Page 47 of 163 FirstFirst ... 3745464748495797147 ... LastLast
Results 461 to 470 of 1628

Thread: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

  1. #461
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Conservative View Post
    After Obama telling you how great Europe was you still don't get it. The economies of Europe and the U.S. are entirely different. The European economy is based upon massive govt. spending and entitlements creating cradle to grave coverage. When you cut back spending there you create the disaster we are seeing there now. The U.S. economy was based upon the private sector so cutting back govt. spending actually makes more money available to the private sector for investment and growth thus job creation. Cutting govt. spending in the U.S. isn't nearly the disaster as it is in Europe because Europe's economy has always been based upon govt. spending.
    Oh con, we have already gone over the difference between US vs EU govt spending before, you saw that the % of spending/GDP difference was not that much, and the point is that the principle is the same.....you are going to have a slower rebound when you cut govt spending during an economic downturn.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  2. #462
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 02:41 PM
    Gender
    Lean
    Conservative
    Posts
    67,273

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Oh con, we have already gone over the difference between US vs EU govt spending before, you saw that the % of spending/GDP difference was not that much, and the point is that the principle is the same.....you are going to have a slower rebound when you cut govt spending during an economic downturn.
    Wrong, the percentage of GDP is irrelevant, what is actually spent on the components is. what percentage of European GDP is govt spending and what percentage of the U.S. GDP is govt spending. Learn the components of GDP and get back to me.

  3. #463
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 03:08 PM
    Gender
    Lean
    Libertarian
    Posts
    34,666

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    I'll take your shift in topic to be your concession.
    That is very much the topic, gov't spending and revenue. You say we cannot increase gov't revenue or cut gov't spending increases until "things get better" yet willingly ignore any factor that "automatically" both increases gov't spending AND prevents more hiring. You cannot have it both ways, you either do something to help hiring (increasing gov't revenue) or stop increasing gov't spending until that happens. We were assured that "stimulus" was needed and have been spending at "stimulus" levels since FY2009 - which increased federal spending 20% over that of FY2008; with the addition of TARP and ARRA - BOTH of which were said to be "one time" increases, yet we never went back to the 2008 federal spending levels as the "baseline".
    Last edited by ttwtt78640; 04-06-13 at 03:47 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  4. #464
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by DA60 View Post
    Sorry, but it's the opposite.

    Great Depression - massive increase in government spending for year after year. Result? It took 13 years and a world war to get unemployment back down to pre-crash levels.

    1920/21 Depression - spending cut in half, tax rates cut. Result? Economy was back to normal within 3 1/2 years AND the national debt went down.

    There has been, on average, a recession every 6 years since America came into being; almost all of them resolved themselves without big government help.


    All government spending does is skew the economy to become dependent on government handouts.

    That might work for a socialist/communist economy (for a while). But a free market-based economy - it does not work so well.


    Recessions are about price adjustments. Usually, from prices that have gone too high and need to be lower to keep the 'free market' balance.

    They are healthy, necessary things for an economy.

    If the government had just stepped back and let market forces do their thing - unemployment (imo) would be way below what it is now, the DOW would probably be far higher then today, the housing market would be stronger and there would be a lot less people on food stamps.
    Kuehn argues that the most substantial downsizing of government was attributable to the Wilson administration, and occurred well before the onset of the 1920-21 recession. Kuehn notes that the Harding administration raised revenues in 1921 by expanding the tax base considerably at the same time that it lowered rates. Kuehn also argues that Woods underemphasizes the role the monetary stimulus played in reviving the depressed economy and that, since the 1920-21 recession was not characterized by a deficiency in aggregate demand, fiscal stimulus was unwarranted. Economist Paul Krugman, who is critical of the Austrian interpretation, notes that the monetary base expanded significantly from 1922-1925, and that this expansion was accompanied by a reduction in commercial paper rates.[15] Allan Metzger suggests that deflation and the flight of gold from hyper-inflationary Europe to the U.S. also contributed to the rising real money stock and economic recovery.[16]
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  5. #465
    Engineer

    RabidAlpaca's Avatar
    Join Date
    Feb 2012
    Location
    American in Europe
    Last Seen
    Today @ 02:59 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    14,587

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    It is not a short term problem.
    I never called it one. Would you like to address what I did say now?

    Quote Originally Posted by Gimmesometruth View Post
    Addicts.....home economies....I'm not going to get into bad analogy competition. If you can't discuss the real things going on, this is pointless.
    So you're disagreeing with the analogy, claiming that we should either cut funding drastically, ie: austerity, or blindly pump extra funding in, ie: stimulus? You don't see anything in the middle?

    Or, you could answer the ****ing question, instead of trying to ignore it.
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

  6. #466
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Boo Radley View Post
    Spending more money in the afghan serge. Bailing out GM, Walstreet and the banks. Keeping the Bush tax cuts as long as he.

    Policy: surge, drone strikes, rendition, not properly doing health care reform, not being able to get past GOP fear mongering and close Gitmo.

    That's a start.
    I said major increase in expenditures.

    Which of those was a major increase in expenditures that Obama was against?

  7. #467
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Kuehn argues that the most substantial downsizing of government was attributable to the Wilson administration, and occurred well before the onset of the 1920-21 recession. Kuehn notes that the Harding administration raised revenues in 1921 by expanding the tax base considerably at the same time that it lowered rates. Kuehn also argues that Woods underemphasizes the role the monetary stimulus played in reviving the depressed economy and that, since the 1920-21 recession was not characterized by a deficiency in aggregate demand, fiscal stimulus was unwarranted. Economist Paul Krugman, who is critical of the Austrian interpretation, notes that the monetary base expanded significantly from 1922-1925, and that this expansion was accompanied by a reduction in commercial paper rates.[15] Allan Metzger suggests that deflation and the flight of gold from hyper-inflationary Europe to the U.S. also contributed to the rising real money stock and economic recovery.[16]
    They can argue and interpret and rationalize and spin all they want (Krugman is REALLY good at spinning, imo).

    Fact - during the 1920/21 Depression - tax rates were cut AND spending was cut almost in half and the depression was over within 3 1/2 years.

    Credit who or whatever you wish - the fact remains that a depression was ended (relatively) quickly 'despite' a huge cut in government expenditures.

    PLUS the recessions every (roughly) 6 years in U.S. history almost all resolving themselves without large government stimulus.

    PLUS, add in that despite trillions of dollars in deficits since '08 - unemployment is still worse then the day Obama took over (much worse if you used the participation rate he had when he took over).

    So this notion that one must spend one's way out of a recession/depression just does not hold water.

  8. #468
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by ttwtt78640 View Post
    You say we cannot increase gov't revenue or cut gov't spending until "things get better"
    NO, I never said anything so far about cutting spending "when things get better", putting words in my mouth....but go on...

    yet willingly ignore any factor that "automatically" both increase gov't spending AND prevent more hiring.
    I have no idea what you are talking about that will "prevent more hiring". Increased stimulus would retain and increase govt employees that were lost post 2007.

    You cannot have it both ways, you either do something to help hiring (increasing gov't revenue) or stop increasing gov't spending until that happens.
    A totally confused statement based upon words put in my mouth.


    We were assured that "stimulus" was needed and have been spending at "stimulus" levels since FY2009
    You are conflating unemployment payout with "stimulus", not the same thing.


    - which increased federal spending 20% over that of FY2008; with the addition of TARP and ARRA - BOTH of which were said to be "one time" increases, yet we never went back to the 2008 federal spending levels as the "baseline".
    The 2008 budget was Bush's last budget, did not account for the war spending, delayed much of the TARP payouts to 2009 and did not include the ARRA......and the ARRA was made up of a majority of tax cuts and unemployment payouts, it had a very small amount of actual "stimulus" spending.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  9. #469
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    12-13-17 @ 12:40 PM
    Gender
    Lean
    Centrist
    Posts
    11,691

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    Quote Originally Posted by pbrauer View Post
    Thanks, for your response. I am a little embarrassed though, I inadvertently added an emoticon on my tiny hand held device for which I apologize.
    Not a problem at all. It can happen to anyone.

  10. #470
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 02:41 PM
    Gender
    Lean
    Conservative
    Posts
    67,273

    Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

    The 2008 budget was Bush's last budget, did not account for the war spending, delayed much of the TARP payouts to 2009 and did not include the ARRA......and the ARRA was made up of a majority of tax cuts and unemployment payouts, it had a very small amount of actual "stimulus" spending.

    That my friend is an absolute lie, all war expenses are part of the 10.6 trillion dollar debt that Obama inherited. TARP was a loan classified as an expense with most being repaid. ARRA was proposed by Obama and included targeted tax cuts requiring some kind of action before allowed, it served no purpose and was a failure except to the unions who were bailed out. You keep buying the leftwing lies. What is it about liberalism that creates this kind of loyalty

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •