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

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

This is a leadership failure that is tragically unique in American history. Certainly the Obama supporting America haters will be cheering, but it has to be a source of concern to the Democrats that the headlong rush to Socialize America would immediately fail, would have no bright spots along the way, simply a failure of ideas result in a disaster felt around the world.

Our president seems to have left the field entirely, focusing instead on homosexuals, Mexicans, disarming decent Americans and playing golf.

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

Conservative said:
You really don't understand our economy do you, it is consumer driven and generated so people with more spendable income spend it, save it, or pay off debt all helping the economy. Only a big govt liberal believes the govt. needs the money more than the people do. What is it in your past that generates this knid of belief? Sorry but the facts prove you wrong, working people pay more in taxes than unemployed people and thus there were more workers then than now thus higher revenue
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The American economy is not generating the types of employment that creates consumers with money to blow..............And, no, deregulating everything here so that employers can pay Chinese level wages will not create employment that creates consumers with money to blow............................
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

poweRob said:
So I just ****ed your politically dogmatic world view all up and you do your usual non sequitur response of "You're stupid and I'm smarter than you" bull**** dodge post. Ok...My bad. I seriously should've known better than to reply to your tripe.
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Anyone who claims that lower taxes don't increase consumer spending and activity thus increasing govt. revenue are naive, gullible, and very misinformed. Would you rather have someone paying 100 in taxes or two people paying 50 each. Think about it and get back to me.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

poweRob said:
Seems to be doing better the further away from Bush we get doesn't it?

Granted I don't buy that outright but this is how you debate so... welcome to your mirror.
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You have been sold a bill of goods and brainwashed by a failed ideology. Bush wasn't the problem, liberalism is
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
This is not even a response to my post. Tax rates are at historic lows while revenues are at their lowest level (factoring for inflation) since 2003. And yet, it is not generating additional revenue.
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Revenue may be lower but it has more to do with 22 plus million unemployed/under employed/discouraged workers paying very little in taxes due to poor economic policies. You have two choices and not surprising you take the one with higher taxes. I prefer the one with lower taxes and more economic activity.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

JC Callender said:
I don't have time to study your article and the economy of New Jersey, but would suggest a more non biased source than Bloomberg in the future. Btw, in the little I did read, it says that unemployment has gone down a little.
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You're missing my point. My point is that one cannot empirically attribute the changes to the tax cuts. Cost structure evidence argues that the tax changes likely had a modest impact, but it's premature to try to be more certain.

In other words, early attribution that gives credit to the tax changes can be far off the mark. For example, compare the contrasting fortunes of California and New Jersey with respect to the unemployment rate.

California:
February 2011 12.2%
February 2012 10.9%
February 2013 9.6%

New Jersey:
February 2011 9.2%
February 2012 9.0%
February 2013 9.3%

The above figures are from the Bureau of Labor Statistics.

California, which adopted substantial tax increases has experienced a large drop in the unemployment rate. New Jersey, with its aggressive tax relief, has had little change in its unemployment rate. The argument that tax hikes drove California's unemployment rate down would, as has been the case with the argument concerning Michigan's tax relief, almost certainly have been an early attribution of a trend to coincidence in timing, not a proper representation of cause and effect.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Anyone who claims that lower taxes don't increase consumer spending and activity thus increasing govt. revenue are naive, gullible, and very misinformed. Would you rather have someone paying 100 in taxes or two people paying 50 each. Think about it and get back to me.
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Revenue increases were GREATER before Reagan. Sooooo... think about that and get back to me.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Bonzai said:
The American economy is not generating the types of employment that creates consumers with money to blow..............And, no, deregulating everything here so that employers can pay Chinese level wages will not create employment that creates consumers with money to blow............................
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Exactly, so you believe raising taxes and growing govt and debt is the answer? You have so little knowledge of what drives this economy because you have been brainwashed by a failed ideology. Obama's results speak for themselves and it isn't a pretty picture
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

poweRob said:
Revenue increases were GREATER before Reagan. Sooooo... think about that and get back to me.
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Prove it, that is a lie. BEA.gov will give you the answer as will the U.S. Treasury website
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Exactly, so you believe raising taxes and growing govt and debt is the answer? You have so little knowledge of what drives this economy because you have been brainwashed by a failed ideology. Obama's results speak for themselves and it isn't a pretty picture
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I would counter that the entire Conservative mindset is sinking America: The Conservative American ideal of making just enough to be able to shop at Walmart is NOT the American dream most of this country used to believe in............................
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

donsutherland1 said:
Until aggregate demand is expanding robustly leading to substantial sales growth, businesses will not expand aggressively. With the slower growth, a greater share of the focus remains on increasing productivity and effiency rather than taking on new employees/building new factories, etc. New employees, new factories, new equipment all entail significant new financial commitments. Right now, in many parts of the economy, aggregate demand is not expanding at a rate where companies need to increase their productive capacity.
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How does one achieve record profits with poor demand?

Outside of a major supply shortage, which is not the case, demand must be higher than it has ever been.

Otherwise, who is buying the things that give corporations these record profits?

The cost-benefit of increasing output through expansion is swamped by the regulatory burden imposed by Dodd-Frank and Obamacare.

Simply throwing money into the economy via stimulus does not address the mechanisms stifling corporate growth.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Prove it, that is a lie. BEA.gov will give you the answer as will the U.S. Treasury website
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Yeah... I laid out my proof on post #339 and you ignored it with a bullcrap rant. If you want to disprove it with a link showing otherwise... be my guest. And please, don't go back to your usual self by linking to a gov website homepage then running away.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Bonzai said:
I would counter that the entire Conservative mindset is sinking America: The Conservative American ideal of making just enough to be able to shop at Walmart is NOT the American dream most of this country used to believe in............................
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Wrong, read your history books, this country was built on self reliance and individual responsibility not the entitlement mentality created by those who spend in the name of compassion but only generate compassionate results for themselves.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Revenue may be lower but it has more to do with 22 plus million unemployed/under employed/discouraged workers paying very little in taxes due to poor economic policies. You have two choices and not surprising you take the one with higher taxes. I prefer the one with lower taxes and more economic activity.
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WTF are you talking about? I never made any mention of higher taxes, that is some fantasy you just created. My point continues to be, tax rates are near their lowest levels since WWII. This is simply a matter of fact.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

StringBean said:
How does one achieve record profits with poor demand?

Outside of a major supply shortage, which is not the case, demand must be higher than it has ever been.

Otherwise, who is buying the things that give corporations these record profits?

The cost-benefit of increasing output through expansion is swamped by the regulatory burden imposed by Dodd-Frank and Obamacare.

Simply throwing money into the economy via stimulus does not address the mechanisms stifling corporate growth.
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Aggregate demand has been growing but not rapidly. Productivity has been growing faster. When firms' expenses rise more slowly than their sales increase or, as is the case in some industries, expenses fall while sales rise, profit margins increase. Profits = Sales - Expenses. One can increase profits even while reducing sales, if one cuts expenses by more than sales are falling.

I made no claims of any kind with respect to the nation's regulatory burden, the Affordable Care Act, etc. Fiscal stimulus provides a short-term boost to aggregate demand. The headwinds damping growth in aggregate demand are not solely matters of public policy. For example, deleveraging following the housing bust played an important role. The economic difficulties in Europe have reduced export growth. Structural factors e.g., related to industry evolution/shifting competitivness, etc., are also involved.

Once demand increases to a point where firms can't keep up with their current factories and manpower, then they'll expand. Right now, in many industries, there remains considerable slack. The capacity utilization data (Industrial Production and Capacity Utilization) shows considerable slack.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

poweRob said:
Yeah... I laid out my proof on post #339 and you ignored it with a bullcrap rant. If you want to disprove it with a link showing otherwise... be my guest. And please, don't go back to your usual self by linking to a gov website homepage then running away.
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Your so called proof is wrong because it ignores the economic conditions of the time and fails to explain how a three year tax cut of 10-10-5 can generate increased revenue. Like all liberals you don't seem to understand that unemployed people don't pay a lot in taxes and the answer is to put these people back to work, Reagan put 18 million of them back to work and actually doubled GDP. What you seem to ignore is that not only did those working people pay taxes but business tax revenue increased as well due to booming business. The multiplier effect is a foreign concept to people like you.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
WTF are you talking about? I never made any mention of higher taxes, that is some fantasy you just created. My point continues to be, tax rates are near their lowest levels since WWII. This is simply a matter of fact.
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So what? Why do tax rates concern you so much and not tax revenue? You seem to have no problem with a 3.6 trillion dollar federal govt creating a trillion dollar a year deficit. The liberal answer is to raise taxes 80 billion a year and ignore the 22 plus million unemployed/under employed/discouraged workers paying very little if any
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Your so called proof is wrong because it ignores the economic conditions of the time and fails to explain how a three year tax cut of 10-10-5 can generate increased revenue. Like all liberals you don't seem to understand that unemployed people don't pay a lot in taxes and the answer is to put these people back to work, Reagan put 18 million of them back to work and actually doubled GDP. What you seem to ignore is that not only did those working people pay taxes but business tax revenue increased as well due to booming business. The multiplier effect is a foreign concept to people like you.
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Blah blah blah liberals bad blah blah blah... I'll take your choosing to not prove anything you said as a dodge.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
So what? Why do tax rates concern you so much and not tax revenue?
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Tax revenue is a function of tax rates.

The liberal answer is to raise taxes 80 billion a year and ignore the 22 plus million unemployed/under employed/discouraged workers paying very little if any
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Why are you responding to my post with this comment. I never mentioned tax increases, the deficit, discouraged workers, or anything of that nature. Tax rates are at the lowest levels since the end of WWII (much lower than during the Reagan administration) and yet labor market growth is meager at best.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
So what? Why do tax rates concern you so much and not tax revenue? You seem to have no problem with a 3.6 trillion dollar federal govt creating a trillion dollar a year deficit. The liberal answer is to raise taxes 80 billion a year and ignore the 22 plus million unemployed/under employed/discouraged workers paying very little if any
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Pfft like you care aout the unemployed:

Conservative said:
For a while? Two years? Yes I won't hire someone who has been out of work for 2 years, no initiative, no drive, and someone who has lived off the taxpayers for too long

http://www.debatepolitics.com/2012-...urday-9-et-w-134-926-a-84.html#post1060788868
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

poweRob said:
Blah blah blah liberals bad blah blah blah... I'll take your choosing to not prove anything you said as a dodge.
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Why prove anything to someone brainwashed who won't believe the actual data. I take the Treasury Data anyday over what you post because that is what the govt. has to spend. I understand your position for how can you be so wrong in your beliefs and ideology when liberal rhetoric is so compassionate and we know that liberals really care. Too bad the results don't support your position.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
Tax revenue is a function of tax rates.



Why are you responding to my post with this comment. I never mentioned tax increases, the deficit, discouraged workers, or anything of that nature. Tax rates are at the lowest levels since the end of WWII (much lower than during the Reagan administration) and yet labor market growth is meager at best.
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No individual taxes paid are the result of rates, the revenue is the number of people paying taxes times the rates. The more people paying taxes affects the revenue more than the rates.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Why prove anything to someone brainwashed who won't believe the actual data. I take the Treasury Data anyday over what you post because that is what the govt. has to spend. I understand your position for how can you be so wrong in your beliefs and ideology when liberal rhetoric is so compassionate and we know that liberals really care. Too bad the results don't support your position.
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blah blah blah I can't back anything I say up blah blah blah liberals bad blah blah blah.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Wrong, read your history books, this country was built on self reliance and individual responsibility not the entitlement mentality created by those who spend in the name of compassion but only generate compassionate results for themselves.
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You're entitled to live your life by the values and in the manner you see fit: You aren't entitled to mandate that everyone else find it attractive.............................
 
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