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Thread: Spring Slowdown Paints Ugly Picture For Jobs: ADP

  1. #31
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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Back when I ran a company (well, two, actually--I've had my own business, and was in upper management at another, though not at the same time) I followed a pretty simple formula: If I had a need that could be translated as a job, I hired someone to fulfill that need. My labor needs were generated by my custom; if I was selling product and demand was up, I had more work for people to do and so I hired more. This, in turn, depended on my customers having enough money to buy the products I was selling.

    Simple as that.

    When policies are such that middle-income-or-below workers' wages remain stagnant for decades, but massive wealth accumulates at the top, the outcome is a falling death-spiral of demand. We're seeing the results of those policies, which have been enacted by both democrats and republicans, over the course of the last few decades. I think it is fair to say that republicans identify more readily with the ideas behind those policies, and also that republicans started the country on the track of following those policies. But democrats have been complicit, and basically followed the program. One is really no better than the other.

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Quote Originally Posted by jmotivator View Post
    Hah hah, no.

    Oh the irony...
    Hmm, I checked the Census data the author in your link claims to have used and it didn't seem to match the conclusions he made. Nor did the Cook Report. Here check for yourself.....

    Cook Partisan Voting Index

    2006-2008 American Community Survey (ACS)


    From The Pew Research Center .......

    "...The Pew Research Center released data in August 2012 about GOP gains among working-class white voters that found: "Lower-income and less educated whites also have shifted substantially toward the Republican Party since 2008

    Among whites without a college degree, the GOP now holds a 54 percent to 37 percent advantage among non-college whites, who were split about evenly four years ago. The partisanship of white college graduates, by contrast, has not changed, the analysis found.

    To reach the conclusions, the political scientists (professors at East Coast colleges such as George Washington University and Georgetown) used data from Annenberg pre-election polls for 2000 and 2004 and Pew pre-election polls for 2008...read
    PolitiFact Georgia | Is education level tied to voting tendencies?

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Quote Originally Posted by Blue_State View Post
    False false and false...

    http://www.nytimes.com/interactive/2...olls.html?_r=0

    Refer to this chart.

    http://graphics8.nytimes.com/package...ll-graphic.pdf

    High school grad, some college and college grad were all won by a 8% margin.

    Not graduating from high school and post grad won by dems. 22% swing for those not graduating high school to dems. 4% swing for those with a post grad education.
    Gerrymandering aside, 2010 wasn't a national election year and it was at the height of the tea party movement. But now that the tea party has proven themselves too extreme, do you have any charts for 2012?

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Quote Originally Posted by jmotivator View Post
    When you set out to argue that Democrat supporters are smarter than Republican supporters it would be wise to try a little harder to not sound like an idiot.
    Is that so? You posted an unverifiable chart by unknown author from the height of the tea party movement and think that somehow proves your point? It doesn't, in fact it actually proved my point and showed just how easily some Americans can be dumbed down with lies and propaganda.
    Last edited by Moot; 05-02-13 at 06:34 PM.

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Oh, it's not all bad:
    First-time claims for unemployment benefits fell to their lowest level in five years last week, signaling fewer layoffs in the economy.
    Jobless claims fall to 5-year low - May. 2, 2013
    Quote Originally Posted by Fenton View Post
    Right. No we don't appeal to the Beyonce and Jay-Z idiots, the "Obama-Phones Lady", the racist who vote for him because he's black, the perpetually stoned, drunk and addicted low lifes who believed his lies.

    No, by definition a Obama voter is a idiot. Low information, gullible and suceptable to a corrupt ideology.
    No, you appeal to an old white man who talks to an empty chair, an actor famous for fake fighting on a television series, and the backwoods racist Jethros who spend more money on beer and bug zappers than on their trailer home.

    Aren't generalizations based on a few fun?
    Last edited by Slyfox696; 05-02-13 at 06:52 PM.

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Quote Originally Posted by Moot View Post
    From The Pew Research Center .......

    "...The Pew Research Center released data in August 2012 about GOP gains among working-class white voters that found: "Lower-income and less educated whites also have shifted substantially toward the Republican Party since 2008
    Would that be the same Pew Research Center that consistently says things like:

    "Republicans fare substantially better than Democrats on several questions in the survey, as is typically the case in surveys about political knowledge."

    "Republicans did somewhat better than Democrats on average."

    "Republicans, on average, answered one more question correctly than Democrats (5.9 vs. 4.9 correct). These differences are partly a reflection of the demographics of the two groups; Republicans tend to be older, well educated and male, which are characteristics associated with political and economic knowledge. Still, even when these factors are held constant, Republicans do somewhat better than Democrats on the knowledge quiz."

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Quote Originally Posted by Fenton View Post
    Construction on WHAT Rob ? You looking for a mass upswing in housing ? Commercial ?

    The entire real estate market is floating in a sea of debt due to the Democrat mandates sub-prime bubble.
    Home prices rose 9% in February. Thats the largest increase since 2007 and it's not even the peak of home buying season yet.

    FYI, Bush had a home buying mandate and the Federal Reserve lowered interest rates to 1% under his watch. There wouldn't have been housing bubble without those lower interest rates or big banks bundling up predator loans and giving them A+ ratings. It was Bush's appointee, Sec. Henry Paulson, ex CEO of Goldman Sachs who threatened to tank the economy if the taxpayers didn't bail out the banks.
    Last edited by Moot; 05-02-13 at 07:01 PM.

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Quote Originally Posted by Taylor View Post
    Would that be the same Pew Research Center that consistently says things like:

    "Republicans fare substantially better than Democrats on several questions in the survey, as is typically the case in surveys about political knowledge."

    "Republicans did somewhat better than Democrats on average."

    "Republicans, on average, answered one more question correctly than Democrats (5.9 vs. 4.9 correct). These differences are partly a reflection of the demographics of the two groups; Republicans tend to be older, well educated and male, which are characteristics associated with political and economic knowledge. Still, even when these factors are held constant, Republicans do somewhat better than Democrats on the knowledge quiz."
    Things written or said can be easily taken out of context and since you didn't provide a link, I really can't say what the Pew Research Center consistently says.

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    Quote Originally Posted by Moot View Post
    Home prices rose 9% in February. That's the largest increase since 2007 and it's not even the peak of home buying season yet.

    FYI, Bush had a home buying mandate and the Federal Reserve lowered interest rates to 1% under his watch. There wouldn't have been housing bubble without those lower interest rates or big banks bundling up predator loans and giving them A+ ratings. It was Bush's appointee, Sec. Henry Paulson, ex CEO of Goldman Sachs who threatened to tank the economy if the taxpayers didn't bail out the banks.
    Ah I see, your problem is that you have NO IDEA of what the hell it is your'e talking about. But then again, your'e a Liberal for a reason.

    First, the sub-prime bubble was built exclusively by Clinton's 1995 Affordable Home Owners Strategy as it lowered capital requirements on Fannie Mae and Freddie Mac to 3% and put them under the regulatory authority of HUD which enforced a climbing scale of quota's. That is the percentage of loans purchased by the GSE's HAD to be low quality and by 2000 it was up to 50%.

    In 1994 Clinton signed the Riegle Neal Act, which tied a banks CRA score to whether or not they could acquire new acquisitions, grow into new territories. Clinton's 1995 Affordable Home Owners Strategy also beefed up CRA requirements by now forcing targets implementation on CRA loans. For our Liberal friends that means for the first time since the 1997 CRA was initiated, banks HAD TO loan to people in the communities they served who were at or below 80% of the median income rate IN THAT COMMUNITY. Thus began the sub-prime loan.

    Janet Reno to banks after the Affordable Home Owners imitative was implemented..." For those who thumb their nose at us we promise rigorous enforcement", " 'No loan is exempt, no bank is immune,' Hmmmm....

    There CRA scores were published so Community organizers like Obama and ACORN could file law suites and threaten them in general if they did not roll over. The National Bureau of Economic Research looked into the matter...Did the Community Reinvestment Act (CRA) Lead to Risky Lending?

    But aside from that Clinton needed criminals he could count on so from 1993 to 1998 he replaced all of Fannie and Freddie's top Executives and over half of the board members. One in particular who was the CEO of Fannie Mae misreported billions in earnings so he could meet executive target bonus's.

    In 2000 the HUD Secretary Andrew Cuomo pledged 2 TRILLION dollars to buy up affordable home loans. He's speaking for the corrupted GSEs since Fannie and Fredddie were under HUD Regulatory control to purchase and increasing number of toxic debt by way of sub-prime, Alt-A loans.

    You guys gave him a Governorship for his stupidity....

    In 1997 Fannie securitized it's first sub-prime loan. Prior to 1997 Fannie and Freddie wouldn't touch CRA, Alt-A trash with a 10 foot pole, it was against their charter to buy bad debt, and for almost 70 years it worked, until their charter and mission was changed by the Democrats and they started buying, bundling bad with good and started pushing toxic mortgage Backed Securities into the world Financial Markets to fund the new secondary market. They were AAA rated because American Treasuries were triple rated and it was understood these securities would be backed by the US Treasury if something happened.

    Clinton's appointee Jamie Gorelick in 2000 at a banking Congress in San Fransisco.." We want to buy your CRA loans because it helps us meet our affordable housing mandate " " We will buy them from your portfolios, and turn them into Securities "

    But, since the Democrats forced the banks to lower their standards, and as they understood that these loans over enough time would bankrupt any lender, they realized in order to make available 6 trillion dollars in easy credit backed by the tax payer, they would need a guaranteed BUYER of those loans.

    Well Fannie bought over 70 % of Country-Wide's loans, as Country-Wide gave Democrat politicians like CHRIS DODD inside sweetheart deals on personal loans. The CEO of Country-Wide, Angelo Mozilo, was a corrupt Democrat, selling worthless mortgages to another corrupt Democrat, Franklin Raines.

    Oh yea, we need to ignore all of that, because corrupt Democrats who ripped off the American public for TRILLIONS as over 5 trillion of GSE debt sits on the Treasury's books.

    Time for you to educate yourself, just in general. The one thing common with people on the left is their lack of knowledge and that their susceptible to nonsense and dishonest narratives.

    Bush, upon election almost immediately tried to create a regulatory panel to oversee Fannie and Freddie's corruption. New Agency Proposed to Oversee Freddie Mac and Fannie Mae - NYTimes.com

    The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

    Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

    The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

    The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.


    The Democrats weren't having it, and 27 of them signed a letter warning Bush not to screw with Fannie and Freddie.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: Spring Slowdown Paints Ugly Picture For Jobs: ADP

    cont....

    Bush and the Republicans continued, and replaced Fannie and Freddies AUDITOR. You realize they shared the same auditor that was responsible for keeping an eye on ENRON right ? Well Bush stopped that low life behavior and appointed Price Water-house Cooper to look into Franklin Raines accounting "techniques". As it turned out he misreported BILLIONS in earnings to meet his executive bonus targets, and argued for even lower Capital Requirement Standards on Sub-Prime Loans from 3% down to 2%.



    In 2004 Bush's HUD Secretary Mel Martinez was able to increase the Capital Requirements on loans bought by Fannie Mae to 10% but by 2004 Fannie Mae also held ownership of over 40% of private MBSs.

    Throughout Bush's presidency he and the Republicans tried to appoint regulatory boards over the run-away GSEs, and held committee's in an attempt to understand the level of corruption that the Democrats were responsible for. In 2005 McCain introduced a bill into committee that would have placed severe restrictions on Fannie and Freddie, the only problem was the Democrats were threatening to filibuster it, and the Republicans needed 5 Democrats votes in the Senate to make it Filibuster proof.

    Not one Democrat stepped up to pass the needed reform as the sub-prime collapse neared. In 2007 it was re-introduced but into a Democrat chaired committee. It never left committee.

    So do yourself a favor, don't try that blame Bush nonsense on me. I'm not a Obama voter and I'm not susceptible to BULL SH**.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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