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Thread: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

  1. #11
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by The Prof View Post
    yup

    working 2 million poor schmucks at 12 dollars per

    call it an unintended consequence

    just one of many

    How Obama's Stimulus Failed - Chicago Tribune
    So private contractors save money by paying lower wages.

    And your alternative is....mandate higher wages? Hire them as Federal employees? It's hilarious to watch you argue without realizing it that the private sector is actually causing the low wages, not the Federal Spending.

    Seriously, it's like you don't even think about what you post.

    As a share of gross domestic output, it was the largest fiscal stimulus program ever tried in this country.
    Except for that thing called World War II. Oops.

    I like how your article flat up states tax cuts don't work. FUNNY.

    And it's dishonest in what it's saying about the States. It argues that it didn't do anything...but then points out how it effectively let states keep spending at the same rates, thus preventing a reduction in aggregate spending. Failure eh? If keeping aggregate demand at the same level is failure, what is success? Reducing demand?

    Feyrer and Sacerdote say the cost may have been as high as $400,000 per job.
    Apparently these "economists" don't understand the concept of trickle down.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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  3. #13
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by The Prof View Post
    you have to ask?
    So in the typical Prof fashion, you have absolutely nothing but complaints.

    You offer no alternatives. You offer no solutions. You just bitch.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  4. #14
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    You just bitch
    hey, at least i didn't vote for him

    LOL!

    America's gross domestic product — the broadest measure of economic output — grew 6.8 percent from the April-June quarter of 2009 through the same quarter this year, the slowest in the first three years of a postwar recovery. GDP grew an average of 15.5 percent in the first three years of the eight other comebacks analyzed.

    Consumer spending has grown just 6.5 percent since the recession ended, feeblest in a postwar recovery. In the first three years of previous recoveries, spending rose an average of nearly 14 percent.

    The economy shed a staggering 8.8 million jobs during and shortly after the recession. Since employment hit bottom, the economy has created just over 4 million jobs. So the new hiring has replaced 46 percent of the lost jobs, by far the worst performance since World War II. In the previous eight recoveries, the economy had regained more than 350 percent of the jobs lost, on average.

    Adjusted for inflation, wages have fallen 0.8 percent. In the previous five recoveries —the records go back only to 1964 — real wages had gone up an average 1.5 percent at this point.
    Economic recovery is weakest since World War II

  5. #15
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by tererun View Post
    Does the president make you gullible so you believe faux news time and time again when they distract you from real issues using edited or purely made up quotes? Really, keep on blaming obama because you fall for BS. It is all Obama's fault you are gullible and buy this stuff. it is never ever your fault for falling for the same old trick.

    BTW don't blame the rest of us for not buying that piss poor excuse that Obama made you gullible so you have to believe everything faux news says. He did not do that to you. He may have done a lot of things, but he is not at fault for your gullibility. We are not that gullible. We are able to see that you fall for the same old trick every time. You want everyone else to ignore the reality of the situation because it makes you feel bad you were caught up supporting complete BS yet again. perhaps you should take a step up and wait for the full story to come out instead of trusting that faux news didn't blow things way out of proportion yet again.

    Seriously, have you missed the huge irony of all of this. Faux news lies and misleads the public using altered quotes and piss poor paraphrasing. So because of this the white house ends up having to try to compose everything in a way that faux news cannot misrepresent. It is impossible to do that because ecven if it becomes impossible to misrepresent faux news will just lie and make crap up like they did in this case. So because the white house second guesses every statement it is about to make 100 times to try and keep faux news on track they end up getting criticized by faux news for trying to combat the stupid faux news keeps pushing on society. It is called bitching about a problem you created. It is what happens when you chase down stupid and try to fix the problem. It is like listening to rednecks complain because the shampoo bottle has instructions. They are on there because rednecks can't figure out the proper way to use soap. Since rednecks also cannot read properly it makes no friggen sense to have written instructions on how to use the product, and it doesn't help stupid not to drink their product. So years later we have rednecks who have heard from their literate friends that there is instructions on soap and they think they are so smart for making really old comments on it's presence.

    Stop believing everything you hear from faux news like it is the word of god and maybe the next time this happens you won't get caught up in one of their crazy screw ups and look silly yet again because you bought their BS. It is not our fault you fell for it, so quit blaming us for your embarrassment.
    So, you really DO think that Obama isn't responsible for anything...LOL!!!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by The Prof View Post
    yup

    working 2 million poor schmucks at 12 dollars per

    call it an unintended consequence

    just one of many

    How Obama's Stimulus Failed - Chicago Tribune
    So then you are in favor of paying these government employees and contractors higher wages, right?

  7. #17
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by Sarcogito View Post
    So then you are in favor of paying these government employees and contractors higher wages, right?
    It's pretty pointless to discuss anything with Prof.

    Already brought up your points. He pretends I never did.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  8. #18
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Median annual income has declined 4.8 percent from $53,508 to $50,964 since the recovery technically began in June 2009 , according to a new study from Sentier Research. That's nearly double the 2.6 percent drop during the recession.

    One especially hard-hit group: Americans aged 55 to 64, who saw their annual income drop nearly 10 percent. But African-Americans have felt the pain the most during the recovery as their incomes declined 11 percent.
    income declining twice as fast in recovery as it fell during the actual recession

    U.S. Annual Income Fell More During Recovery Than Recession/HuffingtonPost

    what can you expect on 12 dollars per hour

    the youths, the forced-into-early-retirement crowd, the ethnics, the women...

    pretty much everyone except the too-bigs-to-fail and wall street investors

    barack obama---he'll break your heart

  9. #19
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart

    Quote Originally Posted by The Prof View Post
    income declining twice as fast in recovery as it fell during the actual recession

    U.S. Annual Income Fell More During Recovery Than Recession/HuffingtonPost

    what can you expect on 12 dollars per hour

    the youths, the forced-into-early-retirement crowd, the ethnics, the women...

    pretty much everyone except the too-bigs-to-fail and wall street investors

    barack obama---he'll break your heart
    Prof are you demanding that Obama raise the minimum wage? For everyone or just employees of federal contractors?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  10. #20
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    Re: CNBC: Federal Government Creates More Low-Wage Jobs Than Wal-Mart


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