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Thread: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    Yeah, guess actual results from spending is a foreign concept to you. Imagine this country today with 17 million jobs being created and GDP going up the 4 plus % Reagan averaged?
    I am all for the relative increases in spending we saw during Reagan NOW, but we are not doing that, we have seen little to no increases in fed spending and DECLINES in local spending, the exact OPPOSITE of what we did under Reagan.
    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.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    And there we have the typical liberal diversion from reality. Obama has put Reagan spending on steroids and generated the results we see today.
    Absolutely flat out incorrect, we just went over the size of increases in spending by Reagan it real terms, in terms of increases in defense spending, in terms of doubling the budget, in terms of tripling the debt, in terms of direct effect on GDP.....and you are back into total denial of the increases in spending by Reagan and the flat/decreases in spending under Obama.
    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.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Boo Radley View Post
    Only by a few. And despite they're efforts, the Reagan myth endures.

    But this has nothing at all to do with Reagan. he like all presidents take credit where it is not deserved and gets blame where not deserved. This is about objectively do taxes and regulations have a significant effect. The research says no.

    You are free to present any actual research you have. But merely being president when the economy is good isn't enough. History documents well that the economy has been good and bad with high tax rates. And that the economy has been good and poor with low tax rates. All evidence, objective evidence, shows minimal effect.

    Such is also true with regulations. Though the real issue with regulations isn't effect on business, but whether they are truly needed or not. Strangely I rarely ever see a thread attacking any regulation in that way.

    Here is an interesting observation on the subject of income taxes.

    I have noticed much of the evidence regarding taxation implies there is little to gain from lowering income taxes. On the same note, there is much suggestion that increases in spending by the government can have quite a positive effect on the economy, especially during hard economic times. This suggestion carries with it the idea that the government needs to put more money into the economy.

    What is the difference between deficits caused by decreases in revenue as a result of lower tax rates, and deficits caused by increases in government spending?

    When it comes to regulatory impacts, I'd like to see the analysis that indicates they have little economic impact. I would think a quick study of California would be sufficient to illustrate that conclusion is highly suspect.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ocean515 View Post
    Here is an interesting observation on the subject of income taxes.

    I have noticed much of the evidence regarding taxation implies there is little to gain from lowering income taxes. On the same note, there is much suggestion that increases in spending by the government can have quite a positive effect on the economy, especially during hard economic times. This suggestion carries with it the idea that the government needs to put more money into the economy.

    What is the difference between deficits caused by decreases in revenue as a result of lower tax rates, and deficits caused by increases in government spending?

    When it comes to regulatory impacts, I'd like to see the analysis that indicates they have little economic impact. I would think a quick study of California would be sufficient to illustrate that conclusion is highly suspect.
    You would assume that California is A) representative and 2) has no other issues other than regulations.

    As for spending, putting money into the economy, no matter where it comes from, helps because business will react to spending. In fact, that is largely the only way they move toward growth. if someone is buying, they will expand. Saving money on taxes doesn't equal a buyer out there willing to pay for the service or widget. A business can have tons of profit and money sitting in the bank, but if demand is down, he won't expand. And that's a proper decision. Conversely, they could be paying high taxes, seeing many new regulations, but if the demand is high enough, they'll move heaven and earth to meet that demand.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ocean515 View Post
    Here is an interesting observation on the subject of income taxes.

    I have noticed much of the evidence regarding taxation implies there is little to gain from lowering income taxes. On the same note, there is much suggestion that increases in spending by the government can have quite a positive effect on the economy, especially during hard economic times. This suggestion carries with it the idea that the government needs to put more money into the economy.

    What is the difference between deficits caused by decreases in revenue as a result of lower tax rates, and deficits caused by increases in government spending?

    When it comes to regulatory impacts, I'd like to see the analysis that indicates they have little economic impact. I would think a quick study of California would be sufficient to illustrate that conclusion is highly suspect.
    This has been covered before, we are trying to use both highly effective stimulus spending (UI, SNAP) and demand side tax cuts, ie tax cuts for lower quintile earners.
    PolitiFact | Maddow claims spending is more stimulative than tax cuts
    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.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Boo Radley View Post
    You would assume that California is A) representative and 2) has no other issues other than regulations.

    As for spending, putting money into the economy, no matter where it comes from, helps because business will react to spending. In fact, that is largely the only way they move toward growth. if someone is buying, they will expand. Saving money on taxes doesn't equal a buyer out there willing to pay for the service or widget. A business can have tons of profit and money sitting in the bank, but if demand is down, he won't expand. And that's a proper decision. Conversely, they could be paying high taxes, seeing many new regulations, but if the demand is high enough, they'll move heaven and earth to meet that demand.

    Yes, one can make that assumption that A applies. The point about B has no impact, since it's universal.

    As to the issue of taxes, it is not a surprise to me to see you subcribe to the notion that deficits caused from increases in government spending are better than deficits caused by increases in personal income.

    Did you know there was no real demand for personal computers until investors went out on a limb and created them? Did you know there was no real demand for automobiles until investors went out on a limb to create a process that made them affordable to a larger segment of the population?

    And so the chicken/egg debate continues.
    Last edited by ocean515; 07-11-13 at 07:14 PM.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    I am all for the relative increases in spending we saw during Reagan NOW, but we are not doing that, we have seen little to no increases in fed spending and DECLINES in local spending, the exact OPPOSITE of what we did under Reagan.
    Your opinion noted but what you don't understand is that it isn't mine or anyone else from another state to pay for your local expenses nor can the s tate government print money like the Federal Govt. can. You really do lack a basic understanding of local, state, and Federal Responsibility along with the role of the Federal Govt.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Absolutely flat out incorrect, we just went over the size of increases in spending by Reagan it real terms, in terms of increases in defense spending, in terms of doubling the budget, in terms of tripling the debt, in terms of direct effect on GDP.....and you are back into total denial of the increases in spending by Reagan and the flat/decreases in spending under Obama.
    You really are a waste of time, no concept of context or return on investment. You must work as a contract employee for the Federal Govt.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ocean515 View Post
    Yes, one can make that assumption that A applies. The point about B has no impact, since it's universal.

    As to the issue of taxes, it is not a surprise to me to see you subcribe to the notion that deficits caused from increases in government spending are better than deficits caused by increases in personal income.

    And the chicken/egg debate continues.
    I didn't say that, any of it really.

    I said that spending money helps business. I nothing about the deficit at all nor did I said I supported all spending. Not sure why people always leap to things not said.

    For the record, the deficit concerns me. And I don't support all spending. However, no matter who the president is, I recognize the question is always a tough one in tough times.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    This has been covered before, we are trying to use both highly effective stimulus spending (UI, SNAP) and demand side tax cuts, ie tax cuts for lower quintile earners.
    PolitiFact | Maddow claims spending is more stimulative than tax cuts
    Thanks for the post, but I have ZERO interest in liberal/progressive propoganda from sources like the Poynter Insititues marketing machine, or Rachel Maddow.

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