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

  1. #1221
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    "The Administration has long called
    for legislation to create a stronger, more effective regulatory regime to improve oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks ("housing government-sponsored enterprises" or "housing GSEs") and appreciates the considerable efforts of Chairman Oxley and Chairman Baker in crafting H.R. 1461. However,

    H.R. 1461 fails to include key elements that are essential to protect the safety and soundness of the housing finance system and the broader financial system at large. As a result, the Administration opposes the bill."

    Ok, I made a mistake.

    It was S.190 and I was refering to the bill not getting a vote in the Senate, plus it was a Senate Comittee.

    HR1461 was watered down for the House Comittee's Democrats and actually added in up to 700,000 dollar jumbo loans AND it created a Slush fund AND it put off the transition for a new regulatory controller to take the reins away from HUD for a year.

    Good reason for it being voted down.

    Never the less S.190 was not allowed a vote because of Democrats threats of Fillibuster.

  2. #1222
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    So lets see, did people lose asset value in 81? No, home prices did not lose value, interest rates were high both on loans AND on returns.
    Did the job losses go on for a long time in 81? No, it was a fairly quick turnaround since it was an inflation shock recession.

    Did people lose asset values in 2008? Oh yes, home values declined massively, and since this was the primary asset for the majority of people, the losses were great and widespread.

    Did the job losses extend out for a long period? Yes, since demand was/is depressed, due to asset devaluation and income declines, a feedback loop caused further declines in demand, with more cutbacks by govt and business.


    You just refuse to accept how this was different from 1981.
    And you continue to lack a basic understanding of leadership apparently believing that the 81-82 recession ended on its own without leadership. I can see why you are self employed with no employees. If you ever grow big enough to actually employ someone you might understand the term incentive and the costs associated with hiring and firing employees.

    Good leadership skill isn't something Obama or his supporters understand at all but he does have a great following. some confuse following with good leadership skills. You live in that little textbook liberal world where people are nothing more than numbers and businesses are here for your own use and entertainment.

    People don't change and behavior is part of the individual. 81-82 was different as I have pointed out, high inflation, high unemployment(oh wait, we have that now), low morale(oh, wait, we have that now), poor economic growth(oh, wait, we have that now) so I guess the only thing different today is the inflation quotient?

    According to you job losses that don't go on for long correct themselves when a Republican showing leadership is in the WH, but job losses that continue with a Democrat in the WH need a lot more time to correct themselves.

    Demand of course is never created by offering incentive, look at your own life where you buy things regardless of cost or money in the bank. People with more spendable income obviously are more miserable and never spend that money, never save it, never pay off bills, never invest it which of course none of these benefit the economy.

    People lose asset values all the time and it affects their pocketbook if they sell during poor economic times. Wonder how that affects the 50% or so of the public that doesn't own any assets thus have nothing to sell?

    Homeownership in the United States - Wikipedia, the free encyclopedia

    Interesting how that number is almost equal to the percentage of working families that are paying all the Federal Income taxes in this country.

    You see, you continue to have a very distorted view of leadership and doubt you got anything out of the textbooks about leadership for if you looked up leadership in the textbook you wouldn't find anything that relates to Obama and if you lived during the Reagan years you would have seen classic leadership on display.

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

    Quote Originally Posted by Gimmesometruth View Post
    Yes, an obsession exists.....in your mind.
    See, you're "talking" to yourself again...

  4. #1224
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Um, the polifact article was determining if the statement "stimulus is more effective than tax cuts" was true, not whether "food stamp are stimulus".

    I understand that macro concepts like multipliers are tough...and Randian objection to altruism is held by a lot of people these days, predatory feelings come to the surface in times of stress....in some people.
    Once again, maybe you think people won't read what you post. This comes from the article:
    "A temporary increase in food stamps has the biggest stimulative effect"

    And you also wrote out that SNAP was stimulus. So I don't understand the backtracking at this point. But it doesn't matter to me. What matters to me my countries economic health. We had two years worth of complete loony tune leadership that set the stage for a bigger disaster than the great depression. At least the major bleeding was stopped after that.

    Have you considered sending the stress blurb to the White House?

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

    Quote Originally Posted by ocean515 View Post
    I can tell you from my own personal experience that what you suggest about demand is not alltogether true. Demand can be created, and is created all the time.

    I've cited examples of products that were not in demand, manufactured by companies that barely existed, where supply generated demand. This is well known, and, for example, forms the basis for funding Research and Development. Obviously, a final decision is based on whether the market could support the product. No reason to open a Rolls Royce dealership in downtown Detroit, for example, or build a skateboard park in a retirement village.

    As to the Obamacare example, I think you may not have thought that through. Obamacare has exacerbated the doctor shortage, no alleviated it. With dramatic restrictions on Doctor compensation, and still questionable provisions required such things as "the doctor fix" just to fill in holes, Doctors are going to be far shorter supply than ever. Obamacare is a perfect example of the unintended consequences of goverment intervention and regulation.
    Excellent post! I especially enjoyed the analogies you used!

    IMO, the doctor shortage is going to be a real problem very soon, considering the fact that baby boomers are retiring at a rate of 10,000 a day, straining an already fragile system!

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

    Quote Originally Posted by ocean515 View Post
    See, you're "talking" to yourself again...
    Really, how did I respond in your name?
    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.

  7. #1227
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Fenton View Post
    Ok, I made a mistake.

    It was S.190 and I was refering to the bill not getting a vote in the Senate, plus it was a Senate Comittee.

    HR1461 was watered down for the House Comittee's Democrats and actually added in up to 700,000 dollar jumbo loans AND it created a Slush fund AND it put off the transition for a new regulatory controller to take the reins away from HUD for a year.

    Good reason for it being voted down.

    Never the less S.190 was not allowed a vote because of Democrats threats of Fillibuster.
    That's total bull**** as well:

    Republicans love say Barney Franks and other Democrats kill the attempt to fix Fannie and Freddie by stopping The Federal Housing Enterprise Regulatory Reform Act of 2005 from coming out of committee. The bill went to the Senate Committee on Banking, Housing, and Urban Affairs in 2005. At the time, the Senate Committee on Banking, Housing, and Urban Affairs was controlled by the GOP. Richard Shelby (Alabama R) was the chairman and Paul S. Sarbanes was the ranking member. At that time the GOP had a two person majority over the Democrats. The Democrats publicly criticized the bill but it would have been impossible for them to kill it.

    Additional Details
    S. 190: Federal Housing Enterprise Regulatory Reform Act of 2005

    Introduced Jan 26, 2005
    Referred to Committee View Committee Assignments
    Reported by Committee Jul 28, 2005
    Senate Vote (did not occur)
    House Vote (did not occur)
    Signed by President (did not occur)


    How did Democrats stop the bill to reform Fannie Mae/Freddie Mac when Republicans had the majority? - Yahoo! Answers

  8. #1228
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by polgara View Post
    Excellent post! I especially enjoyed the analogies you used!

    IMO, the doctor shortage is going to be a real problem very soon, considering the fact that baby boomers are retiring at a rate of 10,000 a day, straining an already fragile system!
    Pre-sacktly. Imagine how many young people today would be willing to invest hundreds of thousands in education expenses towards a medical career that the government will control. Here in California, there have been recent articles indicating the Doctor compensation for a patient visit will be $12. Imagine. Unless a doctor sees about 50 patients an hour, there is no chance to pay for all the debt, office expense, insurance, staff, etc. and survive.

    Not to worry they say, a Physicians Assistant will be calling those shots. Sorry, that may be fine, but that's not the same.


  9. #1229
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Gimmesometruth View Post
    Really, how did I respond in your name?
    Shhhh.

    I don't know, it's your obsession thing after all....

  10. #1230
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    [QUOTE=ocean515;1062044825]Pre-sacktly. Imagine how many young people today would be willing to invest hundreds of thousands in education expenses towards a medical career that the government will control. Here in California, there have been recent articles indicating the Doctor compensation for a patient visit will be $12. Imagine. Unless a doctor sees about 50 patients an hour, there is no chance to pay for all the debt, office expense, insurance, staff, etc. and survive.

    Not to worry they say, a Physicians Assistant will be calling those shots. Sorry, that may be fine, but that's not the same.

    Odd that the same people who are in agreement with $12 an hour for a doctor visit are the same ones screaming for $12 an hour for a Wal-Mart employee. Maybe Wal-Mart personnel can be forced to help 50 people an hour, just to keep things fair? Only in America.... :
    Last edited by polgara; 07-12-13 at 02:35 PM. Reason: My post starts with "odd that... The previous poster was ocean515.

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