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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
    If Clinton had a budget surplus then you shouldn't have any trouble showing it on the site I gave you, The U.S. Treasury. You think any other site is relevant?

    Like far too many you buy what you are told but really have no idea what you are talking about. Debt service is paid on the U.S. National Debt which is made up of total deficits between Public Debt and Intergovt. holdings. Easy to forget Intergovt. holdings, isn't it? Obligations for the future have no place in the liberal live for today world.
    Been there done that all the relevant links are there.

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

    Quote Originally Posted by winston53660 View Post
    What does 2008 have to do with the 90's bust? Nada.
    No now your'e craw fishing. Typical.

    You said Bush's " Great Recession ", the asset bubble pop, a bubble that was mandated by the Democrats all under the false pretensr of " redlining".

    Cmon, is it that dificult to be honest ?

    In 2004 when Fannies Regulator was warning them of Fannie's imminent doom, Democrats sat in front of Republican chaired committees and lied about the health of the GSEs.

    And right around 2004 was when they went for broke and got into NINA loans and began purchasing MASSIVE amounts of privately created Toxic Mortgage Backed Securities.

    Bush's " great recession" was actually just fallout from Democrat policies enacted in the 90s.

    If your'e going to make ridiculous statements HERE your'e going to be corrected.

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

    Quote Originally Posted by Fenton View Post
    No now your'e craw fishing. Typical.

    You said Bush's " Great Recession ", the asset bubble pop, a bubble that was mandated by the Democrats all under the false pretensr of " redlining".

    Cmon, is it that dificult to be honest ?

    In 2004 when Fannies Regulator was warning them of Fannie's imminent doom, Democrats sat in front of Republican chaired committees and lied about the health of the GSEs.

    And right around 2004 was when they went for broke and got into NINA loans and began purchasing MASSIVE amounts of privately created Toxic Mortgage Backed Securities.

    Bush's " great recession" was actually just fallout from Democrat policies enacted in the 90s.

    If your'e going to make ridiculous statements HERE your'e going to be corrected.
    Why the partisan rhetoric in every post?

    It was private sector action that led to the financial crisis. And please remember, deregulation is a party platform of the GOP.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Kushinator View Post
    Why the partisan rhetoric in every post?


    It was private sector action that led to the financial crisis. And please remember, deregulation is a party platform of the GOP.

    Partisan hackery Kush when you Ignore who BOUGHT the majority of jacked up loans Kush ?

    Fannie Mae started turning low quality loans into Securities way before banks made their own Toxic MBSs. Created their first Toxic Security in 1997 and by 2000 held the market share and by 2004 owned over 40% of all Privately created MBSs.

    Partisan Hackery is making such a disjointed generic statement like " it was the private sector that did it " while you ignore the vast Corruption that came out of the Democrat party from 1993 to 2008....and it continues.

    Country-Wides incestous relationship with Fannie Mae and the sweet heart loans that went out to Politocians like Chris Dodd.

    Angelo Mozilo and Franklin Raines fined tens of millions for their corruption, but still walked away with a net profit and no jail time.
    Thats not partisan Hackery, thats the truth.

    Initially there was no profit and all risk for a bank to make a Sub-Prime Loan. Why do you think they had to be forced to create them ? But hey, Democrats needed banks to stay up and running so they created a relief valve and put the GSEs under the Regulatory Control of HUD with a rising Quota of bad loans purchased

    It shifted the moral hazard from the banks to the Anerican tax payer.

    Now our Central bank is loading its books with toxic debt by the hundreds of Billions and Democrats are crossing their fingers hoping their " too big to fail" narrative sticks

    Its not gonna, you cant perform the Heist of the Century, of the Millenia and not get noticed.

    Tell me Kush, your a intelligent guy, if there was actual " discrimination" , that is people were being denied loans based on the color of their skin, WHY did they have to lower lending Standards to fight it ?

    And your statement on GOP regulations is ridiculously irrellevent.

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

    Quote Originally Posted by Fenton View Post
    Partisan hackery Kush when you Ignore who BOUGHT the majority of jacked up loans Kush ?
    Fannie Mae is not the democrats!

    Fannie Mae started turning low quality loans into Securities way before banks made their own Toxic MBSs. Created their first Toxic Security in 1997 and by 2000 held the market share and by 2004 owned over 40% of all Privately created MBSs.
    You are making tons of qualitative statements that lack support. MBS's are not toxic in nature, and simply reflection innovation in the financial industry. It's when companies use fraudulent practices to both roll mortgages out the door and securitize them that creates a problem. The industry requires regulation!

    Partisan Hackery is making such a disjointed generic statement like " it was the private sector that did it " while you ignore the vast Corruption that came out of the Democrat party from 1993 to 2008....and it continues.
    Please don't make it out like corruption is solely a Democrat phenomenon. Corruption is not party specific.

    Country-Wides incestous relationship with Fannie Mae and the sweet heart loans that went out to Politocians like Chris Dodd.
    Sweet-heart loans were a byproduct of crony-capitalism. Again, it is not political party specific. It is a stretch to link GSE's to Countrywide activities.

    Angelo Mozilo and Franklin Raines fined tens of millions for their corruption, but still walked away with a net profit and no jail time.
    Thats not partisan Hackery, thats the truth.
    That is cowboy capitalism at work.

    Initially there was no profit and all risk for a bank to make a Sub-Prime Loan. Why do you think they had to be forced to create them ? But hey, Democrats needed banks to stay up and running so they created a relief valve and put the GSEs under the Regulatory Control of HUD with a rising Quota of bad loans purchased
    Nobody was forced to create anything. They created them because it was profitable. Revisionist nonsense might cut it with the anti-Obama crowd; not with me.

    Subprime loans can be extremely possible.
    What does this even mean?

    It shifted the moral hazard from the banks to the Anerican tax payer.
    Acquisitions funded by FDIC institutions occurred in the fallout. Moral hazard was a byproduct of private securitization market.

    Now our Central bank is loading its books with toxic debt by the hundreds of Billions and Democrats are crossing their fingers hoping their " too big to fail" narrative sticks
    Your definition of toxic must be rather.... liberal!

    Tell me Kush, your a intelligent guy, if there was actual " discrimination" , that is people were being denied loans based on the color of their skin, WHY did they have to lower lending Standards to fight it ?
    CRA is not about lowering lending standards. You know this already.

    And your statement on GOP regulations is ridiculously irrellevent.
    It is simply a matter of fact.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Conservative View Post
    Of course you don't see how inefficient your govt. is nor do you understand human behavior at all. Give people something they believe is free and there is no incentive to lower costs thus what you get with ACA is higher costs, massive debt, and fewer doctors.
    We have incentive in the free market in medicine to lower costs. Doctors order tests they don't really need. It benefits them to do so, and Americans actually believe doing more is better when the opposite is often true. So, I would argue you don't understand the nature of medicine in the market place.

    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
    Ok, well then you will get this when you get back.

    I can appreciate your wanting to use your "brother" as an example of the whole, but I am going to look at the information available.

    It seems to me, the "making of a doctor" is not an overnight process. My understanding is it takes many years of medical school, internship, etc. in order to be allowed to practice medicine in the United States. I'm guessing qualified Doctors should have entered medical school about the time Bush was elected to his second term in order to be qualified to practice on any of the new patients Obamacare will be covering in the near future.
    It does take many years of school, as does other things that are less profitable. No one has a "right" to make any money, let alone a lot of money. But that misses the point, no one is asking that doctors go into the poor house. But reform, that lowers cost, is likely to have SOME effect. So, that in and of itself isn't anything to lose our minds over. Using you're numbers, which or not really anymore sound than mine, shouldn't scare doctors. They will still be making an excellent reward on their investment.

    Now, as for the doctor shortage, of course it isn't instant, which is why other health personal (a cheaper and sometimes even a more efficient option) will also play a role. Few things in life are instant, but you still have to take a step before you can get anywhere. We've spent a lot of years doing nothing. I'm willing to live through messy if it moves forward.

    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.

  8. #1318
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    Yes, your opinion noted, problem is facts get in the way of your personal opinion and support for failed leadership in Obama. You really need to get over your BDS. the govt set record tax revenue collection in 2007 with the Bush tax cuts so that dog don't hunt any more. Obama budgets and high unemployment led to the deficits we have today. Obama has never had a deficit less than a trillion
    Yes, how to lie with statistics 101...wait until the economy gets big enough that the resulting tax revenue is a record and declare victory. While it is true that IRS income tax collections set a record in 2006 and 2007, that record came 7 years after the previous record set inn 2000, and represented only a 14% increase over the tax receipts of 2000, yet GDP rose over the same period by 40%.

    The fact is (you like facts...oh sorry, you hate facts that don't fit with your argument) the Bush tax cuts significantly cut income tax revenue. They fell by 21% from 2000 to 2003 and then took three more years, to 2006, to reach 2000 levels....meanwhile GDP climbed by near 40%. In 2007, income tax receipts were 8.4% (the highest level post Bush tax cuts) and lower than the 10 year average income tax / GDP collection pre-tax cut (see table).

    Had income tax levels remained at the 8.5% of GDP level, current tax collections would be $250B higher (almost 1/2 of the current deficit) and our debt would likely have been $2 to 2.5T lower...

    Tax revenue - before and after bush tax cuts.jpg

    Sorry, no credible economist believes the Bush tax cuts were anything but deficit builders. Remember, the whole tax cut program was designed to eliminate the surplus.... of course, if there wasn't much of a surplus, a surplus destroyer is going to create deficits. All in, there was a $12T delta between forecast and actual results.

    http://articles.washingtonpost.com/2...-national-debt


    The $12 Trillion Misunderstanding | RealClearPolitics

    ---nice footing error, George. After delivering the biggest forecast bust in world history we are suppose to trust the Republicans with our finances? Right. Why do you think they call them Cons?
    Last edited by upsideguy; 07-16-13 at 01:32 AM.

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

    Quote Originally Posted by ocean515 View Post
    Ok, well then you will get this when you get back.

    I can appreciate your wanting to use your "brother" as an example of the whole, but I am going to look at the information available.

    It seems to me, the "making of a doctor" is not an overnight process. My understanding is it takes many years of medical school, internship, etc. in order to be allowed to practice medicine in the United States. I'm guessing qualified Doctors should have entered medical school about the time Bush was elected to his second term in order to be qualified to practice on any of the new patients Obamacare will be covering in the near future.

    Some reading:

    By Denis Cortese
    President and CEO, Mayo Clinic
    To create meaningful health care reform that benefits patients, every stakeholder will have to rethink their role. As providers, we need to shift our primary focus from providing episodic care for the ill to providing continuing, preventive, coordinated care that keeps people health. There will always be a need for treating the ill, but that should not be the basis of a heatlh care system.
    Reforming payment to reward coordinated care that creates value (better outcomes, better safety and better service) is something we at Mayo Clinic are excited about. This strategy aligns with the Mayo Clinic Health Policy Center cornerstones for health care reform -- Create Value, Coordinate Care, Reform the Payment System, and Provide Health Insurance for All. These cornerstones are the result of a consensus process involving more than 2,000 representatives of stakeholder groups inlcuding patients and families.

    Will Health Care Reform Squeeze Doctors? - Health Care Experts

    PROVISIONS AFFECTING PRIMARY CARE PHYSICIAN PROVIDERS
    Healthcare reform is also addressing the looming shortage of primary care providers. To encourage more medical students to concentrate on primary care, healthcare reform provides for expanded funding for scholarships and loan repayments for primary care providers working in underserved areas beginning in 2011. To supplement workforce shortages, reform initiatives will also expand primary care and nurse training programs, such as the Medicare Graduate Medical Education Program, beginning in July 2011.10 Primary care providers (pediatricians, family physicians, and internists) will also receive increased Medicaid payments starting in 2013, gradually increasing to Medicare payments levels by 2014.11

    (Snip)

    CONCLUSION
    Overall, changes to the US healthcare delivery system under the reform initiatives are intended to improve the quality of care delivered to patients, as well as to reign in healthcare costs and increase patient access. Many physicians are critical of healthcare reform for failing to address issues regarding: the Medicare Sustainable Growth Rate (SGR); increases in the cost of pharmaceuticals production; and, changes to the Medicare benefit structure for patients.14 While time will tell who the ultimate winners and losers will be, amid the looming uncertainty of reform, one thing remains clear healthcare reform must be viewed as a process rather than as a single event. This series will continue to explore this process in the next issue with a discussion regarding the impact of healthcare reform on employers.

    http://www.healthcapital.com/hcc/new...11/effects.pdf

    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.

  10. #1320
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Boo Radley View Post
    We have incentive in the free market in medicine to lower costs. Doctors order tests they don't really need. It benefits them to do so, and Americans actually believe doing more is better when the opposite is often true. So, I would argue you don't understand the nature of medicine in the market place.
    I would argue that you lack basic logic and common sense as well. Doctors order tests for fear of being sued and if you believe a govt. run program is going to be any better you really are very nave.

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