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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
    Yet I posted the statement that a law was passed in Feb of this year providing for a national minimum wage something we don't even have in this country. States are authorized to create their own here just like in China. What you seem to have a problem with is you were caught making a bogus claim and refuse to admit it
    Then WTH is this:
    http://www.dol.gov/whd/minimumwage.htm

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

    Kushinator;1062109094]Already answered.

    You qualified your answer, the answer is Obamanomics is a failure as the economic numbers show.


    I made no reference to textbooks. If you cannot address my comments without projecting my position, i will simply highlight the instance and not respond to your point.
    You don't have to reference them because that is all you post, charts and graphs from textbooks



    It is my opinion that the majority of the problems he inherited have been corrected. All that is left is job creation.
    Yet the economic numbers say differently. All the govt. did was reward bad behavior so how is that corrected? What changes have the banks made



    The same banks that didn't want TARP went back for round 2. They also made great use of the liquidity facilities provided by the Fed, e.g. TALF, CPLF, etc....
    An example that you don't know what you are talking about showing that the banking industry wasn't collapsing just like the auto industry wasn't collapsing because GM/Chrysler were in trouble. A manufactured crisis that only rewarded bad behavior

    Former Wells Fargo CEO: The FED forced us to take TARP money when we didn't want or need it | Peace . Gold . Liberty

    The Buzz: Banks that said no to TARP still happy they did so - Sep. 15, 2010



    Ad Hom
    Grow a pair



    How much demand does welfare and foodstamp disbursments create? By providing people who have very low incomes some sort of support, does it create economic activity, AKA do they spend it?
    Very little if any and certainly not enough to create economic growth and job creation as the numbers show



    You don't know what a toxic asset is. If they were purchasing toxic assets, the treasury would be on the hook for the losses incurred in the purchases. Instead, the Fed has handed hundreds of billions of dollars back to the treasury since credit easing activities began. This means that they have not been purchasing Toxic Assets.
    Better look up the definition of QE. I would have thought someone like you who spends all their time with their nose in the books would know that


    So consumer confidence remains at record lows thanks for confirming that
    Just so i don't have to explain it later over 50 means expansion.


    Ad hom
    Truth hurt?


    Ad hom.
    Statement of fact


    That chart doesn't address ALL homeowners thus your statement is false and should have stated that home owners in those selected cities are under water


    Then there was no need to bring up the dot-com bubble, recession, and 9/11.
    Then stop blaming Bush for problems that "your" President cannot correct and still ignores


    Now the deficit is going to be $800 billion? It went from over a trillion, to less to a trillion, and now around 800 billion or more.
    Obama proposed a 3.77 trillion dollar budget thus has nothing to do with any deficit reduction

    The economy is driven by the private sector. It is silly to believe the economy requires the president to increase demand.
    Yes, then tell "your" President to stop creating policies that stifle it. The President's economic policies are keeping the economy from expanding. Predictions are that it may even be contracting again. Just goes to show what happens when you put a community agitator who lacked executive and private sector experience in the office



    Republicans wouldn't agree to anything without tax breaks.
    Nor should they



    The president obviously has environmental concerns. Not that i necessarily agree with many of them, but i believe his current policy will have a limited impact on employment.
    As if the people of Nebraska and W. Va don't? Obama's approval rating in W. Va is in the low 30's. Why?


    Ad hom

    Your opinion noted


    No it does not. When money is used to pay down debt, it creates a contraction in the money supply. When many people begin paying back debt, saving more, it reduces consumption and investment, and imports. This is how the recession began in December 2007.
    So the money used to pay down debt just disappears? Where did you get your education again? What does the company owed that debt do with the money? Where does investment capital come from?



    All the government can do is ease the pain. It is up to the private sector to do the rest.
    That message hasn't gotten to the Obama Administration as they are fueling the pain. There are over 2 million less people employed today than when the recession began and after adding trillions to the debt we have 177,000 fewer people unemployed. That is a disastrous record and would get you fired in the private sector



    Depends on how you define disaster. Does GDP at $9 trillion qualify for a disaster?
    Govt spending as a component of GDP has doubled its contribution to GDP and has done nothing but add to the debt

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

    Quote Originally Posted by Conservative View Post
    Yet I posted the statement that a law was passed in Feb of this year providing for a national minimum wage something we don't even have in this country. States are authorized to create their own here just like in China. What you seem to have a problem with is you were caught making a bogus claim and refuse to admit it
    It is the difference between what is said, and what the reality is. YOUR link, not mine, says the reality is that there is no national minimum wage. I asked that you read your own link for meaning.

    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 Boo Radley View Post
    Don't be silly. It's how arguments are done. Instead of name calling and being childish, form a rebuttal.
    I have no desire to enter into an "argument" with someone who thinks his opinion is the only one that is right, and can't be bothered to open his mind....Good day.
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Boo Radley View Post
    You're not
    thinking. There are many things that happen beyond a presidents control. The list is just a few. Add outsourcing, automation, the hosing bubble. Think it through.

    And read all of it, including the like earlier concerning taxes and regulations.

    Let me clarify something for you.

    Making excuses 5 years in after 7 Trillion in new debt, Trillions in new printing, increased poverty and increased dependence is not the same as " thinking".

    Actually its quite the opposite as youv'e ignored glaring exapmles of Obama's incompetence time and time again.

    Natural disasters ? They happen in every Presidency. The Housing Collapse ? If you weren't so purposely ignorant you would know your President used to go around suing banks in Chicago for " discrimination " and was #3 on the list of Politicians that recieved the highest campaign contributions from the corrupt and Democrat run Fannie Mae.

    You would know that the collapse was madated by policies pushed by Clinton and the Democrats and that Obama's actually started those policies back up through FHA.

    So your'e the only one not thinking, not us.

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

    Quote Originally Posted by j-mac View Post
    I have no desire to enter into an "argument" with someone who thinks his opinion is the only one that is right, and can't be bothered to open his mind....Good day.
    Oh j, so what you really want is to sing to the choir, to be stroked?

    Argument is about difference of opinion. I laid my out. You merely said, and I paraphrase, liberals are bad.

    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 Boo Radley View Post
    Oh j, so what you really want is to sing to the choir, to be stroked?

    Argument is about difference of opinion. I laid my out. You merely said, and I paraphrase, liberals are bad.
    No, I was clear, maybe you should re read it for clarity.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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

    Quote Originally Posted by Fenton View Post
    Let me clarify something for you.

    Making excuses 5 years in after 7 Trillion in new debt, Trillions in new printing, increased poverty and increased dependence is not the same as " thinking".

    Actually its quite the opposite as youv'e ignored glaring exapmles of Obama's incompetence time and time again.

    Natural disasters ? They happen in every Presidency. The Housing Collapse ? If you weren't so purposely ignorant you would know your President used to go around suing banks in Chicago for " discrimination " and was #3 on the list of Politicians that recieved the highest campaign contributions from the corrupt and Democrat run Fannie Mae.

    You would know that the collapse was madated by policies pushed by Clinton and the Democrats and that Obama's actually started those policies back up through FHA.

    So your'e the only one not thinking, not us.

    What I'd like to know is how liberal/progressives like Boo get away with saying on the one hand that Obama has literally little to no control over what happens in the economy, yet on the other hand, listening to them Bushhhhhhhhhh squandered a surplus (that never really existed) and drove the country to depression....

    This duality of opinion driven by political ideology is transparent, and the only way they get away with it is by talking in circles....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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

    Quote Originally Posted by Fenton View Post
    Let me clarify something for you.

    Making excuses 5 years in after 7 Trillion in new debt, Trillions in new printing, increased poverty and increased dependence is not the same as " thinking".

    Actually its quite the opposite as youv'e ignored glaring exapmles of Obama's incompetence time and time again.

    Natural disasters ? They happen in every Presidency. The Housing Collapse ? If you weren't so purposely ignorant you would know your President used to go around suing banks in Chicago for " discrimination " and was #3 on the list of Politicians that recieved the highest campaign contributions from the corrupt and Democrat run Fannie Mae.

    You would know that the collapse was madated by policies pushed by Clinton and the Democrats and that Obama's actually started those policies back up through FHA.

    So your'e the only one not thinking, not us.
    Debt is another issue. We're talking about the economy. Jobs. These things. No president can control these. No president can create jobs without hiring and spending money. It grows the debt, but it is all a president can do.

    The economy responses to a multitude of factors, few of which government has anything to do with. Instead of reading all that was linked and referred to, you limit your response to what you think will most marginalize my argument. This is a poor tactic, mostly because 1) it shows you haven't read it all and 2) doesn't dispute the the effect of other factors.

    You then turn to moving the goal posts. We're not talking about the debt, which is a separate issue.

    As for the collapse, you also fail to recognize other players. I could present something like this:

    Bush drive for home ownership fueled housing bubble

    http://www.nytimes.com/2008/12/21/bu...anted=all&_r=0

    But I actually believe many are responsible. Not just democrats and republicans, but greedy lenders, unrealistic borrowers, and a silly belief that prices would never go down.

    But here's some reading for you:

    Most of the economists we spoke to agreed that the recession was caused most directly by long-term trends, especially a bust in housing prices and high energy prices, rather than by political factors.

    "The Democrats can be blamed for setting the economy on a bubble-driven path in the 1990s, but the Republicans cannot escape blame for continuing this path and allowing an even larger and more dangerous bubble to develop in the first decade of the 21st century," said Dean Baker, an economist with the liberal Center for Economic and Policy Research. "Is Rep. Foxx claiming that if we just left the Republicans in control, the housing bubble would still be growing so that we would have an even greater disaster to look forward to at the point when it finally collapsed?"

    (snip)

    "Anyone who tries to link the ups and downs in business to something happening in D.C. is obligated to explain what it is that happened," Reynolds said. "Otherwise, it's likely random luck. Politicians are not as important as they like to think they are."

    We agree. The evidence shows that the economy did not "nose dive" for at least a year after the Democrats took control of Congress, and experts of various ideological backgrounds agree that long-term trends in the housing and energy markets played a bigger role in directly causing the recession. While what happens in Washington can certainly influence the economy, it is only one of many factors. We believe it is the height of partisan wishful thinking to imply that one party's accession to power in Congress is to blame for a major recession. Pants on Fire!

    PolitiFact | Foxx blames recession on Democratic Congressional takeover




    http://www.uvu.edu/woodbury/jbi/volu...singBubble.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. #1930
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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by j-mac View Post
    No, I was clear, maybe you should re read it for clarity.
    You meant that either or? But that's a fallacy. There are positions inbetween. So, I explained how it works. Now, you could come back with a rebuttal, if of course you have one.

    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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