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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
    I posted the chart showing govt. expenditures and tax revenue during the Reagan term. Further since I lived and worked during both the Reagan term and the Obama term I speak from experience. Not only did GDP double, but tax revenue increased by about 60% with those tax cuts including significant growth in income tax revenue. No liberal in this thread has explained how that happened.

    The objective measure comes from bea.gov. as well as personal experience that shows personal behavior is never accurately explained by textbooks.
    I asked you to show the relative increases in spending between Reagan and Obama, you did not do that.....at all.

    This is the reality:






    Charts: What if Obama spent like Reagan?



    The fact will always be that the American people spending their own money will generate the job creation and economic growth for a prosperous economy.
    The problem still is that those with the massive reserves are not investing, those that usually spend their incomes are not able to because of income/wealth declines.
    Last edited by Gimmesometruth; 07-08-13 at 05:51 PM.
    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%

    A growing vibrant economy can support govt. spending and growth in that spending. The GDP doubled during the Reagan term and govt. revenue increased 60% due to over 17 million new jobs created. Too bad you have such a short memory. Any idea what the debt service is on the 1.7 trillion Reagan debt vs. the 6.2 trillion Obama debt?

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

    Quote Originally Posted by Gimmesometruth View Post
    I asked you to show the relative increases in spending between Reagan and Obama, you did not do that.....at all.

    This is the reality:






    Charts: What if Obama spent like Reagan?
    Is that why Obama has added 6.2 trillion to the debt vs Reagan's 1.7 trillion? How many jobs has Obama created, 17 million like Reagan? You have a very poor memory of what happened during the Reagan term because you probably weren't old enough to know what happened. I was there during both and old enough during both. Let me know when Bush had a 3.5-3.6-3.7 trillion dollar budget? Any idea what the Reagan budgets were?

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

    Quote Originally Posted by polgara View Post
    Doing great! Plus, with the titanium metal that's now incorporated in it, it's worth more in dollars than the other leg! :

    Just doing my part to improve the economy!
    Hmmm.

    So you're into metal.

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

    Quote Originally Posted by Conservative View Post
    A growing vibrant economy can support govt. spending and growth in that spending. The GDP doubled during the Reagan term and govt. revenue increased 60% due to over 17 million new jobs created. Too bad you have such a short memory. Any idea what the debt service is on the 1.7 trillion Reagan debt vs. the 6.2 trillion Obama debt?
    During Reagan's term is when the US went from a creditor nation to a debtor nation and the debt tripled.

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

    Quote Originally Posted by winston53660 View Post
    During Reagan's term is when the US went from a creditor nation to a debtor nation and the debt tripled.
    Yet we had a doubling of GDP, more personal spendable income, 60% increase in tax revenue to the govt. How did your claim hurt the average American during that period of time and in particular the 17 million new hires that Reagan economic created. Think Obama policies are geared to increase economic growth and job creation?

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

    Quote Originally Posted by Conservative View Post
    Is that why Obama has added 6.2 trillion to the debt vs Reagan's 1.7 trillion? How many jobs has Obama created, 17 million like Reagan? You have a very poor memory of what happened during the Reagan term because you probably weren't old enough to know what happened. I was there during both and old enough during both. Let me know when Bush had a 3.5-3.6-3.7 trillion dollar budget? Any idea what the Reagan budgets were?
    You continue to confuse debt with spending, you confuse total with % of GDP.

    The fact remains that Reagan tripled the debt and spent massively on military systems, those were stimulus to private corps, he was picking winners and losers, you remember only what you want.
    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 Gimmesometruth View Post
    You continue to confuse debt with spending, you confuse total with % of GDP.

    The fact remains that Reagan tripled the debt and spent massively on military systems, those were stimulus to private corps, he was picking winners and losers, you remember only what you want.
    LOL, yep, I always confuse where our tax dollars go which in the case of the current spending levels the debt service. Spending causes debt and always will. Don't spend and you won't have any debt. Reagan's spending was paid for by the revenue increases generated by 17 million new taxpayers. When will we see Reagan style economic growth under Obama?

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

    Quote Originally Posted by Mithros View Post
    Well I wouldn't really call that my opinion, it's more of an empirically derived statement that's backed up by the evidence.

    The Gini Index is reasonable approximation of wages / productivity. It's pretty clear that unemployment rises when productivity outpaces wages.

    Attachment 67150065
    And the effect of an aging population on the Gini Coefficient?

    Regardless, there are many variables that an analysis of inequality of values can fail to account for.

    Our gulf remains vast...

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

    Quote Originally Posted by Boo Radley View Post
    You couldn't prove that by anyone listening to you. understand, anyone's
    experience may be too narrow in focus, often not seeing the forest for the trees so to speak. You show repeatedly that you don't even know what the numbers you keep quoting mean.

    The fact remains, presidents do not control the economy.
    What a ridiculously ignorant statement.

    They do when they sign job killing bills like ObamaCare and Frank Dodd.

    They do when they mandate new regulations via FIAT that put bullseyes on American industries under the pretense of environmental catastrophe.

    They do when their FED appointee pumps TRILLIONS into the financial markets and loads up the Central bank books with toxic debt.

    They most certainly DO control economies.

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