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Thread: US unemployment lowest in 4 years

  1. #271
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    This played out when Chile hit a financial crisis in 1982:

    The social policies of all three governments were formed by a
    particularly difficult beginning. The Chilean economy went through a deep financial crisis in 1982,
    similar in severity to Argentina’s crisis of 2001. In 1982 and 1983, Chile’s GDP fell by 16 percent.
    The collapse of the financial sector cost Chilean taxpayers between 30 and 40 percent of GDP.
    Unemployment shot up to 30 percent. Around 50 percent of the population fell below the poverty
    line. Extreme poverty affected 30 percent of the population.
    Starting in 1985, the focus of economic policies shifted toward financial solvency and
    economic growth. Exports grew rapidly and unemployment went down. On the poverty front,
    however, results were less successful. People living below the poverty line still represented 45
    percent of the population in 1987. Additionally, a key decision by the Pinochet government to
    reduce taxes and government expenditures in 1988 had a further negative impact in social policies.
    The decrease in social expenditures was equivalent to 3 percent of GDP, resulting in severe
    deterioration in the coverage and quality of public health services, lower wages for teachers, and
    lower pensions for the elderly. http://info.worldbank.org/etools/doc...%20Summary.pdf
    So you compare the U.S. Economy to Chile? Wow, that might be one of the most ignorant statements I have seen in this forum. Let me give you a hint, this is a private sector economy and not Chile.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    Please learn comprehension, since I made it clear that it was the federal government's job to provide stimulus to states and localities for this very reason.
    That isn't the role of the Govt. Please cite where that is a federal responsibility in the Constitution?

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Redress View Post

    Really? So BLS shows that? What verifiable site shows the results of Stimulus and measures saved jobs?

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    No, your comment is a typical red herring. Part of the stimulus for states was designed to keep the states and local governments from laying off millions of more people or having big tax increases with the aid to education and health.

    I'm not addressing anything to do with shovel ready project nor does it correlate with my point. Moving along...

    Also, you keep mentioning GM/Chrysler bondholders which have nothing at all to do with topic. Another typical red herring. Moving along....

    Giving more tax breaks to private industry won't do a thing when many corporations are sitting on massive profits and are not hiring. Perhaps, tax incentives do give an incentive for small business to hire but I'm guessing that they will only hire if they have a need (as in customer base) if not, no amount of tax break will help. I say allow that incentive because it won't hurt. I would only attach that incentive with full time jobs.

    Giving hundreds of billions via Stimulus to States and local Govt "won't do a thing " either except just put off the inevitable. Without addressing the key issues of why our economy was and is STILL shrinking, any money doled out to Public Sector Unions is money wasted, unless of course your a Politician paying back your base.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Conservative View Post
    Really? So BLS shows that? What verifiable site shows the results of Stimulus and measures saved jobs?
    I just saw this on CNN. The Prime Minister of Greece is coming to visit Obama this week...to talk about ways to get the struggling Greek economy off the ground.... LOL !!!!
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Conservative View Post
    So you compare the U.S. Economy to Chile? Wow, that might be one of the most ignorant statements I have seen in this forum. Let me give you a hint, this is a private sector economy and not Chile.
    No, you just made the most ignorant statement not realizing Chile's economy was privatized in nearly all spheres including private pension funds and also had a very weak social safety net system at the time of the financial crisis in 1982. This is the place were privatization in government services started.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Conservative View Post
    That isn't the role of the Govt. Please cite where that is a federal responsibility in the Constitution?
    It doesn't have to be in the Constitution.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    No, you just made the most ignorant statement not realizing Chile's economy was privatized in nearly all spheres including private pension funds and also had a very weak social safety net system at the time of the financial crisis in 1982. This is the place were privatization in government services started.
    There is no comparison between the privatized economy of Chile and the privatized economy of the U.S. Too bad you don't understand that.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    It doesn't have to be in the Constitution.
    Just as I thought, you don't understand the responsibilities of the Federal Govt.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Fenton View Post
    Giving hundreds of billions via Stimulus to States and local Govt "won't do a thing " either except just put off the inevitable. Without addressing the key issues of why our economy was and is STILL shrinking, any money doled out to Public Sector Unions is money wasted, unless of course your a Politician paying back your base.
    Nearly all states experience severe economic conditions as the direct result of the economic meltdown and not due to unions. What a major red herring. Without federal dollars many more jobs would have been cut due to the recession.

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