Page 109 of 128 FirstFirst ... 95999107108109110111119 ... LastLast
Results 1,081 to 1,090 of 1274

Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

  1. #1081
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Today @ 02:37 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by j-mac View Post
    All I can say as a lay person concerning economics mmi, is that if they have "flooded the banks" and they sat on the money, good for them! Because I remember learning early on in life, that if money is flooded into the economy and inflation inevitably occurs, that money has to be clawed back in....This way they should be able to remove the excess relatively easy, IF what is being reported is the truth...I am really not qualified to speak to in depth analysis though.
    Only if that money increases demand, and if the increase in demand outstrips our ability to increase supply.

    Inflation is caused by a too few goods for the amount of demand.

    Now lets say that the bank lent me some money so that I could purchase a new truck. Why would that be inflatinary? I purchase a truck off the lot, the factory hires another worker and produces another truck. Now if we had a shortage of workers, then employers would have to compete harder and harder for employees, payrolls would increase, and we might would have some cost driven inflation, but at this particular point in time, we don't have a worker shortage.

    We aren't likely to have a shortage of workers any time soon either - as we replace more and more workers with more and more technology, we will likely have excess workers forever, also, as long as we are competing in a global economy, companies are able to access more and more workers.
    Last edited by imagep; 05-13-14 at 07:41 PM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  2. #1082
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Today @ 03:28 PM
    Gender
    Lean
    Conservative
    Posts
    30,306

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by imagep View Post
    Only if that money increases demand, and if the increase in demand outstrips our ability to increase supply.

    Inflation is caused by a too few goods for the amount of demand.

    Now lets say that the bank lent me some money so that I could purchase a new truck. Why would that be inflatinary? I purchase a truck off the lot, the factory hires another worker and produces another truck. Now if we had a shortage of workers, then employers would have to compete harder and harder for employees, payrolls would increase, and we might would have some cost driven inflation, but at this particular point in time, we don't have a worker shortage.

    We aren't likely to have a shortage of workers any time soon either - as we replace more and more workers with more and more technology, we will likely have excess workers forever, also, as long as we are competing in a global economy, companies are able to access more and more workers.
    How did that thinking work out for Weimar?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  3. #1083
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Today @ 02:37 PM
    Gender
    Lean
    Independent
    Posts
    23,584

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by j-mac View Post
    How did that thinking work out for Weimar?
    Weirmar was invaded by France because they were defaulting on their war reparations. France shut down the manufacturing segment in Weirmare, and prices rapidly increased due to not having ample goods to satisfy demand.

    Every single instance of hyperinflation that has ever existed was caused by some sort of shortage in supply.

    What does that have to do with our situation? You expected to get invaded by France?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  4. #1084
    Banned
    Join Date
    Apr 2014
    Location
    is everything
    Last Seen
    02-19-17 @ 09:50 AM
    Gender
    Lean
    Liberal
    Posts
    4,810

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by American View Post
    A good example of that is the passage of Obamacare. The part-time job industry must be booming now.
    Since January 2010, full-time jobs have increased from 110.5 million to 118.4 million, while part-time employment has dropped from 27.7 million to 27.3 million.

    The average workweek has moved in a very narrow range most of the time in recent years. We took it on the chin for a few months beginning in the fall of 2008, part of a general near-collapse, and it took a couple of years to get back to a decent number. Since that time, it's about as boring a time series as you could imagine.



    Quote Originally Posted by j-mac View Post
    All I can say as a lay person concerning economics mmi, is that if they have "flooded the banks" and they sat on the money, good for them! Because I remember learning early on in life, that if money is flooded into the economy and inflation inevitably occurs, that money has to be clawed back in
    Well, my Ph.D. in Economics got lost in the mail, so I can't speak with any great authority either.

    >>I am really not qualified to speak to in depth analysis

    That never seems to stop people from expressing their views in these groups, or even much slow 'em down. And of course, the best analysts in the world will still argue over stuff like this. Is QE a good idea? Opinions differ. And more to the point, how much and for how long?

    >>This way they should be able to remove the excess relatively easy, IF what is being reported is the truth.

    First, I'd say you can count on it being the truth. These people don't lie. Yes, the political advisors will try to get Geithner types to express things in a certain way when impressionables are watching on Sunday mornings. But hell, it ain't no lie. The relationship between the Social Security Trust Funds and the "on budget" general revenue accounts is pretty widely understood. The closer you get to PoliticianSpeak, the more you need to caveat voter. We all know that, right? Politicians who tell the flat-out truth tend to have very short careers. We all love 'em when they come along, but they're rare birds. Kerry of Nebraska and Rudman of New Hampshire come to mind.

    But the issue to take note of is that this is likely to be anything but easy. Yellen and associates are out on a tightwire with the world economy on their shoulders. We'd better hope they have good balance. In my view, this presents an informative contrast to the way Mr. Reagan would have done things. He may well have supported harsher medicine. Obama is one to try to smooth things over more. If we can skate by, he will have done the nation a great service. For all our troubles getting out of the Great Recession, and believe me I know some people got hurt very badly and some continue to be, the damage could have been a lot worse and a lot more widespread.

    Finally, on this question of promoting the general welfare, well, you know how things have gone. The Court had a period of fairly liberal interpretation of the Fourteenth Amendment, which seems to be the relevant item here. For example:

    "… legislation that affects public education in the United States. The Congress has power to do this under the 'Commerce' and 'General Welfare' clauses of the U.S. Constitution. — The Role of the Federal Government in Public Education in the United States
    Last edited by mmi; 05-13-14 at 11:37 PM. Reason: removed hyphen from "tightwire"

  5. #1085
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by mmi View Post
    Since January 2010, full-time jobs have increased from 110.5 million to 118.4 million, while part-time employment has dropped from 27.7 million to 27.3 million.

    The average workweek has moved in a very narrow range most of the time in recent years. We took it on the chin for a few months beginning in the fall of 2008, part of a general near-collapse, and it took a couple of years to get back to a decent number. Since that time, it's about as boring a time series as you could imagine.





    Well, my Ph.D. in Economics got lost in the mail, so I can't speak with any great authority either.

    >>I am really not qualified to speak to in depth analysis

    That never seems to stop people from expressing their views in these groups, or even much slow 'em down. And of course, the best analysts in the world will still argue over stuff like this. Is QE a good idea? Opinions differ. And more to the point, how much and for how long?

    >>This way they should be able to remove the excess relatively easy, IF what is being reported is the truth.

    First, I'd say you can count on it being the truth. These people don't lie. Yes, the political advisors will try to get Geithner types to express things in a certain way when impressionables are watching on Sunday mornings. But hell, it ain't no lie. The relationship between the Social Security Trust Funds and the "on budget" general revenue accounts is pretty widely understood. The closer you get to PoliticianSpeak, the more you need to caveat voter. We all know that, right? Politicians who tell the flat-out truth tend to have very short careers. We all love 'em when they come along, but they're rare birds. Kerry of Nebraska and Rudman of New Hampshire come to mind.

    But the issue to take note of is that this is likely to be anything but easy. Yellen and associates are out on a tightwire with the world economy on their shoulders. We'd better hope they have good balance. In my view, this presents an informative contrast to the way Mr. Reagan would have done things. He may well have supported harsher medicine. Obama is one to try to smooth things over more. If we can skate by, he will have done the nation a great service. For all our troubles getting out of the Great Recession, and believe me I know some people got hurt very badly and some continue to be, the damage could have been a lot worse and a lot more widespread.

    Finally, on this question of promoting the general welfare, well, you know how things have gone. The Court had a period of fairly liberal interpretation of the Fourteenth Amendment, which seems to be the relevant item here. For example:

    "… legislation that affects public education in the United States. The Congress has power to do this under the 'Commerce' and 'General Welfare' clauses of the U.S. Constitution. — The Role of the Federal Government in Public Education in the United States
    If all this was true, our economy would be better. Sorry, something stinks in the data. We also have a lower percentage of the able workforce working. If things were as good as they say, this economy should be steamrolling along at a hell of a lot more than a 2% average growth.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  6. #1086
    Educating the Ignorant
    zimmer's Avatar
    Join Date
    Dec 2008
    Last Seen
    Today @ 03:53 PM
    Lean
    Conservative
    Posts
    14,477
    Blog Entries
    12

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Helix View Post
    monthly jobs report. rage or rejoice.
    Quote Originally Posted by Your Star View Post
    Don't know why anyone would rage; more jobs is a good thing.
    Quote Originally Posted by Helix View Post
    teamsports. when your side has the presidency, economic reports are lauded or explained away. when out of power, every job report, good or bad, is horrible. good job reports are a conspiracy to cover up the weakness of the real economy.

    it switches back and forth. i post these threads as an experiment to see how individuals react now as a comparison point to how they will react to similar job reports once their side is out of power / back in power. should be fascinating.
    92 million folks not working.

    It would be nice if our government started telling the straight poop, and quit idiocies like baseline budgeting and fudged unemployment numbers. We don't need shell games... straight facts... hard numbers will do just fine.

    Obama is an economic illiterate, he bought into the idiocies of Marx... and it shows.
    My favorite lines from the moron are (paraphrasing)... "now is not the time for profits", and "businesses should take loans to meet payroll". I mean really folks... those are some heavy forehead slapping moments. They're Miss Amerika moments.

    To tell you that things are not just fine... Demokrat pollsters told their party not to use the word "recovery" in their coming election. Why? Because there isn't one.

    Pollsters Stan Greenberg and Erica Seifert, of Greenberg Quinlan Rosner, and Democratic strategist James Carville write in a research document for Democracy Corps that their party’s current frame for the 2012 race is not effective. Based on focus groups in Ohio and Pennsylvania, the strategists argue that voters are simply not convinced that the economy is on the move and it’s a mistake to try and tell them otherwise.

    These voters are not convinced that we are headed in the right direction. They are living in a new economy – and there is no conceivable recovery in the year ahead that will change the view of the new state of the country.
    The share of Americans in the workforce has sunk to its lowest point in 35 years

    Read more: More Americans than ever before are not working: 92 million people out of the workforce | Mail Online
    Last edited by zimmer; 05-14-14 at 07:01 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  7. #1087
    Banned
    Join Date
    Apr 2014
    Location
    is everything
    Last Seen
    02-19-17 @ 09:50 AM
    Gender
    Lean
    Liberal
    Posts
    4,810

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by zimmer View Post
    Obama is an economic illiterate
    In light of the content of yer post, that handed me the laugh I can use to start the AM. Thanks!

    >>pollsters told their party not to use the word "recovery" in their coming election

    Seems to have worked we won OH and PA easily. Guess we run better campaigns. ☺

  8. #1088
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    The economy lost 73,000 jobs last month, the GDP grew by only 0.1% in the first quarter and consumer spending was only up 0.1% for April.

    Anyone that says the economy is humming along or even doing okay as of right now is, IMO, dreaming.

  9. #1089
    Banned
    Join Date
    Apr 2014
    Location
    is everything
    Last Seen
    02-19-17 @ 09:50 AM
    Gender
    Lean
    Liberal
    Posts
    4,810

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by American View Post
    If all this was true, our economy would be better.
    All true. Why do you say it would be better?

    >>Sorry, something stinks in the data.

    No need to be sorry. Conditions are what they are.

    >>We also have a lower percentage of the able workforce working.

    Very marginally lower, and has little impact.

    >>If things were as good as they say, this economy should be steamrolling along at a hell of a lot more than a 2% average growth.

    Again, what do you base that on?

  10. #1090
    Banned
    Join Date
    Apr 2014
    Location
    is everything
    Last Seen
    02-19-17 @ 09:50 AM
    Gender
    Lean
    Liberal
    Posts
    4,810

    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by DA60 View Post
    The economy lost 73,000 jobs last month
    Have you noticed the title of this thread?

    GDP for the quarter was a disappointment, largely weather-related. We'll just have to hope for better ones ahead.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •