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

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

    Quote Originally Posted by Conservative View Post
    My economic theory when allowed to be executed always works, it is called creating incentive and rewarding risk taking. Liberals don't like risk taking and want equal outcome. That has destroyed more economies than it will ever help. Ever stop and think what creates an average workers? Hmmm, how about average or below average effort?
    it was allowed to be executed. we gave Bush the tax cuts, which i supported at the time. we got a global economic collapse. and that pretty much happens every time we have this level of income inequality.

    US_BNKFAIL1211_SC.jpg

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

    Quote Originally Posted by Helix View Post
    it was allowed to be executed. we gave Bush the tax cuts, which i supported at the time. we got a global economic collapse. and that pretty much happens every time we have this level of income inequality.

    US_BNKFAIL1211_SC.jpg
    No, I am sorry but again you re-write history. The Bush tax cuts worked quote well when fully implemented in July 2003. What hurt the economy was the Democrat take over of Congress in November 2006 and control that they kept until January 2011. There has been an entire thread on who is to blame for the financial crisis and housing bubble and there is plenty of blame to go around. What you and others always ignore are the actual data that we had from 2003-2006. Apparently keeping more of what you earn is a problem yet I don't see you or anyone else making that claim sending in more than required to the Federal Govt.

    It wasn't the Bush tax cuts that caused the crisis and most intellectually honest individuals understand that

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

    Quote Originally Posted by Conservative View Post
    No, I am sorry but again you re-write history. The Bush tax cuts worked quote well when fully implemented in July 2003. What hurt the economy was the Democrat take over of Congress in November 2006 and control that they kept until January 2011. There has been an entire thread on who is to blame for the financial crisis and housing bubble and there is plenty of blame to go around. What you and others always ignore are the actual data that we had from 2003-2006. Apparently keeping more of what you earn is a problem yet I don't see you or anyone else making that claim sending in more than required to the Federal Govt.

    It wasn't the Bush tax cuts that caused the crisis and most intellectually honest individuals understand that
    it wasn't completely the Bush tax cuts. it was also the fact that in a consumer spending driven economy, it helps if most people have a certain amount of discretionary income. when GM was the largest employer, that was the case, especially in my area. when Walmart became the largest employer, not so much.

    either way, i don't buy the argument that supply side is the solution in every situation. when the top marginal rate is 91 percent, then yes, a tax cut might help. when it's 39 percent and there are all kinds of ways to skirt it and pay a much lower percentage, not so much. wealth flows both up and down. it's my opinion that we should be pushing demand side right now.

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

    Quote Originally Posted by Helix View Post
    it wasn't completely the Bush tax cuts. it was also the fact that in a consumer spending driven economy, it helps if most people have a certain amount of discretionary income. when GM was the largest employer, that was the case, especially in my area. when Walmart became the largest employer, not so much.

    either way, i don't buy the argument that supply side is the solution in every situation. when the top marginal rate is 91 percent, then yes, a tax cut might help. when it's 39 percent and there are all kinds of ways to skirt it and pay a much lower percentage, not so much. wealth flows both up and down. it's my opinion that we should be pushing demand side right now.
    You seem to believe what you are told. Do you know what the average salary is for a Wal-Mart employee and that they promote from within? Do you understand the benefits that the full time employees are offered and what their turn over rate is? Don't you think that if their pay and benefits were so bad that they would have thousands trying to get employment everytime a store opens up?

    Supply side is the only economic policy that makes any sense. What you don't seem to understand is that we have a 3.8 trillion dollar govt. with a 17.3 trillion dollar debt which costs us over 250 billion a year in debt service as part of the budget. Your outrage is focused on the wrong entity and should be on that massive central govt. that is being created. You think ACA, Minimum wage increases, regulations, higher taxes, postponing the Keystone Pipeline help create jobs?

    with regard to the tax rates, it really doesn't matter the rates but rather the percentage being paid and the fact that about 50% of income earning Americans don't pay any FIT. I don't support another dime going to the Federal Govt. until they cut the size back where it belongs, closer to 1.6 trillion dollars.

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

    Quote Originally Posted by Conservative View Post
    You seem to believe what you are told. Do you know what the average salary is for a Wal-Mart employee ...
    Less than GM.

    The point is that higher paying employers create a better economy than lower paying employers.
    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.

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

    Quote Originally Posted by imagep View Post
    Less than GM.

    The point is that higher paying employers create a better economy than lower paying employers.
    How many employees on the assembly line in a GM plant have a chance to manage their own store or even become part of management? Wal-Mart promotes from within, something liberals don't seem to understand

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

    Quote Originally Posted by Conservative View Post
    You seem to believe what you are told. Do you know what the average salary is for a Wal-Mart employee and that they promote from within? Do you understand the benefits that the full time employees are offered and what their turn over rate is? Don't you think that if their pay and benefits were so bad that they would have thousands trying to get employment everytime a store opens up?
    i have known several walmart employees. they were treated and paid like ****. not only that, but the complete lack of control over schedule made me mad enough that i don't shop there unless i absolutely have to. i would love to see the workers organize.

    Quote Originally Posted by Conservative View Post
    Supply side is the only economic policy that makes any sense. What you don't seem to understand is that we have a 3.8 trillion dollar govt. with a 17.3 trillion dollar debt which costs us over 250 billion a year in debt service as part of the budget. Your outrage is focused on the wrong entity and should be on that massive central govt. that is being created. You think ACA, Minimum wage increases, regulations, higher taxes, postponing the Keystone Pipeline help create jobs?
    i don't consider the ACA a good solution, i don't think minimum wage increases will do much of anything (though i would tie MW to inflation,) and i don't GAF about Keystone. sure, build it. i also don't support carbon taxes, as they are regressive. there should be a NASA style moonshot to replace oil, though, because it is a finite resource, a dirty technology, and it requires us to give money and be beholden to tinpot dictators and other assholes even if we produce more of our own oil.

    Quote Originally Posted by Conservative View Post
    with regard to the tax rates, it really doesn't matter the rates but rather the percentage being paid and the fact that about 50% of income earning Americans don't pay any FIT. I don't support another dime going to the Federal Govt. until they cut the size back where it belongs, closer to 1.6 trillion dollars.
    i support cutting the corporate rate below Europe, and collect it from both the big corporations and the small ones. i would raise all marginal rates back to 1990s levels, not just the rich. also, i would tax investment income as income above a cap. i'm negotiable about where to set that cap.

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

    Quote Originally Posted by Conservative View Post
    How many employees on the assembly line in a GM plant have a chance to manage their own store or even become part of management? Wal-Mart promotes from within, something liberals don't seem to understand
    Probably a lot, but I'm not an expert in the internal promotion policies of GM. So you think that GM wouldn't promote a line worker to department supervisor, or a department supervisor to shift superintendent, or a shift superintendent to operations manager, or a operations manager to plant manager or a plant manager to a VP spot, or a vp to a CEO?
    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.

  9. #1129
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Helix View Post
    i have known several walmart employees. they were treated and paid like ****. not only that, but the complete lack of control over schedule made me mad enough that i don't shop there unless i absolutely have to. i would love to see the workers organize.



    i don't consider the ACA a good solution, i don't think minimum wage increases will do much of anything (though i would tie MW to inflation,) and i don't GAF about Keystone. sure, build it. i also don't support carbon taxes, as they are regressive. there should be a NASA style moonshot to replace oil, though, because it is a finite resource, a dirty technology, and it requires us to give money and be beholden to tinpot dictators and other assholes even if we produce more of our own oil.



    i support cutting the corporate rate below Europe, and collect it from both the big corporations and the small ones. i would raise all marginal rates back to 1990s levels, not just the rich. also, i would tax investment income as income above a cap. i'm negotiable about where to set that cap.

    Why would anyone support more money going to a fat, bloated 3.8 trillion dollar Federal Govt? Until the govt. accounts for the trillions that go to it each year not another dime in taxes

    I competed against Wal-Mart and you are talking about a few disgruntled employees. Overall they do well with their people including most promotions from inside not the outside. Their pay isn't nearly as bad as you and others are led to believe. I have their pay structure and the percentage they promote from within.

    As for unions, they have outlived their usefulness decades ago and need to go the way of the dinosaur. We have laws to protect the workers and don't need a bloated union management all making well in excess of 6 digits to do what the laws do

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

    Quote Originally Posted by imagep View Post
    Probably a lot, but I'm not an expert in the internal promotion policies of GM. So you think that GM wouldn't promote a line worker to department supervisor, or a department supervisor to shift superintendent, or a shift superintendent to operations manager, or a operations manager to plant manager or a plant manager to a VP spot, or a vp to a CEO?
    GM is controlled by the unions and unions stifle individuality and growth opportunities. Unions now control about 11% of the work force, gee, wonder why?

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