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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 j-mac View Post
    Oh please...The failed Pelosi argument? That's all you got?
    Pelosi namedrop. Everybody drink!
    Freedom of speech is not freedom from criticism.

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

    Quote Originally Posted by j-mac View Post
    Oh please...The failed Pelosi argument? That's all you got?
    This is not any form of failed argument:

    have a multiplier effect of 2.0: for every dollar spent on unemployment insurance, this report finds an increase in economic activity of two dollars.

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

    Quote Originally Posted by danielpalos View Post
    This is not any form of failed argument:
    So tell us how that multiplier effect is working today as we have stagnant economic growth and people collecting unemployment benefits for almost 2 years according to law? Do you have any idea where the money comes from to pay those unemployment claims? One would think that with record high unemployment and your claims along with Pelosi's that we would have a booming economy right now. Let's just make more unemployed because the record high numbers now just aren't enough

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

    Quote Originally Posted by Conservative View Post
    So tell us how that multiplier effect is working today as we have stagnant economic growth and people collecting unemployment benefits for almost 2 years according to law? Do you have any idea where the money comes from to pay those unemployment claims? One would think that with record high unemployment and your claims along with Pelosi's that we would have a booming economy right now. Let's just make more unemployed because the record high numbers now just aren't enough
    In case you missed it, it only works as long as it is available; where do you believe they got the numbers for the study?

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

    Quote Originally Posted by danielpalos View Post
    This is not any form of failed argument:
    Sure it is, and laughably so..
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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

    Quote Originally Posted by j-mac View Post
    Sure it is, and laughably so..
    why do you believe a positive multiplier effect is a failed argument, instead of merely resorting to fallacy?

    have a multiplier effect of 2.0: for every dollar spent on unemployment insurance, this report finds an increase in economic activity of two dollars.

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

    Quote Originally Posted by danielpalos View Post
    In case you missed it, it only works as long as it is available; where do you believe they got the numbers for the study?
    Have you considered the fact that many people are book smart and street stupid? I have no idea where the govt. got the numbers but apparently they came from the same place that stated that the stimulus program would prevent unemployment from exceeding 8%. Unemployment destroys incentive for a lot of people and therefore discourages people from working. Further too many people don't understand human nature and don't realize what people spend their unemployment insurance on

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

    Quote Originally Posted by danielpalos View Post
    why do you believe a positive multiplier effect is a failed argument, instead of merely resorting to fallacy?
    Because it is theory and doesn't always work the way the books say, humans are involved not robots.

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

    Quote Originally Posted by danielpalos View Post
    This is not any form of failed argument:
    That which is seen. Of course the people who collect the proceeds from the claims of unemployment spend them. Sure, they can buy groceries and cars, pay rent, etc. What you're not seeing though is that the people paying the premiums are not able to do these things with the money.

    The government is not creating demand, it is transferring it.

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

    Quote Originally Posted by Conservative View Post
    Have you considered the fact that many people are book smart and street stupid? I have no idea where the govt. got the numbers but apparently they came from the same place that stated that the stimulus program would prevent unemployment from exceeding 8%. Unemployment destroys incentive for a lot of people and therefore discourages people from working. Further too many people don't understand human nature and don't realize what people spend their unemployment insurance on
    I agree to disagree. Basic economics can be self-taught with enough practice with money. Means testing and subsistence programs do nothing to teach people how to be the best Capitalists they can be. Consider a hypothetical where EBT cards could be used with financial planners as well.

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