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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 danielpalos View Post
    I am not sure I understand your point of view under our form of Capitalism, where it only takes money to make more money. In any case, you are omitting any positive multiplier effect as a form of investment in the general welfare; or do you believe investing also takes money from some and results in lower profits.
    Working people create a positive multiplier effect, not unemployed who buy basically the essentials and that isn't what drives our economy. You really should learn the four components of GDP and what each contribute and what makes up those components. Unemployed people don't invest in our economy, they survive on the essentials while taking money from those who produce and pay the taxes.

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

    Quote Originally Posted by danielpalos View Post
    because we are not solving simple poverty with it and closing that "full employment of resources" gap in our economy.
    I have not seen one proposal from you to do what you say, only normally one sentence responses that say the same thing over and over again, basically nothing. It isn't the govt. that is going to solve poverty, but rather the private sector

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

    Quote Originally Posted by Conservative View Post
    Working people create a positive multiplier effect, not unemployed who buy basically the essentials and that isn't what drives our economy. You really should learn the four components of GDP and what each contribute and what makes up those components. Unemployed people don't invest in our economy, they survive on the essentials while taking money from those who produce and pay the taxes.
    You may be missing the point about our form of Capitalism where it only takes money to make more money or generate a positive multiplier effect on our economy. Why do you believe any private sector would be worse off by solving for a simple poverty of money in our Institution of money based markets in our republic?

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

    Quote Originally Posted by Conservative View Post
    I have not seen one proposal from you to do what you say, only normally one sentence responses that say the same thing over and over again, basically nothing. It isn't the govt. that is going to solve poverty, but rather the private sector
    only because of your limited reading compression skills. private charity can only cover a multitude of sins not solve official poverty because only a public sector can do that whenever it is an externality to our Institution of money based markets.

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

    Quote Originally Posted by danielpalos View Post
    You may be missing the point about our form of Capitalism where it only takes money to make more money or generate a positive multiplier effect on our economy. Why do you believe any private sector would be worse off by solving for a simple poverty of money in our Institution of money based markets in our republic?
    You really don't understand capitalism, risk taking, investing personal cash, and wealth creation. It isn't the govt. that does that as evidenced by the results today, results that you ignore. We have over 100 million people dependent on taxpayers for some form of dependence excluding SS and Medicare yet we have stagnant economic growth, high total unemployment, high debt all hurting the economy and promoting massive govt. Noticed you ignored our Founders vision for America and interpreted the Constitution as liberals have defined it today, not as our Founders.

    How do you explain the small central govt. and part time legislature our Founders created? You simply ignore history and try to re-write it the way you want.

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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 really don't understand capitalism, risk taking, investing personal cash, and wealth creation. It isn't the govt. that does that as evidenced by the results today, results that you ignore. We have over 100 million people dependent on taxpayers for some form of dependence excluding SS and Medicare yet we have stagnant economic growth, high total unemployment, high debt all hurting the economy and promoting massive govt. Noticed you ignored our Founders vision for America and interpreted the Constitution as liberals have defined it today, not as our Founders.

    How do you explain the small central govt. and part time legislature our Founders created? You simply ignore history and try to re-write it the way you want.
    No, it isn't. It is simply, about spending money by more people that will create demand for more goods and more services, which may require more labor, gainfully employed and doing the same.

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

    Quote Originally Posted by Blue_State View Post
    So GDP went to 0.1% and we created 100's of thousands of jobs. Can we expect a boom in the next few months?
    Dunno.

    But remember, the 288K job creation number is not the only number put out by the BLS. They also said that - using a different form of computation/estimation - that 73,000 jobs were lost in April. And that the labor force shrunk by 806,000 people.

    Employment Situation Summary Table A. Household data, seasonally adjusted. 4th and 2nd lines, respectively.


    Both GDP and labor numbers were lousy.

    If it was 'the weather' - then it maybe an aberration (even though more then half of the nation's population never/rarely sees any snow).

    If it wasn't some 'my dog ate my homework' reason...we shall see.

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

    Quote Originally Posted by danielpalos View Post
    No, it isn't. It is simply, about spending money by more people that will create demand for more goods and more services, which may require more labor, gainfully employed and doing the same.
    What goods and services do unemployed people buy with their unemployment insurance? You simply have no idea what you are talking about. Still waiting for a valid proposal from you not bumper tag slogans.

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

    Quote Originally Posted by danielpalos View Post
    You seem to be begging the question and that I accept what you say as true. It seems like only fallacy, to me. Our government creates wealth merely by existing. It should be a self-evident Truth.
    Well, that's a new one on me. How about some examples? That is, of the government creating wealth, not taking money from citizens and spending it.
    "We have met the enemy and they are ours..." -- Oliver Hazard Perry
    "I don't want a piece of you... I want the whole thing!" -- Bob Barker

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

    Quote Originally Posted by Conservative View Post
    What goods and services do unemployed people buy with their unemployment insurance? You simply have no idea what you are talking about. Still waiting for a valid proposal from you not bumper tag slogans.
    They spend most of their income on consumables. Some may even pay some part of their rent or mortgage. Any increase in demand may require more labor to meet it. It really is that simple.

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