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Thread: US economy adds 288,000 jobs in June

  1. #141
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by pinqy View Post
    I never said it did. When will you admit that the official definition NEVER did? They were not "removed" in 1994, because they weren't there to remove!
    My use of the official definition of unemployment referred to the U-3 rate now being used and the U-3 rate didn't and doesn't include discouraged workers, prior to 1993 it did because the official rate was U-4

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    There is no greater stimulus in a private sector economy than to allow people to keep more of what they earn. Govt. strings attached to any stimulus is nothing more than micromanagement and will lead to the failure we see today. Rebate checks aren't the answer and never will be, actual rate cuts are but not to big govt. liberals who don't believe people spend their own money right.
    Quote Originally Posted by Buddha C View Post
    Why would Anyone still be stupid enough to believe that tax cuts lead to Economic growth? Even that useless retard reagan, who instigated the trickle-down drivel, didn't believe that.

    ""Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government’s fiscal position. Spending cuts could then be sold as a necessity rather than a choice, the only way to eliminate an unsustainable budget deficit.""
    Quote Originally Posted by Conservative View Post
    What you fail to understand is that the problem we have is a spending problem not people keeping more of what they earn. Quite frankly I am getting tired of arguing for you to keep more of what you earn. Just send your paycheck to the govt. and maybe they will send back what they think you need to live on

    The 3.9 trillion dollar Federal Govt. budget never is a problem with liberals and certainly is never enough to provide for the liberal spending appetite. You see, liberals like you think only with your heart and as long as you are told it is spending in the name of compassion that is fine with you regardless of the fact that we aren't getting compassionate results

    What is compassionate about 12.1 percent of 156 million Americans not working, being under employed, or discouraged?
    But... I just posted how Republicans literally specifically increased the deficit (i.e. de facto spent more) just to hurt the country?

    I don't... you... the gymnastics o.0

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    But... I just posted how Republicans literally specifically increased the deficit (i.e. de facto spent more) just to hurt the country?

    I don't... you... the gymnastics o.0
    Don't expect someone with your leaning to understand economic growth, the components of our private sector economy, and the effects of economic growth on govt. revenue. Trying to understand exactly how cutting income taxes that led to a significant increase in govt. revenue caused the deficits? Hmmm, must be liberal math.

    Can you tell me that the 9 million jobs created from January 21, 2001 to December 31, 2007 would have happened without the tax cuts? You do realize that you if you are working are still paying less taxes today than then but that expenses today aren't the same as then. Tax cuts need to be reinforced

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by pinqy View Post
    Actually, by your own definition, you would have to prove my intent. Which, since you cannot know my intent since I did not state it and you cannot read my mind, then you cannot, by your own logic, accuse me of lying either.

    But then you're known for demanding a different standard of other people than yourself.
    Try reading...I did not say you lied...I said it appeared that you lied...huge difference.


    I will ask again, where is your proof of Williams intent to lie?

    If you cannot prove his intent, then I must assume that you enjoy defaming people?


    So where is your proof that John Williams of ShadowStats.com lied?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    My use of the official definition of unemployment referred to the U-3 rate now being used and the U-3 rate didn't and doesn't include discouraged workers, prior to 1993 it did because the official rate was U-4
    The U-4? The U-4 was people seeking full time work as a percent of the full time labor force. The official rate was the U-5: unemployed as a percent of the labor force.
    but in 1994 the alternative measures were redone and the official rate (U-5) was renamed the U-3. The definition had one minor change.

    The current U-4, unemployed plus discouraged as a percent of the labor force plus discouraged, didn't exist in any form before 1994.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    Try reading...I did not say you lied...I said it appeared that you lied...huge difference.
    Ah, then it appears you're a bully and an idiot. Note that I'm not accusing you of either...just saying you appear as both. is that how the game is played?
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    There is no greater stimulus in a private sector economy than to allow people to keep more of what they earn. Govt. strings attached to any stimulus is nothing more than micromanagement and will lead to the failure we see today. Rebate checks aren't the answer and never will be, actual rate cuts are but not to big govt. liberals who don't believe people spend their own money right.
    Only decreasing taxes on those who have a high spending or conversely low savings rate. In other words, cutting taxes on the middle class, not the rich.
    You can argue the fairness factor somewhere else, but the most effective way would be to lower the tax burden for lower income people, and make up for those lost revenues by taxing those who have an enormous savings rate: the rich
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    Economic Stimulus during Difficult times has worked for over 100 Years

    "In essence, during the course of the depression, Britain took the course of static supply adjustment while Germany stimulated effective demand and expanded industrial supply capacity by increasing and adjusting capital formation. For example, Germany dramatically increased investment with regard to social overhead capital, such as in the management of electric power transmission lines, roads, and railroads, while this input stagnated or decreased in Britain and the investment helped to stimulate industrial demand in Germany. The resulting difference in capital formation accounts for the divergent levels of industrial production in the two countries and the different growth rates during and after the depression.[36]"
    Really...economic stimulus helps? Interesting.

    Let's take the Great Depression

    Between 1930 and 1942, the national debt was TRIPLED.

    And what did America get for all this new debt?

    The DOW never got to more then 51% of it's pre-crash level.

    And the unemployment rate in 1939 was still FIVE times higher then it was before the crash.

    Doesn't sound too successful to me.


    And now let's look at austerity and how it worked during the 1920/21 depression:

    And the unemployment rate in 1939 was still FIVE times higher then it was before the crash.

    Dow Jones Industrial Average (1920 - 1940 Daily) - Charting Tools - StockCharts.com

    The Great Depression Statistics

    That is your idea of a 'Keynesian theory success'?

    Noted.


    Now compare it to the 1920/21 Depression.

    The Wilson/Harding administrations slashed spending (much of it war spending, granted). But between 1920 and 1923, they cut spending in half AND cut tax rates.

    What was the result?

    The unemployment rate was apparently 1.4% before the crash and 2.4% by 1923.

    And the DOW went from roughly 108 to about 105 by 1923.


    In short - Hoover/FDR handling of Great Depression+ (1930-40/41)...national debt triples, DOW barely reaches 1/2 of it's pre-crash level and unemployment is 5 times worse (in 1939) then it's pre-crash level.

    Wilson/Harding handling of 1920/21 Depression...national debt is cut by roughly 20%, both DOW and unemployment levels are back to near pre-crash levels within 3 1/2 years.

    http://www.debatepolitics.com/econom...post1061850091

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by pinqy View Post
    Ah, then it appears you're a bully and an idiot. Note that I'm not accusing you of either...just saying you appear as both. is that how the game is played?
    I will ask again, you called John Williams of ShadowStats.com a liar.

    Where is your proof that John Williams intended to deceive and thus lied?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    Really...economic stimulus helps? Interesting.

    Let's take the Great Depression

    Between 1930 and 1942, the national debt was TRIPLED.

    And what did America get for all this new debt?

    The DOW never got to more then 51% of it's pre-crash level.

    And the unemployment rate in 1939 was still FIVE times higher then it was before the crash.

    Doesn't sound too successful to me.


    And now let's look at austerity and how it worked during the 1920/21 depression:

    And the unemployment rate in 1939 was still FIVE times higher then it was before the crash.

    Dow Jones Industrial Average (1920 - 1940 Daily) - Charting Tools - StockCharts.com

    The Great Depression Statistics

    That is your idea of a 'Keynesian theory success'?

    Noted.


    Now compare it to the 1920/21 Depression.

    The Wilson/Harding administrations slashed spending (much of it war spending, granted). But between 1920 and 1923, they cut spending in half AND cut tax rates.

    What was the result?

    The unemployment rate was apparently 1.4% before the crash and 2.4% by 1923.

    And the DOW went from roughly 108 to about 105 by 1923.


    In short - Hoover/FDR handling of Great Depression+ (1930-40/41)...national debt triples, DOW barely reaches 1/2 of it's pre-crash level and unemployment is 5 times worse (in 1939) then it's pre-crash level.

    Wilson/Harding handling of 1920/21 Depression...national debt is cut by roughly 20%, both DOW and unemployment levels are back to near pre-crash levels within 3 1/2 years.

    http://www.debatepolitics.com/econom...post1061850091
    Do me a favor.

    Put me back on your ignore list, I will not deal with you.

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