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Thread: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

  1. #421
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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    Okay, I see the flaw in what I said.

    What I said was true, but considering the over 65 LFPR is lower, that would drop the total LFPR.

    My apologies.
    So would you then say pointing out a higher participation rate amongst older people has, in actuality, very little to do with refuting the claim roughly half of the drop in the labor force participation rate is due to retirement?

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by FaceofBachmann View Post
    A generally prosperous society, without the extremes of poverty we see now, and a robust middle class.

    Anathema for conservatives, I know.
    Why is that anathema for conservatives? Cant you post a response that doesn't include some nonsensical smear of your political opponents. Jesus. But your answer isn't very clear. I assume you believe poverty will still exist after all your wealth transfer schemes have been enacted. So how poor will the poorest person be and how rich will the richest person be and just how different will the middle class looks than it looks today?

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Mr.Nick View Post
    The rich don't get "tax cuts" and if it matters the rich pay for 80 percent of the revenue generated by the government....

    Of course we need more deregulation - regulation is nothing more than bureaucracy and in some situations used as a political tool, not to mention at times could be considered extortion.

    Besides regulation does NOTHING but KILL JOBS..... Open your eyes do you really think this government is benevolent? If you want my opinion it seems democrats enjoy punishing businesses both big and small because they HATE capitalism and create all these ABC agencies to clamp down on free market principals, while people like you sit back and clap your hands....

    If you don't know - regulations didn't build this nation from NOTHING free market ideas did.

    BTW, since you're an alleged socialist you should see the failures in your socialism considering these socialist "super powers" either collapsed or were forced into a free market economic model....

    Understand that the economic model you stand for failed every time it was tried?
    So like I say you want more tax cuts and more deregulation -- exactly what Bush did when he drove us into the recession.

    There's a word for doing something over and over again and expecting a different result.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Fletch View Post
    Why is that anathema for conservatives? Cant you post a response that doesn't include some nonsensical smear of your political opponents. Jesus. But your answer isn't very clear. I assume you believe poverty will still exist after all your wealth transfer schemes have been enacted. So how poor will the poorest person be and how rich will the richest person be and just how different will the middle class looks than it looks today?
    Thanks for proving my point. You really don't want a robust middle class or to end extreme poverty. You just used the counterfactual distraction that tax increases on the rich are a "scheme" and won't work, when of course, redistribution of income works on its face. It's why you're against it, isn't it? Not because it wouldn't work, but because it does.

    We tried tax cuts for the rich under Bush, remember. What happened? The biggest Recession in decades. As predicted by liberals.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by FaceofBachmann View Post
    So like I say you want more tax cuts and more deregulation -- exactly what Bush did when he drove us into the recession.

    There's a word for doing something over and over again and expecting a different result.
    Bush didn't drive anyone into a recession - idiot consumers did - our congress did - and our banks did.

    Bush did a lot of messed up things but he had absolutely noting to do with the financial collapse. This whole "too big to fail" nonsense did, and Clinton's community reinvestment act didn't help either....

    I suppose it's easy to blame Bush now isn't it? but it is harder to understand Congress, backroom dealings and basically votes on the bidding block...

    I could write a 2000 page book on this financial collapse..

    What the hell do you think happens when bigger banks start buying smaller banks and then use those assets to invest in garbage? what do you think when the government forces these big banks to lend to people who are unqualified for a mortgage?

    Yeah take a look at Detroit or Gary Indiana.

    But this is what you get when you have greedy idiots making false promises to inept politicians in an attempt to legitimize their "banks" - Rockwell tried this **** 60 years prior and it lead to the Great Depression.

    But here we are believing that these politicians are the best minds in the world when in reality they're probably dumber than your typical US citizen.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by DA60 View Post
    I just found this on the BLS website:

    Civilian labor force participation rates by age, sex, race, and ethnicity

    Unless I am reading this wrong, it says that the Labor Force Participation Rate for those over 65 went from 13.2% to 18.5% between 2002 and 2012.

    What do you say now?
    I also just found this chart on the BLS.

    And this chart DOES lend credence to the assertion that roughly half of the decrease in the LFPR is due to retiring seniors.

    I was definitely mistaken saying it was not.

    Civilian noninstitutional population by age, sex, race, and ethnicity


    Man...look at all the old people...their numbers are growing like mad.

    We need Carousel for over 75's...

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by FaceofBachmann View Post
    And the rightwing answer to this: more tax cuts for the rich, more deregulation, more anti-union legislation -- all the things the resulted in the collapse.

    There's a word for that.
    And the left wing answer always seems to take more, and spend more.

    If this is what you see as success, if people dropping out of the workforce and getting on the government dole is such a good thing, hell, everyone should just quit, then we'd have full employment.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by j-mac View Post
    And the left wing answer always seems to take more, and spend more.

    If this is what you see as success, if people dropping out of the workforce and getting on the government dole is such a good thing, hell, everyone should just quit, then we'd have full employment.
    Looks like you've left Laffer and just settled for the usual talking points. It wasn't a very effective stunt in any case.

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    Re: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Mr.Nick View Post
    Bush didn't drive anyone into a recession - idiot consumers did - our congress did - and our banks did....
    That's a perfectly fair and true statement. Presidents are just people, and **** happens. I'd say that the system caused the Great Recession, not any one individual - there is plenty of blame to go around.

    However, that said, I would like to think that somewhere within our government is a team of economic advisors, who would have been sounding warning bells long before we got to the crises state. Some individuals in the private sector were certainly doing that, but apparently no one was listening. So to at least a limited extent, it may be fair to say that Bush was "asleep at the wheel", as the bubble inflated and bursts.
    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: Jobless Rate in US Falls to 5.9% in September, Payrolls Jump

    Quote Originally Posted by Mr.Nick View Post
    Bush didn't drive anyone into a recession - idiot consumers did - our congress did - and our banks did.

    Bush did a lot of messed up things but he had absolutely noting to do with the financial collapse. This whole "too big to fail" nonsense did, and Clinton's community reinvestment act didn't help either....

    I suppose it's easy to blame Bush now isn't it? but it is harder to understand Congress, backroom dealings and basically votes on the bidding block...

    I could write a 2000 page book on this financial collapse..

    What the hell do you think happens when bigger banks start buying smaller banks and then use those assets to invest in garbage? what do you think when the government forces these big banks to lend to people who are unqualified for a mortgage?

    Yeah take a look at Detroit or Gary Indiana.

    But this is what you get when you have greedy idiots making false promises to inept politicians in an attempt to legitimize their "banks" - Rockwell tried this **** 60 years prior and it lead to the Great Depression.

    But here we are believing that these politicians are the best minds in the world when in reality they're probably dumber than your typical US citizen.
    Oh God, the Community Reinvestment Act. You're actually dredging that talking point up! Why not blame ACORN while you're at it.

    Can't you at least come up with some sexier, weirder talking points to explain Bush complete and utter economic failure. Can it involve gerbils and black helicopters?

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