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Thread: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

  1. #181
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by NIMBY View Post
    Yet you and other GOP posters keep asking for what you just said he can't do.
    GOPs are certainly first in line to bash economic news with their TPs no matter what the news.

    While GOP posters also continue to damn the POTUS on every other front, even when they agree with him, such as on TPP .
    So Obama isn't responsible for private sector job growth...is he?
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by NIMBY View Post
    Proof?

    Proof?

    Once again, no proof from the one who demands proof from lefties.

    which he didn't so you've moved on to the blatant lie level.

    Have you seen the pictures of GOP politicians digging in their shovels?
    Again, no proof as our economy has moved on--try to catch up.

    Repetitious and without proof--GOPs only care about NH every 4 years--how's that Christie doing defending a fellow cheater Brady?

    Especially those used by governors like Perry of Texas to balance his budget.
    Tell me those dollars didn't create private sector jobs--and prove it .
    Everything you need to know about stimulus money can be found on http://economix.blogs.nytimes.com/20...stimulus/?_r=0
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by fmw View Post
    "U.S. Unemployment Falls to Lowest Level Since May 2008"

    ....and the labor participation rate is the lowest since the great depression. Take your pick.
    The Great Depression was in 1978?


    And since Labor Force Statistics weren't collected at all until 1942, and official data not available prior to 1948, it's clear you just made things up. Why did you do that?
    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.

  4. #184
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by pinqy View Post
    The Great Depression was in 1978?


    And since Labor Force Statistics weren't collected at all until 1942, and official data not available prior to 1948, it's clear you just made things up. Why did you do that?
    OK. The labor participation is the lowest since 1978. Take your pick.

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by Fenton View Post
    Janet Reno AND Robert Rubin bragging about the effectiveness of Clintons CRA changes and the effectivness of his Fair lending task force is not in context ?
    It is of little meaning. Fair lending does not equate to bad mortgages, as nobody can force a bank to make a loan. Fair lending does require depository institutions who reside in specific neighborhoods to objectively process applications from people who also reside in these same neighborhoods.

    A most epic gap in logic is required to argue processing applications leads to a mortgage bubble. This is why you've never been able to produce valid empirical support for your illusions of grandeur.

    Ruben and Reno even quantified the sucess of his CRA changes and his Fair lending Task Force and I've posted their quotes over and over and over.
    Sorry, but it does not follow that CRA changes lead to poor mortgage underwriting standards or shady securitization techniques. Bear Stearns and Lehman Brothers did not go broke due to the CRA or the GSE's.

    Its not in context with the debunked left wing narratives that blame the banks and Bush but its definitely relevant to what actually happened.
    Where is the data that supports this POV?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by fmw View Post
    OK. The labor participation is the lowest since 1978. Take your pick.
    Why didn't you actually bother to do research first? Why would you just post something you made up with no consideration for reality?
    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.

  7. #187
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by pinqy View Post
    Why would you just post something you made up with no consideration for reality?
    This isn't the first time. Therefore, we know why they do it.
    Last edited by Kushinator; 05-11-15 at 10:51 AM.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by pinqy View Post
    Why would you just post something you made up with no consideration for reality?
    To be fair, we don't know that fmw "made it up." It could be that a "commentator" or a "radio personality" or an "entertainer" said that someone reported it.

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by tres borrachos View Post
    Everything you need to know about stimulus money can be found on http://economix.blogs.nytimes.com/20...stimulus/?_r=0
    Which means you know very little with respect to the subject matter. The Cato economist presented a false narrative.

    Case and point: "If Keynesian stimulus advocates are correct, economic growth should have been sharply reduced when stimulus spending slowed."

    The author does not understand Keynesian economics, which is rather apparent given her Cato and freshwater connections. Stimulus is never intended to be permanent. Instead, it's meant as a temporary boost to push economic activity back into action. By the time the stimulus funds ran their course, the U.S. economy was strong enough (given continued fiscal and monetary support) to continue growing sans stimulus.



    Dr. Mulligan further exhibits his shortcomings with Keynesianism:

    "After all, the stimulus spending penalized success, since its benefits for example, extending unemployment insurance were aimed at people and businesses with low incomes, and not at those who were working and/or achieving a certain income level. So it would be no surprise if the result was to keep incomes below what they would have been as in other cases, a counterproductive result of a well-intentioned program."

    How utterly ridiculous! How does providing money to people penalize success, unless you view helping those in need as a punishment for those without? Incomes fell because job losses mounted in the wake of deflationary pressure, not because unemployment benefits extended. In fact, the prevailing freshwater idea is that wages need to fall to a market clearing level. Yet experiences from the great depression, Japan, etc... show that downward nominal wage rigidity negates the classical hypothesis.

    It seems your lack of exposure to both the data and literature have led you to be hopelessly outmatched on this topic.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by Kushinator View Post
    Which means you know very little with respect to the subject matter. The Cato economist presented a false narrative.

    Case and point: "If Keynesian stimulus advocates are correct, economic growth should have been sharply reduced when stimulus spending slowed."

    The author does not understand Keynesian economics, which is rather apparent given her Cato and freshwater connections. Stimulus is never intended to be permanent. Instead, it's meant as a temporary boost to push economic activity back into action. By the time the stimulus funds ran their course, the U.S. economy was strong enough (given continued fiscal and monetary support) to continue growing sans stimulus.



    Dr. Mulligan further exhibits his shortcomings with Keynesianism:

    "After all, the stimulus spending penalized success, since its benefits for example, extending unemployment insurance were aimed at people and businesses with low incomes, and not at those who were working and/or achieving a certain income level. So it would be no surprise if the result was to keep incomes below what they would have been as in other cases, a counterproductive result of a well-intentioned program."

    How utterly ridiculous! How does providing money to people penalize success, unless you view helping those in need as a punishment for those without? Incomes fell because job losses mounted in the wake of deflationary pressure, not because unemployment benefits extended. In fact, the prevailing freshwater idea is that wages need to fall to a market clearing level. Yet experiences from the great depression, Japan, etc... show that downward nominal wage rigidity negates the classical hypothesis.

    It seems your lack of exposure to both the data and literature have led you to be hopelessly outmatched on this topic.
    Good grief. What a bunch of nonsense that had nothing to do with what I posted. Ugh, stop quoting me. I can't read your liberal Obama worshipping drivel.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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