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

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

    QUOTE=Conservative;1064628783]There you go again unable to figure out what nominal even means and the period covered, the 2.8 trillion was the economy at the end of 1980. The economy at the end of 1988 was 5.2 trillion. those are the numbers that mattered because both revenue and expenses were in those year values.
    [/QUOTE]


    Quote Originally Posted by Drumpf
    "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters."
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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

    Quote Originally Posted by Gimmesometruth View Post
    QUOTE=Conservative;1064628783]There you go again unable to figure out what nominal even means and the period covered, the 2.8 trillion was the economy at the end of 1980. The economy at the end of 1988 was 5.2 trillion. those are the numbers that mattered because both revenue and expenses were in those year values.

    [/QUOTE]

    Love those percentage charts, do you understand the affects a denominator and numerator have in the percentages? Also would you please show me the govt. spending in the Reagan Stimulus??

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

    Conservative;1064628857][/QUOTE]

    Love those percentage charts, do you understand the affects a denominator and numerator have in the percentages? Also would you please show me the govt. spending in the Reagan Stimulus??[/QUOTE]

    Of course I understand what are the components of a percentage calculation...hurr durr....and to be accurate it would be "effect"'. And I can tell you generally that the St Ronnie stimulus consisted of low multiplier "defense" spending.

    Charts: What if Obama spent like Reagan? - The Washington Post
    Quote Originally Posted by Drumpf
    "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters."
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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

    Quote Originally Posted by Gimmesometruth View Post
    Conservative;1064628857]
    Love those percentage charts, do you understand the affects a denominator and numerator have in the percentages? Also would you please show me the govt. spending in the Reagan Stimulus??[/QUOTE]



    Of course I understand what are the components of a percentage calculation...hurr durr....and to be accurate it would be "effect"'. And I can tell you generally that the St Ronnie stimulus consisted of low multiplier "defense" spending.

    Charts: What if Obama spent like Reagan? - The Washington Post

    How you coming on finding that spending in the Reagan stimulus? Wonder what the public would think if Obama did spend to create a peace dividend, 17 million jobs, and doubling of GDP? Hmmm, good question

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

    Reagan came along and brought such programs to life with an infusion of money. Defense spending hit a peak of $456.5 billion in 1987 (in projected 2005 dollars), compared with $325.1 billion in 1980 and $339.6 million in 1981, according to the Center for Strategic and Budgetary Assessments. Most of the increase was for procurement and research and development programs. The procurement budget leapt to $147.3 billion from $71.2 billion in 1980.

    Reagan's Defense Buildup Bridged Military Eras (washingtonpost.com)
    Quote Originally Posted by Drumpf
    "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters."
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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

    How you coming on finding that spending in the Reagan stimulus? Wonder what the public would think if Obama did spend to create a peace dividend, 17 million jobs, and doubling of GDP? Hmmm, good question
    Um, he did not "double GDP", and his GDP gains were built on tripling the debt through low multiplier "defense" spending...not that I expect you to understand a multiplier in macro use.
    Quote Originally Posted by Drumpf
    "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters."
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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

    Quote Originally Posted by Conservative View Post
    Reagan's last budget was a trillion dollars
    Federal outlays in the FY1989 budget were $1.79 trillion. That's $3.39 trillion adjusted for inflation.

    My guess is that you would be an embarrassment to Ronald Reagan. And the way you clowns try to claim JFK and MLK as yer own is sickening. Kennedy was a cold warrior, no doubt, and he was a bit late to the game on civil rights, but he was no conservative. To say he was is, as Kobie has correctly pointed out several times of late, patently absurd.

    What's yer view on Bobby? A tough, hard-nosed SOB for sure. Ya think he was a conservative like his brother? Ya think their political views were very far apart?

    Quote Originally Posted by Conservative View Post
    figure out the period covered
    For once, yer right. The $2.8 trillion figure should be used as the baseline.

    >>The economy at the end of 1988 was 5.2 trillion.

    Gee, what happened to yer $5.6 trillion figure? I guess we both made a mistake. You gave him nine years and I gave him seven.

    >>Trillions? Really? the entire economy was less than 3 trillion when he took office and the budget wasn't even a trillion dollars.

    If yer gonna compare Reagan's dollar numbers to Obama's, you need to adjust for inflation. You say I need to learn what nominal means. I'd say the lack of understanding is on yer part. You say that adjusting for inflation is a mistake. Yeah, OK.

    >>Please research the Reagan stimulus and tell me how much spending was in that stimulus?

    I already did, in post #343.

    Quote Originally Posted by mmi View Post
    $1.4 trillion in deficits. That's more than three trillion in inflation-adjusted dollars.
    >>you claim all the 2009 deficit was Bush's please tell me how he did that from October 2008 to January 21, 2009 and then show me the Bush signed 2009 budget?

    I spent a lot of time on this a year ago and I won't do it again. An outgoing president has the responsibility for the spending that takes place in the fiscal year that starts in Oct of his last full year. It's his budget and he's there for four months of it. It doesn't matter if he signs it or not. Dubya could just as well be criticized for not stepping up the plate.

    Now 2009 was a very exceptional year. And yes, some of the spending can reasonably be attributed to Obama. I think the number was about 12-15%. You have no interest in how the numbers could reasonably be divided up. You just wanna push yer partisan, ideological line. Anyone who doesn't share yer mindset can see that.

  8. #448
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by Gimmesometruth View Post
    Reagan came along and brought such programs to life with an infusion of money. Defense spending hit a peak of $456.5 billion in 1987 (in projected 2005 dollars), compared with $325.1 billion in 1980 and $339.6 million in 1981, according to the Center for Strategic and Budgetary Assessments. Most of the increase was for procurement and research and development programs. The procurement budget leapt to $147.3 billion from $71.2 billion in 1980.

    Reagan's Defense Buildup Bridged Military Eras (washingtonpost.com)
    Yep, and not one dime of that money was in the stimulus. How are you coming finding the data? Wonder if the public would accept that spending to create another peace dividend like it did then? Are we safer today than we were with Reagan in the WH?

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

    Quote Originally Posted by Gimmesometruth View Post
    Um, he did not "double GDP", and his GDP gains were built on tripling the debt through low multiplier "defense" spending...not that I expect you to understand a multiplier in macro use.
    Really? so BEA.gov. got it wrong. Interesting those are the numbers there but guess you know better. Tripling the debt by increasing it 1.7 trillion? Hmmm, wonder if the public would take 1.7 trillion in debt to generate 17 million jobs, growth in GDP from 2.8 trillion to 5.6 trillion, and a peace dividend. Looks like a pretty good return on a 1.7 trillion dollar debt or do you expect the govt. to make money?

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

    Quote Originally Posted by Conservative View Post
    Yep, and not one dime of that money was in the stimulus. How are you coming finding the data? Wonder if the public would accept that spending to create another peace dividend like it did then? Are we safer today than we were with Reagan in the WH?
    Wait, you are arguing that the massive increase in military spending by St Raygun was not a stimulative measure?
    Quote Originally Posted by Drumpf
    "I could stand in the middle of 5th Avenue and shoot somebody and I wouldn't lose voters."
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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