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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 Originally Posted by Gimmesometruth View Post
    TPP is not, by and large, a trade agreement. It is a further extension of copyright and patent protections for corporations, giving them greater rights to sue individual states govts when protection laws are enforced. It is NAFTA on steroids as far as that is concerned, so if you are against TPP (which any good little Hayekian should hold an opposite position to yours), then how can you argue in favor of neoliberalism? The TPP is neoliberalism, it is the freeing of corporations.
    TPP is a "free trade" agreement. It's a deal that eliminate tariffs on goods and services and tears down a host of non-tariff barriers. Basically it's gonna make it easier for Asian countries to send their products to the US. It's basically a specific WTO/Doha deal with 10 countries. Only 5 of the chapters actually deal with trade issues and the rest deals with creating a legal system (court) that allows TPP members (companies) can argue for changes in laws at all levels (local, state and federal).

    Just cause it's called free trade doesn't mean the agreement is just about free trade.
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    Quote Originally Posted by Tettsuo View Post
    There seems to be a pattern forming here. But of course, the naysayers are going to deride this good news as well.

    U.S. Unemployment Falls to Lowest Level Since May 2008 - Bloomberg Business

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    Can someone in the right please concede that Obama is, and has been, GOOD for the economy?
    Ninety two million able bodied people of working age are unemployed, not looking for work and not counted in the unemployment rate published by the government. How good has Obama been from them?
    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury." Attributed to Alexander Tytler

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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
    There you go again, equating popularity and myth-making to economic reality. I am not so deeply embedded or invested with Obama as you are with Raygun, I hate that he did not spend and invest in either real terms or as a percent of the economy as Raygun, I hate that he is pushing neoliberal trade policy, I hate that he continued the bailout of the banks and did next to nothing for home owners in distress, but I hate even more the absolute dishonesty of you and your ilks rhetoric about this admin and the glorification of St.Ronnie's. He was an Alzheimer victim for not all, most of his terms, he was totally dependent upon his cabinet to put together any sort of budget and was beholden to advisers like Greenspan when doubling payroll taxes while simultaneously cutting top marginal rates more than half....as spending went through the roof. It was all pure voodoo, totally insane.
    That is your opinion but the public disagrees with you as do most who lived and worked during that period of time when they looked at their bank account. Apparently you have no understanding of leadership at all and expect a President to be King. How dare Reagan rely on his cabinet for a budget for after all what the hell do they know about their department and what it costs to run it.

    You are absolutely stunning in your total ignorance of leadership. That probably comes from lack of experience. No problem, many people have the same problem. Reagan was about personal responsibility and not govt. responsibility. he was about delegating authority to get the job done and he promoted the greatness of America. That Shiny City on a Hill resonated with the public. Too bad liberals just don't get it and probably never will.

    Never have I seen such a poor negative group of people as there are in this forum promoting liberalism and demonizing Reagan results. Reagan is gone and yet people who weren't even born or lived during the Reagan spout the leftwing rhetoric just like you. You, my friend are part of the problem not part of the solution. Personal responsibility doesn't appear to exist in your world. Too bad.

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

    Quote Originally Posted by WSUwarrior View Post
    Yea he cut taxes and revenue INCREASED shortly thereafter. Its a paradox, I know...I wish liberals could understand that.
    Not as a percent of GDP, they declined:



    And in nominal levels they were fairly flat from 80 to 82, with a decline in 83. Of course the big winners were corporations that saw levels decline 43% from 80 to 83.

    Historical Amount of Revenue by Source

    Ive always wondered why liberals support the government confiscating the peoples money......
    Oooh...my turn!

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    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
    I understand perfectly that BC pushed neolibereal policy, whether it was NAFTA, the massive cuts to poverty programs or deregulation under Rubin and Greenspan...all of that increased wealth inequality.

    Bullchit, steel, auto, electronics....these industries did not decline in the US because of "domestic overproduction", imports of these items more than made up for the declines.

    By again eliminating the policy of "race to the bottom" which allows the downward pressure on wages and domestic production. You further augment the desirability of a population by investing in education.

    TPP is not, by and large, a trade agreement. It is a further extension of copyright and patent protections for corporations, giving them greater rights to sue individual states govts when protection laws are enforced. It is NAFTA on steroids as far as that is concerned, so if you are against TPP (which any good little Hayekian should hold an opposite position to yours), then how can you argue in favor of neoliberalism? The TPP is neoliberalism, it is the freeing of corporations.

    No, they exist....in other countries, it is that we have allowed neoliberalists to write our US industrial policy.

    Quote Originally Posted by austrianecon View Post
    TPP is a "free trade" agreement. It's a deal that eliminate tariffs on goods and services and tears down a host of non-tariff barriers. Basically it's gonna make it easier for Asian countries to send their products to the US. It's basically a specific WTO/Doha deal with 10 countries. Only 5 of the chapters actually deal with trade issues and the rest deals with creating a legal system (court) that allows TPP members (companies) can argue for changes in laws at all levels (local, state and federal).

    Just cause it's called free trade doesn't mean the agreement is just about free trade.


    The bread of your sandwich contradicts, while the meat just repeats what I said.

    Empty calories.

    Further, you have completely abandoned your claim that the decline in US manufacturing was due to "overproduction"....which is a good thing for you to do.
    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 a351 View Post
    The revenue increase that followed the tax cuts was smaller in proportion to the previous eight and the eight years following (Clinton's term actually)
    Doesnt that just prove that tax cuts work?

    If cutting taxes increases revenue then I dont exactly understand why ANYONE would be against them....unless they are feeding off the clueless slobbering masses for votes. Ive always said that jealous people vote Democrat...this just proves it.

    Revenue as a percentage of GDP also declined
    So what? That is because the GDP went up...I assume you know what a fraction is, correct?

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

    Moderator's Warning:
    U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497] GENTLEMEN. Civility please. Topical posts please. Inflammatory lingo to a minimum. Consider this a warning before correctional mayhem ensues.







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

    Quote Originally Posted by WSUwarrior View Post
    Doesnt that just prove that tax cuts work?

    If cutting taxes increases revenue then I dont exactly understand why ANYONE would be against them....unless they are feeding off the clueless slobbering masses for votes. Ive always said that jealous people vote Democrat...this just proves it.



    So what? That is because the GDP went up...I assume you know what a fraction is, correct?
    Isn't it amazing how many people worry so much about how much someone else makes or pays in taxes? Seems they believe the Federal Govt. which has created an 18.2 trillion dollar debt needs the money more than the actual taxpayers who pay the bills. That is liberalism.

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

    Quote Originally Posted by WSUwarrior View Post

    If cutting taxes increases revenue then I dont exactly understand why ANYONE would be against them.
    It didn't, either in real terms or as a percent of income. Nor did it cause GDP to increase. You are operating on voodoo economics.
    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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