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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 disneydude View Post
    Easy....Republicans. The more unemployed....the more people are willing to work for peanuts.
    Why? Republicans are the party of the rich. The worse shape the economy is in, the worse their portfolios and 401K and home values are. So, in a nutshell, no.
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    re: U.S. Unemployment Falls to Lowest Level Since May 2008[W:489, 497]

    So far all I'm seeing as far as to why Obama should get any credit is "he isn't a Republican".
    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 tres borrachos View Post
    So far all I'm seeing as far as to why Obama should get any credit is "he isn't a Republican".
    He shouldn't get any credit because he's a politician. The best way for the government to ensure job creation is to stop trying to create jobs and let the market work. Not much has been done by the federal government recently, which is the best anyone could ask for.
    “The most important single central fact about a free market is that no exchange takes place unless both parties benefit.” - Milton Friedman

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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
    So you can't list a single Obama policy that led to the drop in unemployment either.
    The "ignore ridiculous GOP policy proposals" is the crown jewel of achievements.
    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 Fenton View Post
    Corporations are hoarding Trillions and using large percentages of their profits to buy back shares and Banks are chosing to earn nothing on Trillions of dollars in excess reserves instead of investing it back into the economy.
    This is because America is a consumer economy, and the consumers have been restrained through low/under employment and low wages & wage growth (though these factors appear to be slowly improving).

    Corporations don't use money to create jobs - they create jobs in response to consumer demand.

    The corps are sitting on money because there's no demand for it to be used elsewhere.
    "When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

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

    Quote Originally Posted by LagerHead View Post
    He shouldn't get any credit because he's a politician. The best way for the government to ensure job creation is to stop trying to create jobs and let the market work. Not much has been done by the federal government recently, which is the best anyone could ask for.
    Yup, pretty much. The job of the POTUS isn't to create private sector jobs. The POTUS can't create private sector jobs. And Obama has no specific policy that was intended to create private sector jobs. There is nothing specific or measurable.
    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 Kushinator View Post
    This is your standard reply to anyone who provides valid data analysis to support the point that the U.S. economy is the global beacon of light. Normative rantings that lack positive support will continue to fail.
    Its far better than the standard replies that come from the left. That is to ignore the shrinking Middle class , the growing wealth disparity and the Millions of struggling American families because your more loyal to your Political affiliation than you are to the truth.

    It actually takes reality into account and doesn't ignore the plight of Millions of Americans who are struggling to make ends meet in a disastrous Obama economy.

    The Democrat party would much rather push false narratives about economic recoveries than acknowledge that their policies have anything to do with our economic issues.

    They're not above ignoring outright large populations of impoverished citizens. A look at inner cities across America is a great example of that.

    Hell this thread is a great example of that.

    So someone needs to be honest enough to call BS on their pretend recovery and since we know you're incapable of that I am left with no choice but to expose whats essentially propaganda disguised as a objective economic analysis.

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

    Quote Originally Posted by LagerHead View Post
    He shouldn't get any credit because he's a politician. The best way for the government to ensure job creation is to stop trying to create jobs and let the market work. Not much has been done by the federal government recently, which is the best anyone could ask for.
    Perhaps.

    But markets only work efficiently when well-regulated.

    This isn't as easy as, "Free everything, and let what may, happen". (not saying you claimed this)

    And the subject of regulation is where much of the debate lies.
    "When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

    The 10 Commandments of Logic - (Courtesy of Abbazorkzog Blog)

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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
    So you can't list a single Obama policy that led to the drop in unemployment either.
    I can.

    1) The auto bailout.

    2) The stimulus package. Not as much effect as it should, but it made a dent.

    3) Continuing and extending TARP. (Bush 43 also gets some credit for this.)

    4) Accepting Fed policies, ranging from QE's to the current hesitation to raise interest rates.

    5) The ACA made it possible for more people to go into business for themselves, as they were now able to get health insurance on their own -- something very difficult to do, at anything resembling acceptable premiums, prior to the ACA's guaranteed issue provisions.

    5a) We have NOT seen employers firing staffers, or busting them en masse down to part-time, to avoid ACA provisions.

    We should also note there is no indication that the tiny raise in top marginal tax rates has not crippled the US economy, or employment.

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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
    So you can't list a single Obama policy that led to the drop in unemployment either.
    Similar to the policies that got him a Nobel Peace Prize perhaps.......

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