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Quarterly Increase in U.S. Worker Pay Smallest on Record [W:107]

countryboy said:
I'll mark that down as a "no". Why am not surprised? :roll:
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Yes, you are correct, I cannot give a specific answer to a vague question. You aren't interested in anything specific, and if you had looked at post 17, it more that likely would answer your vague question. I suspect your view stems from a bad definition and is compounded by worse analysis.
 
Gimmesometruth said:
Yes, you are correct, I cannot give a specific answer to a vague question. You aren't interested in anything specific, and if you had looked at post 17, it more that likely would answer your vague question. I suspect your view stems from a bad definition and is compounded by worse analysis.
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You are the one who used the term "austerity-lite". Thanks for admitting you have no idea what you actually meant by that.
 
Fenton said:
Lol !!

Time to pass a Stimulus package ( to increase aggregate demand ) !

Because the left literally has no idea how to create growth in a Free market economy.
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So your saying the right does?
Hasn't the cutting taxes on the wealthy been proving wrong? Yet that is there answer to the problem every time...
 
countryboy said:
You are the one who used the term "austerity-lite". Thanks for admitting you have no idea what you actually meant by that.
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First you asked "What austerity-lite?", a question of where it exists, which I already posted yesterday in a post you already read. Now, I assume, you want it defined. So your demand for specificity keeps shifting, it is not specific, how vague, how ironic. So what do you want? Do you want me to define austerity (which you should know yourself if you are testing me) and then to point to how the budget has met a "lighter" version while still dampening GDP gains directly effecting wage gains? I know your past arguments, I don't think it can handle getting into the nitty-gritty of the effects of austerity on wage gains.
 
Gimmesometruth said:
First you asked "What austerity-lite?", a question of where it exists, which I already posted yesterday in a post you already read. Now, I assume, you want it defined. So your demand for specificity keeps shifting, it is not specific, how vague, how ironic. So what do you want? Do you want me to define austerity (which you should know yourself if you are testing me) and then to point to how the budget has met a "lighter" version while still dampening GDP gains directly effecting wage gains? I know your past arguments, I don't think it can handle getting into the nitty-gritty of the effects of austerity on wage gains.
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What a joke. I don't follow your daily postings. You used a term, I asked what you meant by it. Why do libs always have to play stupid games? Rhetorical question, no answer necessary. Have a nice life.
 
Henry David said:
It appears neither the left nor the right is able to create such growth. Could it be that such powers are not part of the repertoire for politicians?
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Huh ?

Texas is growing its economy quite well thank you. And its doing it in spite of Obama's destructive laws and regulations and mandates.

Its successful because its POLITICIANS apply Conservative economic principles that according to the left, don't work.
 
mnicholson2 said:
So your saying the right does?
Hasn't the cutting taxes on the wealthy been proving wrong? Yet that is there answer to the problem every time...
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Of course we have a idea on how to grow the economy. Not just an idea but a successful strategy based on soujd Conservative economic principles that you people claim dont work.

Its working great in Texas We've led the Nation in job Creation for the past 7 years and that includes high paying jobs.
 
countryboy said:
What a joke.
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Your posts are the joke, they keep shifting on what they want to know.


I don't follow your daily postings.
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Your loss.


You used a term, I asked what you meant by it.
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We have been under a regime of deficit reductions (in the real world, this is referred to as austerity) during a time of depressed demand, which isn't a path to quick recovery. We haven't gone full on austerity like that imposed upon some EU states, but it still is dampening the recovery.
Why do libs always have to play stupid games? Rhetorical question, no answer necessary. Have a nice life.
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I think most of your questions are rhetorical, that is the point. When the debate even hints at digging into details, getting "specific", you bail. So be it. It is what it is.
 
Fenton said:
Huh? Texas is growing its economy
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This is coming from a poster who believes Texas is a nation.

News flash:

Fuel prices may be slowly creeping their way back up, but the Texas economy still suffers from this year’s slump in prices. Economists for Comerica Bank attributed the 2.7 percent dip in the bank’s Texas Economic Activity Index to 98.5 percent to the decline and slow recovery of oil and gas prices, the San Antonio Business Journal reports.
“The Texas economy continues to feel the pull from lower oil prices,” said Comerica Bank Chief Economist Robert Dye. “Our Texas Economic Activity Index has now declined for six consecutive months, beginning in November of 2014. Fortunately, oil prices have been relatively stable near $60 per barrel for the last two months.”
The Index takes into account nonfarm payrolls, exports, hotel occupancy rates, unemployment insurance claims, sales tax revenues, home prices and rig counts indexed to 2008 as a base year.
The current index level of 98.5 is down from the average of 105.1 points in 2014 and lower still from the March standing of 101.2.

Comerica Bank: Texas economy still hurting | bakken.com
 
Fenton said:
Of course we have a idea on how to grow the economy. Not just an idea but a successful strategy based on soujd Conservative economic principles that you people claim dont work.

Its working great in Texas We've led the Nation in job Creation for the past 7 years and that includes high paying jobs.
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I just love people like yourself that come up facts like this about Texas. That way I do the research you will not do.You like others like offer up facts that are presented to you from Politicians or talking mouth pieces form the right while they tend to leave out the details that would make their opinions seem not so good.
For example: Some 550,000 workers last year were paid at or below the federal minimum wage of $7.25, more than double the number making those wages in 2008, according to the Bureau of Labor Statistics. That's 9.5% of Texas' hourly workforce, which gives it the highest percentage of minimum-wage hourly workers in the nation.
What you also fail to realize Texas is rich in natural resources, the state has been benefiting from the high price of oil and the expanded interest in natural gas exploration. Energy employment has soared by 16.8% over the past year alone.
So you see it ISN'T only the policies that have created the rise in employment. It's natural resources and the cheap labor...similar to jobs being sent over seas.
 
mnicholson2 said:
I just love people like yourself that come up facts like this about Texas. That way I do the research you will not do.You like others like offer up facts that are presented to you from Politicians or talking mouth pieces form the right while they tend to leave out the details that would make their opinions seem not so good.
For example: Some 550,000 workers last year were paid at or below the federal minimum wage of $7.25, more than double the number making those wages in 2008, according to the Bureau of Labor Statistics. That's 9.5% of Texas' hourly workforce, which gives it the highest percentage of minimum-wage hourly workers in the nation.
What you also fail to realize Texas is rich in natural resources, the state has been benefiting from the high price of oil and the expanded interest in natural gas exploration. Energy employment has soared by 16.8% over the past year alone.
So you see it ISN'T only the policies that have created the rise in employment. It's natural resources and the cheap labor...similar to jobs being sent over seas.
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Oil and is only 10 percent of Texas's GDP.

Silicon valley is 10 percent of California's GDP.

Texas cities are booming.

Californian cities are going bankrupt.

Texas leads the Nation in Job Creation ( that includes High paying jobs ).

California has the Nation's highest poverty rate and is home to 1/3 of the Natioms welfare recipients

Texas is the chosen new home for this huge wave of economic refugees that Obama's and the Democrats policies have created.

Texas is also the NEW home for hundreds of new Bussinesses that have been forced out of blue plague states like California

Toyota moved their headquarters from California and brought with them 3000 jobs.

You think Toyota pays below minimum wage ? Nope, those jobs are mid to high range paying jobs.

If Texas was so dependant on " oil " then the huge drop in oil prices would mean our economy would eventually be slipping into a recession.

Not so.

According to the Dallas Fed we're still expecting GDP growth in the range of 2-3 percent this year.

You have no idea what you're talking about, but thats expected. Youre a Lib for a reason.
 
Fenton said:
According to the Dallas Fed we're still expecting GDP growth in the range of 2-3 percent this year.
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A pack of lies, debunked so many times.


Gimmesometruth said:
We already went over this...

Since the 1980s, direct employment in oil and natural gas exploration and production has declined to 2.5 percent of the Texas work force from 4.5 percent, according Mine K. Yücel, senior vice president and director of research at the Federal Reserve Bank of Dallas. The oil and gas industry’s contribution to the state’s economic output has fallen to 13 percent from 19 percent during the same time period.

Still, as the leading state in oil production and reserves, with two of the three shale fields responsible for nearly doubling crude output in the United States in recent years, petroleum is still king of Texas. And that means busts as well as booms.
“We are definitely slowing, and I think we are going to continue to see weakness,” Ms. Yücel said.

She noted that the Dallas Fed had lowered its forecast for the state’s economic growth rate to 0.5 or 1 percent from the 1.5 percent rate projected at the beginning of the year. That is a significant fall from the robust pace of 3.4 percent growth in 2014, a year in which oil prices galloped before beginning to turn in July.

http://www.nytimes.com/2015/06/04/bu...ambitions.html
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Gimmesometruth said:
A pack of lies, debunked so many times.
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No, not debunked at all...

2015 Texas Job Growth Forecast Still Healthy Despite Oil Price Shock, Says Dallas Fed - Dallas Fed

SAN ANTONIO—Texas job growth is expected to moderate but remain healthy in 2015 as lower oil prices slow growth, said Federal Reserve Bank of Dallas senior economist and research officer Keith Phillips today in San Antonio.

Phillips presented the Bank’s annual Texas Economic Outlook before local business leaders at the Dallas Fed’s San Antonio Branch.

Texas job growth will likely slow from about 3.6 percent in 2014 to between 2 and 2.5 percent in 2015, Phillips said. That equates to about 235,000 to 295,000 new jobs in Texas in 2015, down from an estimated 408,000 jobs created in 2014.

“The sharp decline in oil prices has created much uncertainty in our outlook for state job growth this year, but we’re viewing it as a headwind for the Texas economy,” Phillips said. “However, Texas has a diversified economy, and while the drop in oil prices slows job growth, it won’t send the state into a recession like it did in the 1980s.”

Sustained oil prices of $50 a barrel or lower will sharply curtail drilling and extraction in the state, Phillips said. This will negatively affect parts of Texas that are more dependent on energy production, including the Permian Basin in West Texas and the Eagle Ford Shale in South Texas.

Job growth in the Houston region—which has a large share of energy-related jobs—will slow significantly but remain positive in 2015, he added.

Slowing exports may be another headwind for the Texas economy in 2015, according to Phillips. Texas exports have declined in recent months, and a strong U.S. dollar may further dampen exports this year. "
 
Henry David said:
It appears neither the left nor the right is able to create such growth. Could it be that such powers are not part of the repertoire for politicians?
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finding you or me a job with a living wage isn't part of their oath of office anyway. Perhaps given the nauseating profits of the 1% we do need a 2nd bill of rights, but paradoxically the same people without improved standard of living as part of their job description are the only ones who can amend the constitution so that it *would* be part of their oath

my $ is on them not doing so until forced to
 
WSUwarrior said:
When is it going to start?
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It has started. The U.S. is outperforming a large share of the advanced economies. From the IMF (2013 and 2014 results) and is forecast to continue to do so in 2015 and 2016:

IMF08012015.jpg


IMF World Economic Outlook (WEO) Update, July 2015: Slower Growth in Emerging Markets, a Gradual Pickup in Advanced Economies
 
Fenton said:
Huh ?

Texas is growing its economy quite well thank you. And its doing it in spite of Obama's destructive laws and regulations and mandates.

Its successful because its POLITICIANS apply Conservative economic principles that according to the left, don't work.
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Yeah, like that famous Texas politician George W. Bush who brought us the Conservative Medicare Part D. Or the other Texas guy Lyndon Johnson who brought us his Great Society or whatever he called it.
 
eohrnberger said:
Obamanomics in action.

Surprise! Bad fiscal, bad economic and bad regulatory policies DO in fact have a negative effect on the economy.

All this mouthing of giving a **** about the middle class is pure lies from Obama. All he's done is increase the burdens on the middle class.

We are to accept this as the new 'normal'?
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What makes you think the US economy is in such a horrible position and, further, that liberal policies are to blame ?

ImageUploadedByTapatalk1438536869.443967.jpg

Seems President Obama has turned the economy up since President Bush 2 steered it into the toilet. Why would you think our economy is doing so badly?

ImageUploadedByTapatalk1438536926.688315.jpg

Oh, right, republicans seems to be very poorly informed on the state of the US economy.

Citation:

Global Publics: Economic Conditions Are Bad | Pew Research Center
 
countryboy said:
I wonder about this every day. I have come to the conclusion that the propaganda from the left, has the no-information voter convinced, it's all the fault of the rich and big business. And yet, the policies the drones cheer for, do nothing but snuff out the little guy. Modern liberalism is literally a severe mental disorder.

The drones will never wake up, and these issues will never be solved at the ballot box.
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No group has done better than the 1% when Reagan, Bush1, Clinton, Bush2 were in office either but you don't see a trend? You blame Obama for not reversing it?
 
Absentglare said:
What makes you think the US economy is in such a horrible position and, further, that liberal policies are to blame ?

View attachment 67188006

Seems President Obama has turned the economy up since President Bush 2 steered it into the toilet. Why would you think our economy is doing so badly?

View attachment 67188007

Oh, right, republicans seems to be very poorly informed on the state of the US economy.

Citation:

Global Publics: Economic Conditions Are Bad | Pew Research Center
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You just have to review what the EPA has been doing during this administration. Got so bad that a federal judge smacked them down and told them their regulation was excessively costly, and that their cost wasn't a consideration (which it should have been).

Then you can look at ObamaCare, which I think it fair to say is going to cost employers. Yeah, you can argue in support of it or against the support of it, but the cost to employers I think is beyond dispute

Then you can look at Dodd-Frank. It raised the cost of regulatory compliance to the point where medium and small local banks can't cope with it, and are selling out to the big big banks, and all along it was promised to end 'too big to fail'.

A bit more digging, and there are hundreds, if not thousands, of similar stupidity, WRT to the economy, that this administration has inflicted on the nation.
 
countryboy said:
What austerity lite? Can you be specific?
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How about this:

Federal outlays in 2009 dollars, in trillions:

2009 — 3.52
2010 — 3.46
2011 — 3.60
2012 — 3.54
2013 — 3.45
2014 — 3.51

Fenton said:
Texas cities are booming. Californian cities are going bankrupt.
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No evidence offered.

>>Texas leads the Nation in Job Creation

Third in 2014, fourth in 2013, thirteenth Jun 2014 - Jun 2015, and not getting any better.

Texas' job growth slowed again in June after ticking up in May as the state continues to ride the roller-coaster impacts of lower oil prices and weaker demand for exports. — "Texas job growth slows again in June, state adds 16,700 jobs," Dallas Morning News, Jul 17, 2015​

>>California has the Nation's highest poverty rate and is home to 1/3 of the Natioms welfare recipients

The main reason California has such a high percentage of the nation's welfare cases is because it is one of the few states that continue to provide welfare checks for children once their parents are no longer eligible.

About three-quarters of California's welfare recipients are children age 18 and younger. Just three other states — Indiana, Oregon and Rhode Island — provide assistance checks to minors after their parents no longer qualify for welfare. — "Nation's largest welfare state makes deep cuts," finance.yahoo.com, Dec 29, 2011.​

That may have changed, but I don't see any date or source for your claim.​

>>Texas is the chosen new home for this huge wave of economic refugees that Obama's and the Democrats policies have created.

No evidence offered.

>>Texas is also the NEW home for hundreds of new Bussinesses that have been forced out of blue plague states like California

No evidence offered.

>>You have no idea what you're talking about

You may or may not have any idea what yer talking about. You offer very little evidence to back up yer positions. The fact that the evidence I provided directly contradicts or greatly undermines some of yer claims raises serious doubt about the others.

eohrnberger said:
what the EPA has been doing during this administration … look at ObamaCare … look at Dodd-Frank … there are hundreds, if not thousands, of similar stupidity, WRT to the economy, that this administration has inflicted on the nation.
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With due respect, you offer no evidence to back up yer position. Can't it be argued that EPA regulations are protecting the environment in ways that are, on balance, beneficial, that the ACA is in fact reducing the increases we've experienced for many years in the cost of healthcare and health insurance, and that reforms to financial sector regulations are effectively limiting the chance of another collapse like the one we experienced in 2008?
 
mmi said:
How about this:
. . . .
No evidence offered.
. . . .
No evidence offered.
. . . .
No evidence offered.
. . . .
You may or may not have any idea what yer talking about. You offer very little evidence to back up yer positions. The fact that the evidence I provided directly contradicts or greatly undermines some of yer claims raises serious doubt about the others.



With due respect, you offer no evidence to back up yer position. Can't it be argued that EPA regulations are protecting the environment in ways that are, on balance, beneficial, that the ACA is in fact reducing the increases we've experienced for many years in the cost of healthcare and health insurance, and that reforms to financial sector regulations are effectively limiting the chance of another collapse like the one we experienced in 2008?
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With due respect, I doubt that any evidence, no matter how conclusive, that I'd offer would be accepted by you. We just see your repeated 'No evidence offered' response, which seems to be like talking to a brick wall already.

None the less.
It is not at all clear that what happened in 2008 was the result of insufficient regulation or an economic system that is inherently unstable. On the contrary, there is compelling evidence that the financial crisis was the result of the government’s own housing policies. These in turn, as we will see, were based on an idea—still popular on the political left—that underwriting standards in housing finance are discriminatory and unnecessary. In today’s vernacular, it’s called “opening the credit box.” These policies, as I will describe them, were what caused the insolvency of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, and ultimately the financial crisis. They are driven ideologically by the left, but the political muscle in Washington is supplied by what we should call the Government Mortgage Complex—the realtors, the homebuilders, and the banks—for whom freely available government-backed mortgage money is a source of great profit.
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The case for repealing Dodd-Frank

Dodd-Frank wouldn't prevent anything like the financial collapse, nor does it end 'too big to fail' as promised, it in fact, has driven a great deal of bank consolidation, which makes the 'too big to fail' only worse, and not only that, it was predicted that it would, yet Democratically controlled congress ignored all the warnings may issued.

While you see good coming from EPA's actions as 'protecting the environment', it has in fact retarded protection of the environment, EPA's Dirty Little Secret: Its Regulation Prevents Effective Oil-Spill Cleanup for example. It's been power grabbing
Power grab: EPA wants to garnish wages of polluters Accused violators of pollution laws would have little recourse

A vast expansion of EPA regulatory power, down to what you can do with rain puddles on your own property. Lord help you if you have a pond of some sort. You’d be effectively blocked from making any changes to your property for fear of disturbing the affect downstream waters.

Obama administration prepares a rule proposal aimed at clarifying what water resources fall under the regulatory jurisdiction of the Clean Water Act, namely all of it.
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WETLANDS: Battle lines form as EPA hints at revised regulatory plan -- Tuesday, September 24, 2013 -- www.eenews.net

and, as is usual with this administration, has not been responsive to congressional oversight Five Months Later, EPA Still Hasn’t Complied With Congressional Subpoena

You add all that up, additional regulation expenses, and yes, it has a damaging impact on the economy, and are most of the reasons that we've had such a tepid recovery.
 
eohrnberger said:
You just have to review what the EPA has been doing during this administration. Got so bad that a federal judge smacked them down and told them their regulation was excessively costly,
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Did he? Did he say that?
 
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