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Thread: US unemployment rate reaches 7.6%

  1. #91
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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by PeteEU View Post
    I have stated this time and time again. You can not compare unemployment numbers between any EU nation or the US. The US numbers are not "real" numbers but a freaking poll. The real number is estimated at 13 to 14% in the US.
    Anyone else see the irony here?

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    So, why not first cut the taxes and then make up the difference, if there is any, with government spending??
    I agree this would be the same but people that were unemployed about a year now would see no benefit from tax cuts

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    I agree this would be the same but people that were unemployed about a year now would see no benefit from tax cuts
    So you agree:
    Cut taxes first
    Spend money second.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by PeteEU View Post

    If we look at each country, there are different stories. Germany the worlds second or third largest exporter (larger than the US btw), is dependant on exports some what, which means if people stop buying, then they will get hurt. But so will China, Japan, and all the other big exporters.
    Germany is no.1, China is no.2, and the US is no.3
    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: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    So you agree:
    Cut taxes first
    Spend money second.
    If they both come at the same time sure.

    This economy is in no position to see if tax cuts alone will help (kind of like waiting to see if the anti-biotics will work before the infection spreads too far)

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    So, contrary to your previous claim, you were NOT just reporting the news.
    Where in the heck do you get that from? I never said I didn't analyze the situation.. It was a first analyzes of the news I read. If you ever read my breaking news posting, you will see than 90% of them also contains a short analyzes.
    Europe is illegally occupied by the US

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    There is no such thing as 100% capitalism.... and, 100% capitalism would dictate that there would be no 'bailouts'.
    the bailouts are hyper capitalism. Paying to save the companies, instead of just throwing that money to the people instead to stimulate the economy, which would clearly be judged by Americans as socialism.
    Europe is illegally occupied by the US

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Maximus Zeebra View Post
    Where in the heck do you get that from? I never said I didn't analyze the situation..
    You, yourself, said you were just reporting the news.
    Obviously, that's not true.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Maximus Zeebra View Post
    the bailouts are hyper capitalism. Paying to save the companies, instead of just throwing that money to the people instead to stimulate the economy, which would clearly be judged by Americans as socialism.
    Under capitalism, where the market decides what companies live and die, there are -no- bailouts.
    Under "Hyper" capitalism, this is even more the case.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Ikari View Post
    No, what we need is less socialism; especially corporate socialism. We moved away from the free market quite some time ago, opting for some horrible version of corporate capitalism. We removed much of the mobility. Poor people don't have that much chance of getting rich and the rich have virtually no way of becoming poor. What's needed is true free market capitalism with full class mobility. That way no one can stagnate. Want to remain rich? Well you're gonna have to work at it. While at the same time opening up avenues for the poor to start climbing the economic ladder. I'm not saying bottom 5% to top 1% sort of thing; but give realistic opportunity to at least make it into the middle class. The unfortunate truth is that with our corporate capitalist model and freezing of class structure; those born poor are most likely to die poor. In the meantime people like Paris Hilton will never chance being poor. Should live by the sweat of your brow.
    You will probably puke at my solution.. But what I envision to make something like you describe real, is that maximum inheritance should be 500.000$/ or 10 times GDP(alternatively) per person, per person they inherit from, while the rest is redistributed by the state.

    So those people would still get a good start in life which they deserve from having parents who worked to earn as much as they did, but they would have to do something with their life to continue to live well. They would have to work/be productive. Such a solution I think would function really well in Europe, where the money would be redistributed to our social programs, but it could easily also work in the US, and be redistributed in unemployment systems and health care and so on.
    Europe is illegally occupied by the US

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