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Thread: US unemployment rate reaches 7.6%

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    No just my general perception on where you would fit in with the worlds critics
    Address the arguments, not the poster. Are you incapable of such?
    If you believe in the Supernatural then you can become a millionaire!

    Questioning or criticizing another's core beliefs is inadvertently perceived as offensive and rude.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    What does this have to do with the majority commonfolk that are caught in a finacial situation where it is mathmatically impossible to make their payment?

    Most americans got caught up in a "borrow from Peter to pay Paul" situation.
    Seems to me that if the $x they get from a tax cut doesnt help them, then the $x they get from a government spending program won't hellp them to the same degree.

    Given that, why NOT the tax cut, and WHY the spending program?

    And then:
    Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    Seems to me that if the $x they get from a tax cut doesnt help them, then the $x they get from a government spending program won't hellp them to the same degree.

    Given that, why NOT the tax cut, and WHY the spending program?

    And then:
    Did you ever consider the idea that if there is a wholesale collapse of the economy and the government due to the current 'crisis', it might be in largest part because of the 'the government HAS to give people money' mindset, as implemented over the last 70+ years?
    I certainly agree to a point...a large part of our economic crisis started when our government let american citizens take their factories overseas to make even higher capitalistic profits.

    This was a huge double whammy because it also trained other countries how to build competative factories and is helping China to eventually pass us as an economic "Super Power" which in turn will help them pass us as a "Military Super Power"

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    I certainly agree to a point...a large part of our economic crisis started when our government let american citizens take their factories overseas to make even higher capitalistic profits.
    Um... this isnt an example of 'the government HAS to give people money' mindset.
    Please address the question I actually asked.

    Also....why NOT the tax cut, and WHY the spending program?

    And, how would you suggest that the government stop me from taking my factory overseas?

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goobieman View Post
    Um... this isnt an example of 'the government HAS to give people money' mindset.
    Please address the question I actually asked.

    Also....why NOT the tax cut, and WHY the spending program?

    And, how would you suggest that the government stop me from taking my factory overseas?
    Sorry, the economic issue is multy faceted and I went off on another tangent.

    I don't believe tax cuts would be neccesary if the american people receive enough money to help with the mortgage crisis along with reform on availability to recieve loans

    Overseas profits should be highly taxed (or strip them of citizenship) and replace the money the government gives for handouts
    Last edited by creativedreams; 02-10-09 at 02:42 PM.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    I don't believe tax cuts would be neccesary if the american people receive enough money to help with the mortgage crisis along with reform on availability to recieve loans
    Ok, so...
    Seems to me that if the $x they get from a tax cut doesnt help them, then the $x they get from a government spending program won't hellp them to the same degree.

    Given that, why NOT the tax cut, and WHY the spending program?

    Overseas profits should be highly taxed and replace the money the government gives for handouts
    The US governent doesnt have the power to tax profits for a company that doesnt do buisness here...

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    Sorry, the economic issue is multy faceted and I went off on another tangent.

    I don't believe tax cuts would be neccesary if the american people receive enough money to help with the mortgage crisis along with reform on availability to recieve loans

    Overseas profits should be highly taxed (or strip them of citizenship) and replace the money the government gives for handouts
    How do you propose civilization as a whole learns about living beyond your means? Government assistance for poor decisions?

    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 danarhea View Post
    Take a look at the U6 unemployment statistics, which is more accurate because it includes those who have run out of unemployment benefits, but still don't have a job.
    How do you possibly run out of unemployment benefits and still not have a job? Don't they go for like 6 months or something?

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goldenboy219 View Post
    How do you propose civilization as a whole learns about living beyond your means? Government assistance for poor decisions?

    I agree. Don't buy things you can't afford. That includes a home. If you take a loan out then you better make sure you can pay it off, even in bad times, or face the consequences of taking such a risk.
    If you believe in the Supernatural then you can become a millionaire!

    Questioning or criticizing another's core beliefs is inadvertently perceived as offensive and rude.

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    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Goldenboy219 View Post
    How do you propose civilization as a whole learns about living beyond your means? Government assistance for poor decisions?

    They already govern loan sharking...this is exactly the same except on a broader scale with smaller interests

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