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
Oh, gee! Damn, let me start using Rush and Glenn Beck as primary source material. That seems to be the new Liberal standard on the forum, now.
Why is Krugman credible? Because he says what you want to hear. That's why.
Now, Goldboy has shown that he's nothing more than a Libbo hack, too. Great jobs, kids!
If you don't like krugman you can look here:
Calculated Risk: Jobs and the Unemployment Rate
"The establishment survey showed a loss of 20,000 payroll jobs in January, but the household survey showed an increase in the employment level of 541,000."
Calculated Risk: Employment-Population Ratio, Part Time Workers, Temporary Workers
"A common question is: how could there be fewer payroll jobs, but the unemployment rate declined? This is because the data comes from two separate surveys. The unemployment Rate comes from the Current Population Survey (CPS: commonly called the household survey), a monthly survey of about 60,000 households.
The jobs number comes from Current Employment Statistics (CES: payroll survey), a sample of approximately 400,000 business establishments nationwide."
"The Employment-Population ratio ticked up slightly to 58.4% in January, after plunging since the start of the recession. This is about the same level as in 1983."
"The number of persons who worked part time for economic reasons (sometimes referred to as involuntary part-time workers) fell from 9.2 to 8.3 million in January. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job."
Calculated Risk: Employment Report: 20K Jobs Lost, 9.7% Unemployment Rate
"The unemployment rate fell from 10.0 to 9.7 percent in January, and nonfarm payroll employment was essentially unchanged (-20,000), the U.S. Bureau of Labor Statistics reported today. Employment fell in construction and in transportation and warehousing, while temporary help services and retail trade added jobs."
Yet I posted this post # 25 this tread
Yet yesterday we had this.
Jobless claims rise to 480,000 in latest week - Feb. 4, 2010
The number of Americans filing for initial unemployment insurance rose last week, the government said Thursday.
There were 480,000 initial jobless claims filed in the week ended Jan. 30, the Labor Department said in a weekly report. This is the highest level since Dec. 12 and up 8,000 from an upwardly revised 472,000 the previous week.
Economists were expecting claims to drop to 455,000, according to a consensus estimate from Briefing.com.
The 4-week moving average of initial claims was 468,750, up 11,750 from the previous week's revised average of 457,000.
The drop in percent unemployed is due to those who have given up looking for a Job.