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Thread: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

  1. #71
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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Goldenboy219;1058606633]Depends on the Ricardian equivalence. Do you believe there will be greater taxation down the road or not.
    No, it isn't that complicated. Simple answer that you want to make complex

    K... got'em.... How does exchange effect the income component? (refer to the quantity theory of money).
    Foreign rates only affect import/exports which is a very small part of the GDP



    You are simply pointing out numbers that have no attached value to your position other than (obama is bad).
    Pointing out the numbers refute the Obama claim that things are getting better. It doesn't take a very smart person to look at the numbers and see what is happening.


    Another blanket statement without any merit.
    Apparently nothing posted is with merit in the world if an apparent intellectual elite.



    More labels? Seriously though, consider the consumer psyche. They are hesitant to spend even if they did have more money which is what gives your analysis its naivety. Therefore the fed (i no longer wish to discuss the fiscal aspect as you are far too subjective) will constantly monitor employment in attempts to help facilitate economic growth.
    The Psyche does play a role in this and that is what really helped the Reagan economy. Reagan understood that his economic policy of cutting taxes along with a positive message helped create the greatest economic boom in history. Reagan implemented the economic policy and then got out of the way. Obama wants to micromanage everything.



    In order for a job to be lost, the person has to have had it and then been fired or released. You are conflating two entirely different aspects of labor economics in an attempt to make an extremely weak point. Unless we see a sudden uptick in U-3 unemployment (or U-6 eclipse 20% on a consistent basis), bringing up discouraged workers is only used as smear against your political opposition.
    Sorry but discouraged workers exist and are being ignored to promote a more positive spin on the current economic disaster. The fact remains, Obama has done nothing that has had a positive affect on the economy and if you are truly a libertarian you would see that.


    Not ignoring anything. Do you find there is significance in reporting underemployment numbers? How about pointing out that they are up or increasing? It is like claiming it is cold in Chicago during January.
    Every year there is a January. Unemployment is not down it is up. What were the discouraged workers last January? Stop buying what the media and Administration are telling you.


    Not an Obama supporter nor care about your view of him. I do find it telling to point out your hate and argue against emotion and ideology. The economy will begin to recover during 2010 and see quite a bit of growth during 2011. Nothing you have presented points to the contrary.
    I have no personal hatred for Obama but his policies are something that I do hate and make no sense. What economic policy has Obama proposed to help the economy recover? Who pays for Obamacare if it passes? What affect does a repeal of the tax cuts have on private business? Do you honestly believe private sector employers are going to add employees based upon increasing costs?


    Well that all depends on the level of recovery... does it not? Why is long term credit far cheaper than it was during previous expansionary years? In accordance, what does the cost of credit do in regards to business investment? Forget arguing about fiscal policy. There are other aspects of stimulus not being considered in your analysis.
    When the Federal Reserve increases the interest rates what does that do to the debt service? What does that increase in interest rates do to private sector borrowing? What aspects of the stimulus have had a positive influence on the private sector?


    When will they spend? Down the road or right now??? Simply believing increased disposable income is a 1:1 function in regards to consumption is absolutely hilarious! I'd bet anything you do not even recognize your error. Either way, .
    LOL, again no answer, what do you do when you get to keep more of your own money? let me help you, you spend it, save it, invest it, or pay down debt. All helps the economy. Like a typical liberal you believe purely in mathematics. If you cut taxes and keep the same number of taxpayers tax revenue drops. That never happens however for when you cut taxes you create MORE taxpayers thus grow govt. revenue


    You mean the equivalence of: You were being taxed $25,000 one year and then $18,750 the next??? That's nice! Was there an incredible national debt exceeding 80% of GDP? Was there high inflation? You take everything to act on the most simplistic basis possible without considering quite a few important aspects.
    The Obama debt is projected to be 20 trillion dollars at the end of his term. What percentage is that of GDP? It really isn't that complex but liberals want to make the simple complex thus their very existence. Think instead of feeling.

    What do you think I did with that addition $6200? Again you don't truly understand GDP so get the facts before making a further fool of yourself.


    What was the multiplier effect of tax cuts then? What was the multiplier effect of the Bush tax cuts?
    Reagan cut taxes 25% and doubled GDP and Govt. revenue. Bush cut taxes but had 9/11, fought two wars to keep us safe, and had three major hurricanes, one being the worst in U.S. Modern history yet still grew govt. revenue. Bush tax rate cuts went into effect in July 2003

    From the U.S. Treasury site

    Total Income tax revenue

    2008 2,417.3
    2007 2,309.5
    2006 2148.2
    2004 1801.6
    2003 1705.9




    Nope. Otherwise we have a non market economy that is driven by the public sector. Instead, we have a primarily market orientated economy that reacts to various endogenous and exogenous stimulus. Thankfully monetary policy was quick to react during such a period.
    You really need to get out in the world, away from the textbooks, and experience real world economics and learn how our economy works.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    so much bull hidden from speakers of english in polysyllabic hrmph's

    such as:

    something is better than nothing

    during periods of very low monetary velocity cutting taxes will be less than desirable, i can agree on cutting taxes on middle to lower income

    realizing [free trade agreements] might be a tad bit tricky tho possible, we have to consider the net effects on international trade before we can assume positive externalities of free trade

    govt has the means necessary to smooth out the effects of [plummeting demand]

    why do investors invest in public securities paying nothing instead of putting their money in private enterprises that pay far greater returns?

    what will suddenly drop the uncertainty plaguing the economy?

    the cost of health care reform is quite ambiguous

    not all industries face decreased marginal profitability due to cap and trade

    talk of fiscal responsibility taken seriously

    health care reform not sponsored by talk radio

    tax cuts cannot be internalized by taxpayers as permanent

    in the absence of US reg, would firms reg themselves?

    the only one here talking about obama is you

    discouraged workers could be fixing their houses

    the only reason you bring up [discouraged workers] is you are looking for any reason to slam this admin for the state of the economy

    my political leaning has nothing to do with this discussion and only serves as a means to shift the discussion

    this is a pro business economy

    lumping [a million discouraged workers] into the unemployed category speaks volumes [about your motives]

    wanna bet?

    obama is not responsible for growing the private sector

    "I" was expecting 13% so we're ahead of expectations

    the relative size of discouraged workers is not a vital issue during this stage of the game

    i no longer wish to discuss fiscal aspects as you are too subjective

    unless we see underemploment at 20% on a consistent basis bringing up discouraged workers is only a smear

    are underemployment numbers significant?

    your hate and emotional ideology are showing, the economy will recover in 2010 and grow quite a bit in '11, your views to the contrary

    why is long term credit far cheaper today?

    otherwise we have a non market economy driven by the public sector
    Last edited by The Prof; 03-08-10 at 02:15 PM.

  3. #73
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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    the truth is so simple

    obama promised 8% tops

    he was wrong, way wrong

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by The Prof View Post
    no one except you (and my mom) really cares what i want

    on behalf of the american people---fix this economy, mr president

    NOW!

    or depart permanently the premises
    i doubt your mom cares either.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    apparently, you care

    about ME

    LOL!

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Those that voted for him were wrong. If only the head down grazing had taken a short break to look up and realize he's all wrong for America.....

    But, look at it this way. Had it been Hillary who was elected Pres you know, an actual American, she would have passed a health care bill already...and Republicans wouldn't have liked it. The President today is dazed and confused a much less difficult opponent for the Right.
    It was the Austrasians, that hewed on bravely through the thick of the fight, it was they who found and cut down the Saracen King.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    If someone has already asked this question I apologize, but if we lost 36,000 jobs last month, and the workforce in the US is give or take, around 130 Million...Shouldn't that change the unemployment rate?


    j-mac
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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by Charles Martel View Post
    Those that voted for him were wrong. If only the head down grazing had taken a short break to look up and realize he's all wrong for America.....

    But, look at it this way. Had it been Hillary who was elected Pres you know, an actual American, she would have passed a health care bill already...and Republicans wouldn't have liked it. The President today is dazed and confused a much less difficult opponent for the Right.
    I've been saying for the last year........ Barry and this Congress will be the best thing to happen to this country for a long time, and they are making me look good.

    This country seems to have to elect a totally clueless Democratic administration every generation just to remind us all just how bad for our country the Democratic party is....... this administration will be the new bar for future liberal administrations to shoot under.

    Barry……. Jimmy Carter thanks you from the bottom of his peanut pickin’ heart.
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    Quote Originally Posted by j-mac View Post
    If someone has already asked this question I apologize, but if we lost 36,000 jobs last month, and the workforce in the US is give or take, around 130 Million...Shouldn't that change the unemployment rate?


    j-mac
    j-mac, BLS claims that the labor force is 153.5 and the unemployment number is 14.8 million which divided by the 153.5 is 9.7%. If you add the discouraged of 1.1 million to the unemployment number the rate would be 10.4.

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    Re: Jobless Rate Holds at 9.7%; Weather Cited in Job Losses

    obama has absolutely destroyed himself and his party with his utter and replete incompetence

    america has never seen the like

    again and again he has set himself up for prodigious political pain (health care, cap and trade, the stimulus) with NO GAIN for himself or his own

    this is why he's the most inept politician at the national level america has ever seen
    Last edited by The Prof; 03-08-10 at 06:33 PM.

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