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Thread: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

  1. #191
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    i don't expect squat, i don't figure, i don't signify

    AMERICA expects solutions

    that's why he ran

    and he better HURRY UP

    he's way late, already

    mom's cold and the baby's got the croop...
    What should he do?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  2. #192
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    the exact opposite of what he's done

  3. #193
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    the exact opposite of what he's done
    So he should have raised taxes last year?
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  4. #194
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    he should have got us out of this mess

    he's president, bottom line

  5. #195
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by USA-1 View Post
    You really expect a lot. It took a decade to ruin the economy, yet you expected Obama to fix it in a year?
    Could anyone have fixed it?
    What could have been done to fix the housing sector?
    What could have been done to prevent all those job losses?
    Bush and Co. tried zero percent interest rates and tax cuts. That just made things worse. What could have Obama done differently to fix the economy in his first year?
    We've been screwed ever since the New Deal started a malignant increase in government and the number of people who are dependent upon it

    Bush's fault wasn't tax cuts. The Taxes in this country are way too high on the top 10% and way too low on the bottom 90%

    its the spending where he was deficient and much of that spending can be tied to the destruction of the tenth amendment engineered by FDR



  6. #196
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    cbo elmendorf, this morning: the path we're on is "unsustainable"

    Elmendorf noted a recent CBO report that pegged an increase in the public debt from $7.5 trillion at the end of 2009 to $20.3 trillion at the end of 2020 if President Barack Obama’s fiscal 2011 budget were to be implemented as written. As a percentage of gross domestic product, the debt would rise from 53 percent to 90 percent, CBO forecasted.
    CBO chief says debt 'unsustainable' - Jonathan Allen - POLITICO.com

    is that spin?

    bernanke and volcker said things similar

    you folks really need to wake up, it's bad out there

    and pretty much everyone who is anyone (not currently working for this administration, that is) knows it

    you really need to quit dodging and own up

    it's all yours

  7. #197
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    cbo elmendorf, this morning: the path we're on is "unsustainable"



    CBO chief says debt 'unsustainable' - Jonathan Allen - POLITICO.com

    is that spin?

    bernanke and volcker said things similar

    you folks really need to wake up, it's bad out there

    and pretty much everyone who is anyone (not currently working for this administration, that is) knows it

    you really need to quit dodging and own up

    it's all yours
    And despite this...BarryCo imposed yet another massively underfunded entitlement program on us...

  8. #198
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by liblady View Post
    most jobs added in three years is good news.
    Its false good news when they are either temp jobs or government jobs. Much of this is both.

    I would be much happier if most of these jobs were actually doing something valuable or actually creating or sustaining a product. Creating or sustaining bigger government only draws resources away from the private sector which hurts us all in the long run.
    Thank you

  9. #199
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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by The Prof View Post
    cbo elmendorf, this morning: the path we're on is "unsustainable"
    Elmendorf was talking about the nation's long-term fiscal outlook, a matter that is separate from the current cyclical recovery that is now underway. That the economy is now recovering from the severe recession and the job market may be in the early stages of resuming growth does not change the grim reality of the long-term fiscal challenges facing the U.S.

    The U.S. cannot grow its way out of its structural budget deficits. Discretionary spending reductions, mandatory spending reform (with fundamental health care reform that addresses the excessive cost growth issue), and some tax hikes will all be necessary if the U.S. is to address its fiscal challenges. The sooner a credible fiscal consolidation strategy is developed, the better. Once the recovery is sustained, the nation should begin to implement a fiscal consolidation strategy. 2011 might mark a feasible starting point. By all reasonable measures, the absence of such a strategy within the next year should warrant the U.S. being given a negative outlook by the major ratings agencies.

    Unfortunately, I expect ideologues to try to hinder progress even if their rigidity is largely about perpetuating a failing fiscal approach at the expense of future opportunities and generations. On one side, some political leaders will resist the possibility of meaningful spending reductions (discretionary and mandatory). On the other, some political leaders will resist the possibility of tax hikes. Yet, the magnitude of the fiscal challenges is such that there can be no sacred ideological cows. Tough choices will need to be made if the transition to fiscal sustainability is to be relatively smooth and the nation is to avert a long-term debt crisis.
    Last edited by donsutherland1; 04-09-10 at 12:36 AM.

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    Re: U.S. Economy Added 162,000 Jobs in March, Most in 3 Years

    Quote Originally Posted by donsutherland1 View Post
    Elmendorf was talking about the nation's long-term fiscal outlook, a matter that is separate from the current cyclical recovery that is now underway. That the economy is now recovering from the severe recession and the job market may be in the early stages of resuming growth does not change the grim reality of the long-term fiscal challenges facing the U.S.

    The U.S. cannot grow its way out of its structural budget deficits. Discretionary spending reductions, mandatory spending reform (with fundamental health care reform that addresses the excessive cost growth issue), and some tax hikes will all be necessary if the U.S. is to address its fiscal challenges. The sooner a credible fiscal consolidation strategy is developed, the better. Once the recovery is sustained, the nation should begin to implement a fiscal consolidation strategy. 2011 might mark a feasible starting point. By all reasonable definitions, the absence of such a strategy within the next year should warrant the U.S. being given a negative outlook by the major ratings agencies.

    Unfortunately, I expect ideologues to try to hinder progress even if their rigidity is largely about perpetuating a failing fiscal approach at the expense of future opportunities and generations. On one side, some political leaders will resist the possibility of meaningful spending reductions (discretionary and mandatory). On the other, some political leaders will resist the possibility of tax hikes. Yet, the magnitude of the fiscal challenges is such that there can be no sacred ideological cows. Tough choices will need to be made if the transition to fiscal sustainability is to be relatively smooth and the nation is to avert a long-term debt crisis.
    Sincerely,
    George W. "I gots a Social Security Knife still in my back Bush"

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