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Thread: Obama says GOP making life harder for the jobless

  1. #111
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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by CaptainCourtesy View Post
    No, the problem is Washington is doing NOTHING.
    What is Washington supposed to do?

    I find statements such as this indicative of a new (and I think disturbing) American mindset that it is somehow government's job to "fix" everything.

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by NolaMan View Post
    It does not matter. It is simply not financially feasible to continually expand unemployment benefits until there are enough jobs. How many "jobs" are enough? How many people refuse to take "jobs" just because they perhaps would earn basically the same amount as they can collect on unemployment?

    A line has to be drawn somewhere. We simply cannot afford to endlessly deficit spend for this vague notion of "jobs".
    Not that we would have to spend until this point, but I believe we do measure the natural unemployment rate, so that would be a good goal. Luckily though, unemployment is a function of your wages you earned, so it will always be a percentage of your wages you earn at work. I think right now its like 50%. Also, people not getting a job because of generous unemployment benefits would be considered structural unemployment and would be part of the natural unemployment rate, something wich we are far above right now.

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by drz-400 View Post
    Not that we would have to spend until this point, but I believe we do measure the natural unemployment rate, so that would be a good goal. Luckily though, unemployment is a function of your wages you earned, so it will always be a percentage of your wages you earn at work. I think right now its like 50%. Also, people not getting a job because of generous unemployment benefits would be considered structural unemployment and would be part of the natural unemployment rate, something wich we are far above right now.
    Fair enough. I have seen natural unemployment estimates however argued at being between 5-7%. Where do you come down on that and how would that issue be politically resolved?

    Additionally, unless we are going to agree on setting natural unemployment much higher than it has traditionaly been, under this model we would expect to continue unemployment spending for the forseeable future at large levels, something that I do not think is economically beneficial, or sustainable in the long term.

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by drz-400 View Post
    Yep, and what does GDP measure?
    If they continue to layoff they are not producing

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by drz-400 View Post
    Did those happen in 2009? Ahh, yes maybe this year, that is yet to be seen.
    You can not cherry pick one year of a presidency and base the whole term on it. Obama is pushing cap and tax which will but a great burden on the economy and on the poor and middle class

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by NolaMan View Post
    It does not matter. It is simply not financially feasible to continually expand unemployment benefits until there are enough jobs. How many "jobs" are enough? How many people refuse to take "jobs" just because they perhaps would earn basically the same amount as they can collect on unemployment?

    A line has to be drawn somewhere. We simply cannot afford to endlessly deficit spend for this vague notion of "jobs".
    Entitlement programs are the democrats way

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by NolaMan View Post
    Fair enough. I have seen natural unemployment estimates however argued at being between 5-7%. Where do you come down on that and how would that issue be politically resolved?

    Additionally, unless we are going to agree on setting natural unemployment much higher than it has traditionaly been, under this model we would expect to continue unemployment spending for the forseeable future at large levels, something that I do not think is economically beneficial, or sustainable in the long term.
    I think the BLS or the fed could have the final say, and if unemployment insurance really does have such a large effect on structural unemployment, essentially taking everyone that is currently unemployed due to cyclical reasons and making them structurally unemployed (ie they will not work now because of the benefits) then the natural rate will very nearly equal the rate of unemployment, and we could consider reducing benefits.

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by ptif219 View Post
    If they continue to layoff they are not producing
    GDP measures output.

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by ptif219 View Post
    You can not cherry pick one year of a presidency and base the whole term on it. Obama is pushing cap and tax which will but a great burden on the economy and on the poor and middle class
    I am not really cherry picking since he has only been president a year and a half. Also, I think the hope is that the job situation will improve, so we can reduce both spending and increase taxes to pay down the deficit, at least these are my hopes.

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    Re: Obama says GOP making life harder for the jobless

    Quote Originally Posted by NolaMan View Post
    What is Washington supposed to do?
    They are supposed to foster an environment where business and commerce can grow and succeed. That in turn creates jobs and a demand for skills. This in turn increases wealth and share of money as well as provides increase to manufacture.

    Government's "fix" is to get the hell out of the way.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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