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Thread: US Job Market Loses Steam

  1. #91
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    Re: US Job Market Loses Steam

    Quote Originally Posted by apdst View Post
    That's not greed, nor did people spending more than they could afford cause the recession. It was the doom-saying from politicians that had more to do with the recession, that cause a slow down in spending, more than anything else.
    Could not disagree more.

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    Re: US Job Market Loses Steam

    Quote Originally Posted by washunut View Post
    Could not disagree more.
    Didn't expect otherwise. There are alot of folks that can't/won't see that it's the uncertainty that the government created among private business, along with the, "the end is nigh", pontificatting that cause the recession. The Dems had to degrade the economy, so they could get elected. More importantly, it took the recession to get Obama elected.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US Job Market Loses Steam

    Quote Originally Posted by apdst View Post
    Didn't expect otherwise. There are alot of folks that can't/won't see that it's the uncertainty that the government created among private business, along with the, "the end is nigh", pontificatting that cause the recession. The Dems had to degrade the economy, so they could get elected. More importantly, it took the recession to get Obama elected.
    The housing bubble was going to burst eventually, just like the dot com bubble. The high leverage levels by financial institutions is also a risk that eventually ends poorly. People signing up for houses they could not afford with no money down. Did the government hurt as well, yes.

    When you point to just one problem that put us where we are changes the subjext to a meaningless blame game.

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    Re: US Job Market Loses Steam

    Quote Originally Posted by Harshaw View Post
    1) They weren't "humongous."

    2) 7-8 million jobs were created after they were enacted.

    3) You asked what was different today, so I answered it.
    Not humongous???

    “No men are anywhere, and I’m allowed to go in, because I’m the owner of the pageant and therefore I’m inspecting it,” Trump said... “‘Is everyone OK’? You know, they’re standing there with no clothes. ‘Is everybody OK?’ And you see these incredible looking women, and so I sort of get away with things like that.”

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    Re: US Job Market Loses Steam

    Quote Originally Posted by Harshaw View Post

    2) 7-8 million jobs were created after they were enacted.
    How do you know if they were due to the tax cuts? These people don't seem to think they helped much:

    Sluggish private job growth indicates failure of tax cuts
    Changes in tax law since 2001 reduced federal government revenue by $870 billion through September 2005. Supporters of these tax cuts have touted them as great contributors to growth in jobs and pay. But, in reality, private-sector job growth since 2001 has been disappointing, and a closer look at the new jobs created shows that federal spending—not tax cuts—are responsible for the jobs created in the past five years.

    If tax cuts have created jobs at all since 2001, it will have happened in the private sector. Assuming that job growth in 2006 matches the Bush Administration's projections, the economy will have added about 2.0 million jobs to the private sector from FY2001 through FY2006. But how many of these two million jobs actually can be attributed to tax cuts and how many to increased government spending—particularly increased defense spending—in this period?



    Based on Defense Department estimates of the number of private-sector jobs created by its own spending, we project that additional defense spending will account for a 1.495 million gain in private sector jobs between FY2001 and FY2006. Furthermore, increases in non-defense discretionary spending since 2001 will have added yet another 1.325 million jobs in the private sector, for a total of 2.82 million jobs created by increased government spending. Increased mandatory government spending—which is not even included in these estimates or the accompanying chart—would account for even more job creation. The mere fact that the projected job growth resulting from increased defense and other government spending exceeds the actual number of jobs projected to be added to the economy through 2006 clearly indicates that the tax cuts hardly seem plausible as the engine of the modest job growth in the economy since 2001.
    JobWatch
    “No men are anywhere, and I’m allowed to go in, because I’m the owner of the pageant and therefore I’m inspecting it,” Trump said... “‘Is everyone OK’? You know, they’re standing there with no clothes. ‘Is everybody OK?’ And you see these incredible looking women, and so I sort of get away with things like that.”

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    Re: US Job Market Loses Steam

    Quote Originally Posted by Middleground View Post
    Not humongous???

    Which, "Bush Policies", are they referring to?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: US Job Market Loses Steam

    Quote Originally Posted by Middleground View Post
    How do you know if they were due to the tax cuts? These people don't seem to think they helped much:



    JobWatch

    The EPI? Really? Nothing more biased out there? Economic Policy Institute is a well known biased org.


    j-mac
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    Re: US Job Market Loses Steam

    Quote Originally Posted by j-mac View Post
    The EPI? Really? Nothing more biased out there? Economic Policy Institute is a well known biased org.


    j-mac
    And yet you cannot muster how MG's post was off base or irrelevant. J-Mac: "Your source is wrong!" MG: "Why?" J-Mac:"Because it is!"

    Priceless!
    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 Job Market Loses Steam

    Quote Originally Posted by Goldenboy219 View Post
    And yet you cannot muster how MG's post was off base or irrelevant. J-Mac: "Your source is wrong!" MG: "Why?" J-Mac:"Because it is!"

    Priceless!

    Nope, I don't think so there GoldenBOY. All you need do is Google Economic Policy Institute bias, and you get a wealth of articles documenting how they have a well known liberal bias.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: US Job Market Loses Steam

    Quote Originally Posted by j-mac View Post
    Nope, I don't think so there GoldenBOY. All you need do is Google Economic Policy Institute bias, and you get a wealth of articles documenting how they have a well known liberal bias.

    j-mac
    But lets assume the specific institution has a bias lean; does that automatically relieve you from explaining to all of us the inaccuracies of MG's source? To be honest, i think you are just blowing hot air. If you could explain the shortcoming, you would have done so already.
    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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