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Thread: US Job Market Loses Steam

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    Re: US Job Market Loses Steam

    Quote Originally Posted by Grim17 View Post
    From the summer of 2003 when the tax cuts for everyone went into effect, until the housing and financial markets went belly up, those tax cuts created over 8 million jobs. (See image below)

    Why don't you check the statistic from the BLS website and get back to me.
    Bureau of Labor Statistics Data
    What were the top marginal tax rates during this period? Similarly, tax revenues made up what percentage of GDP during this period? Finally, tax revenues made up what percentage of GDP during the Reagan and Bush administrations?
    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 Redress View Post
    "Created after" does not mean "caused by".
    I never said it did. But MG said "it hasn't seemed to work one iota." Yet there was job growth. So perhaps you should be after her to explain why she thinks the tax cuts couldn't have affected it at all. That is what "not one iota" means.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: US Job Market Loses Steam

    Quote Originally Posted by Middleground View Post
    This is slightly off-topic, but it seems to be that the Bush tax cuts to the very wealthy (which are still in effect) did not increase jobs one iota.
    Not onlpy off topic, but dead wrong: tax cuts just for the wealthy. If you actually lived here, you might understand what's going on.
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    Re: US Job Market Loses Steam

    Quote Originally Posted by Redress View Post
    "Created after" does not mean "caused by". In fact, since tax cuts other than the ones that will probably be allowed to expire occurred at the same time, and other factors came into play.
    Care to explain that in detail, with supporting documentation?
    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
    Care to explain that in detail, with supporting documentation?
    Correlation does not imply causation - Wikipedia, the free encyclopedia

    Oh come on, this is grade school stuff.
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    Re: US Job Market Loses Steam

    Quote Originally Posted by Harshaw View Post
    I never said it did. But MG said "it hasn't seemed to work one iota." Yet there was job growth. So perhaps you should be after her to explain why she thinks the tax cuts couldn't have affected it at all. That is what "not one iota" means.
    She did not state it as fact, but as it not "seeming" to have worked. You implied something pretty direct.
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    Quote Originally Posted by Fiddytree View Post
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    Re: US Job Market Loses Steam

    Quote Originally Posted by Redress View Post
    She did not state it as fact, but as it not "seeming" to have worked. You implied something pretty direct.
    Then perhaps you should ask her why she says it doesn't "seem" to have worked when there was job growth.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: US Job Market Loses Steam

    MG, why do you think it seems to not work when there was job growth after?

    There, happy?

    I again point out that the job growth may very well not have had much to do with the tax cuts on over 200k people. In point of fact, I doubt those tax cuts had much effect.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: US Job Market Loses Steam

    Here is the way I see it. Yes, 71,000 private sector jobs were created, but that is not enough to keep up with all those people coming out of school and entering the work force. As for who is responsible, Obama is not doing enough, the downturn began in 2007, while Bush was still in office, and Clinton signed the repeal of Glass-Steagal into law. There is plenty of blame to go around. The primary villain, however, is pure, unadulterated greed.
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    Re: US Job Market Loses Steam

    Quote Originally Posted by Redress View Post
    MG, why do you think it seems to not work when there was job growth after?

    There, happy?
    Whatevs. Not sure why it took so much prompting, though.


    I again point out that the job growth may very well not have had much to do with the tax cuts on over 200k people. In point of fact, I doubt those tax cuts had much effect.
    I never said otherwise. My only point was the question you just asked MG.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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