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Thread: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

  1. #171
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

    Quote Originally Posted by Conservative View Post
    Of course you don't but you do hire based upon demand for the goods and services you provide and have to know that people with more spendable income have the opportunity to spend some of that on your goods and services and all that begins with tax rates which determine spendable income.
    That's valid.

    .
    There were a number of bailouts so lets make sure we are on the same page, which bailouts did you support if any? I don't recall a run on the banks so enlighten me. Of course I live in TX which seems to be better off than the rest of the country and may have missed it.
    Well Texas probably would be fine. In the early 20th century a run on the banks was almost standard M.O. in Europe and America. What era do you want an example from? Bottom line is that when banks are tanking (as BofA and WF were) people want to put them money in their mattresses and not into a bank that cannot pay its bills.


    You are kidding, right, you believe I am for public sector jobs? Haven't been around much have you? Read my posts. I am for the private sector and believe the govt. is too big and that size is promoted by Obama. If Obama doesn't make economic policy with a Democrat Congress who does?
    The sitting chairman of the largest Federal Reserve Bank makes policy. Obama goes to G-20 and other economic forums to hold hands with Cameron and kiss Merkle on forehead. The real economic policy is made by commissioners, or their equivalents, elsewhere. It's not a conspiracy.

    I totally meant "private" instead of "public". Sorry, I should proof-read.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

  2. #172
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

    Quote Originally Posted by Arch Enemy View Post
    Job growth is not dependent on taxes that's a weak correlation at best.
    tell it to bayh, nelson, lieberman, landrieu, webb, lincoln, finance chair baucus, budget chair conrad...

    http://www.politicsdaily.com/2010/09...liking-the-id/

    which is why we are where we are today

    tell it to peter orszag

    "[O]ver the medium term, the tax cuts are simply not affordable" but allowing the tax cuts to expire at the end of the year would "make an already stagnating jobs market worse," Orszag continued.
    Orszag calls for tax cut extension in news column - Sep. 7, 2010

  3. #173
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

    Quote Originally Posted by Conservative View Post
    Hopefully the elections of Nov. 2 will keep him in check. Just get ready for the media outrage over what the Republicans are going to do.
    Ditto, brother.
    Catch me if you can.

  4. #174
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

    Quote Originally Posted by Arch Enemy View Post
    That's valid.

    .


    Well Texas probably would be fine. In the early 20th century a run on the banks was almost standard M.O. in Europe and America. What era do you want an example from? Bottom line is that when banks are tanking (as BofA and WF were) people want to put them money in their mattresses and not into a bank that cannot pay its bills.




    The sitting chairman of the largest Federal Reserve Bank makes policy. Obama goes to G-20 and other economic forums to hold hands with Cameron and kiss Merkle on forehead. The real economic policy is made by commissioners, or their equivalents, elsewhere. It's not a conspiracy.

    I totally meant "private" instead of "public". Sorry, I should proof-read.
    I thought we were discussing the current financial crisis which as I stated I didn't see a run on the banks.

    I also thought we were discussing economic policy not monetary policy. I remain strongly supportive of private sector jobs not public sector jobs. Our economy was built on the private sector not the public sector.

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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

    so, having seen all there is to see, and over again, here we reach the juncture where progressive apologists will quote from their ivy league text books in language obstinately opaque and obscurantist...

    when, in reality, they might be better off speaking in the common coin of the realm

    because mom and pop see NINE POINT EIGHT---TWO YEARS LATER---for exactly what it is

    bad, worse, and getting worser

    ie, bottom line

    we can debate quantitative easing and consumer levaraging, supply side curves and david stockman...

    but the more we do the more mom and pop, in their GUTS, where politics is played, KNOW

    arithmetic suffices, and normal americans have no need for, indeed, hold an actual aversion to necromancy

    and politics will always trump economics

    america demands a redirection AWAY from obamanomics, with its massive uncertainties surrounding TAXES, HEALTH CARE, ENERGY, financial REGULATION...

    and mom and pop are pleased to see its start with the inevitable extension of the current tax rates for ALL AMERICANS

    ie, NO TAX INCREASES IN MIDST OF RECESSION---economics 101

    the LAST KEYNESIAN is what THE GUARDIAN called him 6 months ago

    G20: Make poverty history, but not just yet | Editorial | Comment is free | The Guardian

    at the g20 a week after tsunami tuesday, because of bernanke's ubiquitous bailouts, the international economic community, according to the NATL JOURNAL, treated him like RODNEY DANGERFIELD

    NationalJournal.com - America?s Rodney Dangerfield Moment - Friday, November 12, 2010

    it is what it is

    the pulitzer pauls will prattle, the nobel neds will nag

    but REALITY must prevail

    obama's policies have FAILED, both economically AND politically

    it was all so predictable

    good luck to all of you, times are gonna get even tuffer
    Last edited by The Prof; 12-03-10 at 11:26 PM.

  6. #176
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    Re: Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

    You know, economists predicted that the economy would recover by January 2009 assuming congress did nothing. Here we are approaching January 2011 and the "do something...anything...for God's sake only government can fix it" congress and President have managed to take a downturn and stretch into a depression.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

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