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

  1. #21
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Conservative View Post
    This unemployment is really lagging, well over a year after the recession ended the unemployment is higher on a month to month basis this year than last. Any idea why? I do but let's see if you finally come to the right conclusion.
    Top III:

    1.) Consumer deleveraging. Increased saving (which includes paying down debt) reduces the aggregate level of consumption.

    2.) Bouts of deflation. Asset volatility has affected the psychology of buyers and sellers. Irrational exuberance often causes people to view short term valuations from a shaded lens, which is kind of understandable, but none the less is counterintuitive.

    3.) Lack of business investment. Investment in equipment and software took a major tumble in Q4 2008, and has yet to hit pre-crisis levels.
    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: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Conservative View Post
    I gave you the bls.gov link that shows unemployment throughout history. You can go back to any recession in U.S. history and go a year after that recession ended and check out the unemployment month to month. It is all about economic policy and this President's economic policy is a disaster.
    Unlike you, i believe the private sector creates long term job growth. The president's economic policy has an indirect affect; only a blind obedient to ideology would state that his policy has been anything but stimulative.
    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: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Grant View Post
    Thanks for that!

    So all that joblessness is actually good news, right?
    Care to show where i stated anything of the sort?
    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: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Goldenboy219 View Post
    Top III:

    1.) Consumer deleveraging. Increased saving (which includes paying down debt) reduces the aggregate level of consumption.

    2.) Bouts of deflation. Asset volatility has affected the psychology of buyers and sellers. Irrational exuberance often causes people to view short term valuations from a shaded lens, which is kind of understandable, but none the less is counterintuitive.

    3.) Lack of business investment. Investment in equipment and software took a major tumble in Q4 2008, and has yet to hit pre-crisis levels.
    So then the way to increase economic activity and create jobs is to raise taxes on the rich? Now why would any business invest not knowing the cost of that investment due to Obama policies? Get your nose out of the economics book and get out into the real world talking to actual business owners.

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Goldenboy219 View Post
    Unlike you, i believe the private sector creates long term job growth. The president's economic policy has an indirect affect; only a blind obedient to ideology would state that his policy has been anything but stimulative.
    LOL, yep, that indirect affect on the economy led to more than 4 million more unemployed, 3 trillion added to the debt, and uncertainty on the part of businesses as to their costs going forward. Yep, that hope and change is sure working out perfectly. You are right, spending all that money hasn't been stimulative, so why was it done in the way it was spent?

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Paschendale View Post
    The argument here, as far as I can see, is whether or not 9.8 counts as recession. I think it does. You don't. And there's 4 posts calling me an idiot for disagreeing about a term. Bravo.
    A lot of people would agree with you... I'm guessing that 9.8% of the nation's workforce could care less what the technical definition of a recession is.

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Conservative View Post
    So then the way to increase economic activity and create jobs is to raise taxes on the rich?
    Why the need to instantly resort to a logical fallacy? I've made no mention of deficit reduction during the period of the recovery.

    Now why would any business invest not knowing the cost of that investment due to Obama policies?
    This is a poor argument, and of course, another logical fallacy. The reason business investment declined was not because of these Obama policies. Lack of consumer demand trumps all.

    Get your nose out of the economics book and get out into the real world talking to actual business owners.
    Good job, make it three fallacies in a row! In case you haven't noticed the cost of owning and running a business has fallen since 2008.
    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: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Whovian View Post
    Really? His supporters think he hasn't done enough? ya think, Captain Obvious???
    Or their old standby that he was dealt such a terrible hand, and it will take a long time to overcome the excesses of Bush.
    The United States is entirely [354 U.S. 1, 6] a creature of the Constitution. 3 Its power and authority have no other source. It can only act in accordance with all the limitations imposed by the Constitution. -REID v. COVERT, 354 U.S. 1 (1957)

    Choosing between PUBS and DIMS is like choosing between warm crap and warmer crap; they both stink. Shooterman 1935-

    God made Texas almost perfect, but gave us 'skeeters, 'gators, rattlesnakes, and LIB DIMS and PUBS ( still rattlesnakes ) so we wouldn't think we were already in Heaven. Shooterman 1935-

    The economy is experiencing a crack up boom. That's like a woman flying upside down in a plane and attempting to land; big crack up, go boom.

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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Goldenboy219 View Post
    Why the need to instantly resort to a logical fallacy? I've made no mention of deficit reduction during the period of the recovery.



    This is a poor argument, and of course, another logical fallacy. The reason business investment declined was not because of these Obama policies. Lack of consumer demand trumps all.



    Good job, make it three fallacies in a row! In case you haven't noticed the cost of owning and running a business has fallen since 2008.
    Guess I will just have to live with the fact that my falacies as you call them are backed up by actual results. The Private sector is not increasing jobs at a rate that is reducing the unemployment numbers, businesses aren't investing because consumer demand isn't there because of uncertainty as to what their costs will be next year thus are saving. My comments regarding raising taxes on the rich had nothing to do with deficit reduction because raising those taxes won't affect the deficit

  10. #30
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    Re: Unemployment rate hits 9.8%. Hope and Change?

    Quote Originally Posted by Shooterman View Post
    Or their old standby that he was dealt such a terrible hand, and it will take a long time to overcome the excesses of Bush.
    LOL, the excesses of Bush? How long are liberals going to blame Bush for the mess that Obama is creating? Are liberals ever going to wake up to the fact that Obama has made them look foolish? Facts obviously have no place in the liberal world so carry on, Obama supporters.
    Last edited by Conservative; 12-03-10 at 01:35 PM.

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