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Thread: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Lord of Planar View Post
    It doesn't matter. There is also a fee or tax that I believe took effect on July. I forget the numbers, but it was something like 2% for last year, 4% for this, and next year will be much higher. Adjusted for what is needed.

    I forget the specifics, maybe someone knows which part of the law I am speaking of.
    There is something that is income contingent, like an extra 1% medicaid tax on folks making more than $200K/$250K per couple, as well as close to a 4% tax on investment incomes for them; there is also a something like a 4% tax on the sale of a home if the price is above some amount and the sellers' income is above a certain amount. For some reason I want to say it is if the sales price is over $750K and the sellers' other income is more than $500K but I would have to check.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Fisher View Post
    There is something that is income contingent, like an extra 1% medicaid tax on folks making more than $200K/$250K per couple, as well as close to a 4% tax on investment incomes for them; there is also a something like a 4% tax on the sale of a home if the price is above some amount and the sellers' income is above a certain amount. For some reason I want to say it is if the sales price is over $750K and the sellers' other income is more than $500K but I would have to check.
    No, this is a tax provision for businesses related specifically to health care.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Lord of Planar View Post
    If there was no bailout, there would have been a natural correction. The larger problem was actually from the FEC rule changes pertaining to short selling of stocks, which caused a huge problem for most investors, more so than one segment called the housing market.
    Now you're shifting the discussion. We weren't discussing the bailout (which Bush initiated) which started in late 2008. We were discussing the collapse -- which occurred prior to the bailouts. The collapse of the economy began with the collapse of the real estate markets -- which began in early 2006.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Sheik Yerbuti View Post
    Now you're shifting the discussion. We weren't discussing the bailout (which Bush initiated) which started in late 2008. We were discussing the collapse -- which occurred prior to the bailouts. The collapse of the economy began with the collapse of the real estate markets -- which began in early 2006.
    Yes, and so did short sales changes. If I recall right, July 2006 was when the rules changes.

    My point is that the impact of the housing market was small compared to the problems caused by the short sale changes. It harmed the entire market.

    Also remember. Republcans held fast against no bailout, until the provision was placed into law that money returned from the bailot loans could not be respent, but to pay back down the debt.

    Do you follow the finer nuances of such things, or read and go by sites like Common Dreams?

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Lord of Planar View Post
    No, this is a tax provision for businesses related specifically to health care.


    Americans for Tax Reform : Full List of Obamacare Tax Hikes: Listed by Size of Tax Hike

    Full List of Obamacare Tax Hikes | Congressman Jeff Duncan

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    I checked Gallup. Gallup Daily: U.S. Employment Looks to me like the unemployment rate has stayed the same or dipped slightly June 1 to July 1, then to August 1. It's gone up to 8.8% this August, which is alarming, but the month isn't quite over. It could recover a bit, or go up more. There are more layoffs in the news. Very distressing. Each layoff is a person whose life has been damaged.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days


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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Deuce View Post
    Yes, yes, everything is the fault of the Democrats. Not like Republicans had anything to do with anything.
    Your reasoning is similar to equating the actions of the ship captain who's leadership caused the vessel to ram the iceberg, and the steward who served him coffee at breakfast.
    Quod scripsi, scripsi

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by Lord of Planar View Post
    Yes, and so did short sales changes. If I recall right, July 2006 was when the rules changes.

    My point is that the impact of the housing market was small compared to the problems caused by the short sale changes. It harmed the entire market.
    My theory is that you are both somewhat right.
    I think the deregulation of banks that allowed them to merge with Wall Street and start gambling with all of the money was a big player.
    As well as stock market deregulation.
    As well as the collapse of the housing market.

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    Re: Gallup: Unemployment Rate Jumps from 7.7% to 8.9% in 30 Days

    Quote Originally Posted by CalGun View Post
    So being objective is forgiving liberals for burying us in debt.
    No, being objective is understanding "liberals" didn't bury us in debt. Being objective is looking at the statistics and understanding you are completely wrong.

    You conveniently left out repayments of 08 stimulus bail out money in 09/10.
    Uhh, no I didn't. It's included in the outlays.
    Quote Originally Posted by Lord of Planar View Post
    No, you can't unless that is all it is to you. A game.

    Facts are facts. The semiconductor/communications revolution and Y2K scare drove the 90's. Not Clinton.
    Yes, that was what I was getting at. You did read my ENTIRE post, right?

    "It's probably a better idea to discuss the policies which have resulted in the various changes, rather than timing."

    Quote Originally Posted by Sheik Yerbuti View Post
    Oh? And exactly which bill(s) did that Democrat-led Congress pass that you contend caused the economy to collapse?
    Don't bother, he's not interested in facts.

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