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Thread: Private sector sheds 39,000 jobs in September

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    I like the WSJ, but I'm not sure that address what I speaking about. I'm speaking to more people paying premiums who were not paying premiums. We have a large number of uninsured people who will now be paying money to insurance companies. This has to increase revenue, making rate increase less neccessaary.

    The tax seems to speak to something else I think.
    It will be hard to pay when unemployed

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by ptif219 View Post
    He has done nothing. He is incompetent and has failed when it comes to unemployment and the economy. Growing the debt and government will not fix either.
    Well, I don't see a rational argument there. Only an emotional appeal that is rooted in anger. For those who needed coverage and now will be covered, they might see it a little different than you do. it's possible you know.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    Well, I don't see a rational argument there. Only an emotional appeal that is rooted in anger. For those who needed coverage and now will be covered, they might see it a little different than you do. it's possible you know.
    If the economy is in the tank and unemployment is high how is this paid. Increasing the debt to pay for it increases the problem. Obama has failed.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    Yes, and that would effect government spending and not insurance company needs to increase premiums, right? Not saying the bill is perfect, but I doubt the insuirance companies need to raise premiums.
    Don't forget that a fair number of people getting coverage will be people who are already sick, which will increase the costs to the insurance companies, which will increase premiums because you KNOW they are not going to just eat the costs themselves.

    Now, back to your regularly scheduled jobs thread....

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    Re: Private sector sheds 39,000 jobs in September

    Ah the manufacturing sector... this is what happens when cheap foreign labour competes with domestic markets. Obama is not to blame.

    China is essentially lending the money to the US so that the US can buy their stuff. This isn't sustainable. Eventually both the Yuan and the greenback are going to have to be massively devalued, and the entire thing will fall apart bringing down both economies in the process, via hyperinflation. You think the unemployment rate is bad now? Just wait.

    The current arrangement creates an illusion of growth in both countries, but it is only illusion, because there is no increase in standard of living or real personal income. The US growth illusion comes from the increase in spending on lower and lower grade products which have a shorter and shorter lifespan, but via hedonic manipulation of the numbers the government can make it look like growth. The growth in China is a capital growth only. The national reserves increase, thus making the country look more prosperous, but what real good does holding the bills of a bankrupt nation really do? China will never be able to convert its US money holdings into assets other than paper, unless their domestic economy magnifies at unrealizable rates so that their own citizens can unburden their own government of this worthless paper debt.

    Unless things change, you can expect the situation to continue to deteriorate in the future. Obama only has the power to initiate small changes. It would take several administrations to pull it off. Right now though it looks like the status quo to me.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Whovian View Post
    Don't forget that a fair number of people getting coverage will be people who are already sick, which will increase the costs to the insurance companies, which will increase premiums because you KNOW they are not going to just eat the costs themselves.

    Now, back to your regularly scheduled jobs thread....
    To be honest, I don't know what that number will be. Many tell me we have a large number of healthy people who will be forced to pay premiums. However, if insurance companies are going to raise rates, I would think they would have to prove that more sick people than well people will be added.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by Boo Radley View Post
    To be honest, I don't know what that number will be. Many tell me we have a large number of healthy people who will be forced to pay premiums. However, if insurance companies are going to raise rates, I would think they would have to prove that more sick people than well people will be added.
    Plus the fact that the already sick will more than likely visit a emergency room sometime during their illness.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by ptif219 View Post
    If the economy is in the tank and unemployment is high how is this paid. Increasing the debt to pay for it increases the problem. Obama has failed.
    Only politically and that only has meaning to politicians.

    The facts are when Obama was elected the unemployment was already 5.8 percent. Now it's 9.4 percent. Only a 3.6 percent increase on his watch... Read em and weep.

    ricksfolly

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by ricksfolly View Post
    Only politically and that only has meaning to politicians.

    The facts are when Obama was elected the unemployment was already 5.8 percent. Now it's 9.4 percent. Only a 3.6 percent increase on his watch... Read em and weep.

    ricksfolly
    Only? It was up to 10% under Obama. If Obama would stop pushing his socialist agenda and work on the economy and unemployment his poll numbers might stop falling.

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    Re: Private sector sheds 39,000 jobs in September

    Quote Originally Posted by ptif219 View Post
    Only? It was up to 10% under Obama. If Obama would stop pushing his socialist agenda and work on the economy and unemployment his poll numbers might stop falling.
    So, again, you believe government is the answer and the president can fix the economy?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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