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Why the unemployment? A poll

Unemployment....why???

  • Total voters
    59
  • Poll closed .
Harry Guerrilla said:
The Federal Reserve.
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Well.. the federal reserve is a private institution as we both know and is not subject to the state powers of regulation. Outside of that sphere of influence is out of your control.. otherwise it is under private fiduciary duty and unregulated. Your argument is unresolved. But I would love for you to indicate to me just what policy it is you claim is that causes all this systemic inflation in labour cost? Are you confused about something?
 
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Gabriel said:
Well.. the federal reserve is a private institution as we both know and is not subject to the state powers of regulation. Outside of that sphere of influence is out of your control.. otherwise it is under private fiduciary duty and unregulated. Your argument is unresolved. But I would love for you to indicate to me just what policy it is you claim is that causes all this systemic inflation in labour cost? Are you confused about something?
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Uhh no again, they are not outside the powers of regulation and oversight.
Not only that but they are a government granted monopoly over legal tender.

If you don't believe so, go out and try to start circulating your own money.
See what happens.;)
 
Harry Guerrilla said:
Uhh no again, they are not outside the powers of regulation and oversight.
Not only that but they are a government granted monopoly over legal tender.

If you don't believe so, go out and try to start circulating your own money.
See what happens.;)
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You are mistaken..

 
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Harry Guerrilla said:
I don't care what Greenspan says.
The legislative branch can, at anytime, redefine the role of the Federal Reserve.
To blame Austrians for the current economic situation is ridiculous.
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They are not subect to a federal audit for what reason?
 
Gabriel said:
They are not subect to a federal audit for what reason?
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EDIT: methodological individualism or self regulation .. or deregulation however you like is an Austrian understanding for self governance. Which is exactly what the money managers were subject to in terms of regulatory forces.
 
Gabriel said:
EDIT: methodological individualism or self regulation .. or deregulation however you like is an Austrian understanding for self governance. Which is exactly what the money managers were subject to in terms of regulatory forces.
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And those people are appointed by the President. ;)
 
Harry Guerrilla said:
And those people are appointed by the President. ;)
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I can assure you Goldman Sachs employees are not appointed by the government.. err unless your are talking about the market being the government. You are confused.. significantly.
 
Gabriel said:
Well at least from here on out your just making juvenile semantic arguments.
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Not at all, you said they were a private entity, which is false.
You said they were self regulated, which also not entirely true.

The fact is that no Austrian would design and operate a system like ours.
It creates to many inequalities that otherwise wouldn't naturally exist.
 
Harry Guerrilla said:
Not at all, you said they were a private entity, which is false.
You said they were self regulated, which also not entirely true.

The fact is that no Austrian would design and operate a system like ours.
It creates to many inequalities that otherwise wouldn't naturally exist.
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Government agencies are subject to government regulation. I am about done with this your brow beating will at least give you the last word.

Take some time and learn about your federal reserves history.

[video=google;-466210540567002553]http://video.google.com/videoplay?docid=-466210540567002553#docid=-4020719354420953428[/video]

edit:
[video=google;-7065177340464808778]http://video.google.com/videoplay?docid=-7065177340464808778#[/video]
 
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Goldenboy219 said:
Do you really believe happy meal toys being made in the US is a positive for current and future growth outlooks?
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Not at all. I believe that power tools, electronics, and clothing made in the US is a positive.
 
Gabriel said:
I can assure you Goldman Sachs employees are not appointed by the government.. err unless your are talking about the market being the government. You are confused.. significantly.
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Actually, it seems to be former Goldman sachs employees getting appointed into government positions.

You may be interested in a couple of links, plus I recommend Matt Tabbi's series on the financial meltdown (for interesting reading if nothing else)

Even Elana Kagan was a former GS girl.


White House officials yesterday released their personal financial disclosure forms, and included in the millions of dollars which top Obama economics adviser Larry Summers made from Wall Street in 2008 is this detail:
Lawrence H. Summers, one of President Obama's top economic advisers, collected roughly $5.2 million in compensation from hedge fund D.E. Shaw over the past year and was paid more than $2.7 million in speaking fees by several troubled Wall Street firms and other organizations. . . .
Financial institutions including JP Morgan Chase, Citigroup, Goldman Sachs, Lehman Brothers and Merrill Lynch paid Summers for speaking appearances in 2008. Fees ranged from $45,000 for a Nov. 12 Merrill Lynch appearance to $135,000 for an April 16 visit to Goldman Sachs, according to his disclosure form.
That's $135,000 paid by Goldman Sachs to Summers -- for a one-day visit. And the payment was made at a time -- in April, 2008 -- when everyone assumed that the next President would either be Barack Obama or Hillary Clinton and that Larry Summers would therefore become exactly what he now is: the most influential financial official in the U.S. Government (and the $45,000 Merrill Lynch payment came 8 days after Obama's election). Goldman would not be able to make a one-day $135,000 payment to Summers now that he is Obama's top economics adviser, but doing so a few months beforehand was obviously something about which neither parties felt any compunction. It's basically an advanced bribe. And it's paying off in spades. And none of it seemed to bother Obama in the slightest when he first strongly considered naming Summers as Treasury Secretary and then named him his top economics adviser instead (thereby avoiding the need for Senate confirmation), knowing that Summers would exert great influence in determining who benefited from the government's response to the financial crisis.
Last night, former Reagan-era S&L regulator and current University of Missouri Professor Bill Black was on Bill Moyers' Journal and detailed the magnitude of what he called the on-going massive fraud, the role Tim Geithner played in it before being promoted to Treasury Secretary (where he continues to abet it), and -- most amazingly of all -- the crusade led by Alan Greenspan, former Goldman CEO Robert Rubin (Geithner's mentor) and Larry Summers in the late 1990s to block the efforts of top regulators (especially Brooksley Born, head of the Commodities Futures Trading Commission) to regulate the exact financial derivatives market that became the principal cause of the global financial crisis. To get a sense for how deep and massive is the on-going fraud and the key role played in it by key Obama officials, I highly recommend watching that Black interview (it can be seen here and the transcript is here).
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continued at:http://www.salon.com/news/opinion/glenn_greenwald/2009/04/04/summers


A CBS News analysis of the revolving door between Goldman and government reveals at least four dozen former employees, lobbyists or advisers at the highest reaches of power both in Washington and around the world.
The Influence and Power of Goldman Sachs
For example, former Treasury Secretary Henry Paulson is a former Goldman CEO; Arthur Levitt, the head of the Securities and Exchange Commission is a now a Goldman adviser; and former House Majority Leader Dick Gephardt is now a paid lobbyist for the firm.
Our alphabetical list:
Joshua Bolten

Government: President George W. Bush's Chief of Staff from 2006-2009; Director of Office of Management and Budget from 2003-2006; White House Deputy Chief of Staff from January 20, 2001 - June 2003.
Goldman: Executive Director of Legal Affairs for Goldman based in London aka the bank's chief lobbyist to the EU from 1994-1999.
Kenneth D. Brody

Government: President and Chairman of the Export-Import Bank of the United States (1993-1996).
Goldman: Former general partner and member of the Management Committee at Goldman Sachs where he worked from 1971-1991.
Kathleen Brown

Government: Former California State Treasurer
Goldman: Senior Advisor responsible for Public Finance, Western Region.
Mark Carney

Government: Governor of the Bank of Canada since 2008.
Goldman: Mr. Carney had a thirteen-year career with Goldman Sachs in its London, Tokyo, New York, and Toronto offices. His progressively senior positions included Co-Head of Sovereign Risk; Executive Director, Emerging Debt Capital Markets; and Managing Director, Investment Banking. He stated at Goldman in 1995.
Robert Cogorno

Government: Former Gephardt aide and one-time floor director for Steny Hoyer (D-MD.), the No. 2 House Democrat.
Goldman: Works for [Steve] Elmendorf Strategies, which lobbies for Goldman.
Kenneth Connolly

Government: Staff Director of the Senate Environment & Public Works Committee 2001-2006.
Goldman: Vice President at Goldman from June 2008 - present.
E. Gerald Corrigan

Government: President of the New York Fed from 1985 to 1993.
Goldman: Joined Goldman Sachs in 1994 and currently is a partner and managing director; he was also appointed chairman of GS Bank USA, the firm's holding company, in September 2008.
Jon Corzine

Government: Governor of New Jersey from 2006-2010; U.S. Senator from 2001-2006 where he served on the Banking and Budget Committees.
Goldman: Former Goldman CEO. Worked at Goldman from 1975-1998.
Gavyn Davies

Government: Former chairman of the BBC from 2001 -2004.
Goldman: Chief Economist at Goldman where he worked from 1986-2001.
Paul Dighton

Government: Chief executive of the London Operating Committee of the Olympic Games (LOCOG).
Goldman: Former COO of Goldman where he worked for 22 years beginning in 1983.
Mario Draghi

Government: Head [Governor] of the Bank of Italy since January 2006.
Goldman: Vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee from 2002-2005.
William Dudley

Government: President Federal Reserve Bank of New York City (2009-present)
Goldman: Partner and Managing Director. Worked at Goldman from 1986-2007.
Steven Elmendorf

Government: Senior Advisor to then-House minority Leader Richard Gephardt.
Goldman: Now runs his own lobbying firm, where Goldman is one of his clients.
Dina Farrell

Government: Deputy Director, National Economic Council, Obama Administration since January 2009.
Goldman: Financial Analyst at Goldman Sachs from 1987-1989.
Edward C. Forst

Government: Advisor to Treasury Secretary, Henry Paulson in 2008.
Goldman: Former Global Head of the Investment Management Division at Goldman where he worked from 1994-2008.
Randall M. Fort

..............
Government: Treasury Department Chief of Staff since February 2009.
Goldman: Lobbyist for Goldman Sachs from 2003-2008.
Henry "Hank" Paulson

............
Government: Former SEC commissioner from 1990 to 1995.
Goldman: Now working as a principal at RR&G LLC, which was hired by Goldman to lobby on TARP.
Robert Rubin

Government: Treasury Secretary from 1995-1999; Chairman of the National Economic Council from 1993-1995.
Goldman: Former Co-Chairman at Goldman Sachs where he worked from 1966-1992.
John Thain

Government: CEO President of NYSE (2004-07)

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continued at:
http://www.cbsnews.com/8301-31727_162-20001981-10391695.html
　
 
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Conservative.

It's the free market policies that have out sourced our jobs overseas. Go in to any store, pick up any item and it more than likely it's made in Communist China.
 
pbrauer said:
Conservative.

It's the free market policies that have out sourced our jobs overseas. Go in to any store, pick up any item and it more than likely it's made in Communist China.
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We haven't had a free market in a very long time. What we have is corporatism which is as far from the free market as you can get.
 
Amazing.

Companies in the United States face punitive taxation, ridiculous and absurd pointless regulations, threats of lawsuits for no real reason at all, absurd labor laws, minimum wage laws, racial quotas, inteference from every direction, ...

...and some want to pretend the US has a free market that 's failing to explain why the industries in the US are collapsing....

....and they promote this pretense so that even more taxes, more regulations, more controls can be placed on businesses...

Then they wonder why the US economy is collapsing.
 
Scarecrow Akhbar said:
Amazing.

Companies in the United States face punitive taxation, ridiculous and absurd pointless regulations, threats of lawsuits for no real reason at all, absurd labor laws, minimum wage laws, racial quotas, inteference from every direction, ...

...and some want to pretend the US has a free market that 's failing to explain why the industries in the US are collapsing....

....and they promote this pretense so that even more taxes, more regulations, more controls can be placed on businesses...

Then they wonder why the US economy is collapsing.
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Other then the lawsuits, the US is generally less regulated, have lower taxes, a lower min wage and less interference then any other developed country in the world, yet the US is failing because it has to much of the above?
 
Lord Tammerlain said:
Other then the lawsuits, the US is generally less regulated, have lower taxes, a lower min wage and less interference then any other developed country in the world, yet the US is failing because it has to much of the above?
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Yep.

Just think how good things would be if the damn government got out of the way and let people have the freedom their Constitution says they're supposed to have.

BTW, there's a reason why the US has more lawyers per capita than any other nation....because we're over regulated. If we didn't have the excessive regulations, we would have the excessive lawyers.

Fear of lawyers does more to shut down innovation than anything else.
 
Scarecrow Akhbar said:
Yep.

Just think how good things would be if the damn government got out of the way and let people have the freedom their Constitution says they're supposed to have.

BTW, there's a reason why the US has more lawyers per capita than any other nation....because we're over regulated. If we didn't have the excessive regulations, we would have the excessive lawyers.

Fear of lawyers does more to shut down innovation than anything else.
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People and companies did not take on massive amounts of debt because of laywers
 
Scarecrow Akhbar said:
Companies in the United States face punitive taxation, ridiculous and absurd pointless regulations, threats of lawsuits for no real reason at all, absurd labor laws, minimum wage laws, racial quotas, inteference from every direction, ...
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And yet somehow they seem to be able to come up with the funds to pay their executives three, four, or five-hundred-plus times what they pay their average workers, whose wages seem to be stuck in a time warp.
 
Ahlevah said:
And yet somehow they seem to be able to come up with the funds to pay their executives three, four, or five-hundred-plus times what they pay their average workers, whose wages seem to be stuck in a time warp.
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That is what happens when you get to choose who sets your salary
 
Unemployment has many reasons, both conservative and left wing reasons and natural reasons. But I see as usual these boards blame the left.

Like it or not, much of the unemployment in the US is due to the last decade of CONSERVATIVE rule that cause a massive bubble based on greed and deregulation in key areas. But let me guess, it was also the lefts fault because the last decade of conservative rule in the US was in reality massive liberal conspiracy! :roll:

It is exporting jobs abroad and technology.. yes the free world market and globalisation, a very conservative ideal, that has cost the industrial base and hence jobs in the US.

It is also the fact that the American consumer demanding cheap goods, cheap goods that can only be produced outside the US because the standard of living in the US means that you cant make 1 dollar t-shirts without a huge loss. It is the same principle that is making millions of illegals pour over the border.. American consumers demands cheap food and to get that the farmers need to pay next to nothing to its work force and only the illegals are willing to do the job.

Now there are also labour laws and regulation in general.. Some are not needed others are, but in general, the US regulates in strange places, often to protect companies instead of the consumer.. that is if they at all regulate. But as long as you have a weak regulatory system in place, then you have use the legal system to sue for compensation when you are wronged. And that is a sad fact... they fuel each other.
 
Ahlevah said:
And yet somehow they seem to be able to come up with the funds to pay their executives three, four, or five-hundred-plus times what they pay their average workers, whose wages seem to be stuck in a time warp.
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It wouldn't make much difference in the salary of workers if you cut executive salary even by 50%. It's so small a part of the budget compared to everything else.
 
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