• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

US Creates 69,000 New Jobs, Unemployment Rate 8.2%

AdamT said:
The fact is that we are manufacturing more now than we ever have. In fact, U.S. manufacturing accelerated in the 90s. And further, manufacturing has been been the number one sector leading our recovery.

The Demise of America

Protectionism is no solution. It would just start a massive trade war that would cause huge inflation.
Click to expand...


The productivity of manufacturing has gone up, the jobs in manufacturing have gone down due to a number of them being shipped overseas. To quote your own article, which was written by an Economics Professor at my Alma mater the University of Michigan by the way lol:

"The average American factory worker is responsible today for more than $180,000 of annual manufacturing output, which is double the $90,000 output per worker in 1993 and triple the $60,000 annual amount in 1972. Those increases in worker productivity are a direct result of the ongoing capital investments in productivity-enhancing technology, computer equipment, robotics, and automation."

We are doing more with less, I'm not disputing that. But for those hands-on positions that require workers on the line, most of these are being completed offshore for dirt cheap due to horrible trade policies. These were the positions that those who only graduated high school or had low skills were doing before, now they don't really have a lot of places to go and THUS why they are unemployed at 13% and 8% respectfully, driving up the overall unemployment rate.
 
Last edited:
RDS said:
Obama's chances of being re-elected looks bleak with the latest report. There is a sharp fall in global production in other reports. Recession is looming for several countries.

Jobs Report Puts World On Recession Watch

Jobs Report Puts World On Recession Watch
Click to expand...

The economy may be headed for double-dip, but that's okay as long as Obama isn't reelected, right?
 
99percenter said:
We will have to wait till 2016 since the GOP decide to nominate someone that is constitutionally ineligible for the presidency.
Click to expand...

this should be moved to the conspiracy forum
 
As long as john boner continues his failed policies we will head towards a recession.
 
Phys251 said:
The economy may be headed for double-dip, but that's okay as long as Obama isn't reelected, right?
Click to expand...

You guys got to decide as to vote for the lesser of the two evils.
 
John Tucker said:
Those are marketing related links, which are in relation to BUSINESS, which I said the person SHOULD major in. An "Art" degree in and of itself is useless. A business/marketing degree is more useful.
Click to expand...

You claimed art had no value in the market. The links alone are enough to prove you wrong.
 
Last edited:
GhostlyJoe said:
You claimed art had no value in the market. The links alone are enough to prove you wrong.
Click to expand...

I said an "Art" degree. And again, the links you provide prove me RIGHT in that majoring in business/marketing related areas is what's valuable in the marketplace.
 
John Tucker said:
I said an "Art" degree. And again, the links you provide prove me RIGHT in that majoring in business/marketing related areas is what's valuable in the marketplace.
Click to expand...

Graphic design / art are not exclusively business degrees. You're factually incorrect. You live in a world that's highly designed with artistic visual cues informing almost everything you do and buy. Art is everywhere -- and it's extremely marketable. The idea that everyone should get a business degree is asinine.
 
I'm gonna need a little help from my friends on the left discerning this graph which was provided by the Whitehouse to promote the stimulus bill. Please point out what the unemployment rate was supposed to be at this time…thx
800px-ARRA_Unemployment_Rate_Graph_2011-05.jpg
http://www.ampo.org/assets/library/184_obama.pdf

Sure glad that worked out so well...now remind me again how one can trust this administration, their plans and objectives.
 
Last edited:
AdamT said:
Unfortunately for Obama this is primarily being driven by fear of a chain reaction collapse in Europe, and also by weakness in Asia due to weak European demand. IOW, it hurts the US but there's not much we can do about it. Of course we should be doing additional stimulus but with the current GOP that's not really an option.

But I'm sure that conservatives will applaud the rise in work force participation rate. :lol:
Click to expand...

Just what the country needs, more debt. :lamo

6/1: Stocks dive over jobs report, blind teacher's uncanny success - CBS News Video

As unemployment rises, Wall Street has worst day of the year.
Click to expand...
 
Liberals need to realize keynesian economics doesn't work. We need GROWTH policies to get us going in the right direction to get out of this slump, not public sector manipulation which CAUSED this crisis through the housing scam. The student loan bubble is next.
 
Dickieboy said:
I'm gonna need a little help from my friends on the left discerning this graph which was provided by the Whitehouse to promote the stimulus bill. Please point out what the unemployment rate was supposed to be at this time…thx
View attachment 67128647
http://www.ampo.org/assets/library/184_obama.pdf

Sure glad that worked out so well...now remind me again how one can trust this administration, their plans and objectives.
Click to expand...

Ill help. What its saying is that things would be much better now if we had not passed the $800 billion stimulus plan (which actually will end up costing over $1 trillion when you add in interest payments).
 
I dislike it when people discuss the unemployment rate within the context of its impact on the 2012 election. It marginalizes the very real problems of actual people, namely that they need to find work. I could not care less that the weak jobs report will help Romney.
 
John Tucker said:
The productivity of manufacturing has gone up, the jobs in manufacturing have gone down due to a number of them being shipped overseas.
Click to expand...

And more jobs will be shipped overseas until union workers realize they are overpaid. More and more of them will see their jobs go to China until they are willing to take serious pay cuts.
 
John Tucker said:
Liberals need to realize keynesian economics doesn't work. We need GROWTH policies to get us going in the right direction to get out of this slump, not public sector manipulation which CAUSED this crisis through the housing scam. The student loan bubble is next.
Click to expand...
Why are you under the impression that Keynesian theory doesn't promote pro-growth policies? Also, what public sector manipulation would you be referring to? Is there an influx of public sector growth (artificial or not) that the general public isn't aware of?
 
johnny_rebson said:
And more jobs will be shipped overseas until union workers realize they are overpaid. More and more of them will see their jobs go to China until they are willing to take serious pay cuts.
Click to expand...
Manufacturing was alive and well in previous administrations, both in terms of productivity and employment. Coincidentally, so were unions. To chalk up outsourcing to a singular cause would be foolish.
 
Hare

Why are you under the impression that Keynesian theory doesn't promote pro-growth policies?
Click to expand...

Well, let's see. Obama's stimulus package and the Fed's constant race to the bottom in relation to interest rates, and what's the resulting growth rate of the United States? 2%?

chart.jpg

If these are pro-growth policies they obviously aren't working, correct? Plus look at the current situation of the country, we are $16 trillion in debt and liberals are STILL pushing for more Keynesian style spending for BIGGER stimulus packages. Pretty soon we will be at $20 trillion or $25 trillion in debt with STILL an 2% growth rate and 8% unemployment! Get it through your heads liberals, Keynesian approaches do not work.

What does work is pro-growth policies on the supply side, such as tax reform. I have mentioned what we need to do, we need to reform taxes, reform spending, get our dollar stronger, get our credit rating back to AAA, get manufacturing jobs back in this country, get an all of the above energy policy going and fix the skills gap. Doing this will get the growth rate A HELL OF A LOT higher and get unemployment down to 5% - 5.5% which is full employment. Plus with a balanced budget now we can start seeing surpluses again to go towards paying down our debt. Plus with spending reforms, we can actually KEEP Social Security and Medicare going forward because the current structure is totally unsustainable.


Hare

Also, what public sector manipulation would you be referring to?
Click to expand...

Well, where do I start? The government practically created the housing crisis, I can write a BOOK on that. Other forms of manipulation include the unemployment insurance extensions, how many people COULD go to work right now but AREN'T because the unemployment extension check is about the same as the job they might find? Another thing is the student loan bubble, WHICH is being structured just like the housing crisis was. Remember the housing crisis was based on the government trying to get more people as homeowners because doing so "is the American Dream." So now what's the big push? The big push now is everybody should go to college because doing so "is the American Dream," so now we have student loan debt surpassing credit card debt, the only issue with the student loan debt is that you can't file bankruptcy to get rid of it and 50% of the majors are WORTHLESS so a good 50% of these students WILL default. Meaning there's another damn bailout that's going to have to come on the back of the taxpayers who didn't even decide to go to the $30,000 a year damn university for a f*cking ART degree.
 
Last edited:
Hare said:
Why are you under the impression that Keynesian theory doesn't promote pro-growth policies?
Click to expand...

If you were to look at every attempt by an OECD nation over the past 30 years to fiscally stimulate their economies, you will find that those which failed were the ones that increased transfer payments, whereas those that succeeded were the ones that reduced the burden on businesses.

So I guess he's saying that whether or not they intend to do so, Keynesians do not actually promote pro-growth policies when they advocate for stimulative spending.
 
You must log in or register to reply here.
Back
Top Bottom