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U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%[W: 831]

Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
That being the case you would have no problem proving it.
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I just proved that you have been back and forth on supporting TARP, I warned you if you kept up your nonsense about NEVER supporting it I would dig it up......and mind you, this was not the only time.

So if your own words do not prove you have gone back and forth, what else am I supposed to prove?
 
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
I just proved that you have been back and forth on supporting TARP, I warned you if you kept up your nonsense about NEVER supporting it would dig it up......and mind you, this was not the only time.

So if your own words do not prove you have gone back and forth, what else am I supposed to prove?
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You proved nothing and don't seem to understand the difference between my opinion and my statement that I understand why others do support TARP
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
I only hope someday I can be half as smart as you THINK you are. I have a better understanding of the private sector economy than you will ever have.
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These are the type of comments that make it impossible to have a logical conversation with you! Here we are discussing political economy, and you cannot for the life of you refrain from discussing the participants, solely for the fact that they provide facts that contradict your position.

Debt service levels are lower today only because of record low interest rates not because the debt is improving.
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Agreed! So why do you bring them up if they are at record low levels?

My lack of understanding is your opinion
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No, this is an observation based on your statements. Letting banks fail necessarily envokes FDIC liabilities. There is no debate here, it is simply a matter of fact. Allowing the nations largest banks to fail would have caused tax payers to foot the bill for trillions in insured deposits.

but my understanding comes from street smarts as well as book smarts unlike many here whose comes from the textbooks.
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Another instance of discussing the participants rather than the topic. Your opinion of me is of no relevance to this discussion.

Detroit is being propped up by taxpayer money and incentives to buy autos again funded by the taxpayers. GM still owes the taxpayers billions so on the surface things look good but the reality is quite different.
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Only GM owes the taxpayers. Once the share price of their stock hits $71, the tax payer will be off the hook.

You call yourself a libertarian? Libertarians do not support massive govt. spending and govt. spending being a large part of any country's GDP. Your false advertising is quite telling all because you cannot admit that you really are a liberal promoting socialist ideology.
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This is the third time in a single post where you discuss me and not the topic.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
What I find quite telling is again how you look at the U-3 number and ignore the U-6 number.
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WTF are you talking about? I made no reference of unemployment figures. U-6 peaked at 17.1% in 2009, it is currently @ 13.8%. Why not address the fact that real net wealth has not recovered?

The economy still shed more than 600,000 and in fact well over a million in 2010-2011 but those jobs are reflected in the U-6 number not the U-3 number. Liberals love pointing to that job loss but ignore the discouraged, unemployed, and under employed numbers. Bush wasn't in office in 2010-2011 but Obama's economic policies were in place and are in place today, policies that have led to another 500,000 dropping out of the labor force in March after 100,000 more dropped out in February. yes, those people certainly weren't unemployed. were they?
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The point is, the economy is no longer shedding jobs. With almost 3+ years of positive month-over-month job growth, we are certainly doing much better. No amount of spin can negate this point.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator;1061698106]These are the type of comments that make it impossible to have a logical conversation with you! Here we are discussing political economy, and you cannot for the life of you refrain from discussing the participants, solely for the fact that they provide facts that contradict your position.



Agreed! So why do you bring them up if they are at record low levels?
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Because interest rates are what's keeping debt service from exploding, interest rates that when they increase will destroy the economy. My personal discussion is in response to your comments and I stand by them


No, this is an observation based on your statements. Letting banks fail necessarily envokes FDIC liabilities. There is no debate here, it is simply a matter of fact. Allowing the nations largest banks to fail would have caused tax payers to foot the bill for trillions in insured deposits.
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Not all banks would have failed and you ought to know that. Many banks, Chase, Wells Fargo for example, didn't want TARP but were forced to take it and the last I checked, Chase and Wells Fargo were two of the largest banks. You love sensationalism just like the auto industry was going to fail because GM went out of business. That is bull****.



Another instance of discussing the participants rather than the topic. Your opinion of me is of no relevance to this discussion.
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Nor does yours thus point taken



Only GM owes the taxpayers. Once the share price of their stock hits $71, the tax payer will be off the hook.
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Great, it is 29 today



This is the third time in a single post where you discuss me and not the topic.
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You claim to be a libertarian so I was discussing libertarians not you in particular.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator said:
WTF are you talking about? I made no reference of unemployment figures. U-6 peaked at 17.1% in 2009, it is currently @ 13.8%. Why not address the fact that real net wealth has not recovered?



The point is, the economy is no longer shedding jobs. With almost 3+ years of positive month-over-month job growth, we are certainly doing much better. No amount of spin can negate this point.
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You made the point about shedding 600,000 jobs or don't you even know what you post. Those jobs are reflected in the U-3 numbers, Bush never had U-6 numbers like Obama and that is where the job losses showed up in 2010-2011 so how can you say we weren't shedding jobs at the same rate if not higher than Bush?

Sorry but the economy isn't growing enough to create jobs so it is hard to lose any more jobs with a declining labor force because of frustration and low demand due to so many discouraged, unemployed, under employed, so many on disability, so many on welfare. Obama continues to destroy incentive by paying people not to work
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
always means an inflation "bubble" hurts more people than a "financial" bubble.
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Our two worst economic downturns were in 1929 and 2007, effecting more people negatively than the inflation recession of 81 ever did. You just cannot face up to the devastation of the Bush recession because you were more effected in 81. Everything is measured by your own experience not the nations. Lack of empathy is a void that every conservative/authoritarian exhibits.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
Our two worst economic downturns were in 1929 and 2007, effecting more people negatively than the inflation recession of 81 ever did. You just cannot face up to the devastation of the Bush recession because you were more effected in 81. Everything is measured by your own experience not the nations. Lack of empathy is a void that every conservative/authoritarian exhibits.
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LOL, you keep believing that, how did the reduction in GDP affect you? My experience is no different than the experience of millions of others. still waiting for you to tell me how this recession affected you and your family. My bet is you are part of those millions and millions not affected
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
You proved nothing and don't seem to understand the difference between my opinion and my statement that I understand why others do support TARP
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So your argument is that your use of English was at fault?

When winston said " I supported TARP" and you responded "As did I" , you did not say " I too supported TARP and it apparently worked"?

What did you say then?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Because interest rates are what's keeping debt service from exploding, interest rates that when they increase will destroy the economy.
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Can you back this up using analysis? Interest rates cannot increase without the necessary economic growth.

My personal discussion is in response to your comments and I stand by them.
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It is against the moderators warning in post 831.



Not all banks would have failed and you ought to know that.
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Not all, but the majority. Look how many banks failed with TARP!


Many banks, Chase, Wells Fargo for example, didn't want TARP but were forced to take it and the last I checked, Chase and Wells Fargo were two of the largest banks.
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They didn't want or need recapitalization as of late 2008. This does not necessarily mean they didn't benefit from the program.

You love sensationalism just like the auto industry was going to fail because GM went out of business. That is bull****.
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Your opinion is of no consequence to this discussion if you fail to support it with a valid argument.

Nor does yours thus point taken
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I am not offering empty opinions based on partisan rhetoric.

Great, it is 29 today
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Have patience!

You claim to be a libertarian so I was discussing libertarians not you in particular.
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My political lean is not the topic of the discussion.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
So your argument is that your use of English was at fault?

When winston said " I supported TARP" and you responded "As did I" , you did not say " I too supported TARP and it apparently worked"?

What did you say then?
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Out of context as usual
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
You made the point about shedding 600,000 jobs or don't you even know what you post.
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In reference to how we are doing better than in 2009.

Those jobs are reflected in the U-3 numbers, Bush never had U-6 numbers like Obama and that is where the job losses showed up in 2010-2011 so how can you say we weren't shedding jobs at the same rate if not higher than Bush?
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Month over month constant job creation.

Sorry but the economy isn't growing enough to create jobs so it is hard to lose any more jobs with a declining labor force because of frustration and low demand due to so many discouraged, unemployed, under employed, so many on disability, so many on welfare. Obama continues to destroy incentive by paying people not to work
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The economy is creating jobs.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
LOL, you keep believing that, how did the reduction in GDP affect you? My experience is no different than the experience of millions of others. still waiting for you to tell me how this recession affected you and your family. My bet is you are part of those millions and millions not affected
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You just keep on confirming your ignorance of other peoples losses and stay with the "I had no loss, therefore no one else did either" argument.

I would pm you with my story, but I know you would forget it or repeat it, either way, stop trying to get me to post on a public board my personal story.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Seems very telling that you don't understand how the free market works, nor any basic understanding of economic data. don't know if you are female or not but you certainly have to have the last word. A lot of people made a lot of money during 2003-2007 which you and others want to ignore, just like a lot people made money from 1997-2000 but I don't hear you ranting about the Clinton years. You see bubbles are indeed opportunities to create wealth because rising tide raises all boats not just the real estate market. Further I have yet to hear how the recession hurt you and your family. I didn't lose a dime in the recession because I didn't sell, did you?
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Did the dishonesty that occurred on Wall Street during the meltdown provide an example of the mythical "free market?" Yes, a lot of people made a bundle of money, but much of it was based on a pack of lies. Bundling poor mortgages with good ones and result being rated AAA is dishonest. These securities looked like good investments so they spread everywhere. At what point was President Bush responsible for this?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Out of context as usual
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What context is missing, you claimed you did not support TARP, I find that you did, and now you say it is out of context?

I don't think you know what context means.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Kushinator;1061698176]Can you back this up using analysis? Interest rates cannot increase without the necessary economic growth.
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So let me see if I have this right, you don't believe the massive printing of money has any effect on inflation and interest rates? Interesting since I didn't know printing money grew the economy



It is against the moderators warning in post 831.
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Libertarian means anyone of that persuasion, which you claim to be





Not all, but the majority. Look how many banks failed with TARP!
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Not all is right and that is the point. In the private sector there are going to be failures and successes, not all banks wanted TARP money and that is the point. I stand by my point

Banks that didn't take TARP are in better shape than peers - Sep. 11, 2009


They didn't want or need recapitalization as of late 2008. This does not necessarily mean they didn't benefit from the program.
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Of course they benefited, they received billions in cash that relieved them of any financial responsibility. The big banks paid back the TARP money none of which went to reduce the deficits



Your opinion is of no consequence to this discussion if you fail to support it with a valid argument.
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Nor is yours, I am waiting for who those people are that lost wealth since apparently you and millions of others including me aren't among them. Maybe I am indeed smarter than many here but don't tout in and certainly am not given any credit for it
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

pbrauer said:
Did the dishonesty that occurred on Wall Street during the meltdown provide an example of the mythical "free market?" Yes, a lot of people made a bundle of money, but much of it was based on a pack of lies. Bundling poor mortgages with good ones and result being rated AAA is dishonest. These securities looked like good investments so they spread everywhere. At what point was President Bush responsible for this?
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None of which had anything to do with Bush which you continue to blame all because he promoted more people owning homes. Where is Obama responsible for the results today? You keep blaming everything on Bush as you divert to the past while ignoring the present. How did the recession of 2007-2009 affect you and your family?
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
What context is missing, you claimed you did not support TARP, I find that you did, and now you say it is out of context?

I don't think you know what context means.
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I said I supported the results that were generated but as stated didn't support TARP and knew we were rewarding bad behavior which wouldn't change. We pushed the problem down the road and now we are 17 trillion in debt
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
You just keep on confirming your ignorance of other peoples losses and stay with the "I had no loss, therefore no one else did either" argument.

I would pm you with my story, but I know you would forget it or repeat it, either way, stop trying to get me to post on a public board my personal story.
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Never said people didn't get hurt, asked you if you got hurt? People are always going to get hurt if they make bad choices, unfortunately that is the case in life. You cannot legislate stupidity and people who signed loans they couldn't afford were stupid.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
I said I supported the results that were generated but as stated didn't support TARP and knew we were rewarding bad behavior which wouldn't change. We pushed the problem down the road and now we are 17 trillion in debt
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No, you said you supported TARP and it worked:

winston53660 said:
I supported Bush's TARP program and I still support saving the capital markets even though it is a bitter pill.
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Conservative said:
As did I at the time and apparently it worked. The stimulus plan on the other hand hasn't
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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
No, you said you supported TARP and it worked:
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Well then hell what more is there to discuss since obviously you have no interest in talking about the thread topic or other Obama results.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Never said people didn't get hurt, asked you if you got hurt? People are always going to get hurt if they make bad choices, unfortunately that is the case in life. You cannot legislate stupidity and people who signed loans they couldn't afford were stupid.
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Sure, households who had a severe loss of incomes and could no longer make their mortgage payments.....were "stupid".
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
None of which had anything to do with Bush which you continue to blame all because he promoted more people owning homes. Where is Obama responsible for the results today? You keep blaming everything on Bush as you divert to the past while ignoring the present. How did the recession of 2007-2009 affect you and your family?
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LOL Why don't you answer the question I asked? The ONLY reason I brought up Bush promoting homes was because Bronson trying blame the Democats for doing the same thing.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Gimmesometruth said:
Sure, households who had a severe loss of incomes and could no longer make their mortgage payments.....were "stupid".
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People who signed up for "make your payment" loans or adjustable 3/1,5/1 mortgages under the guise that they would inflate their home's value to cover the potential risk were stupid.
 
Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%

Conservative said:
Well then hell what more is there to discuss since obviously you have no interest in talking about the thread topic or other Obama results.
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What is important as a basis in any discussion is honesty.
 
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