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Re: U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%
You guys complain about the horrible spending of the EU, but they have gone full on with austerity, and look at their results.
We still have not hired on the millions who were fired from local govt cutbacks (the BIGGEST sector of job losses post 2007) so we have had a lowered level of austerity for going on 6 years.....and look at our very slow recovery.
But lets double down and see what happens. Do you want to make a bet on how this will turn out?
PS...you did notice that I had "full" in quotes, most economists recognize that @ 4% UE is "full".
Don't be like what you were trying to be.
But that is just it, we are not "spending like mad" (that is unless you think deficit=spending) and cutting back on govt spending in a time of lowered overall spending causes a worse outcome.So until we reach the unattainable goal of "full employment", we should pay absolutely zero attention to the deficit and spend like madmen?
You guys complain about the horrible spending of the EU, but they have gone full on with austerity, and look at their results.
We still have not hired on the millions who were fired from local govt cutbacks (the BIGGEST sector of job losses post 2007) so we have had a lowered level of austerity for going on 6 years.....and look at our very slow recovery.
But lets double down and see what happens. Do you want to make a bet on how this will turn out?
PS...you did notice that I had "full" in quotes, most economists recognize that @ 4% UE is "full".
Don't be like what you were trying to be.
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