Jobless Claims Drop Again, GDP Grows Faster Than Expected

[paul alan]

Economy in U.S. Grew More Than Forecast in Second Quarter

http://www.bloomberg.com/news/2013-08-29/economy-in-u-s-expanded-more-than-forecast-in-second-quarter.html


Jobless Claims in U.S. Fell More Than Forecast Last Week

http://www.bloomberg.com/news/2013-08-29/jobless-claims-in-u-s-decreased-more-than-forecast-last-week.html


:)

Only a troll would continue to make the Right Wing extremists miserable with headlines like this - first thing in the morning!

[Mainecoons]

Yep, the more people give up looking, the more jobless claims fall.

I suspect you fall in the category of the young and stupid just starting out. Let us know how you enjoy your life working at McJobs.

:rofl:

[Cigar]

If people make the personal choice to retire ... what exactly are you going to do about it?

Force them to look?

Why do you care?

[Mainecoons]

http://www.nbcnews.com/business/fast-food-strikes-hit-cities-across-country-8C11028643


Robert Reich, a worker advocate and former Labor Secretary in the Clinton administration, said that the struggles of living on low wages is hitting close to home for many because of the weak economic climate. "More and more, people are aware of someone either in their wider circle of friends or extended family who has fallen on hard times," Reich said.

One of your own, telling it like it is, geniuses.

Paul, better hurry up and get out there on that picket line.

[paul alan]

Republicans want those 300,000 that retire each month to be counted in the jobless category.

After all, they are jobless, right?

:)

[Agravan]

Republicans want those 300,000 that retire each month to be counted in the jobless category.

After all, they are jobless, right?

:)

Except, they're NOT retiring, they've exhausted their benefits and still can't find work. Not the same as "retiring".

[Cigar]

Republicans want those 300,000 that retire each month to be counted in the jobless category.

After all, they are jobless, right?

:)

So let me see ... they now care about the people they want to get rid of?

They wanted smaller Government ... now they got it.

[Agravan]

So let me see ... they now care about the people they want to get rid of?

They wanted smaller Government ... now they got it.
Where do you see smaller government? If 3 million people drop out off of the unemployment rolls, how is that smaller government?

[paul alan]

"More and more, people are aware of someone either in their wider circle of friends or extended family who has fallen on hard times," Reich said.

Reich did say that in 2009, after Bush handed over to Democrats the Great Recession, the worst in U.S. history

The Bush and Republican economic debacle has a long, long tail


:sad:

[Mainecoons]

Republicans want those 300,000 that retire each month to be counted in the jobless category.

After all, they are jobless, right?

:)

You are way over your head in understanding the employment picture. Go back and read a few back threads here on this topic where the hard data has been provided. We aren't going to repeat that for every leftist fool that wanders in here. Including you.

[paul alan]

Except, they're NOT retiring, they've exhausted their benefits and still can't find work. Not the same as "retiring".

You know this?

Mark Levin told you?

Irrefutable .....

:)

[Cigar]

Where do you see smaller government? If 3 million people drop out off of the unemployment rolls, how is that smaller government?



I'm sorry ... are you saying 30 years of Trickle-Down Economics and Tax-Breaks for the your 1% aren't getting you the results you expected?

My I suggest Dialing 1-800-JOB-CRTR ... leave a message ... they'll get back to you after your campaign checks clears and swelling goes down in your ass.

[Agravan]

You know this?

Mark Levin told you?

Irrefutable .....

:)

You're right. i should be reading Daily Kos and Huffpo, like you, to get the truth.
Seriously, what rock have YOU been living under? Check the U6 numbers and then tell us how great we're doing.

[Agravan]

I'm sorry ... are you saying 30 years of Trickle-Down Economics and Tax-Breaks for the your 1% aren't getting you the results you expected?

My I suggest Dialing 1-800-JOB-CRTR ... leave a message ... they'll get back to you after your campaign checks clears and swelling goes down in your ass.


Actually, they were working just fine until Democrats took over Congress. Thanks Dems.

[paul alan]

NAME CALLING!



:but:

[Agravan]

NAME CALLING!



:but:


http://ts3.mm.bing.net/th?id=H.4979109446877418&pid=1.7&w=150&h=178&c=7&rs=1

[Cigar]

Actually, they were working just fine until Democrats took over Congress. Thanks Dems.

Stay Tuned ... more to come. :tongue:

[Cigar]

http://www.bilgebucket.com/wp-content/uploads/GOPcrybabies.jpg

[Agravan]

Stay Tuned ... more to come. :tongue:
That's what the country is worried about...

[Mainecoons]

For the rest of you, I recommend this very detailed look at the employment picture:

http://advisorperspectives.com/dshort/updates/Unemployment-and-the-Market.php

As you can see here, the ObamaRecession is rolling right along:

http://4.bp.blogspot.com/-LVTVP6cVFfU/UfuoQ_s8xxI/AAAAAAAAbU0/K4m2Bl8cw0A/s1600/EmployRecJuly2013.jpg

While the duration of unemployment time remains near the peak:

http://advisorperspectives.com/dshort/charts/indicators/unemployment-duration.gif

And, of course, it is easy to pretend that overall unemployment is dropping when in point of fact, all that is happening is that people are giving up and leaving the work force:

http://advisorperspectives.com/dshort/charts/indicators/unemployment-labor-force-participation-rate.gif

[paul alan]

The only weakside of Obama's miraculous recovery is low wage, unskilled jobs are only slowly being replaced.

There are today, 3.5 million skilled job openings in the U.S. going begging.

Bush and Republicans outsourced 8 million of these low wage, unskilled jobs, thinking the workers would go overseas with the jobs.

They didn't .....

And Republicans have killed every job retraining and re-education bill Democrats have put before this 14% Congress


:sad:

[Chris]

"More and more, people are aware of someone either in their wider circle of friends or extended family who has fallen on hard times," Reich said.

Reich did say that in 2009, after Bush handed over to Democrats the Great Recession, the worst in U.S. history

The Bush and Republican economic debacle has a long, long tail


:sad:






Citing Reich, a socialist, tells us where you're coming from.

[Chris]

The only weakside of Obama's miraculous recovery is low wage, unskilled jobs are only slowly being replaced.

There are today, 3.5 million skilled job openings in the U.S. going begging.

Bush and Republicans outsourced 8 million of these low wage, unskilled jobs, thinking the workers would go overseas with the jobs.

They didn't .....

And Republicans have killed every job retraining and re-education bill Democrats have put before this 14% Congress


:sad:


Miraculous recovery? Surely you jest. It's the slowest recovery in modern times.

[Mainecoons]

Barack Obama's "miraculous" recovery!

http://4.bp.blogspot.com/-LVTVP6cVFfU/UfuoQ_s8xxI/AAAAAAAAbU0/K4m2Bl8cw0A/s1600/EmployRecJuly2013.jpg

:rofl:

[Cigar]

Does this mean you're not going to Vote for Obama's 3rd Team? :grin:

[Mainecoons]

It's OK, Cig, we know you can't understand data beyond the level of "we won."

[nic34]

Citing Reich, a socialist, tells us where you're coming from.

I think that was a response to: http://thepoliticalforums.com/threads/16112-Jobless-Claims-Drop-Again-GDP-Grows-Faster-Than-Expected?p=356031&viewfull=1#post356031

But you, criticizing a source....... oops..........

[Chris]

Barack Obama's "miraculous" recovery!

http://4.bp.blogspot.com/-LVTVP6cVFfU/UfuoQ_s8xxI/AAAAAAAAbU0/K4m2Bl8cw0A/s1600/EmployRecJuly2013.jpg

:rofl:


Exactly. For a detailed exposition and discussion of the slow recovery, see The Numbers Game -- The Economic Recovery (http://thepoliticalforums.com/threads/7219-The-Numbers-Game-The-Economic-Recovery?highlight=numbers+game).

[Chris]

I think that was a response to: http://thepoliticalforums.com/threads/16112-Jobless-Claims-Drop-Again-GDP-Grows-Faster-Than-Expected?p=356031&viewfull=1#post356031

But you, criticizing a source....... oops..........



Oh, no, far be it for me to criticize socialists. All I said was now we know where pauls come from.

[Mainecoons]

Here's a breakdown of the revised Q2 GDP. Among other things, it shows why looking at things short term misleads:

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/08/Q2%20GDP_0.jpg


On the surface, the just printed revised Q2 GDP number was great: following a preliminary print of 1.7%, the just revised number of 2.5% (beating expectations of 2.2%), up from 1.1% in Q1, should make everyone happy (well not the market which desperately need bad news to go higher). However, as usual, the real news is underneath the surface, which is where we find that both real components of GDP growth, Personal Consumption and Fixed Investment were actually revised lower from the preliminary print. Specifically, Personal Consumption as a contributor of the 2.5% final number was revised from 1.22% to 1.21% (well below the average Personal Consumption number since 2010 of 1.58%), while Fixed Investment was revised from 0.93% to 0.90%. So where did the 0.8% upside come from? It came entire from net trade, which contributed precisely 0.8%. Imports were revised from detracting 1.51% from GDP to just -1.11%, while exports added not 0.71% as previously expected but 1.11%, thus changing the net trade contribution from -0.80% to 0.00%. The remaining two components, Inventories and Government Consumption, were a wash, with one adding 0.2% while the other subtracted 0.1% from the preliminary number.

http://www.zerohedge.com/news/2013-08-29/revised-q2-gdp-surges-25-trade-boost-even-consumption-and-fixed-investment-deteriora

[Chris]

It's OK, Cig, we know you can't understand data beyond the level of "we won."

Or "we one".

[Cigar]

It's OK, Cig, we know you can't understand data beyond the level of "we won."

I've added ... We Won, again ...!

Something you should get use to.

[paul alan]

Miraculous recovery? Surely you jest. It's the slowest recovery in modern times.

It's a miraculous recovery from the worst recession and economic debacle in modern - or ancient - times.


:)

[Mainecoons]

Really Paul, you don't have to keep demonstrating your lack of understanding of economics here. We got it after your first 10 posts.

http://www.cato.org/publications/commentary/worst-recession

[Chris]

It's a recovery from the worst recession and economic debacle in modern - or ancient - times.


:)



Amazing how, shows facts about the "miraculous" recovery, you change your tune and move the goal posts. I would suppose that's how you cook spaghetti, throw it at the wall till something sticks.

[Chris]

Really Paul, you don't have to keep demonstrating your lack of understanding of economics here. We got it after your first 10 posts.

http://www.cato.org/publications/commentary/worst-recession



Ooops, he didn't even get that one right.

Hey, Paul, time to change tunes and move the goal posts again. I'm sure you'll find something to stick.

[Cigar]

Amazing how, shows facts about the "miraculous" recovery, you change your tune and move the goal posts. I would suppose that's how you cook spaghetti, throw it at the wall till something sticks.

Yea ... Obama sure is taking his talking his sweet time cleaning up Masssssaaa Mess :rollseyes:

[nic34]

Yes we should listen to the same conservative pundit Russ Roberts that says we should abolish the minimum wage and embrace the free market to solve the unemployment crisis.

Hello? Countries Without Minimum Wages Still Have Unemployment!

[nic34]

Oh, no, far be it for me to criticize socialists. All I said was now we know where pauls come from.

You knew where he came from before.

[Chris]

Yes we should listen to the same conservative pundit Russ Roberts that says we should abolish the minimum wage and embrace the free market to solve the unemployment crisis.

Hello? Countries Without Minimum Wages Still Have Unemployment!



And we should listen to you ad hom a Georgetown University professor of economics, lol.

Minimum wage hurts those it's intended to help.

There is no such thing as full employment, nic.

[Chris]

Yea ... Obama sure is taking his talking his sweet time cleaning up Masssssaaa Mess :rollseyes:

That was unintelligible, but Obama's problem is all he ever does is hurry up and talk.

[Mainecoons]

BTW, do our three liberal economic geniuses here understand that the four week moving average of unemployment claims is still up?

I didn't think so.

What is really going to be interesting is how Obama's government tries to cover for that big jump in unemployment that Gallup claims is happening.

http://www.cnbc.com/id/100981153


Widely followed pollster Gallup puts the nation's unemployment rate (http://www.cnbc.com/id/44451664) at an ugly 8.6 percent in August, a startling jump from the 7.8 percent the organization recorded for July. When counting the underemployed, the rate zooms to 17.7 percent, off its 2013 high of 18.2 percent.

[Cigar]

That was unintelligible, but Obama's problem is all he ever does is hurry up and talk.

Maybe you boys should find a base who likes your candidate for POTUS ... but until then ... :laugh:

[paul alan]

.... you change your tune and move the goal posts....


Really? Ignoring the Bush and Republican Great Recession and economic debacle - keeps the goal posts in place?


:laugh:

[Chris]

Maybe you boys should find a base who likes your candidate for POTUS ... but until then ... :laugh:



What candidates, cigar? Why are you resorting to making things up?

[Chris]

Really? Ignoring the Bush and Republican Great Recession and economic debacle - keeps the goal posts in place?


:laugh:



Why make things up, who's ignoring that, pauls? Bush is responsible for the recession, his clone, Obama, for the miraculous molasses recovery.

[Cigar]

What candidates, cigar? Why are you resorting to making things up?


I'm just saying ... if you don't like the quality product ... buy somewhere else. :grin:

[paul alan]

BTW, do our 87 Right Wing economic geniuses here understand that the Heritage Foundation study shows female bicycle ownership in NYC is up?

Nah, they don't want you to know that!


:laugh:

[Chris]

I'm just saying ... if you don't like the quality product ... buy somewhere else. :grin:

No, you were just making things up. You're gotcha failed. So does this one, since it implies you desire a jack-booted, brown-shirted, lockstep army of progressives and any dissenters should leave.

[Chris]

BTW, do our 87 Right Wing economic geniuses here understand that the Heritage Foundation study shows female bicycle ownership in NYC is up?

Nah, they don't want you to know that!


:laugh:



Moving the goal posts again.

[paul alan]

I think we can move on now that the tea party leadership has admitted liberals are not "making up" the Bush/Republican Great Recession and Economic Debacle.

OMG, let's etch that in concrete !!


:laugh:

[Chris]

I think we can move on now that the tea party leadership has admitted liberals are not "making up" the Bush/Republican Great Recession and Economic Debacle.

OMG, let's etch that in concrete !!


:laugh:


So some spaghetti stuck?

Thanks for proving my point.

[BB-35]

Really? Ignoring the Bush and Republican Great Recession and economic debacle - keeps the goal posts in place?


:laugh:

'Republican' great recession?...<eyeroll>

[Mainecoons]

Isn't he fun?

:grin:

Now we are beginning to understand why the Obama administration has made getting rid of good full time jobs and replacing them with McJobs such a high priority:

http://www.nationaljournal.com/domesticpolicy/obama-s-affordable-care-act-looking-a-bit-unaffordable-20130829

Unless you are making less than $20K per year from your two or more McJobs, your health insurance is going UP with ObamaCare.

Simple solution--make sure that most everyone is making LESS than $20K!

:rofl:

[nic34]

'Republican' great recession?...<eyeroll>

Kind of the book end to the Great Republican Depression. :laugh:

[Chris]

Kind of the book end to the Great Republican Depression. :laugh:



Except Hoover did the same things Bush did, got government involved, and FDR did the same things Obama's doing to prolong it.

[Mainecoons]

We'll just forget the Democrats took control of the Congress in 2006.

Nic, you raise partisan stupidity to a truly exalted level.

You and Paul are going to make a great pair of bookends here. Cigar will be jealous.

:grin:

[Chris]

We'll just forget the Democrats took control of the Congress in 2006.

Nic, you raise partisan stupidity to a truly exalted level.

You and Paul are going to make a great pair of bookends here. Cigar will be jealous.

:grin:

Why, it's his empty rhetoric between the bookends...

http://i.snag.gy/o0gKc.jpg

[nic34]

Except Hoover did the same things Bush did, got government involved, and FDR did the same things Obama's doing to prolong it.

FDR prolonged what? Obama should do exactly what he did...

With the New Deal the economy began to grow at a rate of nearly 10 percent per year. By 1937, production had doubled and the unemployment rate had dropped by half. (From 25%)

Take a history class fer cryin out loud....

http://en.wikipedia.org/wiki/New_Deal#Economic_growth_and_unemployment_.281933-1941.29

[nic34]

We'll just forget the Democrats took control of the Congress in 2006.

Nic, you raise partisan stupidity to a truly exalted level.

You and Paul are going to make a great pair of bookends here. Cigar will be jealous.

:grin:

Dems were in control for 4 whole years.... musta been an eternity for you and your bookend here.

[Chris]

Kind of the book end to the Great Republican Depression. :laugh:


Except Hoover did the same things Bush did, got government involved, and FDR did the same things Obama's doing to prolong it.


FDR prolonged what? Obama should do exactly what he did...

With the New Deal the economy began to grow at a rate of nearly 10 percent per year. By 1937, production had doubled and the unemployment rate had dropped by half. (From 25%)

Take a history class fer cryin out loud....

http://en.wikipedia.org/wiki/New_Deal#Economic_growth_and_unemployment_.281933-1941.29



The context, of which your posts are part, says "it" is the subject you introduced, "depression."

Why should Obama do what he did to prolong the recession?

It was a false economy based on Keynesian print, borrow and spend. We didn't escape it till the end of WWII.

[Cigar]

Every once in awhile I find some moron that just irritates me into action.

Fredrick Edwin K said: Well then Tom, how about we blame the people responsible (for the economic crash of 2007). Democrats controlled both the House and the Senate from 2006-2010. So just who caused the 2008 economy?

....

Perhaps you've heard of the filibuster? Once Democrats took control, Republicans countered with their obstructionist, pro-corporate agenda, unable to compromise even on traditionally bipartisan efforts which allow for the smooth functioning of our government.

In the 110th Congress, filibuster and cloture votes *more than DOUBLED* from the previous session. The 111th Congress increased the number to a whopping 136 motions. Things are at a standstill (and Congress has a single digit approval rating), because *Republicans* believed that if they sabotaged the government from within, people would be blind to their tactics and blame President Obama.

....

In the 110th Congress, filibuster and cloture votes *more than DOUBLED* from the previous session. The 111th Congress increased the number to a whopping 136 motions. Things are at a standstill (and Congress has a single digit approval rating), because *Republicans* believed that if they sabotaged the government from within, people would be blind to their tactics and blame President Obama.

Fast-forward to Spring of 2009, when Sen. Arlen Specter finally said 'this is ridiculous' and switches his allegiance to the Democratic caucus. The press hailed his move and noted that the Democrats now had a "filibuster-proof" majority (conveniently forgetting that Al Franken and Norm Coleman were still duking it out in the Land of 10,000 Lakes and Ted Kennedy was not in chambers).

A month later, Robert Byrd is admitted to the hospital in failing health, bringing the Senate vote count to 55 Dems/2 Independents.

By the first week in July, Minnesota's newest Senator, Al Franken, is sworn into office (with Senators Byrd and Kennedy still incapacitated by illness), bringing the current vote count to 56 seated Democrats, and 2 Independents (58).

By the third week of July, Robert Byrd was well enough to join his colleagues (59)

And one month later, Senator Kennedy passed away (57), and the vote count remained at 59 Dem+Ind until Paul Kirk was sworn in as Ted Kenney's replacement in September of 2009.

So YES - the Democrats had a 60-seat majority from September 4th through February 4, 2010. That's four months, not two years.



LAST TIME!

[Chris]

Every once in awhile I find some moron that just irritates me into action.

What, you finally found yourself? lol

[Cigar]

Every once in awhile I find some moron that just irritates me into action.

Fredrick Edwin K said: Well then Tom, how about we blame the people responsible (for the economic crash of 2007). Democrats controlled both the House and the Senate from 2006-2010. So just who caused the 2008 economy?

....

Perhaps you've heard of the filibuster? Once Democrats took control, Republicans countered with their obstructionist, pro-corporate agenda, unable to compromise even on traditionally bipartisan efforts which allow for the smooth functioning of our government.

In the 110th Congress, filibuster and cloture votes *more than DOUBLED* from the previous session. The 111th Congress increased the number to a whopping 136 motions. Things are at a standstill (and Congress has a single digit approval rating), because *Republicans* believed that if they sabotaged the government from within, people would be blind to their tactics and blame President Obama.

....

In the 110th Congress, filibuster and cloture votes *more than DOUBLED* from the previous session. The 111th Congress increased the number to a whopping 136 motions. Things are at a standstill (and Congress has a single digit approval rating), because *Republicans* believed that if they sabotaged the government from within, people would be blind to their tactics and blame President Obama.

Fast-forward to Spring of 2009, when Sen. Arlen Specter finally said 'this is ridiculous' and switches his allegiance to the Democratic caucus. The press hailed his move and noted that the Democrats now had a "filibuster-proof" majority (conveniently forgetting that Al Franken and Norm Coleman were still duking it out in the Land of 10,000 Lakes and Ted Kennedy was not in chambers).

A month later, Robert Byrd is admitted to the hospital in failing health, bringing the Senate vote count to 55 Dems/2 Independents.

By the first week in July, Minnesota's newest Senator, Al Franken, is sworn into office (with Senators Byrd and Kennedy still incapacitated by illness), bringing the current vote count to 56 seated Democrats, and 2 Independents (58).

By the third week of July, Robert Byrd was well enough to join his colleagues (59)

And one month later, Senator Kennedy passed away (57), and the vote count remained at 59 Dem+Ind until Paul Kirk was sworn in as Ted Kenney's replacement in September of 2009.

So YES - the Democrats had a 60-seat majority from September 4th through February 4, 2010. That's four months, not two years.



LAST TIME!



... notice all the challenges to the FACTS of 4 Months .... what's wrong, Google not cooperating? :roflmao:

[nic34]

The context, of which your posts are part, says "it" is the subject you introduced, "depression."

Why should Obama do what he did to prolong the recession?

It was a false economy based on Keynesian print, borrow and spend. We didn't escape it till the end of WWII.

So it was WWII that fixed the economy....

Oh brother.... here we go....

[Mainecoons]

Chris, you're wasting time trying to teach history to fools.

For the rest of you:

http://www.bloomberg.com/news/2011-12-16/how-did-world-war-ii-end-the-great-depression-echoes.html

[Mainecoons]

So it was WWII that fixed the economy....

Oh brother.... here we go....


What is ironic about the apparent ignorance in this statement is that the government is credited with using the buildup to war to rapidly end the depression.


In a genius marriage of finance and policy, the government founded the Defense Plant Corporation, or DPC, in 1940. The DPC was run by a committee of public-minded businessmen from all stripes of commerce: William Knudsen, who had helped organize Ford's production line and then became the president of General Motors Co.; Donald Nelson, a vice president at Sears, Roebuck & Co.; and Ralph Budd, president of the Chicago, Burlington and Quincy Railroad, to name a few.Before the DPC's founding, government-financed capital spending (http://topics.bloomberg.com/capital-spending/) accounted for only 5 percent of the annual U.S. investment in industrial capital. In 1943, thanks to the DPC, the government accounted for 67 percent of U.S. capital investment, utterly transforming not only how much was produced but what was produced.
In 1940, for instance, Dow Chemical produced only 6 million pounds of magnesium -- needed for aircraft hulls -- per year, in one plant in Michigan (http://topics.bloomberg.com/michigan/). DPC loans to Alcoa soon helped expand production to 600 million pounds per year. In 1939, the military had 28 airfields. During the war, it built 1,000 more across the U.S. In one stroke, the government created the necessary infrastructure and the manufacturing capacity to enable an entirely new industrial sector.
By the end of the war, the U.S. aerospace industry was four times the size of the car industry, which had been the mainstay of the economy for 20 years.
Today, what's most exciting is how quickly and efficiently the DPC moved in transforming the economy. Its practical policies cobbled together different strategies for promoting the new industry, including direct government ownership (sold off after the war), direct financing, indirect insurance for private capital and accelerated depreciation schedules. It wasn't ideological, it was simply logical -- and, for the time, financially sophisticated.
What's sad today, at least for historians, is that the DPC is mostly forgotten. A fantastic history of it was written by Gerald White, but outside of a few specialists, it isn't well known. The story of U.S. aerospace development has been seen as the inevitable triumph of technology demanded by wartime. Actually, American aerospace wasn't inevitable, but the result of smart decisions made by hard-minded policymakers and industrialists.

Lord Nic, don't you ever tire of parading your ignorance and seeming inability to learn here?

What is ironic for the rest of us is that the corporate/government cronyism we hate actually worked at some point in the nation's history.

[nic34]

What is ironic about the apparent ignorance in this statement is that the government is credited with using the buildup to war to rapidly end the depression.



Lord Nic, don't you ever tire of parading your ignorance and seeming inability to learn here?

What is ironic for the rest of us is that the corporate/government cronyism we hate actually worked at some point in the nation's history.


But coonzie, isn't that just a false economy based on Keynesian print, borrow and spend, just going to the defense industry instead of civilian infrastructure?

Better rethink all this......

[nic34]

Lord Nic, don't you ever tire of parading your ignorance and seeming inability to learn here?



Can't you post w/o all the personal bullshit?

[Mainecoons]

No, stupid, they were actually making stuff, not artificially inflating the stock market. People were getting good paying jobs, not McJobs.

You are really a sad example of liberal mal education. Worse, you don't even have the sense not to parade it in front of us.

[nic34]

Bridges, roads, parks, buildings aren't STUFF.....

gotcha:smiley_ROFLMAO:

[Cigar]

Bridges, roads, parks, buildings aren't STUFF.....

gotcha:smiley_ROFLMAO:

Do you want to hear something Funny ... I'm working with a client who does Digital Mapping Updates.

Would you believe that companies like Garmin, Google Maps, Here Maps and Bing ... need to "plan" for Bridge Collapses for Navigation Re-Routing.

Would you believe that?

We now live in Country that actually "PLANS" ... for Man Made Disasters. :rollseyes:

We don't spend a fucking dime on Infrastructure Improvements ... but Corporations are spending and "planning" for the In-actions of our Government.

WTF :smiley_ROFLMAO: ... if that ain't the dumbest shit.

[nic34]

We have plenty for drones that they always drone on about, Syria, Iran, Iraq, and so on............. but highways, bridges, dams, etc. aren't stuff that are used by real people that need to go to work everyday.
:loco:

[Chris]

So it was WWII that fixed the economy....

Oh brother.... here we go....


OK, let's go...

FDR's policies prolonged Depression by 7 years, UCLA economists calculate (http://newsroom.ucla.edu/portal/ucla/fdr-s-policies-prolonged-depression-5409.aspx)


Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."

...

How Government Prolonged the Depression (http://online.wsj.com/article/SB123353276749137485.html):


Policies that decreased competition in product and labor markets were especially destructive.

The New Deal is widely perceived to have ended the Great Depression, and this has led many to support a "new" New Deal to address the current crisis. But the facts do not support the perception that FDR's policies shortened the Depression, or that similar policies will pull our nation out of its current economic downturn.

The goal of the New Deal was to get Americans back to work. But the New Deal didn't restore employment. In fact, there was even less work on average during the New Deal than before FDR took office.

...Why wasn't the Depression followed by a vigorous recovery, like every other cycle? It should have been. The economic fundamentals that drive all expansions were very favorable during the New Deal. Productivity grew very rapidly after 1933, the price level was stable, real interest rates were low, and liquidity was plentiful. We have calculated on the basis of just productivity growth that employment and investment should have been back to normal levels by 1936. Similarly, Nobel Laureate Robert Lucas and Leonard Rapping calculated on the basis of just expansionary Federal Reserve policy that the economy should have been back to normal by 1935.

So what stopped a blockbuster recovery from ever starting? The New Deal. Some New Deal policies certainly benefited the economy by establishing a basic social safety net through Social Security and unemployment benefits, and by stabilizing the financial system through deposit insurance and the Securities Exchange Commission. But others violated the most basic economic principles by suppressing competition, and setting prices and wages in many sectors well above their normal levels. All told, these antimarket policies choked off powerful recovery forces that would have plausibly returned the economy back to trend by the mid-1930s.

The most damaging policies were those at the heart of the recovery plan, including The National Industrial Recovery Act...


How FDR Made the Depression Worse (http://mises.org/freemarket_detail.aspx?control=258)


...In their understanding of the Depression, Roosevelt and his economic advisers had cause and effect reversed. They did not recognize that prices had fallen because of the Depression. They believed that the Depression prevailed because prices had fallen. The obvious remedy, then, was to raise prices, which they decided to do by creating artificial shortages. Hence arose a collection of crackpot policies designed to cure the Depression by cutting back on production. The scheme was so patently self-defeating that it's hard to believe anyone seriously believed it would work.

The goofiest application of the theory had to do with the price of gold....

FDR’s policies prolonged Great Depression (http://rapidcityjournal.com/news/opinion/columnists/national/thomas-sowell-fdr-s-policies-prolonged-great-depression/article_3f80432e-e6c5-11df-affe-001cc4c03286.html)


Guess who said the following: "We have tried spending money. We are spending more than we have ever spent before and it does not work." Was it Sarah Palin? Rush Limbaugh? Karl Rove?

Not even close. It was Henry Morgenthau, Secretary of the Treasury under Franklin D. Roosevelt and one of FDR's closest advisers. He added, "after eight years of this Administration we have just as much unemployment as when we started. . . And an enormous debt to boot!"

This is just one of the remarkable and eye-opening facts in a must-read book titled "New Deal or Raw Deal?" by Professor Burton W. Folsom, Jr., of Hillsdale College.

Ordinarily, what happened in the 1930s might be something to be left for historians to be concerned about. But the very same kinds of policies that were tried-- and failed-- during the 1930s are being carried out in Washington today, with the advocates of such policies often invoking FDR's New Deal as a model....

[Chris]

Bridges, roads, parks, buildings aren't STUFF.....

gotcha:smiley_ROFLMAO:



Lions and tigers and bears....

Surprising to see you advocating Keynesian trickle down economics.

[Cigar]

Lions and tigers and bears....

Surprising to see you advocating Keynesian trickle down economics.

If you get a leak in your roof ... is there a debate in the house on rather to fix it or not?

Just saying :rollseyes:

[nic34]

OK, let's go...

FDR's policies prolonged Depression by 7 years, UCLA economists calculate (http://newsroom.ucla.edu/portal/ucla/fdr-s-policies-prolonged-depression-5409.aspx)



How Government Prolonged the Depression (http://online.wsj.com/article/SB123353276749137485.html):



How FDR Made the Depression Worse (http://mises.org/freemarket_detail.aspx?control=258)



FDR’s policies prolonged Great Depression (http://rapidcityjournal.com/news/opinion/columnists/national/thomas-sowell-fdr-s-policies-prolonged-great-depression/article_3f80432e-e6c5-11df-affe-001cc4c03286.html)

Funny how you claim to be non-partisan, yet always manage to find some version of partisan revisionism...

The right-wing New Deal conniption fit

Defenders of the New Deal will find much to argue with in Cole and Ohanion’s account, but for simplicity’s sake, I am going to zero in on just one point — the impact of the New Deal on unemployment.

Cole and Ohanian:

The goal of the New Deal was to get Americans back to work. But the New Deal didn’t restore employment. In fact, there was even less work on average during the New Deal than before FDR took office.

How can one make this claim? Unemployment reached 25 percent in the Great Depression, and fell steadily until World War II (although there were some bumps up along the way). Ah, but the revisionist position is that unemployment did not fall as much as it should have. And this argument is based on an interesting interpretation of the available data.

http://www.salon.com/2009/02/02/the_new_deal_worked/

[Mainecoons]

Bridges, roads, parks, buildings aren't STUFF.....

gotcha:smiley_ROFLMAO:

And once again, Nic flouts his ignorance:

http://www.usgovernmentspending.com/piechart_2013_US_total

Look at the pie chart, genius, and see if you can figure out just how inconsequential a part of total government spending your infrastructure whine is.

If you can't understand the chart, PM me and I'll give you a crash course in understanding the pretty pictures.

[paul alan]

Can't we see mainecoons at a tea party town hall, as this 70 something, fat, baldheaded guy in overalls stands up:

"Senator, what do you plan to do about that Commie, pinko, socialist, fascist, negro, chicom, Obamacare sucking, death paneler, foreign sunnafabitch we have in the White House ?"

(applause)

"Don't you tell me to sit down godammit"

:)

[Cigar]

http://bp3.blogger.com/__kWQSbnqf1c/RrmNpuWO0OI/AAAAAAAAAgU/TzM1ZYSQk8g/s320/old+fart.gifmainecoons :roflmao:

[nic34]

All that shows is that we spend more than most every civilized nation on healthcare and defense..... spending on infrastructure should INCREASE.... duh...

[paul alan]

Odd isn't it, the Republican fools who create the economic disasters are the first to claim they can fix it faster ....

And given another chance, they create another economic disaster....

So.......

Got that right!

:)

[nic34]

Can't we see mainecoons at a tea party town hall, as this 70 something, fat, baldheaded guy in overalls stands up:

"Senator, what do you plan to do about that Commie, pinko, socialist, fascist, negro, chicom, Obamacare sucking, death paneler, foreign sunnafabitch we have in the White House ?"

(applause)

"Don't you tell me to sit down godammit"

:)



You're right.... I take him FAR too seriously......:shocked:

[Cigar]

Odd isn't it, the Republican fools who create the economic disasters are the first to claim they can fix it faster ....

And given another chance, they create another economic disaster....

So.......

Got that right!

:)

Democrats are use to pulling Republicans head out of their collective ass ... it's a tradition. :grin:

[Chris]

Can't we see mainecoons at a tea party town hall, as this 70 something, fat, baldheaded guy in overalls stands up:

"Senator, what do you plan to do about that Commie, pinko, socialist, fascist, negro, chicom, Obamacare sucking, death paneler, foreign sunnafabitch we have in the White House ?"

(applause)

"Don't you tell me to sit down godammit"

:)





We already know you're good at making things up, pauls. If we gave out daily awards from made up personal insults, that might take the cake.

[Chris]

Odd isn't it, the Republican fools who create the economic disasters are the first to claim they can fix it faster ....

And given another chance, they create another economic disaster....

So.......

Got that right!

:)



Again, you fail to make sense. None of us arguing here are Republicans. And if you're going to get into childish name calling like that, you won't last long.

I'm your newly found partisan friends will applaud your award.

[nic34]

I'm your newly found partisan friends will applaud your award.

Maincoons already won it.

[Chris]

Maincoons already won it.



If he did, call him on it or report him rather than hypocritically joining in and cheering on others.

[paul alan]

Again, you fail to make sense. None of us arguing here are Republicans. And if you're going to get into childish name calling like that, you won't last long.


Name calling? Well we are all aware you know where the "report" button is ... that last resort for a humiliated poster ....and we also know "name calling" is anything that upsets a right winger in a Right Wing Message Board.

:)

[Chris]

Name calling? Well we are all aware you know where the "report" button is ... that last resort for a humiliated poster ....and we also know "name calling" is anything that upsets a right winger in a Right Wing Message Board.

:)



Still batting 1000 if making shit up were hits.

Yes, you called names.

Check the rules here, pauls: "No personal attacks." http://thepoliticalforums.com/threads/6236-The-Political-Forums-Revised-Rules-and-Regulations

When you signed up you agreed to the rules here. Did you make that up too?

And mods here request violations be reported. You know, if you don't like the way things are here, the door out's the same as the door in.

Instead of constantly shooting yourself in the foot, why don't you try and join in discussion and contribute something.

[Mainecoons]

And this just for Nic and Paul, the historical revisionists:

http://www.fundmasteryblog.com/wp-content/uploads/2009/01/heritage-global-insight-new-deal-raw-deal.JPG

Isn't it amazing how much this looks like the ObamaRecovery?

Whooda thunk it?

:rofl:

[Chris]

The math is simple: Hoover is to Bush as FDR is to Obama.

[paul alan]

The math is simple: Hoover is to Bush as FDR is to Obama.

Marvelous! But it reads: Bush is to Hoover as Obama is to FDR.

And here I thought home schooling was a tad mind narrowing


:smiley:

[paul alan]

We shouldn't forget, tri-cycle use among ages 18-54 DOUBLED under FDR!

:)

[paul alan]

The U.S. economy expanded more than estimated in the second quarter, providing evidence that growth is picking up as the nation overcomes the effects of federal tax increases and budget cuts.



http://www.bloomberg.com/news/2013-08-29/economy-in-u-s-expanded-more-than-forecast-in-second-quarter.html

[Chris]

Marvelous! But it reads: Bush is to Hoover as Obama is to FDR.

And here I thought home schooling was a tad mind narrowing


:smiley:



The analogy is the same way no matter how you write.




And here I thought home schooling was a tad mind narrowing

No idea what you're babbling about there.

[Mainecoons]

The U.S. economy expanded more than estimated in the second quarter, providing evidence that growth is picking up as the nation overcomes the effects of federal tax increases and budget cuts.



http://www.bloomberg.com/news/2013-08-29/economy-in-u-s-expanded-more-than-forecast-in-second-quarter.html

You're just demonstrating the works of a lazy mind. Too lazy to look behind the numbers even after I gave you the link for doing so.

Stay stupid and liberal. Right up to the end. :grin:

[Chris]

From pauls' link:


Gross domestic product rose at a 2.5 percent annualized rate, up from an initial estimate of 1.7 percent, Commerce Department figures showed today in Washington.

BEA Will Change The GDP Calculation To Boost Economy By 3% In July (http://www.streettalklive.com/off-the-street/1675-bea-will-change-the-gdp-calculation-to-boost-economy-by-3-in-july.html)


The US economy will officially become 3 per cent bigger in July as part of a shake-up that will see government statistics take into account 21st century components such as film royalties and spending on research and development.

Oops. Cooking the books.

[Mainecoons]

Paul is a very good example of what happens when you are incapable or just too lazy to look beyond the headlines and see if the reality fits the first impression.

Of course, film royalties and R&D spending are brand new which is why the Obama administration waited five long years to start including them.

Or maybe they are increasingly desperate to keep their recovery fiction alive.

[paul alan]

Consumer spending climbed 1.8 percent, the same as previously reported, propelled by gains in durable goods such as automobiles and appliances. That followed a 2.3 percent increase from January through March. Purchases added 1.2 percentage points to growth.

http://www.bloomberg.com/news/2013-08-29/economy-in-u-s-expanded-more-than-forecast-in-second-quarter.html



But we have to read behind the numbers, like the irrefutable Glenn Beck and Mark Levin do!

Too funny!


:)

[Chris]

Consumer spending climbed 1.8 percent, the same as previously reported, propelled by gains in durable goods such as automobiles and appliances. That followed a 2.3 percent increase from January through March. Purchases added 1.2 percentage points to growth.

http://www.bloomberg.com/news/2013-08-29/economy-in-u-s-expanded-more-than-forecast-in-second-quarter.html



But we have to read behind the numbers, like the irrefutable Glenn Beck and Mark Levin do!

Too funny!


:)



Interesting you left out the title--same as cigar's: "Growth Beats Estimate as U.S. Weathers Budget Cuts". Thanks for supplying evidence that cutting the budget has positive effects on the economy!

[Mainecoons]

Did anyone cite Beck and Levin on this?

My mistake was citing something that is far too sophisticated for either Nic or Paul to understand. Just like Chris cited that the GDP computation was revised to add other things, which of course inflated the figure. That mathematical concept was also far too sophisticated for Nic and Paul.

:grin:

[Peter1469]

Unemployment is down because job participation is down. (http://www.breitbart.com/Big-Government/2013/08/28/Labor-Participation-Rate-Hits-34-Year-Low)

[Agravan]

Unemployment is down because job participation is down. (http://www.breitbart.com/Big-Government/2013/08/28/Labor-Participation-Rate-Hits-34-Year-Low)

Here's where libs like Cigar chime in and say "What? Do you want Obama to force them to work?"
Never realizing that they don't want to not participate, there is nothing to participate in because of Dear Leader's and his loyal minions' policies.

[zelmo1234]

If people make the personal choice to retire ... what exactly are you going to do about it?

Force them to look?

Why do you care?


Because they are not choosing to retire, they are going on disability?

http://apps.npr.org/unfit-for-work/

We are paying for them to quite working not because they really have a disability but they need something because they can't find jobs

[Mr Happy]

Tax intake has gone from $3.7 trillion in 2009 to 5.4 in 2012. That would suggest more jobs are being created. Or suddenly those super benevolent "we do anything to get out of paying our taxes" corporates have started paying, which I highly doubt..

http://www.usgovernmentrevenue.com/total_revenue_2013USrn

[Chris]

Here's where libs like Cigar chime in and say "What? Do you want Obama to force them to work?"
Never realizing that they don't want to not participate, there is nothing to participate in because of Dear Leader's and his loyal minions' policies.



What's the incentive when welfare, food stanps, unemployment compensation and other benefits outweigh honest to goodness work.

[Chris]

Tax intake has gone from $3.7 trillion in 2009 to 5.4 in 2012. That would suggest more jobs are being created. Or suddenly those super benevolent "we do anything to get out of paying our taxes" corporates have started paying, which I highly doubt..

http://www.usgovernmentrevenue.com/total_revenue_2013USrn



Makes not a wit of sense.

[GrassrootsConservative]

Tax intake has gone from $3.7 trillion in 2009 to 5.4 in 2012. That would suggest more jobs are being created. Or suddenly those super benevolent "we do anything to get out of paying our taxes" corporates have started paying, which I highly doubt..

http://www.usgovernmentrevenue.com/total_revenue_2013USrn

Except we know for a fact that jobs aren't being created except in the McJobs sector and anything part-time. So it must be the latter.

[paul alan]

Except we know for a fact that jobs aren't being created except in the McJobs sector and anything part-time. So it must be the latter.

Bush killed 8 million low wage, unskilled jobs in 2008-2009, mostly by outsourcing and crashing the economy.

Do you suggest Obama replace these with entry level CEO jobs?

There are 3.4 million skilled jobs available in the U.S. today going begging.


:rollseyes:

[paul alan]

Unemployment is down because job participation is down. (http://www.breitbart.com/Big-Government/2013/08/28/Labor-Participation-Rate-Hits-34-Year-Low)

Sales of tricycles is at a 40 year high!


:)

[Chris]

Bush killed 8 million low wage, unskilled jobs in 2008-2009, mostly by outsourcing and crashing the economy.

Do you suggest Obama replace these with entry level CEO jobs?

There are 3.4 million skilled jobs available in the U.S. today going begging.


:rollseyes:



And yet recovery is slow as molasses.


With 9% jobless. Even with 9% jobless, 3.4 million US jobs go begging (http://www.philly.com/philly/blogs/inq-phillydeals/3-million-US-jobs-go-begging.html#IjLLdy4gmrLElwbu.99): "Yet there are at least 15 million unemployed Americans who say they're seeking work. That's more than 4 people out-of-work, for every 1 available job."

[paul alan]

Yes, the 8 million workers whose jobs Bush and Republicans killed or outsourced, did not die or go overseas as Republicans promised.

They stayed.

Strange eh?


:)

[Agravan]

Yes, the 8 million workers whose jobs Bush and Republicans killed or outsourced, did not die or go overseas as Republicans promised.

They stayed.

Strange eh?


:)
Link?
Or is this just pulled out of your ass, as is most of the tripe you've been posting.

[Chris]

Yes, the 8 million workers whose jobs Bush and Republicans killed or outsourced, did not die or go overseas as Republicans promised.

They stayed.

Strange eh?


:)



Repeat yourself much? No one argued with that. Government is notorious for regulating and taxing not just companies but jobs offshore and overseas. Bush was bad, Obama, his clone, more of the same.

[Chris]

Link?
Or is this just pulled out of your ass, as is most of the tripe you've been posting.



Here's a link: http://liberalforum.org/liberalforum/index.php?/topic/148624-bush-tax-loopholes-outsourced-8-million-low-wage-jobs/


Oh, wait, that's paul on another forum making the same claim.

Seems this guy channel surfs DNC talking points all over the place.

[Chris]

And here's his false source:


Sen. Harry Reid falsely claimed that 8 million jobs were lost during the Bush administration. To the contrary, there was a net gain of 1 million jobs under President George W. Bush. It's true that more than 8 million jobs were lost as a result of the recent recession — from the job peak to trough — but only about half of those were lost under Bush.

...It's true that roughly 8.75 million jobs were lost from January 2008 to February 2010. But about half of those losses occurred during Obama's presidency....

http://www.factcheck.org/2011/08/reid-wrong-on-bushs-economic-record/


Paul, why would you repeat false information like that?

[zelmo1234]

Yes, the 8 million workers whose jobs Bush and Republicans killed or outsourced, did not die or go overseas as Republicans promised.

They stayed.

Strange eh?


:)

So you are fairly Young I take it?

Because the jobs have been leaving for the last 6 years, and it is the policies of the Obama administration that has been chasing them away!

[Dr. Who]

For the rest of you, I recommend this very detailed look at the employment picture:

http://advisorperspectives.com/dshort/updates/Unemployment-and-the-Market.php

As you can see here, the ObamaRecession is rolling right along:

http://4.bp.blogspot.com/-LVTVP6cVFfU/UfuoQ_s8xxI/AAAAAAAAbU0/K4m2Bl8cw0A/s1600/EmployRecJuly2013.jpg

While the duration of unemployment time remains near the peak:

http://advisorperspectives.com/dshort/charts/indicators/unemployment-duration.gif

And, of course, it is easy to pretend that overall unemployment is dropping when in point of fact, all that is happening is that people are giving up and leaving the work force:

http://advisorperspectives.com/dshort/charts/indicators/unemployment-labor-force-participation-rate.gif

The first graph only goes until 2007 which precedes the Obama administration.

[zelmo1234]

Actually your first Graph starts in 2007, note the census hiring in 2010?

[paul alan]

So you are fairly Young I take it?

Because the jobs have been leaving for the last 6 years, and it is the policies of the Obama administration that has been chasing them away!

President Obama has created 9 million jobs to cover the 8 million Bush and Republicans lost in 2008-2009

The baby boomers are retiring and leaving the work force in numbers never seen in U.S. history.

But the President will cover the Bush debacle as well as the record retirements

Not to worry ....


:)

[paul alan]

Improving Growth ....

“Managers actually are fairly bullish on the environment,” Arvin Soh, a New York-based portfolio manager with GAM, said by phone. His firm has more than $120 billion under management.

“The view has been, ‘yes we have some serious issues with Syria, but at the end of the day, growth is improving


http://www.bloomberg.com/news/2013-09-04/u-s-stock-index-futures-are-little-changed.html

[nic34]

So you are fairly Young I take it?

Because the jobs have been leaving for the last 6 years, and it is the policies of the Obama administration that has been chasing them away!

‘Outsourcing is a growing phenomenon, but it is something that we should realize is probably a plus for the economy in the long run.' Chairman Gregory Mankiw, Bush White House Council of Economic Advisers, New York Times, 2/11/04
“the practice of moving American jobs to low-cost countries ‘is part of trade' and that 'there can't be any doubt about the fact that trade makes the economy stronger.'” Bush Administration Treasury Secretary John W. Snow, New York Times, 3/31/04


Meanwhile Republicans in Congress fought to keep, and even expand, these kinds of tax loopholes for years.

Republicans Enacted Legislation to Provide $42 billion in Additional Tax Benefits for Offshore Operations of U.S. Corporations, Encouraging the Shipping of U.S. Jobs Overseas. The measure included 24 separate provisions that encourage shipping jobs overseas -- replacing tax incentives to export American goods with tax incentives to export Americans jobs. This came at a time when studies showed that U.S. companies shifting more of their profits to tax-haven countries, such as Bermuda, to avoid paying U.S. taxes costing the U.S. treasury as much as $20 billion each year. [PL 108-357]

http://www.democraticleader.gov/news/reports/outsourcing-report-republicans-rewarding-corporations-ship-us-jobs-overseas

[Agravan]

President Obama has created 9 million jobs to cover the 8 million Bush and Republicans lost in 2008-2009

The baby boomers are retiring and leaving the work force in numbers never seen in U.S. history.

But the President will cover the Bush debacle as well as the record retirements

Not to worry ....


:)

What color is the sky on your world?

[paul alan]

‘Outsourcing is a growing phenomenon, but it is something that we should realize is probably a plus for the economy in the long run.' Chairman Gregory Mankiw, Bush White House Council of Economic Advisers, New York Times, 2/11/04
“the practice of moving American jobs to low-cost countries ‘is part of trade' and that 'there can't be any doubt about the fact that trade makes the economy stronger.'” Bush Administration Treasury Secretary John W. Snow, New York Times, 3/31/04


Meanwhile Republicans in Congress fought to keep, and even expand, these kinds of tax loopholes for years.

Republicans Enacted Legislation to Provide $42 billion in Additional Tax Benefits for Offshore Operations of U.S. Corporations, Encouraging the Shipping of U.S. Jobs Overseas. The measure included 24 separate provisions that encourage shipping jobs overseas -- replacing tax incentives to export American goods with tax incentives to export Americans jobs. This came at a time when studies showed that U.S. companies shifting more of their profits to tax-haven countries, such as Bermuda, to avoid paying U.S. taxes costing the U.S. treasury as much as $20 billion each year. [PL 108-357]
http://www.democraticleader.gov/news/reports/outsourcing-report-republicans-rewarding-corporations-ship-us-jobs-overseas


Sad eh?

Bush made sure the jobs went, but was surprised the workers stayed ....


:(

[Agravan]

http://geekyscifi.com/wp-content/uploads/2012/09/welcome-to-earth.jpeg

Now, go home.

[paul alan]

Tea baggers do rely on cartoons to get a message across don't they!

They were never pressed to speak in their youths?


:smileinbox:

[Agravan]

I haven't noticed you putting up many cartoons... oh wait, you mean teabaggers like Cigar? Really? How did you know he was into teabagging, or are you his partner? Are you the bagger or baggee? Oh, I know, you guys switch out every other time, right? Liberal fairness and all.

[paul alan]

Say again?


:smileinbox:

[Chris]

Yes, the 8 million workers whose jobs Bush and Republicans killed or outsourced, did not die or go overseas as Republicans promised.

They stayed.

Strange eh?


:)


And here's his false source:


Sen. Harry Reid falsely claimed that 8 million jobs were lost during the Bush administration. To the contrary, there was a net gain of 1 million jobs under President George W. Bush. It's true that more than 8 million jobs were lost as a result of the recent recession — from the job peak to trough — but only about half of those were lost under Bush.

...It's true that roughly 8.75 million jobs were lost from January 2008 to February 2010. But about half of those losses occurred during Obama's presidency....

http://www.factcheck.org/2011/08/reid-wrong-on-bushs-economic-record/


Paul, why would you repeat false information like that?


Hey, Paul, you fess up to this lie yet?

[Chris]

Tea baggers do rely on cartoons to get a message across don't they!

They were never pressed to speak in their youths?


:smileinbox:


Here you go again...

http://snag.gy/GYE8M.jpg

[paul alan]

9/5/2013

Jobless Claims in U.S. Decline More Than Forecast - with 176,000 new jobs

Fewer Americans than forecast filed applications for unemployment benefits (http://topics.bloomberg.com/unemployment-benefits/) last week, indicating the labor market is improving.
Jobless claims (http://www.bloomberg.com/quote/INJCJC:IND) declined by 9,000 to 323,000 in the week ended Aug. 31, less than the lowest estimate of economists surveyed by Bloomberg, from a revised 332,000, according to Labor Department data issued today in Washington. Another report showed productivity climbed more than previously estimated in the second quarter.

Companies boosted employment by 176,000 workers in August, figures from the Roseland, New Jersey-based ADP Research Institute also showed today. The median forecast of 43 economists surveyed by Bloomberg called for a 184,000 gain. Estimates ranged from increases of 150,000 to 225,000.


http://www.bloomberg.com/news/2013-09-05/jobless-claims-in-u-s-declined-more-than-forecast-last-week.html


Excellent....

:)

[Mainecoons]

http://1.bp.blogspot.com/-ObzG3MF4vTw/UifKlkd-nDI/AAAAAAAAXGU/ONBX81v0DnI/s400/Down+And+Out.png

[Mainecoons]

http://1.bp.blogspot.com/-dxmdIWnlasM/Uifb9aaViII/AAAAAAAAXG8/f5DrsKJYGnk/s400/U6+Rate.png

[Cigar]

Just keep saying to yourself ... August 2008 never happened. :laugh:

[zelmo1234]

Just keep saying to yourself ... August 2008 never happened. :laugh:

It sure did happen? What caused that again? I forget?

[paul alan]

More Productivity"...The measure of employee output per hour increased at a 2.3 percent annualized rate from April through June after a 1.7 percent decline in the prior three months, another Labor Department report showed. The gain in worker productivity exceeded the median forecast in a Bloomberg survey of economists that called for a 1.6 percent advance. The increase in efficiency last quarter was initially reported as 0.9 percent"



Excellent ....

:)

[Mainecoons]

Something else for the Pollyannas:

http://www.cnbc.com/id/101010511


The number of planned layoffs at U.S. firms surged in August to their highest in half a year, with industrial goods manufacturers the hardest hit, a report on Thursday showed.Employers announced 50,462 layoffs last month, up 33.8 percent from 37,701 in July, according to the report from consultants Challenger, Gray & Christmas.

It is unfortunate, too, that some here are so poorly educated they do not understand that rising productivity means fewer hands needed to make stuff. it is a reflection of the continued march of robotization and automation as employers respond to the cost and regulatory burden of government on "live" employees by replacing them with robots.

Hence the owners of the capital, the one percent, get richer while there are fewer and fewer good jobs. This is going to be the Great Legacy of the Great Liberal Messiah: The loss of quality employment, the McJobization of the economy and the enrichment of the one percent.

[Cigar]

Something else for the Pollyannas:

http://www.cnbc.com/id/101010511



It is unfortunate, too, that some here are so poorly educated they do not understand that rising productivity means fewer hands needed to make stuff. it is a reflection of the continued march of robotization and automation as employers respond to the cost and regulatory burden of government on "live" employees by replacing them with robots.

Hence the owners of the capital, the one percent, get richer while there are fewer and fewer good jobs. This is going to be the Great Legacy of the Great Liberal Messiah: The loss of quality employment, the McJobization of the economy and the enrichment of the one percent.


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So now you're saying Big Government should step in ... and The Job Creator are doing their Job after they got YOUR Money ... make up your mind. :rollseyes:

[paul alan]

Continuing Claims

"The number of people continuing to receive jobless benefits declined by 43,000 to 2.95 million in the week ended Aug. 24.


Excellent ....


That's 5 million under the 8 million jobs Bush killed in 2008-2009

:)

[Mainecoons]

Ciggie, I am sure that Barack and the one percenters really appreciate your slavish devotion to their continued enrichment at the expense of the working class.

Carry on!

[Mainecoons]

Yep Paul, more people exhausting benefits so fewer applicants. Clearly a good thing for the advocates of the welfare state and the continued enrichment of the one percent.

Excellent. . .

[Cigar]

:grin: Feeling a little helpless today ... :laugh:

[paul alan]

Tea baggers go further and further into their shells as their desperate hopes for another Bush-style crash ... continue to fade.


... and fade




....and fade


:)

[Cigar]

October 1st 2013 is getting closer and closer and closer :grin:

[paul alan]

Auto Sales Rebound to Pre-Recession Levels

http://a.abcnews.com/assets/images/logo/AP_logo_update_20130709.gif For the U.S. auto industry, the recession is now clearly in the rear-view mirror.

New car sales jumped 17 percent to 1.5 million in August, their highest level in more than six years. Toyota, Ford, Nissan, Honda, Chrysler and General Motors all posted double-digit gains over last August.




http://abcnews.go.com/Business/wireStory/chrysler-us-sales-rise-12-percent-august-20151467