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-   -   The real party of NO, the GOP, steps it up (http://www.derbytrail.com/forums/showthread.php?t=39808)

Riot 12-03-2010 05:15 PM

Quote:

Cannon Shell You say these things as they were factual.
They are factual. Apparently beyond your ken, however.

Quote:

You seem to fail to grasp the fact the a stronger economy is a far greater generator of govt revenues than raising tax rates. That is a fact.
:zz: Another of Chucks' whacky sidetrack straw men. You change the subject then insult other posters. I wasn't talking about how to generate government dollars. Duh. You fail to grasp the subject you jumped into.

The discussion was about the immediate benefit of unemployment dollars on the economy - and thus why it's so necessary to extend benefits for the unemployed when joblessness is so high and the recession is so slow.

Of course I think a stronger economy is better generator of government revenues that raising tax rates. Duh. We have to get to the stronger economy. Cutting off unemployment checks to millions is the opposite of that.

Riot 12-03-2010 05:18 PM

Quote:

Originally Posted by Cannon Shell (Post 729817)
The problem with your theory is that all the jobs you believe are saved are all govt subsidized or in no danger anyway. The food production business is already massively subsidized by the govt, public utilities as well. The oil industry is hardly hurting (gas stations).

It's no theory. You might read your WSJ a little more thoroughly for the explaination if you can't understand how dollars infused immediately into the economy help keep the economy stable.

My "theory" (which is not my theory, but the common knowledge of economists) is not saying anything at all about jobs saved, government subsidized, etc. If you can't understand what the conversation is about, probably best not for you to jump in and start talking about something else entirely, as you usually do.

Riot 12-03-2010 05:23 PM

[quote=Cannon Shell;729944]There is no use trying to talk sense to you and Riot because you just wont admit you dont know what you are talking about regardless of how much evidence there is to the contrary of your point[/QUOTE

Your insults are no substitute for trying to debate with facts, although you apparently think so, but it does seem the only thing you can routinely come up with.

Try harder. Throw some of those "facts" out yourself (btw, "fact" isn't just something you think is true)

Danzig 12-03-2010 06:04 PM

http://www.washingtonpost.com/wp-dyn...T2010022404689

Riot 12-03-2010 07:05 PM

Unemployment checks help positively drive the economy. Applicable excerpts:

Quote:

Even as Congress debates whether to extend emergency unemployment checks for more than 6 million Americans who are approaching the 99-week-limit, some four million others are facing the certain end of their benefits over the next year, unless an entirely new program is crafted.

This is the sobering conclusion of a report released by the President's Council of Economic Advisers on Thursday. The study forecast that the exhaustion of unemployment benefits for so many will curb spending power enough to significantly impede an already weak economic recovery.

Without an agreement to extend the program, the economy will lose about 600,000 jobs, as the spending enabled by continued unemployment checks ceases.

National economic output--which expanded at an annual pace of 2.5 percent during the summer months--would fall off by 0.6 percent.

That disturbing prospect does not even account for the roughly four million people who would exceed even the extended limits in the emergency program. Were that many jobless people left to fend themselves without unemployment checks, that would pose significant risks for the broader economy, say economists. They cite the fact that consumer spending accounts for roughly 70 percent of all economic activity.

"If you're looking for economic recovery supported by consumers, it's discouraging," said Henry J. Aaron, an economist at the Brookings Institution, a research institution in Washington. "It's drag on the economy."

Many economists argue that paying unemployment benefits is among the most effective ways the government can spur the economy: Jobless people tend to spend nearly all of their unemployment checks, distributing those dollars throughout the economy.

"There's very few things we can spend money on that probably have such an immediate impact on household consumption as unemployment benefits for the long-term unemployed," said Gary Burtless, a former Labor Department economist and now a fellow at Broookings.

More than 6.3 million workers were out of a job for at least 27 weeks in November, comprising nearly 42 percent of all unemployed Americans, according to Labor Department data released Friday.

The Federal Reserve forecasts that the unemployment rate will still be as high as 9 percent this time next year, and about 8 percent at the end of 2012, according to minutes from the central bank's Federal Open Market Committee meeting last month.
http://www.huffingtonpost.com/2010/1..._n_791682.html

Riot 12-03-2010 07:08 PM

Quote:

Originally Posted by Danzig (Post 730080)

The filibuster is only a parliamentary procedure of the Senate, and will definitely be changed due to current abuse in January. Not eliminated, but changed in application. Never has a party put an automatic filibuster on EVERYTHING before. It's appalling.

SOREHOOF 12-03-2010 07:09 PM

Quote:

Originally Posted by Riot (Post 729775)
That $300 goes immediately out into the economy as cash. It isn't saved.

Pretend $50 goes to the grocery store. The grocery then gives $20 out in salaries (which goes out again to groceries, rent, etc a second time), puts $5 into inventory (grows business) and he puts $10 out in car purchase (expands who gets part of that $300) and $5 out into his groceries, rent, etc.

Pretend $250 goes to rent. Repeat the above with the owner paying off the mortage, then buying groceries, etc.

That $300 goes out and circulates throughout the economy multiple times before it ends up "taken out" (into long-term capital investments, savings, etc) Each time it circulates, it requires a business to be open and have inventory, it supports salaries: grocery, truck line, grower of food, gas station owner, clerk, gasoline tanker driver, etc.

Bonds, etc. only make money that goes into the economy the first time they are sold. Trading stocks, etc. in the markets does NOT circulate money into the economy that causes growth.

Let's pretend the Govt has it's own money too, while we're at it. You seem to be saying that if the Govt. takes $100 of my hard earned money away from me, that I was going to spend to spur the economy, and gives it to someone else to spur the economy, that some how there was a net gain? Let's also pretend that there is still $100 of the money ( that I worked hard for ), that the Govt. took, left, when the Govt. gives it to someone whom they deem better able to spend it. That's a whole lot of pretending. You must have seen what happened when Bush sent checks out to most everyone to spur the economy. Did it work then? Nope. Redistribution of wealth is what this Administration is all about. If you think that you don't pay enough taxes, I've got a good idea for you and other rich liberals. Instead of waiting for the Govt.(which was never intended to be a CHARITY) to take more of the citizens money. Just send it here.

http://fms.treas.gov/faq/moretopics_gifts.html

There won't be any reason to raise anyone's taxes. The rich liberals will take care of everyone! LET'S PRETEND!

Riot 12-03-2010 07:15 PM

Quote:

Originally Posted by SOREHOOF (Post 730106)
Let's pretend the Govt has it's own money too, while we're at it. You seem to be saying that if the Govt. takes $100 of my hard earned money away from me, !

No, not at all what I am saying. That's just some weird thing you made up.

People who get unemployment spend the money immediately, infusing it all right back into the economy. These are people that have no discretionary spending options. Do you realize that "the government" doesn't pay the overwhelming majority of unemployment funds, right?

Quote:

Redistribution of wealth is what this Administration is all about.
No. That is what actually happened under George Bush II. Today an increasingly tiny portion of the American population now owns the vast majority of the money in the United States. That (concentration of wealth into fewer and fewer hands) worsened, accelerated markedly under Bush II. It has not under the current administration.

SOREHOOF 12-03-2010 07:26 PM

Quote:

Originally Posted by Riot (Post 730108)
No, not at all what I am saying. That's just some weird thing you made up.

People who get unemployment spend the money immediately, infusing it all right back into the economy. These are people that have no discretionary spending options. Do you realize that "the government" doesn't pay the overwhelming majority of unemployment funds, right?

Why does the govt. put a price tag on what it's going to cost to extend unemployment, if they (we?) aren't paying out the overwhelming cost. Does the overwhelming cost mean anything to you? Are you gainfully employed? Have you ever drawn Unemployment Benefits? Sorry Riot , I don't trust these guys running the show.

SOREHOOF 12-03-2010 07:33 PM

The more people dependent on the Govt. for their "good fortune" in life, or their mere survival, the better it is for the Govt. who needs their votes for their own continued "good fortune" and survival.

SOREHOOF 12-03-2010 07:43 PM

Quote:

Originally Posted by Riot (Post 730108)
No, not at all what I am saying. That's just some weird thing you made up.

So tell me I'm making this up too!
The Govt. takes $100 of my money( and 5 other people who worked hard to earn it). Magically turns it into $600. They turn it into 2 piles of $300. They now keep 1 pile, because they worked hard for it, and give the other pile to someone else. Might be a Union. Might be someone unemployed. Might be someone faking it for SSI. Whatever. The original $600 would do more for the economy than whatever is left when your Govt. is done re-releasing it.

Riot 12-03-2010 07:47 PM

Quote:

Originally Posted by SOREHOOF (Post 730118)
The more people dependent on the Govt. for their "good fortune" in life, or their mere survival, the better it is for the Govt. who needs their votes for their own continued "good fortune" and survival.

Nobody is asked their political party when they get unemployment insurance from their state.

Riot 12-03-2010 07:47 PM

[quote]
Quote:

Originally Posted by SOREHOOF (Post 730115)
Why does the govt. put a price tag on what it's going to cost to extend unemployment, if they (we?) aren't paying out the overwhelming cost.

Because our whole economy is affected, and they are talking about the federal extensions.

There are two types of unemployment. The first is paid by employers paying into a pool within your state. That is the vast majority. The federal government only steps in to support the states for extended benefits after the state's two types of benefits are exhausted. States have the option to have the feds pay shared or all of the most extended benefits. For the states that are letting the fed pay it all, those folks are getting cut off earlier than other people in other states whose states share the burden.

The recession is so severe, the feds have millions of people on extended benefits. These people have exhausted their savings, their houses don't sell readily now - the only thing keeping many of them from literally homelessness and starvation is $300 a week.

Quote:

Does the overwhelming cost mean anything to you? Are you gainfully employed? Have you ever drawn Unemployment Benefits? Sorry Riot .
Yes, of course the cost matters. But not when unemployed people are starving in a recession. We're Americans, and we help our fellow Americans. I'm not going to let another hard-working American and his kids starve because "it costs money to give them help".

We're broke. We don't buy new weapons systems now. We do help keep our fellow Americans from starving.

If we follow the "can't spend money when we're broke" logic, the next natural disaster (another Katrina, an earthquake in LA, massive flooding), the feds should NOT help, simply because it costs money.

Yes, I am employed, no I have never drawn unemployment. I've paid unemployment insurance for multiple employees for many years as a business owner.

I know a couple people who have been on unemployment in the past three years. And they are NOT lazy drug addicts living off the government. They were highly qualified, hard-working people who were laid off their jobs.

Quote:

I don't trust these guys running the show
Who, the federal government? Or the states? (who approve who gets unemployment funds from the fed government) Or the employers? (who always have a say in an employee getting unemployment or not in the first place)

Riot 12-03-2010 07:49 PM

Quote:

So tell me I'm making this up too!
The Govt. takes $100 of my money( and 5 other people who worked hard to earn it). Magically turns it into $600. They turn it into 2 piles of $300.
That's not what I said at all. Do you not understand the travel of a dollar through the economy? That economic benefit has been known for hundreds of years. It's the dollar traveling through the economy before it is taken out. The expanding value of that dollar during that travel has nothing at all to do with where that dollar comes from (the government, or your job)

SOREHOOF 12-03-2010 07:49 PM

Quote:

Originally Posted by Riot (Post 730108)
No, not at all what I am saying. That's just some weird thing you made up.

People who get unemployment spend the money immediately, infusing it all right back into the economy. These are people that have no discretionary spending options. Do you realize that "the government" doesn't pay the overwhelming majority of unemployment funds, right?



No. That is what actually happened under George Bush II. Today an increasingly tiny portion of the American population now owns the vast majority of the money in the United States. That (concentration of wealth into fewer and fewer hands) worsened, accelerated markedly under Bush II. It has not under the current administration.

I was going to spend it immediately too, Riot. Why the class warfare?

Riot 12-03-2010 07:54 PM

Quote:

Originally Posted by SOREHOOF (Post 730128)
I was going to spend it immediately too, Riot. Why the class warfare?

LOL - Really? The best you can do? You compare paying taxes to receiving unemployment insurance, two things not even remotely related? Throw out a far right wing talking point that isn't even applicable?

Go ahead and explain how a discussion of dollars and the effect of spending on the economy during a recession is "class warfare" Heck, add in how unemployment insurance is "class warfare" (it obviously is not, because it's not income-limited)

Explain it to us. Let me get some popcorn :)

Wait, I have a better idea: why are YOU engaging in class warfare here? Justify yourself, sir!

Danzig 12-03-2010 07:58 PM

Quote:

Originally Posted by Riot (Post 730102)
Unemployment checks help positively drive the economy. Applicable excerpts:



http://www.huffingtonpost.com/2010/1..._n_791682.html

good thing those checks help, considering todays jobs report......geez, just think if that expensive stimulus package wasnt helping.

Riot 12-03-2010 08:03 PM

Quote:

Originally Posted by Danzig (Post 730133)
good thing those checks help, considering todays jobs report......geez, just think if that expensive stimulus package wasnt helping.

Most economists I've seen, and I'm being absolutely serious here, 'Zig, have said the stimulus absolutely helped, and we would have been in the second great depression without it. And that it should have been larger (why we are stuck now) In hindsight I've not seen any economist that said it didn't help.

SCUDSBROTHER 12-03-2010 08:53 PM

Quote:

Originally Posted by Cannon Shell (Post 729947)
No one should get a tax raise during a recession.

Uh, I kind of got a feeling that you are never gunna say it's time for a tax raise. These "job creators" aren't doing much good now. I don't think they're gunna do much worse if they pay the pre-Bush rate. I don't think that many jobs are coming back. We have a big deficit. We can't afford to give rich people breaks on their taxes anymore. Maybe you should of talked to Geedubbya before he started two wars that cost a whole bunch of money we didn't have. This is part of paying for the cowboy's funtime.

Cannon Shell 12-03-2010 08:54 PM

Quote:

Originally Posted by Riot (Post 730063)
The GOP will be the party in power when the rural poor secede from the Union :tro:

If you and the Democrats have your way the rural poor will soon be the redistributed rich

Cannon Shell 12-03-2010 09:00 PM

Quote:

Originally Posted by Riot (Post 730065)
Yes, unemployment dollars DO immediately help the economy, help keep joblessness down, and you might refer to any Economics 101 class to point that out to you.

If you want to take the strange position that immediate infusion of cash into an economy does not help it in a recession, please quote us an explaination from an economist alot smarter than yourself.

Where does that cash come from? Does it just magically appear? People like you want to raise taxes to give more money to the unemployed, yet how many dollars have to be collected to pay out a single dollar in benefits? The strange position is to continue to support extended benefits while also supporting higher taxes on the job creators.

SCUDSBROTHER 12-03-2010 09:03 PM

Quote:

Originally Posted by Cannon Shell (Post 729945)
You live in LA and think 250k a year (pretax by the way) is rich? I guess you dont get out much. Let me ask you a question since you are so much for equality. Why should people who earn good salaries or create jobs via investment in small business have their taxes increased when everyone elses arent? They already pay a higher percentage than you. They already make more of a contribution than you. Why the discrimination?

Like I said, I was forced to use a Vet (it's illegal not to.) He charged over $1000 for keeping the dog about 7-8 hours. Fk him. Son Bitch can pay his tax. Goes for all these people that fix the market to make it illegal not to use them. Fk them. You act like they care about the common person with a problem. Bullshyt. They care about that plastic in ya wallet. I can't think of more deserving people to have their taxes raised.

Cannon Shell 12-03-2010 09:08 PM

Quote:

Originally Posted by Riot (Post 730067)
They are factual. Apparently beyond your ken, however.



:zz: Another of Chucks' whacky sidetrack straw men. You change the subject then insult other posters. I wasn't talking about how to generate government dollars. Duh. You fail to grasp the subject you jumped into.

The discussion was about the immediate benefit of unemployment dollars on the economy - and thus why it's so necessary to extend benefits for the unemployed when joblessness is so high and the recession is so slow.

Of course I think a stronger economy is better generator of government revenues that raising tax rates. Duh. We have to get to the stronger economy. Cutting off unemployment checks to millions is the opposite of that.

The strawman thing is getting tired. You are not able to grasp that these factors are all interrelated which explains your lack of understanding of basic economic fundementals.

Raising taxes is hardly the path to a stronger economy yet you continue to advocate that.

You seem to think that the govt should extend unemployment benefits endlessly, now not because of moral reasons but because of its economic benefits? This is similar to your argument that food stamps are a fine source of economic stimulus as well.

Cannon Shell 12-03-2010 09:11 PM

Quote:

Originally Posted by Riot (Post 730068)
It's no theory. You might read your WSJ a little more thoroughly for the explaination if you can't understand how dollars infused immediately into the economy help keep the economy stable.

My "theory" (which is not my theory, but the common knowledge of economists) is not saying anything at all about jobs saved, government subsidized, etc. If you can't understand what the conversation is about, probably best not for you to jump in and start talking about something else entirely, as you usually do.

Give me a break. Your idea that all spending is good spending regardless of where the money comes from is silly.

Cannon Shell 12-03-2010 09:15 PM

[quote=Riot;730071]
Quote:

Originally Posted by Cannon Shell (Post 729944)
There is no use trying to talk sense to you and Riot because you just wont admit you dont know what you are talking about regardless of how much evidence there is to the contrary of your point[/QUOTE

Your insults are no substitute for trying to debate with facts, although you apparently think so, but it does seem the only thing you can routinely come up with.

Try harder. Throw some of those "facts" out yourself (btw, "fact" isn't just something you think is true)

:zz:

Cannon Shell 12-03-2010 09:23 PM

Quote:

Originally Posted by SOREHOOF (Post 730122)
So tell me I'm making this up too!
The Govt. takes $100 of my money( and 5 other people who worked hard to earn it). Magically turns it into $600. They turn it into 2 piles of $300. They now keep 1 pile, because they worked hard for it, and give the other pile to someone else. Might be a Union. Might be someone unemployed. Might be someone faking it for SSI. Whatever. The original $600 would do more for the economy than whatever is left when your Govt. is done re-releasing it.

What she doesnt seem to understand is that the $100 collected from you doesn't equal $100 in benefits. It is estimated that it needs to collect $115 in order to payout that same $100. That is a net loss to the economy. I understand the moral argument for extending benefits. The economic angle is just a smokescreen.

Cannon Shell 12-03-2010 09:35 PM

Quote:

Originally Posted by Riot (Post 730139)
Most economists I've seen, and I'm being absolutely serious here, 'Zig, have said the stimulus absolutely helped, and we would have been in the second great depression without it. And that it should have been larger (why we are stuck now) In hindsight I've not seen any economist that said it didn't help.

You overstate this depression angle. I said that the stimulus wouldnt work last spring. Not because I am some economic genius but because a huge portion of the package wasn't really stimulus or at least wasn't very effective stimulus. The $20 billion for food stamps for example.

Look at it this way. A baseball team pays a free agent pitcher way more than he is worth (say $20 million a year) and he performs to his usual level(3 million a year). Did the player offer some value to the teams success at the end of the year? Sure, he was slightly better than average, but he didn't give the team the 20 million they paid him worth. The money could have been better spent. That was the stimulus package. It helped a little but not nearly as much as it could have had the money been directed more towards actual stimulus and less towards social programs disguised as stimulus.

When ANY dollar spent can be described as "good for the economy" it isn't hard to make the arguments that the left and Riot make. The problem is that it does matter where that money comes from.

Cannon Shell 12-03-2010 09:39 PM

Quote:

Originally Posted by SCUDSBROTHER (Post 730177)
Like I said, I was forced to use a Vet (it's illegal not to.) He charged over $1000 for keeping the dog about 7-8 hours. Fk him. Son Bitch can pay his tax. Goes for all these people that fix the market to make it illegal not to use them. Fk them. You act like they care about the common person with a problem. Bullshyt. They care about that plastic in ya wallet. I can't think of more deserving people to have their taxes raised.

There is no response that i can think of that doesnt insult you or ask you to seek help...soon...

SCUDSBROTHER 12-03-2010 09:49 PM

Quote:

Originally Posted by Cannon Shell (Post 730211)
There is no response that i can think of that doesnt insult you or ask you to seek help...soon...

Well, anybody that doesn't agree with you is gunna be put in (or around) that boat.

Cannon Shell 12-03-2010 10:57 PM

Quote:

Originally Posted by SCUDSBROTHER (Post 730215)
Well, anybody that doesn't agree with you is gunna be put in (or around) that boat.

Generally when vet expenses are the basis for your desire to raise taxes there is some sort of underlying issue. Maybe it is the Garvey thing?

SCUDSBROTHER 12-03-2010 11:47 PM

Quote:

Originally Posted by Cannon Shell (Post 730236)
Generally when vet expenses are the basis for your desire to raise taxes there is some sort of underlying issue. Maybe it is the Garvey thing?

Yea, I don't like people that try to get rich off sick animals. Especially when they make it illegal to use somebody else. I don't like that combo. They're greedy, and take advantage of nice people. I want their tax break to go away. Soon as possible.

dellinger63 12-04-2010 07:56 AM

Quote:

Originally Posted by SCUDSBROTHER (Post 730241)
Yea, I don't like people that try to get rich off sick animals. Especially when they make it illegal to use somebody else. I don't like that combo. They're greedy, and take advantage of nice people. I want their tax break to go away. Soon as possible.

Next time use www.calvetsupply.com or better yet order some antibiotics and needles now.

Danzig 12-04-2010 08:42 AM

http://www.washingtonpost.com/wp-dyn...rss=rss_nation


tell me again how the stimulus 'worked'. we had four quarters of mild growth, but the money's spent, the latest jobs report sucked(as have the last few), and unemployment is projected to go right back to where it was. if not higher. now, in my mind, a stimulus working wouldn't have results we're seeing. a temporary jump in the right direction, followed by going right back to where we were, is not a fix at all. a bandaid to stop a hemorrhage perhaps. but the patient continues to bleed out anyway.

jms62 12-04-2010 09:16 AM

Quote:

Originally Posted by Danzig (Post 730277)
http://www.washingtonpost.com/wp-dyn...rss=rss_nation


tell me again how the stimulus 'worked'. we had four quarters of mild growth, but the money's spent, the latest jobs report sucked(as have the last few), and unemployment is projected to go right back to where it was. if not higher. now, in my mind, a stimulus working wouldn't have results we're seeing. a temporary jump in the right direction, followed by going right back to where we were, is not a fix at all. a bandaid to stop a hemorrhage perhaps. but the patient continues to bleed out anyway.

I am a broken record but every outsourced job and job filled by H1B holder is purchasing power lost which means less money pumped into our economy... This is a game of musical chairs. What is the solution ? I don't know something dramatic like a Put America back to work Tax on each and every job given to an H1B or done outside of the US applied directly to the deficit? How about an economic cap and trade where we are only allowed to purchase from Foriegn countries an amount that they purchase from us.. Protectionism??? We ****ing need it because Big Business certainly won't do what is in the best interest of the country..

Danzig 12-04-2010 09:40 AM

Quote:

Originally Posted by jms62 (Post 730282)
I am a broken record but every outsourced job and job filled by H1B holder is purchasing power lost which means less money pumped into our economy... This is a game of musical chairs. What is the solution ? I don't know something dramatic like a Put America back to work Tax on each and every job given to an H1B or done outside of the US applied directly to the deficit? How about an economic cap and trade where we are only allowed to purchase from Foriegn countries an amount that they purchase from us.. Protectionism??? We ****ing need it because Big Business certainly won't do what is in the best interest of the country..

it's obvious how to fix everything. get rid of filibustering so that the majority party (currently the dems) can push thru all their grand ideas. of course, when the dems are the minority at some point in the future, they'll rue the day they banned filibustering. but if they'd just get the meanies in the republican party to quit stifling all of obama and co's brilliant plans, we'd all be just fine. i mean, it's obvious that the founding fathers wanted the majority to have all the say, and the minority groups to have none, which is why i can't believe that our govt was set up the way it was.

jms62 12-04-2010 09:51 AM

Quote:

Originally Posted by Danzig (Post 730286)
it's obvious how to fix everything. get rid of filibustering so that the majority party (currently the dems) can push thru all their grand ideas. of course, when the dems are the minority at some point in the future, they'll rue the day they banned filibustering. but if they'd just get the meanies in the republican party to quit stifling all of obama and co's brilliant plans, we'd all be just fine. i mean, it's obvious that the founding fathers wanted the majority to have all the say, and the minority groups to have none, which is why i can't believe that our govt was set up the way it was.

How to fix everything.... How about allowing NO PRIVATE funding of political campaigns. Anyone found to be in violation does mandatory jail time. Special interests run this country....

Danzig 12-04-2010 11:23 AM

http://www.slate.com/id/2276611/


A Joyless Jobless Report
Those dreadful new unemployment numbers are even worse than they look.
By Annie Lowrey
Posted Friday, Dec. 3, 2010, at 7:05 PM ET


one excerpt:

But the official government jobs report contradicts those numbers and came in far worse than even the most pessimistic economists' projections. Economists surveyed by Bloomberg News, for instance, forecast that payrolls would climb by 150,000, with guesses ranging from 75,000 new jobs to 200,000. Instead, the economy added about half of the lowest estimate.



The pace of the recovery is obviously not yet speeding up—in fact, the recovery has stalled out for the past nine months, with employers hesitant to hire, consumers hesitant to spend, and the government running out of bullets. Each month of bad data digs the hole left by the recession a bit deeper and increases the time it will take for the economy to return to normal. The difference between how many workers the economy should employ (given a lower, more normal unemployment rate) and how many it does employ stands at about 11.8 million workers.

Riot 12-04-2010 12:40 PM

Thank you GOP. You have proven beyond a doubt it's more important to you give unfunded tax cuts to those earning over $1 million dollars a year, than help the unemployed and the middle class.

Quote:

Senate Republicans Defeat Reauthorization Of Jobless Aid, Tax Cuts

Senate Republicans and a handful of Democrats Saturday defeated a bill to reauthorize unemployment benefits for the long-term jobless and a plethora of tax provisions for the middle class not because of the bill's trillion-dollar deficit impact, but because it did not include tax cuts for the rich.

"In economic times like these, 9.8 percent unemployment, you should not raise taxes on anyone," Sen. John Barrasso (R-Wyo.) told HuffPost"

Two bills were defeated.

By a vote of 53-36, the Senate rejected a measure by Sen. Max Baucus (D-Mont.) that would have preserved Bush era tax cuts for lower- and middle-income taxpayers, but would have allowed cuts for people earning more than $200,000 a year to expire.

Four Democrats and Joe Lieberman (I-Conn.) joined Republicans in voting nay.

The Senate also rejected a bill by Sen. Chuck Schumer (D-N.Y.) that would have extended all the cuts, but not for anybody making more than $1 million.

Republicans and conservative Democrats have opposed reauthorizing the benefits without offsetting their deficit impact by cutting spending from elsewhere in the budget. But those same lawmakers have not insisted that tax cuts for the rich, estimated to cost nearly $700 billion over 10 years, be offset in any way. A yearlong reauthorization of unemployment benefits would cost roughly $60 billion.

During debate on the Senate floor before the vote, Schumer asked Sen. Chuck Grassley (R-Iowa) about Republicans' different positions on deficit reduction.

"Could he please explain to me why it is OK to take $300 billion of tax cuts for those at the highest income levels, above a million, and not pay for it," Schumer said, "and yet we have to pay for unemployment insurance extensions?"

Riot 12-04-2010 12:45 PM

Quote:

Originally Posted by Cannon Shell (Post 730180)
The strawman thing is getting tired. You are not able to grasp that these factors are all interrelated which explains your lack of understanding of basic economic fundementals.

And your debate style of insulting other posters while not providing any evidence whatsoever to back your own positions is laughable.

A guy who doesn't think unemployment dollars immediately helps the economy probably not ought to be lecturing others on "understanding basic economic fundamentals"

Why don't you find one that supports that rare position? Look in the WSJ.

Riot 12-04-2010 12:49 PM

Quote:

Originally Posted by Cannon Shell (Post 730170)
If you and the Democrats have your way the rural poor will soon be the redistributed rich

The rural southern poor is overwhelmingly Republican. I wonder how they like the party they elected not extending their unemployment benefits?


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