Unemployment Rate Falls

[dmcowen674]

When Bush is president, the WSJ and unemployment rates are just tools of the right wing to spread their propaganda.

Now that Obama is in office, EskimoLemonBooboo (or whoever the fuck the OP is) can use them as proof positive that the Democrats have led us out of the desert and into the promised land.

This forum is hilarious.

At least Obama is not out there lying that the "Economy is strong" like you and your America hating heroes.

 

[rchiu]

Yeap, 10% unemployment is good news when Dow Jones, corporate profit and CEO/bankers bonus has returned to pre-recession level. Not to mention more manufacture/construction job loss, only made up by service jobs in MickyD.

I know people love to post along their party line and affiliations but this is a little too obvious don't you think?

 

[Zebo]

We lost 11,000 jobs, how did unemployment rate fall? We actually lost jobs!

That's called dropping off the UE roles. Real unemployment is 17% but Clinton and Bush both changed it's calculation.

But y'all have seen nothing yet! Half our GDP is government spending about 6.5 trillion including state and municipal who are going bankrupt. And the feds will find it soon difficult to spend when rug is pulled out of bond market and all we are left with a huge pile of debt.

 

[heyheybooboo]

When Bush is president, the WSJ and unemployment rates are just tools of the right wing to spread their propaganda.

Now that Obama is in office, EskimoLemonBooboo (or whoever the fuck the OP is) can use them as proof positive that the Democrats have led us out of the desert and into the promised land.

This forum is hilarious.

WSJ --- Bush On Jobs: The Worst Track Record On Record


Nice self-p'ownage.


Laughing at your hilarious self, now ?



--

 

[wiretap]

That's pretty surprising since during his terms the dot com bubble collapsed, the housing market collapsed, the banks began collapsing, the automotive industry collapsed, 9/11 attacks, multiple wars, etc. You'd think the number would be negative, but it actually was job growth? lol, if that's the worst, I'll take it. It's better than what we have now.

 

[Red Dawn]

That's pretty surprising since during his terms the dot com bubble collapsed, the housing market collapsed, the banks began collapsing, the automotive industry collapsed, 9/11 attacks, multiple wars, etc. You'd think the number would be negative, but it actually was job growth? lol, if that's the worst, I'll take it. It's better than what we have now.

What we have now is the hangover from his two terms. I'll take what we had before Bush.

 

[wiretap]

What we have is the hangover from decades of legislation which dismantled the free markets, spent trillions on wars, suppressed our Constitutional rights, and is slowly handing power over to international governing bodies. I guess what you mean is that it is fine while you live during those eras, but don't want to live with the consequences. Nice.

 

[Ausm]

Obama will get as much respect from Republicans as Bush did from Democrats. It's a pretty simple point, do you need me to draw you a picture?

Sure whatever gets your rocks off but make sure your sign it Jagoff so I know who drew it...

 

[Pens1566]

Oh, this is fun.

Liberal talking points:
- More unemployment is needed so we can get everyone begging at the feet of the government to institute more social redistributive programs so more power is gained by the federal government.
- Let's get those evil businesses and show them who's boss. The government should control all of them.
- Let's manipulate more numbers to fit our agenda. Global warming numbers.. change them. Unemployment numbers.. change them. Spending numbers.. change them.
- Hell, the banks should be run by the federal government too, take them all over. Maybe we could have a joint board for GM and Goldman Sachs.
- Free housing for everyone! When we run out of money we'll just print more!
- Raise taxes! People don't need to keep the money they earn because they don't know how to spend it right.. let's confiscate all their money because we can spend it better.

This post needs more strawman

 

[wiretap]

It was a joke concerning the previous joke to that post. But in all seriousness, it holds much truth.

 

[BoberFett]

WSJ --- Bush On Jobs: The Worst Track Record On Record

Nice self-p'ownage.

Laughing at your hilarious self, now ?

-

No, but laughing even harder at you.

I didn't say the WSJ was propaganda. I said that you and your idiot Democrat knob gobbling buddies claimed it was propaganda anytime it made a positive comment about the economy.

 

[Ausm]

No, but laughing even harder at you.

I didn't say the WSJ was propaganda. I said that you and your idiot Democrat knob gobbling buddies claimed it was propaganda anytime it made a positive comment about the economy.

Sounds like your jealous we won't let you in on the circle jerk?

 

[WhipperSnapper]

That's pretty surprising since during his terms the dot com bubble collapsed, the housing market collapsed, the banks began collapsing, the automotive industry collapsed, 9/11 attacks, multiple wars, etc. You'd think the number would be negative, but it actually was job growth? lol, if that's the worst, I'll take it. It's better than what we have now.

If there was any middle class job growth under Bush, it was far short of what the nation needed to keep pace with its explosive population growth.

Bush was a disaster for the U.S. economy because under his leadership it started to become obvious that the U.S. faced a huge economic crisis in the form of foreign outsourcing, H-1B and L-1 visas, and mass immigration (legal and illegal), and Bush did NOTHING to address it or even acknowledge it. All he wanted to do was to give amnesty to illegal aliens. Under Bush's watch the nation's rate of transformation into an impoverished, overpopulated third world country increased significantly and much of the nation's current economic problems are a hangover from his administration. (It's hard to blame Obama who's been in office for only a little over 10 months for all of this.)

What we have is the hangover from decades of legislation which dismantled the free markets, spent trillions on wars, suppressed our Constitutional rights, and is slowly handing power over to international governing bodies. I guess what you mean is that it is fine while you live during those eras, but don't want to live with the consequences. Nice.

What do you mean when you say "dismantled the free markets"? To a large extent, a free market in the are of international trade has destroyed our nation's economy and labor market through the economic force of Global Labor Arbitrage (a "race to the bottom" or a merging of the American standard of living and wages with those of workers in the third world).

 

[wiretap]

You cannot force companies to do business here in America, that would be tyranny.. and they certainly won't do it when we have the world's highest corporate tax rates, and legislation in place requiring them to pay for the people's expensive health policies. Now the NeoLibs have taken the opportunity to capitalize and use their own tax and health policies which led to the outsourcing, and how they're going to "fix" it by taking over the private sector as we've seen to force price floors/ceilings and set executive pay, and they're also pushing to force people to opt into health care that don't have it and have people who don't want it and don't opt into it to pay a hefty fine. LOL. What a circle jerk. I also know we have done nothing to address illegal immigration, and that's a huge mistake as well. The sad thing is, now we're rewarding immigrants and minorities more than anything which is not treating all people equal. That is unconstitutional in itself right there. I have to pay full college tuition while people sitting next to me right now from a foreign country get it for free because of the tint in their skin and immigration status.

 

[fskimospy]

You cannot force companies to do business here in America, that would be tyranny.. and they certainly won't do it when we have the world's highest corporate tax rates, and legislation in place requiring them to pay for the people's expensive health policies. Now the NeoLibs have taken the opportunity to capitalize and use their own tax and health policies which led to the outsourcing, and how they're going to "fix" it by taking over the private sector as we've seen to force price floors/ceilings and set executive pay, and they're also pushing to force people to opt into health care that don't have it and have people who don't want it and don't opt into it to pay a hefty fine. LOL. What a circle jerk. I also know we have done nothing to address illegal immigration, and that's a huge mistake as well. The sad thing is, now we're rewarding immigrants and minorities more than anything which is not treating all people equal. That is unconstitutional in itself right there. I have to pay full college tuition while people sitting next to me right now from a foreign country get it for free because of the tint in their skin and immigration status.

The effective rate of taxation on US corporations is lower than the OECD average.

 

[wiretap]

The effective rate of taxation on US corporations is lower than the OECD average.

We're at 39.1%, only second to Japan.

 

[BoberFett]

Sounds like your jealous we won't let you in on the circle jerk?

No, I'm just jealous of [you're] mastery of the English language.

 

[fskimospy]

We're at 39.1%, only second to Japan.

While this is technically the rate, the actual rate paid is far lower than that. Our actual corporate tax rate as a percentage of GDP is 2.2 percent, lower than almost every country in the OECD. There is some controversy about our corporate tax rate not including the extra income taxes levied upon small businesses, but even when this is taken into account we are below the OECD average.

 

[Darwin333]

We're at 39.1%, only second to Japan.

That may be true but as a product of our insanely fucked up tax code (which I argue is a product of our insanely fucked up politics) I bet you would have a hard time finding a decent business that paid that rate. If you do find one they need a new accountant. Our business doesn't come close to even half that rate.

 

[wiretap]

Businesses don't pay taxes, their customers do.

 

[fskimospy]

Businesses don't pay taxes, their customers do.

Incorrect. Some taxes are passed on to consumers, some are not.

 

[wiretap]

Incorrect. Some taxes are passed on to consumers, some are not.

lol.. taxes are part of operating costs which they have to work into the equation in order to stay in business. It directly effects the price of their products.

 

[nonameo]

lol.. taxes are part of operating costs which they have to work into the equation in order to stay in business. It directly effects the price of their products.

Does it not affect the pay of employees and upper management? Does it not affect money put into R&D? Etc. etc.

 

[wiretap]

Does it not affect the pay of employees and upper management? Does it not affect money put into R&D? Etc. etc.

If the tax rate is high enough and they're trying to keep open for business on the same levels based on demand. If they raise the price on their products, then people might not buy them. Else, they need to cut employment or employment benefits. But what we've been seeing over the past several decades is exactly that. Prices on products keep going up and companies keep leaving the country. You made my point because it is a double edged sword and hurts everyone.

 

[fskimospy]

lol.. taxes are part of operating costs which they have to work into the equation in order to stay in business. It directly effects the price of their products.

I'm not aware of any credible source that states that 100% of taxes levied upon businesses are passed on to consumers. Like I said, some are, some aren't.