Americans’ wages down during Obama’s term[W:223]

[Sisyphus]

Re: Americans’ wages down during Obama’s term

Of course, you should be schooling all of us conservatives because liberal economic policies and micromanagement of business has been such a rousing success. The economic numbers are outstanding as evidenced by the low economic growth, high debt, high unemployment, and greater govt. dependence. Like far too many you really are an expert on private business and know exactly what it costs to run a business and where that money comes from. Banks are always willing to loan money to a private business and expect no repayment which of course lowers monthly operating expenses. Just think how great it would be to have everything run by the govt. and all tax dollars going into one pot controlled by a politicians. By the way any idea what your state and local taxes fund?

Okay; Lesson One:

Nothing I've stated was Liberal, Centrist, nor Conservative Economics, which in fact does not exist as a form of actual economic study. I merely touched, cursorily, on some aspects of macroeconomics, which does exist.

That help?

 

[Sisyphus]

Re: Americans’ wages down during Obama’s term

Exactly right, have the govt. control all the money, worked well with the bankrupt programs of Medicare and SS along with bankrupting this country. You have it all figured out, don't you? How much do you think those unemployed and discouraged workers are paying in payroll taxes?

Every country's government controls all of its money. Which AM radio show or box of cereal did you hear/read when "learning" about economics? You seem to not even understanding what the word means. No kidding. You've not touched on it in the slightest, in anything you've yet posted.

 

[Gimmesometruth]

Re: Americans’ wages down during Obama’s term

Of course, you should be schooling all of us conservatives because liberal economic policies and micromanagement of business has been such a rousing success.

 

[Conservative]

Re: Americans’ wages down during Obama’s term

Okay; Lesson One:

Nothing I've stated was Liberal, Centrist, nor Conservative Economics, which in fact does not exist as a form of actual economic study. I merely touched, cursorily, on some aspects of macroeconomics, which does exist.

That help?

Not at all for it ignores human behavior and basic business concepts. It is typical liberal book smart rhetoric ignoring street smarts and the real world. We are dealing with actual individuals here not a number in a textbook. People put their money into a business with the idea of making money not being a charity. They cannot print it, they have to either have it or borrow it because they cannot print it. Learn the concept.

 

[Conservative]

Re: Americans’ wages down during Obama’s term

You do realize this is a private sector economy but I do find it interesting that you believe 4 trillion dollars of federal spending isn't adequate enough or not too much.

 

[Sisyphus]

Re: Americans’ wages down during Obama’s term

Not at all for it ignores human behavior and basic business concepts. It is typical liberal book smart rhetoric ignoring street smarts and the real world. We are dealing with actual individuals here not a number in a textbook. People put their money into a business with the idea of making money not being a charity. They cannot print it, they have to either have it or borrow it because they cannot print it. Learn the concept.

Which one? Adam Smith's "Invisible Hand?" (Google it, then we can discuss ... uh; I'll better explain it.)

Edit: oops. Over 50 "memory."

 

[Sisyphus]

Re: Americans’ wages down during Obama’s term

You do realize this is a private sector economy but I do find it interesting that you believe 4 trillion dollars of federal spending isn't adequate enough or not too much.

No. It's Federal Outlays (Spending at the Federal level) and GDP (Public and Private).

 

[Conservative]

Re: Americans’ wages down during Obama’s term

Which one? Adam Smith's "Moral Hand?" (Google it, then we can discuss ... uh; I'll better explain it.)

No, that is ok, stick to the books as I know they will make you a typical liberal success

 

[Conservative]

Re: Americans’ wages down during Obama’s term

No. It's Federal Outlays (Spending at the Federal level) and GDP (Public and Private).

Find out in your textbook the four components of GDP and what each contributes to the economy? Find out the biggest one and what drives it. I assure you it isn't higher taxes or higher regulations.

 

[Sisyphus]

Re: Americans’ wages down during Obama’s term

Find out in your textbook the four components of GDP and what each contributes to the economy? Find out the biggest one and what drives it. I assure you it isn't higher taxes or higher regulations.

Hurts to be schooled, doesn't it?

Tip: best not say others do not understand concepts about something you do not even know what the meaning of the word is: economics.

 

[Sisyphus]

Re: Americans’ wages down during Obama’s term

Find out in your textbook the four components of GDP and what each contributes to the economy? Find out the biggest one and what drives it. I assure you it isn't higher taxes or higher regulations.

Meanwhile, not always. During the New Deal, GDP grew faster than consumer expenditure. Government spent disproportionately, driving the GDP above the organic trend.

 

[Gimmesometruth]

Re: Americans’ wages down during Obama’s term

You do realize this is a private sector economy but I do find it interesting that you believe 4 trillion dollars of federal spending isn't adequate enough or not too much.

Is this non-sequitur supposed to deflect away from your empty claims about "liberal meddling with the economy"?

I can show you over and over how the US economy is increasing at near exponential rates while the cost of fed govt is becoming a smaller and smaller ratio.....but it never gets through....and you continue to prove how you ignore this basic fact.

 

[Conservative]

Re: Americans’ wages down during Obama’s term

Is this non-sequitur supposed to deflect away from your empty claims about "liberal meddling with the economy"?

I can show you over and over how the US economy is increasing at near exponential rates while the cost of fed govt is becoming a smaller and smaller ratio.....but it never gets through....and you continue to prove how you ignore this basic fact.

The economic numbers speak for themselves, unemployment. GDP growth, deficits and debt, Dependency on taxpayer welfare show the success of liberalism and govt. spending

 

[Gimmesometruth]

Re: Americans’ wages down during Obama’s term

The economic numbers speak for themselves, unemployment. GDP growth, deficits and debt, Dependency on taxpayer welfare show the success of liberalism and govt. spending

As compared to what......not provide support for the US banking system (which you are for), not provide UI/SNAP benefits?

Where do you honestly believe we would be at now?

 

[Conservative]

Re: Americans’ wages down during Obama’s term

As compared to what......not provide support for the US banking system (which you are for), not provide UI/SNAP benefits?

Where do you honestly believe we would be at now?

"Your" President has done what with regard to the banking system? Did he get help from Geithner and Larry Summers who came from the banking system? Are the banks lending money or sitting on it?

 

[Gimmesometruth]

Re: Americans’ wages down during Obama’s term

"Your" President has done what with regard to the banking system? Did he get help from Geithner and Larry Summers who came from the banking system?

What has he done? He implemented TARP and Frank/Dodd all of the regulatory provisions they contained along with extending the stress testing and raising capital requirements.

Again, you were in favor of this "liberal" procedure as the conservative view was to let the banks collapse. You totally sidestepped the UI/SNAP benefits question (which does not surprise me, even though you brought it up) and where you think we would be without this.....which was the MAIN point you brought up.

Are the banks lending money or sitting on it?

Weird....is this you saying the fed govt should push this?

 

[Ontologuy]

Re: Americans’ wages down during Obama’s term

Left-wing group: Americans' wages down during Obama's term | The Daily Caller

When are the Obama supporters going to realize that the Obama rhetoric never matches the results and that Obama has been bad for the economy? Those Obama promised to help are getting hurt by Obama economic policies

Yep .. just look at Detroit: bankrupt.

 

[Conservative]

Re: Americans’ wages down during Obama’s term

Gimmesometruth;1062075164]What has he done? He implemented TARP and Frank/Dodd all of the regulatory provisions they contained along with extending the stress testing and raising capital requirements.

No he didn't, TARP was implemented in October 2008, just another blow to what little credibility you have

Again, you were in favor of this "liberal" procedure as the conservative view was to let the banks collapse. You totally sidestepped the UI/SNAP benefits question (which does not surprise me, even though you brought it up) and where you think we would be without this.....which was the MAIN point you brought up.

Weird....is this you saying the fed govt should push this?

No I wasn't, strike two, I didn't support TARP nor do I support govt. bailout of any private business. Where would we be? With the right leadership out of this economic mess. Banks took TARP money that didn't want it. It is time for consequences for poor behavior not rewarding poor behavior.

 

[Conservative]

Re: Americans’ wages down during Obama’s term

Yep .. just look at Detroit: bankrupt.

Let the whining begin. Detroit hasn't had a Republican mayor since 1961. Cannot wait for the Union whining as all union contracts now have to be renegotiated including those plumb pension plans.

 

[Gimmesometruth]

Re: Americans’ wages down during Obama’s term

No he didn't, TARP was implemented in October 2008, just another blow to what little credibility you have

That was when it was signed into law, it's implementation (application, or execution of a plan) continues today.

No I wasn't, strike two, I didn't support TARP nor do I support govt. bailout of any private business.

Liar, multiple times on this forum you have stated that it was necessary.

Where would we be? With the right leadership out of this economic mess. Banks took TARP money that didn't want it. It is time for consequences for poor behavior not rewarding poor behavior.

Nuts, without these liberal bailouts we would have had a global meltdown making the 1932 collapse look like a blip.

 

[Conservative]

Re: Americans’ wages down during Obama’s term

Gimmesometruth;1062075288]That was when it was signed into law, it's implementation (application, or execution of a plan) continues today.

TARP is over, it was signed into law in October 2008 and Bush spent 350 billion of it through loans, most of which has been paid back and yet not used to reduce the Bush deficit in 2009. You simply cannot admit you are wrong on any issue

Liar, multiple times on this forum you have stated that it was necessary.

Then prove it. you are great at diverting, distorting. I said I understood why it was implemented but that I didn't support it. You don't understand the difference, typical liberalism. So either apologize or prove it

Nuts, without these liberal bailouts we would have had a global meltdown making the 1932 collapse look like a blip

.

Your opinion noted as is your poor credibility

 

[Sisyphus]

Re: Americans’ wages down during Obama’s term

TARP is over, it was signed into law in October 2008 and Bush spent 350 billion of it through loans, most of which has been paid back and yet not used to reduce the Bush deficit in 2009. You simply cannot admit you are wrong on any issue



Then prove it. you are great at diverting, distorting. I said I understood why it was implemented but that I didn't support it. You don't understand the difference, typical liberalism. So either apologize or prove it


.

Your opinion noted as is your poor credibility

Many loans remain outstanding.

 

[Fiddytree]

Re: Americans’ wages down during Obama’s term

I don't disagree - however, wages are skyrocketing in ND because the worker pool isn't meeting employment demand. That will not happen nationally because in addition to the 20 or so million unemployed who aren't skilled or trained to meet the economy's needs you also have millions more in low paying jobs who aren't qualified for anything better.

I do agree that many Obama policy moves have dampened further business demand for new employees, particularly full time employees. It's why I've said that Americans voted for continued stagnation when they reelected him last November.

Actually, we are in a flux at the moment. While cost of living increases in different pockets of the state, wage increases are only really isolated to strictly oil country, and only in certain jobs. We have government employees (especially teachers) that are feeling the pinch in the oil country. Most folks on that salary, who have lived there for decades, are getting pinched out by out-of-staters (who send a lot of money back home and don't want to live here) and the oil boom. On the edges of the boom area, wages haven't really increased at all, but cost of living has increased decently.

 

[Conservative]

Re: Americans’ wages down during Obama’s term

Many loans remain outstanding.

As of July 3, 2013

The TARP
$475B
Total Allocation

Disbursed
$418B


Returned
$365B

Revenue
$50.9B

http://projects.propublica.org/bailout/

 

[CanadaJohn]

Re: Americans’ wages down during Obama’s term

Actually, we are in a flux at the moment. While cost of living increases in different pockets of the state, wage increases are only really isolated to strictly oil country, and only in certain jobs. We have government employees (especially teachers) that are feeling the pinch in the oil country. Most folks on that salary, who have lived there for decades, are getting pinched out by out-of-staters and the oil boom. On the edges of the boom area, wages haven't really increased at all, but cost of living has increased decently.

Happens frequently when natural resources are discovered and start being developed in an area where none was before. As a government, the state needs to look at easing the cost of living, through tax reductions, etc. for the populace, taken from the windfall revenues generated by the new business activity and socking away reserves for when the good times eventually end, as they often do. The worst possible outcome is for government to start spending and committing to the new revenue levels without regard to the future and the populace now.