Had you been around here in early 2009, you would have witnessed my criticism of the ARRA. Had you been here in 2011, you would have witnessed my criticism of the ACA for not including a public option, and heavy deregulation of the insurance industry (as a means of creating public/private competition ala UPS and the Post Office).
Because i support deficit spending with high unemployment and expansionary/nonconventional monetary policy does not equate to me having a man-crush on Obama.
Good evening, AP. :2wave:
A lot of people are beginning to question why our infrastructure is being ignored when we apparently have money to send to other countries to repair theirs. Wouldn't our tax dollars be better spent at home? Good question, IMO! :thumbs:
people are being replaced with machines whenever and wherever they can be. perhaps people should stop training to work for GM and big manufacturing and start training to be self-employed entrepreneurs.
The dollars never leave. Ever!
Current economic issues directly tied to the sub-prime mortgage collapse should, by now be isolated to the real-estate market, unless you legitimately think Businesses and investors are sitting on their capital right now because the housing market sits in a sea of debt.
Gawd, I never said they did but the productivity occurred elsewhere...
No, it means that we send dollars to other countries rather than deploying the resources domestically....
It is a matter of demand, which is a function of real disposable income. On a per capita basis, we are finally approaching pre-recession levels.
Nonsense! You just did:
The productivity occurred elsewhere. Is this concept so difficult to understand?
How does one acquire disposable income?
Do you think that's where a lot of the unemployment comes from?
I've heard that argument before, but unemployment was only a little over 4% in 2008, not that long ago.
Who creates machines? Who creates the software that allows machines to operate so efficiently?
Now you want to retract your statement?
The extraction occurred elsewhere because the U.S. cannot produce the energy necessary to meet demand. It is called mutually beneficial gains from trade. Low-brow econ 101.
Self-employment may be a bit of a stretch, but there are jobs that can be created without a lot of "investment" by the government that can generate revenue for the government...
Asians. :2wave:
I'm curious, are you really proposing that job creation was indeed stagnant under Carter?
The term "stagflation" -- an economic condition of both continuing inflation and stagnant business activity, together with an increasing unemployment rate -- described the new economic malaise. Inflation seemed to feed on itself. People began to expect continuous increases in the price of goods, so they bought more. This increased demand pushed up prices, leading to demands for higher wages, which pushed prices higher still in a continuing upward spiral. Labor contracts increasingly came to include automatic cost-of-living clauses, and the government began to peg some payments, such as those for Social Security, to the Consumer Price Index, the best-known gauge of inflation. While these practices helped workers and retirees cope with inflation, they perpetuated inflation. The government's ever-rising need for funds swelled the budget deficit and led to greater government borrowing, which in turn pushed up interest rates and increased costs for businesses and consumers even further. With energy costs and interest rates high, business investment languished and unemployment rose to uncomfortable levels.
In desperation, President Jimmy Carter (1977-1981) tried to combat economic weakness and unemployment by increasing government spending, and he established voluntary wage and price guidelines to control inflation. Both were largely unsuccessful. A perhaps more successful but less dramatic attack on inflation involved the "deregulation" of numerous industries, including airlines, trucking, and railroads. These industries had been tightly regulated, with government controlling routes and fares. Support for deregulation continued beyond the Carter administration. In the 1980s, the government relaxed controls on bank interest rates and long-distance telephone service, and in the 1990s it moved to ease regulation of local telephone service.
Stagflation in the 1970s
One does not "acquire" disposable income. It is the portion of ones gross income that can be allocated towards consumption or savings. Perhaps you meant, "how does disposable income grow"?
I don't want to retract anything. We have more energy resources in this country than anywhere else on earth between oil and NG, not to mention what we could do with nuclear for electricity. Do you not want to take advantage of that to employ people in this country?
I think it where the zero interest money is heading. Jobs in the past have been lost overseas, but the reason we are having a jobless recovery is due to investments in technology from what what I have heard a few guests on less partisan shows say.
Perhaps but if you instill a self-reliance mentality in people they will be better decision makers even if they do not end up self-employed IMHO. We are producing cattle.
The luddite fallacy continues!!!!
No, I meant what I asked. All income is allocated either to consumption or savings...
the usual bad news when it comes to jobs.
the labor force participation rate continues to fall. down to 63.3% from 63.5% in feb.
I think most of it has to do with the government supplementing income for folks who don't want to work.
I think most of it has to do with the government supplementing income for folks who don't want to work.
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