RobertN
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 10:55 AM)Owl 69/70/75 Wrote: (02-04-2012 09:35 AM)Mr. Peanut Wrote: (02-04-2012 09:18 AM)Owl 69/70/75 Wrote: (02-04-2012 09:01 AM)Mr. Peanut Wrote: (02-04-2012 08:43 AM)Ninerfan1 Wrote: But as Owl pointed out, it would be fairly difficult to attribute much, if any, of that number to anything Obama has done.
So we only issue blame to the president but never give him credit. Got it.
No, that's not what he's saying.
If the things he has done cause a good result, give him credit; if they cause a bad result, blame him. If there is no causal link between his actions and the results, he no blame or credit.
His point is that there is no causal link.
The "Rust Belt" has an expanding economy for the first time in years and I would wager the resurgent auto industry has more than a little to do with that. It seems to me you've "gotta give the devil his due" on this one. Not to mention (but I will) the Dow has doubled under his presidency
So? Are you saying Obama is the reason for the resurgent auto industry? I disagree.
I guess you are another of those who thinks that bankruptcy would have meant the liquidation of GM and Chrysler. The reason for any "resurgence" is that there were basically sound businesses underneath that had gotten themselves into commitments that no longer fit market realities, and the only way to unwind those commitments was to go through bankruptcy. They actually DID go through bankruptcy, a fact that seems to get conveniently omitted. The government had legitimate interests in protecting the pension funds and warranty agreements, but those could have been addressed in a variety of ways. The government involvement didn't save GM and Chrysler, it simply brought a windfall to the UAW at the expense of more rightful stakeholders.
As for the Dow, with as much money as the Fed pumped in, it had better go up a bunch. With interest rates so low, there's nowhere for money to go but to stocks. The Dow is a measure of the health of large multi-nationals, not of the economy as a whole. And large multi-nationals are prospering because of expansion in places like the BRICs, not the health of the economy at home.
Obama inherited a sick economy and is making it sicker.
Just stop it. Stop pretending you know what the hell you are talking about. You AREN'T/WEREN'T an economist. You are nothing but a damn fraud. Your "economic" ideas come from Faux Business News and they aren't your own. You are just getting rediculous with this crap.
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02-04-2012 11:13 AM |
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Mr. Peanut
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 10:55 AM)Owl 69/70/75 Wrote: Obama inherited a sick economy and is making it sicker.
Watch Fox News much or is it Hannity or Beck that you gleen information from?
(This post was last modified: 02-04-2012 11:15 AM by Mr. Peanut.)
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02-04-2012 11:15 AM |
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Owl 69/70/75
Just an old rugby coach
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 11:15 AM)Mr. Peanut Wrote: (02-04-2012 10:55 AM)Owl 69/70/75 Wrote: Obama inherited a sick economy and is making it sicker.
Watch Fox News much, or is it Hannity or Beck that you gleen information from?
Mostly the Economist, Financial Times, and BBC.
Can't stand Hannity, or Rush. Beck was okay when he was trying to be the furthest right person on CNN, but when he tried to be the furthest right person on Fox he lost the plot.
(This post was last modified: 02-04-2012 11:18 AM by Owl 69/70/75.)
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02-04-2012 11:16 AM |
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UConn-SMU
often wrong, never in doubt
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 10:35 AM)RobertN Wrote: (02-04-2012 10:22 AM)UConn-SMU Wrote: Can you imagine how well the economy would be doing if this administraton wasn't anti-business?
Maybe we should try the Hong Kong model ... minimize government and watch the economy boom. The Soviet model doesn't work so well.
I think the time you spent in Texass melted your brain.
Do you support an overbearing, out of control, and suffocating central government? If so, vote Democratic.
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02-04-2012 11:39 AM |
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BlazerFan11
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RE: Unemployment rate "drops" to 8.3%
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02-04-2012 01:01 PM |
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RobertN
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 01:01 PM)BlazerFan11 Wrote: (02-04-2012 10:22 AM)UConn-SMU Wrote: Can you imagine how well the economy would be doing if this administraton wasn't anti-business?
Maybe we should try the Hong Kong model ... minimize government and watch the economy boom. The Soviet model doesn't work so well.
Now why would we want to model our economy after Hong Kong (or Singapore, for that matter)? Those failed free-market policies have sent the unemployment to astronomical rates of 2% (Singapore) and 3.3% (Hong Kong).
http://www.tradingeconomics.com/singapor...yment-rate
http://www.tradingeconomics.com/hong-kon...yment-rate
Clearly, we need to continue the Democrats' efforts to become more like European nations.
http://www.guardian.co.uk/business/2012/...e#block-11
I suppose if we lowered our wages to match theirs, use child labor and get rid of pollution controls, then we could be just like them. Oh wait. THat is the Republican party platform.
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02-04-2012 01:58 PM |
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BlazerFan11
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 01:58 PM)RobertN Wrote: (02-04-2012 01:01 PM)BlazerFan11 Wrote: (02-04-2012 10:22 AM)UConn-SMU Wrote: Can you imagine how well the economy would be doing if this administraton wasn't anti-business?
Maybe we should try the Hong Kong model ... minimize government and watch the economy boom. The Soviet model doesn't work so well.
Now why would we want to model our economy after Hong Kong (or Singapore, for that matter)? Those failed free-market policies have sent the unemployment to astronomical rates of 2% (Singapore) and 3.3% (Hong Kong).
http://www.tradingeconomics.com/singapor...yment-rate
http://www.tradingeconomics.com/hong-kon...yment-rate
Clearly, we need to continue the Democrats' efforts to become more like European nations.
http://www.guardian.co.uk/business/2012/...e#block-11
I suppose if we lowered our wages to match theirs, use child labor and get rid of pollution controls, then we could be just like them. Oh wait. THat is the Republican party platform.
Please provide links backing up your claims here. Or are you just ignorantly talking out of your ass again?
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02-04-2012 02:16 PM |
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BlazerFan11
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RE: Unemployment rate "drops" to 8.3%
(This post was last modified: 02-04-2012 03:04 PM by BlazerFan11.)
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02-04-2012 02:24 PM |
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RobertN
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 02:16 PM)BlazerFan11 Wrote: (02-04-2012 01:58 PM)RobertN Wrote: (02-04-2012 01:01 PM)BlazerFan11 Wrote: (02-04-2012 10:22 AM)UConn-SMU Wrote: Can you imagine how well the economy would be doing if this administraton wasn't anti-business?
Maybe we should try the Hong Kong model ... minimize government and watch the economy boom. The Soviet model doesn't work so well.
Now why would we want to model our economy after Hong Kong (or Singapore, for that matter)? Those failed free-market policies have sent the unemployment to astronomical rates of 2% (Singapore) and 3.3% (Hong Kong).
http://www.tradingeconomics.com/singapor...yment-rate
http://www.tradingeconomics.com/hong-kon...yment-rate
Clearly, we need to continue the Democrats' efforts to become more like European nations.
http://www.guardian.co.uk/business/2012/...e#block-11
I suppose if we lowered our wages to match theirs, use child labor and get rid of pollution controls, then we could be just like them. Oh wait. THat is the Republican party platform.
Please provide links backing up your claims here. Or are you just ignorantly talking out of your ass again?
Just because you are too stupid to see it doesn't mean it isn't the Republican platform. THere are a number of rightwing politicians out there that are pushing for child labor in various stages. THe Republican party is attempting to get rid of the EPA. Getting rid of the minimum wage, their attack on education making it only for the elite. Google is your friend. Look these up.
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02-04-2012 02:32 PM |
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BlazerFan11
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RE: Unemployment rate "drops" to 8.3%
(02-04-2012 02:32 PM)RobertN Wrote: (02-04-2012 02:16 PM)BlazerFan11 Wrote: (02-04-2012 01:58 PM)RobertN Wrote: (02-04-2012 01:01 PM)BlazerFan11 Wrote: (02-04-2012 10:22 AM)UConn-SMU Wrote: Can you imagine how well the economy would be doing if this administraton wasn't anti-business?
Maybe we should try the Hong Kong model ... minimize government and watch the economy boom. The Soviet model doesn't work so well.
Now why would we want to model our economy after Hong Kong (or Singapore, for that matter)? Those failed free-market policies have sent the unemployment to astronomical rates of 2% (Singapore) and 3.3% (Hong Kong).
http://www.tradingeconomics.com/singapor...yment-rate
http://www.tradingeconomics.com/hong-kon...yment-rate
Clearly, we need to continue the Democrats' efforts to become more like European nations.
http://www.guardian.co.uk/business/2012/...e#block-11
I suppose if we lowered our wages to match theirs, use child labor and get rid of pollution controls, then we could be just like them. Oh wait. THat is the Republican party platform.
Please provide links backing up your claims here. Or are you just ignorantly talking out of your ass again?
Just because you are too stupid to see it doesn't mean it isn't the Republican platform. THere are a number of rightwing politicians out there that are pushing for child labor in various stages. THe Republican party is attempting to get rid of the EPA. Getting rid of the minimum wage, their attack on education making it only for the elite. Google is your friend. Look these up.
I meant regarding Hong Kong and Singapore, idiot.
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02-04-2012 02:46 PM |
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