Thread: Gallup: Unemployment drops down to 8.1%, lowest level yet.

Originally Posted by creation

When Fed policy changed, so did the economy and unemployment. Is that what youd call proof?

Lemme guess, still not enough...

The fact that the response happened to a .25 % rate change, is the issue.
Need any more proof ?
Lemme guess, still not enough .........

Originally Posted by Iriemon

Read the thread.

Already did. You provided zero proof that the economy would have entered into a death spiral had it not been for government intervention.

Originally Posted by Iriemon

I disagree.

Of course you do. It's what I would expect from supporters of the Pass the Buck mindset.

Originally Posted by Iriemon

Semantics.

Government action can't stimulate economic activity without spending money. Only government inaction can stimulate the economy without spending money.

Originally Posted by Iriemon

I didn't imply it could.

Government transferring wealth takes money from the private sector to preserve jobs now, which would have been used to create jobs in the future. There is no net gain in jobs over time due to government spending, and you are incapable of proving otherwise.

Unless you are implying that government can create wealth out of nothing, which appears to be what you are doing.

Originally Posted by Iriemon

What post are you referring to?

Post #357, where you baselessly claimed "Damage would be permanent".

Originally Posted by Frowning Loser

Your simplisitic logic has nothing to do with the truth.

The problem is that it wasn't a recession.

Actually, it was a recession. And its a grasp on reality, not simplisitic logic.

Originally Posted by Iriemon

Obama took office in 1Q2009, not 2d Q. The economy was still contracting in 2Q2009. But it was contracting less, evidencing that the death spiral had been broken. June 2009 was about 6-7 months after Tarp and 4 months after the Stimulus was passed.

4 months after the stimulus was passed, long before it was implemented.

Originally Posted by DA60

So this is your 'factual proof' that 'A recession deliberately created to tame the economy'

Noted.

I think you need to look up what the word 'deliberate' means.

Let me help:

de·lib·er·ate
adj.
1. Done with or marked by full consciousness of the nature and effects; intentional:

http://www.thefreedictionary.com/deliberate


You are actually saying that the leaders of the United States after WW1, got together and decided...'you know what, let's deliberately put America into a sever recession/depression'?

That is ridiculous in the extremis.

What POTUS or Fed Chairman in his right mind would EVER want to deliberately create a severe recession/depression?

No offense, but that logic of yours is nuts.


So unless you have proof of some document or speech written/given buy the President at the time...there is NO WAY I am believing you.

Or would any one else who is reasonable, I suspect.

Why on earth would any President even if it they wanted to announce any such intention?

More to the point why would a fed raise rates repeatedly and not expect a brief crash?

In the end deliberate or not, the recession you mention bears no liking what so ever to either 1929 or 2008 does it?

Perhaps you could explain why youre correct and perhaps answer Iriemon's does not deserve a respectful ans detailed answer. Youve not been insulted or flamed have you? No, so lets have a calm discussion.

Cheers

Creation

Originally Posted by squidward

The fact that the response happened to a .25 % rate change, is the issue.
Need any more proof ?
Lemme guess, still not enough .........

Well the overall rate increase since the war was more than that and its was raised to the highest levels not seen again til the 70s. And then it was lowered again, with a concurrent V shaped change in the economy.

Im not sure what the problem here is, its pretty plain this temporary recessoin was mostly caused and aided by monetary policy.

Originally Posted by creation

Why on earth would any President even if it they wanted to announce any such intention?

More to the point why would a fed raise rates repeatedly and not expect a brief crash?

In the end deliberate or not, the recession you mention bears no liking what so ever to either 1929 or 2008 does it?

Perhaps you could explain why youre correct and perhaps answer Iriemon's does not deserve a respectful ans detailed answer. Youve not been insulted or flamed have you? No, so lets have a calm discussion.

Cheers

Creation

So...you admit you cannot prove the 190/21 Depression was deliberately started.

Thank you.

Originally Posted by Dr. Righteous

Already did. You provided zero proof that the economy would have entered into a death spiral had it not been for government intervention.

I disagree. I have provided lots of evidence.

Of course you do. It's what I would expect from supporters of the Pass the Buck mindset.

How does it make me that?

Government action can't stimulate economic activity without spending money. Only government inaction can stimulate the economy without spending money.

There is an argument that a tax cut focused on lower income earners would provide some stimulus. Government inaction doesn't stimulate anything.

Government transferring wealth takes money from the private sector to preserve jobs now, which would have been used to create jobs in the future. There is no net gain in jobs over time due to government spending, and you are incapable of proving otherwise.

when the economy is in a recessionary spiral you need to preserve jobs now.

Unless you are implying that government can create wealth out of nothing, which appears to be what you are doing.

I didn't imply that either.

Post #357, where you baselessly claimed "Damage would be permanent".

OK.

Originally Posted by dixon76710

4 months after the stimulus was passed, long before it was implemented.

1) Some of the effects went into place within 4 months.

2) The psychological aspect would have had an effect, though it was muted by right wing propaganda media and its acolytes who attempted to undermine economic improvement for political purposes.

Originally Posted by Iriemon

1) Some of the effects went into place within 4 months.

2) The psychological aspect would have had an effect, though it was muted by right wing propaganda media and its acolytes who attempted to undermine economic improvement for political purposes.

Nope, recessions recover all by themselves. They are corrections. Once the corrections have been made, the economy recovers by itself.