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About LinkBackshigher tax rate at equivalent purchasing power equals loss of wealth genius.Originally Posted by Iriemon
Guru
higher tax rate at equivalent purchasing power equals loss of wealth genius.
What the two parties fight over is not alternative political visions and different legislative agendas, but which party gets to be the whore for Wall Street, the military-security complex, Israel Lobby, agribusiness, and energy, mining, and timber interests. - Paul Craig Roberts
What about the 4.4 fewer than when Bush and the Republicans controlled things? See those weren't new jobs created, just half of the old ones coming back.
""The power to do good is also the power to do harm."
Milton Friedman
."
And I'll refute it once again:
Your statement: "the downward spiral ended as Obama came into office and long before his stimulus was passed."
Quarter - Real GDP
2008q4 -9.2%
2009q1 -6.8% <- Obama takes office, passes Stimulus.
2009q2 -0.7%
Source: BEA.gov.
The date proves the economy continued to spiral downward as Obama took office, and into the second quarter which ended June 30, 2009, 5 months after he took office, 4 months after the Stimulus was passed, and 7-8 months after Tarp.
Feel free to throw away.Yes that is your problem they are and can be thrown right back at you.
Where did I say that?So you don't agree with the arguments you post?
Why would you say that?Me>> how do you make that leap in logic
So all we have in this country now are low earners who do not pay taxes.....................I thing your convoluted arguments have confused yourself.
Obama of course inhereted an economic disaster as opposed to a slowdown.Because even if you start from is day one, including the recession he inherited up to the Democrat take over, it is lower than Obama's 359,000. Then of course the 52 months of full employment.
Obama has averaged 426,000 and his numbers are now tracking back up.
But in conservative land, the first year only counts when a Democrat is in office.
Guru
Number of jobs created doesn't matter. The only thing that matters is number of jobs created per capita. So your claim about jobs is absolutely meaningless.
Last edited by Dr. Righteous; Apr 27 2012 at 11:55 AM.
Guru
The rich don't pay taxes anyway because there are many loopholes in the taxcode.
The poor don't pay taxes anyway because of the progressive income tax.
The only class that pays taxes is the middle class.
The government will never raise real taxes on the wealthy. The bourgeoise class that Obama and the Liberal Elite faithfully serve will simply not allow it to happen. You are living in a fantasy world where government is not corrupt if you believe it to be possible.
What you're really saying ought to happen is the middle class should be paying more taxes. I disagree that kicking the middle class while they're down is an effective way to stimulate the economy.
Last edited by Dr. Righteous; Apr 27 2012 at 11:57 AM.
Once again you dishonestly shift the subject which is unemployment NOT GDP. You are so predictable, when one stat defeats your argument try to shift to another. And yes his policies have kept GDP and economic growth from recovering.
Routinely.Feel free to throw away.
Dodges noted.Where did I say that?
Why would you say that?
No more than other Presidents, and he has totally failed and in fact kept us from a full recovery. Average GDP over the last 6 quarters under 2%. Real unemployment near 10%, New claims going back up.Obama of course inhereted an economic disaster as opposed to a slowdown.
In liberal land Bush is responsible for the year before he was elected.But in conservative land, the first year only counts when a Democrat is in office.
I have been clear from the get-go, more so than you. Obama inherited a recession. It's what he did that matters, and what he did was a total failure.
""The power to do good is also the power to do harm."
Milton Friedman
."
Guru
How curious. Both your own chart on US gdp per capita and mine here of real us gdp;
http://www2.warwick.ac.uk/fac/soc/ec...y_fishback.pdf
Show that US gdp returned to previous levels in a few years after 1933.
Last edited by creation; Apr 28 2012 at 06:53 AM.
"but it is nevertheless true that it is value of the improvement only, and not the earth itself, that is individual property. Every proprietor, therefore, of cultivated land owes to the community a ground-rent, for I know no better term to express the idea by, for the land which he holds." -- Thomas Paine, Agrarian Justice
Guru
Um no theres been no shifting. You brought up both unemployment and gdp;
Thats an accurate quote from a few pages ago. If you dont want to talk gdp you shouldnt mention it.Yes the 10% were are currently at if you add in the people who have given up looking and yes the climbing new unemployment claims, and GDP slowing to below expectations. So that is what you have been praying for?
Yeah keep trying to sugarcoat it, no one is buying it.
"but it is nevertheless true that it is value of the improvement only, and not the earth itself, that is individual property. Every proprietor, therefore, of cultivated land owes to the community a ground-rent, for I know no better term to express the idea by, for the land which he holds." -- Thomas Paine, Agrarian Justice
Former Mod
Thread Closure Notification
While I'm sure that the subject of unemployment remains of interest to us all this thread has exceeded the 500 post limit and is being closed. Perhaps the next unemployment statistics would be appropriate to start a new thread on the topic.
Shiva_TD
Site Moderator
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