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Another terrible jobs number

Discussion in 'BBS Hangout: Debate & Discussion' started by bigtexxx, Sep 7, 2012.

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  1. Exiled

    Exiled Member

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    Very true. Most noticeably Reagan's tax policy in combination wth Clinton FDI policy and the best you can wish for is this

    https://thejobgap.org/job-gap-2015-low-wage-nation/2015-low-wage-nation-national-findings/
     
  2. Dairy Ashford

    Dairy Ashford Member

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    Not for the incremental quarterly swings that we over-report since the advent of CNBC and online brokerage, but you can definitely link executive choices all the way back to TR to economic activity.
     
  3. Sweet Lou 4 2

    Sweet Lou 4 2 Member

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    Actually it was QE that did it, interest rates were already near 0.
     
  4. GladiatoRowdy

    GladiatoRowdy Member

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    You're projecting again, this is the advice you should be taking.

    Particularly in realizing that now that the baby boomers have begun retiring, that rate will continue to drop for the next decade or two regardless of what party happens to occupy the White House.

    Which stagnated in the mid-1970s, having very little to do with Obama, particularly since the GOP controlled Congress refused to do anything that might help as their number one priority was making Obama a one-term president.

    You mean like unemployment rate?

    Obama doesn't have any influence on Fed actions?
     
  5. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    Please bigtexxx tell us how the republicans want to impact wage growth!

    Tell me how republicans are working to help low and middle class workers get paid more!!!
     
  6. bigtexxx

    bigtexxx Member

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    For starters, tax reform. The corporate tax rate in America is one of the highest, if not the highest, in the world. This is causing companies to "invert" and relocate outside the US. Reducing the corporate tax rate will be a powerful stimulus to ignite growth in America, which will lead to wage growth.
     
  7. bigtexxx

    bigtexxx Member

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    BWAAAHAHA!

    You think Obama runs the Fed?

    Go back to school and educate yourself, son. Not worth my time to educate you.
     
  8. Air Langhi

    Air Langhi Contributing Member

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    Ireland has a great corporate tax rate. A lot of companies relocate there. They must have a super low employment rate and wage growth rate as well?
     
  9. bigtexxx

    bigtexxx Member

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    I feel like I'm having a discussion with a Kindergarten student.

    The US has so many more advantages than Ireland, that is clear. Improving our corporate tax rate will help stimulate growth. This is a very simple concept that you cannot grasp.
     
  10. Dubious

    Dubious Member

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    Leading the world in alternative energy solutions would effect the trade deficit and job growth. Carbon companies might quit resisting at this point.
     
  11. Air Langhi

    Air Langhi Contributing Member

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    No you just can't give any stats to back up your assertion. That is because you can't as usual. How did you even get into Rice. Is it because you are a Mexican?
     
  12. bigtexxx

    bigtexxx Member

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    Take your racial comments elsewhere - there's no place for them. I will not respond to your garbage trolling.

    Hint: research the US corporate tax rate and corporate inversions. Educate yourself, come back informed, and then if I'm feeling generous I'll engage you in a discussion. Until then, no.
     
  13. Northside Storm

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    lol, I just want to remind everybody how useless it is to argue macroeconomics with texxx.

    http://bbs.clutchfans.net/showthread.php?t=156438&highlight=obama+stock+market&page=2

    [​IMG]

    Is the stock market now pricing in his exit?

    arguing with texxx about "Obamanomics" is arguing with somebody who slips goalposts like some people drink water, and somebody who will look for any reason to assuage blame to the president for macroeconomic conditions.

    his rebuttal will be "Fed near-zero interest rate policy!" as always--in which case I'll point out that his rebuttal undoes his own argument that the president is largely responsible for macroeconomic effects one way or another.

    Trying to isolate macroeconomic trends to an individual without actually isolating for different effects is the hallmark of terrible economic thinking, which really defines this thread.
     
    1 person likes this.
  14. bigtexxx

    bigtexxx Member

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    ^^

    Neither accurate nor compelling logic, NS.
     
  15. GladiatoRowdy

    GladiatoRowdy Member

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    I didn't say any such thing, go back and read for comprehension, try to do so without the pervasive bias which colors your worldview.

    I'm far more educated than you are and I'm actively pursuing more education, b!tch.

    You don't have the capacity to educate me.
     
  16. GladiatoRowdy

    GladiatoRowdy Member

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    There is no evidence that there is any link between tax rates and GDP growth, none whatsoever.
     
  17. Northside Storm

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    So, just about par for this thread?

    ;)

    Have fun in here, but try not to make it seem like you're advancing actual economic arguments.
     
  18. bigtexxx

    bigtexxx Member

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    So you think corporate inversions are a positive for the US economy and jobs growth?

    **sitting on edge of chair for your answer**
     
  19. bigtexxx

    bigtexxx Member

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    You lie!

    You suggested Obama has influence on Fed actions!
     
  20. Northside Storm

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    If your theory is that reducing taxes for American corporations leads to more jobs and increased wage growth for American workers, then how would pursuing corporate inversions/lower taxes and keeping operations in America not increase jobs and wage growth as well?

    :confused:
     

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