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Old 10-07-2011, 09:01 PM
 
Location: Chandler, AZ
5,798 posts, read 5,264,338 times
Reputation: 3108

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That's still a pathetic chart, which is what you'd expect from someone as illiterate about the relationship between taxes, federal tax revenues, and job growth as the Obaminable one is, while he continues to cripple the economy from his dictatorial throne as CEO of the 'Free Lunch Party', as well as his band of job-killers at the Employment Prevention Agency.

Obama's refusal to cut taxes and place an iron-clad moratorium on regulations is proof positive of his stupidity; the recovery under Reagan faced substantially more turbulence, starting with an 11.0% prime rate 2.5 years after he was sworn in, as opposed to 3.25% today, yet the economy eventually boomed under his watch.

Does anyone expect a boom under this moron?

That represent an even greater indictment of Obama's ignorance, as well as that of his crumbling team of economic advisors, several of whom have bailed en masse to return to their respective towers of ignorance at (insert your liberal university here).
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Old 10-08-2011, 02:20 AM
 
457 posts, read 632,407 times
Reputation: 482
Quote:
Originally Posted by Marv101 View Post
That's still a pathetic chart, which is what you'd expect from someone as illiterate about the relationship between taxes, federal tax revenues, and job growth as the Obaminable one is, while he continues to cripple the economy from his dictatorial throne as CEO of the 'Free Lunch Party', as well as his band of job-killers at the Employment Prevention Agency.

Obama's refusal to cut taxes and place an iron-clad moratorium on regulations is proof positive of his stupidity; the recovery under Reagan faced substantially more turbulence, starting with an 11.0% prime rate 2.5 years after he was sworn in, as opposed to 3.25% today, yet the economy eventually boomed under his watch.

Does anyone expect a boom under this moron?

That represent an even greater indictment of Obama's ignorance, as well as that of his crumbling team of economic advisors, several of whom have bailed en masse to return to their respective towers of ignorance at (insert your liberal university here).
Ha Ha..your repeated use of words like "moron", "ignorance", "dictatorial" basically makes your post insanely laughable and good demonstration of the pathetic education system in America. And this in response to a guy who posted a chart showing that the economy was shedding 750,000 jobs a month during the last months of the Bush years. You do understand CDS right? The volume of CDS deals are valued at $64trillion. During the heart of recession, the whole CDS market was about to collapse, creating a vacuum of GDP gap that couldn't have been filled. That we came out of that recession so fast, and turnaround the jobs growth is nothing short of a miracle. The growth has been slow, I agree, but the FY 2011 slow growth is entirely due to externalities - the Euro economy, especially Greece and Ireland with sovereign debt failures and the oil price shock due to demand from Asian economies. American companies have big exposure to EU markets, and a slow economic growth here will easily shave off a couple percentage points of the GDP resulting in slower job growth.

You need to also understand that recovery from any future recession in the US would be a difficult and arduous task and this is simply because of the changing nature of the labor market. Over the last two decades over 2bn people have been integrated into the global labor pool due technology innovations. Labor arbitrage has therefore become the easiest tool for companies to shore up their balance sheet and deliver "value". Since not everyone in the US economy cannot deliver proportionate value commensurate with their compensation in the global labor pool, unemployment will remain high in the US for very long.
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