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Old 02-01-2013, 07:09 AM
 
Location: Fort Worth Texas
12,482 posts, read 8,848,247 times
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I thought taxing the rich was suppose to help the economy
Unemployment rate ticks up slightly; modest number of jobs created - Economy Watch on NBCNews.com
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Old 02-01-2013, 07:10 AM
 
Location: Palo Alto
12,172 posts, read 7,052,851 times
Reputation: 4175
I thought the trillions in stimulus was supposed to, also.
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Old 02-01-2013, 07:13 AM
 
29,791 posts, read 16,476,970 times
Reputation: 13848
As was Quantitive Easing
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Old 02-01-2013, 07:14 AM
 
34,364 posts, read 18,624,302 times
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Amazing, a few months ago about 100,000 jobs were only made and the UE rate dropped .2%....now 150,000+ jobs were made and the UE rate goes up?
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Old 02-01-2013, 07:15 AM
 
29,791 posts, read 16,476,970 times
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Maybe Paul Krugman will chirp in...
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Old 02-01-2013, 07:17 AM
 
3,008 posts, read 4,332,789 times
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First, stimulus packages historically have been in multiple stages throughout a recession so there was always more than one. The first package stops the bleeding while the second and subsequent ones spur economic growth. This last recession we only had 1 stimulus package which only stopped the bleeding, in which it did. We did not add another or 2 to actually stimulate growth which is what should have been done.

Second, I will not lay claim that nor can anyone really how they calculate unemployment. To say the very least it's a highly flawed calculation. It's the beginning of the year so hiring always picks back up (now whether or not companies can find qualified people is a different story). We just ended the holiday season and of course last quarter is usually a hiring freeze by companies historically so you have seasonal down and no hiring esp. during the last month of the year and early into the new year. The construction season for the most part is on hiatus until March or so when the weather gets nicer in the MW and EC and construction workers who are now filing for UE will be back on the job shortly hopefully.
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Old 02-01-2013, 07:19 AM
 
Location: The Brat Stop
8,353 posts, read 5,998,817 times
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Quote:
Originally Posted by wjtwet View Post
I thought giving the rich tax breaks for 12 years was supposed to create jobs. Oh well, looks like we're both wrong.

Quote:
Originally Posted by Frank DeForrest View Post
Maybe Paul Krugman will chirp in...
Oh liquidity!
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Old 02-01-2013, 07:20 AM
 
34,364 posts, read 18,624,302 times
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Quote:
Originally Posted by msamhunter View Post
First, stimulus packages historically have been in multiple stages throughout a recession so there was always more than one. The first package stops the bleeding while the second and subsequent ones spur economic growth. This last recession we only had 1 stimulus package which only stopped the bleeding, in which it did. We did not add another or 2 to actually stimulate growth which is what should have been done.

Second, I will not lay claim that nor can anyone really how they calculate unemployment. To say the very least it's a highly flawed calculation. It's the beginning of the year so hiring always picks back up (now whether or not companies can find qualified people is a different story). We just ended the holiday season and of course last quarter is usually a hiring freeze by companies historically so you have seasonal down and no hiring esp. during the last month of the year and early into the new year. The construction season for the most part is on hiatus until March or so when the weather gets nicer in the MW and EC and construction workers who are now filing for UE will be back on the job shortly hopefully.
What is QE2 Stimulus?
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Old 02-01-2013, 07:21 AM
 
13,180 posts, read 13,094,145 times
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Quote:
Originally Posted by TrapperJohn View Post
I thought the trillions in stimulus was supposed to, also.
It did. Only and idiot would think otherwise.

FactCheck.org : Did the Stimulus Create Jobs?
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Old 02-01-2013, 07:22 AM
 
34,364 posts, read 18,624,302 times
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Quote:
Originally Posted by NoJiveMan View Post
I thought giving the rich tax breaks for 12 years was supposed to create jobs. Oh well, looks like we're both wrong.


Oh liquidity!
Looks like it worked pretty good, what obamas problem?

Bureau of Labor Statistics Data

Don't let fact and actual UE numbers get in your way....
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