U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 05-04-2013, 12:34 PM
 
Location: Palo Alto
12,172 posts, read 7,018,174 times
Reputation: 4174

Advertisements

Quote:
Originally Posted by MTAtech View Post
No, it wasn't. That's ridiculous.

The Inflation Calculator


$800 billion x .06 = $48 billion

U.S. cost of WWII: U.S -- $341 billion in 1945
$800 billion? Between the initial stimulus and Quantitative easing we have pumped or will pump $4 trillion. That ignores cost of money.

The massive increase increase in UE benefits, food stamps and similar are all funded on debt.

You are bad with numbers.

Last edited by TrapperJohn; 05-04-2013 at 01:01 PM..
Reply With Quote Quick reply to this message

 
Old 05-04-2013, 12:34 PM
 
Location: Barrington
45,595 posts, read 33,860,209 times
Reputation: 15166
Quote:
Originally Posted by X14Freak View Post

You and the OP are correct. The economy will never really return to its original state and high unemployment is going to stay the new normal for a while. Neither the left nor the right can really repair this. Getting rid of onerous regulations won't bring back jobs since operating overseas will stay cheaper than operating in the USA for quite some time due to massive differences in standard of living. Americans are going to have to take near slave wages for the outsourced jobs to return.

There also has to be a paradigm shift in the current model for any kind of change to occur. The thing is it is too politically and economically risky for anyone to undertake and unfortunately no one in the upper class want any kind of change since it may impact them negatively. There also has to be a new driver in the economy for the economy to return to its original state. Unfortunately there are no new technologies coming up in the forefront that will lead to the massive economic growth during the Industrial Revolution and the Information Revolution of the 80s-90s. I also love how the media is pushing social networking as being this new technology that will create more jobs. The thing is it hasn't really created new jobs or wealth and has more or less just shifted wealth around.
What is the original state of this economy you refer to?
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:35 PM
 
160 posts, read 109,404 times
Reputation: 37
Quote:
Originally Posted by HappyTexan View Post
So the US has been #3 since 2010.

Some people cling to "static" beliefs and don't realize changes have occurred.

Some of these FACTS that are no longer true:

The US is the #1 manufacturer. Not since 2009 it seems.
Full SS benefits occur at 65. No..66 is now the age.
Seniors on SS get back more than they paid in. No, those applying for SS today will get less than they contributed over their working careers.

And those that compare UE numbers pre-1994 to the present numbers and say we're doing better.
In 1994 long term unemployed were dropped from the U-3 numbers.

Most people do not pay attention on changes occurring right now (like brand new GDP calculation method no country in the world has used so far), and you want them to remember something had changed in 1994.
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:38 PM
 
Location: Barrington
45,595 posts, read 33,860,209 times
Reputation: 15166
Quote:
Originally Posted by TrapperJohn View Post
$800 billion? Between the initial stimulus and Quantitative easing we have pumped or will pump $4 trillion.

The massive increase increase in UE benefits, food stamps and similar are all funded on debt.

You are bad with numbers.
Chump change compared to Medicare and Defense spending.

Am I the only one surprised that no one seemed eager to begin dialing back on UE?
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:38 PM
 
5,368 posts, read 5,128,893 times
Reputation: 3308
I was drunk when I made this post last night. I totally forgot I wrote it. lol.
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:39 PM
 
1,967 posts, read 1,576,546 times
Reputation: 844
Quote:
Originally Posted by HappyTexan View Post
Are you counting SS equal to TANF ?
Sure seniors are dependent on government because government took their money for 30+ years and said they would give it back to them when they retired.
While true, they also had substantially better paying middle class jobs, an excellent economy, and lower cost of living. If any generation should have their retirement funds in order it should be the boomers.
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:43 PM
 
160 posts, read 109,404 times
Reputation: 37
Quote:
Originally Posted by X14Freak View Post
You and the OP are correct. The economy will never really return to its original state and high unemployment is going to stay the new normal for a while. Neither the left nor the right can really repair this. Getting rid of onerous regulations won't bring back jobs since operating overseas will stay cheaper than operating in the USA for quite some time due to massive differences in standard of living. Americans are going to have to take near slave wages for the outsourced jobs to return.

There also has to be a paradigm shift in the current model for any kind of change to occur. The thing is it is too politically and economically risky for anyone to undertake and unfortunately no one in the upper class want any kind of change since it may impact them negatively. There also has to be a new driver in the economy for the economy to return to its original state. Unfortunately there are no new technologies coming up in the forefront that will lead to the massive economic growth during the Industrial Revolution and the Information Revolution of the 80s-90s. I also love how the media is pushing social networking as being this new technology that will create more jobs. The thing is it hasn't really created new jobs or wealth and has more or less just shifted wealth around.
Another problem is the new Revolution may appear not in the US, so not necessarily US will benefit from it.
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:43 PM
 
Location: Barrington
45,595 posts, read 33,860,209 times
Reputation: 15166
Quote:
Originally Posted by cleanbrain View Post

Hehe, Big Lobby does not sleep.
It's a revolving door between both chambers and lobbyists.

Revolving Door Summary: Former Members | OpenSecrets
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:46 PM
 
Location: Annandale, VA
5,098 posts, read 4,296,981 times
Reputation: 4204
Quote:
Originally Posted by InsaneTraveler View Post
Lets be honest folks.

The economy will never be what it used to be prior to the recession. Things have changed. The entire economy has been restructured so that less workers are needed.

Every month we wait for a job report that is just going to release mediocre news. In April, there was good hiring, yes, but it was almost ALL part time work. And the U6 unemployment rate even increased last month!

Lets face it folks. This is the new normal. I want someone to say that isn't the case in this thread and provide evidence to their claim.

I voted for Obama twice! I do NOT regret my vote. There were huge political battles going on that I knew needed to be won. I WANTED Obamacare to survive. And It did. Me, and voters like me succeeded.

But in this term, I am less optimistic about what will happen under obama's second term. I think the unemployment stats will stay roughly where they are at. They won't change. I am thinking the statis quo is what to expect from here on out for the next four years.

Obamacare did NOT survive. It was passed under reconciliation. It becomes null and void in less than 10 years because the funding is not permanent.
Reply With Quote Quick reply to this message
 
Old 05-04-2013, 12:53 PM
 
Location: Allendale MI
2,532 posts, read 1,888,207 times
Reputation: 698
If Americans don't evolve with technology they will be left behind. The way the U.S. doesn't things is out dated, especially its schools.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 11:24 PM.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top