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My friend please cut and paste the section that says the economy has a net gain of 4000 jobs. It doesn't exist. Step away from the computer and go to bed.
Sure it does. It's in the January revision of the November numbers:
"The change in total nonfarm payroll employment for October was revised from
-111,000 to -127,000, and the change for November was revised from -11,000 to +4,000."
And do tell us, what were the tax rates in 2007, 2008, and 2009? Answer: they were/are the lowest in generations. Long term cap gains = 15%. Top marginal tax bracket = 35%. Tax cuts? We're already there, my friend. And yet these low tax rates did nothing to prevent this severe recession from happening. So this is actually an experiment happening in real time, and we now have the results: low tax rates do not prevent recessions. If they did, we'd never be in this mess in the first place.
No what got us in this mess in the first place was a credit bubble. Cheap money given freely.
Actually top marginal rates were lower in the 80's.
Sure it does. It's in the January revision of the November numbers:
"The change in total nonfarm payroll employment for October was revised from -111,000 to -127,000, and the change for November was revised from -11,000 to +4,000."
My friend please cut and paste the section that says the economy has a net gain of 4000 jobs. It doesn't exist. Step away from the computer and go to bed.
"Earlier, the Labor Department reported the U.S. lost 85,000 net jobs in December even as the unemployment rate held at 10 percent. The rate would have been higher if more people had been looking for work instead of leaving the labor force because they can't find jobs."
Please fight with the Labor Department if you don't like it. Sheesh admit you are wrong already.
Hopefully you can understand this. I typed really slowly.
"Many analysts had hoped Friday's report would show the economy gained jobs for the first time in two years. While the revised figures found an increase in November, it was tiny.
"One word sums it up: Disappointment," said Jonathan Basile, an economist at Credit Suisse."
The change in total nonfarm payroll employment for October was revised from
-111,000 to -127,000, and the change for November was revised from -11,000 to
+4,000.
Now stop lying and post the homework I gave you early graphing the unemployment trends over the last 2 years.
What tax breaks are you talking about? There have been no business tax breaks, they create jobs.
Temporary jobs are useless by definition because they go away. Would you count on a holiday job to get a mortgage?
I can't find the link right now, but CNN had a pie chart just the other day with about $250 billion of the stimulus going to tax cuts. It was by far the biggest chunk of spending.
So, what jobs would you suggest get created when businesses are contracting and laying people off? Your tax break solution is a proven non-starter in the short-term of a crisis. Companies just store the money to ride out the storm, just like they tried to do with bailouts. It's not a solution. You'll have to come up with something better.
I think what you don't understand is that many of us are strong supporters of the free market, but we don't let our ideology get in the way of drastic actions in a crisis.
How much of that increase can be attributed to government "stimulus" via subsidies to buy new homes, and automobiles?
Just curious...
According to the BEA, it was a result of a 2% increase in personal consumption which includes a 4% increase in purchase of non-durable goods (typical of the holiday season). There was also a considerable spike in private investment, primarily in computer and software purchases by businesses. We are running a small trade surplus of 8.1%. Non-defense spending was up, but overall government spending was actually a negative figure.
In any case, as the BEA press release mentions, the 5.7% figure is only the advance estimate. The final and more accurate version will not be available until March. For perspective, the 3Q was originally 3.8% before it was revised down to 2.2% for a final figure.
The actual growth rate was probably close to what most economist predicted, as well as where the BEA rate will eventually end up - around 4.4%.
Temporary jobs are useless by definition because they go away. Would you count on a holiday job to get a mortgage?
LOL - what an ignorant statement.
Somehow I doubt someone who got one of those "temporary jobs" agrees with you that it's "useless". Someone without a job will take what he can get - temporary or not.
Unemployment is "temporary" too. You think those folks on unemployment will turn it down because it's only "temporary"?
Get a clue and quit making such obviously stupid statements. It only makes you sound dumb.
No what got us in this mess in the first place was a credit bubble. Cheap money given freely.
Actually top marginal rates were lower in the 80's.
But but but...if low tax rates are the panacea you claim they are, they should have prevented this recession. Job losses should not even have happened. But they did. And that debunks your argument that tax cuts will save the economy. Our taxes have already been cut.....they're the lowest they've been in a long time. Hello!
What exactly are you looking for? Some magic wave of the wand? The November job growth numbers were due in large part to federal support. But the fact that we could get to that point - or even 85,000 jobs lost - in such a short period after almost a million jobs were lost in a month a year before is progress in the right direction.
Not there yet, but progress.
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