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Old 02-01-2013, 07:09 AM
 
Location: Fort Worth Texas
12,481 posts, read 10,205,553 times
Reputation: 2536

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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
12,149 posts, read 8,400,602 times
Reputation: 4190
I thought the trillions in stimulus was supposed to, also.
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Old 02-01-2013, 07:13 AM
 
45,137 posts, read 26,317,877 times
Reputation: 24871
As was Quantitive Easing
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Old 02-01-2013, 07:14 AM
 
46,217 posts, read 26,980,998 times
Reputation: 11091
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
 
45,137 posts, read 26,317,877 times
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Maybe Paul Krugman will chirp in...
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Old 02-01-2013, 07:17 AM
 
3,004 posts, read 5,136,285 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
8,347 posts, read 7,224,659 times
Reputation: 2279
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
 
46,217 posts, read 26,980,998 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
 
13,186 posts, read 14,952,928 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
 
46,217 posts, read 26,980,998 times
Reputation: 11091
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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