Esten's New Jobs Number / U3 vs U6 and workforce participation rate
Not so fast Esten, exactly where did those 288,000 jobs come from? Could it be mostly from summer hiring perhaps? Don't you think all those "new jobs" which were created in June will disappear in August?
Follow this link for June jobs information:
[URL]http://www.macrovolatility.com/2014/07/unemployment-in-us-recedes-slightly-in-june-2014-but-for-the-wrong-reasons/[/URL]
Oh and Esten what about those pesky new unemployment claims for June?
Follow this link for new unemployment filings for June:
[URL]http://ycharts.com/indicators/initial_claims_for_unemployment_insurance[/URL]
Esten, as far as ObamaCare being a job killer, all you have to do is wait until August, September and October when all those cancellation notices begin to arrive for businesses.
Esten you up for another round after having your ass handed to you over European unemployment calculations where you were wrong as usual?
Esten is always quick to point out how unemployment has decreased under the Imperial Presidency of Obama quoting the DOL's U3 rate and ignoring the more accurate U6 rate and totally ignoring the workforce participation rate.
Follow this link for the U6 rate:
[URL]http://ycharts.com/indicators/us_u_6_unemployment_rate_unadjusted[/URL]
Follow this link for a U3 / U6 rate comparison and explanation.
[URL]http://unemploymentdata.com/current-u6-unemployment-rate/[/URL]
Oh and Esten before you start claiming the decrease in the workforce participation rate is due to baby boomers retiring, you are wrong again.
Follow this link to workforce participation rate composition by age brackets.
[URL]http://www.businessinsider.com/lfpr-falls-to-lowest-level-since-1978-2014-5[/URL]
Have a nice day Esten.
US economy a "world beater"
[URL]http://news.yahoo.com/whats-making-us-economy-world-beater-5-factors-071916194.html[/URL]
For all those suffering the affliction of ODS (Obama Derangement Syndrome).
Who are the real Fascists
ElAlamoPalermo is always calling anyone who disagrees with him a Fascist Fanboy.
Well here is the classical definition of Fascist:
Fascist. Noun.
1. a person who believes in or sympathizes with fascism.
2. (often initial capital letter) a member of a fascist movement or party.
3. a person who is dictatorial or has extreme right-wing views.
[URL]http://dictionary.reference.com/browse/fascist[/URL]
I know where you are trying to go with this, declaring anyone on the right has "extreme right-wing views and therefore is a fascist based on the classic definition above is not only an intellectually dishonest gambit but just plain lazy in this day and time.
Perhaps back in the 1940's or 1950's the classical definition had relevance but no one is attempting to reinstitute the policies of Mussolini, not even the Italian's.
ELP, you are just engaging in bombastic name calling and attempting to denigrate your opponents when you have run out of ideas to argue.
Now I would put forward the proposition the Imperial Presidency of Obama not only is engaging the application of classic fascism:
Fascism. Noun.
1. often Fascism.
A. A system of government marked by centralization of authority under a dictator, a capitalist economy subject to stringent governmental controls, violent suppression of the opposition, and typically a policy of belligerent nationalism and racism.
B. A political philosophy or movement based on or advocating such a system of government.
2. Oppressive, dictatorial control.
I would also put forward the argument Obama is engaging in economic fascism; see the two links below for a more in depth definitions. You can draw your own conclusions.
[URL]http://en.wikipedia.org/wiki/Economics_of_fascism[/URL]
[URL]http://www.econlib.org/library/Enc/Fascism.html[/URL]
Let them do it, I'm too busy thinking.
An exerpt from a column written by Peggy Noonan for the WSJ:
=====================================
But the president is an executive, and executives manage. They set a tone, establish accountability, light fires, remind those to whom authority is delegated who's boss. They set expectations and standards. "[I]If you can't cut it, you're out.[/I]"
Mr. Obama has never seemed that interested in the management of government. It is completely believable that he read about the VA scandal in the newspapers, where he has learned of other administration scandals. It is believable he had no idea what was going on in a major, problem-plagued agency.
Making sure that things work doesn't seem to be his conception of his job. [B]Words are his job. He argues for a bill, the bill becomes a program, and someone else will make it work.[/B] He talks about health care for three years, it debuts with a terrible crash, and he's shocked. [B]Why didn't it work? He told it to![/B] His background was one of some privation, but as an executive he acts like a man who grew up with 10 maids. "[I]Let them do it, I'm too busy thinking.[/I]"
Mr. Obama said, when he first ran for president in 2008, that the VA system was a mess and he'd clean it up. It has gotten worse under his watch. He must be shocked. [B]He told it to get better! He said the words![/B]
And the word is everything. The act, the deed, the follow-through, the making it happen doesn't seem to loom large on his agenda of concerns. Which makes this progressive era different from those of FDR and LBJ, who appropriately feared scandal and mess and kept a sharp eye on what was happening.
Some of this is surely due to the culture of Washington, where they don't hold the idea of management in high regard. Managing isn't interesting, like art or talking. It's not high-class. It's what boring people do! Interesting people make speeches and spin the press and smoke out the agenda and flip the narrative.
=====================================
The full column may be reviewed at...
[URL]http://www.peggynoonan.com/the-va-scandal-is-a-crisis-of-leadership/[/URL]
Thanks,
Jax.
Ah yes, I can hear the humming.
Oh, it's the AP men's glee club practicing again. A little bit loud and out of tune as usual. But I like their enthusiasm, they even hold hands when they practice. And when they finish, you should see their high 5's and the bumping of chests! Maybe another 6 to 8 years of practice, they might be able to put together a few songs. You would hope but it's the same song they have been polishing since 2008, and it is still quite ragged. It's more like Gregorian chanting. And I don't think the neighbors can hold off their their annoyance any longer, a public nuisance petition might soon be file. They might have to switch to knitting or checkers.
Almost every issue comes down to money & profits.
[URL]http://www.nytimes.com/2014/04/27/opinion/sunday/the-koch-attack-on-solar-energy.html?_r=0[/URL]
In today's politics, the moment you win an election, you are working on winning the next election. There is really no long term agenda possible, no matter how great your ideas are, because if you do not prioritize the next election, there is no way you can implement anything meaningful, forget about substance. First you have the formidable opposition funded by the Big Boys, who could bulldoze you underground. And then you have an electorate who cannot tolerate any short term deprivation, who cannot see beyond their next pay check. So what you have is what you get. We are ones who vote the morons to Washington, they are actually who we are. They are actually doing what we would be doing if we were there. Don't kid yourself into thinking that we are better than them. It's the system, the culture, brother, pure Americana, circa 2014. There will be a day of reckoning somewhere in the future. But for now, don't worry, be happy.
When I was at a mid-price resort in El Nido, about 7 chalets, we had power partially from solar energy. That is during the day when the sun is up. A sure way to save some money. Can American homes be helped in some way by this innovation? Yes, of course, but just beware of the Big Boys kicking some sand in your face.
Wall Street loves tax evasion deals
No surprise to see the free market capitalists on this board, yet again arguing to help the rich. Their common theme:
- Lower tax rates on millionaires and billionaires (much less than the 39.6% rate they [I]should[/I] be paying)
- Lower tax rates on corporations
The argument is that the rich will move their money elsewhere if we don't lower their taxes. That may be true to some extent, but lowering their taxes will only further increase their share of the economic pie and increase economic inequality, trends we need to reverse, not accelerate.
Of course, Wall Street loves these tax inversion (evasion) deals, because they reap huge transaction fees and improve corporate profitability, which positions the corporations to increase their payouts to Wall Street. Bankers are now actively pitching inversion targets to US corporations. Yep, the same folks and their greed that were most responsible for the financial crash and the Great Recession, now pursuing ever-new ways to make a buck, again at the expense of Americans. It's a great cycle for Wall Street: increase corporate profits -- increase corporate payouts -- increase the wealth of the top 1% -- accelerate by lowering tax rates for top 1%.
How Hedge Funds Are Pushing Companies To Leave America
[URL]http://www.forbes.com/sites/nathanvardi/2014/05/01/how-hedge-funds-are-pushing-companies-to-leave-america/[/URL]
The answer is not to feed into this "race to the bottom" mentality where we suck up to the top 1%. The answer is to pass deliberate, carefully structured legislation that prevents or discourages more lopsided wealth accumulation, and where possible reverses it through redistribution. Legislation to increase the hurdle to inversion deals is worth looking at.
You might want to dig a little deeper.
[QUOTE=Tiny12;440509] I doubt Koch Industries cares about this issue, one way or the other. It doesn't affect them.[/QUOTE]I am by no means an expert on this subject, but Koch Brothers isn't funding the Liberterian Party because they want to solve America's problems.
