Should we let the Bush Tax Cuts expire?

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  • GatorB
    The Demon & 12clicks
    • Oct 2001
    • 18208
    #76
    Originally posted by Ethersync
    ...and yet the unemployment rate remains 9.6%.
    when you learn what the un-employment rate actually means let me know. You do realize that umeployment rate could actually go up to 10% but we could add 250,000 jobs in the same month. We could lose jobs and the unemployment rate could actually go down in the same month also.

    Some dude working at MCdonald's lsoes his job but he for whatever reason doesn't file for unemployment, guess what, he doesn't get counted as unemployed. An unemployed guy that wasn't getting unemplyment gets a job has ZERO efect on the unemployment figure. WHY? Because he wasn't counted as being unempoyed in the first place.

    I suspect you're the kind of person that when you see a 7 point spread on a football game actually thinks that is what the odds makers think that one team will beat the other by.

      Comment

      • TheDoc
        Too lazy to set a custom title
        • Jul 2001
        • 13827
        #77
        Originally posted by Vendzilla
        yes, there was gains, but we are still losing jobs

        The advance number of actual initial claims under state programs, unadjusted, totaled 419,351 in the week ending Oct. 30, an increase of 10,881 from the previous week. There were 482,612 initial claims in the comparable week in 2009

        http://www.dol.gov/opa/media/press/e...ta20101516.htm

        Just a slower pace, so forgive me if I dont get all excited
        Jobs don't have to be growing at all for the Economy to be improving.... normally when jobs can grow, even a little, it means the Economy is doing much better.
        ~TheDoc - ICQ7765825
        It's all disambiguation

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          • Vendzilla
            Biker Gnome
            • Mar 2004
            • 23200
            #78
            Originally posted by TheDoc
            Jobs don't have to be growing at all for the Economy to be improving.... normally when jobs can grow, even a little, it means the Economy is doing much better.
            When it grows a little, I'll be happy, right now, we are losing less
            Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
            think about that

              Comment

              • Vendzilla
                Biker Gnome
                • Mar 2004
                • 23200
                #79
                Originally posted by tony286
                If it wasnt for taxes that paid for the gov funds given for the creation of the net. Most here wouldnt have worry about being in a higher bracket .
                I'd still be working on high rise buildings, which were government funds from Reagon when I did that
                Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                think about that

                  Comment

                  • Vendzilla
                    Biker Gnome
                    • Mar 2004
                    • 23200
                    #80
                    Originally posted by GatorB
                    when you learn what the un-employment rate actually means let me know. You do realize that umeployment rate could actually go up to 10% but we could add 250,000 jobs in the same month. We could lose jobs and the unemployment rate could actually go down in the same month also.

                    Some dude working at MCdonald's lsoes his job but he for whatever reason doesn't file for unemployment, guess what, he doesn't get counted as unemployed. An unemployed guy that wasn't getting unemplyment gets a job has ZERO efect on the unemployment figure. WHY? Because he wasn't counted as being unempoyed in the first place.

                    I suspect you're the kind of person that when you see a 7 point spread on a football game actually thinks that is what the odds makers think that one team will beat the other by.
                    Don't strain your little brain trying to spin the unemplyment rate as being good
                    Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                    think about that

                      Comment

                      • TheDoc
                        Too lazy to set a custom title
                        • Jul 2001
                        • 13827
                        #81
                        Originally posted by Vendzilla
                        When it grows a little, I'll be happy, right now, we are losing less
                        The 150k is a net gain in jobs, after losses.... we aren't losing right now and overall haven't for the last year. Overall we've taken a positive gain in jobs available.
                        ~TheDoc - ICQ7765825
                        It's all disambiguation

                          Comment

                          • Ethersync
                            Confirmed User
                            • Mar 2008
                            • 5289
                            #82
                            It's also worth mentioning that US manufacturing output blew past the UK in 1890 and we never looked back. In fact 1870s and 1880s we experienced our fastest economic growth rates ever.

                            1865 to 1900 is referred to as the Gilded Age and this economic boom time is what made America America. During this time there were a number of short recessions, 1 depression and huge numbers of banks and railroads went bankrupt. This was a time with no government bailouts of anyone and no Federal Reserve and not only did we recover quickly we had our greatest time of real economic growth ever. Oh, did I mention there was also no income tax during this time?

                            Now governments prevent the liquidation of malinvestment under the guise of helping us and in reality prolong the agony and worsen the problem.
                            Last edited by Ethersync; 11-06-2010, 07:32 PM.
                            The best ePassporte replacement I have found: OKPAY

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                              • TheDoc
                                Too lazy to set a custom title
                                • Jul 2001
                                • 13827
                                #83
                                Originally posted by Ethersync
                                It's also worth mentioning that US manufacturing output blew past the UK in 1890 and we never looked back. In fact 1870s and 1880s we experienced our fastest economic growth rates ever.

                                1865 to 1900 is referred to as the Gilded Age and this economic boom time is what made America America. During this time there were a number of short recessions, 1 depression and huge numbers of banks and railroads went bankrupt. This was a time with no government bailouts of anyone and no Federal Reserve and not only did we recover quickly we had our greatest time of real economic growth ever.

                                Now governments prevent the liquidation of malinvestment under the guise of helping us and in reality prolong the agony and worsen the problem.
                                Cali Gold rush: 1848–1855 - Overall Gold rush lasted almost 100 years, from early 1800's to early 1900's.

                                Mad fraud took place, fake gold/money was a huge issue, bank bonds failed and people lost everything they had/owned including property, no standard of trade, one bank/person wouldn't take another persons/banks note, lots of issues took place during these times. Besides getting shot in the street for looking at a man wrong.
                                Last edited by TheDoc; 11-06-2010, 07:36 PM.
                                ~TheDoc - ICQ7765825
                                It's all disambiguation

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                                  • Vendzilla
                                    Biker Gnome
                                    • Mar 2004
                                    • 23200
                                    #84
                                    Originally posted by TheDoc
                                    The 150k is a net gain in jobs, after losses.... we aren't losing right now and overall haven't for the last year. Overall we've taken a positive gain in jobs available.
                                    they are boasting 159k new jobs
                                    New Unemployment claims are 450K
                                    Sorry, I don't understand your math

                                    It's going to be hard to put a positive spin on an unemployment rate that hasn't moved for over a year
                                    Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                                    think about that

                                      Comment

                                      • Ethersync
                                        Confirmed User
                                        • Mar 2008
                                        • 5289
                                        #85
                                        Originally posted by TheDoc
                                        Cali Gold rush: 1848?1855 - Overall Gold rush lasted almost 100 years, from early 1800's to early 1900's.

                                        Mad fraud took place, fake gold/money was a huge issue, bank bonds failed and people lost everything they had/owned including property, no standard of trade, one bank/person wouldn't take another persons/banks note, lots of issues took place during these times. Besides getting shot in the street for looking at a man wrong.
                                        Well, it wasn't called the Wild West for nothing Hell, California was not even a state until a couple years into the Gold Rush. There were gold rushes all over the world during this time and before and after this time. Anyways, what's your point?
                                        The best ePassporte replacement I have found: OKPAY

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                                          • TheDoc
                                            Too lazy to set a custom title
                                            • Jul 2001
                                            • 13827
                                            #86
                                            Originally posted by Vendzilla
                                            they are boasting 159k new jobs
                                            New Unemployment claims are 450K
                                            Sorry, I don't understand your math

                                            It's going to be hard to put a positive spin on an unemployment rate that hasn't moved for over a year
                                            They are boasting 150k "net" added jobs... not total new jobs added.

                                            The unemployment rate has dropped in the last year.
                                            ~TheDoc - ICQ7765825
                                            It's all disambiguation

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                                              • TheDoc
                                                Too lazy to set a custom title
                                                • Jul 2001
                                                • 13827
                                                #87
                                                Originally posted by Ethersync
                                                Well, it wasn't called the Wild West for nothing Hell, California was not even a state until a couple years into the Gold Rush. There were gold rushes all over the world during this time and before and after this time. Anyways, what's your point?
                                                It was America's gold rush that sparked that economic boom. It was the same situation before the big rush, and people weren't sitting pretty or being taxed.
                                                ~TheDoc - ICQ7765825
                                                It's all disambiguation

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                                                  • Ethersync
                                                    Confirmed User
                                                    • Mar 2008
                                                    • 5289
                                                    #88
                                                    Originally posted by TheDoc
                                                    It was America's gold rush that sparked that economic boom. It was the same situation before the big rush, and people weren't sitting pretty or being taxed.
                                                    It it not so simple, but let's get to the point: Do you think that if there was an income tax back then and more government regulation it would have meant greater economic growth?
                                                    The best ePassporte replacement I have found: OKPAY

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                                                      • directfiesta
                                                        Too lazy to set a custom title
                                                        • Oct 2002
                                                        • 30135
                                                        #89
                                                        Originally posted by 12clicks
                                                        """Moreover, according to the FY 1997 Clinton budget submission, individual income tax revenues as a share of GDP will be lower during the first four years of the Clinton tax increase, which include the effects of the 1990 tax increase, than under the last four years of the Reagan tax changes"""
                                                        Did I read right ??? Title is about BUSH taxes, right ... ? Just checking ....

                                                        CLAIM: "The tax relief you passed is working."

                                                        STATUS: The tax cuts have drained resources from domestic programs utilized by middle-class families. The Bush tax cuts for the richest 1 percent of Americans this year alone will cost $148 billion. "That is twice as much as the government will spend on job training, $6.2 billion; college Pell grants, $12 billion; public housing, $6.3 billion; low-income rental subsidies, $19 billion; child care, $4.8 billion; insurance for low-income children, $5.2 billion; low-income energy assistance, $1.8 billion; meals for shut-ins, $180 million; and welfare, $16.9 billion." [UFE, 4/7/04; Detroit News, 9/29/04
                                                        .. but he did send you a " stimulus " check of 600.00 or so ? ( added to the deficit ).
                                                        Didn't hear the baggers and fiscally responsable conservatives complain on this board ...
                                                        I know that Asspimple is stoopid ... As he says, it is a FACT !

                                                        But I can't figure out how he can breathe or type , at the same time ....

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                                                          • TheDoc
                                                            Too lazy to set a custom title
                                                            • Jul 2001
                                                            • 13827
                                                            #90
                                                            Originally posted by Ethersync
                                                            It it not so simple, but let's get to the point: Do you think that if there was an income tax back then and more government regulation it would have meant greater economic growth?
                                                            That's hard to say... with today's standards it would be a mess. But back then when banks did get regulated and a standard exchange was made, it greatly helped.

                                                            We had taxes back then, sales and others...including income, just income went on and off, so yes in some ways they did help.
                                                            Last edited by TheDoc; 11-06-2010, 08:07 PM.
                                                            ~TheDoc - ICQ7765825
                                                            It's all disambiguation

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