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.

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.

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.

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

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?

They are boasting 150k "net" added jobs... not total new jobs added.

The unemployment rate has dropped in the last year.

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?

Did I read right ??? Title is about BUSH taxes, right ... ? Just checking ....

.. 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 ...

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.

Well, I complained about it and a lot of people I know did as well. Please don't lump us all together. Just because someone does not like what Obama is doing it does not mean they like what Bush did :)

There was a tax of 3% only on income over $20,000 (modern equivalent) in 1861 to pay for the Civil War. The rate changed slightly a year later and it ended altogether in 1866. So, yes for only the first year of the date range I gave there was an income tax of between 0% and 5% depending on income. Then in 1894 there was a 2% tax on income over ~$80,000 (modern equivalent) after the panic of 1893. The panic of 1893 was largely, if not entirely, caused by the Sherman Silver Purchase Act, which was an attempt by the US government to inflate the value of silver since the market was flooded with it, and the McKinley Tariff which put a near 50% import tax on good brought into the US. The huge supply of newly printed silver notes were used by people to exchange for gold notes causing the US government to run out of gold. Then the shit hit the fan until, I believe it was, JP Morgan bailed out the US Government with a gold loan. So, I misspoke when I said the government did not try to do stupid shit back then. They did in the 1890s, but thankfully they were limited in the damage they could do unlike now.

By the way McKinley was a republican.

So what? I'm not a Republican and I'm not loyal to any party.

Haha, I was reading thru thismornings bullshit and almost replied to tony404's idiot statement but then I saw this one.

I love guys who aren't smart enough to figure out what's happening currently retailing history like no one will notice.:1orglaugh

If only the likes of you were forced to pay your fair share......

What?

Go read some freakin history man, wow... the gold rush created a huge movement of people, it created an entire new economy of people buying everything they needed, new banks/cities created, more people with time to invent, money to buy supplies, it created new technology, new wealth, new business... this all sparked investments in companies, bonds, which exploded in growth with industrial growth and a ton of other crap. It funded/created the need for the railway system across the Country, which laid out communication's across the Country. The 1800's industrial growth, spiked, after the main gold rush. Gold supplied our eco during the 1800's, it rebuilt us, the rush's helped greatly in tons of ways - and bad in many as well.

Bah... just the fact that it moved people, is reason alone.

Now.... would you like to actually inject with some knowledge or do we get blessed with more morning coffee spit up?

when will this shit colapse?

Rasing or Lowering Taaxes is Not the issue we should be looking at. It is all the stupid spending, bad programs, Political people on Both sides.

Oh please, clown.
Last time you pretended to know something I rubbed your nose in what you didn't know about the Clinton tax hikes.
Run along and find a link that says the gold rush was the cause of the boom times of 1900.
Dope

yes, you rubbed my nose in the first 4 years of Clinton being office while ignoring the last 4 years. Good job as usual!

"In fact 1870s and 1880s we experienced our fastest economic growth rates ever."

Sorry ol'chum, we're talking about a period of time before the 1900's... nice fail twist though.

Speaking of dope, have too much of it this morning?

Was it like when you pretended to know something and I rubbed your nose in what you didn't know? LOL

12clicks you fail horribly hard.