Lib media goes wild over unemployment "decline"

Feb 2011
299
0
Canada
myp, et al,

Most of us tend to view the economics of American in well-defined semi-scientific terms:

Example: GNP = consumption + investment + government spending + net exports​

We tend to differentiate private investment from government spending, and look at consumption as a factor of earned income minus taxes (private again).

We look at reasons for outsourcing employment and manufacturing opportunities in terms of:

  • Lower Wages
  • Lower Regulatory Costs
  • Tax Benefits
  • Ability to Downsize at Will
  • Improved Performance
  • Freeing up Resources For Core Activities
  • Quicker Turnaround Time
  • Uncertainty Over Political/Business Climate
  • Accelerated Time to Market
  • Commodification
  • Contractual Certainty

Economics, even the most advanced studies, are historical in nature. The axioms tell us how history unfolded and the forces in play. But the axioms cannot be used to guide us into the future and make sound monetary and economic decisions. If it could, then America would have been able to avoid the crisis it faces now. So, we must not make the mistake of accepting economic concepts are written in stone. Remember what the Great Albert Einstein said: “"We can't solve problems by using the same kind of thinking we used when we created them." But that seems to be exactly what we are doing, and why American Leaders are unable to rebuild the strength in commerce and industry. We keep following scholarly economic teaching expecting to get a different result. If you keep using the same logic over and over again, then you either have a very long line of successively and immensely popular (but inept) leaders, or the logic and economic theories do not work in the invironment.

(BACK DROP)

I propose changing these constants in such a way – that, manufacturing and production will want to come back to the US. It is impossible to do on the basis of patriotism. Business and Corporations pay homage to “wealth;” maximizing wealth. They own no allegiance to America of the People (employees). They have no national pride in the brand summation (made in America).

(COMMENT)

The taxpayer is, in fact, an investor in the nation by virtue of the “tax dollar” contribution. Each business entity (with the government being a non-profit business) understands if you are not re-investing (in this case, tax dollars) in your business (America), you are killing your business (America).

The US spent, last year (2010) $663B on the Department of Defense.

NOTE: DOD budget of $663B is more than the combined budgets for the Departments of:

Health and Human Services – Transportation – Veterans Affairs – State and International Programs – Housing and Urban Development – Education – Homeland Security – Energy – Agriculture – Justice – National Aeronautics and Space Administration – Commerce – Labor – Treasury – Interior – Environmental Protection Agency – Social Security Administration – National Science Foundation – Corps of Engineers – National Infrastructure Bank – Corporation for National and Community Service – Small Business Administration – General Services Administration. (You could virtually double the budget of the entire rest of the government with what is allocated for DOD.)

(OCCUM’s RASOR)

What we do and How we pay for it:

You have, no doubt, noticed that a number of federal departments are in a strategic position to help rebuild America. Of these, there are about eight (8) that need to be brought online for a maximum effort to the rebuilding and rejuvenation process. In effect, their budgets need to be, in some cases, quadrupled:

  • Corps of Engineers – $5.1B to $20B
    • Plan, and build, new commercially usable locks and dams. Initiate new civil engineering projects include Mississippi River flood control, and dredging the waterway for improved navigation.
    • Design and build Gulf Coast flood protection systems.
    • Design and construction management new electrical power generation facilities.
    • Restoration of ecosystems and new forestry.
  • Energy – $26.3B to 105B
    • Design and build safe and powerful, nuclear reactor production for the nation.
    • Conduct energy-related research into alternative sources.
    • Plan and build geothermal generation plants; massive wind farms and solar arrays in the desolate areas.
  • Transportation – $72.5 billion to $100B
    • Plan and build fast, safe, efficient, accessible, and convenient transportation system for commerce.
      • Better airports
      • Rejuvenation current highways, and build newer hughways.
      • Rebuild the Marine port facilities
    .

    And so on with these agencies: (I could write for days on this subject.)

  • Environmental Protection Agency – $10.5B to $30B
  • National Science Foundation – $7.0B to $10B
  • National Infrastructure Bank – $5.0B to $10B
  • Agriculture – $26.0B to $100B
  • Small Business Administration – $0.7B to $1B

This would represent a reduction in the DOD Budget of approximately 22%; or, from about $663B to $520B (a difference of nearly $143B). This reduction represents (slightly less than) the combined cost of the Afghan/Iraq War for the same year --- 2010.

The idea is simple. If the nation embarks on such a course, there will arise a very real need for an educated work force, more students, and more smaller business to provide the ancillary support needed. There will be a need for real scientist and engineers, as well as construction workers. This reinvestment will circulate more money inside the US economy at both the state and local level, and it will begin to build new markets for the exchange of new technologies.

Finally, it adds to the net worth of the nation (home improvements) and gives America a competative advantage in the cost of production and the associated transportation costs.

This is just a "Thumbnail View." And Again, it is not the way the 20th Centruy Political Leader thinks, and why - if we keep choosing Leaders from the old school, they will fail us all. We need leaders who are passionate about the health and sturdiness of our nation. Not professional politicians that are greedy for power.

Most Respectfully,
R

****ing guy keeps talking about 'rebuilding America' as an investment in the country. Idiot, one needs MONEY to rebuild. The USA HAS NONE.
 
Aug 2011
758
0
****ing guy keeps talking about 'rebuilding America' as an investment in the country. Idiot, one needs MONEY to rebuild. The USA HAS NONE.

"Rebuild America" translates to "disgorging billions of dollars to my cronies and political supporters." We don't need any of this "rebuilding" crap - we need to stop spending money.
 
Aug 2010
211
12
Reynoldsburg, OH
Patrick, Fascist Canuck, et al,

Rebuilding means putting Americans to work assembling a nation with a competitive advantage in local and global markets.

"Rebuild America" translates to "disgorging billions of dollars to my cronies and political supporters." We don't need any of this "rebuilding" crap - we need to stop spending money.
(COMMENT)

I understand completely. There are millions of people that would agree with you. They are not interested in building a better America either. They believe that doing nothing is a better choice.

I come from a different persuasion. I believe, like my father before me, that we have a great nation of hidden talent, that we need to repair our roads and the pot holes that fill them, that we need a better electric power grid for cheaper energy, that we need to adopt more in alternative energy sources, that we need better waterways to improve commerce and prevent wide-scale flooding, that we need to build the Gulf Coast region to prevent storm damage ... and on and on.

All these things make a stronger America; not a deteriorating county falling into decline.

Most Respectfully,
R
 
Aug 2011
758
0
Patrick, Fascist Canuck, et al,

Rebuilding means putting Americans to work assembling a nation with a competitive advantage in local and global markets.
(COMMENT)

I understand completely. There are millions of people that would agree with you. They are not interested in building a better America either. They believe that doing nothing is a better choice.

I come from a different persuasion. I believe, like my father before me, that we have a great nation of hidden talent, that we need to repair our roads and the pot holes that fill them, that we need a better electric power grid for cheaper energy, that we need to adopt more in alternative energy sources, that we need better waterways to improve commerce and prevent wide-scale flooding, that we need to build the Gulf Coast region to prevent storm damage ... and on and on.

All these things make a stronger America; not a deteriorating county falling into decline.

Most Respectfully,
R

What does it take for people like you to grasp that we are $15 TRILLION in debt? By analogy, if you personally were $1 million in debt, what would your family think of you if you said "Hey, I got an idea - let's build a $10 million house!!!"

Also, the issue is not whether one wants a better country, but the best way to do it. Statists want to so it by giving another body blow to an economy already flat on its back, by raising taxes, creating more debt, printing money, assuming broad new powers in the government, and creating ever more business killing regulation. To recover, what this country needs is at least a ten year vacation from clueless government types and their grandiose megalomaniacal schemes.
 

myp

Jan 2009
5,841
50
RoccoR, I will be responding to your post, just bear with me as it is exams week and I have a busy schedule right now.

What does it take for people like you to grasp that we are $15 TRILLION in debt? By analogy, if you personally were $1 million in debt, what would your family think of you if you said "Hey, I got an idea - let's build a $10 million house!!!"
In that analogy the person with $1 million in debt also produces $1 million worth of goods a year and can borrow at ~2% on a 10-year loan. I am all for cutting spending (let's start with the big government projects in your pro-war policies, shall we?), but exaggerating things isn't going to get you very far. Also, no one, as far as I know, is proposing $150 trillion in spending (which is analogous to your $10 million house).

Also this isn't about statists so much as economics (something I know you have much trouble understanding). If you believe in a liquidity trap or a major role of confidence in markets, then an argument for certain stimulus might stand.
 
Aug 2011
758
0
In that analogy the person with $1 million in debt also produces $1 million worth of goods a year and can borrow at ~2% on a 10-year loan. I am all for cutting spending (let's start with the big government projects in your pro-war policies, shall we?), but exaggerating things isn't going to get you very far. Also, no one, as far as I know, is proposing $150 trillion in spending (which is analogous to your $10 million house).

It will have been clear to anyone except those with your density that what I gave was an >>>analogy<<, not an exact mathematical proportion, the entire meaning of which is that it's insane to pile debt upon immense debt.

Also this isn't about statists so much as economics

The connection between the two is something ungraspable by someone with your low IQ. :rolleyes:
 

myp

Jan 2009
5,841
50
It will have been clear to anyone except those with your density that what I gave was an >>>analogy<<, not an exact mathematical proportion, the entire meaning of which is that it's insane to pile debt upon immense debt.
You were giving a hyperbole* which was an inadequate analogy. When you phrase it with my corrections it doesn't seem as bad does it?


The connection between the two is something ungraspable by someone with your low IQ. :rolleyes:
Need to resort to personal attacks when you don't understand something? Aw, too bad.
 
Aug 2011
758
0
You were giving a hyperbole* which was an inadequate analogy. When you phrase it with my corrections it doesn't seem as bad does it?

Uh, actually, no. The analogy is fine, but of course YOU don't get it - as usual.



Need to resort to personal attacks when you don't understand something? Aw, too bad.

THIS, from someone who expects everyone to keep a straight face when he tries to decouple statism and economics. :p
 

myp

Jan 2009
5,841
50
How about we let the others decide which analogy works best?

You seem to think everyone acts on ideology all the time. Have fun with that and keep watching as the world burns in your eyes. I choose to be a realist and thankfully in this case my reality is a lot more beautiful than yours, which allows me to be an optimist more often too.
 
Aug 2011
758
0
How about we let the others decide which analogy works best?

You seem to think everyone acts on ideology all the time. Have fun with that and keep watching as the world burns in your eyes. I choose to be a realist and thankfully in this case my reality is a lot more beautiful than yours, which allows me to be an optimist more often too.

I think nothing of the kind. But politicians act on ideology all the time. And to a particular strain of them, leftwingers, politics is all that exists - their whole life is devoted to using the powers of government to control other people's lives, nearly every aspect of their lives. That being the case, even people who have contempt for politics must follow it, if for no other reason than self defense. And to think one can be a "realist" and ignore the political is simply insane.
 
Aug 2010
211
12
Reynoldsburg, OH
Patrick, et al,

Nowhere did I say, "raise taxes."

What does it take for people like you to grasp that we are $15 TRILLION in debt? By analogy, if you personally were $1 million in debt, what would your family think of you if you said "Hey, I got an idea - let's build a $10 million house!!!"

Also, the issue is not whether one wants a better country, but the best way to do it. Statists want to so it by giving another body blow to an economy already flat on its back, by raising taxes, creating more debt, printing money, assuming broad new powers in the government, and creating ever more business killing regulation. To recover, what this country needs is at least a ten year vacation from clueless government types and their grandiose megalomaniacal schemes.

(COMMENT)

It is a reallocation of the current tax revenue.

I also advocate reducing the size of government; and the elimination of some government agencies that no longer fulfill a need.

So, your observation that " raising taxes, creating more debt, printing money, assuming broad new powers in the government, and creating ever more business killing regulation" just doesn't wash as valid in terms of my suggestion. My suggestion overcomes and addresses each of your concern. It does not increase taxes, and it does go above the current rate of expenditure.

Most Respectfully.
R
 

myp

Jan 2009
5,841
50
I think nothing of the kind. But politicians act on ideology all the time. And to a particular strain of them, leftwingers, politics is all that exists - their whole life is devoted to using the powers of government to control other people's lives, nearly every aspect of their lives. That being the case, even people who have contempt for politics must follow it, if for no other reason than self defense. And to think one can be a "realist" and ignore the political is simply insane.

Do politicians really act on ideology all the time? You are the one that says it yourself that there are so many "RINOs" - if they acted on ideology alone they would do what they said they would do. But they don't. Because like everyone else they are driven by incentives- for politicians that is usually anything that helps them get reelected.

And I am not saying politics is not important, but that there are often better mediums for objective analysis of these matters. And for things like unemployment and illegal immigration economics is one of them. The studies revolve around current policy and look to see how it affects things, so it is not like the politics is overlooked.
 
Aug 2011
758
0
Do politicians really act on ideology all the time? You are the one that says it yourself that there are so many "RINOs" - if they acted on ideology alone they would do what they said they would do. But they don't.

Uh, nooooooooo - RINOs are LIBERALS - that's their ideology.

And I am not saying politics is not important, but that there are often better mediums for objective analysis of these matters. And for things like unemployment and illegal immigration economics is one of them. The studies revolve around current policy and look to see how it affects things, so it is not like the politics is overlooked.

Of course likewise I'm not saying economics is unimportant, but it must be seen in the right context: if employers like farmers and meatpackers can get an economic advantage from evading uninforced laws, they will. So will almost everyone. Don't enforce SEC rules, trading houses will cash in on insider trading.
 

myp

Jan 2009
5,841
50
-f course likewise I'm not saying economics is unimportant, but it must be seen in the right context: if employers like farmers and meatpackers can get an economic advantage from evading uninforced laws, they will. So will almost everyone. Don't enforce SEC rules, trading houses will cash in on insider trading.

And I am not saying we should not enforce any of those rules. I am just saying in the case of illegal immigration, when the system fails to enforce the rules, it is a positive. Of course no politician should or will admit to that for the obvious reason that they are supposed to stand by the law. It might seem paradoxical, but it is far from the only case. Another one is when there are deadlocked Congresses, they tend to spend less and meddle less and arguably it benefits the economy. In other words, sometimes the "fixing" actually hurts.
 
Aug 2011
758
0
And I am not saying we should not enforce any of those rules. I am just saying in the case of illegal immigration, when the system fails to enforce the rules, it is a positive. Of course no politician should or will admit to that for the obvious reason that they are supposed to stand by the law. It might seem paradoxical, but it is far from the only case. Another one is when there are deadlocked Congresses, they tend to spend less and meddle less and arguably it benefits the economy. In other words, sometimes the "fixing" actually hurts.

My response is of course that you imagine that the economy is benefited by ignoring the indirect costs. The employers make profits and the people who buy products of illegal labor get lower prices, but everyone pays more for the indirect costs which are diffuse and not obvious because they are socialized.
 

myp

Jan 2009
5,841
50
My response is of course that you imagine that the economy is benefited by ignoring the indirect costs. The employers make profits and the people who buy products of illegal labor get lower prices, but everyone pays more for the indirect costs which are diffuse and not obvious because they are socialized.

It really amazes me that you seem to think that the people doing this research don't think of the indirect costs and that only you are capable of doing that. Most of the studies look at effects on tax revenue, health costs, etc. A cost-benefit analysis consists of costs AND benefits, not just benefits :p Do you have a study or something that supports that a major indirect cost is overlooked?

I think part of your misunderstanding is from not realizing that illegal immigrants still pay sales taxes, many still pay income taxes (suggested by the big increase in IRS tax filings after they allowed filing without social security numbers), etc. They also don't get free healthcare, with the exception being the worst of emergencies because no hospital in the US is fine with watching a person bleed to death in their ER. Even then, they are still billed and I am sure those that can afford it do end up paying (or possibly get into legal troubles that I'd imagine end up with them being deported- although that is speculation on my part).
 
Aug 2011
758
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It really amazes me that you seem to think that the people doing this research don't think of the indirect costs and that only you are capable of doing that. Most of the studies look at effects on tax revenue, health costs, etc.

How can I evaluate these mysterious "studies" of yours when you won't post them? :rolleyes:

I think part of your misunderstanding is from not realizing that illegal immigrants still pay sales taxes, many still pay income taxes (suggested by the big increase in IRS tax filings after they allowed filing without social security numbers), etc.

You are simply uninformed - in the southwest, LOTS of the payments to day laborers is in cash, which of course is never reported or traceable. Back when houses were still being built before the leftwingers crashed the economy, you could go by construction sites and see illegals being paid in >>CASH<< at the end of a work day.

They also don't get free healthcare, with the exception being the worst of emergencies because no hospital in the US is fine with watching a person bleed to death in their ER.

This is the point in your uninformed monolog where EVERYONE who lives in the southwest starts laughing at you - illegals get ALL KINDS OF EVERY DAY medical care in ERs - with a favorite being routine prenatal checkups for their anchor babies. On this subject, you simply don't know what you're talking about.
 

myp

Jan 2009
5,841
50
Your anecdotes mean nothing against the numbers- they are nothing more than sob stories for your position. Also, you can pay income tax on cash payments and many of them do- obviously they aren't paid in check- everyone knows most of the income is in cash. Again, look at the IRS reports- it is self-reported cash income which they pay tax on.

And I have given you studies, here is one again:
http://irps.ucsd.edu/assets/022/8797.pdf

Where is even one study or piece of evidence from you other than your sob stories?
 
Aug 2011
758
0
Your anecdotes mean nothing against the numbers- they are nothing more than sob stories for your position. Also, you can pay income tax on cash payments and many of them do- obviously they aren't paid in check- everyone knows most of the income is in cash.

BLAHHHHHHHH HA HA HEE GIGGLE YA HA HA!!!!!!! :p STOP! YOU'RE MAKING EVERYONE OUT HERE DIE FROM LAUGHTER!!!!!!!!!!!


And I have given you studies, here is one again:
http://irps.ucsd.edu/assets/022/8797.pdf

University of California, eh? ;) That's like offering a study by the KKK that says blacks are inferior. :p

LISTEN now - I SAID A CREDIBLE, NEUTRAL SOURCE. The UC system has fought a battle tooth and nail for decades against the people of California to do everything possible to promote the illegal alien invasion.

Try again, Sparky.
 

myp

Jan 2009
5,841
50
You really must have been a horrible physicist (if you were one to begin with). Attacks based on ethos and not the actual data- I am guessing you didn't last long in the field, or maybe your delusions are more recent? Not to mention UCSD is a respectable institution.

But, keep living in your conspiracy world. You are only eating yourself up inside. Have fun as you watch all of us conspire and collude to destroy you (even though we aren't doing either). Have a nice day. If you can. :)
 
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