Read the Declaration of Independence, the US Constitution, the Federalist Papers, Bastiat's The Law. Know the history of USA or you can't support & defend it. Restore America 2012 Ron Paul RonPaul2012dotcom 1835 “Minute” on India written by Thomas Babington Macaulay; A government cannot be wrong in punishing fraud or force, but it is almost certain to be wrong if, abandoning its legitimate function, it tells private individuals that it knows their business better than they know it themselves.
RESTORING THE AMERICAN DREAM: Search for free millions of jobs on the largest #1 job site worldwide, with over 50 million unique visitors and 1 billion job searches per month and is available in more than 50 countries and 26 languages, covering 94% of global GDP. We have jobs in every state county and city in the US. Plus job and resume posting. Find the job that interest you today.
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RESTORING THE AMERICAN DREAM: Search for free millions of jobs on the largest #1 job site worldwide, with over 50 million unique visitors and 1 billion job searches per month and is available in more than 50 countries and 26 languages, covering 94% of global GDP. We have jobs in every state county and city in the USA. Plus you can post jobs and resums.
To get started just Google ( Job Linked To You ) serach for free millions of jobs.
In 1921 the unemployment rate was at 11% with 20% inflation. So what did the Harding admin do? No stimulus packages. Just cut taxes and spending and the recession was halted. Coolidge followed suit and the 20's roared. Now who first sought stimulus packages that failed? Answer: Herbert Hoover.
@syzygy502 Wrong. Unemployment plummetted to 3% under Coolidge from 11% as existed under Harding. That Depression of 1921 was inherited from Woodrow Wilson as he raised taxes to 79% and was stopped in 10 months. That's due to Harding's policies.
From Dec 1929 to June 1930 in fact unemployment decreased from 9% to 6.3%. What happened? Hoover signed the Smoot-Hawley Tariff act into law. That put tariffs on 3600+ goods including heavy taxes on 800 goods.cont...
@Aegius LMAO. Wilson was responsible for the roaring 20s. Harding, Coolidge, and Hoover turned it into the worst economy ever. You are a troll. It is the republicans that were at fault for both the late 10s recession and the Great Depression.
@syzygy502 Under Wilson taxes were increased taxes in the REvenue Act of 1918 to 77%. That brought us the Depression of 1921 where unemployment reached to 11% and inflation to 20%. That was BECAUSE of Wilson's policies. Harding had taxes lowered and spending cut. Top bracket was reduced from 77% to 58% in 1921. Under Coolidge the top bracke was reduced to 24%. Hoover and FDR brought us the Great Depression as described. As for Howard Taft, he considerred himself a Progressive as Hoover did.
@syzygy502 Under Wilson taxes were increased taxes in the Revenue Act of 1918 to 77%. That brought us the Depression of 1921 where unemployment reached to 11% and inflation to 20%. That was BECAUSE of Wilson's policies. Harding had taxes lowered and spending cut. Top bracket was reduced from 77% to 58% in 1921. Under Coolidge the top bracke was reduced to 24%. Hoover and FDR brought us the Great Depression as described. As for Howard Taft, he considerred himself a Progressive as Hoover did.
Wilson brought us the roaring '20s? Uh, the Depression of 1920-1 began under Wilson and ended under Hearding.
I agree w/u that the panic and recession of the early 10's came from Republican policy, specifically Howard Taft, who was a self-described progressive as Hoover was. Again, Republican, yet Progressive.
If you can't handle facts, that's your problem, not mine. Here is a good book for you: "New Deal, Raw Deal" by Burton Folsom, Jr.
@Aegius LMAO @Mellon. He was that Secretary of Treasury under Hoover who Roosevelt went after hard for not paying his taxes. I knew that before reading the book. However, the Schechter case I didn't know before reading the book.
@syzygy502 Mellon began being the Secreatry of Treasury under Harding, who requested advice over what to do about the economy. Mellon determined that if taxes were raised to high, revenue would plummet as ppl would seek to avoid taxes or/and to not engage in economic activity, b/c they would only be providing taxes and not making profits. You gave no reference to that and that was mentioned in the book.
On US vs Schechter Bros, okay, you want gov to directly micromanage business then.
@Aegius Also, I disagree with the decision of the radical Supreme Court during the Depression era. They slowed the process of the recovery. Schehter Bros. should have gone to jail for the rest of their lives.
@Aegius LMAO. Wilson was responsible for the roaring 20s. Harding, Coolidge, and Hoover turned it into the worst economy ever. You are a troll. It is the republicans that were at fault for both the late 10s recession and the Great Depression.
@syzygy502 cont... Other countries responded with tariffs of their own. As goods and services couldn't be sold abroad in various countries, industries sufferred and GDP plummetted and unemployment INCREASED. Hoover also increased the highest income tax bracket from 24% to 63% in 1932. He tried to have gov projects to increase employment and revive the economy. It backfired as unemployment increased further. FDR expanded upon Hoover's policies w/MORE taxes. hoover & FDR were the culprits.
@Aegius Hoover did not for the economy. He lowered taxes for the rich, he took government completely out of the equation and FDR helped the economy tremendously.
Maybe the reason we don't have job growth is because America doesn't produce anything, not because people aren't buying anything. Where are all the jobs Alex? Why doesn't America produce anything Alex, or is that too elementary my dear Watson?
I love 2:27 - 2:41 where this Alex Seitz-Wald manages to say something without saying anything of any substance at all. We don't have job growth because of a lack of demand for what? What's the lack of demand? I don't understand what he's saying there. He's far too vague.
With all of this federal spending and stimulus packages, what do have to show for it, 16.2 % unemployment rate? Does this include people who exhausted their unemployment benefits? What about people living with their parents? We're being brought to third world unemployment levels by the greedy global elitists who want to pin us down to the ground for total control of the population. Not to mention the value of the dollar is diminishing right before our eyes.
How can you blame the "conservative prescription" when so far the federal government hasn't cut a penny of their massive spending. The world has never seen as much spending as we're doing now. The lost jobs in the states are due to rising benefit costs, and falling revenues, that are caused by massive regulations that are sending jobs to Asia. If conservatives are to blame, then why are Conservative Texas and Indiana doing well, while liberal Illinois, Michigan and California falling apart?
"Tax Loopholes" are actually LEGAL tax breaks available to specific people. One such TAX LOOPHOLE is the private mortgage deduction. Homeowners get a TAX LOOPHOLE that renter don't get. But they use this term as though people are cheating the system. Legal tax deductions are not cheats, but are used in sound bites to incite class envy. THE BIGGEST TAX LOOPHOLE is the one where low-income people pay no taxes. The only people who legitimately pay no taxes are NO-INCOME folks!
It works better in some European countries than it does here because they manage it differently, so it could be better with more involvement, because it would mean less hassle for the average patient. But a system where gov't got completely out of the way would be much cheaper, efficient and innovative. I'm just saying socialism is better than fascism but not the free market.
Comparing America to other more socialist nations and saying that they are doing better because they have more socialism is ignoring one enormous factor. Some socialist countries can be managed better than others. So your not arguing against capitalism, you are arguing different ways to manage a nation. America became the wealthiest/ somewhat non-interventionist nation in history before the federal reserve and income tax were ratified nearly 100 years ago.
@VolcanicPenguin Well for example America doesn't have a free market in health care, its partially managed, but if we had universal care it may actually be better than the socialist/fascist system we have, but not better than an actual free market in health care. There are different things gov't can do to make the system they are already managing better, but they should stop managing it altogether.
These dumb ass Private sector employers may have created some jobs, but those are low end jobs or jobs that pay lower than it was before. So that is not worth smiling about. It is pretty bad that employees are losing their public sector jobs, but the only people who are happy about it are slow thinking right-wing Anti-Socialist losers with an IQ of -1 who live in red states!
Austerity hasn't worked for the UK but it has worked for Germany if you want to cherry pick your results you can say anything & still be true. Corporation pay lots in taxes to say they pay nothing is just beyond ridiculous. If we continue working to be a service sector economy our days are numbered but to say we should all be employed by the government is a joke. It is nice to see the real unemployment numbers now how about the real inflation numbers?
@doddsoreric The banking system in the UK seems paralysed by the excesses of the past few years – which is not what you see in France and Germany, says the Deutsche Bank economist. In Germany, especially, banks are not problem-free but people and businesses have not had to correct for any kind of over-borrowing.
@sintruder Not really an answer to my question, but fair point, the economist also had an article on the stimulus spending in Germany and how it worked so well. There have been no real austerity measures passed in Germany so far to my knowledge. Reason, they grew themselves out of debt. The German deficit has been falling from its peak in 2010 and is expected to be back into surplus by 2013. All data that I have seen points to the fact that austerity does not work and ends up in a death spiral.
@doddsoreric Well I would say that they have had real stimulus based in common sense & they don't use Keynesian theory. They also paid businesses to not fire people instead of trying to pick winners & losers. State spending across the board went up 80% during the good times rather than banking for a rainy day. If the gov would work on common sense austerity would be a good thing you could never have me believe there is no fat we couldn't live with out. Growth without cuts is fantasy we need both
Austerity during a boom and spending during a bust is not Keynesian theory now is it? You are 100% incorrect, and only someone who has not looked at Keynesian theory would claim that Germany did not use the theory and is now in the midst of its greatest economic boom since reunification. The fact is your claim of German austerity is false.
@doddsoreric Is that sarcasm? There are an awful lot of economist you need to contact as soon as possible. According to many articles I have read Merkel & Obama had serious disagreements about what should be done during this recession at the G-20. Obama at least publicly uses lord Keynes as what to do where as Merkel did the opposite of what Obama was pushing for. Germany is by far out classing the US on growth.
Merkel is committed to budget cuts, but not during a recession, only during strong growth. This is Keynesian economics in action, the state grows during a bust and shrinks during a boom, with the goal of running a budget surplus for the next bust. Also Obama is more Conservative than most Conservative European leaders.
@doddsoreric That would be great if it were the case. I have seen many booms, government never shrinks. You people love our jerk off & chief at least according to our media. We have spent far more of our GDP on this shit than Germany who's doing better? Keynes works just ask the Japanese. I don't believe you can manage an economy & I don't believe a world war is a solution to a depression.
@sintruder Seems it does, the Japanese have not defaulted have they? Even though they have over 200% of GDP debt. The unemployment in Japan was never bad in the 90s, again thats another great score for Keynes. Obama is more popular than Bush, but that is not hard. People who actually look at his policies (like me) do not like him. He is too right wing. Also you cannot accept the fact you are wrong. Even though you provided evidence for it yourself, the ww2 thing is false also, check out 1937.
@doddsorericThe Japanese have not defaulted because they owned the debt, didn't they? If you want to use unemployment as a reference then the soviet union was a total success. Hitler was almost more popular than Bush. 1937 in which country? Hoover & Roosevelt not believing in capitalism turned a recession in to a world wide depression.Over printing money causes inflation which causes the cost of living to rise, materials rise, & sales go down unemployment goes right along with it.
@doddsoreric You follow Keynes, you can be fucked just as the countries that do will :) check out "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
@sintruder Seen it, seen the second one too, what I would do if I was you is actually read the books the guys wrote. I made my mind up based on evidence, I guess I prefer facts over fantasy.
@doddsoreric That's great, but I didn't form my opinions from watching a couple of music videos. I did the research & I found FA Hayek and Ludwig von Mises fit more what I believe in society than Lord Keynes. Keynes on the destruction of much of the civilized world was the tipping point for me. Just thought you might like the video
@sintruder I do like the video, the second ones crap though, its not as balanced as the first one. You see what I believe is what I can see from evidence. Hayek and Von Mises don't care about normal people. Keynes did and wanted to have a more equal spread of wealth. Thats more what I believe in, it is also the best way to run an economy from the evidence we see now.
We need manufacturing, exporting jobs. Nothing else can replace those. So long as you have no income of cash into the country, all the money is just circulating, and slowly leaking out over seas. Well, more quickly now that 90 percent of all good are from over seas.
Roads, Consturction, n so forth will only do so much. Tarriffs and jobs that bring in cash is the two ways to increase the revenue.
Along with cutting the bottomless magical defence budget, that is nothing but a quicksand pit!
Even if the robots were doing the work, and they were on American soil, producing items and shipping. Well its new loot, also those bots will need to be built, and maintained. Then you have sales crew, QC, Shipping.
Jobs are there! Maybe not as many as a factory a hundred years ago.
The point is they would be here, sending products there, and bringing cash back here.
Technology can take jobs, yet it also can create jobs.
It'd be great to see Alonya do an in-depth piece on 'Technological Unemployment' and put it in terms that 'Regular Americans' can understand :P Take a look at McDonald's in the U.K. outsourcing their cashiers to technology. I have no problem with tech easing all of our lives, but, it's important (I think) that everyone understand what effects on jobs this sort of unemployment can have. Looks like it may be time to shorten the human workday again since we have so much automated help!
This is worse than the Great Depression because at least in the Great Depression,FDR did everything he could such as creating work programs,Social Security and welfare to get America out of the economic slump.
Do people realize how little 18,000 jobs is in a country of this size and production?
Those are depression era numbers, easily. Can you say mega-depression.
We need to blow up the government budget and slash the federal government in half. It's total waste. We should also put cameras in the white house for 24-hour web access, so the people can keep an eye on things. Same thing in the congress building.
Alex Seitz Wald is Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Alex the LIBTURD PINKO Progressive is COMPLETELY WRONG about our state of the economy. He WILL FEEL the WRATH and FURY of GOD HERSELF and have his PUSSY EXPOSED!
Lack of demand huh? I want a million things right now like a yacht, corvette, maybe an airplane, a bigscreen, etc.. the Keynesian 'lack of demand' argument is fallacious on its face.
There is a gap between the value of labor and the products of said labor, that is why there are no jobs. When those two meet back up, there will be hiring.
Unemployment percentage is now about 22%
jonny15dk 2 months ago
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Read the Declaration of Independence, the US Constitution, the Federalist Papers, Bastiat's The Law. Know the history of USA or you can't support & defend it. Restore America 2012 Ron Paul RonPaul2012dotcom 1835 “Minute” on India written by Thomas Babington Macaulay; A government cannot be wrong in punishing fraud or force, but it is almost certain to be wrong if, abandoning its legitimate function, it tells private individuals that it knows their business better than they know it themselves.
possumpistol 3 months ago
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popovar78 4 months ago
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To get started just Google ( Job Linked To You ) serach for free millions of jobs.
robvar83 4 months ago
In 1921 the unemployment rate was at 11% with 20% inflation. So what did the Harding admin do? No stimulus packages. Just cut taxes and spending and the recession was halted. Coolidge followed suit and the 20's roared. Now who first sought stimulus packages that failed? Answer: Herbert Hoover.
Aegius 6 months ago
@Aegius Cutting taxes and spending has never worked.
syzygy502 5 months ago
@syzygy502 Wrong. Cutting taxes and cutting spending worked under Harding and Coolidge. Those are facts.
Increasing taxes and spending as Hoover and FDR did led to the Great Depression.
Aegius 5 months ago
@Aegius Harding, Coolidge, and Hoover all created the Depression. FDR got us out of the recession.
syzygy502 5 months ago
@syzygy502 Wrong. Unemployment plummetted to 3% under Coolidge from 11% as existed under Harding. That Depression of 1921 was inherited from Woodrow Wilson as he raised taxes to 79% and was stopped in 10 months. That's due to Harding's policies.
From Dec 1929 to June 1930 in fact unemployment decreased from 9% to 6.3%. What happened? Hoover signed the Smoot-Hawley Tariff act into law. That put tariffs on 3600+ goods including heavy taxes on 800 goods.cont...
Aegius 5 months ago
@Aegius LMAO. Wilson was responsible for the roaring 20s. Harding, Coolidge, and Hoover turned it into the worst economy ever. You are a troll. It is the republicans that were at fault for both the late 10s recession and the Great Depression.
syzygy502 5 months ago
@syzygy502 Under Wilson taxes were increased taxes in the REvenue Act of 1918 to 77%. That brought us the Depression of 1921 where unemployment reached to 11% and inflation to 20%. That was BECAUSE of Wilson's policies. Harding had taxes lowered and spending cut. Top bracket was reduced from 77% to 58% in 1921. Under Coolidge the top bracke was reduced to 24%. Hoover and FDR brought us the Great Depression as described. As for Howard Taft, he considerred himself a Progressive as Hoover did.
Aegius 5 months ago
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@syzygy502 Under Wilson taxes were increased taxes in the Revenue Act of 1918 to 77%. That brought us the Depression of 1921 where unemployment reached to 11% and inflation to 20%. That was BECAUSE of Wilson's policies. Harding had taxes lowered and spending cut. Top bracket was reduced from 77% to 58% in 1921. Under Coolidge the top bracke was reduced to 24%. Hoover and FDR brought us the Great Depression as described. As for Howard Taft, he considerred himself a Progressive as Hoover did.
Aegius 5 months ago
Wilson brought us the roaring '20s? Uh, the Depression of 1920-1 began under Wilson and ended under Hearding.
I agree w/u that the panic and recession of the early 10's came from Republican policy, specifically Howard Taft, who was a self-described progressive as Hoover was. Again, Republican, yet Progressive.
If you can't handle facts, that's your problem, not mine. Here is a good book for you: "New Deal, Raw Deal" by Burton Folsom, Jr.
Aegius 5 months ago
@Aegius As a matter of fact, I have read that book.
syzygy502 5 months ago
@syzygy502 What did the book say about FDR on civil rights? What did it say of the Schechter Bros case? What did it say of Andrew Mellon?
Aegius 5 months ago
@Aegius LMAO @Mellon. He was that Secretary of Treasury under Hoover who Roosevelt went after hard for not paying his taxes. I knew that before reading the book. However, the Schechter case I didn't know before reading the book.
syzygy502 5 months ago
@syzygy502 Mellon began being the Secreatry of Treasury under Harding, who requested advice over what to do about the economy. Mellon determined that if taxes were raised to high, revenue would plummet as ppl would seek to avoid taxes or/and to not engage in economic activity, b/c they would only be providing taxes and not making profits. You gave no reference to that and that was mentioned in the book.
On US vs Schechter Bros, okay, you want gov to directly micromanage business then.
Aegius 5 months ago
Comment removed
Aegius 5 months ago
@Aegius Also, I disagree with the decision of the radical Supreme Court during the Depression era. They slowed the process of the recovery. Schehter Bros. should have gone to jail for the rest of their lives.
syzygy502 5 months ago
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@Aegius LMAO. Wilson was responsible for the roaring 20s. Harding, Coolidge, and Hoover turned it into the worst economy ever. You are a troll. It is the republicans that were at fault for both the late 10s recession and the Great Depression.
syzygy502 5 months ago
@syzygy502 cont... Other countries responded with tariffs of their own. As goods and services couldn't be sold abroad in various countries, industries sufferred and GDP plummetted and unemployment INCREASED. Hoover also increased the highest income tax bracket from 24% to 63% in 1932. He tried to have gov projects to increase employment and revive the economy. It backfired as unemployment increased further. FDR expanded upon Hoover's policies w/MORE taxes. hoover & FDR were the culprits.
Aegius 5 months ago
@Aegius Hoover did not for the economy. He lowered taxes for the rich, he took government completely out of the equation and FDR helped the economy tremendously.
syzygy502 5 months ago
Maybe the reason we don't have job growth is because America doesn't produce anything, not because people aren't buying anything. Where are all the jobs Alex? Why doesn't America produce anything Alex, or is that too elementary my dear Watson?
cragmac1000 7 months ago
@cragmac1000 Well then start producing stuff.
SpraxIAKS 7 months ago
I love 2:27 - 2:41 where this Alex Seitz-Wald manages to say something without saying anything of any substance at all. We don't have job growth because of a lack of demand for what? What's the lack of demand? I don't understand what he's saying there. He's far too vague.
cragmac1000 7 months ago
Why do people start by saying: "Yeah, I mean, I think, you know" you haven't said anything yet.
cragmac1000 7 months ago
With all of this federal spending and stimulus packages, what do have to show for it, 16.2 % unemployment rate? Does this include people who exhausted their unemployment benefits? What about people living with their parents? We're being brought to third world unemployment levels by the greedy global elitists who want to pin us down to the ground for total control of the population. Not to mention the value of the dollar is diminishing right before our eyes.
VerseInfinitum 7 months ago
How can you blame the "conservative prescription" when so far the federal government hasn't cut a penny of their massive spending. The world has never seen as much spending as we're doing now. The lost jobs in the states are due to rising benefit costs, and falling revenues, that are caused by massive regulations that are sending jobs to Asia. If conservatives are to blame, then why are Conservative Texas and Indiana doing well, while liberal Illinois, Michigan and California falling apart?
Unitas2Berry 7 months ago
When Bush screwed up, they (rightfully) blamed him, when Obama screws up, it's always "not his fault"... Double-standard douches...
Chrijz 7 months ago
@Chrijz you could not have said it better !!!
ataman73 7 months ago
"Tax Loopholes" are actually LEGAL tax breaks available to specific people. One such TAX LOOPHOLE is the private mortgage deduction. Homeowners get a TAX LOOPHOLE that renter don't get. But they use this term as though people are cheating the system. Legal tax deductions are not cheats, but are used in sound bites to incite class envy. THE BIGGEST TAX LOOPHOLE is the one where low-income people pay no taxes. The only people who legitimately pay no taxes are NO-INCOME folks!
davidmcnabb 7 months ago
It works better in some European countries than it does here because they manage it differently, so it could be better with more involvement, because it would mean less hassle for the average patient. But a system where gov't got completely out of the way would be much cheaper, efficient and innovative. I'm just saying socialism is better than fascism but not the free market.
ShatterNWO 7 months ago
Comparing America to other more socialist nations and saying that they are doing better because they have more socialism is ignoring one enormous factor. Some socialist countries can be managed better than others. So your not arguing against capitalism, you are arguing different ways to manage a nation. America became the wealthiest/ somewhat non-interventionist nation in history before the federal reserve and income tax were ratified nearly 100 years ago.
ShatterNWO 7 months ago
@ShatterNWO
managed better why?
VolcanicPenguin 7 months ago
@VolcanicPenguin Well for example America doesn't have a free market in health care, its partially managed, but if we had universal care it may actually be better than the socialist/fascist system we have, but not better than an actual free market in health care. There are different things gov't can do to make the system they are already managing better, but they should stop managing it altogether.
ShatterNWO 7 months ago
@ShatterNWO
What I meant is why can't America have it the same way other countries can, where it actually works better?
VolcanicPenguin 7 months ago
These dumb ass Private sector employers may have created some jobs, but those are low end jobs or jobs that pay lower than it was before. So that is not worth smiling about. It is pretty bad that employees are losing their public sector jobs, but the only people who are happy about it are slow thinking right-wing Anti-Socialist losers with an IQ of -1 who live in red states!
Artist1974CH 7 months ago
her hair looks SO FREAKING PIMP!
juanaguilar45 7 months ago
it was around 22% like 5 months ago ... I'm pretty sure it's not improved
TheAsfaloth 7 months ago
Austerity hasn't worked for the UK but it has worked for Germany if you want to cherry pick your results you can say anything & still be true. Corporation pay lots in taxes to say they pay nothing is just beyond ridiculous. If we continue working to be a service sector economy our days are numbered but to say we should all be employed by the government is a joke. It is nice to see the real unemployment numbers now how about the real inflation numbers?
sintruder 7 months ago
@sintruder Germany went for the largest stimulus package in Europe. Not really austerity now is it?
doddsoreric 7 months ago
@doddsoreric The banking system in the UK seems paralysed by the excesses of the past few years – which is not what you see in France and Germany, says the Deutsche Bank economist. In Germany, especially, banks are not problem-free but people and businesses have not had to correct for any kind of over-borrowing.
sintruder 7 months ago
@sintruder Not really an answer to my question, but fair point, the economist also had an article on the stimulus spending in Germany and how it worked so well. There have been no real austerity measures passed in Germany so far to my knowledge. Reason, they grew themselves out of debt. The German deficit has been falling from its peak in 2010 and is expected to be back into surplus by 2013. All data that I have seen points to the fact that austerity does not work and ends up in a death spiral.
doddsoreric 7 months ago
@doddsoreric Well I would say that they have had real stimulus based in common sense & they don't use Keynesian theory. They also paid businesses to not fire people instead of trying to pick winners & losers. State spending across the board went up 80% during the good times rather than banking for a rainy day. If the gov would work on common sense austerity would be a good thing you could never have me believe there is no fat we couldn't live with out. Growth without cuts is fantasy we need both
sintruder 7 months ago
@sintruder " they don't use Keynesian theory."
Austerity during a boom and spending during a bust is not Keynesian theory now is it? You are 100% incorrect, and only someone who has not looked at Keynesian theory would claim that Germany did not use the theory and is now in the midst of its greatest economic boom since reunification. The fact is your claim of German austerity is false.
doddsoreric 7 months ago
@doddsoreric Is that sarcasm? There are an awful lot of economist you need to contact as soon as possible. According to many articles I have read Merkel & Obama had serious disagreements about what should be done during this recession at the G-20. Obama at least publicly uses lord Keynes as what to do where as Merkel did the opposite of what Obama was pushing for. Germany is by far out classing the US on growth.
sintruder 7 months ago
@sintruder No its basic economics.
Merkel is committed to budget cuts, but not during a recession, only during strong growth. This is Keynesian economics in action, the state grows during a bust and shrinks during a boom, with the goal of running a budget surplus for the next bust. Also Obama is more Conservative than most Conservative European leaders.
doddsoreric 7 months ago
@doddsoreric That would be great if it were the case. I have seen many booms, government never shrinks. You people love our jerk off & chief at least according to our media. We have spent far more of our GDP on this shit than Germany who's doing better? Keynes works just ask the Japanese. I don't believe you can manage an economy & I don't believe a world war is a solution to a depression.
sintruder 7 months ago
@sintruder Seems it does, the Japanese have not defaulted have they? Even though they have over 200% of GDP debt. The unemployment in Japan was never bad in the 90s, again thats another great score for Keynes. Obama is more popular than Bush, but that is not hard. People who actually look at his policies (like me) do not like him. He is too right wing. Also you cannot accept the fact you are wrong. Even though you provided evidence for it yourself, the ww2 thing is false also, check out 1937.
doddsoreric 7 months ago
@doddsorericThe Japanese have not defaulted because they owned the debt, didn't they? If you want to use unemployment as a reference then the soviet union was a total success. Hitler was almost more popular than Bush. 1937 in which country? Hoover & Roosevelt not believing in capitalism turned a recession in to a world wide depression.Over printing money causes inflation which causes the cost of living to rise, materials rise, & sales go down unemployment goes right along with it.
sintruder 7 months ago
@sintruder Oh jeez, just oh jeez.
doddsoreric 7 months ago
@doddsoreric HA HA HA HA Quitter
sintruder 7 months ago
@sintruder There is just so much wrong with that post I really can't be fucked. Its been fun though. :-D
doddsoreric 7 months ago
@doddsoreric You follow Keynes, you can be fucked just as the countries that do will :) check out "Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem
sintruder 7 months ago
@sintruder Seen it, seen the second one too, what I would do if I was you is actually read the books the guys wrote. I made my mind up based on evidence, I guess I prefer facts over fantasy.
doddsoreric 7 months ago
@doddsoreric That's great, but I didn't form my opinions from watching a couple of music videos. I did the research & I found FA Hayek and Ludwig von Mises fit more what I believe in society than Lord Keynes. Keynes on the destruction of much of the civilized world was the tipping point for me. Just thought you might like the video
sintruder 7 months ago
@sintruder I do like the video, the second ones crap though, its not as balanced as the first one. You see what I believe is what I can see from evidence. Hayek and Von Mises don't care about normal people. Keynes did and wanted to have a more equal spread of wealth. Thats more what I believe in, it is also the best way to run an economy from the evidence we see now.
doddsoreric 7 months ago
We need manufacturing, exporting jobs. Nothing else can replace those. So long as you have no income of cash into the country, all the money is just circulating, and slowly leaking out over seas. Well, more quickly now that 90 percent of all good are from over seas.
Roads, Consturction, n so forth will only do so much. Tarriffs and jobs that bring in cash is the two ways to increase the revenue.
Along with cutting the bottomless magical defence budget, that is nothing but a quicksand pit!
Louloe 7 months ago
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deminpig 7 months ago
@deminpig LOL robots hmm lets see 8 D
Even if the robots were doing the work, and they were on American soil, producing items and shipping. Well its new loot, also those bots will need to be built, and maintained. Then you have sales crew, QC, Shipping.
Jobs are there! Maybe not as many as a factory a hundred years ago.
The point is they would be here, sending products there, and bringing cash back here.
Technology can take jobs, yet it also can create jobs.
Plus, its better then none!
Louloe 7 months ago
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hey alyona you relly jumped the shark on the casey anthony story .one death is a tragedy a million deaths is a statistic .your guy said that
rodgercreasy 7 months ago
I heard it was 2.2 Trillion Corporations were sitting under. I don't know the exact number.
ZSwierczynski 7 months ago
It'd be great to see Alonya do an in-depth piece on 'Technological Unemployment' and put it in terms that 'Regular Americans' can understand :P Take a look at McDonald's in the U.K. outsourcing their cashiers to technology. I have no problem with tech easing all of our lives, but, it's important (I think) that everyone understand what effects on jobs this sort of unemployment can have. Looks like it may be time to shorten the human workday again since we have so much automated help!
IntuitiveLeap 7 months ago
This is worse than the Great Depression because at least in the Great Depression,FDR did everything he could such as creating work programs,Social Security and welfare to get America out of the economic slump.
98bigbutt 7 months ago
Do people realize how little 18,000 jobs is in a country of this size and production?
Those are depression era numbers, easily. Can you say mega-depression.
We need to blow up the government budget and slash the federal government in half. It's total waste. We should also put cameras in the white house for 24-hour web access, so the people can keep an eye on things. Same thing in the congress building.
Vote Ron Paul or fuuuhgeddaboudit...
slewofdamascus 7 months ago
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Alex Seitz Wald is Sarah Palin's DICKLESS and BALLESS BITCH and PUSSY! Alex the LIBTURD PINKO Progressive is COMPLETELY WRONG about our state of the economy. He WILL FEEL the WRATH and FURY of GOD HERSELF and have his PUSSY EXPOSED!
ecwaufisxtreme 7 months ago
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The only way that real unemployment goes down to ZERO is to elect Sarah Palin as our next president so she can implement Palinomics!
ecwaufisxtreme 7 months ago
real news
BEARARMZ 7 months ago
Lack of demand huh? I want a million things right now like a yacht, corvette, maybe an airplane, a bigscreen, etc.. the Keynesian 'lack of demand' argument is fallacious on its face.
There is a gap between the value of labor and the products of said labor, that is why there are no jobs. When those two meet back up, there will be hiring.
energytomatter 7 months ago
0th viewer
ytrewq2342 7 months ago
boner
jaygarcia92895 7 months ago