Ray From Cleveland
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- Aug 16, 2015
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NO! QE was not doing that. QE was the Fed lending banks money for them to then lend out to business and consumers. Instead, those banks took the money and gave it to corporations who didn't need it, or kept it for themselves. The whole reasoning behind QE is trickle-down, supply-side economics. Giving to those at the top, and relying on faith that they will trickle-down. They didn't.
No, the government buys treasury bonds and mortgage backed securities. The effects of the stock market are an image of what happens when this takes place:
How does quantitative easing in the U.S. affect the stock market?
These are easily found in the BLS, which is where I got them. What you must do is provide your sources for your claims that the jobs Obama created were part-time jobs. But I'll save you the time; no such data exists because it isn't true.
Here's BLS on Full-time employment:
January, 2009: 115,818,000
January 2017: 124,705,000
+8,887,000
Here's the Fed on Part-time employment:
January 2009: 26,377,000
January 2017: 27,405,000
+1,028,000
So which is more?
Your full-time link didn't work. Your second stated what you said, however it was still an huge increase since the Bush years:
Right...the Republican plan for everything is to pretend it doesn't exist. You cut food stamps, then you cut the number of people on food stamps. Only, those people still gotta eat. So you haven't solved the problem. You've avoided it completely either because you're too ignorant or too lazy.
If you want fewer people on food stamps, raise wages. Food stamp amounts are determined by income. So if you make a shitty wage, you qualify for food stamps. The more you make, the less you qualify. You get that, right? The solution to your whining and posturing is very simple; raise the minimum wage. Doing so would move millions off food stamps and/or reduce the amount they get.
No, completely wrong. If you raise minimum wage, the loafers only work less hours to keep their benefits.
I work in industry. I talk to all kinds of business owners and supervisors. Some of them only use temp agencies. They do this to fluctuate their workforce and it enables them to try out employees before they hire them.
Most that I've talked to stated that when they need the temps to work overtime, they refuse. Why? Because (as you stated) the more they work, the less government goodies they get. So for them, it's like working for free.
I evicted a family a couple of years ago. When I noticed problems, I addressed them about it. This was a family of four: an unmarried couple with a 12 year old and a 3 year old.
He refused to work anymore than 40 hours a week. She stayed home and supposedly home schooled the children even though she was as dumb as an ox. Anyway, I suggested that in order to catch up on rent, she could get a part-time job on the weekends while he could stay home with the kids.
They didn't even consider it. Why? Because she was getting $250.00 a month on food stamps. So I took him to court, evicted them, and now it's on his record for many years to come.
The point is, social programs do not help people because it discourages them to work. You are correct on one thing, and that is people have to eat. But nobody ever starved because they got kicked off of food stamps. They go to work instead and make their own money to eat like most other Americans.
Because Boomers started retiring. Duh. They were the largest part of the workforce. Now, that large workforce is retiring, so of course the labor participation rate dipped. This is an example of the kind of disingenuous arguments Conservative make. You choose to withhold details that are detrimental to what we're discussing. I think you make that choice deliberately because, gosh, you just have to preserve your ego.
Hmm. So it seems, the baby boomers must have stopped retiring.
Now take notice when the participation rate leveled off. It was during the reduction of our fuel prices thanks to fracking. DumBama had nothing to do with that, in fact, drilling permits decreased while he was in office.
Not because of Obamacare, but because of trickle-down. Wages weren't rising during Bush the Dumber. And wages started rising at higher rates the final two years of Obama's term, when Obamacare was in full effect, not before it. Yeah, maybe wages stagnated during 2010 and 2011, but they sure as shit didn't stagnate in 2015 or 2016, and by that time, Obamacare had been law for 5-6 years, and the exchanges had been around for 2-3.
But again, that has nothing to do with Commie Care or Obama. It was the extra money we saved from reduced fuel prices: gasoline, natural gas, electricity, all of it.
So Ray...I don't think you really know what you're talking about. You say that most places have competition on technology, which is an important caveat you left out of your original thought. When it comes to who offers you cable/internet service, you do not have competition and free choice because the cable/telecom companies colluded to carve up the United States in order to maintain market share:
There is no evidence of that. Providers are expanding all the time. Just because you can't get U-Verse in your area doesn't mean it's not coming.
We all fight with our internet/ television providers. They put you on a contract for a year or two, then raise prices. When you threaten them by saying you will try out another competitor, they reduce your rates. How can that be collusion?
So you say in order to prepare for the future, people need an education. But you also say that it is incumbent on those people to pay for their own education, that you just said they needed to prepare for the future. And you realize that not paying off student loans until you're 40 doesn't help the economy or your prospects. Because of these massive student loans people have because you've told them they need an education in order to earn in the workforce, those people delay things like starting a family and buying a home because of the debt burden they have. So how is that a solution to our economy or employment, if getting an education means you have to delay owning a home, getting married, or having kids? Employers also now look at your credit history and debt load when they hire you too. So if they're seeing you have hundreds of thousands of dollars in debt, they may be less apt to hire you even if you are qualified.
I just offered one solution. As I stated, you can join the military and get college benefits. You can join a religious organization that offers discounts on advanced education.
You can work and take classes as you can afford them. If you borrow, it may only be 20 or 30 grand which most employers would overlook.
So it would seem the more time you spend in schools, the more money you make. Unless you're going to deny the plain facts in front of you. If you want everyone to reach their full potential, why are you handicapping people who come from low-income households? That sounds like the opposite of what you believe, TBH.
How am I handicapping low income households? Anybody can apply for government loans: rich, poor, middle-class. It's less the money for the poor than it is the GPA. Our primary education is in a mess mostly because we have public schooling. The other problem is single-parent homes which are directly proportional to poverty. Single parent homes with a working mother are less likely to be involved in their child's education. Throw them on the buss and it's the teachers problem.
OK...I agree with that. So what do we do about it? You seem to think education and training are the answer. OK. So who pays for it? You're going to make it incumbent on the worker to pay for their own education and training, yet you've just said they can't earn until they have a job. So it's a total Catch-22 that I don't think you even realize. It sounds to me like you would support free public colleges and trade schools, since that's how you educate people. Is that what you support? If so, great! But who pays for it?
Advanced education is an investment like any other. An investment is where you take your own money, put it somewhere where it creates more money, and be ahead of the game by getting back your money plus a profit.
Why is college so expensive? Because it works like any other business: supply and demand.
The more supply and less demand, the lower the cost. The more demand and less supply, the higher the cost. So there is no way I'm for government funding of more demand. Not only would that increase the cost, but it would be a taxpayer burden; not a great idea when you have a country 20 trillion in debt.
Ummm...diversified economy means an economy that doesn't focus on a narrow set of objectives as you've defined it.
What narrow objectives?
I thought we were discussing growth. You're now moving the goalposts. But OK...profit growth and company growth aren't one in the same and are actually mutually exclusive things. You can increase your company's profits while not increasing its sales. You do that by either increasing the price of whatever it is you produce, or by cutting costs (workforce, primarily). Cutting costs and increasing prices doesn't increase sales, however, and may actually harm them. You talked about how QE was all this inflated growth, yet here you are, arguing that inflated profits by way of cost cutting and price increases isn't artificial. When it totally is!
A companies growth is determined by spending vs income. If a company brings in 2 billion dollars a year, but spends 1.7 billion dollars a year, that is insignificant growth. Another company might bring in 5 million dollars a year, but spend only 2 million dollars a year. That's enough growth to attract investors.
Even if the second company maintains their sales, they are a much more attractive investment than the first company even if they increase sales slightly.