LumberJocks

Progress under Nobama

  • Advertise with us

« back to Coffee Lounge forum

Forum topic by Clint Searl posted 07-08-2012 01:19 PM 1587 views 0 times favorited 64 replies Add to Favorites Watch
View Clint Searl's profile (online now)

Clint Searl

1451 posts in 1014 days


07-08-2012 01:19 PM

Topic tags/keywords: jig

The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration.

The disability ranks have outpaced job growth throughout President Obama’s recovery. While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.

In other words, the number of new disability enrollees has climbed 19% faster than the number of jobs created during the sluggish recovery. (Even after accounting for people who left the disability program because they died or aged into retirement, disability ranks have climbed more than 1.1 million in the past three years.)

And the disability ranks will continue to swell. In just the last month, almost 275,000 put in applications for disability benefits. Experts say that more people try to get on disability when jobs are scarce, and changes to eligibility rules enacted back in 1984 have made it far easier to qualify.

Yes—more people went on the government dole than found jobs, and our president called that progress.

-- Clint Searl....Ya can no more do what ya don't know how than ya can git back from where ya ain't been


64 replies so far

View DocSavage45's profile

DocSavage45

4988 posts in 1495 days


#1 posted 07-08-2012 04:07 PM

The phenomenon is world wide? Didn’t know this was a political blog? Going back to woodworking.

-- Cau Haus Designs, Thomas J. Tieffenbacher

View PineChopper's profile

PineChopper

175 posts in 850 days


#2 posted 07-08-2012 04:41 PM

Environmental wackos, gov regulations, corp greed, and many more reasons has caused American manufacturing to leave this country which means less jobs.
Since the gov has taken money from my pay check for years and years, getting on SS just means I’m getting a small portion of MY money back.

View waho6o9's profile

waho6o9

4917 posts in 1230 days


#3 posted 07-08-2012 07:19 PM

Thank you for posting Clint.

View SCOTSMAN's profile

SCOTSMAN

5361 posts in 2238 days


#4 posted 07-08-2012 07:31 PM

Over here the journalists seem to think he’s doing well under the present conditions.Alistair

-- excuse my typing as I have a form of parkinsons disease

View waho6o9's profile

waho6o9

4917 posts in 1230 days


#5 posted 07-08-2012 07:46 PM

http://www.bbc.co.uk/news/correspondents/briantaylor/

The first video is rather interesting no?

Enjoy the day Scotsman.

View lwllms's profile

lwllms

544 posts in 1935 days


#6 posted 07-08-2012 08:53 PM

Progress? I think it all boils down to economics. It’s easy to remove the emotional political baggage from all this. It all basically boils down to two economic schools of thought. Do you support the ideas of John Maynard Keynes or those of Milton Friedman? Personally, I would prefer the Nation follow Keynesian economics, it has a track record of some success. Reagan, most subsequent Republicans and many Democrats prefer Milton Friedman’s theories. Reagan’s attempt to apply Friedman’s theories took us from being the World’s largest creditor nation to being the World’s largest debtor nation in less than eight years. We’ve gone downhill since while trying to apply Friedman’s austerity ideas. I think it’s time to return to Keynesian policies where a proactive government can stimulate the economy because it works.

View helluvawreck's profile (online now)

helluvawreck

15789 posts in 1520 days


#7 posted 07-08-2012 09:05 PM

I prefer the Austrian School of Economics.

helluvawreck aka Charles
http://woodworkingexpo.wordpress.com

-- If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away. Henry David Thoreau

View helluvawreck's profile (online now)

helluvawreck

15789 posts in 1520 days


#8 posted 07-08-2012 09:18 PM

Austrian economics is based on a system of saving money. The other is based a system of debt. Wealth is created by mining something, growing something, or manufacturing something. We are creating a service economy. When times get hard people can do their own dirty laundry, cook their own hamburgers, cut their own grass. This is where the rubber meets the road. When times get hard service oriented jobs will simply evaporate. We have done a great harm to our ability to create wealth by sending our manufacturing jobs oversees. Wealth is not fiat currency it something that is quite tangible. We will find these things out.

helluvawreck aka Charles
http://woodworkingexpo.wordpress.com

-- If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music which he hears, however measured or far away. Henry David Thoreau

View Jimbo4's profile

Jimbo4

1133 posts in 1416 days


#9 posted 07-09-2012 12:44 AM

More head in the sand hiders of what DUBWA did to us.

-- BELT SANDER: Used for making rectangular gouges in wood.

View patcollins's profile

patcollins

995 posts in 1518 days


#10 posted 07-09-2012 02:27 AM

I am amazed at the people on both sides of the fence that think Bush and Obama are so different. Look at their beliefs, I mean really look at what they have done. They are so similar it’s hard to pick where Bush ended and Obama began. Bush is a very devout Christian, Obama is black and has a better personality that is the extents of their differences.

View crank49's profile

crank49

3421 posts in 1624 days


#11 posted 07-09-2012 02:50 AM

Yes, Keynesian economics make so much sense.
Take from those who have, and give to those who need.
Really stimulates me to work as hard as I possibly can so I can give it to a bunch of dead beats who won’t get off their ass.
Why not just go all the way and foget this half ass approach, just go follow Carl Marx’s philosophy. From each acording to their ability, to each acording to their need.
Oh, wait, that didn’t work out to well for the commies, did it?

Get the damn government out of the way of business, let hard work and innovation earn its just rewards and you will see what this country will accomplish. We could be back below 6% unemployed in less than one term. Regardless what the rest of the “progressive” world is doing. This is not dreaming, it’s been done before.

-- Michael :-{| “If you tell a big enough lie and tell it frequently enough, it will be believed.” ― A H

View PineChopper's profile

PineChopper

175 posts in 850 days


#12 posted 07-09-2012 03:51 AM

lwllms, why would democrats prefer Friedman’s economics?
Milton Friedman was a conservative economic advisor to Ronald Reagan.

View waho6o9's profile

waho6o9

4917 posts in 1230 days


#13 posted 07-09-2012 04:04 AM

+100 for Crank49

Well stated and true my friend.

View lwllms's profile

lwllms

544 posts in 1935 days


#14 posted 07-10-2012 12:53 AM

Wow, I thought maybe we could get past the knee-jerk crap by actually discussing economic policy. Not the case I guess.

Conservative zealots switched to favoring the Austrian economic over Milton Friedman when real-life factors no longer agreed with their beliefs. Wall Street and the financial world doesn’t need regulation, they just crashed the World Economy then ripped off everyone to pay for their greed. Just wait, the Libor scandal will make Madoff look positively penny anti.

It’s too bad people choose to remain ignorant than actually seek facts. Here are is an artilcle about Richard Posner, a very well regarded conservative judge who couldn’t ignore the facts. The second is an article by Judge Posner. You may want to read them should you decide to pull your freaking head from you know where:

http://www.bloomberg.com/news/2012-07-06/who-needs-posner-when-you-have-mises-and-hayek-.html

http://www.tnr.com/article/how-i-became-keynesian

My guess is than most will choose to keep trying to peek through their navels.

View Clint Searl's profile (online now)

Clint Searl

1451 posts in 1014 days


#15 posted 07-10-2012 02:31 PM

lwllms: If there were only one reason to invalidate Keynesian economics and vote this clown out of office it would be this: By Mr. Obama’s economic logic, tax increases matter on middle-income earners but are irrelevant to everyone else. “By the way, these tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth,” as he put it Monday.
But Mr. Obama is demanding tax increases, not tax cuts, and large increases at that. If the Bush tax rates expire as scheduled on December 31, rates on the top two income brackets will jump to 39.6% from 35%, and 36% from 33%. Add the scheduled return of income phaseouts for exemptions and deductions, and the rates go up another two-percentage points—to at least 41% and 35%.

Mr. Obama claims this will merely return rates to what “we were paying under Bill Clinton,” but that’s not true either. It ignores his ObamaCare tax increase of 0.9% on top of the current 2.9% Medicare tax, plus a new 2.9% surcharge on investment income, including interest income.

That’s an additional 3.8% surcharge on investment income, and added to the Bush expirations would take the capital gains rate to 23.8% from 15% today, and the dividend tax rate to about 45% from 15%. In Mr. Obama’s economic world, tax cuts for middle-class “consumption” are good, but low rates to spur saving and investment are bad. This makes no sense because consumption is ultimately the product of saving and investment.

The President dismissed all of this as merely affecting 3% of small business owners. But that includes tens of thousands of the most productive, fastest-growing small businesses—those most likely to hire workers amid a national jobless rate of 8.2%.
Congress’s Joint Tax Committee—not a conservative outfit—estimates that in 2013 about 940,000 taxpayers will have enough business income to meet Mr. Obama’s tax increase threshold. And of the roughly $1.3 trillion in net business income, about 53% will get hit with the higher tax rates.

This is because millions of businesses report their income as sole proprietors and subchapter S corporations that file under the individual tax code. So Mr. Obama wants these businesses to pay higher tax rates than the giant likes of General Electric or J.P. Morgan. Does that qualify as “tax fairness”?

-- Clint Searl....Ya can no more do what ya don't know how than ya can git back from where ya ain't been

showing 1 through 15 of 64 replies

Have your say...

You must be signed in to reply.

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com

Latest Projects | Latest Blog Entries | Latest Forum Topics

GardenTenders.com :: gardening showcase