55
   

AMERICAN CONSERVATISM IN 2008 AND BEYOND

 
 
ican711nm
 
  1  
Reply Sun 3 Jan, 2010 07:15 pm
@cicerone imposter,
Quote:
From American Chronicle:
GOP´s Tort / Malpractice Reform Proposal: All claims against any doctor would have needed to be filed within three years, and it capped damages at $250,000. Their plan says that no matter how bad the malpractice claim was, $250,000 is the cap on the liability. This definitely didn´t sound like an appropriate dollar amount if someone died or was maimed for life through a real malpractice claim…? There is no tort reform such as this in the Democrat´s plan.

FALSE!
CORRECTIONS:
GOP´s Tort / Malpractice Reform Proposal: All claims against any doctor would have needed to be filed within three years, and it capped damages FOR OTHER THAN PHYSICAL & MENTAL DAMAGES at $250,000. Their plan says that no matter how bad the malpractice claim was, $250,000 is the cap on the liability FOR OTHER THAN PHYSICAL & MENTAL DAMAGES.
0 Replies
 
ican711nm
 
  1  
Reply Sun 3 Jan, 2010 07:31 pm
@Diest TKO,
Diest TKO wrote:
Yeah, and most companies wouldn't even exist without grant money from the government. Companies don't invent rockets to go to the moon with no potential for financial gain. We enjoy these facilities because the government buys them. Companies don't provide these things from the goodness of their hearts.

Diest, you need to learn basic economics!

Except when they contribute to charities, companies provide what they provide for profit regardless of whether it's the government or private companies or individuals that purchase what they provide. The employees and inventors in those companies that made/make rockets enjoy the income they made/make regardless of who actually buys those rockets.
parados
 
  2  
Reply Sun 3 Jan, 2010 09:57 pm
@ican711nm,
ican711nm wrote:


Diest, you need to learn basic economics!



Sometimes you do say the funniest things ican.
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 3 Jan, 2010 10:12 pm
@Diest TKO,
Diest, You can bet your bottom dollar, ican 1) doesn't understand economics, and 2) has no idea what he's talking about most of the time.

While those thousands of Americans lost their jobs and homes in 2008, millionaires also became poor.

All this after GWBush's tax cuts.

Quote:
Millions are no longer millionaires
Research report shows the number of American households with $1 million net worth declined 27% last year.


By Ben Rooney, CNNMoney.com staff writer
March 11, 2009: 3:43 PM ET

NEW YORK (CNNMoney.com) -- The financial crisis has weighed heavily on American households, and millionaires are no exception, according to a report released Wednesday.

The number of American households with a net worth of $1 million or more, excluding the value of their primary residence, fell 27% to 6.7 million in 2008 from an all-time high of 9.2 million the year before, according to a report from market research firm Spectrem Group.

"America has a lot fewer millionaires than when this economic crisis began," said George Walper, president of Spectrem Group, in a written statement.


And there's this:
Quote:
www.baltimoresun.com/business/bal-md.millionaires24nov24,0,457853.story
baltimoresun.com
Md. lost nearly 30% of millionaires last year
Comptroller's office offers no explanation

By Laura Smitherman | [email protected]

November 24, 2009
Click here to find out more!

Maryland's chief tax collector reported that the number of millionaires in the state plunged 30 percent last year to the lowest level in four years and that some wealthy residents might have moved.
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 3 Jan, 2010 10:19 pm
This one's a doozy about billionaires:
Quote:
Money losers of 2008: Billionaires who lost billions this year

Posted Dec 24th 2008 12:30PM by Trey ThoelckeTrey Thoelcke RSS Feed
Filed under: Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Dell (DELL), eBay (EBAY), Amazon.com (AMZN), Berkshire Hathaway (BRK.A), Sears Holdings (SHLD), Amer Intl Group (AIG), Oracle Corp (ORCL), News Corp'B' (NWS), Blackstone Group L.P (BX)
More

This post is part of our feature on Money Losers of 2008. See all 20.

There's no doubt about it -- times are tough. People are struggling to find work and to pay the bills as the value of their homes and savings dwindle. The poor get poorer, and the rich get richer.

Or do they? It's all relative, of course, but world's billionaires have been taking some big hits too. We take a look at Sheldon Adelson, Kirk Kerkorian, and Lakshmi Mittal in their own separate posts, but here are some other billionaires who have lost billions this year (courtesy of Forbes and Business Sheet).

* Brothers Anil and Mukesh Ambani of India's private conglomerate Reliance lost $32.5 billion and $28.2 billion, respectively.
* Warren Buffett, the Sage of Omaha, lost $16.5 billion. Shares of Berkshire Hathaway Inc. (NYSE: BRK.A) are down about 32% since the beginning of the year.
* Microsoft (NYSE: MSFT) founders Bill Gates and Paul Allen lost $12.3 billion and $2.6 billion, respectively, while CEO Steve Balmer lost $6.5 billion. Shares of Microsoft are down 46% since the beginning of the year.
* Larry Page and Sergey Brin, cofounders of Google Inc. (NYSE: GOOG), lost $11.9 billion and $11.7 billion, respectively, and CEO Eric Schmidt lost $3.8 billion. The share price of Google has fallen 55% since the beginning of the year.
* Larry Ellison, CEO of Oracle Corp. (NASDAQ: ORCL), lost $8.2 billion. Shares of Oracle are down 21% since the beginning of the year.
* Media maven Sumner Redstone lost $7.2 billion. Shares of his private investment firm National Amusements fell 70% this year.

* Charles Ergen lost $6.1 billion. Shares of DISH Network Corp. (NASDAQ: DISH) have fallen 71% since the beginning of the year.
* Financier and activist investor Carl Icahn lost $5.1 billion. Shares of Icahn Enterprises are down 62% since January.
* Eddie Lampert, chairman of Sears Holdings Corp. (NASDAQ: SHLD), lost $5.0 billion. Shares of Sears are 62% lower since the beginning of the year.
* Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos lost $4.6 billion. Shares of Amazon are down 44% since the beginning of the year.
* Oil and gas magnate Dan Duncan lost $4.1 billion. Shares of Enterprise Products Partners (NYSE: EPD) have fallen 33% since the beginning of the year.
* Media mogul Rupert Murdoch lost $4.0 billion. Shares of News Corp. (NYSE: NWS) are 57% lower since the beginning of the year.
* Stephen Schwarzman, chairman of the Blackstone Group (NYSE: BX) lost $3.8 billion. Shares of Blackstone are down 73% since the beginning of the year.
* Garmin Ltd. (NASDAQ: GRMN) founders Min Kao and Gary Burrell lost $3.4 billion and $2.6 billion, respectively. Shares of Garmin are 80% lower since the beginning of the year.
* Michael Dell, founder and CEO of his eponymous computer company, lost $3.3 billion. Shares of Dell Inc. (NASDAQ: DELL) are down 55% since the beginning of the year.
* eBay Inc. (NASDAQ: EBAY) founder Pierre Omidyar lost $3.2 billion. Shares of eBay have fallen 56% since the beginning of the year.
* Micky Arison, CEO of Carnival Corp. (NYSE: CCL) lost $2.6 billion. Shares of cruise ship operator are 46% lower since the beginning of the year.
* Former American International Group Inc. (NYSE: AIG) chairman and CEO Maurice "Hank" Greenberg lost $2.3 billion. Shares of the bailed-out insurer have fallen 97% since the beginning of the year.
* Apple Inc. (NASDAQ: AAPL) founder and CEO Steve Jobs lost $2.3 billion. Shares of Apple are down 55% since the beginning of the year.
* Steve Wynn of Wynn Resorts Ltd. (NASDAQ: WYNN) lost $2 billion. Shares of the casino and hotel operator are 62% lower since the beginning of the year.
* Oleg Deripaska, Russia's richest man, lost $1.5 billion when he was forced to sell his stake in a Canadian auto-parts company to meet a margin call.

Others who fell off the list of billionaires include Yahoo! Inc. (NASDAQ: YHOO) CEO Jerry Yang, former Citigroup Inc. (NYSE: C) CEO Sanford Weill, former AIG executive Leslie Gonda, AIG executive Ernest Stempel, Wachovia Corp. (NYSE: WB) board member Ernest Rady, and Bank of America Corp. (NYSE: BAC) shareholder Clemmie Dixon Spangler Jr. Here's hoping all the former billionaires can get by as mere millionaires.


I wonder how many jobs they created for Americans?
mysteryman
 
  1  
Reply Mon 4 Jan, 2010 02:41 pm
CI posts 2 different things about the rich losing money, about people losing millions of $.

That directly contradicts his prior claims that the rich are getting richer.

0 Replies
 
ican711nm
 
  1  
Reply Mon 4 Jan, 2010 03:05 pm
@Diest TKO,
Diest posted: Lower taxes for the wealthy just transfer wealth upwards where is stagnates.

Ican posted: The wealth of the rich does not stagnate.

Diest posted: The hell it doesn't. Trickledown is a fairytale.

Ican says: Yes! Trickledown is a fairytale. But Pourdown is not a fairytale. The wealth of the rich and of those people who are growing richer, buy economic growth for all those who work for both the rich and growing rich, and for all those who the rich and growing rich invest in.

Ask yourself what percentage of the typical company's gross income is profit for the company. Whether you believe it or not, that percentage is usually 10% or less. The other 90% or more is invested in other people than the owners of the business. Prosperous companies pay their top executives more than any of their other employees, because their top executives are the ones leading their companies to prosper. If they fail to accomplish that, their companies fail and they lose their jobs.

History reveals that the great majority of the net profits companies make after taxes are invested in the company to buy additional facilites and hire additional employees.

It is true that since 2007 increasing numbers of companies wouldn't even exist without grant money from the government. Such companies instead should have reorganized, obtained commercial loans, or declared bankruptsy. The federal government has been repeatedly proven to be incompetent in making productive investments/grants.

Laugh all you please! Gaining wealth is a positive sum game--not a negative sum game--where people who become lawfully wealthy create more wealth for everyone while they are becoming wealthy, while they are successful in lawfully increasing or maintaining their wealth. Check the growth in the USA's Gross Domestic Product and in the Total USA's Employment.

Quote:

http://www.whitehouse.gov/omb/budget/fy2009/pdf/hist.pdf
(From Table 1.2)
GDP ... 1980 - 2009

……..……$Billion
..............GDP

1980…..2,726.7.............CARTER
1981…..3,054.7…………….. REAGAN
1982…..3,227.6
1983…..3,440.7
1984…..3,840.2
1985…..4,141.5…………….. REAGAN
1986…..4,412.4
1987…..4,647.1
1988…..5,008.6
1989…..5,400.5…………….. BUSH 41
1990…..5,735.4
1991…..5,935.1
1992…..6,239.9
1993…..6,575.5…………….. CLINTON
1994…..6,961.3
1995…..7,325.8
1996…..7,694.1
1997…..8,182.4…………….. CLINTON
1998…..8,627.9
1999…..9,125.34
2000…..9,709.8
2001….10,057.9…………….. BUSH 43
2002….10,377.4
2003….10,808.6
2004…..11,499.9
2005….12,237.9............ BUSH 43
2006….13,015.5
2007….13,667.5
2008….14,311.5 9 (estimated)
2009… 15,027.0 (estimated)............ OBAMA

Quote:

ftp://ftp.bls.gov/pub/suppl/empsit.cpseea1.txt
HISTORY OF TOTAL USA EMPLOYMENT 1980 - 2009

....Total USA Employed.....Change
Carter
1980…… 99,302,000………….. + 7,285,000
Reagan
1984….. 105,005,000…………...+ 5,703,000
Reagan
1988….. 114,968,000…………...+ 9,963,000
Bush I
1992….. 118,492,000…………...+ 3,524,000
Clinton
1996….. 126,708,000…………...+ 8,216,000
Clinton
2000….. 136,891,000…………...+ 10,183,000
Bush II
2004….. 139,252,000…………...+ 2,361,000
Bush II
2008….. 145,362,000…………...+ 6,110,000
Obama
As of October 2009 ....138,275,000.........- 7,087,000



ican711nm
 
  1  
Reply Mon 4 Jan, 2010 05:36 pm
@cicerone imposter,
Cice, you claim: The wealthy, millionaires and billionaires, are losing money, and the non-wealthy are losing their jobs and making less money.

I claim: When the wealthy make more money, the non-wealthy gain jobs and make more money.
0 Replies
 
Diest TKO
 
  1  
Reply Mon 4 Jan, 2010 06:17 pm
@ican711nm,
ican711nm wrote:
Prosperous companies pay their top executives more than any of their other employees, because their top executives are the ones leading their companies to prosper. If they fail to accomplish that, their companies fail and they lose their jobs.


So while the American car industry was going to the shitter, the executives were being fired left and right, huh? You mean, they weren't still making millions and getting fat bonuses?

You're hilarious.

T
K
O
maporsche
 
  1  
Reply Mon 4 Jan, 2010 06:30 pm
@Diest TKO,
It may have worked that way had the government not bailed them out. It's the same with the financial industry. The government just rewarded both industries for their massive failures.
cicerone imposter
 
  1  
Reply Mon 4 Jan, 2010 06:39 pm
@maporsche,
Main street got screwed royally, because the government bailed out the banks and auto companies that rewarded poor management. The banks turned around and had the gall to continue charging customers usury interest rates on credit cards while paying nothing on their checking and savings accounts - then they turned around and started paying bonus with taxpayer money. The banks still haven't acknowledged all the bad loans outstanding on their books, and most of us know that commercial property loans are all sinking like real property. The auto companies got a special deal that other industries with thousands of workers didn't get, and there was nothing fair in the way they got bailed out with taxpayer money.
0 Replies
 
ican711nm
 
  1  
Reply Mon 4 Jan, 2010 08:07 pm
@Diest TKO,
Thanks to the OTCs (Obama's Thiefing Coveters) many top GM and Chrysler executives were retained along with their high salaries. The OTCs intensified the depression by emulating and amplifying Hoover 1931 to 1933, Roosevelt 1933 to 1941, and Bush43 2007 & 2008.
JamesMorrison
 
  1  
Reply Mon 4 Jan, 2010 09:58 pm
@cicerone imposter,
From cicerone imposter's post:
Quote:
From Kaiser Health News:
Republicans Still Opposed Baucus Plan, “Even Though Some Elements Of Their Ideas Are Embedded In The Plan;” Policy Expert: “You Can See The Negotiation Process Here, A Bipartisan Process In This Bill.” Kaiser Health News reported that, “Republicans denounced the Democrats' latest health care proposal"even though some elements of their ideas are embedded in the plan.
"Some elements"? Why those ungrateful Republicans! Indeed, what "elements" were so rejected by Republicans and more importantly: Why? Were they mere half measures so watered down by Dems to be, at best, ineffective? Or were these "elements" purposely inserted into a budget busting pork addled bill that even 'Moderate' conservatives could not possibly accept thereby, setting up Republicans? This quote and the "Policy Expert" are both silent on this.

Quote:
Baucus Proposed Measure To “Allow For The Purchase Of Individual Health Insurance Across State Lines.” Sen. Baucus’ chairman’s mark proposed that, “[s]tarting in 2015, states may form ‘health care choice compacts’ to allow for the purchase of individual health insurance across state lines…. Once compacts have been agreed to, insurers would be allowed to sell policies in any state participating in the compact
Really? Why do citizens need to wait until 2015 with merely the "Hope" that their individual state "may form ‘health care choice compacts’ "? Why can't those individuals in NJ merely sign up with an Ohio insurance firm? What's the need for both some "compact" and state approval? Who agrees (or not) to said compacts, the Feds?

Quote:
The GOP plan would have allowed Americans to purchase insurance across state lines, but it provided nothing for driving down insurance premium costs such as it would have done with a "Public Option". All the ability to purchase across state lines would have done would be to allow the big insurance companies the opportunity to drive out any smaller insurance companies.


This a classic liberal talking point/spin and is invalidated by the answer to a real world question: Given there are about a thousand companies in the U.S. that sell health insurance, why would just one more, administered by the Feds, significantly lower premiums overall? The only real answer that satisfies this question is the same that the liberals don't really want the majority of Americans who have their own health care (and are happy with it) to know: a federally administered single payer system. Additionally, we see the argument that competition among insurance companies would allow these crafty evil entities (who supply a lot of retirement income to oldsters) the chance to realize consolidation and cost reduction thereby helping to lower premiums. I imagine the ultimate concern of the left here is that perhaps this corporate condensation will lead to one big Insurance Monopoly where consumers have no choice. Like, say, a single payer system. In reality, if the government stayed out of this market, such feared market cornering and resultant price increases would encourage competitors to enter the market thereby lowering premiums. Would the lefty's Fed public option and its ultimate mutation, single payer, allow the entrance of a competitor? If not, how would the lefty single payer system keep costs down? Well, we all know now, don't we?

In response to conservatives call for “ the abolition of community rating and guaranteed issue” which would allow individual's more of an A La Carte selection of just the insurance they feel meets their needs and thereby lower individual costs you posted:
Quote:
"From the NYT:
Sen. Baucus “Did Not Win Support From A Single Republican Despite Tailoring His Proposal To Be Less Costly And To Extend To Reach Of Government Less Than Other Health Bills Moving Through Congress.” The New York Times reported that, “[t]he chairman of the Senate Finance Committee on Wednesday unveiled his long-awaited plan to remake the nation’s health care system and insure millions of Americans. But he did not win support from a single Republican despite tailoring his proposal to be less costly and to extend the reach of government less than other health bills moving through Congress…Mr. Baucus’s bill is the least expensive of five major health care bills moving through Congress.” [New York Times, 9/17/09]"
This does not address the above two issues.

Tort reform honestly has been approached wrongly by the conservatives. Savings here do seem initially very small but the left's argument against such reform because those percentage of savings are small is no argument for not enacting tort reform especially given health care's 1/6 share of our economy. I sincerely believe class action suits should be curtailed. I would like to hear those arguments in favor of such that do not involve windfall profits for litigators. Put simply, those individuals who claim damage should have every opportunity to prove so...individually. Should those individuals want to give 6 million dollars, or whatever, of the proceeds of a judgement to their lawyers, so be it. However, the cases should be tried on the merits on an individual basis, period.

Quote:
The GOP proposal wasn't real reform. It was more of a document that the Republicans had to put out just so they could say that they had some sort of health care bill.


This quote of yours puts the lie to your own "Party of No" argument since it is based on the premise of a "GOP proposal". Further, this uses the Dems false assumption that the system needs reform. Republicans have maintained it does not but made honest proposals to improve a system that most Americans like as is.

Quote:
And finally, it's about the money:

The Congressional Budget Office (CBO) issued an analysis of the alternative health care bill from the House Republicans.

The GOP plan would have saved the federal budget deficit $68 billion over 10 years and on average reduce insurance premiums compared to what they would be under current law. This all sounds pretty good, but its success would still have depended on trusting the private insurance companies, which to date has been a total disaster. The Democrat´s bill will save $150 Billion over those same 10 years.


This is revealing. To conservatives and Americans that actually pay taxes and their own debts it’s always about the money. To statists such as Pelosi, Reid, Obama, and Emanuel it’s about gaining more power for themselves by decreasing our individual liberties. This paragraph admits that the GOP plan would save Americans money. The problem the left has is that, God forbid, somebody might actually make a profit providing a service/product that Americans might want and they don't get their piece of the action. ICAN's term 'Coveters' is apt. This has been the left's biggest problem like, forever (see ICAN's latest posts). Insurance Companies now join Big Oil, Big Pharma, etc. The irony that Ican rightly points out is that the very institutions and industries (in a word: BIG) that the left despises are those whose labor and services pay for the left's follies.

Lastly:
Quote:
"The Democrat´s bill will save $150 Billion over those same 10 years."
Well, here's Howard Fineman's (hardly a conservative stalwart)
musings regarding Obamacare's merits in this regard:
Quote:
" The result is a 10-year, trillion-dollar contraption full of political risk and unintended consequences for a health-care system that constitutes one sixth of the economy. Many of the people who will benefit directly from the reforms, the uninsured, don't vote. Insurance premiums will continue to shoot up for most of us; Democrats fret that they will be blamed for those increases in the 2010 elections. Some regulations on the industry kick in immediately, but most don't begin until at least 2013. And yet, to allow the bill to "save" money in the first decade, most new taxes and fees go into effect immediately. "We're collecting money before we're giving all the benefits!" lamented a Democratic senator facing reelection. "That is a political disaster.""


Fineman's column has some sobering information here at: http://www.newsweek.com/id/228951 titled Obama’s Health-Care Gamble
And why he may come to regret it.
Another excerpt:
Quote:
"But the crusade [Obamacare] that is dragging itself toward the finish line doesn't quite feel like a triumph, let alone the launch of a new New Deal. The reasons offered for the undertaking have been ever-shifting. In the campaign, it was about rationalizing the system and saving federal cash; then it was about protecting coverage of the middle class; then about the moral duty to cover the uninsured. By the time Bill Clinton met privately with Senate Democrats on Obama's behalf, it was (in his telling) primarily about the political optics: the need to pass something, anything, to avoid defeat."

Indeed, recently we have seen David Axelrod stooping to the lame plea that after the American people are forced into the system "they will like it". This is classic big government “Trust us, we know what is good for you” talking. Seriously, it’s time these people were forced to spend more time with their families.

JM
cicerone imposter
 
  1  
Reply Mon 4 Jan, 2010 10:54 pm
@JamesMorrison,
JM, That's how congress works; the majority has the power to include or not include recommendations from the other side. News to you, I guess.

Really! If you had studied the reasons for this delay, you might understand what's been going on during the development of this health plan.

The current legislation misses out on many cost savings ideas, but were difficult to implement, because the GOP and some democrats sold their soul to the insurance industry. Tort reform against all the other possible ways to save cost were ignored. What finally came out of congress is not a good health plan by any means, but you can blame that on the democrats and republicans.

The health care system does need reform; it's too bad you are unaware of the escalating cost of health care in this country - that cannot be sustained for very much longer. Our country already spends the most on health care as a percentage of GDP while some 50 million citizens go without or inadequate insurance.

If you have bothered to read and comprehend what I've been saying about the congress' health bill, you would know my position over Howard Fineman's, so what's your point?

0 Replies
 
Diest TKO
 
  1  
Reply Tue 5 Jan, 2010 12:25 am
@ican711nm,
ican711nm wrote:
Thanks to the OTCs (Obama's Thiefing Coveters) many top GM and Chrysler executives were retained along with their high salaries.

So companies having more money didn't mean that they used it to invest in more jobs? You're talking yourself in circles here. Great argument to lower their taxes...

T
K
Rolling Eyes
cicerone imposter
 
  1  
Reply Tue 5 Jan, 2010 11:03 am
@Diest TKO,
They are blind to their own inconsistencies.
0 Replies
 
ican711nm
 
  1  
Reply Tue 5 Jan, 2010 12:49 pm
@Diest TKO,
Diest TKO wrote:
So companies having more money didn't mean that they used it to invest in more jobs? You're talking yourself in circles here. Great argument to lower their taxes...

Due to the interference of OLTICs (Obama's Lying Thieving Insidious Coveters) in much of the free market, the market is a whole lot less free. This reduction of the freedom of the market has decreased the ability of the economic upper class to increase their wealth via purchases and investments. In fact, the wealth of the economic upper class is being decreased by the OLTICs. This wealth decrease has reduced spending and investment by the economic upper class. This reduced spending and investment by the economic upper class has dramatically reduced the wealth of the economic middle class as well as the economic lower class.

Yes, some of the wealthy have been subsidized by the OLTICs to do what the OLTICs want done. Trouble is, what the OLTICs want done not only decreases the freedom of the market, it directs the spending and investment of the subsidized into unproductive activities. This is shown by the US 1980 to 2010 job history (see below). All that's really being accomplished by the OLTICs is they have increased their power over the rest of us.
Quote:

ftp://ftp.bls.gov/pub/suppl/empsit.cpseea1.txt
HISTORY OF TOTAL USA EMPLOYMENT 1980 - 2009

....Total USA Employed.....Change
Carter
1980…… 99,302,000………….. + 7,285,000
Reagan
1984….. 105,005,000…………...+ 5,703,000
Reagan
1988….. 114,968,000…………...+ 9,963,000
Bush I
1992….. 118,492,000…………...+ 3,524,000
Clinton
1996….. 126,708,000…………...+ 8,216,000
Clinton
2000….. 136,891,000…………...+ 10,183,000
Bush II
2004….. 139,252,000…………...+ 2,361,000
Bush II
2008….. 145,362,000…………...+ 6,110,000
Obama
2009….. 138,864,000…………...- 6,498,000 (as of September 30, 2009)
cicerone imposter
 
  1  
Reply Tue 5 Jan, 2010 01:05 pm
ican never can understand spacial ideas about unemployment, because of his total ignorance concerning most subjects.

From the BLS (the link he posted), it shows the percentage of employed dropped during GW Bush's tenure from 64.45% to 62.28%. ican doesn't understand that when the population grows, increasing the numbers of workers must meet both the population growth and those entering into the work force; high school and college grads.

Quote:
2000 (1).................... 212,577 142,583 67.1 136,891 64.4 5,692 4.0 69,994
2001........................ 215,092 143,734 66.8 136,933 63.7 6,801 4.7 71,359
2002........................ 217,570 144,863 66.6 136,485 62.7 8,378 5.8 72,707
2003 (1).................... 221,168 146,510 66.2 137,736 62.3 8,774 6.0 74,658
2004 (1).................... 223,357 147,401 66.0 139,252 62.3 8,149 5.5 75,956
2005 (1).................... 226,082 149,320 66.0 141,730 62.7 7,591 5.1 76,762
2006 (1).................... 228,815 151,428 66.2 144,427 63.1 7,001 4.6 77,387
2007 (1).................... 231,867 153,124 66.0 146,047 63.0 7,078 4.6 78,743
2008 (1).................... 233,788 154,287 66.0 145,362 62.2 8,924 5.8 79,501

0 Replies
 
cicerone imposter
 
  1  
Reply Tue 5 Jan, 2010 01:12 pm
This chart better represents what happened between Bill Clinton and GW Bush:

Quote:
President Jobs created Jobs at end of term Jobs at start of term Payroll expansion Jobs created per year in office Population growth Percent change in population
George W. Bush 3.0 million 135.5 million 132.5 million 2.3% 375,000 22.0 million 7.7%
Bill Clinton 23.1 million 132.5 million 109.4 million 21.1% 2,900,000 25.2 milli
0 Replies
 
parados
 
  2  
Reply Tue 5 Jan, 2010 01:34 pm
@ican711nm,
You continue to misuse the figures ican in claiming Obama lost a certain number of jobs. If you want to claim a specific number, then you have to use the monthly figures for start and end, not compare the yearly average to the monthly average. This was pointed out to you before. You really shouldn't call others liars in a post you in which you are obviously lying. (Doing it once is a mistake. Repeating it after you have been told you are incorrect makes it a lie.)
 

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