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(CNBC)   "With yet another month of weak employment growth, the second quarter marks the worst three-month period in two years." The lucky ones need to get used to saying, "Would you like fries with that?"   (cnbc.com) divider line 6
    More: Sad, The Hold Steady, employment growth, smart growth, economic growths  
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466 clicks; posted to Business » on 06 Jul 2012 at 10:40 AM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-06 07:56:04 PM  
1 votes:

YixilTesiphon: HMS_Blinkin: YixilTesiphon: LouDobbsAwaaaay: We know what causes the anemic growth. The only remaining question is if we'll manage to overcome the absurdity of supply-side corporate theft economics in time to do anything about it.

Well, how do you propose to do that?

Re-enact all of the financial regulation put in place after the great depression that we got rid of in the 80s and 90s, most notably glass-stegall. Return the top marginal income tax rate to where it was before the bush tax cuts. Increase corporate taxes but increase corporate tax breaks for investment inside the USA (new buildings/factories, hiring). Use increased tax revenues to fund infrastructure, education, etc.

Basically, invest in the middle class and force the banks/corporations to do the same.

Will any of that lead to a debt level that doesn't crowd out private investment?


They don't need the American middle class anymore. They got China and India now. Hell even Brazil has a growing middle class now. America is nothing more then middle managers of the world. Middle managers are always the next to go after workers.
2012-07-06 04:57:57 PM  
1 votes:

Edward Rooney Dean of Students: Propain_az: I don't know how to prove it, but this is clearly Bush and Romney's fault. President Obama is doing the best he can, but these dang right-wing fools will not stop muddling in his business.

It's funny, I know you're being sarcastic, but I hear that excuse ALL THE TIME from Obama supporters. "He's doing his best, blah, blah blah...". Ok, fine. If he really is doing his "best", is he just not very good in the first place? Maybe his "Best" isn't good enough? It's kind of like the old Bush canard where he's either an idiot or an evil mastermind. Can't be both.


Bush was an idiot puppet of the evil mastermind that was "I'm my own branch of government, eat a bag dicks the Constitution." Dick Cheney. How hard is it understand that. However thinking critically isn't a conservatives strong point so I will forgive you. Obama did what anyone else would have done given the circumstances of expansion of power of the executive branch. There's not much he can do to a relieve a thirty plus year decline of the USA influence economically, militarily, and politically in a post cold war era. Not with the gridlock of congress and our inability to innovate our government and economy because we are afraid to change in a very complex world. Even the most conservative of progressive legislation Romney-Obama-care (which was the conservative legislation answer to hilary-care in the 90s) was meet the howls of the uninformed crying socialism like a 5 year old girl who dropped their ice cream cone. All this is do to large part the post WWII generation inherit selfishness that only thinks about the welfare of the individual and can't see past themselves to society as a whole.
2012-07-06 02:31:33 PM  
1 votes:

YixilTesiphon: LouDobbsAwaaaay: We know what causes the anemic growth. The only remaining question is if we'll manage to overcome the absurdity of supply-side corporate theft economics in time to do anything about it.

Well, how do you propose to do that?


Re-enact all of the financial regulation put in place after the great depression that we got rid of in the 80s and 90s, most notably glass-stegall. Return the top marginal income tax rate to where it was before the bush tax cuts. Increase corporate taxes but increase corporate tax breaks for investment inside the USA (new buildings/factories, hiring). Use increased tax revenues to fund infrastructure, education, etc.

Basically, invest in the middle class and force the banks/corporations to do the same.
2012-07-06 01:31:22 PM  
1 votes:
We know what causes the anemic growth. The only remaining question is if we'll manage to overcome the absurdity of supply-side corporate theft economics in time to do anything about it.
2012-07-06 11:15:34 AM  
1 votes:
And yet, myself and everyone I know professionally, which is probably about 100 people (thanks linkedin!) are all prospering fine, employed, have had raises or better career choices lately than we were having 5 years ago.

Why is that, well, golly, it might have something to do with winding down the wars, with putting money into the economy instead, with a return to sober competent economic leadership. We didn't get prosecution of banking leaders from the bubble burst, and we didn't really get reform, but over all I know of nobody, literally, who was better off under Bush than they are now.

Seattle is seeing construction cranes returning to downtown. During the bust, they were all gone. We're back up to 6 or 7. During the boom it was as many as 15, but some of that was fraud dollars based on the housing bubble. but consider 6 projects right now I can see being built all over the north end of downtown or surrounding neighborhoods. This looks like we're sort of thriving again, very welcome to see.
2012-07-06 10:45:32 AM  
1 votes:
So how many straight months of private sector job growth in a row does this make after taking over an economy shedding 700 to 800k jobs?
 
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