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Thread: WH is Only Telling Half the Story About What Happened to American Jobs

  1. #31
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Babba View Post
    That's not true. Food stamps, Medicaid, etc. do help keep people from falling between the cracks. But, they don't address the causes of the growing income inequality. Barring corporations from financialization and raising taxes on the wealthy are the two things that would bring it back into line. It would also help with the debt and the deficit.
    the problem is the last 8 years we have allowed MILLIONS to access welfare that did not need welfare. Thus 10 trillion dollars in the hole and not one damn thing to show for it. Really we have done it since 1965.. last 8 years the increase has exploded

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    Quote Originally Posted by TNVolunteer73 View Post
    If you take the economy in totality bush's Economy over his 8 years was a better economy than the 8 years of Obama.
    Holy moly!
    Thanks from Blues63

  3. #33
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    Quote Originally Posted by mtm1963 View Post
    advocating more government spending/programs doesn't change the fundamental situation of income inequality.

    if it did the situation would have been solved already.
    Depends on where government is spending the money.

  4. #34
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by labrea View Post
    Depends on where government is spending the money.
    and during Harding Truman Kennedy Reagan Clinton and Bush the money was spent in the right places. (With Exception of the 2007 medicare expansion it was too much for too little, that is what Bush got for letting Kennedy write most of the bill, And TARP.)

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    Quote Originally Posted by mtm1963 View Post
    it doesn't solve the problem. it's a band aid.

    throwing tax payers dollars at income inequality isn't solving the problem.

    what happens when you give the federal government more money? spending increases and deficits get bigger.
    Of course throwing tax dollars at Foxconn is sound conservative economics.
    Last edited by labrea; 31st July 2017 at 08:10 AM.

  6. #36
    Cat-tastic Babba's Avatar
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    Quote Originally Posted by mtm1963 View Post
    it doesn't solve the problem. it's a band aid.

    throwing tax payers dollars at income inequality isn't solving the problem.

    what happens when you give the federal government more money? spending increases and deficits get bigger.
    I agree that it's not solving the problem. My point is that it keeps people from starving and going without health care until the cause is addressed.

    Yes, if we stopped the financialization of corporations it would probably mean more jobs and higher wages. That would definitely mean fewer people need those services. But just getting rid of those programs without dealing with the cause of the need for the programs isn't the answer. That's just cruel.

  7. #37
    Cat-tastic Babba's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    the problem is the last 8 years we have allowed MILLIONS to access welfare that did not need welfare. Thus 10 trillion dollars in the hole and not one damn thing to show for it. Really we have done it since 1965.. last 8 years the increase has exploded
    There are fewer decent paying jobs. Most of the households that receive food stamps, for example, have working adults in the home. A big point of the OP is that the deregulation since the 1980s has meant fewer jobs and the existing jobs are experiencing stagnant wages. What we have to show for food stamps is that fewer people go hungry and with Medicaid more people get health care. If those programs didn't exist it wouldn't mean there would be more good paying jobs. It would simply mean more people going hungry and fewer people getting health care.

  8. #38
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Babba View Post
    There are fewer decent paying jobs. Most of the households that receive food stamps, for example, have working adults in the home. A big point of the OP is that the deregulation since the 1980s has meant fewer jobs and the existing jobs are experiencing stagnant wages. What we have to show for food stamps is that fewer people go hungry and with Medicaid more people get health care. If those programs didn't exist it wouldn't mean there would be more good paying jobs. It would simply mean more people going hungry and fewer people getting health care.
    Yes they are, over the last 8 years, employers were hiring people for 28 hours or less. (Hmm wonder what regulation caused that trend?)

    But since Trump has started to repeal many regulations, 1,200,000+ people have had their 28 HOUR or less jobs, UPSIZED to 40 hour or more jobs.

    that is very verifiable with the U6 unemployment rate dropping from 9.4% to 8.1% since January.

  9. #39
    Cat-tastic Babba's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Yes they are, over the last 8 years, employers were hiring people for 28 hours or less. (Hmm wonder what regulation caused that trend?)

    But since Trump has started to repeal many regulations, 1,200,000+ people have had their 28 HOUR or less jobs, UPSIZED to 40 hour or more jobs.

    that is very verifiable with the U6 unemployment rate dropping from 9.4% to 8.1% since January.

    He was correct. From November through April, the figures available at the time, U.S. businesses added 986,000 net new jobs. The figure was higher when he spoke, before the Bureau of Labor Statistics revised down job growth for March and April the next day.

    But that private-sector job growth was less than the 1.16 million the sector added from November 2015 through April 2016.

    The unemployment rate has declined under Trump to 4.3% in May from 4.8% when he took office. The latest figure is the lowest since 2001 and Trump noted that in a tweet on Sunday.

    But the decline in May was largely for the wrong reason — about 429,000 people dropped out of the labor force.

    During the presidential campaign, Trump criticized the declining unemployment rate (it had been 10% in October 2009) as not reflecting the true state of the economy.

    In a speech in August, Trump called the then 4.9% unemployment rate at the time “one of the biggest hoaxes in modern politics” because it didn’t take into account the number of people who had dropped out of the labor force.
    Trump touts 'great jobs numbers' that aren't actually so great - LA Times

    The reality is that presidents don't really have much effect on employment and nothing Trump has done has changed that. He is not responsible for the good or the bad.

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    Quote Originally Posted by Babba View Post
    Actually, the most successful economies are mixed economies.
    Agree.
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