Obama; The private sector is doing fine

Originally posted by CALGARIAN
so let's say 9, instead of 8.9...

So you mean to tell me, only 9 per 100 Americans are out of work?

Sounds like bull# to me.

The number only reflects those collecting unemployment.

Not those who have given up, not those who have run out of time, not those who have taken part time work.

Originally posted by SaturnFX

Originally posted by beezzer
Instead, by reducing taxes on those that hire, he could create an environment so people could hire more, spend more on advertising etc.

Why hire unless there is more demand?
What creates demand? marketing
But with high unemployment numbers, people are being thrifty...advertise all you want, a unemployed person isn't going to buy.

No, public sector must grow first to ignite the economy...then shave it down slowly over time as the bubble grows. If you don't see the economic logic in this, then you never owned a business...no demand = no supply..and employers aren't in the habit of hiring unnecessary people just for the hell of it...cause they got a tax break and want less profit to store in a bank...

Public sector hiring requires tax payer dollars.

A dwindling resource because the private sector needs the boost!

Breaker Breaker !


Obama says that it is "Absolutely Clear that the economy is not fine" (June 8, 2012)



Now the blame game and finger pointing;


from real Clear politics;

"It's absolutely clear the economy is not doing fine," President Obama said at the White House shortly after declaring "the private sector is doing fine" at a press conference Friday morning. That’s the reason I had a press conference. That’s why I spent yesterday, the day before yesterday, this past week, this past month and this past year talking about how we can make the economy stronger. The economy is not doing fine. There are too many people out of work. The housing market is still weak, too many homes underwater and that’s precisely why I asked Congress to start taking some steps that can make a difference.”

Obama Backtracks

from The Hill;

Hours after saying the private sector is “doing fine,” President Obama on Friday walked back those remarks, saying it’s “absolutely clear” the economy is not fine.

Obama corrected himself at an Oval Office press availability just hours after making the original remark to reporters in the White House briefing room during an impromptu statement and press conference.

The verbal gaffe offered a political gift to Republicans and capped a miserable week for the president, who was on the losing side of Wisconsin’s recall election and saw his campaign beaten in fundraising by Republican Mitt Romney for the month of May.

Obama walks back comment about private economy 'doing fine'

reply to post by xuenchen


Right now, Obama is watching "Independance Day" and wishing that would happen so people would forget.

Breaking:

Obama says the economy is not doing fine which is an admission the last 3 years have been an abject failure.

Oh and since Obama blamed Bush for all that spending that means Bush get's all the credit for obamas job creation.

Can't have it both ways people!!!

No matter how much they think Obama walks on water he is the worst Potus since carter..

reply to post by beezzer


A good write-up from dave Weigel (the only honest, moderate Republican in the media) on this out-of-context non-issue:

The video, shockingly, cuts out right before Obama mentions the public sector. Trivia question: Does the unemployment rate include public sector as well as private sector jobs? Indeed, it does! But explaining this takes some time. It's easier to pretend that the president doesn't care about the private sector, and unemployment, and hope that the media runs with the zinger instead of explaining some pretty rudimentary macroeconomics.

www.slate.com...

Obama's actual words:

We've created 4.3 million jobs over the past 27 months. Over 800,000 just this year alone. The private sector is doing fine. Where we're seeing problems is with state and local government, often with cuts initiated by governors or mayors who are not getting the kind of help they're accustomed to from the federal government.

Originally posted by stanguilles7
reply to post by beezzer

 

A good write-up from dave Weigel (the only honest, moderate Republican in the media) on this out-of-context non-issue:

The video, shockingly, cuts out right before Obama mentions the public sector. Trivia question: Does the unemployment rate include public sector as well as private sector jobs? Indeed, it does! But explaining this takes some time. It's easier to pretend that the president doesn't care about the private sector, and unemployment, and hope that the media runs with the zinger instead of explaining some pretty rudimentary macroeconomics.

www.slate.com...

Obama's actual words:

We've created 4.3 million jobs over the past 27 months. Over 800,000 just this year alone. The private sector is doing fine. Where we're seeing problems is with state and local government, often with cuts initiated by governors or mayors who are not getting the kind of help they're accustomed to from the federal government.

edit on 9-6-2012 by stanguilles7 because: (no reason given)

Obama had an "epic fail" moment. No amout of downplay is going to change that. Liberal pundits like yourself and Ben Smith are struggling to find the meme that'll work to salvage Obama's career.

Good luck

Originally posted by beezzer
Liberal pundits like yourself and Ben Smith are struggling to find the meme that'll work to salvage Obama's career.

Oh for the love of Derp. Dave Weigel is a Republican FFS, not a liberal.

But you have just proven incapable if intelligent, honest debate.

reply to post by stanguilles7


*yawn*
69K new hires in April.

GDP at 1.6%

Gonna try and throw sunshine up my butt?

reply to post by beezzer


I'm not arguing for or against your clearly Republican-born partisan talking point. My interest is not in perpetuating the false dichotomy of RvD debate. I'm merely offering some CONTEXT and the insight of one Republican who rejects this meme. If you choose to ignore that in favor of spouting some Republican talking points, that's your choice. But it further solidifies how deeply your own partisanship runs. Remember that next time you pretend to not be a Republican.

You actually responding to what I posted and not some sort of knee-jerk partisan MadLib might warrant a response. But not this partisan tripe you push like a dealer on the corner.

Originally posted by stanguilles7
reply to post by beezzer

 

A good write-up from dave Weigel (the only honest, moderate Republican in the media) on this out-of-context non-issue:

The video, shockingly, cuts out right before Obama mentions the public sector. Trivia question: Does the unemployment rate include public sector as well as private sector jobs? Indeed, it does! But explaining this takes some time. It's easier to pretend that the president doesn't care about the private sector, and unemployment, and hope that the media runs with the zinger instead of explaining some pretty rudimentary macroeconomics.

www.slate.com...

Obama's actual words:

We've created 4.3 million jobs over the past 27 months. Over 800,000 just this year alone. The private sector is doing fine. Where we're seeing problems is with state and local government, often with cuts initiated by governors or mayors who are not getting the kind of help they're accustomed to from the federal government.

edit on 9-6-2012 by stanguilles7 because: (no reason given)

The problem with Weigel's analysis (and Obama's) is the assumption that "public sector employment" is the solution to getting our economy back on track.

While we need the labor that government employees perform for us, the fact is that they don't actually create anything directly that contributes to the economy. They consume gasoline when they mow the public parks, or respond to 9-1-1 calls, or educate us; but those things don't enlarge the economy. They are more akin to infrastructure expenses.

I say this only because, as government-directed activity, the public sector is by definition does not participate in the marketplace. So, while we need cops and teachers and city services, having them will not exponentially grow or repair the economy. Having employers compete for employee labor, and compete for the consumer's dollar, leverages money that gets spend in turn on expanding the economy even more.

Think of it this way. The guy who mows the city park gets paid a certain amount. As long as he does it well enough to not get fired, everybody is fine.

Now compare that with the guy you pay to take care of your own lawn. He tries to charge less, and have you be more satisfied, so that he can cut into his competition. He is looking for newer, more efficient equipment, he is advertizing, he is scrutinizing how long his workers take to mow your yard, and he is looking to be "greener." All of his choices are at work in the marketplace. He is rewarding the makers of improved machinery, and the employees who deliver the best work. He is driven by economics to excel. Ultimately, if he is successful, he may become wealthy, and even franchise his business, growing the economy more and more.

Public sector jobs are important, but they won't get this country back on track by themselves. They CAN improve the quality of civil society, and are valuable. But they won't end a recession, even on a massive, Keynesian.scale. Only free market economic activity will do that.

So, while Mr. Obama worries that governors are laying off workers, he is misguided when he thinks the Feds should be giving tax dollars to the states to pay the hired help.

Those governors would be able to pay their OWN employees, if the economy were actually improving....

Originally posted by beezzer
reply to post by stanguilles7

 

*yawn*
69K new hires in April.

GDP at 1.6%

Gonna try and throw sunshine up my butt?

GDP is at 1.9%.

Still a terrible economy. -- s t a g n a t i o n -- + -- i n f l a t i o n -- =

- s t a g f l a t i o n -

President Clinton calls it another recession.

Those 6 six words just ended Obamas presidency.

-- The private sector is doing fine. --

www.shadowstats.com...
Not to critisize Beeze...
shadow stats puts the real unemplyment at about 23 percent
then you have the pensioners..and likewise non employables

who is actually working?

look out here comes Rmoney...errr...Renemy.... Ruinme...ummmm ....moRe of thesameny

Originally posted by beezzer
reply to post by Beanskinner

 

Corporate tax rates are through the roof!

U.S. Corporate Tax Rate To Be Highest In The Developed World

www.huffingtonpost.com...

unfortunately so are the loop holes that enable them to not have to pay much if anything. you can raise the taxes all you want but if you give them the needed loop holes what's it matter, just ask GE how them taxes are doing.

Originally posted by LittleBlackEagle

Originally posted by beezzer
reply to post by Beanskinner

 

Corporate tax rates are through the roof!

U.S. Corporate Tax Rate To Be Highest In The Developed World

www.huffingtonpost.com...

unfortunately so are the loop holes that enable them to not have to pay much if anything. you can raise the taxes all you want but if you give them the needed loop holes what's it matter, just ask GE how them taxes are doing.

edit on 11-6-2012 by LittleBlackEagle because: (no reason given)

Good point. GE paid - zero - because they hired an army of tax attorneys.

We should bring on the Herman Cain 9-9-9 plan.

Simple question. Why are State and local tax revenues DOWN? If the Private sector is doing as well as Obama blindly thinks?? See what happens when Obama speaks off the cuff!!! Bring in the damage control and the fancy graphs!!

Originally posted by SaturnFX

Originally posted by beezzer
Wouldn't the Bush chart record military buildup while the Obama chart shows military drawdown?

You think Obama has reduced military spending and employees? heh


it -should-...but no...the military is more or less untouched so far...which is in my opinion not really a campaign promise broken, but it is an ideal from the left that is ignored.

look, everyone knows that the republicans are looking for every little scrap of criticism of the president that they can find. and of course make each and every one overblown and over the top, so the last thing he wants to do is give them amunition to use for novembers election. if he twitches wrong, it's on FOX NEWS being analyized to death. they are just waiting to pounce on anything, he says and does.

Originally posted by jibeho
Simple question. Why are State and local tax revenues DOWN? If the Private sector is doing as well as Obama blindly thinks?? See what happens when Obama speaks off the cuff!!! Bring in the damage control and the fancy graphs!!

maybe if the 300 billion in tax breaks given out as part of the stimulus bill, was given back, obama could use that money to help create more jobs....you would think that 300 billion in tax breaks would have created even more jobs as the republican right keeps telling us it will do. kind of shoots that twisted line of thought all to hell.

Originally posted by beezzer
reply to post by tovenar

 

I honstly believe he has no idea, no clue about the economy.

He is so out of touch (common phrase used about this story) that he honestly believes that we are all doing fine!

what? are you high?...where did he say THAT WE ARE ALL DOING FINE? oh yeah, i forgot, republican speak.

Originally posted by jimmyx

Originally posted by beezzer
reply to post by tovenar

 

I honstly believe he has no idea, no clue about the economy.

He is so out of touch (common phrase used about this story) that he honestly believes that we are all doing fine!

what? are you high?...where did he say THAT WE ARE ALL DOING FINE? oh yeah, i forgot, republican speak.

Obama said " The private sector is doing fine."

--------
Then his phone started ringing off the hook!

- You have to go out there and fix this! -

So he did. "Okay, the private sector is NOT doing fine."

Obama is out of touch.