Club for Growth: Trump will "cost more American jobs" (user search)
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  Club for Growth: Trump will "cost more American jobs" (search mode)
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Author Topic: Club for Growth: Trump will "cost more American jobs"  (Read 713 times)
Sprouts Farmers Market ✘
Sprouts
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E: -4.90, S: 1.74

« on: August 30, 2015, 05:14:02 PM »

The taxes are only on those who don't create American jobs. While I actually disagree with that type of policy in general, this analysis is patently false and relies on bad assumptions and trite sayings that disapprove of anything not entirely in line with their belief system.
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Sprouts Farmers Market ✘
Sprouts
Atlas Icon
*****
Posts: 14,787
Italy


Political Matrix
E: -4.90, S: 1.74

« Reply #1 on: August 30, 2015, 08:54:50 PM »
« Edited: August 30, 2015, 08:57:32 PM by SMilo »

Of course we don't need anymore redistribution. The reason the middle class and working people are hurting isn't because the rich don't pay enough in taxes, it's because we have a monetary policy that has weakened the purchasing power of the American consumer, we have seen the regulatory state make it difficult for full-time jobs to be created, and while everyday Americans have seen their paychecks stay the same or decline, the cost of health care and food has increased because of the cost of doing business, it would be even worse if we got rid of free trade as you and Donald Trump suggest.

People like Barack Obama and Donald Trump who trust the federal government over the American people are the reason the middle class can't get ahead today. The middle class has shrunk because following the recession, we've had the worst recovery since the Clutch Plague. Obama has made it impossible for businesses to open up and expand between Obamacare, Dodd-Frank, and new EPA regulations. Americans have not seen meaningful tax relief in more than a generation, we haven't had a broad-based tax cut since 2003. The Federal Reserve's selling of our assets to bankers has given the wealthiest in our society an advantage, it isn't a lack of re-distribution.

A. Ben Bernanke, a Bush monetarist, oversaw US monetary policy for most of the Obama years. There is no left-wing conspiracy there.
B. Quantitative Easing /ˌkwɒntɪtətɪv ˈiːzɪŋ/ - "An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity."

Buying government securities aims to increase consumer spending.

Additionally, as if by magic, America has pulled off a miracle and managed to have the USD appreciate against nearly every foreign currency in spite of the rapid money supply increase. American purchasing power is incredible as a result!
Also, oil prices have are a huge input into most everything! With those low, that has also increased purchasing power! That's not monetary policy, but the rest was and it proves that your post was completely false.

I guess I shouldn't expect much from a LOW INFO BUSH VOTER
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Sprouts Farmers Market ✘
Sprouts
Atlas Icon
*****
Posts: 14,787
Italy


Political Matrix
E: -4.90, S: 1.74

« Reply #2 on: August 30, 2015, 09:16:57 PM »

Of course we don't need anymore redistribution. The reason the middle class and working people are hurting isn't because the rich don't pay enough in taxes, it's because we have a monetary policy that has weakened the purchasing power of the American consumer, we have seen the regulatory state make it difficult for full-time jobs to be created, and while everyday Americans have seen their paychecks stay the same or decline, the cost of health care and food has increased because of the cost of doing business, it would be even worse if we got rid of free trade as you and Donald Trump suggest.

People like Barack Obama and Donald Trump who trust the federal government over the American people are the reason the middle class can't get ahead today. The middle class has shrunk because following the recession, we've had the worst recovery since the Clutch Plague. Obama has made it impossible for businesses to open up and expand between Obamacare, Dodd-Frank, and new EPA regulations. Americans have not seen meaningful tax relief in more than a generation, we haven't had a broad-based tax cut since 2003. The Federal Reserve's selling of our assets to bankers has given the wealthiest in our society an advantage, it isn't a lack of re-distribution.

Agreed on monetary policy, but everything else I posted is 100000)% true.

You wanna double down? OK. I agree with you on the Laffer Curve which is why I didn't include it. That is mostly right, but it is misleading to not mention Obama's changes have not affected it, but OK, you were answering a question.

Regulatory environment - don't make me laugh! Dodd-Frank affecting new business!! Oh, those oh so prestigious bankers that you attack two sentences later can't take risk that will take down the rest of the economy as they prey on the weakest? Oh what a travesty! All the jobs that Obama destroyed! Great ones too! The ones where people actively seek out people to make their lives miserable! Those jobs may not have produced much from a utilitarian standpoint, but darn it, they were jobs. Now all we're doing is making sure another collapse doesn't happen so millions more don't lose jobs at some later point. As if that's worth predatory jobs now!

Obamacare - The month it passed marked the first month of private jobs growth. It alone has added almost a million jobs to the health industry and as uninsured rates have declined substantially, people can now take care of themselves and become active contributors to the workforce rather than leeches in a welfare society that they will be stuck at the bottom of forever no matter how hard they try.

I'm not exactly with the EPA on every policy they've passed since 09 because you are right on that - some have killed jobs - there is a net in the creation of jobs for regulatory purposes, but it's not enough. I wish Obama would have done more in energy, but frankly, the oversupply is bad enough already. US Coal companies are getting killed with no China demand. Oil is laying off due to the price rather than regulation. Layoffs would have occurred either way, but I will admit there is a bit overreach here for real jobs unlike on the other two. Still, you must admit, unemployment is not a serious issue at the moment - we are very close to full employment.
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Sprouts Farmers Market ✘
Sprouts
Atlas Icon
*****
Posts: 14,787
Italy


Political Matrix
E: -4.90, S: 1.74

« Reply #3 on: August 30, 2015, 10:12:17 PM »
« Edited: August 30, 2015, 10:14:36 PM by SMilo »

The first two Obamacare quotes are flat-out misstatements of fact as disproven by FactCheck many months ago.

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These people were already working more than they needed to just to have health care. Now more workers can be hired in their place if the work is really needed. Otherwise, we have happier families and free-time rather than overworked employees. Now net your (rounded down to the nearest thousand) zero lost jobs against the near million that ACA has provided.

Your third point on that - yes. Health Care is essential. Now that people have it, the next step is to make it affordable. Best that they are taken care of and not dying before they reach retirement imo.

Your Dodd-Frank points are frankly populist opinion pieces which is quite a surprise coming from you. Why is it that community banks are inherently better than big banks? That's very concerning. You realize what the banking system looked like pre-Clutch Plague, right? Bigger banks, when taking only the approrpriate risks, are the way of the world and the appropriate evolution for the current financial system. The old way failed and failed and then failed again. The strongest survived. Liquidationist or Liberal, most would agree with that unless you have an unsubstantiated fear of centralized banking like an old southerner.

For what it's worth, banks were sitting on a ton of capital and not loaning it out due to fear prior to Dodd Frank. Reduction in loans is a bunch of malarkey. They can loan out a ton, but they refuse to do so as they don't see it viable at the moment. Since this discussion was about jobs, I think you would enjoy that section of your own post that states the big banks need 2.2 million annual working hours of compliance for these new laws! So, since the banks were refusing to loan out money, they now pay people who will actually spend it and grow the economy! Glorious news!

Too Big to Fail is right. Any institution can set off a chain reaction - most of all a bunch of small ones as any empirical evidence will tell you. Best to keep it limited and manageable with a watchful eye on it at all times. That's what this does. So is the beauty of the system - stability!
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