Obama/unemployment

Originally posted by TheBloop
Obama is tying the unemployment situation to the creation of ATMs. So his "point" is NOT correct. The unemployment rate has not been over 9% for this long because of ATM machines and airport ticket kisoks, regardless of what you're being fed by Chris Matthews.

It is an example to illustrate a point.

Originally posted by KazetNagorra
It is an example to illustrate a point.

Sorry, I just edited the post you quoted, so I'll repost the last part:

There are no technological breakthroughs during the past two and a half years that have caused unemployment to skyrocket.

Technology advancements are NOT the problem here.

Originally posted by TheBloop
Sorry, I just edited the post you quoted, so I'll repost the last part:

There are no technological breakthroughs during the past two and a half years that have caused unemployment to skyrocket.

Technology advancements are NOT the problem here.

I agree. The main problems are the severe undertaxation of the rich, a horribly inefficient health care system, lacking education funding and bloated military spending. That is why redundant manufacturing jobs have not been replaced with services jobs even though they could very easily have been.

Originally posted by AThousandYoung
That's the trickle down model of economics but unfortunately the facts don't seem to support it.

I never said trickle down always works. I even gave an example where it would not.

Did you forget to drink your coffee this morning?

Originally posted by KazetNagorra
I agree. The main problems are the severe undertaxation of the rich, a horribly inefficient health care system, lacking education funding and bloated military spending. That is why redundant manufacturing jobs have not been replaced with services jobs even though they could very easily have been.

Those are certainly factors that contribute but you ignored the primary factor, trade with China (and others) without protectionist policies to keep jobs here.

Originally posted by Metal Brain
Those are certainly factors that contribute but you ignored the primary factor, trade with China (and others) without protectionist policies to keep jobs here.

Do you think US states ought to be able to put tariffs on imported goods from other US states? By the way, the US does implement protectionist policies against China, as does the EU.

Originally posted by KazetNagorra
Do you think US states ought to be able to put tariffs on imported goods from other US states? By the way, the US does implement protectionist policies against China, as does the EU.

Why would we want to do that? You are not making any sense at all.

Originally posted by Metal Brain
Why would we want to do that? You are not making any sense at all.

Then why would you want to implement protectionist measures against China?

Originally posted by KazetNagorra
Then why would you want to implement protectionist measures against China?

To keep jobs here and not have them replaced by lower paying jobs. Reducing the overall income of Americans hurts the economy.

Originally posted by Metal Brain
To keep jobs here and not have them replaced by lower paying jobs. Reducing the overall income of Americans hurts the economy.

So if Texas and New Mexico would implement protectionist measures against each other, both states would benefit?

Originally posted by KazetNagorra
So if Texas and New Mexico would implement protectionist measures against each other, both states would benefit?

The states can compete with each other without protectionist measures. We can't compete with Chinese labor without protectionism except with certain products that don't amount to much.
Can you compete with slave like wages?

Originally posted by Metal Brain
The states can compete with each other without protectionist measures. We can't compete with Chinese labor without protectionism except with certain products that don't amount to much.
Can you compete with slave like wages?

Economics is not about competing, it's about cooperating. The US can guarantee full employment with a few simple measures without having to depress consumer demand by increasing tariffs on Chinese goods.

Originally posted by KazetNagorra
Economics is not about competing, it's about cooperating. The US can guarantee full employment with a few simple measures without having to depress consumer demand by increasing tariffs on Chinese goods.

I don't thing you understand what is happening here, but since you live in Europe it does not surprise me.

I'll ask what your simple solution is though.

How?

Originally posted by Metal Brain
I don't thing you understand what is happening here, but since you live in Europe it does not surprise me.

I'll ask what your simple solution is though.

How?

Look at my earlier posts in this thread.

Originally posted by KazetNagorra
Economics is not about competing, it's about cooperating. The US can guarantee full employment with a few simple measures without having to depress consumer demand by increasing tariffs on Chinese goods.

wow you got all the answers and know everything you should go into politics.

Have you ever been employed ?