Unemployment rate for previous years. Do tax cuts matter?

[Gunner]

Thoughtone and Dave your "thoughts".

http://www.bls.gov/cps/prev_yrs.htm: Source

"If tax cuts create jobs, why weren't any created by the Bush tax cuts?"
Democrats and progressives smugly ask this question, as if they know something low-tax advocates don't know. They love taxes (on some people) and they're sure this line will some points. Have they ever looked at unemployment rate for previous years?

Well, below are unemployment figures (from the Bureau of Labor Statistics) by year, with a few key events inserted.
2001: 4.7
September 11, dealt a blow to travel and created an atmosphere of uncertainty about future attacks.

Bush tax cuts were put in place in 2002.
2002: 5.8
2003: 6.0
2004: 5.5
2005: 5.1
2006: 4.6
2007: 4.6
Notice any trend? Those failed policies had us living under 4.6% unemployment. Horrific I know. The media was drumming the misery so hard and people were so clueless that they complained. I could go for 4.6% today. There were only 3 years during the glorious reign of Bill Clinton where rates were at or below 4.6%. ('98, '99, 2000)

Then came the housing/financial meltdown in 2008.
2008: 5.8
To deal with the crisis, we had the Obama/Pelosi/Reid stimulus, bailout of GM, etc. in 2009.
2009: 9.3
2010: 9.6
2011 (to date): 9.2
Failed policies?

Okay, I know someone will decide to show how smart they are and challenge these data by entering into a discussion about causation vs correlation. But be honest, unemployment is a primary indicator of economic health, and when the discussion is jobs, you have to go with the facts (oops data) as they present themselves. Now don't you feel smart.

 

[Gunner]

Liberals where are You?

 

[thoughtone]

 

[Gunner]

Just what I "thought".

 

[worldclass45]

trickled down economics

yeah right

I knew something was about to go down
when bush gave out government checks when he was in office.

I told my wife and Daughter something is about to go down
when dose the government give money away?
they knew then that the shit was about to hit the fan.

 

[Upgrade Dave]

We've already beaten this horse, G. Bush was able to ride off the success of Clinton even while the economy was slowing down. The job losses actually started before Obama and Pelosi passed one bill so don't pretend and don't post misleading information like they passed the Recovery Act and bailed out GM and Chrysler and then the jobs started leaving when in fact it's the opposite.


Intellectual honesty is so hard for you.

 

[Upgrade Dave]

Just to be clear


http://money.cnn.com/2009/02/06/news/economy/jobs_january/index.htm

http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db2009036_138924.htm

 

[Gunner]

We've already beaten this horse, G. Bush was able to ride off the success of Clinton even while the economy was slowing down. The job losses actually started before Obama and Pelosi passed one bill so don't pretend and don't post misleading information like they passed the Recovery Act and bailed out GM and Chrysler and then the jobs started leaving when in fact it's the opposite.


Intellectual honesty is so hard for you.

I know Dave its hard. Tell me this if liberal policies worked under Clinton, he has access to them. Why aren't they working now. Also, announced this morning your President said he will reveal his jobs bill after his vacation in the beginning of September. Isn't that special. I guess you guys can wait.

 

[Upgrade Dave]

I know Dave its hard. Tell me this if liberal policies worked under Clinton, he has access to them. Why aren't they working now. Also, announced this morning your President said he will reveal his jobs bill after his vacation in the beginning of September. Isn't that special. I guess you guys can wait.

The GOP led House has taken a nearly historic number of vacation days/breaks since they came into power and are on one currently with FAA authorization in need, furloughing 74,000 people.
What can the President pass with Congress at home? Can't pass a jobs bill with an Executive Order.

The Obama policies are working even with GOP obstructionism in place. The private sector has been creating jobs every month for over a year and a half. If Repubblican governors and state houses would stop laying off public sector workers at almost the same clip, employment numbers would be way down.

 

[Gunner]

The GOP led House has taken a nearly historic number of vacation days/breaks since they came into power and are on one currently with FAA authorization in need, furloughing 74,000 people.
What can the President pass with Congress at home? Can't pass a jobs bill with an Executive Order.

The Obama policies are working even with GOP obstructionism in place. The private sector has been creating jobs every month for over a year and a half. If Repubblican governors and state houses would stop laying off public sector workers at almost the same clip, employment numbers would be way down.

Utter fricking bullshit. No wonder you fell for hope and change!!! They my be creating some jobs 30K I once seen but no way near the amount for recovery of the millions lost. More private sector jobs are needed to pay for the largess of the state and federal jobs. ie lost in revenue to the state, layoffs or in layman's terms lost in your income cut the cable bill. There should be more private than state, who else is going to pay for it Dave. Dude had both houses. What policy is working?? TARP, Quantitive Easing 1 or 2, or was it cash for clunkers? An effective jobs bill could have been implemented months ago. Whenever the repubs do offer legislation or speak to it he threatens to veto it.

 

[Upgrade Dave]

Utter fricking bullshit. No wonder you fell for hope and change!!! They my be creating some jobs 30K I once seen but no way near the amount for recovery of the millions lost. More private sector jobs are needed to pay for the largess of the state and federal jobs. ie lost in revenue to the state, layoffs or in layman's terms lost in your income cut the cable bill. There should be more private than state, who else is going to pay for it Dave. Dude had both houses. What policy is working?? TARP, Quantitive Easing 1 or 2, or was it cash for clunkers? An effective jobs bill could have been implemented months ago. Whenever the repubs do offer legislation or speak to it he threatens to veto it.

When he took office, we were losing jobs by the hundreds of thousands and now we're gaining, some months by the hundreds of thousands. The recovery is always, always slower than the actual recession.
That entire middle section made zero sense.
TARP wasn't an Obama policy, it was a Bush policy and Quantitive Easing is a Fed policy.
That last part is just untrue. The closest thing Republicans have put forth was a bill labeled a "jobs bill" but didn't create any jobs and seemed more focused on going after unions. It's sat in the Senate. I don't recall Obama threatening to veto it since it had no hope of passing.
Jan Schakowsky is planning on a real jobs bill that would put people to work immediately.

 

[muckraker10021]

Insanity is doing the same thing over and over again and expecting different results<div align="right"><!-- MSTableType="layout" --><img src="http://i.min.us/iW6E1Tob.jpg" align="right"></div>
- Albert Einstein -

Peeps get out of the forest full of giant California redwood trees so that you can actually see the sky. Squabbling about the micro economic minutiae that the media of mass distraction keeps most people focused on, obscures the giant macro economic reality that the oligarchs who own 90% of the media don’t want you to focus on.

Since Clinton repealed Glass-Steagall in 1999 and the US Justice Department under Clinton’s guy Joel Klein refused to indict and prosecute any serious antitrust cases— except the Microsoft case — the ‘business elites’-the oligarchs, have taken over the United States of America.

Under Clinton’s neoliberal economic policies, although the private economic sector pretty much got whatever they wanted — (low interest rates, lowered capital gains taxes from 28% to 20% in 1997) — there was still a scintilla of economic nationalism (America First) ethos.

This all ended with the appointment of BuShit in year 2000, by a 5-4 ruling by SCOTUS. Completely negating one-man one-vote, SCOTUS put the dagger into the heart of the United State’s Democratic Republic, ripping a stab wound into the heart of E Pluribus Unum that we haven’t recovered from to this day, 2011.

The BuShits made the decision before the 911 attacks to loot the US Treasury, privatize as much of the US Government jobs economy as possible, kill unions, stop enforcing labor laws that protected workers, completely end any anti-trust prosecutions, all — for the economic benefit of their supporters.
OUTSOURCING of the US job base to China, India, Singapore, Ireland, Burma, Mexico, etc. – was put on steroids.

Domestically based formerly middle class jobs like meat packers (cutters) — were de- unionized— the white male workers fired— and they were replaced, primarily by immigrant Mexican women who are paid a fraction of the replaced white male workers; with no benefits.

During this bloodletting of the American middle class, the corporate media of mass distraction never told the American people what was going on. The opposition party- the Democrats- stood silent, especially after 911, paralyzed by the whole “war-on-terror” conflagration.

BuShit lowered the capital gains rate down to 15%, cut the top personal income tax rate down to 36%, ended prosecution of firms who were caught breaking the law,

— planted fake news stories in the press —PROPAGANDA

— fired Government employees like “Bunnatine "Bunny" Greenhouse” who told the truth about BuShits THEFT of taxpayer monies

The BuShits perpetual violation of established US laws and customs continued with impunity throughout their time in office.

Below is a video of Alan Greenspan receiving a withering verbal bombast of reality from Senator Bernie Sanders in 2003. Listen to what he says about the BuShit economy. It’s all 1000% true. I posted this and I decoded Greenspans Bullshit answer on September 2010. The repost is below

Play the video below of now US senator Bernie Sanders confronting former Federal Reserve Chairman Alan Greenspan’s bold face lies as Greenspan was testifying in front of a congressional committee.

[FLASH]http://www.youtube.com/v/rPh-qGcYruw&amp;hl=en_GB&amp;fs=1[/FLASH]

Keep in mind this exchange occurred several years ago before the economy cratered & imploded in 2008. Everything senator Bernie Sanders said was 100% on point. Listen carefully to Greenspan’s cynical response to the litany of facts senator Sanders hits him with. Greenspan cannot counter what senator Sanders says.
Greenspan says:<blockquote>
“Major focus of monetary policy is to create an environment in this country which enables capital investment and innovation to advance, we are at the cutting edge of technologies in the world, we are doing an extraordinary job over the years and people flock to the United States, our immigration rates are very high and why, because they think this is a wonderful country to come to.”</blockquote>
Let me interpret Greenspan’s bull speak. What he essentially has said is that the US economy is being run for the benefit of big corporations not working class US citizens.

He said <i>”major focus of monetary policy is to create an environment in this country which enables capital investment and innovation to advance </i> That means outsourcing of jobs to China, India, Indonesia, Singapore etc. That means increased productivity.

When you hear the business report on the news talk about increased productivity and celebrate any increase, what does that really mean? It means that corporations are making more money by squeezing more work out of their remaining workers - (more hours worked, less vacation time, decrease in employee benefits etc.) - as they shed thousands of workers.

His comment about flocking immigrants is even more insulting to American workers. Flocking immigrants depress wages for US workers many who have spent $100,000 or more getting the college education they were told would solidify their path to the middle class & higher.

As it is said , a picture is worth a thousand words; The graph below throws into stark relief what the BuShit policies have meant for working class US citizens.

<SPAN style="background-color:yellow">
There has been ZERO net job creation in the USA since December 1999. </span>

Who controlled the United States macro economic policy with Greenspan at the Federal Reserve during the last decade?? BuShits!

READ:http://www.washingtonpost.com/wp-dyn/content/article/2010/01/01/AR2010010101196.html


As I’ve pointed out in other threads, the ‘business elites’ — the oligarchs, HAVE NO INTENTION , of hiring millions of Americans and paying them ‘living wages’ much less middle class wages with benefits.

They have outsourced as many jobs as they can overseas to places where they can pay a maximum of $300 per month for a six day work week with NO benefits.

BLS statistics are meaningless right now. They are counting people who work as little as one hour a week as being employed. The real unemployment number is 25%. There is a one year wait to get a job with the US military. I’ll post the madison ave. white paper when I get a chance. It tells advertisers to don’t bother advertising to people who make less than $90,000 a year, because their (lower & median middle class income, is not coming back.

Federal tax revenue is at a 55 year low. Obama wants to raise the capital gains back to 20% and raise the top personal income tax rate back to 39.6% and the top 1% want to kill him if they could. 60% of the US budget deficit is the BuShit tax cuts.

As far as job creation under BuShit. Why do we have to go over this, the same thing over and over again and expecting different results.

What did the autopsy report conclude about job creation during 8 years of BuShit? Let’s get our answer from that socialist- Marxist newspaper owned by that communist who also owns <s>FOX</s> FAKE News, named Rupert Murdoch – The Wall Street Journal

READ:Bush On Jobs: The Worst Track Record On Record!!

The communist manifesto journal article points out that

BuShit created 3 Millions jobs over eight years
Clinton created 23 Million jobs over eight years

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Among the professional non-political top economists and top money managers, if you ask them how the United States got into the economic crisis we are in, the answer is unanimous — the culprit was the BuShit gang.

Top economist Dr. Nouriel Roubini talks to the Wall Street Journal on August 11th 2011 about how the BuShits are responsible for the fractured US economy.

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