What happened to all of the doom and gloom economic threads?

[mercury14]

he is letting both lapse. What the idiot is lying about is Republicans bitching about Obama letting it lapse.

"I think there's a growing consensus that Congress and the president can't continue to divert such a critical revenue stream from Social Security," said Rep. Kevin Brady of Texas, a senior Republican on the tax-writing House Ways

Rep. Paul Ryan, R-Wis., disparaged the payroll tax cut, calling it "sugar-high economics" that wouldn't promote long-term growth.


"The payroll tax holiday was intended to be temporary and there is strong bipartisan support to let that tax provision expire," said Sen. Orrin of Utah, the top Republican on the Senate Finance Committee. "The continued extension of a temporary payroll tax holiday has serious long-term implications for Social Security and, frankly, it's not even clear that it has helped to boost our ailing economy."

The CBO and others rate the employee-side tax cut as one of the more cost-effective methods of stimulus. Workers get to keep more of their own money and they spend more. More spending creates profit and jobs.

The GOP opposed it for no other reason than Obama supported it. They want to create an air of controversy over every single Obama policy in order to win the election, even if it means having to oppose their own ideology.

 

[Busybody]

Stfu, Fla!

 

[mercury14]

http://www.washingtonpost.com/rf/image_606w/WashingtonPost/Content/Blogs/ezra-klein/StandingArt/CBOjobcreation.jpg?uuid=R7kzWhBvEeGzpeoj2RvJbQ

 

[mercury14]

1) So as we see, extending unemployment insurance is the best bang for our buck. Republicans have always opposed it.

2) Additional refundable tax credits to the middle class? Republicans opposed that too.

3) Third best is the employee-side payroll tax cut which Republicans opposed.

4) Fourth best is the AMT, which Republicans have wanted to scale back and Romney says he will repeal.

5) In a DISTANT last place is reducing marginal tax rates. Here we have the least effective method of stimulating the economy and guess what? Republicans are all for it!


Which party supports the two least-effective means of stimulating things on the business side?

 

[VaticanAssassin]

The CBO and others rate the employee-side tax cut as one of the more cost-effective methods of stimulus. Workers get to keep more of their own money and they spend more. More spending creates profit and jobs.

The GOP opposed it for no other reason than Obama supported it. They want to create an air of controversy over every single Obama policy in order to win the election, even if it means having to oppose their own ideology.

A: It is the CBO

B: They rate it as putting the most $ in average Joe's pocket... $19 a week to be exact. It has nothing to do with how effective it was in stimulating the economy. They and other experts said it did shit.

C: For every dollar saved by Joe business saved the same.

D: You think raiding SS is a good idea?

E: Your are a moron and spin artist extrodanaire.....

 

[mercury14]

A: It is the CBO

B: They rate it as putting the most $ in average Joe's pocket... $19 a week to be exact. It has nothing to do with how effective it was in stimulating the economy. They and other experts said it did shit.

C: For every dollar saved by Joe business saved the same.

D: You think raiding SS is a good idea?

E: Your are a moron and spin artist extrodanaire.....

Republicans cite the CBO all the time. The cost of Obamacare? The GOP goes to the CBO for that! Now it's a bad source? You're a hypocrite.

You're completely wrong that the CBO is ranking these things by how much they put into the average Joe's pocket. Have you read their full report? OF COURSE YOU HAVEN'T! Post again when you know what you're talking about instead of out of self-assured willful ignorance.

 

[VaticanAssassin]

Republicans cite the CBO all the time. The cost of Obamacare? The GOP goes to the CBO for that! Now it's a bad source? You're a hypocrite.

You're completely wrong that the CBO is ranking these things by how much they put into the average Joe's pocket. Have you read their full report? OF COURSE YOU HAVEN'T! Post again when you know what you're talking about instead of out of self-assured willful ignorance.

Now that you have lied you should skip to the next step and change the subject.....

 

[mercury14]

Now that you have lied you should skip to the next step and change the subject.....

Here's the report. Though you'll choose to wallow in your own self-inflicted ignorance no matter what.

http://cbo.gov/sites/default/files/cbofiles/attachments/11-15-Outlook_Stimulus_Testimony.pdf

 

[jeninflorida]

what?!?!? #1, you just enable people not to work....people figured out how to milk the system and instead of taking a job that they do not like, they milk unemployment for years and do side jobs.

long extended unemployment is BAD BAD BAD

but Merc, you are an enabler with zero real world experience so we can't expect anything else from you. this is all you (and the other ass hat's here) know. give me give me give me give me......

1) So as we see, extending unemployment insurance is the best bang for our buck. Republicans have always opposed it.

2) Additional refundable tax credits to the middle class? Republicans opposed that too.

3) Third best is the employee-side payroll tax cut which Republicans opposed.

4) Fourth best is the AMT, which Republicans have wanted to scale back and Romney says he will repeal.

5) In a DISTANT last place is reducing marginal tax rates. Here we have the least effective method of stimulating the economy and guess what? Republicans are all for it!


Which party supports the two least-effective means of stimulating things on the business side?

 

[mercury14]

what?!?!? #1, you just enable people not to work....people figured out how to milk the system and instead of taking a job that they do not like, they milk unemployment for years and do side jobs.

long extended unemployment is BAD BAD BAD

but Merc, you are an enabler with zero real world experience so we can't expect anything else from you. this is all you (and the other ass hat's here) know. give me give me give me give me......

I'm not saying there aren't side-effects to extending long-term unemployment insurance. But if you give a laid-off factory worker $1000 for the month his mortgage gets paid and he doesn't foreclose and send a negative ripple through the economy. And whatever is left over he spends every penny of in the economy.

Give a tax break to the wealthy and they squirrel that money away in savings, investments, and probably some of it in China or Brazil. That's much less effective policy than something that causes increased spending and a rise in the number of customers in our businesses.

 

[bra_man69]

I'm not saying there aren't side-effects to extending long-term unemployment insurance. But if you give a laid-off factory worker $1000 for the month his mortgage gets paid and he doesn't foreclose and send a negative ripple through the economy. And whatever is left over he spends every penny of in the economy.

Give a tax break to the wealthy and they squirrel that money away in savings, investments, and probably some of it in China or Brazil. That's much less effective policy than something that causes increased spending and a rise in the number of customers in our businesses.

Go a head tax the fuck out of the wealthy know what they can do something others can't move outside America then what you going to do stupid.

 

[mercury14]

Go a head tax the fuck out of the wealthy know what they can do something others can't move outside America then what you going to do stupid.

Straw man. Nobody is trying to tax the fuck out of the wealthy. Try again.

 

[bra_man69]

Straw man. Nobody is trying to tax the fuck out of the wealthy. Try again.

O really go see what taxes are right now in NYC for the rich and you want add more to it there going to leave France is finding that out as we speak stupid.

 

[jeninflorida]

Go a head tax the fuck out of the wealthy know what they can do something others can't move outside America then what you going to do stupid.

only, there is a new category of people that have no "country" and move from place to place to keep their tax liability at a min. Just like in France, as they jacked up the income tax to 75% those that can't find loop holes in the tax code have left the country.

Jack the tax rate up here, and people will find loop holes or move more assets over seas

 

[jeninflorida]

I'm not saying there aren't side-effects to extending long-term unemployment insurance. But if you give a laid-off factory worker $1000 for the month his mortgage gets paid and he doesn't foreclose and send a negative ripple through the economy. And whatever is left over he spends every penny of in the economy.

Give a tax break to the wealthy and they squirrel that money away in savings, investments, and probably some of it in China or Brazil. That's much less effective policy than something that causes increased spending and a rise in the number of customers in our businesses.

I agree that families need safety nets and no kids should suffer. I've just scene too many people milk the system

 

[bra_man69]

only, there is a new category of people that have no "country" and move from place to place to keep their tax liability at a min. Just like in France, as they jacked up the income tax to 75% those that can't find loop holes in the tax code have left the country.

Jack the tax rate up here, and people will find loop holes or move more assets over seas

Just going to make people not want to succeeded and be come wealthy they know what's going to happen there hard work going to support people like mercury that don't want work for anything want it given.

 

[jeninflorida]

Just going to make people not want to succeeded and be come wealthy they know what's going to happen there hard work going to support people like mercury that don't want work for anything want it given.

maybe for some, and most defenatly takes away the fun....One gets pissed off when they start paying $100k....$350k.....$1mm just in income tax and you look around and see all the waste in government, makes you want to move money out of America and say Fuck you obama.

 

[mercury14]

O really go see what taxes are right now in NYC for the rich and you want add more to it there going to leave France is finding that out as we speak stupid.

The wealthy paid far more in NYC under Reagan than any plan Obama would come up with. How come they didn't leave under Reagan?

 

[Ulaven_Demorte]

Just going to make people not want to succeeded and be come wealthy they know what's going to happen there hard work going to support people like mercury that don't want work for anything want it given.

Jesus fucking Christ on a crutch...

First off, not a single person is going to refuse to "succeeded" because they may have to pay more taxes.

Second, a small portion of "there" hard work may go to support those who are unable to support themselves. But again, not a single person is going to refuse to become wealthy for that reason alone. Hell, I don't think anyone would refuse to become wealthy for ANY reason.. Unless it involved criminal activity.

Third, for Christ's sake go sit in on some ESL classes or something. I've known people from Germany and Spain that had a better command of your native language than you do.

 

[4est_4est_Gump]

merc, you already proved that the tax targeting of groups does not work in reality, not theory...

Now you just want more of the same failed policies of the present.

 

[4est_4est_Gump]

And so it begins.

Two jobs for every worker...

Interestingly, the Obamacare mandate says Anyone Who Works 30-Hour Week Is Now 'Full-Time'

A little-known section in the Obamacare health reform law defines “full-time” work as averaging only 30 hours per week, a definition that will affect some employers who utilize part-time workers to trim the cost of complying with the Obamacare rule that says businesses with 50 or more workers must provide health insurance or pay a fine.

“The term ‘full-time employee’ means, with respect to any month, an employee who is employed on average at least 30 hours of service per week,” section 1513 of the law reads. (Scroll down to section 4, paragraph A.)

If an employer has 50 or more "full-time employees" and does not offer health insurance, it must pay a penalty per employee for each month it does not offer coverage.

Lookback Period Three Months To One Year

The IRS has a publication on Determining Full-Time Status for Purposes of Shared Responsibility for Health Coverage. The key to explaining the recent jump in part-time employment is found in the look-back period.

Under the look-back/stability period safe harbor method, an employer would determine each employee’s full-time status by looking back at a defined period of not less than three but not more than 12 consecutive calendar months, as chosen by the employer (the measurement period), to determine whether during the measurement period the employee averaged at least 30 hours of service per week.

Common sense would dictate employers look back the minimum time (three months), as opposed to a year.

Thus, any employer in his right mind would reduce the hours someone worked from say 34 to something like 25 or 28, just to make sure the average hours worked was under 30.

If a lot of corporations did that, and a lot people had reduced hours, then corporations would have had to hire more workers to keep the same total number of hours.

Indeed there was a massive surge in part-time employment (+582,000) in October that spawned many conspiracy theories.

As noted in September Jobs +114,000; Unemployment Rate 7.8%; Part-Time Workers +582,000; Initial Reaction and Election Impact, the entire .3 percentage point drop in the unemployment rate was based entirely on a surge in part-time employment.

Thus, it's looking more-and-more likely that Obamacare is a healthy chunk of the explanation.

Acceleration of Trend

Many people emailed me that Obamacare did not start the push to part-time employment. Fair enough, but I never said it did.

However, Obamacare did accelerate the trend. Moreover, it will now reduce the number of hours part-timers work.

The upside is more people will be working, and there is benefit to that even if it does not reflect the true state of unemployment or the economy.

Read more at http://globaleconomicanalysis.blogspot.com/#mmVicBir34IaxsIL.99

 

[4est_4est_Gump]

merc's PERSONAL investment in Obama:

The gap in pay between federal employees and private-sector workers has jumped 8 percentage points since last year, according to new data presented at a Federal Salary Council meeting Friday.

http://www.federalnewsradio.com//18...overnment-private-sector-widens-to-34-percent

 

[mercury14]

merc's PERSONAL investment in Obama:


http://www.federalnewsradio.com//18...overnment-private-sector-widens-to-34-percent

You think I'm a government employee? Where do I work?

 

[4est_4est_Gump]

Bye merc.



Enjoy. You earned it...

 

[mercury14]

Merc refuted my lie that he's a government worker? Holy crap Imma put him on iggy!

This is the fourth time you've put me on iggy this month.