The Many Faces of US Politics...

[Gmac]

You drop out of the stats after 12 or 15 months.
The Fed and Trump say unemployment is low when it is nor.And the Philips curve which is about the relationship between unemployment and payrises and core to Fed modelling is not working.

The Philips Curve is the relationship between unemployment and inflation. I think it was Nixon's administration that expected to be able to fight inflation with policies that would increase unemployment. What happened was unemployment went up but so too did inflation. Instead of going back down the Philips Curve to the right, the line kept going in a clockwise loop, going up to the right through a period of stagflation before turning down to the left into a recovery period. It's been a series of clockwise loops ever since.

this is one Shane curran was  working on

[mrhardyannual]

Jerusalem debacle, sexual assualt claims, the Russia Files, and now net neu-f**king-trality disappearing. Hope them hicks that voted for Trump never are able to stream a porno into their trailer again.

This is more of what I'm saying about our inability to understand the USA. You mention Jerusalem and net neutrality as if they were two areas in which Trump is out of line with American thinking. He's not. Congress, both Reps and Dems have repeatedly backed this policy. Few Americans can understand any system that does not allow capital influence decision making therefore a web provider accepting payment to promote one product/site over another is like mother's milk to them. Time to be thankful you live in a highly regulated EU.

[Eamonnca1]

Jerusalem debacle, sexual assualt claims, the Russia Files, and now net neu-f**king-trality disappearing. Hope them hicks that voted for Trump never are able to stream a porno into their trailer again.

This is more of what I'm saying about our inability to understand the USA. You mention Jerusalem and net neutrality as if they were two areas in which Trump is out of line with American thinking. He's not. Congress, both Reps and Dems have repeatedly backed this policy. Few Americans can understand any system that does not allow capital influence decision making therefore a web provider accepting payment to promote one product/site over another is like mother's milk to them. Time to be thankful you live in a highly regulated EU.

Au contraire:
Poll: 83 percent of voters support keeping FCC's net neutrality rules

[Syferus]

Jerusalem debacle, sexual assualt claims, the Russia Files, and now net neu-f**king-trality disappearing. Hope them hicks that voted for Trump never are able to stream a porno into their trailer again.

This is more of what I'm saying about our inability to understand the USA. You mention Jerusalem and net neutrality as if they were two areas in which Trump is out of line with American thinking. He's not. Congress, both Reps and Dems have repeatedly backed this policy. Few Americans can understand any system that does not allow capital influence decision making therefore a web provider accepting payment to promote one product/site over another is like mother's milk to them. Time to be thankful you live in a highly regulated EU.

Au contraire:
Poll: 83 percent of voters support keeping FCC's net neutrality rules

Everyone knows there's widespread bipartisan support for net neutrality in the US. Literally anyone who isn't in the telecoms industry has no reason not to. Republican senators were even streaming out opposing the FCC vote and the speed at which the reckless maniac Trump put in charge of the FCC is pushing it through. MrHardy's claims of having some sort of insight into the US took a big hit with that one.

[whitey]

Jerusalem debacle, sexual assualt claims, the Russia Files, and now net neu-f**king-trality disappearing. Hope them hicks that voted for Trump never are able to stream a porno into their trailer again.

This is more of what I'm saying about our inability to understand the USA. You mention Jerusalem and net neutrality as if they were two areas in which Trump is out of line with American thinking. He's not. Congress, both Reps and Dems have repeatedly backed this policy. Few Americans can understand any system that does not allow capital influence decision making therefore a web provider accepting payment to promote one product/site over another is like mother's milk to them. Time to be thankful you live in a highly regulated EU.

Au contraire:
Poll: 83 percent of voters support keeping FCC's net neutrality rules

Ah FFS do you think half these cvnts even know what new neutrality is?

If I listened to the Democrats about Obamacare I have  He same doctor, same health plan and my premiums would have decreased by $2500

[seafoid]

I saw an analysis from 2012 that put real unemployment at 29.7m.allowing for the collapse in the labor participation rate.  Maybe it is 25 m today.
That would be around 15%.

Where did you see this?

Monthl'y Review


I don't think anyone in the Gorthaganny FG cumann reads it

https://monthlyreview.org/2014/01/01/the-plight-of-the-u-s-working-class/

"Although the population of working age people has increased in what is still a very weak labor market, a large number of people have stopped looking for work while others have taken part-time employment although desiring full-time work. Therefore, the number of those classified as unemployed (you must be actively looking for work to be counted as officially unemployed) is a vast under-assessment of the jobless situation.

The 7.2 percent official unemployment rate in September 2013 increases to 13.6 percent unemployed when "discouraged" and other workers "marginally attached to the labor force," and part-timers wanting full-time jobs, are included. (It should be noted that even by the narrow gauge of official unemployment accounting, 15 percent of the labor force was unemployed at some point during the year in 2011.)20

The increase in discouraged workers began even before the onset of the Great Recession, going back to the previous recession (2001) following the bursting of the dotcom bubble. The percent of the population that is actually employed or looking for work (the labor force participation rate) dropped from 67.3 percent in 2000 to 63.2 percent in September of 2013.


Although the population is aging and increasing numbers are retiring (the baby boomers are reaching retirement age), even when looking at only those considered to be in the prime working ages of twenty-five to fifty-four years old, participation rates dropped from 84.6 percent in 1999 to 80.4 percent in September 2013.

Although these percentage-point changes may seem small, the implication is that there are nearly 10 million extra people, including 1.5 million in the twenty-five to fifty-four year old age group, who would have been in the labor force if participation rates had not declined.

The BLS's estimate of those "marginally attached" to the labor force plus people working part-time but wanting full-time work is approximately another 9 million people.

Thus there are over 20 million people who are "officially" unemployed, or "marginally attached," or working part-time but wanting full-time jobs (Table 1).

But the BLS counts in its alternative measurements of unemployment merely 1.2 million of those not in the labor force—including among the marginally attached only those who looked for work in the last year (but not during the last four weeks).

But what about people who gave up looking for work more than a year ago or, if young, have never looked for work because they feel that they will not find a job?

Table 1. Estimate of Jobs Needed for Full Employment (September 2013)
Unemployed11.3 million
Marginally attached to labor force—did look for work in last year but not in last four weeks becausea) thought none was available 0.4 million
b)
of illness, lack of transportation, lack of daycare, etc.0.8 million
c) working part-time for economic reasons
7.9 million

Total BLS Estimate Un– and Underemployment  20.4 million

Number of people that would be in the labor force if participation rate had not declined from 67.3 to 63.2 percent (minus the 1.2 million not in labor force but counted above as marginally attached).8.8 million

Total jobs needed for full employment 29.2 million"

This is way bigger than a Whitey anecdote in support of the status quo.   

Where the US is creating jobs for working class people they are in healthcare or restaurants and pay less than $15 an hour .


The US economy is barely growing. What growth there is benefits the rich.
Life expectancy for poor people is falling. On the ground people in states like Indiana sense what is happening  They are very angry. Trump tapped into that and will betray them. Hillary wasn't going to do anything.

[seafoid]

https://mobile.nytimes.com/2017/12/14/opinion/republicans-working-class-taxes.html

[Syferus]

Seafoid tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.

[seafoid]

Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.

Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.

You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?

[guy crouchback]

Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.

Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?

[seafoid]

Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.

Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?

The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

[Syferus]

Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.

Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?

The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

Where do you think the bailout money came from, Seafoid? Because it definitely wasn't the billions we didn't have laying around.

[seafoid]

Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.

Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?

The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

Where do you think the bailout money came from, Seafoid? Because it definitely wasn't the billions we didn't have laying around.

It was added onto the debt

[heganboy]

i have a lot of issues with the tax bill, but lets be very clear about this.

The US is a capitalist society. This tax bill further explicitly states this. The tax bill rewards and favors capital and not labor. No one has ever set out the US as a Labor economy. Now you may argue the ethics, the merits and pitfalls to a society when it gets this close to a pure capitalist system, but they are going balls out here

[Syferus]

Seafoud tried to rebuke me and then immediately linked to a publication whose entire exsistence is centered around attacking capitalism and literally supports marxism. You may as well kick the ball in your own net and be done with the discussion.

Syf, the economic system is very close to collapse. The Eurozone does not have a lender of last resort. Do you understand what that means ? 

a fella who used to play for Mayo called Ludwig Von Mises said that all debt expansion systems end in mass bankruptcies. WW2 was the result of the last one.


is the ECB not a lender of last resort?
You support plutocracy. God only knows why. What did plutocracy ever do for Roscommon?

The ECB would have bailed out Anglo and AIB in 2010 if it had been a lender of last resort.

When the banks blow up again the people will have to pony up again.

Where do you think the bailout money came from, Seafoid? Because it definitely wasn't the billions we didn't have laying around.

It was added onto the debt

So your idea of a lender is not a lender at all. Gotcha.