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Bill USA

(6,436 posts)
6. interesting that you reveresed my meaning so you could claim the irony I used as your own.
Sat Sep 19, 2015, 04:46 PM
Sep 2015

you lifted one word "Heaven" from my complete statement: "NOTE: nowhere in this post will you find the words "we're in Heaven". That lack notwithstanding, this is good news." - (Cmnt 3)

you want to take the irony I was applying to your comnt 1, in which by implication you advance the proposition that if the economic recovery is less than ideal (or heavenly to use my term of irony in critiqueing your implied argument) then it - the recovery - is on no value at all.

I can see why you would insinuate such a proposal since trying to make that point explicitly would show it's obviously ludicrous.

When I said "NOTE: nowhere in this post (I meant comment) will you find the words "we're in Heaven". That lack notwithstanding, this is good news."

..... it was clear that my meaning was, the economic recovery is not perfect (i.e. we're not in Heaven)... but it is improving and we are adding jobs at a good pace now. Given the level of obstruction to stimulating a recovery from the Republicans this is pretty good. .. and as I said in my comment.."this is good news".


RE your comments relative to the survey by the authors at Georgetown University----

You said: "They redefined high-paying as $53,000 a year - that is a joke,"

Please inform us where "high paying" was defined before - differently, that is, to make your statement that they changed it make sense?

As to defining what is "good job" (they did not use your term "high paying" - note in the Georgetown study they say:

There is no official definition of a good job. In this report, we define good jobs as those that are in the upper third by median wages of occupations in which they are classified. These good jobs pay more than $53,000 annually for a full-time, full-year (FTFY) worker.6 This pay level is more than 26 percent above the median earnings of all full-time, full-year workers, which is $42,000 per year.7 ... In addition, a majority of these good jobs are full-time (86 percent), offer health insurance (68 percent), and provide an employer-sponsored retirement plan (61 percent). On average, the employer-provided benefits add more than 30 percent on top of the employees’ reported annual wages and salary.


Now, unless my arithmetic is wrong, benefits adding 30% remuneration to a job with an annual salary of $53,000 gives an total monetary value of the job holders compensation very close to $70,000. And this figure you consider "a joke"??? My, how you are 'full of it'.

Actually, the other study referred to by the Georgetown Univ researchers and mentioned in the USA Today article was by National Employment Law Project. And they defined (not that this is a universally accepted definition) a higher paid industry - since they were basing their conclusions on industry wide data - with annual incomes starting at 41,662 - IOW LESS THAN the Georgetown Univ study by more than $10,000 (on a cash salary basis - not looking at benefits).

YOu said: "You do know that the median price home or condo in San Francisco is now 1 million dollars? Your numbers are ok for 1072 (Sic), but you are in a different year."

Is that supposed to be a representative figure for U.S real estate? You are implying that it is. That claim, impied or not, to use a term of art, is Bullshit.

The average (median) price for a home in the U.S. is more like $188,900. THIS is a representative number.

If you are trying to say if the economic recovery we've had since 2010 is less than perfect and therefor is of no value .. that is patent nonsense.

A more informative statement would be to say the economic recovery we've seen since 2010 would have come a lot sooner and a lot stronger if the Repugnants hadn't been fighting everything Pres. Obama and the Democrats tried to do to produce stronger recovery. 5 Way Republicans have Sabotaged Job Growth (see below)

1. Filibustering the American Jobs Act. Last October, Senate Republicans killed a jobs bill proposed by President Obama that would have pumped $447 billion into the economy. Multiple economic analysts predicted the bill would add around two million jobs and hailed it as defense against a double-dip recession. The Congressional Budget Office also scored it as a net deficit reducer over ten years, and the American public supported the bill.

2. Stonewalling monetary stimulus. The Federal Reserve can do enormous good for a depressed economy through more aggressive monetary stimulus, and by tolerating a temporarily higher level of inflation. But with everything from Ron Paul’s anti-inflationary crusade to Rick Perry threatening to lynch Chairman Ben Bernanke, Republicans have browbeaten the Fed into not going down this path. Most damagingly, the GOP repeatedly held up President Obama’s nominations to the Federal Reserve Board during the critical months of the recession, leaving the board without the institutional clout it needed to help the economy.

3. Threatening a debt default. Even though the country didn’t actually hit its debt ceiling last summer, the Republican threat to default on the United States’ outstanding obligations was sufficient to spook financial markets and do real damage to the economy.

4. Cutting discretionary spending in the debt ceiling deal. The deal the GOP extracted as the price for avoiding default imposed around $900 billion in cuts over ten years. It included $30.5 billion in discretionary cuts in 2012 alone, costing the country 0.3 percent in economic growth and 323,000 jobs, according to estimates from the Economic Policy Institute. Starting in 2013, the deal will trigger another $1.2 trillion in cuts over ten years.

5. Cutting discretionary spending in the budget deal. While not as cataclysmic as the debt ceiling brinksmanship, Republicans also threatened a shutdown of the government in early 2011 if cuts were not made to that year’s budget. The deal they struck with the White House cut $38 billion from food stamps, health, education, law enforcement, and low-income programs among others, while sparing defense almost entirely.
(more)


... this information enlightens any conversation about the recovery. Something that cannot be said for the confused bullshit you've been spreading. Have a nice day.

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