is you assume that people even have a job or that a corporate tax rate cut would have them create a job in the United States versus offshore.
Notice the blizzard of layoffs or did one of those falling workers hit you in the head and make you temporarily blind to the wage/unemployment reality in the United States?
Your argument against tax cuts is, of course, fundamentally flawed.
Compare the supposed $1.63 value for unemployment benefits vs. the $.30 benefit for a cut in the corporate tax rate. Assuming these figures are correct - by no means certain given Zandi's political bias - the unemployment benefits consist of a 13 week extension to already existing benefits. That's only 1 quarter, so the real value of that extension is just a one time boost of $.40, as opposed to an annual $.30 benefit which would go on for years, adding up to far more in total.
You ask this question, and I assume you are not being rhetorical.
At this point I really don't understand why Americans aren't rioting in the streets. Don't you understand that Washington is picking your pockets for the benefit of Wall Street's uber-wealthy?
Well, the simple answer is "no", Americans don't understand. The reason why, though, is more complicated.
Over the weekend, I saw some cable news person running around the heartland asking how things were. People were scared, they didn't know whether they could keep their jobs, send their kids to school, etc.. In other words, they were concerned that the "American Dream" was slipping away. But a lot of these simple, hard working Americans weren't sure if the Government stimulus legislation was right!!! Yes, their schools were in dire need of repair and upgrade, towns couldn't afford cops and ambulances, bridges needed repair, they were sorely in need of good paying jobs, and all kinds of infrastructure needs were evident in their communities. But they felt these were local concerns and the federal government shouldn't be involved in helping them resolve these problems!! So, we are all in the hands of the centrists now. The wisdom of a thousand Paul Krugmans and Joseph Stiglitzes be damned.
Obviously, the disaster capitalists (neocons) picked up on this aspect of the "American" psyche decades ago and have been using this voting bloc to their advantage ever since. So, what Paulson and Bernanke started cannot be reversed now. Geithner and Summers are going "all in" on this high stakes gambit to put "humpty dumpty" back together. We are testing the axiom of the "weak link in the chain" and we know the outcome.
Eventually though, unemployment, evictions, food shortages, etc. will become prevalent enough that a mass citizen outcry will occur. What happens after that is anyone's guess.
In the meantime, I have a question. Is any of this behaviorism in anyone's Econometric model?
is only done every 10 years and has a lot of statistical problems. So, you will not see month by month updates.
Also, they miss a lot of people and one of the huge controversies in estimating the negative costs of illegal immigration is they do not break up anything in the census by immigration/visa status. So, they "mix up" all those of Hispanic ethnicity (which is really insulting because that's something like 30 different countries!) as all being the same. They don't divide by skills, educational level, country, legal, illegal status, on a guest worker Visa or perm, U.S. citizen and so on.
That messes up badly labor economists who need detailed raw statistics on demographics to obtain accuracy on their models and equations.
It's also used (both parties) as a political tool because it determines congressional districts.
As far as the idea of using U.S. taxpayer money to only (I would say preferred) recirculate within the domestic economy of the citizens who are footing the bill...
I don't see the problem here. It's not the same as private sector money, this is domestic government expenditures.
Like food stamps. So many states have offshore outsourced the entire management of food stamps. That makes zero sense to me. Those jobs could be done by Americans, at home, and what a great thing for the disabled, those with small kids, those who are already home bound and who probably are using food stamps.
Wouldn't it be better to provide jobs to those who cannot get a job and even possible take a few people off of the food stamp books by giving them a real job?
Never mind keeping U.S. taxpayer funds circulating within the U.S. economy.
You realize slashdot has techies from all over the world commenting and so very often you will have those techies who are loyal or interested in their own national economy agenda....posting fictional economics, etc. The same is true with sites like dailykos. They do not limit anyone based on geographical location. I'm not either unless they anonymous drive by writes something that's pure fiction.
This reminds me, if you see a comment with "payday loans" or "buy gold" in a link in it...that's a troll and troll rate that comment. They are just trying to promote their Internet scam site. Think about it, payday loans? It's a troll. They pay people overseas to post "content relative" comments trying to link up their Internet scam site.
Do the lower people on the trading scale stop committing suicide and start doing what the law will not do for them and commit homicide?
What does it take to get the American people to turn the anger outward instead of inward?
I suspect we will not have a true solution to this until the "cost of doing business" for Wall Street is death at the hands of the people you stole the money from.
Going through the entire definition of the poverty levels in the United States. Average wage levels, minimum wage levels.
Then there is part time work as well as contactors, which is an entire area from true consulting, which is a true business to people being screwed out of benefits, real wages and the ability to claim unemployment insurance.
1 person is 10,800. That's just incredible. Let's say someone rents a room, and let's say it's a $350/month.
That's $4200 and also absurdly low and implies there are even livable rooms to rent in the U.S. for that kind of money. Truth is real rent, even for a studio eats up all of that amount.
(note, Krugman seems to ignore completely the global arbitrage and offshore issues that are a major issue to most of America...are U.S. taxpayers propping up other national economies?)
Seems like we have a lot of free traders ignoring this. I posted this slashdot journal earlier today to see if the free traitors would punch holes in it. Note that in the comments, I've actually got one guy seriously arguing that a trade deficit is good for both America and China....that we'd "never" want to have our exports be greater than our imports, but that China "needs" our consumers.
So far the only real hole they've been able to punch in it is the total ignorance that my proposed subsidy would be limited to domestic goods produced for domestic sale only- and they labeled it "protectionist" merely for being a subsidy. If they don't find any other holes in the next week, after I'm done with playing with Census Interpolation (I can't find *anybody* who reports census estimates monthly- it seems the only pre-1990 data I can find is reported on a decade by decade basis).
That is assuming that the worker bee is working full time @ minimum wage. Most people at that wage only work part time. I guess its all in the definition of full time employment.
spokesman Richard James replied, “I don’t know if something got lost in translation but Jaime Ardila, President of GM Brazil did NOT say that funding for GMB projects would come from the US financial aid package. GM Brazil has $1 billion in investments that have already been approved but they will be financed by our Brazilian operations through local sources.”
Just as Opel (GM’s German division) is going to the German government for assistance, GM Brazil-Mercosur is raising capital in that country.
But how is this really a denial? GM is getting billions in federal aid to cover costs in this country and, by getting that money, it will free up initiatives in Brazil.
In other words, if GM did not get the bailout money, it could not spend the $1 billion in Brazil. Why? Because the Brazil money is dependent on GM keeping the lights on. GM is dependent on the federal government keeping GM’s lights on.
It was an Instapopulist and we had some "GM representative" claim the story is not true, but I could not find a retraction anywhere from the Brazil manager and that is a major newspaper in Brazil from where the quote originates.
I've been screaming about domestic Keynesian economics vs. this global arbitrage game for weeks now and I feel like a voice in the wilderness.
I'm fairly certain having U.S. taxpayers prop up all other global domestic economies ain't gonna work.
and these MNCs know this as well....but in absolute global terms, they are going for that exchange rate, keeping profits offshore or whatever particular tax haven suits them best.
The traditional reading on this is that Christ's followers are supposed to go out and find more followers, and if they don't, well then it's the outer darkness, wailing and gnashing of teeth for them.
But this really sounds like the way a tyrant operates, not a benevolent Father, and i think this is actually a story about the way money works. IOW, in my opinion it should be read somewhat literally. There's a number of parables that say some pretty odd things about God the Father -- if that is to whom they are indeed referring (the Wedding Guests, the Ten Virgins with Lamps, the Vineyard Workers, and so on) that might instead make more sense if they are simply basic consciousness-raising on the unfairness of living in a society driven by money and power.
In that light, this 2009 version is perhaps not that far at all from the original meaning.
I'd start with the Census statistics, here. but be careful, the workforce participation rate is not the same as population rate. In the 1920's, 1930's you had discrimination and women did not participate in the workforce, also people did not live as long.
I've been going through a few of the aggressive comments against this bill, that have been posted. You do have a point, for the sake of the U.S Economy, the beneficiaries of this scheme must be the permanent residents and the citizens.
But the fact remains, in an ailing economy which is struggling to support its manufacturing industries, auto sector, elastic commodities, housing and any product that requires credit for purchase, some support needs to be provided to all the mentioned sectors because they constitute a good chunk of national production and employ a good chunk of voluntary labour. This temporary support can only come from the government, it can't come from anywhere else. It must be viewed by the common man as the kickstart to the recovery of the American Economy. This measure will not only benefit America in the short and medium term, but the world as well, in th meedium and long term.
We must not debate that the stimulus bill must not be passed. However, we must address its intricaciea. Should there really be a fillip given to home construction, when so many houses are unoccuppied, lying idle in the NPA locker of financial institutions. Should the middle class be given tax rebates? Tax rebates must be given to the more needy. Should tax credits be given to loss making businesses. Maybe they can be given on condition of investment. Why not invite foreign investment into America. It fits within the American framework. One definite positive is the decision to pump money into streamnmlining energy production and consumption patterns. Reducing America's dependance on middle easetern oil and exploring renewable sources of energy will go a long way in moulding international energy consumption as well. Not only will energy become cleaner and stabler, but in taking such a huge initiative, America acts as an example to the rest of the worls. Climate change and the hold of the OPEC, can be tackled at once. Not only that, once the turbulent middle east has no takers for its oil, weapons will be hard to come by and world peace is a step closer. The details of the bill need improvement and the Obama administration is open to it. They are fully capable of delivering.
It's our job to participate in the process and make sure there's something in it for everyone.
BUT yours are better, at least for major celebrities that we have pictures for.
On the shading issue, is there any reason why you can't just include quote tags around your images to create instant background shading with quote marks? For instance:
I've found employment estimates, monthly, going back to 1939.
But I'm not sure I trust the BLS's population estimates for the same period (the July numbers don't seem to match the Cenus yearly estimates), and I can only seem to find yearly estimates for the Census figures going back more than a decade.
Does anybody reading this have a pointer for me to find monthly population estimate data going back to 1939?
That we need a new look at autarky as a trade strategy. Seems to me one way this could be done, that would throw a bone to the WTO watchdog while actually (gasp) providing jobs for Americans is a repeal of all federal subsidies, replaced with a set of domestic-only subsidies that encourage autarky but without actively withdrawing from foreign trade.
The way to do this would be to create a new labeling program, by which companies could receive "Buy USA Subsidy" stickers & financing equal to the difference in manufacturing cost between building/growing their product here in the United States vs their cheapest overseas competitor for the *same existing product*. To get the subsidy, they'd have to use e-Verify to prove that all of their workers are either citizens or carrying "Permanent Resident" cards, and that their entire supply chain back to Natural Resources comes from the United States and US Protectorates. In return to the WTO, we would agree to either not export "Buy USA Subsidy" products at all, or accept tariffs against such labeled products in other nations.
That way, we could make sure that at least one domestic company is building or growing every product our people want, for domestic use. It wouldn't necessarily mean we exit foreign trade altogether, but rather that we are fulfilling the "self-sufficient" obligations of an autarkic economy *before* turning to international trade for exotic luxuries.
Your article points out several pertinent facts and lends hope for a recovery by end 2009. I'm not sure I like the idea of being part of "a huge real world experiment by the fed to see if Friedman's theory is correct" though. These are uncertain times.
is you assume that people even have a job or that a corporate tax rate cut would have them create a job in the United States versus offshore.
Notice the blizzard of layoffs or did one of those falling workers hit you in the head and make you temporarily blind to the wage/unemployment reality in the United States?
Your argument against tax cuts is, of course, fundamentally flawed.
Compare the supposed $1.63 value for unemployment benefits vs. the $.30 benefit for a cut in the corporate tax rate. Assuming these figures are correct - by no means certain given Zandi's political bias - the unemployment benefits consist of a 13 week extension to already existing benefits. That's only 1 quarter, so the real value of that extension is just a one time boost of $.40, as opposed to an annual $.30 benefit which would go on for years, adding up to far more in total.
Dave
www.republicofdave.com
You ask this question, and I assume you are not being rhetorical.
Well, the simple answer is "no", Americans don't understand. The reason why, though, is more complicated.
Over the weekend, I saw some cable news person running around the heartland asking how things were. People were scared, they didn't know whether they could keep their jobs, send their kids to school, etc.. In other words, they were concerned that the "American Dream" was slipping away. But a lot of these simple, hard working Americans weren't sure if the Government stimulus legislation was right!!! Yes, their schools were in dire need of repair and upgrade, towns couldn't afford cops and ambulances, bridges needed repair, they were sorely in need of good paying jobs, and all kinds of infrastructure needs were evident in their communities. But they felt these were local concerns and the federal government shouldn't be involved in helping them resolve these problems!! So, we are all in the hands of the centrists now. The wisdom of a thousand Paul Krugmans and Joseph Stiglitzes be damned.
Obviously, the disaster capitalists (neocons) picked up on this aspect of the "American" psyche decades ago and have been using this voting bloc to their advantage ever since. So, what Paulson and Bernanke started cannot be reversed now. Geithner and Summers are going "all in" on this high stakes gambit to put "humpty dumpty" back together. We are testing the axiom of the "weak link in the chain" and we know the outcome.
Eventually though, unemployment, evictions, food shortages, etc. will become prevalent enough that a mass citizen outcry will occur. What happens after that is anyone's guess.
In the meantime, I have a question. Is any of this behaviorism in anyone's Econometric model?
is only done every 10 years and has a lot of statistical problems. So, you will not see month by month updates.
Also, they miss a lot of people and one of the huge controversies in estimating the negative costs of illegal immigration is they do not break up anything in the census by immigration/visa status. So, they "mix up" all those of Hispanic ethnicity (which is really insulting because that's something like 30 different countries!) as all being the same. They don't divide by skills, educational level, country, legal, illegal status, on a guest worker Visa or perm, U.S. citizen and so on.
That messes up badly labor economists who need detailed raw statistics on demographics to obtain accuracy on their models and equations.
It's also used (both parties) as a political tool because it determines congressional districts.
As far as the idea of using U.S. taxpayer money to only (I would say preferred) recirculate within the domestic economy of the citizens who are footing the bill...
I don't see the problem here. It's not the same as private sector money, this is domestic government expenditures.
Like food stamps. So many states have offshore outsourced the entire management of food stamps. That makes zero sense to me. Those jobs could be done by Americans, at home, and what a great thing for the disabled, those with small kids, those who are already home bound and who probably are using food stamps.
Wouldn't it be better to provide jobs to those who cannot get a job and even possible take a few people off of the food stamp books by giving them a real job?
Never mind keeping U.S. taxpayer funds circulating within the U.S. economy.
You realize slashdot has techies from all over the world commenting and so very often you will have those techies who are loyal or interested in their own national economy agenda....posting fictional economics, etc. The same is true with sites like dailykos. They do not limit anyone based on geographical location. I'm not either unless they anonymous drive by writes something that's pure fiction.
This reminds me, if you see a comment with "payday loans" or "buy gold" in a link in it...that's a troll and troll rate that comment. They are just trying to promote their Internet scam site. Think about it, payday loans? It's a troll. They pay people overseas to post "content relative" comments trying to link up their Internet scam site.
Do the lower people on the trading scale stop committing suicide and start doing what the law will not do for them and commit homicide?
What does it take to get the American people to turn the anger outward instead of inward?
I suspect we will not have a true solution to this until the "cost of doing business" for Wall Street is death at the hands of the people you stole the money from.
Going through the entire definition of the poverty levels in the United States. Average wage levels, minimum wage levels.
Then there is part time work as well as contactors, which is an entire area from true consulting, which is a true business to people being screwed out of benefits, real wages and the ability to claim unemployment insurance.
poverty levels
1 person is 10,800. That's just incredible. Let's say someone rents a room, and let's say it's a $350/month.
That's $4200 and also absurdly low and implies there are even livable rooms to rent in the U.S. for that kind of money. Truth is real rent, even for a studio eats up all of that amount.
That is assuming that the worker bee is working full time @ minimum wage. Most people at that wage only work part time. I guess its all in the definition of full time employment.
It has always been about class warfare.
GM also has billions in new plants in India, China and has offshore outsourced 22.7% increase in advanced R&D.
So, I'd say, even with a denial, RedState is right and TARP money is only not going to Brazil through some sort of accounting magic.
From RedState.com
It was an Instapopulist and we had some "GM representative" claim the story is not true, but I could not find a retraction anywhere from the Brazil manager and that is a major newspaper in Brazil from where the quote originates.
I've been screaming about domestic Keynesian economics vs. this global arbitrage game for weeks now and I feel like a voice in the wilderness.
I'm fairly certain having U.S. taxpayers prop up all other global domestic economies ain't gonna work.
and these MNCs know this as well....but in absolute global terms, they are going for that exchange rate, keeping profits offshore or whatever particular tax haven suits them best.
The traditional reading on this is that Christ's followers are supposed to go out and find more followers, and if they don't, well then it's the outer darkness, wailing and gnashing of teeth for them.
But this really sounds like the way a tyrant operates, not a benevolent Father, and i think this is actually a story about the way money works. IOW, in my opinion it should be read somewhat literally. There's a number of parables that say some pretty odd things about God the Father -- if that is to whom they are indeed referring (the Wedding Guests, the Ten Virgins with Lamps, the Vineyard Workers, and so on) that might instead make more sense if they are simply basic consciousness-raising on the unfairness of living in a society driven by money and power.
In that light, this 2009 version is perhaps not that far at all from the original meaning.
... at PPP, its closer to $16,000-$32,000.
I'd start with the Census statistics, here. but be careful, the workforce participation rate is not the same as population rate. In the 1920's, 1930's you had discrimination and women did not participate in the workforce, also people did not live as long.
I've been going through a few of the aggressive comments against this bill, that have been posted. You do have a point, for the sake of the U.S Economy, the beneficiaries of this scheme must be the permanent residents and the citizens.
But the fact remains, in an ailing economy which is struggling to support its manufacturing industries, auto sector, elastic commodities, housing and any product that requires credit for purchase, some support needs to be provided to all the mentioned sectors because they constitute a good chunk of national production and employ a good chunk of voluntary labour. This temporary support can only come from the government, it can't come from anywhere else. It must be viewed by the common man as the kickstart to the recovery of the American Economy. This measure will not only benefit America in the short and medium term, but the world as well, in th meedium and long term.
We must not debate that the stimulus bill must not be passed. However, we must address its intricaciea. Should there really be a fillip given to home construction, when so many houses are unoccuppied, lying idle in the NPA locker of financial institutions. Should the middle class be given tax rebates? Tax rebates must be given to the more needy. Should tax credits be given to loss making businesses. Maybe they can be given on condition of investment. Why not invite foreign investment into America. It fits within the American framework. One definite positive is the decision to pump money into streamnmlining energy production and consumption patterns. Reducing America's dependance on middle easetern oil and exploring renewable sources of energy will go a long way in moulding international energy consumption as well. Not only will energy become cleaner and stabler, but in taking such a huge initiative, America acts as an example to the rest of the worls. Climate change and the hold of the OPEC, can be tackled at once. Not only that, once the turbulent middle east has no takers for its oil, weapons will be hard to come by and world peace is a step closer. The details of the bill need improvement and the Obama administration is open to it. They are fully capable of delivering.
It's our job to participate in the process and make sure there's something in it for everyone.
BUT yours are better, at least for major celebrities that we have pictures for.
On the shading issue, is there any reason why you can't just include quote tags around your images to create instant background shading with quote marks? For instance:
I've found employment estimates, monthly, going back to 1939.
But I'm not sure I trust the BLS's population estimates for the same period (the July numbers don't seem to match the Cenus yearly estimates), and I can only seem to find yearly estimates for the Census figures going back more than a decade.
Does anybody reading this have a pointer for me to find monthly population estimate data going back to 1939?
That we need a new look at autarky as a trade strategy. Seems to me one way this could be done, that would throw a bone to the WTO watchdog while actually (gasp) providing jobs for Americans is a repeal of all federal subsidies, replaced with a set of domestic-only subsidies that encourage autarky but without actively withdrawing from foreign trade.
The way to do this would be to create a new labeling program, by which companies could receive "Buy USA Subsidy" stickers & financing equal to the difference in manufacturing cost between building/growing their product here in the United States vs their cheapest overseas competitor for the *same existing product*. To get the subsidy, they'd have to use e-Verify to prove that all of their workers are either citizens or carrying "Permanent Resident" cards, and that their entire supply chain back to Natural Resources comes from the United States and US Protectorates. In return to the WTO, we would agree to either not export "Buy USA Subsidy" products at all, or accept tariffs against such labeled products in other nations.
That way, we could make sure that at least one domestic company is building or growing every product our people want, for domestic use. It wouldn't necessarily mean we exit foreign trade altogether, but rather that we are fulfilling the "self-sufficient" obligations of an autarkic economy *before* turning to international trade for exotic luxuries.
Your article points out several pertinent facts and lends hope for a recovery by end 2009. I'm not sure I like the idea of being part of "a huge real world experiment by the fed to see if Friedman's theory is correct" though. These are uncertain times.
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