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U.S. added 911k fewer jobs in year through March than reported earlier

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Re: U.S. added 911k fewer jobs in year through March than reported earlier

#221

Post by nemomarx »

trod1234 wrote: post #204
TheBicPen wrote: post #191

Earlier quoted context omitted.

> First-passed-the-post voting is fundamentally flawed, and so is ranked choice... What voting system so you think is best? None are perfect but IMO ranked choice is the best as it keeps the good attributes of FPTP without suffering from the spoiler effect

[flagged]

you're getting the karma for calling Harris a communist not for making the very normal observation that first past the post is a bad system

Harris was promising to be tough on border and crime and to expand the military, she was basically a bush Republican

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#222

Post by malnourish »

trod1234 wrote: post #173
cjfd wrote: post #166

Earlier quoted context omitted.

[flagged]

Its hard to ascribe individual responsibility in that way when the only two choices were existentially awful. "You elected an idiot president...", the choices were Communism, or Fascism; which is recoverable and better for people. Certainly not the former, but to be clear neither are a real choice when you vote for democracy, and not voting is a vote for both fascism/communism at the same time. Such was a similar fai…

I am legitimately surprised that someone who can write complete and cogent sentences believes that a vote for one of the two presidential candidates was a vote for communism.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#223

Post by pjmlp »

jghn wrote: post #215
rsynnott wrote: post #156

Earlier quoted context omitted.

At least on the US tariffs thing, congress can put Trump back in his box and revert to normalcy any time it wants to; the threat of stagflation might make it do that. The previous stagflation incident was more driven by outside forces.

Don't worry. Congress will take back this power as soon as a Dem is in office.

As they say in Austria, hope dies last, yet it dies as well.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#224

Post by mindslight »

trod1234 wrote: post #173
cjfd wrote: post #166

Earlier quoted context omitted.

[flagged]

Its hard to ascribe individual responsibility in that way when the only two choices were existentially awful. "You elected an idiot president...", the choices were Communism, or Fascism; which is recoverable and better for people. Certainly not the former, but to be clear neither are a real choice when you vote for democracy, and not voting is a vote for both fascism/communism at the same time. Such was a similar fai…

"Don't blame me, I voted conservative"

Funny how all the people who would traditionally trot out that phrase immediately forgot it as soon as the other team had the conservative candidate.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#225

Post by npalli »

Not to be a Doomer but the last time I recall a revision around this magnitude was during the GFC[1].

   Summary of the benchmark revisions The March 2009 benchmark level for total  nonfarm employment is 131,175,000; this figure is 902,000 below the sample-based estimate for March 2009, an adjustment of -0.7 percent. Table 1 shows the total nonfarm percentage benchmark revisions for the past ten years.
https://www.bls.gov/ces/publications/benchmark/ces-benchmark...

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#226

Post by hungmung »

wredcoll wrote: post #211
hungmung wrote: post #182

Earlier quoted context omitted.

This goes back to 2016, when Dems decided it was better to nominate one of the least popular American politicians in living memory than the alternative candidate who had broad working class appeal. Not to mention they juiced up Trump's campaign because that was the only candidate Mi Abuela was projected to win against. Yeah Trump may be the Antichrist but we wouldn't be here without him being able to run against some…

Democrat nominations are voted on by large numbers of people.

Superdelegates hamstrung the process. Kate Brown for instance, the governor of Oregon at the time (who btw was an unelected governer during that term, as her predecessor had stepped down) voted against the will of her constituents for Hilldog -- Oregon had overwhelmingly supported Bernie. Let's not forget some of the caucuses in other states which were outright rigged. An auditorium blew up for Bernie but the presiding party official put it in for Clinton. When shit like that just happens out in the open you have to wonder what's going on behind closed doors.

I believe Republicans actually have a democratic nomination process without superdelegates, which is how they got Trump -- IIRC he had a few early wins and snowballed from there.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#227

Post by SilverElfin »

baron816 wrote: post #136
cs702 wrote: post #53

If unemployment continues to rise, and the one-time impact on prices of tariffs leads to self-reinforcing high inflation, we'll have stagflation : https://en.wikipedia.org/wiki/Stagflation I sure hope not , because stagflation would be extremely unpleasant for everyone. Central banks like the Federal Reserve would be forced to raise interest rates, to put stress on businesses and consumers, so businesses find themsel…

The good news is that these economic problems are entirely the result of bad policies and can be reversed. If we were to also raise broad based taxes, it would allow the Fed to cut interest rates, stoking long term investment, loosen up the housing market (which would allow more people to move), lower the Federal deficit, and improve the trade balance (as if that actually mattered).

> The good news is that these economic problems are entirely the result of bad policies and can be reversed.

I think one danger for western countries is having governments that just move from one bad policy of one kind to a bad policy from the other end of the political spectrum. Look at what’s happened recently with resignations at the highest levels of government in multiple countries. And in America, if Trump gets replaced by someone who is put forth as a reaction to him, are they going to really do any good? Even if they had great policies, they’d be in danger of being undone a few years later. There isn’t the same guarantee of consistent forward progress that a country of China seems to be enjoying.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#228

Post by geoka9 »

tavavex wrote: post #201
riehwvfbk wrote: post #78

Earlier quoted context omitted.

[flagged]

Has either the US or the EU ever promised not to retaliate against their enemy states or something? Actually, has any nation or national organization in the world ever promised that? You know, not to engage in war or any retaliation for anything? Just be arbitrarily 'fair'? You're creating standards that simply never existed. When war is on the table, all bets are off, it has always been that way. Once you do what Ru…

Not to mention that most (all?) of those assets haven't been seized. They were frozen (although the interest earned on them was seized by diverting it to Ukraine in some cases).

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#229

Post by ck2 »

baron816 wrote: post #136
cs702 wrote: post #53

If unemployment continues to rise, and the one-time impact on prices of tariffs leads to self-reinforcing high inflation, we'll have stagflation : https://en.wikipedia.org/wiki/Stagflation I sure hope not , because stagflation would be extremely unpleasant for everyone. Central banks like the Federal Reserve would be forced to raise interest rates, to put stress on businesses and consumers, so businesses find themsel…

The good news is that these economic problems are entirely the result of bad policies and can be reversed. If we were to also raise broad based taxes, it would allow the Fed to cut interest rates, stoking long term investment, loosen up the housing market (which would allow more people to move), lower the Federal deficit, and improve the trade balance (as if that actually mattered).

It would require admitting policies were wrong

And obeying the Constitution

And a lot of other things that are never going to happen

It will take a decade to dig out of this hole

And then there will be 11 million people "disappeared" from labor market

They are on a crime-spree, you don't do this much damage without malice

Look at what they are doing to the WhiteHouse Oval Office, Rose Garden, ballroom, look at the BILLION dollars stolen from nuclear missile maintenance for a personal jumbo jet, etc. etc.

Re: U.S. added 911k fewer jobs in year through March than reported earlier

#230

Post by jshen »

baron816 wrote: post #136
cs702 wrote: post #53

If unemployment continues to rise, and the one-time impact on prices of tariffs leads to self-reinforcing high inflation, we'll have stagflation : https://en.wikipedia.org/wiki/Stagflation I sure hope not , because stagflation would be extremely unpleasant for everyone. Central banks like the Federal Reserve would be forced to raise interest rates, to put stress on businesses and consumers, so businesses find themsel…

The good news is that these economic problems are entirely the result of bad policies and can be reversed. If we were to also raise broad based taxes, it would allow the Fed to cut interest rates, stoking long term investment, loosen up the housing market (which would allow more people to move), lower the Federal deficit, and improve the trade balance (as if that actually mattered).

I don't believe it's entirely the result of bad policies, but you also left if vague. Which bad policies are entirely causing this in your opinion?
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