Consumers create jobs.

Discussion in 'Economy' started by LilOlLady, Jul 28, 2012.

  1. LilOlLady
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    LilOlLady Gold Member

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    CONSUMERS CREATE JOBS.

    When President Bush took office in 2001, he inherited a $236 billion budget surplus, with a projected 10-year surplus of $5.6 trillion. Unemployment was at 4.0% in January 2001. Unemployment was at 7.85 when Obama took office in January 2009. Bush’s Economic Growth and Tax Relief Reconciliation Act of 2001 cut taxes by $1.35 trillion over 10 years by making many changes. Did not create one job but cause Government $1.35 trillion in lost revenue, resulting in Government jobs lost. Especially in government that create jobs. If big and small businesses did not pay any taxes at all they still would not create any jobs. 11 years after Bush’s tax cuts unemployment is at 8.2% down because of Obama’s stimulus and because tax cuts do not create jobs. Like it or not, Radical Right Wing Extremists, government spending and government created jobs got us out of the great depression and will get us out of this recession. Stimulus money lowered unemployment down to 8.2%. If not for the stimulus ti would be well over 8.2%. But RRWE have cut government spending and cut Government jobs.

    Government spending and government jobs will put people to work, create revenue and the employed will spend money on products and services and business will sell more products and services and will need to hire more people. Result. A growing economy out of the recession. A 5th grader figured this out.

    Government can create jobs because Government do not have to make an immediate profit. Profit will come later in the form of taxes that will pay for the jobs Government create.
    Consumers create jobs and not big or small businesses. Bush tax cut create this recession by cutting tax revenue by $1.35 trillion. It took money out of the hands of government and Government had to cut spending and cut government jobs, cutting more revenue and taking money out of the hands of consumers. Consumers having no money to buy big and small business’s products and services caused businesses to lay of employees and some went bankrupt. Results in no money in anyone’s hands. Resulting in a great recession.
    Private sector cannot create jobs without consumers.

    If RRWE know how to create jobs and healthcare for all, they had 10 years of Bush to do it and they didn’t.
     
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  2. expat_panama
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    expat_panama Silver Member

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    Words mean things (from here):
    job
    n.
    1. A regular activity performed in exchange for payment, especially as one's trade, occupation, or profession.
    2. A position in which one is employed.​

    In real life the federal government hires one person for every 35 people that business hire. The federal government does in fact hire millions of people --4,443,000!. Seriously though, let's keep in mind that total employment in the US is 142,415,000 --35 private jobs for every individual gov't job. Kind of like mommy washing Thanksgiving dishes and the 3-year old comes in to 'help'. Mommy puts the kid on a chair and lets him rinse a saucer, and the rest of the day the kid says "I did the dishes today!". Everyone smiles and looks at mommy. In the same way I have to smile when you point out that gov't creates jobs that I voted for and I paid for. Same for consumers creating jobs --only happens when someone hires a full time babysitter, maid, or other kind of regular help.

    Back in the adult world it's businesses that hire people.
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    Gov't could "hire" people to sit around all day and do nothing. That would get millions of dollars in the hands of consumers. According to Little Old Fraud that would grow the economy massively.
    In real life it matters what kind of job people do. People employed in the private sector are contributing to the economy. People employed in the public sector are a drag on the economy.
     
  4. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Unemployment stood at 4.6 when Nancy Pelosi and Harry Reid (The Democrats) took over control of the purse strings in 2007...an astonishing slide in the economy then followed.
     
  5. expat_panama
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    expat_panama Silver Member

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    That's how it's worked for decades...
    [​IMG]
    Congress passes laws, and raises taxes. Bases on how things work, Republican control of both houses should return unemployment back to 4%.
     
  6. editec
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    editec Mr. Forgot-it-All

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    Consumers create DEMAND.

    Capitalists respond to DEMAND by creating or increasing the PRODICTIVE CAPACITY to respond to this perceived DEMAND.
     
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  7. PredFan
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    PredFan Gold Member

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    And that's the end of this thread.
     
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  8. uscitizen
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    uscitizen Senior Member

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    Yeah but the new twist in the game is that productive capacity is increased in Chana and such places, not much at all in the USA.
     
  9. onecut39
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    onecut39 VIP Member

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    roflmao!!!!
     
  10. expat_panama
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    expat_panama Silver Member

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    Thanks, I'd been wondering if there was anything else to this.
     

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