Ohio&Pa- HIGHEST jobless rates in nation- LIBRUL UTOPIA!

[Koios]

Or the exact opposite.

What historical precedent are you basing that on? Glory Days, so called? Or maybe when Clinton raised them and Righties predicted economic doom, but instead we had the longest period of uninterrupted growth, ever?

Or are you basing it on some other time, in support of your thesis?

Do you really think the so-called Clinton boom was caused as a result of raising taxes?

In part, certainly, since higher rates of redistribution parallel higher growth in the economy. Also, the housing market helped, with the beginning of the bubble. Online companies exploded, too, when WWW was seen as a ready-to-go alternative to the proposed Information Super Highway, which helped spur growth in middle and lower class incomes for the first (and last) time since 1980.

But certainly, it did not (and does not) harm growth, when taxes are increased to pay for stuff, including past stuff. We've done that twice in our history: post-WWII (Glory Days), and; Clinton Era (longest period of sustained growth).

 

[Avatar4321]

What historical precedent are you basing that on? Glory Days, so called? Or maybe when Clinton raised them and Righties predicted economic doom, but instead we had the longest period of uninterrupted growth, ever?

Or are you basing it on some other time, in support of your thesis?

Do you really think the so-called Clinton boom was caused as a result of raising taxes?

Military cuts.

The Clinton "boom" was because of one thing and one thing only: The internet.

So clearly Al Gore is responsible.

 

[Avatar4321]

What historical precedent are you basing that on? Glory Days, so called? Or maybe when Clinton raised them and Righties predicted economic doom, but instead we had the longest period of uninterrupted growth, ever?

Or are you basing it on some other time, in support of your thesis?

Do you really think the so-called Clinton boom was caused as a result of raising taxes?

In part, certainly, since higher rates of redistribution parallel higher growth in the economy. Also, the housing market helped, with the beginning of the bubble. Online companies exploded, too, when WWW was seen as a ready-to-go alternative to the proposed Information Super Highway, which helped spur growth in middle and lower class incomes for the first (and last) time since 1980.

But certainly, it did not (and does not) harm growth, when taxes are increased to pay for stuff, including past stuff. We've done that twice in our history: post-WWII (Glory Days), and; Clinton Era (longest period of sustained growth).

Seriously? You're going to claim that? If higher rates of redistribution parallel higher growth, we should have the government take all money

 

[Koios]

Do you really think the so-called Clinton boom was caused as a result of raising taxes?

Military cuts.

The Clinton "boom" was because of one thing and one thing only: The internet.

So clearly Al Gore is responsible.

Not entirely. But indeed it helped, and to a degree, Gore was one of the champions for it on the committee that voted to appropriate it. However, the Clinton Admin, and thus Gore, and even Bill Gates failed to predict the bandwidth the Internet would be capable of handling, and thus strongly advocated the Information Super Highway project, which never really got far due to the WWW taking off with lighting speed, sort of. The porn folks instantly saw a way to make it pay. Typical retailers spent years trying to make it pay, and in fact, the real boom in the Web was after Clinton, under Bush 43 and Obama.

 

[Koios]

Seriously? You're going to claim that? If higher rates of redistribution parallel higher growth, we should have the government take all money

No; I did not make a claim. I just said it, since it's a statement of fact.

All (100%) is far too much, and would indeed de-incentivize. But post-WWII rates did touch on 90%, for the top marginal bracket. However, the effective rate since it's progressive, across the spectrum, was far lower; less than 50%.

 

[Too Tall]

Two words:

Critical
Industry

So if it's a critical industry, how is allowing them to reorganize through legal bankrupcy going to hurt them?

It would place them at a competitive disadvantage with their critical industry counterparts in Germany, Japan, Korea and elsewhere, which all enjoy substantial government subsidies.

Moreover, re-orgs do not save jobs. They merely save what parts of the company still have value in the hope they can pay creditors and have a little profit left over to slowly come back, to a degree, hopefully. (Romney's core competency)

You'll note, if you study markets and companies, that companies that go Chapter 11 rarely if ever come back to be strong market players, much less globally dominate players needed to create vital jobs in many states, help with trade imbalances, or being one of 7 critical global industries that our economy and well being depend on to the extent they're defined as CRITICAL INDUSTRIES.

I guess you missed these examples.

The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter 11, Title 11, United States Code in the United States Bankruptcy Court for the Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc. ("New GM") to purchase the continuing operational assets of the old GM. Normal operations, including employee compensation, warranties, and other customer service were uninterrupted during the bankruptcy proceedings. Operations outside of the United States were not included in the court filing.

Chrysler files for Chapter 11 bankruptcy

Washington -- Chrysler LLC filed for bankruptcy protection Thursday afternoon and announced it has reached a partnership agreement with Italian automaker Fiat SpA.
The filing in U.S. Bankruptcy Court in New York is an effort to quickly wipe clean Chrysler's balance sheet, backed with $8 billion in U.S. government financing, in the hopes that the company will emerge in 30 to 60 days.

Once It Emerges From Bankruptcy, Let American Airlines Stay American

American Airlines is clearly making headway. The airline is expected to announce its first quarterly profit in nearly two years on Wednesday, according to a consensus of analysts. In the July quarter, American, the nation’s third-largest carrier, set an all-time company record for revenues, a mark that may be eclipsed for the period ending Sept. 30.
Other airlines are doing well, too, as demand has held steady and fuel prices have trailed off. But what’s compelling about the American story is that the carrier is in Chapter 11, following in the footsteps of United (2002), US Airways (2002 and 2004), Delta (2005), and a host of others that have gone under or have been merged into anonymity, including TWA, Pan Am, Eastern, and most recently Continental and Northwest.

 

[Newby]

Most of us are aware we live in a fledgling Plutocracy; the election this time gives me hope that the efforts of Phil Gramm, Karl Rove, the brothers Koch and Tom Delay to create an Oligarchy of and for the wealthiest Americans can be defeated by We The People - at least those of us who can think for ourselves.

Why? So you can be ruled by a different set of rich people? You people are f'in crazy.

"You people are f'in crazy" isn't an argument, doesn't offer an alternative and is nothing but an attack on the person(s) and not the(ir) argument. The first step toward a solution is to define the problem. In our country the problems is unabated greed and the lust for power.

And until you recognize that it's on both sides of the political spectrum, then you're nothing but a partisan hack.

 

[Koios]

So if it's a critical industry, how is allowing them to reorganize through legal bankrupcy going to hurt them?

It would place them at a competitive disadvantage with their critical industry counterparts in Germany, Japan, Korea and elsewhere, which all enjoy substantial government subsidies.

Moreover, re-orgs do not save jobs. They merely save what parts of the company still have value in the hope they can pay creditors and have a little profit left over to slowly come back, to a degree, hopefully. (Romney's core competency)

You'll note, if you study markets and companies, that companies that go Chapter 11 rarely if ever come back to be strong market players, much less globally dominate players needed to create vital jobs in many states, help with trade imbalances, or being one of 7 critical global industries that our economy and well being depend on to the extent they're defined as CRITICAL INDUSTRIES.

I guess you missed these examples.

Chrysler files for Chapter 11 bankruptcy

Washington -- Chrysler LLC filed for bankruptcy protection Thursday afternoon and announced it has reached a partnership agreement with Italian automaker Fiat SpA.
The filing in U.S. Bankruptcy Court in New York is an effort to quickly wipe clean Chrysler's balance sheet, backed with $8 billion in U.S. government financing, in the hopes that the company will emerge in 30 to 60 days.

Once It Emerges From Bankruptcy, Let American Airlines Stay American

American Airlines is clearly making headway. The airline is expected to announce its first quarterly profit in nearly two years on Wednesday, according to a consensus of analysts. In the July quarter, American, the nation’s third-largest carrier, set an all-time company record for revenues, a mark that may be eclipsed for the period ending Sept. 30.
Other airlines are doing well, too, as demand has held steady and fuel prices have trailed off. But what’s compelling about the American story is that the carrier is in Chapter 11, following in the footsteps of United (2002), US Airways (2002 and 2004), Delta (2005), and a host of others that have gone under or have been merged into anonymity, including TWA, Pan Am, Eastern, and most recently Continental and Northwest.

But they also got bailout Dollars, without which they would not have rebounded. And the 11 filings were merely to put creditors at bay, temporarilly. Thus the bailout Dollars went to restoring the companies, and not to pay off creditors ... which can now be done since they're bailed out.

All good. And, sorry, it won Obama the election, which is fair. Do good stuff, and you get re-elected, hopefully.

 

[The Irish Ram]

You morons in those swing states asked for it and you're getting it.. More news comes out every single day.. You IDIOTS were sold a bunch of snake oil and lapped it up like good little gubmint addicted doggies.. Now it's time to lie in the bed you BEGGED for.


Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

Are You really that damn ignorant ? There are at LEAST 7 states with HIGHER unemployment rates,BTW the majority of those with higher rates are RED STATES,explain that genius.

Obama has nothing to do with employment in Ohio, unless it is to embolden unions to demand what ever they want. I hope you don't like Twinkies.
Luckily, we have natural gas that is creating jobs in spite of Obama promise to run them into the ground too.

 

[Too Tall]

It would place them at a competitive disadvantage with their critical industry counterparts in Germany, Japan, Korea and elsewhere, which all enjoy substantial government subsidies.

Moreover, re-orgs do not save jobs. They merely save what parts of the company still have value in the hope they can pay creditors and have a little profit left over to slowly come back, to a degree, hopefully. (Romney's core competency)

You'll note, if you study markets and companies, that companies that go Chapter 11 rarely if ever come back to be strong market players, much less globally dominate players needed to create vital jobs in many states, help with trade imbalances, or being one of 7 critical global industries that our economy and well being depend on to the extent they're defined as CRITICAL INDUSTRIES.

I guess you missed these examples.

Once It Emerges From Bankruptcy, Let American Airlines Stay American

American Airlines is clearly making headway. The airline is expected to announce its first quarterly profit in nearly two years on Wednesday, according to a consensus of analysts. In the July quarter, American, the nation’s third-largest carrier, set an all-time company record for revenues, a mark that may be eclipsed for the period ending Sept. 30.
Other airlines are doing well, too, as demand has held steady and fuel prices have trailed off. But what’s compelling about the American story is that the carrier is in Chapter 11, following in the footsteps of United (2002), US Airways (2002 and 2004), Delta (2005), and a host of others that have gone under or have been merged into anonymity, including TWA, Pan Am, Eastern, and most recently Continental and Northwest.

But they also got bailout Dollars, without which they would not have rebounded. And the 11 filings were merely to put creditors at bay, temporarilly. Thus the bailout Dollars went to restoring the companies, and not to pay off creditors ... which can now be done since they're bailed out.

All good. And, sorry, it won Obama the election, which is fair. Do good stuff, and you get re-elected, hopefully.

Sorry, but I have to rub your nose in your statement.

You'll note, if you study markets and companies, that companies that go Chapter 11 rarely if ever come back to be strong market players, much less globally dominate players

You may be proven correct since GM stock is worth about half as much as we taxpayers paid for it, and Chrysler is a foreign owned company the last time I checked. They may both be back losing money in a year or two.

And your chance to get even is to point out any bailout dollars any of the Airlines got. I don't recall them getting any federal money.

 

[Koios]

I guess you missed these examples.

But they also got bailout Dollars, without which they would not have rebounded. And the 11 filings were merely to put creditors at bay, temporarilly. Thus the bailout Dollars went to restoring the companies, and not to pay off creditors ... which can now be done since they're bailed out.

All good. And, sorry, it won Obama the election, which is fair. Do good stuff, and you get re-elected, hopefully.

Sorry, but I have to rub your nose in your statement.

You'll note, if you study markets and companies, that companies that go Chapter 11 rarely if ever come back to be strong market players, much less globally dominate players

Is AA a dominant player? They're fourth largest in the US and had, in 2011, 106,013,737 passengers. That's down from 111,874,652 in 2008, and 2012 is not looking like it'll even reach 2011 passenger levels.

Meanwhile, the US Auto Industry is still #2 behind China. Bigger than Japan, Germany and South Korea.

 

[Koios]

Okay, I'll answer. Of the five major carriers in the US, AA is 4th largest. In 2005 they we're the largest, in the world. And from 2005 thru 2011, here's the growth in passengers of the top 4 carriers:

Delta Air Lines ... 90.49%
United Airlines ... 112.54%
Southwest Airlines ... 53.06%
American Airlines ... 8.14%

 

[NYcarbineer]

Don't assume that the people of OH and PA wanted jobs. What they wanted was more benefits. That's what they voted for.

No, not really. I live in PA, and I didn't want Obama back in office. If you look at the state map, almost every county is red. It's Philly and Pittsburgh that overrode the rest of the state. All the rest of us are just stuck with their choices. My county went red, as did the majority of them.

2012 Election Results Map by State - Live Voting Updates - POLITICO.com

You mean counties like Potter County, with a population of 17,000?

LOL

 

[NYcarbineer]

Or the exact opposite.

What historical precedent are you basing that on? Glory Days, so called? Or maybe when Clinton raised them and Righties predicted economic doom, but instead we had the longest period of uninterrupted growth, ever?
Or are you basing it on some other time, in supported of your thesis?

You mean under Reagan which continued under Clinton thanks to Reagan's policies? That longest period of growth?

I thought Clinton signed the biggest tax increase in history, in 1993. Without Republican support.

How is that a continuation of Reagan's policies?

 

[NYcarbineer]

I wonder why the idiot who started this thread didn't mention the state with best numbers in this latest report was

California.

?? Eh?

 

[Wry Catcher]

You morons in those swing states asked for it and you're getting it.. More news comes out every single day.. You IDIOTS were sold a bunch of snake oil and lapped it up like good little gubmint addicted doggies.. Now it's time to lie in the bed you BEGGED for.


Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

Are You really that damn ignorant ? There are at LEAST 7 states with HIGHER unemployment rates,BTW the majority of those with higher rates are RED STATES,explain that genius.

Hey, off topic (but before let me assure you she really is that ignorant and nasty too) I really like your avatrar. My wife is thinking about a Bernese Mountain Dog and I prefer mixed bread dogs (our last was German Shepard Keeshound Mix and a great dog). Is that a photo of your pet? If so mind sharing the breed(s) and 'personality'?

 

[Wry Catcher]

Do you really think the so-called Clinton boom was caused as a result of raising taxes?

Military cuts.

The Clinton "boom" was because of one thing and one thing only: The internet.

So clearly Al Gore is responsible.

Nice attempt at humor, mean spirited as aways.

Most of us with IQ's in the triple digits, and many with IQ'a 90 or above understand cause and effect is not a simple deduction.

 

[Too Tall]

But they also got bailout Dollars, without which they would not have rebounded. And the 11 filings were merely to put creditors at bay, temporarilly. Thus the bailout Dollars went to restoring the companies, and not to pay off creditors ... which can now be done since they're bailed out.

All good. And, sorry, it won Obama the election, which is fair. Do good stuff, and you get re-elected, hopefully.

Sorry, but I have to rub your nose in your statement.

You'll note, if you study markets and companies, that companies that go Chapter 11 rarely if ever come back to be strong market players, much less globally dominate players

Is AA a dominant player? They're fourth largest in the US and had, in 2011, 106,013,737 passengers. That's down from 111,874,652 in 2008, and 2012 is not looking like it'll even reach 2011 passenger levels.

Meanwhile, the US Auto Industry is still #2 behind China. Bigger than Japan, Germany and South Korea.

The US Auto Industry builds a lot of Japanese, German and South Korean cars in the United States.

 

[Too Tall]

Okay, I'll answer. Of the five major carriers in the US, AA is 4th largest. In 2005 they we're the largest, in the world. And from 2005 thru 2011, here's the growth in passengers of the top 4 carriers:

Delta Air Lines ... 90.49%
United Airlines ... 112.54%
Southwest Airlines ... 53.06%
American Airlines ... 8.14%

But what’s compelling about the American story is that the carrier is in Chapter 11, following in the footsteps of United (2002), US Airways (2002 and 2004), Delta (2005)

Don't get hung up on #4 AA when #1 Delta and #2 United also went through Chapter 11.

 

[Koios]

Okay, I'll answer. Of the five major carriers in the US, AA is 4th largest. In 2005 they we're the largest, in the world. And from 2005 thru 2011, here's the growth in passengers of the top 4 carriers:

Delta Air Lines ... 90.49%
United Airlines ... 112.54%
Southwest Airlines ... 53.06%
American Airlines ... 8.14%

But what’s compelling about the American story is that the carrier is in Chapter 11, following in the footsteps of United (2002), US Airways (2002 and 2004), Delta (2005)

Don't get hung up on #4 AA when #1 Delta and #2 United also went through Chapter 11.

Okay; I agree airlines are an exception to the rule. Most others suffer significant market share loss, due to competitors cannibalizing them and the damage to their market brand. Meanwhile, GM and Chrysler did not. They filed, but we bailed them out. Not all go "through" C11. Some are acquired, too. But biggies, which the auto industry is, are simply too vital to leave it to market forces alone. (hope and a prayer) It needed our help, and no one is questioning the payback, which directly and indirectly will be many multiples in very short order.