Nearly 1 million new jobs in July, S&P hits new record

[Papageorgio]

There was more to the stimulus than just a $1400 check
It gave America a kick in the pants

Thanks Mr President


Republican policies destroyed the Obama Economy

It helped create the largest transfer of wealth from the poor and middle class to the wealthy. The economy better be in good shape with trillions being released into economy. We should be doing much better than what we are doing. I'm glad to see us doing well but we are walking a fine line.

 

[colfax_m]

A huge boost?

Look pal, I don't know what you do for a living, but if you think $1,400 bucks is life changing, you are in a pretty poor field of work. That's what, a months rent for a lot of people, a mortgage payment perhaps? Two or three additional car payments?

For most people, $1,400 is a little help, not a salvation to their financial needs.

For starters, you’re ignoring massive chunks of the stimulus bill. Second, you’re considering personal benefit, not economic benefit which is the subject here.

It’s easy to point to a massive economic stimulus as a reason for economic growth. The fact that you find flimsy reasons to disagree just demonstrates partisanship rather than reason.

 

[Papageorgio]

"Reagan proved deficits don't matter."
Dick Cheney
'I don't worry about the deficit. It's big enough to take care of itself.'
Ronald Reagan

So? What does that have to do with anything? I asked rightwinger is debt matters and he failed to answer. So are you of the same belief of Cheney and Reagan? Does debt matter?

 

[rightwinger]

I asked rightwinger is debt matters and he failed to answer

I answered
Read post #100

 

[Papageorgio]

There is good debt and bad debt

If you borrow $25,000 for a Vegas vacation, that is bad debt

If you borrow $25,000 to fix your roof, that is good debt

So you are saying if we go bankrupt for going to Vegas that would be worse than going bankrupt due to your roof? When you get kicked out of your home, maybe then you can think about it.

 

[edthecynic]

The Republicans stopped the fed unemployment in May and June, and all of a sudden in July, the jobs numbers increase greatly

BULLSHIT!
They didn't start cutting the UE benefits until the middle of June, having no effect on the June UE numbers, where the employment number went up by nearly 1 million, so the July numbers being the same as June means the cruel GOP cuts had no effect on July either.

 

[Papageorgio]

I answered
Read post #100

No, you didn't, you decided that some debt is better than other debt. Does debt matter?

 

[Crepitus]

Eventually we'll get back most of the 20 million jobs Democrats caused us to lose in April 2020 with their lockdowns.
When they start creating new jobs....let me know.

Eventually we'll get back most of the 20 million jobs tRump
caused us to lose in April 2020 with his terrible, nay criminal, virus response.

 

[meaner gene]

So you are saying if we go bankrupt for going to Vegas that would be worse than going bankrupt due to your roof? When you get kicked out of your home, maybe then you can think about it.

You're being stupid.
The money you put into your roof, you get back even after bankruptcy. The money you put into Vegas is gone forever.

 

[edthecynic]

I've been around this world a long fucking time and have seen and done more than you ever will.

BULLSHIT child.

 

[citygator]

So you are saying if we go bankrupt for going to Vegas that would be worse than going bankrupt due to your roof? When you get kicked out of your home, maybe then you can think about it.

Infrastructure, like a roof, is an investment. If you repair your roof for $25,000 it’s now worth $25,000 more.

 

[Lesh]

Just 30 days ago, right wing Republicans were telling us how BAD the economy and jobs picture was going forward.

They are nearly ALWAYS wrong

 

[citygator]

Has it crashed?

 

[meaner gene]

Just 30 days ago, right wing Republicans were telling us how BAD the economy and jobs picture was going forward.

They are nearly ALWAYS wrong

Every time the stock market goes down, they predict it will continue to fall.

Every time the stock market reaches record levels, they complain we only talk about the stock market when it goes up.

Well, that means we talk about the stock market a lot under Biden.

 

[rightwinger]

No, you didn't, you decided that some debt is better than other debt. Does debt matter?

That s your answer Skippy

 

[Papageorgio]

You're being stupid.
The money you put into your roof, you get back even after bankruptcy. The money you put into Vegas is gone forever.

No stupid, you are, if you have no money and can't pay your roof off, you file bankruptcy and if you can't make it better after that, the come and repose your home.

 

[meaner gene]

No, you didn't, you decided that some debt is better than other debt. Does debt matter?

For decades republicans have been saving that deficits don't matter.
From Reagan to Regan, from Bush to Bush.

They didn't even have a debt ceiling under Trump.

 

[rightwinger]

So you are saying if we go bankrupt for going to Vegas that would be worse than going bankrupt due to your roof? When you get kicked out of your home, maybe then you can think about it.

Let’s look at it this way

If you don’t invest in a new roof, your entire investment in your home will be gone.

Good debt

 

[citygator]

No stupid, you are, if you have no money and can't pay your roof off, you file bankruptcy and if you can't make it better after that, the come and repose your home.

You borrow equity from your house if you don’t have the $25,000. Internet is tax deductible too.

 

[Papageorgio]

That s your answer Skippy

If you don't want to answer that is fine.