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Politics Chatboard

Passing a bill to see what is in it!

by T.E.C. - Iowa

May 4, 2017

So the Republicans are voting for a healthcare program that they do not have a clue what it will cost or what will happen - as is evident by the lack of a CBO scoring.

So much for the Republican complaint regarding "passing a bill to see what is in it!"

It is amazing that Ronald Reagan thought socialized medicine would destroy the...See More

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Tim Finnegan On 5/04/17, T.E.C. - Iowa wrote: > So the Republicans are voting for a healthcare program that they do not have a clue what it will cost or what will happen - as is evident by the lack of a CBO scoring. > > So much for the Republican complaint regarding "passing a bill to see what is in it!" > > It is amazing that Ronald Re...See More

May 4, 2017

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T.E.C. - Iowa Tim, it is interesting that your post is all about the democrats rather than the Americans who may be adversely impacted by this bill!

I have written all along that Obamacare was a giveaway to the health care industry. All that is happening now is, the Republicans are increasing the giveaway - this time to the tune of 600 billion dollars.

May 4, 2017

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Russia - Trump connections [Timeline]

by Chalky

May 3, 2017

The link in the following post might be worth bookmarking for some who are interested in a comprehensive, documented resource of all the events associated with the Trump Team's relationship with Russia.

It will be updated as things develop.

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Chalky On 5/03/17, Chalky wrote: > The link in the following post might be worth bookmarking for some who are interested in a comprehensive, documented resource of all the events associated with the Trump Team's relationship with Russia. > > It will be updated as things develop.

May 3, 2017

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Hillary leaked classified info (but we already knew this)

by EasTexSteve

May 3, 2017

Wow! She illegally sent classified info to the weiner!

- - -

Hillary Clinton emails containing classified information were forwarded to former congressman Anthony Weiner, the director of the FBI testified Wednesday as he defended his handling of politically sensitive probes surrounding the last year's presidential race.

W...See More

May 2, 2017

A fascinating description of America is found in Chris Hedges article, "Reign of Idiots." Here are some examples:

1. Idiot generals wage endless, unwinnable wars that bankrupt the nation.

2. Idiot economists call for reducing taxes for the rich and cutting social service programs for the poor, and project economic growth on the ba...See More

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Hmmm On 5/02/17, T.E.C. - Iowa wrote: > A fascinating description of America is found in Chris Hedges article, "Reign of Idiots." Here are some examples: > > 1. Idiot generals wage endless, unwinnable wars that bankrupt the nation. > > 2. Idiot economists call for reducing taxes for the rich and cutting social service programs f...See More

May 2, 2017

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Climate Change!

by T.E.C. - Iowa

Apr 24, 2017

I see the carbon dioxide level in the atmosphere has hit 410 ppm! This ever-increasing number is going to cause things to end badly for this planet!

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Chalky On 5/01/17, T.E.C. - Iowa wrote: > Now this by Ltl is worth discussing, "I would very much > like to understand the perceived benefits of denying > climate change." > > I too will be waiting for an answer. >

Waiting.

May 1, 2017

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Hmmm On 5/02/17, Bob R/CA wrote:

> On 5/01/17, Chalky wrote:

>> On 5/01/17, T.E.C. - Iowa wrote:

>>> Now this by Ltl is worth discussing, "I would very much

>>> like to understand the perceived benefits of denying

>>> climate change."

>>>
<...See More

May 2, 2017

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US has regressed to developing nation

by T.E.C. - Iowa

May 2, 2017

This is the economy Neoliberal Capitalism has created! From the article," US has regressed to developing nation status, MIT economist warns", you find this:

(Quote)

The economist describes a two-track economy with on the one hand 20 per cent of the population that is educated and enjoys good jobs and supportive social n...See More

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ObamaCare repeal?

by Chalky

Apr 29, 2017

Not going to happen.

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Lulu On 5/01/17, T.E.C. - Iowa wrote:

> About unemployment, the normal goverment number is the U-3 > unemployment and is a terrible measure because part-time > workers are counted as full time and discouraged workers > are not counted. Nor does it tell you the quality of the > job.

Even if you look at the U-6 rate (U3 +...See More

May 1, 2017

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T.E.C. - Iowa Lulu mentions the U-6 unemployment rate which is a better measure than the U-3, which is normally cited. Regardless of what you think of the economy, IMHO, it is awful; if for no other reason than all of the new wealth being generated is going to the richest.

Let me start by saying that the U-6 and the U-3 tend to run parallel when on a gr...See MoreLulu mentions the U-6 unemployment rate which is a better measure than the U-3, which is normally cited. Regardless of what you think of the economy, IMHO, it is awful; if for no other reason than all of the new wealth being generated is going to the richest.

Let me start by saying that the U-6 and the U-3 tend to run parallel when on a graph. So now for the puzzle, the graph below is the U-3 vs. the employment/population ratio. Because one is employment and the other unemployment, the two should run inversely - and they do.

Well I take that back! They tend to be a mirror image up to 2010. From 2010 forward, we see a big drop in the U-3 without much of an increase in the Employ/pop ratio. The question is why?

I cannot say I am done researching this, but, so far, the best explanation is the U-3 is being artificially lowered by people totally leaving the work force - that is, they are not discourage or other classifications.

When this happens both the numerator and the denominator are decreased. Yet, this subtraction does not give you the same percentage. It gives you a lower percentage.

Here it is explained in reference to the U-3 in the article "Why falling unemployment doesn't always mean rising employment."

(Quote)

Now, here is the problem. Suppose someone has been unemployed for a long time and quits looking for work. (Economists call them discouraged workers.) This person no longer counts as unemployed but rather as "not in the labor force." This means that both the unemployment number and the labor force number go down and, since the number of unemployed is usually quite a bit smaller than the labor force, this number will fall faster and the unemployment rate will decrease.

(End quote)

Again, I am not saying I have finished researching this! Yet, I am suggesting both the U-3 and the U-6 are decreasing because of a simultaneous decrease in both the numerator and the denominator. Thus there are simply fewer people to employ.

This is bolstered by the 2016 article, " Lower unemployment rate due to smaller work force, not more jobs", which says, " A new report published by the Century Foundation shows that though the unemployment rate is going down, the decreasing numbers aren’t due to a spike in employment rates or job creation. Instead, more people are leaving the work force entirely.

Thus, I prefer the employment/population ratio!

If the image does not load, click the link and see the first graph on the page.

May 1, 2017

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