Fed worried about its loose policies

cawacko said:
so you are arguing Congress didn't spend enough money after it passed job killing legislation in ACA and Dodd-Frank.

Nice try Fed pumper.
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I'm not "arguing" it, I DEMONSTRATED it....

now you've frequently used the term "hack" this morning.....allow me to show you "hack"


after it passed job killing legislation in ACA


let's reconcile this brain dead slogan with some Reality...

ACA passed at the end of March 2010.....

between then and now, the economy has added 16 million jobs......in the ENTIRE COURSE of Supply Side Idiocy, Part Deux, total non-farm payrolls showed an increase of LESS THAN 600,000......

furthermore, the second term under Obama saw the 3rd highest private sector payroll growth in US history....


So who told you to believe that ACA "killed jobs"?
 
blackvegetable said:
I'm not "arguing" it, I DEMONSTRATED it....

now you've frequently used the term "hack" this morning.....allow me to show you "hack"


after it passed job killing legislation in ACA


let's reconcile this brain dead slogan with some Reality...

ACA passed at the end of March 2010.....

between then and now, the economy has added 16 million jobs......in the ENTIRE COURSE of Supply Side Idiocy, Part Deux, total non-farm payrolls showed an increase of LESS THAN 600,000......

furthermore, the second term under Obama saw the 3rd highest private sector payroll growth in US history....


So who told you to believe that ACA "killed jobs"?
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so on one hand you're arguing not enough spending from Congress forced the Fed to keep rates at zero but now you're arguing the economy had this explosive growth. So why was QE needed with this massive private sector growth?
 
cawacko said:
How Many Jobs Does ObamaCare Kill?

We surveyed managers at small businesses and put the count at 250,000.

https://www.wsj.com/articles/how-ma...e-SB11008173468660934201004583236572058410806


Dodd-Frank is crushing smaller and community banks who aren't able to keep up the cost of the regulations. If the goal is big banks only this is a good piece of legislation.
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Please shut the fuck up, cnbc NoVAR.....I swear, I might as well be listening to that fucking douche maria bartiromo.....

let's put that "opinionated" 250,000 into some context......

16 million new jobs since the passage of the law......and that's NOT "opinion", that's payroll data.....
 
blackvegetable said:
Please shut the fuck up, cnbc NoVAR.....I swear, I might as well be listening to that fucking douche maria bartiromo.....

let's put that "opinionated" 250,000 into some context......

16 million new jobs since the passage of the law......and that's NOT "opinion", that's payroll data.....
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As any brilliant economist such as yourself would know that jobs grew overall doesn't necessarily mean the ACA didn't hurt growth.
 
cawacko said:
so on one hand you're arguing not enough spending from Congress forced the Fed to keep rates at zero but now you're arguing the economy had this explosive growth. So why was QE needed with this massive private sector growth?
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One thing at a time.....

are you denying the facts about employment since April 2010?

Or those of fiscal policy during the same period?

Let's expose your ignorance once again....

+/- 1%, what was the growth rate of federal spending during the following periods


81-89

01-09

09-17

?

I bet you don't have the vaguest idea....

now who lied to you about ACA killing jobs?
 
cawacko said:
As any brilliant economist such as yourself would know that jobs grew overall doesn't necessarily mean the ACA didn't hurt growth.
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Of course.....because Boldly Asserting that it did is dispositive.....demonstrating that it didn't - well, some folks don't cotton to having their Articles of Faith gobsmacked by The Priest of Reality....

But that's never stopped me....
 
blackvegetable said:
One thing at a time.....

are you denying the facts about employment since April 2010?

Or those of fiscal policy during the same period?

Let's expose your ignorance once again....

+/- 1%, what was the growth rate of federal spending during the following periods


81-89

01-09

09-17

?

I bet you don't have the vaguest idea....

now who lied to you about ACA killing jobs?
Click to expand...

the subject of the thread is on the Fed. If you want to get into a partisan bitching match about why you think Democrats are so great be my guest and start a thread on it. You're trying to justify QE by claiming the economy needed it while simultaneously stating how great the economy was.
 
cawacko said:
the subject of the thread is on the Fed. If you want to get into a partisan bitching match about why you think Democrats are so great be my guest and start a thread on it. You're trying to justify QE by claiming the economy needed it while simultaneously stating how great the economy was.
Click to expand...

I'm just bringing you up to speed on the facts......I don't answer to how you choose to qualify them.

You have no idea what you are talking about......find another topic - this ain't our jam...
 
cawacko said:
the subject of the thread is on the Fed. If you want to get into a partisan bitching match about why you think Democrats are so great be my guest and start a thread on it. You're trying to justify QE by claiming the economy needed it while simultaneously stating how great the economy was.
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Why won't you name the person who told you to think that ACA "killed jobs"?

You watch a lot of cavuto?
 
blackvegetable said:
I'm just bringing you up to speed on the facts......I don't answer to how you choose to qualify them.

You have no idea what you are talking about......find another topic - this ain't our jam...
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Thanks Krugman for all your great insights. Still backing QE and gov't stimulus I see.
 
cawacko said:
Thanks Krugman for all your great insights. Still backing QE and gov't stimulus I see.
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Read him about 4 times per year.....I've been wanting rate increases for 2 years. That said, anyone who ever cast a vote for Scrub should build a shrine in their house to Ben Bernanke...absent his sound stewardship, we'd all be speaking Canadian....

and as far as stimulus is concerned, we've applied the same prescription to every post ww2 recession - except the most recent, and severe.....

You still owe me some federal spending numbers, btw...or you could just admit that you have no idea....

Who told you that ACA was "killing jobs"?
 
blackvegetable said:
Read him about 4 times per year.....I've been wanting rate increases for 2 years. That said, anyone who ever cast a vote for Scrub should build a shrine in their house to Ben Bernanke...absent his sound stewardship, we'd all be speaking Canadian....

and as far as stimulus is concerned, we've applied the same prescription to every post ww2 recession - except the most recent, and severe.....

You still owe me some federal spending numbers, btw...or you could just admit that you have no idea....

Who told you that ACA was "killing jobs"?
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The Fed created the housing bubble. The Fed, though its past actions, allowed the moral hazard we saw to exist. Yet you want to thank them?
 
cawacko said:
The Fed created the housing bubble. The Fed, though its past actions, allowed the moral hazard we saw to exist. Yet you want to thank them?
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No they didn't....I assume you heard that from whomever told you about dead jobs......you're a Trebuchet Loader......

And given that Bernanke didn't become Fed Chair until 2006, he is an unlikely suspect.

Don't you think it is time you answered MY questions?
 
blackvegetable said:
No they didn't....I assume you heard that from whomever told you about dead jobs......you're a Trebuchet Loader......

And given that Bernanke didn't become Fed Chair until 2006, he is an unlikely suspect.

Don't you think it is time you answered MY questions?
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Please share with us what caused the crash then because it you are claiming I don't use facts you have clearly concocted some scenario for the crisis to have occurred. I would love to hear you world view were you place no blame on the Fed.
 
cawacko said:
Please share with us what caused the crash then because it you are claiming I don't use facts you have clearly concocted some scenario for the crisis to have occurred. I would love to hear you world view were you place no blame on the Fed.
Click to expand...

I see it pretty much the same as the FCIC (google it).....

The main structural problem involved incentives.....it became a matter of bundling and peddling.....as long as those in the chain weren't going to be stuck with the hot potato, everyone was making cake....The Fed contributed only in very small part through the obdurate refusal of the Randian-in-Chief to accept that markets CANNOT always self correct. I would also note that Rand's former boy toy was quite sympathetic to Supply Side Idiocy, and likely fashioned policy to accommodate it.

There has been some interesting work done demonstrating the debt Scrub economy owed to the credit binge....it explains nearly ALL of the GDP growth in his first term....

Why are you so shy about sharing who tells you what to think?
 
blackvegetable said:
I see it pretty much the same as the FCIC (google it).....

The main structural problem involved incentives.....it became a matter of bundling and peddling.....as long as those in the chain weren't going to be stuck with the hot potato, everyone was making cake....The Fed contributed only in very small part through the obdurate refusal of the Randian-in-Chief to accept that markets CANNOT always self correct. I would also note that Rand's former boy toy was quite sympathetic to Supply Side Idiocy, and likely fashioned policy to accommodate it.

There has been some interesting work done demonstrating the debt Scrub economy owed to the credit binge....it explains nearly ALL of the GDP growth in his first term....

Why are you so shy about sharing who tells you what to think?
Click to expand...

Now I remember you from DCJ. You changed your name but still have that same condescending think you know it all attitude.

Funny you think Ayn Rand would tell Greenspan to interfere as often as he did. Yet liberals were calling him "the maestro" and a savior after the Mexican bailout. I understand it is painful to blame your beloved gov't for causing the conditions that caused the crash.
 
cawacko said:
Now I remember you from DCJ. You changed your name but still have that same condescending think you know it all attitude.

Funny you think Ayn Rand would tell Greenspan to interfere as often as he did. Yet liberals were calling him "the maestro" and a savior after the Mexican bailout. I understand it is painful to blame your beloved gov't for causing the conditions that caused the crash.
Click to expand...

I doubt it....I have no idea what DCJ is...

I think you should be a bit more appreciative of my efforts to disabuse you of your Articles of Faith......In civilized company, you'd be considered a fool for talking this crap.

That Greenspan was a Randian is indisputable. That he drilled the dog in 01-06 doesn't mean that everything he touched turned to shit.

I understand it is painful to blame your beloved gov't for causing the conditions that caused the crash.

another slogan.......Clearly it is painful for you to think.....
 
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