September unemployment is 9.8 percent

[724Skinsfan]

Originally Posted by Schneed10

But still, unemployment is at 9.8%, and if stimulus got a 2% improvement, that's still 7.8% unemployed. Historically very high. There's just nothing any administration could ever do to keep us at the 4-5% we're used to.

I can understand nothing can keep us at 4-5% consistently, but wouldn't lowering the corporate tax rate be fairly effective in reducing unemployment?

[Schneed10]

Originally Posted by 724Skinsfan

I can understand nothing can keep us at 4-5% consistently, but wouldn't lowering the corporate tax rate be fairly effective in reducing unemployment?

Yes. Though that would aslo cause the federal deficit to get worse.

[saden1]

1/3 of the stimulus is tax breaks for corporations and consumers. WJ has a really nice breakdown of where the money is going.

[saden1]

Objective:
Avoid depression, get corporations hiring people and people spending money to stimulate the business cycle thus jump starting the economy.

The Keynesian:
In a time of deep recession reducing the corporate tax-rate alone won't necessarily give corporations incentive to hire more. You want corporations spending money in hiring people and the best way to guarantee they do is to give them government contracts.

The Monetarist:
Government should give corporations tax cuts and expand the money supply (print money and lend it on the cheap), and then get out of the way.

The Austrian:
Do nothing. The problem will self-correct.


* Economic theories are simplified.

[Schneed10]

Originally Posted by saden1

Objective:
Avoid depression, get corporations hiring people and people spending money to stimulate the business cycle thus jump starting the economy.

The Keynesian:
In a time of deep recession reducing the corporate tax-rate alone won't necessarily give corporations incentive to hire more. You want corporations spending money in hiring people and the best way to guarantee they do is to give them government contracts.

The Monetarist:
Government should give corporations tax cuts and expand the money supply (print money and lend it on the cheap), and then get out of the way.

The Austrian:
Do nothing. The problem will self-correct.


* Economic theories are simplified.

** Economic theories are not mutually exclusive of one another.

[firstdown]

Originally Posted by Schneed10

Well let's do some rough math. 300 million american citizens, assume 60 million or so are seniors, another 60 million or so are 18 or under, that leaves 180 million. Then some won't be in the workforce for a number of reasons. So figure there are 150 million in the workforce.

Create 3 million jobs, that represents 2% of the workforce.

But then a lot of those jobs Obama is creating are not permanent ones. So while they create a total of 3 million, it doesn't count the ones that go away once a project is finished (infrastructure projects).

So figure a 1-2% improvement in unemployment, based on this very rough math. So now reflecting on it, if fully successful, it's a little better than I first thought.

But still, unemployment is at 9.8%, and if stimulus got a 2% improvement, that's still 7.8% unemployed. Historically very high. There's just nothing any administration could ever do to keep us at the 4-5% we're used to.

I keep hearing Obama has created jobs but no one can seem to point to any of these new jobs. If this is supose to be a stimulus then why have they only used 17% of the money. Maybe its a trickle down stimulus plan. I was against the stimulus but is your going to have a stimulus then have a stimulus.

[Schneed10]

Originally Posted by firstdown

I keep hearing Obama has created jobs but no one can seem to point to any of these new jobs. If this is supose to be a stimulus then why have they only used 17% of the money. Maybe its a trickle down stimulus plan. I was against the stimulus but is your going to have a stimulus then have a stimulus.

Well it follows that if 17% of the money has been spent, then only 17% (or so) of the jobs have been created.

It will take time.

[firstdown]

Originally Posted by Schneed10

Well it follows that if 17% of the money has been spent, then only 17% (or so) of the jobs have been created.

It will take time.

I wish someone could point out all these new jobs.

[budw38]

Originally Posted by 724Skinsfan

I can understand nothing can keep us at 4-5% consistently, but wouldn't lowering the corporate tax rate be fairly effective in reducing unemployment?

This might work as well , I too would like to see us reduce the corporate tax rate Lawrence B. Lindsey: How About a Payroll Tax Stimulus? - WSJ.com . Ireland has had great success with lowering the Corp. Tax rate . Ireland 12% USA /Japan 38 / 39 % IDA Ireland Investment Promotion Agency - Tax Regime

[MTK]

Jobless Claims Drop Unexpectedly to 514,000 - Political News - FOXNews.com

[dmek25]

Originally Posted by firstdown

I wish someone could point out all these new jobs.

STIMULUS WATCH: Stimulus boon for South, Southwest | General News | Comcast.net
i guess( hope) that this is the first wave of new jobs

[budw38]

Originally Posted by dmek25

STIMULUS WATCH: Stimulus boon for South, Southwest | General News | Comcast.net
i guess( hope) that this is the first wave of new jobs

We could use some good news/luck .... this also looks promising ..US Construction to See 11% Rise in 2010: Report - Real Estate * US * News * Story - CNBC.com .

[dmek25]

regardless of all the bickering, in the long run we are all in this together. i guess sometimes its a lot harder to see, then others