August 31, 2017

Thursday Off-Topic (Moderated) Open Thread (083117)

Filed under: Lucid Links — Tom @ 6:00 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

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9 Comments

  1. An interesting and informative article about Quantitative Easing:

    Quantitative Easing: How Well Does This Tool Work?

    Comment by Par for the Course — August 31, 2017 @ 7:55 am

  2. Pull quote: “from financial intermediation theory, it is not clear that QE should have any effect and it might actually be detrimental to the efficiency of the financial system.” We had unprecedented QE and unprecedented weak post-recession growth. Coincidence? Hardly.

    Comment by Tom — August 31, 2017 @ 9:06 am

  3. Paul Ryan’s GOP Quietly Boosts H-2B Visa-Worker Program

    http://www.breitbart.com/big-government/2017/08/30/paul-ryans-gop-quietly-boosts-h-2b-visa-worker-program/

    Congress is being pressured by employers to loosen and expand the H-2B program because President Donald Trump was elected on a campaign promising to end the pro-foreigner policies set by former President Barack Obama. In the last few months, Trump’s deputies have resisted demands by lobbyists and Congress for importing more foreign workers. The process was made clear by a recent Detroit News article about employers hiring H-2B for resort work on Mackinac Island, in Michigan…

    …… the [policy] shift hurt Mackinac Island, which has depended on foreign workers to fill summer jobs for decades. Businesses need more workers than can be attracted from the fewer than 500 people living on the island and 11,000 residents of surrounding Mackinac County….

    The cheapskates that Obama helped always talk out of both sides of their mouths. One one hand they insist that they can’t get enough Americans to do their work, but at the same time spend money on airfare to import foreign workers and then house them. Really, they couldn’t instead spend money on a bus ticket or domestic flight from high unemployment areas and then house them????

    We need to target every company like Khan’s (Hillary supporter who used his dead son as a political prop to condemn Trump) for bankruptcy. Trump needs to give a speech like Obama did about coal companies. It would be the perfect troll. Watch liberal hypocrites scream!!!!

    Trump should also troll establishment GOPers like Ryan over the size of the welfare rolls which consume a major portion of the federal budget.

    We have a crappy ruling elite who sacrifices the long term good of the country for the short term campaign donation from special interests.

    I wonder if it is possible for the DOL to use discretionary powers to zero out the H-2B visa program by slow walking employer applications and jiggering the administrative rules???

    As I have stated before in different ways, EVERY person who gets off the welfare rolls and works contributes to the positive feedback loop influencing the GDP …

    Liberals/Democrats/Cronyists claim increasing the population is the only way to increase the GDP. FALSE, FALSE, FALSE. It’s not the ONLY way, their way impoverishes the population, OUR way enriches the population by giving everyone the shot at the brass ring.

    Comment by dscott — August 31, 2017 @ 9:24 am

  4. btw- Given Obama’s juicing of the H-2B and H-1B visa programs, we should clearly understand that he relaxed the work rule requirement for people taking government benefits to deliberately create the situation where employers could make these foreign worker applications for CHEAP labor in the midst of the Great Recession.

    IMO – Obama deliberately flooded the welfare rolls in order to give his campaign contributors the excuse for CHEAP FOREIGN LABOR, it wasn’t from policy incompetence. Ryan and his establishment GOP NeverTrumpers fellow travelers want those donations to go to them as the people in power… This is why they hate the Tea Party Repubs, as they demonstrated a disruptive power in primarying Eric Cantor, the Amnesty supporter.

    Comment by dscott — August 31, 2017 @ 9:38 am

  5. America’s Jobs Engine Keeps Defying Forecasts for 2017 Slowdown

    https://www.bloomberg.com/news/articles/2017-08-31/america-s-jobs-engine-keeps-defying-forecasts-for-2017-slowdown

    …Payroll gains topped forecasts in five of the past seven months, putting the 2017 average increase of 184,000 almost on par with last year’s 187,000 and above levels typical for the eight-year expansion. Analysts expect barely any falloff from that pace in August figures due Friday, amounting to job growth about double what’s needed to keep the unemployment rate steady in the longer run…

    …Gapen expects monthly job gains of about 175,000 through next year, pointing out that in the past few expansions, the unemployment rate kept declining while payrolls remained healthy until the economy began slipping into a recession. So any weakness in employment was more to do with the end of the economic cycle than a sign there weren’t any workers left to hire, he said…

    The implicit assumption is we have had a recovery. I believe this to be a falsehood, we never exited the recession. Based on the changing metrics of the NBR, the recovery of employment levels is one of the key factors in declaring an end to a recession.

    According to the BLS, total employment which includes part time jobs didn’t recover until 2014:

    https://data.bls.gov/timeseries/CEU0000000001

    When did full time employment recover? So much for an 8 year expansion…

    The election of Trump started the real economic recovery. So let me change that headline for you:

    The New Normal Unexpectedly Ends.

    Every liberal gags. /sarc/

    Comment by dscott — August 31, 2017 @ 11:13 am

  6. Hurricane Harvey observation made by Rush Limbaugh:

    The internal combustion engine made rescues possible.

    In other words, IF liberals got their way with electric vehicles, none of those vehicles would be able to operate in any flooding situation. Electricity and water is not only fatal when combined it precludes use IF the electrical components aren’t water proof. Something to think about when purchasing any electric vehicle and the conditions you might operate it.

    Comment by dscott — August 31, 2017 @ 12:21 pm

  7. Trump Moves to Restore Work Requirement for Welfare

    https://www.weaselzippers.us/355375-trump-moves-to-restore-work-requirement-for-welfare/

    Liberal cheapskates hit hardest.

    In the next 6 months a lot of people are going to find work. Now why do we need those H visas again? We don’t.

    Comment by dscott — August 31, 2017 @ 4:32 pm

  8. Couldn’t agree more. If your ability to flee is dependent on a fully charged vehicle (otherwise you might go 50 miles and be done), then having an electric at today’s tech levels is dangerous as all get-out.

    Comment by Tom — September 1, 2017 @ 7:32 pm

  9. “Electricity and water is not only fatal when combined it precludes use IF the electrical components aren’t water proof. Something to think about when purchasing any electric vehicle and the conditions you might operate it.”

    Thought provoking observation. Thx

    Comment by Cornfed — September 3, 2017 @ 2:30 pm

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