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You do realize that in the realm of data analysis a decade is an incredibly long time for a model to be unchanged? Even the CPI "basket" gets changed more frequently.
I dont agree with that, The only reason to change a composite or subset is if the data is proven to be flawed. Look at when they have been changed over time? Typically whena recession has occurred. There is some politicalization to this and it degrades the quality of the numbers. This is why economists look at the headline unemployment data with a grain of salt, and also look to the U-6 data.
Also look at how it is calculated. It uses two composites, the payroll data and household survey. The payroll, which is considered to have a higher quality output was not that good. The household data was one of the largest upticks ever, and is a highly volitile reading. The household survey is the only reason the unemployment improved which is why the market did not have a strong reaction to the number (NADAQ and S&P were actaully down).
2012 XLT 4x4
Sliding rear window
Also just become someone is a nobel economist, doesn't mean threy are right. that like saying because time magazine named Hitler mans of the year (1938), that he is a nice guy.
What a typically biased and silly response! Times magazine names people Man Of The Year because of their influence on the world, not because they "Sweethearts we should love"! In 1938 Hitler did have a little importance if you remember your history! Geez! As I expected, you immediately reject the opinion of a Nobel Prize winner unless it fits your ideology!
The only reason I bother posting on this thread is in hope their are a few openminded people that read the thread, but don't bother posting! They might be open to considering someone else's opinion! Hope springs eternal!
Again I don't need government making decisions about my healthcare for me. I get to pay for a person who doesn't care at all about their health and well being. People who eat like crap, drink alcohol and smoke 7 days isn't my problem. Sorry
One of the biggest lies of the corporations bleeding us for nearly 19¢ out of every dollar GNP that you choose to trust... is that "Obamacare makes all the decisions or your treatment!" B.S. B.S.! Obamacare's main purpose is to reduce the cost of healthcare and make the insurance companies give you more value for the money they are getting out of us! You still see your same doctor and have the same insurance company... they are just restricted on how much they can screw you since it applies to your very health and life not just buying a truck!
It is incredible that so many will vote against their own needs because of the fear tactics and propaganda of those making so much profit on our healthcare! To do so you must think that all the people of all the industrialized countries from Canada, to Great Britain to Israel and on and on that are getting good healthcare for about 42% of we are having to pay are simply stupid and you are smarter! They are all stupid and getting horrible healthcare and too stupid to know it! Wow! It takes incredible denial of the solid facts every country in the world accepts.... except half of the people of the U.S.!
Why would the corporations getting over 18% of our GNP lie???? Duh! Think!
My mother used to tell us kids "Believe NOTHING you hear and half of what you see !" That applies across the board !
Question: Does your mother's suggestion apply to Romney's "Magical Plan" of reducing taxes by 20% while giving much more money to the Military Industrial Complex for things the Pentagon says they don't need.... just by closing loopholes THAT HE WILL NOT SPECIFY BECAUSE.... THEY WON'T WORK.... JUST AS GEORGE BUSH DID WHEN HE RAN!
George Bush said essentially the same thing knowing that it wouldn't work and then ran up a tremendous debt that was passed on to the Middle Class while the wealthy got a tax break! Go back and look at his speeches and what he said in the debates! Same basic "Trickle Down" baloney that Romney is slicing yet again today! Cut taxes and the economy will boom! Did the economy boom or bomb while Bush was president! It crashed due to his "trickle down" ideas and both Democratic and Republican' administration's stupid, stupid, stupid ideas of getting rid of regulations in financing houses and letting Wall Street mix our savings with their gambling funds! Now Obama can't clean up the mess fast enough for those who left it in his lap and they want to repeat the old mistakes BECAUSE IT REDISTRIBUTES INCOME TO THE 1%, AND DON'T TELL ME NO BECAUSE IT IS PROVEN CLEARLY BY IRS FIGURES! UNLESS YOU DON'T LIKE SOLID FACTS!!
No one including Romney disputes the actual IRS Figures! He just smiles and says as Goerge Bush also did.... I won't do that.... and then... HE WILL DO IT!
If Romney is being honest.... listen very carefully for the "SPECIFIC" LOOPHOLES" he will eliminate that will "ADD UP TO" the massive amount needed to make up for reducing taxes by 20%! Those loopholes will not get through congress as they will hurt both Republicans and Democrats in the Middle Class and effectively raise their taxes! George Bush said the same thing and it never happened! The numbers don't add up, so a 20% tax reduction with more money to the Military Industrial Complex equals adding to the National Debt and of course always blaming Democrats!
What president balanced the budget and left office with a surplus? Clinton! Oh, I know how you hate that fact! Too bad! I'd like to believe in the Easter Bunny too, but facts are facts even when you deny them!
What do you propose as a solution to this urban expansion?
I agree with you! Growth is not an answer to debt! It only fixes it for a while and then the growth causes requires more spending! China figured that out when they went to their "One Child" policy, but now there are two few workers to take care of the old people! So they are changing that a little!
Maybe the answer is to replace yourselves by having nearer to "two" children per family.... not by law, but out of commons sense! Maybe we don't have to consume more and more and more! Over population requires cutting down all the forests and depleting the fish in the sea.... maybe not be the best idea!
I know,.... "Shut up you Liberal Hippie! We all need a 3000 square foot house, four cars, 5 kids and a 50" waist! We're Americans, so shut up, pass the deep fried twinkies, and turn on that there reality show where everybody lies and knifes each other in the back to win a prize!"
Romney hammered Obama with 8% unemployment until it dropped to 7.8%... now the 8% was never real! What a surprise....we can't have any good news until Romney is president! Real employment is more like 14%, he says now! Granted things need to improve as everybody understands, but everywhere I go the stores are full of people shopping and when I try to get into our areas best Buffet Restaurant I have to wait in line outside! It's not the Great Depression! I went to the Toyota dealer to check on a car for one of my family and was told business is much better andthey can't keep the model I was interested in on the lot! They only had one, in a horrible dark color that won't cut it in the desert, but they'll call me when some more come in! What? I thought the economy was dead as Romeny says!
I understand that people that still can't find a job are still hurting, but things are improving month by month and since the hole was dug very deeply it will take time to climb out! That's only common sense!
Things were done wrong from Clinton signing laws agreeing with the Republicans to the deregulating of the banks and going along with NAFTA.... it then went forward through Bush's reducing taxes on the wealthy and telling us that money will "Tickle Down" to the Middle Class! Baloney...we're still waiting for that! Bush then put two wars put on a credit card until it all crashed to a near 2nd Great Depression! So, with 800,000 jobs being lost every month they gave it to Obama to fix.... and now Obama hasn't made everything beautiful yet after only 3 1/2 years!
So.... now Romney wants the steering wheel so he can do essentially what Bush did again and cut 20% more taxes, and pretend closing loopholes will make that up all that lost revenue... so the 1% can get more and more of the wealth of this nation as CLEARLY PROVEN BY IRS FACTS NO ONE CAN DENY.... AND AGAIN the Middle Class are handed the bill!
I hope those that read this thread, but don't post are not easily fooled by more "Trickle Down" economics that favor the wealthy 1%, now called the Job Creators! LOL! I have to admit, "Job Creators" does sound much better than the 1% that owns about half of the wealth of our country that are killing the unions while the stock market has doubled since Obama has been in office! Changing their names fooled you into not knowing they were the 1%, didn't it! Boy do they think we are dumb!