Is Joe Biden after 10 months: Worst president ever?

[WyattEarp]

True, a few countries have employment rates closer to 80%.
Switzerland does not import many workers, it is almost impossible to get a work permit there.

Employment rate

Employment rate is the extent to which available labour resources (people available to work) are being used.

data.oecd.org

I actually know a few EU citizens working in Switzerland. Some work on temporary multi-year deals with large Swiss companies. In any event, restrictive permits could help drive up wages and employment levels.

 

[Frankfooter]

I believe that is exactly what I have been saying here for awhile. Frank's style is to drown the thread literally with propaganda. Biden immediately began to work an economic miracle, but don't pay attention to inflation and other unfavorable metrics.

That's why I tongue in cheek said Trudeau was Canada's greatest job destroyer and the country's greatest job creator.

Your style is to cherry pick one economic metric that you ignored during the rump years and ignore all the others.
That's the point.

Sure, inflation is up but unemployment and the market are doing great, as are a few other metrics that 'drowned' you with facts.
It doesn't matter what anyone posts, whatever numbers or facts you'll just call either 'non sequitur' or 'propaganda'.

 

[WyattEarp]

Your style is to cherry pick one economic metric that you ignored during the rump years and ignore all the others.
That's the point.

Sure, inflation is up but unemployment and the market are doing great, as are a few other metrics that 'drowned' you with facts.
It doesn't matter what anyone posts, whatever numbers or facts you'll just call either 'non sequitur' or 'propaganda'.

This is getting boring. I've repeatedly said the Biden Administration should not be blamed for inflation.

 

[WyattEarp]

Some Canadians undoubtedly do abuse welfare programs - or more profitably and commonly - disability insurance plans in private companies. But there are always going to be such people in any society, just as there are always thieves, jaywalkers and drivers who exceed the speed limit on the highway.

It is hardly an acceptable argument that all public and private welfare schemes are cancelled to the detriment of the honest (but unfortunate) citizens, simply because the dishonest minority attempts to cheat. But I believe that is where the conservatives on this board and Wyatt in particular wish to take us with this topic.

In my opinion, it would seem that you mostly argue that the U.S. has relatively draconian social welfare programs. I don't think it's a stretch to say the U.S. relative to Western Europe is stingier with unemployment type benefits for the healthy and employable.

It has been a fact for a long-time that countries like France, Spain and Italy have structurally high unemployment. They also pay unemployment for longer periods than the U.S. Of course there other factors involved, but social welfare systems are a contributing factor.

 

[danmand]

In my opinion, it would seem that you mostly argue that the U.S. has relatively draconian social welfare programs. I don't think it's a stretch to say the U.S. relative to Western Europe is stingier with unemployment type benefits for the healthy and employable.

It has been a fact for a long-time that countries like France, Spain and Italy have structurally high unemployment. They also pay unemployment for longer periods than the U.S. Of course there other factors involved, but social welfare systems are a contributing factor.

Unemployment payments are only useful for a short period of time. What is needed is an active unemployment system, where there are re-education and re-location support available for unemployed people.

That is expensive, I wrote in another post that Denmark spends over 4% of GDP on employment programs. But it pays off in higher employment numbers, and higher GDP.

From the Danish Constitution:

Section 75
Subsection 1. In order to advance the public interest, efforts shall be made to guarantee work for every able-bodied citizen on terms that will secure his existence.
Subsection 2. Any person unable to support himself or his family shall, when no other person is responsible for his or their maintenance, be entitled to receive public assistance, provided that he shall comply with the obligations imposed by statute in such respect.

 

[mandrill]

In my opinion, it would seem that you mostly argue that the U.S. has relatively draconian social welfare programs. I don't think it's a stretch to say the U.S. relative to Western Europe is stingier with unemployment type benefits for the healthy and employable.
It has been a fact for a long-time that countries like France, Spain and Italy have structurally high unemployment. They also pay unemployment for longer periods than the U.S. Of course there other factors involved, but social welfare systems are a contributing factor.

But your argument is not showing that this is disadvantageous. Western Europe is doing just fine. You may not like social safety nets because of your political doctrine, but that doesn't demonstrate that they are bad.

In fact, I could probably argue that Western Europe avoids many of the pitfalls of the US, including inner city ghettos and racially driven unemployment and crime statistics. And then I could say that this is because of greater sums spent on social security, education and medical care by the state.

 

[jcpro]

Unemployment payments are only useful for a short period of time. What is needed is an active unemployment system, where there are re-education and re-location support available for unemployed people.

That is expensive, I wrote in another post that Denmark spends over 4% of GDP on employment programs. But it pays off in higher employment numbers, and higher GDP.

From the Danish Constitution:

Section 75
Subsection 1. In order to advance the public interest, efforts shall be made to guarantee work for every able-bodied citizen on terms that will secure his existence.
Subsection 2. Any person unable to support himself or his family shall, when no other person is responsible for his or their maintenance, be entitled to receive public assistance, provided that he shall comply with the obligations imposed by statute in such respect.

Social safety nets are necessary to maintain social peace. Too much causes friction and instability and is as bad as too little. Different countries have different thresholds. Comparing Denmark to America is silly because, while the Fed plays a large role, the States administer most of the programs. Might as well compare Denmark to Ontario or Wisconsin. Oh, yeah a certain level of unemployment is required for the economy to function efficiently usually in about 4%-6% range.

 

[WyattEarp]

From the Danish Constitution:

Section 75
Subsection 1. In order to advance the public interest, efforts shall be made to guarantee work for every able-bodied citizen on terms that will secure his existence.
Subsection 2. Any person unable to support himself or his family shall, when no other person is responsible for his or their maintenance, be entitled to receive public assistance, provided that he shall comply with the obligations imposed by statute in such respect.

I'm not sure I would agree guaranteeing work is good public policy. Most economists would find this an entirely idealistic goal. What makes for better economies is productivity. The concept of guaranteed jobs can be a hindrance towards driving productivity. Governments can and do create useless jobs.

In fairness to Denmark, this could be one of those "mission statement" things that in practice means something less than a guaranteed job.

 

[Valcazar]

Are we going to argue the benefits of a work guarantee?
Interesting.
People usually get hung up on UBI and leave work guarantees out of the discussion.

 

[danmand]

I'm not sure I would agree guaranteeing work is good public policy. Most economists would find this an entirely idealistic goal. What makes for better economies is productivity. The concept of guaranteed jobs can be a hindrance towards driving productivity. Governments can and do create useless jobs.

In fairness to Denmark, this could be one of those "mission statement" things that in practice means something less than a guaranteed job.

It is not a guarantee, it is a best effort objective.
In practice, it has the effect, that the Government spends sizable amount of money on active employment programs, i.e re-education and re-location of workers.

 

[Frankfooter]

This is getting boring. I've repeatedly said the Biden Administration should not be blamed for inflation.

See, there you are again trying to focus on only one stat and ignoring the other good news economic stats.
You're doing the same thing.

 

[|2 /-\ | /|/]

 

[dirtydaveiii]

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More idiotic BO from the peanut gallery. How is your guy doing BTW? Will the Orange jumpsuit clash with the orange spray tan ?

 

[toguy5252]

It is not a guarantee, it is a best effort objective.
In practice, it has the effect, that the Government spends sizable amount of money on active employment programs, i.e re-education and re-location of workers.

It is obviously a noble aspiration wouldn't that be true of virtually every country. Although not stated in that way isn't that part of the mandate of the Fed, subject of course to inflationary issues.? The US certainly does not spend enough on education, training and infrastructure.

 

[Frankfooter]

View attachment 117492

Wait, so now market numbers count?
And they didn't while they were good?

 

[dirtydaveiii]

It is obviously a noble aspiration wouldn't that be true of virtually every country. Although not stated in that way isn't that part of the mandate of the Fed, subject of course to inflationary issues.? The US certainly does not spend enough on education, training and infrastructure.

The GOP hates education because anyone with any intelligence would not vote for them unless it someone super rich that wants tax cuts.

 

[toguy5252]

The GOP hates education because anyone with any intelligence would not vote for them unless it someone super rich that wants tax cuts.

The GOP likes the benefit of many programs like defense, various subsides for industry, roads, airports etc. they just don't like the idea that they have to pay for these things.

 

[|2 /-\ | /|/]

Wait, so now market numbers count?
And they didn't while they were good?

Your supreme leader did this which you and your buds bow down, worship and defend every day like some compulsive obsessive cult. Relax bro he is not a god. I know you think he can do no wrong but eventually reality in supporting this failure will spill into your own life.

 

[Frankfooter]

Your supreme leader did this which you and your buds bow down, worship and defend every day like some compulsive obsessive cult. Relax bro he is not a god. I know you think he can do no wrong but eventually reality in supporting this failure will spill into your own life.

I find this amusing in a sad kind of way.
Nobody on the left thinks their leaders are the 'chosen one' nor is it likely they'd follow him as an angry mob to take over the country.

Biden is just another dem leader, still beholden too much to influence from the rich elite over voter's needs. But as such he's still 1000% better than the corrupt little orange dictator.

 

[|2 /-\ | /|/]

I find this amusing in a sad kind of way.
Nobody on the left thinks their leaders are the 'chosen one' nor is it likely they'd follow him as an angry mob to take over the country.

Biden is just another dem leader, still beholden too much to influence from the rich elite over voter's needs. But as such he's still 1000% better than the corrupt little orange dictator.

I find it disappointing that you think you fight against dictatorship and fascism when this is the exact system you are enabling by supporting these tyrannical and corrupt politicians and policies. Now the question is do you actually believe you are fighting against fascism and you want a free world or is this the end game you and your kind are truly after but use the anti this anti that to enable the very system you fight against.