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Dear Mr. President

March 16, 2013

We, the People, owe you an apology. We were sure that raising taxes would destroy the economy. We were wron....

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(77)

DavidBross

Mar-16-13 12:30 AM

Mr. Mason's letter has much of the same tone I have read in letters that support conservative values and opinions. I don't find either very persuasive.

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GoBB62

Mar-16-13 4:02 AM

Dan Mason= Another low-info voter.

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GoBB62

Mar-16-13 4:26 AM

He forgot his last line....

"Resistance is futile!"

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MrShaman

Mar-16-13 5:13 AM

"We were wrong, Mr. President. You were right." - Dan Mason

*

"Those who cannot remember the past are condemned to repeat it." - George Santayana

*

See:

1993 Deficit Reduction: A Lesson On Tax Policy

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ToTEXASfromPA

Mar-16-13 5:15 AM

The NYSE and DJI are up because the foreign investment markets s u c k. The US stock markets s u c k less so more people are buying here.

Let's look at another measure. Some call it food stamps but the actual name of the program is SNAP (Supplemental Nutritional Assistance Program)

Below is a table that shows how many people are participating in the program. General trends are indicative if the number of people that don't have jobs or have stopped looking (see Bobbie2 post)

Dec 2007 27,613,729

Dec 2008 31,784,453

Dec 2009 38,978,382 Dec 2010 44,082,324

Dec 2011 46,514,238 Dec, 2012 47,791,996

This is a 73% increase. Dec, 2012 accounted for over 15% of the US population.

The Dan Mason's post shows people found jobs but he doesn't factor in how many have lost jobs, stopped looking, or are working part-time and still need SNAP benefits.

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CHayes

Mar-16-13 5:51 AM

"Below is a table that shows how many people are participating in the program...."

No way! You mean to tell me that when the economy completely collapsed at the end of 8 years of president Bush, and collapsed so severely that it almost took the entire global economy out, and we were losing almost a million jobs a month, that the number of people receiving food stamps actually increased? No way.

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eriklatranyi

Mar-16-13 5:52 AM

Yes, we have nearly 50 million Americans receiving Food Stamps and increasing.

We have nearly 9 million Americans receiving disability and increasing.

Q4 GDP growth is essentially 0%.

We have 8 million fewer jobs available in our economy and increasing.

These are not numbers that indicate a recovery.

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eriklatranyi

Mar-16-13 5:53 AM

CHayes:

The problem is that the number of people receiving food stamps is still growing.

Explain that.

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CHayes

Mar-16-13 5:53 AM

"Real Unemployment Numbers – January 2013"

Would those numbers be from the DOL boobie, or another chain email? Remember yesterday boobie when you gave us another set of numbers that didn't really pass the smell test?

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CHayes

Mar-16-13 6:00 AM

"The problem is that the number of people receiving food stamps is still growing.

Explain that."

Sure, the explanations are at the bottom of the table:

1] Data includes disaster assistance. 11 states listed on the table are actually receiving disaster assistance in Nov 2012 or Dec 2012, or both.

2) November and December 2012 data are preliminary and are subject to significant revision.

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USABorn

Mar-16-13 6:01 AM

That's an LTE that can actually make one upchuck their dinner. What a crock!

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CHayes

Mar-16-13 6:29 AM

Do you usually eat dinner at 6 in the morning?

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CHayes

Mar-16-13 6:32 AM

"Yes, we have nearly 50 million Americans receiving Food Stamps and increasing."

How exactly can you prove that, when the most recent SNAP numbers released, contain the glaring caveat at the bottom:

"November and December 2012 data are preliminary and are subject to significant revision."

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CarlHiller

Mar-16-13 6:34 AM

All hail the mighty Obama, drop too your knees and ask for forgiveness you infidels. What a crock full of crap. Mason you gotta be brain dead, I guess that's the case with the majority of libs though. This economy is not getting any better, you are witnessing a bubble that will pop. With less labor participation, the creation of low pay jobs, more companies going to temporary workers, etc, etc, etc.

This is a FED fueled market fantasy as the FED continues to purchase $85 billion in securities per month. Stocks are ignoring all the technical, fundamental, and economic catalysts behind this rising market. There will be a loud pop as yet another bubble bursts. This is simply cheap money being pumped into a system already drowning in liquidity.

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Ritty77

Mar-16-13 6:46 AM

"We will try to be worthy of your leadership in the future."

That would be creepy enough even if it was said about a great leader. That it was said about Obama is just plain insane.

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spike2

Mar-16-13 7:10 AM

The stock numbers are indicative of one thing. Your wealth has increased if you own the same stock now that you owned in 2008. You are making money If you see continuing increases in your Pension Plan value. Base pay needs to increase along with jobs. Forget manufacturing, it's not coming back. Time to look at what you might consider jobs of the future.

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mikekerstetter

Mar-16-13 7:48 AM

spike2-"Base pay needs to increase along with jobs. Forget manufacturing, it's not coming back. Time to look at what you might consider jobs of the future."

Spike, manufacturing jobs could come back to the US if we put tariffs on imports that make it less expensive to make it hear than to ship it over from the sweat shops in Asia. Toyota and Subaru both have auto plants here. Our 'American' auto companies import their cars in from Canada and Mexico. Something isn't right there.

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ToTEXASfromPA

Mar-16-13 7:52 AM

CHayes,

I have never seen one in such denial.

SNAP adjustments could go up or down on the final numbers, but they were published in March.

And like you think some ridiculously large quantity of the people were added due to the disaster relief, like maybe 5 million. Please don't insult us. Disasters come and go but they happen all the time and in various parts of the country and are part of the historical baseline. I'll give you a couple of hundred thousand. The SNAP trends are still going up.

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CHayes

Mar-16-13 7:56 AM

Wow, I mostly agree with Mike, with the small exception that people no longer manufacture in China simply because of price.

I will say that the whole "free trade" thing is responsible for starting the problem, but the problem has expanded since.

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gavinf56

Mar-16-13 8:14 AM

I agree with spike2. You can place all the tariffs you want on goods entering this country, the manufacturing jobs we all envision (that which pays a living wage to an unskilled worker) are not coming back. Those jobs are becoming increasingly automated eliminating the need for that type of workforce.

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rick424

Mar-16-13 8:25 AM

Gavin your comment is interesting and correct. But here is the question. What is the unskilled worker to do? Retrain? For what? Some people can only do so much.

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gavinf56

Mar-16-13 8:33 AM

Rick, that is the million dollar question and I do not have the answer.

I have been reading about and watching this trend since the early 1990's and have pondered that same question many times.

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CaveFelem

Mar-16-13 8:38 AM

I have a job, but I've been looking for another job for several years. If you aren't a CDL truck driver with experience, or a nurse, there's not much out there. I see specialized jobs (no I can't weld and I don't know how to run plastic injection machines).

Many of the open jobs I saw were part time retail or service industry jobs that pay 1/2 of what I make now.

I too wonder what people are going to do, and where they will work so they can at least have some semblance of a life.

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CHayes

Mar-16-13 8:46 AM

" CHayes,

I have never seen one in such denial."

I'm in denial? YOU just posted numbers, but failed to include very important details CLEARLY stated at the bottom of the table, that say the numbers may be significantly different than what you posted.

Did you leave that little bit of information off intentuionally to try and make your data seem more final? Sounds to me like you were trying to deceive some folks here.

I'll say point blank that I feel its unethical to broadcast data like and omit the disclaimers.

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idiottwo

Mar-16-13 8:46 AM

Dear Mr Mason, are you serious? 16 trillion in debt (more spending than all previous Presidents combined), thousands of pages of Gov regulations for a new healthcare law soon to be implemented that is 3X the cost the President claimed. The costs will be going up for all people, not down. More people on food stamps than in any time in history, debt rating lowered, the President claimed he would cut the debt in half - its grown substantially. The stocks are at record highs only to one day be corrected and many people will loose tremedously. Cities going bankrupt at record levels. And record gun sales! If these things warant praise in your mind, I'm dispointed.

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