Comments for Robert Samuelson Is Worried About 12,000 Jobs in the Gulf Oil Industry? at http://www.cepr.net , comment 1 to 4 out of 4 comments http://www.cepr.net Tue, 18 Jun 2013 18:24:29 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/robert-samuelson-is-worried-about-12000-jobs-in-the-gulf-oil-industry#comment-3059 As a Louisiana resident, I have been following the BP Gulf Gusher as well as the moratorium and the doom predicted by anti-moratorium forces. At some point during the summer, I noticed that the weekly report from the Louisiana Workforce Commission on new unemployment claims was down from the previous week and down from the previous year. I started tracking those numbers on my blog. Here's a link to a post with a chart of new unemployment claims from April 1 through September 3: http://democrat2democrat.blogspot.com/2010/09/exposing-hoax-new-unemployment-claims.html If 12,000 people had lost their jobs due to the moratorium, surely some sign of these job losses would have shown up in these weekly unemployment reports — particularly since the leadership of the Workforce Commission had been such an active participant in the anti-moratorium scare campaign that culminated in the 'Rally for Economic Survival' held here in Lafayette in July. No such losses registered. Considering the massive propaganda effort that went into producing the anti-moratorium rally and the general hysteria about its predicted impact, it seems certain that had such job losses occurred, opponents of the moratorium would certainly have had the compliant local media herded to the site of the firings. Did not happen. I don't believe the job losses happened, based on the numbers issued weekly by the Louisiana Workforce Commission. I have no idea where the Commerce Department got their numbers. - Mike Stagg Mon, 20 Sep 2010 21:06:06 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/robert-samuelson-is-worried-about-12000-jobs-in-the-gulf-oil-industry#comment-3045 What is it with Samuelson? I thought he was an Economist. There are only two choices: he's either stupid or a propagandist. - fuller schmidt Mon, 20 Sep 2010 03:19:52 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/robert-samuelson-is-worried-about-12000-jobs-in-the-gulf-oil-industry#comment-3044 if u try to raise my taxes, i will not open a small business, i mean move my assets to antigua, i mean move the team to another city, i mean pull out on funding ur election or ur yacht, i mean fire all us workers and hire all malaysian, i mean drill baby drill - frankenduf Mon, 20 Sep 2010 03:12:31 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/robert-samuelson-is-worried-about-12000-jobs-in-the-gulf-oil-industry#comment-3038 [quote]... the wealthiest 2 percent of the popualtion "represent almost a quarter of all consumer spending" (italics in original). While it is true that the richest 2 percent impose a hugely disproportionate strain on the economy's resources, the relevant issue is their marginal propensity to consume.[/quote] This has been empircally verified in airplanes with first class sections. While the average propensity to consume is high for the wealthy, the marginal propensity to consume is low due to sharply diminishing returns to utility for the next increment of luxury, while those in the peanut gallery are known to maintain a high MPC and scarf up the very last peanut with the same pleasure as eating the first one. - izzatzo Mon, 20 Sep 2010 01:39:42 +0100