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Thread: Michele Bachmann announces presidential campaign

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by BDBoop View Post
    And now it's official.

    As a Minnesota Democrat, I approve this message.

    Michele Bachmann: A Smart, Focused, More Dangerous Palin, Say Minnesota Democrats

    Let's see, who said this....Minn Demo's....Well then, We better not vote for her....

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by Deuce View Post
    I've now heard Bachmann referred to as a RINO.

    If Bachmann is a RINO, who the **** is actually conservative?
    I think she is the real deal. I am days away from backing her. (I am sure she will be grateful for my support).

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by Misterveritis View Post
    Yeah, you know, kinda the way real people talk about profits and losses. If a company is losing money they are not profitable. It is so easy a concept that anyone could understand it.
    Enough of this.
    I just pointed out in the past three pages why that argument is total crap. RTFT
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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by Misterveritis View Post
    Yes. That sums it up. When normal people say a company is losing money they mean it is not profitable. You adjust your meaning to fit whatever you want it to fit. You are out of touch.
    But that doesn't mean the company is actually losing money. Read the past few pages how companies can easily and legally turn a GAAP profit into a GAAP loss. Shewolf is not wrong, but she's not utilizing the strongest argument out there to prove her point.

    Answer me this.

    A corporation on 12/30/2011 buys back $50 million in stock. It previously had a pre-tax income of $25 million. Have they really lost money in the sense of on going operations?
    Last edited by obvious Child; 06-28-11 at 04:49 AM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by obvious Child View Post
    But that doesn't mean the company is actually losing money. Read the past few pages how companies can easily and legally turn a GAAP profit into a GAAP loss. Shewolf is not wrong, but she's not utilizing the strongest argument out there to prove her point.

    Answer me this.

    A corporation on 12/30/2011 buys back $50 million in stock. It previously had a pre-tax income of $25 million. Have they really lost money in the sense of on going operations?
    Right. "Just because they are losing money, doesn't mean they are not profitable"...

    I've really enjoyed watching the way economic illiterates have tried every way they can to make this sentence true for them.

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by Grant View Post
    Right. "Just because they are losing money, doesn't mean they are not profitable"
    It depends how we are defining profit. Bottom line reporting on 10Ks doesn't reveal the truth. That's what the cash flow statement is for as it backs out many of the reserves, stock buy backs and other methods of reducing income. I already detailed several ways a company can report a net loss but still be profitable. You have not refuted a single one yet.

    I've really enjoyed watching the way economic illiterates have tried every way they can to make this sentence true for them.
    I've really enjoyed watching the way economic illiterates try to cast those who have demonstrated superior knowledge as being wrong while utterly and completely failing to refute a single argument presented as to why a company who reports a net loss for GAAP can actually be profitable while offering no arguments themselves.

    Are you too cowardly to answer my stock buyback question?

    I'm not sure how you think sniping while deliberately avoiding the hard questions makes you right.

    At this point, I seriously doubt you know what a 10K is. Much less any of the terms being used here. You have demonstrated no understanding of the topic at all.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by obvious Child View Post
    But that doesn't mean the company is actually losing money. Read the past few pages how companies can easily and legally turn a GAAP profit into a GAAP loss. Shewolf is not wrong, but she's not utilizing the strongest argument out there to prove her point.

    Answer me this.

    A corporation on 12/30/2011 buys back $50 million in stock. It previously had a pre-tax income of $25 million. Have they really lost money in the sense of on going operations?
    That question is over their head... lol

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by Grant View Post
    Right. "Just because they are losing money, doesn't mean they are not profitable"...

    I've really enjoyed watching the way economic illiterates have tried every way they can to make this sentence true for them.


    Economic illiterates.... you're still going to argue you know more but can't demonstrate that you do? You haven't even tried to demonstrate why a loss means zero profit. Keep repeating it over and over again, if anything you just demonstrate over and over again that your confused about the terms profit and loss.

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by upsideguy View Post
    Lordy... Sarah Palin's twin: twice the education, but half the brains.
    Oh hehe, how clever.




    NOT.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Michele Bachmann announces presidential campaign

    Quote Originally Posted by obvious Child View Post
    It depends how we are defining profit. Bottom line reporting on 10Ks doesn't reveal the truth. That's what the cash flow statement is for as it backs out many of the reserves, stock buy backs and other methods of reducing income. I already detailed several ways a company can report a net loss but still be profitable. You have not refuted a single one yet.



    I've really enjoyed watching the way economic illiterates try to cast those who have demonstrated superior knowledge as being wrong while utterly and completely failing to refute a single argument presented as to why a company who reports a net loss for GAAP can actually be profitable while offering no arguments themselves.

    Are you too cowardly to answer my stock buyback question?

    I'm not sure how you think sniping while deliberately avoiding the hard questions makes you right.

    At this point, I seriously doubt you know what a 10K is. Much less any of the terms being used here. You have demonstrated no understanding of the topic at all.
    You've demonstrated the inability to stay on topic. So let me see you do it, bet you can't.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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