I just started a thread on the same subject ... can someone tell me how to delete my thread?
This is not what occurs when you're referring to the overall economy or "most businesses and the top 1%". What they are doing, is emotionally, rationally, *no different than most anyone else is doing in similar economic cirucmstances*. They are not some special strain of the human genome that wants to suck the earth dry, it's people you know and love and who for better or worse, happen to earn a lot more than most (typically through professions like doctor, laywer, investment, business owners, etc.). If you're still in denial, reverse it to those in opposite circumstances. Why don't the unemployed bulid infrastructure free of charge while they are in between jobs so that they can continue adding to our economy during the downtime? Besides, it would keep their minds occupied off the stress of finding a new job, and they might meet some people, network, it would look good on a resume, etc., etc.
My armchair recollection of this in terms of economics, I thought GOVERNMENT was supposed to save during the good times or at least artificially tighten, that way if the economy slows down, they can rachet up spending and loosen up the belt that they had tightened during the boom (think interest rates and more). Why didn't they do that? So the top earners have to live the way you want them to, because Bush when crazy with the checkbook (For example)?
So its a bad thing that our local economy is growing ¿
That we are supplying jobs for people that ran for their lives from the liberal blue plague states.
But wait....its "counter cyclical" ....
Hillarious.....I'm still "all a chuckle" over your pathetic attempt to undermine our local burgeoning economy.
We're far better off and will continue to be when this number is revised down even more.
" If no one among us is capable of governing himself, then who among us has the capacity to govern someone else ? "
As we rate to some other 1st world democracies.
In short, he is fully insistent on NOT acquiring information, not learning, but rather blathering the same discredited crap over and over and over and over and over and over and…
Last edited by Dwight; 01-30-13 at 12:26 PM.
"Advocates of capitalism are apt to appeal to the sacred principles of liberty, which are embodied in one maxim: the fortunate must not be restrained in the exercise of tyranny over the unfortunate." - Bertrand Russell
The “plague” states that on the whole provide the meat of the government funding?That we are supplying jobs for people that ran for their lives from the liberal blue plague states.
Yes. Look it up. Maybe you won’t embarrass yourself so much next time…But wait….its "counter cyclical" ....
“The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman
/yawnCorrection: you haven't understood that which was explained. Probably because you have an imaginary idea of what I am saying which bears no resemblance whatsoever to that which I have been saying.
It's the same thing with you people every time. When people don't buy into your nonsense you try and belittle them and call them stupid. Let's look at some of your pearls of wisdom in this thread shall we?
Except there was no reduction in Government Spending last quarterA 40% reduction in defense spending will have some short-term economic consequences. Any cuts in spending would have this kind of consequence as less money being put into the economy will obviously affect the economy.
The problem with this scenario is that the 10K isn't "given" to one person, unless we're talking about Government Spending/Welfare/Stimulus. As we saw with Obama's Failed Stimulus, there was no fiscal multiplier, hence a more proper way to characterize the money "given" would be to call it waste. Wealth that will never be recovered.To explain: $10,000,000 given to one person probably will not get spent within a year or even 10, but $10,000,000 given to 10,000,000 people will probably get spent dozens of times over in a year. In the first scenario, the 10 mil is effectively out of the economy. It's not being used to purchase goods or services. In the latter scenario, that money is continually being used to purchase goods and services though. It's transferring hands over and over again. It benefits many more people.
Your analogy has absolutely NOTHING to do with business assets, production, capital goods, Hiring, ect.
Do you have any idea how much debt most companies have incurred over the last 4 years? Even if this were true, why do you think they are putting money in foreign banks? Are you advocating offshore banking be made illegal?They might as well for all the value it brings to the US economy if they hoard it. A common location for some of that money are foreign investments and foreign banks.
Do businesses hire people to pay wages or make money? Are you advocating businesses be forced to hire people and pay people more, regardless of economic conditions?You're proving my point here. Wages and benefits paid to the workers do this. I.E. money distributed to many people who will then SPEND that money.
Thus, wage freezes hurt the economy, especially when they are done in conjunction with increased profits which are hoarded among the few who already have plenty and thus, do NOT spend that money.
There are lots of examples of folks that became a success from nothing ... yes, even these days. Many times despite rumble strips.
And are you assuming the half you're talking about haven't the skillsets of the loins they popped out of? And they aren't employing them?
Sounds pretty defeatist.