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Thread: Wal-Mart: Our shoppers are 'running out of money'

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by Lord Tammerlain View Post
    The Reagan/Bush Admin did nothing regarding the S&L crisis?

    I do recall the US government set up a large bailout program in response to theS&L crisis
    I am properly chastised - you are of course correct, to say they did nothing is inaccurate as they did, indeed, bailout the S&L's. I was focused on the Keyensian Boost-Aggregate-Demand-Through-Wild-Spending response model, and mispoke(typed).

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    today:

    A new Marist College poll shows that 36% of New Yorkers under the age of 30 are planning to leave New York within the next five years - and more than a quarter of all adults are planning to bolt the Empire State.

    The New York City suburbs, with their high property values and taxes, are leading the exodus, the poll found.

    Of those preparing to leave, 62% cite economic reasons like cost of living, taxes - and a lack of jobs.
    New Yorkers under 30 plan to flee city, says new poll; cite high taxes, few jobs as reasons

    party on, progressives

    build a wall

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by Lord Tammerlain View Post
    The US economy would not have grown had the US government not run the large deficits.
    really. The US didn't grow in the 90's? in the 20's? in the 50's?



    Deregulation or not, the Reagan years of growth was funded by government borrowing
    yeah, I'm sure that the largest tax cuts in US history had nothing whatsoever to do with it instead it was deficit spending that spiked when revenues fell - because revenue fell - and then fell as we recovered and the economy grew.

    we grew inspite of the spending, not because of it. you just plain don't increase productivity by taking capital from your efficient sectors and putting it in your inefficient ones.

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by Catawba View Post
    I think our efforts will be better spent developing alternatives to burning finite fossil fuels.
    That will take decades...at least....
    Transportation fuels will be the hardest nut to crack....
    Oracle of Utah
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by UtahBill View Post
    That will take decades...at least....
    Transportation fuels will be the hardest nut to crack....
    ANWR will not make a significant difference and just encourages further dependence. I agree with McCain on the risk/benefit analysis of drilling in ANWR.

    I'm not for drilling in the Grand Cayon either!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    ANWR wouldn't make any difference at all.... except of course to all the workers who would get jobs, and the governments which would get increased revenue.

    ANWR plus shale oil plus opening up all our coasts? NOW we're cooking with gas.

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by cpwill View Post
    ANWR wouldn't make any difference at all.... except of course to all the workers who would get jobs, and the governments which would get increased revenue.

    ANWR plus shale oil plus opening up all our coasts? NOW we're cooking with gas.
    "The Restarting American Offshore Leasing Now Act, which passed 266 to 144 with 33 Democrats buying into the scheme, orders the Department of the Interior to move quickly to offer three leases to drill in the Gulf of Mexico and one off the coast of Virginia. The bill demands that the leases be executed by next year.

    But the legislation won't reduce the price at the pump, experts said. Nor would a vastly more ambitious effort have much impact.

    "It's not going to change the price of oil overnight, and it's probably not going to have a huge impact on the price of oil ever," said Mike Lynch of Strategic Energy and Economic Research, Inc. referring not just to those four leases, but to expanding all U.S. drilling."
    More U.S. Oil Drilling Won't Lower Gas Prices, Experts Say
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    Re: Wal-Mart: Our shoppers are 'running out of money'

    three whole leases? gosh, it's hard to imagine how that couldn't possibly change everything

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by cpwill View Post
    three whole leases? gosh, it's hard to imagine how that couldn't possibly change everything
    Selective reading strikes again! Notice the part in bold this time -

    "It's not going to change the price of oil overnight, and it's probably not going to have a huge impact on the price of oil ever," said Mike Lynch of Strategic Energy and Economic Research, Inc. referring not just to those four leases, but to expanding all U.S. drilling."
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Wal-Mart: Our shoppers are 'running out of money'

    Quote Originally Posted by cpwill View Post
    really. The US didn't grow in the 90's? in the 20's? in the 50's?


    Notice I said the reagan admin and did not mentiuon the 90's or 20s or 50's

    By the way what the 90s and 20 famous for? Stock market bubbles, fueling consumer spending.

    :lolyeah, I'm sure that the largest tax cuts in US history had nothing whatsoever to do with it instead it was deficit spending that spiked when revenues fell - because revenue fell - and then fell as we recovered and the economy grew.

    we grew inspite of the spending, not because of it. you just plain don't increase productivity by taking capital from your efficient sectors and putting it in your inefficient ones.
    It depends on how you measure productivity and economic growth. Growth led by consumer spending based on increasing debt is not healthy growth, yet it is measured as such. That has been the majority of US growth in the last 30 years. Truely wealth building productivity gains in the US has been minor. Productivity gains based on financial transactions has increased, but they are not net wealth builders
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