View Poll Results: Do you believe Pelosi about Foodstamps and Unemployment?

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  • Pelosi is 100% correct

    8 22.22%
  • Pelosi is playing politics

    5 13.89%
  • Pelosi is 100% incorrect

    8 22.22%
  • Pelosi should go play in a mine field

    13 36.11%
  • Rutabaga

    2 5.56%
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Thread: Your view: Food Stamps and Unemployment

  1. #191
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by phattonez View Post
    All it would do is raise prices since you're sapping away investment potential and diverting it toward demand. More demand and the same production gets you what exactly?



    That's a mischaracterization if I ever heard it. Private charity can take care of people and they do it better. Again, where is the documentation of a huge mass of people starving in the 1800s? This, I cannot believe I am reading! Even todays high school graduates know of the Irish potato famine, and this was not the only famine of that era.



    I can easily make that argument. When people get money for doing nothing, it makes their demands for compensation for doing something higher. Remove those benefits and people would be more willing to work.



    Because you're ignoring capital?
    Private charity has its limitations..
    Ever wonder why , at one recent time, half the word's population was communist?

  2. #192
    warrior of the wetlands
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by earthworm View Post
    Private charity has its limitations..
    Ever wonder why , at one recent time, half the word's population was communist?
    lots of really stupid people and a fair amount of power hungry turds controlling them?



  3. #193
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by phattonez View Post
    But why. Why don't people learn?Greed gets in the way. Like I said, the irrational man explanation really is lacking. People generally are smart, so why do they get fooled?But people are not smart, they are greedy. What causes people to get fooled?
    The answer is obvious, the solution is not..
    Why don't we study the German solution, their problems do not seem to be nearly as bad as ours.

  4. #194
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by TurtleDude View Post
    lots of really stupid people and a fair amount of power hungry turds controlling them?
    That would have been my answer 20-30 years ago, today, I'd look for the causes of communism.
    Would you agree that "private charity" has its limitations?

  5. #195
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by earthworm View Post
    That would have been my answer 20-30 years ago, today, I'd look for the causes of communism.
    Would you agree that "private charity" has its limitations?
    sure in a society where one party has spent 70 years creating and expanding people dependent on government handouts to the point they expect them and feel entitled to them



  6. #196
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Kandahar View Post
    Huh? Of course we can be. Almost everyone is irrational some of the time and rational some of the time, and the topics where people are likely to be more/less rational are pretty consistent. People are pretty rational when it comes to buying a high-quality product or a low-quality product for the same price; people are much less rational when it comes to evaluating risk versus reward.
    So people keep putting their money into the vending machine that keeps eating their money?

    They aren't buying them today because they just crashed and now even the most novice investor knows of the risks that they carry, not because people suddenly became more rational. People will just move on to the next bubble, telling themselves that this time will be different.
    If they aren't doing it today because they realized it was a stupid investment then that makes them rational!

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #197
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by earthworm View Post
    Private charity has its limitations..
    Ever wonder why , at one recent time, half the word's population was communist?
    Ireland did not have a capitalist economy back then. It's tough to donate to charity when you're being exploited by a ruling party (and this is real exploitation, not made up Marxist exploitation).

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #198
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by earthworm View Post
    The answer is obvious, the solution is not..
    Why don't we study the German solution, their problems do not seem to be nearly as bad as ours.
    People are greedy so they want to make bad decisions that lose them money? Get a better theory of human action, your's is sorely lacking.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #199
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by phattonez View Post
    So people keep putting their money into the vending machine that keeps eating their money?
    Yes, essentially. That's why bubbles happen.

    Quote Originally Posted by phattonez
    If they aren't doing it today because they realized it was a stupid investment then that makes them rational!
    No, that just makes them knowledgeable about current events. The fact that they created a bubble in the first place makes them irrational. BTW, this phenomenon isn't merely limited to things we typically regard as "bubbles." Take the following example: Which of the following industry portfolios of stocks do you think will have the highest rate of return over the next decade? A) Biotechnology, health care, and pharmaceuticals; B) Computer software, information technology, and nanotechnology; C) Grocery stores, tobacco, and confectionery.

    Most people would pick either A or B, because they sound sexy. But the historical evidence would strongly suggest that the correct answer is C. Why? Because whenever people think that a company is doing something innovative, they bid up the stock price to ridiculously high levels, which lowers the rate of return. The un-sexy cash cows, on the other hand, are often overlooked. Historically, stocks with a low P/E ratio have performed the best. If people were rational, there would be no correlation between P/E and rate of return because the market would rationally settle on the "correct" price.
    Last edited by Kandahar; 12-07-10 at 01:59 AM.
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  10. #200
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    Re: Your view: Food Stamps and Unemployment

    Quote Originally Posted by Kandahar View Post
    Yes, essentially. That's why bubbles happen.
    But people don't keep putting their money into vending machines that keep eating their money.

    No, that just makes them knowledgeable about current events. The fact that they created a bubble in the first place makes them irrational. BTW, this phenomenon isn't merely limited to things we typically regard as "bubbles." Take the following example: Which of the following industry portfolios of stocks do you think will have the highest rate of return over the next decade? A) Biotechnology, health care, and pharmaceuticals; B) Computer software, information technology, and nanotechnology; C) Grocery stores, tobacco, and confectionery.

    Most people would pick either A or B, because they sound sexy. But the historical evidence would strongly suggest that the correct answer is C. Why? Because whenever people think that a company is doing something innovative, they bid up the stock price to ridiculously high levels, which lowers the rate of return. The un-sexy cash cows, on the other hand, are often overlooked. Historically, stocks with a low P/E ratio have performed the best. If people were rational, there would be no correlation between P/E and rate of return because the market would rationally settle on the "correct" price.
    People make mistakes, I am perfectly willing to admit that as most libertarians do/should. However, I do not admit that they keep making the same mistake over and over again. It is the fact that people learn from their mistakes and engage only in those behaviors that are mutually beneficial in the long term that allows capitalism to function. If people were to make the same decisions that make them worse overall, then I would agree with you. However, people don't keep engaging in the same action that has made them worse off over and over again. They will eventually change and try something else that does benefit them.

    As an aside, how could irrational people force irrational people to act rationally? Just a tangential criticism that I don't want to get to involved in, but is interesting to me.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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