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CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

Reagan was senile throughout most of his presidency. Fact.

Another fact: He was shot and in the hospital 3 months after being inaugurated. Everyone who knew him at the time said he was never the same after that traumatic event. His recovery was long and slow. He had a hard time staying focused and never again was able to manage going for long without needing rest.

Reagan's wonderful leadership is all in your head.

And yet he won 49 out of 50 States for his second term as President. Perhaps your information wasn't available to the voters at that time.
 
Interesting, but I don't really buy the assertion that inflation is caused by differences in rate changes of GDP and productivity.

It's more complicated than that, but that's the general idea.

So if we say that inflation is an increase in GDP without a corresponding increase in Productivity then we're saying that inflation is a decrease in hours worked for the same end.. which isn't at all the case.

Didn't you read the link???!!!! How does a company deal with a fall in productivity? If their business is expanding, they increase the price of the product sold. If their business is contracting, they devise a new business plan/strategy.
 
Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

Demonizing a former deceased President is a sickness, seek help. Reagan has nothing to do with this thread topic and your comments only show your ignorance and exactly the kind of person you are. It isn't a pretty picture

Demonizing a sitting president is a sickness, seek help. Obama has nothing to do with this thread topic and your comments only show your ignorance and exactly the kind of person you are. It isn't a pretty picture
 
Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

Demonizing a sitting president is a sickness, seek help. Obama has nothing to do with this thread topic and your comments only show your ignorance and exactly the kind of person you are. It isn't a pretty picture

Dems pioneered that activity with their treatment of GWB.
 
Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

And yet he won 49 out of 50 States for his second term as President. Perhaps your information wasn't available to the voters at that time.
The economy was improving significantly by '84, and he ran against this dude.
walter-mondale-052108-lg-32383337.jpg


Further reading also showed that RR wasn't in that bad of shape. His dementia hit later, '87 at the earliest, and he apparently did make a full recovery from the gunshots. So...I was wrong.
 
I recently had a good debate with my mother and other family members at a gathering a week or so ago.... My mother blames imports (given our excessive outsourcing) as a significant role for inflation.... That wasn't the only factor cited but the main factor... That is an interesting outlook, however I would accept that idea to play a roll, however it's more complicated than that. I believe the FED and the fact it costs more than a dollar to spend a dollar through the idea of stimulus plays a major role in this horrible economy.

I found that idea rather interesting..

Your'e right, inflation is extremely complex. For one, I'd say that It's not actually a measurable thing because you can't actually compare the market of today with past markets. Sure you can take a look at the cost of a loaf of bread today, and compare it to 30 years ago, but that doesn't just tell you how the value of money has changed. Differences in agriculture, logistics, production techniques all drive down costs. But things like increased health care costs for workers drive those costs back up. There are also differences in demand. For example, the healthfulness of white flour might serve to drive down demand.

That said, I'm not sure how imports would serve to increase inflation in the US. For that to be true, you'd need to make the case that the US was inelastically dependant on exports such that increases in Chinese worker costs were not met with an equivalent reduction in demand.
 
Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

Dems pioneered that activity with their treatment of GWB.

The GOP started it by demonizing Clinton, especially when they went ahead with that stupid impeachment. But, in the defense of both groups, neither Bush nor Clinton won a clean majority in their first term, but yet they governed like they had a mandate. I can see where that would P people off, on both sides.

Obama swept McCain and won reelection by a significant number of votes and states. He should be getting a wee bit more love. Clinton too won reelection quite handily, destroying Dole. Bush, OTOH, squeaked by Kerry, winning only because he held Ohio.
 
Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

The GOP started it by demonizing Clinton, especially when they went ahead with that stupid impeachment. But, in the defense of both groups, neither Bush nor Clinton won a clean majority in their first term, but yet they governed like they had a mandate. I can see where that would P people off, on both sides.

Obama swept McCain and won reelection by a significant number of votes and states. He should be getting a wee bit more love.

Fair enough, except BHO rammed through ACA on a party line vote. Political malpractice.:peace
 
Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

Fair enough, except BHO rammed through ACA on a party line vote. Political malpractice.:peace

As well as using bribery and changing the tradition from 60% required to 50%.
 
It's more complicated than that, but that's the general idea.



Didn't you read the link???!!!! How does a company deal with a fall in productivity? If their business is expanding, they increase the price of the product sold. If their business is contracting, they devise a new business plan/strategy.

Yep, read it. But it's pretty simple math. Productivity = GDP / Hours. That means that GDP / Productivity = Hours. You're saying that inflation is an increase in the ratio of GDP to Productivity. So under that hypothesis, inflation is equivalent to an increase in the number of hours. (I think I said decrease before). That is clearly not the case. Microeconomic analysis doesn't work on macroeconomic issues because macroeconomics includes complex feedback.

For example, your example is based on the false assumption that there are no other producers and there is inelastic demand. If a company has a fall in productivity, then they lose profit as they'll have to hire more workers to maintain the same supply. If all of the suppliers suffer a similar loss in productivity, then the Nash Equilibrium will shift, and supply, demand, and profit will reach a new equilibrium.

According to wikipedia:
Currently, the quantity theory of money is widely accepted as an accurate model of inflation in the long run. Consequently, there is now broad agreement among economists that in the long run, the inflation rate is essentially dependent on the growth rate of money supply relative to the growth of the economy. However, in the short and medium term inflation may be affected by supply and demand pressures in the economy, and influenced by the relative elasticity of wages, prices and interest rates.

 
If only you had any idea how wrong you are. Had the Federal government increased spending to levels necessary to supplement a most expansionary monetary policy initiative, we wouldn't have 7.3% unemployment.
You are probably right. If we had left that six trillion in the private economy by now we would be back to around 4% unemployment. Instead we have cleverly build and placed a massive time bomb just below our feet...
 
Yep, read it. But it's pretty simple math. Productivity = GDP / Hours. That means that GDP / Productivity = Hours. You're saying that inflation is an increase in the ratio of GDP to Productivity. So under that hypothesis, inflation is equivalent to an increase in the number of hours.

Wow....

Inflation is the result of growth in output exceeding growth in productivity. In the real world productivity and output are dynamic variables. Meaning, output can fall by 1%, but if productivity falls by 2%, there will be inflation. Or, output can increase by 5%, but productivity can stay stagnant, leading to inflation. Learn the difference between a function and an equation before using algebra as your basis for analysis.

Inflation is entirely and everywhere a monetary phenomenon, in the long run (thanks Milton!). In the short run, it is determined exclusively by the dynamics of supply and demand.
 
You are probably right. If we had left that six trillion in the private economy by now we would be back to around 4% unemployment. Instead we have cleverly build and placed a massive time bomb just below our feet...

Do you understand why balancing the budget in 2009 would lead to depression? If not, i will explain it to you (which should be a fruitful exercise for those who are not informed on this subject).
 
Their job is to follow the Constitution, not keep the government open. Funny, you don't see the Senate & president's refusal to negotiate as not doing their jobs! Ironically, what you suggest is unconstitutional. God, the left is so messed up!

Follow the Constitution? Where does it say that shutting down the govt. when you don't get what you want is a tactic?
 
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Do you understand why balancing the budget in 2009 would lead to depression? If not, i will explain it to you (which should be a fruitful exercise for those who are not informed on this subject).

What are your thoughts on tariffs and excise taxes versus income based taxation?
 
Follow the Constitution? Where does it say that shutting down the govt. when you don't get what you want is a tactic?

You'll need to ask Harry and the President that question. Have you?
 
What are your thoughts on tariffs and excise taxes versus income based taxation?

They are both flawed in the sense that they don't respect property.
 
Do you understand why balancing the budget in 2009 would lead to depression? If not, i will explain it to you (which should be a fruitful exercise for those who are not informed on this subject).

Dependence. :mrgreen:
 
Do you understand why balancing the budget in 2009 would lead to depression? If not, i will explain it to you (which should be a fruitful exercise for those who are not informed on this subject).

That's what I like about you. You are the eternal optimist. I doubt it will be fruitful.
 
LOL and Conservatives only believe lies. Because only with lies can they justify any of their positions. Facts have a liberal bias after all.

The only people that believe facts have a liberal bias are liberals. Guess who else believes facts have bias towards what they believe? Everyone.
 
They are both flawed in the sense that they don't respect property.

How so? Tariffs do not affect one's property, and excise taxes only are intended to deter behavior, not prohibit it...
 
Wow....

Inflation is the result of growth in output exceeding growth in productivity. In the real world productivity and output are dynamic variables. Meaning, output can fall by 1%, but if productivity falls by 2%, there will be inflation. Or, output can increase by 5%, but productivity can stay stagnant, leading to inflation. Learn the difference between a function and an equation before using algebra as your basis for analysis.

Inflation is entirely and everywhere a monetary phenomenon, in the long run (thanks Milton!). In the short run, it is determined exclusively by the dynamics of supply and demand.

You've got to do a better job defining output for that to make sense. Traditional definitions of Output and Productivity are inter-dependant quantities. Do you see what I'm getting at?

You're totally right that long term inflation is essentially a monetary phenomenon, but even that is difficult to quantify.
 
What are your thoughts on tariffs and excise taxes versus income based taxation?

Tarrif and excise revenue has a ceiling that is not capable of fully funding the world superpower. Besides, you would have to legalize all drugs (for which many are illegally imported) and assume something like a trillion dollars is realized annually from the sales. Imports (about $2.5 trillion) + excise (lets say another trillion) + drugs gives you a theoretical/hypothetical revenue base of less than $5 trillion. Now the biggest concern is the tax elasticity of the subclasses, e.g. how much will heroin sales or hooker sales decline if taxes are raised x% or how many Mercedes will be purchased if EU goods are taxed y%.

If you could somehow extrapolate $2.5 trillion in tax revenue from imports and excise, would you consider that enough?
 
You've got to do a better job defining output for that to make sense. Traditional definitions of Output and Productivity are inter-dependant quantities. Do you see what I'm getting at?

Yes, the accounting necessary to aggregate is in identity form. That still does not negate the relationship between economic growth (employment, credit, policy, etc...) and productivity (agency, management, input factors, etc...) being a multi-dimensional paradigm which primarily determine inflation.
 
Tarrif and excise revenue has a ceiling that is not capable of fully funding the world superpower. Besides, you would have to legalize all drugs (for which many are illegally imported) and assume something like a trillion dollars is realized annually from the sales. Imports (about $2.5 trillion) + excise (lets say another trillion) + drugs gives you a theoretical/hypothetical revenue base of less than $5 trillion. Now the biggest concern is the tax elasticity of the subclasses, e.g. how much will heroin sales or hooker sales decline if taxes are raised x% or how many Mercedes will be purchased if EU goods are taxed y%.

If you could somehow extrapolate $2.5 trillion in tax revenue from imports and excise, would you consider that enough?

You're forgetting the need/desire of individuals to fulfill their wants, and that would promote domestic production, thus employment and more consumption of domestically produced goods...
 
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