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Old 01-29-2018, 08:59 AM
 
3,962 posts, read 1,590,532 times
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We have an almost monthly example of this. It's known as the revised economic forecast. You know, where economists predict what the economy is going to do in the next month or quarter, then revisit those numbers after the fact. They are very often off by a considerable margin.
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Old 01-29-2018, 10:09 AM
 
Location: Ruidoso, NM
5,170 posts, read 4,730,147 times
Reputation: 4206
Quote:
Originally Posted by FrankMiller View Post
Basically, companies are sharing a pittance with their employees so they can crow about how tax cuts are definitely awesome for the average Joe, keep doing them! While 98% of the benefit remains with the super-wealthy.
It's cheap PR.

And it keeps the lie going that tax cuts give companies an incentive to increase wages. There is absolutely zero basis for it, except as a PR move.

Companies pay the minimum that they must, in order to hire the employees they need/want. Doesn't matter how high or low their taxes are or how much profit they make. Windfalls have always gone to shareholders in the past. Why would this be different?
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Old 01-29-2018, 10:15 AM
 
3,529 posts, read 2,172,235 times
Reputation: 2636
Quote:
Originally Posted by jtab4994 View Post
So, you told me I'm "flat wrong" about hundreds of companies giving out bonuses and increasing wages, but you can produce no data to back it up.

Wells Fargo gives minimum wage workers $15 which is what the Left has been screaming for, for years, but it's not good enough when you get it.


Another case of a crank Left Winger letting his alligator mouth overload his hummingbird ass. Good bye.
It's hard to "prove" a negative. I can't prove you haven't murdered anyone, either. You're the one making a claim that the tax cut benefits ordinary workers, the onus is on you to support your claim.
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Old 01-29-2018, 12:01 PM
 
24,697 posts, read 26,777,106 times
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Quote:
Originally Posted by jtab4994 View Post
Well, Krugman admits that "other" economists make schitt up. His focus here is on people who thought inflation would come back and he crows that he was right about inflation not coming back.


I'd like to read an article by Krugman explaining why he thought the 2016 election would usher in an era of economic disaster, and why he got it so wrong.
Yeah, as usual, we see liberals pointing out right wing hypocrisy but not noticing their own. Same as always.
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Old 01-29-2018, 12:12 PM
 
Location: Aurora Denveralis
2,975 posts, read 1,012,279 times
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Quote:
Originally Posted by mysticaltyger View Post
Yeah, as usual, we see liberals pointing out right wing hypocrisy but not noticing their own. Same as always.
That's because righties are so busy guarding their position that they miss the point entirely. Same as always.
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Old 01-29-2018, 12:29 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,730,147 times
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Quote:
Originally Posted by mysticaltyger View Post
Yeah, as usual, we see liberals pointing out right wing hypocrisy but not noticing their own. Same as always.
Do right wingers notice their own?

It's just divide into artificial stupid camps, blah blah blah, make **** up, blah blah blah blah....

We need a 3rd party dedicated to truth. Well, I suppose not many would be interested....
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Old 01-29-2018, 12:37 PM
 
Location: Aurora Denveralis
2,975 posts, read 1,012,279 times
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Originally Posted by rruff View Post
We need a 3rd party dedicated to truth. Well, I suppose not many would be interested....
Hey, I work at it. I don't like either left-leaning or right-leaning economists; they're both full it.

That my theories and efforts align with the left side of the spectrum is simply because I value people more than institutions. The right not only doesn't care about people, but openly derides any person who isn't at their economic level, while pompously and piously speaking for institutions [that benefit them].
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Old 01-29-2018, 01:10 PM
 
3,529 posts, read 2,172,235 times
Reputation: 2636
Quote:
Originally Posted by jtab4994 View Post
Well, Krugman admits that "other" economists make schitt up. His focus here is on people who thought inflation would come back and he crows that he was right about inflation not coming back.


I'd like to read an article by Krugman explaining why he thought the 2016 election would usher in an era of economic disaster, and why he got it so wrong.
Bush's election ushered in the biggest economic disaster in eighty years, but it took almost eight years to fully materialize. I don't think Krugman was asserting the economy would collapse by March 2017, unlike the inflation panic squad that always insist disaster is six months or a year away.
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Old 01-30-2018, 01:31 AM
 
24,697 posts, read 26,777,106 times
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Originally Posted by Quietude View Post
That's because righties are so busy guarding their position that they miss the point entirely. Same as always.
No, it's because the media is a near complete liberal monopoly. So they attack any and all conservative ideas with impunity because they have no check on their power.
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Old 01-30-2018, 01:35 AM
 
24,697 posts, read 26,777,106 times
Reputation: 22704
Quote:
Originally Posted by rruff View Post
Do right wingers notice their own?

It's just divide into artificial stupid camps, blah blah blah, make **** up, blah blah blah blah....

We need a 3rd party dedicated to truth. Well, I suppose not many would be interested....[/quote]

I don't disagree with any of that. But I am sick of the liberal monopoly in the media.

But the problem goes a lot deeper than the need for a 3rd political party. Politics isn't the highest level of power.
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