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Europe is already proving what we've know all along.
Cutting government spending in an economic downturn exactly the wrong thing to do.
Look at this graph of countries in Europe that followed the GOP's spending cut plans versus countries that kept their government spending up ..Powering their recoveries.
Only in countries that rejected right wing austerity measures, and increased government spending, did GDP go up.
Every single country that carried out what is now Romney's plan, lost ground and their citizens will suffer more.
While you guys pat each other on the back the rest of the world is growing and the 3 billion people that are growing the fastest could not care less about your moaning and groaning. It's very simple what happened to the manufacturing base in the US, it left because its not logical to pay button pushers US union wages. When you factor in the fact that the materials that we were using to manufactur goods were coming from many of those growing countries the full picture becomes very clear to the natural laws of economic deniers.
Why would someone buy a product that has the cost included to mine the goods, ship them across the planet, have them built by high cost wage earners and then ship them back across the planet to the emerging markets?
Apparently you don't know this but the engineering side of manufacturing is still here and very strong. That's what happens to countries after industrialization. The country becomes more technologically advanced and the lower less technologically advanced jobs disappear en mass.
Wow, so if I take my wallet out of my left pocket, and put it in my right, I somehow create wealth? How does that work exactly?
It sure in hell not only does not free up capital, but it reduces it. Unless again you can tell me how an investor can buy US Debt, and increase the amount of capital they have to invest at the same time. As an individual who lives off investments, I'm anxiously awaiting your secret on how I can spend more, and that spending, give me more money to spend..
And if they are out buying T notes, how can they buy stocks with the exact same money? Clearly they cant, but you want us to believe that doing so, frees up capital.
Please share with me what corporations do with the money they get from the shares of stock they sold if not stimulate the economy. Tell me why corporations go public to begin with, if not to raise money so they can invest and grow. You arent making a lot of sense, but like most liberals, they rarely do.
They try to encourate spending which does stimulate but thats not the discussion. The discussion again is how giving money to the government, stimulates. You cant even keep your own arguments straight because 1 second, giving money to the government stimulates, the next you admit that spending does in the private sector. I didnt call you dumb, but if me telling you that you're wrong, makes you feel that way, thats not my problem. Maybe if you didnt say dumb things, I wouldnt have to point out the problems with your argument.
And without money to invest, corporations dont grow, they dont hire, they dont expand, they dont develop, and all of that gets SPENT.. Again I ask you how does someone invest, that doesnt result in jobs and spending. I've never once invested in something that didnt have a direct impact on jobs.. NEVER.
It doesnt because again, you cant give money to someone for direct consumption without first taking it from someone else who would have spent their money resulting in consumption. Your whole argument falls flat on its face because you completely ignore that invested money creates jobs as well. Even if I sit on it and deposit it in the bank, the banks have to reloan that money out in order to pay my profits, and that money loaned out CREATES JOBS..
Its no coincidence that capital funds are tight right now and people cant get loans. Government is sucking the capital and thus the economy cant grow. Growth of an economy cant take place without investments because once you consume there is no return, and thus you generated no long term viable capital growth.
And so will the $100 if you didnt remove it to begin with. Again, what on gods earth do you think people would do with their $100? Use it for firewood?
More left wing bull ****. The deficit is due to SPENDING INCREASES.. When you stop saying stupid things like this, I'll stop thinking you're dumb
I'm not gonna sit and argue with someone who states they live off investments. That works for only a small fraction of the population. I am not a liberal. I was not advocating food stamps or stimulus as I've repeatedly stated. I was merely pointing out how that money directly impacts the economy. It changes hand repeatedly. THAT creates wealth. You apparently see stagnating money as having a wealth creating effect. It can hold wealth at best, but it does not create it. Most of us operate in the real world, where we depend on consumption. Without consumer demand and spending, many of us would be without a job. See how quickly the economy takes a dump after that happens. See how much momentum that downward spiral generates.
Wanna balance the budget and cut government spending? Do it when the economy ISN'T on fragile ground. Wanna get rid of social safety nets? Do it when they are LEAST needed. Wanna turn America into a third world slum? Do all of these things during a nasty recession, and the pieces will all fall in line for you. Than you can capitalize on everyone's suffering on the cheap.
And you also seem to think that investments create jobs somehow... Yea, like the job fairy is going to just come around and sprinkle some of that job creating dust. What flawed logic you have. Jobs are created by DEMAND. Unless you believe in the fantasy of supply side economics, consumer spending is what creates jobs in MOST cases. Especially true in a CONSUMER BASED ECONOMY.
So go ahead, thump your fists. Call me a socialist or a liberal, or whatever. I'm sure I hate these things twice as much as you do. Go ahead and use piddly insults and sweeping generalizations. Just shows your lack of understanding of the topics your trying to argue about. Cutting spending will hurt GDP, and will hurt the consumer and business community as a whole. No body cares about how well your investments might do. If anything, they will take a dump once the impact of reduced spending is felt. And once tax revenue is lost, the budget deficit will be in even worse shape.
And one thing you completely fail to grasp... To you, a dollar is a dollar. Do you ever consider the effect of a dollar changing hand multiple times? Do you realize that every time it changes hands, it is TAXED??? Do the math... Cutting the number of times money changes hands in a year DIRECTLY HURTS tax revenue. And you wonder why the country is broke???? TOO MUCH MONEY SITTING IDLE!!!
When corperations and the wealthy horde stagnant money, and consumers have little to spend, THE COUNTRY IS TOAST. Could anyone make that more clear for you? No spending, no demand, NO JOB GROWTH.
You aren't nearly as smart as you seem to have made yourself believe. To make up for it, I imagine you will continue to refer to me as a socialist, a liberal, or whatever. Well, whatever helps ya sleep at night I guess.
I'm not gonna sit and argue with someone who states they live off investments. That works for only a small fraction of the population. I am not a liberal. I was not advocating food stamps or stimulus as I've repeatedly stated. I was merely pointing out how that money directly impacts the economy. It changes hand repeatedly. THAT creates wealth. You apparently see stagnating money as having a wealth creating effect. It can hold wealth at best, but it does not create it. Most of us operate in the real world, where we depend on consumption. Without consumer demand and spending, many of us would be without a job. See how quickly the economy takes a dump after that happens. See how much momentum that downward spiral generates.
Wanna balance the budget and cut government spending? Do it when the economy ISN'T on fragile ground. Wanna get rid of social safety nets? Do it when they are LEAST needed. Wanna turn America into a third world slum? Do all of these things during a nasty recession, and the pieces will all fall in line for you. Than you can capitalize on everyone's suffering on the cheap.
And you also seem to think that investments create jobs somehow... Yea, like the job fairy is going to just come around and sprinkle some of that job creating dust. What flawed logic you have. Jobs are created by DEMAND. Unless you believe in the fantasy of supply side economics, consumer spending is what creates jobs in MOST cases. Especially true in a CONSUMER BASED ECONOMY.
So go ahead, thump your fists. Call me a socialist or a liberal, or whatever. I'm sure I hate these things twice as much as you do. Go ahead and use piddly insults and sweeping generalizations. Just shows your lack of understanding of the topics your trying to argue about. Cutting spending will hurt GDP, and will hurt the consumer and business community as a whole. No body cares about how well your investments might do. If anything, they will take a dump once the impact of reduced spending is felt. And once tax revenue is lost, the budget deficit will be in even worse shape.
And one thing you completely fail to grasp... To you, a dollar is a dollar. Do you ever consider the effect of a dollar changing hand multiple times? Do you realize that every time it changes hands, it is TAXED??? Do the math... Cutting the number of times money changes hands in a year DIRECTLY HURTS tax revenue. And you wonder why the country is broke???? TOO MUCH MONEY SITTING IDLE!!!
When corperations and the wealthy horde stagnant money, and consumers have little to spend, THE COUNTRY IS TOAST. Could anyone make that more clear for you? No spending, no demand, NO JOB GROWTH.
You aren't nearly as smart as you seem to have made yourself believe. To make up for it, I imagine you will continue to refer to me as a socialist, a liberal, or whatever. Well, whatever helps ya sleep at night I guess.
invested money isnt stagnate.. How the hell does stagnate money earn a profit? How did Romney become so dam rich? NO ONE EARNS MONEY WITHOUT PUTTING OTHER PEOPLE TO WORK.. Buffet, Gates, both have hundreds of thousands of employees.
Why dont you list for me one person who got rich without employees.. I dare you!!
invested money isnt stagnate.. How the hell does stagnate money earn a profit? How did Romney become so dam rich? NO ONE EARNS MONEY WITHOUT PUTTING OTHER PEOPLE TO WORK.. Buffet, Gates, both have hundreds of thousands of employees.
Why dont you list for me one person who got rich without employees.. I dare you!!
So you're telling me I am creating jobs when I buy 1000 shares of Nike, that have probably been floating around for years? Or how about when I buy T bonds, or perhaps when I decide to by a fund that shorts the market? Credit default swaps anyone??? All these things can potentially earn a profit.
We already know what will happen if the Dems maintain control. 4 more years of stagnation.
Stagnation would be a gift. Turn this guy into a lame duck and you are REALLY going to see how awful he can be. For those that afraid of the right taking control, just remember, chances are better you will have a job with a roof over your head and the AC on wherever you are sitting in that dwelling you despise so much....
has to be better than the apartments he threw you into as you lost your last job, house, and perhaps family from all his good work so far......
If he gets reelected, the left deserves whatever horrors come their way. I can only pray it's so economically painful for you that you become healed, finally, albeit 4 more years from now. I'll domy part and make sure you get as little relief as possible. Harsh? You bet.....and your point would be?
Vote very, very carefully.....the CFOs are just lining up the layoff numbers thanks to your guys latest move.
invested money isnt stagnate.. How the hell does stagnate money earn a profit? How did Romney become so dam rich? NO ONE EARNS MONEY WITHOUT PUTTING OTHER PEOPLE TO WORK.. Buffet, Gates, both have hundreds of thousands of employees.
Why dont you list for me one person who got rich without employees.. I dare you!!
There are many people who got rich off investments as an employee.
So you're telling me I am creating jobs when I buy 1000 shares of Nike, that have probably been floating around for years? Or how about when I buy T bonds, or perhaps when I decide to by a fund that shorts the market? Credit default swaps anyone??? All these things can potentially earn a profit.
What did Nike do with the money they originally got from the shares sold? How are they paying dividends? What happens to the money the seller got for his shares? Or when you short the market, where does the profits go for the interest you pay to borrow? You sit here and pretend that the transaction ends after you make the trade but clearly its not over. That money then recycles back into the economy.. dah!!!!
So you're telling me I am creating jobs when I buy 1000 shares of Nike, that have probably been floating around for years?
It depends upon what the seller of the stock does with the money and where your initial investment money came from.
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