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You misquoted me. I never wrote that. Note that there is no link as is usual in a quoted response. Seems you are either incapable of accurately following a discussion, OR you are being deliberately dishonest.
You're right. I did misquote you. Simple mistake. The mystery is why are your panties in such a wad about it?
Quote:
Originally Posted by InformedConsent
The actual poster of that comment:You're saying NoJiveMan, one of your own sympathizers, is an "uneducated buffoon."
I don't think he was calling either myself, or florida.bob a "*******."
Perhaps YOU should follow your own advice and pay closer attention. You're letting all your "class warfare is upon us economic injustice rage of the 1% even though you're not of the 1%" cloud your thoughts.
No. It's all only artificially pulled forward demand. A HUGE portion of economic growth has been nothing but accumulated debt over the past 30 years. It's NOT legitimate spending or economic growth.
It's not artificial at all. That money buys real things; sold by real Americans; and often made by real Americans. The money that is transferred pays real pay checks and the people receiving those checks buy real things too. Real families benefit from what you call "artificial." The maco effect of all that boosts real GDP and reduces real unemployment.
You're right. I did misquote you. Simple mistake. The mystery is why are your panties in such a wad about it?
You put my name to something I didn't write. Please retract the statement.
Quote:
I don't think he was calling either myself, or florida.bob a "*******."
Your ACTUAL statement was:
Quote:
Originally Posted by TriMT7
Use of the word "*******" is the first sign of an uneducated bufoon. These are people I wish I could call idiots to their face, but alas cannot do to the relative anonymity of the internet.
NoJiveMan was the only poster besides you who used the word "*******" in this thread.
Quote:
Perhaps YOU should follow your own advice and pay closer attention. You're letting all your "class warfare is upon us economic injustice rage of the 1% even though you're not of the 1%" cloud your thoughts.
How do you know I don't earn enough to be of the 1%? There are MANY, MANY people who've sacrificed much and worked hard to get to that level. We don't particularly enjoy being demonized by people who can't even follow a simple discussion accurately.
I and many others HIGHLY resent carrying a MUCH heavier load than everyone else. I work for more than 4 months of the year as a tax SLAVE just to pay my federal income tax bill. Meanwhile, 47% pay no federal income tax whatsoever, yet get all of the same federal benefits and services that I do - with many of those in the 47% getting far more than I do via public assistance social welfare benefits.
It's not artificial at all. That money buys real things; sold by real Americans; and often made by real Americans. The money that is transferred pays real pay checks and the people receiving those checks buy real things too. Real families benefit from what you call "artificial." The maco effect of all that boosts real GDP and reduces real unemployment.
So... all that exponentially increasing debt bought us high unemployment and record-high numbers of people on food stamps? Was that really the intended result?
So... all that exponentially increasing debt bought us high unemployment and record-high numbers of people on food stamps? Was that really the intended result?
I really wish you studied economics. Then, perhaps, you would understand a few things.
Unemployment was not a product of debt. That doesn't even make sense. The record numbers of people on food stamps is a function of two factors 1) the record number of Americans. 2) a depressed economy.
Had the government not spent the way it did over the last five years, we would be reliving the 1930s.
I really wish you studied economics. Then, perhaps, you would understand a few things.
Unemployment was not a product of debt. That doesn't even make sense. The record numbers of people on food stamps is a function of two factors 1) the record number of Americans. 2) a depressed economy.
Had the government not spent the way it did over the last five years, we would be reliving the 1930s.
This is hillarious. We are living through a depressed economy, not sure under which rock you live. I'm sure you know that what elongated the depression was exactly the same thing, goverment spending trippled the debt in ~10 years. We've doubled it in 4 amd will try to double it in the next 4. But it's unlikely we will be able to double it again, the market probably will not allow it.
Let me remind you what got us out was a world war.
This is hillarious. We are living through a depressed economy, not sure under which rock you live. I'm sure you know that what elongated the depression was exactly the same thing, goverment spending trippled the debt in ~10 years. We've doubled it in 4 amd will try to double it in the next 4. But it's unlikely we will be able to double it again, the market probably will not allow it.
Let me remind you what got us out was a world war.
With all due respect, you don't know what you are talking about.
As even a moron can see, the Depression was made better under FDR:
From 1929 to 1933, GNP dropped in half; and unemployment went from 5% to 25%.
Then FDR instituted the New Deal.
From 1933 to 1937, GNP rose and unemployment rose dramatically.
In 1937, the Republicans convinced FDR to pull back on the New Deal. He did and the nation went into a recession.
In 1938, FDR re-instituted the New Deal and the recession ended.
U.S. producers continue to get squeezed year after year. That's what the government spending has done... don't blame it on greedy rich, blame it on greedy spineless politicians for destroying the value of the dollar and for creating imbalances in the economy which have driven away businesses.
We will soon meet our maker, but everyone is oblivious to this fact. The last time it happened it left a scar on those that lived through it leaving those to be much more frugal. Indeed we have too much debt today and are about to get more of it.
Printing money and handing it to people will NEVER, EVER, EVER, EVER fix anything, but will destroy the banks.
1) more currency doesn't create wealth, it simply redistributes it. Meaning, the government can double the money supply, send checks to every american, and the next day, every single item on the shelf will be worth twice the amount it was on the previous day.
2) Since citizens can technically pay back their loans with the new money, the banks will receive half what they lent out (in real terms) for fixed loans. In other words, since the money being paid back can only purchase half what it previously did (proven by demand curve), banks would lose half of their investment. Their capital will be destroyed. Most banks will go belly up and those remaining will jack up rates to levels not seen in 40 years.
In other words, printing money and sending it to people is not beneficial and can wreck havoc within the financial system. If you are wondering why this ponzi worked, it's thanks to savings and capital which was sitting in the hands of producers. That was slowly diminished to peanuts (hence they moved away); while consumers, instead of receiving salary increases received increased credit lines. This is the imbalance I refer to above.
The Fed appears to be control of rates. The Fed is simply a market maker, it is not the market by any stretch of the imagination. If it was the market, there would be no market, period. Go look at the Fed's balance sheet, it's something like 3 trillion while the entire market is 100 times bigger than that. You can take a guess at who decides where rates are headed.
We are at the mercy of the market and we are pretty close to having a rude awakening.
Location: By the sea, by the sea, by the beautiful sea
68,327 posts, read 54,350,985 times
Reputation: 40731
Quote:
Originally Posted by florida.bob
I know! How do they expect us to dis Obama if they keep adding jobs?
Make something up, it's the accepted practice of the "Obama's wrong, what are we talking about?" crowd.
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Destruction of a Nation
