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So what are you complaining about then? This is your ideal situation. Companies are making $. Workers have no power to get a bigger share of the profits. Demand among the middle class drops, and the economy drags along.
Finally a Conservative comes out and admits it.
You are lost in your own little world, where you surround yourself with little, cartoonist, simplistic, imaginary straw men.
Meanwhile you support a president who is taking away the individual power and freedom of the people to make a life for themselves.
So what are you complaining about then? This is your ideal situation. Companies are making $. Workers have no power to get a bigger share of the profits. Demand among the middle class drops, and the economy drags along.
Finally a Conservative comes out and admits it.
Demand/consumption are doing just fine; didn't you just say corporate profits were making record money? Well, which is it?
I think most people are complaining about the fact that it is more difficult for smaller companies to start up and compete. Small businesses have always been the backbone of the American economy and small companies have always employed more Americans than larger companies.
Of course, some people complain no matter what.
I could be persuaded to believe that if Obamacare & Dodd-Frank weren't the examples of what hurting businesses. The vast majority of small businesses won't be affected by either. And the ones that are affected by Dodd-Frank are the multi-million businesses paying out five figure bonuses on top of six figure salaries.
The government is printing dollars just as fast as it can so that we end up paying China and other creditors with less valuable money (it's called 'monetizing the debt'.) Keeping interest rates low makes dollars cheap here and strong abroad. The wreck that the EU also keeps dollars relatively attractive -for now.
The problem is that no business knows when (in the foreseeable future) the printing spree will stop. That kind of uncertainty makes businesses wary of major hiring.
When one talks about numbers it's a good idea to actually look at those numbers. Increasing the money supply, which is the task of the Fed not Obama, has neither cheapened the dollar or created inflation.
Also note that about 2/3 of government debt is owed to other Americans, who pay taxes on the interest they earn on our bonds -- as well as income to spend.
Paul Krugman tackles the fantasy of "uncertainty:"
Matt O’Brien beats me to it: Marco Rubio’s SOTU response also included a shout-out to Say’s Law:
Quote:
Every dollar our government borrows is money that isn’t being invested to create jobs. And the uncertainty created by the debt is one reason why many businesses aren’t hiring.
I know where he gets this stuff: it’s what the Heritage Foundation guys were saying four years ago. It was obviously wrong even then: we have an excess of desired savings over desired investment — that’s why the economy is depressed! — so it makes no sense to assume that government borrowing must crowd out private investment dollar for dollar, or indeed at all.
But some things have changed over these past four years. Back then, the Heritage guys, Niall Ferguson, etc. made a prediction: those government deficits supposedly competing for funds with business would send interest rates soaring. Instead they hit record lows. And we also have evidence on what happens when government try to slash deficits in a depressed economy. Here’s IMF data for all advanced countries, where austerity is measured by the change in the structural budget balance as a percentage of potential GDP:
Why should anyone accept the views of people on the right who have been consistently wrong?
Demand/consumption are doing just fine; didn't you just say corporate profits were making record money? Well, which is it?
Are you saying both can't happen? An employee can't have stagnating wages, while an employer earns more profit on every dollar? Someone in this thread explained exactly how that can happen. And by someone, I mean you.
Are you saying both can't happen? An employee can't have stagnating wages, while an employer earns more profit on every dollar? Someone in this thread explained exactly how that can happen. And by someone, I mean you.
Apparently demand is doing well = record corporate profits
Apparently demand is doing well = record corporate profits
But middle class demand is suffering.
I'm a little confused.
Bank bailouts, auto bailouts, billions to failed green energy companies, QE1, QE2, QE3 and now QE4 pumping $85 billion a month into the stock market, 0bamacare seeing people's hours get cut, these don't help people like me, people earning middle and lower income, and it's all happening under 0bama. I fail to see how conservatives asked for any of this.
You are expecting intellectual honesty from the right wingers here. How can they get their taxes cut again unless they continue with their end of the world narrative? It is all about power for themselves, not about truth, justice, or the improvement of our country. That is why successful companies are not reinvesting, why the posters here will never admit that Obama did anything right, ever, and why they will twist and lie and squirm and wiggle when confronted with the obvious and proven bankrupsies of their ideology. "Trickle down" was a snow job in the 1980s, and just a cruel joke now.
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