TPS Posted October 4, 2014 Share Posted October 4, 2014 You're crediting Keynes and Fisher with one of the central Austrian arguments? right, as if the Austrians are the only ones to incorporate debt into analysis. The influence of credit on crises goes back to Marx and Mill. As I told you years ago, I have some sympathy for the Austrians because they do incorporate debt. The problem is their ideas on money. They think modern money is equivalent to when gold was used as money, hence their absurd view that inflation is an increase in the money supply. Guys like schiff keep beating the dead horse and have to resort to conspiracy theories that government is lying. And the conspiracy nuts are alive and well here... Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 21, 2015 Share Posted July 21, 2015 (edited) It takes a special brand of incompetence to walk into a recession and literally make things worse for the children. More children living in poverty now than in "the Great Recession." About 22% of children in the U.S. lived below the poverty line in 2013, compared with 18% in 2008, the foundation's 2015 Kids Count Data Book reported. In 2013, the U.S. Department of Human and Health Service's official poverty line was $23,624 for a family with two adults and two children. “The fact that it’s happening is disturbing on lots of levels,” said Laura Speer, the associate director for policy reform and advocacy at the Casey Foundation, a non-profit based in Baltimore. “Those kids often don’t have the access to the things they need to thrive.” The foundation says its mission is to help low-income children in the U.S. by providing grants and advocating for policies that promote economic opportunity. Edited July 21, 2015 by LABillzFan Link to comment Share on other sites More sharing options...
quinnearlysghost88 Posted July 21, 2015 Share Posted July 21, 2015 (edited) It takes a special brand of incompetence to walk into a recession and literally make things worse for the children. More children living in poverty now than in "the Great Recession." It rose 18% in a decade pre-recession. This isn't just a trend that began in '08. http://www.npr.org/2011/08/17/139714683/study-child-poverty-up-in-38-states-over-past-decade And it's the same foundation as your study, and they're measuring "poverty" as income under 22,350/yr for a family of four, which this new study is measuring as housing exceeding 30% of pre-tax income (much bigger net). Edited July 21, 2015 by quinnearlysghost88 Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 21, 2015 Share Posted July 21, 2015 It rose 18% in a decade pre-recession. This isn't just a trend that began in '08. I'll remember that the next time a liberal tries to tell everyone what a great job Obama did to pull the country out of "the Great Recession." Link to comment Share on other sites More sharing options...
quinnearlysghost88 Posted July 21, 2015 Share Posted July 21, 2015 I'll remember that the next time a liberal tries to tell everyone what a great job Obama did to pull the country out of "the Great Recession." so your argument initially was: it takes incompetence to walk into a recession (a decline) and make things worse for children. Then, when presented with evidence that, in fact, this is a trend that has been happening prior to the administration and, if you used the new 30% of pretax income, would be markedly worse, you say: "i'll remember that next time a liberal..." I tried giving the politics section a chance on here. That was asinine on my part. good luck with your right wing circle jerk. Link to comment Share on other sites More sharing options...
GG Posted July 21, 2015 Share Posted July 21, 2015 (edited) so your argument initially was: it takes incompetence to walk into a recession (a decline) and make things worse for children. Then, when presented with evidence that, in fact, this is a trend that has been happening prior to the administration and, if you used the new 30% of pretax income, would be markedly worse, you say: "i'll remember that next time a liberal..." I tried giving the politics section a chance on here. That was asinine on my part. good luck with your right wing circle jerk. It appears that you may have a problem with interpretation. The poverty line is 22,350/yr for a family of four, but the 30% of pre-tax income figure is to measure low income households. Not one and the same. PS, if we to interpolate the statistics, while the poverty rate grew 18% over the decade leading up to the great recession, it jumped 22% in the six years following it. But we understand. Edited July 21, 2015 by GG Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 21, 2015 Share Posted July 21, 2015 so your argument initially was: it takes incompetence to walk into a recession (a decline) and make things worse for children. Then, when presented with evidence that, in fact, this is a trend that has been happening prior to the administration and, if you used the new 30% of pretax income, would be markedly worse, you say: "i'll remember that next time a liberal..." I tried giving the politics section a chance on here. That was asinine on my part. good luck with your right wing circle jerk. Actually, I didn't make an argument at all. Just an observation. You created an argument I never made so you could advance a talking point that serves only to contradict what the WH has been telling everyone for the past six years, and then tried to explain how the argument I never made was refuted by evidence that is irrelevant to the argument I never made. But hey..great job getting in the right-wing circle jerk stab. You should hang out here more often because gatorman could use the competition. Link to comment Share on other sites More sharing options...
keepthefaith Posted July 22, 2015 Share Posted July 22, 2015 ." I tried giving the politics section a chance on here. That was asinine on my part. good luck with your right wing circle jerk. A little thin skinned maybe. So let's justify the Obama record with a previous decade of decline? He was elected to make a difference and he ran on that. While no President alone can correct a weak economy, it's quite obvious the man doesn't have a clue on how to stimulate economic growth. Link to comment Share on other sites More sharing options...
Rob's House Posted July 22, 2015 Share Posted July 22, 2015 https://www.yahoo.com/finance/news/report-suggest-us-children-left-053001123.html Twenty-two percent of American children were living in poverty in 2013 compared with 18 percent in 2008, according to the latest Kids Count Data Book, with poverty rates nearly double among African-Americans and American Indians and problems most severe in South and Southwest. Link to comment Share on other sites More sharing options...
Nanker Posted July 22, 2015 Share Posted July 22, 2015 A little thin skinned maybe. So let's justify the Obama record with a previous decade of decline? He was elected to make a difference and he ran on that. While no President alone can correct a weak economy, it's quite obvious the man doesn't have a clue on how to stimulate racial animosity economic growth. Link to comment Share on other sites More sharing options...
B-Man Posted July 22, 2015 Share Posted July 22, 2015 (edited) Economic Notes Did you happen to catch this little detail in yesterday’s news about the old A & P grocery chain filing bankruptcy: More than 90% of A&P’s workers are union members, with 35 different collective-bargaining agreements that A&P said require benefit increases that are unsustainable. A&P said it would try to negotiate immediate changes to the contracts to prevent “catastrophic” results on sales, but otherwise will seek court orders to force the contract changes. Gee: I wonder if those labor agreements have something to do with the chain’s uncompetitive cost structure and declining business prospects. Meanwhile, from our “Don’t Look Now But. . .” file, the Chinese stock market seems to have stabilized after a significant correction that could be confused for a crash. But then there’s this little detail reported yesterday: China may have the world’s second-biggest stock market after the U.S., but at one point during a roller-coaster ride for investors this month only 93 of 2,879 listed companies were freely tradable—about the same number as trade in Oman. On July 9, a day after the market hit bottom, just 3.2% of Chinese-listed companies could be traded normally, according to an analysis by The Wall Street Journal using FactSet data. The rest of the shares on the Shenzhen and Shanghai stock exchanges either were suspended or hit their daily limit. China’s market rules prevent share prices from moving freely once they rise or fall by 10%. When only 3.2 percent of listed shares are trading freely, you don’t have a very healthy market. http://www.powerlineblog.com/archives/2015/07/economic-notes.php Edited July 22, 2015 by B-Man Link to comment Share on other sites More sharing options...
KD in CA Posted July 23, 2015 Share Posted July 23, 2015 Economic Notes Gee: I wonder if those labor agreements have something to do with the chain’s uncompetitive cost structure and declining business prospects. Oh no, it's all because of 'corporate greed'! Link to comment Share on other sites More sharing options...
Tiberius Posted July 24, 2015 Share Posted July 24, 2015 https://www.dailystar.com.lb/Business/International/2015/Jul-24/308019-us-jobless-claims-fall-to-lowest-level-since-1973.ashx Nice, I guess Obamacare isn't the job killer partisan Republicans was saying it was... Link to comment Share on other sites More sharing options...
jjamie12 Posted July 24, 2015 Share Posted July 24, 2015 https://www.dailystar.com.lb/Business/International/2015/Jul-24/308019-us-jobless-claims-fall-to-lowest-level-since-1973.ashx Nice, I guess Obamacare isn't the job killer partisan Republicans was saying it was... Yes. This one number in one week of the year describes the effect of a health insurance law on labor entirely. Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 24, 2015 Share Posted July 24, 2015 https://www.dailystar.com.lb/Business/International/2015/Jul-24/308019-us-jobless-claims-fall-to-lowest-level-since-1973.ashx Nice, I guess Obamacare isn't the job killer partisan Republicans was saying it was... I look forward to next week when that number is adjusted upward to compensate for data that wasn't accounted for in previous countings of the enumerations of this week as it relates to the global temperature fluxuations. Link to comment Share on other sites More sharing options...
Chef Jim Posted July 24, 2015 Share Posted July 24, 2015 https://www.dailystar.com.lb/Business/International/2015/Jul-24/308019-us-jobless-claims-fall-to-lowest-level-since-1973.ashx Nice, I guess Obamacare isn't the job killer partisan Republicans was saying it was... Explain that to a guy Iet yesterday who's health insurance tripled since the ACA came in to effect. He's a small business owner who now employees only himself. Link to comment Share on other sites More sharing options...
keepthefaith Posted July 24, 2015 Share Posted July 24, 2015 https://www.dailystar.com.lb/Business/International/2015/Jul-24/308019-us-jobless-claims-fall-to-lowest-level-since-1973.ashx Nice, I guess Obamacare isn't the job killer partisan Republicans was saying it was... No thinking person can look at how Obamacare is constructed and conclude that it is a well crafted solution for providing health insurance to people. Link to comment Share on other sites More sharing options...
/dev/null Posted July 24, 2015 Author Share Posted July 24, 2015 https://www.dailystar.com.lb/Business/International/2015/Jul-24/308019-us-jobless-claims-fall-to-lowest-level-since-1973.ashx Nice, I guess Obamacare isn't the job killer partisan Republicans was saying it was... So if your numbers are proof that Obamacare is a job creator, how do you explain the labor participation rate at 40ish year lows? Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 24, 2015 Share Posted July 24, 2015 So if your numbers are proof that Obamacare is a job creator, how do you explain the labor participation rate at 40ish year lows? Obfuscation! Right wing circle jerk! Link to comment Share on other sites More sharing options...
Very wide right Posted July 24, 2015 Share Posted July 24, 2015 LABillzFan, not to get you in hot water with my haters but I have to tell you I always enjoy reading your posts.You are definitely a good guy. Link to comment Share on other sites More sharing options...
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