Tiberius Posted October 3, 2014 Share Posted October 3, 2014 I'll let you dwell on thta for awhile. LOL, I bet you will! Anything that requires you to actually have to explain the dark and cloudy ideas rolling through your brain usually leads you to such a response Link to comment Share on other sites More sharing options...
B-Man Posted October 3, 2014 Share Posted October 3, 2014 On the Special Report with Bret Baier last night, George Will commented on Obama’s speech (video at link): The president went to the state of Illinois to brag about the economy. Illinois has 300,000 fewer jobs than it had in 2008. For the last four years in the state of Illinois, the number of new food stamp recipients has increased twice as fast as the number of new job recipients. He was speaking in Illinois on a college campus. He did not mention that 40 percent of recent college graduates are either unemployed or underemployed — that is, in jobs that don’t require college degrees — and one in three recent college graduates is living at home with their parents. Now, the president, we just heard, disparage trickle-down economics while bragging about doubling the stock market value. He is practicing trickle-down economics by doubling the stock market. He, and, for six years now, and most recently under his choice to be head of the Fed, Janet Yellen, have had zero interest rates, the intended effect of which is to drive people out of bonds and into assets like farm land, but particularly into stocks. That is why this has been a boon to the 10 percent of Americans who own 80 percent of all the directly owned stocks. And this is why 95 percent of the wealth created in the last six years have gone to the dreaded top one percent. http://www.powerlineblog.com/archives/2014/10/wills-useful-reminder.php Link to comment Share on other sites More sharing options...
Chef Jim Posted October 3, 2014 Share Posted October 3, 2014 LOL, I bet you will! Anything that requires you to actually have to explain the dark and cloudy ideas rolling through your brain usually leads you to such a response Ok here goes. I know it's very difficult to follow but I'll type slowly. Ready? You give someone **** for posting bad economic reports in this thread and saying what does it have to do with Obama while you post about good economic reports in the same thread. There.....was that so hard? Link to comment Share on other sites More sharing options...
TPS Posted October 3, 2014 Share Posted October 3, 2014 So we're rebranding businesses paying down debt and stockpiling cash reserves rather than investing it because of an uncertain and unpredicatable business climate as a good thing now? It puts them into an excellent position to expand as the economy grows, though I am leery about the underlying strength... Link to comment Share on other sites More sharing options...
Tiberius Posted October 3, 2014 Share Posted October 3, 2014 Ok here goes. I know it's very difficult to follow but I'll type slowly. Ready? You give someone **** for posting bad economic reports in this thread and saying what does it have to do with Obama while you post about good economic reports in the same thread. There.....was that so hard? You are asking me if it was hard for you to post something? Wow! And I was commenting on Obama's critics any, moron Link to comment Share on other sites More sharing options...
/dev/null Posted October 3, 2014 Author Share Posted October 3, 2014 Federal Reserve has a bit of a dilemma on their hands. The Fed just hit their mandate of <6% Unemployment and <2% Inflation So do they start raising interest rates or admit the Unemployment and Inflation books are cooked while they prop up the Potemkin Economy Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted October 3, 2014 Share Posted October 3, 2014 It puts them into an excellent position to expand as the economy grows ...<snip>... Why, this sounds almost Austrian. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 3, 2014 Share Posted October 3, 2014 And I was commenting on Obama's critics any, moron I know. Link to comment Share on other sites More sharing options...
TPS Posted October 3, 2014 Share Posted October 3, 2014 Why, this sounds almost Austrian. No, it's very post keynesian a la minsky. Link to comment Share on other sites More sharing options...
KD in CA Posted October 3, 2014 Share Posted October 3, 2014 Federal Reserve has a bit of a dilemma on their hands. The Fed just hit their mandate of <6% Unemployment and <2% Inflation So do they start raising interest rates or admit the Unemployment and Inflation books are cooked while they prop up the Potemkin Economy The government making that claim is beyond comical. Link to comment Share on other sites More sharing options...
TPS Posted October 3, 2014 Share Posted October 3, 2014 Of course, five years ago that was called "hoarding" and was a bad thing. The fact that corps are generating significant CF to be able to "hoard" is not a bad thing... Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted October 3, 2014 Share Posted October 3, 2014 No, it's very post keynesian a la minsky. I hate to burst your Hyman (groan), but that wasn't origional to Minsky. That was borrowed from Rothbard. Link to comment Share on other sites More sharing options...
TPS Posted October 3, 2014 Share Posted October 3, 2014 I hate to burst your Hyman (groan), but that wasn't origional to Minsky. That was borrowed from Rothbard. Sorry, HM got it from Keynes and Fisher. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted October 3, 2014 Share Posted October 3, 2014 Sorry, HM got it from Keynes and Fisher. You're crediting Keynes and Fisher with one of the central Austrian arguments? Link to comment Share on other sites More sharing options...
Doc Posted October 3, 2014 Share Posted October 3, 2014 Is that Obama's fault? Barry says "no." Link to comment Share on other sites More sharing options...
DC Tom Posted October 3, 2014 Share Posted October 3, 2014 The fact that corps are generating significant CF to be able to "hoard" is not a bad thing... Six years ago it was. Is that Obama's fault? Of course not. Nothing ever is. He was misinformed by his advisors. Congress was obstructionist. He didn't build that. The first he heard about it was on the news. An old friend came in from out of town. There was an earthquake! A terrible flood! Locusts! IT'S NOT HIS FAULT, I SWEAR TO GOD!!!!! Link to comment Share on other sites More sharing options...
/dev/null Posted October 4, 2014 Author Share Posted October 4, 2014 Of course not. Nothing ever is. He was misinformed by his advisors. Congress was obstructionist. He didn't build that. The first he heard about it was on the news. An old friend came in from out of town. There was an earthquake! A terrible flood! Locusts! IT'S NOT HIS FAULT, I SWEAR TO GOD!!!!! Hey, it's not Obama's fault that he lacked the Intelligence.... Link to comment Share on other sites More sharing options...
Nanker Posted October 4, 2014 Share Posted October 4, 2014 Hey, it's not Obama's fault that he lacked the Intelligence.... or that he took full advantage of a system that propped him up his entire life and continues to do so at each and every turn. What's funny is that he despises America and the wealthy, yet he's become wealthy beyond his dreams and continues to bite the teat that nourishes him. Link to comment Share on other sites More sharing options...
B-Man Posted October 4, 2014 Share Posted October 4, 2014 “The number of women in the workforce has fallen to levels not seen in nearly 30 years.” War on Women ? ? . Link to comment Share on other sites More sharing options...
Koko78 Posted October 4, 2014 Share Posted October 4, 2014 “The number of women in the workforce has fallen to levels not seen in nearly 30 years.” War on Women ? ? Romney has a horse. Link to comment Share on other sites More sharing options...
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