The Truth About the Economy

Yurt said:
so you can't help yourself and stop being a dick....you lack the ability to post six simple points, yet, you have the ability to whine that damo's list is out of context, but, lack the ability to explain how by creating your own list of six points.

it is truly hilarious how you bitch about the fact i can't watch the video and how dumb i am because there are only six points, yet, you can't even explain what those six points are.

you've spent more time bitching about me, insulting, attacking, than you have discussing the thread. with the time you've spent bitching and insulting, you could have explained the six points and we would be discussing politics. think about it.
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You spent this whole post bitching about me, emo-pussy. Go to the library and watch the video if you can't afford high speed internet, or reserve your comments for subjects you are able to see.
 
Return of Dune said:
You spent this whole post bitching about me, emo-pussy. Go to the library and watch the video if you can't afford high speed internet, or reserve your comments for subjects you are able to see.
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waaaaaaaaaaaaaaaaah....i'm a big baby that would rather spend his time attaacking than debating, then turn around and bitch that others attack me

the problem will fixed asshole, it is a security issue, but it is hilarious how stupid you are and assume it is because of my internet speed (12 megs dedicated) that caused the issue. you could have simply po sted the six points instead of bitching and whining like a little sissy boy

there is no problem with commenting on video. unlike you, i don't assume that someone agrees 100% with a video they posted, further, why are you being such a sensitive prick about me asking someone else a question? petty board nazi. don't like it, leave teh board you big crybaby
 
Yurt said:
waaaaaaaaaaaaaaaaah....i'm a big baby that would rather spend his time attaacking than debating, then turn around and bitch that others attack me

the problem will fixed asshole, it is a security issue, but it is hilarious how stupid you are and assume it is because of my internet speed (12 megs dedicated) that caused the issue. you could have simply po sted the six points instead of bitching and whining like a little sissy boy

there is no problem with commenting on video. unlike you, i don't assume that someone agrees 100% with a video they posted, further, why are you being such a sensitive prick about me asking someone else a question? petty board nazi. don't like it, leave teh board you big crybaby
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Are you going to keep bitching about me fagboy or are you going to comment?
 
Return of Dune said:
Are you going to keep bitching about me fagboy or are you going to comment?
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so now, after spending MOST of your time bitching and whining, you now want to comment? did i embarrass you again by showing what an immature petulant sissy boy you are?

i will comment when i can hear the video, can't do so at work. so i have no idea if your version is accurate. given you've been caught in so manyh lies, i will refrain from commenting on your version. so far, two posters have put up the same version, yet oddly, yours is slightly different.

it is unfortunate i had to once again expose your assholery in order for you to actually respond to a thread. FYI....next time, don't be a dick and just engage in politics.
 
Return of Dune said:
Sure it is exactly as they are listed, context comes from the surrounding information, surely you know that.
Briefly, what Damo left out;

2. The superrich now get more than 20%, not 20%. Additonaly, they now own 40% of the wealth of the nation.
4. Public services are being cut at all levels of government. (yesterday, New Hampshire slashed half of higher ed funding for example). Roads, bridges, levies etc. are all being sacrifice. School children are being crowded.
5. This is the one really taken out of context. It is not just union vs. nounion, but public vs. private, and native born vs. imigrant fighting over a few jobs, rather than working together to fight for higher wages.
6. Due to banks not lending, the vast middle class' spending power is greatly diminished, meaning a slower, jobless recovery.

Context is important, Emofreak.
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1) Yes, the economy has doubled since 1980. But keep in mind, the POPULATION also went from just under 230 million to about 310 million. In addition, far more women are in the workforce today than they were in 1980. So it would stand to reason that the wages would remain fairly stable relative to a doubling of the economy.

2) It is a complete exaggeration to state that 'ALL GAINS' (as he stated... not you) went to the super rich. Second, the 'super rich' may be just over 20% but that is hardly taking it out of context. The 'super rich' owning 40% of the wealth is a change from WHAT amount? He conveniently failed to mention that.... and you bitch about US taking things out of context.

3) The tax rate decrease by Reagan INCREASED total revenues to the IRS. Reagan ALSO closed tax deductions and loopholes (you know... if you truly want to take things in 'context' and not simply rely on the DEM talking points Reich spits out). Yes, the cap gains rate is lower due to Clinton and Bush lowering it. Funny... that seems to be a Dem President I just listed.

4) He is 100% full of shit about the revenues being 15% of GDP. While they have been lower than average the last two years (due to the recession), they are still north of 28%. So he is outright LYING... not taking it out of context.... but LYING.

5) Again, it is not taking anything out of context. His POINT was the two parties are pitting the middle class against each other. Listing every possible A vs. B is redundant to his point.

6) The Anemic recovery is not due to banks not lending. It is due to the pathetic policy choices that the administration has been making since taking office. The stimulus did not stimulate, though it did stop the bleeding. The health care fiasco is a large source of uncertainty for companies. The insane levels of spending are also a concern because corporations/banks/individuals ALL know that sooner or later someone has to pay for the fiscal irresponsibility of the two parties in DC.

So if you truly want CONTEXT... perhaps you should actually point out that the video is nothing more than an OUT OF CONTEXT propaganda piece.
 
Superfreak said:
1) Yes, the economy has doubled since 1980. But keep in mind, the POPULATION also went from just under 230 million to about 310 million. In addition, far more women are in the workforce today than they were in 1980. So it would stand to reason that the wages would remain fairly stable relative to a doubling of the economy.

2) It is a complete exaggeration to state that 'ALL GAINS' (as he stated... not you) went to the super rich. Second, the 'super rich' may be just over 20% but that is hardly taking it out of context. The 'super rich' owning 40% of the wealth is a change from WHAT amount? He conveniently failed to mention that.... and you bitch about US taking things out of context.

3) The tax rate decrease by Reagan INCREASED total revenues to the IRS. Reagan ALSO closed tax deductions and loopholes (you know... if you truly want to take things in 'context' and not simply rely on the DEM talking points Reich spits out). Yes, the cap gains rate is lower due to Clinton and Bush lowering it. Funny... that seems to be a Dem President I just listed.

4) He is 100% full of shit about the revenues being 15% of GDP. While they have been lower than average the last two years (due to the recession), they are still north of 28%. So he is outright LYING... not taking it out of context.... but LYING.

5) Again, it is not taking anything out of context. His POINT was the two parties are pitting the middle class against each other. Listing every possible A vs. B is redundant to his point.

6) The Anemic recovery is not due to banks not lending. It is due to the pathetic policy choices that the administration has been making since taking office. The stimulus did not stimulate, though it did stop the bleeding. The health care fiasco is a large source of uncertainty for companies. The insane levels of spending are also a concern because corporations/banks/individuals ALL know that sooner or later someone has to pay for the fiscal irresponsibility of the two parties in DC.

So if you truly want CONTEXT... perhaps you should actually point out that the video is nothing more than an OUT OF CONTEXT propaganda piece.
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Your contextual rant doesn't seem to include any factual, citable evidence that Reich is lying, Freaky. Why is that?
 
Superfreak said:
1) Yes, the economy has doubled since 1980. But keep in mind, the POPULATION also went from just under 230 million to about 310 million. In addition, far more women are in the workforce today than they were in 1980. So it would stand to reason that the wages would remain fairly stable relative to a doubling of the economy.

2) It is a complete exaggeration to state that 'ALL GAINS' (as he stated... not you) went to the super rich. Second, the 'super rich' may be just over 20% but that is hardly taking it out of context. The 'super rich' owning 40% of the wealth is a change from WHAT amount? He conveniently failed to mention that.... and you bitch about US taking things out of context.

3) The tax rate decrease by Reagan INCREASED total revenues to the IRS. Reagan ALSO closed tax deductions and loopholes (you know... if you truly want to take things in 'context' and not simply rely on the DEM talking points Reich spits out). Yes, the cap gains rate is lower due to Clinton and Bush lowering it. Funny... that seems to be a Dem President I just listed.

4) He is 100% full of shit about the revenues being 15% of GDP. While they have been lower than average the last two years (due to the recession), they are still north of 28%. So he is outright LYING... not taking it out of context.... but LYING.

5) Again, it is not taking anything out of context. His POINT was the two parties are pitting the middle class against each other. Listing every possible A vs. B is redundant to his point.

6) The Anemic recovery is not due to banks not lending. It is due to the pathetic policy choices that the administration has been making since taking office. The stimulus did not stimulate, though it did stop the bleeding. The health care fiasco is a large source of uncertainty for companies. The insane levels of spending are also a concern because corporations/banks/individuals ALL know that sooner or later someone has to pay for the fiscal irresponsibility of the two parties in DC.

So if you truly want CONTEXT... perhaps you should actually point out that the video is nothing more than an OUT OF CONTEXT propaganda piece.
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You are so wrong in your belief that banks not lending is not harming the economy. It is almost heart breaking. I watched the credit drought sweep up both coasts of the country like an angry tornado. I have little idea what it did to the interior states but the job loss on the coasts were/are decimating, and in industries responsible for the direct creation of wealth, not in the paracitic industries of banking and insurance.

The rest of your bullshit was bullshit. Damo framed point #5 as union/nonunion, when in fact the situation cuts across all segments of the job economy, not just union/non union labor. The context is needed. Your attempt to portray the six bullet points as conveying the same message without context failed.
 
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Still no evidence that Reich was wrong, I see.

Meanwhile, Boehner the Moaner and Cantor pussed out today.



Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to Medicare and other government programs.


"Let me be clear: Tax hikes are off the table," said House Speaker John Boehner, R-Ohio.


Boehner spoke shortly after the House GOP second-in-command, Majority Leader Eric Cantor, announced he would not attend a planned negotiating session...






http://www.deseretnews.com/article/700146519/Republicans-bail-on-budget-talks-blame-Democrats.html
 
Superfreak said:
1) Yes, the economy has doubled since 1980. But keep in mind, the POPULATION also went from just under 230 million to about 310 million. In addition, far more women are in the workforce today than they were in 1980. So it would stand to reason that the wages would remain fairly stable relative to a doubling of the economy.
.
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This remarkable lie deserves it's own response. Try to keep in mind that the population of owners increased during that time also, in addition to untold increases in productivity
 
Unlike Stuporfreak and his dumber brother Spurt, I have facts from the office of the Comptroller of the Currency's report:





Overall, only 7% of banks reported easing retail loan underwriting standards, while 63% said underwriting was unchanged and 30% tightened standards....

Tightening continued in areas that most impact the average American consumer thanks to continued economic uncertainty.




Loan portfolios that experienced the most tightening in standards over the last year include credit card, home equity, commercial and residential construction and residential real estate loans. ...




http://blogs.wsj.com/economics/2011...sing-lending-standards-but-not-for-consumers/
 
Yurt said:
what is your solution kenneth? to tax the rich and then give the money to the government to create jobs?
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dems-Plan-2011.jpg
 
Return of Dune said:
Ah, but when they have jobs they can afford to spend more. Worked for Henry Ford.
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No, they cannot. We'll use cars for an example Robotics have outsourced many jobs from American factory workers. Therefore those jobs will not return. Even things like self check out. Those exist because they save corporations money. That money saved is what keeps prices low. So is the money saved by sending jobs overseas. You do not want to work on an assembly line for minimum wage. No one else in America does either. So in order to get people into those job, you must raise wages. Which raises COST, which therefore will raise PRICES.
 
Return of Dune said:
Why don't you go ahead and prove me wrong yurt?
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sure would be nice if you would actually engage in that sometime instead of your usual insults....

what is to prove wrong? you made one assertion and the rest was just you being you and proclaiming you're right because you said so. the banks not lending was a problem, but it is not the huge problem you make it out to be. your problem is that you're too sensitive and you think the world revolves around you. you often proclaim you're right just because something happened to you and a few people you know. the banks should have lent more, even if they did, it would not have helped that much with the weak economy. further, many banks couldn't loan anymore. you know, the small town banks that do a good amount of lending in small towns, they were hit hard and they did not all receive the bailouts like the big banks.

at some, in order for the economy to recover, people need to have a realistic understanding of what it means to get a loan, pay the loan back and more importantly the market you're in. all over america numerous real estate "prospectors" (be it builders, buyers) were taking out huge sums of money betting on a never ending rise in real estate prices and the banks, large and small were all to happy to go along with this pipe dream. that pipe dream exploded. you will not see the kind of lending you saw during the real estate boom for a long time, if ever.

that is the reality and you should get used to it. it was that way before the boom and america, by and large, did fine
 
As usual, Conservatatus Retardus bloviates bombastically without any supporting facts whatsoever.






fargle-bargle-harry-on-back_design.png
 
Yurt said:
sure would be nice if you would actually engage in that sometime instead of your usual insults....

what is to prove wrong? you made one assertion and the rest was just you being you and proclaiming you're right because you said so. the banks not lending was a problem, but it is not the huge problem you make it out to be. your problem is that you're too sensitive and you think the world revolves around you. you often proclaim you're right just because something happened to you and a few people you know. the banks should have lent more, even if they did, it would not have helped that much with the weak economy. further, many banks couldn't loan anymore. you know, the small town banks that do a good amount of lending in small towns, they were hit hard and they did not all receive the bailouts like the big banks.

at some, in order for the economy to recover, people need to have a realistic understanding of what it means to get a loan, pay the loan back and more importantly the market you're in. all over america numerous real estate "prospectors" (be it builders, buyers) were taking out huge sums of money betting on a never ending rise in real estate prices and the banks, large and small were all to happy to go along with this pipe dream. that pipe dream exploded. you will not see the kind of lending you saw during the real estate boom for a long time, if ever.

that is the reality and you should get used to it. it was that way before the boom and america, by and large, did fine
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I said prove me wrong, not say I am wrong.
 
Return of Dune said:
I said prove me wrong, not say I am wrong.
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i did prove you wrong only in that you exaggerate the problem and miss the real issue, HOWEVER - DUMBASS - i agreed with you on a certain level....but you're obviously too stupid to understand that. i gave an analysis, backed it up and all you have is your usual weak "i'm right because i say am i right"

you have nothing, you can't even formulate a one paragraph rebuttal to any fact presented. and more than one fact was presented. i have a feeling that since the response was more than two sentences, it was above your head so you decided a smart ass response would cover your low iq.

care to rebut a single thing i said dune? i don't think you can.
 
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