Reagan/Bush the Elder left behind a stinking recession for Clinton.
Bush the Dumber left behind the subprime mortgage recession for Obama.
Trump left behind the Tax Cut recession for Biden.
50 years of failed eco predictions
- Thread starter tsuke
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Reagan/Bush the Elder left behind a stinking recession for Clinton.
Bush the Dumber left behind the subprime mortgage recession for Obama.
Trump left behind the Tax Cut recession for Biden.
Monad Portal
Was it me?
multiple bank bailouts do kind of indicate that capitalism as configured isn't doing well either.
be honest.
No, what I said was that every business is chartered by the state, and that for most all businesses, you start out borrowing money.
Into the Night
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Into the Night
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Into the Night
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Not a tall anecdote. I actually had only three computers break. One got shot, one fell out of the sky, and one go hit by lightning.
Unless you want to count the cell phone that got run over by the car, the one that is at the bottom of Lake Washington, and one that washed out to sea (my daughter was terrible with cell phones!).
Right, and who created and developed the first computers? Government. Mostly, the defense industry.
OK, but you're jumping over 50 years of history to get to the personal computer, which isn't a new computer, it's just an improvement on a computer that already existed.
And what prompted those inventions? Was it demand? Was it demand for a faster mode of transportation that led to the invention of the automobile? Was it demand for better communication that led to the invention of the transistor?
Yes.
So was the demand already present before the supply was created? YES!
I should start charging you tuition because I'm basically teaching you Econ 101.
No, they didn't appear out of thin air...there was a demand for them first, and then innovations to meet that demand.
That's how supply and demand works, my dude.
Into the Night
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Now you agree with me? I already mentioned this!
Prove it.
Into the Night
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Nope. Government does not create a single private sector job.
Welfare doesn't work. It doesn't cause any store to hire any employee.
Nope. It's welfare. Get a life. Get a job.
OK, but 80 years ago, the government and IBM worked together to develop computers, outside the private sector for military (and eventually space) use.
Didn't say they did...just that they contracted with the government to develop what would eventually become what we think of computers today.
It all started with those punch-cards.
But you don't know this history, so all of this is new to you.
Wait, was it thin air or was it hard work? Because thin air would imply that there wasn't any hard work since it just...appeared.
Is English your first language?
Supply-side theory sucks and we can just look at all the natural gas companies that failed last decade to see the results of your economic theory.
You seem really confused, which is understandable because you've never been taught economics before.
All you've done is glean what you can from other stupid posters on JPP.
There is no paradox in my argument, but there is a paradox in yours...you think flooding supply will increase demand, but that is backwards...flooding supply only has the effect of devaluing the product.
That's why over 200 natural gas companies went bankrupt in just five years...they extracted so much gas that its value was diminished and they couldn't sell enough of it to make their margins.
It's a perpetually losing game to keep increasing supply, while hoping demand reaches it.
Eventually, yes, no one will buy natural gas because it's not cost-efficient to extract it and sell it because you already flooded the market with it, and devalued the commodity.
It's no wonder most Conservative businesses fail, based on your stupid posts.
And anyone investing in natural gas and/or shale right now is really fucking stupid, and deserves to be parted with their money.
Chesapeake joins more than 200 other bankrupt U.S. shale producers
https://www.worldoil.com/news/2020/...re-than-200-other-bankrupt-us-shale-producers
No...more and more homes now are being constructed with electric heat.
Natural gas is unprofitable, which is why 200 shale/nat gas companies have gone bankrupt since 2015.
LMAO!
You're the one who wants to run your business into the ground by increasing supply and assuming that demand will just rise to meet it.
I know hoarding wealth isn't good for the economy...why do you think our economy hasn't done that great since the 90's? Because of the wealth concentration at the top.
I don't believe that you have a business.
I think you're lying about it to try and lend yourself credibility in a debate where you clearly have none.
You have a business, you say? OK. FUCKIN' PROVE IT.
This is gibberish.
No it didn't...it plunged manufacturing into a recession in 2019, then plunged the rest of the economy into a recession in February 2020.
It also depressed business investment, which dropped to its lowest level in over a decade after the tax cut took effect.
And for that shit effort, Trump didn't even get 3% annual GDP growth, despite you, him, and every Conservative promising that.
Trump couldn't even beat Obama's best year for GDP growth, he couldn't even top Obama's best year for job growth.
LMAO.
I want to make more money and pay some to the government so I don't have to pay more of it to an insurance company.