What TARP money for jobs???

Dixie said:
Ah... I see the problem here! We are talking about two DIFFERENT things! AMERICAN net worth did not increase, in fact it decreased...

The federal government's debt increased 20.6% in the third quarter, according to the report, the fifth double-digit increase in a row. The increase in part reflects higher spending by Washington to counter the financial meltdown and the ensuing severe recession.

What you are talking about is collective "household net worth" and that is completely different from "American" (signifying the government) net worth! Now there are a LOT of reasons household net worth rose... people filed bankruptcies and foreclosures came off the books... bad debts written off... etc. It's damn sure not because people are financially better off than a year ago!
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Well, it really depends on your definition of "is."

Wow; what a waste of time you are.
 
Onceler said:
Well, it really depends on your definition of "is."

Wow; what a waste of time you are.
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the funny part is that he claims other people 'read into what he writes'....

Yet... you were discussing the economy and said 'our net worth increased by $2.7 trillion in the last quarter'.... then HE flies off the handle and pretends you were talking about "American" net worth (which to him apparently means Government). Then he posts the national debt number and pretends that is our Net Worth. Then he cries when I yet again am forced to correct his idiocy.
 
Superfreak said:
the funny part is that he claims other people 'read into what he writes'....

Yet... you were discussing the economy and said 'our net worth increased by $2.7 trillion in the last quarter'.... then HE flies off the handle and pretends you were talking about "American" net worth (which to him apparently means Government). Then he posts the national debt number and pretends that is our Net Worth. Then he cries when I yet again am forced to correct his idiocy.
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He's making it hard to root for 'Bama in the title game.

But I have to, unfortunately...
 
Superfreak said:
the funny part is that he claims other people 'read into what he writes'....

Yet... you were discussing the economy and said 'our net worth increased by $2.7 trillion in the last quarter'.... then HE flies off the handle and pretends you were talking about "American" net worth (which to him apparently means Government). Then he posts the national debt number and pretends that is our Net Worth. Then he cries when I yet again am forced to correct his idiocy.
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No, the funny part is, you apparently have some reading comprehension problem, where you see Onzies posting something other than what I claimed. When I look at his post, this is what I see...

Onceler said:
Pretty sad, Dix. American net worth INCREASED $2.7 trillion in the last quarter.
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Hmm.... so you read that, and you think I mistakenly said he stated "American" net worth, huh?

Again, you've not corrected anyone here! You can be a pampas arrogant ass about it, but you've not "corrected" me on a goddamn thing. But go ahead and beat your chest and revel in your praise from Onzies! Go ahead and just MAKE SHIT UP that I never said, and pretend you've "corrected" me, because God knows you are a pathetic miserable little man who needs some form of self-gratification, and this is as good as any!
 
Dixie said:
No, the funny part is, you apparently have some reading comprehension problem, where you see Onzies posting something other than what I claimed. When I look at his post, this is what I see...



Hmm.... so you read that, and you think I mistakenly said he stated "American" net worth, huh?

Again, you've not corrected anyone here! You can be a pampas arrogant ass about it, but you've not "corrected" me on a goddamn thing. But go ahead and beat your chest and revel in your praise from Onzies! Go ahead and just MAKE SHIT UP that I never said, and pretend you've "corrected" me, because God knows you are a pathetic miserable little man who needs some form of self-gratification, and this is as good as any!
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So ditzie... AGAIN...

DID YOU OR DID YOU NOT STATE THAT OUR NET WORTH WAS -$12 trillion?????
 
What's even more interesting here is that "Mr. Economy" was making all sorts of conclusive judgments about where we are at today without even having the slightest clue about the $2.7 trillion net worth increase that was widely reported in the news for Q3....
 
Dixie said:
I don't even know what the fuck you are talking about, moron! Our NET worth is NEGATIVE $12 TRILLION!
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At the time of this OUTBURST ditzie... He had not mentioned 'American' Net worth.

That said, we people discuss American net worth... they are not typically talking about the government. They are talking about the populace. Because I seriously doubt many people have added up the ASSETS of the country.

They are generally referring to the impact of the moves in the markets.

Now please... do go on telling us about our -$12 trillion net worth.
 
Onceler said:
What's even more interesting here is that "Mr. Economy" was making all sorts of conclusive judgments about where we are at today without even having the slightest clue about the $2.7 trillion net worth increase that was widely reported in the news for Q3....
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It's because "household net worth" is a meaningless number! It is not an indicator of a reviving economy, it is not an indicator of economic growth or prosperity, and it has nothing to do with the massive national debt we continue to incur at an alarming rate. It has much more to do with how many people filed bankruptcy last quarter, and subsequently, no longer have that debt to count against their household net worth. With the TARP and bailouts, we probably wrote off nearly that much in bad debt, which would have increased the net worth because the debt is no longer counted!
 
Dixie said:
Our national debt is $12 trillion... until you can reconcile that, I would say it is clear our net worth is -$12 trillion! Do you have some other formula?
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Good boy ditzie... you got the first portion of that correct. Our national debt IS indeed $12 trillion.

:good4u::good4u::good4u::good4u::good4u:

Now ditzie... WHAT is the formula for calculating NET WORTH?

NET WORTH does NOT equal DEBT.

Net Worth = Total ASSETS - Total Liabilities

So the only way the NET WORTH of this country is equal to its debt is if the country has ZERO ASSETS.

Are you suggesting the country has no assets ditzie? Because I know you don't want me 'putting words in your mouth'.... so tell us... which is it...

ARE YOU...

1) Telling us our countries assets equal ZERO?

OR

2) Were you wrong to state our Net Worth was equal to our debt????
 
Dixie said:
It's because "household net worth" is a meaningless number!
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This is mind-boggling.

Dix - it isn't meaningless just because you say it is, or because you want to believe it is. It may not be as vital an indicator as some, but it's not negligible, particularly in the context of what we were discussing (you know - how we'll never re-coup the costs of the stimulus)...
 
Superfreak said:
At the time of this OUTBURST ditzie... He had not mentioned 'American' Net worth.

That said, we people discuss American net worth... they are not typically talking about the government. They are talking about the populace. Because I seriously doubt many people have added up the ASSETS of the country.

They are generally referring to the impact of the moves in the markets.

Now please... do go on telling us about our -$12 trillion net worth.
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Here is what he said originally...

Dixie: "The next problem is... how long can a broke country manage to spend money it doesn't have, trying to stimulate economic growth by spending $10 million to obtain $1 million in consumer spending? My guess is, not long... and you will never generate enough economic growth to make up for the cost of the program."

The economy lost more than all of the bailouts & stimulus combined in just 4 months, between October, 2008 & February.

Net worth alone increased $2.7 trillion in the last quarter.

You're not very good at math.
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Now since I was talking about, and he was responding to, "how long can a broke country" do something... and the economy, bailouts, and stimulus for the nation... I presumed we were talking about the national net worth. He did not indicate, but in context of the conversation, it appears he meant our NATIONAL net worth increased, not household net worth. If this was a grammatical error on his part, he had the opportunity to clarify on subsequent posts, and he indicated he was talking about "American" net worth. Again, I presume, since we are discussing national economy, federal programs, government policies... we are talking about the National net worth... which is currently -$12 trillion.
 
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