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Muso
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Joined: 22 Oct 2002
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Location: The Holy city of Honolulu
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 Posted: Wed Feb 20, 2013 6:32 am Post subject: |
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Obama loves the poor so much he's made millions more of them.
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Bones McCracker
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| Posted: Wed Feb 20, 2013 6:58 am Post subject: |
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That's supposed to be funny, but I genuinely believe the Neo-Liberals (populist demagogue left wing authoritarian collectivists) are intentionally dragging out this period of economic hardship because they see it as an opportunity to further their cause. It's no secret that people gravitate toward socialism (i.e. "free shit") when they don't have what they'd like.
Back when this recession hit, economic experts arguing for Tarp and The Stimulus said that if we didn't do it, it could take eight to ten years for the economy to recover. Well, we borrowed the money, and we did it. Now they're saying it's still going to take eight to ten years.
It's like the New Deal all over again. The Democrats said it was to cure the Great Depression, but all it did was prevent recovery until nearly 20 years later. |
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Muso
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| Posted: Wed Feb 20, 2013 7:09 am Post subject: |
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And that is fucking evil.
Point it out, do not get silenced.
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juniper
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| Posted: Wed Feb 20, 2013 11:23 am Post subject: |
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| pjp wrote: | | juniper wrote: | | I don't understand your second paragraph. |
| Quote: | | For about four decades, increases in the minimum wage have consistently fallen behind inflation, so that in real terms the minimum wage is substantially lower than it was in the 1960s. Meanwhile, worker productivity has doubled. Isn’t it time for a raise? |
"worker productivity" != minimum wage worker. |
he's not saying they are equal. He's saying that while productivity has risen, reward at the bottom has not. |
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juniper
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| Posted: Wed Feb 20, 2013 11:27 am Post subject: |
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| BoneKracker wrote: | | Thousands of people were saying such things, and the devastation wrought by our ill-conceived housing policies so far exceeded that caused by Bill Clinton's stock market bubble that comparing the two is indeed like comparing a routine weather front to a "storm of the century" hurricane. No, this is not evidence he "got something right"; it's evidence that he didn't have any idea of the magnitude or real nature of the problem. |
Really? If by thousands you literally mean thousands you are right, and he was one of them. People who put their money where the mouths were clearly weren't. Thousands may have said so, but millions of people didn't, including banks and hedge funds who really think hard about these things. The whole planet lost their shirt in the crisis and a handful of people saw it coming. I say give them credit.
You are acting now as if it was obvious. Hindsight is 20/20. |
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pjp
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| Posted: Wed Feb 20, 2013 11:36 pm Post subject: |
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| juniper wrote: | | he's not saying they are equal. He's saying that while productivity has risen, reward at the bottom has not. |
He's saying because a general increase in productivity has occurred, a specific group deserves a raise, regardless of whether or not they've actually earned it.
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Bones McCracker
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| Posted: Thu Feb 21, 2013 1:39 am Post subject: |
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| juniper wrote: | | BoneKracker wrote: | | Thousands of people were saying such things, and the devastation wrought by our ill-conceived housing policies so far exceeded that caused by Bill Clinton's stock market bubble that comparing the two is indeed like comparing a routine weather front to a "storm of the century" hurricane. No, this is not evidence he "got something right"; it's evidence that he didn't have any idea of the magnitude or real nature of the problem. |
Really? If by thousands you literally mean thousands you are right, and he was one of them. People who put their money where the mouths were clearly weren't. Thousands may have said so, but millions of people didn't, including banks and hedge funds who really think hard about these things. The whole planet lost their shirt in the crisis and a handful of people saw it coming. I say give them credit.
You are acting now as if it was obvious. Hindsight is 20/20. |
He didn't see it coming. He predicted an "economic downturn". We have economic ups and downs all the time. We had just had one in 2001. This was an economic catastrophe of Titanic proportion -- a "storm of the century" -- and he most certainly did not predict that. So stop your quibbling. |
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