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I thought Bush ran on a foreign policy of no nation-building and fulfilling Reagan's "stars wars" vision. Terrorism and making Iraq the "central front on the war on terror" was an after-thought that took hold only after 9/11 Revisionist history is your idea of honesty? |
'Fraid I must agree with DC here, mate. I was watching Bush very closely during the run-up to 9/11, because I had high hopes for (but little faith in) his campeign promises in regards to education funding, and because I was seriously concerned about his China-baiting. Terrorism only popped onto his radar post-9/11, and it later came out that he completely ignored not only Clinton-era wonks telling him Usama bin Laden might be a problem, but even specific intel from the Mossad about possible dates and targets connected to Arab flight-school students in south Florida. Terrorism was never even discussed by Mr. Bush except to point out that Mr. Gore's tax plan would require hiring "1500 new IRA agents" during a debate.
I remember thinking that I'd much rather deal with the IRA than the IRS. |
I dont usually cite CATO, but Bush funded the Taliban in Afghanistan, just months before 9/11:
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Do you really need me to make the case? Are you saying that Bush on the Iraq issue took you by surprise? Did you not know the people who worked closely with Bush and what their views were? Did you ever listen to him talk about foreign affairs? Quote:
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When a person makes a comment like that what does it mean to you. Chaney was a hawk in terms of US involvement in the ME. You did not know that? {added} I started looking on the internet for some of Bush's comment on Iraq during the 2000 campaign, here is one I found without much effort; Quote:
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When a guy says something like the above, what does it mean to you folks? |
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All of this is irrelevant. The American people were lied to for the reasons we went to war. |
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i wasn't going to post again to this thread as it has devolved onto "feelings" again, as if what matters about the obvious falsifications at the levels of data and interpretation that the bush people in the run-up to the iraq war was not the demonstrable problems with what was done and said, but rather whether you or i or someone else was dispositionally inclined to see these problems as amounting to lying or some such. so that the thread has come to is basically whether you like or do not like the application of the word "lie" to the bush administration--which is really just another way of talking about whether you supported the war in iraq or not.
there's nothing else happening here. to my mind, the demonstrable falsification of data and the incoherences of interpretation made the case for invading iraq false. you can quibble about what label you see as best following from that all you want, but there's no getting around the facts of the matter. |
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Unless you know of a different defiinition to the word "lie" then you were lied to. False information was presented to the American people(including you), for the justification of invading iraq. Whether you "feel" iraq was a bad place or saddam was a bad guy is utterly irrelevant. |
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You feel chafed for being lied to, it's not much different when Bush I did with NO NEW TAXES, Clinton did with IS or SEX, or Obama doing it now with BETTER TRANSPARENCY. I don't. I know the politicians are going to lie. That's part of their job, and it's going to happen again. Intentions are not the same as actions, I'm more interested in judging by actions, not the intentions. His intent was to remove Mr. Heussein from power at any cost, I understood that from the beginning. |
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In some cases a broader view is required. ---------- Post added at 06:25 PM ---------- Previous post was at 06:13 PM ---------- Quote:
"...you mean get him out of there?" I would like to... "he is a danger" "very serious consideration to military action - to stop that activity? Again, when people say stuff like that what does it mean to you? Remeber they said it during the 2000 campaign. And then when they ask Congress for authority to use military force, what does that mean to you? Come on folks??? This is crazy. |
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There has NEVER been a threat from Iraq to the American people...ever. This has been proven. So when someone said that we were in danger from Iraq, they were lieing. Do you really not see reality? Or do you live outside of it in some way? |
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I just live in an imaginary land where I just made all that shit up. I am glad I come here to be brought back to reality. Thanks.:rolleyes: |
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The problem with your line of thinking, and those like you, is that you ignor the facts. You feel that there was some perceived threat against us when it has been proven there wasn't. You feel that he had to have WMD's even though it was proven he didn't. I can't argue with your feelings on this issue because they are irrelevant. I can only argue the facts. And those facts point to us(including you) being presented with false information before the war started. |
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Perhaps a follow up would be: Mod: You say what Clinton was doing with the sanctions, inspections, working through the UN, and stuff is, like, a failure and you want to get "him" out of there, do you mean, like, actually remove him from power? Do you actually mean Saddam? Bush: Yes and Yes. Mod: Ahhh, how would you, like, do that? Bush: After getting Congressional authority to invade Iraq, I will invade Iraq. Mod: Do you, like, actually think Saddam is a threat. Bush: Yes. Mod: But, but, you have not seen the super top secrete intel reports that liberals will say you hid from them, you know the reports showing Saddam is not a threat, has no WMD, is peace loving. Bush: What?!? Mod: So, if you get an opportunity, you are going to invade Iraq and take Saddam out of power. Bush: Yes. Mod: You mean, actually do something that will cause him to no longer be in charge in Iraq? Bush: Yes. How 'bout those Rangers? Mod: You can't be serious, we need to tell every liberal in the world that they are not hearing this right now, and certainly not liberal Congress people who will be for the war before they are against it. La, la, la, la, la... Bush: What?!? Mod: You know, you can't say that you will take him out, then ask Congress to give the O.k., and actually think that they would believe you? and that you would actually, like, take him out. You mean take him out to a ball game or something, right? Bush: What?!? Mod: You know, they have to have a reason to not take their share of the responsibility, along with every liberal in the world. Liberals have to be victims of something. Bush: If Saddam cooperates with the UN mandates and the inspections there won't be a problem. Mod: Wait, wait, wait, you know he is a Middle eastern man, don't you? You, know if he complied he would be embarrassed and that we can't have that - he has to blow smoke. Bush: What?!? Mod: Let's move on... Gore:...then if we don't cut carbon, the world will end by 10/12/2009,... Mod: What?!? |
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My point exactly. You can't argue using verifiable facts and data because they will not support your conclusions. So you in tern make up this little SNL skit which is totally irrelevant. But that's the only language you seem capable of speaking...irrelevancy. |
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Some reports are now saying the recession is over. Hopefully unemployment goes down soon. If unemployment drops to acceptable levels over the next 2 years people will likely view Obama's presidency as a great success (considering the free fall that the economy was in when he took over).
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We have a President who does a pre-game spot for Monday Night Football and does not have a war strategy and has an economy with unemployment near 10%, with many more underemployed or are simply out of the job market and not counted. But the bigger question is related to the job killing philosophy of those in control in Washington. Just as predicted with the increase in the minimum wage, teen unemployment increases.
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That bastard. Next thing you know he'll have cleared brush for half of his term...
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I am not suggesting there are not other factors that can effect employment of unskilled workers, nor am I commenting on "living wages" or other issues related to compensation - but that if you looked at that one issue what is the impact? Raising the minimum wage may very well be worth while for some people, but I wonder if it is possible for liberals to acknowledge that there is another side to the issue and that some people would be negatively impacted. Then I wonder, if you can acknowledge the "trade-offs", why do you side one way on the issue at the expense of the other side. My view on this issue is to give as many people as possible an opportunity to get their "foot in the door", let them get training, experience and an opportunity to climb up the ladder. I think "livable wages" come from true marketable labor skills, and that is the best way to fight poverty. |
in most cases, "unskilled workers" have no capacity to "climb the ladder".
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Are liberals as stupid as they appear to be? Do they really not think things through? Do they not see the consequences of their actions? Why don't they want poor urban kids to get jobs? |
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now do the math: how many minimum wage workers does each McDonald's have compared to asst. managers? it's the myth of upward mobility; in the conservative, pro-business mindset, EVERYONE has the opportunity to move limitlessly upward until they own their own business or become a CEO. it's just not true. your anecdotal evidence doesn't change that |
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But of course, you took it off on a tangent again...as you do with nearly every discussion. |
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McDaonald's has about 30,000 restaurants worldwide. Each restaurant may employee 50 or more people, some part-time Quote:
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This isn't directed toward you, but since you brought up the term "bootstrap" I feel the need to say it. The funny thing about picking yourself up by your own bootstraps is that it's physically impossible. That's right. The metaphor that is used to describe the pursuit of the "American Dream" refers to a physically impossible phenomena. They might as well use the metaphor "Flowing water uphill" or "Violating the second law of thermodynamics." |
how about actually having some ambition instead of just expecting something to be handed to you and rewarded for it being handed to you?
Students Paid to Go to Class and Get Good Grades - TIME |
Is that comment in reference to anything, cyn? Are you accusing me of being an ambitionless French primary school student?
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no i was continuing in the not directed at you and pulling yourself up by the bootstraps, and showing that you don't have too, since we want their healthcare, we'll want their education system too.
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France has higher social mobility than the US, fyi.
And I love the radical relativism of some here. Truth or untruth apparently are not supposed to be based on evidence, but how one "feels" about the world. That certainly makes discussing this useless, right? I mean, how can you argue with "feelings" |
If we want France's healthcare system we must want to stop wearing deodorant and to start making smelly cheese.
---------- Post added at 09:54 AM ---------- Previous post was at 09:51 AM ---------- The point I was trying to make to Ace was this: just because SOME of the minimum wage workers will have a skill set that allows them to be promoted to better paying jobs doesn't mean we shouldn't consider the higher % that don't. Rejecting the idea of a livable minimum wage based on the one guy at each McDonald's who will get a promotion seems (wait for it....wait for it....) elitist to me |
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I am not going to cite any references to these questions because I want you to feel comfortable with the sources of the answers, so I would ask you to do your own research on these two questions: 1) What are the average numbers of hours worked per week for someone at or below the poverty line (about $11K/year)? 2) What percentage of minimum wage workers are primary wage earners in their households? I think if you find the answers from sources you trust, you will come to the conclusion that poverty can not be solved by raising the minimum wage. It can only be solved by getting people working more. The natural conclusion is that raising the minimum wage reduces the number of jobs available and, therefore, hurts those at the lowest income levels. Secondly, an overwhelming majority of minimum wage earners are high school / college kids trying to pay for their cell phones and Jay Z cds. One could question the need to improve their wage at the expense of jobs for people who ~really~ need them. Yes, I know that some high school / college kids really need their jobs. I also know that most of them are above minimum wage because of merit - which should be the basis of all wage levels (in my unpopular opinion). Finally, all Presidents and Congresses raise the minimum wage. It's a popular thing to do around election cycles. They are all to blame, er in your case, they are all to be thanked. :D |
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Second, the concept of a centralized government imposed "livable wage" is a joke. Real wages are based on productivity or "adding value". The best way to help people earn "livable wages" is to make sure they have marketable skills being demanded in the market place. If all we needed was for government to lay down an edict so that everyone makes a "livable wage", why not raise the minimum wage to $20/hr., $30/hr., hell let's make everyone millionaires, and pay 'em $1 million per hour? Do you know why that doesn't work? It is simply inflationary, no value is being added, there is not a comparable increase in productivity. This is why I ask the basic question, do liberals or "do gooders" actually think this stuff through? Another example is Wal-Mart in inner city neighborhoods. I am talking about neighborhoods with high unemployment, and limited shopping choices. In some Chicago neighborhoods for example, it is difficult for people to even buy fresh fruit and vegetables, but the liberals running the city won't let Wal-Mart build. We are talking jobs, low costs for the consumer, taxes, urban renewal, etc. Is it all because of unions? Quote:
With MCD and Wal-Mart we have two very clear examples of how liberals in government are hurting poor urban people and government could very easily work with business rather than against business to create jobs and opportunity, in addition to giving consumers choice, increasing the tax base, promoting urban renewal, and neighborhood pride. ---------- Post added at 03:15 PM ---------- Previous post was at 02:57 PM ---------- Quote:
How does the study define "household"? What happens to these percentages right after an increase, compared to one year later, two years later? For example, if we raised the minimum wage from $7.25 to $10.00, overnight you will have a large percentage of those who made $7.26 or more now making the new minimum. Couldn't that skew the point of the study? The study pointed out Texas, but Texas has no state income tax and uses the federal minimum wage. For example California uses a higher minimum than the Federal and has high state income tax and other tax rates. How does the study account for that? I don't expect any answers, just thinking out loud, so to speak. Thinking and asking questions is a habit with me, again I apologize to those offended by that. |
I'm not a "do gooder". I just don't think people should go to work for 8 hours and walk home with less than $50 (after taxes). Crazy, I know
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also, if you build a Wal Mart in Chicago, how many small businesses will close their doors due to the competition? In other words, what is the net gain for the neighborhood when you consider all the people losing their jobs/businesses ?
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i don't think econ 101 "thinking" lets you consider questions like that derwood.
just saying. |
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wait, thinking? I thought we were "feeling" in this thread? |
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Also of note: reductio ad absurdum and slippery-slope argumentation are now "thinking it through". |
As invalid as the data I posted above may be, the bottom line on minimum wage is whether it is a livable wage. Sure most minimum-wage earners are teenagers and students, but not all of them are. The data here suggests that nearly a third (29%) of minimum-wage earners in Canada are between the ages of 25 and 54. (This is StatsCan data.)
Many of those are not the primary earners, but some of them are. One reason why minimum wages came about was to protect those who had no advocates otherwise: many of these earners are women, some are supporting families (or are at least trying to). The idea today is that a minimum wage should have the potential--at least--to earn a livable wage. One should be able to make a living on minimum wage. Not all minimum wage jobs are transitional jobs. I know raising minimum wages puts pressure on job creation, but wages that are too low (i.e. on the other side of the coin) puts pressure on the economy in other ways. It's about achieving a balance. It's about social improvement. And sometimes the only way you can get a raise is if the government does it for you by raising the minimum wage. Inflation can be a bitch. And before you jump on me by stating, "Raising minimum wages is what causes inflation!" please realize that only 5% of the Canadian workforce earns a minimum wage. And if it is as bad as requiring a raise in minimum wage to get a raise at all, then I don't think changes to minimum wages have as much as an impact as changes to the other kinds of wages...you know, wages that are twice as high or more. |
it's also worth noting that Wal Mart (and many other retailers) are notorious for employing an army of "part time" workers (sometimes defined as 38 1/2 hours per week) to avoid paying anyone benefits. Doesn't exactly help our uninsured problem
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Ah, yes, the minimum-wage full-time part-timer.
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I lived in Chicago for 12 years, and not in a gated mansion in Lincoln Park. I traveled through bad neighborhoods every day to go to work (and had a few jobs IN bad neighborhoods.....nothing like hookers knocking on your window as you wait for someone to come unlock the warehouse).
Either way, your argument has shifted again (shocker). Do the bad neighborhoods needs the Wal Marts because of the jobs or because of the product? Is it okay for Wal Mart to shut down dozens of small businesses because you have deemed them "sub-standard"? |
so now we get the standard neo-liberal line about walmart of all things.
(a) cheap shit is good for poor folk. therefore walmart is a democratizing institution. (b) externalizing costs by reducing the number of full-time employees as far as possible, assuming that folk can work and remain on welfare because the wages are so great and so get access to insurance--that's all good because in neo-liberal land all that matters is profits gathered by shareholders. following uncle milty, to even think about anything else is unethical. so this helps profits. so it is necessarily a social good. (c) that wage levels are not social, that wages simply reflect the relation of abstract workin feller x to employer given in the way a rock is 1---this is too absurd to even bother attacking, once you leave the la-la land of econ 101 and its simple-minded hydraulic relations between supply and demand blah blah blah. (d) predatory location practices, which have been heavily documented with respect to walmart, are all about profit generation and so are, like the above and everything else, a social good. no matter the consequences. profit uber alles. (e) the actual practices used by walmart in enabling the cheap goods never seem to come up in neo-liberal land...the objects magically appear on shelves, aren't produced anywhere, aren't procured using cost-control measures that effectively force suppliers into breaking laws to do with labor & environment..no matter: those people are far away. that walmart uses an incredibly capital intensive inventory tracking system to outsource to the maximum possible extent, which represents a basic economy of scale advantage relative to the smaller business with walmart puts outta business--no matter in neo-liberal land. walmart is given, like a table or a rock. on and on the same nonsense. you can't even start with a social analysis using these ridiculous premises. you can wave your hands around, but that's it. this kind of "thinking" went a long way to pre-ordaining the implosion of neo-liberalism. you'd think even conservatives would be by this nonsense. apparently not. |
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Of course, consumers have to stop being so greedy with their money and be willing to pay $2.00 / roll of TP. Walmart customers are capitalist pigs! :P EDIT: Actually, I shop there twice a year. We buy toys for orphans for Christmas and we buy school supplies/uniforms for them at the beginning of the school year. I can buy for (literally) twice as many kids by going to Walmart. I suspend my boycott on those two occasions because the "good" outweighs the "bad". |
there's no disputing that Walmart is really the worst place ever. I just switched banks because the only close branches were in Walmarts. My stress level triples on the rare occasions I have to go into one
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I apologize for bringing Wal-Mart into the discussion. But let's be clear on the issue, for example, I recently needed a headlight bulb for my motorcycle. My local dealer, small business, sells the bulb for $20, Wal-mart sells it for about $10. I bought the bulb at my dealer because I rode my bike in, shot the breeze with the parts-guy, got some advice on how to change the bulb, drank a cup of coffee, read the stuff on the bulletin board, looked at the new bikes, talked to a few guys about how my bike was running - and I felt good about spending 2 times the money. It all goes back to "value". Small business can compete with the big guys like Wal-Mart - and they do it every day. |
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If it were impossible, nobody would have done it. People have, therefore your statement is false upon it's face (in both senses.)
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It is a metaphor for self reliance based on a physically impossible phenomena. Don't believe me? Try and pick yourself completely up off the ground by pulling up on your shoes.
A more accurate metaphor would also include some sort of support structure, for instance "pull yourself up onto a chair" or "fully utilize the opportunities given to you." Though that second one might be a bit controversial amongst bootstrap proponents since it implicitly recognizes the role other folks play in an individual's success. |
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I think this thread has officially jumped the shark.
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well, i dont think that the thread jumped the shark because filtherton pointed out that one of the central metaphors tossed about by neo-liberal types--the boot-strap bidness---makes no sense. not only is it incoherent in itself, but it's even more so in how it's used: you know, as the cliche that replaces having to actually think about the social world, which enables all that complexity to get collapsed onto individual gumption and other such nonsense. it's of a piece with all the boats floating atop and even playing field and other such meaningless or close-to meaningless bits of 18th century political economy pollyanna-dom.
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Today, the metaphor is used too often: it's used as a means to communicate, "I worked hard to where I am today, and this is why I'm successful." This has trivialized the meaning of the metaphor, which was intended to communicate overcoming the impossible, not overcoming the difficult. Those who fail to "pick themselves up by the bootstraps" aren't all on welfare. Some of them are working multiple minimum-wage jobs (or near minimum). If you think that an individual can have anywhere near total control over their own life, you're overlooking a huge swath of reality. No man is an island, and all that. |
Shark! I say. Shark!
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cimmaron: i don't think anyone is arguing on the terms that you set out above.
all you're arguing is your position and it's reverse. so one either agrees with your position or necessarily thinks the opposite, which of course you get to define. a false binary, they call that. |
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I think what we should realize is that, no, we shouldn't rely on government alone to "fix" social problems, but they are a major participant. Social progress never happened through government alone; it always (or usually) started with "the people." It's not the government's "job" to merely fix things; it's the government's job to serve the people. Most people are more than willing the help themselves if the odds aren't stacked tremendously against them. |
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please cite where any of us have said that ONLY the government can fix (issue X)
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Here is some interesting data in inflation rates over the last few years:
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ADDED: Are insults now allowed? Guess the report post button is about as useless as the mods here, or am I not in the proper clique here to get an insult deleted? Guess I'm allowed to insult people as well? This place and it's cliques are quite amusing, it's worse than fuckin high school here. |
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And if anything, given the constant trade deficits, the dollar is overvalued. |
just because I voted for Obama doesn't mean I believe everything that comes out of his mouth. that's a mighty leap of logic
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Just as a refresher, M1 data, from the past few few months, in billions of dollars: 2008 10 1474.7 2008 11 1523.2 2008 12 1595.3 2009 01 1576·3 2009 02 1559·6 2009 03 1563·3 2009 04 1593.3 2009 05 1597.0 2009 06 1650·0 2009 07 1654.7 2009 08 1649·9 So slightly less than 200 billion dollars were added to the economy. Of course, m1 as indicative of anything has long been out of style, but since you still cling to good old Friedman, at least you should get the data right. |
ok so i was off doing real-life stuff and so wasn't around to monitor the playpen. but how about it folks? enough with the name-calling and enough of the walking up to the line between that and something else so you can piss across it. thanks.
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I hope you're comfortable with this contention, as it's false. You and Ace look like you have something in common |
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so my choices are "government fixes all" or "people fix all"?
that's a bit disingenuous |
EDIT: Some idiots just aren't worth the bother
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And I don't know how you think the world works, but this whole "They haven't had their currency revalued in ages because they are still considered a third world nation" is nonsense. There are no distinctions between "third world nations" and "first world nations," and the central bank of each nation basically determines their exchange regime and a sustainable exchange rate. Some will let it float, some will peg it, but it is still determined in the open market, with none or some central bank intervention. And the UN has absolutely nothing to do with exchange rates, so that is more uninformed foolishness. Finally, I would love to know why you value all these distinctions between m1, m2 and so on and if its anything other than just throwing nonsense out there to see what sticks. In any case, another swing and a miss. M2 has increased by about 120 billion under Obama, so the "trillions" thing is still false. |
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As for "Under Obama..", I am not talking about Obama and never have. I am talking about the federal government. As for the rise in currency, I am talking about since 2001. I will apologize for not qualifying my statements with a date range. I know you guys all get caught up in an Obama vs. Bush thing. I don't differentiate as I find both of their governments overstepped their bounds tremendously. |
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Wow. Just wow. There is no "World Monetary Fund." There is the International Monetary Fund. And while the International Monetary Fund does provide funds to nations in distress to stabilize the economy and the exchange rate (often with disastrous effects), the last time the IMF lent to China it was a standby loan and the deal ended in 1987. And the only way the IMF would be able to force any sort of change in exchange rates would be by enforcing the conditionality of the agreements IF it had lent China anything. In fact, China has been increasing it's purchase of IMF Bonds, and increasing its quota, which means that it has been giving the IMF money, not the other way around. And no, the World Bank does not determine exchange rates one way or another. And you've yet to explain how M2, added over a decade, will lead to hyperinflation. And why m2, not m1 or m3. It is amazing to me how you so stringently defend opinions when it is clear that you have no idea what you are talking about. |
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The crux of your argument, however is correct and I concede it. I did as much reading as I could on the subject and while various reports state an underevaluation between 9.5% and 54%, those calculations vary based on the bias of the researcher and are virtually impossible to calculate accurately. In fact, some believe the renminbi is even overvalued because clearly with an approximate 40% savings rate among Chinese citizens, they can easily afford everything they need with less money than they are paid. The US dollar's current value in comparison to the renminbi is a favorable position for the U.S. Primarily, it allows us to purchase Chinese goods more cheaply as China pays their workers poorly(depending on which research you read) and with "cheap" money. This arrangement allows our lower class to continue to purchase more affordable goods from China. Since most U.S. goods which go to China do not compete directly with Chinese goods, we run little risk of having an unfavorable position if their people choosing the cheaper Chinese product over the more expensive U.S. product. However, your original statement in this thread of thought was that the U.S. dollar is overvalued. I don't understand that assertion. According to what standard? And as an American, why is this a bad thing? Why would you want your money which you get paid to be worth less? I'm not picking a fight, I just don't understand the statement. As for the whole M1,M2,etc - I'll just have to read some more and get back to you. In short, the debt will eventually have to be monetized and the inflation is inevitable. I'll read some more though. (We'll talk about it more later. Perhaps another thread in Economics) |
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As far as the dollar being overvalued, I say that basically because the US has accumulated trade account deficits for a very long time. I.e., for the deficits to disappear the dollar would have to be worth much less. And a currency being overvalued is not good. The idea that the dollar being worth more=good is false. It means that while a dollar buys more, US goods also cost more for the rest of the world, reducing exports and increasing imports. And no, the debt will not have to be monetized. In fact, the Federal Reserve chairman is elected to terms that are independent of the president precisely to give it independence from those matters. |
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Dippin, I love you like a brother, man - you don't HONESTLY believe that the Fed chairman is not influenced by the executive branch, do you? |
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First, the IMF and the World Bank are completely independent from the UN. So whatever powerful force in the UN China has is not directly tied to their power in the World Bank or the IMF. Second, the IMF decision making is very different from the UN. In the UN it is generally one country, one vote. In the IMF, each nation's vote share is determined by their IMF quota (i.e., how much money they make available to the IMF). The United States provides 16.77% of the funding, so it has 16.77% of the vote. Japan provides 6.02% of the money, to it has 6.02% of the vote. China, in contrast, has 3.66% of the vote. So the idea that the IMF is somehow biased towards China, or harming the US in its decisions, is simply false. Furthermore, unless you are talking about "chaos theory" scenarios, where a butterfly flapping it's wings in Asia influences tornadoes in the United States, no, the IMF plays no role direct role in determining the Chinese exchange rate. It would if China needed IMF money, but since it doesn't, the IMF has no power over China. In fact, the standard IMF recommendation for exchange rates, which recently has been to float them, goes against what the Chinese have been doing. Same goes for the World Bank. Third, you have a mistaken notion of what an exchange rate should reflect. The "strength" of a currency is not determined by its numerical value regarding each other, but on it's yearly fluctuations and its impact on the trade account balances. |
Unemployment has gone over 10%. It is becoming increasingly clear that Obama's agenda is going to be tied to the success of the "rich", those who create jobs, those who create profits, those who get richer, those responsible for "trickling" down to the rest of us.
What is Obama going to do to kick start employment growth? Is he going to cut taxes, a supply side solution? Is he going to give businesses "special interest" incentives for employing people, catering to the "special interests" that he said has too much influence in Washington? Is he going to continue to blame it all on Bush? Is he going to think about it, the way he has been thinking about the Afghanistan military strategy? I think he knows he has to take a "supply side" approach to job growth. I just wish he would do it so we can get through this recession sooner and avoid a double dip. |
Does one track recession via jobless rate (which has grown) or by National GDP (which is also up)?
Not a loaded question; I have almost zero knowledge of economics, so I'm curious which is the more accepted methodology |
Unemployment has always been a lagging indicator. That is we enter a recession and 6 months to a year later unemployment goes way up. Once we leave the recession it usually takes 6 months to a year for the jobs to recover.
Also supply side economics is BS. If we cut taxes we would be running even larger deficits and the people who got the tax cuts would just pocket the money. If you want to use tax dollars to create jobs then you need to create the jobs yourself. If we want jobs to recover now then the government needs to create a lot of jobs. But this would require money and that is something many don't approve of. |
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what is the history of cutting taxes to individuals in terms of creating jobs?
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