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| Somebody call a doctor...I'm dying laughing! (Page 15/40) |
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Toddster
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JUL 09, 01:25 PM
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| quote | | Originally posted by Tugboat:
I never tried to say the market wasn't declining when Bush took office, but it continued to decline badly despite the growing GDP. The Repug led congress sure didn't help in '02, did it?
Yeah, tax cuts for the rich solve everything. Riiight. GL |
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In case you haven't been paying attention the "Rich" (top 10% of all US income earners) pay 60% of ALL US taxes. Just exactly how much more of the burden do you think the top 10% should pay to keep the rest of us safe? BTW, those 10% employ about 60% of the nation's employees too. So reducing their taxes means more jobs. You got a problem with more jobs?
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edhering
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JUL 09, 06:45 PM
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| quote | | Originally posted by fierobear:
Toddster, you can post numbers and proofs until you're fingers hurt from typing, these people will NEVER believe anything different than what they want to. They believe the Democrats are their saviors. Fine. Whatever.
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*sigh* You're right. I don't know why I bothered, either. ed
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edhering
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JUL 09, 06:46 PM
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| quote | | Originally posted by Tugboat: Of course since the market's been in the crapper, people have been investing in houses and other things that build the GDP instead of the market and the GDP figures are inflated.
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...wait a second...you're saying that because the economy sucked, the GDP went UP?  *shakes head* Ed
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84Bill
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JUL 09, 06:48 PM
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| quote | | Originally posted by fierobear:
Toddster, you can post numbers and proofs until you're fingers hurt from typing, these people will NEVER believe anything different than what they want to. They believe the Democrats are their saviors. Fine. Whatever.
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And...
The Republicans send the jobs overseas unchecked along with a few hundredthousand soldiers to be ground up like so much hamburgar meat? Lets see..
Hamburgar meat... Saviors... Hamburgar meat... Saviors... Ok.. I give up.
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Tugboat
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JUL 09, 06:54 PM
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| quote | | Originally posted by edhering:
...wait a second...you're saying that because the economy sucked, the GDP went UP?
*shakes head* Ed |
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There's certainly something that doesn't add up there, a steady rise in GDP while the market crashes and unemployment doubles?? GL
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Tugboat
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JUL 09, 06:59 PM
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| quote | | Originally posted by Toddster: BTW, those 10% employ about 60% of the nation's employees too. So reducing their taxes means more jobs. |
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I don't see any correlation there. Giving the money to lower income groups had always been a more direct stimulus to the economy. GL
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Toddster
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JUL 09, 10:31 PM
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| quote | | Originally posted by Tugboat:
I don't see any correlation there. Giving the money to lower income groups had always been a more direct stimulus to the economy.
GL |
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In the same way that taking "Speed" is a short-term boost to your metabolism. I'd prefer to avoid the train wreck the next day.
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edhering
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JUL 10, 02:02 AM
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| quote | | Originally posted by Tugboat: There's certainly something that doesn't add up there, a steady rise in GDP while the market crashes and unemployment doubles?? GL |
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No, your statement that the GDP was "artificially inflated" while the economy was in the toilet is what doesn't make any sense. It's completely impossible. If the economy is bad, the GDP doesn't grow; if the economy is good, the GDP grows. The GDP growth rate is a primary indicator of how the economy is doing; it's an indicator of value added activity--ie economic activity which generates wealth. You cannot have a growth in GDP when the economy is performing poorly; poor economic performance tends to stop growth, or even to shrink the GDP. And the economy is not doing well if there is no GDP growth, ie no generation of additional wealth. Conversely, when the GDP is growing, there is wealth being generated and the economy is expanding. The GDP growth rate, as I posted above, is set to hit its highest level in 20 years. Unemployment is being reduced to the tune of over 110,000 jobs per month. It's hard to see how unemployment can "double", as you assert, while the US Bureau of Labor Statistics is reporting 110,000+ jobs being created every month. As for a market "crash", where is the Dow-Jones average today? Unless I missed something on the news this evening, it's hovering between 10,000 and 11,000. That does not exactly sound like a "market crash" to me. Ed
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JazzMan
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JUL 10, 02:02 AM
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. [This message has been edited by JazzMan (edited 12-04-2008).]
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88GTNeverfinished
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JUL 10, 02:40 AM
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| quote | | Originally posted by fierobear:
Toddster, you can post numbers and proofs until you're fingers hurt from typing, these people will NEVER believe anything different than what they want to. They believe the Democrats are their saviors. Fine. Whatever.
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Still got that nose crammed way up there. Tell me, did Todd have corn for dinner last night?
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