Posted by bad_luck on 3/4/2013 3:10:00 PM (view original):

Posted by tecwrg on 3/4/2013 3:08:00 PM (view original):

Posted by bad_luck on 3/4/2013 12:18:00 PM (view original):
That is exactly what caused the recession.

People stopped spending. What do you think caused the recession?

This is what you worded poorly.

So would you say that the economy is good right now or is it still shaky?

What does that question have to do with what caused the recession?

Posted by bad_luck on 3/4/2013 3:11:00 PM (view original):

Posted by MikeT23 on 3/4/2013 3:10:00 PM (view original):

Posted by bad_luck on 3/4/2013 2:59:00 PM (view original):
I know you don't understand this stuff, mike, so I'll try to be clear. But don't blame me if you don't understand it again.

Our economy is slow.
The fed govt is running a deficit.
The fed govt is paying $85 for a $4 hammer. That's wasteful. That money could and should be put to use in a better way and it would be better if they bought one $4 hammer and put the rest towards infrastructure or medicare or defense.
But if the alternative to buying that $85 hammer is that they don't spend the $85 dollars at all, it's better if they buy the hammer.

Since the "solution" is to spend, why doesn't the govt lease all vacant buildings?

Or give businesses 10% of last year's revenue for further investment?

Or simply write each American a 10K check for spending?

Surely all of the above is a better solution than overpaying for a hammer, right?

All of those things are stimulative. None are viable.

Yet overpaying for a hammer is viable?

Perhaps, by paying the market price for a hammer, the govt could do something more constructive, maybe a variation of the listed things, with the excess money.

Posted by tecwrg on 3/4/2013 3:14:00 PM (view original):

Posted by bad_luck on 3/4/2013 3:10:00 PM (view original):

Posted by tecwrg on 3/4/2013 3:08:00 PM (view original):

Posted by bad_luck on 3/4/2013 12:18:00 PM (view original):
That is exactly what caused the recession.

People stopped spending. What do you think caused the recession?

This is what you worded poorly.

So would you say that the economy is good right now or is it still shaky?

What does that question have to do with what caused the recession?

Humor me.

Posted by MikeT23 on 3/4/2013 3:15:00 PM (view original):

Posted by bad_luck on 3/4/2013 3:11:00 PM (view original):

Posted by MikeT23 on 3/4/2013 3:10:00 PM (view original):

Posted by bad_luck on 3/4/2013 2:59:00 PM (view original):
I know you don't understand this stuff, mike, so I'll try to be clear. But don't blame me if you don't understand it again.

Our economy is slow.
The fed govt is running a deficit.
The fed govt is paying $85 for a $4 hammer. That's wasteful. That money could and should be put to use in a better way and it would be better if they bought one $4 hammer and put the rest towards infrastructure or medicare or defense.
But if the alternative to buying that $85 hammer is that they don't spend the $85 dollars at all, it's better if they buy the hammer.

Since the "solution" is to spend, why doesn't the govt lease all vacant buildings?

Or give businesses 10% of last year's revenue for further investment?

Or simply write each American a 10K check for spending?

Surely all of the above is a better solution than overpaying for a hammer, right?

All of those things are stimulative. None are viable.

Yet overpaying for a hammer is viable?

Perhaps, by paying the market price for a hammer, the govt could do something more constructive, maybe a variation of the listed things, with the excess money.

1) How many hammers do you think the government is buying?

2) Yeah. I've said that. Several times.

Posted by bad_luck on 3/4/2013 3:15:00 PM (view original):

Posted by tecwrg on 3/4/2013 3:14:00 PM (view original):

Posted by bad_luck on 3/4/2013 3:10:00 PM (view original):

Posted by tecwrg on 3/4/2013 3:08:00 PM (view original):

Posted by bad_luck on 3/4/2013 12:18:00 PM (view original):
That is exactly what caused the recession.

People stopped spending. What do you think caused the recession?

This is what you worded poorly.

So would you say that the economy is good right now or is it still shaky?

What does that question have to do with what caused the recession?

Humor me.

No.  You're trying to divert attemtion from this statement:

"People stopped spending. What do you think caused the recession?"

I'm trying to understand if you're now backing off that.

I stand by it. Yes the real estate bubble is what caused people to stop spending. But the lack of spending is why the economy was/is slow.

You're getting caught up in semantics of what exactly caused the recession. It doesn't matter what caused it, the problem with the economy is the lack of demand.

Posted by bad_luck on 3/4/2013 3:16:00 PM (view original):

Posted by MikeT23 on 3/4/2013 3:15:00 PM (view original):

Posted by bad_luck on 3/4/2013 3:11:00 PM (view original):

Posted by MikeT23 on 3/4/2013 3:10:00 PM (view original):

Posted by bad_luck on 3/4/2013 2:59:00 PM (view original):
I know you don't understand this stuff, mike, so I'll try to be clear. But don't blame me if you don't understand it again.

Our economy is slow.
The fed govt is running a deficit.
The fed govt is paying $85 for a $4 hammer. That's wasteful. That money could and should be put to use in a better way and it would be better if they bought one $4 hammer and put the rest towards infrastructure or medicare or defense.
But if the alternative to buying that $85 hammer is that they don't spend the $85 dollars at all, it's better if they buy the hammer.

Since the "solution" is to spend, why doesn't the govt lease all vacant buildings?

Or give businesses 10% of last year's revenue for further investment?

Or simply write each American a 10K check for spending?

Surely all of the above is a better solution than overpaying for a hammer, right?

All of those things are stimulative. None are viable.

Yet overpaying for a hammer is viable?

Perhaps, by paying the market price for a hammer, the govt could do something more constructive, maybe a variation of the listed things, with the excess money.

1) How many hammers do you think the government is buying?

2) Yeah. I've said that. Several times.

1.  No idea.  That was just the example used for wasteful govt spending.   Which you said was a good thing.

2.  So, if he govt could, and should, do something more constructive than overpaying for items, why is overpaying for items a good thing?

Posted by bad_luck on 3/4/2013 3:21:00 PM (view original):
You're getting caught up in semantics of what exactly caused the recession. It doesn't matter what caused it, the problem with the economy is the lack of demand.

That is correct.

The point you seem to have been missing for the past three hours or so is that you showed a very fundamental lack of understanding of what caused the recession.  You basically said "people stopped spending, and that caused the economy to crash",  Missing out on a very basic understanding of how we got here hurts your credibility in anything else you say about the economy.

It looks like you're now trying to back away from that in such a way without actually admitting your statement was fundamentally incorrect.

Posted by tecwrg on 3/4/2013 3:34:00 PM (view original):

Posted by bad_luck on 3/4/2013 3:21:00 PM (view original):
You're getting caught up in semantics of what exactly caused the recession. It doesn't matter what caused it, the problem with the economy is the lack of demand.

That is correct.

The point you seem to have been missing for the past three hours or so is that you showed a very fundamental lack of understanding of what caused the recession.  You basically said "people stopped spending, and that caused the economy to crash",  Missing out on a very basic understanding of how we got here hurts your credibility in anything else you say about the economy.

It looks like you're now trying to back away from that in such a way without actually admitting your statement was fundamentally incorrect.

When I say something like "lack of demand caused the recession," do I have to explain the entire back story of what caused the lack of demand or are you an adult who knows how to read. I assumed you knew what caused the lack of demand.

My bad.

Anyway, unlike some people, I know there comes a time to end a "point".   While I stepped all over my dick Friday, my point was simple.   We, generally speaking, accept what our govt does because of the way they wrap the package.   They feed us rhetoric, use unassuming terminology and generally mislead the public.   Your "overpaying is better than nothing" view only perpetuates our do nothing govt.  If we, generally speaking again, don't demand better, we won't get better.   And "Well, it's better than nothing" isn't demanding anything.

Posted by MikeT23 on 3/4/2013 3:40:00 PM (view original):
Anyway, unlike some people, I know there comes a time to end a "point".   While I stepped all over my dick Friday, my point was simple.   We, generally speaking, accept what our govt does because of the way they wrap the package.   They feed us rhetoric, use unassuming terminology and generally mislead the public.   Your "overpaying is better than nothing" view only perpetuates our do nothing govt.  If we, generally speaking again, don't demand better, we won't get better.   And "Well, it's better than nothing" isn't demanding anything.

You shouldn't be demanding anything, since you have no idea what you are talking about.

Posted by bad_luck on 3/4/2013 3:44:00 PM (view original):

Posted by MikeT23 on 3/4/2013 3:40:00 PM (view original):
Anyway, unlike some people, I know there comes a time to end a "point".   While I stepped all over my dick Friday, my point was simple.   We, generally speaking, accept what our govt does because of the way they wrap the package.   They feed us rhetoric, use unassuming terminology and generally mislead the public.   Your "overpaying is better than nothing" view only perpetuates our do nothing govt.  If we, generally speaking again, don't demand better, we won't get better.   And "Well, it's better than nothing" isn't demanding anything.

You shouldn't be demanding anything, since you have no idea what you are talking about.

Who the **** are you to tell anyone what they can demand from our government?

And you never did tell me if you made up a son.   If there is a God, that was a lie.

Posted by MikeT23 on 3/4/2013 3:46:00 PM (view original):

Posted by bad_luck on 3/4/2013 3:44:00 PM (view original):

Posted by MikeT23 on 3/4/2013 3:40:00 PM (view original):
Anyway, unlike some people, I know there comes a time to end a "point".   While I stepped all over my dick Friday, my point was simple.   We, generally speaking, accept what our govt does because of the way they wrap the package.   They feed us rhetoric, use unassuming terminology and generally mislead the public.   Your "overpaying is better than nothing" view only perpetuates our do nothing govt.  If we, generally speaking again, don't demand better, we won't get better.   And "Well, it's better than nothing" isn't demanding anything.

You shouldn't be demanding anything, since you have no idea what you are talking about.

Who the **** are you to tell anyone what they can demand from our government?

And you never did tell me if you made up a son.   If there is a God, that was a lie.

Not a lie.