Say goodbye to....

[Lorn]

Re: Say goodbye to....

He runs it?

[thesightless]

Re: Say goodbye to....

yes, the president is ultimetly responsible for the economy, through various policies i will not even touch right now. go ask someone else (no offense, im just lazy)

[toasty]

Re: Say goodbye to....

He runs it?

yeah, that was news to me, too. I don't give Bush credit for the current state of the economy any more than I give Clinton credit for the booming economy during his presidency.

[Lorn]

Re: Say goodbye to....

yes, the president is ultimetly responsible for the economy, through various policies i will not even touch right now. go ask someone else (no offense, im just lazy)

Give me a break.

[rubyraks]

Re: Say goodbye to....

no, be fair, he runs a damn great economy.

You know you could keep repeating that and I'll keep saying the same damn thing. Great macroeconomy, but shitty microeconomy. Nominally the numbers look great, but when you start breaking them down and seeing such a horrible distribution of wealth (and one that has gotten progressively worse over the last 20 years as opposed to the 30 years before then), while the amount of people living in poverty is growing exponentially and at the same time destroying the middle class, you could take that f%&ing economy and shove it up your ass!

An economy that only makes the rich richer and the poor poorer is not what a first world economy should be about...that's what we typically call a third world economy (aka in PC language...a developing market ). Take your economic smoke screen elsewhere and keep fooling the masses. They may believe your words, but I actually look at what's hiding behind them.

[thesightless]

Re: Say goodbye to....

ok first off, i dont deny he is an asshat. and ben, you clearly know where i stand in regards to most of it. but you cant deny that our economic and employment situation are great.

and the righ get richer idea is true, but half the point, the median income has risen consistently, investment is up, and spending is up. across the board.

even the lowest levels of income are up.

go check out the CPI info. the poorer arent getting poorer, they are incrementally increasing their wealth as well . to say that the population of poor people is growing would be true, but overall, thier median income is growing. stop telling me they are getting poorer, you're flat out wrong on that.

[thesightless]

Re: Say goodbye to....

http://www.bls.gov/cpi/

[rubyraks]

Re: Say goodbye to....

ok first off, i dont deny he is an asshat. and ben, you clearly know where i stand in regards to most of it. but you cant deny that our economic and employment situation are great.

and the righ get richer idea is true, but half the point, the median income has risen consistently, investment is up, and spending is up. across the board.

even the lowest levels of income are up.

go check out the CPI info. the poorer arent getting poorer, they are incrementally increasing their wealth as well . to say that the population of poor people is growing would be true, but overall, thier median income is growing. stop telling me they are getting poorer, you're flat out wrong on that.

First, I'd like to point out one of the first lessons I ever learned in statistics class way back when and that is that you could find statistics to prove whatever you'd like them to prove, you just need to know how to phrase the question and where to look.

But aside from statistical manipulation...I've looked at some more info (http://www.census.gov/prod/2006pubs/p60-231.pdf) on the subject and I'll correct myself. You're right, this past year the numbers look better, but only slightly and this is all after 6 successive years of constant declines in the median income and constant growth in poverty and I don't even think you could deny that. So one year, I'll give you. But I still firmly believe that Bush and the Republicans concept of trickle down economics is a crock of shit and harmful to the public at large. One good year doesn't prove anything.

Other points to consider are that investment and spending are up because we have become a hell of a credit nation. We borrow more and more every year. So true wealth is actually down once you take liabilities into consideration.

Also a good deal of the spending and investment has been fueled by an inflated housing market, that in my humble opinion is on the cusp of a major world-wide crash. The difference in this country is that many have borrowed against this inflated value to fund their purchases and that will soon cause many problems...but alas the bankruptcy laws have been changed to make that more difficult (but that's a discussion for another day ).

And lastly, how could you say that the lowest levels of income have gone up when the minimum wage hasn't gone up a single nominal penny in over 10 years now and when you look at the rate in terms of purchasing power, it hit it's peak in 1968 and if you're going to point out the states have higher minimum wages than the fed, it's only 18 states that have done this. There's much more I could say about Bush's financial policies, but hell even I'm getting tired of spewing this shit. So here I'll stick with my original premise that overall the poor are getting poorer...relatively at least...

http://www.bls.gov/cpi/

You're gonna have to point me out to what you'd like me to look at here...pretty confusing page for a non-accounting like myself

[thesightless]

Re: Say goodbye to....

its friday, real conversation is off for three days. enter guiness.

[rubyraks]

Re: Say goodbye to....

I hit the exact same point mid-post there Catch you later.

[Lorn]

Re: Say goodbye to....

Have a good weekend you two.

[asdf_admin]

Re: Say goodbye to....

we are not going to win Iraq.