Does pork create and or save jobs?

[sangha]

Record profits? Really? Then the recession is over?

Funny how they aren't hiring people. Actually - not funny at all.

And another economic moron sounds off. This wingnut doesn't realize that the recession is over, corporate profits are up, and that unemployment is not a measure of recession.

 

[sangha]

ROFLMAO!!!!!

Then why doesn't the government just print money and given everyone ONE MILLION DOLLARS?!?!?!?!?!!!!

Reductio ad absurdum is a logical fallacy, which explains why you rely on it.

your life is a fallacy.

What lie? When the govt prints money, it doesn't have to expropriate anything from anyone

You're just getting emotional because you're getting pwned

 

[uscitizen]

It's expensive being human.... I have to buy health insurance for me, health insurance for Matt, life insurance for me, life insurance for matt, Dental insurance for me, and dental insurance for matt, and insurance on our cars, and pay property tax year after year after year after year on our home, and pay state income taxes and sales taxes in the state, and gas taxes from both the State and Federal gvt, and pay for a driver's license, and hunting license, and pay my electric bill and oil bill, and food bill, and clothing bills....and social security tax and medicare tax and federal income tax...........bwhaaaaaaaaa!

It's just so tough..............!

Yep been there done that for 50 years or so.

 

[uscitizen]

Record profits? Really? Then the recession is over?

Funny how they aren't hiring people. Actually - not funny at all.

And another economic moron sounds off. This wingnut doesn't realize that the recession is over, corporate profits are up, and that unemployment is not a measure of recession.

Different recession classes. The recession for the working class might be finally be nearing the bottom.
The finiancial class define the rules for declaring a recession. and they even fuss somewhat about the definition.

 

[chanel]

No economic genius here. Just a realist. Millions of people out of work; homes foreclosing; empty stores. My husband is in the construction biz. I'm sure there are some industries that fare well during a recession, but none around here. Even the bars. I won't consider the recession over until people are back to work despite what the Ivy Leaguers want us to think.

 

[Wry Catcher]

No economic genius here. Just a realist. Millions of people out of work; homes foreclosing; empty stores. My husband is in the construction biz. I'm sure there are some industries that fare well during a recession, but none around here. Even the bars. I won't consider the recession over until people are back to work despite what the Ivy Leaguers want us to think.

Isn't it amazing, in less than four years Nancy Pelosi created a huge recession, costing Americans jobs, deflating their pensions and the value of their homes and investments. Fucking Democrats, let Wall Street Free!!

Now that Boehner will be Speaker, shit will happen. American business will expand, the trades will flourish as new buildings are built without the burden of regulations or even such outrageous laws as minimum wage.
Hell, the barons of industry will be able to play one carpenter against another, one plumber against another and even hire unskilled labor - maybe even from other countries - in the rush for profit.
Imagine, 16, 17, and 18 year olds comng to our shores taking the jobs of the greedy tradesmen who demand Union Wages and Union benefits. Hell, anyone can drive a nail, install pipes and wire. Fuck the greedy men and women who hold us ransom with their unreasonable demands.

 

[boedicca]

Reductio ad absurdum is a logical fallacy, which explains why you rely on it.

your life is a fallacy.

What lie? When the govt prints money, it doesn't have to expropriate anything from anyone

You're just getting emotional because you're getting pwned

Hey moron,

What happens to the value of money in terms of purchasing power when government vastly increase the money supply by printing a bunch of currency?

 

[Wry Catcher]

your life is a fallacy.

What lie? When the govt prints money, it doesn't have to expropriate anything from anyone

You're just getting emotional because you're getting pwned

Hey moron,

What happens to the value of money in terms of purchasing power when government vastly increase the money supply by printing a bunch of currency?

One thing that happens is all the money we pay back to China will have less value then when it was borrowed.
Inflation is not recommended, but, deflation is the greater danger.

 

[boedicca]

A better solution to printing money to pay back China with cheaper dollars (while destroying the value of the savings of prudent Americans) is to cut spending so we don't need to finance the federal deficit with Chinese Debt.

 

[Wry Catcher]

A better solution to printing money to pay back China with cheaper dollars (while destroying the value of the savings of prudent Americans) is to cut spending so we don't need to finance the federal deficit with Chinese Debt.

Great idea! Post where you'll cut, who it will hurt and the long term consequences of the cut.

When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.

 

[Wry Catcher]

No economic genius here. Just a realist. Millions of people out of work; homes foreclosing; empty stores. My husband is in the construction biz. I'm sure there are some industries that fare well during a recession, but none around here. Even the bars. I won't consider the recession over until people are back to work despite what the Ivy Leaguers want us to think.

Redux - "Now that Boehner will be Speaker, shit will happen. American business will expand, the trades will flourish as new buildings are built without the burden of regulations or even such outrageous laws as minimum wage.
Hell, the barons of industry will be able to play one carpenter against another, one plumber against another and even hire unskilled labor - maybe even from other countries - in the rush for profit.
Imagine, 16, 17, and 18 year olds comng to our shores taking the jobs of the greedy tradesmen who demand Union Wages and Union benefits. Hell, anyone can drive a nail, install pipes and wire. Fuck the greedy men and women who hold us ransom with their unreasonable demands".

 

[chanel]

Wry - that kind of silly stereotyping seems more in line with an rdean post.

I do not pretend to understand global economics, but I do know a bit about human psychology and how it effects consumer confidence. Repealing Obamacare may be exactly the stimulus that small businesses need. I don't know if it will happen, but the uncertainty about the impact has had a very chilling effect. Businesses (and people) need predictability.

 

[Wry Catcher]

Amazing non-response from the ladies of the conservative. It's so easy for them to post platitudes, not so easy to defend them or provide evidence to support the unproved axioms of the modern conservative.

 

[boedicca]

A better solution to printing money to pay back China with cheaper dollars (while destroying the value of the savings of prudent Americans) is to cut spending so we don't need to finance the federal deficit with Chinese Debt.

Great idea! Post where you'll cut, who it will hurt and the long term consequences of the cut.

When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.

Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.

It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.

 

[uscitizen]

No economic genius here. Just a realist. Millions of people out of work; homes foreclosing; empty stores. My husband is in the construction biz. I'm sure there are some industries that fare well during a recession, but none around here. Even the bars. I won't consider the recession over until people are back to work despite what the Ivy Leaguers want us to think.

Isn't it amazing, in less than four years Nancy Pelosi created a huge recession, costing Americans jobs, deflating their pensions and the value of their homes and investments. Fucking Democrats, let Wall Street Free!!

Now that Boehner will be Speaker, shit will happen. American business will expand, the trades will flourish as new buildings are built without the burden of regulations or even such outrageous laws as minimum wage.
Hell, the barons of industry will be able to play one carpenter against another, one plumber against another and even hire unskilled labor - maybe even from other countries - in the rush for profit.
Imagine, 16, 17, and 18 year olds comng to our shores taking the jobs of the greedy tradesmen who demand Union Wages and Union benefits. Hell, anyone can drive a nail, install pipes and wire. Fuck the greedy men and women who hold us ransom with their unreasonable demands.

Thinking of the building industry.

How did that cheap Chinese dry wall work out?


Economic Losses From Chinese Drywall
Could Reach $25 Billion, Insurers Warned
Insured portion unclear, as policy exclusions might lower p&c industry’s price tag
Published 7/27/2009
The recent problems surrounding Chinese drywall have been compared to everything
from a silent hurricane to the next asbestos. But how do the costs really compare to a
hurricane?
Are we more likely to see the quick
settlement of claims typical of property
damage from hurricanes, or the long
reporting lags and hard-fought legal
battles typical of asbestos claims?
Based on publicly available information
and experience in estimating past
construction-related torts, we estimate
total economic losses could fall in the
$15 billion to $25 billion range—numbers
that rival some hurricanes but fall far
short of the price tag for asbestos.
Who will ultimately pay for the claims?
The share of the total that will fall to
property and casualty insurers remains
unclear. Early analysis suggests that
potential defendants will face a host of
coverage issues, and some have large
self-insured retentions which will limit
recovery from commercial insurers.
But asbestos, construction defect and
even hurricane scenarios have already
taught private insurers how wrong initial thinking on insured damages can be,
underscoring the need for careful monitoring of claims experience as the drywall
cases unfold.
INITIAL COST ESTIMATES
It has been widely reported that more than 500 million pounds of Chinese drywall was
imported from China between the years 2004 and 2007 and installed in approximately
100,000 homes nationwide. The Consumer Product Safety Commission (CPSC) has
now recorded 608 reports of defective Chinese drywall in 21 states.
The most frequently cited issue is the smell of rotten eggs emanating from the drywall.
Property damage claims include the failure of air conditioning units and corrosion of
copper piping/coils, electrical wires and personal property such as furniture, fixtures
and jewelry.
Bodily injury claims allege respiratory problems, persistent cough, bloody noses,
recurrent headaches, sinus infections, asthma attacks and fatigue.
The costs of the defective Chinese drywall can be separated into five categories:
indemnity related to repairing the house, bodily injury from any health effects of the
gases being emitted, plaintiffs’ lawyers fees, defense lawyers fees and indirect costs.
Of these, the costs of home repair are the most straightforward.
Randy Noel, representing the National Association of Home Builders, recently testified
before Congress that the cost of remediation may range from one-third of the home’s
value to $100,000. While fewer than 100,000 houses may need remediation in their
entirety, the full number of homes containing Chinese drywall can be used to estimate
an upper boundary of the potential cost.
According to the NAHB, the countrywide median value of new homes sold between
2004 and 2007 was approximately $240,000. At one-third of the home value, the
100,000 homes with Chinese drywall would cost approximately $8 billion to repair.
The cost estimate of $100,000 per home yields an even higher gross estimate of $10
billion.
Bodily injury costs are more elusive at the moment. Chinese drywall claims may have
a similar fate as mold claims a decade ago—the causal link between defective drywall
and adverse health effects may be difficult to establish. A lot will depend on the
outcome of the testing by the CPSC.
As we’ve seen with asbestos, any health findings established by a professional or
government organization can have a dramatic effect on the outcome of bodily injury
lawsuits. If the CPSC concludes that defective Chinese drywall poses a health
problem, a significant number of bodily injury claims may follow.
Even without official health findings, a homeowner with the right lawyer in the right
venue could get a big settlement. Louisiana, where much of the defect drywall was
installed and where several cases have been transferred, is known as a plaintifffriendly
venue. Judges and juries might be even more sympathetic to plaintiffs hit by
this.

http://blog.njeifs.com/Chinese%20Drywall%20-%209.15.09.pdf


Yep we can trust industry to police itself and we need no lawyers to protect us from industry.

 

[uscitizen]

A better solution to printing money to pay back China with cheaper dollars (while destroying the value of the savings of prudent Americans) is to cut spending so we don't need to finance the federal deficit with Chinese Debt.

Great idea! Post where you'll cut, who it will hurt and the long term consequences of the cut.

When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.

Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.

It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.

Yep congress should lay off 10% of its staff.

 

[boedicca]

Great idea! Post where you'll cut, who it will hurt and the long term consequences of the cut.

When you respond with the usual non-answer, I'll share some ideas which may surprise you. But you offered the need to cut federal spending, so have at it.

Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.

It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.

Yep congress should lay off 10% of its staff.

That would be a great start.

 

[uscitizen]

Firing 10% of lobbyists would be an even better move.

 

[Wry Catcher]

Wry - that kind of silly stereotyping seems more in line with an rdean post.

I do not pretend to understand global economics, but I do know a bit about human psychology and how it effects consumer confidence. Repealing Obamacare may be exactly the stimulus that small businesses need. I don't know if it will happen, but the uncertainty about the impact has had a very chilling effect. Businesses (and people) need predictability.

What is predictable is that the cost of health insurance will continue to skyrocket. That without reform those who have paid their premiums for years will be denied coverage by a clerk whose job it is to limit liability (i.e. to pay claims) and people will suffer.
The debate on healthcare was not a debate on facts or issues, it was one side pointing out a problem and the other side claiming those who pointed out the problem were Marxists, Socialists, Communists, Un-American haters of freedom and the government wanted to kill grandma and establish death panels.
And those easily confused bought that bull shit.
Now, understand this, I have health insurance and my cost is $298.30 a month; that includes everything but for a $10 Co-Pay for a Doctor Visit (even if the visit were to be for a heart attack and I was in the hospital for a month or more) and $10 Co-Pay for each Rx.
It's not about me or my wife, were covered.
However, our costs will go up because we are also covering those who do not pay for health insurance yet use the emergency rooms.

 

[Wry Catcher]

Annual federal government outlays (i.e, cash disbursed not the phony budgetary gimmicks) have increased $1T in three years. They were $2.7T in 2007; and projected to be $3.7 this year.

It would be very easy to roll back spending to the 2007 levels and hold it flat. The economy and inflation don't account for such a massive increase in spending - let the government tighten its belt, like the rest of us have done.

Yep congress should lay off 10% of its staff.

That would be a great start.

Fair enough. Now that the Republicans hold the House and the new tea party members are there to keep them honest we'll see what happens.
Note that Obama has included very expensive items in the budget which Bush did not, so your figures may not be accurate.
Now, there are contracts in force which make reducing the salary of government employees difficult, and given the reaction of 'Wall Street' and its defenders when caping their salaries was suggested, I can't see government employees saying, sure, we'll do it.
Better to raise the income tax, reducing debt and making everyone suffer a bit. Of course that's impossible, no member of congress will ever put their seat at risk in doing the right thing.