Socialism will fail everywhere it is tried because it requires too much government money in relation to private sector money. .
ummm, in socialism, there is no private sector.
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Socialism will fail everywhere it is tried because it requires too much government money in relation to private sector money. .
Socialism will fail everywhere it is tried because it requires too much government money in relation to private sector money. Totalitarian communisim is the ultimate in government spending and has never failed to produce massive deprivation and misery.
Before we started liberalizing/socializing our own economy, it was the most innovative, productive, creative, prosperous, and most free economy that had ever existed.
some of our liberal friends really REALLY do not seem to want to look at that truth or the reality of that situation.
Socialism will fail everywhere it is tried because it requires too much government money in relation to private sector money. .
ummm, in socialism, there is no private sector.
The situation in Greece and Europe is not the same as in the US.
The Europeans unwisely created a unified currency encompassing 17 nations without a unified political system to go with it that would have had uniform economic policy.
Socialism will fail everywhere it is tried because it requires too much government money in relation to private sector money. Totalitarian communisim is the ultimate in government spending and has never failed to produce massive deprivation and misery.
Before we started liberalizing/socializing our own economy, it was the most innovative, productive, creative, prosperous, and most free economy that had ever existed.
some of our liberal friends really REALLY do not seem to want to look at that truth or the reality of that situation.
Of course we dont want to mention the two years that President Obama had a super majority in the Senate
The situation in Greece and Europe is not the same as in the US.
It's not very different. California is virtually identical to Greece; a failed state, bankrupt and run purely for the benefit of the public employees, with no thought at all to the citizenry and particularly not to companies that would be needed in a sustainable economy.
Europeans unwisely created a social system that benefited bureaucrats at the expense of industry and private enterprise, while practicing a voluntary genocide leaving birthrates at 40% of basic replacement.The Europeans unwisely created a unified currency encompassing 17 nations without a unified political system to go with it that would have had uniform economic policy.
Western Civilization, including the USA, is committing mass suicide.
California and Greece have about as much in common as New York and Macedonia. In other words, they're not similar at all.
California and Greece have about as much in common as New York and Macedonia. In other words, they're not similar at all.
What color is the sky in your world?
Ours is blue.
Boskin and Cogan: California's Greek Tragedy - WSJ.com
The sky in your world is perpetually cloudy and threatening rain. You're the quintessential nabob of negativity in all things. Chicken Little is an optimist compared to you.
Aside from that, if I had a nickle for every time the WSJ has been dead wrong about something, particularly about economics, I'd have more than enough nickles to turn in for a fistful of hundred dollar bills. For example, for quite some time now, the WSJ has been predicting that interest rates on US borrowing costs would go WAY up unless deficits were reduced. Interest have actually declined even as overall debt has gone up.
California has a dynamic and diverse economy with a vibrant technology sector and one of the largest agriculturally productive areas in the whole world. It's also one of the largest economies in the world. It would rank number 8 if it was a country.
Greece doesn't fare so well. I just looked it up, and Greece ranks number 39 out of 43 in the European region.
It was not all that long ago that Californians were among the nation's most prosperous. In the latest CNN analysis, Californians didn't make the top ten and are slipping.
It was not all that long ago that Californians were among the nation's most prosperous. In the latest CNN analysis, Californians didn't make the top ten and are slipping.
SEIU and the other public parasites set off a nuclear blast known as Jerry Brown, which has utterly destroyed the state. The parasites are still feeding off the carcase, but the once great state is dead.
I am the eternal optimist, remember? I don't believe anything is hopeless. Maybe there are still enough Californians with a clue who will be willing to elect a Scott Walker or some such along with enough non-liberals in the legislature to allow him or her to put some reforms in place. Break the back of the SEIU and whatever other public unions are burying you and you have a shot. Start rolling back some of the more onerous regulations and taxes and create a more business friendly environment, and the good jobs will start coming back. It won't happen over night any more than it has happened in Wisconsin. You didn't get into the mess California is in overnight.
But I can't believe there is nothing that can't be fixed if the people have the will to do it.
The sky in your world is perpetually cloudy and threatening rain. You're the quintessential nabob of negativity in all things. Chicken Little is an optimist compared to you.
I see.
So the California economy is great, Gov. Walker was recalled, and Barack Obama is competent...
Well, not so much.
Here is the extreme left acknowledging that California is not only bankrupt, but sliding into the abyss.
News Headlines
10 years ago, California had the 7th largest economy in the world. Today it's 11th and Texas will replace California as the largest state economy within 5 years. It's true that the Texas economy is growing rapidly, but more that that, the economy of California is crumbling under the insanity of Jerry Brown and the idiot socialists. While the state actively purges business, it replaces the loss with illegal aliens. democrats see this as a winning strategy, because it keeps them in office. But the state is in flames and falling fast. The budget is created to serve the public employees, particularly the prison guards.Aside from that, if I had a nickle for every time the WSJ has been dead wrong about something, particularly about economics, I'd have more than enough nickles to turn in for a fistful of hundred dollar bills. For example, for quite some time now, the WSJ has been predicting that interest rates on US borrowing costs would go WAY up unless deficits were reduced. Interest have actually declined even as overall debt has gone up.
California has a dynamic and diverse economy with a vibrant technology sector and one of the largest agriculturally productive areas in the whole world. It's also one of the largest economies in the world. It would rank number 8 if it was a country.
California and Greece are siamese twins.Greece doesn't fare so well. I just looked it up, and Greece ranks number 39 out of 43 in the European region.
I am the eternal optimist, remember? I don't believe anything is hopeless. Maybe there are still enough Californians with a clue who will be willing to elect a Scott Walker or some such along with enough non-liberals in the legislature to allow him or her to put some reforms in place. Break the back of the SEIU and whatever other public unions are burying you and you have a shot. Start rolling back some of the more onerous regulations and taxes and create a more business friendly environment, and the good jobs will start coming back. It won't happen over night any more than it has happened in Wisconsin. You didn't get into the mess California is in overnight.
But I can't believe there is nothing that can't be fixed if the people have the will to do it.
There aren't, though.
The state is becoming Mexico, corrupt and brutal. It is failed welfare state with everyone productive fleeing. I don't see any hope for my beloved state.
I know it isn't funny--it is actually heartbreaking--but that does explain why you didn't object to giving California to Liberalland in the divorce thread.
So far as I know, no Tea Party group is giving the OWS any thought at all. The groups are totally unrelated and there is no comparison or connection between the two. The purpose of the Tea Party is to build up and restore. The purpose of the OWS seems to be to tear down and destroy.
Again individual Tea Partiers will have as many different opinions and convictions on social issues as you will find across the country. For instance there will likely be as many pro choicers as pro lifers at any given Tea Party rally. You also will find a good mix of Republicans, Independents, and Democrats at any given Tea Party rally though Democrats will likely be in the minority as the Democratric Party promotes the opposite of Tea Party goals.
Remember the thesis of this thread is the current Administration's continued efforts to demonize, accuse, and blame the Tea Party as their current target as they are running out of steam blaming and accusing others.
The Tea Party is absolutely not an offshoot of the GOP. The GOP has fallen all over itself to court approval from the Tea Party though and the Tea Party chose to attempt to reform the GOP rather than form a third party.
It is beginning to pay off too based on Joe Biden's comments.
The ONLY focus of the Tea Party is smaller, more efficient, more effective government, fiscal sanity and responsibility, and a return to our Constitutional roots promoting individual liberties. In my opinion, those trying to make the Tea Party movement into something else are those who despise those Tea Party goals.
Agreed. As to the GOP? Wasn't it John McCain that called the TEA Party 'Hobbits' during the Debt Ceiling debate?
The elitists [RINOS] within the GOP are having a very tough time accepting them in thier midsts. I wonder why?
Yes, the old guard Republicans don't like the Tea Party any more than the Democrats do. And that is because the old guard Republicans are largely Democrat light and, like mos tof the Democrats, are in it to increase their personal power, prestige, influence, and fortunes rather than any motive to be competent public servants. They're interested in what looks good and makes good press, not in solving problems.
The Tea Party is doing its damndest to put people into power who are public servants and who do want reform and to restore America to its former greatness.
You need a lesson in fundamental Econ 101
In case you hadn't noticed, the economy slipped into a recession in 2007, and despite the fact that the recession is technically over, growth is anemic because (drumroll please) demand is down. The fact that demand is down is the reason for the following:
1. Businesses are not hiring.
If they had customers, they would be hiring.
2. Tax receipts (both sales tax, and state and federal income tax) are down.
That's a natural occurrence of reduced private sector spending.
3. Gov't expenditures are up.
That's ANOTHER natural occurrence of reduced private sector employment.
Consequently, Obama isn't some profligate spender as conservatives like to portray him since the increase in the deficit are the short term results of #2 and #3.
At the same time, America and American workers are competing with emerging economies.
Hell, we put the ball in motion when our gov't (both Republicans and Democrats) embraced globalism.
And our corporations LOVED the cheap labor. Apparently (and not surprisingly), corporations don't feel any sense of patriotism. They just care about profit maximization.
Those emerging economies like China and India actually have the nerve to want cars instead of bicycles. So, they're now competing for oil on the world market. Hence the high gas prices. No president can control that.
My guess is that Americans are likely going to have to eventually accept a falling standard of living, not because of Obama, but because of globalization, and because people like private equity managers (Mitt Romney comes to mind, to be quite frank) who are, and always have been, driven by the profit motive and not the national interest.
And the Republican House is doing what to address the problem? They're doing pretty much nada because they care more about regaining power than helping the American people.
It's sad really. They're SO worried that if they do anything to help the economy recover, they'll won't retake the reins of power. So, they've essentially made their choice. Their personal and professional interest trump the nation's interest. This is probably the greatest single textbook case where pay should be tied to performance. THEN they would get off their collective asses.
But Republicans have reasons to be happy. They've got lackeys like you. You guys just go out and repeat their nonsensical talking points in order to paint a picture that just so happens to serve their interests despite the fact that it's not economically valid.
You want to see the American (and the world) economy REALLY tank? Put some ideologically-driven people in power who embrace the nonsensical notion that all our economy needs in order to recover is to cut gov't spending to the bone at a time when private sector spending is already depressed. What they hell, cut taxes too.
Do you know what will happen next? The economy will contract BIG time, tax receipts will fall even further, and the future deficit and debt will make today's numbers look like the good ol' days.
And, aside from all the human suffering that these ideologically-driven policies will create, the saddest thing may be the fact that they won't even acknowledge they were at fault for pushing these policies, just like they refuse to this day to take responsibility for all the havoc that was wrought on our economy by the financial deregulation pushed by the right.
Then they damn well better develop a working knowledge of
economics
(knowledge of how economics actually works in the real world) as opposed to embracing an ideological-driven theory about how they think economics should work. Otherwise, they're going to do some serious damage to the economy by embracing austerity.
And how could that happen you might wonder. It's actually not complicated if you know something about economics.
Our economy now suffers from reduced demand.
That's another way of saying reduced spending. So, to cut gov't spending at a time of reduced private sector spending only serves to contract aggregate spending even further.
That additional decrease in overall spending (regardless of its source) results in a drop of overall income which FURTHER reduces private sector household spending as people cut back even further. It's a downward spiral. But that's not the worst of it. It's quite possible that in an effort to decrease the national debt too soon (prior to an economic expansion) the debt as a percentage of GDP could rise. What that means in laymen's terms is that attempts to focus in on cutting the debt at the wrong time could very well create a greater debt to GDP ratio than we have now.