Screw "Tax The Poor" Capitalism.

Derp is an amusing character. He believes that by repeating the same lies, over, and over, and over ad nausea, the facts will somehow change in his favor. A clue to Derp, they do not.

Democrats actions leading to Mortgage Collapse B.B.

From New York Times
Fannie Mae Eases Credit To Aid Mortgage Lending
Fannie Mae Eases Credit To Aid Mortgage Lending


From Bloomberg News
How the Democrats Created the Financial Crisis
How the Democrats Created the Financial Crisis - Club Cobra


The Administration’s Unheeded Warnings About the Systemic Risk Posed by the GSEs, ie Fannie, Freddie etc.)
Just the Facts: The Administration's Unheeded Warnings About the Systemic Risk Posed by the GSEs


Timeline shows Bush, McCain warning Democrats of Financial Crisis; Meltdown



The Wall Street Journal Barney’s Rubble
Barney's Rubble


Mashup of Maxine Waters & Barney Frank - Then Vs. Now
Embedded media from this media site is no longer available


The Bet That Blew Up Wall Street
Steve Kroft On Credit Default Swaps And Their Central Role In The Unfolding Economic Crisis
The Bet That Blew Up Wall Street


Bush Called For Reform 17 Times In 2008 ALONE, here dating back to 2001! Duplicate of Whitehouse.archives Bush Called For Reform 17 Times In 2008 | Sweetness & Light
 
So your response to me pointing out that you weren't using recent numbers is to write a non-sequitur.
Sorry, too much cut and pasting.
Derp---Were they priced out, or did they just get better paying jobs?
Todd---Employees who aren't worth the higher rate get priced out.

So who are the people getting "priced out"? The declining unemployment rate in Seattle would seem to indicate the opposite. If all these MW workers were "priced out", then surely that would be reflected in a rising unemployment rate, correct? So your argument seems to be that raising the MW leads to better paying jobs for everyone.

Seattle is far from a scientific experiment with one variable held constant but we do know it's pure madness to claim minimum wages don't matter when robots are taking jobs every day, Walmart is struggling for survival against Amazon everyday, 20 million jobs already went to China because of lower wages, the basic law of supply and demand says when you raise price demand falls, and when a minimum wages makes it illegal to hire anyone not worth the minimum wage .
Public policy. Just lousy management. Why not excise the wage difference in taxes from expatriate firms that leave for cheaper wages.
 
First off, that isn't what is meant by "trickle down," secondly I believe you are poorly coopting a thesis I have stated many times here and to my classes regarding supply side. Are you familiar with Says law?

Essentially the iPhone proves Says law in practical terms. In 2003 there was no demand for smart phones that could run applications. The ignorant trolls that claim demand is that basis of economic advance would then be forced to state the iPhone does not exist, since there was no demand to drive it

How ever, supply creates demand is a fact, an economic law. Jobs and his group CREATED the demand for smart phones by stealing the technology from Hewlett Packard and demonstrating through marketing to the public WHY they wanted and even needed the device. Jobs CREATED the demand by providing a supply of product and showing why they were needed.

A classic illustration of supply side economics in action. Has nothing to do with anything "trickling down," though increased activity reverberates throughout the market and increases wealth at every strata.
You actually admit to indoctrinating students with this garbage!

Go back to school and try again. There is a difference between production being the source of demand generally (Say's Law) and production creating its own demand specifically (pure Uncensored bullshit).

Say: A Treatise on Political Economy, Book I, Chapter XV | Library of Economics and Liberty

It is worth while to remark, that a product is no sooner created, than it, from that instant, affords a market for other products to the full extent of its own value. When the producer has put the finishing hand to his product, he is most anxious to sell it immediately, lest its value should diminish in his hands. Nor is he less anxious to dispose of the money he may get for it; for the value of money is also perishable. But the only way of getting rid of money is in the purchase of some product or other. Thus, the mere circumstance of the creation of one product immediately opens a vent for other products.

I.XV.9
For this reason, a good harvest is favourable, not only to the agriculturist, but likewise to the dealers in all commodities generally. The greater the crop, the larger are the purchases of the growers. A bad harvest, on the contrary, hurts the sale of commodities at large. And so it is also with the products of manufacture and commerce. The success of one branch of commerce supplies more ample means of purchase, and consequently opens a market for the products of all the other branches; on the other hand, the stagnation of one channel of manufacture, or of commerce, is felt in all the rest.
 
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