The Economist - An apology is due to Barack Obama

[Oddball]

What evidence?

Post hoc ergo propter hoc is a logical fallacy, not evidence.

yup.. posting the testimony of a free market saturated site that you'd otherwise be touting as the fucking economic bible sure is.... a logical fallacy!


Like I said, folks, take a good look at oddball's tantrum in the face of reality. Hilarity has never been so partisan.

So what?

I subscribe to both Reason and Liberty magazines, and have disagreed with their authors from time to time.

What is it that makes you think that just because something is written in The Economist, that free market types should just drop to their knees and genuflect?

 

[Shogun]

What evidence?

Post hoc ergo propter hoc is a logical fallacy, not evidence.

yup.. posting the testimony of a free market saturated site that you'd otherwise be touting as the fucking economic bible sure is.... a logical fallacy!


Like I said, folks, take a good look at oddball's tantrum in the face of reality. Hilarity has never been so partisan.

So what?

I subscribe to both Reason and Liberty magazines, and have disagreed with their authors from time to time.

What is it that makes you think that just because something is written in The Economist, that free market types should just drop to their knees and genuflect?

The economist is willing to admit what your hubris refuses to admit: that, in this case, Obama's policy worked despite your broken record capitalista mantras.


better luck next time, bro!

 

[Modbert]

The economist is willing to admit what your hubris refuses to admit: that, in this case, Obama's policy worked despite your broken record capitalista mantras.


better luck next time, bro!

But you don't get it Shogun! When Obama is successful in policy, it's luck! When he is unsuccessful, it clearly shows the qualities of the socialist terrible leader that he is.

 

[Oddball]

Pfffft!

I suppose you two goofballs believe in lucky rabbit's feet, too.

You use your dowsing stick and then you find water. You imagine heads coming up on a coin toss and heads comes up. You rub your lucky charm and what you wish for comes true. You lose your lucky charm and you strike out six times. You have a "vision" that a body is going to be found near water or in a field and later a body is found near water or in a field. You have a dream that an airplane crashes and an airplane crashes the next day or crashed the night before.

However, sequences don't establish a probability of causality any more than correlations do. Coincidences happen. Occurring after an event is not sufficient to establish that the prior event caused the later one. To establish the probability of a causal connection between two events, controls must be established to rule out other factors such as chance or some unknown causal factor. Anecdotes aren't sufficient because they rely on intuition and subjective interpretation.

post hoc fallacy

 

[Shogun]

The economist is willing to admit what your hubris refuses to admit: that, in this case, Obama's policy worked despite your broken record capitalista mantras.


better luck next time, bro!

But you don't get it Shogun! When Obama is successful in policy, it's luck! When he is unsuccessful, it clearly shows the qualities of the socialist terrible leader that he is.

Yea, I know... Oddball is quite transparent today.

 

[Shogun]

Pfffft!

I suppose you two goofballs believe in lucky rabbit's feet, too.

is that what you use to pretend that unregulated free markets don't collapse? I guess you have multiple uses for rabbit fur! who knew?

 

[Toro]

There's little doubt in my mind that the government loan increased the survival of GM, and I was against the bailout of the company. The company may have survived Chapter 11, but it may also have been liquidated. What we know is that it was not liquidated because of the government loan.

I don't like government bailouts of companies. Companies should be allowed to fail. Bailing out companies increases moral hazard. But if you're yardstick is whether or not the company survived, then the government facilitated that happening.

 

[elvis]

GM is paying this money back, right?

 

[Oddball]

Yes...They're paying back the loan with bailout money.

Great work, if you can get it.

 

[elvis]

I wonder if Shogun agrees with whoever the author of the article is when (s)he says grabby unions helped ruin GM.

 

[AllieBaba]

awww... DID I HURT YOUR FUCKING CAPITALISTA FEELINGS?

Who the hell are you talking to????

 

[loosecannon]

awww... DID I HURT YOUR FUCKING CAPITALISTA FEELINGS?

No, your thesis has no legs. Gm is tens of billions away from becoming independent of the US and Canadian governments.

Why did you think that you had a point?

 

[Old Rocks]

What, that he got lucky means he's due an apology?

I don't think so...Homey don't play that.

A bit of sour grapes there, Odie. You would have rather seen GM fail with all that would mean for the Americans that work there. Nice fellow, you are.

 

[Wry Catcher]

What, that he got lucky means he's due an apology?

I don't think so...Homey don't play that.

lucky. Is that what you want to call it?

Would it pain you that badly to admit he did something right?

He did nothing right.

He got lucky that GM turned around despite his meddling.

Ford took nothing and has done even better, so it's at least arguable, using your logic, that the takeover has been a drag on their recovery.

What bothers you the most? George W. was not lucky, or a black man got lucky? BTW, moron, luck has nothing to do with it. Obama did not rely on an ideology, he used practical problem solving skills, something a dumb shit such as you and others on the fringe cannot understand.

 

[Shogun]

I wonder if Shogun agrees with whoever the author of the article is when (s)he says grabby unions helped ruin GM.

Don't cry on my shoulder just because a bastion of capitalista philosophy can admit what oddball can't. If anything, this is just one more brick in the wall of fail that his favorite little economic system is known for.

 

[Shogun]

awww... DID I HURT YOUR FUCKING CAPITALISTA FEELINGS?

No, your thesis has no legs. Gm is tens of billions away from becoming independent of the US and Canadian governments.

Why did you think that you had a point?

Feel free to email The Economist and let them know how wrong they are. Tell them YOU said so.

 

[CrusaderFrank]

What worked exactly?

We're still out $50B and the "Unions did win some special favours: when Chrysler was divided among its creditors, for example, a union health fund did far better than secured bondholders whose claims should have been senior."

How is that good? Is GM going to sell $60B worth of new stock?

 

[8537]

What worked exactly?

We're still out $50B

GM will repay that money when they issue an IPO for the government ownership.

 

[elvis]

I wonder if Shogun agrees with whoever the author of the article is when (s)he says grabby unions helped ruin GM.

Don't cry on my shoulder just because a bastion of capitalista philosophy can admit what oddball can't. If anything, this is just one more brick in the wall of fail that his favorite little economic system is known for.

Which economic system do you think we should use, if not "his"?

 

[elvis]

lucky. Is that what you want to call it?

Would it pain you that badly to admit he did something right?

He did nothing right.

He got lucky that GM turned around despite his meddling.

Ford took nothing and has done even better, so it's at least arguable, using your logic, that the takeover has been a drag on their recovery.

What bothers you the most? George W. was not lucky, or a black man got lucky? BTW, moron, luck has nothing to do with it. Obama did not rely on an ideology, he used practical problem solving skills, something a dumb shit such as you and others on the fringe cannot understand.