From middle class to peasant class

I disagree. The fate of our nation is inextricably tied to yours.

Not much of a patriot if you cant take legitimate criticism and all you can offer is mind your own business.

I await a substantive reponse should you have one.

 

Shouldn't our social safety nets provide some relief toward any "race toward the bottom" as a Standard fixed by our elected representatives?

 

Ahem..

Maybe you're not in a position to scold people on their partisanship. Unless you want to look completely hypocritical, of course. Then by all means, please proceed.

 

I do not denounce partisanship unless it gets in the way of common sense, knowledge acquisition and rational decision making. Of course every human has his biases and prejudices and I am very familiar with mine. However, I try very hard not to make situational decisions solely on that bias or prejudice, because I have found that most of the best decisions are based on compromise and cooperation.

If you deem me to be hypocritical sobeit. naturally I take a slightly more nuanced view.

 

But you believe common sense is always on the left ergo anyone on the right can expect to be thought of as a partisan hack by you whie peole like you who are well to the left get a pass because those blinders you wear give you a skewed view of reality jonsa. And by the way common sense says that the first thing one should do to get out of hole is to quit digging deeper...

And Fraudster pdiddies company grossed 500 million last year. Kanye west was nearly that much at 475 million. A million dollars these days is chump change. If your business isn't grossing at least a couple of million you don't have a business you have a hobby that the government expects you to treat like a business. And please remember that net profit can be considerably less than 1/2 of gross.

 

Half a billion in profit annually isn't "small". It IS the number GOP leaders like to cater to though, I'll admit.

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Sure it's his business. He's a forum member so that makes it his business, same as you, me or anybody else.

 

Meme ... Ugh. A word used by the elderly to sound cool.

Economy growing faster after sequester then before. Still slow, but better and we got o save 80b, or as democrats like to call it "chump change"

Stimulus ended up with less jobs then before, less real pay too and all we have is larger debt. The labor force participation rate is much lower then before the stimulus or even the bottom of the recession.

No one has done more damage to the middle class then the socialist meddlers. Did you see what your last housing scheme cost us? About 30 years of middle class growth. Amazing losses. Now you want to take another trillion from productive society, and spend it on Obamas per projects again? No thanks, don't want to have to work for a decade to pay my "fair share" of some rich guy with powers scheme to reward his campaign donors. They got over 70% of stimulus funds last time, not interested in paying them off again. Let the stalemate stay.

 

from one perspective, trying to balance the budget during a stimulus could reduce the effectiveness of both. trying to balance the budget is what helped the Great Depression last as long as it did, until the relative communism of WWII engendered full employment in the market for labor, that eventually ended the Great Depression.

 

Umm... They went into big debt doing stimulus spending that kept the depression going. You don't know what you are talking about. Sending millions of people overseas will leave you with few unemployed back home, but it doesn't make the nation richer. Under the same reasoning, why don't we send the unemployed over to syria, wouldn't that get unemployment down to zero? Would our economy be fixed?

Lookup broken window fallacy, it is basically the basis for all of your logic, and it is incorrect.

We did better in the late 40s and 50s when international trade was made freer, an the debt was being paid down.

 

It was about full employment in the market for labor ending the Great Depression and its deleterious effect on the employment situation before our wartime economy made full use of labor.

 

Canadians are fine by me, freer economy then us now, and relatively better off now too. It used to be that you all were more government controlled economically then us, and relatively worse off. I guess when NHL went on strike, you guys got to work? Now when I pick up magazines your prices are nearly the same. Works for us, the Canadians are bringing those tourists dollars down to Florida in the winter now too. You can tell they are Canadian because they are the only ones sun bathing in January. The locals are inside away from 70 degree temperatures.

 

We still have way more government regulation/control of the economy than you. Its what allowed us to "weather" the storm. we have strict banking regulations that require much much higher liquidity ratios, restrict the businesses banks can engage in, etc. The downside of this kind of fiscal conservatism is capital is harder to raise. Our bankers rarely take the "flyers" that yours do routinely.

Without the NHL what else was there to do but work? well that and we anticipate a rather large blip in the birth rate beginning this month.

70 degrees? Oh you mean 21 degrees - positively balmy. It also helps that the exchange rate is somewhat close to par.

 

Without federal pressure to push those loans through the banks it wouldn't have been a problem. The banks here, just like you say, would have had a hard time raising money, so they would raise interest rates to encourage more savings, but higher rates would have cooled house buying allowing prices to stay on a steady path, no bubble.

But it is the consensus now that you are freer in many respects, and currency policy is one of them. Ours has/is being manipulated, but it looks like that will stop soon. Here is hoping. Anyway, fun chart:

http://www.heritage.org/index/ranking

I knew it!

Yes, that is what I mean. They are keeping our towns alive here in FL, there Europeans stopped coming as much. Use to throw a stone here on a beach and hit 5 Germans and 2 Brits, lucky if you can get a French Canadian these days and an Aussie. I say lucky because the past time of Canada is hurling objects at each other's head and a 5 minute timeout for fist fights.

21? See, that is why Celsius sucks.I went to Europe on a trip recently, Germany was a cold 21, and then Turkey was warm at 30. There are not enough numbers in between. Hot to cold should be more then 10-20 degrees. 90 degrees outside sounds hot, 10 degrees sounds cold. 18-28 shouldn't mean the difference between a parka and a swimsuit.

 

I disagree completely. The liquidity ratios of the banks were substantially lowered by repeal of glass steagel. that was a major contributor, plus the uncontrolled creation of marketable securities, plus the collusion of rating agencies, plus the unregulated mortgage marketplace (in canada there was not such thing as a NINJA mortgage, and 100% mortgages lasted 1 year - now you need at least 10% down and 20% to get it insured), etc. It wasn't the government pressure that caused the evaporation of trillions overnight, it was wall street greed.

Interesting, but a tad too subjective to make a meaningful conclusion comparing our economies. suffice it to say that without the US, canada's economy would be a lot poorer.

Just you wait till football goes on strike buddy.

we do not play hurling - you are confusing us with the Irish. And in hocky we "fire" the puck at the opponents head. the clock stops but its not an official time out during fights. Geez youse guys don't know nuthin' boot the greatest game there is.

I lived thru the metric conversion. I have an idea of how hot or cold it is in Celsius, but I know precisely when converting to farenheit.
I still think in inches and feet. Conversely, my kids have no idea what 10 inches of snow is but sure as heck can tell you what 250 mm looks like.