Republican Presidental Debate Iowa

[SwampdonkeyPLD]

It's not just that the gap got wider, it got wider because the entirely of the gains went to the top 5% of earners (mostly the top .1%) and the bottom 95% of American inflation-adjusted earnings stayed the same.

The middle class can afford to fly commercial, while the rich gained the ability to buy their own jets. The economy sucked back then.

Your bitching b/c the rich can afford more, not because American's became poor. Right?

[aurik]

Notice how Bernanke bragged about M1 and M2 beeing reasonably stable, meanwhile M3 is "Top Secret", that is what the audit the fed is all about.

"Bragged"?

Hardly a brag. Just a response as to why RP is wrong about his claim that "inflation == increase in money supply". The money supply increased, but the price of goods remained relatively stable, as did M1 and M2.

But I can tell that you don't have a very good understanding of macroeconomics based on your posts. When the fed gave the banks gobs of money to play with, it wasn't the people's money in any fashion.

Either that or you can't make an argument without repeating the talking-point loaded words that I've italicized above which are at very best gross mischaracterizations of what actually transpired.

[aurik]

The middle class can afford to fly commercial, while the rich gained the ability to buy their own jets. The economy sucked back then.

Your bitching b/c the rich can afford more, not because American's became poor. Right?

No, he's bitching that while the country as a whole prospered, the vast majority of that prosperity was funneled to the coffers of the rich. And he's blaming, among other things, trickle-down economics.

[test123]

it wasn't the people's money in any fashion.

Money created out of thin air steals value from money that already exist, the peoples money.

[Dantrag]

The middle class can afford to fly commercial, while the rich gained the ability to buy their own jets. The economy sucked back then.

Your bitching b/c the rich can afford more, not because American's became poor. Right?

Talking about the distribution of wealth.

http://dfzta02tdse60.cloudfront.net/...stribution.png


http://dfzta02tdse60.cloudfront.net/...stribution.png

http://i173.photobucket.com/albums/w...bt-profits.jpg

http://i173.photobucket.com/albums/w...ychart-1-1.jpg

[aurik]

Money created out of thin air steals value from money that already exist, the peoples money.

Wrong.
Inflation "steals value" from money that exists. But increasing the money supply isn't equal to inflation.

[dfdfpp]

I really hate it when people apparently think that an economy can be measured with a ruler and middle school algebraic formulas.

[archibaldcrane]

The middle class can afford to fly commercial, while the rich gained the ability to buy their own jets. The economy sucked back then.

Your bitching b/c the rich can afford more, not because American's became poor. Right?

I'm "bitching" because you seem to think that tax cuts for the wealthy help the economy. They only help the wealthy and increase the deficit - they don't trickle down.

If you want the rich to pay less because you like rich people or whatever, say so. Just stop with the bullshit about how they're good for the "country" - or are good policy.

[Dantrag]

Jonathan Weisman of the Washington Post summed it up when he wrote in 2004, "The fiscal shift in the Reagan years was staggering. In January 1981, when Reagan declared the federal budget to be 'out of control,' the deficit had reached almost $74 billion, the federal debt $930 billion. Within two years, the deficit was $208 billion. The debt by 1988 totaled $2.6 trillion. In those eight years, the United States moved from being the world's largest international creditor to the largest debtor nation." Today the national debt stands at over $14 TRILLION or more than $40,000.00 for every man, woman and child living in the United States.

Yay tax cuts for the rich.

[test123]

The way the system is now, YES tax the shit out of corporation profits (stocks). Because the money is not legit to begin with. If you are big because you sell good products that's great. If you are big because you have special rules/subsidies (i.e wal-mart, macdonalds, corn) then I have no trouble taxing.

Restore America Now where everyone is competing by the same rules with sound money. Then there will be no transfer of wealth from the poor to the rich.

[aurik]

"Sound Money", another great talking-point buzzword based on misunderstanding the nature of money.

This is why Ron Paul will not and should not ever be elected.

[test123]

Like the trends over the past decades have won favor to the current system...

[SwampdonkeyPLD]

I'm "bitching" because you seem to think that tax cuts for the wealthy help the economy. They only help the wealthy and increase the deficit - they don't trickle down.

If you want the rich to pay less because you like rich people or whatever, say so. Just stop with the bullshit about how they're good for the "country" - or are good policy.

I'm responding to the notion that the Bush/Reagan economies sucked, not trickle down economics.

[SwampdonkeyPLD]

I wasn't necessarily separating the two, but I wasn't arguing in support of trickle-down either. I simply wondered why the economy sucked and it has been answered. The rich got richer and the rest of America stayed where it was, not because of unemployment etc.

[Demosthenes11]

I wasn't necessarily separating the two, but I wasn't arguing in support of trickle-down either. I simply wondered why the economy sucked and it has been answered. The rich got richer and the rest of America stayed where it was, not because of unemployment etc.

you really are one hell of a republican

[6souls]

Not enough Bachmann in this thread

Republican presidential candidate Rep. Michele Bachmann said Thursday that she is the "hombre-ette" to represent voters in Washington.

Appearing in Columbia, South Carolina, Bachmann cast herself as "one little fighter."

"We need one strong hombre or hombre-ette, and I'm the hombre-ette to go and stand for you in Washington DC," Bachmann said. Earlier, when Bachmann referenced that she would be a woman in the White House if elected, a cheer went up from the audience.

Hombre is the Spanish word for man. The Spanish word for woman is mujer.

Earlier in her remarks, Bachmann called President Obama's comment that he could not guarantee that Social Security checks would have gone out if Congress did not act to raise the debt ceiling "disrespectful." She said she had met people who have cancelled internet and satellite TV service because they were worried they wouldn't get their checks in the wake of the president's statement.

Bachmann, who opposed raising the debt limit, also suggested Mr. Obama used members of the military "for his own political purposes" by not guaranteeing that they would be paid in the event that the debt limit is not raised.

Bachmann said she would have prioritized paying members of the military and paying out Social Security checks if the U.S. exceeded its borrowing authority. Had that happened, the United States would not have been able to pay more than 40 percent of its obligations, a situation that most economists predicted would have caused worldwide economic catastrophe.

Bachmann described herself as "a lone voice in the wilderness of Washington" on the debt limit fight. She complained that while letting members of the military and seniors "fry" with warnings they might not get their expected payment, the administration was "busy calling up big businesses, big big banks behind closed doors" to assure them "they were going to get their check."

Bachmann made the comments at the first of two campaign stops Thursday in South Carolina, a key early voting state.

"South Carolina is the key to winning the south, and it's the key to winning the presidency in 2012," she told a cheering crowd.

Campaigning in the state yesterday, Bachmann vowed that as president she would reduce the price of gas, which now averages more than $3.50 nationally. She did not explain how she would do so.

"The day that the president became president gasoline was $1.79 a gallon. Look at what it is today," she said. "Under President Bachmann, you will see gasoline come down below $2 a gallon again. That will happen."

http://www.cbsnews.com/8301-503544_1...69-503544.html

http://stickerish.com/wp-content/upl...hanBlackSS.png

I thought Iowa was the key to winning the presidency.

[Eaglestrike]

Which president had gas at $1.79/gallon when they started? Bush?

[Plow]

Was like $1.30 when Bush took over.

[Salodin]

What...1.79$ a gallon? I want some of what she's smoking cause god damn wtf?

[test123]

oh hi
http://www.telepresenceoptions.com/i...ce_in_Gold.jpg