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Stupid political crap your friends post on facebook. - Page 134

post #1996 of 5454
Quote:
Originally Posted by NameBack View Post

Don't forget he's also a fucking moron because inflation isn't actually a bad thing, and he doesn't understand this.

But inflation hits commodities as much as anything right? And don't the poor suffer disproportionately from this because that means things like bread, cooking oils, etc., go up?
post #1997 of 5454
Quote:
Originally Posted by NameBack View Post

No it's the problem with being an amoral lunatic who doesn't believe in common decency.
I'm not sure you can get to be President without being a bit heartless (unless you're Jimmy Carter). Amoral is something I'd describe Obama as more than Romney. Obama went up in my estimation when he continued to campaign during and after the storm.
post #1998 of 5454
Quote:
Originally Posted by indesertum View Post

i dont see why ssi should be means tested. this would eliminate a large portion of our society that provide needs and goods for our system that monetarily dont have enough value, but arguably has great social value (like motherhood). also means testing leads to so much bullshit and bureaucracy.
i do agree however that it should not be a pay as you go system that transfer wealth from the youth to the elderly. the one reason it is so politically untouchable is that the current elderly basically paid very little for what they're getting out of it and the elderly are politically powerful.
SSI should be an individual tax free savings account, with the government helping out poor people save. like a small percentage of your income goes into a tax free account that can only invest in stable investment vehicles and the government uses the surplus from people with higher income to supplement lack of input from lower income people and set the input at some fixed amount. you get it back tax free when you retire.
general revenues should not be allowed to fund SSI. SSI shouldn't even be left at the hands of the government.

This is a great idea, but unfortunately to get there someone (probably us) is going to have to pay for it twice.
post #1999 of 5454
Quote:
Originally Posted by NameBack View Post

Don't forget he's also a fucking moron because inflation isn't actually a bad thing, and he doesn't understand this.

Right, why should our money retain its value? It's not like money is useful for anything.
post #2000 of 5454
Quote:
Originally Posted by munchausen View Post

Yes. The same people who are posting and discussing this also seemed to think as the convention started that Paul could somehow come out of the convention as the nominee.

I did not think that. I do think however that he was entitled to the delegate majorities he earned in Louisiana, Massachusetts, and elsewhere, acquired in strict accordance with Republican party rules and was therefore entitled to (a) have his name officially submitted into nomination at the convention; (b) give the fifteen minute podium speech to which a candidate for the nomination is entitled; (c) have his delegate votes counted and announced from the podium during the roll call of states.

Do you disagree with any of this?
post #2001 of 5454
Quote:
Originally Posted by munchausen View Post

I actually like Ron Paul in a lot of ways. But I don't see how his supporters, a lot of whom are pretty smart people, don't recognize what a disaster he would be as a president.

Example? Assume the makeup of Congress remains as is, so we don't go too far afield into the hypothetical. Obama out, Paul in. Start naming "disasters".
post #2002 of 5454
Quote:
Originally Posted by NameBack View Post

Don't forget he's also a fucking moron because inflation isn't actually a bad thing, and he doesn't understand this.

MMT taken down with brutality and finality:

http://market-ticker.org/cgi-ticker/akcs-www?post=213147
post #2003 of 5454
Quote:
Originally Posted by indesertum View Post

i'm not talking about monetary. i'm talking about expansion of federal programs like medicare, medicaid, and ssi.

The expansion of federal programs cannot be accomplished without the inflationary expansion of the money supply. WWII was financed with bonds, not inflation. When LBJ tried to provide "guns and butter" (Viet Nam and The Great Society) by printing money, the international market stepped up its redemptions of gold under Bretton-Woods and Nixon closed the gold window.
Quote:
whatever. anything i tell you is highly unlikely to turn into an intelligent conversation. you think far too simplistically.

No, I have principles and you want to attack them rather than engaging in conversation that recognizes economic realities. Please read the MMT link in my reply to NameBack. Warning though, it deals in "simplistic" discussion of formulae like (G - T) = (S - I) - NX and MV = PQ so you may be too sophisticated to participate. BTW the link is written by a guy who regularly insults "Hard Money" advocates and inflationists like ZeroHedge, so keep your "goldbug" arrows in their quiver.
Quote:
nobody is going to totally abandon something that is the status quo like the fed so you might as well whine about something else.

The country's been around for 236 years, the Fed for 99, purely fiat money for 41. So for the vast majority of the country's history the status quo was hard money.
post #2004 of 5454
If you're going to continue to shit up the thread despite being asked to stop, at least have the decency to use the multi-quote button.
post #2005 of 5454
ON TOPIC POST

gymk3.jpg
post #2006 of 5454
No one posted this to FB, but this is the closest we have to a thread for random political crap. FARK discovered that Bob Dole and Jack Kemp’s 1996 presidential election campaign website is still active.

http://www.dolekemp96.org/main.htm

It really is a trip on way back machine. laugh.gif
post #2007 of 5454
Quote:
Originally Posted by Jr Mouse View Post

No one posted this to FB, but this is the closest we have to a thread for random political crap. FARK discovered that Bob Dole and Jack Kemp’s 1996 presidential election campaign website is still active.
http://www.dolekemp96.org/main.htm
It really is a trip on way back machine. laugh.gif

It really looks like pretty crappy compared to the Clinton site.

http://www.4president.us/1996websites.htm

You can tell the Dole campaign didn't put much stock in the internet at the time.

Of course, Gore had a head start, considering he invented the internet at all [/lenocirca2000]
post #2008 of 5454
Quote:
Originally Posted by munchausen View Post

It really looks like pretty crappy compared to the Clinton site.
http://www.4president.us/1996websites.htm
You can tell the Dole campaign didn't put much stock in the internet at the time.
Of course, Gore had a head start, considering he invented the internet at all [/lenocirca2000]

Some of the 2000 websites don't look too bad....

In other news, two terrible articles posted:

http://www.huffingtonpost.com/2012/11/14/anti-obama-ceos-companies_n_2129176.html?ir=Politics&ncid=edlinkusaolp00000009&utm_hp_ref=fb&src=sp&comm_ref=false#sb=2380523,b=facebook

http://www.randirhodes.com/pages/rrnews.html?feed=393046&article=9455549&fb_action_ids=4484969613886&fb_action_types=og.recommends&fb_source=other_multiline&action_object_map={%224484969613886%22%3A10150420143589780}&action_type_map={%224484969613886%22%3A%22og.recommends%22}&action_ref_map=[]
post #2009 of 5454
Quote:
Originally Posted by musicmax View Post

MMT taken down with brutality and finality:
http://market-ticker.org/cgi-ticker/akcs-www?post=213147

I watched the first half of that interview, and I don't know what alternate reality you were watching but Mike completely demolished Karl.

Karl was talking entirely out of his ass with complete disregard for any empirical reality. He talks about nominal GDP increases but ignores real GDP increases and starts talking about indexing inflation exclusively to corn and gas -- which is pretty much the sign of a lunatic.

Also, his write up is basically correct, but at the same time completely wrong. Yes, MV=PQ, but he's wrong in not realizing that Q can in fact rise when you increase M. Why? Because there's a whole lot of goddamn idling capacity in the economy right now. If Q was at full capacity and could not possibly rise any more, then yes an increase in M will result in an exact rated increase in P, but that's not the case in an economy with 8% headline unemployment.
post #2010 of 5454
Quote:
Originally Posted by harvey_birdman View Post

Right, why should our money retain its value? It's not like money is useful for anything.

Why should money keep its value?

Here's the thing; I don't care what my dollars can buy. I care what my labor can buy. When one hour of my labor can buy more stuff than the year before, then I don't give a shit how many dollars that labor is denominated in, because it doesn't fucking matter.

Inflation is completely irrelevant because wages rise with prices, and as long as there's real GDP growth (which is going to be more likely if we're in a stimulative, loose monetary environment), then my labor can buy more stuff.
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