Bernie Sanders’ biggest weakness is that he doesn’t understand economics

ETcallhome · Nov 17, 2015

achilles28 said:
Bureaucracies by their nature are corrupt, inefficient and wasteful. That's undisputed and universally recognized. Governments face zero market discipline and competition to keep them honest. They are the monopoly provider of services regulated under their control. So they set the price and tax the citizens. Beyond Defense, Courts and Law Enforcement, there's not much productive activity the Government engages in.

Governments always spend more then what they take in. Collect 1 Trillion, spend 1.2 Trillion. Collect 1.2 , spend 1.5. Politicians buy votes by creating social programs paid for with taxpayer money. Taxpayers are stupid and think they're getting a free lunch. This is why growing Government is a very foolish idea. It suffocates the real economy, is tacitly accepted by the idiots who think they're getting a free lunch, while the public debt is run up to stratospheric levels. Humans have tried this before. Ends in tears when the golden goose is killed and/or the credit card is maxed out. Don't confuse reserve currency status with Americas actual productivity. Americans are living off the coat-tails of reserve currency status. When that ends by running up the debt, they'll find they're much less wealthy then they thought they were. Delusions of grandeur. Pride before the fall etc.

I agree. Funny how the democratrs cheer when talking about breaking up the banks, but they never talk about breaking up the government.

achilles28 · Nov 17, 2015

ETcallhome said:
I agree. Funny how the democratrs cheer when talking about breaking up the banks, but they never talk about breaking up the government.

Well said.

So why do you think America should have a massive Government? I get the proportionality argument? But is there anything more to that?

ETcallhome · Nov 17, 2015

achilles28 said:
Well said.

So why do you think America should have a massive Government? I get the proportionality argument? But is there anything more to that?

we can cut from now till the cows come home and it will still be massive. It's like a software program that has been written over the years by many different programers and nobody can get a grip on the whole thing. Parts are obsolete, but can't be deleted because that will make something else disfunctioanal. So it's not the size, it's the complexity.

Scataphagos · Nov 17, 2015

achilles28 said:
Politicians buy votes by creating social programs paid for with taxpayer money.

That's the only economics Bernie "understands".

piezoe · Nov 17, 2015

I don't know if Bernie Sanders understands economics, but he sure does understand Wall Street. When you recommend that X be Bought because you want to Sell X , that's one thing. But when you recommend that X be bought because you want to Sell X knowing that X is a rotten investment while representing yourself has having the buyer's best interests in mind, that's fraud; that's Wall Street.

wheaties · Nov 18, 2015

I think his failure to understand economics is his second biggest weakness. His biggest weakness is his failure to understand human nature. He has a genetic disorder that prevents him from understanding that I am not going to get up every morning and work a ten hour day so I can turn over my paycheck to the US government so that some other guy can have a better life. Bernie cannot even begin to grasp the logic behind why that will never happen. Like I send its genetic. A common disorder among liberals from what I understand.

Frederick Foresight · Nov 20, 2015

http://dictionary.reference.com/browse/hyperbole?s=t

Tsing Tao · Nov 23, 2015

piezoe said:
I don't know if Bernie Sanders understands economics, but he sure does understand Wall Street. When you recommend that X be Bought because you want to Sell X , that's one thing. But when you recommend that X be bought because you want to Sell X knowing that X is a rotten investment while representing yourself has having the buyer's best interests in mind, that's fraud; that's Wall Street.

One of your best posts.

SunTrader · Nov 24, 2015

piezoe said:
....because you want to Sell X knowing that X is a rotten investment while representing yourself has having the buyer's best interests in mind, that's fraud; that's Wall Street.

No it isn't.

Madison Avenue does it all the time. Advertise what is for sale.

Then we have the freedom in a free market to buy ... or not.

The onus is on the buyer to understand, evaluate and put a value (to them) on something.
Then make a decision. Not the gubmint.

piezoe · Nov 24, 2015

SunTrader said:
No it isn't.

Madison Avenue does it all the time. Advertise what is for sale.

Then we have the freedom in a free market to buy ... or not.

The onus is on the buyer to understand, evaluate and put a value (to them) on something.
Then make a decision. Not the gubmint.

huh?