Gas prices are up 100% since obama took office. so have your wages offset that? Healthcare up, food prices up 30%
So are you even or just ignorant to the loss?
So are you even or just ignorant to the loss?
Economy lost 400,000 jobs or gained 100,000
- Thread starter mike oxbig
- Start date
Someone tell ignorant Ricter that household incomes are down 8.2% since Obama took office.
For a family with a $50,000 household income in 2009 that means a $4,100 decline. Now they only make $45,900.
http://news.investors.com/092512-626958-household-income-down-82-under-president-obama.aspx
Max, you're a theoretical nincompoop, and a lazy one at that; in a different time you may have been the guy who said, "the bumblebee can't fly". All your blather will not change the fact that some business costs have bigger benefits. Who was it who recently said "regulations are good", that they make free enterprise flourish? How can that be if regulations are nothing more than costs? The reality, the actual on-the-ground reality is that there have never been so many regulations, and yet American business has never been bigger. Yeah, yeah, if productions costs go up then sales have to fall, yadda yadda yadda. You're wrong.
By the way, the 'p' word is productivity. It's telling you missed that.
No one delving into the subject very deeply or current practical matters in the US.
It is not about the absolute size, which always increases, it's about the rate of change.
Before you call anyone a theoretical nincompoop, you better establish the casual connection between number of regulations and business growth. Business may be growing in spite of regulation, and could have a theoretically higher growth rate.
You also better establish that all regulation is beneficial, or why for instance republican regulation proposals of fannie and freddie in the early 2000's were bad while Barnie Frank and the demo's regs are good. Good luck with that one.
Once you do that, then nincompoop away, until then your talk is blather.
You never said anything about productivity before, now you are entering into a completely different topic.
You said that businesses can simply up the price of the goods they sell in order to offset tax/regulation cost, and you continue to think that when they up the price it will have no effect on demand, even in an economy where wages are falling and banks are lending less.
I have asked you repeatedly "Where does the consumer get the money to make up for the markup in price, in an environment where wages are falling and banks are lending less. You are now trying to change the subject, because i think you have finally realised that what you are saying is impossible.
