Economy lost 400,000 jobs or gained 100,000

Ricter · Oct 6, 2012

Quote from Max E. Pad:

I wasnt supporting the working man, I was supporting business and pointing out the fact that businesses cant simply raise prices to offset higher taxes and increased regulatory burden, when wages are falling, or remaining stagnant.

Businesses can and do raise prices to reflect the cost of production, even if wages are falling. That is the present reality, therefore there are other factors at work.

Max E. · Oct 6, 2012

Quote from Ricter:

Businesses can and do raise prices to reflect the cost of production, even if wages are falling. That is the present reality, therefore there are other factors at work.

Yeah, and when they raise prices to offset tax or regulatory burden demand goes down. Otherwise they could just raise prices whenever they wanted and simply print more money.

Do you not understand how a basic supply/demand curve works? Its like grade 8 economics.

jem · Oct 6, 2012

Quote from Max E. Pad:

Yeah, and when they raise prices to offset tax or regulatory burden demand goes down. Otherwise they could just raise prices whenever they wanted and simply print more money.

Do you not understand how a basic supply/demand curve works? Its like grade 8 economics.

you mean if you charge more for a widget you sell less, you need fewer workers.

I thought you just passed the cost on to consumers for a few months til China started replacing your products... and then you get free money (unemployment, welfare and food stamps) from the leftist who told you to pass on the costs of the increased regulation and taxes.

Lucrum · Oct 6, 2012

Quote from Max E. Pad:

...Do you not understand how a basic supply/demand curve works? Its like grade 8 economics....

Ricter? No, he doesn't.

denner · Oct 6, 2012

Quote from Lucrum:

Ricter? No, he doesn't.

I think the guy married into the business. I've never met a small business owner that fully embraced the leftist platform.

IOW, the guy is full of shit.

pspr · Oct 6, 2012

Quote from denner:

I think the guy married into the business. I've never met a small business owner that fully embraced the leftist platform.

IOW, the guy is full of shit.

Goes without saying. Ricter - Obama. Not much difference when it comes to economcs. Communism or bust.

Max E. · Oct 6, 2012

Jack Welsh sums up yesterdays employment numbers, as Matthews becomes unhinged. Great video.

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Ricter · Oct 6, 2012

Quote from Max E. Pad:

Yeah, and when they raise prices to offset tax or regulatory burden demand goes down. Otherwise they could just raise prices whenever they wanted and simply print more money.

Do you not understand how a basic supply/demand curve works? Its like grade 8 economics.

You should move past grade 8 economics, because prices have been going up for centuries. And we still have a market.

Max E. · Oct 6, 2012

Quote from Ricter:

You should move past grade 8 economics, because prices have been going up for centuries. And we still have a market.

Tell me something, if prices go up while wages go down, and banks loan less, where does the money come from in order to keep demand at the same levels?

How is it possible for demand to remain the same under these circumstances?

Ricter · Oct 6, 2012

Quote from Max E. Pad:

Tell me something, if prices go up while wages go down, and banks loan less, where does the money come from in order to keep demand at the same levels?

How is it possible for demand to remain the same under these circumstances?

I'm thinking of a word. It starts with 'p'.