Quote from libertad:
It is amazing how so many supposedly educated people miss this one concept....
You cannot demand more from less, and expect the total to grow....
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One has to plant seed....fertilize...and nourish the plants...to expect to harvest a lot of fruit.....The trees that produce the fruit must be multiplied, protected, and nourished....
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It does not get more basic than understanding this......
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Reason number 1: Lawyers in general know nothing about economics but yet control the US....
Reason number 2...Lawyers control the US government and the Securities markets.....and do a lousy job of it because of the inherent conflicts between government and corporate employment....Think not ? There are articles in the news continually on this very topic.....
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Right now.....the fruit trees are being chopped off and burned for firewood.....
It will not be long before there is no more fruit....Welcome to the biggest Haiti of them all....
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ie The simplicity of it.....GM,F,C
People want to buy a vehicle that gets from point a to point b...
A vehicle is not medical, retirement, having to hire the wrong people,....etc...., purposeful future parts failure......etc....
A vehicle is actually the parts that make up the vehicle.....nothing else...This is what people want to buy.....
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Obamanomics as proposed just chops down and burns more trees.....
Pretty soon....HAITI has a big sister.....
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Here's another one ....that even the ex head of Harvard who may be the next head of treasury will not understand....
Pension A buys stocks for its portfolio.....In the early years the pension managers knew that people wanted and needed transportation.....Thus they bought GM, F, C.....Then as time went on, people who worked at the plants wanted the plant to pay for their medical and other costs that they should have paid on their own.......Then the cars became something other than cars....but you could not visually see what part was not a car, and what part was a car......whereas in reality 40% of the car were costs of things that had nothing to do with a car...because of lawyers impositions.....
The carmakers also had pension plans that had billions in stocks....In the past when a stock was bought, the bid was 32.00 and the ask was 32.75, and another $1.00 was paid in commissions....
Thus one paid $1.75 in transaction costs.....
Then in 1998, the bid was changed to $32.05, and the ask to $32.06, and the commission was .2 cents for a total of 1.2 cents....
But Obamanomics came into power and wanted pension plans to go back to paying the $1.75, because traders commissions were responsible for price losses in houses....But because of the lawyers in Obamanomics, costs to pension plans were increased over 100 fold....
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Just think......what a great thing that Obamanomics is for the US...and for the world !!!!!!!!!!!!!
You want to turn $1,000,000 into a $1....
Just Obamanize it.......its a wonderful feeling !!!!!!!