Unemployment extension still undecided as over a million lose benefits!!!

[failed_trad3r]

Anybody who voted republican is a moron, they are bigger deficit spenders then democrats.

 

[failed_trad3r]

Quote from Ghost of Cutten:

That's the lump of labour fallacy. There are always more jobs available than their are people available to work, it's simply a matter of what price those jobs are offered at. Outsourcing lowers wages temporarily but those lower wages result in higher profits for corporations which have to go back into the economy, which they do in the form of greater business spending and investment, which in turn creates more jobs again. If outsourcing is profitable (and if it wasn't, no one would do it), then for each $1 worth that goes out, more than $1 is saved, and thus companies have *more* money to spend and invest than they did before, and thus will on balance hire *more* employees (or the same number but higher wages). Outsourcing therefore increases employment and/or wages for domestic employees, the exact opposite of what its opponents claim.

The argument against outsourcing is exactly the same as the argument against technological progress. People used to destroy weaving looms because they allegedly "destroyed jobs". If it was true that each efficiency-improving piece of technology destroyed jobs, then by now after 200 years of technological progress since the industrial revolution, the west would have 90%+ unemployment. Whereas in fact it has no more unemployment over the cycle than it did 200 years ago. Thus, technology - or anything else which improves profits and efficiency of production by replacing cost-ineffective jobs - does not increase unemployment over the long-run.

You are committing a basic economic error, looking at what is seen (the loss of the job to a cheaper outsourced alternative) and ignoring what is not seen (the increased efficiency of production and thus higher profits, which must get reinvested and thus leader to *more* or *higher paid* jobs). Considering both the unseen as well as the seen consequences, outsourcing - just like technology - improves wages, living standards, corporate profits, and productivity in the delivery of goods and services.

So, you should only be against outsourcing if you want lower wages, lower living standards, less profitable companies, and less output per man hour worked or dollar invested. I.e. if you want to return the world to the dark ages.

There is one fallacy in your fallacy. It assumes standard of living that the US had from 1950 and onwards is sustainable. What if it isn't? What if the standard of living was so high, only because all the wealth stayed inside the US? What if the wealth of firstworld nations is entirely dependent on the existence of third world nations, so that first world nations dont have many competitors? What if first world nations only exist because there are third world nations, because if third world nations didnt exist we would all be second world nations? Then outsourcing only leads to outsourcing the standard of living.

 

[Petsamo]

Clearly this useful idiot is not paying attention:

Quote from failed_trad3r:

Anybody who voted republican is a moron, they are bigger deficit spenders then democrats.

Obama and the Democrats quadrupled Bush's spending you moron. And where are we? 9.7% unemployment and in the brink of a double dip recession.

Useful idiots like failed_trad3r is the reason why history repeats itself.

 

[failed_trad3r]

Quote from Petsamo:

Clearly this useful idiot is not paying attention:

Obama and the Democrats quadrupled Bush's spending you moron. And where are we? 9.7% unemployment and in the brink of a double dip recession.

Useful idiots like failed_trad3r is the reason why history repeats itself.

You are using curve fitting. Republicans have been bigger deficit spenders in 100 years of history. No doubt if Obama gets replaced by a republican deficit spending will go through the ROOF!

 

[Jack Nestle]

Quote from failed_trad3r:

You are using curve fitting. Republicans have been bigger deficit spenders in 100 years of history. No doubt if Obama gets replaced by a republican deficit spending will go through the ROOF!

It is apparent that no matter what the facts are you will always vote democrat. Honestly, are you really confident that Reid, Pelosi, Frank, and Obama have your best interests at heart or are they doing what is best for them and their agenda?

 

[Trader666]

No wonder you're a failed trader.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2844826>

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2845042>

Quote from failed_trad3r:

You are using curve fitting. Republicans have been bigger deficit spenders in 100 years of history. No doubt if Obama gets replaced by a republican deficit spending will go through the ROOF!

 

[failed_trad3r]

Quote from Jack Nestle:

It is apparent that no matter what the facts are you will always vote democrat. Honestly, are you really confident that Reid, Pelosi, Frank, and Obama have your best interests at heart or are they doing what is best for them and their agenda?

Who said I voted for Obama? He is an illimnati.

It is apparent that you will always vote republican, even if they lie to your face.

Besides, you guys dont even seem to understand curve fitting.