Topic: It's the economy, stupid! (Read 73105 times)

TA · « **Reply #340 on:** April 26, 2009, 09:19:07 PM »

It is a profoundly retarded question.

Catloaf · « **Reply #341 on:** April 26, 2009, 09:45:56 PM »

I actually kinda want GM to die in this clusterfuck that is the recession. Seeing as apparently it was them who first popularized the personal finance style going into debt to buy something right now that you don't have the money for, but are willing to go into debt for and ultimately spend more money than the thing cost in the first place.

Goddamn I wish I could remember where I heard it. I think it was someone on NPR but I can't remember.

Büge · « **Reply #342 on:** April 28, 2009, 03:59:10 PM »

They also bought up and dismantled huge sections of electric rail systems back in the '20s.

Ocksi · « **Reply #343 on:** April 28, 2009, 08:18:38 PM »

As anti-capitalist as it is, I am kind of a big fan of the new strategy they laid out.

Ideally, they'd have just been allowed to collapse, but, since they've been stilted so, I love the current idea. As long as their manufacturies are converted to greencar facilities and then the company is resold to the public/private sector, which I truly believe is the plan.

Brentai · « **Reply #344 on:** May 04, 2009, 09:12:26 AM »

Turns out someone is paying the bill.

Get ready for a new wave of fat bastards screaming and crying over the fact that they suddenly have to pay their fair share of taxes while the rest of the country struggles. Tooooooooo baaaaaaaaaad.

Mongrel · « **Reply #345 on:** May 04, 2009, 09:47:20 AM »

Saw that this morning.

Brentai · « **Reply #346 on:** May 04, 2009, 02:49:54 PM »

S&P 500 climbs into the black for 2009 so far (source WSJ, which you need a damned subscription for.)

Buffet pretty much spots the nail on the newspaper industry's coffin. Bout damned time, really. Nostalgia is nice, but honestly those things are slow, full of bullshit information, not so great for the environment, and what's with that crazy foldout shit seriously.

Royal☭ · « **Reply #347 on:** May 04, 2009, 06:32:01 PM »

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MarsDragon · « **Reply #348 on:** May 04, 2009, 06:43:57 PM »

Quote from: Brentai on May 04, 2009, 09:12:26 AM

Turns out someone is paying the bill.

Get ready for a new wave of fat bastards screaming and crying over the fact that they suddenly have to pay their fair share of taxes while the rest of the country struggles. Tooooooooo baaaaaaaaaad.

Büge · « **Reply #349 on:** May 05, 2009, 09:21:31 AM »

Anybody like writing essays?

Mongrel · « **Reply #350 on:** May 05, 2009, 10:07:59 AM »

I prefer to rant incoherently, thank you.

Brentai · « **Reply #351 on:** May 05, 2009, 02:06:03 PM »

Heh heh, I didn't realize that tearing down foreign tax havens meant a lot less outsourcing tech jobs to India.

Thank you for the early Christmas present, Mr. President.

Romosome · « **Reply #352 on:** May 05, 2009, 02:16:37 PM »

Quote from: Brentai on May 05, 2009, 02:06:03 PM

Heh heh, I didn't realize that tearing down foreign tax havens meant a lot less outsourcing tech jobs to India.

Thank you for the early Christmas present, Mr. President.

Which makes it even more laughable that the corporations are all saying that removing their tax havens is going to lead to loss of american jobs.

Doom · « **Reply #353 on:** May 05, 2009, 02:46:31 PM »

Can we get some commercials to appeal to the kind of suckers who lined up for Tea Parties?

Obama: Not Tookin Yer Jerb to India.

Mongrel · « **Reply #354 on:** May 05, 2009, 07:26:14 PM »

HEY TEA COMES FROM INDIA LOL

Royal☭ · « **Reply #355 on:** May 06, 2009, 05:45:00 AM »

The idea is that the more we tax them the less productive they'll be or something. As explained by the Laffer Curve, a popular staple of supply-side economics. Basically if we suddenly start taxing them on this money they were hiding, they'll have less money to be able to pay for capital and labor. Then the business will lose productivity and the government will lose taxes and workers will get fired and so forth. Nothing in that scenario about the people at the top taking home less pay, but they worked hard to not be productive so the only sane solution is to fire a bunch of bottom rung workers rather than take a pay cut.

Did I mention how the entire point of supply-side economics seems to be based on making rich dudes even richer?

Kashan · « **Reply #356 on:** May 06, 2009, 10:23:38 AM »

Also notable because taxed money apparently vanishes into the air and can never return to the economy to pay for capitol or labor.

Catloaf · « **Reply #357 on:** May 06, 2009, 10:48:21 AM »

So, anyone here know the downside of becoming a gigantic Switzerland? They may have a high suicide rate, but that's far more likely due to the lack of sunlight which has a rather strong effect on brain chemistry as anyone with seasonal depressive disorder will tell you.

Kashan · « **Reply #358 on:** May 06, 2009, 11:24:56 AM »

Well, we'd have some issues becoming a giant Switzerland because we're so spread out and big. But for the most part I'm right there with you.

Brentai · « **Reply #359 on:** May 06, 2009, 01:29:43 PM »

Switzerland has compulsory military service.

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Author Topic: It's the economy, stupid! (Read 73105 times)