Obama: Worst President Ever? Topic

MikeT23
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But they consulted jrdx so he'd know.

For some reason, he believes businesses had big stacks of money stuffed in cans in their back yards.   That may be true with an IBM or Microsoft but there are only a few of them.   Small business drives our economy.   And not many operate with huge profit margins so it's highly unlikely they had significant amounts of capital sitting unused. 
6/14/2012 9:20 AM
jrd_x
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Posted by tecwrg on 6/14/2012 5:56:00 AM (view original):
Posted by jrd_x on 6/13/2012 11:03:00 PM (view original):
And many businesses (and to a lesser extent, individuals) had a bunch of capital sitting still. Agree?
I have no idea what businesses did with their money.  None of them consulted me.
They didn't consult me either but it is easy to look up. Would you like to see evidence that there was a shitload of capital sitting still? And, if I show you evidence, will you agree that a large amount of capital was sitting still?
6/14/2012 9:25 AM
tecwrg
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Whatever.  OK.  Proceed.
6/14/2012 9:46 AM
jrd_x
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Ok. Recapping, we've agreed that the economy tanked because money stopped being spent and capital that was available to be spent was, for the most part, sitting still.

Would you agree that the getting that capital moving around in the economy again is a necessary component of a recovery?
6/14/2012 10:18 AM
MikeT23
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I hope this is going somewhere because I still don't think you can go to your boss and say "Hey, inflation is 9%.   I know that's good for the economy but it's really pinching me.  Any chance I could get a 9% raise to maintain my current lifestyle?"    Well, you can.  I'm just skeptical that he'll say "Sure, tec.  You're my best wrg."
6/14/2012 10:18 AM
tecwrg
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Posted by MikeT23 on 6/14/2012 10:18:00 AM (view original):
I hope this is going somewhere because I still don't think you can go to your boss and say "Hey, inflation is 9%.   I know that's good for the economy but it's really pinching me.  Any chance I could get a 9% raise to maintain my current lifestyle?"    Well, you can.  I'm just skeptical that he'll say "Sure, tec.  You're my best wrg."
I just tried that.  He threw his telephone at me.
6/14/2012 10:23 AM
tecwrg
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Posted by jrd_x on 6/14/2012 10:18:00 AM (view original):
Ok. Recapping, we've agreed that the economy tanked because money stopped being spent and capital that was available to be spent was, for the most part, sitting still.

Would you agree that the getting that capital moving around in the economy again is a necessary component of a recovery?

One component, among many.  Getting people back to work would be primary.  Getting small businesses back on their feet would be up there too.

6/14/2012 10:25 AM
tecwrg
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BTW, I can't wait to see how your carefully crafted argument is going to jump the shark.  Because we all know that's coming.
6/14/2012 10:27 AM
jrd_x
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Wouldn't getting that money moving increase demand for products and services, putting people back into jobs?
6/14/2012 10:29 AM
The Taint
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Posted by jrd_x on 6/14/2012 10:18:00 AM (view original):
Ok. Recapping, we've agreed that the economy tanked because money stopped being spent and capital that was available to be spent was, for the most part, sitting still.

Would you agree that the getting that capital moving around in the economy again is a necessary component of a recovery?
I don't think this is why the economy tanked, though it definitely helped slow recovery.
6/14/2012 10:32 AM
OSU_Buckeye
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Posted by tecwrg on 6/14/2012 10:27:00 AM (view original):
BTW, I can't wait to see how your carefully crafted argument is going to jump the shark.  Because we all know that's coming.
WTF does that mean?
6/14/2012 10:34 AM
tecwrg
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Posted by jrd_x on 6/14/2012 10:29:00 AM (view original):
Wouldn't getting that money moving increase demand for products and services, putting people back into jobs?
(Cueing the them from "Jaws")

For individuals and small businesses, I would think that the demand for products and services would be mainly driven by having more money in your pocket to spend, along with having less concern about the need to save because the economy's in the shitter.

It's Main Street, not Wall Street.
6/14/2012 10:49 AM (edited)
tecwrg
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Posted by OSU_Buckeye on 6/14/2012 10:34:00 AM (view original):
Posted by tecwrg on 6/14/2012 10:27:00 AM (view original):
BTW, I can't wait to see how your carefully crafted argument is going to jump the shark.  Because we all know that's coming.
WTF does that mean?
It means that he's methodically trying to build a case for his argument, but at some point he's going to make some absurd leap in logic that makes sense to nobody but himself.  It's what he does.
6/14/2012 10:46 AM
OSU_Buckeye
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This is looking more and more like, we're dealing with an under 21 yr old that thinks he understands, but knows nothing.
6/14/2012 10:53 AM
MikeT23
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Posted by tecwrg on 6/14/2012 10:49:00 AM (view original):
Posted by jrd_x on 6/14/2012 10:29:00 AM (view original):
Wouldn't getting that money moving increase demand for products and services, putting people back into jobs?
(Cueing the them from "Jaws")

For individuals and small businesses, I would think that the demand for products and services would be mainly driven by having more money in your pocket to spend, along with having less concern about the need to save because the economy's in the shitter.

It's Main Street, not Wall Street.

This is correct.

Any small business owner who made it thru the worst of it will tell you that dwindling demand and lack of funds puts you in survival mode.  That means keeping your business afloat AND paying your personal bills.   Rising costs due to inflation do not help on either front. 

6/14/2012 11:00 AM
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