Obama: Worst President Ever? Topic

tecwrg
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Posted by jrd_x on 6/20/2012 2:31:00 PM (view original):
A general rise in the prices of all goods is inflation (more specifically, goods measured by the core PCE).  A spike in the cost of gasoline or food alone is not.

So, guy making $100 could suddenly find himself unable to afford to eat, even if inflation stays flat.
Would it be fair to say that adding inflation on top of rising costs in gasoline or food might not be a good thing for the person who is living from check to check?

Or again, are those people just collateral damage for the better good of jrd's America?
6/20/2012 3:58 PM
jrd_x
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Think of it this way.  If the economy suddenly started adding 500,000 jobs a month, prices would go up. With 8 percent inflation and 2 percent unemployment, you can't curb inflation unless you're willing to tolerate some joblessless. With 2 percent inflation and 8 percent unemployment, you can't curb joblessness unless you're willing to tolerate some inflation. If millions of people get jobs, get their own places to live, start commuting, etc., the prices of some stuff will go up. If you want to keep prices low, you have to condemn the country to years more of mass unemployment.
6/20/2012 4:28 PM
tecwrg
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So, in other words, if you're not one of the "lucky ones" in jrd's America, then it sucks to be you, and better luck next time?
6/20/2012 4:49 PM
jrd_x
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Policy makers have to decide what is more important

Keeping the inflation rate at 2% and living with unemployment over 8%.

OR

Accepting a higher rate of inflation and lowering the unemployment rate.
6/20/2012 5:18 PM
tecwrg
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"Sucks to be you, better luck next time"?
6/20/2012 5:30 PM
jrd_x
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I guess that could go both ways.  What's worse, making people who have income endure slightly higher prices, or making people without jobs endure unemployment for longer than necessary?
6/20/2012 5:33 PM
crackatoeha
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What's better, our capitalistic society or your socialistic govt.?
6/20/2012 5:47 PM
jrd_x
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I think the US is a blend of capitalist and socialist systems.
6/20/2012 5:58 PM
tecwrg
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Posted by jrd_x on 6/20/2012 5:33:00 PM (view original):
I guess that could go both ways.  What's worse, making people who have income endure slightly higher prices, or making people without jobs endure unemployment for longer than necessary?
Do you think Obama can get reelected on a platform of "sucks to be you, better luck next time"?
6/20/2012 6:25 PM
jrd_x
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Well, hasn't that been the republican platform for 30 years?

I mean really, if we're wondering which party looks out for the little guy better, it's not much of a choice.  democrats may be lame, but republicans are destructive.
6/20/2012 6:29 PM
tecwrg
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Posted by jrd_x on 6/20/2012 6:30:00 PM (view original):
Well, hasn't that been the republican platform for 30 years?

I mean really, if we're wondering which party looks out for the little guy better, it's not much of a choice.  democrats may be lame, but republicans are destructive.
You've once again avoided answering the question.

Do you think Obama can get reelected on a platform of "sucks to be you, better luck next time"?

Here's a hint: the answer is either "yes" or "no".
6/20/2012 6:43 PM
jrd_x
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Are you really insisting on answers to rhetorical questions?

Hint, that was a rhetorical question.  You don't have to answer.
6/20/2012 6:45 PM
crackatoeha
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Posted by jrd_x on 6/20/2012 5:58:00 PM (view original):
I think the US is a blend of capitalist and socialist systems.
WHAT!?!?!?!?!?! If you are saying that the capitalist make the money and the socialists steal it from them in ridiculously high taxes and regulations, then I agree. If not, then you are a frickin retard. Go live in Venezuela if you want socialism.
6/20/2012 6:58 PM
jrd_x
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We have socialized fire protection.  Socialized police protection.  Socialized retirement.  Socialized medicine.  Socialized K-12 education.  I'm sure there are others I'm missing.  I'm not arguing that we should be socialist, just that it isn't black and white.  We have elements of capitalism and socialism, but not a pure form of either.
6/20/2012 7:00 PM
tecwrg
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Posted by jrd_x on 6/20/2012 6:45:00 PM (view original):
Are you really insisting on answers to rhetorical questions?

Hint, that was a rhetorical question.  You don't have to answer.
You're advocating a course of economic action that would harm a number of fixed-income people.  You seem to think that's acceptable for the greater good of jrd's America.

Do you think that's an electable platform for a presidential candidate?
6/20/2012 7:03 PM
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