Dog Brothers Public Forum


Welcome, Guest. Please login or register.
July 23, 2016, 04:17:15 PM

Login with username, password and session length
Search:     Advanced search
Welcome to the Dog Brothers Public Forum.
96047 Posts in 2315 Topics by 1082 Members
Latest Member: Concerned Citizen
* Home Help Search Login Register
  Show Posts
Pages: 1 ... 3 4 [5] 6 7 ... 162
201  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump, the Depression President: Smoot, Hawley, Trump on: May 20, 2016, 08:52:23 AM
Without anyone to defend our nominee, we are stuck with words already posted:

You really need to read the Section on Taxes in his book, Time to Get Tough. It spells out his thoughts on taxation. He cites:
The problems with High Corporate Taxes and overseas issues. ...
For companies who outsource to other countries, 20% tax rate. If they return, 0%
Imports get hit with a 20% "tax".
(To be fair, Trump also eliminates and reduces other taxes.)   - Pat P.

Brilliant.  That's what the world economy needs right now, a shutdown of world trade.

To be fair to Smoot Hawley, the Depression triggering legislation raised tariffs on only 20,000 items by only 6.3% to 19.8%.  Trump proposed (in 2011) raising it from 0% to 20% on ALL imports.  

What the "emotional appeal" to replay the Great Depression is, is beyond me.  Can anyone tell me what the US economy looks like without world trade?  (see below only it would be far worse now)  What will security issues look like when Europe, China and Mexico all fall into economic collapse?  That won't hurt the border issue, will it?

Among other ill-conceived miscalculations, is a tax on an activity you are trying to eliminate a reliable revenue source??

On this important economic point, that wasn't an issue, Hillary Clinton has a better track record and appears smarter.  (

"Better to have a Dem in and know I will get screwed than to vote for a [RINO..." and get the same bad policies and results, or worse.
For those who don't like world trade, take a look at our economy without it.  Note that this is a far greater increase and we are far more reliant on trade now than we were then.
U.S. imports decreased 66% from $4.4 billion (1929) to $1.5 billion (1933), and exports decreased 61% from $5.4 billion to $2.1 billion. GNP fell from $103.1 billion in 1929 to $75.8 billion in 1931 and bottomed out at $55.6 billion in 1933.[20] Overall, world trade decreased by some 66% between 1929 and 1934.[21]

Note that this was a net "improvement" in our "trade deficit", for you trade deficit hawks.  Imports fell 66%, exports fell *only* 61%!  

GDP (we call it now) fell over 25%!  Probably an unrelated development...
202  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Elites on: May 19, 2016, 11:49:43 PM
GM:  "There is a club. We aren't in it."

If I am an "upper class elite", this economy is in worse shape than we knew!

PP: "Better to have a Dem in and know I will get screwed than to vote for a GOPe praying that the nominee will win, while knowing that even if he does win, he will go RINO."

"I am not going to vote for Bush, Rubio or any of the others outside of Cruz or Carson. If Bush or the others are pushed down my throat, it doesn't matter because the results will be the same as if Hillary were the President."

No empathy for any of us having Trump 'pushed down our throat'.  Pat has been ripping the other candidates since August, "neutered pigs", "weasel Politicians", "Burn the GOP down!", but feels "just so abused, put upon, denigrated and simply castigated by the "elites" and those who are anti-american" when someone expressing genuine reservations about his chosen one. 

"[Trump] "needs to reduce the personal attacks. It will backfire at some point"
203  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Tax Policy, 1/3 pay federal income tax on: May 19, 2016, 10:16:44 AM
Tax issues, 40% of our country, keep falling to page two while shiny objects, bathroom issues, are front and center.  To the top...

One third of our country pays federal income taxes.  Two thirds do not.  7% make over 100,000 and pay 80% of the taxes.  Getting 93% to raise the taxes on 7% does not impress me as consent of the governed, but also doesn't help us grow the economy or ed the stagnation for anyone.

Looking around at cost of healthcare, homes, property taxes, insurance costs and the cost of raising kids and putting them through college, people living in mainstream America need to make over 100k in tday's dollars in order to pay their own bills.  Looking forward, that number keeps getting higher.  But if you do make enough to be self sufficient and tuck a little away, we punish you and punish you and punish you, while we propose to punish you further.

We have a tax code that rewards failure and punishes success.  What could possibly go wrong?  Look around.

US 2016: Failure is a Better Option Than Success
Bryan Crabtree May 18, 2016

Two-thirds of Americans do not have any taxable income. The most recent IRS data shows that Americans earning over $100,000 per year pay roughly 80% of all taxes in America. This means that roughly seven percent of our nation pays the overwhelming majority of everyone else's government expenses.

I'm a big fan of the idea of a nationwide flat tax. But here's the problem: We already have a flat tax and an income tax. Almost every item we buy has a federal tax somehow levied on it.

When you pay your cell phone bill you pay a universal access fee which goes for programs such as the Obama-phone which are wrought with fraud. Your cable bill, home telephone bill, automobile, gas, utilities, alcohol and many other products and services have federal and state taxes baked in the cost or on the bill.

Most Republicans and Democrats loathe the discussion of abolishing the IRS because of its likely impact on many of their pet projects and donors. They also realize that each of them are complicit in scamming you. Many argue the federal income tax, compared to historic levels, is low. But, when the top income tax bracket was as high as 90 percent, we didn't have the ‘scam’ taxes (re: flat consumption tax) outlined above.

With numbers as staggering as the foregoing, there's no wonder why our country is becoming lazy, complacent and apathetic. When I read this data, my first thought was “why am I working so hard to give half of it to the government and provide many others with a free ride?”

...why should I work hard, take time away from my family and remain in a constant state of stress only to have the long arm of the federal government strip away half or more of what I earn to fund entitlements, fraud and waste?

We all pay Medicare and Social Security, but there's even a conversation about limiting that to some sort of a means test so the system doesn’t go bankrupt. So, again, we get to pay into a system but never receive benefits commensurate to our input, because we are above average in success?

We are clearly in a nation that penalizes success at almost every level and encourages failure at every other level. ...
204  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 19, 2016, 09:59:47 AM
"a specific demographic which represents the majority of the people in this country, the upper lower class, the middle class person and upper middle class people. These are the people that will Make America Great Again, not the insufferable upper class"

I will leave this alone shortly, but once again it is all about class and the politics of division - not unlike what has been used so successfully by the Dems.

I respectfully disagree.  Correction, I vehemently disagree.  There aren't groups or classes that will make us great again, and others that will not.  Nor do the patriots mentioned in the article fall neatly in those classes.

"The majority of the people in this country, the upper lower class, the middle class person and upper middle class people" include Suzette Kelo, Vera Coking and are exactly the people who a new round of regressive tariffs will hit the hardest.  Attention Walmart shoppers, prices are going up by 45% in aisles 1-247 if you believe what is said in campaign rhetoric.

"Insufferable" (upper class), meaning intolerable, unbearable, unendurable, insupportable, unacceptable, oppressive, overwhelming, overpowering, conceited, arrogant, boastful, cocky, swaggering.  (Synonyms) As mentioned previously, blaming the boogeyman worked for Dems and worked for that one German leader who used emotion and divisiveness to perfection and nearly ultimate power.  Our problem isn't the economic activity of the upper class; it is the voting pattern of the whole electorate.  And this solves that how?

The GOPe is now Trump and the old guard are now GOPformerE.  Trump cut the back room deals with Christie, Carson, Palin, Jindal and whoever he needed to crowd the field and then clear it.  Trump is the one who sets the platform, picks the VP, picks the Supreme Court nominees (if he wins).  Trump decides if Paul Ryan runs the convention and who speaks on which nights for how long.  Trump lines up the sponsors, works the donors and buddies up with wall street, or not.  Trump overthrew the (non-existent) establishment.  Now he IS the establishment.  And guess what?  We get to criticize.  That's what people out of power do.  It's all we have left with no candidate and no path forward.

"Trump Americans=makes scientologists look like a meeting of a skeptic's group."  - That was over the top while everything Trump said, bleeding out of her wherever, was Presidential?  Good grief.
205  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Compilation video on: May 19, 2016, 06:39:30 AM
206  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 19, 2016, 06:22:53 AM
"the insufferable upper class who believe themselves to be smarter and wiser than anyone else."

That retort was probably easier than addressing my specific objections,  where I find him wrong on economic policy, lacking on foreign policy, and oblivious to constitutional limits on government.
207  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 18, 2016, 11:50:58 PM
Pat, I don't expect to change your mind: I never have. With due respect, I think you're operating with a little double standard here. Both you and Trump freely insulted other candidates, with  humor, then take offense when it comes back.

On the first part, I see your point that you were appealing to a certain audience with emotion. I read the comments and I think you were successful.

A different argument is needed for this group.

PS,  I was for Rubio, not Cruz.
208  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: The Cognitive Dissonance of the left, vasectomies for young bucks on: May 18, 2016, 11:45:09 PM
209  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Our Pat on "Trump Americans" on: May 18, 2016, 06:44:24 PM

I read it but I am still wondering who are the Trump Americans.  It seemed quite general and fluffy.  Motherhood and apple pie but no new data.

I read the agenda and it omitted every objection I have had with the candidate which are rather numerous.*  Can we vote for only the good stuff mentioned?

Is this hope and Change again only under the words Make America Great Again?  Blank easel offered, paint your own picture on it?  Will he build a bridge to the 21st century too?

*  No word about ending rule by executive order and returning to coequal branches of government.
    No word about reform or an end to unconstitutional private takings.  Yes I'm still stuck on this as he has doubled down against me and against constitutional limits on government
    No word on trade protectionism.  This is a divisive question even if the easily deceived support depression era policies.
    No word on minimum wage where he has been all over the map, mostly with the big government planners and controllers.
   The last big government conservative was G.W. Bush.  Trump is offering big government without the conservatism?
    No word on whether he ever thought about a different plan to counter Saddam in Iraq while he would have left him in power, supporting terrorism and pursuing nuclear weapons.
    No clarification of whether the written plan with tax rate decreases is his tax plan or if the spoken one with tax rate increases supersedes that.  
    No backtracking on previous namecalling of those he now wants or doesn't want for allies.  Is Carly still ugly?  Was Ted really the biggest liar?  Was Marco too short?  Was Megyn bleeding out of her wherever?  Did McCain serve his country badly?  Did any of these ugly episodes serve to bring down the general level of discourse?
    No coverage of the Chris Christie bailout plan where we found out payback was part of the secret backroom deal that got him nominated.
    Did Nafta really cost us jobs?
    Do the Chinese manipulate their currency any worse than we do?
    Does he now know Quds from Kurds?  Nuclear triad?
    This one from GM, does he know which is the bad Korea?
    Is there a new reason we should get excited about the lesser of two evils - that has happened "too many times"?
    Should we vote for him for winning, even if the principles that would win aren't our own - or what will make America great again?
    If he is so great at winning, why does he need anyone's vote!
210  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 18, 2016, 04:43:00 PM
Buchanan is NOT a great guy in my opinion, there have been repeated whiffs of antisemitism from him over the years.

211  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Buchanan,Trump, Smoot, Hawley on: May 18, 2016, 11:26:30 AM
Pat Buchanan is a great guy but I have long disagreed with him on trade protectionism.  Now and because of that issue he has stepped forward as a self-appointed surrogate for Trump.  In that role I post this here, Buchanan's words to distance himself from or not. 

This was on Hannity radio.  Buchanan says raise tariffs 20% across the board.  Repeal corporate taxes altogether with this in their place.  The 20% on imports of $xbillion would raise $***.   STOP!

1)  Our side believes a 20% tax won't change the flow of goods that are assessed the new tax?  No disincentive effect?  No, it is their side who denies the laws of economics.  Actually, he wants it both ways.  We raise all that money AND manufacturing here is supercharged by the loss of imports.

The fact is, the cost of living goes up by 20% in the applicable categories, whether you buy it made here or brought in.

2)  No other country will retaliate.  To the extent that that do retaliate, we will be unaffected by that?  Again, it is our side that denies the laws of economics and of human behavior?  Our side denies policies like these caused or triggered the Great Depression?

3)  Our side believes government intervention is the answer?  No.  Government over-meddling is the cause, not the solution of the problems across the states where Trump is selling this message.  A new tax isn't the answer.  Lower tax rates on everything is the answer - to the extent that we can curtail spending to pay for any revenue losses.

4)  Our side wants government to pick winners and losers and curtail individual economic freedom?  Not me.
212  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 18, 2016, 11:11:42 AM
"Kasich is a loathsome turd who makes Trump seem decent and ethical in comparison."

As Obama calls Biden, an insurance policy.

I may need to borrow some twist or turn of these words when I write my endorsement of Trump.
213  Politics, Religion, Science, Culture and Humanities / Politics & Religion / It wasn't Sykes-Picot on: May 18, 2016, 11:05:37 AM

An interesting history most around here don't know about anymore.  It's not fun to study failure and dysfunction.

There was more to it that just Sykes-Picot:
214  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Hillbillary Clintons long history, 13 minute Hillary Lie Compilation Video on: May 18, 2016, 10:51:52 AM
7 Million served, please add a click to this 13 minute Hillary Lie Compilation video.

Spread it around.  The more people see of Hillary, the more they dislike her.  Nothing new in here to me, just a nicely organized proof in her own words just how worthless and duplicitous her own words are.

13 minute Hillary Lie Compilation Video
215  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Trump - Kasich on: May 16, 2016, 04:04:05 PM
I wanted to get this on record, if I haven't already, before it is any more obvious.  Media seems fascinated right now about Trump's VP choice and are kicking around all the other names.   Hannity is talking with Newt about it as I write.   Kasich is my prediction, not my choice.

"Trump will pick Ohio Gov. John Kasich for VP and Kasich will accept."  - Doug,  May 16, 2016

Trump, in Trump's mind, is about what?  Winning.  He didn't win Ohio.  He has to win Ohio.

Timing?  I suppose he will pick him at the last minute to keep the talk going for as long as possible.

Yes, he could use a woman or a black or Hispanic or someone who is two or three of those, but this isn't about window dressing.  It isn't about finding someone else who can steal the show.  It isn't about having the right person in line for the good of the party, furthering the movement or to protect the country.  It is about Trump winning (period).

Kasich had the best general election poll numbers nationwide.  Yes those would have collapsed if he started to lead, have a chance to win or come under attack.  He helps carry a large swing state.  He has large government executive experience, one of the two term governors.  He comes from the group of 17 where the vetting is largely done.  Why pay your own team?  He has congressional and foreign policy experience.  This is about as opposite to a bold decision as he can make.  Why should DT let someone else's risk add to his own.  Kasich is as qualified and likable as Joe Biden, and makes slightly fewer gaffes.  His gaffes tend to bounce off.  He told women to come out of their kitchens to support him once, well he is just that old.  He won't likely be caught with a prostitute or a gambling addiction at this point in his life unless they already have that in his file.  Kasich helped knock out Cruz,; that's worth something if you look for the personal side and Trump and Kasich mostly avoided striking at each other.  Kasich can help Trump walk back the slams he made against Ohio, that all the growth came from fracking.

Why would Kasich take it?  Unlike Newt and some others, Gates, Condi Rice, John Bolton, Rudy G, etc. Kasich currently has the ambition and plans to be out campaigning most of this year -other than the part now about having Trump at the to of the ticket.   Kasich doesn't have to agree or pretend to agree with Trump on everything; he can answer the questions about Trump's unconventionality the way Priebus did this weekend.  'People aren't using the old rule book anymore, they are looking for who can set off an earthquake to the status quo in Washington'.  Trump (and Kasich) is the only choice left for doing that.  What is the better offer Kasich is waiting for if he still has ambition?  There isn't going to be one.

Kasich just turned 64, a pretty normal age for this position I would think and young for a person with his experience.  He doesn't have rap in his playlist like Rubio, but is younger than Trump, Biden, Hillary, Bernie, Newt, Rudy, Warren, Gates, and quite a few others. 

The biggest problem with Kasich is the way he has turned into a moderate in his older age, hardly a slur in a general election and the more the left attacks him for other things the more the base will like him in comparison to Hillary and Castro or whoever.

Christie offers a better attack machine but Kasich helps more directly with winning.  In a one on one, Trump can attack by himself and with plenty of willing surrogates.  All the gals new or newer to the national scene, Susana Martinez, Nicki Haley, Mary Fallin, etc. bring new risk to the equation. He can't give up a sitting Senator, Kelly Ayotte, unless she loses and that's too late. If one of them had the track record of Kasich and could help carry a crucial state, he would pick a woman.  Trump wants the questions to be all about Trump, so he will pick his Joe Biden, John Kasich.
216  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: More civil forfeiture abuse on: May 16, 2016, 01:44:16 PM

You'd think we have a court system to protect these kinds of rights.

Of course half of our politics is based on seizing others people's assets, so it looks and sounds pretty normal when you see it happen.  They took his business but the money went to a good cause so it was overall a good thing...   ...if ends justify means and if rule of law means NOTHING.

I keep saying, look at how we look like Venezuela.  This is nearly the same story as posted there, seizing businesses, jailing owners.  We just haven't traveled as far yet down the same path.
217  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: VDH: Elites support illegal immigration on: May 16, 2016, 01:36:49 PM

No one except criminals should support illegal immigration.
218  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 16, 2016, 01:35:35 PM
Want to say before being criticized that I admit taking a liking to GM's nickname for the namesake of this thread, "Little Fingers".  For all the name calling he did, he can live in that same world, Little Marco, Lyin Ted, Low energy Jeb.  Our friend Pat was calling Carly "Snarly" right from the start:
So Little Fingers it is.

Update:  I still only know one person who supports Trump without apology, regret or a lesser of two evils approach.  The ratio of Bernie Sanders bumper stickers to Trump hats I see is about 100:0.  Maybe I need to get out more.

I give Pat credit for seeing something - that I still don't see.
Trump is setting GOP primary vote records.

More than 10 million people will have voted for Trump in the primaries.  That's nearly 1 in 30 Americans.
219  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Cognitive Dissonance of His Glibness: we are better off now... on: May 16, 2016, 11:18:50 AM
Obama: By Almost Every Measure, America and World Are Better Than 8 Years Ago

I think he means 7 years ago.  Why won't he claim better off than 10 years ago, when his side took control of Washington.  Our littlefingers won't be able to make that distinction either since he helped Pelosi-Reid-Obama-and Hillary take control of congress and Washington in Nov 2006.

"The good old days weren’t all that good."  - Barack Obama 2016.

Really?  Well, the Obama years weren't all that good either!  45% of 20-something college grads with college debt working in jobs that don't require their quarter of million dollar degree.  Food stamps and disability (payment) epidemics!

If we take away the growth he vehemently opposed such as everything tied to fracking and fossil fuels, how would we score the 0.0% growth of the Obama Presidency? 

Candidate Romney just couldn't bring himself to say it, but almost every measure of every indicator in the country or the world,  Barack Obama came to Washington and made everything worse, from economic results to world peace to race relations and the way we talk to each other.  By the end of the 8 years, we won't know what bathroom to go in or whether we should thank a cop or shoot him.

He came to office opposing his two biggest accomplishments, gay marriage and the individual mandate, all accomplished by lying to the American people. 

This won't have any lasting, negative effect, will it?
220  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 16, 2016, 10:03:08 AM
Well Pravda on the Hudson already has egg on its face for its hit piece on Donald-- the main woman in question says the piece mis-portrayed her and that she has no complaints about her time with the Donald.

He is lucky this was all aired in May instead of the 1st of November.  Not much of a surprise that a man three times married who admits past cheating. owns the Miss Universe contest, claims to be a multi-billionaire, was once hitting on women.  It's like accusing Hillary of being corrupt.  What did people think she did for a living?

Maybe the personal stuff this time around will be so obvious that we will have to turn back to issues and policies by November.
The Times link, just for the record:
Don't click it; that only encourages them.

Washington Post has some 50-60 'reporters' working on similar material.  I would expect them to get into his business practices.  He already admits he had to buy off politicians to make a living; what more do we need to know?

No word on a similar team being assigned to investigate Clinton Crime Family ties between Foundation contributions and U.S. State Department actions.
221  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Beijing rattling sabres at Taiwan on: May 16, 2016, 09:50:59 AM
This must be one of the most Orwellian concepts of our time, that the PRC is a world and US recognized country and Taiwan is not.  "We" favor 'reunification', a one-China policy, and yet that is perhaps our biggest fear in the world.  Pres. Obama would bring America to Taiwan's side militarily in an invasion, why?  To preserve freedom?  To fight against rule by executive orders?  To oppose the big hand of government?  Because an invasion would have crossed his "red line"??

Maybe big-talk, 'little fingers' can break through the political correctness without starting a world war.

The median household income is three time higher in Taiwan than China.

Economically, wouldn't it make more sense for Taiwan (or Hong Kong) to take over China?

Who would want to do what's in the people's best interests when you have a politburo, central planning committee designing 'smart growth' that knows what's best for you?  (Like Venezuela, reminds me of here...)

Speaking of openness, freedom and self-determination that we don't seem to favor, I wonder how the next Chexit (China exit) vote will go in the various provinces...

And I wonder how our freedom and independence would be coming along by now had we not had outside help in the 1700s.
222  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: The Cognitive Dissonance of the left on: May 16, 2016, 09:22:43 AM
I'm glad you said non-STEM; my daughter's degree is in math.

Smart girl. Now she should find a good job in Singapore or Hong Kong to develop global business skills.

I will suggest the growth industries of our time, canned goods and ammo...
223  Politics, Religion, Science, Culture and Humanities / Science, Culture, & Humanities / Re: You Tube called a criminal racket on: May 16, 2016, 09:20:58 AM

This is quite an interesting issue.  Musicians who are mostly liberals are the property owners in this case and Google who is also leftist in politics is the greedy capitalist. 

I like to think of youtube as content that is by definition public domain.  The biggest company in the field is implicitly presenting it as that.  It is quite easy to find different versions of favorite songs, convert them to MP3 and then 'own' a free version of it.

Google/Youtube teases you with free and easy viewing.  They build their own market share and monopoly status, and then slip in more and more ads, enriching themselves, never the content provider.

The accuser is right.  When content is taken down, the owner of the content is blamed, as if we had a right to their work for free that they are denying.

The music business has always been a mixture of free and paid content with I suppose only the very high end prospering from it.  We need to listen free in order to like it and buy it, but if enough is available free, do we need to buy it?

I think google builds this dispute intentionally.  In the end they will agree to a settlement that will involve payment to the artists, including a substantial cut to youtube, like eBay gets from sellers. 

And still they will interrupt our service with advertising.
224  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: The Cognitive Dissonance of the left on: May 16, 2016, 08:56:16 AM
What do you say to a graduate with a non-STEM degree?

Venti mocha on ice, please.

I'm glad you said non-STEM; my daughter's degree is in math.   grin

WHAT CAUSED THE GREAT RECESSION?  Lack of government spending under George Bush?!  Are they kidding?  Free markets running wild - in the mortgage business that is nearly 100% federal, completely infiltrated by Fannie Mae, Freddie Mac, GSEs and CRAp.  Does anyone remember Saving and Loans, S&Ls?  Loans were once tied to Savings.  Crazy Now we have no savings.  Your credit line is your nest egg and your wealth.  Those loans are tied to government monetary creation no matter how Wesbury and Grannis want to sugar coat it.  We can adjust Fed policy with a volume switch to make  stock markets or housing markets go up - artificially.  And that's all we know.  We don't know what to do next or how to make it go down without crashing or how to ever let an economy operate under normal or real incentives again.
225  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Venezuela and the US socialism analogy (Cognitive dissonance of the left) on: May 16, 2016, 08:19:27 AM
We consider our states to be 50 laboratories of democracy.  We can try different polices and see how they work.  That is my fascination with Venezuela as well.  

There are a ton of stories about Venezuela recently and over the weekend.  Terrible scarcities, chaos, assassination, coup speculation, inflation and so on.

Recalling the Jimmy Carter fiasco, my understanding is that he was our election, see-no-evil, observer during a Chavez recall election when Chavez was losing 40-60 and the official government cheating made that into a 60-40 victory.  My own shock wasn't the expected cheating but the fact that 40% still supported policies of economic failure.  The cheating would have been harder to hide if that support had been closer to zero.

This Saturday in Venezuela:
Maduro orders seizure of closed Venezuela factories, jailing of owners
Venezuelan President Nicolas Maduro on Saturday ordered authorities to seize factories that have stopped production and jail their owners, a day after declaring a state of emergency to combat the country's economic crisis.
"We must take all measures to recover productive capacity, which is being paralyzed by the bourgeoisie," he told a rally in Caracas.
"Anyone who wants to halt (production) to sabotage the country should get out, and those who do must be handcuffed and sent to the PGV (Venezuelan General Penitentiary)," he said

It would be an exaggeration to say that these are the policies young people here in the US at Sanders and Clinton rallies are supporting, but effectively, these are the economic policies we are pursuing and they are supporting and we know they don't work.  Minimum wage is just one example, government mandates what the private sector must do whether is makes economic or business sense or not.  Even the Trump side wants to take your assets if you try to close or leave.  How is that working in places that are further along wih it?
Shortages Cause Daily Looting, Energy Crisis Worsens as National State of Emergency Approaches, May 14, 2016   Reuters: "an unraveling socialist economy"

Is there some other kind?

226  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Cognitive Dissonance of the left, NY Times, Class of 2016 on: May 16, 2016, 07:31:57 AM
Believe it or not, it's still George Bush's fault, or so they imply at the start of this hit piece on the state of the economy.   But then they go on to assess specific blame for the failed recovery at it is the  lack of government spending,  believe it or not.  We had TARP.  We had QE1234.  We had ZIRP, NIRP, Cash. for Clunkers and Solyndra.   we had a trillion dollars a year of temporary spending that became permanent. But we did not do enough with our government sector spending.  Are you f****** kidding?

Other than false cause diagnosis, this would be a perfect reply to Wesbury and Grannis optimism pieces. The underemployment rate is nearly 50% for new college grads while we tell ourselves we are back to 5% unemployment.  We set policies for a decade that perfectly emulate Venezuela, begin to see the same results, and the problem is "tricky timing" for the class of 2016?  Do these people believe their own writing?

Later this month I will celebrate a $265,000 college graduation.  Their goal for next year is to raise tuition.

The New York Times
Sunday Review

Tricky Timing for the Class of 2016
MAY 14, 2016

This year’s high school graduates were 10 years old when the economy hit the skids in 2008. Many college graduates in the class of 2016 were 14. Yet, their economic prospects remain darkened by the enduring effects of the Great Recession.

[What caused the great recession??!!]

That is not to say there has been no improvement. The class of ’16 has more and better-paying job opportunities than earlier post-crash graduating classes, according to a new report from the Economic Policy Institute. But for the most part, today’s graduates still face employment conditions that are worse than in 2007, the year before the recession, and are much worse than in 2000, when the economy was last at full employment.

The recent unemployment rate for college graduates ages 21 to 24 was 5.5 percent, compared with 4.3 percent in 2000. Their underemployment rate — which includes the unemployed, those who have briefly left the work force and those stuck in part-time jobs — was recently 12.3 percent, compared with 7.1 percent in 2000. And in 2015, nearly 45 percent of college graduates ages 22 to 27 were in jobs that did not require a college degree, compared with 38 percent in 2000. Over the same period, student debt has soared, which means that many of today’s graduates are trying to pay off more debt with less secure jobs.

The situation for new high school graduates is far bleaker, in part because many lower-wage jobs are being filled by college graduates. Among high school graduates ages 17 to 20, unemployment is nearly 18 percent, compared with 12 percent in 2000. One in three are underemployed, compared with roughly one in five in 2000.

The soft labor market has depressed wages, with average hourly pay for young college graduates, recently $18.53, barely higher than it was in 2000, adjusted for inflation. Young high school graduates are averaging only $10.66, lower than in 2000, adjusted for inflation.

Without full employment to help push up pay, wages and salaries for all workers lag even as corporate profits rise. But the consequences for young people are particularly severe, because early bouts of unemployment, underemployment and low pay can continue to harm job prospects and earnings over a long period. One’s pay and position starting out has a big impact on subsequent raises and promotions, and thus on accumulated wealth over a career.

This trap is especially dangerous for racial minorities and women, who even in the best of times have to combat bias in hiring and pay. For young black college graduates, the recent unemployment rate, at well over 9 percent, is double that of young white graduates. Young female college graduates earn 79 cents for every dollar earned by their male peers, a gap that is bound to get worse as men at the very top of the wage ladder capture an increasing share of total pay.

These persistent problems are the result of political failure. Job growth and pay growth were weak and largely ignored as policy issues for most of the 2000s, even before the Great Recession. To restore full employment after the crash would have required sustained government investment in many areas, including infrastructure, education, health care and energy technologies.

More public spending could have raised demand at a time of diminished private-sector spending. But Republicans in Congress have rejected that approach and have embraced budget cuts that have hampered broader recovery and growth, at times with the support or acquiescence of Democrats and administration officials.

Even piecemeal labor market improvements have been stymied or delayed. A higher federal minimum wage would lift wages for low-earning graduates, and updated overtime rules for salaried workers would lift middle-class pay. But lawmakers last raised the minimum wage in 2007, and it will be 2017, at the earliest, before they do so again. Similarly, the administration is expected to issue new overtime rules soon, but at this late date, putting them into effect will fall to the next administration.

In the meantime, the class of 2016, like many before it, will graduate into a tough economy in which even the college educated are not assured a toehold.
227  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 15, 2016, 05:10:44 PM
GM,  Are your taking that media photo out of context?     wink
228  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 15, 2016, 05:09:19 PM
Pat,  I would like to take you up on your offer sometime.

I appreciate the clarification, still this is kind of a serious charge.  Would appreciate examples.  

"I would once again subject myself to negative articles about Trump promoting media and political talking points that have taken Trump’s words out of  context, his history having been distorted"

Trump who constantly complained about the system being rigged, found out it was rigged in his favor.  Examples: things like 20:1 and 50:1 media coverage advantage over rivals along the way.

I admit to anti-Trump rants here that focused on his negative traits or counterproductive policies in my view without always mentioning his good traits, like that his third wife is hot and that he is not Hillary.  I have praised his tax plan - more so than he has.

I remember this:

"As to sitting home or voting for the lesser of two evils, I have done that too many times."
   - That was Pat, Nov 2015.  

That is my view today.

229  Politics, Religion, Science, Culture and Humanities / Science, Culture, & Humanities / Re: This has to stop on: May 13, 2016, 02:00:37 PM
This is so wrong.  So 99.999% of people have to be uncomfortable for the problems of somewhere in the range 0.001 % of people?
This is not a civil right for God's sake.

Crossdresser rights.  Good grief.  If you can't figure out your gender, you might expect some public bathroom issues.  A person with penis shouldn't be in the little girls' room.  It's bad enough letting crazies into the little boys room.  If it's a matter of privacy, keep your personal issues private.  Have thousands been arrested for going into the wrong room?  Or blocked from entering?  What is the problem?

Try common core.  How many genders are there, as we teach it to our young people?  Parents might be surprised at the answer.  It wasn't just a liberal takeover of our schools, like Truman Democrats, it was a liberal leftist wacko takeover.  A birth certificate and a federal student loan application no longer can use terms like mother and father.  We were mocked for warning about this.
"In this lesson, students deepen their working concept of identity by exploring how gender expectations influence identity formation."

You can't make this stuff up.

This must be under the category of shiny objects.  The economy is in shambles, world is going to hell, but hey, look at that shiny object over there.  Let's debate that instead.  Can't manage the economy, can't manage foreign affairs, so they made a category where he is comfortable leading, bathroom rights for the 0.001%!  While the liberals slaughter their young, look what neanderthals the conservatives are on the issue of confused-gender urination!
230  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump, China, currency manipulation? on: May 13, 2016, 01:35:22 PM
The heart of what Trump complains about with China is their currency manipulation.  It's perfect because it flies over everyone's head and gives us a boogeyman.  Like that one German leader blaming that one religion.

But what about our currency manipulation?  Has anyone ever heard of QE?  ZIRP?  NIRP?  (zero interest rate program, negative interest rate program)  Going on 20 years of monetary expansion?  TARP, temporary emergency spending that became permanent, totally unfunded.  Deficit spending to the tune of $19 trillion accumulated and projected to double, triple etc.   And all this is enabled by funny money, intentional inflation, borrowings we'll never pay back and Federal Reserve and Treasury collusion supported by the White House and Congress.  The Fed says they can't let interest rates go to normal levels yet, after seven years of expansion, because the economy is still too fragile??!  That is fair trade?

How about we get our own act together first, then accuse others. 

Does Trump think savers should get zero interest?

Does Trump deny that new investment (non-existent) tied to new savings (non-existent) is locked out by our wrong-headed policies?

Has anyone ever heard Trump address this?  Or Clinton for that matter, but no one expects truth or solutions from her.

Does Trump deny that labor productivity and labor income are tied to new investment - and that is not happening when an economy has no interest rate and no savings?  No.  He sees it from his own crony business perspective, just cheap money, a false free lunch like any other government welfare program.

Some of these problems come from our tax code.  He addresses that.  Some come from our strangulating regulations.  But underlying all of it is that WE ARE MANIPULATING OUR CURRENCY.

If Trump were running for 'President' of China, he could propose a tariff war against the US and have just as much ground to stand on.
231  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Trade Issues / Freedom to Trade, Reagan exceptions continued on: May 13, 2016, 01:07:17 PM
Thank you ccp.  There is always more to the story.  Looking into this further I find two pieces on the Harley Davidson protection, Japanese motorcycle tariffs.

NY Times announcing the policy, 1983:
tariffs will rise by 45 percentage points, to 49.4 percent, in the first year. But the rate will be scaled back to 39.4 percent in the second year; to 24.4 percent in the third year; to 19.4 percent in the fourth year, and to 14.4 percent in the fifth year, according to the order. After the fifth year the tariff returns to 4.4 percent.
The order, however, permits 5,000 motorcycles to come in without duty increases from West Germany, and provides for increases to 6,000, 7,000, 8,500 and 10,000 in the four subsequent years.

   - Yes this was Reagan but look at it.  Do we really want Washington DC technocrats in conjunction with the company being protected telling us exactly how many BMW motorcycles and what engine sizes we may buy - during an economic expansion?  Like the 1979 Chrysler bailout, this is not government governing but designing the economy, preventing the future and preserving the past.  Yes, we want to keep those jobs.  No, we don't want a centrally planned and controlled economy.  Are we better off for ALL of the cronyism actions taken in their entirety in our economy?  No!  Would we better off with government that as limited (by an upheld constitution) to play referee, maintain a level playing field role instead of constantly jumping in as a participant?  Yes!
33 Years Ago, Tariffs Saved Harley-Davidson Inc. -- or Did They?
 it's estimated the tariffs accounted for only 6% of the sales increase Harley enjoyed in the aftermath; the rest was due to the bike maker's own efforts.

And it wasn't necessarily because Harley had become so profitable and strong that it requested the tariffs be lifted. Because Honda and Kawasaki had manufacturing plants here, they also enjoyed trade protection from their overseas rivals. With the probability they were shifting production to those U.S. plants, Harley risked seeing its competition get even stronger the longer the tariffs remained in place.  (The tariffs were phasing out anyway.  I would suggest they ended them early for PR/publicity  reasons.)
Presidential politics are raising the specter of protectionism as a valid policy option once more, but using Harley-Davidson as a case study to validate them indicates that perhaps the wrong history lesson has been learned.

Also note that the program as designed only delayed the market consequence, did not protect against long term comparative advantage.
232  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Trade Issues / Freedom to Trade, Reagan record on: May 13, 2016, 12:14:42 PM
ccp from the thought pieces thread:
"But Reagan utilized some protectionism.  At least when it came to national security.  Was Reagan wrong with this?"

I agree with Reagan on national security exceptions to free trade.  His other exceptions less so.

Reagan was President when I entered the export business.  We were selling high tech products globally.  I was 'online' with export license applications.  In the case of some countries, you had to submit an application and wait for all the relevant department to respond to it.  The same semiconductor programming system that tells an elevator exactly where each floor is might also be used in a weapons control system.  A ban on anything that might remotely be used to aid an enemy is common sense and completely acceptable.  

We used opposite strategies on trade with Cuba and China and both failed.  Still I find it perfectly acceptable to ban trade that enriches an oppressive regime whether they pose a direct threat to us or not.

That said, when you are the greatest country in the world, all trading partners might look a little inferior to you.  Let's say one country has crazy low wages by our standards and some other country has coercive slave labor.  I would trade with the first, but not the second which is not free trade at all.

Trump is talking a different tune and carving out a different course than Reagan.  Trump claims that he can get what he wants by threatening tariffs and not have to impose them.  That violates his own rules for deal negotiating.  (I read his book!)  And it doesn't work.  That is not what Reagan did.

We want Mexico to benefit from US trade.  We would be FAR better off to have a more prosperous neighbor to the south for many reasons.  Not at our expense, mutual benefit.  We would be better off if China prospered too.

Reagan of course was not just a theorist, he was an elected politician with constituencies and needs to cut deals in congress to get other things done.  These two pieces draw different conclusions:
The Reagan Record On Trade: Rhetoric Vs. Reality
a 100 percent tariff was placed on selected Japanese electronics products. "The health and vitality of the U.S. semiconductor industry are essential to America's future competitiveness," he said. "We cannot allow it to be jeopardized by unfair trading practices."
...imposition of a special 45 percent tariff over a five-year period (on top of the regular 5 percent duty) on Japanese heavy motorcycles as a favor to Harley Davidson. With less than a year to go in the five-year program, Harley Davidson asked that the tariff be removed.(23) Reagan took the occasion to celebrate Harley's comeback with an appearance at the plant. He declared that "American workers don't need to hide from anyone,"
Reagan Embraced Free Trade
“Our trade policy rests firmly on the foundation of free and open markets. I recognize … the inescapable conclusion that all of history has taught: The freer the flow of world trade, the stronger the tides of human progress and peace among nations.”
It was the Reagan administration that launched the Uruguay Round of multilateral trade negotiations in 1986 that lowered global tariffs and created the World Trade Organization. It was his administration that won approval of the U.S.-Canada Free Trade Agreement in 1988. That agreement soon expanded to include Mexico in what became the North American Free Trade Agreement, realizing a vision that Reagan first articulated in the 1980 campaign. It was Reagan who vetoed protectionist textile quota bills in 1985 and 1988. ...
Critics of trade note correctly that Reagan negotiated “voluntary” import quotas for steel and Japanese cars and imposed Section 201 tariffs on imported motorcycles to protect Harley-Davidson. All true. But those were the exceptions and not the rule. They were tactical retreats designed to defuse rising protectionists pressures in Congress.

That he made exceptions for specific reasons and perhaps in error I don't think negates the core principle that he most frequently espoused.
233  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Trade: 3600-year-old Swedish Axes Were Made With Copper From Cyprus on: May 13, 2016, 11:12:21 AM
3600-year-old Swedish Axes Were Made With Copper From Cyprus

Back up on my trade soap box, comparative advantage goes back a ways!  Maybe these materials were acquired through rape and pillage, but my point about free trade today stands.  Comparative advantage exists in more ways than populist, protectionist politicians (or bureaucrats) can see.

"soulless globalism that treats humans as interchangeable widgets in the world market"  - from a Jeff Sessions comment.  To the naked eye, perhaps, but innovation works best when it runs freely.  So do economies and trade arrangements.

All voluntary trade requires mutual benefit (or why would either side do it).  Therefore every trade transaction benefits both sides, even those of the imaginary 'trade deficit' type.  

The alternative to free trade is to have bureaucrats, technocrats and cronycrats devise a mostly static system in a phony attempt to bring advantage to their own in a way that is smarter than a free market can do it.  Good luck with that.  Look at history.  Those who were the explorers, traders prospered, while those who closed trade borders for an enclosed economy were the economic losers.  Compare Denmark and Albania.

The benefit you receive when your competitor beats you to an innovation or efficiency gain and you lose all your customers is not immediately apparent for you to see!  But yes, you benefit from competition, even global competition.  Is a steelworker from Youngstown Ohio a "steelworker", or is it a person with brain and brawn, a need to support a themselves and a family and the ability to constantly learn new skills that apply to an ever-changing world?  Do we want the security that we will never change what we do or what we build decade after decade, generation after generation, in a centrally planned, failed state, or do we prefer growing our knowledge, skills and incomes in a free and dynamic economy?

Fortunately or unfortunately, it is a false choice.  If you stand still and try to erect artificial protections and mandate that people buy from you or tax them when they don't, you only delay the inevitable, not prevent it.  If you are not competitive and refuse to change, you will perish, not stand still, economically.  This is not hyperbole but observable fact.  You can buy votes with (false) promises but you can't buy prosperity for what is no longer competitive.  Examples of failure to innovate replaced by a government program, the Soviet Union and 100 million working age people not working in this country today.  It simply does not help the people it is designed to help.
234  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Political Rants & interesting thought pieces, Sessions on: May 13, 2016, 10:09:53 AM
"soulless globalism that treats humans as interchangeable widgets in the world market"

"We give up our nation to the world or we stay a country."

Sessions is a great guy, one of the best, but there is a difference between judging the lousy products that come out of free enterprise / free trade and protecting our sovereignty. 

Trump constantly conflates sovereignty with trade protectionism.  The lowering of tariffs in Nafta wasn't the problem, the infringement on sovereignty was.  Same with WTO, TPP, etc.  Trump threatens NATO which has been successful and gives the sham called the UN a pass. 

My view: No global taxes.  No global laws.  Just voluntary agreements among countries.  Regimes who systematically rape, torture and poison their own, support terror and invade other countires might find themselves deposed by force, with or without a UN resolution.  For Trump, all those violations plus the shooting at American planes didn't justify use of force against Saddam in Iraq.

Note that Jeff Sessions and Trump were diametrically opposed on Iraq: 

235  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Iran on: May 13, 2016, 09:46:17 AM
shocked shocked shocked

I note that Trump's foreign policy speech sure sounded like he said we would war to stop Iran from going nuke , , ,

But no problem if Saddam had done the same.  Stopping that is called nation building, creating a power imbalance, lying our way into war.

With Iran, Trump had seemed more concerned with the billions than with the threat.  Seems happy to have them sort out Syria for us.  Remove ISIS set up a shia caliphate terror state in it's place.

If you find a guiding principle in his proposed foreign (or domestic policies), let us know.
236  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Energy Politics & Science on: May 10, 2016, 12:35:01 PM
Sorry gents but as best as I can tell neither of you are responding to the assertions of the article.

Respectfully disagree.  The quality of the reporting is quite suspect, noticeably agenda driven and non-scientific, unlike the actual study to which they refer:  The highest levels could be eyedropper size while the map shows gallons, not contamination levels.  The assertions of the article are badly in need of context, IMHO.

Shock reporting is great, but where are the deaths?  Where are the overflowing hospitals?  Where are the photos of dead wildlife?  Where is one example of this showing up in a city's drinking water?  Is there an instance or data sample of a North Dakota spill issue bleeding over to another state, making the problem federal?  - No.

They show a beautiful photo of the Missouri River.  What are the Radium, Lead and Selenium levels in the Missouri River downstream before and after fracking?  I'm sorry Crafty, but it's just not in there.  What specifically are the allegations to address?

Should fracking be regulated and should spill cleanups be mandated? - Yes.  Should negligence that harms others be subject to civil and criminal actions?  - Yes.  Is there a case of that cited?  - No.

The study itself focuses largely on saline solution (salt).  Where I live, the DOT puts that on every highway, every snowfall in the interest of public safety.  The I-35 bridge that collapsed had a sprinkler system of it - right over the Mississippi River!
Of course radiation is a great concern for public safety.  In the study these elements are called NORM, naturally occurring radioactive materials.  At the TSA, radioactive exposure is mandated for every traveler.  Again, context is needed.

They are producing a million barrels of oil per day and there have been 3000 incidents of a valve leaking etc. reported over the last decade.  That is terrible, dangerous, and unacceptable, COMPARED TO WHAT?  I'm afraid that understanding this story is ALL about context.  

Here is a compared-to-what story:
Three million toxic gallons were "spilled" by the regulators contaminating drinking water and irrigation in 3 states plus the Navajo Nation.  EPA initially denied two million gallons of it and falsely called it unavoidable.  Whatever.

The result of the (federally funded) study above is that further study is warranted.

Should we take more from that than they do?
237  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Cognitive Dissonance of the Left, Piketty war on income inequality continued on: May 10, 2016, 10:57:04 AM
When you put fight income inequality first, some things tend to come out upside down, such as the poor get poorer and the nation gets poorer.  I wonder if the average leftist could find a flaw in the Piketty model using the examples below.  Meanwhile, Piketty is making an estimated $1,000,000 /year off of inequality book sales.  I should write leftist books...

In Piketty’s world, it would be a bad thing if someone were to develop a drug that cured Alzheimer’s. This is because that person would certainly become a multi-billionaire, and that would increase inequality.

The only thing worse than the scenario described above would be if, because his/her newfound riches hadn’t been confiscated by Piketty’s income and wealth taxes (as they certainly should be), he/she used the capital to develop a cure for cancer. Even more inequality!

Under Piketty’s tax system, it would have been impossible for Elon Musk to leverage his success with PayPal to fund Tesla Motors.

In Piketty’s model, it would be a disaster if 15 million unemployed Americans went out tomorrow and got jobs paying $8.00/hour. This because is creating new jobs that pay less than the average wage of the “Bottom 50%” will increase labor income inequality.

In contrast, it would be good if all of America’s minimum wage workers quit their jobs and went on welfare, because then labor income inequality would be reduced.

On page 309 of Capital, Piketty notes approvingly that the minimum wage in France has been higher than that of the U.S. since 1985. However, Piketty doesn’t mention that, since 1985, French unemployment has averaged about 9%, vs. about 6% for the U.S.

Seizing all of the venture capital firms in America and giving the funds to Amtrak would be good, because it would not only reduce wealth inequality, but also allow the federal government to build much needed high-speed rail infrastructure.

To Piketty, a rising ratio of wealth to national income is bad, and a falling ratio is good. Accordingly, Piketty’s bad periods have names like “la Belle Epoch” (the beautiful era), the “Roaring Twenties,” and “the Soaring Sixties.” In contrast, his good times have names like “World War I,” “World War II,” and “the Great Depression.”
238  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Cognitive Dissonance of left, Thomas Piketty wrong on history, data and analysis on: May 10, 2016, 10:18:02 AM
Better not learn American History from the left:

"The Great Depression of the 1930s struck the United States with extreme force, and many people blamed the economic and financial elites for having enriched themselves while leading the country to ruin. (Bear in mind that the share of top incomes in US national income peaked in the late 1920s, largely due to enormous capital gains on stocks.) Roosevelt came to power in 1933, when the crisis was already three years old and one-quarter of the country was unemployed. He immediately decided on a sharp increase in the top income tax rate, which had been decreased to 25 percent in the late 1920s and again under Hoover’s disastrous presidency. The top rate rose to 63 percent in 1933 and then to 79 percent in 1937, surpassing the previous record of 1919."
   - Thomas Piketty from his book Capital in the Twenty-First Century pages pages 506-507

The top rate was lowered to 25 percent in 1925, not exactly “the late 1920s” and not by Herbert Hoover.  The top rate was jacked up to 63 percent in 1932, not 1933, and it was done by Herbert Hoover, not by FDR.  This isn’t an arbitrary screwup on Piketty’s part: On the contrary, it serves his narrative. It would be really great for Piketty’s story if the right-wing business-friendly Herbert Hoover slashed tax rates to boost the income of the 1%, thereby bringing in a stock bubble/crash and the Great Depression. Then FDR comes in to save the day by jacking up tax rates. Except that’s not what happened.

Robert Reich , Paul Krugman , Chris Matthews and other statists tell you that Herbert Hoover cut federal spending during the depression.
Herbert Hoover Increased Government Spending 67%

Calvin Coolidge balanced the budget every year and cut the national debt in half!

More on (moron) Leftist Piketty:  (Finding the flaws of Piketty and the income equality snipe hunt is still relevant this campaign season.)

Professor Piketty's supposed history of changes in the minimum wage is not tarnished by a single error, but by a vast array of systematic errors.  His history is pure revisionist fiction, and revisionist fiction with a political purpose: making Democratic presidents look magnanimous and Republican presidents look uncaring. Yet, over the past quarter century, the period Piketty describes as showing a dramatic increase in inequality, Republican presidents signed into law larger percentage increases in the minimum wage than did Democratic presidents.

Piketty suggests that America copy France, where the minimum wage in 2013 was 9.43 euros ($13 dollars) an hour. But the consequences of the minimum wage can be seen in the differences in youth unemployment rates in the two countries. In 2013, young people aged 15 to 24 had an unemployment rate of 24 percent in France and 16 percent in the United States, according to Organisation for Economic Cooperation and Development statistics. Germany has no minimum wage: its youth unemployment rate was 8 percent last year.  
Another reason we might not want to copy France: OECD data also show that in 2012 France's per person GDP was 70 percent of per person GDP in the United States.

Getting CEO pay right is surely a challenge, but does anybody on earth think it is the defining challenge of our time?

Piketty’s fans ignore the obvious answer to this problem. Instead of attacking capital and capitalism, why not expand the number of people who participate in the benefits of having capital?

The problem is that worldwide labor statistics [used by Piketty] do not have a category that relates the poor to their entrepreneurial activities, nor to their aspiration to be part of the global market.

It is literally shocking that Piketty ignores the impact of welfare programs on the effective distribution of capital.
Entrepreneurial activity is inchanged by high tax rates, :Pikeety alleges, yet no private French company founded in the last 100 years has ever reached the top 100 globally.
239  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Venezuela, Opposition leaders assassinated on: May 10, 2016, 09:29:25 AM
Thanks Denny.

I see similarities to Saddam's Iraq.  It's hard to organize a take to the street movement when they shoot opposition leaders in the head - openly in public, ignore it on the news and then there is barely any news of it anywhere else either.  Where is Venezuelan election observer Jimmy Carter on this?  Whether you get 99% support in elections under threat of death or lose 2/3rds and stay in power anyway is the same result.  Elections don't matter; it is rule by force.  Sometimes regime change support can only come from the outside and nobody ever seems to want that. 

American colonist revolutionaries had help from the French, Spanish, the Dutch and others and would not likely have succeeded without all of that.
240  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Mark Levin takes aim at Trump Trade, More Bernie Than Reagan on: May 10, 2016, 09:00:19 AM
Further to our discussion at 'Freedom to Trade', I'll mark this one down as famous people caught reading the forum.  )

I like Mark Levin - only when he agrees with me.

Mark Levin on ‘TrumpTrade’: More Bernie Than Reagan

"...when it comes to Trump’s own financial dealings, he is an unrepentant globalist, from which he has made a fortune. But these days, as he runs for president, the billionaire is a radical protectionist who has repeatedly declared his intention to impose massive tariffs aimed at the economies of other countries, such as Japan and Mexico, and a forty-five percent tariff on products from China. Such broad tariffs would most certainly result in retaliation by the targeted countries. This is a sure job-killer that would also drive up costs of everyday products to low- and middle-class Americans. The net result: economic misery, not just for those hard-working, tax-paying Americans who work in industries that rely on international commerce and trade, but mostly everyone."

Not to belabor this, but I don't get where he calls Nafta the worst trade agreement ever, the worst, where it was mainly Mexican tariffs on USA goods that were lowered.  Wasn't letting China into the WTO without agreement to honor patents and trademarks far worse?

Like Bill Clinton and Barack Obama, the lips move and what comes out has nothing to do with the truth, what they believe, or how they intend to govern.  Obamacare will lower family premiums by 2500 and  a new round of tariffs on American consumers will make Indiana great again.  It is all just noise in the room, insulting to people who study these things.
241  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump on: May 10, 2016, 08:46:19 AM
He is going to negotiate even lower rates.   grin

Seriously , I agree we need to hold him accountable.  We cannot simply jump on board all blindly gung ho .

We got to repeatedly yank him to as far to the right conservative spectrum just as the left will like drug induced amazon warriors yank him as far to their end of the political spectrum.

The Trump tug of war.

Everyone of us need to man the tug of war rope. 

The actual quote of needing to negotiate his tax plan is true; that is exactly what I was hoping for with Rubio and Cruz.  The unrealistic or counter-productive parts of their plans could have been fixed in a conservative-Republican House - then lost in a divided Senate.  (

As you suggest with the humor, Trump isn't gong to make a good plan better; he is planning to make it worse because 69 years of his experience come from flirting with the other side.  Still, the backing off of a deficit busting plan is a good, get-elected tactic.  Te Dems are foaming at the mouth to attack him on details, but he isn't a detail guy.

Maybe he won't need an income tax at all as he gets companies to pay 45% tariffs, neighboring countries to build walls and allies to take their turn at defending us...
242  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Interesting gun trivia, criminals don't wear holsters on: May 10, 2016, 08:37:31 AM
Violent Criminals and Holsters are Seldom Found Together

Police have long understood that violent criminals almost never use holsters.  The obvious reason is that a gun is readily abandoned by tossing it from a car, in a dumpster, down a drain, or off a bridge.  A holster, normally worn on a belt, is much harder to discard, and can result in embarrassing questions when found in a search.  Having a holster on ones person when you are not allowed to carry or possess a firearm becomes rather problematic.

From a comment:  “95% of criminals carry their guns on their strong side, mostly stuck in the front of their bodies, inside the waistband without a holster.”  – From a US Secret Service Seminar on detecting concealed weapons
243  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Donald Trump dumps his own tax plan on: May 09, 2016, 08:28:02 PM
IIRC, his tax plan was the only thing I liked about Trump.

"By the time it gets negotiated, it's going to be a different plan," Trump told George Stephanopoulos on ABC News' "This Week."
244  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Sen. Bernie Sanders, health care plan is short $17,000,000,000,000 on: May 09, 2016, 08:20:52 PM

Sen. Bernie Sanders has proposed paying for his proposals to transform large sectors of the government and the economy mainly through increased taxes on wealthy Americans. A pair of new studies published Monday suggests Sanders would not come up with enough money using this approach, and that the poor and the middle class would have to pay more than Sanders has projected in order to fund his ideas.

The studies, published jointly by the nonpartisan Tax Policy Center and the Urban Institute in Washington, concludes that Sanders's plans are short a total of more than $18 trillion over a decade. His programs would cost the federal government about $33 trillion over that period, almost all of which would go toward Sanders's proposed system of national health insurance. Yet the Democratic presidential candidate has put forward just $15 trillion in new taxes, the authors concluded.
245  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Media Issues on: May 09, 2016, 08:13:45 PM

Know anyone who has passed along liberal stories from FB?     )

Another link on that:
246  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Gender, Gay, Lesbian on: May 09, 2016, 07:53:22 PM

They took the urinals off the walls in our hockey locker rooms a few years ago as the sport became more co-ed and now we have to look both ways before showering after playing because of unisex locker rooms.  Eventually we will get sued for exposing in front of young girls or just drive home all sweaty from now on because people can't figure out a bathroom assignment.
247  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: 2016 Presidential, Elizabeth Warren rips Trump on: May 09, 2016, 07:44:32 PM
Maybe you have to be a Dem to realize what a perfect story or phonyness all the way through that this is. Warren delays to endorse either Hillary or Bernie, then shuns Hillary to endorse Sanders after she starts to win, then goes back to Hillary with the street-cred to help bring Sanders voters to Hillary.  Now she auditions for the role of Veep by attacking Trump.

Add Newt or Rudy to the Trump ticket and we will have 4 people in their 70s fighting for the youth vote.

But only one Cherokee.
248  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Truth or Dare with Drumpf, Trump is -46% with suburban women on: May 09, 2016, 07:34:40 PM

"Pat points out that the Cook poll did not predict his victory."

It isn't the pollster, it's the people who are polled that are saying this.

67% of suburban women view Trump unfavorably. 

Is it Cook or suburban women saying that?

"Trump is viewed negatively by 67 percent of suburban women and 63 percent of white women."

This is not the first impression of an unknown.  It is a studied reaction after 12 months of wall to wall coverage of a guy already the most well-known in the country.

I suppose it is so 2012 to think suburban women decide Presidential elections.
249  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Re: Venezuela, Opposition leader assassinated? on: May 09, 2016, 07:05:03 PM
Venezuela, Opposition leader assassinated, shot in the head.  I saw this headline over the weekend.  I thought this is a huge, terrible and startling development.  Now I see almost nothing on it.  A search mostly brings up a previous assassination of an opposition leader.

[Why are we following Venezuela's lead on policies and in returning the Clintons to the White House?]

Looking forward to reports from Denny.

Leader of opposition party in Venezuela assassinated,    May 07, 2016

Venezuelan Opposition Leader Assassinated Days After 1.8 Million Sign Petition To Oust Maduro

Venezuela opposition politician Luis Manuel Diaz killed   (26 November 2015)
250  Politics, Religion, Science, Culture and Humanities / Politics & Religion / Gay, Lesbian, Trans, All-gender bathroom bill passes California Assembly on: May 09, 2016, 06:44:26 PM
It's 2016, peak ISIS, Boko Harem on the rise, droughts, floods, collapsed economies around the world and the lead story is bathroom attendance.  Is this a media issue?

How did gender become a political issue.  Gay bi or otherwise, you are man or you are woman.  No?  What has changed since Adam and Eve in the world of gender??  Is this really that complicated?

I've got an idea, let's have government impose a burden on the private sector every time 0.0% of the people are suddenly up in arms about the way things have always been with no problems..
All-gender bathroom bill passes California Assembly

North Carolina Governor is looking for a federal government solution (PBS News Hour).  Left and right both need to unzip and determine whether or not they have a penis.  A clue to the clueless, most males have an awareness of theirs almost every hour of the day.  We could go on with more clues.  If your erection is measured in inches, you're probably a male.  If you were born as a Gene and now identify as a Jean, you are probably still a guy unless you had work done.  If you think constantly all day about eating p*ssy, you're probably a lesbian, the symbol with the skirt even if you're wearing pants.
Pages: 1 ... 3 4 [5] 6 7 ... 162
Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!