Essential Economics for Politicians

[Bruddah IZ]

When somebody sits in judgment of all others on issues of finance and economics and they seem not to have any idea of what they’re talking about other than spouting weirdo theories from pop culture books and articles, you wonder if they have any experience with such matters. It appears he does not.
His views and “judgments” are all backwards and bear no relation to individual or social economic and financial real world situations. Now I know why. He’s had no real world situations. And he has no investments. But he judges like a mofo!

Finance and Econ are your judges. If you canʻt do a simple ROA or ROE calculation, much less know what the acronym stands for, that is your judge. Deal with it. If you donʻt understand collateralized debt is not an asset, that is your judge. The real world judges you, not me.

 

[Bruddah IZ]

Because dizzy is a hypocrite.

The ramblings of a union boy at the bottom of his union roster.

 

[Bruddah IZ]

He has tried to explain it himself. It makes no sense. Not to you, either.
Something about the VA and "redundancies." Hilarious. Total non-job.

”Something about”..... this is why you Fries U grads fail in life. You miss the details. Please continue.

 

[Sheriff Joe]

”Something about”..... this is why you Fries U grads fail in life. You miss the details. Please continue.

What did you do to these self proclaimed smart guys?

 

[Bruddah IZ]

I like the idea of the economist welder here, joining forces with the climatologist plumber.
It’s our non-expert idiocracy in bloom, right here in our little website.

Somebody had to raise the standards in this website. Damn Fries U grads canʻt even pass the ASVAB much less take an oath to be more than a coward all their lives.

 

[Sheriff Joe]

Finance and Econ are your judges. If you canʻt do a simple ROA or ROE calculation, much less know what the acronym stands for, that is your judge. Deal with it. If you donʻt understand collateralized debt is not an asset, that is your judge. The real world judges you, not me.

Please don't confuse them anymore.

 

[Bruddah IZ]

Please don't confuse them anymore.

Never intentional but I must admit.

 

[Booter]

social programs and socialist are not the same thing bootsie. Just like Venezuela and U.S. are not the same thing.

Now we're getting somewhere!!! In our great nation the means of production remains securely in the hands of private capital. Private capital is the chief employer in the U.S., not the government. The U.S. government is simply the point of transfer and distribution of taxes paid to provide the programs and federal infrastructure necessary in a large and complex society and economy as we are. Private capital cannot be relied upon to provide needed safety nets or security, in most cases. Albeit labor unions can promote these things.

Ours is a balance between public and private. Maintaining that balance is the challenge we face, as many on the right want to tip the balance in favor of the private at the expense of the public, and the left wants to maintain a balance that benefits all.

 

[Multi Sport]

Now we're getting somewhere!!! In our great nation the means of production remains securely in the hands of private capital. Private capital is the chief employer in the U.S., not the government. The U.S. government is simply the point of transfer and distribution of taxes paid to provide the programs and federal infrastructure necessary in a large and complex society and economy as we are. Private capital cannot be relied upon to provide needed safety nets or security, in most cases. Albeit labor unions can promote these things.

Ours is a balance between public and private. Maintaining that balance is the challenge we face, as many on the right want to tip the balance in favor of the private at the expense of the public, and the left wants to maintain a balance that benefits all.

Expand on that thought...

 

[Sheriff Joe]

Expand on that thought...

He used all that up.

 

[Multi Sport]

Ours is a balance between public and private. Maintaining that balance is the challenge we face, as many on the right want to tip the balance in favor of the private at the expense of the public, and the left wants to maintain a balance that benefits all.

Explain this part more..

 

[Hüsker Dü]

Now we're getting somewhere!!! In our great nation the means of production remains securely in the hands of private capital. Private capital is the chief employer in the U.S., not the government. The U.S. government is simply the point of transfer and distribution of taxes paid to provide the programs and federal infrastructure necessary in a large and complex society and economy as we are. Private capital cannot be relied upon to provide needed safety nets or security, in most cases. Albeit labor unions can promote these things.

Ours is a balance between public and private. Maintaining that balance is the challenge we face, as many on the right want to tip the balance in favor of the private at the expense of the public, and the left wants to maintain a balance that benefits all.

dizzy has argued around in a circle back on himself and is now biting on his own tail, predictably.

 

[Sheriff Joe]

Pathetic: Divided House Dems Won't Even Try to Pass a Budget, Demand Across-the-Board Spending Increases
Guy Benson | @guypbenson | April 04, 2019


on motions to recommit (will any Democrats sign onto a GOP-led discharge petitionto force an anti-infanticide vote?), followed by a disgraceful and shambolic attempt to condemn anti-Semitism within their ranks. With hardcore progressives now going to war with the DCCC over its incumbent protection policies, and Pelosi tossing cold water on radical proposals like the Green New Deal and single-payer healthcare, it looks like House leadership has decided that attempting to craft and introduce an annual budget would rip their caucus apart. So they're not going to try. Governance:


Democrats are finally in charge of the House. But they’re likely to skip one of their most fundamental responsibilities: passing a budget. Eager to steer clear of another public intraparty battle, House Democrats are expected to avoid a vote on a budget this year, multiple Democratic lawmakers and aides tell POLITICO. House Democrats are still drafting a budget, which would offer their first chance as a new majority to formally outline their broader agenda. But the resolution — which is purely a political messaging document and is not signed into law — would also stoke major ideological clashes within the caucus over “Medicare for All,” the “Green New Deal” and defense spending...Indeed, in a worst-case scenario for Speaker Nancy Pelosi and her party, the budget could be an embarrassing flop on the House floor...Most Democrats say publicly they want a chance to vote on their party’s fiscal blueprint after eight years of rejecting GOP budgets. Privately, however, lawmakers and aides say that a budget is unlikely to come for a final vote. It’s an acknowledgment of the divisions within the caucus even on key principles, and a sign of how difficult it will be to craft actual legislation in the months to come.

For years, Pelosi repeatedly attacked Republican-produced budgets by calling them a reflection of core values. The GOP is calling her out:



Despite intense internal disagreements and disparate agendas, recent Republican majorities managed to produce budgets. Congress is, in fact, required by law to pass budgets annually. Pelosi's Democrats won't even try because their ideological rifts are too deep. This is a pitiful abdication of responsibility, a political dodge, and a poor reflection on their seriousness as legislators. "Show me your budget, show me your values," Pelosi intoned, over and over again. Where is her party's budget? Where are their values? Apparently, they can't agree on these fundamental questions, so they're punting. It's worth pointing out that Senate Democrats took the same craven approach for four consecutive years (2010-2014) when they were most recently in the majority, at the behest of Chuck Schumer. The point was to shield members from tough votes. They ended up losing control of the upper chamber anyway. Rather than offering voters a blueprint of what they would like to do with the federal budget (leftists want wild spending, moderates are worried about taxes and GOP attacks), House Democrats are merely signaling that they want large, automatic spending increases -- with no details or priorities specified:

House Democrats formally punted on releasing a budget blueprint on Tuesday, instead unveiling a bill that would increase military and domestic spending caps by more than $350 billion over the next two years. The proposal frustrated fiscal hawks on both sides of the aisle and Democrats on the party’s left flank who balked at the prospect of increasing military spending. It also meant that House Democrats, without a blueprint to counter the one the Trump administration released last month, had effectively opted out of outlining their own budget priorities in the face of a divided government and division within their caucus.

 

[Booter]

Expand on that thought...

Make sure you read it all.

Under President Obama’s leadership, and thanks to the hard work and determination of the American people, we have come a long way from the Great Recession and the Republican policies that triggered it. American businesses have now added 14.8 million jobs since private-sector job growth turned positive in early 2010. Twenty million people have gained health insurance coverage. The American auto industry just had its best year ever. And we are getting more of our energy from the sun and wind, and importing less oil from overseas.

But too many Americans have been left out and left behind. They are working longer hours with less security. Wages have barely budged and the racial wealth gap remains wide, while the cost of everything from childcare to a college education has continued to rise. And for too many families, the dream of homeownership is out of reach. As working people struggle, the top one percent accrues more wealth and more power. Republicans in Congress have chosen gridlock and dysfunction over trying to find solutions to the real challenges we face. It’s no wonder that so many feel like the system is rigged against them.

Democrats believe that cooperation is better than conflict, unity is better than division, empowerment is better than resentment, and bridges are better than walls.

It’s a simple but powerful idea: we are stronger together.

Democrats believe we are stronger when we have an economy that works for everyone—an economy that grows incomes for working people, creates good-paying jobs, and puts a middle-class life within reach for more Americans. Democrats believe we can spur more sustainable economic growth, which will create good-paying jobs and raise wages. And we can have more economic fairness, so the rewards are shared broadly, not just with those at the top. We need an economy that prioritizes long-term investment over short-term profit-seeking, rewards the common interest over self-interest, and promotes innovation and entrepreneurship.

We believe that today’s extreme level of income and wealth inequality—where the majority of the economic gains go to the top one percent and the richest 20 people in our country own more wealth than the bottom 150 million—makes our economy weaker, our communities poorer, and our politics poisonous.

And we know that our nation’s long struggle with race is far from over. More than half a century after Rosa Parks sat and Dr. King marched and John Lewis bled, more than half a century after César Chávez, Dolores Huerta, and Larry Itliong organized, race still plays a significant role in determining who gets ahead in America and who gets left behind. We must face that reality and we must fix it.

We believe a good education is a basic right of all Americans, no matter what zip code they live in. We will end the school-to-prison pipeline and build a cradle-to-college pipeline instead, where every child can live up to his or her God-given potential.

We believe in helping Americans balance work and family without fear of punishment or penalty. We believe in at last guaranteeing equal pay for women. And as the party that created Social Security, we believe in protecting every American’s right to retire with dignity.

We firmly believe that the greed, recklessness, and illegal behavior on Wall Street must be brought to an end. Wall Street must never again be allowed to threaten families and businesses on Main Street.

Democrats believe we are stronger when we protect citizens’ right to vote, while stopping corporations’ outsized influence in elections. We will fight to end the broken campaign finance system, overturn the disastrous Citizens United decision, restore the full power of the Voting Rights Act, and return control of our elections to the American people.

Democrats believe that climate change poses a real and urgent threat to our economy, our national security, and our children’s health and futures, and that Americans deserve the jobs and security that come from becoming the clean energy superpower of the 21st century.

Democrats believe we are stronger and safer when America brings the world together and leads with principle and purpose. We believe we should strengthen our alliances, not weaken them. We believe in the power of development and diplomacy. We believe our military should be the best-trained, best-equipped fighting force in the world, and that we must do everything we can to honor and support our veterans. And we know that only the United States can mobilize common action on a truly global scale, to take on the challenges that transcend borders, from international terrorism to climate change to health pandemics.

Above all, Democrats are the party of inclusion. We know that diversity is not our problem—it is our promise. As Democrats, we respect differences of perspective and belief, and pledge to work together to move this country forward, even when we disagree. With this platform, we do not merely seek common ground—we strive to reach higher ground.

We are proud of our heritage as a nation of immigrants. We know that today’s immigrants are tomorrow’s teachers, doctors, lawyers, government leaders, soldiers, entrepreneurs, activists, PTA members, and pillars of our communities.

We believe in protecting civil liberties and guaranteeing civil rights and voting rights, women’s rights and workers’ rights, LGBT rights, and rights for people with disabilities. We believe America is still, as Robert Kennedy said, “a great country, an unselfish country, and a compassionate country.”

These principles stand in sharp contrast to the Republicans, who have nominated as the standard-bearer for their party and their candidate for President a man who seeks to appeal to Americans’ basest differences, rather than our better natures.

The stakes have been high in previous elections. But in 2016, the stakes can be measured in human lives—in the number of immigrants who would be torn from their homes; in the number of faithful and peaceful Muslims who would be barred from even visiting our shores; in the number of allies alienated and dictators courted; in the number of Americans who would lose access to health care and see their rights ripped away.

This election is about more than Democrats and Republicans. It is about who we are as a nation, and who we will be in the future.

Two hundred and forty years ago, in Philadelphia, we started a revolution of ideas and of action that continues to this day. Since then, our union has been tested many times, through bondage and civil war, segregation and depression, two world wars and the threat of nuclear annihilation. Generations of Americans fought and marched and organized to widen the circle of opportunity and dignity—and we are fighting still.

Despite what some say, America is and has always been great—but not because it has been perfect. What makes America great is our unerring belief that we can make it better. We can and we will build a more just economy, a more equal society, and a more perfect union—because we are stronger together.

 

[Bruddah IZ]

Now we're getting somewhere!!! In our great nation the means of production remains securely in the hands of private capital. Private capital is the chief employer in the U.S., not the government. The U.S. government is simply the point of transfer and distribution of taxes paid to provide the programs and federal infrastructure necessary in a large and complex society and economy as we are. Private capital cannot be relied upon to provide needed safety nets or security, in most cases. Albeit labor unions can promote these things.

Ours is a balance between public and private. Maintaining that balance is the challenge we face, as many on the right want to tip the balance in favor of the private at the expense of the public, and the left wants to maintain a balance that benefits all.

Clueless old debunked argument.

 

[Bruddah IZ]

Make sure you read it all.

Under President Obama’s leadership, and thanks to the hard work and determination of the American people, we have come a long way from the Great Recession and the Republican policies that triggered it. American businesses have now added 14.8 million jobs since private-sector job growth turned positive in early 2010. Twenty million people have gained health insurance coverage. The American auto industry just had its best year ever. And we are getting more of our energy from the sun and wind, and importing less oil from overseas.

But too many Americans have been left out and left behind. They are working longer hours with less security. Wages have barely budged and the racial wealth gap remains wide, while the cost of everything from childcare to a college education has continued to rise. And for too many families, the dream of homeownership is out of reach. As working people struggle, the top one percent accrues more wealth and more power. Republicans in Congress have chosen gridlock and dysfunction over trying to find solutions to the real challenges we face. It’s no wonder that so many feel like the system is rigged against them.

Democrats believe that cooperation is better than conflict, unity is better than division, empowerment is better than resentment, and bridges are better than walls.

It’s a simple but powerful idea: we are stronger together.

Democrats believe we are stronger when we have an economy that works for everyone—an economy that grows incomes for working people, creates good-paying jobs, and puts a middle-class life within reach for more Americans. Democrats believe we can spur more sustainable economic growth, which will create good-paying jobs and raise wages. And we can have more economic fairness, so the rewards are shared broadly, not just with those at the top. We need an economy that prioritizes long-term investment over short-term profit-seeking, rewards the common interest over self-interest, and promotes innovation and entrepreneurship.

We believe that today’s extreme level of income and wealth inequality—where the majority of the economic gains go to the top one percent and the richest 20 people in our country own more wealth than the bottom 150 million—makes our economy weaker, our communities poorer, and our politics poisonous.

And we know that our nation’s long struggle with race is far from over. More than half a century after Rosa Parks sat and Dr. King marched and John Lewis bled, more than half a century after César Chávez, Dolores Huerta, and Larry Itliong organized, race still plays a significant role in determining who gets ahead in America and who gets left behind. We must face that reality and we must fix it.

We believe a good education is a basic right of all Americans, no matter what zip code they live in. We will end the school-to-prison pipeline and build a cradle-to-college pipeline instead, where every child can live up to his or her God-given potential.

We believe in helping Americans balance work and family without fear of punishment or penalty. We believe in at last guaranteeing equal pay for women. And as the party that created Social Security, we believe in protecting every American’s right to retire with dignity.

We firmly believe that the greed, recklessness, and illegal behavior on Wall Street must be brought to an end. Wall Street must never again be allowed to threaten families and businesses on Main Street.

Democrats believe we are stronger when we protect citizens’ right to vote, while stopping corporations’ outsized influence in elections. We will fight to end the broken campaign finance system, overturn the disastrous Citizens United decision, restore the full power of the Voting Rights Act, and return control of our elections to the American people.

Democrats believe that climate change poses a real and urgent threat to our economy, our national security, and our children’s health and futures, and that Americans deserve the jobs and security that come from becoming the clean energy superpower of the 21st century.

Democrats believe we are stronger and safer when America brings the world together and leads with principle and purpose. We believe we should strengthen our alliances, not weaken them. We believe in the power of development and diplomacy. We believe our military should be the best-trained, best-equipped fighting force in the world, and that we must do everything we can to honor and support our veterans. And we know that only the United States can mobilize common action on a truly global scale, to take on the challenges that transcend borders, from international terrorism to climate change to health pandemics.

Above all, Democrats are the party of inclusion. We know that diversity is not our problem—it is our promise. As Democrats, we respect differences of perspective and belief, and pledge to work together to move this country forward, even when we disagree. With this platform, we do not merely seek common ground—we strive to reach higher ground.

We are proud of our heritage as a nation of immigrants. We know that today’s immigrants are tomorrow’s teachers, doctors, lawyers, government leaders, soldiers, entrepreneurs, activists, PTA members, and pillars of our communities.

We believe in protecting civil liberties and guaranteeing civil rights and voting rights, women’s rights and workers’ rights, LGBT rights, and rights for people with disabilities. We believe America is still, as Robert Kennedy said, “a great country, an unselfish country, and a compassionate country.”

These principles stand in sharp contrast to the Republicans, who have nominated as the standard-bearer for their party and their candidate for President a man who seeks to appeal to Americans’ basest differences, rather than our better natures.

The stakes have been high in previous elections. But in 2016, the stakes can be measured in human lives—in the number of immigrants who would be torn from their homes; in the number of faithful and peaceful Muslims who would be barred from even visiting our shores; in the number of allies alienated and dictators courted; in the number of Americans who would lose access to health care and see their rights ripped away.

This election is about more than Democrats and Republicans. It is about who we are as a nation, and who we will be in the future.

Two hundred and forty years ago, in Philadelphia, we started a revolution of ideas and of action that continues to this day. Since then, our union has been tested many times, through bondage and civil war, segregation and depression, two world wars and the threat of nuclear annihilation. Generations of Americans fought and marched and organized to widen the circle of opportunity and dignity—and we are fighting still.

Despite what some say, America is and has always been great—but not because it has been perfect. What makes America great is our unerring belief that we can make it better. We can and we will build a more just economy, a more equal society, and a more perfect union—because we are stronger together.

6 straight years of QE under Obama is not growth unless youʻre talking about the near doubling of the national debt.

 

[messy]

Clueless old debunked argument.

What “argument” are you talking about?
You must have been replying to a different post than the one you linked. Booter didn’t make an argument.

 

[Hüsker Dü]

What “argument” are you talking about?
You must have been replying to a different post than the one you linked. Booter didn’t make an argument.

Dizzy don't care, he just spins to argue and argues to spin. He's an "anti", it's what he does . . . all the while ignoring the hypocrisy within his argument.

 

[Booter]

6 straight years of QE under Obama is not growth unless youʻre talking about the near doubling of the national debt.

The funny thing is all that money I made on investments during the Obama years does not have an asterisk on it.

We all know how sad you are that we never had another Great Depression.

 

[Multi Sport]

Make sure you read it all.

Under President Obama’s leadership, and thanks to the hard work and determination of the American people, we have come a long way from the Great Recession and the Republican policies that triggered it. American businesses have now added 14.8 million jobs since private-sector job growth turned positive in early 2010. Twenty million people have gained health insurance coverage. The American auto industry just had its best year ever. And we are getting more of our energy from the sun and wind, and importing less oil from overseas.

But too many Americans have been left out and left behind. They are working longer hours with less security. Wages have barely budged and the racial wealth gap remains wide, while the cost of everything from childcare to a college education has continued to rise. And for too many families, the dream of homeownership is out of reach. As working people struggle, the top one percent accrues more wealth and more power. Republicans in Congress have chosen gridlock and dysfunction over trying to find solutions to the real challenges we face. It’s no wonder that so many feel like the system is rigged against them.

Democrats believe that cooperation is better than conflict, unity is better than division, empowerment is better than resentment, and bridges are better than walls.

It’s a simple but powerful idea: we are stronger together.

Democrats believe we are stronger when we have an economy that works for everyone—an economy that grows incomes for working people, creates good-paying jobs, and puts a middle-class life within reach for more Americans. Democrats believe we can spur more sustainable economic growth, which will create good-paying jobs and raise wages. And we can have more economic fairness, so the rewards are shared broadly, not just with those at the top. We need an economy that prioritizes long-term investment over short-term profit-seeking, rewards the common interest over self-interest, and promotes innovation and entrepreneurship.

We believe that today’s extreme level of income and wealth inequality—where the majority of the economic gains go to the top one percent and the richest 20 people in our country own more wealth than the bottom 150 million—makes our economy weaker, our communities poorer, and our politics poisonous.

And we know that our nation’s long struggle with race is far from over. More than half a century after Rosa Parks sat and Dr. King marched and John Lewis bled, more than half a century after César Chávez, Dolores Huerta, and Larry Itliong organized, race still plays a significant role in determining who gets ahead in America and who gets left behind. We must face that reality and we must fix it.

We believe a good education is a basic right of all Americans, no matter what zip code they live in. We will end the school-to-prison pipeline and build a cradle-to-college pipeline instead, where every child can live up to his or her God-given potential.

We believe in helping Americans balance work and family without fear of punishment or penalty. We believe in at last guaranteeing equal pay for women. And as the party that created Social Security, we believe in protecting every American’s right to retire with dignity.

We firmly believe that the greed, recklessness, and illegal behavior on Wall Street must be brought to an end. Wall Street must never again be allowed to threaten families and businesses on Main Street.

Democrats believe we are stronger when we protect citizens’ right to vote, while stopping corporations’ outsized influence in elections. We will fight to end the broken campaign finance system, overturn the disastrous Citizens United decision, restore the full power of the Voting Rights Act, and return control of our elections to the American people.

Democrats believe that climate change poses a real and urgent threat to our economy, our national security, and our children’s health and futures, and that Americans deserve the jobs and security that come from becoming the clean energy superpower of the 21st century.

Democrats believe we are stronger and safer when America brings the world together and leads with principle and purpose. We believe we should strengthen our alliances, not weaken them. We believe in the power of development and diplomacy. We believe our military should be the best-trained, best-equipped fighting force in the world, and that we must do everything we can to honor and support our veterans. And we know that only the United States can mobilize common action on a truly global scale, to take on the challenges that transcend borders, from international terrorism to climate change to health pandemics.

Above all, Democrats are the party of inclusion. We know that diversity is not our problem—it is our promise. As Democrats, we respect differences of perspective and belief, and pledge to work together to move this country forward, even when we disagree. With this platform, we do not merely seek common ground—we strive to reach higher ground.

We are proud of our heritage as a nation of immigrants. We know that today’s immigrants are tomorrow’s teachers, doctors, lawyers, government leaders, soldiers, entrepreneurs, activists, PTA members, and pillars of our communities.

We believe in protecting civil liberties and guaranteeing civil rights and voting rights, women’s rights and workers’ rights, LGBT rights, and rights for people with disabilities. We believe America is still, as Robert Kennedy said, “a great country, an unselfish country, and a compassionate country.”

These principles stand in sharp contrast to the Republicans, who have nominated as the standard-bearer for their party and their candidate for President a man who seeks to appeal to Americans’ basest differences, rather than our better natures.

The stakes have been high in previous elections. But in 2016, the stakes can be measured in human lives—in the number of immigrants who would be torn from their homes; in the number of faithful and peaceful Muslims who would be barred from even visiting our shores; in the number of allies alienated and dictators courted; in the number of Americans who would lose access to health care and see their rights ripped away.

This election is about more than Democrats and Republicans. It is about who we are as a nation, and who we will be in the future.

Two hundred and forty years ago, in Philadelphia, we started a revolution of ideas and of action that continues to this day. Since then, our union has been tested many times, through bondage and civil war, segregation and depression, two world wars and the threat of nuclear annihilation. Generations of Americans fought and marched and organized to widen the circle of opportunity and dignity—and we are fighting still.

Despite what some say, America is and has always been great—but not because it has been perfect. What makes America great is our unerring belief that we can make it better. We can and we will build a more just economy, a more equal society, and a more perfect union—because we are stronger together.

Are these your words or a copy and paste from?

I asked you to expand on your thoughts about "the left maintaining a balance that benefits us all."

Maintaining huh... Does this include illegals getting the full benefits of our Healthcare System? Does this include people who chose not to work even though they are fully capable but would rather receive a government handout? Does this include a balance of benefits for the unborn? Does this include maintaining a balance of freedom of speech at colleges across the country?