Hüsker Dü
DA
Out of context cherry picking anyone?
Essential Economics for Politicians
- Thread starter Bruddah IZ
- Start date
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- Tags
- finance too
Bruddah IZ
DA
Agree. One would assume you watched what you posted. Lol! Give me the big picture RFG3.
And that fine Tombstone Pepperoni has been downgraded to a Totino's cheese. This is a travesty!!! Although I suppose the poor would do better without pepperoni from a health standpoint.
Hüsker Dü
DA
The poor get no pepperoni, crumbs, that's it . . . and for the last 30+ years those crumbs have been slowly dwindling.
You need to buy larger paper towels.....your tears are drowning out your ill informed
message.
Nancy Pelosi's " Crumbs " are large bonuses to the average Employee of
Employers who are realizing the Tax benefits of the New Tax Plan !
Hey Rat....if you were employed in the Private sector you might have received one of
these bonuses. But your NOT and you are Envious and Jealous as HELL !
Bruddah IZ
DA
Show us.
Hüsker Dü
DA
Circle . . . jerk.
Bruddah IZ
DA
Exactly. Rather than just show us you rattle off your lies.
Your attitude and complicit posting nature is EXACTLY why the Corrupt Criminals in
the Government still exist. You and all the other Liberal posters should hang your head
in shame for what you've supported and enabled to continue within the Federal Govt.
You are trying to destroy a good man and his family because he doesn't go along with
the criminal enterprise you've supported by shilling daily for the Clinton's, Obama's and
all the supporting cast members who have been FLEECING the United States of mine
and every other concerned American citizens hard earned Tax Dollars.
You and the rest of the Liberal supporters are Disgusting Cowards and don't
deserve the classification of Human Being, sewer Rat better serves your
description. Low Down Sewer Rats .....
F'n idiot....
List of companies that paid bonuses or boosted pay since tax bill passed
Adam Shell, USA TODAY
https://www.usatoday.com/story/mone...boosted-pay-since-tax-bill-passed/1023848001/
Over 100 companies giving 'Trump Bonuses' after tax victory, 'tsunami building'
http://www.washingtonexaminer.com/o...-tax-victory-tsunami-building/article/2644944
Companies Are Handing Out Bonuses Thanks to the Tax Law
https://www.nytimes.com/2018/01/03/business/corporate-tax-cut-bonuses-employees.html
Some of the companies giving out raises and bonuses because of tax reform
American corporations are chipper about tax reform. That's been great news for some workers.
http://money.cnn.com/2018/01/11/news/economy/tax-law-raises-bonuses/index.html
Sheriff Joe
DA
These partisan idiots don't want or need fact to make up their empty heads.
Pelosi's 'crumbs'....
Amazon announced its shortlist of the North American cities that are still in the running for its second headquarters on Thursday. Though 238 states, cities, and regions submitted bids, only 20 metros made the final cut.
The company has promised a $5 billion investment and says HQ2 will bring 50,000 jobs, making it one of the largest corporate-civic giveaways in modern American history.
http://www.msn.com/en-us/money/comp...y-the-experts/ss-AAuRIpC?li=BBnb7Kz&ocid=iehp
Amazon announced its shortlist of the North American cities that are still in the running for its second headquarters on Thursday. Though 238 states, cities, and regions submitted bids, only 20 metros made the final cut.
The company has promised a $5 billion investment and says HQ2 will bring 50,000 jobs, making it one of the largest corporate-civic giveaways in modern American history.
http://www.msn.com/en-us/money/comp...y-the-experts/ss-AAuRIpC?li=BBnb7Kz&ocid=iehp
Bruddah IZ
DA
No Stadium Subsidies: Not Even for the Super Bowl
NFL teams can afford to pay for their own stuff.
https://fee.org/articles/no-stadium-subsidies-not-even-for-the-super-bowl/
After the roof of the previous stadium collapsed under the weight of snow, it became clear that some kind of new facility would be needed for the team. Vikings owner Zygi Wilf made it clear that he wanted public subsidies to defray the cost, unveiling a proposal that would have required about $400 million in subsidies. After the state’s House Government Operations and Elections Committee voted it down, he warned that failure to pass a deal could lead to “serious consequences.” He even went so far as to visit Los Angeles, at the time the top relocation possibility for NFL franchises, and policymakers at all levels eventually relented.
The subsidies should be enough to raise eyebrows and elicit concern on their own, but the Vikings stadium went a step further. According to the Minneapolis Star Tribune, government appointees of the Minnesota Sports Facilities Authority who oversee the stadium on behalf of taxpayers, and negotiated the deal, received free tickets to two lower-level luxury suits for all events.
The data on who gets the 36 seats in the suites each game was not made available to the public. The justification given was that the suites are for marketing purposes, and confidentiality is important for booking event spaces, although the appointees admit “friends and family are often in attendance.” The backlash to these revelations was enough to cause the chairwoman and executive director of the board to resign last year and the legislature to pass another bill to tighten oversight of finances and suite use.
NFL teams can afford to pay for their own stuff.
https://fee.org/articles/no-stadium-subsidies-not-even-for-the-super-bowl/
After the roof of the previous stadium collapsed under the weight of snow, it became clear that some kind of new facility would be needed for the team. Vikings owner Zygi Wilf made it clear that he wanted public subsidies to defray the cost, unveiling a proposal that would have required about $400 million in subsidies. After the state’s House Government Operations and Elections Committee voted it down, he warned that failure to pass a deal could lead to “serious consequences.” He even went so far as to visit Los Angeles, at the time the top relocation possibility for NFL franchises, and policymakers at all levels eventually relented.
The subsidies should be enough to raise eyebrows and elicit concern on their own, but the Vikings stadium went a step further. According to the Minneapolis Star Tribune, government appointees of the Minnesota Sports Facilities Authority who oversee the stadium on behalf of taxpayers, and negotiated the deal, received free tickets to two lower-level luxury suits for all events.
The data on who gets the 36 seats in the suites each game was not made available to the public. The justification given was that the suites are for marketing purposes, and confidentiality is important for booking event spaces, although the appointees admit “friends and family are often in attendance.” The backlash to these revelations was enough to cause the chairwoman and executive director of the board to resign last year and the legislature to pass another bill to tighten oversight of finances and suite use.
Sheriff Joe
DA
If they can afford 100 000 000 for social justice they don't need my money.
Correct !
The NFL is a Losing business model at present.
The flywheel affect is no longer in their favor....
Bruddah IZ
DA
A Protectionist is Someone Who…
by Don Boudreaux on February 6, 2018
… upon seeing the additional sales made by pharmaceutical companies during an especially bad flu season concludes that society is enriched by the flu.
… upon seeing the additional income earned by restaurant owners and workers if government imposes a punitive tax on the preparation of home-cooked meals concludes that society is enriched by punitively taxing the preparation of home-cooked meals.
… believes that the artificial creation of more work – that is, the artificial creation of more needs to be satisfied – enriches society.
by Don Boudreaux on February 6, 2018
… upon seeing the additional sales made by pharmaceutical companies during an especially bad flu season concludes that society is enriched by the flu.
… upon seeing the additional income earned by restaurant owners and workers if government imposes a punitive tax on the preparation of home-cooked meals concludes that society is enriched by punitively taxing the preparation of home-cooked meals.
… believes that the artificial creation of more work – that is, the artificial creation of more needs to be satisfied – enriches society.
Bruddah IZ
DA
Here’s a letter to the Wall Street Journal:
You report that America’s “Goods deficit with China hit record $375.2 billion” (“U.S. Trade Deficit Grew to $566 Billion in 2017, Its Widest Mark in Nine Years,” Feb. 6). Unfortunately, this report is inadvertently misleading – and misleading in a way that fuels destructive protectionist sentiment.
First, in our world of nearly 200 countries, one country’s trade deficit with another country is as meaningless as is one individual’s trade deficit with another individual. For the same reason that absolutely no relevant information about my economic health is conveyed by knowledge of the fact that I have a large trade deficit with my plumber (who is one of many people with whom I economically interact), absolutely no relevant information about America’s economic health is conveyed by knowledge of the fact that America has a large trade deficit with China (which is one of many countries with which Americans economically interact).
Second, because 80 percent of the U.S. economy is service-based while no more than half of China’s economy is service-based, it’s unsurprising that we Americans buy more goods from the Chinese than than they buy from us. (Equally unsurprising, by the way, is the reality that the Chinese buy more services from us than we buy from them.) More fundamentally, because services are every bit as economically relevant as are goods, reporting on the U.S. “goods deficit with China” (or with the world, for that matter) makes no more sense than does reporting on, say, the U.S. “things-that-are blue deficit” with China. The dollar value of blue things that we Americans buy from the Chinese might well be greater than is the dollar value of blue things that the Chinese buy from us, but this factoid is obviously of zero relevance. Equally irrelevant – and for the same reason – is the factoid that the dollar value of goods that we buy from the Chinese is greater than is the dollar value of goods that the Chinese buy from us.
Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030
You report that America’s “Goods deficit with China hit record $375.2 billion” (“U.S. Trade Deficit Grew to $566 Billion in 2017, Its Widest Mark in Nine Years,” Feb. 6). Unfortunately, this report is inadvertently misleading – and misleading in a way that fuels destructive protectionist sentiment.
First, in our world of nearly 200 countries, one country’s trade deficit with another country is as meaningless as is one individual’s trade deficit with another individual. For the same reason that absolutely no relevant information about my economic health is conveyed by knowledge of the fact that I have a large trade deficit with my plumber (who is one of many people with whom I economically interact), absolutely no relevant information about America’s economic health is conveyed by knowledge of the fact that America has a large trade deficit with China (which is one of many countries with which Americans economically interact).
Second, because 80 percent of the U.S. economy is service-based while no more than half of China’s economy is service-based, it’s unsurprising that we Americans buy more goods from the Chinese than than they buy from us. (Equally unsurprising, by the way, is the reality that the Chinese buy more services from us than we buy from them.) More fundamentally, because services are every bit as economically relevant as are goods, reporting on the U.S. “goods deficit with China” (or with the world, for that matter) makes no more sense than does reporting on, say, the U.S. “things-that-are blue deficit” with China. The dollar value of blue things that we Americans buy from the Chinese might well be greater than is the dollar value of blue things that the Chinese buy from us, but this factoid is obviously of zero relevance. Equally irrelevant – and for the same reason – is the factoid that the dollar value of goods that we buy from the Chinese is greater than is the dollar value of goods that the Chinese buy from us.
Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030
Bruddah IZ
DA
By all objective measures, NAFTA is working well, for the U.S. economy and the U.S. automotive sector. In 2017, U.S.-based automakers produced 11.1 million cars and light trucks. That number has not declined since NAFTA was enacted in 1994, and is in fact above the average annual output of 10.9 million assemblies during the past 30 years. Real U.S. output of motor vehicles and parts, adjusted for inflation and quality, is up 85 percent since the passage of NAFTA, according the Federal Reserve Board.
Because of NAFTA, domestic U.S. automakers have been able to deploy their supply chain across North America, creating lower-value vehicles and parts in Mexico while concentrating higher-end production here in the United States. The result has been a U.S. auto sector that is able to deliver more affordable and higher quality cars and trucks to American families while competing more effectively in global export markets. In recent years, U.S. exports of motor vehicles have topped 2 million for the first time.
Because of NAFTA, domestic U.S. automakers have been able to deploy their supply chain across North America, creating lower-value vehicles and parts in Mexico while concentrating higher-end production here in the United States. The result has been a U.S. auto sector that is able to deliver more affordable and higher quality cars and trucks to American families while competing more effectively in global export markets. In recent years, U.S. exports of motor vehicles have topped 2 million for the first time.
Bruddah IZ
DA
…. is from Thomas Sowell’s book Intellectuals and Society:
If, at a given time, three-quarters of the consumers prefer to buy the Acme brand of widgets to any other brand, then Acme Inc. will be said to ‘control’ three-quarters of the market, even though consumers control 100 percent of the market, since they can switch to another brand of widgets tomorrow if someone else comes up with a better widget, or stop buying widgets altogether if a new product comes along that makes widgets obsolete.
Another great example of Thomas Sowell’s masterful “idea density” — his ability to pack more insight and wisdom into a single sentence than what is usually contained in an entire paragraph or entire essay of the average writer.
If, at a given time, three-quarters of the consumers prefer to buy the Acme brand of widgets to any other brand, then Acme Inc. will be said to ‘control’ three-quarters of the market, even though consumers control 100 percent of the market, since they can switch to another brand of widgets tomorrow if someone else comes up with a better widget, or stop buying widgets altogether if a new product comes along that makes widgets obsolete.
Another great example of Thomas Sowell’s masterful “idea density” — his ability to pack more insight and wisdom into a single sentence than what is usually contained in an entire paragraph or entire essay of the average writer.