Cynthia Tucker writes Dumbest Article Ever

#101
#101
The notion that workers need protection from companies is interesting - it assumes management will do the wrong thing and workers will do the right thing.
 
#102
#102
Ed12111 said:
That's fair, but that's an argument against how you say unions function not whether they should function.
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I believe unions were necessary in there infancy. The day an employee had to give up a part of their paycheck for what represented a voice to be heard by management is the day they died.

Unions are nothing more than politicians these days.
 
#103
#103
volinbham said:
Ed's arguments are like the Underpants Gnomes - income inequality + ? = major recession; lowered cap gains tax + ? = major recession, etc. etc. Apparently the Econ 101 text fully explains this.
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Double major in economics and accounting father is an economist. Would you like to give your credentials.
 
#104
#104
BigPapaVol said:
We deregulated derivatives? Sounds like you're reading the lefty BS points of the day.
Posted via VolNation Mobile
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That is an indisputable fact. Look at the commodity futures modernization act in 2000 as but one example. Allan Greenspan himself largely behind the push of unregulated securities has admitted(partially) his mistake.
 
#105
#105
VolsNSkinsFan said:
Union Accounting 101:

Assets:
Obama/Pelosi
Uneducated, unmotivated workers
Threats

Liabilities:
aging workforce
unfunded pensions
dying industries

Ed... if you are such a fan of Unions, are you going to join one when/if you graduate?

Do you know if that Union cant find you a job, and you want to go work at McD's flipping burgers, you are blackballed from the Union and any "benefits" are revoked
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I would have no problem joining a union if it were available to me. Don't forget professional associations like the bar or medical boards are offshoots of unions.
 
#106
#106
Ed12111 said:
Because libertarianism like communism has only ever worked in theory. The sad fact is people need a government.
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I thought it was a phase everyone went through in their late teens, and quickly moved on from. Guess not.

Real funny when they don't even consider lowering the defense budget.
 
#107
#107
MontereyVol said:
I believe unions were necessary in there infancy. The day an employee had to give up a part of their paycheck for what represented a voice to be heard by management is the day they died.

Unions are nothing more than politicians these days.
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How would you suggest they pay for legal representation. Wal-mart and Microsoft all have lawyers too who do you think pays for that? The employees and the the consumers unknowingly pay for it. Nothing is free.
 
#109
#109
VolBurgers said:
I thought it was a phase everyone went through in their late teens, and quickly moved on from. Guess not.

Real funny when they don't even consider lowering the defense budget.
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Libertarians are overwhelmingly white and at least middle class. Often times kids in private school and health insurance through their work. They want the government to provide only things they need like a military or police protection. They consider it outrageous the government could do healthcare or education cause they already got theirs.

Edit: Apparently they don't mind government run universities either.
 
#110
#110
Ed12111 said:
Double major in economics and accounting father is an economist. Would you like to give your credentials.
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To some extent credentials are tangental but since you asked, 3 degrees in business including an MBA and PhD. I'm sure I've taken more econ (undergrad and grad) than you but as I said that is tangental.

You've made claims that Bush tax cuts caused the recession but have shown no causal linkage between tax cuts and recessions in general nor for this one in particular. Ironically, tax cuts are often used as fiscal policy to ease recessions yet you imply they caused this recession then get a mix between pissy and high and mighty (credentials) when asked to show the causal chain.

Likewise, you use the vague term "deregulation" as a cause. You've been asked to specify which specific deregulatory moves led to this recession and again fall back on Econ 101.

I doubt your dad could get away with such generalized statements. Put up with specifics or admit you've just heard that Rs did it so you believe it to be true.
 
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#111
#111
Ed12111 said:
Libertarians are overwhelmingly white and at least middle class. Often times kids in private school and health insurance through their work. They want the government to provide only things they need like a military or police protection. They consider it outrageous the government could do healthcare or education cause they already got theirs.

Edit: Apparently they don't mind government run universities either.
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Let me guess, your mom is a PolySci prof.

You sure love to throw out general statemtents.
 
#113
#113
volinbham said:
To some extent credentials are tangental but since you asked, 3 degrees in business including and MBA and PhD. I'm sure I've taken more econ (undergrad and grad) than you but as I said that is tangental.

You've made claims that Bush tax cuts caused the recession but have shown no causal linkage between tax cuts and recessions in general nor for this one in particular. Ironically, tax cuts are often used as fiscal policy to ease recessions yet you imply they caused this recession then get a mix between pissy and high and mighty (credentials) when asked to show the causal chain.

Likewise, you use the vague term "deregulation" as a cause. You've been asked to specify which specific deregulatory moves led to this recession and again fall back on Econ 101.

I doubt your dad could get away with such generalized statements. Put up with specifics or admit you've just heard that Rs did it so you believe it to be true.
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What a steaming pile of nonsense on many levels. 1. I've given two specific deregulatory acts. 2. The hell, you want me to show a causal link? I should write some 600 page economic report on a college football blog? Interesting I'm the only one expected to show a causal link. 3. "tax cuts are used to ease recessions" with great success huh.
The dude would be disappointed.
 
#114
#114
Ed12111 said:
Libertarians are overwhelmingly white and at least middle class. Often times kids in private school and health insurance through their work. They want the government to provide only things they need like a military or police protection. They consider it outrageous the government could do healthcare or education cause they already got theirs.

Edit: Apparently they don't mind government run universities either.
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and the idealistic college student from a middle-class family who has yet to hold a real job yet is convinced the system is not fair and people need a handout just to keep up with the big, bad corporations. See how easy this can be?
 
#115
#115
Ed12111 said:
What a steaming pile of nonsense on many levels. 1. I've given two specific deregulatory acts. 2. The hell, you want me to show a causal link? I should write some 600 page economic report on a college football blog? Interesting I'm the only one expected to show a causal link. 3. "tax cuts are used to ease recessions" with great success huh.
The dude would be disappointed.
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Are tax cuts recommended and used as a tool during recessionary periods yes or no?

If yes, why would cutting taxes cause a recession (as you claimed) particularly 5 years after those cuts were enacted.

No need for a 600 page report - explain the mechanism; you could do it in a paragraph if you knew the answer.
 
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#117
#117
volinbham said:
Are tax cuts recommended and used as a tool during recessionary periods yes or no?

If yes, why would cutting taxes cause a recession (as you claimed).

No need for a 600 page report - explain the mechanism; you could do it in a paragraph if you knew the answer.
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More deflectionary nonsense. i claimed that tax cuts for the wealthy caused unprecedented income inequality(I'd love for you to debate that), and that deregulation of the financial sector was in large part responsible for the recession. I was even kind enough to point out two specific deregulatory acts(despite you saying otherwise) and linked it the fall of Bear etc..
 
#118
#118
Causal link RE the depression. The expansion of Fannie and Freddie shielded lenders from the full risk of their loans thus encouraging more risky loans. Coupled with easy money from the Fed (historically low interest rates) and government policies (clinton and dems equally with bush and repubs) encouraged even riskier loans without proper risk identification. Attempts to increase oversight of F&F were thwarted by Dems. Together these contributed to a housing bubble built on bad loans that were incentivized by govt policy of as much Dem's making as Reps making.

That didn't take 600 pages now did it? Not the only cause but significant factors in the current situation.
 
#119
#119
Ed12111 said:
Doesn't really have anything to do with polisci. Any part of that in particular you'd like to disagree with.
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Of course it's poly sci

Disagreement areas
1) doubtful most libertarians private school their kids - at least any more than Ds or Rs
2) most Rs and Ds are middle class and white so that is a meaningless characterization
3) I have no idea how libertarians feel about govt sponsored universities

It's a blanket generalization - those rarely are accurate.
 
#120
#120
Ed12111 said:
How would you suggest they pay for legal representation. Wal-mart and Microsoft all have lawyers too who do you think pays for that? The employees and the the consumers unknowingly pay for it. Nothing is free.
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Why legal representation? If they strongly disagree with a decision made by management they take a vote amongst all members and strike.
 
#121
#121
volinbham said:
Causal link RE the depression. The expansion of Fannie and Freddie shielded lenders from the full risk of their loans thus encouraging more risky loans. Coupled with easy money from the Fed (historically low interest rates) and government policies (clinton and dems equally with bush and repubs) encouraged even riskier loans without proper risk identification. Attempts to increase oversight of F&F were thwarted by Dems. Together these contributed to a housing bubble built on bad loans that were incentivized by govt policy of as much Dem's making as Reps making.

That didn't take 600 pages now did it? Not the only cause but significant factors in the current situation.
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Right, but that is conservative claptrap espoused by the likes of Beck, not something anyone with a business PHD would come up with.
 
#123
#123
utvolpj said:
and the idealistic college student from a middle-class family who has yet to hold a real job yet is convinced the system is not fair and people need a handout just to keep up with the big, bad corporations. See how easy this can be?
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Except mine is verifiable fact, and yours is from your imagination. Look up the demographics of libertarians.
Handouts? lol
 
#124
#124
Ed12111 said:
More deflectionary nonsense. i claimed that tax cuts for the wealthy caused unprecedented income inequality(I'd love for you to debate that), and that deregulation of the financial sector was in large part responsible for the recession. I was even kind enough to point out two specific deregulatory acts(despite you saying otherwise) and linked it the fall of Bear etc..
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Your quote

2. The Bush tax cuts that even during expansion created no gains or negative gains in income for the majority of the country ( first time in American History), and then started the worst recession in 80 years.
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you claimed the Bush tax cuts started the worst recession in 80 years; presumably via income inequality.

Let's start there. what is the causal link between the income inequality (that occured in the last 5 years) and this recession?
 
#125
#125
volinbham said:
don't watch Beck. what parts are wrong?
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The entire bit about the expansion of Fannie. What a lame attempt to blame the poor. Wall street was just a poor innocent bystander and these knucklehead poors thought they deserved homeownership. The creation of countless trillions in CDO's backed by money that didn't exist and pushed off on ignorant investors had nothing to do with the recession. Nope it was because the government slightly encouraged homeownership.
 
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