Peter Schiff and the Austrians were DEAD WRONG!!!

[akphidelt]

What I find hilarious is the big tough conservatives care so much about people who have given up looking for work.

Regardless of your fallacy of labor force participation rates, dumbass Austrians like Peter Schiff have been wrong about everything after the collapse. Because they have a retarded view of how economies work.

 

[SheriffJoe]

Free market economy = full employment

Keynesian economy = high unemployment

Another example where Keynesian central planning is a total failure.

 

[akphidelt]

Free market economy = full employment

Keynesian economy = high unemployment

Another example where Keynesian central planning is a total failure.

Your voices are just making stuff up again.

 

[Dave007inVegas]

This thread is just another example of.....

 

[SheriffJoe]

 

[akphidelt]

That's more your style... cartoons. Although, that particular comic strip is hilarious, it's amazing how easily you guys can convince yourselves that your failed ideology works.

 

[akphidelt]

My economic theories are backed by rigorous studies, math, logic, education, and understanding of the moving parts and how they interact within the system.

Your economic theories are backed by your thoughts and ridiculous philosophical talking points. It's a theory for dumb people because it's easy to understand for someone who has no real knowledge of economics.

Probably why most people who agree with your thoughts are really dumb conservatives.

 

[SheriffJoe]

32 Statistics That Obama Neglected To Mention During The State Of The Union Address

By Michael Snyder, on January 29th, 2014

Show this article to anyone that believes that the economy has actually improved under Barack Obama. On Tuesday evening, Barack Obama once again attempted to convince all of us that things have gotten better while he has been in the White House. He quoted a few figures, used some flowery language and made a whole bunch of new promises. And even though he has failed to follow through on his promises time after time, millions upon millions of Americans continue to believe him. In fact, you can find a list of 82 unfulfilled promises from his previous State of the Union addresses right here. Soon we will have even more to add to that collection. At this point, you have to wonder if Obama even believes half the stuff that he is saying.

Of course it is extremely unlikely that he is going to come out and admit that he has failed and that he has been lying to us this whole time, but without a doubt the gap between reality and what he is saying to the public is becoming ridiculously huge. To say that his credibility is "strained" would be a massive understatement. No, things have not been getting better in America. In fact, they continue to get even worse. The following are 32 statistics that Obama neglected to mention during the State of the Union address...

#1 According to a recent NBC News/Wall Street Journal poll, only 28 percent of all Americans believe that the country is moving in the right direction.

#2 In 2008, 53 percent of all Americans considered themselves to be "middle class". In 2014, only 44 percent of all Americans consider themselves to be "middle class".

#3 In 2008, 25 percent of all Americans in the 18 to 29-year-old age bracket considered themselves to be "lower class". In 2014, an astounding 49 percent of them do.

#4 Right now there is approximately a billion square feet of vacant retail space in the United States.

#5 There are 46.5 million Americans that are living in poverty, and the poverty rate in America has been at 15 percent or above for 3 consecutive years. That is the first time that has happened since 1965.

#6 Barack Obama says that the unemployment rate has declined to 6.7 percent, but if the labor force participation rate was at the long-term average it would actually be approximately 11.5 percent, and it has stayed at about that level since the end of the last recession.

#7 While Barack Obama has been in the White House, the number of Americans on food stamps has gone from 32 million to 47 million.

#8 While Barack Obama has been in the White House, the percentage of working age Americans that are actually working has declined from 60.6 percent to 58.6 percent.

#9 While Barack Obama has been in the White House, the average duration of unemployment in the United States has risen from 19.8 weeks to 37.1 weeks.

#10 While Barack Obama has been in the White House, social benefits as a percentage of real disposable income has risen from about 17 percent to nearly 21 percent.

#11 While Barack Obama has been in the White House, the rate of homeownership in the United States has fallen to levels that we have not seen in nearly two decades.

#12 While Barack Obama has been in the White House, median household income in the United States has fallen for five years in a row.

#13 While Barack Obama has been in the White House, the average cost of a gallon of gasoline has gone from $1.85 to $3.27.

#14 At the end of Barack Obama's first year in office, our yearly trade deficit with China was 226 billion dollars. Now it is over 300 billion dollars.

#15 Workers are taking home the smallest share of the income pie that has ever been recorded.

#16 Sadly, 1,687,000 fewer Americans have jobs today compared to exactly six years ago even though the population has grown significantly since then.

#17 One recent study found that about 60 percent of the jobs that have been "created" since the end of the last recession pay $13.83 or less an hour.

#18 Only 47 percent of all adults in America have a full-time job at this point.

#19 It is hard to believe, but an astounding 53 percent of all American workers make less than $30,000 a year.

#20 The Obama years have been absolutely brutal for small businesses. According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration...

Bush Sr.: 11.3
Clinton: 11.2
Bush Jr.: 10.8
Obama: 7.8

#21 You can still buy a house in the city of Detroit for just one dollar.

#22 The U.S. cattle herd is at a 61 year low.

#23 It is being projected that health insurance premiums for healthy 30-year-old men will rise by an average of 260 percent under Obamacare.

#24 According to the most recent numbers from the U.S. Census Bureau, an all-time record 49.2 percent of all Americans are receiving benefits from at least one government program each month.

#25 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 101 percent.

#26 The U.S. national debt is on pace to more than double during the eight years of the Obama administration. In other words, under Barack Obama the U.S. government will accumulate more debt than it did under all of the other presidents in U.S. history combined.

#27 Right now, there are 1.2 million students that attend public schools in the United States that are homeless. That number has risen by 72 percent since the start of the last recession.

#28 Only 35 percent of all Americans say that they are better off financially than they were a year ago.

#29 Only 19 percent of all Americans believe that the job market is better than it was a year ago.

#30 According to a recent CNN poll, 70 percent of all Americans believe that "the economy is generally in poor shape".

#31 According to a recent Pew Research survey, only 19 percent of all Americans trust the government. Back in 1958, 73 percent of all Americans trusted the government.

#32 According to another poll that was recently released, 70 percent of all Americans do not have confidence that the government will "make progress on the important problems and issues facing the country in 2014."

 

[akphidelt]

Obstruct and blame! Maybe if Obama was allowed to be like Big Government Reagan, those numbers would be better.

 

[SheriffJoe]

Paul Krugman is Wrong About Jobs and Income Inequality

January 30, 2014 by Daniel Greenfield



Looking forward to Obama’s State of the Union session, New York Times economic court jester Paul Krugman beats his usual drum about the importance of deficit spending (no, that’s not a joke, it’s what passes for liberal economic wisdom) and then tries to make a case for the left’s latest meme of “inequality” over jobs.

The usual suspects on the right will, as always when questions of income distribution comes up, shriek “Class warfare!” But there will also be seemingly more sober voices arguing that he has picked the wrong target, that jobs, not inequality, should be at the top of his agenda.

Here’s why they’re wrong.

First of all, jobs and inequality are closely linked if not identical issues. There’s a pretty good although not ironclad case that soaring inequality helped set the stage for our economic crisis, and that the highly unequal distribution of income since the crisis has perpetuated the slump, especially by making it hard for families in debt to work their way out.

Moreover, there’s an even stronger case to be made that high unemployment — by destroying workers’ bargaining power — has become a major source of rising inequality and stagnating incomes even for those lucky enough to have jobs.​

​

The second point isn’t even an argument. Obviously unemployment leads to income inequality. If people don’t have jobs, their income falls. But that’s a case for focusing on jobs, the cause, not income inequality, the effect.​

Paul Krugman turning that into his “stronger case” is a basic failure of logic.

Krugman’s first point is even more inverted. Income inequality didn’t create the economic crisis, botched attempts to remedy inequality with government subsidies that were monetized by liberal billionaires did.

The roots of the economic crisis lie in the intersection between Wall Street and the welfare state. That same intersection has given us Barack Obama, Paul Krugman and severe unemployment and income inequality.

The drum beaters for endless spending on the welfare state are perpetuating income inequality by pretending to fight it for their own profit.

 

[SheriffJoe]

My economic theories are backed by rigorous studies, math, logic, education, and understanding of the moving parts and how they interact within the system.

Your economic theories are backed by your thoughts and ridiculous philosophical talking points. It's a theory for dumb people because it's easy to understand for someone who has no real knowledge of economics.

Probably why most people who agree with your thoughts are really dumb conservatives.

Your cult ideology is proven garbage and you're about as economically literate as Joy Behar from the View.

 

[akphidelt]

Your cult ideology is proven garbage and you're about as economically literate as Joy Behar from the View.

The data shows that you are very incorrect. Like I said, I deal with data... you deal with your thoughts, which are very deranged. It's why you come to conclusions that make me believe the doctors make you wear a helmet and mouthpiece everywhere you go.

 

[SheriffJoe]

The data shows that you are very incorrect. Like I said, I deal with data... you deal with your thoughts, which are very deranged. It's why you come to conclusions that make me believe the doctors make you wear a helmet and mouthpiece everywhere you go.

You deal with bullshit and trash talk. Acebb proved it yet again in this thread.

And when something hits too close to home, you go screaming to mods.

Everyone knows you're a fraud, but you're still in denial about the huge ass kickings in thread after thread.

 

[Dave007inVegas]

Your cult ideology is proven garbage and you're about as economically literate as Joy Behar from the View.

I see what you mean!

 

[vitterd]

Joe...what is this

www.therxforum.com/showthread.php?t=499619&page=148

 

[vitterd]

I mean...ron paul is nuts, the economy is fine, no bubble, no recession....Arent you saying compete opposite now?

 

[vitterd]

Joe...what is this

www.therxforum.com/showthread.php?t=499619&page=148

Not sure joe....seems like you may have had a big swing and miss here

 

[SheriffJoe]

I mean...ron paul is nuts, the economy is fine, no bubble, no recession....Arent you saying compete opposite now?

Not this Guesser ghost shit again...

Don't you have a shitload of SB props to handicap?

 

[vitterd]

Not this Guesser ghost shit again...

Don't you have a shitload of SB props to handicap?

Is that the answer you wanna go with? Maybe you're not Joe C then.....because it looks like Joe C and Sheriff Joe dont agree on much.

 

[SheriffJoe]

Is that the answer you wanna go with? Maybe you're not Joe C then.....because it looks like Joe C and Sheriff Joe dont agree on much.

From the link you provided it appears that way.

Another swing and miss by the Guesser? Say it ain't so.

If you lose this weekend, I don't want to be the one responsible...remember, I am pulling for you. I think it would be hilarious and your thread could turn into one of the most entertaining ever!