Low Information Voters

[Subyman]

MBA (masters in bullshit arts), 2003, Trump University?

gl with that.

SP33Demon was the student from Trump University that gave it an A+ rating. 😀

 

[1prophet]

A sure sign of poor leadership and management, blaming the little people when things aren't going the way the self entitled establishment ruling class wants.

Perhaps if these pundits of plutocracy would pull their heads out of the asses of the 1% and open up their eyes they would realize that there is no one to blame but themselves for the rise of Trump and Sanders,

not the so called "low information voters" that these self anointed establishment aristocrats have been bullshitting for the last 40 years.

 

[Thebobo]

CRUZ believes the world is 6000 years old
Now who is low information?

 

[soulcougher73]

I think you're way too low.

I know. I did add the "+" though. That's what i get for trying to give humans the benefit of the doubt. lol

 

[Fanatical Meat]

CRUZ believes the world is 6000 years old
Now who is low information?

Listen I hate Cruz but did he really stay with the Bible as to the age of the Earth without adding a qualifying statement? He's an educated man I find it hard to believe.

 

[Spungo]

Krugman doesn't think any of those things. Where did you get such silly ideas?

He always throws out the thought experiment of being invaded by aliens, and how that invasion would really boost the economy because it would cause capital destruction on a global scale. He's literally talking about total war being good for the economy. You will never find any case in all of recorded history where prolonged war has been good for the economy, but you can find dozens of cases where war has caused a country or an empire to collapse. I just named several of them, and all of those happened in the last 100 years alone. We're currently going down that same path. We're at wartime levels of military spending even when we're not at war, and it's bankrupting us. Krugman thinks more military spending is the answer. He's insane.

When Ben Bernanke was asked about QE and fears of hyperinflation, he responded by saying that hyperinflation typically happens as a result of war. Even Bernanke is aware that Krugman is completely retarded. Democrats are also fully aware of how stupid wars are. Every week, I hear or see at least 1 person on the internet mention how expensive the Iraq War has been. It didn't help our economy by wasting a trillion dollars. It totally fucked up the economy by wasting a trillion dollars. If we just focus on the economic effect of that war, it was a disgusting misallocation of capital. Every dollar spent on war was a dollar not spent on medical care, education, infrastructure, charity, or any other thing that would actually benefit society. Instead of building schools, we're bombing schools. Instead of saving lives, we're taking lives. That's what Krugman sees as progress. Instead of rich people using their money to buy a boat and create demand for real consumer goods, the government needs to tax that money so it can kill brown people. This is absurd, but Krugman thinks it makes perfect sense. Having middle class people buy Corvettes due to lower taxes is not real demand, but having the military build humvees is real demand? How does that make any sense?

Krugman's followers are called Broken Window Theorists for a reason. They literally believe that destroying things is good for the economy because someone must be paid to fix anything that is broken. According to Krugman, Detroit is an amazing success story. It has thousands of broken windows. Look at all that aggregate demand!

Surely you must see the irony in someone who has repeatedly displayed a very poor understanding of even basic economics calling a Nobel Prize winning economist stupid.

Doesn't it seem strange how I make good money by investing while Krugs doesn't? Doesn't it seem odd how there are zero professional investors who think he has a clue what he's talking about? He'll make some absurd statement about inflation being too low, but we look at the stock market and we see that everything doubled within a couple years. He has no idea how anything works. He thinks asset inflation is not inflation, he thinks capital destruction is good, he thinks minting trillion dollar coins will not cause any distortions in the economy. He was the one who said the fed should create the housing bubble and the financial crisis that followed. He's either an idiot or he's evil. I don't get an evil vibe from him, so I'm going with idiot.

 

[chucky2]

Listen I hate Cruz but did he really stay with the Bible as to the age of the Earth without adding a qualifying statement? He's an educated man I find it hard to believe.

It wouldn't surprise me. I've got an older relative (late 50's/early 60's) and I've known he and his wife are batshit indoctinated in some version of Christianity. Now, they're very educated people. One night they were over and I was seeing just how batshit they were, and I said something like, Yeah, but the Earth of course is more than 6000 years old, in a joking manner. Then I got some weird lecture on how dating isn't accurate and blah blah blah.

Otherwise smart and educated people can but amazingly dumb. And I'm not calling Cruz smart either... 🙂

 

[JD50]

Don't fall into the trap of thinking that Trump voters are uninformed. Cruz is definitely wrong there. No, it is a different but related problem. Trump voters are misinformed, not uninformed:
http://fivethirtyeight.com/features/trump-supporters-appear-to-be-misinformed-not-uninformed/

Treating Trump voters as if they are uninformed will backfire on you.

Let's dispel with this fiction that Trump supporters don't know what they're doing. They know exactly what they're doing.

 

[lopri]

Maybe we should use an acronym for the economy of words. An acronym can help popularising the concept while obfuscating any negative connotation.

LIV™ = Low Information Voter™

 

[SP33Demon]

I really doubt most of Trump supporters are low information nor poorly educated.
Well, not any more or any less than supporters of the other candidates.
People in general simply do not trust politicians or governments ability to do their job.
When you think about this, it is easy to see why all the anger and disgust.

We should have been protected from 9/11 happening. Period!
We should have been protected from the 2008 housing meltdown. Period!
We should have been protected from costly and lengthly war in the Middle East. Period!
And I can go on and on.

Lets face it.
These guys and gals we have elect were suppose to be the best. The very best.
The smartest people in the room.
We supposedly have first class economist serving us in our government, first class military leadership, supposedly the best of the best serving in ever aspect of government.
But no....
While very many people have totally given up on government, our entire system of existence operates off this system called government.
It's like hating your heart or your legs, yet your heart keeps you alive and your legs allow you to walk.

In short, we should have the best system of government in the world where events like 9/11 never happen, and when we engage in foreign wars we win and win swiftly with minimal cost and casualties, we should have no national debt, our jobs and factories should still be located right here in America, unemployment should be under two percent, those seeking a job should have the education and tools needed to find a job and a good paying job, America should drive on first class roads and bridges from shore to shore, we should expect only the best from all our leadership and elected government officials.
But no.....

What do we have?
Well, I don't need to remind anyone how we have been let down, grossly let down in every example mentioned above.
And this is completely due to the failure of our leaders and our government.
We should not hate our government, we just need the best to run it.
Only the very best.
And not toss government out the window, instead make government work as intended.

I have often wondered over the years if where we find ourselves today was not intentional?
If our leaders told us one thing to get elected, then followed some secret game plan ending up exactly where we are today.
We assumed these people were the smartest people in the room, the very best of the best.
But that doesn't seem to be the case, unless.... this was the plan all along?

We either have an excess of really stupid people in leadership, or the scariest con job ever played onto humanity since the snake got Adam and Eve tossed out of that garden.

So, is it any wonder people feel let down, drive on some of the worse roads in the world, lost homes and jobs while government stood by giving us only lip service and that look of deer in the head lights, and with election after election promised us that land of milk and honey.
Then once elected, serve up only sauerkraut and lemons.

So naturally.... too many people have simply given up, and that is completely justified.
Then... along comes a Donald Trump and the establishment wonders HOW??? WHY???

Yep, and the process already started with Obama. Here's a guy with very little experience in politics getting elected because people were fed up with the Iraq War and a congress that rubberstamped everything Bush wanted. Obama doesn't give us what we want, and in fact erodes middle class wealth with obamacare. Now we're looking to elect a guy with ZERO experience in Trump because he isn't a politician. Next election, if Trump can't get anything done I wouldn't be surprised if someone like Stephen Colbert or Jon Stewart get elected. It's the Peter Principle at this point.

 

[fskimospy]

He always throws out the thought experiment of being invaded by aliens, and how that invasion would really boost the economy because it would cause capital destruction on a global scale. He's literally talking about total war being good for the economy. You will never find any case in all of recorded history where prolonged war has been good for the economy, but you can find dozens of cases where war has caused a country or an empire to collapse. I just named several of them, and all of those happened in the last 100 years alone. We're currently going down that same path. We're at wartime levels of military spending even when we're not at war, and it's bankrupting us. Krugman thinks more military spending is the answer. He's insane.

He never said that at all. He said that large scale government spending would have been a good idea because we had large amounts of underutilized productive capacity.

When Ben Bernanke was asked about QE and fears of hyperinflation, he responded by saying that hyperinflation typically happens as a result of war. Even Bernanke is aware that Krugman is completely retarded. Democrats are also fully aware of how stupid wars are. Every week, I hear or see at least 1 person on the internet mention how expensive the Iraq War has been. It didn't help our economy by wasting a trillion dollars. It totally fucked up the economy by wasting a trillion dollars. If we just focus on the economic effect of that war, it was a disgusting misallocation of capital. Every dollar spent on war was a dollar not spent on medical care, education, infrastructure, charity, or any other thing that would actually benefit society. Instead of building schools, we're bombing schools. Instead of saving lives, we're taking lives. That's what Krugman sees as progress. Instead of rich people using their money to buy a boat and create demand for real consumer goods, the government needs to tax that money so it can kill brown people. This is absurd, but Krugman thinks it makes perfect sense. Having middle class people buy Corvettes due to lower taxes is not real demand, but having the military build humvees is real demand? How does that make any sense?

This is bafflingly delusional and bears functionally no resemblance to Krugman's opinion on the matter.

Krugman's followers are called Broken Window Theorists for a reason. They literally believe that destroying things is good for the economy because someone must be paid to fix anything that is broken. According to Krugman, Detroit is an amazing success story. It has thousands of broken windows. Look at all that aggregate demand!

This is a wild distortion of what they actually think.

Doesn't it seem strange how I make good money by investing while Krugs doesn't?

I strongly suspect he is a wealthier individual than you are.

Doesn't it seem odd how there are zero professional investors who think he has a clue what he's talking about?

First, that's clearly untrue. Why would you say something so dumb?

Second, doesn't it seem odd that every time since the crisis that he's gotten in some sort of public spat with an investor he's turned out to be right?

http://noahpinionblog.blogspot.com/2013/04/krugtron-invincible.html

Look at the 'professional investor' wreckage Krugman leaves behind him.

He'll make some absurd statement about inflation being too low, but we look at the stock market and we see that everything doubled within a couple years. He has no idea how anything works. He thinks asset inflation is not inflation,

Yes, inflation has been much too low in recent years. If you try to argue otherwise I can tell you ahead of time that you're going to look stupid. The stock market increasing does not relate to this much at all as asset price increases and inflation are two very different things. Asset price increases show that people are more willing to spend money on assets than they are on other goods or services, it is not a general increase in prices.

he thinks capital destruction is good, he thinks minting trillion dollar coins will not cause any distortions in the economy. He was the one who said the fed should create the housing bubble and the financial crisis that followed. He's either an idiot or he's evil. I don't get an evil vibe from him, so I'm going with idiot.

Basically nothing you wrote there was right. For example, he never said that the fed should create a housing bubble, he said that the only way for the fed to justify its the recession following the dotcom bubble's collapse was to make another bubble. He was in no way saying that was a good thing to do.

http://www.nytimes.com/2002/08/02/o....html?scp=4&sq=krugman mcculley bubble&st=cse

He did think that minting a trillion dollar coin would not cause any distortions in the economy because that's undeniably correct as the coin wouldn't have been circulated. It would simply have represented an identical continuation of US policy.

This kind of post just reinforces how much smarter he is than you are and how much more he understands about economics than you do. It's filled with nonsensical ranting, poorly understood economics, and wild flailing. Embarrassing. I think from now on if you're going to criticize something Paul Krugman has said or written you should link directly to his writing. (no interpretations of his writing from ultra right wing websites please)

 

[SP33Demon]

How about we just say their heads are full of bullshit?
SP33Demon is the perfect example. Look at all the crazy shit he posts. That man clearly has something other than brains inside his head.

Says the crazy guy with "nazi" in his sig. Dramatic much? You are an inciter, I am a uniter. That's the difference between us.

 

[SP33Demon]

SP33Demon was the student from Trump University that gave it an A+ rating. 😀

Yep, I also eat Trump Steaks with a little Trump wine, and then take my protein powder with Trump water.

 

[thraashman]

Says the crazy guy with "nazi" in his sig. Dramatic much? You are an inciter, I am a uniter. That's the difference between us.

You really believe you're a uniter? Holy fuckballs are you nuts then. I accept I'm being antagonistic. I would and will gladly work with anyone that shows capability to be reasoned with, you are simply not one of those. I can see why you like Trump so much, your posts sound so like him. You're all "I'm so educated, I'm so gifted" while everything you post is empty rhetoric that shows a total lack of education and mental gifts.

And say what you want about the "nazi" in my sig, it was Donald Trump who retweeted a racist, false meme from a neo-Nazi, white supremacist group. The man you so worship is the one giving credence to hate groups and being endorsed by the KKK. I put it in my sig because his extreme racism should not be ignored. If you can't see how saying Muslims hate America, Mexicans are rapists, black people are all criminals, and the other fucked up shit that Trump keeps saying is inciting, then you are somehow even dumber than I thought. Which would be remarkable because you're competing with John Connor and michal1980 right now. Incorruptible is still all time champion, oh how I miss that nutty little shit.

 

[chucky2]

I know how you feel, each and every time an Intellectual tries to go on a self fluffing lecture on how people who disagree with them are racist, misogynist, xenophobic, and/or every other -ism/-ist, I'm like, Man, I really would like to work with people if they had a capacity to be reasoned with, but this Intellectual has such a case of the White Guilt and/or Bleeding Heart, they are too far gone down the loony path. At least they're entertaining, right?

 

[SP33Demon]

You really believe you're a uniter? Holy fuckballs are you nuts then. I accept I'm being antagonistic. I would and will gladly work with anyone that shows capability to be reasoned with, you are simply not one of those. I can see why you like Trump so much, your posts sound so like him. You're all "I'm so educated, I'm so gifted" while everything you post is empty rhetoric that shows a total lack of education and mental gifts.

And say what you want about the "nazi" in my sig, it was Donald Trump who retweeted a racist, false meme from a neo-Nazi, white supremacist group. The man you so worship is the one giving credence to hate groups and being endorsed by the KKK. I put it in my sig because his extreme racism should not be ignored. If you can't see how saying Muslims hate America, Mexicans are rapists, black people are all criminals, and the other fucked up shit that Trump keeps saying is inciting, then you are somehow even dumber than I thought. Which would be remarkable because you're competing with John Connor and michal1980 right now. Incorruptible is still all time champion, oh how I miss that nutty little shit.

So you dispute that black people commit the highest rates of crime vs any other minority group? That is more low-IQ coming out - blacks commit the most crimes per person, it's not a secret - go check the FBI stats. Trump tweeted a meme that is based in that fact - he obviously didn't know that the KKK was associated with it. You have been bamboozled by the media. If Trump was really for the KKK, why is Ben Carson supporting him? Is Ben Carson a KKK lover now? 5th grader logic again, just like invoking Godwin's law in your sig.

Illegal mexicans have committed atrocious crimes including rape against our country. But now that all of a sudden that = all mexicans are rapists in your pea brain. Again, you prove logic is your enemy.

Muslims do hate america under sharia law. And most of the world favors sharia, in case your pea brain didn't know that.
https://youtu.be/g7TAAw3oQvg
Was San Bernardino just a blip on the radar of muslim love for us? What about the TN shooting of state troopers? What about French attacks? Subway bombings in Spain? Bus bombings in the UK? Islam is the one committing the most crimes of any religion worldwide. If you don't think this is a problem, you are sorely mistaken.
https://en.wikipedia.org/wiki/List_of_Islamist_terrorist_attacks
And that list ^ doesn't even include ISIS' atrocities which cannot be documented.

Also, I have no shame admitting that I'm educated and gifted physically. I've been blessed financially and am married to a good looking wife. I have no shame in admitting these things. I've also seen more hardship than probably all of you. Have you ever been without heat or hot water or food for 6 months in a harsh winter? Have you ever faced expulsion from a college and talked your way out of it? Have you ever slept on a floor in degenerate conditions like mice living in the walls? How about in conditions with roaches and black mold everywhere that almost kills you? I've been very fortunate and had to rise above shit that would kill most normal men or break them mentally. That's why squatting 500lbs is nothing on the fear factor level for me. Strength (mental and physical) is earned, not given.

 

[lopri]

I think a lot of people are missing the point of the whole thread. The point is that it is Ted Cruz who tells us that LIV are supporting and voting for The Duck. I have not heard it from Democratic politicians. If it were not for Cruz, I would have thought the term "Low Information Voters" could be offensive to some and thus would not have invoked it.

A Redstate.com (a rabidly right-wing website) reporter even acknowledges the LIV's hypocrisy on "Political Correctness."

http://www.redstate.com/saragonzale...rump-supporters-low-information-voters-video/

While he is absolutely correct on the matter, it is surprising to hear him criticizing voters whose support he will need if he is the nominee up against Hillary in November. And being “low information” voters and generally angry people, they will likely not take kindly to being called out for exactly what they are. While they profess to like that Trump “tells it like it is,” they generally don’t like it when “telling it like it is” is turned on them, of course.

Again, it is Ted Cruz's words, not Barack Obama's.

 

[SP33Demon]

Cruz is an ivy league educated lawyer, what do you expect? He is a very smug individual who thinks he's the smartest guy in the room at any given point which is both good and bad. You are seeing the bad part here. Cruz is desperate to get a vote any way he can, even if it means slamming the 4 in 10 who refuse to change their vote from Trump in an attempt to try and get the other 6. The slight problem is that the other 6 will also be split among kasich and rubio.

 

[sm625]

Low information voters are already voting for Clinton/Sanders.

 

[Spungo]

He never said that at all. He said that large scale government spending would have been a good idea because we had large amounts of underutilized productive capacity.

But he makes no distinction between capital investment and capital destruction. By using war against aliens an example, he's putting emphasis on the capital destruction side of things. He's putting things like WW1 UK in the success category, and it's just mind boggling. People in the UK didn't have strikes and social unrest because high inflation was a good thing.

I strongly suspect he is a wealthier individual than you are.

Does he make his money from investing or does he make his money from giving speeches? Michael Jordan is a lot richer than me, and he makes a lot of money from investments (getting paid in Nike stock instead of cash), but that doesn't mean he understands the market better.

Second, doesn't it seem odd that every time since the crisis that he's gotten in some sort of public spat with an investor he's turned out to be right?

Oh? He was an advisor to the Bank of Japan. Their QQE program was about 3x larger than our QE program. The result? Very high inflation, record high Misery Index, and plunging real wages. It's exactly what common sense dictated would happen.

Thank god Krugman was there to make food cost more while wages stay the same. Can you imagine a horrible world where the cost of living wasn't rising faster than wages?

Yes, inflation has been much too low in recent years. If you try to argue otherwise I can tell you ahead of time that you're going to look stupid.

You're saying the stock bubble is not big enough?
You're saying the bond bubble is not big enough?
You're saying the real estate bubble is not big enough?

Asset price increases show that people are more willing to spend money on assets than they are on other goods or services, it is not a general increase in prices.

Yes, that means people are scared shitless of what the fed is doing. When people are not certain of what the future holds, and central planners are promising to destroy the value of their currency, people batten down the hatches. Spending is cut to a bare minimum, and people put their savings into the stock market because stocks are historically the best protection against inflation. This is why inflation always shows up in assets before it shows up in consumer goods. We saw the exact same psychological effect in China and Japan.

The stock bubble China created was legendary because China's rate of debt creation was much larger than any other country. We can see the fallout from that Krugtastic policy right now as the bubble deflates and millions of Chinese people lose their life savings and their jobs. The Chinese government is in full panic mode to stop civil unrest.

People in Japan are doing the same thing. Central planners promise to ruin the economy, so people run for the hills. The Japanese stock market more than doubled in a few years because people were trying to protect their life savings:
google finance graph

Can you guess what happens when Japan's bubble deflates?


You can find a very large list of things Krugman was wrong about here. He's as clueless as any other central planner. He, like Kuroda and Yellen and Draghi, truly believes that scaring the shit out of people is good for consumer confidence. He'll never accept blame when the bubbles he fights for invariably pop and leave millions of people bankrupt.

 

[fskimospy]

But he makes no distinction between capital investment and capital destruction. By using war against aliens an example, he's putting emphasis on the capital destruction side of things. He's putting things like WW1 UK in the success category, and it's just mind boggling. People in the UK didn't have strikes and social unrest because high inflation was a good thing.

No he's not, he's simply advocating for more government spending in depressed economies. This is in fact strongly backed up by the research. He predicted this in 2008 and totally nailed it.

I get the strong impression that you never actually read what he writes, instead you just get duped by unscrupulous places like zerohedge. If you go back and look at my previous link you'll see Krugman destroying zerohedge's nonsensical inflation predictions.

Does he make his money from investing or does he make his money from giving speeches? Michael Jordan is a lot richer than me, and he makes a lot of money from investments (getting paid in Nike stock instead of cash), but that doesn't mean he understands the market better.

He makes his money principally due to his world recognized expertise in economics.

I'm sure you're a total master of the markets though, lol. Investing is easy. The right answer for basically every regular person is to park your money in a low fee index fund and call it a day.

Oh? He was an advisor to the Bank of Japan. Their QQE program was about 3x larger than our QE program. The result? Very high inflation, record high Misery Index, and plunging real wages. It's exactly what common sense dictated would happen.

Thank god Krugman was there to make food cost more while wages stay the same. Can you imagine a horrible world where the cost of living wasn't rising faster than wages?

Ignorant nonsense. First of all their inflation was not 'very high' at all. In fact, that's the problem they were trying to solve! Japan has been utilizing QE in various forms since 2000 and they have had miserably low inflation. The idea that it would cause 'very high inflation' is in fact the exact opposite of what the evidence shows. (this is unfortunate for monetary policy as it shows that QE is unfortunately not very effective at creating inflation, which is its purpose)

Second, Krugman isn't a big fan of QE as he considers monetary policy to be largely ineffective in a liquidity trap. He simply says that if a government isn't willing to pursue fiscal remedies that it's better than nothing.

You're saying the stock bubble is not big enough?
You're saying the bond bubble is not big enough?
You're saying the real estate bubble is not big enough?

No, I'm saying that inflation in the US has been too low and we need to increase it. Your continuing attempts to confuse asset prices with inflation notwithstanding.

Yes, that means people are scared shitless of what the fed is doing. When people are not certain of what the future holds, and central planners are promising to destroy the value of their currency, people batten down the hatches. Spending is cut to a bare minimum, and people put their savings into the stock market because stocks are historically the best protection against inflation. This is why inflation always shows up in assets before it shows up in consumer goods. We saw the exact same psychological effect in China and Japan.

Ooh, so we're back to 'I swear inflation will happen someday in the future!'. When do you predict this inflation to occur? So far it is clearly on at least an eight year lag, so are you going to round it up to a flat decade? 🙂

Give me a general date when you think this will happen, I can't wait.

The stock bubble China created was legendary because China's rate of debt creation was much larger than any other country. We can see the fallout from that Krugtastic policy right now as the bubble deflates and millions of Chinese people lose their life savings and their jobs. The Chinese government is in full panic mode to stop civil unrest.

People in Japan are doing the same thing. Central planners promise to ruin the economy, so people run for the hills. The Japanese stock market more than doubled in a few years because people were trying to protect their life savings:
google finance graph

Can you guess what happens when Japan's bubble deflates?

You can find a very large list of things Krugman was wrong about here. He's as clueless as any other central planner. He, like Kuroda and Yellen and Draghi, truly believes that scaring the shit out of people is good for consumer confidence. He'll never accept blame when the bubbles he fights for invariably pop and leave millions of people bankrupt.

Lol the very first one is the exact same dishonest attempt to say that he advocated for a housing bubble that you tried earlier. Why am I not surprised that an Austrian economics website is a dishonest pile of shit. lol.

 

[Roflmouth]

Nothing more "low information" than being too stupid to get a photo ID 🙂

 

[Fanatical Meat]

Nothing more "low information" than being too stupid to get a photo ID 🙂

Nope that's "low energy"

 

[compuwiz1]

Low income voters have a much higher tendency to vote Democrat, while at the $200k per year level, only 36% or so, are Democrat voters. So, my theory, although untested, would seem to point to Democrats being lower information than Republicans. If one can figure out how to earn a higher income one must be higher information than the one who earns the lower income.

 

[Bitek]

Low income voters have a much higher tendency to vote Democrat, while at the $200k per year level, only 36% or so, are Democrat voters. So, my theory, although untested, would seem to point to Democrats being lower information than Republicans. If one can figure out how to earn a higher income one must be higher information than the one who earns the lower income.

Or it's entirely tied to self interest...

Ds advocate for social programs to assist the poor paid by raising top rated, Rs advocate for tax cuts disproportionately benefiting the rich, partially offset by cutting social programs.

Not too hard to figure this out.