BoberFett
Lifer
- Oct 9, 1999
- 37,563
- 9
- 81
Meh, I considered that as I edited my post. If he stopped twisting numbers to support his agenda, then calling him would be a hack would be name calling. As it stands I'm just stating a fact.
I dont' know, but this should codify the obvious - less education has a direct impact on your hiring prospects. We should spend far less resources on those who won't or can't bother to educate themselves, and more on those who do; and spending gobs of money on trying to save the jobs low-education workers in dying fields like automaking is especially pointless.
http://seekingalpha.com/article/172215-chart-of-the-week-unemployment-rates-based-on-education-level
Meh, I considered that as I edited my post. If he stopped twisting numbers to support his agenda, then calling him would be a hack would be name calling. As it stands I'm just stating a fact.
If the inflation of the 70's was caused by a supply shock to oil from OPEC, then how would raising interest rates fix the problem?
Yeah, be sure and let us know how that works out for you.I'm from New York and was driven away in the first mass exodus from the state in 1988 when they quadrupled property taxes on Long Island. 2 million people left Long Island that year and most settled in South Florida as evidenced by Florida gaining two seats in the house and NY losing two seats.
So I know all about who pays the bills. NY continued to spend as evidenced by the situation they are on now. They need to continue to bleed.
It is the best thing that the rich are leaving. Soon real Americans will be able to take NY back after it goes belly up because of the rich.
Because the both of them influence inflation.
Yeah, be sure and let us know how that works out for you.
I'm always amazed when people leave a city (e.g. New York) or state (e.g. New jersey) that's controlled almost exclusively by Democrats because "rich Republicans" are ruining it. Mostly I'm amazed that these people can actually do something that significant for themselves. (Not to mention doing it without learning anything from the experience, even accidentally.)
But then, perhaps you did learn something after all. I'm betting you didn't move to, say, Cabrini Green, where you could really get away from rich Republicans.
I know that, but if prices were rising rapidly primarily because oil was in very short supply, how exactly does having very high short-term interest rates fix that problem?
I know that, but if prices were rising rapidly primarily because oil was in very short supply, how exactly does having very high short-term interest rates fix that problem?
I know that, but if prices were rising rapidly primarily because oil was in very short supply, how exactly does having very high short-term interest rates fix that problem?
Your first two paragraphs make sense but your third is a can of fail.I'm from New York and was driven away in the first mass exodus from the state in 1988 when they quadrupled property taxes on Long Island. 2 million people left Long Island that year and most settled in South Florida as evidenced by Florida gaining two seats in the house and NY losing two seats.
So I know all about who pays the bills. NY continued to spend as evidenced by the situation they are on now. They need to continue to bleed.
It is the best thing that the rich are leaving. Soon real Americans will be able to take NY back after it goes belly up because of the rich.
I can agree with that to a degree, but of our wealth-producing fields - manufacturing, mining, and farming - only farming is doing at all well, the others are in serious decline. However our wealth consumption is as high as ever. For any country, no matter how highly individual jobs are paid with internal currency, net wealth produced has to equal or exceed net wealth consumed or we go into debt, which we've been doing since the 60s at (generally) an ever-increasing pace. George W. Bush doubled our national debt in eight years; Obama will do that in less than four. These figures don't even count all the stocks, bonds, property, etc. bought by foreign individuals and companies.
We are headed for a fall of epic proportions, and it's not Bush or Obama or even Congress that caused the problem - we caused it ourselves.
Those aren't our 'wealth producing fields' nearly as much as they once were though. America's biggest and best wealth producing industry is intellectual property, as it accounts for more than half of all US export dollars. Patents and services are what the US exports, and we do it better than anyone else. THAT is what education is most valuable for. (along with greater internal efficiency)
I'm from New York and was driven away in the first mass exodus from the state in 1988 when they quadrupled property taxes on Long Island. 2 million people left Long Island that year and most settled in South Florida as evidenced by Florida gaining two seats in the house and NY losing two seats.
I think we need an audit of the last stimulus to find out where the money went.
We all know how throwing money at the problem solves these issues. (see sig)
http://market-ticker.denninger.net/archives/1621-We-Dont-Need-Any-Steenking-Consumers.htmlTake a look at the charts for the dollar and oil for the last 6 months. Notice any correlation? Now if you really wanna have fun, take a look at the dollar chart and the S&P over the last 6 months. I haven't heard many people relate the recent stock market rally with the decline of the dollar but i'll be damned if the charts don't show them moving almost in unison (one goes up the other goes down). If its not some insane coincidence, or perhaps some other explanation I am not an expert by any means, its just one more reason we are really fubar. We import way to much, and don't have the ability to replace the supply in a timely fashion, for a week dollar to be good for the average American.
Look on the bright side though, a select few are making a fortune.
Those aren't our 'wealth producing fields' nearly as much as they once were though. America's biggest and best wealth producing industry is intellectual property, as it accounts for more than half of all US export dollars. Patents and services are what the US exports, and we do it better than anyone else. THAT is what education is most valuable for. (along with greater internal efficiency)