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re: Is Rick Perry the dumbest appointed secretary ever?

Posted on 7/7/17 at 3:09 pm to
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/7/17 at 3:09 pm to
To say that this thread didn't go how the OP with a 7th grade understanding of economics thought it would be being kind.
Posted by Zach
Gizmonic Institute
Member since May 2005
112619 posts
Posted on 7/7/17 at 3:13 pm to
I'm going with Surgeon General Joycelyn Elders.



'The Pope created AIDS'

'I like Eric Clapner.'

'We need to move money from cancer research to AIDS research. Because old people die from cancer and that's good for social security because they're taking it out. Young people die from AIDS and that's bad because they're paying it in."



This post was edited on 7/7/17 at 3:15 pm
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 7/7/17 at 3:14 pm to
Wasn't jeh Johnson secretary of something?

Wasn't john Kerry sec state?

Is 2016 not part of "ever"?
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 7/7/17 at 3:15 pm to
quote:


What's wrong with her?
She's an attractive woman.

She isn't unattractive, and I guess compared to other women in the administration she is attractive.

At work, we call it "IT Hot" when a woman is not really hot but you think she is not b.c there is no competition from truly attractive women.

but she isn't a MILF, and really the term is GILF since she has grandchildren

This post was edited on 7/7/17 at 3:16 pm
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/7/17 at 3:16 pm to
quote:

At work, we call it "IT Hot" when a woman is not really hot but you think she is not b.c there is no competition from truly attractive women.


This is much like "Army Cute" or, when deployed, "Queen for a year".
Posted by TX Tiger
at home
Member since Jan 2004
35662 posts
Posted on 7/7/17 at 3:18 pm to
quote:

Is Rick Perry the dumbest appointed secrtary ever?
I love how he was establishment enough to be invited to the Bilderberg meetings and is now in the anti-establishment (wink, wink) Trump Administration.




He'ssss ssssuch a ssssssweety.
This post was edited on 7/7/17 at 3:23 pm
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 7/7/17 at 3:19 pm to
quote:

ShortyRob

It's pretty obvious that he implied for a stronger US coal market with decreased regulations and more US coal supply( which he mentioned right after this)therefore decreasing demand and price.
At the moment there is way to much coal on the market. When asked about what his economic quote later on he didn't want to talk about it.

The DOE had to put out a tweet that references some flawed and debunked 1800 French economic theory to support what Perry had said. Anyone who's not an idiot can see that at the very least he horribly butchered simple supply/demand theory. His implication was very clear that he increased supply=increased demand/prices. We can get more complex about coal specifically but it's dying and will die because of natural gas
Posted by RobbBobb
Matt Flynn, BCS MVP
Member since Feb 2007
27972 posts
Posted on 7/7/17 at 3:22 pm to
Wow, it's almost like Loretta Lynch didn't meet with the spouse of a target on a tarmac?
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69377 posts
Posted on 7/7/17 at 3:22 pm to
quote:

he DOE had to put out a tweet that references some flawed and debunked 1800 French economic theory to support what Perry had said.
Say's law is not "debunked". John Maynard Keynes misinterpreted say's law and debunked his interpretation of it.

Say's law simply states that in order for someone to "demand" something, he must first have another good to provide in exchange for the thing he wants. It's a basic law of barter.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/7/17 at 3:23 pm to
quote:

It's pretty obvious that he implied for a stronger US coal market with decreased regulations and more US coal supply( which he mentioned right after this)therefore decreasing demand and price. At the moment there is way to much coal on the market. When asked about what his economic quote later on he didn't want to talk about it.

All well and good.

But, using the sentence you quoted in the OP, which YOU clearly took to be stupid on its face.......it wasn't.

And you took it that way because you thought that Supply is Driven by Demand 100% of the time like most amateur's do.

All good. I know you're not going to admit that. But it's cool.
quote:

His implication was very clear that he increased supply=increased demand/prices
If this is the case, then it would be wise of you to quote the parts of what he said that do this rather than to use only a quote that doesn't support your assertion.

Just sayin........

Note. I don't know what all Perry said on the subject. I simply responded to your errant OP.
Posted by Quarterite
The Lower Quarter
Member since Oct 2016
959 posts
Posted on 7/7/17 at 3:26 pm to
quote:


Is Rick Perry the dumbest appointed secretary ever?


No question the guy has a room temperature IQ, but he's not even the dumbest appointee in tRump's cabinet (pick one from among DeVos, Carson, and of course Jefferson Beauregard Sessions III), much less the dumbest ever.
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 7/7/17 at 3:27 pm to
quote:

And you took it that way because you thought that Supply is Driven by Demand 100% of the time like most amateur's do. All good. I know you're not going to admit that. But it's cool.

Of course it isnt 100% supply/demand
Wow you sound like a real douche
Posted by EKG
Houston, TX
Member since Jun 2010
44041 posts
Posted on 7/7/17 at 3:28 pm to
You may not care for the politics of any of the people you listed; but not one of them is "dumb."
Posted by SSpaniel
Germantown
Member since Feb 2013
29658 posts
Posted on 7/7/17 at 3:28 pm to
quote:

Carson


Seriously? You are seriously throwing Ben Carson's name in the hat as one of the dumbest ever?
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 7/7/17 at 3:29 pm to
quote:

'We need to move money from cancer research to AIDS research. Because old people die from cancer and that's good for social security because they're taking it out. Young people die from AIDS and that's bad because they're paying it in."

Eh, she might be on to something
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 7/7/17 at 3:32 pm to
quote:

Of course it isnt 100% supply/demand Wow you sound like a real douche

If you want to call someone stupid because they don't understand economics then, be smart enough to use the quotes that support your assertion.

You wrote
quote:

DOE Rick Perry at coal plant:"Here’s a little economics lesson: supply and demand. You put the supply out there and the demand will follow."

He doesn't know how supply and demand works


A reasonable person reading that would take it as you thinking the quoted sentence supports your assertion.

It didn't.

Do better next time.
Posted by AUsteriskPride
Albuquerque, NM
Member since Feb 2011
18385 posts
Posted on 7/7/17 at 3:39 pm to
quote:

To start with there cannot be a demand for a product that doesn't exist. You have to supply a product and if it is successful and well done the demand for it will grow


That is complete and utter bullshite. Do you think a company creates a product without recognizing a demand/consumer need first?

quote:

Demand can only exist when there is no supply if talking about generic ideas/needs and not specific products.


Demand can happen at any time. I demand products frequently that are always readily available and in large supply. The more scarce the product, the more I'll pay, unless substitutes are available. Furthermore, I demand many products that do not exist. Everyone does. The difference is what is feasible for a company to invest in R&D.

Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 7/7/17 at 3:41 pm to
quote:



It's called supply side economics, e.g.; the customer does not know what he or she wants until you tell them



But muh trickle down
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12812 posts
Posted on 7/7/17 at 3:42 pm to
quote:

You put the supply out there and the demand will follow."


Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 7/7/17 at 3:43 pm to
quote:

ShortyRob

Maybe next week Rick Perry will talk about beanie babies.
The supply is out there so the demand will follow
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