re: Obama: Extending Unemployment Benefits “Creates New Jobs”

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I said that giving 1000 people $1000 each (who altogether had $1million between them before) would do a lot more economically than giving one person $1million (who already had $1million himself).

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OK, then why not give 1,000 people 60K each? What's wrong with that? Wouldn't it result in more growth? Hmmm?

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The core problem is you seem to think money moving through the system leads to economic growth.

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I seem to think that because it is the truth. What do you think would happen to the economy if everyone reduced their discretionary spending? What if everyone bought only the bare necessities and saved the rest of their money? How many industries would collapse? How many people would be laid off? Somebody has to spend a dollar for someone else to make a dollar, and the more often a dollar changes hands, the more value is created.

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Think about the logical implications of your position: Just taxing higher income people and giving it to the poor (since they spend more) is apparently the key to a great economy. That money will get "spent." Of course you are creating both a disincentive to 1) get a job and 2) make more money. Put that aside, you are taking money from people that are productive (i.e. make more money) and give it to those that are not productive (i.e. don't have a job).

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As I stated earlier in this thread, I am not generally "for" benefit programs, and here you list some of the obvious reasons why. I just understand why they are necessary, and what they do for the economy as a whole.

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As I stated earlier in this thread, I am not generally "for" benefit programs, and here you list some of the obvious reasons why. I just understand why they are necessary, and what they do for the economy as a whole.

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They put a band-aid on a bullet wound. It is a short-term fix that eventually turns into massive entitlement programs that will eventually swamp the government budget.

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No, the poor are people who make bad decisions. If bad decisions = starvation and death it would promote good decision making. I'm not responsible for your stupidity.

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This is the root of the problem with your entire thought process.

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What's wrong with prejudice?

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Oh, nothing, I'm sure.

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Translation: I'm getting the shite beaten out of me and I'm over my head on this topic.

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There's been a whole lot of shite thrown at me, but not any beaten out of me.

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That's retarded. Spending money does not cause growth. Production of goods and services causes growth.

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Then why don't we just produce the frick out of some shite, then? Just produce for the sake of producing? Because nobody will buy it. For frick's sake.

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If consumer demand drives the economy, why not give every americans loads and loads of money?

You seem to think that the fact that consumers exist justifies redistribution. There is no doubt that people produce things because they want to make money (aka please consumers), but they would have no incentive to if the money they have is taken from them to give to others.

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Why do you guys insist on taking things to extremes? I have already said that obviously there are limits to things, and that at a point they become detrimental.

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The root of money is production. What the frick do you think a job is? car workers build cars because they are going to get paid.

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And WHY do you think that company is building a car? Because someone can buy it. You guys seem to think that a business will just hire and pay people to produce things even if they won't be purchased. They produce enough to meet demand, and that's that. If you want them to make more, there needs to be more demand.

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What would we do without him?


I'm willing to give it a shot to find out

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Thanks for the Secret Service flag, a-hole.

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what business you are in, who your target customer is, what the market conditions were when you started, and what this anecdote means to the national economy at the current time?

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1) Pest control.
2) Home owners and property management companies.
3) Fall of '08. Right when the shite was really hitting the fan.
4) People like me force their industries to LOWER prices. Don't believe me? Just look at the prices of termite treatments in '08 compared to today. Prices are lower. People's purchasing power increases. This happens naturally in economies, unless government and/or central banks frick it up.

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Can I also ask how you think your business would change if more people had the means to buy your product/service, and whether you would have to hire more employees in order to service a larger customer base?

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I'd be much better off. But as long as government and the Fed are crushing purchasing power, I'm going to have to work harder than I otherwise would. Also, more people would be able to buy my services if useless regs weren't in the way. I understand that's not what you're asking, but it had to be mentioned.

My production is what causes individuals to choose my company. If I cannot produce at a price they are willing to pay, I go out of business.

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estimate what would happen should the fraction of your customer base that does currently rely on assistance suddenly lose that assistance.

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It would hurt in the here and now. A lot of my customers are senior citizens (I'm in SW Fla). But, my business would be MUCH better off in the long run, because once the dislocations worked themselves out, purchasing power would skyrocket.

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Then why don't we just produce the frick out of some shite, then?

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Because government is disincetivizing it through compliance costs and the confiscation of capital.

I am too old to produce but I want my check anyhows.