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

Posted on 1/8/14 at 2:20 pm to
Posted by Korkstand
Member since Nov 2003
28738 posts
Posted on 1/8/14 at 2:20 pm to
quote:

Purchasing power comes from more efficient/better production, which is a product of capital investment. These welfare programs take that capital investment OUT of our markets. This crushes purchasing power..the very thing the "poor" need the most.

This makes absolutely no sense. It's as if you are just stringing words together trying to bullshite your way to a point.

If the "poor" have no money, then they cannot buy any of the goods you claim will be inexplicably produced so efficiently in the absence of demand. Everybody needs purchasing power, but without money to utilize that power it is irrelevant.

You have an idea of how you want the world to work, and you want it so badly that you ignore common sense and logic.
Posted by stuntman
Florida
Member since Jan 2013
9139 posts
Posted on 1/8/14 at 2:47 pm to
Our "poor" DO have money. But, their money isn't going as far as it otherwise would because of government taking massive amounts of capital out of our markets and spending it on vote harvesting schemes. Government and the Fed ate creating massive market dislocations that are crushing the poor and middle income.

BTW, I started my company w/ ZERO customers. Nobody was beating down my doors to do business w/ me. I had to FIRST produce a product/service pepple were willing to pay for in order to grow my companu.

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