Puterbac News Network and Political Discussion Thread

[10ac]

RIP John McLaughlin.

[Johnette's Daddy]

RIP John McLaughlin.

Hated his politics but LOVED the show. He'd throw something out, everyone would yell & scream at each other, then he'd cut them off with a "You're WRONG! The correct answer is [X]!" and then move on.

[Professor Tiger]

That was a great show. It was the predecessor of all the talking head political shows.

[sardis]

http://www.cnbc.com/2016/08/17/obamacar ... urvey.html

[hedge]

I wish Obamacare would kill you in the New York area...

[Johnette's Daddy]

http://www.cnbc.com/2016/08/17/obamacar ... urvey.html

1866: Unions? Kill jobs.
1935: Social Security? Kills jobs.
1938: Minimum Wage? Kills jobs.
1938: Overtime? Kills jobs.
1965: EEOC ("quotas")? Kills jobs.
1965: Medicare? Kills jobs.
1970: Environmental Regulations? Kill jobs.
1971: Safety Regulations? Kill jobs.

Said by any business owner in any industry at any point in time in human history - "Any regulation of any kind that forces me to treat my employees as anything other than slaves will kill jobs. Except (of course) for those that provide unwarranted subsidies for my industry and protects us from unfair competition from those foreign bastards who can undercut our prices because they use virtual slave labor."

[Toemeesleather]

D-E-T-R-O-I-T

[hedge]

Fuck Detroit...

[Toemeesleather]

Correct, only it's a doublefuck, first by the UAW then the gubment unions.

[hedge]

Doublefuck you...

[bluetick]

Funny how private sector labor unionization dropped from a 35% rate to 7% in roughly the same time that worker pay went incredibly stagnant. The 'incredible' part is how productivity has increased 65% since 1980, yet pay only rose 8.2%.

I mean, shit...production increased TWO-THIRDS yet wages barely kept up with inflation. Corporation profits are through the roof. The stock market is at it's record high. Business is booming; labor is dead; the middle class shrinks and income equality stretches wider and wider.

Meanwhile toe thinks his 5-day 40 hour work week was handed down on a tablet by Moses.

[bluetick]

And of course many manufacturing jobs went overseas.

[youtube]6dtk1eX7UBE[/youtube]

[Toemeesleather]

Meanwhile toe thinks his 5-day 40 hour work week was handed down on a tablet by Moses


Fine, name one innovation/new idea generated from a union contract that increased said productivity since 1940.


....other than raiding union pensions by union bosses....

[Professor Tiger]

People have been fleeing liberal Utopias like Detroit, Chicago, Philadelphia, Pittsburgh, Los Angeles, because the deplorable economic conditions caused by progressive policies. They have been moving to places like Austin, Phoenix, Raleigh-Durham-Chapel Hill, and Northern VA, because those places have so much better economic conditions caused by conservative policies.

Now, after a mass exodus of refugees from liberal economics, those places where they found refuge are turning purple-to-blue, and will soon have the same high taxes, massive regulations, mandatory tithes to climate change goddesses, etc that created the economic cesspools they fled in the first place.

[hedge]

People are fleeing Chicago and Los Angeles?

[Professor Tiger]

Yes:

http://www.chicagotribune.com/news/loca ... story.html

http://www.latimes.com/business/la-fi-m ... story.html

[hedge]

"The Chicago area lost an estimated 6,263 residents in 2015 — the greatest loss of any metropolitan area in the country. That puts the region's population at 9.5 million."

So 6000 people out of 9.5 million left. That's less than 0.1% of their population. How will Chicago ever survive?

[hedge]

And that's the greatest loss of any metropolitan area. Hardly the picture you painted of people "fleeing" in droves...

[AlabamAlum]

There is no way Chicago has nearly 10 million residents. They have to be counting outlying areas and suburbs.

[Toemeesleather]

Business is booming.... at a less that 2% gdp growth rate and interest rates are skyrocketing!!





.....Like lowering interest rates, QE is supposed to stimulate the economy by encouraging banks to make more loans. The idea is that banks take the new money and buy assets to replace the ones they have sold to the central bank. That raises stock prices and lowers interest rates, which in turn boosts investment. Today, interest rates on everything from government bonds to mortgages to corporate debt are probably lower than they would have been without QE. If QE convinces markets that the central bank is serious about fighting deflation or high unemployment, then it can also boost economic activity by raising confidence. Several rounds of QE in America have increased the size of the Federal Reserve's balance sheet—the value of the assets it holds—from less than $1 trillion in 2007 to more than $4 trillion now.

The jury is still out on QE, however. Studies suggest that it did raise economic activity a bit. But some worry that the flood of cash has encouraged reckless financial behaviour and directed a firehose of money to emerging economies that cannot manage the cash. Others fear that when central banks sell the assets they have accumulated, interest rates will soar, choking off the recovery.