I sincerely apologize; if you ran your own successful business then you are deserving of respect. Apparently it’s only your writing and reasoning skills that are adolescent.
Small business is the reason this economy is robust. As I noted earlier the bulk of the jobs created are in the managerial, accounting, finance, health care professionals, doctors, nurses and technicians. Your 70% is flawed but reasonably close; but doesn’t that contradict the story you libs tell that all the new jobs are “McDonalds burger flipping” jobs? As Harding stated in 1921, it’s business, not corporations that run the engines of wealth creation.
As to the remainder of your liberal talking points, here’s the response I’ve already given too many times to count;
Starting with the premise that wages are increasing slower than inflation; inflation is calculated on buying power and the increase or decrease in wages is instrumental to the inflation calculations. Specifically, the relationship of wages to productivity is the fuel that drives inflation. I can predict what the cerebrally challenged will post next; rising wages don’t cause inflation. I’ll save you the embarrassment from making this specious argument. The relationship between rising wages and productivity assuredly does impact inflation; it’s not the rising wages per se, it’s the outpacing of productivity that is the culprit. Over the past 5 years, wages have grown at a rate that has exceeded inflation in every quarter that has been completed, while wages and inflation have grown at rates slower than the growth of productivity. If wage growth paced with productivity inflation would heat up and the gains would have been wiped out. It is the increase in wages that has caused the Fed to try to slow inflation by raising the benchmark rate. Economists are warning the Fed that they are overreacting to inflation and I agree; mathematically, only a fool tries to subtract percentages as if the comparatives are interchangeable, this is absurd and you’d flunk out of any economics or mathematics class you could take with this nonsense.
Next, the idea that buying power is shrinking because the Consumer Price Index (CPI) shows price increases exceed wage growth. This ignores the simple fact that disposable income has also risen (4.7%) over the previous year, which increased over the year before and the year before that all the while consumer spending has increased; simply stated income increased faster than inflationary pressures.
Economic neophytes traditionally confuse the CPI with inflation. The rise in the CPI probably reflects a long-term trend of rising fuel and health care costs having a ripple affect on the broader economy. While inflation is based on the prices and the propensity to purchase; the logical outcome of consumer purchasing trends rather than the actual rise or fall in prices; otherwise we would include the cost of 8-track tapes in the inflation calculations or the drop in computer costs. People make substitutions; 3moreyears posted that this means if steak becomes too expensive people will settle for hamburger. In its simplest (minded) this is true, but it also means that as the prices of technology drop, consumers will continue to spend the same amount of money and get better products. The average consumer looking to buy a family computer was able to budget $1,000 in 1995 for a nifty box with a 1.7GHz and 16Mb RAM, today that paperweight is replaced by the fancy machine sitting in front of you for around the same $1,000. Has there been inflation since 1994? Yep. Does a grand still buy an industry standard computer? Yep. Meanwhile the price of an 8-track tape has risen from the $3.00 I paid for Eric Burdon and the Animals in 1969 to $92.00 when you can find it on eBay.
Finally, the sophomoric drivel that inflation has conspired with evil capitalists to keep your wages artificially low while simultaneously increasing profits in a full employment market. If you depend on minimum wage to meet your financial obligations this would be your perspective. For those of us in the real economic marketplace, we know that minimum wage is historically for those in entry level or part-time employment and traditionally the earning for six months or less. Most wage earners continually earn more as raises, changes in employment and market conditions improve. I feel bad for liberals that cannot increase his income because of their particular challenges, but only in a socialist paradise does the government control what the workers’ make. Personally, I work as a fiscal analyst and my income has risen more than 40% in the past five years from promotions and taking on greater responsibilities. I guess increase in responsibilities to a liberal is going from “Would you like fries with that?” to “Ask the customer if they would like fries with their order.”
I've owned small business and my wife currently owns her business. the only small business owners I know that are liberals are lawyers; the rest of us want government intrusion out of our businesses.
Wage growth is holding up even as fewer jobs are being created, which economists say will help give consumers the means to keep spending. Average hourly earnings in July rose 0.4 percent for a second month. Economists expected a 0.3 percent gain. Compared with the same month last year, hourly earnings were up 3.8 percent after gaining 3.9 percent in the 12 months ended in June.
Any questions?
YAH!
I'm traveling overseas right now and the only news programs are BBC and CNN internationsl. Both of them reported this as if it were a big surprise.
In otherwords it as if they are saying..."despite all the pessimism that we have been feeding you the Dow continues to reach record results...we don't understand what this means...but it can't be good...can this be the party before the collapse?"
"The sky is falling the sky is falling"...Chicken Little CNN News.
Yah,the future's so bright,I gotta wear
shades...
For those in the six-figure income bracket,or
higher, these are indeed sunny times, the
best ever,esp. with those tax cuts designed
specifically for them.The rich have gotten
richer than ever under BushCo.
For the top dozen or two corporations,the ones
that comprise the Dow, the profit margins are
exceptional. Can't complain when almost every
decision that would pit corps. vs. consumers or
corps vs. citizens in congress is decided
pro-corporation! "The business of the gov't
is business" (circa 1929)
For the averaqge Joe & Jopsephine, tho, health
costs are skyrocketing, gas prices are still
high and expected to soar again after the
election, housing prices are outrageous and rents
& utilities are high. In the meantime,wages are stagnant and many jobs are outsourced, replaced by "Wal-mart jobs". They're waiting for some of
that upper-crust economy to trickle down...
Many of us cheer as the bell rings 12,000 on Wall Street. But we know there are millions for which that bell doesn't toll. In a new Wall Street Journal poll, a huge majority of Americans say the stock market's new heights have had no effect on them. Eighty percent of the work force find their paycheck barely keeping up with inflation. These are the economic strugglers out there who worry not just that they can't get ahead, but they can't hold on.
You see their despair in what Democrats are promising voters this year: an uptick in the minimum wage, a promise to leave Social Security alone, a new Medicare drug deal, and government protection of pensions. You feel it in Democratic promises to use subpoena power to probe no-bid government contracts to Halliburton, the giant corporation once headed by Vice President Dick Cheney. To punish the oil companies for price-gouging. To probe the secret meetings with the energy executives. And to freeze Congress's own pay until it raises the minimum wage.
It's a far cry from the optimistic 60s, when Jack Kennedy told us, `A rising tide lifts all boats.' [...] The Democrats are saying we're not all in this together---the bells ringing on Wall Street may be clanging for those at the top, but hardly for everyone. The mid-term election results will tell us if voters agree.
---From The Chris Matthews Show
Can someone give me the answer as to where Wall Mart is purchasing its drugs for such low cost to
the U.S. citizen? A few years ago our government made it illegal for me to purchase drugs from Canada. I am voting a conservative ticket because of the need to vote defensively, but am very unhappy with my fellowman who doesn't see that our representatives and members of our judiciary aren't qualified to handle the complexities of a parking ticket, let alone this wonderful country they have used for pick pocketing schemes only.
Just in case you didn't see the other good news:
http://www.outsidethebeltway.com/archives/2006/10/fiscal_outlook_grim/
We, are, screwed. Thanks George.
3 more, You just can’t help yourself, can you?
You promised to wait until the end of the first quarter of 2007 to spit your doom and gloom, but here you are again. The subject is the enthusiasm of Wall Street at the robust economy, and how much investors’ are banking on continued success, and you’re off to the fiscal scrap yard to find some bad news.
Oh no! The Medicare Prescription Drug, Improvement, and Modernization Act is going to cost money, albeit less than the CBO stated, but it will cost!
And Social Security is doomed! Doomed I tells ya’! Why or why didn’t Bush warn us that Medicare and Social Security need reforming? We should have listened to Pelosi and Reid and stopped those evil tax cuts, of course the imagined revenue from the tax cuts can’t be used to pay for Medicare, or Social Security, and rescinding the tax cuts will cause the Federal Budget to bleed red ink, but we’ll feel good about doing something, even if it’s wrong!
Now, 3more, run along, find a corner to hide in, suck your thumb and keep your end of the world prophesies to yourself; we’ll meet again after the end of the first quarter 2007 like we agreed and you can explain then why the economy hasn’t tanked like you've been promising for months now.
Dimwitted Puke,
Your quote was actually attributed to Warren G. Harding circa 1921 and wasn’t Coolidge in 1929.
As far as the rest, you and Chris Matthews are just wrong, the majority of job creation has been in the professional and white collar jobs; managerial, accounting, finance, health care professionals, doctors, nurses and technicians. Wages have outpaced inflation, and outsourcing has created more managerial and professional jobs reducing the number of clerical and entry level positions in simi-skilled industries.
I suggest you get out of your mom’s basement and get trained for the real world, otherwise you’ll be making minimum wage for years to come.
One small point, if a homes value goes up, that's a good thing to a homeowner; ask your mom.
Bane--
Herbert Hoover was prez in 1929,so your
Jeopardy skills need some improvement.
They say that Manufacturing is down in the U.S.,
but there is still considerable manufacturing of
the facts by self-proclaimed geniuses such
as yourself.
Your ad-hominem attacks are designed to replace
a dearth of real arguments. Your smarmy
perception of my situation also needs
considerable improvement. I had run my own
business for 25 years (you can guess what I
did, I'm sure you'll be typically wrong). I
had to quit last year due to being crippled
in a mugging. Like most small business owners,
I have always been a Liberal.BTW, at least 70%
of the jobs created in this country are from
small business, not from your heroic Corporate
America.
I sincerely apologize; if you ran your own successful business then you are deserving of respect. Apparently it’s only your writing and reasoning skills that are adolescent.
Small business is the reason this economy is robust. As I noted earlier the bulk of the jobs created are in the managerial, accounting, finance, health care professionals, doctors, nurses and technicians. Your 70% is flawed but reasonably close; but doesn’t that contradict the story you libs tell that all the new jobs are “McDonalds burger flipping” jobs? As Harding stated in 1921, it’s business, not corporations that run the engines of wealth creation.
As to the remainder of your liberal talking points, here’s the response I’ve already given too many times to count;
Starting with the premise that wages are increasing slower than inflation; inflation is calculated on buying power and the increase or decrease in wages is instrumental to the inflation calculations. Specifically, the relationship of wages to productivity is the fuel that drives inflation. I can predict what the cerebrally challenged will post next; rising wages don’t cause inflation. I’ll save you the embarrassment from making this specious argument. The relationship between rising wages and productivity assuredly does impact inflation; it’s not the rising wages per se, it’s the outpacing of productivity that is the culprit. Over the past 5 years, wages have grown at a rate that has exceeded inflation in every quarter that has been completed, while wages and inflation have grown at rates slower than the growth of productivity. If wage growth paced with productivity inflation would heat up and the gains would have been wiped out. It is the increase in wages that has caused the Fed to try to slow inflation by raising the benchmark rate. Economists are warning the Fed that they are overreacting to inflation and I agree; mathematically, only a fool tries to subtract percentages as if the comparatives are interchangeable, this is absurd and you’d flunk out of any economics or mathematics class you could take with this nonsense.
Next, the idea that buying power is shrinking because the Consumer Price Index (CPI) shows price increases exceed wage growth. This ignores the simple fact that disposable income has also risen (4.7%) over the previous year, which increased over the year before and the year before that all the while consumer spending has increased; simply stated income increased faster than inflationary pressures.
Economic neophytes traditionally confuse the CPI with inflation. The rise in the CPI probably reflects a long-term trend of rising fuel and health care costs having a ripple affect on the broader economy. While inflation is based on the prices and the propensity to purchase; the logical outcome of consumer purchasing trends rather than the actual rise or fall in prices; otherwise we would include the cost of 8-track tapes in the inflation calculations or the drop in computer costs. People make substitutions; 3moreyears posted that this means if steak becomes too expensive people will settle for hamburger. In its simplest (minded) this is true, but it also means that as the prices of technology drop, consumers will continue to spend the same amount of money and get better products. The average consumer looking to buy a family computer was able to budget $1,000 in 1995 for a nifty box with a 1.7GHz and 16Mb RAM, today that paperweight is replaced by the fancy machine sitting in front of you for around the same $1,000. Has there been inflation since 1994? Yep. Does a grand still buy an industry standard computer? Yep. Meanwhile the price of an 8-track tape has risen from the $3.00 I paid for Eric Burdon and the Animals in 1969 to $92.00 when you can find it on eBay.
Finally, the sophomoric drivel that inflation has conspired with evil capitalists to keep your wages artificially low while simultaneously increasing profits in a full employment market. If you depend on minimum wage to meet your financial obligations this would be your perspective. For those of us in the real economic marketplace, we know that minimum wage is historically for those in entry level or part-time employment and traditionally the earning for six months or less. Most wage earners continually earn more as raises, changes in employment and market conditions improve. I feel bad for liberals that cannot increase his income because of their particular challenges, but only in a socialist paradise does the government control what the workers’ make. Personally, I work as a fiscal analyst and my income has risen more than 40% in the past five years from promotions and taking on greater responsibilities. I guess increase in responsibilities to a liberal is going from “Would you like fries with that?” to “Ask the customer if they would like fries with their order.”
I've owned small business and my wife currently owns her business. the only small business owners I know that are liberals are lawyers; the rest of us want government intrusion out of our businesses.
Wage growth is holding up even as fewer jobs are being created, which economists say will help give consumers the means to keep spending. Average hourly earnings in July rose 0.4 percent for a second month. Economists expected a 0.3 percent gain. Compared with the same month last year, hourly earnings were up 3.8 percent after gaining 3.9 percent in the 12 months ended in June.
Any questions?
"The business of the government is business"
Regarding Coolidge, Joseph Heller in "Catch-22" first attributed the quote to Coolidge; "But the business of the government is business," he remembered alertly, and continued with elation. "Calvin Coolidge said that, and Calvin Coolidge was a President, so it must be true."
No one ever attributed the quote to Hoover, you lose again. Face it; you're in over your head here.
"Like most small business owners,
I have always been a Liberal." Puke and die
There is absolutely NO SUPPORT for this assertion unless you live in OLD Europe.
Aside for lawyers mentioned above the only other small businessmen that are liberals grow pot and deal drugs. Which were you??
Mugged in a drug deal gone bad??? Or by a pissed off client?
Seriously though, the Chamber of Commerce represents the small business interests in this country and it is DECIDEDLY conservative. My only objection to them is that they soft on illegal immigration.
BTW, at least 70% of the jobs created in this country are from small business, not from your heroic Corporate America." puke and die
True, and I distinctly remember during the CLinton Presidecy that Hillary made the arrogant pronouncment that small business that are underfunded (which is most of them) should go out of business. Her decided preference is for BIG CORPORATIONS. Why?? Because they can be counted on for BIG donations (read political extortion), and serve as a convenient punching bag for Liberal politicians.
BTW I'm sorry to hear that you were crippled by a mugging. Dollar to donuts it was a criminal who was released on his own recognisance by a liberal judge. You reap what you sew.