Holy Hell: Repukes are wrong! The Wealthy don't create jobs...

[tuolumnejim]

OMG Trickle down stupidity

Here here, very well said. 

[Airwolf]

I'll be the first to admit that I have very little understanding about how our economic system works.  But even I know that what these DUmmies just said is more retarded then a sack full of drunken clowns.

What you said.

[JohnnyReb]

Everyone knows it's homeless people that drive our economy. They steal grocery carts which creates a demand for more carts thereby generating supply and demand.

...and it's the grocery cart industry that Obama wants to increase to make jobs for everyone.

[DumbAss Tanker]

I often wonder if you turn a DUmmie upside down and shake it if a couple of brain cells fall out.

Well, what do you get when you do that with a freshly-washed, unfilled salt shaker.....?

 

[ScubaGuy]

I think greyhound is shooting for DUmmie of the year.

melm00se  (723 posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Oct-21-08 03:08 PM
Response to Original message
24. this is a chicken or the egg argument
   
while it is certainly true that the demand for goods and services drive the creation of jobs and that demand comes across economic lines.

it is also equally true that those with (or have access to) capital are best in a position to respond to those demands by being able to source the necessary equipment and physical locations to employ the worker.

like i said: chicken or the egg.

greyhound1966  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Oct-21-08 03:14 PM
Response to Reply #24
26. That is what the republiks would like you to believe, however it is not true.
   
Let's see what the most famous Republik of all said about that myth...

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if Labor had not first existed. Labor is superior to capital, and deserves much the higher consideration." - Abe Lincoln in his first inaugural address.

Things were a bit different in Abe's day.

melm00se  (723 posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Oct-21-08 03:57 PM
Response to Reply #26
29. what sort of magic
   
creates the:

raw materials?
the tools?
the facilities?
the distribution mechanism?

or does this all just magically materialize?

in Lincoln's pre-industrial revolution economy it was far easier to manufacture items as the capital intensive equipment was less a necessity than was a person's manual skill but in today's economy having (or having access to) capital is an absolute imperative.

take as an example something that I have been kicking around (at least until the economy and credit markets tanked): I want to open up a corner bar/restaurant: My capital equipment costs alone I estimate at $150K...I don't know about you but that ain't exactly walking around pocket change...I need to have (or have access to) that plus another $100K or so to get it off the ground...not matter how much demand there is for my service.

OTOH, no matter how much I am willing to put into the business, I can't sell my product/service without demand...

chicken or the egg, which came 1st?

greyhound1966  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Oct-21-08 05:05 PM
Response to Reply #29
30. Raw materials are from the earth and all the rest comes from labor.
   
Thanks for playing.

Just because someone has been stealing from the same store year after year doesn't mean the thieves own the store.

I think I'll go out in the back yard and get a bottle of that 12 year old Glenmorangie that's been growing wild out there.  I need a drink.

 

golddigger  Donating Member  (1000+ posts) Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Oct-21-08 03:30 PM
Response to Original message
28. Damn, that's right! People demand goods and services and "POOF!"
   
They magically appear. No one with capital invest is involved at all. Yeah, and Santa Claus produces these goods and services for the little people to buy.

What I'm trying to say here is, there has to be a PRODUCER somewhere in the mix or do people create demand and the items just *poof* magically appear? And who will be more apt to PRODUCE something? The wealthy for one, YES, but it will depend on them to also pass along or LOAN out resources for these NOT wealthy to PRODUCE as well.

[Carl]

greyhound1966  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Oct-21-08 05:05 PM
Response to Reply #29
30. Raw materials are from the earth and all the rest comes from labor.
   
Thanks for playing.

Just because someone has been stealing from the same store year after year doesn't mean the thieves own the store.

In the words of Ron White....."You can`t fix stupid"

[Duke Nukum]

greyhound has to be an Massachusetts economics professor! 

[Texacon]

greyhound1966  (1000+ posts)  Journal  Click to send private message to this author  Click to view this author's profile  Click to add this author to your buddy list  Click to add this author to your Ignore list      Tue Oct-21-08 05:05 PM
Response to Reply #29
30. Raw materials are from the earth and all the rest comes from labor.
   
Thanks for playing.

So .... let's see if I understood this.  Basically it is saying "If I come, it will be built"?   

KC

[Chris]

So .... let's see if I understood this.  Basically it is saying "If I come, it will be built"?   

KC

Coal mines itself.  Ditto for gold, oil, and diamonds.

[Chris_]

Coal mines itself.  Ditto for gold, oil, and diamonds. :whatever:

And the poor create jobs.