A 200 billion dollar savings

[Velleity]

The real Velleity finally decides to speak.

Thanks. 

You're welcome Ivan.

[Velleity]

It's pretty clear that you don't understand the first thing about economics and you completely missed what I was saying. What happens when demand increases? The answer is that price goes up. What happens when demand decreases? The answer is prices go down.

So if demand for labor here decreases what happens to compensation? If demand for labor in India increases what happens to compensation there?

So now try to use your two neurons to understand what I meant by "equalization." It's not "socialism" dumbass. That's economics 101 and it's pure, unadulterated capitalist.

Clearly though you're not a capitalist. You're just an uninformed dullard, like Ivan.

[makesenseplease]

It's pretty clear that you don't understand the first thing about economics and you completely missed what I was saying. What happens when demand increases? The answer is that price goes up. What happens when demand decreases? The answer is prices go down.

So if demand for labor here decreases what happens to compensation? If demand for labor in India increases what happens to compensation there?

So now try to use your two neurons to understand what I meant by "equalization." It's not "socialism" dumbass. That's economics 101 and it's pure, unadulterated capitalist.

Clearly though you're not a capitalist. You're just an uninformed dullard, like Ivan.

Seldom will I thank anyone if I do not mean it.

I was actually impressed by what you said.  I was particularly impressed when you said this--"Finally we must work hard and be creative".

I knew you had it in you.

Out of curiousity, did you think I was smearing you when I said "the real Velleity decides to speak".

If you thought that was a smear all I can do is offer you my deepest apologies

[Pepsi]

"Banks won't lend money to people who don't have an income"?

I could have sworn you just said America is better off now the the banks have money to lend.  My mistake.  I didn't think you were talking about the India.

I did say it and meant it, yes.   Just about every small and large business depends on credit to operate.   Banks employ risk management techniques, that's what your credit score is all about.  If your credit score is good you'll be in good shape to get a loan.   If you are behind on payments, missed payments, have a lot of debt and / or no income, they're not going to loan money to you because you haven't demonstrated you are able to pay it back.  

[Pepsi]

If you believe in classical economic theory, no trend continues unabated. Part of the solution here lies in equalization of the standard of living. Part of the solution also lies in devaluation of our currency. Finally we need to work hard and be creative.

Agreed.   But we have to realize how @#$# much equalization there remains.   Something like 800 million Indians don't have electricity yet.   These Indians we're outsourcing jobs to at $8000/year are the rich in India.   Once their incomes have improved and standard of living goes up, there's still a hell of a lot of third world for the corporations to hire at low wages.   I don't see this equalization trend abating in our lifetime, that's for sure.

[Velleity]

Agreed.   But we have to realize how @#$# much equalization there remains.   Something like 800 million Indians don't have electricity yet.   These Indians we're outsourcing jobs to at $8000/year are the rich in India.   Once their incomes have improved and standard of living goes up, there's still a hell of a lot of third world for the corporations to hire at low wages.   I don't see this equalization trend abating in our lifetime, that's for sure.

Maybe, but it's inevitable. This is the cost of globalization and we can blame a lot of our past administrations, but the fact is that it was inevitable anyway.

Think about it. The incentives are too great. Trying to prohibit this would inevitably lead to black and gray markets.

[Velleity]

Seldom will I thank anyone if I do not mean it.

I was actually impressed by what you said.  I was particularly impressed when you said this--"Finally we must work hard and be creative".

I knew you had it in you.

Out of curiousity, did you think I was smearing you when I said "the real Velleity decides to speak".

If you thought that was a smear all I can do is offer you my deepest apologies

Sorry. It was I who misunderstood you apparently. Your apology is accepted of course but it seems I need to apologize to you. Obviously I thought you were pulling an Ivan on me and I guess I was wrong, so I'm sorry.

Nevertheless the real Velleity always speaks.

[Observer]

Saying the administration "saved" 200 billion dollars by not spending money they don't have is even more ludicrous than saying I saved 80 Grand by not buying the Shelby 500KR I was thinking about last year.

[ivanm]

It's pretty clear that you don't understand the first thing about economics and you completely missed what I was saying. What happens when demand increases? The answer is that price goes up. What happens when demand decreases? The answer is prices go down.

So if demand for labor here decreases what happens to compensation? If demand for labor in India increases what happens to compensation there?

So now try to use your two neurons to understand what I meant by "equalization." It's not "socialism" dumbass. That's economics 101 and it's pure, unadulterated capitalist.

Clearly though you're not a capitalist. You're just an uninformed dullard, like Ivan.

Are you a capitalist?  I think not, judging from your previous remarks. Even a dullard can see what you are up to.

[makesenseplease]

I'm a liberal American.  I don't need to know anything about capitalism.

The constitution gives me the right to every dollar that I earn.

The constitution also gives me the right to every dollar that you earn as long as I have something that you need or if I do some work that you think is worth the money. 

This is my opinion of Spreading the wealth.

I'm no constitutional scholar but I live in America.  I have the right to vote for the person that will enforce the constitution and not spend his time "debating"  the constitution. 

The constitution gives me the right to take responsibility for my own actions and words.

Didn't mean to jump off topic.   

[Pepsi]

The government is running out of ways to help the economy as the US faces major issues regarding credit and employment ahead, banking analyst Meredith Whitney told CNBC.

"I think they're out of bullets," Whitney said in an interview during which she reinforced remarks she made last month indicating she is strongly pessimistic about the prospects for recovery.

Primary among her concerns is the lack of credit access for consumers who she said are "getting kicked out of the financial system."

http://www.calculatedriskblog.com/2009/12/book-review-american-apocalypse.html

[ivanm]

Seldom will I thank anyone if I do not mean it.

I was actually impressed by what you said.  I was particularly impressed when you said this--"Finally we must work hard and be creative".

I knew you had it in you.

Out of curiousity, did you think I was smearing you when I said "the real Velleity decides to speak".

If you thought that was a smear all I can do is offer you my deepest apologies

He has been pouting  ever since I callled him for what he really is, a wannabee socialist activist.  He has some company on this forum in case you hadn't noticed. 

[IM2]

Observer,

Saying the administration "saved" 200 billion dollars by not spending money they don't have is even more ludicrous than saying I saved 80 Grand by not buying the Shelby 500KR I was thinking about last year.

You supported the wars, and it seems that you did not worry one bit about the cost, the waste, whether or not we had the money to fight or anything else.

vel,

Agreed.   But we have to realize how @#$# much equalization there remains.   Something like 800 million Indians don't have electricity yet.   These Indians we're outsourcing jobs to at $8000/year are the rich in India.   Once their incomes have improved and standard of living goes up, there's still a hell of a lot of third world for the corporations to hire at low wages.   I don't see this equalization trend abating in our lifetime, that's for sure.

So to be blunt, conservatives don't to mind income redistribution  as long as americans are not part of the redistribution and they can make large profits.