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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (736231)	8/31/2013 12:43:34 PM
From: i-node	Respond to of 1578706

>> You're just pimping your economic book, with no evidence. You're wrong. Have no idea what economic book you're referring to; I have really read much economics at all in the last year. But almost everyone agrees that the economic surge of the late 90s had a strong component of technological growth in IT (also attributable to Clinton's tax cuts and improved fiscal policy). This was addressed at some length in papers Jorgenson & Stiroh as well as Oliner and Sichel, and three of the four followed it with a paper in 2007. Their findings? ". . . show that a combination of accelerating technical progress in high-tech industries and the resultant investment in IT are driving recent productivity gains in the US". It is very strange that liberals are unable to comprehend this simple fact. Walmart employs more people than any non-government entity in the country, roughly about 2 million people. Yet, you think this happens somehow without massive investment in infrastructure. I think a great example is WMT opening a store in a small town that has no WMT previously. I saw this happen in a small town in Arkansas a while back -- their biggest general goods store prior to the WMT opening was a Dollar Store. After WMT opened, an entirely new neighborhood of business opened around it -- within about five years the area was totally reformed. This was in a town of a few thousand, and now, out of the blue after WMT locating there, you have everything from pizza to cellular to clothing stores within a minute's walk of the WMT - even though WMT itself was selling all those items. Had WMT not been profitable and had the evil WMT shareholders decided to pay its employees more, there would have been no money for that expansion and the entire town would have suffered.