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

To: RetiredNow who wrote (1036410)	11/1/2017 6:52:00 PM
From: THE WATSONYOUTH	2 Recommendations Recommended By FJB locogringo Respond to of 1573920

......very astute analysis except for one thing...............you are posting it to an idiot.

To: RetiredNow who wrote (1036410)	11/1/2017 7:29:57 PM
From: zzpat	Read Replies (2) \| Respond to of 1573920

I am always interested. Always. I'll point out a few obvious flaws in your argument, not in any particular order. 1) the unemployment rate you seek is called U6, everyone who is unemployed. While the "official rate" is far lower than U6 the trend in U6 has fallen dramatically since the GR. You see fakery where there is none. 2) savers are not consigned to only save. Savers make money ONLY when inflation is roaring. When inflation is tame savers put their money into equities. When inflation is tame savers put money into banks. Money is not cemented in one instrument. It's fluid. 3) capital formation (new businesses) were in decline a long time before the GR. Since the late 1990s we lost about half of the companies we can invest in. By any standard, this is a historic collapse that began long before the GR. Since the process was underway before the GR blaming the GR is futile. 4) The feckless Congress you think only recently learned how to spend after the GR has, in fact, spent like there was no tomorrow long before the recession. I submit the following facts. a) the debt nearly tripled under Reagan b) the debt doubled under Bush c) republicans signed promises to never raise taxes d) republicans cut taxes (and never raised revenue to pay for their spending) e) republicans cut taxes after they went to war (a war that cost $5000 per second at its peak). If anyone is shocked that the debt is rising it's only because they choose to be ignorant.