Obama appoints RIAA lawyers...

[Fry]

@Moruitelda

Unfortunately, my Bachelor’s in History and Political Science

:lol: I knew there had to be a reason why our disagreements didn’t descend into “no you’re dumb!” “No you’re dumber!”

Anyone else remember that this thread is about Obama closing the internet? :mamoru:

[Fry]

@Blue Eyed Devil

We have talked about the economy time and time again, it is far too complex for this format.

:word: It’s a soft science at best anyway, so put it on an internet forum and different ways of viewing and interpreting economics goes from valuable to trash faster than a new Chrysler driving off the lot.

[Eazy716]

@Fry

:word: It’s a soft science at best anyway, so put it on an internet forum and different ways of viewing and interpreting economics goes from valuable to trash faster than a new Chrysler driving off the lot.

:lol:

[Geehee]

@Joe

If I hear one more fucking conservative that doesn’t know jack shit about macroeconomics spout off the line that the economic boom under clinton was because of reagan I am going to partial-birth abort them. That was a bullshit line fabricated by Rush Limbaugh et al as a sound byte and they ate it up to the tune of still repeating it 15 years later.

epic lulz

[Moruitelda]

Last several posts all made me laugh.

[StrokedZ28]

@Moruitelda

People cannot be allowed to starve on the streets. This does not mean that we should create jobs with artificially high wages that serve no purpose to the economy. If there are available, unskilled workers, the economy will provide employment, if there is capital available to entrepreneurs to start new businesses or to expand their existing businesses. Whether it’s retail, customer service, or basic production, we don’t need to have the basic jobs in our country.

Those same workers can build and improve roads, infrastructure, development of our renewable natural resources. If we expand student loan funding, most can go back to school and get themselves better qualifications so they can become police, firemen, accountants, doctors, lawyers, engineers, and managers. We need basic production jobs, don’t get me wrong. But we don’t need ones that are a net drain on the economy rather than a boon to it. Those people and those resources can be better allocated elsewhere.

There are too many people in production to fill these rolls that you say they can. My argument is that these positions are not drains on the economy. If the UAW can be a bit more realistic then you wouldn’t see as many problems. Also if the Big Three were to have made a quality product they wouldn’t have had as many problems either. There are over 300 million Americans, they can’t all be doctors or construction workers. You need to have a solid manufacturing sector and take away some of the incentives that make the cheap labor so lucrative.

[JEG]

@Joe

Yeah, unfortunately both of our degrees are in fields where everyone has an opinion, and the more uninformed, the louder people generally are about theirs, to compensate. (See: O’Reilly, Bill, Limbaugh, Rush.)
The political party breakdown in the last study of economists was Democrat: 47%, Republican: 10% Independent/Non-affiliated: 43%. These are generally very wealthy, overwhelmingly white, and overwhelmingly male. Hardcore republican demographic, traditionally. Doesn’t that tell you something about who truly understands the economy?

yeah the ones who are successful lmfao.

[JEG]

@Joe

…sure pal. or i gave up politics on here until the inauguration, at the minimum, because I think a rock would absorb more of what i’m saying.

Oh wait, I’m sure the experience you get plunging the toilets at darien lake taught you far more about the economy than my masters in economics and finance. I tip my hat to you, sir. Please tell me more about current macroeconomic issues. I’ll talk about toilets.

for someone so educated you are fairly ignorant.

Oh BTW, if the economy does completely tank and we go into a depression…guess who is going to have a job and who isnt people need water.

[Moruitelda]

@JEG

yeah the ones who are successful lmfao.

Wrong. Successful people understand an aspect of the economy, usually. Bill Gates is not an economist. He’s a software developer and businessman. Businessmen understand how to make money. Economists understand how large amounts of money interact with individuals, groups, businesses, and political entities. While some successful businessmen may have an advantage in understanding economics, it’s almost never the self-made, uneducated, Joe who is successful. Those who are successful in the large scale are usually well-educated, often Doctors in Economics, Law, or Business.

Richest people in the world:
1 - Warren Buffett - Columbia - Business
2 - Carlos Slim Helu - U.N.A.M. - Engineering
3 - Bill Gates - Harvard - Software
4 - Lakshmi Mittal - St. Xavier College - Commerce
5 - Mukesh Ambani - Abaay Morischa School - Chemical Engineering // Stanford University - MBA
6 - Anil Ambani - Bombay - BA/BS // UPa - MBA
7 - Rinat Akhmetov - Donetsk University - Economics
8 - Ingvar Kamprad - Finally, a self made man! - Founder of IKEA
9 - Kushal Pal Singh - Another!
10 - Oleg Deripaska - Moscow State University - Physics // Plekhanov Academy of Economics
11 - Karl Albrecht - Self-made
12 - Li Ka-shing - Self-made
13 - Sheldon Adelson - City College of New York
14 - Bernard Arnault - Ecole Polytechnique - Engineering
15 - Larry Ellison - University of Illinois, University of Chicago
16 - Roman Abramovich - Moscow State Law Academy
17 - Theo Albrech - Self-made
18 - Liliane Bettencourt - Inherited L’Oreal from her father, Eugene Schueller, a chemist.
19 - Alexei Mordashov - Leningrad Engineering-Economical Institute - Economics // Northumbria University - MBA
20 - Al-Waleed bin Talal - Menlo College - Business Administration // Syracuse University - Social Science // Also, Saudi Royalty

Well, 2 (at the bottom) of the top ten are self-made! The others are highly EDUCATED, including 2 with graduate Economics degrees, 2 MBAs, a Commerce and a Business.

As far as education being able to “make up for experience,” education IS a type of experience, one of the best, as it prepares you for a vast array of paths.

[JEG]

@Moruitelda

People cannot be allowed to starve on the streets. This does not mean that we should create jobs with artificially high wages that serve no purpose to the economy. If there are available, unskilled workers, the economy will provide employment, if there is capital available to entrepreneurs to start new businesses or to expand their existing businesses. Whether it’s retail, customer service, or basic production, we don’t need to have the basic jobs in our country.

Those same workers can build and improve roads, infrastructure, development of our renewable natural resources. If we expand student loan funding, most can go back to school and get themselves better qualifications so they can become police, firemen, accountants, doctors, lawyers, engineers, and managers. We need basic production jobs, don’t get me wrong. But we don’t need ones that are a net drain on the economy rather than a boon to it. Those people and those resources can be better allocated elsewhere.

I completely understand where you are coming from and agree to a point. People at manufacturing jobs are grossly overpaid for what they do. The problem is, that while they are overpaid, while we retain these jobs in the US, these people are going out and spending their money, which supports the economy and keeps it going. When companies go elsewhere, now you have more and more people without jobs, nobody is spending a dime, and it starts a downword spiral for the economy.

[JEG]

@Moruitelda

Wrong. Successful people understand an aspect of the economy, usually. Bill Gates is not an economist. He’s a software developer and businessman. Businessmen understand how to make money. Economists understand how large amounts of money interact with individuals, groups, businesses, and political entities. While some successful businessmen may have an advantage in understanding economics, it’s almost never the self-made, uneducated, Joe who is successful. Those who are successful in the large scale are usually well-educated, often Doctors in Economics, Law, or Business.

Richest people in the world:
1 - Warren Buffett - Columbia - Business
2 - Carlos Slim Helu - U.N.A.M. - Engineering
3 - Bill Gates - Harvard - Software
4 - Lakshmi Mittal - St. Xavier College - Commerce
5 -

So its the poor people that understand the economy? :gotme: I was being sarcastic noob. chill.

[Joe]

@JEG

for someone so educated you are fairly ignorant.

Oh BTW, if the economy does completely tank and we go into a depression…guess who is going to have a job and who isnt people need water.

dude you dont even have a job without the depression

[Moruitelda]

@JEG

I completely understand where you are coming from and agree to a point. People at manufacturing jobs are grossly overpaid for what they do. The problem is, that while they are overpaid, while we retain these jobs in the US, these people are going out and spending their money, which supports the economy and keeps it going. When companies go elsewhere, now you have more and more people without jobs, nobody is spending a dime, and it starts a downword spiral for the economy.

I’m perfectly aware of that. I never said I think those jobs should dry up and go away, and leave us with unemployed. We need to stop acting as if any jobs getting up and leaving is a bad thing, and look at maximizing our efficiency, productivity, and work at bringing in jobs whose value can support the wages our workers expect.

E: I didn’t know you were joking. Thought you were trying to argue that education is no substitute for experience (it’s not, but they’re not mutually exclusive, like uneducated, experienced people like Cavi Mike would have you believe - I’ll take the person with both, thank you).

[Fry]

@Joe

dude you dont even have a job without the depression

Dude warn me when you post shit like that. Half the class thinks I’m choking right now.

[JEG]

@Moruitelda

I’m perfectly aware of that. I never said I think those jobs should dry up and go away, and leave us with unemployed. We need to stop acting as if any jobs getting up and leaving is a bad thing, and look at maximizing our efficiency, productivity, and work at bringing in jobs whose value can support the wages our workers expect.

E: I didn’t know you were joking. Thought you were trying to argue that education is no substitute for experience (it’s not, but they’re not mutually exclusive, like uneducated, experienced people like Cavi Mike would have you believe - I’ll take the person with both, thank you).

its all good I was just being a dick. Education is VERY important as is experience. It doesnt matter how educated you are if you have no actual experience, you will suck untill you get some. They go hand in hand.

[psychopjv]

good thread would read again A+++++.

[JEG]

@Joe

dude you dont even have a job without the depression

:biglol: touche

[Fry]

lol I can’t help but like Jeg…

[JEG]

@Fry

lol I can’t help but like Jeg…

Hey I got no problem laughing when something is funny, even if it is directed at me. I take it all in stride. Besides…that was really fucking funny lol.

[Fry]

:tup: