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  1. Dan8267


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    1   4:14pm Fri 17 Oct 2014   Share   Quote   Permalink   Like (8)   Dislike   Delete  

    rooemoore says

    Nice assclown post to stir the pot.

    If Patrick wanted to increase traffic to this site, he would post pictures of scantily clad women like these.







    If you need more examples, I can do further research.

  2. CaptainShuddup


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    2   10:32am Thu 16 Oct 2014   Share   Quote   Permalink   Like (7)   Dislike (1)   Delete  

    Quick someone print an American leader!

  3. iwog


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    3   9:25am Tue 21 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike (1)   Protected  

    dodgerfanjohn says

    Thats pretty disingenuous considering:

    The trend actually reached its peak somewhere in the middle of the Reagan administration, and trended most sharply downward during the tail end of Bush Jr and Obama's watch.

    1. Reagan's massive changes to tax and trade didn't occur until 1983.
    2. They would not have even started to impact the economy until 1984.
    3. It's obvious that any economy would take several years to adjust as people learn to take full advantage of the new laws.
    4. The only significant INCREASE to taxes on the rich occurred during the Clinton administration in 1993. Otherwise ALL tax and trade policy, including that under Obama was passed by Republicans.
    5. I don't blame/credit presidents. I blame/credit policy. The policy trends are crystal clear and cannot be rebutted by you or anyone else. Taxes on the rich have been decimated from 1983 onward.

    So how am I being disingenuous?

  4. iwog


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    4   8:58pm Sun 19 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike (2)   Protected  

    He might as well be asking "Prove a rising thermometer causes ice to melt".

    Idiocy.

    Inflation is the natural result of consumers increasing their demands on production thereby moving money, creating jobs, and growing the economy. Inflation generally means wages are increasing. Inflation generally means things are getting more expensive because people are living better and spending more money.

    Inflation isn't the goal. Inflation is simply one measurement of success.

    Unfortunately the same can't be said about deflation. Deflation causes people to hoard cash. Deflation causes people to delay purchases. Deflation prevents investment and crushes jobs. Deflation is an evil all by itself.

    80 years ago during the last Great Depression, everyone knew deflation had serious horrible economic consequences. It's only because most of the citizens who lived through that event are dead that the Ayn Rand re-education camps can again try to convince people that they would be better off if prices were dropping.

    Very sad state of affairs. 3 years and counting until this charade is terminated.

  5. zzyzzx


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    5   6:00pm Sat 18 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike   Delete  

    It's all Obama's fault!!!

  6. APOCALYPSEFUCKisShostikovitch


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    6   2:50pm Sat 18 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike   Delete  

    RBEC, you are the slimy, barking pestilence that crawls from a camel's asshole after it eats dead, maggot-ridden rats and monkey shit scraped from the jungle floor. Only not as rhetorically elegant.

  7. The Professor


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    7   12:49pm Sat 18 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike (2)   Protected  

    Healthcare for all, not insurance reform!

    Cut out those blood sucking middlemen!

  8. Ceffer


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    8   10:17pm Fri 17 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike   Delete  

    I thought you had to be a troll to even post here, or be banished.

  9. zzyzzx


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    9   7:10pm Fri 17 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike   Delete  

    I'm adding this story to my long list of liberal hypocracy...

  10. iwog


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    10   6:45pm Fri 17 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike (2)   Protected  

    You're going to have a stroke if you don't calm down.

  11. Peter P


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    11   10:45pm Thu 16 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike   Protected  

    So, men are just more easily satisfied. Anything new?

  12. Vicente


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    12   12:04pm Wed 15 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike (1)   Delete  

    Hey doesn't the Captain live in Florida?

  13. iwog


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    13   9:00am Wed 15 Oct 2014   Share   Quote   Permalink   Like (6)   Dislike   Protected  

    This is a particularly nasty time to be making large financial decisions. I liked saying BUY BUY BUY back in 2009-2012 when it made all the sense in the world.

    I would say hold off on buying a house for now and put all your cash in the stock market after the dow drops below 14,000. Hang on tight until 2017, sell everything, then buy a house in 2019 or 2020. Rent until then.

    Alternatively, buy a unit now while the RE market is cool and you'll still do okay in the long run.

  14. iwog


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    14   9:11am Tue 21 Oct 2014   Share   Quote   Permalink   Like (5)   Dislike (2)   Protected  

    A trend that started with Reagan and the massive radical changes to our tax and trade codes was not Obama's fault.

    In fact it is currently the Tea Party that wants to make these changes even more extreme.

    Vote Republican, cut your own financial throat. It's as simple as that.

  15. iwog


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    15   9:00am Tue 21 Oct 2014   Share   Quote   Permalink   Like (5)   Dislike (4)   Protected  

    Voting Republican has consequences.

    Extend the trend line to 2017, compare it with 1929, and then you'll understand why I'm going to be right.

  16. turtledove


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    16   1:12pm Mon 20 Oct 2014   Share   Quote   Permalink   Like (5)   Dislike   Delete  

    OMG! Middle schoolers have invaded the board.

  17. HydroCABRON not hydrocarbon


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    17   10:17am Mon 20 Oct 2014   Share   Quote   Permalink   Like (5)   Dislike (1)   Protected  

    Real dollar tax receipts are indeed lower, but you're ignoring second-order effects along the imaginary axis, plus other interactions in the j and k quaternion coordinates.

    At lower tax rates these generate time dilation through the quasi-Hilbert stress-energy tensor, resulting in the same revenues (real and imaginary) collected per unit time, and hence more revenue collected per year. Essentially, the total revenue (in an inertial frame) in real dollars remains constant, but years become longer, more than compensating for the shortfall.

    Therefore another tax cut, which would place Kansas into a region of higher spacetime curvature, would generate far higher revenues than Kansas has historically achieved.

    The solution is clear: another tax cut.

    Some people get so fixated on the arithmetic that they can't zoom out and see the big picture.

  18. iwog


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    18   10:09am Mon 20 Oct 2014   Share   Quote   Permalink   Like (5)   Dislike   Protected  

    CaptainShuddup says

    Rent only declined because landlords all over America feared the same result.

    Nominated.

  19. deepcgi


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    19   5:31am Mon 20 Oct 2014   Share   Quote   Permalink   Like (5)   Dislike (1)   Delete  

    Mr. Krugman and iWog:

    Let me get this straight...

    Saving money is bad. Tightening my belt and living within my means is bad. Voting for politicians who believe that government should also live within its means is bad. Encouraging economic policies where energy, homes, and other costs of living decrease is bad.

    Having the government issue itself as many credit cards as it wants is good, provided it is propping up the right asset prices, like real estate, energy, and other costs of living. But prices dropping and making things more affordable is bad because it is a sign of "deflation" - which is a sign of rich people's wealth disappearing.

    And the government can issue itself as many credit cards as it wants, because they are now geniuses who have mastered the art of avoiding runaway inflation. And yet somehow, the government clearly has not issued itself nearly enough credit cards, because there seems to NOT be enough inflation right now.

    And you are saying that when an asset like real estate increases by large amounts over short periods of time, but common wages do not, that is always a good thing, because the right kind of people are making money.

    And finally, wealthy people who are taking advantage of all of these government credit cards should always vote Democrat, because democrats make noises like they are fighting to spend more of the credit card money to make the costs of living for lower class people more reasonable (and that gives wealthy people warm fuzzies at nightey-night when their fat heads hit their fat pillows). Those nasty evil republicans want to spend the credit card money, too, but they are evil because they want to spend it overseas and on wars and on people that are even richer than you are.

    Wow. And I do mean, WOW. My father who grew up in the depression and went from a homeless child to a successful civil engineer, who put all of his kids through university, taught me all the wrong things.

  20. marco


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    20   3:42am Sun 19 Oct 2014   Share   Quote   Permalink   Like (5)   Dislike (1)   Delete  

    We're #1 in saying that we're #1, that's for sure.

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