Economics Thread

[sturg33]

And, dumbest member of Congress? For real? What do you base THAT on?

Timely

[thethe]

Interesting how the left talks about morality and yet they push aside religion.

Who determines what is moral?

[57Brave]

and this hand fits neatly inside the "what propaganda glove".


Brian Stelter
‏Verified account @brianstelter
2h2 hours ago

This is how @FoxAndFriends tricks viewers:

@Kilmeade said @AOC "wants people taxed as high as 80, 90%

if you make $10 million or more."

Huh?

She said "60 or 70%" on "your 10 millionth dollar."

[thethe]

Oh yeah - I'm sure its going to stop there once they realize that it only pays for a small fraction of her outrageous proposals.

[Julio3000]

Well she lied about her upbringing by stating that she is a 'Bronx' girl. As you know the implication is that this is equivalent to poverty.

She also espouses the 'little person' and yet wore designer apparel for a photo shoot that her constituency could not dream of ever affording.

So yes, when she lies (misleads - whatever you want to call it) and is hypocritical then she deserves to be criticized.

However, the OVERWHELMING majority of the criticism she receives is based on her absolute bat**** crazy economic ideas.

Ok, so she’s not being criticized for anything except policy, except when she is, in which case it’s warranted.

So wearing expensive clothes in a photo shoot—which clothes, to be clear, she did not own—is hypocritical somehow?

Let me get this part straight: she was born in the Bronx to a Bronx native and a Puerto Rican immigrant. She lived there in early childhood, moved to the ‘burbs, then moved back after college and has lived there since. Her father died when she was a teen and her mother cleaned houses and drove buses to support their family. You’re seriously saying that she can’t rightfully claim to be a) working class or b) from the Bronx?

Now, personally, I don’t think one has to be a 100% authentic working class hero in order to be an advocate for the working class, but ymmv.

[thethe]

Ok, so she’s not being criticized for anything except policy, except when she is, in which case it’s warranted.

So wearing expensive clothes in a photo shoot—which clothes, to be clear, she did not own—is hypocritical somehow?

Let me get this part straight: she was born in the Bronx to a Bronx native and a Puerto Rican immigrant. She lived there in early childhood, moved to the ‘burbs, then moved back after college and has lived there since. Her father died when she was a teen and her mother cleaned houses and drove buses to support their family. You’re seriously saying that she can’t rightfully claim to be a) working class or b) from the Bronx?

Now, personally, I don’t think one has to be a 100% authentic working class hero in order to be an advocate for the working class, but ymmv.

Would you like to weight how often she is criticized for what? And yet the impression that is given is that she is criticized solely because she is young, a women, and Puerto Rican. Its a scam to shroud the fact that she is a complete idiot and has no clue what she is talking about.

Please, maybe you have no clue what New York is like but when you say you are from the Bronx it means something much different than where she was born and raised. She is actually a prime example of how our system works in that she went to a good school and because a congresswomen and yet she wants to radically change the system. Funny...

[thethe]

Not sure if I missed Julio but are you satisfied with wage growth yet? The fact that more people are entering the workforce?

What about the current administrations economic agenda isn't working for all americans?

[thethe]

[Julio3000]

I’m glad that wages are continuing to tick up, though barely at a rate that outpaces inflation. I’m glad that wages for the lower percentiles are relatively stronger—though state minimum wage hikes have a lot to do with that along with the strong job market. I hope it continues and I’m not confident that the volatility from the leadership will promote that.

[thethe]

I’m glad that wages are continuing to tick up, though barely at a rate that outpaces inflation. I’m glad that wages for the lower percentiles are relatively stronger—though state minimum wage hikes have a lot to do with that along with the strong job market. I hope it continues and I’m not confident that the volatility from the leadership will promote that.

A large portion of the inflation that you are quoting has to do with home prices and those home prices have overwhelming spiked in coastal areas (such as Long Island where I live). Therefore, the inflation hasn't impacted real wages locally in areas outside of the coasts. The people that voted for this agenda are benefiting greatly currently.

[Julio3000]

Would you like to weight how often she is criticized for what? And yet the impression that is given is that she is criticized solely because she is young, a women, and Puerto Rican. Its a scam to shroud the fact that she is a complete idiot and has no clue what she is talking about.

Please, maybe you have no clue what New York is like but when you say you are from the Bronx it means something much different than where she was born and raised. She is actually a prime example of how our system works in that she went to a good school and because a congresswomen and yet she wants to radically change the system. Funny...

So you’re saying she’s NOT from the Bronx. I guess the people who elected her don’t have a problem with her authenticity or her policy. Not sure what’s going to satisfy you here.

As for her being an idiot, or, as sturg says, the dumbest member of Congress, I’m just not sure where that’s coming from. She’s gotten a lot of airtime—airtime that most members would kill for. I’m willing to bet that most members who got that much airtime would make a few stumbles and fumbles of their own. So what makes her an idiot? Proposing a higher top marginal rate? You can find more credible support among economists for the upside case here than you can for the idea that further tax cuts will pay for themselves with growth, which is practically an article of faith among Republicans. Or, hell, more than for trickle-down economics in general, which sturg will tell you is very good and totally works, without providing any supporting evidence. I’d argue that those things are more articles of faith than empirically-supported ideas, yet their proponents are the ones throwing accusations of “idiocy” around.

[thethe]

So you’re saying she’s NOT from the Bronx. I guess the people who elected her don’t have a problem with her authenticity or her policy. Not sure what’s going to satisfy you here.

As for her being an idiot, or, as sturg says, the dumbest member of Congress, I’m just not sure where that’s coming from. She’s gotten a lot of airtime—airtime that most members would kill for. I’m willing to bet that most members who got that much airtime would make a few stumbles and fumbles of their own. So what makes her an idiot? Proposing a higher top marginal rate? You can find more credible support among economists for the upside case here than you can for the idea that further tax cuts will pay for themselves with growth, which is practically an article of faith among Republicans. Or, hell, more than for trickle-down economics in general, which sturg will tell you is very good and totally works, without providing any supporting evidence. I’d argue that those things are more articles of faith than empirically-supported ideas, yet their proponents are the ones throwing accusations of “idiocy” around.

What about her discussions about palestine? I guess she is a fan of Linda Saraour so i undersrand why she had that 'gaf'. How about her inability to articulate how her proposals will be paid? She also had an econ degree and yet worked as a bartender. Indication that she didnt learn a thing? Maybe.

Shes either really dumb or completely unprepared.

[57Brave]

What about her discussions about palestine? I guess she is a fan of Linda Saraour so i undersrand why she had that 'gaf'. How about her inability to articulate how her proposals will be paid?
Going out on a limb but her proposals will be paid for by a long overdue tax increase


She also had an econ degree and yet worked as a bartender. Indication that she didnt learn a thing? Maybe.

The standard line is the best mandolin player in Nashville is your waiter
Sarah Palin mocked Obama for working as a community organizer rather than as a high powered attorney


Shes either really dumb or completely unprepared.
Of course she is unprepared - as was Ron Paul when he first arrived in Washington.
My guess is she is being schooled on the ins and outs of Congress by a very able Grandmother

As pointed out her hometown, I'd bet if the Bronx was badly damaged by a storm she would vote for aid for those Bronxians.
Why so troubled by and so much oppo research on a first term congressperson ?
Things that make you go ummm

[Julio3000]

A large portion of the inflation that you are quoting has to do with home prices and those home prices have overwhelming spiked in coastal areas (such as Long Island where I live). Therefore, the inflation hasn't impacted real wages locally in areas outside of the coasts. The people that voted for this agenda are benefiting greatly currently.

Yeah, I don’t know about that. BLS breaks down CPI by region. Housing costs increased significantly in the Midwest region in the last year, to the degree that non-energy/food prices still rose despite big drops in energy prices late in the year. I just picked the Midwest because I assume it’s what you mean by “people who voted for his agenda.” Story’s about the same in the South region (more “people who voted for his agenda”) where 2018 CPI is identical to the Northeast.

[sturg33]

[QUOTE=57Brave;559445][/COLOR]
Going out on a limb but her proposals will be paid for by a long overdue tax increase
/QUOTE]

Her 70% tax proposal would raise an additional $72B a year, assuming those people actually paid them rather than hiding the money elsewhere.

That ain't gonna pay for much.

She's out of her league when it comes to the math. Jake Tapper did an interview with her that exposed a lot of her inability to cope with reality

[Julio3000]

I wonder how you guys felt about Paul Ryan’s magic asterisks.

[sturg33]

Did you want to defend AOCs math or do you want to talk about yet another failed beaurocrat?

[57Brave]

perhaps then 70% isnt high enough
let's go to 85%
or
we have Mexico pay
..............................

as a side note, you're track record on economic policy forecasts borders on fantasy
Remind me, how many (R) ran on the tax cuts ?
And it was 79% if memory serves

[57Brave]

A Freshman Congressperson floats an idea, a long overdue idea, and you are dissmissing it because of details.
The key phrase is -floats an idea-
Even should her idea only grow the rate to 60% she wins.

I personally would shoot for 90%.
What is the purpose of hoarding exorbitant wealth ?

[thethe]

perhaps then 70% isnt high enough
let's go to 85%
or
we have Mexico pay
..............................

as a side note, you're track record on economic policy forecasts borders on fantasy
Remind me, how many (R) ran on the tax cuts ?
And it was 79% if memory serves

Might aa well just seize all means of production and dont pay anyone. You could just have armed agents forcefully escort all individuals to mandated labor.