@ 57:20 Kucinich is full of crap. The banking collapse was caused by the government backing loans, not by deregulation. The collapse would have ended in a matter of months if they hadn't dumped a trillion dollars on the problem. Anyone who votes for Kucinich gets coal for Christmas.
@zombiefitnezz Consider the following: 1.2 million jobs @ $862B or $718,000 per job created. That means each job must produce, at a minimum, $718,000 worth of labor. In simpler terms, each person, employed in one of these new jobs, needs to do something that the market would price @ $345.19 dollars an hour. They're not meaningful jobs if they rob value from the economy. If someone is performing a $30k-a-year job, but it cost $700k to get them, there's a $670k loss in the economy.
@ariuszarim "Consider the following: 1.2 million jobs @ $862B or $718,000 per.."
I don't get your logic. Do you know any private company spends 100% of their running cost to the wages for their workers? No material cost, no office expense, no utility cost?
By the way, it would be great if all the stimulus spending goes to the labor wages. Purpose of stimulus is to give money for more consumption. It doesn't even have to be jobs, just give it to them and have them spend.
It's crazy, Kucinich says they should have spent more. He's insane. Who votes for these people? He's the one that wants to up the debt ceiling, without reducing spending. He has the financial sense of a carp. I bet he's never had a real job, or had trouble making rent before.
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
The simple reason government spending fails to end recessions is that Congress does not have a vault of money waiting to be distributed. Every dollar Congress “injects” into the economy must first be taxed or borrowed out of the economy. No new income, and therefore no new demand, is created. They are merely redistributed from one group of people to another. Congress cannot create new purchasing power out of thin air.
@ThunderheadNebula …..and private non-democratic corporate governments take in profits from the dwindling supply of money held by the vast middle class it keeps driving down the wages thereof… I don't quite get your attack on government. I'd rather have what's left of the government of the United States founders than the private monarchies of old Europe where the wealth of labor poured into huge fortressed castles. Darrel Issa is a billionaire. What's his gripe?
Respond to this video… It's amazing how these people get by with telling lies. Dr. John Taylor referred to the high corporate tax rate. In another video, it was discussed getting rid of the loopholes that make the United States have the lowest corporate tax rate in the industrialized world. Dr. John Taylor was present for that discussion as well….these people cannot be trusted. They serve non-democratic private corporate oligarchies.
Respond to this video… How come there isn't a well rounded panel of economists? They want to preach to their choir, not have an honest debate? What a joke.
Respond to this video… Confusing …Taylor is against raising taxes yet in another video he pointed out how the middle class tax break just stayed in people's bank accounts. Oh, that's right…only oligarchs should horde cash. The laborers should become slaves to the 1 % …. these people can rot in hell.
This is no longer a theoretical exercise. The idea that increased deficit spending can cure recessions has been tested, and it has failed. If growing the economy were as simple as expanding government spending and deficits, then Italy, France, and Germany would be the global economic kings. And there would be no reason to stop at $787 billion: Congress could guarantee unlimited prosperity by endlessly borrowing and spending trillions of dollars.
$787 billion (actually $862 B) “stimulus” a flop. In a January report, White House economists predicted the bill would create (not merely save) 3.3 million jobs. Since then, 2.8 million jobs have been lost, pushing unemployment toward 10 percent.
@zombiefitnezz Jobs can only be created in the private sector. Anything government creates is a burden and now we are tax slaves. I bet the stimulus package you talk about saved Obamas buddies.
“The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to ‘political turmoil.’ Pretty soon, I think there will be a big adjustment.” -- Warren Buffett
An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
Hello world
renben20010 1 month ago
Oic
renben20010 1 month ago
Yes, the government should be held accountable to the tax payers!
AlphagraphicsCom 1 month ago
@ 57:20 Kucinich is full of crap. The banking collapse was caused by the government backing loans, not by deregulation. The collapse would have ended in a matter of months if they hadn't dumped a trillion dollars on the problem. Anyone who votes for Kucinich gets coal for Christmas.
ariuszarim 8 months ago
@zombiefitnezz Consider the following: 1.2 million jobs @ $862B or $718,000 per job created. That means each job must produce, at a minimum, $718,000 worth of labor. In simpler terms, each person, employed in one of these new jobs, needs to do something that the market would price @ $345.19 dollars an hour. They're not meaningful jobs if they rob value from the economy. If someone is performing a $30k-a-year job, but it cost $700k to get them, there's a $670k loss in the economy.
ariuszarim 8 months ago
This has been flagged as spam show
@ariuszarim "Consider the following: 1.2 million jobs @ $862B or $718,000 per.."
I don't get your logic. Do you know any private company spends 100% of their running cost to the wages for their workers? No material cost, no office expense, no utility cost?
By the way, it would be great if all the stimulus spending goes to the labor wages. Purpose of stimulus is to give money for more consumption. It doesn't even have to be jobs, just give it to them and have them spend.
allgoo19 8 months ago
It's crazy, Kucinich says they should have spent more. He's insane. Who votes for these people? He's the one that wants to up the debt ceiling, without reducing spending. He has the financial sense of a carp. I bet he's never had a real job, or had trouble making rent before.
ariuszarim 8 months ago
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
tepstolog 9 months ago
stupid capitaalists , they think this was a normal resession
rictorn 9 months ago
3/3
The simple reason government spending fails to end recessions is that Congress does not have a vault of money waiting to be distributed. Every dollar Congress “injects” into the economy must first be taxed or borrowed out of the economy. No new income, and therefore no new demand, is created. They are merely redistributed from one group of people to another. Congress cannot create new purchasing power out of thin air.
ThunderheadNebula 10 months ago 4
@ThunderheadNebula …..and private non-democratic corporate governments take in profits from the dwindling supply of money held by the vast middle class it keeps driving down the wages thereof… I don't quite get your attack on government. I'd rather have what's left of the government of the United States founders than the private monarchies of old Europe where the wealth of labor poured into huge fortressed castles. Darrel Issa is a billionaire. What's his gripe?
wjksea 4 months ago
Respond to this video… It's amazing how these people get by with telling lies. Dr. John Taylor referred to the high corporate tax rate. In another video, it was discussed getting rid of the loopholes that make the United States have the lowest corporate tax rate in the industrialized world. Dr. John Taylor was present for that discussion as well….these people cannot be trusted. They serve non-democratic private corporate oligarchies.
wjksea 4 months ago
Respond to this video… How come there isn't a well rounded panel of economists? They want to preach to their choir, not have an honest debate? What a joke.
wjksea 4 months ago
Respond to this video… Confusing …Taylor is against raising taxes yet in another video he pointed out how the middle class tax break just stayed in people's bank accounts. Oh, that's right…only oligarchs should horde cash. The laborers should become slaves to the 1 % …. these people can rot in hell.
wjksea 4 months ago
2/3
This is no longer a theoretical exercise. The idea that increased deficit spending can cure recessions has been tested, and it has failed. If growing the economy were as simple as expanding government spending and deficits, then Italy, France, and Germany would be the global economic kings. And there would be no reason to stop at $787 billion: Congress could guarantee unlimited prosperity by endlessly borrowing and spending trillions of dollars.
ThunderheadNebula 10 months ago 4
1 /3
nrd.nationalreview com/article/?q=MTViNmZiZmQ4NmMxM2Y5NmEzNWIwYWRmNmNhMWJlY2I=
$787 billion (actually $862 B) “stimulus” a flop. In a January report, White House economists predicted the bill would create (not merely save) 3.3 million jobs. Since then, 2.8 million jobs have been lost, pushing unemployment toward 10 percent.
ThunderheadNebula 10 months ago 3
@zombiefitnezz Jobs can only be created in the private sector. Anything government creates is a burden and now we are tax slaves. I bet the stimulus package you talk about saved Obamas buddies.
1997SUPRAMAN 10 months ago 2
go all you to HELL, for sure....!
resfalgio 10 months ago
“The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to ‘political turmoil.’ Pretty soon, I think there will be a big adjustment.” -- Warren Buffett
An Inflation-Neutral Balanced Trade System (BTS), inspired by Warren Buffett’s 2003 Import Certificate Plan is introduced at the top of page 4 of the Pdf, which is available at:
democrats.waysandmeans.house.gov/media/pdf/111/2010Sept15_Campbell_Submission.pdf
soups347 1 year ago