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RoundTable For Fall 2021
by Ken Condon - 12/04/21 07:02 PM
The US's future: The United States of Giliead
by pdx rick - 12/04/21 06:13 PM
... doubt is our product...
by logtroll - 12/04/21 05:22 PM
Beautiful, beautiful language...
by logtroll - 12/04/21 05:19 PM
Winning
by Greger - 12/04/21 05:03 PM
A Musical Quiz
by Ken Condon - 12/04/21 03:46 AM
What's for dinner?
by pondering_it_all - 12/04/21 02:39 AM
lying on the internet
by pondering_it_all - 12/04/21 02:16 AM
Denialism
by Greger - 12/03/21 03:37 PM
Coronavirus: The Plague of The 21st Century?
by pondering_it_all - 12/01/21 08:51 PM
I’ll Buy That
by Greger - 12/01/21 07:22 PM
Boundaries for Facebook
by jgw - 11/30/21 06:26 PM
Pacific Northwest Weather
by pdx rick - 11/28/21 08:59 PM
A Fungus Amungus
by logtroll - 11/28/21 01:25 PM
Republicans promise brutal revenge in 2022
by pdx rick - 11/27/21 08:45 PM
masks and vaccinations
by logtroll - 11/27/21 01:36 PM
Vigilantism - why isn’t it illegal?
by logtroll - 11/25/21 11:46 PM
"Mom, I think it's a boy."
by TatumAH - 11/25/21 04:37 AM
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Quote:
"Thank you for calling the Trump Pardon Line. Your call is very important to us. Please stay on the line & your call will be answered in the order it was received. Please press 2 to make a cash donation and speak to a customer service agent immediately. Thank you for call . . ."


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This is what real class looks like you radicalized Trump-lovers, it's called: understated elegance



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Originally Posted By: pdx rick
Originally Posted By: Irked
Sending money to every American whether they need it or not is just plain stupid.

Economists disagree with you friend, Irk. These same economists point to the Spring of 2020 when the GPD didn't take a hit as it should have because folks used that money in the economy. Frankly, there should the been another infusion last Summer 2020.

Quote:
Dr. Baker and fellow researchers looked at how recipients spent their stimulus checks. The surprising find was the spending behavior was very different depending on how much cash people had in the bank. The people who had $3,000 or more in their checking accounts had no response to the appearance of their stimulus check. So the stimulus checks to those with cash in the bank did nothing to stimulate the economy. On the other hand, those who maintained accounts with $500 or less spent almost half of the deposits44.5 cents per every dollarwithin 10 days. The stimulus checks to those with little cash in the bank, resulted in 44.5% of the check amount going back into the economy in 10 days, which further stimulated the economy.

The other finding of the research was that people used the stimulus checks to pay for food, household items, bills, and rent. Unlike stimulus funds in the past, this money wasnt used for purchase of durable goods such as electronics, furniture, or cars. So the stimulus checks didnt stimulate the hard-hit areas of the economy like manufacturing or retail.

- UC Davis.edu

Hmm


From The Week article about the same Dr. Baker

Quote:
Yet some liberals are hesitant or outright against the checks. "There is no good economic argument for the $2,000 checks," writes economist Larry Summers in Bloomberg. Paul Krugman is more measured in The New York Times, arguing that a better focus would be "on enhanced unemployment benefits for the millions of workers who, thanks to the pandemic, have no income at all." In the Washington Post, Catherine Rampell frets that checks are "not a terribly efficient use of resources."


So, not all economists.


How eager they are to be slaves - Tiberius Caesar

Coulda tripped out easy, but I've changed my ways - Donovan
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Hours to go. I can't sleep.


A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich
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Welcome back, and well said. I'm so looking forward to not having to hold back my disregard for the miscreant of 1600 Pennsylvania anymore. Most of the rats have abandoned ship already and too many have been pardoned. But the chaos ends at noon Eastern, and the adults take charge. Good riddance to bad rubbish.


A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich
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His Travesty has left the building...

LOCK HIM UP! LOCK HIM UP!


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller
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Nobody sums it better than Stanley Holloway!
TAT


There's nothing wrong with thinking
Except that it's lonesome work
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The era of the "Drain the Swamp" con, is ended, replaced by the "Clean Up The Massive Mess Left By The FPOS" period.

Maybe we'll even get some progressive things done. There is a concept of personal improvement that says our behaviors become crystalized over time, and the only way to evolve is to melt the crystals to allow them to reform in a different way.

A key element is, of course, is that the stage needs to be set for a better way before the meltdown occurs. I think we have some good opportunities, if only they can be recognized and implemented.


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
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Melt the swamp!

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The Rebellion of The Idiots has been put down (for now)!


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller
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