Who has more experience? Palin or Obama?

[parkerbink]

Medicare? really? What about the 10 TRILLION we have BORROWED to finance Iraq?

You are the simple one.

Bush has borrowed to fund his war and your Grandchildren's Grandchildren will pay for it.


I like how you ignored the question about your tenure in the workplace, is it less than a year? Do you still live at home? Still on Mommies insurance?

Have you spent any time 100% self sufficient and responsible for yourself let alone a family?

I have been on my own for 28 years, have supported a Wife for 23, supported Children for 22 come back when you can say yes to any of these questions.

[rwh11385]

I'm glad having a wife makes up for the fact you're clueless when it comes to economics.

[parkerbink]

I'm glad having a wife makes up for the fact you're clueless when it comes to economics.

I am glad having no life experience means you think you know everything.

I hope the world does not beat you up too bad before you realize how clueless you are.

I am not trying to steal your helmet, do you need a hug?

[DCColegrove]

I am glad having no life experience means you think you know everything.

I hope the world does not beat you up too bad before you realize how clueless you are.

I am not trying to steal your helmet, do you need a hug?

[rwh11385]

Medicare? really? What about the 10 TRILLION we have BORROWED to finance Iraq?

Current wars are less than 1% of GDP. Medicare and Medicaid are 4% currently. And are growing, and are not going to go away. Revenues for medicare only cover 40% of the spending.

Iraq situation will end eventually and should have been done right the first time.

The Lair Logic you used to form that sense isn't very intelligent.

[rwh11385]

I am glad having no life experience means you think you know everything.

I hope the world does not beat you up too bad before you realize how clueless you are.

I am not trying to steal your helmet, do you need a hug?

So that's how you handle being caught not knowing what you're talking about. Interesting.

[parkerbink]

Current wars are less than 1% of GDP. Medicare and Medicaid are 4% currently. And are growing, and are not going to go away. Revenues for medicare only cover 40% of the spending.

Iraq situation will end eventually and should have been done right the first time.

The Lair Logic you used to form that sense isn't very intelligent.

I don't know what Lair logic is but I do know we should not have spent a fraction of the money we have on Iraq.

I also know we have the worst infant mortality of any industrialized nation and that is a shame.

I agree Bush Sr. should have finished the job in Iraq but the fact that he did not has no bearing on this conversation.

We should not be in Iraq today and that is that.

Where is the answer to the simple question of what life experience do you have that makes you the only one in the world in a position to have an opinion?

You have not caught me at anything. Glad you think you have.

Our economy is in the toilet, largely due to the administration's poor decisions and their foolish use of our resources.

[rwh11385]

I don't know what Lair logic is

It is a bad excuse for brain function.

Where is the answer to the simple question of what life experience do you have that makes you the only one in the world in a position to have an opinion?

Um, most people who have an understanding of economics or are in business that I know have the foundation to understand things like inflation in context. Sad thing is, everyone gets a vote whether they have the understanding of reality or not. If you took an advanced macroeconomics course, you would probably have a leg to stand on... but definitely not now.

People like Lair and yourself see numbers and people tell you they are bad, but you don't have the understanding of economics necessary to actually know what is going on. Like the coming quote, means nothing coming from you.

Our economy is in the toilet, largely due to the administration's poor decisions and their foolish use of our resources.

Uh huh. Riiiight. This coming from a guy who just said 25% loss of dollar value in 8 years was horrid...

You're as bad as Ron Paul stating the dollar lost 96% of its value in 100 years and making it sound bad. Little does he understand (unless he did and was purposefully misleading) or those who listened to him that the USD in that time period was the THIRD BEST performing currency in the world.

[e30sd]

you must excuse robert, see he just got a bachelors degree and therefore understands the world more clearly than anyone.

life experience? who needs that...

[rwh11385]

I'm not alone. Anyone with an understanding of economics has an understanding of economics.

Do you argue about medical treatments with your doctor because of something some website said?
Do you argue with an engineer about strength of a new part they've spent years studying to understand and you haven't?
So why do Americans think that listening to a source with numbers out of context enables them to argue about the economy?

"OMG THE ECONOMY IS IN THE DUMPS! The USD is losing its value too much!"

"Okay, why do you say this?

"The news told me so"

"Do you have any understanding of what those numbers mean or what they should be?"

"No, but the NEWS TOLD ME IT WAS BAD."


A lot of people focus on USD/Euro, and a good part of that shift was the Euro replacing the need for USD in some transactions, lowering its demand, and therefore dropping its value. But we're at 5 month highs with Euro, and 17 month with Pound. All of USD value is not summed up with two currency exchange rates.

Stefan has years of experience but what? Only took an econ course in high school, maybe one in college? He's not capable of understanding economics, so why does he think he has a leg to stand on to talk about the economy?

[parkerbink]

I'm not alone. Anyone with an understanding of economics has an understanding of economics.

Do you argue about medical treatments with your doctor because of something some website said?
Do you argue with an engineer about strength of a new part they've spent years studying to understand and you haven't?
So why do Americans think that listening to a source with numbers out of context enables them to argue about the economy?

"OMG THE ECONOMY IS IN THE DUMPS! The USD is losing its value too much!"

"Okay, why do you say this?

"The news told me so"

"Do you have any understanding of what those numbers mean or what they should be?"

"No, but the NEWS TOLD ME IT WAS BAD."


A lot of people focus on USD/Euro, and a good part of that shift was the Euro replacing the need for USD in some transactions, lowering its demand, and therefore dropping its value. But we're at 5 month highs with Euro, and 17 month with Pound.

Really?

Please expound your amazing understanding of the world. I am sorry I was so badly mislead by the media and thought the rise in the price of imported goods reflected the value of the dollar against world markets.

Please continue my education, I am unworthy but hope you will understand and take pity on me.

[Lair]

you must excuse robert, see he just got a bachelors degree and therefore understands the world more clearly than anyone.

life experience? who needs that...

Robert's certificate is all he needs. It gives him carte blanche to minimalize everyone else - regardless of their education and/or experience. The world is wrapped up into a neat little ball after you've spent your first 40 hours confined to a cubicle in a windowless room.


If you want to have some fun, drink a beer every time Robert posts some variation of the word "ignorant".

You'll be knee-walking drunk within 10 minutes.

[parkerbink]

Robert's certificate is all he needs. It gives him carte blanche to minimalize everyone else - regardless of their education and/or experience. The world is wrapped up into a neat little ball after you've spent your first 40 hours confined to a cubicle in a windowless room.


If you want to have some fun, drink a beer every time Robert posts some variation of the word "ignorant".

You'll be knee-walking drunk within 10 minutes.

I think you give him too little credit, I bet it would be better than Hi Bob was.

(Look up the Bob Newhart show, there Bobby since I bet you are too young to get that reference)

By the way, where do you get your data? Are you the Cliff Clavin of R3V?

Check Cheers if that is too old for you.

[Lair]

I can still quote lines from Cheers, and I haven't seen an episode in 15 years or more.


I would have been happy waking up next to Suzanne Pleshette on either of Bob's shows. She had nice cones and a great face.

[rwh11385]

Really?

Please expound your amazing understanding of the world. I am sorry I was so badly mislead by the media and thought the rise in the price of imported goods reflected the value of the dollar against world markets.

Please continue my education, I am unworthy but hope you will understand and take pity on me.

If you wanted to talk about the strength of the US dollar when trading, you should be looking at the US Dollar Index, not the inflation rate. This will let you get an idea of our inflation rate compared to other countries, as well as the demand for other currencies.

Since the creation of the Euro, there has been devaluation of the dollar because there was a replacement for the USD as a go between on transactions. The dollar is still heavily used and in demand, a lot of that is because of oil, so in the future the effect should be not as great as in the past several years.

Besides Southern Asia, I cannot think of another collection of countries that would all use the same currency, so hopefully the USD will still be needed to be traded by globally. Since you can't really have the same Euro effect again with Euro (besides adding a few more countries that don't trade nearly as much as Germany, France, Spain) there shouldn't be more devaluation in the future because of this reason.

If you look at the USD index recently, it has jumped. This is in part because of economic problems in Europe, in part due to oil prices that we are facing as well. They have the issue of having to stick to the same interest rate regardless of what each country is facing. One may be facing recession and want low interest rates and another may want high rates to curb inflation. This is why the UK left the Euro Currency Board and probably won't be back.

The US has an ideal monetary union of great size and doesn't suffer the same difficulties of sharing an interest rate across national borders.

Also, if the USD kept climbing forever, it would be unlikely that many could be afforded to be hired here. The drop in market value of the USD made production domestically more practical, along with the cost of fuel. Remember that when foreign products cost more, it is cheaper to make things here, for us or for export to other nations. It's called economics.