Entrepeneur starts business, borrows money.
Entrepeneur hires workers, buys materials, buys equipment, sells goods/services.
Employees spend money on other goods/services/investments.
Business makes money, spends money on expansion, spends money on investments.
Business grows, hires more workers, buys more stuff, sells more goods/services.
Employees spend money on other goods/services/investments.
Business reaches plateau, expands to new areas.
Business may become corporations, or split into smaller businesses, or go international.
All throughout this process government is taking money from them and their employees, taxing everything they both buy and sell, telling them what they can and can't do, forcing policy decisions that may lead to total collapse years down the road with the assurance that the government will never let that happen, when they are doing well people hate them and want to take more from them, and when they are hurting nobody fucking cares, and they are constantly portrayed as monolithic evil moneygrubbers by politicians and filmmakers.
Meanwhile some people can sit on their ass all day and wait for their magical government checks to show up to pay for their home, their food, their kids, their clothes, they go to emergency rooms for minor things (which runs up your medical bill), and since they don't have a job they can get lots of extra government money to pay for nearly anything they want.
Great setup we have, yes?
Wednesday, October 29, 2008
Monday, October 20, 2008
The mortgage bubble
Found this decent article on how this bubble happened.
The financial crisis blame game
A few points they missed were the laws passed that forced loaners to give a percentage to people they knew couldn't pay it back if they wanted to expand or merge, the laws that were passed that gave organisations like ACORN free reign to intimidate banks into making those loans, and 50 years of Hollywood and school history books shoving the "evil old rich guy" and "evil corporation" stereotypes down our throats hasn't helped.
What should make this really infuriating is that the government already gives out massive amounts of your money for low income housing programs. If they had simply expanded those programs (in which case we'd just be complaining about yet another bankrupt govt program) rather than make private banks act with a "wink, wink" that the govt will step in should they fail, our economy would be lower but in much better shape rather than fluctuating wildly in an attempt to equalize. We are in the perfect position right now to restructure and come out of this dip stronger than ever, but first we have to learn from the mistakes we've ignored several times now.
The financial crisis blame game
A few points they missed were the laws passed that forced loaners to give a percentage to people they knew couldn't pay it back if they wanted to expand or merge, the laws that were passed that gave organisations like ACORN free reign to intimidate banks into making those loans, and 50 years of Hollywood and school history books shoving the "evil old rich guy" and "evil corporation" stereotypes down our throats hasn't helped.
What should make this really infuriating is that the government already gives out massive amounts of your money for low income housing programs. If they had simply expanded those programs (in which case we'd just be complaining about yet another bankrupt govt program) rather than make private banks act with a "wink, wink" that the govt will step in should they fail, our economy would be lower but in much better shape rather than fluctuating wildly in an attempt to equalize. We are in the perfect position right now to restructure and come out of this dip stronger than ever, but first we have to learn from the mistakes we've ignored several times now.
Wednesday, October 15, 2008
Reserved for debate 3
There is also the government mandate that banks must make subprime loans to grow that caused this.
Ending tax breaks equals higher tax overhead.
Government should never act on current market swings. It doesn't help now and it hurts 4 years from now when the market catches up to policy
that 95% tax cut figure is bull. It completely ignores the fact that higher tax equals higher end cost for everything you buy.
Go McCain. About time you fought back.
What, a Democrat used the word responsible?!?
Dammit, I've had it with the Bushbashing. Great comeback by McCain.
Bullshit on the coal thing
That was a stupid move. You never say 100% on anything because it leaves you absolutely no wiggle room.
What economic crisis? It's a fucking hiccup that has been blown completely out of proportion by people wanting handouts.
NOT THE WORST CRISIS SINCE THE GREAT DEPRESSION! FUCK!!!
Biden is a professional politician. Palin is a regular person.
Why can't Palin be president, that would be cool.
Yeah, you really don't want to say unilateral renegotiation when allies are involved
10 years? How, with no nuke, no drill, no coal, nothing but alternatives we would kill our economy DEAD in the rush to transition. D-E-D Dead.
I love how Obama's so for human rights yet he's ignored/opposed the human rights we've given in Iraq, in Afghanistan, and elsewhere by opposing the war.
I love how nobody ever notes how all this fucking around with healthcare and punishing the system is why few people go into the medical profession. Docters pay shitloads in insurance and have to spend most of their time filling out paperwork, and one unhappy patient or one slipup and their insurance skyrockets.
McCain's plan also encourages competition, which lowers prices.
Let it unravel, buy your own fucking healthcare, if those corporations are so evil why are we so dependant on them for our healthcare?
Dammit, fuck Roe v Wade, its a pointless fucking case that by this point the overturning of which would mean absolutely jack shit. It wouldn't ban abortion, and too many people in this country are for it or don't care about it for it to be banned in very many states.
Ending tax breaks equals higher tax overhead.
Government should never act on current market swings. It doesn't help now and it hurts 4 years from now when the market catches up to policy
that 95% tax cut figure is bull. It completely ignores the fact that higher tax equals higher end cost for everything you buy.
Go McCain. About time you fought back.
What, a Democrat used the word responsible?!?
Dammit, I've had it with the Bushbashing. Great comeback by McCain.
Bullshit on the coal thing
That was a stupid move. You never say 100% on anything because it leaves you absolutely no wiggle room.
What economic crisis? It's a fucking hiccup that has been blown completely out of proportion by people wanting handouts.
NOT THE WORST CRISIS SINCE THE GREAT DEPRESSION! FUCK!!!
Biden is a professional politician. Palin is a regular person.
Why can't Palin be president, that would be cool.
Yeah, you really don't want to say unilateral renegotiation when allies are involved
10 years? How, with no nuke, no drill, no coal, nothing but alternatives we would kill our economy DEAD in the rush to transition. D-E-D Dead.
I love how Obama's so for human rights yet he's ignored/opposed the human rights we've given in Iraq, in Afghanistan, and elsewhere by opposing the war.
I love how nobody ever notes how all this fucking around with healthcare and punishing the system is why few people go into the medical profession. Docters pay shitloads in insurance and have to spend most of their time filling out paperwork, and one unhappy patient or one slipup and their insurance skyrockets.
McCain's plan also encourages competition, which lowers prices.
Let it unravel, buy your own fucking healthcare, if those corporations are so evil why are we so dependant on them for our healthcare?
Dammit, fuck Roe v Wade, its a pointless fucking case that by this point the overturning of which would mean absolutely jack shit. It wouldn't ban abortion, and too many people in this country are for it or don't care about it for it to be banned in very many states.
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