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Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generator?

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Well now you're not even responding to what I'm saying you're just ranting.

LMAO!!!

Let me know when you bible thumping rich people win another national election.

GAWD I Can Hardly Wait.....................
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

The additional wealth for the upper eschelon came from Republican tax cuts.....Period, End Of Report!! The rich people in this country used to pay their fair part. They also used to serve and put their ass on the line in the wars. Ever since Nixon discontinued the draft and HS grads and neer do wells began to do our fighting all those in the uppercrust do is shuffle papers and watch their monitors. It's not a secret....it's obvious!

umm the upper class tax cuts dont account for that growth,since the rising trend started in the early seventies,unless your somehow going to claim that reagan and bush both own a time machine and put a gun to nixons head and told him to end the gold standard while demanding the fed print money to make the rich richer.

tax rates have pretty much nothing to do with those gains.

Historical Average Federal Tax Rates for All Households

the average seems to only fluctuate by a small percent.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

umm the upper class tax cuts dont account for that growth,since the rising trend started in the early seventies,unless your somehow going to claim that reagan and bush both own a time machine and put a gun to nixons head and told him to end the gold standard while demanding the fed print money to make the rich richer.

tax rates have pretty much nothing to do with those gains.

Historical Average Federal Tax Rates for All Households

the average seems to only fluctuate by a small percent.

Hold that line of thinking.....you folks have been found out and all the lying and manipulating of figures to make a point won't work. The reason....it's from the bubble and there's no truth in it.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Not unless you're part of the upper 10% you're not.

The upper 10% are the job creators. They are the producers. Ilk like yourself are the consumers.

If you want to stimulate the economy, you invest in the production. You do not waste money on the consumers. They will just consume, and then there will be nothing left.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Hold that line of thinking.....you folks have been found out and all the lying and manipulating of figures to make a point won't work. The reason....it's from the bubble and there's no truth in it.

huh???????your not even making any sense
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

The upper 10% are the job creators. They are the producers. Ilk like yourself are the consumers.

If you want to stimulate the economy, you invest in the production. You do not waste money on the consumers. They will just consume, and then there will be nothing left.

Having money doesn't mean you created jobs.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Having money doesn't mean you created jobs.

That is correct. But if you want to argue that the people creating jobs aren't in the top 10%, you better start bringing on a lot more than a trite quip to prove it.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Having money doesn't mean you created jobs.

You're right. As a matter of fact since the Bush Crash when Bush handed the biggest banks in the world $870 billion they've been sitting on it. Bush and the congress forgot to specify how the money was to be used. The people who could create jobs are purposefully not doing it. When I was young I heard it said that when times are hard the rich put their money in a trunk and a poor man starves to death. The only thing that's kept the poor from starving is the food stamp programs and the Republicans average bitching about that dozens of times each week. They've been found out.....besides losing the popular vote in five of the last six presidential elections all demographics except two, white men and voters over sixty five, are fairly consistently voting Democrat. If the Republicans can't cheat, gerrymander or figure out a way to keep Democrats from voting, they've been losing.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

That is correct. But if you want to argue that the people creating jobs aren't in the top 10%, you better start bringing on a lot more than a trite quip to prove it.

My point was that "Rich = Job Creators" is completely wrong. Even if job creators are rich, that does not imply the opposite is true, which we all know is not.

Further, job creation is determined by many more factors than how an individual runs their business. If we wanted, we could claim that banks are the only job creators as they are the ones that provide the necessary capital to facilitate economic expansion. Or we could take it further and state that the Fed is the only job creator as they are the ones that determine bank reserve requirements and interest rates which directly affect bank lending abilities. :2wave:
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

My point was that "Rich = Job Creators" is completely wrong. Even if job creators are rich, that does not imply the opposite is true, which we all know is not.

Further, job creation is determined by many more factors than how an individual runs their business. If we wanted, we could claim that banks are the only job creators as they are the ones that provide the necessary capital to facilitate economic expansion. Or we could take it further and state that the Fed is the only job creator as they are the ones that determine bank reserve requirements and interest rates which directly affect bank lending abilities. :2wave:

I don't think I've ever seen a single post that was more wrong than this one. From start to finish, you made statements that make no sense at all and/or are factually incorrect.

Since people making less than the top 10 percent aren't the ones making jobs, you can bet your ass that those in the top ten percent ARE the jobs makers. And mostly the very top percent rather than the entire band. Since a lot of businesses don't begin with bank loans, you can't claim that banks create jobs. And then you further can't claim that the Fed creates jobs with interest rates for the same reason, although the Fed does have some bearing on how the economy is doing and whether or not businesses want to expand and hire or not.

Here's the bottom line. People create jobs. And it's not the poor people that are creating them. So that leaves us one conclusion that you might find objectionable, but if you're honest, you'll accept it. Rich people create jobs.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

I don't think I've ever seen a single post that was more wrong than this one. From start to finish, you made statements that make no sense at all and/or are factually incorrect.

Since people making less than the top 10 percent aren't the ones making jobs, you can bet your ass that those in the top ten percent ARE the jobs makers. And mostly the very top percent rather than the entire band. Since a lot of businesses don't begin with bank loans, you can't claim that banks create jobs. And then you further can't claim that the Fed creates jobs with interest rates for the same reason, although the Fed does have some bearing on how the economy is doing and whether or not businesses want to expand and hire or not.

Here's the bottom line. People create jobs. And it's not the poor people that are creating them. So that leaves us one conclusion that you might find objectionable, but if you're honest, you'll accept it. Rich people create jobs.

Then why does the Republican entourage scream to high heaven every time the Democrats want to tax those earning $250,000 a year. Inevitably they say most of the small businesses earn about that much. Hell.....we heard it every day that taxation was being discussed. How's your memory these days.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Since people making less than the top 10 percent aren't the ones making jobs

I'm fairly certain there are many people who are not in the top 10% who are "making jobs". Many small business owners wouldn't fall into such a category.

you can bet your ass that those in the top ten percent ARE the jobs makers.

One does not follow from the other. Assuming that all job creators are rich, does not imply that all rich people are job creators. One can be rich and have absolutely no business experience or commitment.

Since a lot of businesses don't begin with bank loans, you can't claim that banks create jobs. And then you further can't claim that the Fed creates jobs with interest rates for the same reason, although the Fed does have some bearing on how the economy is doing and whether or not businesses want to expand and hire or not.

Since a lot of businesses don't begin with 10%-earners, you can't claim that 10%ers create jobs.

Here's the bottom line. People create jobs. And it's not the poor people that are creating them. So that leaves us one conclusion that you might find objectionable, but if you're honest, you'll accept it. Rich people create jobs.

What jobs did Gloria Mackenzie create?
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Then why does the Republican entourage scream to high heaven every time the Democrats want to tax those earning $250,000 a year. Inevitably they say most of the small businesses earn about that much. Hell.....we heard it every day that taxation was being discussed. How's your memory these days.

Wow. First, those earning 250,000 a year ARE being taxed and have ALWAYS been taxed. And the rest of your point is extraordinarily muddy and I have no idea where you're going with it unless you are trying to argue that only those making 250,000 a year or more are in the top ten percent. The top ten percent in 2010 had incomes exceeding 82,000.00.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Wow. First, those earning 250,000 a year ARE being taxed and have ALWAYS been taxed. And the rest of your point is extraordinarily muddy and I have no idea where you're going with it unless you are trying to argue that only those making 250,000 a year or more are in the top ten percent. The top ten percent in 2010 had incomes exceeding 82,000.00.

Whatever it was the Republicans screwed it up...in my state the average income for a family of four is about $46,000 dropping to $25,000 in some of our 95 counties. Guess what....our eleven electoral votes were cast for Romney. Like most red states they voted against their own interests. Bible thumping is alive and well though. Every trailer park and motel sports the book of fairy tales like standard equipment.

450px-Median_US_household_income.png
 
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Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

I'm fairly certain there are many people who are not in the top 10% who are "making jobs". Many small business owners wouldn't fall into such a category.

Top ten percent is 82,000 plus as of 2010. Most owners of small businesses with employees do better than that. It's a stretch to say "many business owners" wouldn't fall into such a category. There may be some but they'd be very rare. We're talking low single digit percentages rare and very possibly percentages that start with a zero and a decimal.


One does not follow from the other. Assuming that all job creators are rich, does not imply that all rich people are job creators. One can be rich and have absolutely no business experience or commitment.

That is absolutely true. That still means that the rich create jobs. Dogs wag their tails when they're happy. To argue that statement is false because some dogs don't have tails is silly.


Since a lot of businesses don't begin with 10%-earners, you can't claim that 10%ers create jobs.

Maybe you should quantify "a lot". What percentage of the jobs in the USA are created by business owners that make less than 82K a year?


What jobs did Gloria Mackenzie create?

Irrelevant. Rich people create jobs. That statement is true even though not ALL rich people create jobs.

I don't even know why I'm arguing this with you. It's true at face value. You won't find very many good jobs created by people making less than 90K a year.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Dogs wag their tails when they're happy. To argue that statement is false because some dogs don't have tails is silly. Irrelevant. Rich people create jobs.


Small Businesses Created Nearly Half the New Jobs in April

Small businesses created 42 percent of all new jobs in the month of April, according to the ADP National Employment Report. It indicates that 50,000 jobs were created by small enterprises in the month.

They have created a total of 300,000 jobs since the beginning of the year, based on ADP numbers. ADP puts out a monthly report on non-farm, private-sector employment in the United States.

ADP considers any business with under 50 employees to be a small business. Within its data, the largest bulk of new jobs were created in small businesses that employ less than 20 people — what ADP calls “very small businesses.” In total, ADP reports that 67 percent (34,000) of the new jobs in April were created by these very small businesses
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Small Businesses Created Nearly Half the New Jobs in April

Small businesses created 42 percent of all new jobs in the month of April, according to the ADP National Employment Report. It indicates that 50,000 jobs were created by small enterprises in the month.

They have created a total of 300,000 jobs since the beginning of the year, based on ADP numbers. ADP puts out a monthly report on non-farm, private-sector employment in the United States.

ADP considers any business with under 50 employees to be a small business. Within its data, the largest bulk of new jobs were created in small businesses that employ less than 20 people — what ADP calls “very small businesses.” In total, ADP reports that 67 percent (34,000) of the new jobs in April were created by these very small businesses

Thank you for sharing that utterly irrelevant non sequitur. I've known quite a few people with "very small businesses" employing less than 20 people and every single one that employed more than one person was making a lot more than 82,000 a year, which put them in the top ten percent.

Poor people don't create jobs. And the middle class don't create jobs, either. Not in any significant number. Tell ya what. If you're middle class (which I doubt since people with your attitude usually don't get that far in life), why don't you hire a full-time employee and tell me how that works out for ya.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Yes it is, it's
one of the four fundamental reasons for its existence.



There won't be a "spike in yields" there will be a general rise across the board over a period of time. Those decrying yield spikes and economic catastrophe are the same people who asserted a couple years ago that we'd have hyperinflation by now. You'll see volatility in the markets in the very short term from people like you freaking out, like we did after Bernanke's stating the obvious earlier this week, but it will all equilibrate.

I made some good money betting on that drop btw. :)



It wasn't unprecedented at all. In fact, section 2A of the Federal Reserve Act was modified in the late 70's to include maximum employment as a goal of the Fed, 30 years before the economic crisis even happened.



lol, we can, and we are.

No, it's NOT the job of the FED to directly affect job numbers and your'e full of sh** if you think it has.

Go ahead and post some BS jobs numbers data from a corrupt administration then.

I'm guessing you'll leave out the fact that nearly 10 million people have dropped out of the work force.

The FEDS on it's 3 round for a reason, the first two failed ( ofcourse they failed , printing money creates no jobs, just inflation.)

Your'e too wrapped up in your ideological anti-supply side malfeasance to admit what Bernakes doing is dangerous and is having no positive effect overall.

It's the biggest lie from Obama, his economy and even a small uptick in yields, ( it will be a SPIKE if and when he stops ) without the private sector activity to counter it will meam your supposed gains are going to worth allot less than you think they're worth.

NOTHING has been done to address the real reason why the economy is stagnant, why the FED started their printing in the first place.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

No, it's NOT the job of the FED to directly affect job numbers and your'e full of sh** if you think it has.

"Today, the Federal Reserve's duties fall into four general areas:

-conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
-supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers
-maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
-providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system"

FRB: Mission

Section 2A. Monetary policy objectives

The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.

[12 USC 225a. As added by act of November 16, 1977 (91 Stat. 1387) and amended by acts of October 27, 1978 (92 Stat. 1897); Aug. 23, 1988 (102 Stat. 1375); and Dec. 27, 2000 (114 Stat. 3028).]

FRB: Federal Reserve Act: Section 2a

It quite clearly is the job of the Federal Reserve.

The FEDS on it's 3 round for a reason, the first two failed ( ofcourse they failed , printing money creates no jobs, just inflation.)

Inflation was at 1.40% in May so what inflation are you talking about?
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Thank you for sharing that utterly irrelevant non sequitur. I've known quite a few people with "very small businesses" employing less than 20 people and every single one that employed more than one person was making a lot more than 82,000 a year, which put them in the top ten percent.

Poor people don't create jobs. And the middle class don't create jobs, either. Not in any significant number. Tell ya what. If you're middle class (which I doubt since people with your attitude usually don't get that far in life), why don't you hire a full-time employee and tell me how that works out for ya.

LOL!! I hired in at the Oak Ridge Gaseous Diffusion Plant, a uranium factory for the DOE, five days after my 18th birthday, I worked the last 25 years as computer operations supervisor/manager in what was then one of the top 50 mainframe computing centers in the world. We installed Oak Ridge's first supercomputer, a Cray XMP/24 and I was the project manager on that working with all disciplines of engineering. The system cost $8.6 million and we spent another $3 million on site prep....it had two motor/generator sets which converted the 60 cycle power to 240 cycle to come to the power supplies with a smoother current for the DC supplies. An 11.8 KVA load center, a 40 ton refrigeration unit to cool it and the generators filled a room we had made by combining six offices and removing all the interior walls and putting down appropriate flooring.

When I retired in 1993 our center covered 18,600 sq. ft. of floating floor which held $66 million(DOE inventory) worth of computing/telecommunications equipment. Our annual power bill to TVA was over half a million dollars and we were using 350 tons of refrigeration to cool the center.After 41 years service I retired in 1993. I educated three children, two with masters degrees and the other one earns six figures working for the DOE. I retired to a new lakefront home, 220 ft. frontage, we own a dock, boats, irrigation system, two storage buildings, etc. Everything I have is paid for and my wife retired as a Sr web administrator at SAIC and counting the two companies she worked for our combined years of service is 84. We draw two pension checks each month and both of us draw social security. We also have 401K's now rolled over to IRAs and I've pulled $92,000 of pure profit from those accounts beginning in 2010 and we drew the last in February. We still have the principal amount as if we hadn't even touched it. Our combined monthly income adds up to between $50,000 and $60,000 each year. She drives a 2009 Lincoln town car and I have a 2011 F-150 truck with EcoBoost power....sweetest thing you've ever seen.

See pal...I came from the middle class when it really was a middle class. Neither of us attended college though I did take a 2 1/2 year course in electronics back in the 1960's. Beginning with Reagan and his plot to cut taxes for the rich, spend like a drunk sailor and quadruple the national debt I came off the Republican party like a bat out of hell. I had been a dyed in the wool Republican for 30 years but anybody who didn't notice how Reagan fired PATCO and began the downfall of the middle class is not very smart. I wouldn't vote for another one of the T Party cronies of the wealthy and corporations if I were to make it to 100. Oh! One more thing....at one time I had over 40 technical employees reporting to me through three exempt supervisors. I have an idea most of them had as much or more sense than you seem to have.
 
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Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

LOL!! I hired in at the Oak Ridge Gaseous Diffusion Plant, a uranium factory for the DOE, five days after my 18th birthday, I worked the last 25 years as computer operations supervisor/manager in what was then one of the top 50 mainframe computing centers in the world. We installed Oak Ridge's first supercomputer, a Cray XMP/24 and I was the project manager on that working with all disciplines of engineering. The system cost $8.6 million and we spent another $3 million on site prep....it had two motor/generator sets which converted the 60 cycle power to 240 cycle to come to the power supplies with a smoother current for the DC supplies. An 11.8 KVA load center, a 40 ton refrigeration unit to cool it and the generators filled a room we had made by combining six offices and removing all the interior walls and putting down appropriate flooring.

When I retired in 1993 our center covered 18,600 sq. ft. of floating floor which held $66 million(DOE inventory) worth of computing/telecommunications equipment. Our annual power bill to TVA was over half a million dollars and we were using 350 tons of refrigeration to cool the center.After 41 years service I retired in 1993. I educated three children, two with masters degrees and the other one earns six figures working for the DOE. I retired to a new lakefront home, 220 ft. frontage, we own a dock, boats, irrigation system, two storage buildings, etc. Everything I have is paid for and my wife retired as a Sr web administrator at SAIC and counting the two companies she worked for our combined years of service is 84. We draw two pension checks each month and both of us draw social security. We also have 401K's now rolled over to IRAs and I've pulled $92,000 of pure profit from those accounts beginning in 2010 and we drew the last in February. We still have the principal amount as if we hadn't even touched it. Our combined monthly income adds up to between $50,000 and $60,000 each year. She drives a 2009 Lincoln town car and I have a 2011 F-150 truck with EcoBoost power....sweetest thing you've ever seen.

See pal...I came from the middle class when it really was a middle class. Neither of us attended college though I did take a 2 1/2 year course in electronics back in the 1960's. Beginning with Reagan and his plot to cut taxes for the rich, spend like a drunk sailor and quadruple the national debt I came off the Republican party like a bat out of hell. I had been a dyed in the wool Republican for 30 years but anybody who didn't notice how Reagan fired PATCO and began the downfall of the middle class is not very smart. I wouldn't vote for another one of the T Party cronies of the wealthy and corporations if I were to make it to 100. Oh! One more thing....at one time I had over 40 technical employees reporting to me through three exempt supervisors. I have an idea most of them had as much or more sense than you seem to have.

And you never created one lousy job, yourself. All that wonderful resume. All that middle class success and you never created one miserable lousy job. But that's middle class. Middle class aren't job creators. So thank you for helping me illustrate my point.

I rest my case.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

And you never created one lousy job, yourself. All that wonderful resume. All that middle class success and you never created one miserable lousy job. But that's middle class. Middle class aren't job creators. So thank you for helping me illustrate my point.

I rest my case.

Who in the hell ever said anything about the middle class creating jobs? The new middle class is one without union representation. It's one without pensions. It's one which gets a third of the vacation each year that European workers receive. It's one where what used to be the middle class can't even afford to educate their kids. You folks make my arse crave a lime!!

Like I've pointed out before.....you've been found out. The only two demographics Romney won was white men and voters over 65. That won't win an election.

Romney got caught making a statement about the 47% and revealed what Republicans have been up to the entire time...at least over the last thirty years.
 
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Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

Who in the hell ever said anything about the middle class creating jobs?

Guess you weren't really paying attention. Your Komrade was trying to refute the fact that the job creators are the top ten percent of income earners. Of course that was a big FAIL as your post helped point out. Thanks for that.
 
Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

Guess you weren't really paying attention. Your Komrade was trying to refute the fact that the job creators are the top ten percent of income earners. Of course that was a big FAIL as your post helped point out. Thanks for that.

Yeah Yeah....what it proves is that more folks than ever are working for substandard wages. The middle class I came from could actually support their families, take a vacation at least once a year, give their children a college education, know the security of good health insurance and retire with a degree of dignity. 'Course my wife and I worked a combined total of 84 years for Union Carbide, Martin Marietta and SAIC........not exactly small companies. Two of them dealt with labor unions on a daily basis. That's exactly why the old middle class disappeared as the unions left the scene. Now if a CEO and his/her cronies decide to screw a group of employees for a better bottom line profit, screw, screw, screw away.
 
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Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

Yeah Yeah....what it proves is that more folks than ever are working for substandard wages. The middle class I came from could actually support their families, take a vacation at least once a year, give their children a college education, know the security of good health insurance and retire with a degree of dignity. 'Course my wife and I worked a combined total of 84 years for Union Carbide, Martin Marietta and SAIC........not exactly small companies. Two of them dealt with labor unions on a daily basis. That's exactly why the old middle class disappeared as the unions left the scene. Now if a CEO and his/her cronies decide to screw a group of employees for a better bottom line profit, screw, screw, screw away.

The funny thing is that the buying power of the average worker has gone up as union membership has gone down, which refutes all that drivel you just posted.
 
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