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#102 Jul 07 2010 at 4:18 PM Rating: Decent
Gbaji,

Quote:
That's the problem though. Far too many people think of it as spending money in one place versus another. But the real comparison which Moe and I are talking about is spending the money in either place versus not spending it in the first place. The money we spend costs us. It comes pretty directly out of either existing business profits or future profits. New jobs come from those profits Meaning we're taking as much money away from potential future employment as we're putting in. In most cases, due to inefficiency (as evidenced by the "But 2/3rds of the money is going to real stuff instead of boondoggles!) we're actually taking *more* away than we're putting back in. Net effect over time is negative.


Liberals just don't get this; or refuse to aknowledge it based on a lifetime of indoctrination.Smiley: oyvey
#103 Jul 07 2010 at 4:19 PM Rating: Excellent
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His Excellency MoebiusLord wrote:
The "independent" review set up by the university didn't find fault with the scientists at the university.

The leftist EU politicians who have bought in to ACC lock stock and barrel found no evidence to refute the IPCC reports.

Right, of course. Until someone gives the answer you already believed must be true, it must be because each investigation was flawed.
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#104 Jul 07 2010 at 4:21 PM Rating: Excellent
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gbaji wrote:
But the real comparison which Moe and I are talking about is spending the money in either place versus not spending it in the first place.

Actually, I was responding to Moe's comments that while some of the projects (or even a majority) may be "legitimate", there was also a lot of "pork".

Since you missed the point from the very first sentence, I stopped reading your post at this point since it was obviously going to be a waste of my time.
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#105 Jul 07 2010 at 4:48 PM Rating: Excellent
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His Excellency MoebiusLord wrote:
Samira wrote:
Unmasked by whom, under what funding, and for what agenda?

Propagated by whom, under what funding and for what agenda?

See, I don't understand how any reasonable and informed person could begin to believe this. I can understand believing that there may be grievous flaws in the research conducted by the majority of climatologists, but the idea that there is a deliberate conspiracy is so utterly ludicrous.

Here are the top 10 companies in the world ranked by revenue (2009):
1. Royal Dutch Shell
2. Exxon Mobil
3. Wal-Mart Stores
4. BP
5. Chevron
6. Total
7. ConocoPhillips
8. ING Group
9. Sinopec
10. Toyota Motor

7 of those 10 are in the petroleum refining industry. Just those seven took in more than two trillion dollars in revenue last year. If anyone was going to orchestrate a conspiracy, you would place your bet on the piddly green energy industry?

It's stupid beyond imagining. You're not asserting that the U.S. government faked the moon landing and convinced joe sixpack of it; you're asserting that joe sixpack faked the moon landing and convinced the U.S. government of it.

Edited, Jul 7th 2010 5:48pm by Allegory
#106 Jul 07 2010 at 5:25 PM Rating: Decent
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Jophiel wrote:
His Excellency MoebiusLord wrote:

The "independent" review set up by the university didn't find fault with the scientists at the university.

The leftist EU politicians who have bought in to ACC lock stock and barrel found no evidence to refute the IPCC reports.


Right, of course. Until someone gives the answer you already believed must be true, it must be because each investigation was flawed.


Or, alternatively, since the investigation came to the conclusion you already believe to be true, it must be above reproach.




This is fun!
#107 Jul 07 2010 at 5:35 PM Rating: Decent
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Allegory wrote:
His Excellency MoebiusLord wrote:

Samira wrote:

Unmasked by whom, under what funding, and for what agenda?


Propagated by whom, under what funding and for what agenda?


See, I don't understand how any reasonable and informed person...


Well, I didn't see Moe reference any private or public companies. He only mentioned governments and government-funded scientists. Personally, I tend to believe scientists are, on the whole, smarter than politicians, and therefore it isn't "Joe Sixpack" faking the moon landing.
#108 Jul 07 2010 at 5:36 PM Rating: Excellent
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CountFenris wrote:
Or, alternatively, since the investigation came to the conclusion you already believe to be true, it must be above reproach.

Who said that? I haven't seen an actual "reproach" yet unless I'm supposed to count baseless general statements about how it must be flawed... just 'cause. Why, did you have some actual criticisms of their investigation or methodology?

Quote:
This is fun!

Simple minds, simple pleasures.
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#109 Jul 07 2010 at 5:37 PM Rating: Good
The other thing that people who are not university research scientists don't understand is that the scientists are paid to do research. They're paid to produce results. The people who pay them, i.e. the taxpayers via the university boards, really don't care if the results are what they expected or not. They're paid regardless.

This isn't like private medical research, where the people who produce the data are under enormous pressure to produce The Next Viagra, and as a result are willing to cook the data to make the drug look safer and more effective than it really is. Public university researchers are paid per project, before the project starts, not after the results are published.

Say, a university research applies for and receives a $100K grant to study the result of X chemical on the atmosphere. He is given the money. This is often separate from his salary, which is given to him to teach classes. The grant money is used for:
- Laboratory and equipment purchases and time rental
- Graduate student assistant salaries
- Travel expenditures

At the end of the year-long project, they publish results that say X chemical has no effect on the atmosphere.

Guess what? That information is just as valuable as if they had found that that X chemical did terrible things to the atmosphere, because now they can publish the study, and be cited by the EPA, which doesn't have to regulate the chemical.

And they already got paid for doing all that research.

Next year, they'll apply for a different grant, and start a different project. Or they may redo a specific aspect of the previous project.

Unlike private research firms, the positivity or negativity of the results has no bearing on how rich a climate scientist is going to get. The point is that they got results, period, and they didn't waste the money on hookers and blow. That's all the governing bodies that dole out that grant money really care about.
#110 Jul 07 2010 at 5:46 PM Rating: Excellent
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Don't you know? If you make vague comments of "It's all about the money" then that instantly discredits anything!

Global warming studies? All about the grant money!
Vaccines? Conspiracy by drug makers all about the money!
Stem cell research? All about that sweet grant money!
Fluoridated water? You know it's all about the money!
9/11 Commission? They had to justify spending all that money!
FDA approves a drug? It's all about the pharmaceutical money!
FDA denies a drug? Those FDA scientists had to justify their salaries by "saving" us!

Hooray!
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#111 Jul 07 2010 at 5:52 PM Rating: Excellent
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You're right; generalized statements don't really mean much.

Jophiel wrote:
Quote:

This is fun!


Simple minds, simple pleasures.


Oscar Wilde wrote:
I adore simple pleasures. They are the last refuge of the complex.


Sometimes you have to get what you can from this crazy world.
#112 Jul 07 2010 at 5:54 PM Rating: Default
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And since Xsarus asked a good question:

Sir Xsarus wrote:
Given this post, why are you so against the stimulus? It seems to me that massive funding to infrastructure and development is pretty much replicating what happened with the war and spending involved therein. You admit it works, but for some reason this time around it's no good.


I didn't admit that it worked. Go back and read the whole thing. I said that it's not as bad as just paying people to not work, but it's not as good as people working jobs which do not require government funding to exist. The very fact that government has to fund a job for it to exist is strong evidence that said job does not generate sufficient value to the rest of the economy to justify itself on its own relative merits. If it did, someone would already be paying someone to do that work, wouldn't they?

When we recovered was not while we were funding huge military spending in WW2, but *after* we stopped doing so and allowed the industries which had previously been doing things which were economically inefficient (making tanks and planes) to shift to doing things which were economically efficient (like making cars and TVs and ovens). In the same way, as long as we're paying businesses to do the things the government wants (green jobs and whatnot) instead of what the consumers want, we wont recover either. We may be able to trick our way through for awhile, but it wont be the same and in the long run we'll still be stuck in the same recessionary hole.

Quote:
As for the extension of unemployment benefits, at this point, given the money that's going to start going into industry etc, you're going to need more demand, so it seems to me that it's at worst an even trade off in terms of benefiting the economy or not. The other point is that in this case we have the capacity, so building that isn't going to help, what would help is using up that capacity.


Crap big earthquake!


Edited, Jul 7th 2010 4:55pm by gbaji
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More words please
#113 Jul 07 2010 at 5:56 PM Rating: Decent
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gbaji wrote:
The very fact that government has to fund a job for it to exist is strong evidence that said job does not generate sufficient value to the rest of the economy to justify itself on its own relative merits. If it did, someone would already be paying someone to do that work, wouldn't they?

Unless you can find private companies willing to altruistically repair our roadways without pay, this logic is far from universal.
#114 Jul 07 2010 at 6:00 PM Rating: Excellent
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CountFenris wrote:
Oscar Wilde wrote:
I adore simple pleasures. They are the last refuge of the complex.

Voltaire wrote:
A witty blah, blah... etc etc
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#115 Jul 07 2010 at 6:12 PM Rating: Decent
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Majivo wrote:
gbaji wrote:
The very fact that government has to fund a job for it to exist is strong evidence that said job does not generate sufficient value to the rest of the economy to justify itself on its own relative merits. If it did, someone would already be paying someone to do that work, wouldn't they?

Unless you can find private companies willing to altruistically repair our roadways without pay, this logic is far from universal.


We pay companies to repair roadways as a normal component of maintaining infrastructure though. We're talking about "stimulus spending", right? Smash was specifically talking about creating jobs purely for the purpose of putting money into the hands of people who would otherwise not be able to earn as much money, for the sole purpose of having them spend that money on goods and services in the economy. The theory is that the demand for products and services will somehow manage to boost the economy out of a recession.

It's a nice theory. It has never ever ever ever ever worked though. And the reason is because every single dollar you give to someone to spend has to first come from the very industries you're trying to get people to spend that money on. All you're doing is shuffling the money around. An easy example to illustrate this is if you need a ride to get somewhere, but you can't afford to pay me gas money to get there. A third party "solves" this problem by taking 20 bucks out of my pocket and gives it to you so you can hand it to me so that I can put sufficient gas in the car to get you to where you want to go. The whole demand argument is like insisting that since the car owner can pocket the difference in the amount of gas consumed and the cost of the gas as profit that he shouldn't complain.


The point that's missed is that the private economy paid the money in the first place. Even if 100% of it comes back (which it never does), the best you can do is break even. And you have the additional problem that now instead of market forces determining what gets purchased, and how much, and by whom, you have the government making those decisions. And government will *never* make those decisions in ways which are as economically efficient as the private market will. It may do so in ways which people might think as "more fair", but it will never do so in ways which cause greater economic growth over time. It can't do so. Government's interest in doing so is not to grow the economy, but to reward people who vote for them by giving them a larger share of the pie than they'd get otherwise.


That's why it doesn't work.
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King Nobby wrote:
More words please
#116 Jul 07 2010 at 6:13 PM Rating: Good
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Jophiel wrote:
Voltaire wrote:

A witty blah, blah... etc etc


I'll have the pancakes, in the Age of Enlightenment.
#117 Jul 07 2010 at 6:15 PM Rating: Good
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I didn't admit that it worked. Go back and read the whole thing. I said that it's not as bad as just paying people to not work, but it's not as good as people working jobs which do not require government funding to exist. The very fact that government has to fund a job for it to exist is strong evidence that said job does not generate sufficient value to the rest of the economy to justify itself on its own relative merits. If it did, someone would already be paying someone to do that work, wouldn't they?

When we recovered was not while we were funding huge military spending in WW2, but *after* we stopped doing so


You mean when the marginal tax rate on the top 1% of earners was raised massively to almost 90% that spurred the economy? Interesting theory. Meshes well with everything else you've posted.

Anyway, you're moronic guessing about something that takes 4 seconds to research is wrong, as usual. The economy recovered during the war, by any measure, not afterward. This is known, it's not a debatable point. Sort of like it's known that you're both ignorant and lazy. Why is debatable. Is it that you're just not that bright? Sure. Is that the only reason? Hard to say.
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Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#118 Jul 07 2010 at 6:21 PM Rating: Excellent
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It's a nice theory. It has never ever ever ever ever worked though.


Aside from every economic downturn in the history of the world, no it's never worked.

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Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#119 Jul 07 2010 at 6:27 PM Rating: Decent
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CountFenris wrote:
He only mentioned governments and government-funded scientists.

But again, that all comes back to the private companies. If you're a conspiring politician, you're going to side with the people who can give you campaign donations. If you're a conspiring scientist, you're going to conspire with the people who can pay you a nice salary in an advisory or consultant.

The green industry has nothing to offer anyone who like to conspire. They can't offer anything to scientists. They can't offer anything to governments. The petroleum industry has vastly more influence, orders of magnitude more influence. Any argument anyone could make for why someone would conspire to create a false dilemma about climate changes makes far more sense as an argument as to why someone would conspire to cover up climate change.

It's somewhat reasonably to believe that the majority of climate change specialists got it all screwed up, but a rational person has to accept that these people genuinely believe what they profess.
#120 Jul 07 2010 at 6:31 PM Rating: Decent
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gbaji wrote:

Crap big earthquake!

Um....dude. You OK?
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#121 Jul 07 2010 at 6:34 PM Rating: Decent
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Allegory wrote:
The green industry has nothing to offer anyone who like to conspire. They can't offer anything to scientists. They can't offer anything to governments. The petroleum industry has vastly more influence, orders of magnitude more influence. Any argument anyone could make for why someone would conspire to create a false dilemma about climate changes makes far more sense as an argument as to why someone would conspire to cover up climate change.

Apparently they can offer liberals some method of mind control and dependency.
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publiusvarus wrote:
we all know liberals are well adjusted american citizens who only want what's best for society. While conservatives are evil money grubbing scum who only want to sh*t on the little man and rob the world of its resources.
#122 Jul 07 2010 at 6:44 PM Rating: Decent
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Smasharoo wrote:


I didn't admit that it worked. Go back and read the whole thing. I said that it's not as bad as just paying people to not work, but it's not as good as people working jobs which do not require government funding to exist. The very fact that government has to fund a job for it to exist is strong evidence that said job does not generate sufficient value to the rest of the economy to justify itself on its own relative merits. If it did, someone would already be paying someone to do that work, wouldn't they?

When we recovered was not while we were funding huge military spending in WW2, but *after* we stopped doing so


You mean when the marginal tax rate on the top 1% of earners was raised massively to almost 90% that spurred the economy? Interesting theory. Meshes well with everything else you've posted.


The tax rates were high during the war, and didn't put a dent in the debt. What allowed us to recover wasn't paying off the debt by raising taxes, but simply growing the economy faster than government spending. Oh. And we massively reduced spending once the war ended, which helped as well. That increased growth occurred as a result of industry shifting to more productive pursuits, not because government continued to control what was made and what those things cost. None of those policies actually changed anything. We just masked it with a major war which allowed the government to impose shortages on people without them complaining too much.

Quote:
Anyway, you're moronic guessing about something that takes 4 seconds to research is wrong, as usual. The economy recovered during the war, by any measure, not afterward. This is known, it's not a debatable point. Sort of like it's known that you're both ignorant and lazy. Why is debatable. Is it that you're just not that bright? Sure. Is that the only reason? Hard to say.


I love how anything you disagree with is simply "not debatable". Seems more like you don't want the debate than anything else.

I could post link after link of people debating the issue, but I'm sure you'll insist that they're all just wrong because... well... you're sure that they are! Well, I guess that's good enough reason, right?
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More words please
#123 Jul 07 2010 at 6:46 PM Rating: Decent
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Debalic wrote:
gbaji wrote:

Crap big earthquake!

Um....dude. You OK?


Hehe. Anything over a 5 is "fun" when you're 7 floors up in an office building... This one was a "sneaker" in that it started really slow and then built up and started shaking stuff pretty well. Wasn't sure if it was going to subside or spike higher at the time I wrote that.
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King Nobby wrote:
More words please
#124 Jul 07 2010 at 6:47 PM Rating: Excellent
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gbaji is in a building collapsing from an earthquake
- 16 people like this
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Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#125 Jul 07 2010 at 6:48 PM Rating: Good
gbaji wrote:
The very fact that government has to fund a job for it to exist is strong evidence that said job does not generate sufficient value to the rest of the economy to justify itself on its own relative merits. If it did, someone would already be paying someone to do that work, wouldn't they?
...maintenance on roads doesn't generate sufficient value, blah, blah, blah?

Quit while you're behind, please.
#126 Jul 07 2010 at 6:51 PM Rating: Default
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Smasharoo wrote:


It's a nice theory. It has never ever ever ever ever worked though.


Aside from every economic downturn in the history of the world, no it's never worked.



No. It's never worked. Period. But it's a theory held very firmly by a lot of economics professors, and they don't want to be wrong, so they always spin the results so as to insist that it was those policies which "fixed" things. There is virtually zero data to support the idea that the results obtained by demand side spend-out-of-downturn policies are better than if the government just did nothing at all. The reality is that every single time those policies have been tried, the result has been a decade or more of see-sawing economic instability, which usually only stops when the government stops playing games. We can look at the Great Depression. We can look at the string of recessions in the 1970s. And we can look at what's happening right now. The Democrats took an economic problem, which if handled correctly should have been nothing more than a blip, and managed to turn it into a the biggest economic disaster since the Great Depression.


Way to go guys! Nice theory...
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King Nobby wrote:
More words please
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