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CampeadorAnd you have so little going for you, that combing through all my teenage threads is how you spend it.
Is there anything even left to be said?
Well I forgot to mention working out and socializing with coworkers and college friends but I figured that's a given. Guess not in your world.
I am so glad you live in your little alt-right fantasy world and can't see this country for what it is. It's a truly wonderful place.
Must ne hard knowing in a few weeks you'll have to crawl back into your little pathetic hole when old Donnie is shown for the fraud he is. Scam artist plain and simple. Called out by billionaires, blue-collared workers, his self-declared allies, and almost every other world leader (save that dictator Putin and his cronies)
.MASSHOLE.See the thing is, when you pay for education you also pay for connections. I could get a job anywhere in this country from those connections.
I mean, if you don't think thats true fine by me. But that is what paying for private education gives you beyond anything else. Finding a job isn't just about your experience, it is also about who you know, especially in the private sector. If you can't get the interview, no one cares about your experience.
.MASSHOLE.See the thing is, when you pay for education you also pay for connections. I could get a job anywhere in this country from those connections.
If this is the case I'm horrified for our country.
FrozinballzIf this is the case I'm horrified for our country.
And you think trump has an ego...
I guess some people don't understand the power of connections and finding jobs.
Who knew.
Trump is narcissistic. Big difference. Do I have an ego? Maybe online it comes off that way, but I sure as hell know and can admit when I don't know something. Ask me to do anything Comp. Sci, engineering, or any math above basic calc and I am a fish out of water. Same can be said for foreign languages.
.MASSHOLE.I mean, if you don't think thats true fine by me. But that is what paying for private education gives you beyond anything else. Finding a job isn't just about your experience, it is also about who you know, especially in the private sector. If you can't get the interview, no one cares about your experience.
After your very first job, it's ALL performance based.
Personally, I don't think an easier time finding a first job is worth $500k.
californiagrownAfter your very first job, it's ALL performance based.
Personally, I don't think an easier time finding a first job is worth $500k.
Well, in the northeast it makes a massive difference. Maybe it is different out in California, but if you want to work in the finance world out here, it is connections that set you apart. Being able to make a big world smaller through a common bond is something that you cannot put a value on.
That is not to say performance is not important, but having a connection somewhere may be the difference between a job that pays $105,000 a year versus $90,000 a year.
The only end difference between an MBA and a CFA is not knowledge, but connections (and about $100,000 less in debt). Both can command a salary worth $100,000+ upon completion, but one has an intimate and easily accessible network while the other does not.
Private schools are just another network to tap into, along side college and any other personal networks one has. I could talk to people who work in the ski, private school, finance, consulting, or even sports industry if I so wanted because of my private education.
Without listing names, that education has given me the ability to connect with CEO's, CFO's, and many other C-level executives that manage multi-billion dollar companies, many of which most people here are familiar with.
If you ask me, you can't put a price on the value of having those kinds of connections.
But that is my personal opinion, no one says it is the truth or that anyone else has to agree. I just have seen the dividends over and over again of being able to network because of these connections.
.MASSHOLE.Well, in the northeast it makes a massive difference. Maybe it is different out in California, but if you want to work in the finance world out here, it is connections that set you apart. Being able to make a big world smaller through a common bond is something that you cannot put a value on.
That is not to say performance is not important, but having a connection somewhere may be the difference between a job that pays $105,000 a year versus $90,000 a year.
The only end difference between an MBA and a CFA is not knowledge, but connections (and about $100,000 less in debt). Both can command a salary worth $100,000+ upon completion, but one has an intimate and easily accessible network while the other does not.
Private schools are just another network to tap into, along side college and any other personal networks one has. I could talk to people who work in the ski, private school, finance, consulting, or even sports industry if I so wanted because of my private education.
Without listing names, that education has given me the ability to connect with CEO's, CFO's, and many other C-level executives that manage multi-billion dollar companies, many of which most people here are familiar with.
If you ask me, you can't put a price on the value of having those kinds of connections.
But that is my personal opinion, no one says it is the truth or that anyone else has to agree. I just have seen the dividends over and over again of being able to network because of these connections.
Again, once you get into the industry, you have tge exact same ability to make connections. It's your performance that gets you that next job, promotion, offer, etc.
Believe it or not, there are a few financial centers out here on the west coast too ;).
I've never met someone so proud of their nepotism and also with such low confidence in their own merit based success. It's not a great look.
.MASSHOLE.Well, in the northeast it makes a massive difference. Maybe it is different out in California, but if you want to work in the finance world out here, it is connections that set you apart. Being able to make a big world smaller through a common bond is something that you cannot put a value on.
That is not to say performance is not important, but having a connection somewhere may be the difference between a job that pays $105,000 a year versus $90,000 a year.
The only end difference between an MBA and a CFA is not knowledge, but connections (and about $100,000 less in debt). Both can command a salary worth $100,000+ upon completion, but one has an intimate and easily accessible network while the other does not.
Private schools are just another network to tap into, along side college and any other personal networks one has. I could talk to people who work in the ski, private school, finance, consulting, or even sports industry if I so wanted because of my private education.
Without listing names, that education has given me the ability to connect with CEO's, CFO's, and many other C-level executives that manage multi-billion dollar companies, many of which most people here are familiar with.
If you ask me, you can't put a price on the value of having those kinds of connections.
But that is my personal opinion, no one says it is the truth or that anyone else has to agree. I just have seen the dividends over and over again of being able to network because of these connections.
californiagrownAgain, once you get into the industry, you have tge exact same ability to make connections. It's your performance that gets you that next job, promotion, offer, etc.
Believe it or not, there are a few financial centers out here on the west coast too ;).
I've never met someone so proud of their nepotism and also with such low confidence in their own merit based success. It's not a great look.
Except you really don't. You're just another name on a resume with many others, a face from a conference, an investor from a meeting. I can't tell you how many people I have met whom I have forgotten in my brief time working.
I am not discounting performance, but having that connection is what can separate you from the rest of the pack.
I know there are, but they are much more spread out than NYC, Boston, Greenwich, etc. If my knowledge is correct, I believe VC is the only financial industry that is larger out west than out east. Biotech, Fin. services, IB, consulting etc. are all bigger out here and a very competitive industry.
Where have I discounted my own success? Having connections nepotism. These connections do not guarantee a job, but they do help in getting a foot in the door, getting that interview, etc.
californiagrownAgain, once you get into the industry, you have tge exact same ability to make connections. It's your performance that gets you that next job, promotion, offer, etc.
Believe it or not, there are a few financial centers out here on the west coast too ;).
I've never met someone so proud of their nepotism and also with such low confidence in their own merit based success. It's not a great look.
Anyways, agree to disagree here, we both have different experiences. It is the wonderful thing about this country.
CampeadorI really got under you skin on that one, eh?
You have to be special kind of loser to fine comb through multiple threads from a decade ago. And frankly, clicking on "threads" doesn't mean you're good at research, it just means that you're pathetic.
Not to mention doing it on the company dime, have you no shame? How many other parasites does your company employ?
Lastly, to put one your little "gotcha!"s to bed, I attended a JC for a year before transferring. I skied just about everyday and had an awesome Freshman year. In retrospect, I would've liked to have stayed two years. If that's the best insult you've got, you are struggling my man. Setting half a million dollars on fire seems just so much worse.
You just keep on proving that despite a wasted $500,000 in education expenses, you're still a fucking idiot. Really, "Death Row G's"? You believed all that? Christ.
Also, your creepily in depth age calculations are off, so much for that.
Remember when you said you had like three degrees including a Ph.D? You're so full of shit. No wonder you love Trump. Shit attracts shit
.MASSHOLE.Well I forgot to mention working out and socializing with coworkers and college friends but I figured that's a given. Guess not in your world.
I am so glad you live in your little alt-right fantasy world and can't see this country for what it is. It's a truly wonderful place.
Must ne hard knowing in a few weeks you'll have to crawl back into your little pathetic hole when old Donnie is shown for the fraud he is. Scam artist plain and simple. Called out by billionaires, blue-collared workers, his self-declared allies, and almost every other world leader (save that dictator Putin and his cronies)
You've always got some made up excuse. Between spending your free time combing through all my decade old threads, and typing out furious, page long replies at 5 a.m., you are definitely a strange guy.
Perhaps I like the country, and don't like seeing you and your alt-left social justice friends trying to turn it into another Sweden.
Even if Trump were not to win, this fight isn't going anywhere. We're just getting started.
.MASSHOLE.Except you really don't. You're just another name on a resume with many others, a face from a conference, an investor from a meeting. I can't tell you how many people I have met whom I have forgotten in my brief time working.
I am not discounting performance, but having that connection is what can separate you from the rest of the pack.
I know there are, but they are much more spread out than NYC, Boston, Greenwich, etc. If my knowledge is correct, I believe VC is the only financial industry that is larger out west than out east. Biotech, Fin. services, IB, consulting etc. are all bigger out here and a very competitive industry.
Where have I discounted my own success? Having connections nepotism. These connections do not guarantee a job, but they do help in getting a foot in the door, getting that interview, etc.
If you can't make a good enough impression to be remembered, then you will always just be another name on a resume... at least after your first 5 or so years working in the industry. And if you can't make up the difference from having no connections, you weren't gonna be successful anyways.
You'll look back and laugh at how ridiculous you sounded claiming your elementary and middle school connections landed you that big corner office. Lol
I don't love Trump, he's far from the ideal candidate. But I like his fight, and his positions on islam, trade, and illegal immigration.
You don't have two four year degrees and a masters. How the fuck can you lie out of your ass when Masshole literally just exposed you as being early 20's. How's that thesis going for you? For someone who is apparently well versed in economics, enough to write a thesis. You sure lack all common sense of very basic protectionism. That is shit you learn in grade 11. What was your thesis on again? I'd love to see if you can remember what lie you told. :)
These leaked emails keep getting more interesting:
Turns out Hillary knew that the Saudis and Qataris were aiding ISIS and the other terrorists in Syria, and yet still approved weapons sales to both countries, and took tens of millions of dollars in "donations" from both countries as well.
CampeadorThese leaked emails keep getting more interesting:
Turns out Hillary knew that the Saudis and Qataris were aiding ISIS and the other terrorists in Syria, and yet still approved weapons sales to both countries, and took tens of millions of dollars in "donations" from both countries as well.
taking your sweet time to tell me what your thesis was on. Trying to find the page where you said it in this thread? You lie more than Trump
S.J.WYou don't have two four year degrees and a masters. How the fuck can you lie out of your ass when Masshole literally just exposed you as being early 20's. How's that thesis going for you? For someone who is apparently well versed in economics, enough to write a thesis. You sure lack all common sense of very basic protectionism. That is shit you learn in grade 11. What was your thesis on again? I'd love to see if you can remember what lie you told. :)
First I have a Ph.D, now I'm in my early 20s. I like the sound of both those things.
I'm not sure why you're so fixated with my thesis, it's not even that great. Wrote it between extended drinking sessions during my last two terms. It was about the economic growth of Chile under Pinochet in the 1970s and 1980s.
When are you scheduled to graduate?
It's not "protectionism" to be against the "free trade in services" and other provisions of the TPP. It's also not protectionism to demand that trade partners not manipulate their currencies to benefit their own balance of trade.
FrozinballzSo because its politician stuff it doesn't matter and lies can be swept under the table....? Then Trump would fit in wouldn't he? Obviously good at it
CampeadorFirst I have a Ph.D, now I'm in my early 20s. I like the sound of both those things.
I'm not sure why you're so fixated with my thesis, it's not even that great. Wrote it between extended drinking sessions during my last two terms. It was about the economic growth of Chile under Pinochet in the 1970s and 1980s.
When are you scheduled to graduate?
It's not "protectionism" to be against the "free trade in services" and other provisions of the TPP. It's also not protectionism to demand that trade partners not manipulate their currencies to benefit their own balance of trade.
"So says the poor chap struggling with his first one, from some no-name university no less.
"Two Bachelor's degrees and a Master's degree, what's not to understand? And yes there was the option with a 3.5 GPA or higher to write a thesis in order to graduate with honors, this was all about four years ago, like I said, I'm old.
Honestly, if I could do it again, I probably wouldn't have wasted my time with the extra work to graduate with honors, it's not all that important."
So what is it? You have a thesis, or you had the option to write a thesis? See this is the problem with lying as much as you do. Eventually it will all unravel on you.
And lol at you mentioning currency manipulation. The IMF has even confirmed most nations try to manipulate their currency. China just does it openly. What about your second largest trader, the EU? Haven't heard Trump say shit about them. A trade deficit is not a bad thing. Fucking hell. This is shit I remember from my first economics class in year 11...
Again trade is fucking good!
Just look at the Iphone. Hardly any money goes to China, even though they're made there. For someone who is apparently well versed in economics you sure do lack basic knowledge.
californiagrownIf you can't make a good enough impression to be remembered, then you will always just be another name on a resume... at least after your first 5 or so years working in the industry. And if you can't make up the difference from having no connections, you weren't gonna be successful anyways.
You'll look back and laugh at how ridiculous you sounded claiming your elementary and middle school connections landed you that big corner office. Lol
When you take meetings multiple times a month with companies that do road shows, unless you're investing $$$ they couldn't care less about who you are. $$$ talks when you're in the investment world.
It wasn't elementary or middle school...I would never tout those years as difference makers.
CampeadorYou've always got some made up excuse. Between spending your free time combing through all my decade old threads, and typing out furious, page long replies at 5 a.m., you are definitely a strange guy.
Perhaps I like the country, and don't like seeing you and your alt-left social justice friends trying to turn it into another Sweden.
Even if Trump were not to win, this fight isn't going anywhere. We're just getting started.
Yes my life is 100% made up. You would know better than anyone obviously. I am just a lonely 400 pound man sitting in a basement. It's not like I workout 2x a day, work 10.5 hours minimum, and then kick back and relax. That never ever happens.
You guys will crawl back under your rock like you have been for the past 3 decades or so once he loses. There is no room for people like you, hence why as Trump continues to get exposed his support continues to decline. But obviously math and statistics have a leftist bias so they can't be real.
.MASSHOLE.When you take meetings multiple times a month with companies that do road shows, unless you're investing $$$ they couldn't care less about who you are. $$$ talks when you're in the investment world.
It wasn't elementary or middle school...I would never tout those years as difference makers.
Right. If you aren't going to make folks money, they don't give two shits you and their little don't Timmy had them class together.
You didn't go to private middle school or elementary school? Curious how you came up with $500k...
californiagrownRight. If you aren't going to make folks money, they don't give two shits you and their little don't Timmy had them class together.
You didn't go to private middle school or elementary school? Curious how you came up with $500k...
How did we get from talking about interviewing to making money? In my line of work, if you aren't investing in the company you are just another name, nothing more. Also, the second half of that sentence literally made zero sense but I think I know where you were going with it, forgive me if I don't though.
You seem to think that the I believe the interview process = getting hired. The point of these connections is to get you that interview, that call back, etc. because there is a commonality between you and that person on top of your resume. I don't know how many times I have to repeat that...
I did, but those aren't the connections I was referring to. Different school, different situation.
S.J.W"So says the poor chap struggling with his first one, from some no-name university no less.
"Two Bachelor's degrees and a Master's degree, what's not to understand? And yes there was the option with a 3.5 GPA or higher to write a thesis in order to graduate with honors, this was all about four years ago, like I said, I'm old.
Honestly, if I could do it again, I probably wouldn't have wasted my time with the extra work to graduate with honors, it's not all that important."
So what is it? You have a thesis, or you had the option to write a thesis? See this is the problem with lying as much as you do. Eventually it will all unravel on you.
And lol at you mentioning currency manipulation. The IMF has even confirmed most nations try to manipulate their currency. China just does it openly. What about your second largest trader, the EU? Haven't heard Trump say shit about them. A trade deficit is not a bad thing. Fucking hell. This is shit I remember from my first economics class in year 11...
Again trade is fucking good!
Just look at the Iphone. Hardly any money goes to China, even though they're made there. For someone who is apparently well versed in economics you sure do lack basic knowledge.
This really is not that complex, the thesis was optional in order to graduate "with honors" and I decided to write one. Honestly, I would say graduating with honors is a waste of time, but the topic I wrote about was interesting at least. You act like I'm claiming to be Nobel Laureate. Get your head on straight.
Being from Australia, I don't think you've got a clue about the TPP and TiSA agreement. Essentially TiSA would allow US companies to "insource" (rather than outsource) foreigners to take middle-class jobs away from Americans, so that companies can pay the foreigners half the salary of an American. It would the H1B visa program on steroids.
It's difficult to argue against someone who swallows every economic platitude from a Business 101 class as the irrefutable truth.
And yes, massive trade deficits are bad. China has gamed their trade deficit using internal measure to provide themselves an advantage, this deserves repercussions. China and NAFTA have destroyed the manufacturing base that was once was the backbone of the US economy.
I'll take more and better-paying American working class jobs over lower consumer prices on Chinese-made junk. You have a strange case of corporate leftism, which I suppose explains your support for Hillary.
And I don't know if it's changed much, but it's funny the most recent iPhone stats you could find were for the iPhone 3G. Look a little harder next time.
.MASSHOLE.Yes my life is 100% made up. You would know better than anyone obviously. I am just a lonely 400 pound man sitting in a basement. It's not like I workout 2x a day, work 10.5 hours minimum, and then kick back and relax. That never ever happens.
You guys will crawl back under your rock like you have been for the past 3 decades or so once he loses. There is no room for people like you, hence why as Trump continues to get exposed his support continues to decline. But obviously math and statistics have a leftist bias so they can't be real.
CampeadorThis really is not that complex, the thesis was optional in order to graduate "with honors" and I decided to write one. Honestly, I would say graduating with honors is a waste of time, but the topic I wrote about was interesting at least. You act like I'm claiming to be Nobel Laureate. Get your head on straight.
Being from Australia, I don't think you've got a clue about the TPP and TiSA agreement. Essentially TiSA would allow US companies to "insource" (rather than outsource) foreigners to take middle-class jobs away from Americans, so that companies can pay the foreigners half the salary of an American. It would the H1B visa program on steroids.
It's difficult to argue against someone who swallows every economic platitude from a Business 101 class as the irrefutable truth.
And yes, massive trade deficits are bad. China has gamed their trade deficit using internal measure to provide themselves an advantage, this deserves repercussions. China and NAFTA have destroyed the manufacturing base that was once was the backbone of the US economy.
I'll take more and better-paying American working class jobs over lower consumer prices on Chinese-made junk. You have a strange case of corporate leftism, which I suppose explains your support for Hillary.
And I don't know if it's changed much, but it's funny the most recent iPhone stats you could find were for the iPhone 3G. Look a little harder next time.
Thing is, no one wants to pay a lot for nice things.
Back when manufacturing was booming here, people didn't have a lot of luxuries. Nowadays folks want all the luxuries, and if they can't afford the stuff they blame the economy.
The expected standard of living has gotten too damn high here. 150 million people in this country are in the bottom 50% of intelligence. Why the fuck do the think they deserve an upper middle class life.
I think a big part of the economic issue is sociological, and our societys learned entitlement.
CampeadorThis really is not that complex, the thesis was optional in order to graduate "with honors" and I decided to write one. Honestly, I would say graduating with honors is a waste of time, but the topic I wrote about was interesting at least. You act like I'm claiming to be Nobel Laureate. Get your head on straight.
Being from Australia, I don't think you've got a clue about the TPP and TiSA agreement. Essentially TiSA would allow US companies to "insource" (rather than outsource) foreigners to take middle-class jobs away from Americans, so that companies can pay the foreigners half the salary of an American. It would the H1B visa program on steroids.
It's difficult to argue against someone who swallows every economic platitude from a Business 101 class as the irrefutable truth.
And yes, massive trade deficits are bad. China has gamed their trade deficit using internal measure to provide themselves an advantage, this deserves repercussions. China and NAFTA have destroyed the manufacturing base that was once was the backbone of the US economy.
I'll take more and better-paying American working class jobs over lower consumer prices on Chinese-made junk. You have a strange case of corporate leftism, which I suppose explains your support for Hillary.
And I don't know if it's changed much, but it's funny the most recent iPhone stats you could find were for the iPhone 3G. Look a little harder next time.
God I love you ranting about trade deficit's like they're the devil. Really shows how clueless you are.
They are not caused by microeconomic results of trade policies or industrial competitiveness. They are macroeconomic-event driven, specifically national rates of savings and investments. I mean for fucks sake, we've had a trade deficit for the past 40 years. Naming it a trade deficit is a misnomer as it is driven by interest rates and investments aka capital inflows and outflows.
If you want to lower the trade deficit, cut the use of the US dollar as a global currency. But also risk ruining the entire global financial system. Your choice.
Oh, and the majority of those jobs were destroyed by automation, not NAFTA or China.
CampeadorThis really is not that complex, the thesis was optional in order to graduate "with honors" and I decided to write one. Honestly, I would say graduating with honors is a waste of time, but the topic I wrote about was interesting at least. You act like I'm claiming to be Nobel Laureate. Get your head on straight.
Being from Australia, I don't think you've got a clue about the TPP and TiSA agreement. Essentially TiSA would allow US companies to "insource" (rather than outsource) foreigners to take middle-class jobs away from Americans, so that companies can pay the foreigners half the salary of an American. It would the H1B visa program on steroids.
It's difficult to argue against someone who swallows every economic platitude from a Business 101 class as the irrefutable truth.
And yes, massive trade deficits are bad. China has gamed their trade deficit using internal measure to provide themselves an advantage, this deserves repercussions. China and NAFTA have destroyed the manufacturing base that was once was the backbone of the US economy.
I'll take more and better-paying American working class jobs over lower consumer prices on Chinese-made junk. You have a strange case of corporate leftism, which I suppose explains your support for Hillary.
And I don't know if it's changed much, but it's funny the most recent iPhone stats you could find were for the iPhone 3G. Look a little harder next time.
And your web of lies untangle. You either wrote a thesis, or had the option to write a thesis. What is it?
Yeah you're right, I know nothing about the TPP. You know apart from Australia being a member country... But hey, you knew that right?
And no a trade deficit isn't a bad thing. Where'd you get that one from? It's a sign of strong economic development, higher levels of income and consumer confidence. And no I don't think business 101 is irrefutable truth. But when the majority of economists agree on something, then your shitty little "thesis" doesn't mean shit. Majority of economists agree that free trade is a good thing. Even your emperor Trump loved free trade when it benefited him. Making all his shirts and hats and what else in china and other developing nations. But yeah, let's bring jobs back to America from the guy who outsourced his jobs in the first place...
But anyways, free trade is just a by product of your precious free market. As a consumer YOU have the option to CONSUME AMERICAN MADE PRODUCTS. Not products from china or whatever. This trade deficit which you think is so bad, is because of your american consumer choices. Let's look at Canada Goose. They make all their jackets in Canada. Their jackets suck, but people buy them because of status and because they're made in Canada. If all these Trump supporters want jobs back in America.START FUCKING BUYING AMERICAN MADE PRODUCTS. You as a consumer dictate the fucking market.
And there isn't a single piece of evidence out there which suggests American made products are better than China made products...
S.J.WAnd your web of lies untangle. You either wrote a thesis, or had the option to write a thesis. What is it?
But anyways, free trade is just a by product of your precious free market. As a consumer YOU have the option to CONSUME AMERICAN MADE PRODUCTS. Not products from china or whatever. This trade deficit which you think is so bad, is because of your american consumer choices. Let's look at Canada Goose. They make all their jackets in Canada. Their jackets suck, but people buy them because of status and because they're made in Canada. If all these Trump supporters want jobs back in America.START FUCKING BUYING AMERICAN MADE PRODUCTS. You as a consumer dictate the fucking market.
And there isn't a single piece of evidence out there which suggests American made products are better than China made products...
You've got a very limited ability to understand very basic statements. I had the option, so I wrote one. Without one, I wouldn't have graduated "with honors", but rather just a standard degree. Like I said, it was mostly a waste of time.
How deep into the abyss does your lack of any cognitive ability go?
And yes, I wholeheartedly agree with you. Americans should buy American-made products, Canadians should buy Canadian products, and equal partners in trade should have free trade with one another. I go out of my way to buy domestic products whenever possible. I also buy from our equal trading partners in Europe, Canada, Australia, New Zealand, and a select few other places. Deficits with relatively equal trading partners is the free market.
On the other hand, the people who are content with trade as it stand now with China are idiots. We do not have "free trade" with China. The U.S. allows them to dump their products on our shores with no import duties, manipulate their monetary policy to their trade advantage, and slap high tariffs on almost all U.S. products that enter China. Explain how this is "free trade". It's a destructive vehicle that puts U.S. producers in an unjust competitive position.
Also, there is no consumption without production.
And as to your last statement, that U.S. goods are just as good as Chinese goods. It's just extraordinary how deep into stupidity you're willing to delve to attempt to prove your point.
I'm assuming then your next car will be Chinese, since there is "no evidence" that there is any difference at all.
.MASSHOLE.I mean for fucks sake, we've had a trade deficit for the past 40 years. Naming it a trade deficit is a misnomer as it is driven by interest rates and investments aka capital inflows and outflows.
Oh, and the majority of those jobs were destroyed by automation, not NAFTA or China.
Never before has the U.S. had a trade deficit like the one we have (and have had) with China. Your statement is the equivalent of saying,
"$19.6 trillion in debt! So what?! The U.S. has had debt since 1838!"''
Sure, it's driven by other factors as well, but none stronger than the balance of imports to exports. I realize that you get all your economic information from Paul Krugman, hence why you think public debts is, "no big deal", and that high trade deficits are great. Pardon me if I don't take a Krugman disciple, who doesn't even understand tax deductions, all that seriously. Hell, you could've hired Krugman as your private professor for 500k.
And lastly, while automation has substituted many jobs, it doesn't explain companies substituting domestic work forces with foreign ones. That is based on lopsided trade deals that benefit countries like Mexico and China, and the executives at companies that take advantage of their access to the U.S. consumer market.
Hmmm, I wonder why the gap between the very rich and the poor keeps on growing?
californiagrownThing is, no one wants to pay a lot for nice things.
Back when manufacturing was booming here, people didn't have a lot of luxuries. Nowadays folks want all the luxuries, and if they can't afford the stuff they blame the economy.
The expected standard of living has gotten too damn high here. 150 million people in this country are in the bottom 50% of intelligence. Why the fuck do the think they deserve an upper middle class life.
I think a big part of the economic issue is sociological, and our societys learned entitlement.
I don't believe that everyone deserves an upper middle class life, that has to be earned.
However, I do think all Americans should have the opportunity at a job that allows them a decent standard of living, where they are not dependent on the government treasury.
The reason we have so many stupid people, is because the government has subsidized the offspring of those who are often too stupid to support their own families. A couple of generations of that and you have the current result. And each time more of them will be dependent on government benefits.
But what can you do? How do you stop stupid poor people from having kids? The control before was a lack of resources (food, shelter, healthcare, etc), but now that all those needs are provide for, how do you control it? The "war on poverty" has been a total disaster.
CampeadorI don't believe that everyone deserves an upper middle class life, that has to be earned.
However, I do think all Americans should have the opportunity at a job that allows them a decent standard of living, where they are not dependent on the government treasury.
The reason we have so many stupid people, is because the government has subsidized the offspring of those who are often too stupid to support their own families. A couple of generations of that and you have the current result. And each time more of them will be dependent on government benefits.
But what can you do? How do you stop stupid poor people from having kids? The control before was a lack of resources (food, shelter, healthcare, etc), but now that all those needs are provide for, how do you control it? The "war on poverty" has been a total disaster.
To you, what is a decent standard of living?
I don't think there are enough well paying jobs to go around, so we must rely on the government to even out the standard of living through taxes. The market will fuck over the dumb and/or lazy. But the dumb still feel entitled to a high standard of living.
CampeadorNever before has the U.S. had a trade deficit like the one we have (and have had) with China. Your statement is the equivalent of saying,
"$19.6 trillion in debt! So what?! The U.S. has had debt since 1838!"''
Sure, it's driven by other factors as well, but none stronger than the balance of imports to exports. I realize that you get all your economic information from Paul Krugman, hence why you think public debts is, "no big deal", and that high trade deficits are great. Pardon me if I don't take a Krugman disciple, who doesn't even understand tax deductions, all that seriously. Hell, you could've hired Krugman as your private professor for 500k.
And lastly, while automation has substituted many jobs, it doesn't explain companies substituting domestic work forces with foreign ones. That is based on lopsided trade deals that benefit countries like Mexico and China, and the executives at companies that take advantage of their access to the U.S. consumer market.
Hmmm, I wonder why the gap between the very rich and the poor keeps on growing?
Lol, $19.6 trillion in debt with roughly 1/3rd of that being held by foreign governments. The rest is held by our own public and government...Do you think we are really going to bankrupt ourselves? I mean, Trump may if he wants to negotiate on US bond payments...
Do you have any idea what dictates these capital inflows and outflows? Macroeconomic events...Interest rates, exchange rates, etc.
This isn't Krugman-esque, this is basic economic knowledge. This is Econ 101 which you clearly have never taken. And also, tax code =/= economics, tax codes = accounting, and normally higher level accounting for accounting majors.
Lopsided trade deals? Lol, no, companies are always going to find the cheapest/most efficient source of labor so long as they have a public holder to appease. Why do you think financial firms are going to leave England after Brexit?
Also, that whole "trade deals ruined us" rhetoric is just so deeply flawed. We are a service economy, not a manufacturing one and have been trending this way for decades. We no longer have expertise in any sort of manufacturing capacity for it to be worthwhile for ANY company, public or private, to invest in American-produced goods on a large scale.
Oh, so you're concerned about wealth inequality now? You're voting for the candidate who is going to increase that gap exponentially.
californiagrownTo you, what is a decent standard of living?
I don't think there are enough well paying jobs to go around, so we must rely on the government to even out the standard of living through taxes. The market will fuck over the dumb and/or lazy. But the dumb still feel entitled to a high standard of living.
I just feel that more people were able to get by in the past than they do now. For example, in the 1960s and 1970s, I think the opportunities and jobs available to blue collar workers were much better than they are now.
A decent living would be one where a family can afford the necessities (food, shelter, clothing), without government assistance. The fact that the government pays for the food of almost 1/6 of the population is just absurd.
.MASSHOLE.Lol, $19.6 trillion in debt with roughly 1/3rd of that being held by foreign governments. The rest is held by our own public and government...Do you think we are really going to bankrupt ourselves? I mean, Trump may if he wants to negotiate on US bond payments...
Do you have any idea what dictates these capital inflows and outflows? Macroeconomic events...Interest rates, exchange rates, etc.
This isn't Krugman-esque, this is basic economic knowledge. This is Econ 101 which you clearly have never taken. And also, tax code =/= economics, tax codes = accounting, and normally higher level accounting for accounting majors.
Lopsided trade deals? Lol, no, companies are always going to find the cheapest/most efficient source of labor so long as they have a public holder to appease. Why do you think financial firms are going to leave England after Brexit?
Also, that whole "trade deals ruined us" rhetoric is just so deeply flawed. We are a service economy, not a manufacturing one and have been trending this way for decades. We no longer have expertise in any sort of manufacturing capacity for it to be worthwhile for ANY company, public or private, to invest in American-produced goods on a large scale.
Oh, so you're concerned about wealth inequality now? You're voting for the candidate who is going to increase that gap exponentially.
Wait a minute... aren't you the same person who had a fit when Trump suggested potentially renegotiating the debt?
It's interesting you pretend to understand interest rates, when you haven't got a clue that the interest on the debt is one of the main threats of a twenty trillion dollar deficit. Only a wasted 500k in education could produce someone that is so pretentious and dumb at the same time.
So far for fiscal year 2016, the U.S. government has paid $432,649,652,901.12 in interest on the debt. And that's with interest rates near zero. This amount could shoot through the roof if the interest rate rises, with the United States government reaching the point of being completely insolvent.
If you don't think that's a problem, you're a fucking idiot.
Also, only a smug financial sector parasite could think that the U.S. doesn't have strong manufacturing capabilities. Toyota makes beautiful cars right here in the USA. The United States has plenty of manufacturing potential.
