tag:blogger.com,1999:blog-6616959642391988608.post5447055516606323200..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Corporate profits look very strongScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-6616959642391988608.post-16850823291598226062010-06-26T12:33:27.764-07:002010-06-26T12:33:27.764-07:00Scott,
I would your like your thoughts on what ha...Scott,<br /><br />I would your like your thoughts on what happens if/when the federal and state governments are forced to lay off all the employees making six figure salaries who probably can't come close to making that much in the private sector if they can even find a job there. If they are forced out of their middle to upper middle-class lifestyles, doesn't that ultimately hurt the Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28706384679872774432010-06-26T11:28:45.064-07:002010-06-26T11:28:45.064-07:00wjmc: I'm not sure I agree with your suggestio...wjmc: I'm not sure I agree with your suggestion that profits are a zero-sum game (i.e., when corporations get rich the people suffer). Corporate profits are the lifeblood of the economy. Without profits businesses cannot function, grow, or hire. Profits help direct the economy's resources to their best and highest uses. Rising profits are a sign that businesses are more productive, and Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52292455636539571522010-06-26T04:15:16.978-07:002010-06-26T04:15:16.978-07:00If I understand this posting's idea, corporati...If I understand this posting's idea, corporations are now making money again, and so we should all be happy, is that right? The problem is that when corporations became very profitable during the early 2000's, the "people" including the middle-class kept getting poorer. Now, I am all for corporations making money, absolutely. But, I am also all for the people. Whether we McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63178663965188473802010-06-25T20:57:41.658-07:002010-06-25T20:57:41.658-07:00Hi Scott,
Why do you think corporate profits as a...Hi Scott,<br /><br />Why do you think corporate profits as a percent of GDP have been above average for the past couple of decades? What are the key macro variables that impact this ratio?<br /><br />Thanks,<br />MarkMark Gerberhttps://www.blogger.com/profile/07980096984624964261noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-36358045315602884172010-06-25T17:25:28.174-07:002010-06-25T17:25:28.174-07:00"So, then, why are Obama's deficits so te..."So, then, why are Obama's deficits so terrible, coming as they do, in the nadir of a worst recession we have seen since before WWII?"<br /><br /><a href="http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/" rel="nofollow">Here you go</a>, Benji, feast your eyes on this and see if you can figure it out for yourself. <br /><br /><br />"That gave Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75240169673421655442010-06-25T15:40:19.948-07:002010-06-25T15:40:19.948-07:00Scott-
Oh, jeez, the "deficits don't mat...Scott-<br /><br />Oh, jeez, the "deficits don't matter" chorus, a Republican mantra every time they get control of DC. <br /><br />So, then, why are Obama's deficits so terrible, coming as they do, in the nadir of a worst recession we have seen since before WWII?<br /><br />Were you not bemoaning all the capital sucked out of the private sector by the Obama deficits just Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-48790793599885691222010-06-25T13:07:34.166-07:002010-06-25T13:07:34.166-07:00I disagree Scott. In a perfect world yes, however,...I disagree Scott. In a perfect world yes, however, maintaining 2-3% debt limit is nigh impossible. Ask Europe how their 3% debt cap is working out.<br /><br />Government will create any excuse to stray from the mark.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62161971272006654192010-06-25T12:52:56.142-07:002010-06-25T12:52:56.142-07:00"Why do you think that the R-Party, in a weak..."Why do you think that the R-Party, in a weak economy, will balance the budget?"<br /><br />I don't necessarily, at least not right away, especially with Obama in charge. But they'll at least take us a few steps back from the volcano's edge Obama is pushing us towards. <br /><br />"Still, we have seen the R-Party propose and then run huge deficits even in strong Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-45030525023873714522010-06-25T12:32:36.507-07:002010-06-25T12:32:36.507-07:00Let me stir the pot and say that there is no reaso...Let me stir the pot and say that there is no reason at all for the US government to run a balanced budget. In fact, I think there is a good case to be made for never allowing the deficit to fall below a certain level relative to GDP. A deficit of about 2-3% of GDP every year would be optimal. Why? Because that would keep the Treasury market liquid and reliable, and the world's capital marketsScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-20574015146430219902010-06-25T12:21:37.348-07:002010-06-25T12:21:37.348-07:00Paul-
I hope you are right. Still, we have seen ...Paul-<br /><br />I hope you are right. Still, we have seen the R-Party propose and then run huge deficits even in strong economies--even when they held working majorities in House and Senate.<br /><br />Why do you think that the R-Party, in a weak economy, will balance the budget? On the basis of what track record?<br /> <br />It has been a long time since Eisenhower and Dirksen were calling Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-60840445197545206952010-06-25T11:38:33.713-07:002010-06-25T11:38:33.713-07:00Benji,
It boggles the mind how you can be so
obt...Benji,<br /><br />It boggles the mind how you can be so <br />obtuse after the staggering amounts of debt your boyfriend and the Pelosi Democrats have run up, and are projected to spend. All the GOP has to do is not be Obama and that will be an improvement.Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79330483681114960082010-06-25T11:29:52.350-07:002010-06-25T11:29:52.350-07:00You know, Charlie Brown believed each year he woul...You know, Charlie Brown believed each year he would kick that football that Lucy held. You guys believe each time that the Republican Party will fight deficits. <br /><br />The Republicans Party survives on deficits---patronage to the Red Bloc of rural states, defense-security outlays and tax cuts. <br /><br />Remember, Kentucky gets back $1.51 for every dollar it sends to DC. It is a typical Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89046555910165112552010-06-25T11:24:07.683-07:002010-06-25T11:24:07.683-07:00Public: I'd be among the first to say that the...Public: I'd be among the first to say that the Fed has not done a good job. But you have to admit that the inflation statistics haven't been nearly as bad as the would need to be to say that the Fed has failed us. And they have not necessarily facilitated deficit spending. If they had, we would have seen significant monetary expansion and much more inflation.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61709912129946972932010-06-25T10:32:59.765-07:002010-06-25T10:32:59.765-07:00Scott,
Agree completely. Look at the rockstar sta...Scott,<br /><br />Agree completely. Look at the rockstar status Chris Christie has gained since taking office.Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86725385516933249732010-06-25T10:29:28.923-07:002010-06-25T10:29:28.923-07:00The Tea Party does not talk about the unwinding of...The Tea Party does not talk about the unwinding of the Federal Reserve which is truly the root of the problem.<br /><br />Despite fiscal restraint, eventually the Federal Reserve will induce spenders, savers, and producers into distorted activities via artificial credit expansion.<br /><br />The value of money drives behavior at the fundamental level. You get the price of money wrong, the whole Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69469577230823896382010-06-25T10:23:25.097-07:002010-06-25T10:23:25.097-07:00Just the thought of Washington facing gridlock aft...Just the thought of Washington facing gridlock after the November elections is music to my ears.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53045795478554111512010-06-25T10:15:38.460-07:002010-06-25T10:15:38.460-07:00Compared to what we have now, I'd go back to t...Compared to what we have now, I'd go back to the deficits we had 2000-2006 any day. <br /><br />The GOP Congress will face an uphill battle, however, because the chances of taking the Senate are slim, and they will still have to battle with Benji's socialist boyfriend.Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86713219150167678272010-06-25T10:15:20.999-07:002010-06-25T10:15:20.999-07:00The rise of the Tea Party is good evidence that th...The rise of the Tea Party is good evidence that there has been a sea-change in the mood of the electorate. Newly elected politicians are going to have a strong bias to cutting or holding the line on spending and not raising taxes. This is the new mandate. It's as if the Libertarian Party has slapped the Republicans in the face, force the Reps to move to the right fiscally. Conservative fiscalScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28301025544521467432010-06-25T10:15:04.496-07:002010-06-25T10:15:04.496-07:00Some of the best reading I have seen yet.
http://...Some of the best reading I have seen yet.<br /><br />http://mises.org/daily/3788<br /><br />Neither Keynesian nor Monetarist interventionistas are part of the solution. In fact, they are the problem.<br /><br />"The experience of 1920–1921 reinforces the contention of genuine free-market economists that government intervention is a hindrance to economic recovery. It is not in spite of the Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56818105336100668382010-06-25T09:51:47.813-07:002010-06-25T09:51:47.813-07:00Scoot-
I realize that Redleaf and Vigilante conte...Scoot-<br /><br />I realize that Redleaf and Vigilante contend there is a lot of "dumb money" out there, but does anyone really believe that that the R-Party will cut the deficit? <br /><br />Based on the historical record 2000-2006? When they controlled both Houses, the Oval Office and the Supreme Court? <br /><br />Or based on the fevered promises and flag-waving we will soon see?Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com