The Market Wants More Stimulus

[cbirch2]

You cant have a monetary union without fiscal transfers or else you get these imbalances.

of course thats idiotic. The USA is a monetary union with Connecticut and Mississippi using the same currency.

And we have this thing called the federal government that facilitates these fiscal transfers.

If you cant read that map, ill help you out. Thats government taking money from states like Connecticut, and giving it to states like Missouri. For CT, it doesnt make much fiscal sense to stay in the union, because its paying almost twice as much in taxes as it gets back in federal aid. But for states like missouri its a great investment! They get back almost twice as much federal aid as they pay in taxes. Missouri is the Greece of the United States, and the Northeastern Liberal states are perpetually transferring money to them.

Getit?

 

[EdwardBaiamonte]

You cant have a monetary union without fiscal transfers or else you get these imbalances.

of course thats idiotic. The USA is a monetary union with Connecticut and Mississippi using the same currency.

And a mechanism for fiscal transfers call taxes.

what?????????????

 

[cbirch2]

of course thats idiotic. The USA is a monetary union with Connecticut and Mississippi using the same currency.

And a mechanism for fiscal transfers call taxes.

what?????????????

Read the edit.

i thought you might be confused.

so massively stupid. The united states is a fiscal union in which money is transferred from some states to others. Do you understand that? You were wrong. Its not idiotic, and the united states is proof positive that the EU needs a fiscal union that transfers money from surplus states to deficit states (current account balance not government budget) through taxes. just like the united states

 

[EdwardBaiamonte]

And a mechanism for fiscal transfers call taxes.

what?????????????

Read the edit.

i thought you might be confused.

so massively stupid. The united states is a fiscal union in which money is transferred from some states to others. Do you understand that? You were wrong. Its not idiotic, and the united states is proof positive that the EU needs a fiscal union that transfers money from surplus states to deficit states through taxes.

And why is it necessary to transfer money from Connecticut to Mississippi? Because if we don't the poor people of Mississippi will go hopelessly into debt and destroy the union??? Isn't thinking fun?

 

[cbirch2]

what?????????????

Read the edit.

i thought you might be confused.

so massively stupid. The united states is a fiscal union in which money is transferred from some states to others. Do you understand that? You were wrong. Its not idiotic, and the united states is proof positive that the EU needs a fiscal union that transfers money from surplus states to deficit states through taxes.

And why is it necessary to transfer money from Connecticut to Mississippi? Because if we don't the poor people of Mississippi will go hopelessly into debt and destroy the union??? Isn't thnking fun?

No. no. no!!!!

Now were back to the problem of diverging current accounts you moron.

You need the transfers to control the trade imbalances. We've already shown that the trade imbalance in europe is the result of the euro. This is why ive said you need to either have a monetary union with a strong fiscal union, or no union at all.

Your just an idiot.

 

[EdwardBaiamonte]

Read the edit.

i thought you might be confused.

so massively stupid. The united states is a fiscal union in which money is transferred from some states to others. Do you understand that? You were wrong. Its not idiotic, and the united states is proof positive that the EU needs a fiscal union that transfers money from surplus states to deficit states through taxes.

And why is it necessary to transfer money from Connecticut to Mississippi? Because if we don't the poor people of Mississippi will go hopelessly into debt and destroy the union??? Isn't thnking fun?

No. no. no!!!!

Now were back to the problem of diverging current accounts you moron.

You need the transfers to control the trade imbalances. We've already shown that the trade imbalance in europe is the result of the euro. This is why ive said you need to either have a monetary union with a strong fiscal union, or no union at all.

Your just an idiot.

so then why is the liberal so afraid to answer my questions? Do you think you are fooling anyone by trying to change the subject again?

 

[cbirch2]

And why is it necessary to transfer money from Connecticut to Mississippi? Because if we don't the poor people of Mississippi will go hopelessly into debt and destroy the union??? Isn't thnking fun?

No. no. no!!!!

Now were back to the problem of diverging current accounts you moron.

You need the transfers to control the trade imbalances. We've already shown that the trade imbalance in europe is the result of the euro. This is why ive said you need to either have a monetary union with a strong fiscal union, or no union at all.

Your just an idiot.

so then why is the liberal so afraid to answer my questions? Do you think you are fooling anyone by trying to change the subject again?

What question didnt i answer? you asked why the transfers are necessary and i told you.

Do you have amnesia? Remember how this started? Trade imbalances....starting to come back to you?

 

[EdwardBaiamonte]

No. no. no!!!!

Now were back to the problem of diverging current accounts you moron.

You need the transfers to control the trade imbalances. We've already shown that the trade imbalance in europe is the result of the euro. This is why ive said you need to either have a monetary union with a strong fiscal union, or no union at all.

Your just an idiot.

so then why is the liberal so afraid to answer my questions? Do you think you are fooling anyone by trying to change the subject again?

What question didnt i answer? you asked why the transfers are necessary and i told you.

Do you have amnesia? Remember how this started? Trade imbalances....starting to come back to you?

Why is it necessary for Connecticut(Germany) to transfer money to Mississippi(Greece) so they won't get hopelessly in debt and sink the union?? The Dollar(Euro) is the problem - right?? How will you learn if you are afraid to try?

 

[Oddball]

The Market Wants More Stimulus: Why Oh Why Can't We Have a Better Press Corps?: Yes, Rita Nazareth of Bloomberg News, We Are Looking at You Funny Because We Know You Can Do Better Department

But if you read the Bloomberg piece carefully, what it actually says is that market players fear that the absence of a debt deal means no stimulus. So the actual fear is not that spending won’t be cut enough, it is that it will be cut too much — which actually makes sense, and is consistent with the action in stock and bond markets.

But how many readers will get that? The way it’s presented reinforces the false notion that the deficit is the problem.

More at the link.

More pure unfalsifiable socialist bullshit, from a our newest socialist bullshitter.

Spend a zillion bucks and things somehow get better...Claim success.

Spend a zillion bucks and things get worse...Claim that you needed to do more.

Might as well bring on the unicorns, fairies and lucky leprechauns.

 

[Oddball]

You cant have a monetary union without fiscal transfers or else you get these imbalances.

of course thats idiotic. The USA is a monetary union with Connecticut and Mississippi using the same currency.

And we have this thing called the federal government that facilitates these fiscal transfers.

If you cant read that map, ill help you out. Thats government taking money from states like Connecticut, and giving it to states like Missouri. For CT, it doesnt make much fiscal sense to stay in the union, because its paying almost twice as much in taxes as it gets back in federal aid. But for states like missouri its a great investment! They get back almost twice as much federal aid as they pay in taxes. Missouri is the Greece of the United States, and the Northeastern Liberal states are perpetually transferring money to them.

Getit?

I get that the population density is much greater in CT than it is in MO....The latter also comprises much more surface area, so much more money is needed to build and maintain infrastructure.

But such facts tends to blow the stale old "liberoidal states are supporting everyone else" line of bullshit, so it gets ignored.

 

[cbirch2]

so then why is the liberal so afraid to answer my questions? Do you think you are fooling anyone by trying to change the subject again?

What question didnt i answer? you asked why the transfers are necessary and i told you.

Do you have amnesia? Remember how this started? Trade imbalances....starting to come back to you?

Why is it necessary for Connecticut(Germany) to transfer money to Mississippi(Greece) so they won't get hopelessly in debt and sink the union?? The Dollar(Euro) is the problem - right?? How will you learn if you are afraid to try?

Again, do you have amnesia?

Remember the trade imbalance caused by the euro? Remember those graphs?

The creation of a monetary union is causing the trade imbalances. It will only get worse if the euro stays as it is. This isnt a problem of government debt, its a balance of trade problem. A fiscal union is the natural solution; an end of the euro is the disastrous one. If things stay on their current path the problem will just get worse with time.

Getit?

 

[cbirch2]

of course thats idiotic. The USA is a monetary union with Connecticut and Mississippi using the same currency.

And we have this thing called the federal government that facilitates these fiscal transfers.

If you cant read that map, ill help you out. Thats government taking money from states like Connecticut, and giving it to states like Missouri. For CT, it doesnt make much fiscal sense to stay in the union, because its paying almost twice as much in taxes as it gets back in federal aid. But for states like missouri its a great investment! They get back almost twice as much federal aid as they pay in taxes. Missouri is the Greece of the United States, and the Northeastern Liberal states are perpetually transferring money to them.

Getit?

I get that the population density is much greater in CT than it is in MO....The latter also comprises much more surface area, so much more money is needed to build and maintain infrastructure.

But such facts tends to blow the stale old "liberoidal states are supporting everyone else" line of bullshit, so it gets ignored.

Yea i see some problems with that assumption. What about large and sparsely population nevada?

Or the compact and fairly populated Mississippi?

 

[Oddball]

The feds own more than 90% of Nevada, including a gob of military bases and test ranges...You think administering all that comes cheaply?

Mississippi has a rather large agricultural base...Farm subsidies ain't cheap either.

 

[cbirch2]

The feds own more than 90% of Nevada, including a gob of military bases and test ranges...You think administering all that comes cheaply?

Mississippi has a rather large agricultural base...Farm subsidies ain't cheap either.

You put nevada in the "high spending to taxes ratio", from what it sounds like.

Its the opposite.

Now i know ur just reaching for answers to conform to your preexisting beliefs.

 

[EdwardBaiamonte]

The Market Wants More Stimulus: Why Oh Why Can't We Have a Better Press Corps?: Yes, Rita Nazareth of Bloomberg News, We Are Looking at You Funny Because We Know You Can Do Better Department

But if you read the Bloomberg piece carefully, what it actually says is that market players fear that the absence of a debt deal means no stimulus. So the actual fear is not that spending won’t be cut enough, it is that it will be cut too much — which actually makes sense, and is consistent with the action in stock and bond markets.

But how many readers will get that? The way it’s presented reinforces the false notion that the deficit is the problem.

More at the link.

More pure unfalsifiable socialist bullshit, from a our newest socialist bullshitter.

Spend a zillion bucks and things somehow get better...Claim success.

Spend a zillion bucks and things get worse...Claim that you needed to do more.

Might as well bring on the unicorns, fairies and lucky leprechauns.

hey lets not knock it. FDR prolonged the Depression for the 10 years that led to WW 2 and then became the greatest liberal hero. If Obama can keep up the recession up for 8 years he'll be a great liberal hero too!

 

[Oddball]

The feds own more than 90% of Nevada, including a gob of military bases and test ranges...You think administering all that comes cheaply?

Mississippi has a rather large agricultural base...Farm subsidies ain't cheap either.

You put nevada in the "high spending to taxes ratio", from what it sounds like.

Its the opposite.

Now i know ur just reaching for answers to conform to your preexisting beliefs.

No, I'm reaching for facts that counter the stale old "blue states support the red states" boilerplate bullshit.

This is far more attributable to factors such as population density, military bases, agricultural subsidies, federally controlled lands, amounts of highway miles, etcetera, more so than the contrived red/blue dichotomy.

 

[cbirch2]

The Market Wants More Stimulus: Why Oh Why Can't We Have a Better Press Corps?: Yes, Rita Nazareth of Bloomberg News, We Are Looking at You Funny Because We Know You Can Do Better Department



More at the link.

More pure unfalsifiable socialist bullshit, from a our newest socialist bullshitter.

Spend a zillion bucks and things somehow get better...Claim success.

Spend a zillion bucks and things get worse...Claim that you needed to do more.

Might as well bring on the unicorns, fairies and lucky leprechauns.

hey lets not knock it. FDR prolonged the Depression for the 10 years that led to WW 2 and then became the greatest liberal hero. If Obama can keep up the recession up for 8 years he'll be a great liberal hero too!

Lol your an academic joke.

What brought us out of the dpression? From what i understand, you think somehow when all the economies around us collapsed ours got better.

Idk if you get economics but generally thats the opposite of how things work.

 

[cbirch2]

Lol so what should Roosevelt have done during the depression?

Please say "cut spending, have the fed raise interest rates, and stick to the gold standard"

 

[EdwardBaiamonte]

What brought us out of the dpression? From what i understand, you think somehow when all the economies around us collapsed ours got better.

.

"collapsed" is not really the right word. The economies around us were bombed to smitherines!! We had the only economy left standing after the war!! Its in all the history books. If China, Europe and Japan were bombed today it obviously would be a huge huge huge boost for our economy.

 

[EdwardBaiamonte]

Lol so what should Roosevelt have done during the depression?

Please say "cut spending, have the fed raise interest rates, and stick to the gold standard"

The proximate cause was bank runs and deflation. If Democrats and Republicans had taken care of that in 1929 there would have been no depression. By time FDR took office the business depression had set in. The way out was not to declare war on business of course, but to support business recovery by supporting business with tax cuts, balanced budgets, no inflation, no unions, few regulations, no trade wars, no idiotic mal-investment pump priming socialism, and no Schecter Chicken socialism.