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Old 03-20-2013, 10:37 AM   Topic Starter
Taco John Taco John is offline
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Elizabeth Warren thinks minimum wage should be $22/hour



Wow. This woman is turning herself into a circus clown...
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Old 03-20-2013, 10:41 AM   #2
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Fantastic idea, except that gas would be $16/gal, and milk would be $45/gal.
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Old 03-20-2013, 10:46 AM   #3
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Fantastic idea, except that gas would be $16/gal, and milk would be $45/gal.
I always try to explain this to people who bring up the idea of a minimum wage. There's now a growing group of people who think we should be getting a "citizens salary." Just free money from the government for being citizens. Sure, on the face, if you know absolutely nothing about economics, it sounds like a great idea.

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Old 03-20-2013, 10:57 AM   #4
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Fantastic idea, except that gas would be $16/gal, and milk would be $45/gal.
Then let's make it $40 an hour and that should take care of it.
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Old 03-20-2013, 10:47 AM   #5
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She didn't say min wage should be $22/hr...
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Old 03-20-2013, 10:48 AM   #6
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Originally Posted by KChiefer View Post
She didn't say min wage should be $22/hr...
First harry reid, now this.

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Old 03-20-2013, 12:18 PM   #7
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Originally Posted by KChiefer View Post
She didn't say min wage should be $22/hr...
but she is curious as to why it isn't.

Which just further proves her ignorance
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Old 03-20-2013, 11:00 AM   #8
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Warren was imported into Mass to be their senator just as Hillary was imported into NY. This is how the left operates to put in such stupid economic policies. Warren is clueless bout productivity having gone up for starters. Unfortunately, as the govt schools churn out more socialists, who are in denial about being one, more people think their policies are good ideas. They never learned any economic history...'oops I mean history. Only the kind that worships the state taking care of them. KChiefer is a perfect example.
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Old 03-20-2013, 02:16 PM   #9
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Quote:
Originally Posted by BucEyedPea View Post
Warren was imported into Mass to be their senator just as Hillary was imported into NY. This is how the left operates to put in such stupid economic policies. Warren is clueless bout productivity having gone up for starters. Unfortunately, as the govt schools churn out more socialists, who are in denial about being one, more people think their policies are good ideas. They never learned any economic history...'oops I mean history. Only the kind that worships the state taking care of them. KChiefer is a perfect example.
"Socialists"? ...........Fremdscham.

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Old 03-20-2013, 03:22 PM   #10
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Quote:
Originally Posted by BucEyedPea View Post
Warren was imported into Mass to be their senator just as Hillary was imported into NY. This is how the left operates to put in such stupid economic policies. Warren is clueless bout productivity having gone up for starters. Unfortunately, as the govt schools churn out more socialists, who are in denial about being one, more people think their policies are good ideas. They never learned any economic history...'oops I mean history. Only the kind that worships the state taking care of them. KChiefer is a perfect example.


Oh sweet irony.


You're saying others haven't learned history, then compare Hillary Clinton moving to New York in 2000 and being elected Senator in.....wait for it....2000 to Warren moving to Massachusetts in the 90s so she could be a professor at Harvard (as a non-tenured professor in 1992 and then tenured in 1995) and then being elected to the Senate nearly 20 years later. I'm sure she lived in DC sometimes during those 20 years when she worked there, but she was hardly the carpetbagger Hillary was.

I didn't even vote for Warren but I wanted to point out that, as usual, you're wrong.
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Old 03-20-2013, 05:48 PM   #11
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Quote:
Originally Posted by BucEyedPea View Post
Warren was imported into Mass to be their senator just as Hillary was imported into NY. This is how the left operates to put in such stupid economic policies. Warren is clueless bout productivity having gone up for starters. Unfortunately, as the govt schools churn out more socialists, who are in denial about being one, more people think their policies are good ideas. They never learned any economic history...'oops I mean history. Only the kind that worships the state taking care of them. KChiefer is a perfect example.
Please go on oh wise one. Elizabeth Warren has forgotten more about economic history and fiscal policy than you will ever know.
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Old 03-20-2013, 06:30 PM   #12
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Please go on oh wise one. Elizabeth Warren has forgotten more about economic history and fiscal policy than you will ever know.
Nope. Eventhough it's not an argument based on anything. She's economically clueless. Progressives are. 'Er well Keynesians are. If we have to print money to buy imports, productivity has not risen. It's an artificial boost in our standard of living which is about to end.
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Old 03-20-2013, 06:44 PM   #13
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Originally Posted by BucEyedPea View Post
Nope. Eventhough it's not an argument based on anything. She's economically clueless. Progressives are. 'Er well Keynesians are. If we have to print money to buy imports, productivity has not risen. It's an artificial boost in our standard of living which is about to end.
You are confusing production with productivity.
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Old 03-20-2013, 06:48 PM   #14
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You are confusing production with productivity.
They are related. Either way, we have not produced more goods instead we print money. There's no increase in real wealth or income.
People just feel richer than they are due to the extra money in circulation. To keep it brief.

http://www.thefreedictionary.com/productivity

2. productivity - (economics) the ratio of the quantity and quality of units produced to the labor per unit of time
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
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Old 03-20-2013, 07:15 PM   #15
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Please go on oh wise one. Elizabeth Warren has forgotten more about economic history and fiscal policy than you will ever know.
Notre Dame 'eh? Much of the mis and dis-information in economics stems from some of our best universities. It's worse in the Ivy League like Yale and Harvard.
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