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Post by NOTTHOR on Feb 25, 2009 12:43:15 GMT -6
I got a long black hair in my lamb and beef pita today. It was disgusting.
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Post by Gumbyhawk on Feb 25, 2009 12:59:02 GMT -6
No double porter house today??? WTF??
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Post by NOTTHOR on Feb 25, 2009 13:14:16 GMT -6
No double porter house today??? WTF?? Nope, I'm scaling back as part of my consumption strike. Buying double porterhouses at nice restaurants creates decent middle class employment for servers, cooks, managers, etc. My consumption isn't important, only people with family incomes under $150k matter per the stimulus plan. |
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Post by Gumbyhawk on Feb 25, 2009 13:16:31 GMT -6
(sigh)
Are you being wistful for the days of Reaganomics, BTR?
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Post by thunderhawk on Feb 25, 2009 13:40:45 GMT -6
Did that greasy hair trickle down your chin?
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Post by NOTTHOR on Feb 26, 2009 9:11:19 GMT -6
(sigh) Are you being wistful for the days of Reaganomics, BTR? Nope, just being a rational consumer. We've got a big tax hike coming soon and I suspect a bout with stagflation that will rival the Carter years, so I must conserve my cash position. The new forces of government think that they are better at consuming my income than me, so I'll step aside and let them pick up the slack. Someone else will have to eat that $88 double porterhouse so Morton's can pay its employees. |
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Post by thunderhawk on Feb 26, 2009 13:33:18 GMT -6
(sigh) Are you being wistful for the days of Reaganomics, BTR? Nope, just being a rational consumer. We've got a big tax hike coming soon and I suspect a bout with stagflation that will rival the Carter years, so I must conserve my cash position. The new forces of government think that they are better at consuming my income than me, so I'll step aside and let them pick up the slack. Someone else will have to eat that $88 double porterhouse so Morton's can pay its employees. Remember that horrible stagflation that resulted from Clinton's tax hike in 1993? That stagflation and economic collapse that Newt, Rush, and the rest of the Laffer club warned us about? Remember how fucking terrible the rest of the 90s were? Oh shit. Wait. I know, I know. Tech Bubble. Blah blah blah. |
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Post by NOTTHOR on Feb 26, 2009 19:23:39 GMT -6
Remember that horrible stagflation that resulted from Clinton's tax hike in 1993? That stagflation and economic collapse that Newt, Rush, and the rest of the Laffer club warned us about? Remember how fucking terrible the rest of the 90s were? Oh shit. Wait. I know, I know. Tech Bubble. Blah blah blah. Please provide your unified theory of how raising my taxes will spur economic growth. I am really very interested in it. If you build a two variable model consisting of GDP and Tax Rates and run it from 1993 to 1999, I readily concede that it will show that higher tax rates and higher GDP go hand in hand. But I don't for a second believe that (a) GDP has only one driver or (b) higher taxes were a driver during that timeframe, so I'm interested in hearing your theory. With a zero percent interest rate, rapidly rising unemployment, an insolvent financial system and two of the largest pieces of government spending in history occurring in the past few months, I really don't see how we won't see stagflation after this deflationary bout ends. Oh well, I've tossed my money where my mouth is and moved into ticker symbol USO, an oil fund, because once that printing press really gets going, oil is going to spike again just like it did when the Fed first opened the liquidity spout. I'd buy gold, but its lack of an intrinsic value scares me. Barring government's ability to really build up a helluva bubble in renewable energy or somewhere else, the stag- of stagflation is here to stay for awhile. |
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Post by Chuck Storm on Feb 28, 2009 21:31:14 GMT -6
Nope, just being a rational consumer. We've got a big tax hike coming soon and I suspect a bout with stagflation that will rival the Carter years, so I must conserve my cash position. The new forces of government think that they are better at consuming my income than me, so I'll step aside and let them pick up the slack. Someone else will have to eat that $88 double porterhouse so Morton's can pay its employees. Remember that horrible stagflation that resulted from Clinton's tax hike in 1993? That stagflation and economic collapse that Newt, Rush, and the rest of the Laffer club warned us about? Remember how fucking terrible the rest of the 90s were? Oh shit. Wait. I know, I know. Tech Bubble. Blah blah blah. Wait, which of the requirements for stagflation are you thinking won't happen? The unemployment portion? We're already at 7.6% nationwide using the fugazi numbers that the BLS uses (over 10% in some states) and layoffs show no signs of slowing. The inflation portion? Do you know how many TRILLIONS of dollars the government has pumped into the system in the last 6 months? The only thing saving us from high inflation now is the ridiculously low velocity of money. No worries though. I'm sure the government will find a way to massage the numbers to exclude millions of unemployed workers and the price increases of most of the products we buy (like food) to convince the sheeple that stagflation isn't really occurring. |
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