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100 days in and the GOP...
Boner Oiler wrote
at 12:57 AM, Friday April 15, 2011 EDT
has still yet to introduce a single bill to promote job growth.

http://www.dailykos.com/story/2011/04/14/966875/-100-days-of-GOP-rule-Still-no-jobs-bills

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MadHat_Sam wrote
at 3:46 PM, Tuesday April 19, 2011 EDT
Skrum do you have a source for that statement, as you have made it a number of times?
skrumgaer wrote
at 4:11 PM, Tuesday April 19, 2011 EDT
The expression "strike by capital" is likely to have originated from Robert Jackson, an attorney of FDR, to describe what made the Great Depression last so long.
Boner Oiler wrote
at 4:12 PM, Tuesday April 19, 2011 EDT
I'm pretty sure corporations like having control of healthcare. It's another means of having leverage over employees. I think the real reason there isn't any growth is because there is no demand. Because people don't have the money to buy things.

Skrum you should realize that if you build a factory and make goods and then sell them in a closed system it's unsustainable right? Are you really trying to suggest that the workers and such that are paid for their construction of factories and products will also make up for the shortage of income available to procure these goods? Surely you realize if there was enough demand to make building factories and such profitable we would not be in such a stagnant economic atmosphere?

I recently heard that Vermont was thinking about passing a similar healthcare bill as Romney did in his own state. Upon learning of this, the biggest corporation in Vermont, IBM, said it would leave. This bill should only lessen the healthcare costs of IBM, but IBM realizes it will have an exodus of talent if its employees no longer need to work there for their healthcare expenses to be covered.

Boner Oiler wrote
at 4:13 PM, Tuesday April 19, 2011 EDT
*IBM would leave if the bill was passed.
MadHat_Sam wrote
at 4:26 PM, Tuesday April 19, 2011 EDT
Really skrum? Are you being obtuse? I was asking about your assertion that companies are hoarding capital because of Obamacare.
skrumgaer wrote
at 4:31 PM, Tuesday April 19, 2011 EDT
Oh, that Vermont.

Demand for factories is investment demand. The Keynesian equilibrium will ensure that enough savings are available to fund the investment demand, but it doesn't guarantee that the amount of investment demand plus consumption will equal full employment output. Investment demand may be insufficient for a number of reasons. For example, a strike by capital.
skrumgaer wrote
at 4:36 PM, Tuesday April 19, 2011 EDT
Boner Oiler wrote
at 4:45 PM, Tuesday April 19, 2011 EDT
Yes that blog is certainly more reputable than say an impartial economist or wikipedia.

lloooooooll

Anyway Skrum, people aren't investing because there is nothing worth investing in. If the lower classes had money then people would likely invest in factories and manufacture. But the fact of the matter is that these classes not only struggle to make ends meet but struggle to find employment in many cases. The only way to restore the market is to inject it with an influx of capital. That is to say, the consumers need money so that they can demand/purchase goods.
Boner Oiler wrote
at 4:47 PM, Tuesday April 19, 2011 EDT
Lol skrum, guess who conducted the study that says that: http://en.wikipedia.org/wiki/National_Center_for_Policy_Analysis

A nonprofit CONSERVATIVE think tank. It's not even hiding the fact that it's partisan bullshit.
MadHat_Sam wrote
at 4:47 PM, Tuesday April 19, 2011 EDT
That article is describing companies that would make a minuscule portion of the 2 Trillion dollars in capital that isn't being spent but being hoarded.

So your point that Obamacare is the cause of that strike by capital based on that article alone isn't really passing muster.
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