If we can pull off the blue trifecta this time HR1 should be the first thing passed. The first priority is to ensure fair elections, if the Republicans have to play on a level field they will lose
The "Speed of Money" concept is misunderstood by conservatives.
The conservatives say that it is the number of times money rebounds before leaving a community.They are lying. That is not what they really mean.
ONE MEEEEELLION DOLLARS STIMULUS
Example A:
5,000 low income people are given $200.
They pay for something. Commerce is done. taxes are collected.The person who got paid buys something. Commerce is done, taxes are collected.That person who got paid buys something. Commerce is done, taxes are collected.Etc, Etc. By the end of the week the money has changed hands 5 times and
governmental units have collected almost a quarter of the cost of the original input.The economy saw increased activity, and a chunk of the stimulus paid for itself.
Example B:
Mitt Romney is given a $1,000,000 tax cut.Within 30 minutes the money is in his tax haven in the Cayman Islands.No commerce done. No taxes collected.
But look how fast that money moved.That is the conservative understanding about the "speed of money."
speed is one factor. It doesn't mean much until you know the weight, or mass, behind it.
The concept should really be called "The Force of Money" and refer to not only how much money,
but also how many people get it.
compare
1 X $1,000,000 = $1,000,000.
and
5,000 X $200 = $1,000,000.
Both have the same total dollars, but not the same effect.And also not the same cost.
Fox propaganda has been doing a great job of drilling into people's heads that it's their patriotic duty to 1) sacrifice everything for the good of Wall Street/Trump's re-election and 2) be an obnoxious dick toward anyone who suggests wearing a mask.
Who needs subliminal messages when direct messaging is working so well now?
Kevin Hassett.In 1999 wrote the book "Dow 36,000" predicting a massive bull market.Soon after the dot com bubble burst and the DOW plummeted.
Economic advisor to McCain in 2000,Bush 2004,McCain 2008,Romney 2012.
Resident scholar at the American Enterprise Institute.(conservative think tank created and funded by corporations for the purpose of manufacturing lies and propaganda to prop up conservative talking points in the media)
Joined the Trump administration as Chair of the Council of Economic Advisers.Recommended to Trump that the Coronavirus was no big deal and should be downplayed.
Created a graph that showed that deaths from COVID-19 would stop by mid May.
Kevin Hassett is a monstrous lying sack of manure that will tell any lie if paid enough money.
And has publicly state that people are a resource to be consumed and discarded by corporations.Oooops. He accidentally said that last part out loud.
Even if the economy did get better under Biden/Pelosi/Schumer, Republicans would swear that the economy is just terrible!
The same economic and unemployment numbers that they pulled their tiny puds over while Trumpnik has been in office are pretty much the same ones they wailed about as just awful! under Obama.
Lovely filth!
Moo. That is all.
So that's why they call it the Stock Market!
If we can pull off the blue trifecta this time HR1 should be the first thing passed. The first priority is to ensure fair elections, if the Republicans have to play on a level field they will lose
OBEY
The bumpersticker currently on my car. https://uploads.disquscdn.c...
Hassett is clearly a rogue clone of Colin Robinson.
The "Speed of Money" concept is misunderstood by conservatives.
The conservatives say that it is the number of times money rebounds before leaving a community.They are lying. That is not what they really mean.
ONE MEEEEELLION DOLLARS STIMULUS
Example A:
5,000 low income people are given $200.
They pay for something. Commerce is done. taxes are collected.The person who got paid buys something. Commerce is done, taxes are collected.That person who got paid buys something. Commerce is done, taxes are collected.Etc, Etc. By the end of the week the money has changed hands 5 times and
governmental units have collected almost a quarter of the cost of the original input.The economy saw increased activity, and a chunk of the stimulus paid for itself.
Example B:
Mitt Romney is given a $1,000,000 tax cut.Within 30 minutes the money is in his tax haven in the Cayman Islands.No commerce done. No taxes collected.
But look how fast that money moved.That is the conservative understanding about the "speed of money."
speed is one factor. It doesn't mean much until you know the weight, or mass, behind it.
The concept should really be called "The Force of Money" and refer to not only how much money,
but also how many people get it.
compare
1 X $1,000,000 = $1,000,000.
and
5,000 X $200 = $1,000,000.
Both have the same total dollars, but not the same effect.And also not the same cost.
Fox propaganda has been doing a great job of drilling into people's heads that it's their patriotic duty to 1) sacrifice everything for the good of Wall Street/Trump's re-election and 2) be an obnoxious dick toward anyone who suggests wearing a mask.
Who needs subliminal messages when direct messaging is working so well now?
Not even close
https://twitter.com/HannahD...
Kevin Hassett.In 1999 wrote the book "Dow 36,000" predicting a massive bull market.Soon after the dot com bubble burst and the DOW plummeted.
Economic advisor to McCain in 2000,Bush 2004,McCain 2008,Romney 2012.
Resident scholar at the American Enterprise Institute.(conservative think tank created and funded by corporations for the purpose of manufacturing lies and propaganda to prop up conservative talking points in the media)
Joined the Trump administration as Chair of the Council of Economic Advisers.Recommended to Trump that the Coronavirus was no big deal and should be downplayed.
Created a graph that showed that deaths from COVID-19 would stop by mid May.
Kevin Hassett is a monstrous lying sack of manure that will tell any lie if paid enough money.
And has publicly state that people are a resource to be consumed and discarded by corporations.Oooops. He accidentally said that last part out loud.
Capitalism is obscene.
Even if the economy did get better under Biden/Pelosi/Schumer, Republicans would swear that the economy is just terrible!
The same economic and unemployment numbers that they pulled their tiny puds over while Trumpnik has been in office are pretty much the same ones they wailed about as just awful! under Obama.
Thanks to Hassett's cubic equation, we are over Covid-19! What's that again? Oh. I see. Why are they still letting him talk?
Upvoted for the Logans Run reference.
A little cog in a big wheel. I always felt that way.