Herman Cain Believes That If You're NOT Rich Then It's YOUR FAULT!

who is huntsman?

 

Go back to your tambourine...don't you have an occupation to attend?

 

[ame="http://www.youtube.com/watch?v=b98gbMfswx0"]Jon Huntsman - Experience Matters[/ame]

 

my occupation involves a tambourine? this is news to me. will you buy me one?

 

good looking chap.

 

Nonsense. It is a physical impossibility for everyone in this country to be rich. Almost by definition, the rich require the poor.

 

i see what you did there. you said it was impossible for someone to have more than someone else without having someone have less than the someone who has more. that is a tautology. what is infact very possible is for everyone to have a high standard of living (one that is now associated with being rich). the economy is not zero sum.

 

This is the extent of your Huntsman analysis?

And no, he's not even good looking. (Although, jan... do you feel the same way as Lotor? Is that why you like him so much? ??? LOL. )

 

huntsman is a non factor. what else needs to be said about him? he's a liberal in republican clothing.

 

That's hilarious. The peak of liberal intellecual thought would be Hollywood actors? Perhaps it's because they know they never earned what they got.

 

http://www.politicalforum.com/budget-taxes/209580-cains-9-9-9-plan-3.html#post4567276

Have you all given this catchy ditty any thought?

 

I'm not rich, and I know that it's my fault. Even though I'm an entrepreneur, I'm not willing to take on the risks that those who build great wealth must take on. I'm generally lazy and spend more time posting on forums and playing video games than creating products that people may want to buy or hustling for more customers. I never saved much money as a kid, not taking advantage of the awesome power of compound interest, but instead spent my money on fun things and girls. I tend to take on debt and then have to pay it off, rather than building credit and conserving cash whilst looking for the right business investment.

My much older brother, on the other hand, who had a meaner beginning than I, did exactly the opposite and today he is financially secure for life.

 

[

I'm disgusted at the economic ignorance that is propagated through the government education system. There aren't any "our jobs". You don't own a job, they are not property, they are not things that bought or sold or traded or sent anywhere. Companies employee people in other countries. Get over it. If you want to change that, instead of enacting mercantilist protection schemes which will reduce the standard of living and hurt the poor, demand an end to job killing regulations and monetary shenanigans allowed by the central banking system.

For every trade deficit there is a capital account surplus. How come you don't complain about that??? Oh, because you've been trained like mindless ROBOTS to complain about a trade deficit without really knowing anything about the monetary system or how trade works.

Those who get rich supply what consumers want are the creators of wealth. Wealth is not some big pie that each person gets some share of.

They go out of business because they either did not correctly anticipate consumer demand, they overextended their credit, or they wisely figured out that it was not worth staying in business. And, some are regulated out of business.

And what are the bottom buying with? Money isn't wealth, so it must be through their labor that they earn what they need to buy something, or they get that money by legal plunder.

 

The economy is not zero sum, and a rising tide lifts all boats (and all that happy crap), but it is impossible for everyone to have a high standard of living. There's a lot of grunt labor that needs to be done. That doesn't coincide with a high standard of living.

 

false. the standard of living is based on the productivity of labor. as that goes up so does the standard of living. there is no reason everyone can't have a high standard of living.

the price of labor is the intersection of supply and demand, it doesn't matter how much grunting is involved in certain labor, as society becomes more productive, all labor becomes more valuable.

 

Lincoln believed this as well. This is core Conservative Dogma and is one of the strands that links Conservatives to the Real America.

Lincoln said:

Now see that is liberalism's greatest flaw:

When a person is a victim of their own dependent natures, folly, improvidence(bad luck) or singular misfortune... they expect Government to be there to pick up the pieces and maintain the same quality of life that they had before the crisis, regardless of their complicity in bringing the crisis on in the first place.

That is unsustainable, globalization is going to lower the quality of life of many people to balance out the global labor equation. Better get used to 10-14 dollars an hour being a good wage for a noneducated laborer.

 

Wrongo. The standard of living for employers is based on the productivity of labor. And to increase productivity, all you have to do is LAY OFF employees.

 

Too bad, that's competition. The superior workers who deserve jobs will keep them, the layabouts, closet pot smokers, and other losers will be the ones to lose their jobs. That is how Capitalism is supposed to work.

 

Travis ...

 

Labor productivity has been going up, while real wages are depressed. Find any site that suits you and you will see that it's true.

Many companies have used the excuse of a recession to lay off people, cut their hours, etc., in order to boost profits. Now, nothing wrong with trimming the fat, but it has got to the point of trimming the lean, too, and people tolerate it because jobs aren't that easy to find. Middle management has taken an especially hard hit, with one manager being made to do the work of two or more in order to keep their position.

Your post is economic theory that doesn't hold true in the real world.

 

Care to refute my argument? What have you accomplished in your life, Greg?

 

Herman isn't out. In fact, he is rising in popularity as his message resonates with a growing number of people. Hermans message isn't a new one. Teddy Roosevelt threw out a similar truth back in 1900:



"If an American is to amount to anything he must rely upon himself, and not upon the State; he must take pride in his own work, instead of sitting idle to envy the luck of others; he must face life with resolute courage, win victory if he can and accept defeat if he must, without seeking to place on his fellow-men a responsibility which is not theirs." T.R. Review of Reviews, January 1897

The reality is that Herman was speaking directly to those far left extremists currently protesting for more entitlements in the current "Occupy Wallstreet" protests. Unlike the fools protesting, the man knows what poverty is having lived it.

 

It is not false. And you failed to address the rest of the post.

 

Real wages can be affecte by other variables, your empirical evidence must tease out those variables for your claim to be valid.

 

Baloney. If it's your time to get laid off, you get laid off. It's that simple. Competition has NOTHING to do with it.