tag:blogger.com,1999:blog-2761684730989137546.post8284046637980795347..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Hundreds Of Thousands Of Americans Have Totally Exhausted Their Jobless Benefitsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-56949569400609740412010-05-26T10:26:32.927-04:002010-05-26T10:26:32.927-04:00Twocents does not understand how money is managed ...Twocents does not understand how money is managed in this economy.<br /><br />If there is no medicare, no medicaid, no unemployment extension insurance, and so forth then that sort of radical austerity will only increase robberies, forgeries, etc.<br /><br />It will also pull liquidity out of a market that small business needs so badly. <br /><br />This twocents form of austerity is a form of credit retraction - take credit away from poor people and the problem with this is that these poor people need this stuff just to get by and if they can't - then high probability of sickness and crime which costs us in a 'big' hit rather than a 'small' hit which helps the economy.<br /><br />Such mentality would best be learned about various credit contractions <br /><br />- clinton balancing the budget in 1999 and causing the following crash by pulling money out of the real economy<br />- bush focusing too much money on the iraq war which pulled money out of the US domestic real economy<br /><br /><br />whether it is a big credit retraction or a small one - across the scale the effect is invariant and results in reduction in growth<br />overall and stiffles small business by making the big banks ever more piggy with the money they are supposed to distribute.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-23664287288201343972010-05-25T21:58:51.291-04:002010-05-25T21:58:51.291-04:00Twocents:
Do you own a house?Twocents:<br /><br />Do you own a house?mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83029721576170967312010-05-25T13:42:37.607-04:002010-05-25T13:42:37.607-04:00This comment has been removed by the author.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36965764675207386072010-05-25T10:57:09.930-04:002010-05-25T10:57:09.930-04:00As a self employed person who has never recieved o...As a self employed person who has never recieved on dime of unemployment benefit I am sick and tired of the extensions. It is nothing more than welfare after the initial insurance has run out. If the person is poor or rich commiting crimes is still commiting crimes, no excuses for vadalisms and robberies. Keep your hands of of my stuff or I should be allowed to shoot your ass.twocentsworthhttps://www.blogger.com/profile/13635552386967985262noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-65466494168561956542010-05-24T21:16:18.968-04:002010-05-24T21:16:18.968-04:00Misery loves company Mike, as a self employed, ex-...Misery loves company Mike, as a self employed, ex-Mortgage broker who has been without bidness for over 24+ months and no unemployment benefits, my heart really goes out to these people. I feel their pain. I'm sure all of the small business owners who really make this county great, also feel their pain, really. I'm sure if the Democrates really were worried about Job growth, they would have focused on employment or maybe freeing up mortgage credit, but no, we needed health care. It's funny, I can afford my own health care now, I just can't afford the mortgage on my house.Hankhttps://www.blogger.com/profile/09421790540480965120noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-75592234533384742182010-05-24T20:25:30.206-04:002010-05-24T20:25:30.206-04:00This is basic economics and so few fail to get it?...This is basic economics and so few fail to get it?Mike Sandiferhttps://www.blogger.com/profile/04266779805691997171noreply@blogger.com