GM bringing back 1,350 workers

[Soul Crusher]

And here I go to the dual trouble of playing to your prejudice and offering you free advice in another thread.

This is my thanks from you.

And a final note about your fear of debt...most growth is predicated on debt.

Debt to finance a business or home is good debt.

Debt to finance consumption is not. 

[tu_holmes]

You are clueless Decker- seriously clueless. 

Anyone with a dollar in their pocket is hurt by inflation and the devaluing of the dollar. 

That's not true at all... Devaluation of the dollar helps our export businesses immensely. Inflation is a very necessary part of economic growth over a long term trend.

Who was your economy teacher?

[Soul Crusher]

That's not true at all... Devaluation of the dollar helps our export businesses immensely. Inflation is a very necessary part of economic growth over a long term trend.

Who was your economy teacher?

The average worker who gets a paycheck has less purchasing power.  Why do you think it takes two incomes now to do what used to be possible one one income? 

Your dollar is worthless and worth less due to inflation.   

[tu_holmes]

The average worker who gets a paycheck has less purchasing power.  Why do you think it takes two incomes now to do what used to be possible one one income? 

It doesn't... People WANT more. As inflation has gone up, so has salaries... Your paycheck can buy the same stuff it could before, but people aren't happy with that.

People used to have one regular average TV. Now they WANT 3 TVs all flat panel, all over 23 inches and one must be attached to surround sound and be at least 46 inches.

Don't tell me crap about inflation when it's not the value of the dollar... It's what people consider to be "valuable".

[Soul Crusher]

It doesn't... People WANT more. As inflation has gone up, so has salaries... Your paycheck can buy the same stuff it could before, but people aren't happy with that.

People used to have one regular average TV. Now they WANT 3 TVs all flat panel, all over 23 inches and one must be attached to surround sound and be at least 46 inches.

Don't tell me crap about inflation when it's not the value of the dollar... It's what people consider to be "valuable".

I agree with you on that. 

I am referring to staples such as food, housing, cars, etc.

Additionally, the inflation caused salaries in the public sector to increase greatly requiring high levels taxation on the local and state level as well in order to finance their operations. 

[Hereford]

Hahaaha!!!

Ya, GM is higher than BMW.

Get real.

The survey came from Michigan, eh?

[tu_holmes]

I agree with you on that. 

I am referring to staples such as food, housing, cars, etc.

Additionally, the inflation caused salaries in the public sector to increase greatly requiring high levels taxation on the local and state level as well in order to finance their operations. 

That may be possible, but again, let's look at this with just simple numbers... you make 100K and let's say you pay 30K in taxes.

Inflation goes up, so does your check... let's say inflation goes up 1%... Your salary goes up 1% and your tax rate stays the same, but because you got paid more and therefore more will go in to pay that extra 1 percent in raises for the government employees... You're going to break even.

Your taxes are not going up because of inflation, they are simply giving the employee of the government that extra 1 percent they got from you.

It's not quite as simple as that, but it's not what you're making it out to be.

[Soul Crusher]

That may be possible, but again, let's look at this with just simple numbers... you make 100K and let's say you pay 30K in taxes.

Inflation goes up, so does your check... let's say inflation goes up 1%... Your salary goes up 1% and your tax rate stays the same, but because you got paid more and therefore more will go in to pay that extra 1 percent in raises for the government employees... You're going to break even.

Your taxes are not going up because of inflation, they are simply giving the employee of the government that extra 1 percent they got from you.

It's not quite as simple as that, but it's not what you're making it out to be.

Not true - many items are not included in the core index that grealy impact the consumer.  Additionally, as your income goes up, you get thrown into higher brackets of taxation and end up netting less $ as a result.     

[Hereford]

3 I just Amazoned that book.

It better be worth it or else it's YOUR ASS!!!!

 

[Soul Crusher]

3 I just Amazoned that book.

It better be worth it or else it's YOUR ASS!!!!

 

Its the number one selling economics book of all time. 

[Decker]

Debt to finance a business or home is good debt.

Debt to finance consumption is not. 

I would heartily disagree with you.  So would credit card companies.

[Soul Crusher]

I would heartily disagree with you.  So would credit card companies.

Ha ha!!!!!!!!!!!!  Your kidding right?  No serious, tell me you are not joking. 

Of course the credit card companies disagree me with me, they benefit off of debt slavery of millions of people. 

Going into debt to finance depreciating items is the dumbest thing I could imagine. 

Serious, please tell me how financing TV's, clothes, etc is a good thing? 

[Decker]

Ha ha!!!!!!!!!!!!  Your kidding right?  No serious, tell me you are not joking. 

Of course the credit card companies disagree me with me, they benefit off of debt slavery of millions of people. 

Going into debt to finance depreciating items is the dumbest thing I could imagine. 

Serious, please tell me how financing TV's, clothes, etc is a good thing? 

I use credit cards all the time.  In fact, last december I bought a 46" LCD TV with a credit card.

I'm not sure what you are trying to say.

Why just this afternoon I bought a sub at Subway with a credit card.  It was tasty.

You see 333333, when people buy goods on credit, they create a demand on supply.  That means jobs and prosperity.

[Soul Crusher]

I use credit cards all the time.  In fact, last december I bought a 46" LCD TV with a credit card.

I'm not sure what you are trying to say.

Why just this afternoon I bought a sub at Subway with a credit card.  It was tasty.

You see 333333, when people buy goods on credit, they create a demand on supply.  That means jobs and prosperity.

Oh lord.  Unless you pay off your balance in full, you are likely paying double for the same item.   

[Decker]

Oh lord.  Unless you pay off your balance in full, you are likely paying double for the same item.   

That, I would agree with.

The credit card companies never heard of fucking usury laws.

[Soul Crusher]

That, I would agree with.

The credit card companies never heard of fucking usury laws.

No kidding, its criminal.  If you lent money out on your own like they did, you would be in jail.  I hate the credit card companies. 

[grab an umbrella]

That may be possible, but again, let's look at this with just simple numbers... you make 100K and let's say you pay 30K in taxes.

Inflation goes up, so does your check... let's say inflation goes up 1%... Your salary goes up 1% and your tax rate stays the same, but because you got paid more and therefore more will go in to pay that extra 1 percent in raises for the government employees... You're going to break even.

Your taxes are not going up because of inflation, they are simply giving the employee of the government that extra 1 percent they got from you.

It's not quite as simple as that, but it's not what you're making it out to be.

I admit I didn't read all the responses in this thread, maybe you should admit to not reading the entire article.  The plant was scheduled to close in september of 2011, now its going to close in november of 2011.  HOLY FUCK, I JUST SHIT MY PANTS, TWO EXTRA MONTHS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Bindare_Dundat]

That may be possible, but again, let's look at this with just simple numbers... you make 100K and let's say you pay 30K in taxes.

Inflation goes up, so does your check... let's say inflation goes up 1%... Your salary goes up 1% and your tax rate stays the same, but because you got paid more and therefore more will go in to pay that extra 1 percent in raises for the government employees... You're going to break even.

Your taxes are not going up because of inflation, they are simply giving the employee of the government that extra 1 percent they got from you.

It's not quite as simple as that, but it's not what you're making it out to be.

wtf?

[grab an umbrella]

wtf?

Expound please

[Bindare_Dundat]

Expound please

what the fvck 

[grab an umbrella]

what the fvck 

Haha, you don't say?

[tu_holmes]

wtf?

Please explain then how my statement is incorrect... Apparently your ability to comprehend math must be greater than mine.

I admit I didn't read all the responses in this thread, maybe you should admit to not reading the entire article.  The plant was scheduled to close in september of 2011, now its going to close in november of 2011.  HOLY FUCK, I JUST SHIT MY PANTS, TWO EXTRA MONTHS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I read what the OP posted... That's all.

So yes, you're right... I didn't read the article. I read what was posted. If you're going to post a piece of an article, why not the entire thing?

How does that negate anything I've stated.

Oh right... It doesn't.

[grab an umbrella]

Please explain then how my statement is incorrect... Apparently your ability to comprehend math must be greater than mine.

I read what the OP posted... That's all.

So yes, you're right... I didn't read the article. I read what was posted. If you're going to post a piece of an article, why not the entire thing?

How does that negate anything I've stated.

Oh right... It doesn't.

I was just stating that the plant is going to close two months later now, no real effect on anything.

[MRDUMPLING]

That thinking worked out great with mortgages and home equitiy loans didnt it?

We are in this financial mess because of debt, and you think it is a good thing to encourage more debt after the beating the economy took due to bad debt in the housing market?

How dumb can some people be not to realize that the govt is doing the same thing autos that they did with homes?  


  

So what do you and Bindare want me to say?  Nobody buy anything?  Don't create demand?  People will always be in some kind of debt. 

Even if the jobs are temporary, it is still jobs that these people will be able to feed their families with, I'm sure they are happy to be working right now is my point.  That is never a bad thing. 

I hear what you guys are saying, I don't totally agree with this program, but comparing car buying to the mortgage scandals(which are two totally different things because dealerships didn't inflate a false demand like banks did with homes) is crazy. 

1. Do I like people buying cars with taxpayer money?  Nope

2. Does this mean that people can't afford these cars?  Nope. People still have secure jobs and might have been in the market anyways...this just made them buy sooner.  That is my point fellas.  I think it is stupid to tell people they shouldn't be buying cars.  It's their money...I figured you guys would be all about that considering it's about personal freedom.

3.  333 and Bindare, calling me dumb isn't helping the problem.

[Soul Crusher]

So what do you and Bindare want me to say?  Nobody buy anything?  Don't create demand?  People will always be in some kind of debt. 

Even if the jobs are temporary, it is still jobs that these people will be able to feed their families with, I'm sure they are happy to be working right now is my point.  That is never a bad thing. 

I hear what you guys are saying, I don't totally agree with this program, but comparing car buying to the mortgage scandals(which are two totally different things because dealerships didn't inflate a false demand like banks did with homes) is crazy. 

1. Do I like people buying cars with taxpayer money?  Nope

2. Does this mean that people can't afford these cars?  Nope. People still have secure jobs and might have been in the market anyways...this just made them buy sooner.  That is my point fellas.  I think it is stupid to tell people they shouldn't be buying cars.  It's their money...I figured you guys would be all about that considering it's about personal freedom.

3.  333 and Bindare, calling me dumb isn't helping the problem.

did not want to imply you were dumb, only that many people are overlooking many negatives of this program that will reveal thesmelves later. 

Of course it looks good at first blush, but upon further examination and recent history, the fallacies of programs like become more and more evident.