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Reality Check

Camden, AR

#29393 Feb 18, 2014
BARNEYII wrote:
<quoted text>
Elimination of the minimum wage would bring prices down significantly.
It very well could, its called deflation.
Okay, do away with the minimum wage, remove a substantial amount of money from a economy that is 70% retail.
You just moved that money into the hands of the investors who are not going to put that money back into retail, they will continue their diversification of their portfolio by sending that money over seas.
The poor are required to spend every penny they make just to survive.
If you don't curb spending so the dollar gains strength, then nothing will work. You sure are quick to talk about what people you don't even know would do in a given situation. How did you get all that information? I got news for you, the "rich" you are so eager to demonize spend every penny they make too, but their bills are just larger than those that are poor. You are willing to condone destroying this great nation just so you will see a small handful of people take just a little less until they figure out how to make more than they had before, just so a few more people can live just a little better until the price of goods exceed the raise in living they got and they become worse off than they were before. Point and case is the current state of our poor. We have had the "Great Society" in place since the 60's yet, according to you and other progressive liberals, the poor are worse off than they have ever been. Seems to me that after 50+ years of this experiment, liberals would quit doing the same thing over and over while expecting different results. You know what that is called. If government programs are so great then why is our country in such terrible shape after half a century of trying to make it better?

Since: Dec 10

Kansas City Ks.

#29394 Feb 18, 2014
Reality Check wrote:
<quoted text>If you don't curb spending so the dollar gains strength, then nothing will work. You sure are quick to talk about what people you don't even know would do in a given situation. How did you get all that information? I got news for you, the "rich" you are so eager to demonize spend every penny they make too, but their bills are just larger than those that are poor. You are willing to condone destroying this great nation just so you will see a small handful of people take just a little less until they figure out how to make more than they had before, just so a few more people can live just a little better until the price of goods exceed the raise in living they got and they become worse off than they were before. Point and case is the current state of our poor. We have had the "Great Society" in place since the 60's yet, according to you and other progressive liberals, the poor are worse off than they have ever been. Seems to me that after 50+ years of this experiment, liberals would quit doing the same thing over and over while expecting different results. You know what that is called. If government programs are so great then why is our country in such terrible shape after half a century of trying to make it better?
You have no idea who I know or who I have known. For you to suggest you do is absurd as the rest of this post.
Reality Check

Lonoke, AR

#29395 Feb 18, 2014
BARNEYII wrote:
<quoted text> You have no idea who I know or who I have known. For you to suggest you do is absurd as the rest of this post.
I didn't say anything about who you know. Apparently, you know all the investors and apparently they told you what they would do with their money if the minimum wage were done away with. At least that's what you all but said. Talk about absurd!!!
Silence

United States

#29396 Feb 19, 2014
The wee hours here at topix sure are some of the best!
Reality Check

Camden, AR

#29397 Feb 19, 2014
Looks like the CBO agrees with me on the minimum wage.

http://theweek.com/article/index/256563/does-...

Since: Dec 10

Kansas City Ks.

#29399 Feb 19, 2014
Reality Check wrote:
<quoted text>
I didn't say anything about who you know. Apparently, you know all the investors and apparently they told you what they would do with their money if the minimum wage were done away with. At least that's what you all but said. Talk about absurd!!!

# 29393

"If you don't curb spending so the dollar gains strength, then nothing will work. You sure are quick to talk about what people you don't even know would do in a given situation" .

..........

Sure looks like the quote above said you did.

Yes I know know some investors, but you damn sure don't need to know any, to know that you don't put all your financial eggs in one basket.
Jessica

Forrest City, AR

#29400 Feb 19, 2014
Reality Check wrote:
Looks like the CBO agrees with me on the minimum wage.
http://theweek.com/article/index/256563/does-...
The source must be on Obama's staff for Barney to find them credible.

Since: Dec 10

Kansas City Ks.

#29401 Feb 19, 2014
Reality Check wrote:
Looks like the CBO agrees with me on the minimum wage.
http://theweek.com/article/index/256563/does-...
It appears that you agree with that report.

Just for the record, do you agree with that report?

Since: Dec 10

Kansas City Ks.

#29402 Feb 19, 2014
Jessica wrote:
<quoted text>
The source must be on Obama's staff for Barney to find them credible
That's where you are wrong, I find the CBO report very creditable, and the very report RC is talking about I find to be credible too.
liberal crutch

Conway, AR

#29403 Feb 19, 2014
This is the very essence of why Barney is the way he is...his fearful leaders have set the bar so low, he has no problem following such a wishy-washy, create your own reality despite the reality of life! It is the exact way Barney deals with every single thing he is proven wrong about!

(the following paragraph is a perfect summary of the crazy liberal mindset, after the WH goons,(one of them Barney cut and pasted an insane quote from the other day) tried to 'explain' what the CBO 'really' meant. Of course it was liberal lies and spin...)

"Still, there are some problems with the White House's response.
The administration is engaging in a bit of awkward cherry-picking, touting some numbers in the report while throwing cold water on others. Essentially, it's saying CBO analysts are spot on when they produce favorable results, but terrible at their jobs when they do the opposite. The selective embrace of data is a hallmark of deliberately self-serving arguments
That gets at a bigger issue. Democrats have long relied on the CBO to bolster their arguments on issues ranging from health care to the economy. The CBO, as a group of nonpartisan number-crunchers, is usually part of the wonky apparatus that lends credence to the Democrats' claim that reality has a liberal bias. And now the White House is saying the CBO is unreliable. So which is it?
Then there are the politics of it. Arguing with the CBO never looks good."

Oh yeah, this is the most transparent administration that has ever been in office before! You can see right through them!
liberal crutch

Conway, AR

#29404 Feb 19, 2014
BARNEYII wrote:
<quoted text>
It appears that you agree with that report.
Just for the record, do you agree with that report?
Just for the record: you don't agree with that report?
Lol!!
Here it comes...tell us all about the REAL story, Barney. You know so much more than the
CBO...
liberal crutch

Conway, AR

#29405 Feb 19, 2014
BARNEYII wrote:
<quoted text>
That's where you are wrong, I find the CBO report very creditable, and the very report RC is talking about I find to be credible too.
Probably the same parts the WH gives credence to. What parts do you chose to cherry pick, Barney?

Since: Dec 10

Kansas City Ks.

#29406 Feb 19, 2014
liberal crutch wrote:
<quoted text>
Probably the same parts the WH gives credence to. What parts do you chose to cherry pick, Barney?
In post # 29403 you cut and pasted a opinion blog of Jon Terbush blogging for THE WEEK.COM .

You did not post the entire blog, just curious why you left this part out.

In a six-point response, Jason Furman and Betsey Stevenson of the Council of Economic Advisers argued that the report showed that raising the minimum wage would "help millions of hard-working families, reduce poverty, and increase the overall wages going to lower-income households." As for the employment picture, they wrote that CBO's estimates "do not reflect the overall consensus view of economists which is that raising the minimum wage has little or no negative effect on employment."

They may be right. There is much disagreement among economists about how raising the minimum wage would impact unemployment, with most finding little to no result. Indeed, the left-leaning Economic Policy Institute recently estimated that a $10.10 minimum wage could actually lead to 85,000 more jobs.

http://theweek.com/article/index/256563/does-...

Another Quote- "What parts do you chose to cherry pick"

Since: Dec 10

Kansas City Ks.

#29407 Feb 19, 2014
BTW- why did you leave this part out also, OH that is easy, it completely contradicts your previous statements in that post.

It's the same problem the White House encountered earlier this month when the CBO determined that ObamaCare would shrink the labor supply by 2.5 million full-time workers by 2024. Republicans latched on to that finding as proof that ObamaCare is a job killer, and that narrative initially dominated even mainstream publications. The real story was more nuanced: The CBO found ObamaCare wouldn't reduce the supply of jobs, but rather, through new incentives, allow people to retire earlier and work less, thus reducing the supply of labor.
Jessica

Jonesboro, AR

#29408 Feb 19, 2014
BARNEYII wrote:
<quoted text>
That's where you are wrong, I find the CBO report very creditable, and the very report RC is talking about I find to be credible too.
Only because it has that little statement that there is a possibility of a small job creation. I think it will work, simply because if you wait several months the people dropping out of the job market will surpass the number of jobs that will be lost by the increase in minimum wage and Obama will be claiming more new jobs. If we could only have a plague, wipe out 40% of the work force! I do believe that some of Obama's economic recovery plans could work. He never claimed to be an economist just an organizer
Reality Check

Little Rock, AR

#29409 Feb 19, 2014
BARNEYII wrote:
<quoted text>
# 29393
"If you don't curb spending so the dollar gains strength, then nothing will work. You sure are quick to talk about what people you don't even know would do in a given situation" .
..........
Sure looks like the quote above said you did.
Yes I know know some investors, but you damn sure don't need to know any, to know that you don't put all your financial eggs in one basket.
1% constitutes 3.2 million people and 1% is what you said. If you meant otherwise you would have said I know this guy who is in the 1%... So here is your chance, do you know all of them and have you talked to them about what they would do with the extra money if the minimum wage went away? You also said there would be less money to go around. Here let me show you what you said: "Okay, do away with the minimum wage, remove a substantial amount of money from a economy that is 70% retail." So how can the rich have more when we have lower retail prices and as you put it "It very well could, its called deflation." If your not willing to stand by what you say with facts, maybe you should just keep your imaginary friends and the imaginary conversations you have with them to yourself.
Not surprised

United States

#29410 Feb 19, 2014
http://www.theblaze.com/stories/2014/02/18/th...

And yet another way obamacare is being passed on to the middle class taxpayer.
Who thinks it will stop here? Probably Barney, after the White House sends out a goon to 'explain' it all away!
Reality Check

Little Rock, AR

#29411 Feb 19, 2014
BARNEYII wrote:
<quoted text>
It appears that you agree with that report.
Just for the record, do you agree with that report?
I do agree with the report and the report agrees with me. Remember when I said that an increase in minimum wage actually makes those that receive it more poor? Also in this report is this little nugget:

"For business owners, family income (including income for shareholders) falls to the extent that firmsí profits are reduced. In addition, real family income for many people tends to fall a bit, because the increase in prices of goods and services reduces familiesí purchasing power."

Now having said that I still stick by my original stance that you can make any report say anything and that reports like this one are simply opinions that have no bearing on reality. The CBO has been wrong much more than they have been right. It's why they have to continually adjust their predictions. Remember, anytime I reference any report on anything from the CBO or anyone else you should take it as a grain of salt and not the gospel truth even if the report fully supports my point of view. You would do well to do the same though I doubt you will.

Since: Dec 10

Kansas City Ks.

#29412 Feb 19, 2014
Reality Check wrote:
<quoted text>
1% constitutes 3.2 million people and 1% is what you said. If you meant otherwise you would have said I know this guy who is in the 1%... So here is your chance, do you know all of them and have you talked to them about what they would do with the extra money if the minimum wage went away? You also said there would be less money to go around. Here let me show you what you said: "Okay, do away with the minimum wage, remove a substantial amount of money from a economy that is 70% retail." So how can the rich have more when we have lower retail prices and as you put it "It very well could, its called deflation." If your not willing to stand by what you say with facts, maybe you should just keep your imaginary friends and the imaginary conversations you have with them to yourself.
Please show me where I said any thing close to the "1%" in regards to this conversation.

Yes that is what I said, and WTF does that have to do with the 1%?

Since: Dec 10

Kansas City Ks.

#29413 Feb 19, 2014
Reality Check wrote:
<quoted text>
I do agree with the report and the report agrees with me. Remember when I said that an increase in minimum wage actually makes those that receive it more poor? Also in this report is this little nugget:
"For business owners, family income (including income for shareholders) falls to the extent that firmsí profits are reduced. In addition, real family income for many people tends to fall a bit, because the increase in prices of goods and services reduces familiesí purchasing power."
Now having said that I still stick by my original stance that you can make any report say anything and that reports like this one are simply opinions that have no bearing on reality. The CBO has been wrong much more than they have been right. It's why they have to continually adjust their predictions. Remember, anytime I reference any report on anything from the CBO or anyone else you should take it as a grain of salt and not the gospel truth even if the report fully supports my point of view. You would do well to do the same though I doubt you will.
I would not argue the reports projections agrees with yours some what, however the Devil is in the details, don't you think?

I would discount the report as well if I were you.

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