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LKL
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16 Sep 2008, 4:01 pm

techstepgenr8tion wrote:
NAFTA and GAT didn't help just in terms of wiping out a lot of 'honest hard work' type jobs; I live in Ohio and both our state and Michigan have been hit hard by outsourcing of that nature. An audit I was even conducting recently was a half and half - half the year it was in my area, half the year the accounts payable function was picked up by a new office out in India. Part of this makes me very much want to back to school and get a masters degree in Economics.


I hear you. I don't know enough about economics to decide what the right answer is in terms of globalization. We need trade, I don't think that there's any doubt of that, but we also need a little protectionism (and so do other countries!), and California shipping rice to china at the same time that India is shipping rice to California just seem stupid. NAFTA and GAT and the WTO are areas where I disagreed with the Clinton administration - not, again, that they were completely bad - just that it seems as though they went too far.

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I hear what liberals are saying, I hear what conservatives are saying, and primarily when I side with conservative policies on economics....


I agree with traditional conservative ecoonomic policies far more than I agree with the neoliberal policies that have recently become the baby of many republicans. Laissez-faire economics ruled in the gilded age and brought about the great depression; the current situation seems to mirror that far more than is comfortable.

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I've heard can't remember where, that our country - the U.S. - still has one of the most unfriendly tax structures for business (aka. jobs - the man is us and vice a versa).


If you can find a link with numbers, I'll read it. However, I don't think that lowering taxes on corporations necessarily translates into jobs. Look at oil companies, for example: they're making record profits, and that money isn't going to job creation or to drilling on the unused leases that they already hold. It's going to huge executive bonuses and shareholder dividends. Shareholder dividends aren't entirely a bad thing - I have a 401K like half of the rest of the country - but current corporate policy seems to focus far more on immediate profits than on future longevity. The American auto companies, for example, could see the winds blowing towards more fuel efficient cars a decade ago, but chose to ignore it and ramp up their production of enormous SUVs and trucks. Now they're begging for government handouts to re-tool their factories for smaller vehicles.

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if you give actual reimbursements that are non-tax related and do wealth distribution that it could fuel a demand-side push which would have people purchasing, reinvesting, and buying product - thus creating jobs by fueling a surge on the consumer market.


Why would they have to be non-tax-related? Money in the pocket is money in the pocket.

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On the other hand, in worldview, we have a huge trade deficit - ie. we import far more than we export.


That is a very good point, and leads back to the whole trade issue.

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it really comes down to (to the best of my understanding) how expensive it is for people in other countries to buy U.S. products.


from what I've heard, export companies are one of the few sectors that haven't been in a tailspin this last year. With the dollar falling, people in other countries are not only buying U.S. products, but also buying U.S. property as vacation homes (at least, according to a 15-minute report on NPR I heard a few weeks ago...). Maybe the dollar has been artificially overvalued, and the correction of that is part of this whole mess. It seems that all of our necessary corrections are coming due at once, unfortunately.

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impinging on the free-will of businesses to do whats in their best interest really means that they just pack up and move to another country and, if worst comes to worst, you'd see far fewer companies filing for corporation status in the U.S. - they'd want nexus somewhere else.


That implies a race to the bottom that is simply unacceptable. Ecological protection is bad for corporations; should we thus allow them to clearcut every last old-growth tree, for fear that they'll move on to the Russian taiga (which they have done) if they can't? Should we allow them to dump toxic effluent into our streams and soil because it costs less than cleaning it up? Should my hospital be allowed to dispose of chemotherapy and radiation therapy left-overs in the regular trash, because it costs them far less? Should we, like China and Indonesia, outlaw unions and minimum wages, because benefits and high wages cost employers more here than they do in those countries?

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we just really don't want to see dictatorships endangering democracies around the world...


But a stable dictatorship is often better for business than an unstable democracy, with its messy regular regime changes and its populations demanding expensive rights and regulations.
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LKL wrote:
I'm of two minds about that. On the one hand, yes: they should pay for their mistakes. On the other hand, they can't be allowed to take down the world economy with them. I'm for punishing the individual board members and CEOs but propping up the companies.


After watching BBC World News and getting an idea of how much foreign investment was in those companies I think it would have been a very sticky situation, both for foreign investment in the U.S. and while I'd heard it would only burn the stockholder's I don't who would repossess the mortgages, how that would affect the valuation etc.. Questions like that do fascinate me because they do matter a great deal.


{rant}I was unsurprised to learn that Freddie's and Fannie's CEOs got termination bonuses of 9+ million and 14+ million. How can you drive a company into the ground and be rewarded for it?{/rant}

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before raising it we'd have to have the boarders sealed air tight. Artificial floors cause black markets and in labor, that ends up being illegals (and of course there's the inflationary aspect as well).


fair point.

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I'd much prefer the private sector to yield to demand pressures from the labor or consumer market rather than having the House of Representatives or Senate involved; when Washington gets involved the results are scary - the levels of Medicare fraud are one good example.


The problem here is that an individual worker (which most of those working at minimum-wage levels qualify as) is virtually powerless set up against a large employer. A company that employs 1K is going to say 'faretheewell' to individuals who say, 'you're not paying me enough,' especially in high-turnover, low-skilled jobs. Without either unions or government oversight, it's simply not a level playing field. As far as medicare fraud - I don't think that the levels are as high as is claimed (or as frequent as is implied, anyway), and if Medicare reimbursed at least at cost, hospital admins might not feel as pressured to fudge their diagnoses. Most hospitals take a loss on their medicare patients, and are required by law simply to eat it.

I have to go to work, so I will return to this later.



Kilroy
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16 Sep 2008, 4:04 pm

Kilroy on Sarah Palin;

she's a psycho
if I voted (in america) I'd vote for the black guy

I could care less what her kid is called or what those nammies did to mcain



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16 Sep 2008, 5:50 pm

Wow, Palin appears to be overshadowing McCain.


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monty
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16 Sep 2008, 8:00 pm

techstepgenr8tion wrote:

.... Minimum wage, before raising it we'd have to have the boarders sealed air tight. Artificial floors cause black markets and in labor, that ends up being illegals (and of course there's the inflationary aspect as well). ....



Hmm.... the minimum wage didn't go up for the past decade - did that put a damper on illegal immigration?? Nope. As long as there is a huge differential between the US and nearby countries, there is strong incentive to work illegally.

A wage-price spiral that fuels inflation is a real possibility in some economies. An alternative is to have workers fall behind year after year, as food, fuel, and other essentials increase anyway. Another option - the benefits of increased productivity benefit the average worker, the CEOs, and the stockholders.



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17 Sep 2008, 5:02 am

Let's see how much more of this I can address...

techstepgenr8tion wrote:
Take a look at About.com page 3 regarding the effects of tariffs though:
http://economics.about.com/cs/taxpolicy/a/tariffs_2.htm


I've heard this before. Essentially the argument is that tariffs deny an economy the benefits of free trade; an economy with no trading partners cannot be better off than one with trading partners that are limited, and isolated economies do not necessarily implode.

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I would agree to the idea that we're throwing 3/4 of a trillion at foreign oil producers - which I am disgusted with and one of the reasons why I am so much for us tapping our own national resources.

1)Domestic oil companies aren't necessarily less corrupt than foreign ones.
2)Domestic oil resources aren't nearly as vast as foreign ones - a drop in the bucket on the international market, which is where they will be sold. There is no private American market for oil.

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Cutting taxes might not be a cure-all but it could definitely usage the problem.


assuage?
Cutting taxes on companies that are already making huge profits, and not expanding job production, is not going to fix the problem. That's the 'throw money at it and assume it will fix the problem' solution, and it's just as false here as it is in education or healthcare or any other sector. We have to reward companies that are doing things right (employing Americans) and punish those who are doing things wrong (outsourcing).

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One of McCain's more liberal ideas as well (which I'll admit, didn't get much applause at the RNC) was government spending to help retrain and re-educate workers who have lost manufacturing jobs. Its of course tricky just because, we are human beings and not machines, some people will take easily to that some just aren't built for it. Part of me really believes that the more attention we pay to the sort of Benthamist greatest good in this sense though the less government will have to fill in the gaps.


Honestly, that's an idea I'm ambivalent about. Aside from the problems you mention, how much do we want to become an economy that doesn't really produce anything? Isn't part of our problem the fact that we have a huge trade deficit - how will that change if we lean even farther towards a service and information economy?

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She's articulated pretty well that with her religious views, she has her own but wouldn't push it on the next person in regard to creationism. The rumor had come up that she wanted ID taught side by side with evolution (which I don't even understand - ID's pathetic, its an apologist system that even has origins that make most people wonder about the originator of the philosophy's true intent). What has been made clear is that she only wants evolution taught but wishes the debate to be open for the students or if the students ask the teacher to compare and contrast they aren't stuck with their hands tied. If that does get to be too much of a slippery slope and no one agrees with her, I'd really doubt she'd go postal over it.


gahhh. 8 out of 10 links I'm finding for my searches are from blogs, and another one is debunking some idiotic rumor that some fool made up...
http://www.boston.com/news/local/articl ... in_on.html
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in October of 2006, the Anchorage Daily News reported that Palin said the following about creationism at a debate:

"Teach both. You know, don't be afraid of information....Healthy debate is so important and it's so valuable in our schools. I am a proponent of teaching both. And you know, I say this too as the daughter of a science teacher. Growing up with being so privileged and blessed to be given a lot of information on, on both sides of the subject -- creationism and evolution. It's been a healthy foundation for me. But don't be afraid of information and let kids debate both sides."


That statement IS the ID point of view. It's true that science can be taught in too dogmatic a way, but allowing ID into the biology classroom is not the way to remedy that any more than allowing the alchemy of turning lead into gold into the chemistry classroom will help.

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Abortion is one of those issues that has a lot of facets. On one end its reproductive rights of a woman, its looking at the quality of life for possible offspring of what we'd really consider our living breathing side-effects of American liberties (trash of any ethnicity). What I've come to understand about the pro-life stance is that it in and of itself has nuanced reasoning as well. Partly its a matter of how sacred we hold human life. Yes, we have a distinction set in place by law that if a girl (such as one I actually went to high school with but its another story) gives birth to a baby and kills it herself its not abortion, its a jail sentence for murder as well as legal offenses related to mishandling and disposal of a corpse.


that's because a baby is not the same thing as a fetus, and far less the same thing as an embryo.

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This gets back to abstinence training. With abortion being an easy option...


Sorry, abortion is NOT easy. There may be a few girls/women out there who treat it as birth control, but the vast majority of women who go through the procedure take it very seriously. It's not something that women do casually.

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In her view the life born is a gift to society not a burden to the parent, if the parent thinks so they're free to give the baby up for adoption.


...which totally ignores the burden of pregnancy.

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...understanding the fact that the embryo is the seed of a human being that is neither the mom or the dad and has no culpability for what the dad did...


It carries the father's genes. It is the product of the father's actions. It is inherently tainted by the father's evil, in the same way that the child of a great person carries a faint gloss of their parent's greatness, regardless of their own actions.

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the same people who were so for getting {Roe v. Wade} overturned OWE {the mother} BIG for biting the bullet on that; whether its getting her the heck away from the perpetrator, psychological help, support groups, but overall people patting her on the back every day through it, telling her how strong she is, and reinforcing to her that again...


Which is how it would go in an equitable society, but not how it goes in reality. In reality, the same people who argue the hardest for overturning Roe v. Wade are the first to cut funding for head start, family planning, child care assistance, etc. Regardless of how terrible the mother's situation is. Palin included.
http://www.salon.com/mwt/broadsheet/200 ... alin_rape/
http://www.salon.com/mwt/broadsheet/200 ... m_funding/

Which is totally beside the point that forcing a woman to carry a rapist's offspring to term is, for many, a continuation of the rape. Personally, I would rather do a home abortion with a dirty coat hanger than carry to term a rapist's offspring. And I'm not exceptional in that.

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there are a great amount of pro-life women out there and most are just as liberated as any other woman in the U.S.


I can't agree on that. There may be a numerical surperfluity of women who are pro-life to some degree, but I'd take a big bet that they're not as extreme as Palin; I'd take an even bigger bet that the vast majority of the pro-life movement, especially those with positions that extreme, are men. Whether or not those women are 'liberated' is a personal opinion - and in my opinion, they are not.

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McCain's doing that for one reason - ...him running as affirmative on a laundry list of liberal issues would have had no credibility and he probably never would have even made the draft picks for the primary.


I'm not sure that that's the case (not the part about him not succeeding as a democrat, you're probably right: the part about him having to kiss ass to the religious right in order to win the primary). He won the primary because he's the one candidate that the repubs put up that looked different from the last 8 years, and early repub voters were savvy enough to know that a more-of-the-same ticket would not appeal to enough people to win the general election. I think he would be in a better general position now if he had stuck to his guns 10 years ago.

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its difficult for me to see her as someone who could have that construct of life if she was - through and through - a religious wackaloon.

anyone with an extreme position on abortion, who wants creationism taught in biology classes, qualifies as a wackaloon in my book. But there's also this:
http://www.huffingtonpost.com/robert-f- ... 26478.html
http://www.salon.com/politics/war_room/ ... index.html

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LKL wrote:
techstepgenr8tion wrote:
All through history there have been many societies who were very open to homosexuality, very tolerant, some even elevated it, however even in these cultures it was never a marital arrangement. You figure that these cultures had to fight a lot harder to survive...


Evidence?


Depends which we're talking about. If its 'only the strong societies survive', that was the middle east all through ancient history with the rise and fall of the ancient Egyptians, Babylonians, Assyrians, Persians, etc. As far as ancient societies accepting it, I'd yahoo both ancient Egypt and Greece.


I should have specified: do you have any evidence that cultures which accept homosexuality are any 'weaker' or have to 'fight a lot harder to survive' than cultures which do not allow homosexuality in the open? (I'm familiar with the reputations of greece and egypt, though I haven't read specifically on the subject of either wrt homosexuality).

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when freedom of choice for the masses and their own identity comes into crisis so much - people can't tell up from down; which anarchy and disarray can be dealt with effectively by adults but it has weird effects on children who are developing into adults.


For one, I don't see open homosexuality as 'anarchy and disarray.' For another, evidence only continues to mount that homosexuality is built into the brain, not learned; straight students will continue to be straight, regardless of the social climate.

[/quote]The only part in all this that comes in cross with that, figuring out where civil rights and the greater good of the majority need to work out their concessions to stay in balance...[/quote]

Sure, civil rights always have to be balanced with the greater good (though I think that civil rights are a greater good in and of themselves: personal freedom for everyone else, as well as the self). However, how does giving equal rights to gays negatively impact the greater good at all?

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Iraq is almost wrapped up and Obama and McCain are sounding more and more identical on this in terms of their plans.


...because the Iraqis now say that they want a timetable for withdrawl, and even McCain is starting to realize that Obama was right all along.

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Obama wants to say 2015, McCain is thinking of it more like Germany, South Korea, etc. - minimal presence.


With, IIrc, the biggest American embassy in the world?

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On us 'not being safer', its not like we haven't foiled at least a half dozen major planned attacks already.


Are you talking here, on American soil? The only one I recall hearing about were a bunch of amateur wannabes in Florida. Worldwide, the number of terrorist attacks has increased.

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the news media claims "Well, Al Queda just didn't have any follow ups planned in the immediate future and they sit it out and take their time"


I haven't heard any newscaster make that claim.

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Ann Coulter made an analogy and I think it works - if city mayor reinforces a bridge that would have collapsed, it gets no positive press. If the bridge collapses - huge negative press.


Coulter is a wingnut, but the analogy is fair. However, given that Iraq had virtually no Al Quaida presence before we invaded how has invading Iraq (and sending huge portions of our army there, making ourselves unable to respond to any other threat and even unable to present a credible 'big stick' to other countries invading their neighbors, even if (like Georgia) those countries happen to be our allies), how did invading Iraq make us safer?

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The recession; McCain and Palin are both saying that they want to conduct serious overhauls on the bureaucratic structure. Yes, it does sound reminiscent of Shwartzenegger, but I think we have people with greater experience and orientation to the cause in them.


Yet McCain thinks that "the fundamentals of the economy are fine." How can he solve anything when he doesn't think that there's a problem?

[/quote]Dependency on fossil fuels I have to say is incorrect, they want all the things the democrats want, they believe however that fossil fuels are a necessity until the technologies to make alternative fuels cost effective come along - anything less is economic suicide.[/quote]

But, at least in McCain's case, they vote against investing in R&D on new energy technologies. He's said that he'll change when he's president, but can we count on that? He thinks that coal can somehow be made 'clean,' and that building lots of new nuclear reactors would be a good idea. He says we'll 'find a solution for nuclear waste,' but doesn't suggest what that might be.

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On Russia, Iran, and saberrattling vs. diplomacy...


carrying a big stick is a part of diplomacy. My problem is that both Palin and McCain talk loud while their stick is currently stuck in the quicksand. America currently has no credibility: military, moral, financial, or otherwise.

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I highly endorse getting the satellite states of the former USSR into NATO, that way their nation state rights are in writing and other countries would have to do their part in protecting their sovereignty.


I'm not so sure. Have you heard of the theory that WWI was caused, in large part, by a network of 'mutual defense' pacts? I'm not a student of the era, but that was the dominant dogma when I went through history.

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Iran can go nuclear, and if they can blow up a major U.S. city...


In that case, they would deserve to be blown to smithereens by our superior nuclear capability.
Unfortunately, Ahmadinijad is just like Bush: dangerous and stupid. They both play up the other country as 'evil' or 'the great satan' in order to control their populations with the threat of a bogeyman. Iran is relatively civilized compared to the rest of the middle east; we screwed them over (with the CIA) royally in the past, and they've had a hard time forgetting that. It was one of those cases of the U.S. thinking that a favorable dictatorship was better than an unfavorable democracy.
We won't get anywhere while Ahmadinijad is in office, but they won't elect someone else, or someone better, if they're fearful of us. He's stupid enough that he needs to see the big stick overtly, but we have to let the population of Iran know that we're sane. Jokes about bombing them doesn't help in either case.

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a major politician or head of state making a huge fumble like that is pretty much career ending and if its a bad enough mistake can lead to impeachment.


And yet Bush was not only not impeached, but was re-elected. Whereas Clinton was impeached over lying about an extramarital affair.



monty
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17 Sep 2008, 7:38 am

Aside from her policies, I really have to wonder how connected to reality she is. Consider this article, which makes it pretty clear that she thinks that her rise to governor was at least partly due to prophetic declarations from Thomas Muthee, who is best known for battling sorcery and witchcraft.

http://timesonline.typepad.com/uselecti ... ed-el.html

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In video footage of the speech, she is seen saying: “As I was mayor and Pastor Muthee was here and he was praying over me, and you know how he speaks and he’s so bold. And he was praying “Lord make a way, Lord make a way.”

“And I’m thinking, this guy’s really bold, he doesn’t even know what I’m going to do, he doesn’t know what my plans are. And he’s praying not “oh Lord if it be your will may she become governor,” no, he just prayed for it. He said “Lord make a way and let her do this next step. And that’s exactly what happened.”

She then adds: “So, again, very very powerful, coming from this church,” before the presiding pastor comments on the “prophetic power” of the event.


This Pastor Murthee, who has spoken often at Wasilla Church, has led 'spiritual warfare' that hearkens back to the good ole days of the Salem witch hunts. He identified one woman as a witch in part because she lived near an intersection where lots of traffic accidents happened. After whipping up hysteria against the woman, the police raided her home, and she was driven from the town.

The words 'prophetic power' are code for a world view that is really quite strange and alarming. These beliefs are not mainstream Christianity, where people pray to God and ask for favor - she and her church have the idea that God is a prayer genie that can be used like any other technology to get what they want - rub the God lamp with a few words and the genie appears to grant a wish. They don't pray to God for insight on a problem which may or may not come - they are closer to the child with an imaginary friend and they have elevated their subconscious mind to the status of God.



LKL
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18 Sep 2008, 9:24 pm

on the general topic of the economy and bail-outs, this from youtube:
[youtube]http://www.youtube.com/watch?v=s9ZlxsEioUA[/youtube]



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18 Sep 2008, 9:30 pm

monty wrote:
Trigger11 wrote:
She's a bigot. What else needs to be said?


She's unqualified?


That too, but the fact she believes in stuff like "pray away the gay" makes her a bigot. I don't need anymore information than that. We already have one of those in the Oval Office and look how much equal rights have suffered.


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18 Sep 2008, 9:40 pm

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This gets back to abstinence training. With abortion being an easy option...

Does that mean that 'abstinence training' prevent unwanted pregnancies?
doesn't seem so that much.


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18 Sep 2008, 9:47 pm

Trigger11 wrote:
monty wrote:
Trigger11 wrote:
She's a bigot. What else needs to be said?


She's unqualified?


That too, but the fact she believes in stuff like "pray away the gay" makes her a bigot. I don't need anymore information than that. We already have one of those in the Oval Office and look how much equal rights have suffered.

And she will be the next vice-president, as I believe there is a great possibility that McCain will win, and well, it happens that people get what they ask for.


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19 Sep 2008, 1:22 am

Trigger11 wrote:
That too, but the fact she believes in stuff like "pray away the gay" makes her a bigot. I don't need anymore information than that. We already have one of those in the Oval Office and look how much equal rights have suffered.


Equal rights haven't suffered in the slightest, so thanks for unmaking your point.



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19 Sep 2008, 8:29 am

Mc_Jeff wrote:
Trigger11 wrote:
That too, but the fact she believes in stuff like "pray away the gay" makes her a bigot. I don't need anymore information than that. We already have one of those in the Oval Office and look how much equal rights have suffered.


Equal rights haven't suffered in the slightest, so thanks for unmaking your point.


Your right - equal rights have not been established, so equal rights cannot suffer.



jul
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19 Sep 2008, 9:55 am

Look, you can read in articles in New York Times, Washngton Post, Financial Times (not a bulwark of liberalsm by any means) LA TIMes (not a lover of Obama by any means) and of course also, The New Republic, and Huffington Post about the Alaska DEbacle, which is to say anything to do about Palin. Lately, this would mean being shocked that the Republican campaign of McCain is now squelching investigation into Troopergate and also that Palin's aides and employees refuse to comply with subpoenas and testify. Anyone who has any logic, or is not a brainwashed fool who thinks the Republican party will do something for him/her (it won't unless you're a millionaire)) can see that this is an obvious ploy to COVER SOMETHING UP. You may argue about Bush all you like, although how you can defend him given the evidence of the past 8 years is simply another matter of being brainwashed, you may argue about where 9-11 came from (the terrorists want you to), you may argue about where the financial crisis came from (it's Reagan's deregulation, sillies, and even Greenspan is wringing his hands and saying he should have done something other than what he did, which was nothing and he knew the warning signs as early as 2002-2004) you may argue that drilling will supply America's oil needs of 20 million barrels a day (it will NOT -- offshore drilling, in ten years (because that's how long it takes to locate and develop site, drill, remove, refine, sell) will STILL only supply about 1% of current American needs. ANd in 10 years those needs will probably increase), you may argue that draining oil and natural gas out of every piece of Alaska will supply America's energy needs, (it will not, only about 3-4% we will still be buying, buying, buying making the Saudis and the Russians and everyone in OPEC VERY happy because they will see that America will not ever develop its own supply of alternate energy), but still the current facts of this matter, and more facts about Palin's character rise from the melting ice of her character every day. Put aside what is happening with her family. (It is not sexist to suggest that her Downs baby will need her more than the country, for this is unfortunately very true, as every family with a Downs baby knows.) PUt aside that abstinence education only does not work, even in a super religious family, so religious that Palin herself thinks her governorship came from prayer, not hard work. Put aside the family matters and look just at Palin and you will see a person whose past is riddled with issues about favoritsm, cronyism, earmark spending into the hundreds of millions, even without the Bridge to Nowhere money, most of which Alaska kept, cut and slashed programs which have to do with protection for abused women and children (Alaska has the highest rate in the nation for domestic abuse, incest, and rape). Palin's record is spotted with instances of cover-ups, even to the fact that her aides send email of state business in their private emails, just to keep emails from being subpoenaed just in case something happens. What are they doing with state businesss that they think they need to hide something? It is the hidden, the cover-ups, and the fact that the Republicans in McCain's Campaign are keeping Palin from general interviews, from the public eye, from as much scrutiny as they can. When Palin ran for governor, same thing happened. Why does she run from scrutiny? It is no compliment to strong intelligent women that this woman must be fed her information, but she has never been strong on the issues, not even as a candidate for governor. She has quips, not answers, style, not substance. And that is what is sexist. How she presents herself, how she thinks that she cannot be questioned, that she should be deferred to, how the McCain Campaign keeps her out of any situation where she may be in an awkward positon answering questions she wasn't prepped by the campaign to answer. This is the biggest insult to women everywhere, that she is not the brains behind her organization. She's a puppet, but, in fact, a people person, a politician of such power that she can beguile people to the point where they don't ask tough questions of her that they should. Is that all a woman as leader can do? Beguile? Charm? No of course not. Women can lead. The real Sarah Palin is behind all the cover-ups and the campaign wall of protection. And she is no pushover and not really very charming behind all the makeup. And she's just waiting. That's the scariest thing of all.



techstepgenr8tion
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19 Sep 2008, 10:15 pm

LKL wrote:
Quote:
if you give actual reimbursements that are non-tax related and do wealth distribution that it could fuel a demand-side push which would have people purchasing, reinvesting, and buying product - thus creating jobs by fueling a surge on the consumer market.


Why would they have to be non-tax-related? Money in the pocket is money in the pocket.


If people are already getting full tax refunds and are getting a tax refund, its less a tax refund and more wealth distribution.


LKL wrote:
Quote:
it really comes down to (to the best of my understanding) how expensive it is for people in other countries to buy U.S. products.


from what I've heard, export companies are one of the few sectors that haven't been in a tailspin this last year. With the dollar falling, people in other countries are not only buying U.S. products, but also buying U.S. property as vacation homes (at least, according to a 15-minute report on NPR I heard a few weeks ago...). Maybe the dollar has been artificially overvalued, and the correction of that is part of this whole mess. It seems that all of our necessary corrections are coming due at once, unfortunately.


Watching all that on CNN for the past few weeks - its scary. A lot of experts are saying that it won't blow away the 401k's, that as its financial banking the assets and investments that the mutual funds would have are not tied down to the investment banks but, unfortunately, the tax payers will be shelling out for this :S. CNN did have an analyst on, she has a show on their channel and I forgot her name, but she did mention that a lot of this money that was going to be sunk in by the tax payers was more like a loan and that when it was pulled back out by the government that it would have increased yield. It just scared me that they could have Ali, a whole bunch of other experts, Ben Stein, Donald Trump, and they're all saying different things - sometimes contrary. It blows my mind how the best of the best out there can't even agree.

LKL wrote:
Quote:
impinging on the free-will of businesses to do whats in their best interest really means that they just pack up and move to another country and, if worst comes to worst, you'd see far fewer companies filing for corporation status in the U.S. - they'd want nexus somewhere else.


That implies a race to the bottom that is simply unacceptable. Ecological protection is bad for corporations; should we thus allow them to clearcut every last old-growth tree, for fear that they'll move on to the Russian taiga (which they have done) if they can't? Should we allow them to dump toxic effluent into our streams and soil because it costs less than cleaning it up? Should my hospital be allowed to dispose of chemotherapy and radiation therapy left-overs in the regular trash, because it costs them far less? Should we, like China and Indonesia, outlaw unions and minimum wages, because benefits and high wages cost employers more here than they do in those countries?


Green has this on its side - the more a company, GE or anyone else, can come up with green inovation - it doesn't just save them money, it makes a far superior product and innovates their ability to make it. In that sense green does sell itself. I agree though, we should not have environmental protections lifted in terms of pollution, and while I won't even talk about Greenpiece or PETA I will say that it makes sense to at least let large companies know that they are being actively watched.

As far as state to state tax reform though, it has worked for Jindal in Louisiana, but I think your right in this sense - it does only have so much mileage before every state maybe decides to do what one active citizen is thinking of doing in Massachusetts with her community action committee - you can cut away at state level taxation, omit state income tax, make your state sales tax exempt, but when 50 states get to that point it means that all things really are equal. On this point I don't really know either, I would like to think that the world market will hit its equilibrium, until that point I would think that the companies who are producing from within the U.S. and paying the least to make their product will be the most successful in supplying export potential. Keep in mind though, I am typing this from Ohio and I think 3 states really should at least think about cutting taxes as much as they can - my state, Michigan, and Pennsylvania. Governor Stickland has already been kicking around ideas to make Ohio sales tax free, hopefully that will do something to revive our state.

LKL wrote:
Quote:
we just really don't want to see dictatorships endangering democracies around the world...


But a stable dictatorship is often better for business than an unstable democracy, with its messy regular regime changes and its populations demanding expensive rights and regulations.
Quote:


Don't know how many of those there are to compare (messy unstable democracies), maybe if your speaking of satellite states of the old U.S.S.R. but they don't have the economic pull on the overall system.


LKL wrote:
Quote:
LKL wrote:
I'm of two minds about that. On the one hand, yes: they should pay for their mistakes. On the other hand, they can't be allowed to take down the world economy with them. I'm for punishing the individual board members and CEOs but propping up the companies.


After watching BBC World News and getting an idea of how much foreign investment was in those companies I think it would have been a very sticky situation, both for foreign investment in the U.S. and while I'd heard it would only burn the stockholder's I don't who would repossess the mortgages, how that would affect the valuation etc.. Questions like that do fascinate me because they do matter a great deal.


{rant}I was unsurprised to learn that Freddie's and Fannie's CEOs got termination bonuses of 9+ million and 14+ million. How can you drive a company into the ground and be rewarded for it?{/rant}


In the case of that mess I'm not certain, I do know that corporations regularly pay 'fixers' these sorts of amounts and, when they fail, its a 'please go away!' payment - as in the results can't be guaranteed in many cases. People who do grab up failing companies and turn them around are paid much like pro athletes, most of the time its because they've earned it. With Fannie and Freddy though, I don't know their story in terms of the CEO's specifically.

On the other hand I do remember the name of the guy who it was that people have been saying has had heavy implications with both of these failings and who's somehow managed to duck media scrutiny - Barney Frank. There has been some debate over the WSJ's editorial article on what he did but from what's out there, he and some other congressman had been in charge of oversight for Fanny and Freddy and let it fall to pieces while their lobbyists (which they had many who were pouring cash all over Washington) were lining their pockets.


LKL wrote:
Quote:
I'd much prefer the private sector to yield to demand pressures from the labor or consumer market rather than having the House of Representatives or Senate involved; when Washington gets involved the results are scary - the levels of Medicare fraud are one good example.


The problem here is that an individual worker (which most of those working at minimum-wage levels qualify as) is virtually powerless set up against a large employer. A company that employs 1K is going to say 'faretheewell' to individuals who say, 'you're not paying me enough,' especially in high-turnover, low-skilled jobs. Without either unions or government oversight, it's simply not a level playing field. As far as medicare fraud - I don't think that the levels are as high as is claimed (or as frequent as is implied, anyway), and if Medicare reimbursed at least at cost, hospital admins might not feel as pressured to fudge their diagnoses. Most hospitals take a loss on their medicare patients, and are required by law simply to eat it.


That last part - I do think anti-trust laws have some merit here. If barriers to entry are too high for competition it is a problem if its only a small handful of companies controlling a whole field. On the other hand, I think a grass-roots consumer's type group for the labor market would be great. Of course, I don't know if it would be legal for them to have a 'consumer's report' page with different companies paying wages, I know they can do it with insurance quotes but I don't know whether or not it would get legally sticky or border on arguable slander.

On the Medicare bit - I would have to research this more. I've heard cases mentioned where a single person was able to pull of 140 frauds but, that's heard, I haven't seen it documented.



gamefreak
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19 Sep 2008, 11:56 pm

Palin is evil, all she cat\res about is money. Drilling Oil in the Artic Circle, Letting people hunt animals from helicopters. Teacher creatism in schools. She is a Dicator that will lead this country in Doom. No Regulation= Crime and a 90% Poverty Rate.