Comments by "whyamimrpink78" (@whyamimrpink78) on "Fox News Election Advice For Dems: Admit Republicans Are Right!" video.

  1. Kyle's arguments are very easy to debunk. Also, pointing to what happened since the 80s is not a strong argument for what is happening now. Right now the economy is doing well. Kyle is losing his mind at this point due to Trump's success.
    2
  2. Yep, keep denying Trump's success.
    1
  3. Justice Anonymous, if you have an MBA and are struggling than that is reflection on you. Also, an MBA is better when combined with another degree like a STEM degree.
    1
  4. Un Homme, I will start with wage stagnation. There is data that suggest wages have been stagnated since the 70s if you use CPI method of inflation. But the issue is that 1. There is many ways to calculated inflation such as GDP deflator and PCE 2. Inflation is sometimes overstated as shown by the Boskin Commission 3. Inflation is flawed in that you can't account for factors like technological advancements and new produce bias On each point 1 and 2. If you use PCE level of measuring inflation one can argue that wages have outpaced inflation and productivity. Read the reports entitled "Fifty Years of Growth in American Consumption, Income, and Wages" by prof. Bruce Sacerdote and "Did Wages Reflect Growth in Productivity?" by prof. Martin S. Feldstein. Overall, people who point to CPI inflation and wage stagnation is using only one technique to come to a strong conclusion. You can't do that. You should use many methods before coming to a conclusion. That is not to say that wages are just fine, I feel they should be higher. But to make the strong conclusion that wages have been stagnate is something one can argue against. 3. Inflation has flaws that can overstate it at times. For example, on technology new items can be more expensive but overall is cheaper. With cars they are more expensive in pure sticker prices, but they last longer, get better gas mileage and are safer, all which saves money in the long run. New product bias is how a new product will cost much more than it really is when it first hits the market due to high demand. But shortly afterwards the price drops a lot. Take flat screen TVs for example or smart phones. That is just on wage stagnation. I can attack other points as well.
    1
  5. Save The People, to start, I don't believe that stat. Next, what is their cost of living? What is their household income? You have to factor in that. Someone earning $10,000 a year who has a spouse who earns $100,000 a year is not poor.
    1
  6. Un Homme, the economy has increased my rent and has actually harmed me. However, I am willing to look past myself and look at the economy as a whole, it is better. And when I graduate with my doctorate I will have jobs waiting for me because of it.
    1
  7. The "boom" is being controlled with interest rates by the Fed. In the past the Fed kept interest rates low which led to bubbles. Now they are raising it.
    1
  8. Save the People, the poverty rate has been dropping the past few years. It is around normal. "Near poverty" is between 10 to 15% according to census data. Also, poverty is subjective in many ways. If you account for cost of living poverty rate changes.
    1
  9. Luigi Lama, pointing to tax cuts and bubbles is flawed. The two major recessions were the result of low interest rates.
    1
  10. Luigi, Friedman said the Federal Reserve caused the great depression and most economists agree with him. The Fed does not set tax rates.
    1
  11. Even Ben Bernanke admitted that Friedman was correct.
    1
  12. @Luigi Lama, Bernanke admitted that Friedman was correct. This is well known. But whatever, just name call when you have nothing intelligent to say.
    1
  13. @Luigi Lama, QE did not lead to inflation because banks did not spend the money so the money did not enter the economy. Low interest rates in the 60s and 70s led to hyperinflation which is why Volcker raised them to 21% in the 80s to slow down inflation.
    1
  14. Luigi Lama  Bernanke denied low interest rates caused the recession because he kept them low. But Bernanke is on record on saying Friedman was correct. He said it on Friedman's birthday after his death.
    1
  15. Luigi Lama, I understand that there is more to the economy than interest rates, but the two major recessions, and the time of hyperinflation all corresponded to low interest rates. You say "excessive lending practices" which is the result of.....wait for it.....low interest rates. There was hyperinflation in the 70s, inflation was over 11% in the 70s according to FRED stats. We allowed it at the time because, at the time, many economists supported the Phillips curve where when inflation goes up unemployment goes down. Eventually that trend stopped because employers realize that wages and expenses were too high and thus stopped hiring. To alleviate inflation the Fed raised interest rates. Inflation was at the highest point in the US in 1974 and 1980, both over 11%. The next highest time besides those two points is around 5.8%. If you don't think 11% is hyperinflation compared to 5.8% than I don't know what is. In 2002 on Friedman's 90th birthday Bernanke said, and I quote "I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again." You can find that on the Fed's website in an article entitled "Remarks by Governor Ben S. Bernanke"
    1
  16. It is true. Doesn't matter, AOC is going to be embarrassed in Congress.
    1