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#1 |
40th Level Warrior
![]() Join Date: July 11, 2002
Location: Chicago, IL
Posts: 11,916
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Just heard that my firm laid off upwards of 40 secretaries today.
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#2 |
Symbol of Cyric
![]() Join Date: November 25, 2002
Location: NY
Age: 49
Posts: 1,190
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I completely agree with you TL. My mother was the secratery for 3 lawyers at a firm for 10 years. They never would have been able to get anything done with out her. Sorry for those ppl who just lost their job and sorry for you who's job will be that much more difficult for it
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[img]\"http://www.bethspage.us/sig.jpg\" alt=\" - \" /> |
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#3 |
Guest
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Talk to Congress not the President TL. He has a proposal out, the people in the Senate have to figure out how to make it work. (by the way, Large Tax cuts in a slow economy have always worked to stimulate the economy every time it was done.) And deficits aren't all that bad if they aren't out of control. I read somewhere once that listed deficit spending was a marvelous tool of modern economics....I think it was in a history class [img]smile.gif[/img]
I would also like to mention, that the government doesnt produce new jobs or economic growth...that is private industry that does those things...it is governments job in these cases to remove hinderences to industry. Edit: As for being Useless without your secretary....I would say less than cost effective without the secretary [img]smile.gif[/img] But wether you call them secretary's or administrative assistants....they are important. [ 05-07-2003, 01:26 PM: Message edited by: MagiK ] |
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#4 |
40th Level Warrior
![]() Join Date: July 11, 2002
Location: Chicago, IL
Posts: 11,916
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Upwards of 5 trillion *is* out of control - and that's the President's proposed debt at the end of his 10 year projection. Even at a 1% loan, that's $50 billion per year in interest alone. $50 billion: that's the cost to run a four week war in Iraq, btw.
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#5 | |
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#6 |
Silver Dragon
![]() ![]() ![]() Join Date: March 4, 2001
Location: Knoxville, TN USA
Age: 62
Posts: 1,641
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Should have laid the lawyers off and kept the secretaries!
Of course the firm stands less of a chance of being sued from the secretaries, than they do from the lawyers! Sorry TL, I just couldn't resist!!! ![]()
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Sir Taliesin<br /><br />Hello... Good bye. |
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#7 | |
Quintesson
![]() Join Date: September 12, 2001
Location: Ewing, NJ
Age: 43
Posts: 1,079
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Quote:
The proper thing to do in the current economy is to try to stablize things and make buisness confident enough that it can start investing again. The intrest rate is so low at this point that there is no reason for a company not to invest, except for fear of what might happen in the future. If buisness will start investing again, then the economy will grow. The problem right now isn't people, its buisness, and I haven't seen one attempt to help buisnesses that came close to something like attacking Iraq, and no one seems to be sure if thats the end. There are not many companies that are going to invest when they are not sure whats going to happen a year from now. |
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#8 | |
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Quote:
The proper thing to do in the current economy is to try to stablize things and make buisness confident enough that it can start investing again. The intrest rate is so low at this point that there is no reason for a company not to invest, except for fear of what might happen in the future. If buisness will start investing again, then the economy will grow. The problem right now isn't people, its buisness, and I haven't seen one attempt to help buisnesses that came close to something like attacking Iraq, and no one seems to be sure if thats the end. There are not many companies that are going to invest when they are not sure whats going to happen a year from now. [/QUOTE] In another subject you might be right Seraph..but in this case the economists I talked to aren't politicians [img]smile.gif[/img] They are college professors who do not run for office [img]smile.gif[/img] Stagflation happend during a period of extremely high interest rates and high taxes...it was as someone else posted an anomaly and can't be used as a base model. In the Reagan era The amount of money that came into the government due to the tax cuts and the resulting economic growth saw huge deficits mostly due to increased spending by congress...the more moeny they took in...the more they wanted to spend. Anyway..this could get debated for ever and I didn't really want to start this all over again.... |
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#9 | |||
Quintesson
![]() Join Date: September 12, 2001
Location: Ewing, NJ
Age: 43
Posts: 1,079
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Quote:
On a different topic, can you put me in touch with some of these professors? I've yet to find an economist that held the position that the tax cuts were the correct option. Quote:
Friedman predicted "stagflation" with high unemployment and inflation at the same time in his 1968 Presidential Address. He was widely considered a nut, but the years that followed showed him right. He eventually received a Nobel Prize for what he did. The cause of Stagflation was a belief that the Phillips curve worked over a wide range of situations. The Keynesian economists took something that was a poorly understood, and assumed that it would cover a wide variety of situations. Unfortunately it didn't and they pushed the country right into "stagflation". Quote:
The US unemployment rate is around 6%, which is high, but it?s not awful (full employment is around 4%). Using tax cuts it would be very easy to over-stimulate the economy into an inflationary state (ala Reagan). Its very hard to do this by increasing buisness confidence. |
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#10 |
Guest
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LoL Seraph, as I said..this can be debated adnauseum...and has been on several occasions...I'll give in gracefully and agree to disagree [img]smile.gif[/img]
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