[drgonzo]

Originally Posted by dub CRISP

this is dogma not economics

I like this guy.

[F1VENOM]

Originally Posted by 2ffu

Why doesn't everyone just not work then? what the **** is the point **** it who cares. If you become succesful you are now evil in the eyes of the dems.

why would someone bust their *** for 40 hours a week to make $40K a year before taxes when you can have ALL your free time and get $30k worth of bennifits from uncle sam.

A free $30k for doing nothing? Where are the benefits that good? I need to buy a bus ticket.

[drgonzo]

Originally Posted by F1VENOM

A free $30k for doing nothing? Where are the benefits that good? I need to buy a bus ticket.

Nowhere, that's part of the conservative delusion.

[licence2kill]

Originally Posted by 2ffu

Banks were not lending in 08/09 due to massive margin calls ( that ate up cash because unwinding the position would be even more costly) to fixed income desks holding an unhealthy amount of cdo's, cmo, and other collateralized debt.

Banks were given a capital injection and most paid it back with interest. Banks started lending again but not as outlandishly as before.

If banks don't want to lend why did Wells fargo bring me in to interview for a business credit analyst position that evolves into a Business Relationship Manager? They are lending so much in my area they need more people to work in that department. I didn't take the job because after getting all the information it just wasn't what I was looking for.

There are a **** load of jobs out there, though most of them are being filled with HB-1's because people either don't have the skills or don't want to work.

A family friend of mine owns a comercial garage door installation company he has been trying to hire people for the past 18 months at $40 an hour. This same story is repeated across the country a plethora of times.

Why work when you can get:
99 weeks of UE ( then go on ssdi)
EBT/WIC
federal section 8 housing vouchers ( the section 8 buildings in seattle are straight up nice condos)
a free phone with 250 minutes and text messages
utility subsidies
free lunch for your kids at school
medicade

Not to mention donations from private charities

I'm gonna depart from dub here as I don't see it as a banking problem but an NGDP problem (total dollar spending in the economy) that's being held back by tight monetary policy. Bank's aren't lending and businesses aren't expanding because the aggregate level of spending in the economy is too low and they expect it to be in the future too. That's why demand to hold treasuries is so high across the board.

Also, there is no skills gap, or at least there isn't a bigger one than there was before the crisis. If there was we'd see wages being aggressively bid up by firms trying to attract skilled workers. Of course, we don't see that at all in the data.

[drgonzo]

Originally Posted by 2ffu

99 weeks of UE ( then go on ssdi)

I just noticed this, what the **** is this bull****?

[F1VENOM]

Misunderstanding?

[drgonzo]

Originally Posted by F1VENOM

Misunderstanding?

Complete lack of knowledge, more like. UI doesn't work ANYTHING like what he says yet his worldview is largely based on the kind of travesty he thinks it represents.

[F1VENOM]

8.25 years of $30k sounds like a great deal to me.

[TheSilentAssassin]

Originally Posted by F1VENOM

8.25 years of $30k sounds like a great deal to me.

Sign me up

[F1VENOM]

Originally Posted by TheSilentAssassin

Sign me up

Just waiting on him to list the destination for those bus tickets.

[licence2kill]

It's frightening to think that we have idiots like him working for important financial institutions.

[F1VENOM]

Originally Posted by licence2kill

It's frightening to think that we have idiots like him working for important financial institutions.

I agree, not being able to convert 99 months to years and realize how ridiculous 8.25 years of UI sounds is scathing. Pretty sure he has a college degree in something financial.

[drgonzo]

Originally Posted by F1VENOM

8.25 years of $30k sounds like a great deal to me.

Wait, what?

[licence2kill]

related:

http://economicsofcontempt.blogspot....nd-idiots.html

[F1VENOM]

Originally Posted by drgonzo

Wait, what?

Combining these two gems.

Originally Posted by 2ffu

why would someone bust their *** for 40 hours a week to make $40K a year before taxes when you can have ALL your free time and get $30k worth of bennifits from uncle sam.

Originally Posted by 2ffu

99 weeks of UE ( then go on ssdi)

[Iamamartianchurch]

Originally Posted by F1VENOM

Pretty sure he has a college degree in something financial.

Botany.

He had trouble converting months to years, because years aren't broken down into grams, dimes and kilos. Well....maybe his are.

[F1VENOM]

Originally Posted by Iamamartianchurch

Botany.

He had trouble converting months to years, because years aren't broken down into grams, dimes and kilos. Well....maybe his are.

That's a heavy thought, time in terms of weight.

[Iamamartianchurch]

Originally Posted by F1VENOM

That's a heavy thought, time in terms of weight.

He must be overencumbered by the burden his time places on his finances.

[drgonzo]

Originally Posted by F1VENOM

Combining these two gems.

He said weeks, but no state has 99 weeks anymore.

But the true bull**** thing I was referring to was the idea of going on SSDI after exhausting unemployment. What the actual ****?

Originally Posted by licence2kill

It's frightening to think that we have idiots like him working for important financial institutions.

Frightening yes, but judging by the results, hardly surprising.

[F1VENOM]

I fail at reading.

[Iamamartianchurch]

Originally Posted by F1VENOM

I fail at reading.

Ha

I took your word for it. Damn. Oh well. I still stand by my claim that he is a stoner.