quote:

In numerous threads you call bankers dishonest, lying and scum sucking maggots and then when you need "authority" you cite bankers as an honest source of irrefutable fact?

1. I can't recall calling bankers "lying scum sucking maggots".  I am vehemently opposed to these government bailouts, but my ire has been directly chiefly at the Congress for indulging in these bailout games.  My assessment of Wall Street has and remains "if they fail, they fail." 
   
2. I'm not citing bankers as a source of irrefutable fact.  I am pointing out the existing of anecdotal information that runs counter to the view at a macro-economic level of a dearth of liquidity, aka a "credit crunch".
   

quote:

Hippiekinkster: " Average people who are one paycheck away from crashing are invisible to righties except when they want their vote or their money."

quote:

ORIGINAL: celticlord2112

quote:

Name one way this depression impacts you.

I'll name several:

1. Clients go out of business.
2. Clients cancel/delay projects
   
3. When cultivating new clients I am under greater pressure to discount my rates

The first two represent a decrease in the aggregate hours my company bills every month.  The third means I have to bill more hours to sustain a given revenue level.  Each of them means less money coming in.

Lean economic times have a dramatic effect on my business.  As the business owner, my responsibility is to respond to changing circumstance, and to adapt.  2009 is not likely to be a banner year for my company, but I am in no way, shape, or form, going to just give up and go under.  It may be a difficult year, but it will be a survivable year, and I am determined to be in business come 2010.

quote:

ORIGINAL: celticlord2112

quote:

In numerous threads you call bankers dishonest, lying and scum sucking maggots and then when you need "authority" you cite bankers as an honest source of irrefutable fact?

Two flaws in your argument:

1. I can't recall calling bankers "lying scum sucking maggots".  I am vehemently opposed to these government bailouts, but my ire has been directly chiefly at the Congress for indulging in these bailout games.  My assessment of Wall Street has and remains "if they fail, they fail." 

You have called bankers virtually every name in the book for months and now you want to play semantic games (on second thought that may be all your doing)?  I am beginning to believe that you have never really held any position.  It is dangerous to state a position and stick with it.

1. I'm not citing bankers as a source of irrefutable fact.  I am pointing out the existing of anecdotal information that runs counter to the view at a macro-economic level of a dearth of liquidity, aka a "credit crunch".

Then bother to read responses and learn:
"
Many of the business closures and failures are because there in no "commercial paper" available to make monthly/bi-monthly payrolls and deadlines.

This form of short term borrowing by businesses/institutions is their life blood.Many/most business don`t have enough money to cover months and months of over-head,waiting for income streams to arrive.

There`s little to no liquidity in those funds/money pools called "commercial paper"right now.They are locked up.

There are many many forms and types of credit,not just car loans and credit cards.
Ones we never see or know about,but that affect us all the same. "

< Message edited by Owner59 -- 12/25/2008 7:02:42 PM >

quote:

If the impact is not to your wallet, it is not occurring.

quote:

ORIGINAL: celticlord2112

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If the impact is not to your wallet, it is not occurring.

Umm......how are declines in revenues to my business not impacting my wallet?

quote:

ORIGINAL: celticlord2112

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By your definition is a depression merely a correction?

Strictly speaking, yes.  Economic contractions are necessary to restore equilibrium in the system.

quote:

ORIGINAL: Lorr47

Hippiekinkster: " Average people who are one paycheck away from crashing are invisible to righties except when they want their vote or their money."

And, you will never see the problems.  If the impact is not to your wallet, it is not occurring.

quote:

ORIGINAL: Truthiness

quote:

ORIGINAL: Lorr47

Hippiekinkster: " Average people who are one paycheck away from crashing are invisible to righties except when they want their vote or their money."

And, you will never see the problems.  If the impact is not to your wallet, it is not occurring.

Ironically, studies show that conservatives donate as much as 30% more to charity than liberals.

quote:

Ironically, studies show that conservatives donate as much as 30% more to charity than liberals.

quote:

ORIGINAL: Lorr47

quote:

ORIGINAL: celticlord2112

quote:

In numerous threads you call bankers dishonest, lying and scum sucking maggots and then when you need "authority" you cite bankers as an honest source of irrefutable fact?

Two flaws in your argument:

1. I can't recall calling bankers "lying scum sucking maggots".  I am vehemently opposed to these government bailouts, but my ire has been directly chiefly at the Congress for indulging in these bailout games.  My assessment of Wall Street has and remains "if they fail, they fail." 

You have called bankers virtually every name in the book for months and now you want to play semantic games (on second thought that may be all your doing)?  I am beginning to believe that you have never really held any position.  It is dangerous to state a position and stick with it.

1. I'm not citing bankers as a source of irrefutable fact.  I am pointing out the existing of anecdotal information that runs counter to the view at a macro-economic level of a dearth of liquidity, aka a "credit crunch".

Then bother to read responses and learn:
"
Many of the business closures and failures are because there in no "commercial paper" available to make monthly/bi-monthly payrolls and deadlines.

This form of short term borrowing by businesses/institutions is their life blood.Many/most business don`t have enough money to cover months and months of over-head,waiting for income streams to arrive.

There`s little to no liquidity in those funds/money pools called "commercial paper"right now.They are locked up.

There are many many forms and types of credit,not just car loans and credit cards.
Ones we never see or know about,but that affect us all the same. "

< Message edited by Owner59 -- 12/25/2008 7:02:42 PM >

Out of my own curiosity, why do you always appear "offline" when you are always "on line." 

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ORIGINAL: Truthiness

Which, even if you agree with William Tucker; that's irrelevant to my point, which was simply to refute Hippiekinkster's dramatic but wrong generalization.

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Basic messageboard knowledge 101 - In your profile settings there's an option to not show up in online lists; just click the box.