So are you trying to make the point that starvation wages are ok? I mean the boat point is valid even if there is a difference in price points between luxury boats and a telephone. The problem is the poster did not say the people who work at the rolls royce plant ought to be able to buys RRs.
So an I-phone is not a luxury (I guess as an American our sense of entitlement to an I-phone 5 should not surprise me).
I think he was making the opposite point that wages are going up in China. I do agree with Ceres though that the lack of loyalty from corporations to communities is a major root of the problem we face in the West. But on the other hand depending on your POV this could just be the free market correcting itself. You could say that some countries in the West like the US have been overpaid and over consumed for 50 years. China has been underpaid. As one comes up the other must come down a bit to restore a more natural balance.
sounds like a deal is in sight. told you all. I had a feeling a deal was going to happen, because otherwise we would have been going through all of our various exercises we did this year and last year when there was a potential government shut down. I am not at liberty to say what those various exercises involved (because then I would have to kill you all - and then who would I argue with all day to make the day pass tolerably?), but I can say that we didn't do any of that this time around. as I said before, both political parties had too much to lose with taxes going up for a significant portion of the population.
The Chinese people higher on the wage scale have mainly reached this level because of China's huge export to Europe and the USA... if people in the West lose their jobs on a larger scale because the big companies keep moving jobs to China, to lower their cost, then the Chinese export will slowly disappear and then there will suddenly be less high wage Chinese to buy these products as well... the rich Chinese will just go back to being poor, if they lose their huge export... and don't forget that China also are in huge debts. .
But is it a deal that is going to make an actual difference regarding the huge debt ?... I seriously doubt so... the politicians are not out to solve the actual debt problems, but just to make it seem like they are doing something... the financial disaster they wont be able to prevent in the long run. .
I didn't say it was going to be effective at lowering the deficit or avoiding financial disaster in the future. indeed, I've been on record saying the opposite. all I said was that a deal would get done.
AP now reporting they won't get it done before midnight. I'm going to raid the milk aisle at the local Pathmark. I'll be selling that moo crack to babies on the streetcorner. "you want it warm in a bottle, kid, or straight up cold?"
I don't think they're linked -- it's just that the Farm Bill expires (with it's price supports for dairy farmers) around the same time so the the issues are getting conflated. I think.
Yep, without federal subsidies milk would naturally be $8 ********ing dollars a gallon. My head hurts.
Dude, I indicated I had no idea what was going on, so I asked a question. Why don't you explain for me and anyone else who might be interested.
Sounds to me as if the GOP is demanding very large concessions from Obama in exchange for the (very modest) agreement to raise taxes on incomes above $450,000. I'm guessing this officially ends the election honeymoon between the President and progressives. Ah well, the sun is shining, its 45 degrees, off to see Watford host Charlton. You Yanks can rot.
FTR there were no taxes raised. While additional revenues may have been raised, a cut was rescinded. That is different than an increase, I know that all the news outlets reference it as an increase but they often take liberties with rhetoric that give incoorect impressions.
It might not be $8 a gallon, but it would be more expensive than it is now. If it was just something that dairy farmers produced and sold, it would cost whatever the market would bear. But they get welfare from the government, so it makes milk cheaper for the consumer.