Is George Bush a Good President?

Gamefreak · January 13, 2007, 07:13:04 AM

QuoteTHink about it this way people: if the new deal had never been, we would never have had a plan to get ourselves back up.

Not entirely true. While the New Deal contributed to the economic regrowth of America, World War 2 had the greatest effect. Because all of our factories had to convert to making war supplies, more people were being hired, so more people were getting back on their feet.

darkphantomime · January 13, 2007, 01:12:26 PM

And your view on a government enforced mininum wage and what I said about communism and capatilism having equal power to corrupt?

Gamefreak · January 13, 2007, 01:14:32 PM

I'm against the raise in minimum wage.

darkphantomime · January 13, 2007, 05:26:53 PM

Hmm... would you mind telling your view of this?

Are you also against the very idea of the mininum wage; that the mininum wage should have in fact, never existed?

MasterKeyX · January 14, 2007, 07:18:42 AM

Quote from: Darkphantomime on January 13, 2007, 01:12:26 PM
And your view on a government enforced mininum wage and what I said about communism and capatilism having equal power to corrupt?

You see, I think of this argument as invalid. Any type of government has equal power to corrupt. This includes captalism, communism, monarchy, dictatorship, whatever.

Yes, there is capitalism in America. But the amount of corruption in the U.S is much less than it was in, say the Soviet Union. Do you know why? it's because of the way our government is run. if we were to change that,our country would be far worse off.

darkphantomime · January 14, 2007, 09:31:50 AM

Look in the post before that...

Quote from: Darkphantomime on January 12, 2007, 05:05:04 PMIf our world were completely governed by capatilism, it would be no better if our world had been governed completly by communism. Evenually the power of the system grows to such a level, that it becomes absolute. And absolute power corrupts absolutely.

The reason we haven't corrupted is because we take a varied approach... it's not 100% capatalism, it's not 100% socialism.

What I'm saying is, you miss the point if you think our country is well off because its a capatalist country. It's how i is because its a mixed economy. Ever read 1984? That book was banned in one state because it was 'pro-communism'. But they miss the point entirely of the book and how the world turned out the way it turned out.

A novel for the failure of communism and socialism: Animal Farm. By the same author. Not one absolute will survive long; the people will resist.

MasterKeyX · January 14, 2007, 12:45:51 PM

Quote from: Darkphantomime on January 14, 2007, 09:31:50 AM
That book was banned in one state because it was 'pro-communism'.

A novel for the failure of communism and socialism: Animal Farm. By the same author. Not one absolute will survive long enough until the people resist.

If they banned a book, that's against freedom of speech, i might add.

Oh, and i did read Animal Farm. good book by George Orwell. But,give or take, i was wrong. Our country is only partly capitalist, which is why it succeeds.

Gamefreak · January 14, 2007, 04:02:07 PM

Right, I don't think a pure Capitalist society would work. Government interventions such as the Public Goods Rationale and minimum wage(to an extent) are necessary.

I'm not against minimum wage, I'm just against raising it higher than it already is, because employers are going to have to raise prices in order to compensate for the extra money they're paying employees.

darkphantomime · January 14, 2007, 04:46:21 PM

The mininum wage was raised ten years ago. In that time, our economy has experienced inflation: Prices have rised on many many things and this has in turn, raised the cost of living. To those who are unfamiliar with that term, cost of living is the money that one has to have in order to survive. This includes all the utuility bills, rent, food, gas, car bills, etc.

QuoteThe minimum wage fell about 29% in real terms between 1979 and 2003. For the median worker, real hourly earnings have increased since 1979, however for the lowest deciles, there have been significant falls in the real wage without much fall in the rate of unemployment.

from:
http://en.wikipedia.org/wiki/Mininum_wage#Recent_trends_in_the_U.S.

The thing that must be acknowledged here is that in real terms, IE: when we adjust for inflation, we can actually buy LESS than what we could afford on mininum wage back in '97. This trend has been in place since the '70's.