Comments on: Does John Boehner know what paychecks are made of? http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: y2kurtus http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-2/#comment-28426 Tue, 12 Jul 2011 01:47:03 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28426 @hsvkitty,

BP and fracking and the enviroment are of concern to everyone, myself included, that’s why oil drilling and shale gas exploration are heavily regulated. I’m not for one instant saying that they should be unregulated.

I was challenging the obvious fallacy that regulations don’t affect investment and employment.

In some instances regulation might actually increase employment. In my state they have reduced the number of lobster traps allowed per lobster licence several times. This has allowed more people to make a living in the lobster business at the expense of the really ambitious hard working lobstermen that use to fish 16 hours a day 6 days a week.

@DanHess total kudos to your ideas. I agree with your assessment that energy scarcity will dwarf all current issues much sooner than many expect. Lets change some regulations and put wind turbines up in all but the most critical envriomental areas of my state and solar farms in all but the most critical areas of the arid southwest.

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-2/#comment-28420 Mon, 11 Jul 2011 22:46:05 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28420 y2kurtus, when we speak of the environment, BP and fracking, those are issues that should be of concern to everyone, especailly those in the industry. BP’s spill was caused by LESS regulation, as Bush and Cheney were all for giving oil free reign and profit is the only focus.

Everyone in the industry should be more wary of the contempt of the people and the market and environmentally regulate themselves … but they already proved they can’t.

PS: Drilling twice as fast doesn’t necessarily equate to more jobs… just more profit.

May your pipelines be fracked for using that as a basis for argument.

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By: najdorf http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-2/#comment-28395 Mon, 11 Jul 2011 13:07:51 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28395 Danny, you are the first person in the whole thread to use the word “unregulated”, so I’m not sure which market you’re talking about. Assuming you’re on your usual hobby-horse about the poor unfortunate bankers, you’re right, it was because banks were so regulated that dozens of them failed, causing massive economic damage. The government practically forced them to abandon underwriting standards, spend all their time structuring socially useless derivatives products, and destroy most of their own capital.

If I actually believed that you were a laissez-faire capitalist I would at least find you intellectually honest (although mistaken). But we all know that you want the government to support banks and enable their profiteering without actually subjecting them to regulation. You are a consistent advocate of the worst kind of crony capitalism.

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-1/#comment-28382 Sun, 10 Jul 2011 06:09:19 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28382 Andvari, when exactly was one of the most heavily regulated markets “unregulated”?

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By: lambertstrether http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-1/#comment-28379 Sat, 09 Jul 2011 20:46:15 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28379 What is this “public service” of which you speak?

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By: a.soffronow http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-1/#comment-28375 Sat, 09 Jul 2011 08:09:54 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28375 1. While decreasing spending will probably not increase employment directly, neither will increased spending increase employment: there’s pretty good evidence out there that during periods of economic growth the marginal fiscal multiplier is very close to zero in the U.S.

2. Increased government spending is coincident with increased government size and increased government regulation. Spending is not done in a vacuum; it necessarily entails greater government control of the economy. And while you may not be an anarcho-capitalist, I think you can obviously see how that decreases employment, at least in the long run.

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By: inspector1 http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-1/#comment-28371 Sat, 09 Jul 2011 02:22:26 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28371 “Paychecks are made of money: they’re spending. If you spend less, you get fewer and smaller paycheck”. Oh my goodness! Do you believe someone with a college education would actually write this. What he is saying, when the government adds a job, your spending, but without, your spending less. This is only true in the private sector. Government is for safety and supporting the private sector in a limited way. But when you create government jobs to only boost your political power(unions, democrat voters), we lose. Typical leftwing Reuters story!

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-1/#comment-28370 Sat, 09 Jul 2011 02:18:53 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28370 @KenG_CA

“excessive regulations holds back job creation – another myth. If you are a big company with billions or even hundreds of millions of dollars in cash earning 0.2%, a few regulations will not stop you from investing in new jobs if you believe they will yield a profit.”

Let me give you some undebatable examples in industries I’m very very familar with: Oil exploration… deep water drilling is down 75% from pre gulf coast spill. Shale gas drilling… insustry lobbiests say we would be drilling wells twice as fast were it not for regulations regarding fracking.

I’m in no way saying that we should disreard the enviroment to drill baby drill. But don’t say that regulation has no or minimal impact on business investment… that’s not a defensable position for any sane person.

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By: forthgrader http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-1/#comment-28367 Fri, 08 Jul 2011 23:13:11 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28367 I just checked!

My paycheck is made out of the money I earn minus the taxes the government takes away, often to spend on things of dubious value or entitlement programs that will be broke long before I benefit from them. I also set up an automatic deduction to a savings account to cover my $125,000+ and quickly growing share of the national debt.

Here’s an idea. Why not balance the budget by forcing government agencies to do more with less; it’s called efficiency. It’s a foreign concept in government but it wouldn’t be that hard to make a dent. Did you know government contractors pay people to make sure they meet or exceed their projected burn rate? This is because the government will actually punish them and reduce their funding if they work faster or more efficiently than they plan. That’s just the tip of the iceberg we’re barreling towards.

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By: CDN_Rebel http://blogs.reuters.com/felix-salmon/2011/07/08/does-john-boehner-know-what-paychecks-are-made-of/comment-page-1/#comment-28366 Fri, 08 Jul 2011 21:23:50 +0000 http://blogs.reuters.com/felix-salmon/?p=8909#comment-28366 @ElitistNot It seem to me that the Republicans withdrew from talks a few days back, and Republicans that are publically saying they won’t budge in negotiations. With that in hand, maybe you should consider Speaker Boehner as the Congressional Leader that bankrupted America, or any of the Tea Party troglodites that forced his hand.

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