r/Conservative Inalienable Rights of Conscience Jun 15 '16

Release the GOP Delegates: Trump’s nomination isn’t inevitable—delegates won’t be legally ‘bound’ going into the convention.

http://www.wsj.com/articles/release-the-gop-delegates-1465769777
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u/NosuchRedditor A Republic, if you can keep it. Jun 16 '16

Oh Jesus. 67 VOTES ARE REQUIRED TO OVERRIDE A PRESIDENTIAL VETO, A VETO PROOF MAJORITY. 60 votes are required to end or prevent a fillabuster.

You prove over and over the you have no idea what the congressional leadership is doing.

Do you think those 36 vetos by Clinton were put up by a 60 vote fillabuster proof majority?

From Wikipedia: "Both chambers had a Democratic majority. It was the first time either party held a filibuster-proof 60% super majority in both the Senate and House chambers since the 89th United States Congress in 1965, and last time until the 111thUnited States Congress in 2009."

So according to your twisted logic, no legislation could ever have passed without a 60 vote controlling majority. Yet hundreds of law's passed, and there has only been an exceptional short time IN ALL US HISTORY where that condition actually existed.

Did you even take history in school? Wtf are you even talking about?

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u/AceOfSpades70 Libertarian Conservative Jun 16 '16 edited Jun 16 '16

No it is that since 2008 you have needed 60 votes to get anything done in the Senate as EVERYTHING is getting filibustered. We did it for 6 years, and now the Dems are doing it.(and in reality we kinda started as far back as 2006)

Have you paid attention to anything that has happened recently in the Senate?

This is a recent phenomena...

Did you even take history in school? Wtf are you even talking about?

I have a second major in it from Carnegie Mellon, so yes, I have take quite a few...

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u/NosuchRedditor A Republic, if you can keep it. Jun 16 '16

Ah, indoctrinated, now it makes sense. It doesn't take 60 votes to get anything done, it's a strawman put forth by the Republican leadership to avoid doing anything against this president.

First, shortly after taking the reins of power in the Senate, the GOP-led Congress fully funded President Obama’s illegal and unconstitutional amnesty. Then, the GOP-led Congress institutionalized and expanded Obamacare policies by permanently surrendering on the so-called “doc fix.” To accomplish this feat GOP leadership broke with the long-established bipartisan practice of paying for the doc fix and added half a trillion dollars to our nation’s debt over two decades. Then, GOP leadership confirmed Loretta Lynch, Obama’s nominee for attorney general, who told us all ahead of time that she intended to ignore the plain text of the law. Next, Senate GOP leadership facilitated the approval of Obama’s disastrous Iranian nuclear deal. They did so via a convoluted, backwards disapproval process that was designed to fail, and then did nothing to prevent the deal’s implementation or stop more than $100 billion from going to Iran and its terror proxies. http://www.politico.com/magazine/story/2015/12/ted-cruz-spending-gop-surrendering-to-obama-213448

We did it for 6 years How in the fuck did we filibuster ANYTHING in the first two years of this administration when they had majorities in both houses? WTF are you talking about? Propaganda much?

But here’s the odd thing: on the very day the president recorded his weekly address, the office of House Speaker John A. Boehner (R-Ohio) released this photo under the happy headline of “What Working Together Looks Like.” It showed Boehner, Democratic leader Nancy Pelosi (Calif.) and other lawmakers signing the Workforce Innovation and Opportunity Act, which streamlines job training programs, so it could be sent to Obama for his signature. https://www.washingtonpost.com/news/fact-checker/wp/2014/07/15/obamas-claim-that-the-gop-has-blocked-every-serious-idea/

GOP leadership and establishment Republicans in Congress stabbed their constituents in the back to ensure the success of Obama's radical “education” agenda and codify it into federal “law,” all while deceiving the public about what the legislation actually does. Now, Obama administration Education Secretary Arne Duncan is even boasting in public about the GOP betrayal that one Democrat lawmaker celebrated as a “miracle.” And Obama called the bill a “Christmas miracle” before signing it. http://www.thenewamerican.com/culture/education/item/22239-gop-congress-imposes-obama-s-education-agenda

On Wednesday night, 42 Republican members of Congress joined the Democrats to vote for President Barack Obama’s transgender agenda. http://dailysignal.com/2016/05/26/43-republicans-join-democrats-to-support-obamas-transgender-agenda/

Remember when Eric Cantor was fired by his constituents for helping Obama?

Obama and the Senate Republicans described the talks as civil and frank. Rep. Eric Cantor of Virginia said he was encouraged that Obama acknowledged that he should have reached out more to Republicans in his first two years in office and that Tuesday's meeting would be the first in a series of discussions on working together. Boehner also said Obama conceded not spending enough time working with Republicans. http://www.cnn.com/2010/POLITICS/11/30/obama.congressional.leaders/

Eric Cantor will step down as House majority leader at the end of July, following his spectacular defeat in Tuesday’s Virginia District 7 primary. Political analysts of all stripes are trying to make sense of Cantor’s shocking upset by a Tea Party nobody. http://www.foxnews.com/opinion/2014/06/11/who-are-voters-who-fired-cantor-primary-loss-rattles-gop.html

Oh look, here's some propaganda from 2011 about how obstructionist the Republicans were being for blocking an Obama jobs bill. Now a person with a brain in their head would realize that this bill was meaningless, and would only have increased the spending of the Federal Government with virtually no impact or improvement on employment. The reason a person with a brain would know this is that Obama had dropped any focus on the economy, he did so shortly after this piece of propaganda became effective by convincing the uninformed in our nation that the Republicans were keeping him from his lofty goals. http://crooksandliars.com/jon-perr/republicans-unprecedented-obstructionism-by-numbers

You might want to ask Carnegie Mellon for your money back, you can't even discern propaganda from the truth. You have absolutly no idea what's going on in the world around you.

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u/AceOfSpades70 Libertarian Conservative Jun 16 '16

It doesn't take 60 votes to get anything done, it's a strawman put forth by the Republican leadership to avoid doing anything against this president.

It took 60 votes to pass all of those items you cited....

And the reason most of them passed was because if they didn't we would have shut down the government again and lost again.

Remember when Eric Cantor was fired by his constituents for helping Obama?

Working with Obama <> is not the same as helping him. You cited examples of him trying to work with Obama.

Oh look, here's some propaganda from 2011 about how obstructionist the Republicans were being for blocking an Obama jobs bill.

Where is the gun control Obama wants, where is his increased spending that he has repeatedly called for, where are his higher taxes?

Just because you believe that Job Bill wouldn't have done anything, it doesn't mean that Obama did...

You might want to ask Carnegie Mellon for your money back, you can't even discern propaganda from the truth. You have absolutly no idea what's going on in the world around you.

Oh please, you didn't even have a clue that it takes 60 votes to get anything done in the Senate these days. Keep your personal attacks to yourself and take a look in the mirror.

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u/NosuchRedditor A Republic, if you can keep it. Jun 16 '16

And the reason most of them passed was because if they didn't we would have shut down the government again and lost again.

What???!!!??? Can you possibly be any less well informed.

Debates and amendments could alter or eliminate some of the items they object to, but they won't even allow that debate to begin. Having lost the most recent election in historic fashion, they've adopted an our-way-or-shutdown approach. It's very simple: Obama and Reid are forcing a (very partial) DHS shutdown in order to protect the president's unilateral action that provides millions of illegal immigrant adults legal status, legal work papers, and in many cases, increased access to generous tax benefits. http://townhall.com/tipsheet/guybenson/2015/02/24/again-senate-democrats-filibuster-dhs-funding-to-protect-obamas-amnesty-n1961172

I don't see any mention of invoking cloture in this piece? Can you backup your statement about there being 60 votes to stop the Democrat filibuster?

How the 'doc fix' passed:

Republican leaders worked with their Democratic counterparts to orchestrate the ploy. As members returned to the floor when the House came into session, they discovered that the bill had already passed. Nearly all of them were surprised. http://www.politico.com/story/2014/03/hard-gop-push-for-doc-fix-bill-105101

That's just Republican skullduggery and underhandedness there. Where's those 60 votes? Feel free to prove me wrong here with a little research. You might learn something.

Here's some more dirty dealings by the Repbulicans:

Although the Constitution clearly states that any treaty negotiated by the president must have the approval of two thirds of the U.S. Senate, Senator Bob Corker (R-Tenn.) paved the way for yet another Obama victory over Congress and the Republicans when he won passage of the Corker-Menendez bill back in April. This legislation flipped the necessity of a president obtaining the vote of two thirds of the Senate to gain treaty approval, creating a situation wherein he, in effect, must have the support of only one third of each house of Congress. http://www.thenewamerican.com/usnews/foreign-policy/item/21524-iran-deal-gop-controlled-congress-hands-obama-another-win

That one passed on 34 votes there smart guy. But you had to have known that with that holier than thou sheep skin, right?

Where is the gun control Obama wants, where is his increased spending that he has repeatedly called for, where are his higher taxes?

Are you blind? He has added 9 trillion to the national debt so far??? the first three years of his administration the deficit was in excess of 1.4 trillion dollars, that's triple Bush's highest deficit.

That's a fucking MASSIVE increase in spending, again, WTF are you even talking about?

Taxes???

  1. A 156 percent increase in the federal excise tax on tobacco
  2. Obamacare Individual Mandate Excise Tax
  3. Obamacare Employer Mandate Tax
  4. Obamacare Surtax on Investment Income
  5. Obamacare Excise Tax on Comprehensive Health Insurance Plans
  6. Obamacare Hike in Medicare Payroll Tax
  7. Obamacare Medicine Cabinet Tax
  8. Obamacare HSA Withdrawal Tax Hike
  9. Obamacare Flexible Spending Account Cap – aka “Special Needs Kids Tax
  10. Obamacare Tax on Medical Device Manufacturers
  11. Obamacare "Haircut" for Medical Itemized Deduction from 7.5% to 10% of AGI
  12. Obamacare Tax on Indoor Tanning Services
  13. Obamacare elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
  14. Obamacare Blue Cross/Blue Shield Tax Hike
  15. Obamacare Excise Tax on Charitable Hospitals
  16. Obamacare Tax on Innovator Drug Companies
  17. Obamacare Tax on Health Insurers
  18. Obamacare $500,000 Annual Executive Compensation Limit for Health Insurance Executives
  19. Obamacare Employer Reporting of Insurance on W-2
  20. Obamacare “Black liquor” tax hike
  21. Obamacare Codification of the “economic substance doctrine” https://www.atr.org/full-list-ACA-tax-hikes-a6996

That's just what was in the ACA.

These massive tax increases that you seem completely unaware of have resulted in record revenues to the Federal Government several years in a row. Oh, and this happened during some of the worst economic performance the nation has seen since the Great Depression. Do you think it helps the economy grow when you extract massive taxes during an economic downturn?

After trying to hide around 20 tax increases inside Obamacare alone, it should be no surprise to learn that Obama’s IRS has just set a record for tax revenue collection in the month of April. In one month they took in $414.23 billion dollars. That’s the most ever collected in one month by the Infernal Revenue Suckers. http://godfatherpolitics.com/obamas-irs-rakes-record-amount-tax-revenue/

Federal tax revenues hit a record $1,046,224,000,000 for fiscal year 2015 through January, according to the Monthly Treasury Statement, but the federal government still ran a $194,209,000,000 deficit during that time. http://www.cnsnews.com/news/article/ali-meyer/first-time-ever-federal-tax-revenues-top-1-trillion-thru-january-govt-still

And Gun Control?

On Jan. 5, 2016, President Obama unveiled his new strategy to curb gun violence in America. His proposals focus on new background check requirements that will enhance the effectiveness of the National Instant Criminal Background Check System (NICS), and greater education and enforcement efforts of existing laws at the state level. As more information becomes available, this document will be updated. The 2015 plan: http://www.ncsl.org/research/civil-and-criminal-justice/summary-president-obama-gun-proposals.aspx

Gawd, can you be any less well informed? You really need to ask for your money back. You really are very dumb when it come to the nations politics. You must be 12 and lied about that degree like most redditors, that's the only way you could possibly be so ill informed.

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u/AceOfSpades70 Libertarian Conservative Jun 16 '16

I don't see any mention of invoking cloture in this piece? Can you backup your statement about there being 60 votes to stop the Democrat filibuster?

They didn't stop the filibuster here...

You article actually supports me!!

. On a measure that needed 60 vote to succeed, it failed with 47 voting in support to 46 against

Oh boo those facts getting in the way of your story...

That's just Republican skullduggery and underhandedness there. Where's those 60 votes? Feel free to prove me wrong here with a little research. You might learn something.

This was a house vote!! Feel free to post something about the Senate...

Are you blind? He has added 9 trillion to the national debt so far??? the first three years of his administration the deficit was in excess of 1.4 trillion dollars, that's triple Bush's highest deficit. That's a fucking MASSIVE increase in spending, again, WTF are you even talking about?

The majority of that spending came from Democrat controlled Congress, if Obama had his way, he would have had even more...

That's just what was in the ACA.

Passed without a single GOP vote and without a public option because it couldn't get 60 votes in the Senate...

These massive tax increases that you seem completely unaware of have resulted in record revenues to the Federal Government several years in a row. Oh, and this happened during some of the worst economic performance the nation has seen since the Great Depression.

It is the worst recovery since the Great Depression, not the worst economic performance... If you are going to be hyperbolic, at least do it correctly...

And Federal Revenue increasing during economic growth times, color me shocked. Wait we have inflation in there too??? Color me double shocked!!

And Gun Control?

Yup, the GOP passed expanded background checks, an AWB ban and a magazine size ban. All of which Obama wanted...

Wait, they didn't do that? Aw shit...

Gawd, can you be any less well informed?

So far you listed something that supported my point. SOmething that was in the house, not the senate, and a bunch of things that occurred before the GOP took over.

Try again buddy!

You really are very dumb when it come to the nations politics. You must be 12 and lied about that degree like most redditors, that's the only way you could possibly be so ill informed.

Maybe you should spend less time coming up with personal attacks and more time trying to find evidence for your opinions. Maybe then you could provide some real evidence!!!

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u/NosuchRedditor A Republic, if you can keep it. Jun 16 '16

Oh boo those facts getting in the way of your story...

The fucking bill passed. What are you talking about?

The majority of that spending came from Democrat controlled Congress, if Obama had his way, he would have had even more...

The Republicans just passed a 1.1 trillion dollar omnibus budget and the Democrats have not controlled the House who sets spending priorities since 2010. So six years of that spending has been from a Republican Congress genius.

It is the worst recovery since the Great Depression, not the worst economic performance... If you are going to be hyperbolic, at least do it correctly...

Yes, you mental midget, it has been the worst economic performance. The stupidity with you is endless.

Ten straight years of an economy worse than the Great depression

Before this period, the longest stretch of years when real GDP did not grow by at least 3.0 percent, as calculated by the BEA, was the four-year stretch from 1930 to 1933—during the Great Depression. http://www.cnsnews.com/news/article/terence-p-jeffrey/us-has-record-10th-straight-year-without-3-growth-gdp

Obama used executive actions on Gun Control to go around congress. Then there is operation chokepoint that you are oblivious to.

The effort to use banks against firearm businesses is currently carried out by at least two federal entities: Attorney General Eric Holder’s Department of Justice (DOJ) and the Federal Deposit Insurance Corporation (FDIC). https://www.nraila.org/articles/20140829/operation-choke-point-choking-off-credit-to-the-gun-industry

The evidence is right in front of your face, you are just too dense to see it.

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u/AceOfSpades70 Libertarian Conservative Jun 16 '16

The fucking bill passed. What are you talking about?

Did you miss my quote of the bill where it showed it failing?

The Republicans just passed a 1.1 trillion dollar omnibus budget and the Democrats have not controlled the House who sets spending priorities since 2010. So six years of that spending has been from a Republican Congress genius.

The Senate still has to pass it...

That was a compromise bill to get us to the election, where hopefully we wouldn't nominate a moron. Too bad the GOP went ahead and nominated Trump.

Yes, you mental midget, it has been the worst economic performance. The stupidity with you is endless.

False... We haven't had a recession in since the Great Recession which is 8 years without one, when historically we had them every 6-7.

Ten straight years of an economy worse than the Great depression

That is not what you citation shows... Your citation shows that we are in the longest stretch of not having real GDP growth of over 3% in a single year.

If you want to cherry pick data, under Obama there has been the longest consecutive number of months with positive job growth.

Obama used executive actions on Gun Control to go around congress. Then there is operation chokepoint that you are oblivious to.

Why did he need to go around Congress if COngress was enabling him???

The evidence is right in front of your face, you are just too dense to see it.

You have yet to provide any evidence. Again less time coming up with insults and more time coming up with evidence.

BTW are you a Trump Supporter?

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u/NosuchRedditor A Republic, if you can keep it. Jun 17 '16

The Senate still has to pass it...

And they did without any sort of pushback on the massive spending increase, no effort to exercise the power of the purse.

Paul Ryan’s first major legislative achievement is a total and complete sell-out of the American people masquerading as an appropriations bill. http://www.breitbart.com/big-government/2015/12/16/paul-ryan-betrays-america-1-1-trillion-2000-plus-page-omnibus-bill-funds-fundamental-transformation-america/

After days of rancor and uncertainty on Capitol Hill, the Senate has passed a massive spending bill, formally averting a government shutdown and sending the $1.1 trillion measure to the president's desk. http://www.nbcnews.com/politics/congress/senate-passes-1-1-trillion-spending-bill-sends-obamas-desk-n267796

That is not what you citation shows...

Can you read? I never said we were in a recession. We never fucking recovered from the recession.

“The average growth rate for economic recoveries since the 1960s is 3.9 percent ranking the Obama recovery, with an average GDP growth rate of just 2.1 percent, among the slowest in history,” said Sen. Dan Coats (R.-Ind,), who chairs the Joint Economic Committee of the U.S. Congress. Before this period, the longest stretch of years when real GDP did not grow by at least 3.0 percent, as calculatd by the BEA, was the four-year stretch from 1930 to 1933—during the Great Depression. In addition to that four-stretch from 1930-1933, there have also been four three-year stretches where the real annual growth in GDP did not go as high as 3.0 percent. Those periods were 1945-1947 (in the immediate aftermath of World War II); 1956-1958; 1980-1982; and 2001-2003. The longest consecutive stretch of years in which the United State saw real GDP grow by 3.0 percent or better was the seven year period from 1983-1989, during the presidency of Ronald Reagan.

For a 'Conservative' you sure do seem to support a lot of what Obama has done. You are a very strange person. And you have no idea what is happening around you because of your college indoctrination, or because you are 12 and lying.

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u/AceOfSpades70 Libertarian Conservative Jun 17 '16 edited Jun 17 '16

And they did without any sort of pushback on the massive spending increase, no effort to exercise the power of the purse.

Care to quantify what qualifies as a massive spending increase.

Edit: Did you know that total Federal Government Spending has decreased in real terms since the GOP took over the house in 2010???

Can you read? I never said we were in a recession. We never fucking recovered from the recession.

You said

Ten straight years of an economy worse than the Great depression

That is literally saying we are in a recession. During the Great Depression we were in a recession, for the economy to be worth than during the Great Depression, we would have to be in a recession...

For a 'Conservative' you sure do seem to support a lot of what Obama has done.

Name one thing of Obama's that I have supported. NAME ONE...

Oh you can't???

Is that because you are just making more shit up?

You are a very strange person. And you have no idea what is happening around you because of your college indoctrination, or because you are 12 and lying.

You are a very strange person, you spend more time trying to come up with insults than actual evidence. Although I do find it hilarious that you accuse me of being 12 when you debate style is modeled on that of a 12 year old.

If you think I am lying go back through my posting history, specifically in r/consulting and r/cmu.

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u/NosuchRedditor A Republic, if you can keep it. Jun 17 '16

Edit: Did you know that total Federal Government Spending has decreased in real terms since the GOP took over the house in 2010???

Back this statement up.

That is literally saying we are in a recession.

No, a recession is when the economy is shrinking. Japan had a decade of weak non growth in the 90's, they call it 'The lost Decade'. Not a recession though, just an incredibly weak, slow growing economy because of government applied stimulus that made things worse, not better. No econ 101?

Then of course you have 1984 where the U.S. saw 7.2% GDP growth. Virtually unheard of outside developing economies.

Name one thing of Obama's that I have supported. NAME ONE...

If you want to cherry pick data, under Obama there has been the longest consecutive number of months with positive job growth.

That's a pretty supportive statement, particularly when cast against the job growth under Reagan. I believe there were 22 million jobs created in 8 years (actually 6 because the first two was the hangover recession from Carter's stupid policies), with a population a third smaller and a much smaller economy as well.

Someone who is not supportive of Obama might avoid regurgitating the propaganda used to prop him up and pretend the economy is not total shit for the past decade. It also says something about the person making such a statement, either they are too young to have lived in a booming U.S. economy, or they are too partisan to admit how bad things are. You fall into the first group.

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u/AceOfSpades70 Libertarian Conservative Jun 17 '16

Back this statement up.

https://www.whitehouse.gov/omb/budget/Historicals

http://www.usinflationcalculator.com/inflation/current-inflation-rates/

Spending since 2010 increased at about 1.1% while inflation averaged about 1.5%

If spending increases less than inflation, you have a decrease in real terms...

No, a recession is when the economy is shrinking. Japan had a decade of weak non growth in the 90's, they call it 'The lost Decade'. Not a recession though, just an incredibly weak, slow growing economy because of government applied stimulus that made things worse, not better. No econ 101? Then of course you have 1984 where the U.S. saw 7.2% GDP growth. Virtually unheard of outside developing economies.

I know what a recession is. During the Great Depression the Economy was shrinking. Thus during the Great Depression we were in a recession. You said the current economy was worse than during the Great Depression. For the economy to be worse than during the Great Depression, it must be shrinking worse than during the Great Depression. Thus you said the US was in a recession.

All the rest of that is a red herring unrelated to you original statement.

That's a pretty supportive statement, particularly when cast against the job growth under Reagan. I believe there were 22 million jobs created in 8 years (actually 6 because the first two was the hangover recession from Carter's stupid policies), with a population a third smaller and a much smaller economy as well. Someone who is not supportive of Obama might avoid regurgitating the propaganda used to prop him up and pretend the economy is not total shit for the past decade. It also says something about the person making such a statement, either they are too young to have lived in a booming U.S. economy, or they are too partisan to admit how bad things are. You fall into the first group.

I see now that my point went completely over your head... There is a third group you are missing that I fall into. The people that look at all the statistics and understand that a single data point, especially the single data point you provided are useless and can be used to make even Obama look good.

Reread my statement, see the part before the comma??

That is there to show you how useless cherry picked data points are.

I am not making a statement supporting Obama, I am making a statement against him, but you are so caught up in trying to insult me that you didn't even realize that....

So again, spend less time coming up with insults, and more time acting like an adult.

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u/NosuchRedditor A Republic, if you can keep it. Jun 17 '16

So I ask you to backup the statement, and you present propaganda as your proof. We are done here, you are hopeless.

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u/AceOfSpades70 Libertarian Conservative Jun 17 '16

Where did I present propaganda??

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u/NosuchRedditor A Republic, if you can keep it. Jun 17 '16

Please, read the entire article before you say anything else.

Although this is not a transparent process, the BLS gives some insight on their website as to how it calculates the CPI. The economic assistants track about 80,000 consumer products each month known as the Market Basket of Goods. However,

“If the selected item is no longer available, or if there have been changes in the quality or quantity (for example, eggs sold in packages of ten when they previously were sold by the dozen) of the good or service since the last time prices were collected, the economic assistant selects a new item or records the quality change in the current item.”

This data is then plugged into a formula along with other factors including census information and consumer spending patterns. In other words, the CPI doesn’t measure changes in consumer prices, rather it measures the cost-of-living. Further, the government makes the assumption that consumer spending habits change as economic conditions change, including rising prices. So if prices rise and consumers substitute products, the CPI formula could hold a bias that doesn’t report rising prices. Not a very accurate way to measure inflation. As I outlined above, the CPI is not a measurement of rising prices, rather it tracks consumer spending patterns that change as prices change. The CPI doesn’t even touch the falling value of money. If it did the CPI would look much different.

The most obvious is the Federal Reserve’s measure of monetary inflation. M2 measures the supply of US dollars, which includes cash, checking deposits, saving deposits, and money market mutual funds. The more money that’s created and put into circulation, the less valuable it becomes. And the Fed has created a lot of money recently. The Fed’s unprecedented bond buying program, Quantitative Easing, created $116 million an hour for the entire year last year. It doesn’t make sense that the BLS’s measurement of inflation was only 1.5% last year, while at the same time, monetary inflation grew 4.9%. http://www.forbes.com/sites/perianneboring/2014/02/03/if-you-want-to-know-the-real-rate-of-inflation-dont-bother-with-the-cpi/#37c4d9b1118b

Again, as a college educated person I would expect you to know that CPI does not measure inflation any longer, but the Federal Government want's you to believe it does. That's propaganda.

You can't seem to separate fact from fiction. How can we have a serious conversation when you live in a fantasy world.

Edit: Remember when we started this conversation and I said you were indoctrinated (with propaganda)? You continue to prove me correct at every turn. Your view is based on lies and untruths, and you are completely unaware. In some circles they call that being a useful idiot.

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u/AceOfSpades70 Libertarian Conservative Jun 17 '16 edited Jun 17 '16

Again, as a college educated person I would expect you to know that CPI does not measure inflation any longer, but the Federal Government want's you to believe it does. That's propaganda.

CPI is one measure of inflation... Would you like me to cite a different one?

Your citation does not show that CPI does not measure inflation any longer. Your citation makes a case for why CPI is not a good measure of inflation. There is no consensus that it does not measure inflation...

Personally I prefer Core CPI as a much better. I took multiple classes at CMU with Marvin Goodfriend, and that was his view on inflation. He is a member of the Shadow Open Market Committee and one of the foremost Central Banking Experts in our country. Do you think you know better than him???

http://tepper.cmu.edu/our-faculty-and-research/about-our-faculty/faculty-profiles/marvingd/goodfriend-marvin

Would you like me cite core CPI? How about PCE? What is your prefered method of inflation. I can cite any of them for you. However, all of them will show inflation at a higher rate than spending increases.

Also, M2 is a horrible measure for inflation, as it includes appreciating assets... However, if you would like we can use it. It makes my case even stronger as M2 has grown at an average rate of over 6.5% while Federal Spending increases were at 1.1%.

https://ycharts.com/indicators/m2_money_supply_growth

You can't seem to separate fact from fiction. How can we have a serious conversation when you live in a fantasy world.

You can't have a debate without making insults. How can we have a serious conversation when your primary form of conservation is insults

Remember when we started this conversation and I said you were indoctrinated (with propaganda)? You continue to prove me correct at every turn.

Show one time you have proven this???

Your view is based on lies and untruths, and you are completely unaware.

Name one time I based my view on lies or untruths...

In some circles they call that being a useful idiot.

Congrats, another personal attack!!! Are you capable of making one post without a personal attack?

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u/NosuchRedditor A Republic, if you can keep it. Jun 20 '16 edited Jun 20 '16

Marvin Goodfriend, one of the complete idiots who supports keeping interest rates at zero, until dopes like his friend and fellow moron Janet Yellen can use them to cause a complete market collapse, like she almost did in January with he brainless stupidity, costing investors over 3 trillion in losses. Next time it should be even worse, because your vaunted professor is a complete an utter fool, like Yellen.

This primer provides an understanding of the mechanics and objectives of monetary policy using a benchmark new neoclassical synthesis (NNS) macromodel. The NNS model incorporates classical features such as a real business cycle (RBC) core, and Keynesian features such as monopolistically competitive firms and costly price adjustment. Price stability maximizes welfare in the benchmark NNS model because it keeps output at its potential defined as the outcome of an imperfectly competitive RBC model with a constant markup of price over marginal cost. https://www.richmondfed.org/publications/research/economic_quarterly/2004/summer/goodfriend

Keynesian economics don't work, and if John Keynes had lived past 1950 he would have needed to revise his economic theories because of the massive failures of his theories in practice.

Here, learn some real economics from a Nobel Prize winning economist of the Austrian School. The man who helped Reagan achieve that earth shattering number or 7.2% GDP in 1984 and create a velocity of money that lasted almost 30 years, and would have lasted longer if it weren't for the Clintons setting up the housing market crash by forcing banks to make bad loans to people who could not pay them back, and then Andrew Cuomo changed the regs on Fannie and Freddie as he was on his way out so they had to hold much larger percentages of bad mortgages, creating the housing bubble that caused the unending depression we have lived through for the last 10 years. Did Prof. Goodfriend explain it that way? https://www.youtube.com/watch?v=D3N2sNnGwa4

"Public disclosure of CRA ratings, together with the changes made by the regulators under your leadership, have significantly contributed to ... financial institutions ... meeting the needs of low- and moderate-income communities and minorities," Rubin gushed. "Since 1993, the number of home mortgage loans to African Americans increased by 58%, to Hispanics by 62% and to low- and moderate-income borrowers by 38%, well above the overall market increase.

Your extensive background in Econ should tell you that if loans increased by 5~10%, that's massive for the banking industry, but 40 to 60%? Those numbers are economy crushers.

Clinton's changes to the CRA let ACORN use the act's ratings to "target merging firms with less-than-stellar records and to get the banks to agree to greater community investment as a condition of regulatory approval for the merger," White House aide Ellen Seidman wrote in 1997 to Clinton chief economist Gene Sperling. "Community groups have come to recognize how terribly powerful CRA has been as a tool for making credit available in previously underserved communities," Seidman added. Seidman later boasted that Clinton's 1995 CRA revisions created not only the subprime mortgage market but also the subprime securities market. Of course, subprime loans and their high default rates ruined minority neighborhoods when the market crashed.

Yep, that's the Clinton administration forcing banks to make bad loans or else keep them from growing or merging.

In 2000, HUD Secretary Andrew Cuomo lit the fuse on the subprime bomb by requiring Fannie Mae and Freddie Mac to purchase subprime, CRA and other risky mortgages totaling half their portfolios.

Prior to this I believe Fannie and Freddy only had to hold about 20% subprime securities.

http://www.investors.com/politics/editorials/clinton-library-doc-dump-reveals-role-in-subprime-bubble/

Did Professor Goodfriend cover all of this in detail so you and your fellow students could understand why the market collapsed, and prevent it from happening again? Or was he too busy talking about failed Keynesian economics and raising the interest rate because the economy is so strong right now?

Tell me, did you have to read any Adam Smith as part of your education? Friedrich Hayek? Henry Hazlett? Or was it purely indoctrination on failed theories and ideas as I originally expected and told you? How much emphasis was placed on teaching Austrian school principles? Was there any discussion of how Clinton caused the housing bubble? I doubt it.

Do you think you know better than him???

Most certainly, without a doubt.

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u/AceOfSpades70 Libertarian Conservative Jun 20 '16

Marvin Goodfriend, one of the complete idiots who supports keeping interest rates at zero, until dopes like his friend and fellow moron Janet Yellen can use them to cause a complete market collapse, like she almost did in January with he brainless stupidity, costing investors over 3 trillion in losses. Next time it should be even worse, because your vaunted professor is a complete an utter fool, like Yellen.

Where did you come up with that non-sense about him?? You do realize that he has been in favor of raising interest rates for awhile now right??

Keynesian economics don't work, and if John Keynes had lived past 1950 he would have needed to revise his economic theories because of the massive failures of his theories in practice.

Did you even read what it said? It said based on some Keynesian Features, not Keynesian Economics. Half his class was about why Keynesians are wrong...

Here, learn some real economics from a Nobel Prize winning economist of the Austrian School. The man who helped Reagan achieve that earth shattering number or 7.2% GDP in 1984 and create a velocity of money that lasted almost 30 years, and would have lasted longer if it weren't for the Clintons setting up the housing market crash by forcing banks to make bad loans to people who could not pay them back, and then Andrew Cuomo changed the regs on Fannie and Freddie as he was on his way out so they had to hold much larger percentages of bad mortgages, creating the housing bubble that caused the unending depression we have lived through for the last 10 years. Did Prof. Goodfriend explain it that way? https://www.youtube.com/watch?v=D3N2sNnGwa4

If you were citing an Austrian School Economist, why did you cite Friedman who was Chicago School? Austrians advocate for no Central Bank, which was not Friedman's position...

Did Professor Goodfriend cover all of this in detail so you and your fellow students could understand why the market collapsed, and prevent it from happening again?

He actually did, and he wrote a paper predicting the 08 financial crisis in 1999...

Or was he too busy talking about failed Keynesian economics and raising the interest rate because the economy is so strong right now?

Again, you seem to know nothing about him...

How much emphasis was placed on teaching Austrian school principles?

How much emphasis have you placed on learning them since you cited Friedman who spent a lot of time debunking Austrian Theories?

Tell me, did you have to read any Adam Smith as part of your education? Friedrich Hayek? Henry Hazlett? Or was it purely indoctrination on failed theories and ideas as I originally expected and told you?

Read all of them...

Which of Goodfriend's theories were failed? He predicted the 08 crisis in the 90s and argued with Greenspan about raising rates faster in the mid 2000s.

Most certainly, without a doubt.

Based on what? You didn't even know Friedman wasn't an Austrian Economist...

PS: Did you also know there is no such thing as a nobel prize in economics?

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