Dr Dreidel: I tried very hard to watch the debate last night as a low-information voter. Not nonpartisan, but I tried to forget all the things I knew about the campaign.Romney destroyed Obama.
Angry Drunk Bureaucrat: Kind of disappointed that Obama didn't really call him out on the obvious stuff. Although the shear volume of lies would have been tough to keep up with.
TheDumbBlonde: hillbillypharmacist: TheDumbBlonde: hillbillypharmacist: TheDumbBlonde: hillbillypharmacist: TheDumbBlonde: hillbillypharmacist: TheDumbBlonde: thurstonxhowell: TheDumbBlonde: How can I tell you weren't a finance major?Because he can speak in complete sentences?No, because he is obviously does't comprehend the difference between income and profit.I believe it is the republicans who like to pretend that investment and payroll come out of profits. If that were the case, then it makes perfect sense to reduce those taxes as much as possible. Of course, it's not the case.Where do they come out of? Losses?Please tell me you are trolling.I'll admit I'm trolling when you admit you don't know the difference between a P&L and income statement."The statement of profit and loss follows a general form as seen in this example. It begins with an entry for revenue and subtracts from revenue the costs of running the business, including cost of goods sold, operating expenses, tax expense and interest expense. The bottom line (literally and figuratively) is net income (profit). "Payroll is an operating expense. It does not come out of profit.Son, expenses are subtracted from profit. Did you fail math?Not profit. Revenue.When did revenue come into this discussion?
TheDumbBlonde: How can I tell you weren't a finance major?
TheDumbBlonde: hillbillypharmacist: Angry Drunk Bureaucrat: Kind of disappointed that Obama didn't really call him out on the obvious stuff. Although the shear volume of lies would have been tough to keep up with.The one thing I wish Obama would have said (and I don't subscribe to the idea that Obama should have had an argumentative debate, it would have made him look petty to do a tit-for-tat, but...) is that he should have hit Romney on this 'taxation hurts jobs' idea. It's an easy lie that's believable by people who don't understand business and economics, and if true (which it's not) then the anti-tax ideals of Republicans are reasonable.He could have said simply: "Look, corporate taxation doesn't affect jobs. Demand affects jobs. Businesses are taxed on their profits. If they hire someone else, that money is an expense, uh, not a profit, and is deducted. Businesses hire when demand dictates no matter what the tax rate."How can I tell you weren't a finance major?
quatchi: timswar: Franken should raise hell over Romney stealing his "not entitled to your own facts" line.Especially when Romney was using it too pass off lies.Romney basically alternated between calling Obama a liar and telling lies himself all night.Admittedly with all the passionate intensity of a carnival barker/ginsu knife salesman at a local Fair.Surprised that people fell for it at all, much less in the numbers I'm seeing.Watching American media achieve "consensus" is some eye opening stuff for a simple forest dweller like myself.
The zinger about "And I've got to tell you, Governor Romney, when it comes to his own party during the course of this campaign, has not displayed that willingness to say no to some of the more extreme parts of his party." was pretty good. Likewise "And now, five weeks before the election, he's saying that his big, bold idea is, `Never mind.'"Romney didn't really zing. But in the interest of fairness, I thought Romney had some good points about Too Big to Fail.
Sorry, but that's just not -- that's just not the facts. Look, we have to have regulation on Wall Street. That's why I'd have regulation. But I wouldn't designate five banks as too big to fail and give them a blank check. That's one of the unintended consequences of Dodd-Frank. It wasn't thought through properly. We need to get rid of that provision because it's killing regional and small banks. They're getting hurt.
scarmig: So was the circus good, guys?Did it engage you?Do you feel emotionally involved in the conflict of the protagonists?Was there enough moral gray area to keep you entertained?Pepsi or Coke? Final answer.
Vodka Zombie: The proper term is "other-agitated."
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