I'm shocked....shocked to find illiteracy on the left!!
Posted on 06/08/2010 7:02:18 AM PDT by SeekAndFind
Edited on 06/08/2010 7:03:41 AM PDT by Admin Moderator. [history]
Which side is better able to understand and evaluate the choices facing America in these perilous times?
Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents' (all American adults) answers to eight survey questions about basic economics. We also asked the respondents about their political leanings: progressive/very liberal; liberal; moderate; conservative; very conservative; and libertarian.
(Excerpt) Read more at americanthinker.com ...
“The left flunks Econ 101...
I honestly think they left is not even qualified to take the class.
Should be THE Left....
“The left flunks Econ 101.”
This is news???
The problem is that these economics questions are rooted in a supply/demand system, the left only understands more normative Commie economics, where supply and demand do not matter.
...like all the genius college students who think Zero just bought new computers for them.
Liberals and “work” are mutually exclusive............
I'm shocked....shocked to find illiteracy on the left!!
Of course liberals know how the economy works. Just have high taxes and give out the “rich” people’s money.
A. Trees
B. Printing presses
C. Taxes paid by those who work, with most of that money coming from the top 10% of wage earners.
D. Obama’s stash.
gee, most of us figure that out by the time we get through the first paragraph of our first Paul Krugman column
What did they ask?
The tightwads just won't do it, the Man just wants to keep me down.
5) Third World workers working for American companies overseas are being exploited (unenlightened answer: agree).
If you have an opportunity to make your product overseas at a reduced cost, you are exploiting a labor cost advantage. The correct answer certainly could be "agree".
6) Free trade leads to unemployment (unenlightened answer: agree)
"Free Trade" leads to unemployment in one labor market, and better employment in another. The correct answer again could be "agree".
True, liberals are economic dummies, but I wouldn't be proud of this poll.
“If you have an opportunity to make your product overseas at a reduced cost, you are exploiting a labor cost advantage”
“Exploit” is a buzz word. To conservatives and libertarians it need mean nothing more than “to make productive use of,” or more simply “to utilize.” But to lefties, it is basically the equivalent of “rape.” Marx surely uses it alot, generally with a sour attitude (not that he’s ever antyhing but sour, unless it’s violently sour).
The lefty connotation has bled over into the general understanding, naturally, since lefties own respectable intellectual culture (academia, journalism, entertainment, foundations, think-tanks, etc.). That is probably why the poll assumes that definition.
E. Borrowed from the Chinese.
Actually, we’re really borrowing from ourselves. The Fed prints the money to buy a lot of our treasuries. The Chinese, Japs and Brits come in second when it comes to being our debtors.
Eventually, we’ll all find out how valuable all these paper stamped with ink really is.
“6) Free trade leads to unemployment (unenlightened answer: agree)
‘Free Trade’ leads to unemployment in one labor market, and better employment in another. The correct answer again could be ‘agree’”
I have to assume by “unemployment” they meant unemployment beyond so-called “frictional unemployment,” which at all times people usually accept as inevitable.
The government borrowing from itself.
Which is in effect devaluing the currency; More dollars chasing the same amount of goods.
The prefect recipe for hyper inflation.
The usefulness is exactly what you said.
The people have no idea what the government is doing.
When the government borrows money from itself it has the effect of a wide based tax.
The government gets to spend the new money on goods and services at the present monetary value which devalues the old money.
The difference between the old value of money and the resulting value of the money after the absorption of new money into the market is the effective tax rate of creating the new money.
The beauty of the scheme is the general population is never the wiser. Very few people pay attention to the doings of the Treasury and Federal Reserve or have any idea what their job is.
If the administration is lucky the inflation doesn’t hit until they are out of office.
With this bunch I think they have pushed their luck with the amount of money they are creating. The bomb is going to go off sooner rather than later the economy can not absorb that amount of new money.
I’d be interested in seeing the questions
>> The left flunks Econ 101 (Zogby survey shows liberals don’t have a clue how economy works)
But they know enough to be dangerous...
RE: I’d be interested in seeing the questions
The questions can be found on this site :
CLICK ON THE PDF file on the right of the page that says Download.
Exploit has always had a connotation above and beyond general use. While ‘rape’ is a little extreme, it does not simply mean ‘to use’
In many instances, yes, it mean to take advantage of, and treat someone unfairly, for lack of a better word.
However, you also have uses that simply mean to use something in a way it was not originally intended, such as to exploit a bug in the code of a game or other program.
“Exploit has always had a connotation above and beyond general use. While ‘rape’ is a little extreme, it does not simply mean ‘to use’”
It does according to my dictionary, which has as one of its definitions “to put to use; make use of.”
“In many instances, yes, it mean to take advantage of, and treat someone unfairly, for lack of a better word.
However, you also have uses that simply mean to use something in a way it was not originally intended, such as to exploit a bug in the code of a game or other program.”
There is no definition of “exploit” as using something in a way not originally intended. Your example could just as easily employ the word “utilize” as “exploit.” Nothing about the word “exploit” has anything more to do with unintended means than the word use or “utilize.”
Unless the implication is that using a bug against the programmer’s intent is wrong. But in that case, your previous definition, namely “to take advantage of, and treat someone unfairly,” would apply. Really, there are only two definitions of “exploit.” One is simply “to make use of.” The other (the one leftists use) is “to make use of unfairly for your own advantage.” Your bug example is one or the other, not its own.
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