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Thursday, November 12, 2009
Bush: "I Went Against My Free-Market Instincts"; Beware of This "Temptation"
Posted by: Greg Hengler at 3:46 PM
W's speech clocked in at 22 minutes, but I thought this was a good snippet. He was discussing his new think-tank at Southern Methodist University.



View in ascending order View in descending order
NeoConScum writes: Thursday, November, 12, 2009 4:21 PM
We Miss You Vastly, Mr.Bush..!
Your guts, clarity, love of liberty, resolute determination to protect our country from Islamist Radicalism and defeat the savages.

Mr.Beta-Male Bamster is a midget revealed. Our enemies have taken his tepid measure and our friends know they cannot trust him.

Lucky us.
Baradiel writes: Thursday, November, 12, 2009 4:37 PM
Juniper
Even with the tax cuts, the wealthiest still pay the highest in taxes.

Letting people keep their money is not a welfare program. Giving people money that was never their's to begin with is.

News flash little commie, when those evil Bush tax cuts expire, and aren't extended, we are all going to feel it.
Juniper writes: Thursday, November, 12, 2009 4:43 PM
baradoink
No, not if you consider how much they avoid with tax shelters and off-shore accounts. Don't try to work an angle on this one, 'doink, because you've already lost. Heck, just look at the WallStreet robber barons to understand how 'free market' works, and how badly Reagan, and the Bush dolts screwed us over.
DocForesight writes: Thursday, November, 12, 2009 4:50 PM
Juniper
Econ 101: Government doesn't create wealth, it can arrange the economy to provide for the greatest opportunity for anyone with initiative, a work ethic, drive and determination and a service or product that the consumer wants, to earn as much as the market will bear.

Equal opportunity but not equal results.

Government can also handcuff and squelch the producers by punitive regulations, excessive taxes on their labor and micro-managing the economy under the guise of "fairness".

My guess is, if you don't already earn in the top 1% you probably aspire to. Even the top 5%. And when you reach that, you would gladly fork over 50% of your earnings?
NOTW writes: Thursday, November, 12, 2009 4:51 PM
Baradiel
As a newbie here, there is one rule of thumb worth following;

Don't feed the Trolls.

You'd be better off not engaging the posts. It will quickly turn into hatred from the troll, and she'll feel relevant and continue to spew.
Bea writes: Thursday, November, 12, 2009 4:58 PM
Thank You President Bush (43) For...
...finally deciding NOT TO REMAIN SILENT. We need your voice! Your silence is no longer warranted, in this instance, since BO has traversed vs. totally breached the bounds of protocol vs. respect when he, after 10+ months of his presidency, is still whining in a high-pitched, piercing squeal....that EVERYTHING HE PERSONALLY HAS ADVERSELY implemented, imposed and literally FOISTED UPON THE AMERICAN PEOPLE...is/areall your fault.

Please, from this day forth, continue to voice your opinions and concerns regarding the possible, eventual demise of freedom/liberty in the United States Of America.

"We The People" know how much you love this Country and our Troops. Please do not STAY SILENT!!!! The times necessitate and justify your input.

Help the American people realize and recognize the detrimental aspects of BO's policies if permanently imposed.

Baradiel writes: Thursday, November, 12, 2009 5:05 PM
Juniper
"baradoink
No, not if you consider how much they avoid with tax shelters and off-shore accounts. Don't try to work an angle on this one, 'doink, because you've already lost. Heck, just look at the WallStreet robber barons to understand how 'free market' works, and how badly Reagan, and the Bush dolts screwed us over."

No, they still pay more than others, this is a fact you can't refute. Why do you think wealthy business leaders are leaving tax heavy states like New York and Jersey?

Reagan didn't screw us over, he created an era of wealth and economic growth. Bush screwed us only in that he gave into liberal temptations to ignore free market principles, and of course your boy king is doing that in spades.
Baradiel writes: Thursday, November, 12, 2009 5:37 PM
Juniper
"Because they're greedy asshats. Increasing inequality in the U.S., the richest 1% of Americans "garnered the highest share of the nation's adjusted gross income for two decades, and possibly the highest since 1929, according to Internal Revenue Service data". Meanwhile, the average tax rate of the wealthiest 1% fell to its lowest level in at least 18 years. The group's share of the tax burden has risen, though not as quickly as its share of income."

Its greedy to enjoy the fruits of your labor?

Do yourself a favor, and look up the percentage of tax revenue the wealthiest 1 percent pay and get back to me.
Baradiel writes: Thursday, November, 12, 2009 5:38 PM
Juniper
"So ask yourself this: after taxpayer's paid $1.2 trillion to gift the wealthiest in the Bush tax cuts, where was the 'trickle down' from that? Instead of scrutinizing the Bush kick in the you-know-whats to the other 99%, clowns like you instead whine about the poor upper crust who USED to share their wealth with higher tax rates - something we've seen personally that they will NEVER do unless forced by law."

We had economic growth and low enemployment, thats how it trickled down, then, because banks had been forced to give loans they had no business giving loans to, the housing bubble burst because the loans couldn't be repaid.
Baradiel writes: Thursday, November, 12, 2009 5:42 PM
Juniper
"So much for the greediest asshats among us patriotically "giving back" and paying the relative amount they owe compared to what the rest of us pay, eh, asshat?"

Basically, what I get out of this rant, is that you are jealous.

I find myself actually typing this slow in the hope that you read this slowly, rich people pay more in taxes. Even if there was a flat tax, say, for the sake of argument, 15 percent. Do the math, 15 percent of 500,000 is more than 15 percent of 30,000.

Let me ask you something. If you hit it rich, you come up with some idea that makes you millions, will you willingly overpay your taxes, since you seem to think it is your patriotic duty to?
Bob Munck writes: Thursday, November, 12, 2009 6:02 PM
DocForesight 4:50 PM
"Econ 101: Government doesn't create wealth"

Sure they do. Simple example: you win the lottery. The government has taken several dollars from each of several million people, given it all to you. You're wealthy, and the government created the mechanism by which it happened.
Baradiel writes: Thursday, November, 12, 2009 6:04 PM
Bob Munck
"Sure they do. Simple example: you win the lottery. The government has taken several dollars from each of several million people, given it all to you. You're wealthy, and the government created the mechanism by which it happened."

Yes, because that creates sustainable wealth and job growth.
Riders on the Storm writes: Thursday, November, 12, 2009 6:06 PM
Looks like Rachel/Raelei/Kimberly
etc, etc has a new screen name. Juniper? Will you go through all the evergreen plants now in your quest to get around the TH ban? LOL.

Poor W.! How will he salvage his legacy?
colt.45 writes: Thursday, November, 12, 2009 6:10 PM
Glad To See,,,,,
George Bush surfice today.I didn't agree with a lot of what he did but you contrast Bush with Obama and the difference is like night and day.The difference between a man and a boy.After all the juvenile Bush bashing by Obama,George Bush showed dignity and humility.

A twenty two minute speech by Bush showed what a train wreck Obama's czarist administration has led this country into in ten months.And he didn't personnaly attack the man once.
Riders on the Storm writes: Thursday, November, 12, 2009 6:10 PM
Bob Munck and Baradiel
"Sure they do. Simple example: you win the lottery. The government has taken several dollars from each of several million people, given it all to you. You're wealthy, and the government created the mechanism by which it happened."

What did the government create in this scenario? It merely redistributed money that foolish people gave away.
Dose of Reality writes: Thursday, November, 12, 2009 6:19 PM
Welfare?
How can anyone ever have an intelligent debate with someone that thinks letting people KEEP more of THEIR money that THEY EARNED is welfare and GIVING money when exempting half the workers in America from paying ANY FEDERAL INCOME TAXES AT ALL would be closer to the actual definition of welfare.

I never got a job from a person that had no federal income tax liability....

To steal rachel's term and call these people asshats would be an insult to asshats....
NOTW writes: Thursday, November, 12, 2009 6:22 PM
Munck
So what are the odds of that lotto?

And what about the other 330,162,270 people?

What are they going to do?

Oh wait, thats were Hope and Change come into play. I get it. You gather enough Change for a lotto and Hope you win. Dang, I knew I should have voted for that plan!


Baradiel writes: Thursday, November, 12, 2009 6:23 PM
Riders on the Storm
I was being sarcastic. You are absolutely right.
Bob Munck writes: Thursday, November, 12, 2009 6:28 PM
Riders on the Storm 6:10 PM
"It merely redistributed money that foolish people gave away."

That's true of all wealth generation. Bill Gates (who was flat broke when he started MS, btw.) made a lot of people into millionaires by redistributing money from people foolish enough to buy his products to himself and his employees. Later he did the same with people foolish enough to buy his stock.

Gates created a HUGE amount of wealth, despite the fact that he didn't start out wealthy himself. Wealthy people don't create wealth; smart, aggressive, lucky people do, often with the help of the government.
Baradiel writes: Thursday, November, 12, 2009 6:35 PM
Bob Munck
"Gates created a HUGE amount of wealth, despite the fact that he didn't start out wealthy himself. Wealthy people don't create wealth; smart, aggressive, lucky people do, often with the help of the government."

I think you miss the point. His wealth made other people wealthy. His success generated wealth for other people as well. Employees, companies that were able to run more efficiantly using his products, students able to study better, it helped open up the market for all sorts of internet businesses that wouldn't exist today.

Wealthy people make other people wealthy. It doesn't matter if they are actually using it in their business, or just spending it on themselves.
Bob Munck writes: Thursday, November, 12, 2009 6:54 PM
Baradiel 6:35 PM
"I think you miss the point. His wealth made other people wealthy."

No, Gates made a bunch of people wealthy while he himself was becoming wealthy, not afterward. Here's a picture of the original company: http://tinyurl.com/ydo7wgn

The guy in the middle of the top row, Bob Wallace, was a former student and good friend of mine; he told me a lot about their early struggles back when none of them, Gates and Allen included, had any money.

Gates' intelligence and drive made other people wealthy.

"Wealthy people make other people wealthy."

But only to a trivial extent compared to the level at which POOR people make other people wealthy. Sam Walton got rich on the money that poor people spent. Name someone who became a billionaire selling yachts or mansions to rich people.
NOTW writes: Thursday, November, 12, 2009 6:55 PM
Munck
Don't forget all those wealthy people Bill helped create in turn spent their wealth on goods, services, new homes. And it all trickled down...without the help of

GO back to BHOs 144 page budget report back in last spring where he 'explained' his philoshy; a couple of graphs in the first 15 pages, one showing top % wealth, and another showing mid-income. In order to make "his" point (or whoever is behind the curtain), they showed different timelines. But to those that understood, there was a clear correlation of trickle down that benefited the middle class depsite his arguement there was none... I guess thats the games you must play though in order to make people think you're telling the truth.

They'll be sending me to a 'camp' soon to get re-educated so I wont screw up 'the plan.' is Lib Camp anything like Band Camp?
NeoConScum writes: Thursday, November, 12, 2009 7:01 PM
Always Morbidly Fascinating To See
the ease with which squalid, need-driven trolls can turn any thread into their very own chat room. All it takes is one or more righties to toss Miracle Grow on their endless-bottomless appetites for attention and they proper and suck all space and life off a thread.

Human Nature works in favor of the Left-Sewer Dwellers, as they well know that the temptation to respond to their swill will bear fruit every time.
NOTW writes: Thursday, November, 12, 2009 7:04 PM
Angel Investors
Munck,
Angel Investors (or should we call them pixiedust investors) are generally wealthy and invest in other peoples ideas that eventually make them wealthy.

Sir Richard Branson has done so in over 700 companies. I imagine so of those people will become wealthy.

Developers that are responsible for creating high end Residential units all over the nation, to answer your last Q to Baradiel.
NOTW writes: Thursday, November, 12, 2009 7:07 PM
Atlas Shrugged
Munck, Your arguments are starting to border on support for the Hero in Shrugged. Careful. You may become a conservative.
Baradiel writes: Thursday, November, 12, 2009 7:10 PM
Bob
"No, Gates made a bunch of people wealthy while he himself was becoming wealthy, not afterward. Here's a picture of the original company: http://tinyurl.com/ydo7wgn"

Exactly, the act of creating wealth for himself, and once wealthy, he continued to generate wealth.

"But only to a trivial extent compared to the level at which POOR people make other people wealthy. Sam Walton got rich on the money that poor people spent. Name someone who became a billionaire selling yachts or mansions to rich people."

Companies that make yachts and private jets etc are partially owned by billionares.
Bob Munck writes: Thursday, November, 12, 2009 7:27 PM
NOTW 7:04 PM
"Angel Investors (or should we call them pixiedust investors) are generally wealthy and invest in other peoples ideas that eventually make them wealthy."

True. And the single largest one of them is the Small Business Administration, an agency of the U.S. government.

"Sir Richard Branson has done so in over 700 companies. I imagine so of those people will become wealthy."

The SBA has done so in over 20 million companies. That's 28,000 times as many as Branson. It's not the only government source of such funding.

"Developers that are responsible for creating high end Residential units all over the nation, to answer your last Q to Baradiel."

Name one of them who is a billionaire. (Hint: Robert and Bruce Toll are NOT.)
Bob Munck writes: Thursday, November, 12, 2009 7:36 PM
Baradiel 7:10 PM
"Companies that make yachts and private jets etc are partially owned by billionares."

You're dodging the issue. Name someone who BECAME a billionaire by making yachts or private jets. You claimed, after all, that the wealthy people buying them are CREATING wealth, not just moving it around and sustaining it.

The original claim was that "government doesn't create wealth." I said that that was false, and gave an example. No one has even tried to argue with me on that, yet you'll all undoubtedly repeat that stupid wingnut meme in the future.
Careful with that axe, Eugene writes: Thursday, November, 12, 2009 7:38 PM
Bush- Still retarded.
And I voted for him twice.

NOTW writes: Thursday, November, 12, 2009 7:49 PM
Munck
Donald Bren of the Irvine Co. His feet hardly touch the ground (helicopters in everyday to the penthouse... (You only said name one).

How many SBA loaned companies hit it big? I don't know either, but S does stand for "small". And they don't tend to lend the $$ needed for Big ideas that take years to gestate. They usually expect you to pay your loan back in a timely manner.
Baradiel writes: Thursday, November, 12, 2009 7:55 PM
Munck
"You're dodging the issue. Name someone who BECAME a billionaire by making yachts or private jets. You claimed, after all, that the wealthy people buying them are CREATING wealth, not just moving it around and sustaining it"

What issue did I dodge? The more people who are wealthy, and thus buying more yachts, are making people in that industry more wealthy and creating new jobs, as those companies will be forced to hire more workers to build them. Did I say they always make people billionares, no, but they generate wealth.
Baradiel writes: Thursday, November, 12, 2009 7:59 PM
Munck
"The original claim was that "government doesn't create wealth." I said that that was false, and gave an example. No one has even tried to argue with me on that, yet you'll all undoubtedly repeat that stupid wingnut meme in the future."

Ok, let us rephrase, Government doesn't create sustainable, dependable wealth. It doesn't generate sustainable economic growth, it has to take money in order to do anything. Sorry you are so dense to get this.
Baradiel writes: Thursday, November, 12, 2009 8:02 PM
Careful-Eugene
"Bush- Still retarded.
And I voted for him twice"

What was retarded about that clip?
Bob Munck writes: Thursday, November, 12, 2009 8:04 PM
NOTW 7:49 PM
"Donald Bren of the Irvine Co."

Bren's a real estate developer; he got rich building ordinary houses and commercial properties for ordinary people, not mansions for the wealthy.

"How many SBA loaned companies hit it big? I don't know either, but S does stand for "small".

How many of Richard Branson's 700 companies -- your example -- were LARGE at the time he funded them? I'm betting approximately none.
NOTW writes: Thursday, November, 12, 2009 8:13 PM
Munck
to your earlier comment;

"But only to a trivial extent compared to the level at which POOR people make other people wealthy. Sam Walton got rich on the money that poor people spent."

To that you are showing an example of John Galts (Ayn Rand) philosophy;

"I work for nothing but my own profit—which I make by selling a product they need to men who are willing and able to buy it. . . . we deal as equals by mutual consent to mutual advantage and I am proud of every penny I have earned in this manner.”

Poor people don't make other people rich, they pay for something they find of value or need. If you cannot fill that need, you don't become rich.
Careful with that axe, Eugene writes: Thursday, November, 12, 2009 8:18 PM
Baradull
"What was retarded about that clip?"

Me- that the free market is good for anyone but the capitalists.
NOTW writes: Thursday, November, 12, 2009 8:30 PM
Munck?
Right...welcome to my Neighborhood.

Come visit Newport Coast and hang with infamous neighbors like Kobe, Dean Koontz, or Babs Streisand, and the countless under the radar wealthy. Come shop at Facist (Fashion) Island where the rent prohibits all but the high end stores to exist ( and you can regularly run into the above mentioned). Come play a round of golf at Pelican Hills lined with expensive cottage rentals that you cannot afford. Visit the City of Irvine where new Tract Homes cost a million dollars plus. Visit Sand Canyon where just the Lot to build your home costs 3-7 million.

Don may have made the first millions off simple land development. The Rich pushed him over the Billion mark. You forget (or don't care), I'm an architect by career. These are the clients that pay me well. Welcome to my Neighborhood...

Bob Munck writes: Thursday, November, 12, 2009 9:04 PM
NOTW 8:13 PM
"To that you are showing an example of John Galts (Ayn Rand) philosophy;"

Do you actually think that Rand INVENTED those ideas in 1943? She couldn't even manage to state them coherently.

You said: "Poor people don't make other people rich"

Then you said: "they pay for something they find of value or need" as if that proved it. In fact, poor people make other people rich BY PAYING FOR THINGS THEY NEED.

"we deal as equals by mutual consent to mutual advantage"

Do you really think that the Walton family is "dealing as equals" with the people to whom they sell shoddy Chinese-made goods? Are those customers there by "mutual consent," or is it because they can't afford anything else?
Bob Munck writes: Thursday, November, 12, 2009 9:37 PM
NOTW 8:30 PM
"Right...welcome to my Neighborhood."

Not a strong argument for me. I live in Virginia Horse Country, also a fairly ritzy area. Robert Duvall's ranch is just down the road, and is one of the smaller properties in the area. His neighbors are actually wealthy, not merely actor-wealthy.

"Come visit Newport Coast and hang with infamous neighbors like Kobe, Dean Koontz, or Babs Streisand"

Are you claiming that Donald Bren built their houses, and that's how he got rich? Or that his fortune is based on the purchases of the upper 1% at the Fashion Island McDonald's? (upper level food court).

You seem to be confusing celebrity with wealth. You have to go pretty far down the list of the world's richest people to find a performer or athlete, and then it's Oprah.

"You forget (or don't care), I'm an architect by career."

So you keep insisting. I've seen no reason to believe it. You don't seem to understand the housing industry, for example.

"Come play a round of golf at Pelican Hills lined with expensive cottage rentals that you cannot afford."

I don't play golf, despite living on a golf course. However, you shouldn't be so certain about what I can and cannot afford.
DocForesight writes: Thursday, November, 12, 2009 10:07 PM
Munck
I really don't get your take on economics. You "live in Virginia Horse Country" and name-drop without hesitation; you appear to have a sound mind (at least you don't resort to "@sshat" retorts at the first hint of a substantive debate).

Yet, you come across as being reflexively anti-free market capitalism in spite of the evidence that lends credence that no other system has created as much wealth and conveniences in history. What gives?
Bob Munck writes: Thursday, November, 12, 2009 10:34 PM
DocForesight 10:07 PM
"Yet, you come across as being reflexively anti-free market capitalism"

Capitalism is a very powerful tool, but uncontrolled, unregulated capitalism has come close to destroying our country twice in the last 100 years, most recently just last year. "Free market" and "laissez-faire" capitalism are usually assumed to mean "unregulated," a simplistic, un-nuanced approach that I am against, possibly reflexively.

Capitalism, left to its own devices, is mostly blind to many ethical and moral considerations, including things like the sanctity of sentient life and the dignity of the individual. It encourages the short-term at the expense of the long-term.

"in spite of the evidence that lends credence that no other system has created as much wealth and conveniences in history."

I know of no such evidence. Science and technology have created the great majority of the world's wealth, sometimes with the help of capitalism and sometimes despite capitalism's resistance.
NOTW writes: Thursday, November, 12, 2009 11:39 PM
Munck
You are Funny.

Are you claiming that Donald Bren built their houses, and that's how he got rich?

No, he sold them the dirt for 3 to 7 million. Hundreds of lots at that price. Thousands more in the the 500k to 2 million.You dont get that some houses are sitting on 40 x 100 and worth 10 million. You got houses sitting on acres (70 miles away for us, not at the beach).

Yes, you gotta keep the rich kids happy with Happy Meals while they stroll around in $500 of clothes. Funny about that Food Court (about to commit a capitolist fatwa), Just past Mickey Ds and the other crap food is an architecural tower is secret stash up the back stairs. The private table for a great California sunset, some cigars and wine. Its a cool view. (its good to be the king). Check it out on Google Earth.

Funny you mention McDonalds. Joan Kroc is a real estate billionare. The money isnt in the Big Macs, its in the the land owned in many corners. And some locations, just good PR, even if they are money losers.

Capitolsim 101 Munck. You know you need it to fund your retirement investments. And no you dont play golf. You dont have a competetive mind when it comes to sport? Its apparent in your writings, but maybe I am offbase?




Bob Munck writes: Friday, November, 13, 2009 12:14 AM
NOTW 11:39 PM
"No, he sold them the dirt for 3 to 7 million."

Bren sold those celebrities -- Kobe, Koontz, Streisand -- the land on which their houses are built? I doubt it.

"Hundreds of lots at that price. Thousands more in the the 500k to 2 million.You dont get that some houses are sitting on 40 x 100 and worth 10 million. You got houses sitting on acres (70 miles away for us, not at the beach)."

I'm unable to decode or parse that paragraph. English, please. Likewise the word salad paragraph about Happy Meals.

"Funny you mention McDonalds. Joan Kroc is a real estate billionare."

So what?

"Capitolsim 101 Munck. You know you need it to fund your retirement investments."

I'm long retired, and my investments are doing just fine.

"And no you dont play golf. You dont have a competetive mind when it comes to sport?"

All-state defensive guard, second team all-state offensive tackle; state champion wrestler, heavyweight class; university league champion wrestler, heavyweight.
arch writes: Friday, November, 13, 2009 12:21 AM
Bob Munck. What happened to you?
Bob Munck writes: Friday, November, 13, 2009 12:14 AM
All-state defensive guard, second team all-state offensive tackle; state champion wrestler, heavyweight class; university league champion wrestler, heavyweight.

Arch says

Bob. If you were all those things, what happened to you? Why are you now a lib moron with no competitive bone in your constitution? Was it the influence of the idiot libs that duped you into being a parasite and loser lib?
NOTW writes: Friday, November, 13, 2009 12:51 AM
Munck
You cannot parse that? What are you in the 3rd grade...I shall attach $ and SF to the data. and...Talk VEERRRYYYYY SLLLLOOOOOWLLLYYY

There are Hundred of Lots Bren developed and sold in the Newport Coast and SandCanyon developments this decade. There may be as many as 2000 Lots like that. Never bothered to count until a nonbeliever like you got rattled.

Lets do some RE math...

$3-7 million a lot,given view lots, probably a median of 4 million x 1000 (half is conservative) is 4 Billion.

another 5,000 to 10,000 lots valued at $750k median (no kidding its that expensive to live in here, 20 million peeps crammed into the so cal hood). Another $3 to 7 Billion in revenue. All in this decade. And thats only a third the story. Doesnt include all the lower cost homes or the mega shopping centers like the Spectrum.

Anything you need to ask about design, be it urban planning or seismic stresses, just ask. If you're sincere, you'll get an honest answer. On the otherhand, if you want to spend your life being a weak individual instead of a team player, its a free country.

Is that the school bell?
NOTW writes: Friday, November, 13, 2009 1:14 AM
Arch
Coming from a bike racing life...What did happen to Munck then?

Part of cycling, and life, is going uphill. You never lose that kind of fortitude, unless you get lost.
Bob Munck writes: Friday, November, 13, 2009 1:24 AM
NOTW 12:51 AM
"There may be as many as 2000 Lots like that. ... Lets do some RE math."

You mentioned three names explicitly. Show us that Bren sold THEM their building lots, when and for how much. Guesses by someone who doesn't seem to know much don't impress me, any more than your claims to be an "architect." Show us how Bren became a billionaire by selling building lots to the wealthy. He made his fortune in the 1970's and 80's; don't give us inflated figures from twenty years later.

And think about it; do you really want to base your entire thesis on So. California real estate, one of the great empty shell Ponzi schemes in history? We've all seen the pictures of houses, developments, shops, business campuses, entire malls sitting abandoned and vacant.
arch writes: Friday, November, 13, 2009 1:28 AM
NOTW
NOTW writes: Friday, November, 13, 2009 1:14 AM
Arch
Coming from a bike racing life...What did happen to Munck then?

Part of cycling, and life, is going uphill. You never lose that kind of fortitude, unless you get lost.

Arch says

I was a high school football quarterback, basketball guard, and pole vaulter. I was a walk on at the University of Iowa and made the track team but only progressed to JV. There were guys making over 16 feet that I could not beat but I gave it a good try. I never once decided to give it all up and become a parasite lib like Bob Munck. He is not very smart as he admits in his postings. You and I both know that, NOTW!
arch writes: Friday, November, 13, 2009 1:34 AM
Bob Munck. Not to bright is he?
Bob Munck writes: Friday, November, 13, 2009 1:24 AM
We've all seen the pictures of houses, developments, shops, business campuses, entire malls sitting abandoned and vacant.

Arch says

Nice fact Bob. Do you realize that libs have run the congress in California so long that the state is not only bankrupt, but the economy is suffering as a result? No. You are not able to discern the fact that they have been practicing your philosophy and have failed miserably. You just are not too bright! Are you Bob Munck?
NOTW writes: Friday, November, 13, 2009 2:48 AM
Munck
I mentioned 3 antecdotalily. How much time do I have to mention 100s lets alone thousands? Noone is paying me to be here. I need to rely on you ability to extrapolate ideas. I have spaces to design, and tons of beaucracy to get through.

btw, my liberal PBS KCET just did a piece on the failings (and money scam) of FEMA to label people in So Cal deserts as flood plains this June. They lost 20% value and now have to pay for $1500 to $2500 in BS flood insurance for a govt assesment of a less than 1% chance of getting a foot of water in ther house. And you gotta love the random stopping points at the same elevation and water going uphill on the maps everywhere.

Yeah, the govt helps create wealth? It also sucks it out of the struggling South Central LA folk trying to get by. They are the Left. And Congress is screwing them.

One Size Fits All. Thanks to people like Princess Pelosi, and you that believe in her.
The Plumber writes: Friday, November, 13, 2009 9:02 AM
Government doesn't create wealth
In fact, the private-sector service economy doesn't create wealth either. The service-sector merely shifts already existing wealth.

A US accountant may do the books for a Spanish solar panel manufacturer. The Spanish company pays the accountant for services rendered. Though the wealth that is coming into the US through the service provided by accountant was previously non-existent in the US, the wealth itself was created by the solar panel manufacturer, not the accountant.

The same goes for the clerk at the 7-11 who sells gas and a Coke to the accountant. The sale of the gas and soda represents wealth creation to the mfgr of gas and Coke, but the clerk is merely the facilitator of the transaction. In this case, the wealth used for the purchase of gas and Coke was actually created by the solar panel company.

Only through manufacturing/farming is wealth created. For instance, $.01 worth of raw materials can create a $10 drinking glass, or one pound of wheat seeds can create 50 lbs of wheat.

Government, when it socializes a manufacturer, can indeed create wealth. However, there is no incentive for government to be efficient (no competition), therefore they must sell their product for a price far below what it costs to produce. In the private sector, any company which does this will quickly cease to exist.

Or the govt can force people to purchase the product, regardless the cost. Health insurance, for instance.
NOTW writes: Friday, November, 13, 2009 10:40 AM
Munck
Just doing what you do best...being a closed minded idiot, pushing buttons and not getting the big picture. Somehow I overjudged your cognitive abilities. Thought your were a Math and Science guy?

Welcome to the neighborhood. Come for a visit. I will buy you a drink and take you on a tour. You can even see some of my old projects.

http://images.google.com/images?sourceid=navclient&rlz=1T4S NYR_en___US329&q=newport+coast&um=1&ie=UTF-8&ei=hHz9SrO7MYK utQPj1-HFDA&sa=X&oi=image_result_group&ct=title&resnum=4&ve d=0CBwQsAQwAw

Yeah, all this had nothing to do with Bren becoming more wealthy...
Bob Munck writes: Friday, November, 13, 2009 11:19 AM
NOTW 2:48 AM
"I mentioned 3 antecdotalily. How much time do I have to mention 100s"

No, no, just those three. You claimed that people can become wealthy by selling mansions to wealthy people, and gave Bren selling to Kobe, Koontz, and Streisand as an example of that. Now show us that he did indeed do that, and that it was part of the way he became rich.

You actually think linking to pictures of expensive properties proves your claim?

"Yeah, all this had nothing to do with Bren becoming more wealthy."

Not "more" wealthy; you claimed it was the way he became wealthy in the first place. Now back it up. Just those three people.
NOTW writes: Saturday, November, 14, 2009 10:20 PM
Munck
"like Kobe, Dean Koontz, or Babs Streisand, and the countless under the radar wealthy."

Countless wealthy is a figure of speech to mean the masses in the hood. You keep leaving off the last part of the statement to make your point. Why? If you are confused, I can give you a more finite number to process in Fortran.

As for the rest of your needing proof? Why? Your mind is always made up once you decide what is true. I live here and know my area well. This County has higher GDP than some states. Many of the top 1% live in his domain. Bren has profitted well from them. Its that simple. You prove me wrong with something more than finding a happy meal.

Btw, The Govt that is so big to give out all those SBA loans, is the same Govt so big they are making people pay them flood insurance in the desert thanks to FEMA. See 2:48 am. So nice of Congress to treat its people like that.

Off to McDonalds at that crappy mall, want a Big Mac? (that would be a joke mr no humor).

Bob Munck writes: Saturday, November, 14, 2009 10:57 PM
NOTW 10:20 PM
"Countless wealthy is a figure of speech to mean the masses in the hood."

So you were lying about Kobe, Koontz, and Streisand?

"This County has higher GDP than some states"

What, Orange County? It's like 83rd on the list of the richest US counties. I've lived in four counties that are higher on the list: Fairfax VA, Middlesex MA, Chester PA, and (currently) Prince William VA. Having a higher GDP than North Dakota is nothing to be proud of; we have housing developments that manage that.
NOTW writes: Saturday, November, 14, 2009 11:37 PM
Munck?
Huh? How do you derive lying from that. Others means others aside from the 3 mentioned. Dense? Or just a Pr-ck?

I didnt say richest. I said GDP output for the county. The 1% live in about 3 or 4 zip codes, and Bren owns it.And the smart wealth is corporate protected in Nevada (NV doesnt like the IRS and wont tell them anything).It doesnt show up here officially. Just playing by the rules.

Try and find an Obama Sticker in Newport. Its like Pixie Dust here. I did see 2 new DB9s on the ride this morning. That is a nice ride.
Bob Munck writes: Sunday, November, 15, 2009 12:01 AM
NOTW 11:37 PM
"Others means others aside from the 3 mentioned."

"and countless others" means IN ADDITION to the three mentioned. You may be unclear on what "and" means.

So were you lying about the three?
Bob Munck writes: Sunday, November, 15, 2009 12:10 AM
NOTW 11:37 PM
"I didnt say richest. I said GDP output for the county."

So? LA County has about three times the "GDP" of Orange County.
NOTW writes: Sunday, November, 15, 2009 12:16 AM
Munck.
No. All 3 have live there. Babs may have sold her house? Its been a long time and I really dont give a sh-t about stardom.

Since you keep thinking its all surreal, about one of the pixie dust in question... Koontz bought 4 lots and built a 48,000 sf compound. It was going to be 64k sf. but he downsized. Brion Jeannette was the Architect. A client/friend did the concrete work. 3000 amps and its own cooling tower, for one house. You would have enjoyed the visit.

3 + numerous (synonym for countless)= many more.

That should at least be a Pascal programming entry. Remember that one?
Bob Munck writes: Sunday, November, 15, 2009 1:23 AM
NOTW 12:16 AM
"No. All 3 have live there."

And bought their land from Bren? Can you give some verification of that?

"I really dont give a sh-t about stardom."

Then why do you keep talking about Hollywood stars?

"Koontz bought 4 lots and built a 48,000 sf compound."

That would be on the small side in a place like Newport RI, but of course the houses there are only summer cottages.

"3000 amps and its own cooling tower, for one house"

That doesn't sound very impressive. As a kid I worked on a drill rig one summer. We spent a couple of weeks drilling a water well and installing pumps on one of the du Pont estates, for a backup supply of cooling water for the greenhouses. It had a 2,000 amp electrical panel.

People like the du Ponts, the Vanderbilts, the Astors, etc. were REALLY rich, not just hollywood-rich. Marble House contains 500,000 cubic feet of marble (hence the name).
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