Wow http://www.politico.com/blogs/glennthrush/0209/Did_Pelosi_get_rolled.html?showall What the eff is going on in DC?
Re: Here Is How We Vote for $800 Trillion Bizness as usual. WHERE THE FUCK is that 10 million dollars going to?
Re: Here Is How We Vote for $800 Trillion Caption: Secretary of the Treasury under the Bush Administration. barfo
Re: Here Is How We Vote for $800 Trillion I'd trust Diddy more than the Tax Cheat they have at the helm now. At least Diddy created an empire in the music business.
Re: Here Is How We Vote for $800 Trillion Would you? You'd rather than P. Diddy as Secretary of the Treasury than Timothy Geithner? That's interesting. barfo
Re: Here Is How We Vote for $800 Trillion here is a website where you can check to see where that money is going: http://www.recovery.gov/ I wonder how much of the bailout went to staffing, and building the site.
Re: Here Is How We Vote for $800 Trillion Compromise reached, DJIA in another freefall. I'd laugh if I weren't crying.
Re: Here Is How We Vote for $800 Trillion See, that's how people get fooled into spending more money. There's an entire field dedicated to behavioral economics. Richard Thaler and "The Winner's Curse" is a good start if you want to learn more about it. If you want to get people to spend more money, here's what you do: When it's a small amount of money, focus on the actual dollar increase. For example if a pencil at one store is $0.10 and the one you carry is $0.20, say "it's only $0.10 more." When it's a large amount of money, focus on the percentage increase. So, if the staff for a $1 trillion bill costs $50MM, then you say "C'mon that's only 0.005%". The real way to look at those two problems is to say, "That pencil is 100% more than the other store" and "The staff costs $50,000,000".
Re: Here Is How We Vote for $800 Trillion If the gas to get to that store costs you an extra 50 cents and your time to drive there is worth much more than 10 cents, how does saying "The pencil is 100% more at this store" help you make a rational choice?
Re: Here Is How We Vote for $800 Trillion Assume they're next door to one another. But I get your cute game. Let's also throw in opportunity cost as well, since we're just trying to be silly.
Re: Here Is How We Vote for $800 Trillion I wasn't trying to be silly. I was asking you a question, because it wasn't clear to me why you'd think of either one in percentage terms, if you're trying to make a decision. I think one should think in real costs, rather than percentage cost, all the time in order to make rational decisions. If there's no trade-off in picking one pencil over the other, one being cheaper should always be controlling, whether it's 10 cents difference or "100% difference." However, if there is some cost in going for the other pencil, then quantifying all the effects gets you to the right answer, whereas simply saying one pencil is "100% more" doesn't really help with the decision.
Re: Here Is How We Vote for $800 Trillion You missed the point, but you can continue to think about pricing anyway you wish.
Re: Here Is How We Vote for $800 Trillion I'm unsure why you're getting huffy over a topic you brought up. I was simply asking for clarification. If you're unable to clarify, that's fine.
Re: Here Is How We Vote for $800 Trillion No huffiness. Other costs had nothing to do with it. It's possible for me to tell you that you missed the point and still have my pulse rate below 60.
Re: Here Is How We Vote for $800 Trillion I was asking for a clarification, as to why we should look at small costs in percentage terms, in general. I didn't miss the point, I was inquiring about your general point, not your specific pencil example.
Re: Here Is How We Vote for $800 Trillion I like how the college scholarships went from $4,000 to $2,500 and went from having no qualifications other than being a student, to including income requirements. And by like, I mean it's a load of shit.
