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Authored by: Anonymous on Wednesday, November 07 2012 @ 04:18 PM EST |
>One of the news casts last night commented that all that money wasn't
wasted, it was spent on advertising, printing, TV, lawyers... which goes back
into the economy.
Reminds me of the Tug McGraw comment on how he spent his money: "Ninety
percent I'll spend on good times, women and Irish whiskey. The other ten percent
I'll probably waste."
There are productive uses of money and unproductive uses. A fence plows money
into the economy, which gets spent on drugs, gold chains, etc.... But when a
fence pays maybe $20 for a $200 car stereo which was stolen from a car (causing
$2000 in ancilliary damage)--is that really something you'd want to encourage?
Advertising, lawyers, accountants, etc., are all "overhead"--not
actually producing something, merely controlling how something produced by
someone else can be used. Now, there's no way of eliminating overhead: but one
wants to keep it to a minimum, not boast about how much one has increased
spending in it.[ Reply to This | Parent | # ]
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Authored by: betajet on Thursday, November 08 2012 @ 03:39 PM EST |
I read yesterday a theory that all that spending on political adverts improved
the USA economy just enough (especially in battleground states) that Obama was
able to win.
[ Reply to This | Parent | # ]
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