November 11, 201510 yr @nycsouthpaw: Carson: The U.S. became the world's largest economic power between 1776-1876 because we had an atmosphere that encouraged entrepreneurship.
November 11, 201510 yr Author Yeah, slavery did encourage entrepreneurs to pop up. He got that one right.
November 11, 201510 yr Income statement from 1804: Cotton revenue : $100,000 Cost of Goods: $10,000 Equipment: $5,000 Labor: SLAVERY Gross Profit :$85,000 Business wizards!
November 11, 201510 yr Yeah, slavery did encourage entrepreneurs to pop up. He got that one right. Kinda like the "no federal government experience for Declaration signers" thing. Technically, he's correct.
November 11, 201510 yr Author Income statement from 1804: Cotton revenue : $100,000 Cost of Goods: $10,000 Equipment: $5,000 Labor: SLAVERY Gross Profit :$85,000 Business wizards! Man, I'd have been rich. Oh...wait.....okay. Maybe not.
November 11, 201510 yr @nycsouthpaw: Carson: The U.S. became the world's largest economic power between 1776-1876 because we had an atmosphere that encouraged entrepreneurship. This actually wasn't even close to a dumb comment. The lack of regulation on factories in North is a big factor in the Industrial revolution. I get we are trying to make everything he says a gotcha comment now. But this one is a terrible attempt.
November 11, 201510 yr Author I mean this was a very bad gotcha attempt. Not really. His inability to explain his comments in depth is the problem. It's a good thing there are people who want to defend him and know how to translate Carson-speak.
November 11, 201510 yr Not really. His inability to explain his comments in depth is the problem. It's a good thing there are people who want to defend him and know how to translate Carson-speak. I do find him hard to follow on economic points. His "big bank" answer last night not only had me confused but also Cavuto.
November 11, 201510 yr Income statement from 1804: Cotton revenue : $100,000 Cost of Goods: $10,000 Equipment: $5,000 Labor: SLAVERY Gross Profit :$85,000 Business wizards! 'SLAVERY' does not equal zero. Still the 'owner' has the cost of acquiring the slave, feeding the slave, housing the slave, providing medical care, etc. As for the 'benefits' slaves got - free housing, free food, free medical....
November 11, 201510 yr 'SLAVERY' does not equal zero. Still the 'owner' has the cost of acquiring the slave, feeding the slave, housing the slave, providing medical care, etc. As for the 'benefits' slaves got - free housing, free food, free medical.... What a deal!
November 11, 201510 yr 'SLAVERY' does not equal zero. Still the 'owner' has the cost of acquiring the slave, feeding the slave, housing the slave, providing medical care, etc. As for the 'benefits' slaves got - free housing, free food, free medical.... don't forget the free attitude adjustments...
November 11, 201510 yr Not really. His inability to explain his comments in depth is the problem. It's a good thing there are people who want to defend him and know how to translate Carson-speak. It's basically an economic fact that the two leading causes of the Industrial revolution was one innovation and inventions and two the minimal federal government regulations and red tape. I suggest anyone who doubts this do a little research on the amount of regulations and red tape a new small business has to go through today compared to even 50 years ago.
November 11, 201510 yr don't forget the free attitude adjustments... Oh yes, forgot about the 'motivational' cost elements....whips, shackles, etc... I hope everyone has their sarcasm glasses on for these...
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