Thread: American Politics
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09-29-22 16:58 #10402
Posts: 3160Originally Posted by Tiny12 [View Original Post]
Eih stayed long the market even when the Fed was tightening rates. I went short, and the reason is the Fed said they were raising rates. If you watch CNBC, 75% of the discussion there is what is the Fed going to do. It is an economic law that if the Fed raises rates, the overall stock market will go down, and the Fed has been saying literally every week in the clearest language possible, they are raising rates. Hell, one Fed governor even said "good" after the stock market went down.
Eih and I got into about investing and he bragged about his wealth and how smart he was which I avoid like hell. The last thing I want to hear about is why you were right (or more likely lucky) in the past. I do not care that much about track records. Make your case for today. His case was Biden is president. When the Nasdaq was down 20%, he refused to say there was a bear market because the NASDAQ was not a real index; only the S&P 500 is. Of course, the S&P 500 is now in bear territory too.
Looking forward, I think there is still carnage in the market to follow. You do not see the full effect of interest rate hikes for 12 months. The IPO market is totally shut down, the yield curve is badly inverted, capital is drying up, and finally we are seeing some slowdown in demand, and that is going to get much, much worse. The dollar's strength is another huge headwind for the market going forward.
If you get a chance, Tiny, check this out, https://www.youtube.com/watch?v=UA-jOLF2T4c.
This guy Peter Zeihan gives out information I have not seen elsewhere. He makes a compelling case for why Texas is going to be the best place for world growth in the coming decades. In my mind, the USA enters a recession and the rest of the world a depression in the next year.
Why? Well, some people really thought you can just shut down world production for two years, print a bunch of money, and everything is going to be fine. Yeesh. The economic effects of the pandemic have just been delayed.
And if you read what Eih wrote, you will see the pandemic was Trump's fault too.
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09-29-22 04:55 #10401
Posts: 1680P.s
Originally Posted by Tiny12 [View Original Post]
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09-29-22 04:17 #10400
Posts: 5385Details don't reallly matter very much on some issues
Originally Posted by Tiny12 [View Original Post]
But I'll bet even the dead Steve Jobs would concede that one's intentions, agenda and goals matter much, much more to an outcome than dumb luck here and there and interesting but ultimately meaningless anecdotal details.
Here's the deal: Repubs are at war with this government by, for and of the people. Have been for many decades. Their previous iconic Repub lord and savior, Reagan, popularized a war whoop against America; "In this present crisis, government is not the solution to our problem. Government is the problem. " Reagan wasn't talking about a dictatorship or a monarchy in some faraway country. He was talking about America. And in America, great crises are solved by us, the government, we, the people.
It was not a giant leap at all to go from there to the current iconic Repub lord and savior's literal war against the American form of government.
So it is blissfully easy to predict that a, say, Fed Chairman originally appointed by a Repub and that had to be kept by the incoming Dem and others to avert even greater disaster at a time of crises would not be very good at his job. Repubs are at war with the Federal Reserve, too, or hadn't you noticed that detail?
When an entire Party is at war with the American government and has been working mightily for decades to prove that it "doesn't work", please explain why on god's green earth an administration of that Party would ever appoint someone as Secretary of a department, Fed Chairman, judges, staffers, you name it, that would do a great job of it and show how well this government works?
Yes, this is quite the opposite of the Dem Party agenda. They actually want to prove that this government of, by and for the people works and works very well to produce positive results.
Do you honestly believe for one minute a Repub administration within memory has wanted a team working hard to show the American people and the world that this government of, by and for the American people that they have been at philosophical and now literal war against for decades and decades "works" great, hey everybody, join the club?
Of course, that doesn't happen.
There are thousands of decisions that need to be made by a POTUS and an administration every day. If your underlying philosophy and intellectual goal and agenda is to prove "government is not the solution to our problems" in America, that we really should just cater to the financial wishes of and advantages to those kindly corporate CEOs, top income margins and business owners because of course they'll do the right thing for America and all the good they do will come "trickling down" to everyone else, then by the end of each day you will have inched the country closer to the next crisis and not further away from it. And that is so even if one of those detailed decisions accidentally turns out not to be so bad.
You cannot then be surprised, puzzled or bewildered enough by the pattern of Great Repub Recessions and Massive Jobs Destruction vs Great Dem Recoveries, Expansions and Jobs Creation over the past 100 years to insist that if we just look at this or that silly detail, one out of a thousand cranks on the meat grinder of legislation, this or that perceived "hypocrisy", slight or imperfection, oh the demographics here, oh what that Senator did or said, magical economic cycles and so on unless you are just trying to stick your head in the sand and pretend the truth about it isn't the truth.
Steve Jobs would have kicked out an employee in a nanosecond if the overwhelming evidence was that employee was bent on making sure his company was a failure and decidedly not on making it a success. And he wouldn't have given a shit about some relatively insignificant detail. I doubt he would have even stood still for one minute to factor in such a detail before kicking out the traitor.
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09-29-22 02:20 #10399
Posts: 428No teleprompter equals stupidity
Originally Posted by MarquisdeSade1 [View Original Post]
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09-29-22 00:55 #10398
Posts: 2580NYT is sharpening its dagger for Joe
Wait and see until after the bloodbath of Nov 8 LMAO seems they can't wait that long.
https://www.nytimes.com/2022/09/28/u...-walorski.html
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09-28-22 23:45 #10397
Posts: 1762Originally Posted by PedroMorales [View Original Post]
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09-28-22 21:30 #10396
Posts: 1092Bothsidesism and Religion?
Originally Posted by PedroMorales [View Original Post]
As he's still yet to formulate an opinion of anything.
I didn't watch said video, click on it or link to the "bothsidesist" BS either! Don't plan to either!
Originally Posted by JustTK [View Original Post]
Go think on it, in your "bothsidesism" neoliberal corner! An opinion would be much appreciated.
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09-28-22 20:43 #10395
Posts: 1680+100
Originally Posted by Tiny12 [View Original Post]
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09-28-22 19:39 #10394
Posts: 1762Originally Posted by JustTK [View Original Post]
https://www.youtube.com/watch?v=WAc23r2TwEU
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09-28-22 18:55 #10393
Posts: 1807Originally Posted by Elvis2008 [View Original Post]
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09-28-22 17:04 #10392
Posts: 1807Originally Posted by Elvis2008 [View Original Post]
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09-28-22 16:54 #10391
Posts: 1807Originally Posted by EihTooms [View Original Post]
The tax cuts during the Bush and Reagan administration likewise may have increased the progressivity of the tax system. If you just look at tax rate tables, you'd say they did, as the % cut in rates for lower income levels was greater than for higher levels.
There's lots of blame to go around for the 2008/2009 recession, and our anemic recovery coming out of it, which resulted in higher deficits as a result of bailouts, stimulus spending and lower government revenues. Who do you blame? A lot of people and institutions -- politicians, regulators, mortgage companies, and investment banks among others. And perhaps most of all Americans who thought it was reasonable to buy $500,000 houses on $50,000 per year paychecks.
As to the NYT article, that's hilarious. The 1981 act was passed in August, and so by November, 1981, three months later, they hadn't ended the recession. No shit Sherlock (referring to the writer, not you.) Hell, the effect would have been limited to a reduction in a grand total of one quarterly estimated tax payment.
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09-28-22 16:28 #10390
Posts: 1807Originally Posted by EihTooms [View Original Post]
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09-28-22 15:52 #10389
Posts: 1056Fake Orgasms
Originally Posted by JustTK [View Original Post]
I feel, tin hat foil time perhaps, the USA promotes its own micro oppositions so it can control it. One recent case is that of Caleb Maupin, an American leftie (sic). Google him and you will see he was running a cult, turning his junkie comrades into hookers and dominatrixes, and was into being spanked. Like wtf. The moderator has threads like this for family value apple pie reasons but when alternative Americans are the biggest sex freaks in the room.
Scott Ritter, done on a kiddie charge, most of the independent journalists in Ukraine seem to be sex criminals of one sort or another. And Joe Biden does like the little ones; he goes way back with them.
So, who but the desperate and the Jeffrey Epsteins would want to migrate to the land of the free and the food banks?
World War cannot come soon enough.
Biden has asked all US citizens to vacate Russia. Hopefully, they will return to Hamburger Land and stay there.
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09-28-22 14:54 #10388
Posts: 1762US Immigration
Great discusion here on the current US immigration issues. Causes, solutions, etc (first half of program).
https://www.youtube.com/watch?v=-E_CbkA0Enk
Note, these anti-American, US-hating presenters do not take sides. They reflect on ALL bad policy. All government parties are to blame. And these 2 should be hung, drawn and quartered for their disloyalty to the flag.
No doubt no one here will be able to credit this video bcos it not biased to one party or the other.