American Politics

[EihTooms]

You're so right! Absolutely...it is quite the achievement!

When you consider Repubs, right-wing media, MSM and a wide stream of naysayers and "know nothing" economic pundits, have all been saying the US economy, is either in a recession or will be in a recession for the last three (3) years...yes it is QUITE the achievement! .

All my life and as far back as records are kept for these things I have been hearing Repub economic "experts" and pols warning us against the eminent failure of the latest Dem economic plan to pull us out of this or that Great Repub Depression, this or that Great Repub Recession; "Oh, it will destroy the economy! It will destroy jobs! The stock market will Crash like never before! For the love of God, your family and the country, don't let this happen"!

And they have been wrong every time. Exceedingly, dramatically, historically wrong.

By stark contrast, Dems have warned that this or that Repub policy will only waste money, add significantly to the deficit and produce few if any jobs for the American people, might even drive the country into a serious downturn.

And WE have been right every time.

Sure, there might be a minor decline over the next year or so. There ought to be, the Fed has been working mightily for about two years to make it so and the Inflation Hysterics have been demanding it. But despite the fact that Dems take over when economic "expert" Repub policies and stewardship have Crashed the economy, wiped out millions of jobs and stocks are plunging in value, as was the case when Biden took over from economic "expert" Donald Trump but is NEVER the case when Repubs take over from economic "dummies" Dems, there is very little evidence of storm clouds gathering to produce anything resembling one of those several Great Repub Depressions / Great Repub Recessions. And if there is, Biden will not be too busy going fishing, riding ponies, clearing brush down at the ranch or playing golf, golf, golf to do the right thing to avert it.

Unless the country is foolish enough to place enough idiot Repubs in the way to block him from doing it.

[Spidy]

OK Spidy, since you're convinced of the cause-and-effect relationship between the party of the president and stock market performance, I've got some great additional areas of research for you and Tooms to tackle: ...

(...kkkk!) Let me stop you there! The only thing I'm "convinced" of in this particular instance, is your growing need to delve into Disney like "flights of fancy", "WHAT IFs...?" and "spurious correlations", to scratch some kind of conspiracy itch?

Let be honest here...I think this might be right up Elvis 2008 or MDS1's alley? I think you should punt, this line of "spurious correlations" STUFF, over to them. I'm sure they'd love to wallow in the mud with you on this one. (...kkkk!)

[Spidy]

I'm not Catholic.

Absolution, brother Tiny, is well known by many denominations...even atheists!

As some ISGers, have anointed you the "Son of Satan", (as you, yourself have stated), it must be said, one can hardly blame YOU, for the "The Sins of the Father". Whichever right-wing political demagogue "sinner father", that might be?

[Spidy]

That's quite an achievement! During the last 100 years, the Dow only hit records during the Biden, Trump, Obama, George W. Bush, Clinton, George H. W. Bush, Reagan, Nixon, Johnson, Kennedy, Eisenhower, Hoover and Coolidge Administrations. ...

You're so right! Absolutely...it is quite the achievement!

When you consider Repubs, right-wing media, MSM and a wide stream of naysayers and "know nothing" economic pundits, have all been saying the US economy, is either in a recession or will be in a recession for the last three (3) years...yes it is QUITE the achievement! .

[MarquisdeSade1]

"Yep. Wallgreens' management got busted on that BS by its own executive, its own data and police data:

Walgreens backpedals on theft concerns.

Jan. 9, 2023.

https://www.axios.com/local/san-fran...edals-on-theft".

They just axed the very expensive adult day care for their affirmative action female "CEO" that was destroying their company.

Faster than ET can type 10 paragraphs of utter BULLSHIT.

But here is another example of the horrible mismanagement ET whines about.

https://ktla.com/news/local-news/ove...hop-warehouse/

Can you believe they can't even store their products in their own warehouses?

https://ktla.com/news/local-news/sus...e-county-mall/

And here's another Holiday treat from Scumbag Joe and the California Democrats.

https://ktla.com/news/local-news/hom...ench-near-lax/

Thanks a million Joe, Nancy, Gavin and Karen Bass.

[MarquisdeSade1]

"Intelligence as measured by IQ tests peaks around age 20 to 40 and then heads downward. But IQ is adjusted for age. By definition, the average IQ of 20 year olds would be 100. The average for 50 year olds is also 100, as is the average for 80 year olds. This is even though people get stupider and score lower on the tests as they get older.

Alan Kaufman, a researcher at Yale, calculates a "full scale" (global) IQ, where he removes the adjustment for age, and adds an adjustment for educational levels of people in different age groups:

https://metafact.io/factcheck_answers/2355

Based on Kaufman's research, the average full scale IQ for people 20 to 44 is about 100. Then it drops as follows:

45 to 54 years old - 97.

55 to 64 years old - 94.

65 to 69 years old - 90.

70 to 74 years old - 86.

75 years and older - 79.

So lets assume Joe Biden is of average intelligence. He graduated in the bottom part of his classes at the University of Delaware and Syracuse University Law School. Some believe he wouldn't have graduated from either if he weren't a skilled plagiarizer. Throughout his career he's seemed somewhat mentally challenged from time to time.

I think "average" is reasonable.

Biden is 81 years old. So let's go with the "full scale" IQ of 79 above, for people 75 and older.

Here's an IQ percentile converter.

https://www.omnicalculator.com/health/iq-percentile

If I plug in 79, I get 8%. In other words, if Biden is of average intelligence for your person 75+ years old, he'd be pretty close to the bottom, in the 8% percentile, for people 20 to 44 years old.

I plugged that into a couple of other converters and got about the same number.

Think about it another way. Human Rights Watch says "to be diagnosed as having mental retardation, a person must have an IQ below 70-75":

https://www.hrw.org/reports/2001/ustat/ustat0301-01.htm

If Biden's IQ is 79, four points higher than the 75 cutoff, we have a president who'd be pretty close to a retard if he were in the 20 to 44 age group. How much sense does that make?

Trump's not much better. If elected next year, he'll be 82 when his term expires.

We need new blood! Yes, Ronald Reagan did a great job. But he was "only" 77 when he left office. ".

This is the kinda "new blood" that gives you wood w / o Viagra.

https://www.nationalreview.com/2023/...ces-officials/

[MarquisdeSade1]

Tucker Carlson, who declares that the people who represent Ron DeSantis "online are the nastiest, the stupidest, and the most zero-sum people I've ever seen in my life.

Coming from someone that worked at Fox for several years that's saying a lot!!

[EihTooms]

Stock market declines, recessions and a pandemic would have occurred in 2020 and around 2008/2009 if John Kerry or Hillary Clinton had been president, instead of Bush and Trump. About Hoover, I don't remember back to 1929. The party of the president is pretty far down the list of what causes market indices to go up and down.

That's an interesting theory you have about tax cuts and market performance. Very unconventional. Individual tax cuts provide stimulus to the economy and corporate cuts boost after tax profits, which in turn cause share prices to increase, all else being equal.

Please recall the NBER piece that determined changes in corporate taxation in 2018 as a result of the Republicans' TCJA actually caused government revenues to be higher than they would be otherwise. Everybody, the corporations, workers, and the taxpayer, are better off as a result -- more corporate profits, more jobs, higher wages, and higher revenues to the government.

Did it occur to you that one of the reasons for higher corporate profits and thus higher share prices is the TCJA? Recall that by the estimates in the NBER paper it took 4 years for the benefits of the TCJA to kick in to such an extent that government revenues are higher than they would have been otherwise. Similarly the benefits to investment, jobs and corporate profits are greater now than they were in 2018.

The USA has the most progressive tax system in the developed world. It had the highest corporate rate in the developed world prior to 2018.

1. There is nothing unconventional about it at all. Bear Markets typically accompany Recessions. Mega Bear Markets would naturally and logically accompany Great Depressions and Great Recessions where Unemployment Rates spike up into double digits and / or jobs are wiped out by the millions. All of which occurred due to Repub economic policy and stewardship (the POTUS being both the policy guide and "decider" and the steward. Sorry) and none of which occurred due to that of a Dem for the past 100 years or so. Wildly coincidentally, of course.

2. I am always talking about tax cuts. You know, those thingies POTUSes generally propose in order to produce a necessary economic stimulus at a given moment in time. Might even be temporary until the economy gets back on track. When, where, why, how much of a cut and on whom is the "stewardship" part of it, completely aside from the "fact" of a tax cut. Clearly, obviously and inarguably supported by every bit of data and historical record available, not all tax cuts are created equal and they all don't produce the same result simply because somebody's taxes got cut.

It turns out Repub tax cuts, when, where, why, how much and on whom, along with their "stewardship", if any while they are out fishing, riding ponies, clearing brush down at the ranch or playing golf, golf, golf, either produce zero economic stimulus, fewer jobs with them than without them (see the TCJA), cost more in deficit spending than the stimulus there were supposed to produce (again, see the TCJA) or, most notably throughout history, Great Repub Recessions, Skyrocketing Unemployment Rates and / or Massive Jobs Destruction. If for no other reason but that the cuts made by Repubs were so irrelevant to the stimulus required at the time, if any, IN ORDER to avert and avoid a looming economic storm. Again, that is the "stewardship" part.

Dem tax cuts do not produce those negative net results. By stark contrast, they have produced some of the greatest economic recoveries, expansions and job gains in history. That is very likely because Dem tax cuts are designed to actually recover, stimulate the economy and create jobs rather than to merely make some political donor class wealthier. FDR, Hillary Clinton and John Kerry would no more have proposed and passed a tax cut designed to produce the latter Repub result at a time of gathering economic storm clouds than any of them would have defied all expert warnings not to do something so stupid and dangerous as to defund and eliminate all of the Pandrmic Prevention and Response teams from those Chinese labs in 2018,2019 and lied about the resulting situation all through 2020 and beyond. Meaning they never would have considered such a thing for a single minute.

You then generally reply with some niceity about progressive tax rates, which is lovely to read and revisit from time to time but, alas, is not even the same topic as the totally accurate point I make about tax cuts made at a given moment in order to stimulate the economy, create jobs, generate revenue to pay down the debt, deficit and so on.

[MarquisdeSade1]

"Intelligence as measured by IQ tests peaks around age 20 to 40 and then heads downward. But IQ is adjusted for age. By definition, the average IQ of 20 year olds would be 100. The average for 50 year olds is also 100, as is the average for 80 year olds. This is even though people get stupider and score lower on the tests as they get older.

Alan Kaufman, a researcher at Yale, calculates a "full scale" (global) IQ, where he removes the adjustment for age, and adds an adjustment for educational levels of people in different age groups:

https://metafact.io/factcheck_answers/2355

Based on Kaufman's research, the average full scale IQ for people 20 to 44 is about 100. Then it drops as follows:

45 to 54 years old - 97.

55 to 64 years old - 94.

65 to 69 years old - 90.

70 to 74 years old - 86.

75 years and older - 79.

So lets assume Joe Biden is of average intelligence. He graduated in the bottom part of his classes at the University of Delaware and Syracuse University Law School. Some believe he wouldn't have graduated from either if he weren't a skilled plagiarizer. Throughout his career he's seemed somewhat mentally challenged from time to time.

I think "average" is reasonable.

Biden is 81 years old. So let's go with the "full scale" IQ of 79 above, for people 75 and older.

Here's an IQ percentile converter.

https://www.omnicalculator.com/health/iq-percentile

If I plug in 79, I get 8%. In other words, if Biden is of average intelligence for your person 75+ years old, he'd be pretty close to the bottom, in the 8% percentile, for people 20 to 44 years old.

I plugged that into a couple of other converters and got about the same number.

Think about it another way. Human Rights Watch says "to be diagnosed as having mental retardation, a person must have an IQ below 70-75":

https://www.hrw.org/reports/2001/ustat/ustat0301-01.htm

If Biden's IQ is 79, four points higher than the 75 cutoff, we have a president who'd be pretty close to a retard if he were in the 20 to 44 age group. How much sense does that make?

Trump's not much better. If elected next year, he'll be 82 when his term expires.

We need new blood! Yes, Ronald Reagan did a great job. But he was "only" 77 when he left office. ".

Great job? Doing what shitting his pants? Ronny the Retard was shitting his pants long before he ever left the White House.

Skilled plagiarizer? LOL but how about Barry Hussein that dum MFer still won't release his grades 15 yrs after 2008.

I'm guessing any school he "attended" was ordered by the deep state to BURN all records, so they are NEVER seen.

And being the stable genius that he is I'm sure our Lord and Savior is a very high performing outlier.

Trump is sharper and more energetic than any college grads, hes a very young 77.

Crusty Dirtbag Joe is a very very old 81.

New blood ok 2028 Donald Trump Jr and Tucker for VP theres your new blood!!

[Tiny 12]

(...kkkk!) I so do get a kick out of your "WHAT IF...?" type posts!

Coincidentally, Disney just started it's 2nd season of "WHAT IF...?". Your post, much like the Disney show, makes for terrific fantasy. (...kkkk!)

OK Spidy, since you're convinced of the cause-and-effect relationship between the party of the president and stock market performance, I've got some great additional areas of research for you and Tooms to tackle:

https://tylervigen.com/spurious-correlations

You have to put all the blame for the 1929-1939, 2008/2009 and 2020 downturns on Republican presidents to come to your conclusions:

https://papers.ssrn.com/sol3/Deliver...960458&mirid=1

I can guaran-damn-tee you that 2020 would have happened with or without Trump. And it's very doubtful a Democrat presidential administration would have avoided 2008/2009. I don't know about 1929, but certainly the governing class and economists, from both parties, have since learned a lot about using fiscal and monetary policy to ameliorate downturns since then.

[Spidy]

Stock market declines, recessions and a pandemic would have occurred in 2020 and around 2008/2009 if John Kerry or Hillary Clinton had been president, instead of Bush and Trump. About Hoover, I don't remember back to 1929. The party of the president is pretty far down the list of what causes market indices to go up and down.

That's an interesting theory you have about tax cuts and market performance. Very unconventional. Individual tax cuts provide stimulus to the economy and corporate cuts boost after tax profits, which in turn cause share prices to increase, all else being equal. . . .

(...kkkk!) I so do get a kick out of your "WHAT IF...?" type posts!

Coincidentally, Disney just started it's 2nd season of "WHAT IF...?". Your post, much like the Disney show, makes for terrific fantasy. (...kkkk!)

[Tiny 12]

Intelligence as measured by IQ tests peaks around age 20 to 40 and then heads downward. But IQ is adjusted for age. By definition, the average IQ of 20 year olds would be 100. The average for 50 year olds is also 100, as is the average for 80 year olds. This is even though people get stupider and score lower on the tests as they get older.

Alan Kaufman, a researcher at Yale, calculates a "full scale" (global) IQ, where he removes the adjustment for age, and adds an adjustment for educational levels of people in different age groups:

https://metafact.io/factcheck_answers/2355

Based on Kaufman's research, the average full scale IQ for people 20 to 44 is about 100. Then it drops as follows:

45 to 54 years old - 97.
55 to 64 years old - 94.
65 to 69 years old - 90.
70 to 74 years old - 86.
75 years and older - 79.

So lets assume Joe Biden is of average intelligence. He graduated in the bottom part of his classes at the University of Delaware and Syracuse University Law School. Some believe he wouldn't have graduated from either if he weren't a skilled plagiarizer. Throughout his career he's seemed somewhat mentally challenged from time to time.

I think "average" is reasonable.

Biden is 81 years old. So let's go with the "full scale" IQ of 79 above, for people 75 and older.

Here's an IQ percentile converter.

https://www.omnicalculator.com/health/iq-percentile

If I plug in 79, I get 8%. In other words, if Biden is of average intelligence for your person 75+ years old, he'd be pretty close to the bottom, in the 8% percentile, for people 20 to 44 years old.

I plugged that into a couple of other converters and got about the same number.

Think about it another way. Human Rights Watch says "to be diagnosed as having mental retardation, a person must have an IQ below 70-75":

https://www.hrw.org/reports/2001/ustat/ustat0301-01.htm

If Biden's IQ is 79, four points higher than the 75 cutoff, we have a president who'd be pretty close to a retard if he were in the 20 to 44 age group. How much sense does that make?

Trump's not much better. If elected next year, he'll be 82 when his term expires.

We need new blood! Yes, Ronald Reagan did a great job. But he was "only" 77 when he left office.

[MarquisdeSade1]

Even the CCP laughs at DNC desperation and fear of MAGA.

https://www.breitbart.com/politics/2...itical-weapon/

Only 10 more months! Approx. 300 days.

[MarquisdeSade1]

"Trump used Chinese factories to manufacture products he sold, including Trump ties "produced in Chinese Factories under horrific conditions. " he also invested in China, has a bank account in China, borrowed money from a Chinese government bank, paid taxes in China, leased office space to a Chinese government bank for $1. 9 million per year, and has sold real estate to individuals and entities associated with the Chinese government. As well as a lot of real estate to Chinese individuals who received residency and citizenship in the USA in return for buying the properties.

https://www.teenvogue.com/story/dona...-racked-report

https://abcnews.go.com/Business/dona...ory?id=3182679

https://www.ft.com/content/9eb753d8-...5-0e11fb1607df

https://www.nytimes.com/2020/10/20/u...xes-china.html

https://www.forbes.com/sites/danalex...h=45c12e33ed11

https://www.politico.com/news/2020/0...na-debt-205475

https://www.bloomberg.com/politics/a...ium=cpc_search".

ROTFLMMFAO.

OMG you're worse than ET hey wait a second, I think you are ET you must have 2 accounts LMAO.

[Tiny 12]

Trump used Chinese factories to manufacture products he sold, including Trump ties "produced in Chinese Factories under horrific conditions. " He also invested in China, has a bank account in China, borrowed money from a Chinese government bank, paid taxes in China, leased office space to a Chinese government bank for $1. 9 million per year, and has sold real estate to individuals and entities associated with the Chinese government. As well as a lot of real estate to Chinese individuals who received residency and citizenship in the USA in return for buying the properties.

https://www.teenvogue.com/story/dona...-racked-report

https://abcnews.go.com/Business/dona...ry?id=31826791

https://www.ft.com/content/9eb753d8-...5-0e11fb1607df

https://www.nytimes.com/2020/10/20/u...xes-china.html

https://www.forbes.com/sites/danalex...h=45c12e33ed11

https://www.politico.com/news/2020/0...na-debt-205475

https://www.bloomberg.com/politics/a...ium=cpc_search