American Politics

[EihTooms]

Now that was funny, but so true! And I do so enjoy a good "Fairy Tale". If (when) it fails, perhaps we can use it as a "Cautionary Tale/Fable"?

Speaking of "fairy tales", what ever happened to the one about the "One (1) Trillion dollar coin" (Repubs love to mint in their heads), that could simply payoff the federal debt?

I seem to hear this one, every time a Repub President takes office and then proceeds to astronomically run up the federal debt, on their way to yet another Repub recession, and every Repub and their dog, seems to think that this mystical coin is the answer.

Any Repub economists (or anyone really), care to explain how this would work?

They are all Repub Fairy Tales. Their entire Supply-Side / Trickle-Down, Little or No Attention to Regulations = Superior Economic Success crap is a total Repub Fairy Tale. The lazy MSM spin that "Carter ruined the economy and Reagan saved it" crap is a total Repub Fairy Tale.

We know what happens when the classic Repub Do Nothingness or Repub Do The Exact Wrong Thing agenda is followed.

We got the Great Repub Crash and Depression in the late 1920's / early 1930's, Eisenhower's 3, count 'them, 3 recessions in just eight years, Nixon / Ford's practically no growth and jobs creation at all, Reagan's Great Repub Recession and whopping ten consecutive months of 10%+ Unemployment Rates, GHW Bush's horrific jobs creation record. GW Bush's Great Repub Recession and even more horrific jobs creation record, Trump's historic mass murders and Global Supply-Chain destruction disaster thanks to his criminal negligence, ignoring all expert warnings and year long lies to convert a likely manageable regional endemic into the Trump's Pandemic it became to produce negative jobs creation.

Thar was after 4 miserable Trump Stewardshop years and even after his coasting on the terrific Obama-Biden economic trajectories handed to him in his first year came to an end when he passed that $1. 5 Trillion net cost every 10 years into infinity legislation that was already producing fewer jobs with it than without it.

So what was Larry Summers' brilliant and admittedly often dead wrong ideas for what Biden and the Dems were supposed to do about still another historic, unprecedented Repub Economic Disaster handed to a Dem to fix until, oh, May, June or July 2021 when we would get the final GDP numbers for "March" of that one year?

Repub-style Know Nothing Do Nothing or Do The Wrong Thing?

Go fishing, play golf, ride ponies, clear brush down at the ranch?

And how would pro-Repub MSM have reacted to that after doing whatever they could to blame Biden and the Dems for the Repub Economic Disaster they inherited, as usual?

What frame of mind would that have put into business and jobs creation domestically and around the world?

Worse, let's say Summers' and his fellow pro Repub Bothsiders and outright Wingers got their Fairy Tale wish and whatever Biden and the Dems put into the system for this particular historic and unprecedented Great Repub Policy and Stewardship Disaster turned out to be exactly right to the dollar.

For its one moment in time, that is.

Then what happens if there is a resurgence of a new and widely spread variation of Trump's Pandemic virus after that "And they all lived happily ever after" Repub Fairy Tale ending?

Guess what, that happened. No one knew how bad it would be or if it would be even worse that the first Trump's Pandemic virus.

Oh and how about if, say, some Loon like Putin somehow mysteriously got privy to accurate, in writing USA Intel from, say, some Repub former potus Loon in 2021 and decided the following year was the right time for an exceedingly stupid invasion of Ukraine, thereby produce the crippling of an oil Supply-Chain for the entire Globe to enjoy?

And as long as we're on that topic, how about if the powers that be somehow mysteriously also got privy to some of that stolen USA Intel and decided the time was right to launch a terrorist attack on Israel and thereby add another crippling effect to the world's oil Supply-Chain business reliance.

Just sayin'.

Biden and the Dems had one 2 year window of opportunity to do whatever might be necessary to pull us and much of the world out of that historic and unprecedented Great Repub Economic Disaster.

Given the pattern for a new POTUS' Party's prospects in its first midterm election there would be no going back to the well after November 2022 if, perchance, that Fairy Tale "just right" porridge for its moment in time back in early 2021 or, God forbid, "too cold" too little porridge failed to meet even that moment.

LOL. Even though that midterm only saw a Pink Tinkle by hook and by crook majority in the House, does anyone of sane mind think for one minute those handful of Repub loons would help America by adding a tad more to the post-Repub Disaster stimulus after those unpredictable.

Events came about rather than do everything in their power to Crash the USA economy all over again?

Now, we're really telling impossible Fairy Tales if you believe such a thing.

God bless Biden and the Dems for being smart enough, brave enough and patriotic enough to put MORE into the system to deal. With the latest historic, unprecedented Great Repub Disaster than was merely necessary to put a bandaid on it in mid 2021, willing to shoulder all the heavy lifting and assume all the political risk to do as much as possible on the obvious awareness that our perpetual Repub Party problems had not been solved and had not gone away on January 20,2021 never to return.

[Spidy]

LOL. So it's the Goldilocks Fairy Tale now.

Oh I see. Well, the next time an incoming Repub is handed a historic, unprecedented economic disaster from an outgoing Dem that only a wannabe Repub Hoover numbskull would sit back and rely on to resolve itself in a straight line, I am sure he will show all of us how to provide the just right, not too hot and not too cold temperature of porridge to keep the Great Recovery no Repub has ever produced from the Great Economic Disaster no Dem has ever produced going just right for the next few years.

But I wouldn't hold my breath waiting for even 1 factor in that impossible scenario to ever come about.

Maybe you and Larry can write a sweet little Fairy Tale about such a thing and close it with that "And they all lived happily ever after" ending you imagine would ever have been the case this time.

Now that was funny, but so true! And I do so enjoy a good "Fairy Tale". If (when) it fails, perhaps we can use it as a "Cautionary Tale/Fable"?

Speaking of "fairy tales", what ever happened to the one about the "One (1) Trillion dollar coin" (Repubs love to mint in their heads), that could simply payoff the federal debt?

I seem to hear this one, every time a Repub President takes office and then proceeds to astronomically run up the federal debt, on their way to yet another Repub recession, and every Repub and their dog, seems to think that this mystical coin is the answer.

Any Repub economists (or anyone really), care to explain how this would work?

[EihTooms]

You're a true believer Tooms. Nobody is arguing that government shouldn't provide stimulus during recessions. The problem was the quantity and the timing. By the time Democrats sent out free Biden money in March, 2021, we were already out of recession and GDP was about back to pre-COVID levels. That's also when Democrats passed the $1. 9 trillion American Rescue Plan. It was 9% of GDP! Larry Summers, prominent Democratic Party economist, said the stimulus was three times the output shortfall, presumably meaning three times the amount by which GDP was short of what it would have been without COVID. Jason Furman, another prominent Democratic Party economist, more or less agreed with him.

The federal debt held by the public is headed towards dangerous levels, considering the government has to pay around 5% per annum to borrow now, instead of 1% or 2% before. Interest payments on the federal debt will consume around 5% of GDP at current interest rates!

Yes, Republicans were complicit. George W. Bush's war in Iraq and the Republicans failure to hold back spending when they controlled the government in 2017 and 2018 illustrate that. But Biden and Democrats took reckless spending to a whole new level, legislating over $5 trillion in unfunded spending in 2021 and 2022, after we'd already recovered from the COVID induced recession. Not the Trump induced recession, as you argue.

And yes, GDP growth during the Biden Administration was higher than it would have been without the profligate spending. But like for our friends who load up on debt to support an extravagant lifestyle, the ending won't be pretty. It may take a while, and you may be dead by then, but a reckoning is coming.

Oh I see. Well, the next time an incoming Repub is handed a historic, unprecedented economic disaster from an outgoing Dem that only a wannabe Repub Hoover numbskull would sit back and rely on to resolve itself in a straight line, I am sure he will show all of us how to provide the just right, not too hot and not too cold temperature of porridge to keep the Great Recovery no Repub has ever produced from the Great Economic Disaster no Dem has ever produced going just right for the next few years.

But I wouldn't hold my breath waiting for even 1 factor in that impossible scenario to ever come about.

Maybe you and Larry can write a sweet little Fairy Tale about such a thing and close it with that "And they all lived happily ever after" ending you imagine would ever have been the case this time.

[Tiny 12]

I offer the same advice to you that I offered to Elvis in a previous post; if you are annoyed by the spending Democrats have to put into the system to pull us out of those Great Repub Depressions, Great Repub Recessions, Massive Repub Jobs Destruction and Mysterious, Mystical Great Repub "Once in a Hundred Years" Repeatedly Wild Coincidence Repub Disasters along with the inevitable and unavoidable Recovery Inflation followup, simply vote straight Dem down every ballot in every election for which you are eligible to vote and pass that advice on to everyone you know.....

However, the POTUS position must be absolute in resulting in placing a Dem in the White House every time if we are to avoid all those historically persistent Great Repub Disastrous Results. The President is the single most important player in producing those results. No, not the only player and not a miracle worker who can, say, prevent a gang of numbskull Repubs in Congress from shutting down the government or repeatedly threatening to or override a logical presidential veto of some numbskull Repub scheme to destroy the economy and wipe out millions upon millions of jobs despite the Dem Captain's stewardship. Just historically the single most important player.

You're a true believer Tooms. Nobody is arguing that government shouldn't provide stimulus during recessions. The problem was the quantity and the timing. By the time Democrats sent out free Biden money in March, 2021, we were already out of recession and GDP was about back to pre-COVID levels. That's also when Democrats passed the $1. 9 trillion American Rescue Plan. It was 9% of GDP! Larry Summers, prominent Democratic Party economist, said the stimulus was three times the output shortfall, presumably meaning three times the amount by which GDP was short of what it would have been without COVID. Jason Furman, another prominent Democratic Party economist, more or less agreed with him.

The federal debt held by the public is headed towards dangerous levels, considering the government has to pay around 5% per annum to borrow now, instead of 1% or 2% before. Interest payments on the federal debt will consume around 5% of GDP at current interest rates!

Yes, Republicans were complicit. George W. Bush's war in Iraq and the Republicans failure to hold back spending when they controlled the government in 2017 and 2018 illustrate that. But Biden and Democrats took reckless spending to a whole new level, legislating over $5 trillion in unfunded spending in 2021 and 2022, after we'd already recovered from the COVID induced recession. Not the Trump induced recession, as you argue.

And yes, GDP growth during the Biden Administration was higher than it would have been without the profligate spending. But like for our friends who load up on debt to support an extravagant lifestyle, the ending won't be pretty. It may take a while, and you may be dead by then, but a reckoning is coming.

[EihTooms]

Woodrow Wilson and FDR. You're talking ancient history. But maybe at this point in history you're spot on!

Based on what went down in 2021 and 2022, Democratic Party politicians have no fear of $2 trillion deficits, a $25.5 trillion net national debt, or the $1. 3 trillion per year we'll be spending just on interest expense if rates normalize around 5% per annum. And perhaps it makes sense for them. They figure they can spend like drunken sailors to buy voters and special interests. And then hopefully Americans won't have to pay the piper for their profligate spending until they're no longer in office.

Admittedly a lot of Republicans think similarly, but the Democrats are worse. To their credit, back in May, McCarthy and House Republicans actually managed to claw back $1.5 trillion of the $5 trillion+ in unfunded spending legislated by Democrats in 2021 and 2022. That's according to Congressional Budget Office estimates:
https://www.nytimes.com/2023/05/31/u...-spending.html

Anyway, like most economists I've been inclined to blame recessions on monetary policy, the business cycle, oil price shocks, a pandemic and the like. And believed GDP growth is a function of improvements in productivity, increased investment, growth in the labor force, changes in technology and the like. And thought tying them back solely to the party of the president was somewhat simpleminded. But yes, Joe Biden might have boosted GDP and avoided a recession! By spending like a drunken sailor! And then if a Republican wins in 2024 he'll be blamed for the recession! You Democrats are a crafty bunch!

I offer the same advice to you that I offered to Elvis in a previous post; if you are annoyed by the spending Democrats have to put into the system to pull us out of those Great Repub Depressions, Great Repub Recessions, Massive Repub Jobs Destruction and Mysterious, Mystical Great Repub "Once in a Hundred Years" Repeatedly Wild Coincidence Repub Disasters along with the inevitable and unavoidable Recovery Inflation followup, simply vote straight Dem down every ballot in every election for which you are eligible to vote and pass that advice on to everyone you know.

Then, if everyone follows that advice, neither you nor Elvis nor the rest of the country will suffer those "wildly coincidental" Repub economic policy, legislation and stewardship results that Dems are typically handed and left holding the bag to recover America from the only ways it has ever recovered from them for the past century or so.

Voila! All the problems he, you and other wingers constantly gripe, whine and complain about would be solved!

Now, I know this won't produce a perfect 100% Dem representation in the House and a perfect 100% Dem representation in the Senate. Human nature being what it is, some voters are bound to falter in their patriotic duty and vote for a numbskull Repub here and there for some numbskull reason; he'd like to have a beer with him, his Dem opponent said something vaguely stupid about the home football team or any one of the classic excuses about age, race, gender, whatever.

But the realistic goal is to merely reduce Repub representation in those houses of Congress down to a relatively harmless true minority, enough to hear their constant irrelevant griping, whining and complaining but not enough to cast a decisive vote on anything, ever.

However, the POTUS position must be absolute in resulting in placing a Dem in the White House every time if we are to avoid all those historically persistent Great Repub Disastrous Results. The President is the single most important player in producing those results. No, not the only player and not a miracle worker who can, say, prevent a gang of numbskull Repubs in Congress from shutting down the government or repeatedly threatening to or override a logical presidential veto of some numbskull Repub scheme to destroy the economy and wipe out millions upon millions of jobs despite the Dem Captain's stewardship. Just historically the single most important player.

But the 100% Dem POTUS goal can still happen even if the occasional numbskull Repub votes for a numbskull Repub candidate for whatever numbskull excuse they conjure up. So I'll grant you some leeway there.

[Tiny 12]

Remember how Woodrow Wilson and FDR "bankrupted" America to win World War I and World War II? I mean, despite the fact that the brilliant Repub economic steward behind that brilliant Repub $1. 5 Trillion tab every ten years into infinity Tax Cuts and Jobs Act, Donald Trump, brilliantly dodged our involvement in "World War II", maybe just 80 years too late.

But for non World War and non Trump's Pandemic eras, nobody did a better job of "bankrupting" America than 3rd Place Ronald Reagan, almost increasing the USA debt by as much as the 4th, 5th and 6th Place presidents combined!

In fact, add Repub Reagan's non World War, non Trump's Pandemic VP's increase in the debt at 6th Place and it is even more amazing what incoming Dem President Clinton and his 1993 and 1994 Dem Congress accomplished with a "bankrupt" America. And that is on top of how they accomplished it despite Nude Grinbitch and his fellow Do Nothing, Knowing Nothing Repubs attempting everything today's Do Nothing, Know Nothing USA Economy-attacking Pink Tinkle Repubs would have attempted then to destroy the USA economy.

U.S. Debt by President: Dollar and Percentage.

https://www.investopedia.com/us-debt...entage-7371225

Woodrow Wilson and FDR. You're talking ancient history. But maybe at this point in history you're spot on!

Based on what went down in 2021 and 2022, Democratic Party politicians have no fear of $2 trillion deficits, a $25.5 trillion net national debt, or the $1. 3 trillion per year we'll be spending just on interest expense if rates normalize around 5% per annum. And perhaps it makes sense for them. They figure they can spend like drunken sailors to buy voters and special interests. And then hopefully Americans won't have to pay the piper for their profligate spending until they're no longer in office.

Admittedly a lot of Republicans think similarly, but the Democrats are worse. To their credit, back in May, McCarthy and House Republicans actually managed to claw back $1.5 trillion of the $5 trillion+ in unfunded spending legislated by Democrats in 2021 and 2022. That's according to Congressional Budget Office estimates:
https://www.nytimes.com/2023/05/31/u...-spending.html

Anyway, like most economists I've been inclined to blame recessions on monetary policy, the business cycle, oil price shocks, a pandemic and the like. And believed GDP growth is a function of improvements in productivity, increased investment, growth in the labor force, changes in technology and the like. And thought tying them back solely to the party of the president was somewhat simpleminded. But yes, Joe Biden might have boosted GDP and avoided a recession! By spending like a drunken sailor! And then if a Republican wins in 2024 he'll be blamed for the recession! You Democrats are a crafty bunch!

[Tiny 12]

Difference is, Democrats aren't about to produce, enact or carry-out the latest real-life action version and go all "Kill Bill Vol #3", on his comedic ass (...kkkk!). Or AR-15, bomb, machete, knife or flag-pole him and/or lay waste to his show/business. Or burn his books for that matter.

But speaking of laying waste to Ray Epp types...take a look at your MAGA Repub's very own "Ray Epps, the clown edition", namely "MyPillow Guy" aka. Mike Lindell. It appears the Mr. Lindell is now broke and/or bankrupted, according to his lawyers, to whom he owes millions of dollars to.

MyPillow's Mike Lindell is broke, can't pay millions in legal bills
https://nypost.com/2023/10/06/mypill...bills-lawyers/

Yet another prime example of QAnon/MAGA/Repub gullible sucker cult brigade, that have hitch their wagon to the Orange Menace, and have been taken to the cleaners and/or left for dead.

Times like these, I'm reminded of Never Trumper ex-GOP Strategist, Rick Wilson's book, "Everything Trump Touches Dies" https://www.youtube.com/watch?v=0yafBxWUQNY

I believe Epps is the biggest reason Fox fired Tucker Carlson. They saw a lawsuit coming. And they were right. I'm surprised he's not suing Carlson too. And I agree, Mike Lindell's not the brightest bulb on the planet.

[Spidy]

It's nice to see Democrats attacking Democrats. Bill Maher must be the Progressive Democrat's Ray Epps.

Difference is, Democrats aren't about to produce, enact or carry-out the latest real-life action version and go all "Kill Bill Vol #3", on his comedic ass (...kkkk!). Or AR-15, bomb, machete, knife or flag-pole him and/or lay waste to his show/business. Or burn his books for that matter.

But speaking of laying waste to Ray Epp types...take a look at your MAGA Repub's very own "Ray Epps, the clown edition", namely "MyPillow Guy" aka. Mike Lindell. It appears the Mr. Lindell is now broke and/or bankrupted, according to his lawyers, to whom he owes millions of dollars to.

MyPillow's Mike Lindell is broke, can't pay millions in legal bills
https://nypost.com/2023/10/06/mypill...bills-lawyers/

Yet another prime example of QAnon/MAGA/Repub gullible sucker cult brigade, that have hitch their wagon to the Orange Menace, and have been taken to the cleaners and/or left for dead.

Times like these, I'm reminded of Never Trumper ex-GOP Strategist, Rick Wilson's book, "Everything Trump Touches Dies" https://www.youtube.com/watch?v=0yafBxWUQNY

[Spidy]

You need to work on your reading comprehension skills. I said that if I (a man) had a surgeon cut my dick off, and carve a nasty gash in its place, it would not magically make me a woman, it would make me a MAN with a mutilated dick.

It's the woke side that is confused. And believes men can have a "female penis".

Women have an XX chromosomal make up, they have ovaries, produce eggs, etc.

Now I can already see where you will take this. Yes. If a woman cannot produce eggs, she is still a woman.

Also, if a human is born without arms or legs, they are still a human, even though an average human is described as having two arms and two legs. This case would simply be a deviation from a standard. This human with no arms of legs is not magically a snake, or something non-human because of a defect. Just like a man does not become a different gender if his penis is missing.

This is very basic stuff.

And I'm not surprised at all that you think that transsexual story book hour is "cool". You probably support the wide use of puberty blockers as well. In the coming years we will have 18 year olds with the bodies of 10 year olds, and certain types of men can fulfill their sick fantasies legally.

Wasn't really expecting, the sterile clinical (XX and XY chromosomal) definition as a response, since that's a given. But Okay...fair enough response/rebuttal w/r to answering the question(s).

Somehow though, I was expecting more then just a sterile clinical definition, since I also consider, that there is a definite societal (or social) aspect to the question(s), regarding "what is a woman?" or "what is a man?". One that does bring to the table, a more nuanced or more complex definition of "what is a woman/man?"

Yeah, I could be over thinking it, but considering that we do now live in a more complex society and we're no longer living in the dark ages, "a deeper dive" into said questions, should be warranted.

So I'm okay, with just a simple clinical definition, albeit a bit limited in scope/definition, to what I consider a more complex question, in an ever growing complex society. Why else would many of us keep calling into question, one another's identity? And thusly, perpetrate and weaponize "Identity Politics"?

For Example:

• Why are you so {...fill-in-the blank}? Or
  Why aren't you more like {...fill-in-the blank}? Or
  
  Why do you (assuming they actual do) hate your own race/people (white, black, yellow, red, purple..etc)? As if there's ONE STANDARD WAY to live, think, believe, work, play and thrive in life given your cultural heritage as a member of a certain race, sex, culture, ethnic group, economic group, social group...etc.
  
  Do you NOT KNOW if your a man or women? Or
  Do you NOT KNOW if your a {...fill-in-the blank}?

Is it all just genuine curiosity or hateful rhetoric, meant to embarrass, insult and humiliate?

StoryBook Hour:
With regards to kids learning, reading and attending a very cool "StoryBook Hour" vs. attending a "Nazi" book-banning/booking-burning bonfire, I'll take "StoryBook Hour", 24/7/365, each and every time.

But as you've stated, clinically they are still men, despite what Repubs and Christian right want you believe or think...RIGHT!

[Beijing4987]

Anybody remember Ronnie Ray Gun's & Dubbya "Shrub" Bush's unfounded trickle down (trickle is the truth) "tax cuts" and tax giveaways for foreign earnings that gets repatriated? And , oh yes, Fat Nixon the future jail bird gave away the store as well, and forgot to Bill Mexico for the wall. What wall, you might ask?

[EihTooms]

https://reason.com/video/2020/11/09/...krupt-america/

I have some comments about your post Elvis. Some you'll agree with and some you'll disagree with. But we're on the same page.

Yes, you're spot on with your criticism of carried interest. Kyrsten Sinema however overall was a force for good. Without her and Joe Manchin, Joe Biden's $11 trillion plan to bankrupt America (see link above from Reason Magazine) might have been realized. Instead, Democrats only managed to pass five or six trillion in unfunded spending in 2021 and 2022.

I don't know how Sneaky Chuck Schumer got Kyrsten to take the blame for this one. He's been keeping the carried interest loophole alive for years with backdoor machinations. Maybe this is how:

https://www.washingtonexaminer.com/o...erest-loophole

As to capital gains, while progressive think tanks would have you believe otherwise, mainstream economists believe the revenue maximizing capital gains tax rate is around 30%. The current maximum federal rate is 23.8%, and the state + federal rate in deep blue California is 37.1%. The only reason to raise the maximum capital gains rate to 43.4% (56.7% including the state income tax in California) as proposed by Joe Biden would be for political purposes, to demagogue and soak the rich. Everyone loses though as the federal government would collect less in revenues. When the capital gains tax rate is set too high, people just don't sell assets. Not only that, the economy doesn't operate as efficiently. To take an example from the last century, it's like encouraging people to keep their shares in the buggy whip manufacturer, instead of selling them, paying the capital gains tax, and reinvesting in Ford Motor Company. A similar principle applies to the federal tax on dividends, which Biden also wanted to raise to 43.4%. Thankfully Sinema and Manchin prevented this too.

As to your first point, not necessarily. My city has the highest per capita income and per capita GDP in the USA. And it's deep red. It went for Trump by 57 percentage points in 2020.

It would be more correct to say neighborhoods with a propensity to suck off the government tit are voting Democratic. As are people who benefit from Democratic Party policies. And the inverse is true. The reason my city is deep red even though there are more Hispanics than whites is because many Democrats want to kill the main industry here as they mistakenly think that will prevent global warming. Anyway, look at Sam Bankman Fried and green energy entrepreneurs. They're wealthy, and firmly behind Democrats.

I see where you're going with this Elvis. Yes if Washington keeps printing trillions, and our federal debt held by the public increases a lot more from the previously unimaginable 100% of GDP level, we'll go the same way as southern Europe. In the short term, Biden and the Democrats juiced the economy by pumping $1. 9 trillion of unneeded stimulus into economy in the first quarter of 2021 through the American Rescue Plan, followed by an addition $3 trillion+ of unfunded spending spread over 10 years through other legislation. This actually reduced the probability of recession during the time that Biden was president and Democrats controlled the House and Senate. But at what cost? The bankrupting of America?

Remember how Woodrow Wilson and FDR "bankrupted" America to win World War I and World War II? I mean, despite the fact that the brilliant Repub economic steward behind that brilliant Repub $1. 5 Trillion tab every ten years into infinity Tax Cuts and Jobs Act, Donald Trump, brilliantly dodged our involvement in "World War II", maybe just 80 years too late.

But for non World War and non Trump's Pandemic eras, nobody did a better job of "bankrupting" America than 3rd Place Ronald Reagan, almost increasing the USA debt by as much as the 4th, 5th and 6th Place presidents combined!

In fact, add Repub Reagan's non World War, non Trump's Pandemic VP's increase in the debt at 6th Place and it is even more amazing what incoming Dem President Clinton and his 1993 and 1994 Dem Congress accomplished with a "bankrupt" America. And that is on top of how they accomplished it despite Nude Grinbitch and his fellow Do Nothing, Knowing Nothing Repubs attempting everything today's Do Nothing, Know Nothing USA Economy-attacking Pink Tinkle Repubs would have attempted then to destroy the USA economy.

U.S. Debt by President: Dollar and Percentage.

https://www.investopedia.com/us-debt...entage-7371225

[Spidy]

My recession? No, you Democratic douches thought the above would not cause one.

And it hasn't. But I know your hoping, praying and betting for one.

Do you know anything about economics outside of Republicans bad, Dems good?

How does that economist joke go? Something like, "Two (2) economists are arguing about whether, but neither of them looks out the window." Economists get it wrong all the time and have been getting it wrong for years.

But hey...we have good ol' Elvis 2008, ISG mongerer, to tell us everything we need to know about the economy. Your tell it to your Repub, chums, who might be buy it. I'm NOT!

WARNING: Before reading the latest round of good news from the US economy, some readers may want to take there stroke meds, before reading, in case of exploding heads. This post is not responsible for killing Republicans, who can't handle a robust and resilient Biden economy.!!!

October 6th, 2023: Jobs report shock: American economy added a stunning 336,000 job in September

"US stocks ended Friday on a high as the latest jobs report showed the US economy added 336,000 positions in September, significantly more than Wall Street economists expected. The unemployment rate remained at 3.8%."

"Economists had predicted the US added just 170,000 jobs last month and thought the unemployment rate would inch back down to 3.7%. "

https://www.cnn.com/business/live-ne...ber/index.html

Elvis, don't over think it! Bidenomics (and the economy) are doing just fine, perhaps try sticking your head out the window. (...kkkk!)

[Spidy]

... Being "better at handling the economy than the Democrats", as Mainstream Media works so hard to plant in the heads of the electorate by any means possible, the Repub Party's success rate in Doing Nothing, Knowing Nothing, wiping out millions upon millions of jobs and thousand upon thousands of businesses, skyrocketing the unemployment rate and deficit spending with nothing to show for it and shutting down the government to convince all other budding Captialist democracies around the world to immediately drop such a dumb idea is second to none.

In fact, I think it is the only political entity in any democracy on the planet that achieves that goal over and over and over again yet still somehow manages to exist. Kudos to pro-Repub "Bothsiders" like those found in Mainstream Media, here and Bill Maher for that I suppose.

And while they're tearing down that fallacy, perhaps we can also get rid of the other bastardize impediment towards a real and proper democracy...The electoral College.

Yes, that's right...The electoral College. Every other democracy in the world that had an electoral college, have tossed it out, abolished it, or have put an end to this antiquated, out-dated pile of crap, and tossed it in the anti-democratic dustbin of history.

Why haven't the good ol' United States America, done the same? I really wonder why...that right Elvis, you guess it, bad Republicans! (...kkkk!)

[Spidy]

This accessment by Gen. Milley might serve to counter Maher's opening that show with a joke based one of his new favorite Repub talking point lies that "unlike Law and Order, Rule of Law Repubs, soft on crime Democrats have legalized shoplifting," closing with that Grand Finale about how old Biden will come off at the debates vs how youthful, robust and healthy Donald "Please, somebody help me waddle down this ramp" Covefe Trump is by comparison even after defeating Barack Obama in 2016 and brilliantly avoiding plunging us into "World War 2"! ...

Yeah, I'm sure you've heard the latest Bill Maher punchline, when it comes to Biden's age. Bill Maher:
"Well you know, he's done fine for the 1st Term, but he's gonna be RBG'd, if he trys to run again."

But what's missing is the punchline for the Repubs, as, they are eyeing a similar fate. As....

Meanwhile, on the Repub side, their front-runner at 77 years old (and ONLY 3-yrs behind Biden), is way ahead by some 30-40 points, of those other candidate hopefuls, as they get smaller in the rear-view and are all just hoping praying and wishing for the "Orange Menace", to also get RBG'd or suddenly just drop dead, from a Big Mac attack. (...kkkk!)

[Tiny 12]

https://reason.com/video/2020/11/09/...krupt-america/

If you wanted to go after billionaires, you would go after capital gains and carried interest, but that was downed by one of your own after she got paid off: https://www.pbs.org/newshour/politic...e-on-investors.

I have some comments about your post Elvis. Some you'll agree with and some you'll disagree with. But we're on the same page.

Yes, you're spot on with your criticism of carried interest. Kyrsten Sinema however overall was a force for good. Without her and Joe Manchin, Joe Biden's $11 trillion plan to bankrupt America (see link above from Reason Magazine) might have been realized. Instead, Democrats only managed to pass five or six trillion in unfunded spending in 2021 and 2022.

I don't know how Sneaky Chuck Schumer got Kyrsten to take the blame for this one. He's been keeping the carried interest loophole alive for years with backdoor machinations. Maybe this is how:

https://www.washingtonexaminer.com/o...erest-loophole

As to capital gains, while progressive think tanks would have you believe otherwise, mainstream economists believe the revenue maximizing capital gains tax rate is around 30%. The current maximum federal rate is 23.8%, and the state + federal rate in deep blue California is 37.1%. The only reason to raise the maximum capital gains rate to 43.4% (56.7% including the state income tax in California) as proposed by Joe Biden would be for political purposes, to demagogue and soak the rich. Everyone loses though as the federal government would collect less in revenues. When the capital gains tax rate is set too high, people just don't sell assets. Not only that, the economy doesn't operate as efficiently. To take an example from the last century, it's like encouraging people to keep their shares in the buggy whip manufacturer, instead of selling them, paying the capital gains tax, and reinvesting in Ford Motor Company. A similar principle applies to the federal tax on dividends, which Biden also wanted to raise to 43.4%. Thankfully Sinema and Manchin prevented this too.

And the richest neighborhoods are all voting Democrat now. Gee, I wonder why.

Maybe you can tell me how sky high interest rates and higher prices including on housing help the poor and middle class.

As to your first point, not necessarily. My city has the highest per capita income and per capita GDP in the USA. And it's deep red. It went for Trump by 57 percentage points in 2020.

It would be more correct to say neighborhoods with a propensity to suck off the government tit are voting Democratic. As are people who benefit from Democratic Party policies. And the inverse is true. The reason my city is deep red even though there are more Hispanics than whites is because many Democrats want to kill the main industry here as they mistakenly think that will prevent global warming. Anyway, look at Sam Bankman Fried and green energy entrepreneurs. They're wealthy, and firmly behind Democrats.

You mean you were dumb enough to think you could print up trillions of dollars, pay people to not work, and NOT have a recession? LOL.

My recession? No, you Democratic douches thought the above would not cause one. Do you know anything about economics outside of Republicans bad, Dems good?
.

I see where you're going with this Elvis. Yes if Washington keeps printing trillions, and our federal debt held by the public increases a lot more from the previously unimaginable 100% of GDP level, we'll go the same way as southern Europe. In the short term, Biden and the Democrats juiced the economy by pumping $1. 9 trillion of unneeded stimulus into economy in the first quarter of 2021 through the American Rescue Plan, followed by an addition $3 trillion+ of unfunded spending spread over 10 years through other legislation. This actually reduced the probability of recession during the time that Biden was president and Democrats controlled the House and Senate. But at what cost? The bankrupting of America?