Fux, the anti-news leader
Of course, Fux is only the anti-news leader. Breitbart, Newsmax and others follow closely behind:
[B]Fox is in denial of reality just weeks before the election.
Fox personalities have rejected data showing a reduction in violent crime, record energy production, plummeting inflation, and fewer unauthorized border crossings.
Sept. 26, 2024[/B]
[URL]https://www.mediamatters.org/fox-news/fox-denial-reality-just-weeks-election[/URL]
[QUOTE]In recent weeks, multiple Fox personalities have been in denial of objective reality that under the Biden-Harris administration, especially in recent months, violent crime has declined, inflation is steadily declining, oil and natural gas production are at record highs, and unauthorized border crossings have plummeted.
(See many documented examples here)
[/QUOTE]Naturally, it is highly debatable whether out-right lying on Fux Anti-News Channel to 2-3 million viewers with a couple of million more at most on its Winger media followers does more serious harm to the American people than the pro Repub lies of ommission and pro Repub spin to many millions more viewers and readers on typically pro Repub Mainstream Media.
Wise words from Oren again
[QUOTE=Tiny12;2944313]You understand this a lot better than I do Elvis. I don't have a good grasp on how money is created. I think through increases in high powered or base money and the multiplier effect from lending, you end up with a whole lot more money than what the Fed injected into the system. I'm reading that bank reserves are no longer required in the USA. Do you know if that means the Fed creates base money solely from buying government securities now?
During COVID a lot of people saved stimulus money. They weren't spending. So personal savings grew to huge levels, around $2. 5 trillion. Then they started spending, after the $1. 9 trillion dump from Biden's American Rescue Plan. Demand went up, inflation went up. That's what an economist friend told me anyway.
Interesting comments on gold and silver. Intuitively I always thought a gold backed currency would be asking for deflation. Also good analysis of the Fed's dilemma. What do you do when you have inflation, so you have to raise interest rates, but the national debt is bursting at the seems, so that the country can't afford the interest payments? I wonder if the scenario you described, you raise rates, dampen demand, inflation goes down so that interest rates can go down, could break down in the USA at some point because of excessive debt. I've seen that happen in other countries.
Obviously, as you say I think, if you have massive government spending and run the national debt way up, you're going to slow growth in the long term. You're starving the private sector relative to government. Yeah, spending on government will increase GDP, but it doesn't necessarily improve productivity. (There are exceptions though, for example with wisely-spent infrastructure spending.) And without improvements in productivity, I don't see how you have good long term growth in per capita GDP. As I've noted here more than once, among developed countries, smaller government is correlated with higher GDP per capita.
What do you think happened to all that excessive money that was created in Japan? I guess people saved it, and loaned it back to the Japanese government, so that you didn't have demand pull inflation, until recently?
Now that interest rates are no longer very low, do you think MMT will go out of fashion? In researching it as a result of being intrigued by Goatscrot's posts, I saw that a lot of the press was back around 2020 and prior years. There hasn't been so much since 2022, during the higher rate environment.
Thanks, great write up.[/QUOTE]I would like to see him as Trumps Sec of State.
[URL]https://www.theatlantic.com/politics/archive/2024/09/economic-arguments-tariffs-trump/680015/[/URL]
I wrote this AM he was indicted for bitching about the illegals invading NYC
[QUOTE=CheckMate1;2948122]Last item first, stop making up excuses for criminal behaviors. If you get indicted, it means you broken some laws. Attached is the pdf for the indictment. I know it's boring but these legal documents contain facts on what the charges are, and then the prosecutors will have to prove beyond a reasonable doubt to a jury of his peers. He did win the votes to become mayor so there are more who like then dislike him. DNC, Joe Biden, and FBI didn't force him to commit the crimes. This should not be political.
[URL]https://www.justice.gov/d9/2024-09/u.s._v._adams_indictment_1.pdf[/URL]
SBA (Department of Commerce).
Proud service men and women (Department of Defense).
NTSB (Department of Transportation).
Customs and Border Protection (Department of Homeland Security).
I'll just give you a few examples of why 99% of government workers are not takers. Stop shitting on people who keep our country running. Are there legitamite problems, of course. But stop it with the excessive complaining and not having real facts to back up your arguments.[/QUOTE]LOLOL this afternoon he held a press conference bitching he was indicted for bitching about the invasion of NYC by illegals lolol.
Scumbag Joe belongs in jail with his Junkie son (the art dealer) where are those indictments? But instead he has others indicted, lets see all his pardons after election day.
Will he pardon his whole Scumbag criminal family?
And most "guberment workers" are worthless parasites that are unemployable ie the USPS / FBI.
But some earn their pay, ie some cops, some firemen, some ems, some military (certainly not all).
The FBI is full of scumbags, it needs to be disbanded and start over.
When talking points vanish in thin air
[QUOTE=MarquisdeSade1;2948158]LOLOL this afternoon he held a press conference bitching he was indicted for bitching about the invasion of NYC by illegals lolol.
Scumbag Joe belongs in jail with his Junkie son (the art dealer) where are those indictments? But instead he has others indicted, lets see all his pardons after election day.
Will he pardon his whole Scumbag criminal family?
And most "guberment workers" are worthless parasites that are unemployable ie the USPS / FBI.
But some earn their pay, ie some cops, some firemen, some ems, some military (certainly not all).
The FBI is full of scumbags, it needs to be disbanded and start over.[/QUOTE]I'm not defending any department of the US, they can do that themselves. But take a little time to read into subject matters that are important to you, not just read headlines, or worst regurgitate talking points.
As an FBI example: [URL]https://www.ojp.gov/news/news-release/federal-arrests-increase-24-percent-after-falling-20-year-low[/URL].
Every departments in government was created because there were gaps and exploitable things in every society. Eventually, some departments are bloated, run by incompetent directors, corruptions, and so on, creating excessive spending in those departments, or worst leads to failure at critical times. All of these things happened over time with practically every organizations. When good leadership get elected / hired / installed, they rectify the problem by reorganizing the department and get rid of problems. You see this all the time with corporations. It is lazy to say or repeat, 99% of workers are takers and that it needs to be disbanded and start over. What do you do in the meantime when you get rid of 35,000 workers who are tasked to enforce laws?
The short and accurate answer is Harris and every other Dem on your ballot.
[QUOTE=RamDavidson84;2948338]Honestly, who gives a flying fuck what Biden or junky Hunter does. I could care less about that crooked douchebag. Its irrelevant. Let him sail off into obscurity like Hilary Clinton.
This election should be all about everyone's number one issue! Economy and Inflation! Who is going to fix that shit? Who is going to end the wars so we can keep our tax dollars? Who is creating jobs for Americans? Who is going to keep American working class neighborhoods safe for people to work without fear and chaos? Who is going to bring interest rates down and strength stock investments?
Who is putting money in our pockets so we can catch them flights?[/QUOTE]1. No Trump's Pandemic = No Inflation and Skyrocketing Prices that you have seen over the past 4 years.
2. Biden / Harris ended the War in Afghanistan more than 3 years ago and the American military has not been involved in a War anywhere on the planet since then, a "first" for the USA since Bill Clinton left office in 2001. The less than 1% of our GDP we are spending to prop up our pro democratic allies in the wars they are engaged in while putting our military at zero risk has been one of the greatest bargains in pro global democracy history.
3. The Biden-Harris economic and immigration policies and stewardship as well as that of other Dems in Blue Cities and Blue States created a historic level of jobs and higher wages while still mitigating and lessening the impact of job losses, business closures and inflation due to Trump's horrific mishandling and mismanagement of the very fine economic conditions he inherited from Obama-Biden and his creating and exacerbating Trump's Pandemic.
Yes, even the Biden-Harris border and immigration policies and stewardship contributed to accomplishing the above. And all while reducing crime rates from the historic spike under Trump to 50 year lows:
[B]Are immigrants taking jobs from 'native' U.S. workers? Here's what economists say[/B]
[URL]https://www.cnbc.com/2024/09/28/are-immigrants-taking-jobs-from-us-workers-heres-what-economists-say.html?__source=androidappshare[/URL]
[QUOTE][B]Immigrants expected to boost the economy[/b]
There are several reasons why immigrants largely benefit the economy and job market, economists said.
For one, the job market isnt static.
Immigrants take jobs but they also create new ones by spending in local economies and by starting businesses, economists said. One 2020 research paper from the National Bureau of Economic Research found immigrants are 80% more likely to become entrepreneurs than native workers.
A recent surge of immigrants to the U.S. is expected to add $8.9 trillion (or 3.2%) to the nations GDP over the next decade, according to the Congressional Budget Office, a nonpartisan scorekeeper for Congress.
(Read full report for more of the huge net benefits to America)[/QUOTE]Seriously. With the possible and only "possible" exception if you are yourself a prior undocumented immigrant high-school dropout, the Biden-Harris economic, national security and foreign policies and stewardship has been nothing but a huge net positive for your economic well-being vs what Trump wrought and handed them and the rest of the world 4 years ago.
