The Trump Economy

[Capco]

37 minutes ago, Koko78 said:

 

Well, I was guessing that you would just look at the URLs and make a comment about a website while ignoring the content.

 

Nice to see you didn't disappoint.

You can’t post breitbart and ever expect to be taken seriously by anyone who doesn’t drink the red Kool Aid.

[SectionC3]

45 minutes ago, Koko78 said:

 

Well, I was guessing that you would just look at the URLs and make a comment about a website while ignoring the content.

 

Nice to see you didn't disappoint.

Find a better website, get a better result. 

[Koko78]

3 hours ago, Capco said:

You can’t post breitbart and ever expect to be taken seriously by anyone who doesn’t drink the red Kool Aid.

 

3 hours ago, SectionC3 said:

Find a better website, get a better result. 

 

Oh wow, a lecture from the two most disingenuous and intellectually dishonest asshats here! I feel so blessed.

 

One would almost think you morons also intentionally ignored the other 4 links I provided that said the same thing.

Edited July 31, 2020 by Koko78

[SectionC3]

18 minutes ago, Koko78 said:

 

 

Oh wow, a lecture from the two most disingenuous and intellectually dishonest asshats here! I feel so blessed.

 

One would almost think you morons also intentionally ignored the other 4 links I provided that said the same thing.

 

There you go again with your hoaxes.  Also, it's not nice to name call.  FYI - 

[Koko78]

2 minutes ago, SectionC3 said:

 

There you go again with your hoaxes.  Also, it's not nice to name call.  FYI - 

 

Being intellectually dishonest and disingenuous isn't nice either, but you still manage.

[SectionC3]

1 hour ago, Koko78 said:

 

Being intellectually dishonest and disingenuous isn't nice either, but you still manage.

 

Fake news.  

[Koko78]

11 minutes ago, SectionC3 said:

 

Fake news.  

 

Dishonest.

[OldTimeAFLGuy]

1 hour ago, Koko78 said:

 

Being intellectually dishonest and disingenuous isn't nice either, but you still manage.

 

...it IS an art form, right??.........PLENTY of "artists" 'round these parts.........

Edited July 31, 2020 by OldTimeAFLGuy

[Reality Check]

1 minute ago, Koko78 said:

 

Dishonest.

 

Try the ignore feature.

 

You will thank me later.

[OldTimeAFLGuy]

Just now, Reality Check said:

 

Try the ignore feature.

 

You will thank me later.

 

 

....I just cannot deprive myself of the humor........but I'll try....

[GG]

12 hours ago, Capco said:

 

Sounds like you fully support opening up the economy to get us out of the recession.

[Koko78]

9 minutes ago, Reality Check said:

 

Try the ignore feature.

 

You will thank me later.

 

Nah, his dishonesty and stupidity hasn't reached the level of being put on the 'ignore list'.

[SectionC3]

22 minutes ago, Koko78 said:

 

Dishonest.

 

There you go again!

19 minutes ago, OldTimeAFLGuy said:

 

 

....I just cannot deprive myself of the humor........but I'll try....

 

I'm surprised you know what it is!  I realize you graduated eighth grade with some sort of honor/recognition/participation trophy, but still . . . 

11 minutes ago, Koko78 said:

 

Nah, his dishonesty and stupidity hasn't reached the level of being put on the 'ignore list'.

 

Says the guy practicing in the thriving metropolis of Arcade!  

[Buffalo_Gal]

2 hours ago, GG said:

 

Sounds like you fully support opening up the economy to get us out of the recession.

Why are they lying about the 32% drop? That would be a yearly rate (assuming Q2 numbers for 4 quarters which cannot happen in 2020 since Q1 was not a drop). It is not a Q2 number.

[fansince88]

9 hours ago, Capco said:

You can’t post breitbart and ever expect to be taken seriously by anyone who doesn’t drink the red Kool Aid.

Says the guy that drinks blue Fla-Vor-Aid

[Unforgiven]

10 hours ago, Capco said:

You can’t post breitbart and ever expect to be taken seriously by anyone who doesn’t drink the red Kool Aid.

way better than blue toilet water

[Big Blitz]

10 hours ago, Capco said:

You can’t post breitbart and ever expect to be taken seriously by anyone who doesn’t drink the red Kool Aid.

 

 

Why?  Why are you so scared of opposing points of view?  If it's so inaccurate a story or report, tell us why.  

 

I don't care what anyone posts and from where.  

 

If I can easily debunk or refute when I disagree, I will.  

 

If I just say "If you're posting from the NY Times I can't take you seriously," I really didn't advance my own opinion/cause at all.

 

So while I know our entire MSM is hot garbage.  I'll just continue to point out why.  

 

 

The only people that continue to talk about sources they feel are legitimate and want to silence the rest are leftists.  They want us to be China.  Its why they never criticize them.  They really think we should be run like China. 

 

Censorship.  Crony Socialism.  Religious oppression.  Leftist wish list.  

 

 

[B-Man]

 

[OldTimeAFLGuy]

3 minutes ago, B-Man said:

 

 

...SERIOUSLY?.....would you expect anything LESS from "Chuck The Putz"?......NYS has a treasure trove of putzes......Chuck, Spitzer, Silver, Schneiderman, Weiner, Nadler, etc....honorable mention to those I missed.....special thanks to Hillary the Carpetbagger.............

[ComradeKayAdams]

On 7/24/2020 at 9:24 PM, RochesterRob said:

  I guess that I would counter that the US economy was perhaps at its strongest for a few decades after WWII providing a potent taxable income base to repay debt.  Nearly all sectors were undergoing growth never seen in the history of the world.  Predatory lending was limited to the back alleys of the cities.  Today many millions could see financial devastation over a short time period if certain sectors of the economy stall out.  Rather odd that the conservative namely me is making pretty much a non-data connected argument but here I am.  I would prefer that we keep using capitalism even with its imperfections but we have a very motivated group of people trying to push it aside in a Presidential Election Year.  And yes the fallout from the pandemic might prove to be key if many businesses see AI as the hedge they need against future potential losses due to employees not being available for work.  I honestly think that the world is in greater flux than a lot of people tend to think.

 

Yes, the hallmark of a healthy economy is a large, strong middle class like what was seen during the few decades after WW2. These types of economies score well on economic happiness metrics and provide the government with the highest tax revenue needed to pay down big debts. So they represent the approximate end goals of domestic economic public policies.

 

Federal debt is nothing more than a malleable means to reach these more optimal end goals. There are no apparent target numbers like total debt-to-GDP ratios that we should strive for during different economic situations. As long as we increase national debt during economic downturns, then I’m happy. If we’re not doing some combo of cutting taxes or injecting economic stimulus during recessions, then we’re not trying hard enough to get out of them. Balanced budgets (last done under Bill Clinton in 2000) and zero national debt (last done under Andrew Jackson in 1835) can be goals between recessions, but they don’t appear to matter all that much in American macroeconomics. Seems counterintuitive, but that’s because we tend to incorrectly think of federal government debt as perfectly analogous to personal household debt.

 

It’s unclear how much automation will replace human labor after the pandemic, but I don’t think it will be too bad yet and this opinion has more to do with current technology limitations than anything else. The AI revolution is coming, so it’s never too early to start thinking about what our displaced work force can do instead: public works projects, taking up Hillary’s and Joe’s idea of learning to code, arts and crafts, creating online memes, space force cadets, etc… Old sectors of the economy have always been replaced by new technology all throughout capitalism’s history (horse-drawn carriages with cars, Blockbuster with Netflix, etc.), but never at the level of what AI would do. If the transition happens too quickly for the economy to accommodate, then we’ll need government to intervene.

 

On 7/24/2020 at 9:34 PM, 3rdnlng said:

You make a somewhat reasoned argument but the call to chop our defense budget is shortsighted. China has proven lately that they will do most anything to take over our leadership and make us their bitchh. Not only do we need to stay strong but we need to get stronger. It may be the only thing that keeps us out of war with China. 

 

But as you know, a nation’s strength isn’t solely dependent on the size of its military budget. It’s also a matter of HOW and WHERE the military budget is spent, global military force positioning/logistics, war strategy, battle tactics, training/command execution, foreign policy toward allies and enemies, economic strength, internal stability with regards to social and political unrest, and so on...

 

I’m not sure if our military leaders could ever delineate for the American taxpayers a military budget size threshold at which they’d feel confidently safe from Chinese aggression. There will always be an argument to be made for more. The latest proposed US military budget is $740 billion, but let’s use the 2018 numbers for the sake of international comparisons. The entire global defense budget was $1.8 trillion in 2018, with the US leading the way at $650 billion and China in second at $250 billion. This seems…excessive. For starters, I would personally propose cutting about 25% of that annual budget (note: this is much greater than the 10% that Senator Sanders meekly proposed this year and that was unanimously rejected), which would still have us outspending China by a 2-to-1 ratio. Budget cuts would then force our military leaders and politicians to streamline our post-Cold War military, focusing more on high-tech capabilities and less on soldier deployments, while discontinuing the subsidization of other countries’ defense programs.

 

I cannot imagine any realistic scenario where Chinese military aggression would ever play itself out on the world stage without them sustaining devastating multilateral military and economic damage. And I don’t see a physical invasion of our own country at all likely within the next two generations. Remember that our citizens have the second amendment! Modern warfare with the US will either be done purely economically, by cyber security intrusions, or with “accidental” biological weapon releases, but not with big metal machines and bombs and boots on the ground except in very desperately nihilistic scenarios. Some of these grand national defense spending proposals we hear about simply reek of Chinese fearmongering for the sole benefit of the military-industrial complex and the usual neocon suspects. I would argue that we could simultaneously increase our international strength while substantially reducing military costs by establishing a new “Swiss Doctrine” foreign policy ethos centered on strong border defense, non-interventionism (not the same as isolationism!), and last-resort multilateral military offensive engagements. I know I’m speaking a bit too generally, of course, because international relationships and military strategy and ethics are rarely this simplistic. But y’all get my idea, I hope?

 

And finally, I want to quickly note the non-military implications of a potential military budget escalation with China. Foolishly doing so would only replicate the Roman Empire’s classic mistakes, spreading financial investments and other vested interests out too far and wide while decaying internally from the outward diversion of resources. Why not use some of that money to invest in our own citizens and reduce social unrest? Education and health care are two big example investments for me, as you know. Reduced military expenditures would not kill domestic tech jobs, either, but would rather simply free up military company contractors for more socially beneficial ventures such as commercial space tech, commercial electronics, or any of my many fantastic Green New Deal public works project recommendations!