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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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17 minutes ago, daz28 said:

Like I said, it wasn't an insult, but you chose to take it that way, so that's on you.  Anyways, how it affects one industry, that you're familiar with, doesn't mean you understand how it affects thousands of other industries.  That's why I said it's a complex mixed bag.  I'm not claiming to know much about it myself.  In fact, kind of admitting I don't know much other than some people say it hurt their business, while others have said it helped.  

 

What you are doing is claiming a general view and not considering specifics within that proclamation.

Tariffs against parties competing on equal footing are not desirable.

Tariffs against parties that are stealing technology, stealing manufacturing processes, and stealing copyrighted/patented property warrants response. 

That is China, and that is where we are. 

 

China has been stealing from the US manufacturer and employer, and thus the employee for years, and in the last few years has elevated the threat to a military component.

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On 2/8/2024 at 3:21 PM, sherpa said:

 

What you are doing is claiming a general view and not considering specifics within that proclamation.

Tariffs against parties competing on equal footing are not desirable.

Tariffs against parties that are stealing technology, stealing manufacturing processes, and stealing copyrighted/patented property warrants response. 

That is China, and that is where we are. 

 

China has been stealing from the US manufacturer and employer, and thus the employee for years, and in the last few years has elevated the threat to a military component.

This was well-thought out and designed by Chinese authorities to set the price of selling and doing business in China as the sharing technology typically through joint venture agreements which made "stealing" technology easier.  Companies willingly entered these agreements seeing stars in the eyes over the huge market potential.  Along with this came infiltration of domestic US businesses and government through spies and bribes to employees to steal and transfer technology.  While voices raise more and more concerns about these practices China has also engaged in a practice called "elite capture" which is more or less paying off influential people to object to and obstruct any actions to tighten up security. 

 

It should also be noted while our officials in Washington sit around playing with themselves China has made huge inroads in Central and South America.  Right in our own backyard as we focus on events elsewhere.   

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On 2/8/2024 at 12:50 PM, Tiberius said:

Tariffs to what end? Then they put more on us, we lose markets, prices rise and consumers have fewer choices. 

 

Tariffs are crude measure and free trade works to improve the general prosperity of all. 

I understand the idea of using tariffs as a strategy to promote lower tariffs from our trade partners, a kind of tit-for-tat thing.

But the history of that strategy isn't very promising.

In general, tariffs mean consumer items cost more, and harm the U.S. economy. That part is abundantly clear.

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43 minutes ago, All_Pro_Bills said:

 

It should also be noted while our officials in Washington sit around playing with themselves China has made huge inroads in Central and South America.  Right in our own backyard as we focus on events elsewhere.

isolationism and tariffs are the opposite of what you suggest we need to do.  Those are populist actions of "playing with themselves".  Simple proposed solutions to complex problems = fascism.  Historically, these solutions turned out to be BS or even evil...

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7 minutes ago, Joe Ferguson forever said:

isolationism and tariffs are the opposite of what you suggest we need to do.  Those are populist actions of "playing with themselves".  Simple proposed solutions to complex problems = fascism.  Historically, these solutions turned out to be BS or even evil...

The Smoot-Hawley Tariff of 1930 made the depression worse as international trade plummeted after it and the retaliatory tariffs that followed. Hitler might not of grabbed power had that measure not gone into effect. 

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23 minutes ago, Tiberius said:

The Smoot-Hawley Tariff of 1930 made the depression worse as international trade plummeted after it and the retaliatory tariffs that followed. Hitler might not of grabbed power had that measure not gone into effect. 

The onerous terms and conditions imposed on Germany by the Treaty of Versailles had the greatest impact on the conditions that facilitated Hitler's rise to power. 

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2 minutes ago, All_Pro_Bills said:

The onerous terms and conditions imposed on Germany by the Treaty of Versailles had the greatest impact on the conditions that facilitated Hitler's rise to power. 

No. That is what Hitler said, though. Blamed the whole depression on the Treaty. The Great Depression brought Hitler to power. In 1928 the Nazis got about 2% of the vote. After the Depression hit they topped out at 37% and seized power 

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19 minutes ago, Tiberius said:

@Irv 🤮

Just take the emoji's as a badge of honor.  These fools never rebut with any references or data except nut job sources like cat crap.  Their use of emojis to answer difficult, complex questions means you've won and simultaneously revealed their ignorance....Thanks for the history lesson on Smoot-Hawley.

Edited by Joe Ferguson forever
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2 minutes ago, Joe Ferguson forever said:

Just take the emoji's as a badge of honor.  These fools never rebut with any references or data except nut job sources like cat crap.  Their use of emojis to answer difficult, complex questions means you've won....Thanks for the history lesson on Smoot-Hawley.

No, they never rebut with references or data, because for them this is not about references or data.

They are America's Putins. They are more interested in achieving what their particular view of American Greatness means. In other words, they don't care if overall standards of living decline in America or in the world in general. They care that America is considered the world's greatest industrial power, even if our comparative advantage is no longer in heavy industry. Just like Putin, who couldn't care less about the general standard of living of his people as long as his Russia is dominant in what he calls Eurasia. To me it is a bizarre and irrational thought process, but that's where we are. And that's why rational argument will never work with them, and why they refuse to engage in it.

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14 minutes ago, The Frankish Reich said:

No, they never rebut with references or data, because for them this is not about references or data.

They are America's Putins. They are more interested in achieving what their particular view of American Greatness means. In other words, they don't care if overall standards of living decline in America or in the world in general. They care that America is considered the world's greatest industrial power, even if our comparative advantage is no longer in heavy industry. Just like Putin, who couldn't care less about the general standard of living of his people as long as his Russia is dominant in what he calls Eurasia. To me it is a bizarre and irrational thought process, but that's where we are. And that's why rational argument will never work with them, and why they refuse to engage in it.

It's interesting to speculate about their motives.  There is certainly an element of white supremacy on this board and in recent years we've discovered it to be quite prevalent in the general population.  There is no rational, ethical argument to support white supremacy just as there aren't rational arguments for the conspiracy theories the Q nuts believe.  I think it may just come down to bizarre wishful thinking.  As you suggest, in the unlikely event that their political wet dreams come to pass, they'll likely be worse off than before.  In the meantime, Jan 6 has taught us that stupid people can definitely be dangerous.

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Just now, Joe Ferguson forever said:

As you suggest, in the unlikely event that their political wet dreams come to pass, they'll likely be worse off than before

And what I'm saying is that they would be happy with that. I mean, at least they think they'd be happy with that - an America that is a lot more like their nostalgic vision of the 1950s. Consumer goods cost more. There's less disposable income. Etc, etc. In reality, as soon as that starts to happen and GDP numbers reflect it, they'd be on to another political fad.

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23 minutes ago, The Frankish Reich said:

No, they never rebut with references or data, because for them this is not about references or data.

They are America's Putins. They are more interested in achieving what their particular view of American Greatness means. In other words, they don't care if overall standards of living decline in America or in the world in general. They care that America is considered the world's greatest industrial power, even if our comparative advantage is no longer in heavy industry. Just like Putin, who couldn't care less about the general standard of living of his people as long as his Russia is dominant in what he calls Eurasia. To me it is a bizarre and irrational thought process, but that's where we are. And that's why rational argument will never work with them, and why they refuse to engage in it.

 

This is (again, unintentionally) hilarious.  At least we acknowledge that America was great at one time.  You guys OTOH hate America/never thought it was great and are looking for it to become some Shangri-La that can't/won't ever exist, and are just making everything worse for everyone in the process.  I mean when your examples of "rational thought" are to say "yeah, it's OK for kids to have life-altering gender surgery as a minor" or "yeah, biological males competing against biological females is fine"...

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4 minutes ago, Doc said:

 

This is (again, unintentionally) hilarious.  At least we acknowledge that America was great at one time.  You guys OTOH hate America/never thought it was great and are looking for it to become some Shangri-La that can't/won't ever exist, and are just making everything worse for everyone in the process.  I mean when your examples of "rational thought" are to say "yeah, it's OK for kids to have life-altering gender surgery as a minor" or "yeah, biological males competing against biological females is fine"...

Silly nonsequiturs.

America was, and is, great. That greatness is found not in some imaginary memory of a Garden of Eden, but in our ability to continuously meet new challenges and to remain the most productive people in the world with the greatest capacity for rewarding hard work and innovation.

It seems to me that the America Haters are the ones who deny that this country remains great. That's the whole point of Make America Great Again.

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1 hour ago, Tiberius said:

No. That is what Hitler said, though. Blamed the whole depression on the Treaty. The Great Depression brought Hitler to power. In 1928 the Nazis got about 2% of the vote. After the Depression hit they topped out at 37% and seized power 

Hitler insisted the surrender of France during WW2 would be held in the very rail car the German's were made to surrender in after WW1.  Obviously, that was a symbolic venue which resonated with the social mood of the country at the time.  The terms of the treaty facilitated the hyperinflation experienced in Germany.  Something that didn't appear in other countries.  Compare that to the inflation rate in the US or the European countries during the 1930's

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22 minutes ago, All_Pro_Bills said:

Hitler insisted the surrender of France during WW2 would be held in the very rail car the German's were made to surrender in after WW1.  Obviously, that was a symbolic venue which resonated with the social mood of the country at the time.  The terms of the treaty facilitated the hyperinflation experienced in Germany.  Something that didn't appear in other countries.  Compare that to the inflation rate in the US or the European countries during the 1930's

The hyper inflation was gone by the time the Great Depression hit (The Depression was a deflationary event) Germany had recovered from the hyper inflation when the Nazis just got that 2% of vote in 1928 

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1 hour ago, The Frankish Reich said:

Silly nonsequiturs.

America was, and is, great. That greatness is found not in some imaginary memory of a Garden of Eden, but in our ability to continuously meet new challenges and to remain the most productive people in the world with the greatest capacity for rewarding hard work and innovation.

It seems to me that the America Haters are the ones who deny that this country remains great. That's the whole point of Make America Great Again.

Exactly.  Look at the crowds at MAGA rallies or the prose and knowledge of the MAGAs here.  Most haven't been able to access the greatness of the American dream.  They can't adapt to a changing world and labor market so they'd rather go back to 1 car, 1 tv, mac and cheese, tiny house standard of living.  In that scenario, they're not so far behind and so resentful.  America is still great for a great many.  The country is about winners and losers.  Always has been and hopefully always will be with well defined and administered rules for everyone.  Fair competition makes America great.

Edited by Joe Ferguson forever
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3 hours ago, The Frankish Reich said:

Silly nonsequiturs.

America was, and is, great. That greatness is found not in some imaginary memory of a Garden of Eden, but in our ability to continuously meet new challenges and to remain the most productive people in the world with the greatest capacity for rewarding hard work and innovation.

It seems to me that the America Haters are the ones who deny that this country remains great. That's the whole point of Make America Great Again.

 

Please.  Dems want to "fundamentally transform" America.  As I repeatedly say, you can't love something if you want to fundamentally transform it.  

 

And America's greatness is hanging-on by a thread.  But greatness doesn't automatically last and recognizing when things are starting to fall apart is the key.  Not trying to change it to something it never was.

 

As for rewarding hard work, are we?  Or are things being dumbed down?

Edited by Doc
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1 hour ago, Joe Ferguson forever said:

They can't adapt to a changing world and labor market so they'd rather go back to 1 car, 1 tv, mac and cheese, tiny house standard of living.  In that scenario, they're not so far behind and so resentful.

In other words, they cling to their guns and religion because they've been left behind by the new economy.

Hillary's gaffe was the classic Michael Kinsley gaffe: when a politician accidentally speaks the truth.

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1 hour ago, The Frankish Reich said:

In other words, they cling to their guns and religion because they've been left behind by the new economy.

Hillary's gaffe was the classic Michael Kinsley gaffe: when a politician accidentally speaks the truth.

Hillary’s gaffe…good one. Black Jesus was the author of bitter clingers. It was not a gaffe either. 🤦🏾‍♂️🤦🏾‍♀️🤦🏾

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The Bankruptcy of Bidenomics.

 

Biden’s economic policies gave us three years of excessive, wasteful, and poorly targeted federal spending.

 

Higher deficits, meanwhile, mean more spending on interest: “Rising interest rates and persistently large primary deficits cause interest costs to almost triple in relation to GDP between 2023 and 2053,” the CBO noted. Small wonder that Biden stopped bragging about the deficit.

 

 

https://reason.com/2024/02/04/the-bankruptcy-of-bidenomics/

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EVERYTHING IS GOING SWIMMINGLY:

 

America’s housing affordability crisis makes a comeback after a brief respite.

 

 “Buyers and sellers came off the sidelines in December when the Fed signaled it would lower interest rates three times in the next year, but now some are getting cold feet because the Fed indicated that rate cuts may come later than expected.

 

https://www.axios.com/2024/02/21/mortgage-rates-housing-affordability

 

 

 

I wouldn’t call a month or two a respite — more of a blip.

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The Lasting Damage of Bidenomics

Real Clear Politics, by K. S. Bruce

 

Recently, Democratic Party-cheerleading economist Paul Krugman declared, “Inflation is over. We won.” This is like a robber shooting you and then declaring, “The coma I put you in is over! We won!”

 

The truth is that the wild inflation, high interest rates, bank failures, and other economic harms of the last three years were all entirely avoidable and all entirely caused by President Biden and the Democrats’ arrogant and unwise policies.

 

This is not “Monday morning quarterbacking.” Some of us were saying this well before the fact. My May 7, 2021 column (“Joe Biden, Economy Killer”) accurately forecast the inflation, rising interest rates, and rising government debt service

 

https://www.realclearpolitics.com/articles/2024/02/24/the_lasting_damage_of_bidenonmics_150552.html

 

 

 

 

.

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On 2/15/2024 at 11:52 AM, Doc said:

 

Please.  Dems want to "fundamentally transform" America.  As I repeatedly say, you can't love something if you want to fundamentally transform it.  

 

And America's greatness is hanging-on by a thread.  But greatness doesn't automatically last and recognizing when things are starting to fall apart is the key.  Not trying to change it to something it never was.

 

As for rewarding hard work, are we?  Or are things being dumbed down?

People that are stuck in the past that’s you
 

They’re not transforming America things evolve

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2 hours ago, John from Riverside said:

People that are stuck in the past that’s you
 

They’re not transforming America things evolve

 

LOL!  Allowing biological males to compete against biological females, porn in children's libraries and allowing 8M illegals isn't "evolving."

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Just now, Doc said:

 

LOL!  Allowing biological males to compete against biological females, porn in children's libraries and allowing 8M illegals isn't "evolving."

Says the guy that swings over the party that had a Congresswoman literally performing sexual acts in a room filled with children and lied about it

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10 minutes ago, John from Riverside said:

Says the guy that swings over the party that had a Congresswoman literally performing sexual acts in a room filled with children and lied about it

 

Did I ever say that was OK?

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