Adre
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Well, AJ is nothing if not comical.
Why have Republicans stopped bragging about the stock market?
- Thread starter RoryN
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Well, AJ is nothing if not comical.
RobDownSouth
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Meanwhile, back in the reality-based world, far far away from the fever dreams of the Von Mises faithful....
Linkee
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Adre
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RobDownSouth
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My favorite AJ economic moment was back in 2012, in the dark days when a darky president occupied the White House.
Back then, the Chief opined that the stock market was a trailing indicator, it was a report card on the President's past performance.
They were so proud. Trumpy was taking credit for it, and they followed suit.
What changed?
TEE HEE
Why do deficit-hawk Repugs say we must cut social programs to pay for their orgy of tax cuts for the rich? To keep their stock holdings from crashing. How much stock do you hold?
Martin Feldstein from The Wall Street Journal in The Week October 12, 2018 p. 34:
Of course, the Stable Genius has his own solution: bully the Fed into lowering interest rates. If we keep aiming the sputtering plane toward the ground, we can increase velocity.
Martin Feldstein from The Wall Street Journal in The Week October 12, 2018 p. 34:
“Another recession is looming,” said Martin Feldstein. And this time the Federal Reserve doesn’t have the tools to turn the economy around. The next crisis won’t be an exact replay of the last one. Homes are not as overvalued as they were in 2006, the peak of the housing bubble. But stocks are at an inflated level, just as house prices were in the mid-2000s. In both cases, the cause is the same: Ultralow interest rates encouraged investors to borrow and spend, sending asset prices rocketing. Just as the housing bubble burst two years after the Fed started hiking interest rates in 2004, rising rates now will push down the stock market. If share prices go back to their historical average relative to corporate profits—about 40 percent below today’s level—$10 trillion of household wealth will be wiped out. And as household wealth drops, consumer spending and economic activity will fall with it. When that happens, the Fed won’t have much room to cut rates. And with federal deficits already rising to $1 trillion a year, Congress won’t be able to spend money to stimulate the economy. The next recession will likely be deep and long, and there’s nothing the government “can do to prevent that from happening.”
Of course, the Stable Genius has his own solution: bully the Fed into lowering interest rates. If we keep aiming the sputtering plane toward the ground, we can increase velocity.
Link?
BotanyBoy
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Not robbing people isn't the same as paying them.....unless you're just a total fucking psychopath.
Nahhhh, the psychopaths are the ones who substitute sex with standing on their front porches in their underwear firing off their guns to express their anger about spending any money at all on programs to maintain social stability (except, of course, programs that support health insurance and retirement funds for certain vets).
BotanyBoy
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You don't need welfare via mass wealth redistribution to maintain social stability.
And being employed by the government isn't the same as getting welfare from the government.
Just like not taxing people isn't the same as paying them.
dingBat
I highlighted THIS
Repugs say we must cut social programs to pay for their orgy of tax cuts for the rich?
LINK??????????????
dingBat
I highlighted THIS
Repugs say we must cut social programs to pay for their orgy of tax cuts for the rich?
LINK??????????????
No link necessary. Just pay attention to their recurring language and plans to "privatize" social security, de-fund Obama-care, and increase military spending while cutting entitlements.
With the decrease in revenue, the cuts have to come from either the military or entitlements. The Repugs consistently advocate for the latter option.
Have you been living under a rock? Oh, sorry, rhetorical question.
Carnal_Flower
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If the Dems don't plaster McConnell's quotes all over the TV they are hopeless.
Direct quote from McConnell. Rs are planning to come after your EARNED BENEFITS.
Direct quote from McConnell. Rs are planning to come after your EARNED BENEFITS.
Link?
RobDownSouth
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dingBat
I highlighted THIS
Repugs say we must cut social programs to pay for their orgy of tax cuts for the rich?
LINK??????????????
Here jew go: McConnell: All Democrats Fault For Not Helping Republicans Cut Entitlements To Pay For Tax Cuts
So, it was just my imagination that the Repugnicans controlled the Senate, the House, and the Presidency for the past two years? McConnell gets away with blaming the minority party?
Maybe McConnell can't count, or maybe the Repugnicans are all talk on this deficit reduction BS.
Maybe McConnell can't count, or maybe the Repugnicans are all talk on this deficit reduction BS.
BoyNextDoor
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The Democrats suck at bumper sticker messaging for the reality challenged to understand.
BotanyBoy
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(R)'s are raising taxes???
Says the guy who thinks free market communism is a thing....LOL
Kirkrapine
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It helps.
Kirkrapine
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I suppose "free market communism" could be an alternate name for the anarcho-syndicalism of the Spanish Revolution. Communistic in some ways, but every workers' or peasants' cooperative was autonomous, controlled neither by the state nor by any party. (That's why Stalin forced the Spanish government to put it down -- he didn't like that kind of revolution at all!)
BotanyBoy
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It can in certain areas if applied and managed appropriately.
That's the thing though....they always go off the rails sooner or later.
Then you got 800 bazzillion dollar school budget but the teachers still gotta run bake sales to get chalk and keep the lights on after they cough up every extra dollar they have out of their own pockets which ain't that deep to begin with.
Where does all that money go?? The kids and classrooms ain't getting it.
Not really....because communism, as it's modern definition (generally accredited to Marx) explicitly implies all property is publicly owned.
Cooperatives have some communistic aspects to them, but everyone contributing and sharing in the benefits is about where that ends. Everything else about it flies in the face of communism because they can only exist in a capitalistic environment .
It's like "state capitalism" isn't capitalism beyond turning a profit....that is the only 'capitalist' thing about it as it explicitly implies/requires a state controlled (socialistic) economy. Furthermore making profit isn't capitalism either just a aspect of it some of the time.
"State capitalism", "free market communism" and "authoritarian liberalism" are the dick and fart jokes of the political/economic world. They are self contradicting bullshit in the extreme it's a joke to try and come up with an explanation as to what any of them might actually be or look like
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