Author Topic: A depression of the likes we have never seen before.  (Read 4197 times)

Dalal.Holdings

  • Hero Member
  • *****
  • Posts: 1529
Re: A depression of the likes we have never seen before.
« Reply #50 on: October 27, 2020, 09:22:49 AM »
When Republican “trickle down economics” is disproven for the 20th time: “it didn’t work because x happened”!

At the end of the day, wide income/wealth inequality needs to be addressed. Damage that’s been done to the middle class needs to be addressed. Republicans have no solution to this (like with healthcare).

“It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.”


How about for starters American drug companies charge Americans the same amount for drugs as across the border in Canada? Oh I forgot, medicare can’t negotiate on drug prices and thanks to R’s during Bush admin (and all other insurers set pricing anchored to what Medicare pays)...Meanwhile those pharma cos moved to Ireland for lower taxes...

Trump had plenty of time to come up with a plan. There is none.

If Republicans have the courage to do it, then abolish Medicare completely—but they won’t so we’re stuck with grossly overpriced drugs because the largest purchaser of drugs has no power to negotiate.
« Last Edit: October 27, 2020, 09:24:32 AM by Dalal.Holdings »


Castanza

  • Hero Member
  • *****
  • Posts: 1921
Re: A depression of the likes we have never seen before.
« Reply #51 on: October 27, 2020, 09:24:34 AM »
Good thing the energy sector is thriving with jobs, coal is “booming”, and after “New Nafta”, manufacturing stopped moving overseas...

See you on the wind farm job site.  ::)
Core: MSFT | GOOG | AAPL | INTC | CMCSA | VZ | RTX | MSGS | BATRK | PBCT | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money:

Castanza

  • Hero Member
  • *****
  • Posts: 1921
Re: A depression of the likes we have never seen before.
« Reply #52 on: October 27, 2020, 09:26:57 AM »
When Republican “trickle down economics” is disproven for the 20th time: “it didn’t work because x happened”!

At the end of the day, wide income/wealth inequality needs to be addressed. Damage that’s been done to the middle class needs to be addressed. Republicans have no solution to this (like with healthcare).

“It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.”


How about for starters American drug companies charge Americans the same amount for drugs as across the border in Canada? Oh I forgot, medicare can’t negotiate on drug prices and thanks to R’s during Bush admin (and all other insurers set pricing anchored to what Medicare pays)...Meanwhile those pharma cos moved to Ireland for lower taxes...

Trump had plenty of time to come up with a plan. There is none.

If Republicans have the courage to do it, then abolish Medicare completely—but they won’t so we’re stuck with grossly overpriced drugs because the largest purchaser of drugs has no power to negotiate.

So the democrat solution is to monopolize this and consolidate the power even more? Every single attempt to control healthcare and drug prices through government intervention has yielded the complete opposite results.

"Lets force employers to pay insurance for employees!" Worked out great.....right?

Core: MSFT | GOOG | AAPL | INTC | CMCSA | VZ | RTX | MSGS | BATRK | PBCT | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money:

Gregmal

  • Hero Member
  • *****
  • Posts: 5888
Re: A depression of the likes we have never seen before.
« Reply #53 on: October 27, 2020, 09:28:51 AM »
Good thing the energy sector is thriving with jobs, coal is “booming”, and after “New Nafta”, manufacturing stopped moving overseas...

See you on the wind farm job site.  ::)

Somewhere down the line theres going to be an arbitrage opportunity where select people can buy barren farmland for $1,000 an acre and then lease it to the government for $50,000 an acre as long as its used for solar/wind energy purposes. They will also get a $10,000 tax credit.

Gregmal

  • Hero Member
  • *****
  • Posts: 5888
Re: A depression of the likes we have never seen before.
« Reply #54 on: October 27, 2020, 09:32:26 AM »
If people want their employer to pay for their healthcare they are more than capable of negotiating that before they go to work. I dont even think there are any laws against it either.

Viking

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 2406
Re: A depression of the likes we have never seen before.
« Reply #55 on: October 27, 2020, 09:43:58 AM »
Whether one is liberal or conservative, depends on what policies you support. Despite what people claim, thats all there is to it. If it walks like a duck, quacks like a duck, and tells you it s a pterodactyl, its still a duck.

So are you saying that if I didn't support segregation, then I'm a liberal, since segregation was a conservative position?  There are dumb positions throughout history, and it is only in hindsight that you realize that.  Often, there are positions that are greater than liberal or conservative...many times it's simply just right and wrong!  Cheers!

Times change. Positions that are consensus can be wrong. I think abortion will eventually be one of them. I do not think the 2020 election will be. Trump is a total buffoon but policy wise, pretty boringly conservative.

So his running massive budget deficits when the economy was running hot was ‘boringly conservative’? Trump has been a fiscal train wreck. He is no ‘conservative.’ He is an opportunist (a wolf dressed in sheep's clothing).

———————————
President Trump's Impact on the National Debt
- https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1 Instead, his budget estimates showed that he would actually add at least $8.3 trillion, increasing the U.S. debt to $28.5 trillion by 2025.2 However, the national debt may reach that figure much sooner. When President Trump took office in January 2017, the national debt stood at $19.9 trillion. In October 2020, the national debt reached a new high of $27 trillion.

That's an increase of almost 36% in less than four years

How much of this is attributable to the time period from March 2020 onward? Yea, I know. Trump created covid just like Hillary and Obama created ISIS.

Covid? Really? That is the best you can do :-)

The fact is Trump blew a gaping hole in the federal deficit when he passed the tax cuts; my understanding this happened well before covid (but i am sure we will soon discover a link to a story that Covid was around back then).

Trump is a real estate man who built hos fortune with debt. Fiscal conservative? Sorry, i am not buying :-) But good try.

The longer Trump is associated with the Republican party the more he is going to remake it in his image. And because Trump is such a hot mess we can see what the Republican party has look forward too. Sometimes in life you get what you deserve. Republicans are in deep shit. (FYI, uneducated white males are a declining demographic in America :-)


Gregmal

  • Hero Member
  • *****
  • Posts: 5888
Re: A depression of the likes we have never seen before.
« Reply #56 on: October 27, 2020, 09:50:56 AM »
If you want to split hairs, you can. I never said Trump was an ardent fiscal conservative. You are pointing to one thing, which is partially fueled by a rather extraordinary event. I simply said his policies were pretty boringly conservative. He is hardly the first conservative President to pass tax cuts, attempt immigration reform, appoint conservative judges, etc. The only reason they dont seem boring is because he screams them from the megaphone every time he tries to do something. But on paper, I dont see anything all that remarkable that would distinguish him from what anyone else from the party would have likely done.

Castanza

  • Hero Member
  • *****
  • Posts: 1921
Re: A depression of the likes we have never seen before.
« Reply #57 on: October 27, 2020, 10:35:15 AM »
Whether one is liberal or conservative, depends on what policies you support. Despite what people claim, thats all there is to it. If it walks like a duck, quacks like a duck, and tells you it s a pterodactyl, its still a duck.

So are you saying that if I didn't support segregation, then I'm a liberal, since segregation was a conservative position?  There are dumb positions throughout history, and it is only in hindsight that you realize that.  Often, there are positions that are greater than liberal or conservative...many times it's simply just right and wrong!  Cheers!

Times change. Positions that are consensus can be wrong. I think abortion will eventually be one of them. I do not think the 2020 election will be. Trump is a total buffoon but policy wise, pretty boringly conservative.

So his running massive budget deficits when the economy was running hot was ‘boringly conservative’? Trump has been a fiscal train wreck. He is no ‘conservative.’ He is an opportunist (a wolf dressed in sheep's clothing).

———————————
President Trump's Impact on the National Debt
- https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years.1 Instead, his budget estimates showed that he would actually add at least $8.3 trillion, increasing the U.S. debt to $28.5 trillion by 2025.2 However, the national debt may reach that figure much sooner. When President Trump took office in January 2017, the national debt stood at $19.9 trillion. In October 2020, the national debt reached a new high of $27 trillion.

That's an increase of almost 36% in less than four years

How much of this is attributable to the time period from March 2020 onward? Yea, I know. Trump created covid just like Hillary and Obama created ISIS.
FYI, uneducated white males are a declining demographic in America :-)

And unintelligent/misinformed college graduates are on the rise  :D
Core: MSFT | GOOG | AAPL | INTC | CMCSA | VZ | RTX | MSGS | BATRK | PBCT | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money:

Gregmal

  • Hero Member
  • *****
  • Posts: 5888
Re: A depression of the likes we have never seen before.
« Reply #58 on: October 27, 2020, 11:00:57 AM »
The current college phenomenon is very similar to the kingdom builder CEO strategy. Growth is deceptive and misleading, often unhealthily funded, but bigger size, more students, more teachers, etc = easy justification for higher pay for those at the top and the circular comparisons to peer groups that all empower each other to keep the cycle going.