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POTUS 45:46: New Year, Same 'Ol Crap.

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Re: POTUS 45:46: New Year, Same 'Ol Crap.

Turtle Boy has abdicated his power to Trump.

McConnell has said measures approved by the House are non-starters on his side of the Capitol without the president's support.

"Any viable compromise will need to carry the endorsement of the president before it receives a vote," he said.
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http://www.startribune.com/newly-em...VL0tbfU9EpWD2-xFnDqAKKRx4PTsh-pv0h8wISvh-uj2k

Meanwhile.

Trump met with the congressional leaders for the second time in three days amid an impasse over Trump's funding demands for his proposed wall at the U.S.-Mexico border. Democrats emerged from the lengthy meeting to report little if any progress

"We told the president we needed the government open. He resisted. In fact, he said he'd keep the government closed for a very long period of time, months or even years," said Democratic Senate Minority Leader Chuck Schumer.

Trump spoke more positively about the session, which lasted roughly two hours, calling it a "very good meeting." But he confirmed he made the comment about the possible length of the shutdown.

"Absolutely I said that," Trump said, but he added that he hopes it won't be that long.
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And, all of this is intentionally misleading.
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

St. Clown said:
Fails to answer? The man's working in a warehouse right now. He doesn't even know that a reply exists to one of his posts from last night. Failed?
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Forget it, he's rolling. ;)

Even better, I'm the one he wants, not Rube. So to answer this:

FadeToBlack&Gold said:
Which is precisely why Warren would be a disaster. Sanders is more liked than she is.
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rufus said:
And just why is that?
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She sometimes comes off as a scold. Like a Catholic school English teacher admonishing a student for failing to complete a writing assignment. History has shown that Americans don't like politicians to scold them, and particularly ones who insult their intelligence (no matter how thoroughly average that might be).
 
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Re: POTUS 45:46: New Year, Same 'Ol Crap.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">As I have stated many times, if the Democrats take over the House or Senate, there will be disruption to the Financial Markets. We won the Senate, they won the House. Things will settle down. They only want to impeach me because they know they can’t win in 2020, too much success!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1081175076727345152?ref_src=twsrc%5Etfw">January 4, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">How do you impeach a president who has won perhaps the greatest election of all time, done nothing wrong (no Collusion with Russia, it was the Dems that Colluded), had the most successful first two years of any president, and is the most popular Republican in party history 93%?</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1081177511592108032?ref_src=twsrc%5Etfw">January 4, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

Nothing says "National Emergency" like border crossings being near a twenty-year low.
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

French Rage said:
Nothing says "National Emergency" like border crossings being near a twenty-year low.
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That's part of the Deep State's plan. As soon as we're back in power, we're just gonna fling those borders wide open, and let the 'invaders' POUR IN! ;)
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

Rover said:
I'll play along trix! Explain to me in your own words how Glass Steagall's repeal caused the great recession. This ought to be good...
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I'm not going to try and convince someone who already made up his mind but it's not hard to see how GLBA allowing commercial and investment banks to merge and become larger and take on larger newer risks (and then completely capsizing) made the global financial crisis worse than it otherwise would've been. And GLBA is only one piece of legislation that passed during the Clinton admin that deregulated banks and allowed for the financial crisis to happen. Saying it's solely on Bush is the simpleton answer.
 
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Kepler said:
Not really. Genuine investment spending (people, infrastructure) more than pays for itself. We can certainly cut the corporate welfare but the way out of the deficits is to finally return to revenue sanity. The 1% are into us for about $10T since Reagan created the tax cut Santa Claus. Claw that back and we are well on our way to fiscal sanity. Not to mention that inequality is very expensive (corruption, crime, cronyism) so a return to egalitarianism will also pay for itself.

The US was led on a 38-year wild goose chase by the supply siders. Verdict's in. Time for the super wealthy to end.
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Debt taken on long term projects/assets is good (ie mortgage). Debt taken on to balance a budget shortfall (ie credit card) is bad.

And we've always had the uber rich. We will always have the uber rich, just the names will change as the business cycle changes.

BTW, can Dr. Mrs. push the Red/Green tax overhaul plan now that Nancy controls tax policy?.
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

Hahahahahahahaha. I bet Donnie isn’t worried about security now

“BREAKING: CNN reporting hundreds of TSA screeners at airports across the country, who are being forced to work without pay, have begun calling in sick.”
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

Deutsche Gopher Fan said:
Hahahahahahahaha. I bet Donnie isn’t worried about security now

“BREAKING: CNN reporting hundreds of TSA screeners at airports across the country, who are being forced to work without pay, have begun calling in sick.”
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good.
mookie would call in sick too.

or mail a letter :p
 
Deutsche Gopher Fan said:
Hahahahahahahaha. I bet Donnie isn’t worried about security now

“BREAKING: CNN reporting hundreds of TSA screeners at airports across the country, who are being forced to work without pay, have begun calling in sick.”
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They'll get their back pay when the appropriation bill is passed.

If Nancy is smart, she puts together 2 bills. Bill 1 funds everything except the wall. That will pass veto proof. Bill 2 funds the wall (or whatever).
 
joecct said:
They'll get their back pay when the appropriation bill is passed.

If Nancy is smart, she puts together 2 bills. Bill 1 funds everything except the wall. That will pass veto proof. Bill 2 funds the wall (or whatever).
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You mean like how, yesterday, she filed one bill for everything but Homeland security, and a second bill for Homeland security? The hell you say.
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

trixR4kids said:
I'm not going to try and convince someone who already made up his mind but it's not hard to see how GLBA allowing commercial and investment banks to merge and become larger and take on larger newer risks (and then completely capsizing) made the global financial crisis worse than it otherwise would've been. And GLBA is only one piece of legislation that passed during the Clinton admin that deregulated banks and allowed for the financial crisis to happen. Saying it's solely on Bush is the simpleton answer.
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Makes no sense whatsoever. The fundamental cause of the crisis was the willingness of mortgage lenders to lend, and people to borrow, amounts that were way above their financial means. This was all done on the assumption that real estate prices would continue to escalate and that coupled with securitization meant there was no risk. Glass Steagall has zilch to do with this. Going further, AIG taking the opposite position on every hedge with zero ability to cover has nothing to do with the former law either. Beyond even that, Bear Stearns, Lehman and WaMu, 3 of the biggest failures, were not affected by the law one way or the other. Not sure about Wachovia.

Finally, the ratings agencies were in bed with banks and giving high ratings to the securitized debt in order to maintain business relationaships. Again, unaffected by the law. There is zero evidence that larger banks were encouraged to "take on more risk" than they would have especially in light of the fact that the mortgage debt problems affected a whole host of banks from the large to the small.

This conversation reminds me of the time Kep tried to tell me that banks weren't required to have higher liquidity and capital requirements by law (Dodd-Frank) because he heard Basel III hadn't been implemented yet...
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

Rover said:
This conversation reminds me of the time Kep tried to tell me that banks weren't required to have higher liquidity and capital requirements by law (Dodd-Frank) because he heard Basel III hadn't been implemented yet...
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I suppose that might have been me but I don't remember what Basel III was so... maybe not?
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

Deutsche Gopher Fan said:
Hahahahahahahaha. I bet Donnie isn’t worried about security now

“BREAKING: CNN reporting hundreds of TSA screeners at airports across the country, who are being forced to work without pay, have begun calling in sick.”
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According to Dr. Mrs. this is now happening all across DHS. They are calling it "furloughing yourself." You show up a couple days, then you get sick. Or your kid gets sick. They can't fire you for being sick.

F-ck you, GOP.
 
Re: POTUS 45:46: New Year, Same 'Ol Crap.

No mention of Citigroup and BOA for some reason... hmm. Not to mention after the GLBA the merged banks significantly weakened their underwriting standards and had a higher on average default rate than investment banks. As you note this wouldn’t have prevented those pure investment banks from doing anything that caused their own demise and to my knowledge you’re right but that doesn’t mean the GS act couldn’t have lessened the impact of the crisis by separating some of the large merged institutions I mentioned above that eventually got bailed out.

Even if you want to argue the GS repeal wasn’t the sole act that destroyed our economy (which... no **** lol) Clinton also signed the CFMA which lowered the regulatory standards for trading CDO’s and CDS’s, which were the main financial instruments being traded before the economy crashed.

In short letting Clinton completely off he hook for the financial crisis is in ludicrous territory.
 
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