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

[Drew S.]

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.

Not all spending is the same, and I’m not saying we should increase revenue/cut spending in equal measure. I couldn’t agree with you more on trying to reduce inequality.

 

[Kepler]

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

And charisma is king. Dems need to remember that.

It sure doesn't hurt.

 

[5mn_Major]

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

The author is a card carrying loon. Small wonder trix is quoting his articles from 6 years ago!

Yeah. I just don't know how balancing the budget in 1998 creates a major recession in 2008 when the intervening years of 2003-2006 saw the budget and debt explode again. The logic is impossible.

 

[Rover]

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

Yeah. I just don't know how balancing the budget in 1998 creates a major recession in 2008 when the intervening years of 2003-2006 saw the budget and debt explode again. The logic is impossible.

Its like George W Bush (Iraq War, huge tax cut) never existed! If only....

 

[trixR4kids]

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

The whole premise of that article is wrong. Why did lending practices to the poor work so well for a decade? Likewise, the 'drag' on the economy of balancing the budget also supposedly took 10 years to have an impact. No way. The economy crashed because the Bush administration eliminated oversight of lending practices in 2004/5 on the heels of a housing bubble - tie that to poor tax laws and whammy. All that occured 8 years into the Bush administration. Nope. You cannot blame the great recession on Clinton.

Bush didn't eliminate Glass Steagall. We also weren't in Iraq nor had the Bush tax cuts been passed when the recession in 2001 occurred.

And it didn't "work well" it just drove up household/private sector debt for years and savings drastically decreased. And yes, not everything a president does happens in a vacuum where the effects of their policies are immediate.

I'm not blaming the crisis solely on Clinton but it can't be solely blamed on Bush either that's asinine.

The author is a card carrying loon. Small wonder trix is quoting his articles from 6 years ago!

Good thing he's not the only person who wrote largely the same thing. Nor have we had other periods in our economic history in which we balanced the budget only for it to be followed by a recession or great depression.

 

[leswp1]

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

Haha. THis morning I heard one of the pundits comment that we could expect lots more pressers. Now the Dems have control of the House, people have things to cover besides his twitter diarrhea. And guess what- here he is- Day 2, Presser 2 with verbal diarrhea that would make norovirus proud. Spewing all sorts of nonsense, ignoring any of the facts that he doesn't like. Touting all sorts of falsity.

So far his verbal diarrhea has mis-stated about the economy, the benefits of tarriffs, his incredible wonderful screening that will prevent all drugs from entering ports, blah, blah, blah. And altho the other day he said drones were not needed, bells and whistles now he is saying how wonderful they are. And now he is blathering on about some imaginary events and his 'Steel wall' because of course now we need to use all the steel the steel makers are making now.

If you were a fact checker live you couldn't type fast enough to refute all his horse sh1t.

Who actually believes any of the meetings at the WH are worth anything? No matter what he says he will reneg.

I would have turned him off but lilnsl les is listening while keeping up a constant stream of astonished commentary at what an idiot he is. I feel like I want to give him a massive dose of Namenda. (Med for dementia), There is no med for narcissism or being a sociopath.

 

[Rover]

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

Good thing he's not the only person who wrote largely the same thing. Nor have we had other periods in our economic history in which we balanced the budget only for it to be followed by a recession or great depression.

trix this is all loony bullshi t that you'd hear at the vegan co-op or Democracy Now moms basement get together. Plays right into the hands of the corporate oligarchs you claim to be fighting as well ("see, it WASN'T Bush II's incompetence that led to the great recession...its ALL CLINTON's FAULT...now lets pass more tax cuts for the rich". I hope you're getting paid at least to do their dirty work for them...

 

[rufus]

Any real solution is going to have to involve more revenue and less spending.

How do you get more revenue if you keep cutting rich people's taxes?

 

[St. Clown]

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

How do you get more revenue if you keep cutting rich people's taxes?

Simple, you use tariffs in an effort to win an easy trade war.

 

[rufus]

I don't disagree, but the average American doesn't dig "smarter". We tried that with Hillary, and it failed.

And, since the Rube fails to answer, they hate Warren due to the same Republican attack and smear and lie tactics that they used to portray Hillary as the villain for 30 years, and Pelosi for 15.

 

[rufus]

Not all spending is the same, and I’m not saying we should increase revenue/cut spending in equal measure. I couldn’t agree with you more on trying to reduce inequality.

You know every dollar spent on unemployment benefits generates almost twice that in economic activity?

 

[French Rage]

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

http://nymag.com/intelligencer/2019...-invasion-of-afghanistan-for-some-reason.html

Meanwhile, the Russian government is moving an official resolution defending the Soviet invasion of Afghanistan. (The approval is scheduled to take place next month.) Russians have previously called the invasion a tragic error, but Vladimir Putin’s regime — which regards the collapse of the Soviet Union as a world-historical tragedy — is systematically rehabilitating various Soviet crimes.

Trump is almost certainly not carrying out some kind of favor for Putin by weirdly defending the invasion of Afghanistan and lamenting its harmful consequences for the Soviet empire. (Putin doesn’t gain much from Trump launching a weirdly Russophilic historical riff.) Still, it raises the question of just where Trump is hearing this stuff. He’s not getting pro-Soviet revisionist history from Fox & Friends. He’s also probably not reading alternative histories of central Asia. So who planted this idea in Trump’s head, anyway?

I'm sure it's just a coincidence.

 

[St. Clown]

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

And, since the Rube fails to answer, they hate Warren due to the same Republican attack and smear and lie tactics that they used to portray Hillary as the villain for 30 years, and Pelosi for 15.

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?

 

[trixR4kids]

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

trix this is all loony bullshi t that you'd hear at the vegan co-op or Democracy Now moms basement get together. Plays right into the hands of the corporate oligarchs you claim to be fighting as well ("see, it WASN'T Bush II's incompetence that led to the great recession...its ALL CLINTON's FAULT...now lets pass more tax cuts for the rich". I hope you're getting paid at least to do their dirty work for them...

Did Bush eliminate Glass Steagall? Did Bush cause the 2001 recession?

Nobody is letting Bush or the oligarchs off the hook, there's plenty of reasons to criticize him and without him Trump doesn't exist.

 

[Rover]

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

Did Bush eliminate Glass Steagall? Y/N?

Ummmm...eliminating Glass Steagall didn't cause the great recession. That's the fall back argument of simpletons who can't process complex issues!

But please, keep giving Republicans a pass for wrecking the economy. I'm sure they appreciate playing you for a sucker...

 

[trixR4kids]

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

Ummmm...eliminating Glass Steagall didn't cause the great recession.

lmfao

It's not the sole cause but it's a big reason for the meltdown.

 

[ScoobyDoo]

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

Bottom line is there is there is a lack of oversight and a laughable level of enforcement in the financial sector. No one went to jail for '08. No one. And that stat right there tells you all you need to know about America, it's politics, and it's values.

 

[trixR4kids]

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

Bottom line is there is there is a lack of oversight and a laughable level of enforcement in the financial sector. No one went to jail for '08. No one. And that stat right there tells you all you need to know about America, it's politics, and it's values.

Yeah but if you work for a big bank you probably don't want that to be the main narrative.

 

[ScoobyDoo]

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

Yeah but if you work for a big bank you probably don't want that to be the main narrative.

I'm wired differently. I believe in the concept of enough. Not many corporations or 1%ers do. Thank God some do, but not many.

 

[rufus]

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?

Why don't you two get a room?