Another Republican President, Another Recession.

Wattzzup

Wattzzup

Well-Known Member
schuylaar said:
the oversight was: no oversight- so what did you/we expect? but now this is where you say to yourself 'am i better off with or without my SS/SSDI?' because he will steal our SS Trust Fund if he's re-elected, remember this is the family that is no longer allowed to run a charity..why they're not in jail i'll never know.

there will be no going back.
Click to expand...
Too bad it’s up to 5 or so states to decided. Some “United” states. More like divided states of America.
 
S

schuylaar

Well-Known Member
Wattzzup said:
Too bad it’s up to 5 or so states to decided. Some “United” states. More like divided states of America.
Click to expand...
it's always that way and it freaks me out that the tradition is 'florida, florida, florida', where there is a corrupt republican governor. you heard the moron say last week that he was going to replace desantis (not sure how) to put pressure on for him to deliver the state.

florida is one state he must have or no road to 270.
 
Last edited:
hanimmal

hanimmal

Well-Known Member
https://apnews.com/article/control-of-senate-at-stake-election-4255da17a16505fb9ee20ae64b2153b3
Screen Shot 2020-11-03 at 12.51.48 PM.png
WASHINGTON (AP) — Control of the Senate is a razor-close proposition in Tuesday’s election, as Republicans fight to retain their majority against a surge of Democratic candidates confronting the president’s allies across a vast political map.

Both parties see paths to victory, and the outcome might not be known on election night.

From New England to the Deep South, the Midwest to the Mountain West, Republican senators are defending seats in states once considered long shots for Democrats. Washington’s handling of the COVID-19 crisis, the economic fallout and the nation’s uneasy mood are all on the ballot. Stunning amounts of cash have been flowing to Democrats from millions of Americans apparently voting with their pocketbooks; Republicans are tapping deep-pocketed donors to shore up GOP senators.

President Donald Trump and Democratic presidential nominee Joe Biden swooped in on key states important to the Senate as they propelled their own campaigns in a final stretch.

MORE STORIES:
Securing the Senate majority will be vital for the winner of the presidency. Senators confirm administration nominees, including the Cabinet, and can propel or stall the White House agenda. With Republicans now controlling the chamber, 53-47, three or four seats will determine party control, depending on who wins the presidency because the vice president can break a tie.

“Let’s run through the tape,” said Senate Majority Leader Mitch McConnell, making a final campaign swing Monday in Kentuckyas he faces Democratic former fighter pilot Amy McGrath.

McConnell said he hoped to remain the Republican majority leader alongside Trump. But he acknowledged the tough Senate races could flip control to the Democrats. “Obviously, that depends on what happens,” he said.

The campaigns are competing across an expansive Senate map as Democrats put Republicans on defense deep into Trump country.

What started as a lopsided election cycle with Republicans defending 23 Senate seats, compared with 12 for Democrats, quickly became a starker referendum on the president and his party.

Some of the nation’s most well-known senators are in the fights of their political lives.

In South Carolina, Democrat Jaime Harrison is trying to topple GOP Sen. Lindsey Graham, one of the president’s top allies.

The two crisscrossed the state in a rush of final campaigning, Graham acknowledging the tight contest after Harrison raised a whopping $100 million by October, an unheard-of sum for the state. The senator, making TV appeals for cash, said he, too, hit the $100 million mark over the weekend.

Full Coverage: Senate elections
Stuck in Washington to confirm Trump’s Supreme Court nominee Amy Coney Barrett a week before Election Day, senators quickly fanned out — some alongside the president — for last-ditch tours, often socially distanced in the pandemic, to shore up votes.

GOP Sen. Thom Tillis of North Carolina joined Trump’s rally in Fayetteville on Monday as he struggled to fend off Democrat Cal Cunningham despite the married challenger’s sexting scandal with a public relations strategist.

In one of the most-watched races in the nation, Maine GOP Sen. Susan Collins made a final campaign stop in Aroostook County near her hometown, visiting workers in a sawmill. Democratic challenger Sara Gideon met voters at the Whistle Stop cafe for breakfast Monday.

The Maine race is one of several that could push past Election Day if no candidate breaks the 50% threshold. Collins has typically rallied support as a centrist with an independent streak, but the tight contest shows the difficulty GOP senators have appealing to Trump’s most ardent backers while also retaining support from more moderate voters.

Democrats have more than one route to secure the three or four seats needed to capture the majority, and GOP strategists privately conceded the incumbents will almost certainly suffer defeats in some key races.

Younger voters and more minorities are pushing some states toward Democrats. In Colorado, the parties have essentially stopped spending money for or against GOP Sen. Cory Gardner because it seems he is heading toward defeat by Democrat John Hickenlooper, a former governor.

Arizona could see two Democratic senators for the first time since last century if former astronaut Mark Kelly maintains his advantage over GOP Sen. Martha McSally for the seat once held by the late Republican John McCain.

Even the open seat in Kansas, which hasn’t elected a Democrat to the Senate since 1932, is being contested.

“The better President Trump does in a state, the easier it is to win any race,” said Corry Bliss, a GOP strategist.

The biggest risks to Democrats come in Alabama and Michigan.

Republicans are expecting to reclaim the seat in Alabama, where Democratic Sen. Doug Jones pulled off a rare 2017 special election win in the Trump stronghold but now wages an uphill campaign against Republican Tommy Tuberville, a former Auburn football coach.

In the presidential battleground of Michigan, Republicans have made an aggressive push for John James, a Black Republican businessman, as he rakes in cash to take on Democratic Sen. Gary Peters.

“We think the numbers are moving,” said Senate Leadership Fund president Steven Law.

Still, voter turnout during the COVID-19 crisis remains key, and volatile, as more Americans than ever — nearing 100 million — cast early ballots.

Both Biden and Trump touched down in Georgia, where the state is seeing a boost of new voters. Georgia’s two Senate seats are at stake and could very well push to a Jan. 5 runoff if no candidate reaches beyond the 50% threshold.

GOP Sen. David Perdue, the former business executive Trump calls his favorite senator, is working to fend off Democrat Jon Ossoff, another candidate who has benefited from the “green wave” of donations.

Separately, GOP Sen. Kelly Loeffler faces Republican Rep. Doug Collins, as well as Democrat Raphael Warnock, in a special election for the seat she was appointed to fill with the retirement of GOP Sen. Johnny Isakson.

It’s expected to be a long count in races across the country.

The political landscape is quickly changing from six years ago, when most of these senators last faced voters. It’s a reminder of how sharply the political climate has shifted in the Trump era.

In Montana, Republican Sen. Steve Daines is trying to brush back Democrat Steve Bullock, the governor, in a state where Trump was popular. Democrats created an opening by working hard to recruit a well-known candidate in Bullock, who also ran in the party’s primary for president.

Iowa Sen. Joni Ernst is fighting for a second term against Democrat Theresa Greenfield. Texas Sen. John Cornyn faces an upstart Democrat, MJ Hegar, in the once solidly Republican state.

And in Alaska, newcomer Al Gross, a doctor, has broken state fundraising records in part with viral campaign ads as he challenges GOP Sen. Dan Sullivan.
Click to expand...
 
hanimmal

hanimmal

Well-Known Member
Izthewiz said:
Debt clock check it out.
Click to expand...
The debt clock doesn't mean that money is going to be 'printed'. It represents money that overtime will be paid back.

And do you know who mostly invests in America? Americans. And nobody wants to destabilize the money system that they use.

Also all that 'cash' America pays out to these other nations, will need to eventually be used to trade with other nations. So it stimulates future trade among nations, which helps us all.

It is very complex system we have, but it works very well.

I dedicated this thread to the way that the Right wing propaganda has skewed what has happened with our economy.

If you are afraid of our monetary system, I would just try to get you to understand how the system we have now has has drastically reduced the frequency and severity of our economic recessions since they started to use monetary policy after ww2.
Screen Shot 2020-11-07 at 6.11.43 PM.png


The thing is, rich people like Trump grew up, loved Recessions, because they had enough capital to buy up all the land/businesses that were developed for dirt cheat from the middle class that build it up but lost everything because the money system was easily able to be bankrupted as rich people pulled out their gold, crashing the economy.

The reason they work so hard to sell the type of information you are talking about, is because they want people to look the other way while they evict people who haven't paid rent for months, and those people move to the burbs out from the city.

This will allow the mega wealthy to snatch up all those properties and when the cities get rebuilt, they will make a killing.

Don't fall for what the Republican party has been running on since the 50's. As of today there is only one party in America that is legislating for 100% of the population here, the Democratic party.

Every not in the Wealthy White Heterosexual Male Only agenda is not socialism.
 
hanimmal

hanimmal

Well-Known Member
cherrybobeddie said:
I feel President Biden's success or failure will still depend greatly on COVID, barring war or something. One scenario for the 2022 midterms is that COVID has been pretty much licked and that the economy is really starting to roll. As someone said, Rounding the Corner, churches packed for Easter, Roaring Back. If that happens then inflation could be a problem. Wages always lag inflation. It's complicated. I doubt Georgia will elect two Democrat Senators. So I hope things can be better after mid terms.
Click to expand...
Interest rates would increase and the Fed could start pulling out some of that cash in the market pretty easily so it shouldn't be too tough to rebound from some inflation.

They know better than to pull when the Republicans did back in the early 80's.

https://www.pbs.org/newshour/economy/what-led-to-the-high-interest
Question: What were the causes and circumstances that led to the high interest rates in the 80’s? Was it inability to effect a change or inaction in addressing the issue?

Paul Solman: If by “interest rates” you mean the rate set by the Fed — the Fed funds rate — it rose to TWENTY PERCENT in 1980. But no, it was not inaction but just the opposite: a deliberate rise in rates triggered by inflation.

Let’s take a step back for a moment. In general, over the long haul, interest rates are determined by the market. Think of a market interest rate as the sum of three separate factors: waiting, repayment risk, and inflation.

First, waiting — also known as the time value of money. Imagine an inflation-free environment, such as today’s. Which would you take: a thousand dollars today or a thousand dollars, guaranteed, a year from now? Unless you’re a very unusual person, it’s the thousand right now, so you can do something with the money. If you forgo the money, you generally need to be paid something for doing so, for waiting — in recent history, around 2 percent a year.

Second is the risk of not being paid back. This is why folks with low FICOscores have to pay such high rates of interest. This obviously varies enormously. But the U.S. government has generally been thought to pay the “risk-free” rate: 0 percent for risk.

The rest of the interest rate is inflation. If money is losing value and you lend it, you’re going to expect to be reimbursed for the loss.

In the late 1970s, in America, prices were rising fast. In other words, inflation was running rampant, usually thought to be the result of the oil crisis of that era, government overspending, and the self-fulfilling prophecy of higher prices leading to higher wages leading to higher prices. The Fed was resolved to stop inflation. So, Chairman Paul Volcker (who is pictured above) kept raising rates in 1980 and ’81, eventually bringing both the economy and inflation to a standstill.



The Fed showed great “ability to effect change,” to use your phrase, though the cost of killing inflation was a deep recession. You could hardly call the Fed’s behavior “inaction.”
Click to expand...
Regan was brutal with people's jobs shutting down because he wanted to stop the inflation. There are better ways to deal with inflation that don't cause unemployment to soar.

Screen Shot 2020-11-09 at 11.53.26 AM.pngScreen Shot 2020-11-09 at 11.55.06 AM.png


It is hard to not think retrospectively from what we have learned about the scam the Republicans have been running since around the 50s.
 
hanimmal

hanimmal

Well-Known Member
Mirrordawn said:
As much as the left spams the forums with their attacks? I think not and it's a pity that there is no conservatives representatives willing to speak up.
Click to expand...
People can talk whatever they want, I figue though if you care enough to come into this forum, resurrect a old ass sock puppet account (endless supply of them troll this website forum), you might want to actually have a conversation and not just act like another Trump troll (foreign or domestic) spreading Dear Leaders lies.

But if you are just another in the endless line of paid trolls, I get it, times are tough in Trump's economy.
 
hanimmal

hanimmal

Well-Known Member
TrippleDip said:
I guess I will abandon the proven economics of supply and demand and the knowledge of every economist everywhere just cause some guy on the internet told me it's wrong. Convince me?
Click to expand...
Convince you of what?

You do realize that the Republicans have come up with their own bullshit economic propaganda to sell their narratives for years right?

Screen Shot 2020-11-15 at 4.06.03 PM.png

You are the one just blurting out something that you are saying is a fact, I say nah-uh (because saying something like 'immigration is causing wag stagnation' doesn't actually make any sense when you think about how you would measure something like that), and you come back with you wanting me to go chase my tail to disprove your bullshit statement?
 
TrippleDip

TrippleDip

Well-Known Member
hanimmal said:
Convince you of what?

You do realize that the Republicans have come up with their own bullshit economic propaganda to sell their narratives for years right?

View attachment 4743093

You are the one just blurting out something that you are saying is a fact, I say nah-uh (because saying something like 'immigration is causing wag stagnation' doesn't actually make any sense when you think about how you would measure something like that), and you come back with you wanting me to go chase my tail to disprove your bullshit statement?
Click to expand...
It's called supply and demand. It's well established. Look it up.
 
hanimmal

hanimmal

Well-Known Member
TrippleDip said:
It's called supply and demand. It's well established. Look it up.
Click to expand...
Something interesting about the 'supply and demand curve'.

The Republicans decided that there is not a 'long run' when considering supply and demand and stunted the effectiveness of their economic policies. They are stuck in a pre-computer age of gut responses to very real and very predictable economic problems and have caused recessions in every term since they decided to stick to their political troll in the 70s.

This is why once again we are looking at the Democratic party to have to be responsible and fix another broken Republican economy. I really hope that the Georgia elections give Biden the ability to help bail us all out from the Wealthy White Heterosexual Male Only agenda's latest land grab as evictions sky rocket and businesses close.
 
TrippleDip

TrippleDip

Well-Known Member
hanimmal said:
Wealthy White Heterosexual Male Only agenda's latest land grab as evictions sky rocket and businesses close.
Click to expand...
While I agree that the whole privatization, and harm to small business has been one of the sickest parts of this pandemic. I don't believe that white people are overrepresented in a list of the corporations that stand to gain from this and I shudder to think of how you (or anyone) knows all their sexual orientations in such detail.

One day you will realize that between the truth of corporations fucking over the little guys >because they can< doesn't have to revolve around some concerted hairbrained conspiracy theory about race or some other government doing what is more easily explained by people chosing what's best for themselves.
 
hanimmal

hanimmal

Well-Known Member
TrippleDip said:
While I agree that the whole privatization, and harm to small business has been one of the sickest parts of this pandemic.
Click to expand...
It is horrifying. All that capital that those business owners invested in now is going to get put up for sale and we will witness the next generational redistribution of wealth to the top once again.

TrippleDip said:
I don't believe that white people are overrepresented in a list of the corporations that stand to gain from this and I shudder to think of how you (or anyone) knows all their sexual orientations in such detail.
Click to expand...
Are you joking? The wealthiest people in our nation are almost exclusively old rich white guys. Who all have families looking forward to all those handouts. WTF would you call that demographic?

You're pretending like because they might not have gained on a stock ticker that they have not been able to invest their billions in buying up anything that wasn't nailed down as it goes on sale further increasing their net worth when things get back to normal growth.
 
Fogdog

Fogdog

Well-Known Member
hanimmal said:
I just wanted to double check I wasn't full of shit. And I wasn't. The only one that doesn't qualify is Alice Walton whose family looks like they just split up daddies money and all are rich AF now enough that she breaks into the top 15.
View attachment 4743239
https://www.king5.com/article/news/nation-world/forbes-400-2020-jeff-bezos-bill-gates-remain-richest-in-america/507-eb179ab4-11cb-4754-b1ed-c0e96dce4f9e
Click to expand...
You are WRONG!!!! There is one gey man in that list.
 
TrippleDip

TrippleDip

Well-Known Member
hanimmal said:
I just wanted to double check I wasn't full of shit. And I wasn't. The only one that doesn't qualify is Alice Walton whose family looks like they just split up daddies money and all are rich AF now enough that she breaks into the top 15.
View attachment 4743239
https://www.king5.com/article/news/nation-world/forbes-400-2020-jeff-bezos-bill-gates-remain-richest-in-america/507-eb179ab4-11cb-4754-b1ed-c0e96dce4f9e
Click to expand...
Lmao, you posted a link of 15 people, but lets remove 11 and 12 because they're all the same fortune, now you have a list of 13 people of which 2 (15%) are women, 1 is african, several are immigrants, four (30%) are jews and seven are white (if you count slavs as white, which I don't, but I'm being generous) or 54% total are white and only 38% are white cis male. This is in a 70% white country and you think this is proof of a lack of diversity? Proof of a lack of advantages for immigrants? Wow.
 
You must log in or register to reply here.
Top