Democrats Are In Disarray...Not GOP

OftenWrong · January 2, 2017

23 minutes ago, Argus said:

You have to remember the market is a short term instrument. It likes the idea of increasing government spending because that will result in a short-term economic boost. Of course, in the long term, that borrowed money has to be repaid...

It likes the idea of cutting regulation because in the short term that means better profits, especially for Wall Street, which is why much of the increase in the market has come from the financial sector. But in the longer term, well, a deregulation and lack of oversight is what caused the last great financial crisis, and will likely cause the next.

Quite true so at the very least, it wasn't the disaster forecasted by some. In fact, record-breaking. I guess some folks made good money betting on the long-shot Trump.

There will be certain milestone dates where Trump takes office and outlines his policy. Markets respond "emotionally' at times, and are probably expressing enthusiasm for a move towards deregulation in various sectors. Actual effects will take a couple of years to observe.

Argus · January 3, 2017

7 hours ago, blueblood said:

Yet enough of the ultra rich continue to back democrats. With the democrats controlling the house in the mid 2000s to 2010 one can surmise that the money would find its way to the fat cats.

maybe it's the morons who vote for democrats that put so many rules and regulations that only the elites and their army of lawyers can afford to follow them. How has increased government intervention and the war on poverty been working? Massive waste, huge deficits, and more inequality. Maybe time for change?

The huge deficits are all because of the Republicans. You know that, right? The inequality is also due to the Republicans, who keep playing with tax laws to exempt corporations and the wealthy and put more and more of the tax burden on the middle class.

Argus · January 3, 2017

7 hours ago, blueblood said:

Let them collapse, the money will flow elsewhere and better banks will win out.

Not all of us were prepared to see another worldwide depression.

Argus · January 3, 2017

7 hours ago, OftenWrong said:

Quite true so at the very least, it wasn't the disaster forecasted by some. In fact, record-breaking. I guess some folks made good money betting on the long-shot Trump.

There will be certain milestone dates where Trump takes office and outlines his policy. Markets respond "emotionally' at times, and are probably expressing enthusiasm for a move towards deregulation in various sectors. Actual effects will take a couple of years to observe.

Let Trump openly suggest as President (as he did a while ago) that the US government should maybe negotiate with the holders of its debt and tell them it's only going to pay them a percentage of what they're owed. See what the markets do with that.

blueblood · January 3, 2017

1 hour ago, Argus said:

Not all of us were prepared to see another worldwide depression.

Doing nothing worked before...

blueblood · January 3, 2017

1 hour ago, Argus said:

The huge deficits are all because of the Republicans. You know that, right? The inequality is also due to the Republicans, who keep playing with tax laws to exempt corporations and the wealthy and put more and more of the tax burden on the middle class.

Curse those wealthy people who create jobs. Republicans would rather have a simpler flatter tax. Maybe if the dems would back off the job creators they would be more inclined to invest and create jobs and increase tax revenues through growth

Michael Hardner · January 3, 2017

3 minutes ago, blueblood said:

Maybe if the dems would back off the job creators they would be more inclined to invest and create jobs and increase tax revenues through growth

Trump is going to lean on the job creators himself - because they have created those jobs in Asia despite 30 years of tax cuts.

?Impact · January 3, 2017

21 minutes ago, Michael Hardner said:

Trump is going to lean on the job creators himself - because they have created those jobs in Asia despite 30 years of tax cuts.

Very true that, and this one has to be just about the best. It seems of course that the trait is genetic.

bush_cheney2004 · January 3, 2017

42 minutes ago, Michael Hardner said:

Trump is going to lean on the job creators himself - because they have created those jobs in Asia despite 30 years of tax cuts.

All Trump and the Congress have to do is dismantle barriers and restrictions on domestic economic development to do better.

Democrats are bleeding out because they have a different, social agenda that can't pay for itself.

blueblood · January 3, 2017

1 hour ago, Michael Hardner said:

Trump is going to lean on the job creators himself - because they have created those jobs in Asia despite 30 years of tax cuts.

And high regulations and a complicated tax code.

Smallc · January 3, 2017

3 hours ago, blueblood said:

Doing nothing worked before...

Actually, it never has.

blueblood · January 3, 2017

10 hours ago, Smallc said:

Actually, it never has.

https://en.m.wikipedia.org/wiki/Depression_of_1920–21

yes it has.

Omni · January 3, 2017

16 hours ago, blueblood said:

Curse those wealthy people who create jobs. Republicans would rather have a simpler flatter tax. Maybe if the dems would back off the job creators they would be more inclined to invest and create jobs and increase tax revenues through growth

You mean wealthy people like Trump who create el cheapo jobs in Mexico (and China) and then hide their profits offshore so they don't have to pay tax, those wealthy people? You're right, curse them.

BubberMiley · January 3, 2017

3 hours ago, blueblood said:

https://en.m.wikipedia.org/wiki/Depression_of_1920–21

yes it has.

If you consider laying the groundwork for the Great Depression to be "working."

blueblood · January 3, 2017

58 minutes ago, Omni said:

You mean wealthy people like Trump who create el cheapo jobs in Mexico (and China) and then hide their profits offshore so they don't have to pay tax, those wealthy people? You're right, curse them.

Maybe the taxes shouldn't be so high.

Venezuela went to war with wealthy people how's that going for them?

blueblood · January 3, 2017

13 minutes ago, BubberMiley said:

If you consider laying the groundwork for the Great Depression to be "working."

Cycles happen, maybe the govt should have taken its cue from the last time around...

Omni · January 3, 2017

13 minutes ago, blueblood said:

Maybe the taxes shouldn't be so high.

Venezuela went to war with wealthy people how's that going for them?

Venezuela put all their eggs in the oil basket and then the bottom fell out. But go ahead and deflect to try and protect your buddy.

blueblood · January 3, 2017

27 minutes ago, Omni said:

Venezuela put all their eggs in the oil basket and then the bottom fell out. But go ahead and deflect to try and protect your buddy.

They chased the rich people out and nationalized everything there's no deflection. Declaring war on rich people causes a flight of capital which in turn causes problems - venezuela

I disagree with trump on trade and him picking winners and losers in the market.

Edited January 3, 2017 by blueblood

BubberMiley · January 3, 2017

1 hour ago, blueblood said:

Cycles happen, maybe the govt should have taken its cue from the last time around...

No, poor economic policy happens. A failure to provide stimulus when stimulus is needed is a failure of economic policy. Stimulus wasn't what was required in 1921 because demand for products was still high. What was needed then was regulation of Wall Street so that any economic improvement would be sustainable.

blueblood · January 3, 2017

11 minutes ago, BubberMiley said:

No, poor economic policy happens. A failure to provide stimulus when stimulus is needed is a failure of economic policy. Stimulus wasn't what was required in 1921 because demand for products was still high. What was needed then was regulation of Wall Street so that any economic improvement would be sustainable.

No, regulation wasn't needed. Stimulus doesn't need to happen, let the prices fall in accordance to demand realities. Regulations hurt the little guy and cause more money to go to the sidelines.

BubberMiley · January 3, 2017

8 minutes ago, blueblood said:

No, regulation wasn't needed. Stimulus doesn't need to happen, let the prices fall in accordance to demand realities. Regulations hurt the little guy and cause more money to go to the sidelines.

1929 was the direct result of a lack of regulations. It was such a disaster that they subsequently had the temerity to pass regulations that worked to prevent such a thing from happening again. Until, of course, the Republicans decided to deregulate so that we are once again at risk of a complete meltdown.

blueblood · January 3, 2017

11 minutes ago, BubberMiley said:

1929 was the direct result of a lack of regulations. It was such a disaster that they subsequently had the temerity to pass regulations that worked to prevent such a thing from happening again. Until, of course, the Republicans decided to deregulate so that we are once again at risk of a complete meltdown.

No it wasn't lack of regulations. It was government meddling that turned a cyclical recession into something worse.

fear keeps greed in check, add regulations to take away fear and greed takes off...

BubberMiley · January 3, 2017

25 minutes ago, blueblood said:

No it wasn't lack of regulations. It was government meddling that turned a cyclical recession into something worse.

fear keeps greed in check, add regulations to take away fear and greed takes off...

I don't wish to take this off-topic topic further off-topic, but it is widely accepted that consumers' unregulated ability to buy shares on credit that led to the crash. There is no indication among learned sources that government meddling caused anything.