Do voters understand that GOP economics is a catastrophe in the making?

[Natural Citizen]

You can’t because you’re an idiot. Explain what is wrong with a free markets economy?

We don't have free markets.

We're Keynesians. We have economic interventionism. We have a planned economy. We have a welfare state. We have inflationism. We have central economic planning by a central bank. We have a belief in deficit financing. All of this is so far removed from free market capitalism that it's laughable to watch people call it that.

I just got done saying the same thing to you in another thread just the other day.

The problem is people are actually foolish enough on both theoretical sides to refer to all of that nonsense as if it's actually free market capitalism when it's nothing of the sort. And then other people say see, we told you, capitalism is so bad, what we need is socialism. And that's why Bernie's leading my double digits.

 

[Natural Citizen]

Personally, I'm getting kind of tired of explaining this stuff. It's like talking to the wall.

 

[candycorn]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The same deregulation that caused the meltdown in 2007 us taking place again.

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

The same mistakes are being made.

 

[AzogtheDefiler]

You can’t because you’re an idiot. Explain what is wrong with a free markets economy?

We don't have free markets.

We're Keynesians. We have economic interventionism. We have a planned economy. We have a welfare state. We have inflationism. We have central economic planning by a central bank. We have a belief in deficit financing. All of this is so far removed from free market capitalism that it's laughable to watch people call it that.

I just got done saying the same thing to you in another thread just the other day.

The problem is people are actually foolish enough on both theoretical sides to refer to all of that nonsense as if it's actually free market capitalism when it's nothing of the sort. And then other people say see, we told you, capitalism is so bad, what we need is socialism. And that's why Bernie's leading my double digits.

I did not say we did. I asked what was wrong with free markets? Bernie has zero chance to win the White House. None. You can get off your soap box. And yes we do have free markets in some industries

 

[justoffal]

Steve Cowder of all people has debunked the leftist myth about the economy

And yet you couldn’t defend republican economics if your life depended on it.

What the fuck are you talking about?
Economics does not have a political identity.
There's supply, demand, Fiat and intrinsic currency. That is all.

Jo

 

[Markle]

The same deregulation that caused the meltdown in 2007 us taking place again.

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

The same mistakes are being made.

You could be further from the truth but I'm not sure how. Are you pretending to be ignorant about the subject or do you co by it naturally?

 

[Markle]

What the fuck are you talking about?
Economics does not have a political identity.
There's supply, demand, Fiat and intrinsic currency. That is all.

Jo

 

[Toddsterpatriot]

lol No, they're not saying they want to end border security, they're just opposed to anything that might provide border security.

Because it’s not needed. Migration from Mexico - legal or illegal - has been declining since 2008.

Border security is needed. The CBP numbers are way higher than the source you're quoting.

Uh you do know that detainments are up because of Trump’s cruel and pointless policy of detaining kids here INDEFINITELY right?

It's awful!

We need to deport those kids, quickly.
48 hours in custody is too long.
Send them home!!!

So why hasn’t he?

Because of whiney liberal twats.

 

[bluzman61]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

Billy, you strike out AGAIN. First off, there ARE no merits of leftwing politics. NADA, ZERO, ZILCH, NONE. Secondly, you have the title of your thread ass backwards. It SHOULD read, ".......DEMOCRATIC economics is a catastrophe....." I fixed it for you, ya knucklehead. You're welcome.

 

[Toddsterpatriot]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The same deregulation that caused the meltdown in 2007 us taking place again.

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

The same mistakes are being made.

The same deregulation that caused the meltdown in 2007 us taking place again.

Which regulations were removed?
How did they cause the meltdown?

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

Rates were lower in 1986, why was there no housing bubble then?

 

[candycorn]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The same deregulation that caused the meltdown in 2007 us taking place again.

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

The same mistakes are being made.

The same deregulation that caused the meltdown in 2007 us taking place again.

Which regulations were removed?
How did they cause the meltdown?

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

Rates were lower in 1986, why was there no housing bubble then?

Banks have to keep less money on hand than they did under Obama. Thus more is available to wheel and deal. The meltdown was caused by mortgage backed securities being bought and sold as other investments which was one of the ways they invested their depositor's monies; when people defaulted on their mortgage...the securities that banks bought were worthless. Thus the bailout was needed--that and when they held the loan; that lack of income made the problem more pronounced.

 

[okfine]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The economy slow down and the short-term tax cuts benefits plus inflated stock prices... history shows it (the bubble) can pop.
3-5% GDP gains per year? Hasn't happened.

 

[Billy000]

Steve Cowder of all people has debunked the leftist myth about the economy

And yet you couldn’t defend republican economics if your life depended on it.

You dumb ass, lower level wages are increasing faster than mid and upper level management. Very low unemployment forces wages higher as companies compete for labor. You just keep ignoring reality and displaying your ignorance.

.

Upper level management? Yeah right. The reality is that 80% of Americans live paycheck to paycheck. The child poverty is the worst in the developed world.

 

[Toddsterpatriot]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The same deregulation that caused the meltdown in 2007 us taking place again.

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

The same mistakes are being made.

The same deregulation that caused the meltdown in 2007 us taking place again.

Which regulations were removed?
How did they cause the meltdown?

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

Rates were lower in 1986, why was there no housing bubble then?

Banks have to keep less money on hand than they did under Obama. Thus more is available to wheel and deal. The meltdown was caused by mortgage backed securities being bought and sold as other investments which was one of the ways they invested their depositor's monies; when people defaulted on their mortgage...the securities that banks bought were worthless. Thus the bailout was needed--that and when they held the loan; that lack of income made the problem more pronounced.

Banks have to keep less money on hand than they did under Obama.

How much less? Link?
Capital requirements are much higher now than they were in 2007.
Liquidity requirements too.

The meltdown was caused by mortgage backed securities being bought and sold as other investments which was one of the ways they invested their depositor's monies; when people defaulted on their mortgage...the securities that banks bought were worthless.

Whether banks bought MBS or held the original mortgage, the impact of default was the same.

 

[candycorn]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The same deregulation that caused the meltdown in 2007 us taking place again.

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

The same mistakes are being made.

The same deregulation that caused the meltdown in 2007 us taking place again.

Which regulations were removed?
How did they cause the meltdown?

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

Rates were lower in 1986, why was there no housing bubble then?

Banks have to keep less money on hand than they did under Obama. Thus more is available to wheel and deal. The meltdown was caused by mortgage backed securities being bought and sold as other investments which was one of the ways they invested their depositor's monies; when people defaulted on their mortgage...the securities that banks bought were worthless. Thus the bailout was needed--that and when they held the loan; that lack of income made the problem more pronounced.

Banks have to keep less money on hand than they did under Obama.

How much less? Link?
Capital requirements are much higher now than they were in 2007.
Liquidity requirements too.

The meltdown was caused by mortgage backed securities being bought and sold as other investments which was one of the ways they invested their depositor's monies; when people defaulted on their mortgage...the securities that banks bought were worthless.

Whether banks bought MBS or held the original mortgage, the impact of default was the same.

Thanks to the regulations instituted by Obama. The blob has relaxed them. And we're on the same road as we were under Bush. We all know how that ended.

 

[bigrebnc1775]

Steve Cowder of all people has debunked the leftist myth about the economy

And yet you couldn’t defend republican economics if your life depended on it.

What's to defend more Americans are working and making more money let that speak for itself.

 

[bigrebnc1775]

So just so we are clear, you think that democrats want to end border security altogether? That’s just stupid lol. No democrat is saying that.

lol No, they're not saying they want to end border security, they're just opposed to anything that might provide border security.

Because it’s not needed. Migration from Mexico - legal or illegal - has been declining since 2008.

Border security is needed. The CBP numbers are way higher than the source you're quoting.

Uh you do know that detainments are up because of Trump’s cruel and pointless policy of detaining kids here INDEFINITELY right?

I would like to point out that you have allowed the far right radical extremists to change the subject of this thread.

It's not about a wall, immigration or the border.

It's about conservative economic policy.

Don't let them derail the thread.

People are making more money than they were last year. I personally made $10,000 more in 2019 than I did in 2018 and worked fewer hours than I did in 2018. If Republicans work for the rich it makes sense they want to help make people rich, and if democrats work for the poor it makes sense they want to keep people poor. So who do you support?

 

[bigrebnc1775]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The same deregulation that caused the meltdown in 2007 us taking place again.

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

The same mistakes are being made.

The same deregulation that caused the meltdown in 2007 us taking place again.

Which regulations were removed?
How did they cause the meltdown?

The same tax cuts for the ultra wealthy that lead to the housing bubble are in place.

Rates were lower in 1986, why was there no housing bubble then?

Banks have to keep less money on hand than they did under Obama. Thus more is available to wheel and deal. The meltdown was caused by mortgage backed securities being bought and sold as other investments which was one of the ways they invested their depositor's monies; when people defaulted on their mortgage...the securities that banks bought were worthless. Thus the bailout was needed--that and when they held the loan; that lack of income made the problem more pronounced.

Banks have to keep less money on hand than they did under Obama.

How much less? Link?
Capital requirements are much higher now than they were in 2007.
Liquidity requirements too.

The meltdown was caused by mortgage backed securities being bought and sold as other investments which was one of the ways they invested their depositor's monies; when people defaulted on their mortgage...the securities that banks bought were worthless.

Whether banks bought MBS or held the original mortgage, the impact of default was the same.

Thanks to the regulations instituted by Obama. The blob has relaxed them. And we're on the same road as we were under Bush. We all know how that ended.

Poor baby I realize people working and making their own money takes them off the path to government help but that's a good thing.

 

[bigrebnc1775]

Steve Cowder of all people has debunked the leftist myth about the economy

And yet you couldn’t defend republican economics if your life depended on it.

You dumb ass, lower level wages are increasing faster than mid and upper level management. Very low unemployment forces wages higher as companies compete for labor. You just keep ignoring reality and displaying your ignorance.

.

Upper level management? Yeah right. The reality is that 80% of Americans live paycheck to paycheck. The child poverty is the worst in the developed world.

Whether or not if that is true why should why does having bad judgment with your finances have anything to do with this thread? If you can't afford it don't buy the latest smart phone. latest new thing a magbob

 

[bigrebnc1775]

Let’s put aside the merits of leftwing American politics. We’ll just agree to disagree on that for now. Let’s just discuss the viability of GOP economics which is the fantasy of trickledown/supply side economics. Sure that shit sounds good until - you know - one thinks about it from a logical standpoint. Giving corporations more capital to sell products doesn’t somehow translate into more demand from the consumers. That isn’t how economics work. Our economy is a CONSUMER driven economy. It depends on people spending money. That is how it has ALWAYS worked. Corporations in this day age are wealthier than ever before. That means that when they get big tax breaks, they don’t invest the money they save. Why? Because it’s easier to just keep it. Why invest in labor if they are already wealthier than ever before?

Doesn’t it bother republicans that the GOP does NOTHING for the middle class? A strong middle class is how you keep this economy viable because they are the biggest CONSUMERS. A time will come when this economy will fail because of GOP economics. Rich people can’t stay rich if the wages of the middle class and poor remain way behind on inflation.

How can one possibly justify GOP policy?

The economy slow down and the short-term tax cuts benefits plus inflated stock prices... history shows it (the bubble) can pop.
3-5% GDP gains per year? Hasn't happened.

you wingers said the bubble was going to pop last year lol