You are unemployed and want a new job, under a Democratic president you have a better chance of getting one!

[Stryder50]

LOLOLOL

Now I see the problem here...

You're fucking nuts.

Here's a screenshot from that BEA spreadsheet showing exactly what I posted...

View attachment 1002351​

... which of course is exactly what I posted since all I did was copy/paste the data from their spreadsheet and then typed in a header.

Now everyone here sees you're dumb as shit. Too stupid to navigate a link... too stupid to think I posted from my own personal spreadsheet... too stupid to scroll down in the BEA spreadsheet to the years Obama was in office. No wonder you looked at the debtclock showing 162m jobs in 2000 and didn't even think to question how we could possibly have fewer jobs in 2024 than we did in 2000.

Part Two;
Because earlier DebtClock pages don't show as much data and tallies as the current one, and other data at the US Debt Clock shows declines and worsening economic situation in past couple of decades;

https://www.usdebtclock.org/index.html

................. U.S. Debt Clock shows ..................................
............................................................ NOW .......................................... 2000

Not In Labor Force: 100,240,564 82,533,593
Manufacturing Jobs: 12,954,097 17,165,332
Median Income 39,677 31,967
Average New Car Price 48,989 22,440
Median New House Cost 405,973 166,274
........................................................
As we see with these sample data, new car price more than doubled, new home costs almost tripled, yet wages/income only increased about 25%.
Meanwhile less manufacturing jobs (went to China and other countries) and larger percentage not in labor force (living off of others).
One could also compare growth in Federal Debt, especially as percent of GDP; and the economic situation is even more worse.
Collectively the USA economy is in a tailspin and most citizens are grossly penalized now.

 

[Stryder50]

The 2008 financial crisis is a clear example of when deregulation and tax cuts didn't benefit the middle class. In the years leading up to the crisis, there was significant deregulation in the financial sector, including the repeal of the Glass-Steagall Act in 1999, which allowed commercial banks to engage in risky investment activities.

Glass-Steagall didn't prevent banks from writing bad mortgages. It wouldn't have prevented the crisis. The GSE mandates to buy subprime mortgages were a regulation that caused harm, right?

Yup!
Federal Gov'mint was mandating giving mortgages to many who wouldn't have qualified previously and when they defaulted on the mortgage payments that catalyzed the recession.

 

[Faun]

I only copy-pasted a part of the top of that spreadsheet to provide an example, while not burning up bandwidth like you and a few others do.

Numbnuts, you could have copied and pasted the relevant portion of that spreadsheet. Instead, you falsely accused me of making up thd numbers I posted, even though the spreadsheet you downloaded from bea.gov has the exact same numbers I posted.

How dishonest of you.

 

[Stryder50]

If it wasn't for more left-leaning Dems, stopping Trump from having his way, the working class would've had it much worse. It's a fact, that the tax cuts did nothing to help working class families and significantly reduced taxes for the rich. If he wins again, he won't do much if anything for the working class.

Meant this working class chap saw less federal taxes to pay and growth in value of my 401Ks and Union Pension. Which have declined last few years with parasite and economic dunce Biden and company in charge.

 

[Stryder50]

Numbnuts, you could have copied and pasted the relevant portion of that spreadsheet. Instead, you falsely accused me of making up thd numbers I posted, even though the spreadsheet you downloaded from bea.gov has the exact same numbers I posted.

How dishonest of you.

Your embedded link didn't take directly to the source you claimed, see my posted with a corrected and easier to use link/URL.
Your embedded link only showed a spreadsheet page, but no clear indication it was from a government website.
Since you didn't, and often still don't, provide clear and unambiguous proof and documentation you are suspect of fabrication.
We've seen such often in your past posting record.

 

[jc456]

There you go! China is at fault.

didn't wuhan come from China?

Having said that, who was president when that happened and allowed it to happen to a higher degree than it should have?

are you suggesting trump created the virus in China? that He, not Fauci, was doing gain of function? hahahhaahahaha now you've lost your mind.

Trump! Trump failed to control or beat the Chinese.

tariffs knocked the snot out of them

They were better than Trump. They caused over 1.4 million Americans to die and Trump was not good enough to beat the Chinese.

Hey, he was so bad that he raised tariffs on them and the tariffs cost us more than the Chinese.

how? explain how you come to that conclusion?

 

[Luckyone]

If you had been in Trump's position as POTUS, what would you have done in January-February 2020 different than he did?

Especially given what was known then, which included limited and distorted information from China on the disease.

The CCP COVID caused far more deaths in other nations of the world and they did even less to penalize China than the USA did.

I said you libturds ~ MSM, DNC, etc. ~ criticized Trump, not that you had political power other than your seats in Congress.

When you consider how much of our debt is held by the Chinese, and how a majority of our manufactured imports are from China, there are realistic limits to what could have been done that wouldn't have hurt the USA more than China.

Leftist lies to the contrary, a POTUS is not a dictator. Though admittedly most DemocRAT POTUS think they are a dictator.

If you really want to know the absolute reality of how Trump messed it up, watch this video that details step by step what Trump did (and did not do) during the Corona Virus. I dare you to watch it and not understand exactly why Trump truly botched our response and was the cause of at least 200,000 to 40,000 UNNECESSARY American deaths,

Then again, if you have an agenda of degrading everyone else except Trump, then you will not watch the video. By the way, this video is not biased and it is not opinion. It is hard fact.

Watch is and get back to me. Don't watch it and forget debating with me from here on in.

 

[Luckyone]

From here on in, you can take your views directly to the Bureau of Labor Statistics and argue with them THEIR numbers.

The BLS numbers are fine, it's your moronic misinterpretation of them that I have an issue with.

I am finished with this conversation.

You'll stop making stupid claims? Or you'll ignore it when I point out your stupid claims?

Trickle down economics does not work

Cutting taxes and reducing moronic regulations works every time it's tried.

I dare you to prove that statement, taking everything into consideration (national debt, the economy, the well being of everyone - not just the rich, inflation, etc.)

 

[Luckyone]

I used "fake news" to also refer to the conclusions one makes in their posts as well as/in place of their sources. The "disagree" is too vague and imprecise. We could use, but don't have a "Liar" or "you are wrong" that would be more accurate.

The conclusion that I offered is the same one that was offered in the video and is offered everywhere.

Proof of the fighting between the Republicans is:

1) the Republicans got rid of McCarthy by themselves
2) the Far Right attempted to put Jim Jordan up and the Republicans themselves stopped it
3) The Lincoln Project against Trump are all Republicans
4) there is a big group of Republicans called the "Never-Trumpers"
5) over 23 Trump cabinet members that he chose and put in office no longer support him

So tell me where there is any FAKE NEWS or a reason to disagree with the statement I made about the Republican party fighting among themselves?

In the case you refer to here, it wasn't the video but your interpretation/implication that I was tagging as "fake news".

No interpretation. See above

I do Komrade with a "k" for the benefit of our marxists here, like you.

Well, evidently you are more Marxist than I am, given that you knew that they spell Komrade with a "K". I did not know that. I have always used the word Comrade when talking about Russians.

Your post has now been totally defused for any veracity. I wonder how much Putin pays for this kind of misinformation being spread?

 

[TruthNotBS]

Let's talk about wage stagnation. According to data from the Economic Policy Institute, from 1979 to 2019, the top 1% of earners saw their wages grow by 158%, while the bottom 90% saw only a 24% increase. Meanwhile, productivity increased by 70.3% during this period.

That's not proof that tax cuts and deregulation caused the top 1% to grow more than the bottom 90%.

Elaborate.

You mentioned the recipe for a downturn, what does he say for an expansion?

1. Tax Cuts Favoring the Wealthy​

• Repeated tax cuts, such as those implemented under the Reagan, Bush, and Trump administrations, have disproportionately benefited the wealthy. These cuts reduce the tax burden on high-income earners and corporations, allowing them to accumulate more wealth while reducing government revenue for social programs that support the working class.

2. Deregulation of Industries​

• Deregulation, particularly in the financial sector, has allowed corporations and wealthy individuals to engage in risky and speculative activities that concentrate wealth at the top. This includes the repeal of the Glass-Steagall Act and the rise of shadow banking, which contributed to the 2008 financial crisis and its aftermath.

3. Decline of Labor Unions​

• The decline of labor unions due to anti-union policies, corporate resistance, and weakening labor laws has diminished workers' bargaining power. This has led to stagnant wages, reduced benefits, and less job security for the working class, while corporate profits and executive pay have soared.

4. Globalization and Outsourcing​

• Globalization and the outsourcing of manufacturing jobs to countries with cheaper labor have decimated many well-paying jobs in the U.S. The shift to a service-based economy has often meant lower wages and less stability for American workers, while corporations have increased their profits by cutting labor costs.

5. Rising Healthcare Costs​

• The rising cost of healthcare, exacerbated by the weakening of the Affordable Care Act and the lack of universal healthcare, has placed a significant financial burden on the working class. Meanwhile, healthcare corporations and pharmaceutical companies have seen their profits grow.

6. Soaring Housing Costs​

• The cost of housing has skyrocketed in many parts of the country due to a combination of factors, including real estate speculation, gentrification, and a lack of affordable housing development. This has made it increasingly difficult for working-class families to afford rent or buy homes, while wealthy investors have profited from the real estate market.

7. Stagnant Wages​

• Despite increases in productivity, wages for the working class have remained largely stagnant over the past few decades. This is in part due to the decline in union power and the shift toward low-wage service jobs. Meanwhile, executive compensation and corporate profits have reached unprecedented levels.

8. Student Debt Crisis​

• The cost of higher education has soared, leading to a massive increase in student loan debt. This debt burden disproportionately affects the working class, limiting their economic mobility and delaying milestones like homeownership. In contrast, wealthy families can afford to pay for education without taking on debt.

9. Cuts to Social Programs​

• Cuts to social safety net programs, such as food assistance, housing subsidies, and healthcare, have left the working class more vulnerable to economic shocks. These programs are often targeted for cuts during periods of austerity, while wealthier individuals and corporations continue to benefit from tax breaks and loopholes.

10. Corporate Influence in Politics​

• The increasing influence of money in politics, especially after the Citizens United decision, has allowed wealthy individuals and corporations to shape policies that protect their interests. This often results in legislation that favors the rich, such as tax cuts and deregulation, at the expense of the working class.

Todd, dismissing Trump’s proposals to cut essential programs as “just proposals” misses the bigger issue.

It misses the issue that the spending wasn't cut. DURR

Beyond the threat of program cuts, let’s talk about the real expenses the working class faced, which wiped out any benefits from those modest tax cuts.

It's true that the tax cuts paid for some of the rising expenses.
Not enough to pay for Bidenflation, obviously.

(Trump is against rent controls

That's good, they're a stupid, harmful idea.

the expenses working-class families had to bear, far outweighed any small gains from tax cuts.

Were there any Biden tax cuts to help the working-class pay for expenses?

Rent controls ensure housing remains affordable and people have housing. Of course, everything I say on these issues is assuming we remain with a market capitalist economy. Socialism will resolve all of these issues, quickly.

 

[TruthNotBS]

The 2008 financial crisis is a clear example of when deregulation and tax cuts didn't benefit the middle class. In the years leading up to the crisis, there was significant deregulation in the financial sector, including the repeal of the Glass-Steagall Act in 1999, which allowed commercial banks to engage in risky investment activities.

Glass-Steagall didn't prevent banks from writing bad mortgages. It wouldn't have prevented the crisis. The GSE mandates to buy subprime mortgages were a regulation that caused harm, right?

Glass-Steagall originally separated commercial banking from investment banking, which meant that banks couldn’t gamble with depositors' money in risky investment ventures. When it was repealed in 1999, it allowed banks to combine these activities, leading to the creation of complex financial instruments like mortgage-backed securities (MBS) that were filled with bad subprime mortgages.

The real issue was that, without Glass-Steagall, commercial banks could now not only write risky mortgages but also package them into MBS and sell them off to investors. This created a feedback loop of ever-riskier lending practices because the banks no longer bore the full risk of those loans—they could offload that risk into the broader financial system. The result was a massive buildup of toxic assets that eventually collapsed the entire system.

As for the GSE mandates to buy subprime mortgages, it's a misunderstanding to pin the crisis solely on them. Fannie Mae and Freddie Mac did indeed play a role in the housing bubble by purchasing subprime loans, but they were far from the only players. Private lenders and Wall Street banks were even more aggressive in pushing subprime loans and creating risky financial products. The crisis was the result of a combination of factors, including deregulation, excessive risk-taking by private financial institutions, and a lack of oversight, all of which were exacerbated by the removal of Glass-Steagall’s protections. So, while the GSEs made mistakes, the root causes of the crisis went much deeper, and Glass-Steagall’s repeal was a significant part of the problem.