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Posted on 2/28/21 at 6:10 pm to Jake88
If you want to believe he was great there is nothing I can say that will convince you otherwise.
But he managed to lose an election to Joe Biden which should be very telling, blamed everyone else instead of himself, mismanaged the corona response. In addition to what you mentioned he also had some good instincts on criminal justice - but his failures in almost every other instance were pretty terrible and negating any sort of actual good policy he managed to stumble into.
He talked a good game in 2016, made a lot of promises that were addressing real problems that never get discussed - he just didn't actually work very hard to deliver.
But he managed to lose an election to Joe Biden which should be very telling, blamed everyone else instead of himself, mismanaged the corona response. In addition to what you mentioned he also had some good instincts on criminal justice - but his failures in almost every other instance were pretty terrible and negating any sort of actual good policy he managed to stumble into.
He talked a good game in 2016, made a lot of promises that were addressing real problems that never get discussed - he just didn't actually work very hard to deliver.
This post was edited on 2/28/21 at 6:12 pm
Posted on 2/28/21 at 6:15 pm to Sneaky__Sally
quote:
you want to believe he was great there is nothing I can say that will convince you otherwise.
But he managed to lose an election to Joe Biden which should be very telling, blamed everyone else instead of himself, mismanaged the corona response. In addition to what you mentioned he also had some good instincts on criminal justice - but his failures in almost every other instance were pretty terrible and negating any sort of actual good policy he managed to stumble into.
He talked a good game in 2016, made a lot of promises that were addressing real problems that never get discussed - he just didn't actually work very hard to deliver.
The delusion is strong here. I'm not even sure if this is just a terriblw troll attempt
Posted on 2/28/21 at 6:17 pm to HailToTheChiz
I shouldn't have said anything, I don't want to argue politics - Trump just isn't the people's hero he pretends to be IMO.
Posted on 2/28/21 at 6:18 pm to FlyingTiger1955
quote:
You won't have a safe space. Prepare to starve.
Plenty of people living in rural areas with small livestock collections and large gardens that won't be starving in the least. With the firepower to defend them.
Posted on 2/28/21 at 6:20 pm to Sneaky__Sally
quote:
But he managed to lose an election to Joe Biden which should be very telling,
The moment mail in voting was allowed, there was no way Trump could win. It was straight up ballot harvesting at that point. Groups were circulating in deep urban blue cities filling out ballots for people who otherwise wouldn't get out to vote, and just having them sign....if not outright giving them various forms of payment to sign them.
Posted on 2/28/21 at 6:22 pm to Centinel
quote:
There difference being that our issues were created by government fiat.
I don't think this is true with regards to Japan's Lost Decade. The Bank of Japan played a fairly large role in the asset bubble if I recall, with a lax monetary policy, and inflation only in asset markets, and not in the price of goods. Once the bubble popped, the continued deflationary spiral occurred partly due to the massive demographic issues Japan has had, as well as the inability of public works projects to stimulate demand. It took QE for Japan to see any major growth during this time period.
Arguably, Japan has never recovered from the Lost Decade, specifically because of the demographic issues, which manifested themselves in darker ways too.
Posted on 2/28/21 at 6:22 pm to notiger1997
quote:
I'm farting in jars and putting the lids on them.
Maybe if it came out of Charlene Tilton's arse I'd take a bite. - Joe Dirt
Posted on 2/28/21 at 6:25 pm to crazy4lsu
quote:
I don't think this is true with regards to Japan's Lost Decade. The Bank of Japan played a fairly large role in the asset bubble if I recall, with a lax monetary policy, and inflation only in asset markets, and not in the price of goods.
My point is that our current situation was completely avoidable and exists solely because of the asinine response by our government at the national, state, and local levels over a virus that is irrelevant to the overwhelming majority of our population.
Japan may indeed have shot themselves in the foot with a .22LR, but we put our face in front of a 155mm howitzer purely based on feelings.
This post was edited on 2/28/21 at 6:32 pm
Posted on 2/28/21 at 6:26 pm to Vastmind
I hate to tell you right now we are more likely to end up in a depression then hyperinflation.
The good ole USA does not export enough hard materials and good. What manufacturing jobs we have are slowly declining due technology. Look at M2 and lack of money velocity, this may resort in hyperinflation, but for 75% of workers, it will be a depression because of lack of income.
The good ole USA does not export enough hard materials and good. What manufacturing jobs we have are slowly declining due technology. Look at M2 and lack of money velocity, this may resort in hyperinflation, but for 75% of workers, it will be a depression because of lack of income.
Posted on 2/28/21 at 6:31 pm to Centinel
It might have been unavoidable, but nations have recovered from hyperinflationary episodes. To my knowledge, deflationary episodes like the one Japan has been experiencing seem much more difficult to recover from, especially if it is paired with a demographic crisis, with the USA's crisis beginning in earnest nearly a half-century ago. The monetary policy only pays a part in such an episode, it seems, as the fundamental crisis, for me, is the demographic one. The data from the pandemic in terms of demographics is not great either.
This post was edited on 2/28/21 at 6:33 pm
Posted on 2/28/21 at 6:33 pm to crazy4lsu
quote:
It might have been unavoidable
It was never unavoidable.
Posted on 2/28/21 at 6:34 pm to Centinel
Sorry I meant to type avoidable.
Posted on 2/28/21 at 6:35 pm to Sneaky__Sally
quote:Nope. This was going to be like this regardless. Biden's plans are basically Trumps plans plagiarized. In fact, Biden mocked the notion that a vaccine would be ready in 2020. It seems that Trump must have been in charge of many countries because they all have had their troubles, short of the ones who lock you in your apartment and place a hold on your credit cards.
mismanaged the corona response
Losing to Biden in an election has nothing to do with presidential competence and everything to do with 4 plus years of never ending media bludgeoning.
Posted on 2/28/21 at 6:36 pm to Jake88
quote:
and everything to do with 4 plus years of never ending media bludgeoning.
And de facto ballot harvesting known as "mail in ballots."
Posted on 2/28/21 at 6:36 pm to Centinel
I’m giving myself props for the 5 pager
Posted on 2/28/21 at 6:37 pm to crazy4lsu
quote:
Because hyperinflation is unlikely at the moment, despite the increase in monetary supply, especially if this stimulus plays out the same way as the last stimulus. If anything, it looks like the US and other advanced economies will have to respond to the issues that caused Japan's Lost Decade, where the collapse of real estate and stock market bubbles caused a long, slow decline of Japan's economy. Despite QE employed by the central bank, you still saw deflationary pressures, which combined with low growth, produced because consumers refused to spend their money, corporations were reluctant to invest and banks sat on their cash. Recently I read a paper on QE in Japan that showed good long-term outcomes though.
There are some significant deflationary pressures in the US too, namely, the insane demographic issues that no one seems to care about, with plummeting birth rates among every ethnicity and every age-specific bracket. The one thing that helps the US is that the demand for dollars is extremely high. It is difficult to imagine a world where the demand for dollars isn't high, because most of the rest of the world has their own economic and demographic issues with which to contend.
Seems more plausible than hyperinflation at the moment given the data. I’d be interested in comparing equity and real estate wealth of Japan’s equivalent of our boomer generation that is in the process of accelerating retirement as a generation, which will inevitably move money out of the market and into fixed income products to manage risk and generate cash flow for living & leisure expenses in retirement.
Posted on 2/28/21 at 6:42 pm to crazy4lsu
quote:
The one thing that helps the US is that the demand for dollars is extremely high. It is difficult to imagine a world where the demand for dollars isn't high, because most of the rest of the world has their own economic and demographic issues with which to contend.
Exactly. I think there's only one way the dollar hyperinflates and that's the US losing a world war.
Posted on 2/28/21 at 6:43 pm to Duke
quote:
and that's the US losing a world war.
This is pretty much guaranteed.
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