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re: Are these quotes from MAGA, Bernie Sanders, Obama, or AOC?

Posted on 4/7/25 at 7:07 pm to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:07 pm to
quote:

Your concept?




From this PBS Article

quote:

Instead of the economic advancement that industrialisation once promised to bring, the exporting nations are engaging in a rapid “race to the bottom”, observes Marc Anner from the Global Labour University.


quote:

A single country is powerless in the face of the behemoth that is world trade. Only external pressure, such as a US and EU ban on products manufactured under exploitative conditions, will make a difference. The Trans-Pacific Partnership (TPP) negotiated under Barack Obama was a step in the right direction, with its minimum wage and health and safety requirements, as well as calls to end child and forced labour.

Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 4/7/25 at 7:07 pm to
quote:

Only because of government intervention propping it up and inflating our debt to the tune it trillions


That inflation came with interest rates under 3%.
Posted by Robin Masters
Birmingham
Member since Jul 2010
35926 posts
Posted on 4/7/25 at 7:08 pm to
quote:

You literally just did that


So you support AoC and Bernie then?

Thanks for coming out finally.
Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 4/7/25 at 7:08 pm to
quote:

You are without question the most attention seeking poster on this forum.


He is teaching us bro. We should be paying.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:09 pm to
quote:

What makes the market "unfree"






stout, care to chime in?

Posted by RohanGonzales
Pronoun: Whatever
Member since Apr 2024
10685 posts
Posted on 4/7/25 at 7:09 pm to
longer one was 3 rows, so zero context, got it
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:10 pm to
quote:

That inflation came with interest rates under 3%.

That was another intentional part of the policy to inflate housing values
Posted by Sofaking2
Member since Apr 2023
21241 posts
Posted on 4/7/25 at 7:10 pm to
Trump has never been a conservative. As a conservative, I’ve never thought of him as such. He is a moderate slightly right of center populist. This is why it’s funny people painting him like a far right dictator, lol. I do like Trump especially considering the alternative was an idiot. Kamala is literally stupid.
Posted by Barstools
Atlanta
Member since Jan 2016
11840 posts
Posted on 4/7/25 at 7:11 pm to
No idea, but the OP is a fig
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:15 pm to
quote:

Trump has never been a conservative.

I understand, but OP includes no Trump quotes, only MAGA ones.

The rabid Trump fans who literally promote AOC-Obama leftism have been fascinating to watch
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138943 posts
Posted on 4/7/25 at 7:19 pm to
quote:

stout, care to chime in?
So ... essentially the same "unfree" as you enjoy when "big government" responds to your house fire, burglary in progress, title theft, FSLIC protection, etc.?
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138943 posts
Posted on 4/7/25 at 7:21 pm to
quote:

That was another intentional part of the policy to inflate housing values
Yikes!

Might there have been another motivation?
Posted by Bunk Moreland
Member since Dec 2010
68405 posts
Posted on 4/7/25 at 7:22 pm to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:22 pm to
quote:

So ... essentially the same "unfree" as you enjoy when "big government" responds to your house fire, burglary in progress, title theft, FSLIC protection, etc.?

Over 12 years?

QE, artificially low interest rates, preventing foreclosures, etc. were all policies implemented specifically to inflate housing prices. It's a government-created bubble in response to a popped bubble (in 2008).
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138943 posts
Posted on 4/7/25 at 7:25 pm to
quote:

QE, artificially low interest rates, preventing foreclosures, etc.
And .... yet ..... Gen-Y couldn't be bothered with house purchases?

Really?

Tisk-tisk-tisk
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:26 pm to
quote:

Might there have been another motivation?

To protect the "wealth" you were referencing.



TARP was one thing, and was necessary (and was repaid) to stop a global financial meltdown.

This was done to avoid politicians having to oversee a recession, creating another bubble in the process. No President wanted to oversee "Americans losing their primary vehicle of wealth accumulation" so they kept the bubble inflating as they kicked the can.

The insane printing by Trump and Biden in response to Covid created so much inflation it became untenable and they had to stop the post-2008 inflationary policies.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:27 pm to
quote:

And .... yet ..... Gen-Y couldn't be bothered with house purchases?

Really?

That's not really relevant to the discussion of how the "wealth" created was just federal debt creation, and why housing shouldn't be looked at a path to create that wealth today.
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
5906 posts
Posted on 4/7/25 at 7:28 pm to
quote:

I understand, but OP includes no Trump quotes, only MAGA ones. The rabid Trump fans who literally promote AOC-Obama leftism have been fascinating to watch


Listen I understand your stance on government or political persuasion being out of economics. I would love that also. The problem is the elephant in the room that created our massive debt. Unfortunately politicians (trump, republicans, democrats, libertarians, etc) created it and are going to have to fix it. This is something that, at this point, cannot be reconciled by natural or free trade. Whether you like it or not is irrelevant, something drastic most be done. We needed major change and the public voted for it. Whether you are pro or anti means zilch. You can give opinions just like I can.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476856 posts
Posted on 4/7/25 at 7:32 pm to
quote:

Listen I understand your stance on government or political persuasion being out of economics

It's not just my stance, or, at least, used to be just not my stance. That was the DOMINANT view on here. Anti-socialism and anti-leftism.

quote:

The problem is the elephant in the room that created our massive debt.

More leftism. Easy for me to oppose.

quote:

This is something that, at this point, cannot be reconciled by natural or free trade.

Trade has little to do with public debt, other than creating a GDP that can thwart it somewhat. Hurting GDP by fricking with trade is going to make dealing with public debt much harder.

Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138943 posts
Posted on 4/7/25 at 7:32 pm to
quote:

To protect the "wealth" you were referencing.
IMO, it was done to protect Obama (where's-your-magic-wand) Administrative Economic incompetence. But that is neither here nor there. You could make the argument you're attempting prior to the Fannie/Freddie crash in Sept 2008. Not after.
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