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Started By
Message
re: Are these quotes from MAGA, Bernie Sanders, Obama, or AOC?
Posted on 4/7/25 at 7:07 pm to NC_Tigah
Posted on 4/7/25 at 7:07 pm to NC_Tigah
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 on 4/7/25 at 7:07 pm to SlowFlowPro
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 on 4/7/25 at 7:08 pm to SlowFlowPro
quote:
You literally just did that
So you support AoC and Bernie then?
Thanks for coming out finally.
Posted on 4/7/25 at 7:08 pm to Bass Tiger
quote:
You are without question the most attention seeking poster on this forum.
He is teaching us bro. We should be paying.
Posted on 4/7/25 at 7:09 pm to NC_Tigah
quote:
What makes the market "unfree"
stout, care to chime in?
Posted on 4/7/25 at 7:09 pm to SlowFlowPro
longer one was 3 rows, so zero context, got it
Posted on 4/7/25 at 7:10 pm to OceanMan
quote:
That inflation came with interest rates under 3%.
That was another intentional part of the policy to inflate housing values
Posted on 4/7/25 at 7:10 pm to SlowFlowPro
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 on 4/7/25 at 7:11 pm to SlowFlowPro
No idea, but the OP is a fig
Posted on 4/7/25 at 7:15 pm to Sofaking2
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 on 4/7/25 at 7:19 pm to SlowFlowPro
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.?
stout, care to chime in?
Posted on 4/7/25 at 7:21 pm to SlowFlowPro
quote:Yikes!
That was another intentional part of the policy to inflate housing values
Might there have been another motivation?
Posted on 4/7/25 at 7:22 pm to NC_Tigah
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 on 4/7/25 at 7:25 pm to SlowFlowPro
quote:And .... yet ..... Gen-Y couldn't be bothered with house purchases?
QE, artificially low interest rates, preventing foreclosures, etc.
Really?
Tisk-tisk-tisk
Posted on 4/7/25 at 7:26 pm to NC_Tigah
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 on 4/7/25 at 7:27 pm to NC_Tigah
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 on 4/7/25 at 7:28 pm to SlowFlowPro
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 on 4/7/25 at 7:32 pm to Warboo
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 on 4/7/25 at 7:32 pm to SlowFlowPro
quote: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.
To protect the "wealth" you were referencing.
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