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

Posted on 4/7/25 at 8:55 pm to
Posted by Veritas
Member since Feb 2005
10852 posts
Posted on 4/7/25 at 8:55 pm to
Sit this one out. You’re over your skis
Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 4/7/25 at 8:55 pm to
quote:

And I argue having GDP decrease hurts that goal, by decreasing tax receipts


What percentage of GDP is government spend? Do you support a decrease there?
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138949 posts
Posted on 4/7/25 at 9:02 pm to
quote:

Did you miss the 2nd bubble?
In the second absurd graph? No. I didn't miss it. I ignored it.

I just disassembled your premise using your own materials.
But let's do this differently since you've decided your own personal opinion is determinate as to acceptable home real estate rate of appreciation.

How much REAL growth in home value should a homeowner expect enjoy over 15yrs on average?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476874 posts
Posted on 4/7/25 at 9:07 pm to
quote:

What percentage of GDP is government spend? Do you support a decrease there?


I already warned the DOGE acolytes that there would be a real, negative impact on our GDP/economy. A necessary evil.

Engaging in the CR (printing trillions) with the admin cuts was the curious combination of policies. We get the worst of both policies there.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476874 posts
Posted on 4/7/25 at 9:10 pm to
quote:

In the second absurd graph? No. I didn't miss it. I ignored it.

There were 2 graphs nothing the 2nd bubble. There are more.

quote:

I just disassembled your premise using your own materials.

By ignoring the important outputs of the government policy

quote:

But let's do this differently since you've decided your own personal opinion is determinate as to acceptable home real estate rate of appreciation.

note: I did not create either of the graphs. It's not my opinion.

quote:

How much REAL growth in home value should a homeowner expect enjoy over 15yrs on average?

Well after the past week the chances of a worldwide depression went up severely, so let's see how that chaos affects things
Posted by NIH
Member since Aug 2008
122867 posts
Posted on 4/7/25 at 9:11 pm to
Aren’t you in your 50s? Isn’t embarrassing to emote like you do?
Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 4/7/25 at 9:13 pm to
quote:

Well if the increase in value (compared to other investments) was due to manipulation by the state purposefully inflating it, this would mean it's a less attractive investment, wouldn't you agree?


What other investments? Which investments are not subject to this same inflation? The only ones that aren’t, like cash, are certainly not more attractive to hold than buying real property.

Real Estate is a finite resource, and all of us need it. It’s tax advantaged. People have been going to war over it since people figured out how to swing a hammer. I do not think it is relatively less attractive than any other investment. And I think the increase in real estate prices is perhaps the least sinister, or simply least damaging effect of the monetary policy you are describing
Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 4/7/25 at 9:20 pm to
quote:

The bubble is just bigger, now, with a larger potential fall once it pops.


Do you really think the set up is the same? You have already noted that prices have gone up specifically because of low interest rates. Do you see many defaults on these historically low interest mortgages? Do banks stop lending if that happens? Is there cash on the sidelines ready to buy foreclosures?
Posted by epbart
new york city
Member since Mar 2005
3330 posts
Posted on 4/7/25 at 9:23 pm to
quote:

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


1) I'm not sure on any of them.

2) I dont think it matters, but not for the reason you seem to be pushing... a possibly too quick read of this thread on my part suggests you think MAGA is embracing something of a leftist policy point in talking up the middle class and trying to bring middle/lower middle class manufacturing back.

The problem (my reason for saying it doesn't matter) is that you can't/shouldn't take anything a politician says at face value.

For instance, Kamala, during her 2024 run, suddenly said she was pro-fracking when she has a history of being anti-fracking. She also paid lip service to wanting to tighten up the border/immigration policy during her short campaign. I don't think I'm alone in thinking her sudden shifts were to sway the 'middle class' to vote for her instead of Trump. I also don't think I'm alone in not believing her. Did you believe her?

So, similarly, Obama, Sanders, and AOC have all made appeals to the middle class for votes and public perception. That's nice. But so what. All of them had to appeal to the shrinking middle class against the 1% from their Marxist/cultural Marxist factions they support in order to be electable. But I don't see that any of them have done anything beyond paying lip service... and anytime it became a point of supporting the middle class or their Marxist base, they backed their marxist base.

Obama is also probably the only one of the three Dems who was actually in a position to do anything. I'm not sure how much damage he did in his first term or if he was just laying the groundwork, but it's rather interesting that once he was reelected in 2012, cultural Marxism really seems to have bloomed here in the States, media took a more significant left turn (in part due to repealing Smith-Mundt), and public discourse became far more divisive... well before Trump entered the race.

I don't blindly follow MAGA or anyone, nor do I get over excited or sad when a politician says something-- Trump included. But, based on your quotes, I dont see much basis for what you're trying to argue...

- On the one hand, the Left lies to the middle class to get elected, then does nothing for them. Once elected they pursue socialist/Marxist objectives.

- On the other hand, Trump ran on populism, ramping up manufacturing, and strengthening the middle class. He is taking actions which might (or might not) work out. But he is not at all acting like a leftist-- however similar the talking points.

These positions are not the same, and I dont think you present a good case for MAGA types to move away from pro-middle class rhetoric. If anything, you're proving they should not believe Democrats.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476874 posts
Posted on 4/7/25 at 9:23 pm to
quote:

Real Estate is a finite resource,

As my mentor JerseyTiger used to say in response to that axiom (paraphrasing a bit), "Most land is worthless"

quote:

It’s tax advantaged

More government manipulation.

This manipulation is, in my opinion, the biggest way that a person can exploit this government manipulation in the "investment" sphere.

quote:

And I think the increase in real estate prices is perhaps the least sinister, or simply least damaging effect of the monetary policy you are describing

The inability of "the middle class" to dream of housing is a major plank, to bring it back to OP, in this leftist populism infecting the hive mind of America currently.

You'll see this repeated by the MAGA-adjacent often on here.

What I really fear is that when this "2nd bubble" pops, fedgov will bailout the homeowners again.
Posted by Jbird
Shoot the tires out!
Member since Oct 2012
90621 posts
Posted on 4/7/25 at 9:24 pm to
Only one thing in the world ain't getting produced

Land
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476874 posts
Posted on 4/7/25 at 9:25 pm to
quote:

suggests you think MAGA is embracing something of a leftist policy point in talking up the middle class and trying to bring middle/lower middle class manufacturing back.

Not "something of"

quote:

If anything, you're proving they should not believe Democrats.

You had to use a lot of framing to get here
Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 4/7/25 at 9:32 pm to
quote:

I already warned the DOGE acolytes that there would be a real, negative impact on our GDP/economy. A necessary evil.


Either you are a non-interventionist strict capitalist or you aren’t. I didn’t ask about DOGE or your opinion on it. I asked if you supported federal spending cuts.

You made the argument that a decrease in GDP would increase the deficit because of decreased tax receipts. You have made plenty of comments that you don’t support the government’s monetary policy, particularly related to borrowing (which directly affects debt and the deficit) So how do we get there? How do we lower it without pain?

And let’s say we do make the cuts and go through that period of pain. Are we still so competitively superior to other countries? The reason you have given is because we are “rich”. Would these actions make us less rich? You still have not defined rich, and we all n in ow how you rely on the glossary of terms.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476874 posts
Posted on 4/7/25 at 9:39 pm to
quote:

Either you are a non-interventionist strict capitalist or you aren’t. I didn’t ask about DOGE or your opinion on it. I asked if you supported federal spending cuts.


quote:

A necessary evil.


quote:

You made the argument that a decrease in GDP would increase the deficit because of decreased tax receipts.

Yes.

quote:

You have made plenty of comments that you don’t support the government’s monetary policy, particularly related to borrowing (which directly affects debt and the deficit) So how do we get there? How do we lower it without pain?

Cutting spending, primarily welfare (SS, Medicare, Medicaid, ACA subsidies).

What not to do: enact silly policies like the recent tariff one that risk GDP decreasing, and certainly not the redistributive kind that specifically aims to take from our productive areas to redistribute to unproductive ones.

quote:

And let’s say we do make the cuts and go through that period of pain. Are we still so competitively superior to other countries?

Uh, yeah.

Europe has the same debt issues without the economic future (due to their socialism).

China, with its mid overall economy, shockingly is high in the debt:GDP rankings. That's not good, especially with their economy floundering (Covid accelerated their issues, too)...and this is all prior to the demographic time bomb they're sitting on imploding.

quote:

The reason you have given is because we are “rich”. Would these actions make us less rich?

Like with the USD, the question is who could challenge us in that recovery period.

This is all relative, and we're the best of a group with warts.
Posted by epbart
new york city
Member since Mar 2005
3330 posts
Posted on 4/7/25 at 9:40 pm to
quote:

You had to use a lot of framing to get here ?


Yup, I tend to over-write if I argue here. That’s part of why I only have 3k or so posts after 20 years.

But I am pretty good at framing arguments and covering my bases... which is why you're limited to trying to brush me off with a laughing emoji and critiquing the length of my post and not my main point.

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476874 posts
Posted on 4/7/25 at 9:44 pm to
quote:

But I am pretty good at framing arguments and covering my bases... which is why you're limited to trying to brush me off with a laughing emoji and critiquing the length of my post and not my main point.

I didn't critique the length of your post

I critiqued your framing, which was, boiled down "Democrats lie. Republicans are sincere" which ignores the fact that they rely on the same policies for these goals (see the Nancy Pelosi video from 1996)
Posted by OceanMan
Member since Mar 2010
23218 posts
Posted on 4/7/25 at 9:53 pm to
quote:

As my mentor JerseyTiger used to say in response to that axiom (paraphrasing a bit), "Most land is worthless"


That’s a good one, but it is indeed finite, which is an extremely significant economic factor. That’s an objective truth that I shouldn’t need to explain further.

quote:

quote:It’s tax advantaged

More government manipulation.


But again, this is an objective truth that need not be disputed. Tax is the biggest cost of owning basically anything and appears in nearly every transaction conducted. You asked about why RE is relatively attractive to other assets?

quote:

The inability of "the middle class" to dream of housing is a major plank, to bring it back to OP, in this leftist populism infecting the hive mind of America currently.


I reject this premise. I can’t help what (as you stated) undefined groups such as the “middle class” dream about things. I think it’s a self perpetuating phenomenon.

You posted a chart a few times,it shows RE prices climbing over a lifetime. You have to figure out a way to catch the flying knife.
Posted by Jbird
Shoot the tires out!
Member since Oct 2012
90621 posts
Posted on 4/7/25 at 9:56 pm to
God isn't making more land.

Laws for frickheads yes

Land no
Posted by wackatimesthree
Member since Oct 2019
13503 posts
Posted on 4/7/25 at 9:56 pm to
quote:


Only one thing in the world


Nope.

Time also.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476874 posts
Posted on 4/7/25 at 9:57 pm to
quote:

s indeed finite, which is an extremely significant economic factor. That’s an objective truth that I shouldn’t need to explain further.

It doesn't make land valuable.

Just like housing. There is cheap housing all over the US. You can buy cheap housing on Plank road or in Flint, Michigan.

quote:

You asked about why RE is relatively attractive to other assets?

No people got upset with this comment of mine

quote:

Well the problem is seeing home ownership as a wealth building opportunity and teh government policy that came about to protect that.


LINK

quote:

You have to figure out a way to catch the flying knife.

Knowing when to catch the knife is why Nancy Pelosi is so rich

I'm not in Congress so I am just guessing
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