Repetition fallacy
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The U.S. national debt exceeded $33 trillion for the first time ever
- Thread starter ptif219
- Start date
Repetition fallacy
Nope. Gas prices were rising, but there were no shortages.
There was a literal embargo that started in 1973 because of Nixon's posturing during the Yom Kippur War.
You don't know history, you just make shit up.
Irrelevant.
Nope. Totally relevant since the embargo started with Nixon, ran through Ford, and into Carter.
Nope. You are making shit up again. Shortages didn't occur until Carter implemented price controls on gasoline.
Nope. You are the one making shit up. That's why you don't source EVER on a thread.
The Arab oil embargo of 1973 put the United States economy on the back foot, causing fuel shortages, a quadrupling of oil prices and long lines at gas stations
https://www.history.com/news/energy-crisis-1970s-innovation
Maybe you should have someone explain the concept of linear time to you.
Capitalism doesn't need to be bailed out, Sock. There was no 'bailout for capitalism'. Bailouts are themselves socialism (communism). The current economic depression was caused by DEMOCRATS.
Of course it needs to be bailed out...capitalism is flawed to the core.
We gave trillions in loans to businesses who never paid them back.
The depression was caused by your big fat mouth...you couldn't shut the fuck up. Every single time you opened your mouth, you caused 2 people to vote for Biden.
You certainly can. Whole cities were created out of the wilderness with nothing more than a few raw materials, innovation, and drive. The computer you are typing on right now was created the same way.
You can't create wealth out of nothing, and we learned that in the 2000's when you inflated a housing bubble to make the economy look like it was growing as a result of tax cuts when it was actually growing as a result of debt.
Capitalism doesn't require any 'bailout'. Bailouts themselves are communism, a form of socialism.
Capitalism requires bailouts because Capitalism is bankrupt.
TARP, PPP, S&L Bailout...all because capitalism can't handle anything...it's a fragile economic system.
It can't withstand global emergencies. We've spent over $10T the last 23 years continually bailing out an economic system that simply doesn't work.
You are describing yourself again.
Repetition fallacy.
It was DEMOCRATS in Congress that ordered the Fed to create the easy money that resulted in the bubble.
Nope.
Bush and the Conservatives inflated a housing bubble and made it central to their 2004 re-election campaign:
Bush Ties Policy to Record Home Ownership
https://www.foxnews.com/story/bush-ties-policy-to-record-home-ownership
Nope. I own my own company.
LMAO! Prove it.
Tax cuts don't steal from anyone.
They steal from everyone.
They have no record of success.
Every single promise made of them went unfulfilled.
It doesn't.
It always does.
After the 2018 tax cut, manufacturing went into a recession for all of 2019, then the rest of the economy followed in February 2020, before any lockdown was ordered.
Trump's best annual GDP growth rate was 2.85%...Obama's best was 2.89%.
So you added $8T to the debt to get growth 0.04% LOWER than Obama.
Good job, idiot.
We are already in an economic depression, started by DEMOCRATS.
Nope.
The last recession started February 2020, a month before any COVID lockdowns were ordered and a year after manufacturing lost 300,000 jobs.
Blatant lie.
You promised growth of "at least 3%" after the tax cut.
Actual growth: 2.85%...0.04% lower than Obama's best mark.
They never work. They always cause shortages. They are fascism, which is what YOU are arguing for. Fascism is a form of socialism.
No, what causes shortages are embargoes, like the one the Arab nations placed on us in 1973 that caused shortages and long lines.
The price of oil is controlled by the cartel, no matter how much or how little oil we produce.
If we ramp up production, that just prompts OPEC to cut their back in order to maintain the price...OR, if they want to choose violence, they ALSO ramp up production when US companies do in order to drive down the price per barrel and bankrupt their competitors...which is exactly what OPEC did in 2015 that caused a bailout of oil-producing states like Texas.
Price controls are not responsible behavior.
Conservatism is not responsible behavior because in every single instance over the last 60 years, Conservatives have bungled the economies handed to them.
Nazis were fascists, which is a form of socialism. That's like DEMOCRATS. Fascism is government manipulation of markets.
Capitalism does not manipulate markets. Capitalism is all about free market.
Fascism is not a form of socialism, but it IS a form of Conservatism.
Of course capitalism manipulates markets...in fact, there's a movie out right now about that very subject:
GDP is not economy. It includes government.
Government spends in the same economy as everyone else.
Government does not create jobs (other than in government).
So government DOES create jobs.
You just wrote a paradox.
Blatant lie.
But it's true! The market growth under Trump BEFORE COVID was the worst since the Great Recession.
You have the wrong year. It was 2020. It was due to DEMOCRATS implementing the Covid hoax.
Nope, it was 2019 and it was because of the tax cut:
In contrast with steady growth in the larger economy, U.S. factory production shrank by 1.3 percent in the past year, the Federal Reserve reported. It marked the worst year for manufacturing since 2015, as the trade war, lackluster global growth and problems at airplane maker Boeing hurt America's industrial economy.
https://www.washingtonpost.com/busi...mild-recession-during-2019-sore-spot-economy/
As for COVID, the lockdowns didn't start until March, yet the economy plunged into a recession in February:
The U.S. Entered a Recession in February
https://www.nytimes.com/2020/06/08/business/economy/us-economy-recession-2020.html
Does February come before or after March?
The Nazis were fascists, Sock, like DEMOCRATS.
Yes, and fascism is Conservatism...they're the same. That's why Conservatives nominate people like Arthur Jones.
You are describing DEMOCRATS again, Sock.
Repetition fallacy
Bulverism fallacy
Denial of history
Reversal fallacy. Socialism cannot exist without capitalism to steal from. Socialism is based on theft of wealth.
LMAO
Without government, how would capitalism survive a market crash?
They won't be employed. You can't get paid more if you're not employed.
Why wouldn't they be employed?