PostmodernProphet
fully immersed in faith..
interesting......white lib'ruls say they feel racial guilt too......
Trump fires back at Obama, boasts he's got 'magic wand' on economy
- Thread starter anatta
- Start date
interesting......white lib'ruls say they feel racial guilt too......
Fentoine Lum
Verified User
Whenever I wish to learn more about some ostensible grouping of hominids, I always turn to someone who spends all their time hissyfitting about them.
PostmodernProphet
fully immersed in faith..
Pimp and alatta are all stumbling all over the place.
you'll need a magic wand to make that happen........
Fentoine Lum
Verified User
Can't, Don's waving the wand over the economy.
All stimulus is artificial.
And there wouldn't have been a need to do QE if Conservatives hadn't forfeit their duties to govern for obstruction. And I'm not even sure why you oppose QE since it's your trickle down economics in its most base form; literally handing cash to the banks to then lend out to everyone else, after taking a cut for themselves. That's your entire economic belief system, simplified just for you. And here you're screeching about it like it's some kind of liability. What a fucking fraud.
No, it's trickle down economics, which you should fucking love. QE handed the banks tons of money that they were supposed to trickle down on the rest of us in the form of lending. Only, they didn't do that, like every other fucking time we've redistributed wealth to the top, and kept most of it for themselves while using the excuse of the housing bubble they caused as to disqualify many people from getting loans.
Then Conservative idiots like you come on the boards and have the gall to actually complain about the concept of QE, but not the results. What a fucking shock.
cawacko
Well-known member
After the initial stimulus and QE 1 how much more stimulus did the economy need
cawacko
Well-known member
You falsely equating QE with supply side economics does not make me a fraud.
Moving the bar, I see...
The economy needed plenty of stimulus because, as I said, Conservatives forfeit their duties to govern, opting for obstruction as a strategy-as-policy. The ARRA ran out because it was temporary. And because Congress was supposed to address the structural issues that not only caused the recession, but amplified it (particularly for homeowners), by the time the ARRA's funding ran out. But those solutions never came to fruition because of the lying, shitbag, teabag garbage people who got a whole bunch of fat, entitled Boomers to buy into the concept of austerity as the solution to economic contraction. So those fat, entitled Boomers started feigning concern over the debt and "unfunded liabilities" because they wanted to use the recession they caused as an excuse to finally cut the social programs they've always hated but could never legislate away because they lack the courage, will, and support. So they con people like you into thinking that undefined debt crises and economic stimulus are the real enemy, and that simply doing nothing will result in the economy magically roaring back to life.
It's why Conservatives have never had a period of economic prosperity that didn't come at the cost of something else since Nixon. Never. Not once. Not ever.
So the question that remains is why do you continue listening to those people when they try to scare you about debt, deficits, and pensions? The answer is pretty obvious; you're looking to have your personal inherent biases confirmed.
It's the same fucking concept, asshole.
The supply-side in that case is the banks. QE hands the banks money that they were supposed to loan out to consumers. That's trickle down. That's what you believe the best economic policy is. Handing the wealthy the money because "they know how best to spend it because they're wealthy".
Why do you even oppose QE? I can't understand why. You support giving tax cuts to the rich because they'll one day, maybe, possibly, though they never have, trickle down to the rest of the economy; QE is the same fucking concept; you give the banks money, and the banks are supposed to trickle that down to the rest of the economy in the form of lending. Only just like how the rich never trickle down, neither do the banks.
So again, not sure why you are howling about QE when it's your economic principle that is behind it.
MAGA MAN
Let's go Brandon!
QE basically deflates the currency, so in reality it is stealing from anyone who has money in a savings account or cash on hand. Rich folks like me have their money in RE, stocks, bonds, and other venues in a well-balanced portfolio, and only a few months worth of expenses in savings and cash, so we're not affected much at all by FedCo' QE stealing scheme.
But guess who is affected a lot by QE stealing? Folks without investments, who live from paycheck to paycheck, rent apartments, and maybe have some money in savings accounts. Poor folk like you, exactly the type that The Obama and other liberal 'rats claim to care about.
cawacko
Well-known member
Asking you a question about your position is not moving the bar. I'm asking you what stimulus you felt was needed post the initial stimulus and QE 1.
Sure it is. Because your initial position was anti-QE, period. Then when you realized the Fed needed to do QE because you Conservative shitbags had no workable or cogent or coherent policies that could help the economy recover, you moved the bar to QE beyond what was done initially.
It's a pretty obvious and shitty tactic.
The Jobs Bill that Obama proposed that Conservatives refused to even hold a vote on, or even bring to a Committee for a hearing.
The ARRA was a stimulus meant to bridge the gap between the recession and the reforms and regulations the government passed in order to solve the crisis Conservative policies caused, and set up the economy to move forward with growth. But you fucking assholes decided you wanted to make austerity the solution to economic contraction. And the economy suffered because of it. Conservatives got power in 2011 and did absolutely nothing to fix the structural issues that caused the recession and amplified it. The reason is obvious; a solution would negate their entire belief system since it was their belief system of tax cuts and deregulation that caused the housing crisis to happen. And Conservatives absolutely refuse to ever hold themselves to account for anything. So you went all-in on austerity, even getting hoodwinked by Conservative conmen in the process (Seriously, how fucking dumb are you to have been conned by those assholes), and to this day none of you have admitted your reactions post-economic collapse were all instinctively wrong.
Our currency was not deflated during QE or the period after it, nor is it deflated today.
Wanna try again, faker?
cawacko
Well-known member
A lot of projecting going on here. I am against QE however if one round had to be done then it was done. What I don't believe was needed were rounds two and three. That's not a tactic, that's my believe.
Nor is asking you a question a tactic. You have chosen not to answer why you feel we needed rounds two and three of QE.
During QE, wages grew for workers at a faster pace than they're growing now.
So, you're talking out of your ass. Big surprise there.