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Trump / Musk (other than DOGE)

  • Thread starter Thread starter nycfan
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You count one day "paper losses" in your investment account or retirement account as an actual loss? Are you liquidating your accounts today? The market will bounce back.
As I posted earlier, Wells and other industry experts predict mortgage rates will fall to 6.1-6.3% by the end of the year. You should be mad at Biden as his inflationary spending caused rates to rise in the first place.
No politician is going to "cut" social security payments - that's political suicide. Might as well worry about an asteroid hitting your house.
1. Paper loss was just illustrative of what a point .76 drop can do to people’s retirement accounts.
2. Blaming Biden for COVID, brilliant.
3. Mortgage rates should have fallen below 6% already but Trump screwed that up.
4. The republicans are the ones talking quite about about cutting social security and not one republican voter has held them accountable for it yet. We shall see. We do know Trump included cuts in every single budget proposal he has ever submitted. I know, it’s dumb to believe anything he says.
 
1. Paper loss was just illustrative of what a point .76 drop can do to people’s retirement accounts.
2. Blaming Biden for COVID, brilliant.
3. Mortgage rates should have fallen below 6% already but Trump screwed that up.
4. The republicans are the ones talking quite about about cutting social security and not one republican voter has held them accountable for it yet. We shall see. We do know Trump included cuts in every single budget proposal he has ever submitted. I know, it’s dumb to believe anything he says.
Trump's budget proposal for each year in his first term included cuts to SS. why can't they simply look at his history and understand that he doesn't give a fuck about SS?
 
Over 5.25T in additional spending in 2021/22 alone (coming on the heels of COVID spending in 2020) AND he wanted trillions more - only Sinema and Manchin stopped him

1.9T - American Rescue Plan - unnecessary as Congress passed almost 1T in COVID relief in December 2020. By April 2021, most of America was on their way to getting vaxxed and returning to work.

1.2T - infrastructure bill -

1.75T Build Back Better

1.6T Inflation Reduction Act - actually a green new deal act.

So you're stating I'm "stupid" for believing that this amount of unnecessary stimulus didn't contribute to inflation? "Completely false?" Larry Summers agrees with me. Yes, there were other contributing factors such as supply chain issues but the additional spending was the main cause of the inflation.
The key word in your statement is "contribute" you completely blamed Bielden earlier. It's a different debate to say he caused vs he contributed.

MTG didn't have a problem accepting almost $200k from those stimulus, just like other hypocritical GOP representatives.
 
Of course it is an oversimplification. More than a bit. The guy I'm responding is a lawyer who doesn't understand concepts like jurisdiction. He's going to have zero chance with R-squared.

The additional fiscal spending in 2021 added very little to inflation. Probably on the order of GOP debt ceiling brinksmanship. At least from the fiscal spending, people were able to eat and pay their rent/mortgage. The GOP raises interest rates just to do it. Gives them woodies I guess.
Agree. I have just found that research paper to be very helpful, and while someone like Ram will never bother to read it, I like spreading the word that it exists whenever I can.
 
Agree. I have just found that research paper to be very helpful, and while someone like Ram will never bother to read it, I like spreading the word that it exists whenever I can.
That is a good reason to post it and summarize it. I know that the audience for message board posts is broader than the persons directly addressed, and I'm glad you brought it to my attention. I hadn't see that paper specifically, though the results are in line with other analyses.
 
You know what the market likes? Stability.

You know what Donald Trump creates? Chaos and instability.

Trump’s very existence on our political stage roils the equity markets and increases interest rates. The markets hate uncertainty, and Donald Trump creates uncertainty for the same reason gtyellowjacket derails message board threads….because he can.
 
"Keir Starmer should not retaliate if Donald Trump hits the UK with trade tariffs, the former chancellor Jeremy Hunt has warned, with ministers braced for the president’s latest round of economic measures.

The former chancellor told the Guardian the UK did not have enough economic firepower to start a trade war with the US, hours after Trump began one with China.

... “But our … goods exports to the United States account for less than 0.5% of US GDP. So we should be very realistic, we don’t have any leverage when it comes to that.” ..."


----
This seems like something you convey in private; otherwise, it seems to invite Trump to kick you in the nuts because you've telegraphed you've got no choice but to stand there and take it with a stiff upper lip ...
 

Inside Trump and Musk’s Clumsy, ‘Exhausting’ Hunt for Leakers

Across the federal government, Trump, Musk, and their allies are trying to snuff out a geyser of press leaks with bullying and snitch networks

"...One of the things Musk and Trump have discussed, according to a source familiar with the situation and another person briefed on it, is the geyser of leaks coming from the administration and the need to identify, root out, and persecute the leakers.

... Musk is not hiding his interest in purging the federal government of anti-Trump leakers — with or without proof. “With regard to leakers: if in doubt, they are out,” he posted on X at 2:10 a.m. ET on Monday.

The world’s richest man and Trump’s interim U.S. Attorney for the District of Columbia Ed Martin have both publicly threatened action against people posting the identities of those involved with Musk’s Department of Government Efficiency (DOGE) team, which is spearheading the efforts to bulldoze agencies and any checks on their power.

... Among the ideas internally kicked around the Trump and Musk teams was the thought of planting younger informers or “spies” in different parts of the federal government to gain the trust of offices and teams suspected of anti-MAGA sentiments.

(The Trump administration has already sought in other ways to erect a snitch network across the federal bureaucracy, encouraging staffers to anonymously tip off their superiors if they see any hint of hush-hush diversity programs operating in the shadows.)

Other ideas include potentially accessing, via virtual back-door access, some staffers’ government emails or communications to see if there’s any recent evidence of leaking to the media, though sources generally concede that it is unlikely career officials would be using their work accounts for these kinds of sensitive and unauthorized conversations.

Other plans focus on Trump administration officials sending different staffers different internal messages or pieces of disinformation, to see what does or doesn’t leak — in the hopes of isolating where some of the leaking could be stemming from. ..."
 
The key word in your statement is "contribute" you completely blamed Bielden earlier. It's a different debate to say he caused vs he contributed.

MTG didn't have a problem accepting almost $200k from those stimulus, just like other hypocritical GOP representatives.
And I was responding to a poster who said it was "completely false" that Biden's 5.25T in additional spending was in any way inflationary. Of course it was.
 


I swear I at first that referred to a Mr. "wetback" -- thank goodness, no. But really, cite a 528-year-old case??? Maybe go back and cite the Witchfinder General, too, since Alito likes him (I think it was Alito).
 

“Very simply put, here’s what I believe happened: In the process of accumulating enormous wealth, the tech-oligarchs created the conditions for their loss of social power and, when they realized this, they got a big dose of class consciousness and turned furiously reactionary.”
 
And I was responding to a poster who said it was "completely false" that Biden's 5.25T in additional spending was in any way inflationary. Of course it was.
Link? I don't see anyone in this thread using the phrase "completely false."
 
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