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Recession is upon us - disastrous economic data


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5 minutes ago, The Frankish Reich said:

^ Is this in some unfamiliar dialect? Because in ordinary English it really doesn't make sense.

 

 

try harder, reset your translator.

 

 

 

 

 

 

 

 

Edited by Tommy Callahan
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22 minutes ago, Tommy Callahan said:

Aw. the troll farm goes off script 

 

Dunking on anyone not in the investor class.

 

Eff them fixed income, poor, homeless, working and middle class.

 

The party of tolerance and Democracy has proven those were just talking points.

 

 

 

 

That’s what MAGA does.  Child tax credit? Adios.  Tariffs?  Raises taxes on everyday consumers.  Middle class?  MAGA gives the rich a dollar and you a dime.  
 

tommy eyerolls here really should be a Bernie bro - or a Democrat - instead of MAGA. 

Edited by SectionC3
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Just now, SectionC3 said:

That’s what MAGS does.  Child tax credit? Adios.  Tariffs?  Raises taxes on everyday consumers.  Middle class?  MAGA gives the rich a dollar and you a dime.  
 

tommy eyerolls here really should be a Bernie bro - or a Democrat - instead of MAGA. 

So much gaslighting.

 

Pelosi killed the credit while trying to get SALT cap lifted (welfare for rich landowners in high tax states.

 

Have you been in a cave and missed the inflation crippling people and families.

 

Team Blue gives all the revenue and 25% on credit, directly to the owners of the fortune 500

 

But as long as the portfolios are fat, eff em

 

Right.

 

 

 

 

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3 minutes ago, SectionC3 said:

That’s what MAGA does.  Child tax credit? Adios.  Tariffs?  Raises taxes on everyday consumers.  Middle class?  MAGA gives the rich a dollar and you a dime.  
 

tommy eyerolls here really should be a Bernie bro - or a Democrat - instead of MAGA. 

You know what?

A lot of them were Bernie bros. Yes, they actually wanted to vote a for true red commie-adjacent "Democratic socialist" before they started insulting them.

They're like Joe Rogan (one of their new media heroes for some unexplained reason; I think they're intimidated by commenters smarter then them?) - he was a Bernie voter before he became a Trumpie.

The horseshoe theory. 

4 minutes ago, Tommy Callahan said:

Team Blue gives all the revenue and 25% on credit, directly to the owners of the fortune 500

 

But as long as the portfolios are fat, eff em

See what I mean?

When has a Republican ever talked like this?

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Na, the left is correct. everything in the economy is effing amazing. just look at the stock market and GDP.

 

Stick to the Macro, the micro is just noise.

 

Unlike you, I live in ny and am a registered DEM.

 

DEMS used to be antiestablishment, antiwar, anti-monopolies and were  moderate.

 

that ship sailed a while ago.

 

 

 

 

Edited by Tommy Callahan
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3 hours ago, Tommy Callahan said:

Stock market isn't the economy.  But good job showing how the inventor class is doing well with direct state funding to the companies they support.  

 

So daft 

401K = "investor class" I don't think so. Wasn't the 401K instead created as an alternative to SS so that the actually investor class could get a hold of the working classes retirement savings? 

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13 minutes ago, Tommy Callahan said:

Unlike you, I live in ny and am a registered DEM.

 

DEMS used to be antiestablishment, antiwar, anti-monopolies and were  moderate.

 

that ship sailed a while ago.

I think you're right.

And that's a good argument for voting for the Bernie/AOC wing of the Democratic Party.

But in a classic binary choice between the Centrist Wing of the Democratic Party and Trump's New Republicans, how does this lead you to Trump? His plan is to further cut corporate taxes. You know what we used to call that? Trickle down. His plan is also for less robust antitrust enforcement. In other words, in favor of more monopolies. 

It doesn't add up.

The Bernie or Trump thing dissolves into a temper tantrum against the status quo, ignoring the fact that the two parties propose very different agendas for America.

If you're a Democratic Socialist, just admit it and stop falling for the trap the Capitalist Class set for you, in which everyone other than the Capitalists is dismissed as a commie.

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The only people that still say trickle down prove they don't understand basic principles like supply vs demand side.

 

Bernie like AOC only receive support in non diverse enclaves. 

 

I have been a registered Dem for years.  Called a realist. 

 

The last time democratic socialist had power it was called Weimar republic.  

 

 

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6 minutes ago, Tommy Callahan said:

The only people that still say trickle down prove they don't understand basic principles like supply vs demand side.

 

Bernie like AOC only receive support in non diverse enclaves. 

 

I have been a registered Dem for years.  Called a realist. 

 

The last time democratic socialist had power it was called Weimar republic.  

 

 

no, we just think demand side is a better more equitable way to run an economy.   

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12 minutes ago, Starr-Bills said:

no, we just think demand side is a better more equitable way to run an economy.   

LMAO.  

Did you mean that.  Equity is you sharing your moms house with homeless,  no matter if your couch surfing the basement or not.

 

Cause the dems are running on Supply side, not demand side.  Huge stimuluses to control and create sectors. picking and choosing.  Almost all for the fortune 500 and PACS that get them in power.

 

Demand side is lower taxes and lower regulation. putting the power of the economy in people's hands.

 

you kinda proved my point.

 

 

Edited by Tommy Callahan
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2 hours ago, Tommy Callahan said:

On that monday, the Dow shed 1,034 points.  

just saying

 

 

 

 

 

1/40th scary. 

 

1 hour ago, Tommy Callahan said:

Aw. the troll farm goes off script 

 

Dunking on anyone not in the investor class.

 

Eff them fixed income, poor, homeless, working and middle class.

 

The party of tolerance and Democracy has proven those were just talking points.

 

 

 

 

Which is why we want to ensure social security, medicare and Medicaid in single pair healthcare (the VA) are both protected and expanded. Why we want laws against price gouging. Why we support unions and livable wages, and increasing the minimum wage and increasing taxes on corporations to pay for these things.

 

this dementia where you switched gears from the stock market is falling. The economy is a disaster to the stock markets not the economy to oh way a shame poor people cause you invested in your 401(k), which was set up because they keep defunding Social Security so it doesn’t pay a living wage and the investor class actually wanted access to everyone’s paycheck so they could ***** off and make how much money they want. 
 

but sure. You’re right.

 

by the way, this just pisses me off still do we all remember in 2005 2006 2007 George W. Bush trying to privatize Social Security right before the housing crash because they needed to stuff more money into the stock market to keep it from crashing these neocon trickle down economics. Do not work for the working people in this idea that I’m happy my 401(k) is going up is elitist. Is complete bull####.

Edited by Starr-Bills
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1 minute ago, Tommy Callahan said:

So don't listen to what's coming out of their mouths?

 

or their spending for the last 3.5

 

 

 

I'm not saying a departure from the dollar isn't going to happen. I'd say it's likely no matter what, though who knows what the timeline is. The insane part is trying to pin the result to a single presidency or administration. This is a concept that's been in the works for decades. I'd be interested to hear why you think that would be such a bad thing.

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3 minutes ago, Gene Frenkle said:

 

I'm not saying a departure from the dollar isn't going to happen. I'd say it's likely no matter what, though who knows what the timeline is. The insane part is trying to pin the result to a single presidency or administration. This is a concept that's been in the works for decades. I'd be interested to hear why you think that would be such a bad thing.

I don't live in a Bric's nation would be the answer to your last part.

 

Last time that was tried "we came, we saw, Ghaddafi died"

 

And the same exact entities are in power now, that were in power then.

 

Have you seen the momentum behind the ever-increasing debt?  

 

Decoupling from being the worlds reserve currency will be very painful for the vast majority, here.

 

 

 

 

 

 

 

 

 

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Just now, Tommy Callahan said:

I don't live in a Bric's nation would be the answer to your last part.

 

Last time that was tried "we came, we saw, Ghaddafi died"

 

And the same exact entities are in power now, that were in power then.

 

Have you seen the momentum behind the ever-increasing debt?  

 

Decoupling from being the worlds reserve currency will be very painful for the vast majority, here.

 

 

 

 

 

 

 

 

 

 

It will be painful for the rest of the world, too, but it's inevitable no matter who wins this particular election.

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53 minutes ago, Gene Frenkle said:

 

It will be painful for the rest of the world, too, but it's inevitable no matter who wins this particular election.

Not so much for the brics nations and their allies.  

 

Or nations that utilize sharia and other forms of banking outside of western norms 

 

 

 

 

 

 

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6 hours ago, Starr-Bills said:

When will this horrible recession end, I can’t stand making all this money in my 401k.

 

For the last effing time, if they printed and tossed $12T into the economy and the stock market DIDN'T go up, we'd have a real situation on our hands...

 

They have endangered our future to secure and maintain their own power, and crowded out all sort of Private Investment (also part of the plan)...

 

But yes, you describe EXACTLY the problem...you and I may already own our things (house, cars, stocks), but 60-70% of Americans do not, and they are in their second Recession in 3 years under this Regime

 

The path to Marxism is alive and well

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16 minutes ago, OrangeBills said:

 

For the last effing time, if they printed and tossed $12T into the economy and the stock market DIDN'T go up, we'd have a real situation on our hands...

 

They have endangered our future to secure and maintain their own power, and crowded out all sort of Private Investment (also part of the plan)...

 

But yes, you describe EXACTLY the problem...you and I may already own our things (house, cars, stocks), but 60-70% of Americans do not, and they are in their second Recession in 3 years under this Regime

 

The path to Marxism is alive and well

Don't think for a minute they're not eyeing all those fat 401K and IRA accounts as a source of funding their socialist objectives and income redistribution schemes. They'll say you're prospering off the suffering of one group or another as justification for confiscation by some tax or assessment.

At that point all our liberal friends with retirement accounts suddenly change their tune.

Edited by All_Pro_Bills
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