[re your post *487: I'm not sure why you didn't see my quote from JamesM's post #463, (heading my post #484 above), showing James' characteristic style:- "100% absurd!! a hammer or farm plow replaces millions of workers!! Does the liberal want to make new tools illegal." He was responding to someone who pointed to the necessity of managing increasing automation in a manner that does not pauperise workers displaced by automation]. As to your post #488 quoted above, I agree with all of it, with the reservation that WTO rules contain no mechanism to deal with the loss of jobs in countries that lose industries as part of the process of international trade. (Keynes" clearing union" concept was possibly an example of the type of mechanism required). I'm not happy with the current unmanaged neoliberal free trade orthodoxy.......and both the US "tea party" and Trump are angry about the loss of industrial jobs to other nations (and their anger is justified as far as it goes), but as you say, "Dork" has neither the correct nor the constructive solutions. But I note your antagonist 'Squidward' won't admit that neoliberal trickle-down economics was started by Repub Reagan; typically in tea-party style, he prefers to dwell on the fact that Obama persisted (more or less) with the same failed economic orthodoxy, and hence Squidward is able to accuse the Left for America's present ills. Of course the US and global economy would have been destroyed unless Obama intervened - but the intervention seemed to benefit the banksters who caused the GFC, more than the people who were forced out of their homes or suffered loss of retirement savings etc.
far far far better than a 16 year long Great Depression and World War Plus, savings came back as markets came back. Do you understand?
an intelligent person would be afraid of another Great Depression and World War. Surely you understand now?
An intelligent person would not lick the ass of incompetent bankers who just **** all over him and got rewarded with trillion$
very true, contagion would have been far worse and far harder to disentangle this time thanks to hugely increased size complexity breath and interactions within financial arena
to avoid a rerun of Great Depression and World War he would for sure! Still not over the lunatic fantasy of a capitalist cleansing depression and world war I see?
FLIMFLAM Trump's only concern is Trump. He could not give-a-damn about industrial jobs that have gone down the pug-hole because of product-line automation by robots. That started a long, long time ago when (for instance) in the 1980s Detroit automated the painting of car bodies. We should have seen the hand-writing on the wall. But we didn't. And so, here we are, Americans crying in their soup because "jobs are going to China". What, ever, were we thinking? That we would be Masters of the Universe just because we are the United States? Nice thought, but just not good enough. What is happening to the US has occurred in the past to other countries that thought themselves "superior" in nature. We elected a narcissistic twit who promised to "build manufacturing jobs" when smarter countries were adopting robotics in manufacturing applications as fast as they could. (And retraining laid-off personnel with other skills that were more in demand.) And now we should believe that he's going to bring glory back to America by raising import-duties on steel? Foreign countries’ current trade practices with the United States are a threat to national security? This is the only reason, under WTO agreements, that would allow a country to unilaterally change import duties. But where are the studies underpinning such a unilateral decision? Are the steel and aluminum industries in America on the rocks? And the US is at war defending itself? Against who? And recent studies into the matter do not in the least substantiate Donald Dorks claims, as shown in this recent report from the Brookings Institute here: Once again Donald Dork is shooting from the hip. He's trying to fulfill a campaign promise that did not make sense even during his campaign. Both America's metals industries are doing just fine (even exporting their product). All Donald Dork is doing is trying to fulfill a campaign-promise that (at the time) made no real sense. By protecting them from foreign imports, companies will fail to make the necessary improvements allowing them to be more competitive. The guy is all flimflam ...
A result of "James M" being on the ignore list and you not. Solution would be to indicate the post being displayed is lacking some content as a result of the link being responded to in the post belongs to someone on your ignore list, and provide an option to allow the ignored content to be viewed.
Then I guess, no, obama didn't do trickle down economics. That is a Reagan policy. I said that already.
Did it trickle down? Or is the premise of trickle down, the rich get it and it never trickles down? Was Reagan wrong?
Under Obama the wall st banks were flat out given $1.3T per year for 4 years. That's $5.2T in 4 years. You can call it whatever you want. He was wall street's whore
Ah...thanks. (I personally don't have James - or anyone - on an ignore list; I would rather just not reply if the particular debate has run its course for me...). That's why I find twitter to be useless; people with legitimate opposing views are blocked from replying, and you end up with an echo chamber of like-minded individuals...
'NUFF SAID? (YET AGAIN) Yes, by drastically cutting taxes, Reagan was employing Trickle Down economics. What is meant by Trickle-down Economics? So, a definition is necessary - and here it is: Frankly, the last sentence above in italics is wholly incorrect. Yes, investors/savers/company owners are very much involved in economic activity. But, let's get this very clear: THEY ARE SUBSERVIENT TO THE CONSUMER DEMAND TO PURCHASE GOODS/SERVICES THAT REMAINS CENTRAL TO ANY MARKET-ECONOMY! That phrase capitalized above is the cornerstone of all modern economic theory. What's more is that the American people are stoopidly allowing its opposite to continue to happen. We have reversed history - from a British monarchy we've come back to a wholly American economic monarchy in the hands of a select-tribe of individuals. And how did that happen? By means of our wholesale reduction of upper-income Income Taxation from around 90% to below 30%. (First by JFK and secondly by Reckless Ronnie.) We piss and moan about how the "elites" are richer than Croesus - but we keep voting them into power. This last election where Hillary lost is a prime-example. Just because she was a woman! (Hey! Which backward century are you from?) MY POINT: We fought a revolutionary war to free the land from monarchic rule and place it in private hands. Here's why: *Because too few were getting too much distributed by a British monarch with a bent for amassing riches. (Look into how Pennsylvania (literally Penn's Woods) came to be.) *And here we are more than two centuries later in JUST THE SAME PREDICAMENT but with a Civil Monarchy that does exactly the same because that's today's taxation-law! Anybody who cannot see that from this economic-research infographic is either blind or stoopid or both: Or here: 'Nuff said? Probably not around here ...
Note that the person (to whom you addressed the above) exists because we "take their bait". There is an Ignore key regarding dislikable posters. I suggest you punch it by just clicking on his/her moniker to the left of their post. Pests tend to leave a forum when they are ignored ... but, indeed, some of the right-wingers around here last forever. And there are damn few from the left-wing - which is not yet "favored" in the US. Which is why, also, I live in France - and most of the Yanks I meet here are quite content to live in a "so-called socialist-country". (Where the Socialist Party was just heavily defeated in the last elections...) The benefits of a National Healthcare Coverage and nearly-free Post-secondary Education are indisputably key public offerings in not only France but all of the EU. Because they are conditions for entry. Also, the EU is a total population more than twice that of the US. We Yanks may have been the first to revolt against a long-established royal hierarchy, but the Europeans have gone much further in terms of establishing a Social Democracy to replace it ...
