If we are in a recesssion in 2020, we will get a Progressive as president, guaranteed.

1929, back in those winsome days when the US had no central bank, no progressive income tax, and no antitrust laws... yes, it was a veritable free-for-all at the time. Absolutely no government involvement in the economy whatsoever!

Those evil people who start successful businesses must be stopped, right comrade?

"Rules and regulations"

Wow! What an innovative and modern approach to government. Nobody has ever tried imposing rules and regulations on society before.

 

Trying to educate partisan Democrats about basic economics is an act of futility, though you may help to edify others in the process.

 

Recessions are part of the natural economic cycle. They cannot be prevented. Regulatory attempts to prevent recessions will only create distortions that generally serve to worsen or prolong recessions.

The American economy was plenty "stable" before the federal reserve came into existence.

That is complete nonsense. The worst recessions in US history (1929 and 2008) happened after the fed was created. Indeed, it was the central bank's mismanagement of the money supply that caused both recessions.

Lack of regulations... laughable.

The US financial sector has been massively and heavily regulated since the creation of the federal reserve system in 1913. The US monetary system is essentially a centrally planned government monopoly. Blaming markets for the failures of government is an old but effective trick.

 

Stop the truth bombs, stop it!

 

Statist economic theories are based on fake history and boatloads of sophistry. And the snooty regulatory fetishists who subscribe to those theories like to position themselves as the "modern" economic school even though central banking and FIAT money are ancient institutions first practiced by Asian warlords. Taxes, bureaucracy, centralized economic management, there is nothing modern or enlightened about any of those practices or institutions. In fact, a heavy reliance on taxation and bureaucracy is a form of regression, not progress.

 

You do not know history. When is that last time you heard of a panic or a run on a bank?

 

No wonder your economic sensibilities are as they are. You know the Libertarian Party was founded on economic conspiracy theories. Are you aware that the opposite of a statist is a corporatist? Are you a corporatist?

 

Which has something to do, I'm sure, with the fact that Democratically controlled states economically outperform Republican dominated states.

The states with the most Democratic control, with the most stringent environmental regulations, with the highest minimum wages, with the greatest worker protections, with the lowest rate of religious belief, with the highest rate of education, are all much better, economically and freedom wise than any red state.

The fact that conservatives and especially the libertarian variety are so **** sure of the righteousness of their ideology, when empirical evidence is so contrary, is central to my looking down upon those who adhere to such a nonsensical ideology.

 

The average American doesn't give a shyt what you think about liberals. All they know is if the economy tanks, and their pockets and bank account is light, they will look to the man "in charge" to blame, and that is Trump.

 

L-O-L.....ahem....if righties cheered as the economy is on the rise and give all credit to Trump, the same righties won't blame Trump if the economy head south?

What do you think????

 

Lol...Yeah, and then came October 29.
Your ignorance of history is noted.

 

Americans know socialism is not the answer. Even the casual observer has seen Cuba and Venezuela are clusters because of too much government.

Government sucks.

 

It’s not one or the other. It’s a combination of the two. There’s a fine line you have to balance to allow the free market to operate as well as ensure your citizens prosper. Neither system works alone.

The sooner America stop using capitalism and socialism as curse words and political sound bites the better we can make America.

 

I think many right wingers are making a mistake cheering this so called 'booming economy', because in reality it is an artificial boom, not a real one.

 

We would never be a full tilt Socialist state, but do note we do have some minor socialist tendencies.

 

Right. Americans are being paid with Monopoly money.

 

Trump will never learn to keep his mouth shut (not that it matters to his Trumpets). Trump just can't stop bragging about an economy he inherited (like most of his things). The economy has been on a tear for ten years, the public has come to expect it, to take it for granted, to accept it as normal. All Trump's blather about it is so much noise because it's a given.

Enter year end 2019 and 2020. Any economist worth a paycheck knows the signs -- this economy is suffering jet lag. This economy is slowing down and a recession is a near possibility. That's the cycle. It has been for as long as there's been a republic. For these reasons, the economy will be a non-starter as a campaign issue, unless things get really bad. Sorry Trump.

Until we get this Mueller thing sorted out, we won't know what the gripping issues will be in 2020. We won't even know if Trump will still be around. If the poop hits the paddles the way I predict it will once Mueller testifies in public, the economy will be the last thing voters will be thinking about. Unless things get really bad.

In short, Trumpets, the economy has topped out. When something tops out (like this economy) the only was to go is down. When it starts going down, Trump will first yell "Fake News!" and when that doesn't work, he'll start looking for scapegoats. Anybody deny that's his pattern? Didn't think so.

 

Was this a counterpoint, or are you actually agreeing with me, lol.

 

We were told this was an "artificial" expansion. So we must be receiving artificial compensation.

 

You mean democrats litigating. Part and parcel of their destructive ways.

In the aftermath of the Dem debate last night, worth asking yourself-

What would the libs do differently if they were *trying* to destroy America?

 

The reason it's artificial is due to the Fed keeping interest rates low. Corporate debt levels are also skyrocketing. The price of money is so important to the health of the real economy.

 

I think you are wrong, during hard times people become even more conservative and less likely to want to share their "country" with illegal migrants

 

IDK, I think it's because Trump is in office and he is such a polarizing figure, that eventually the country will turn against him, if we were to have a recession.

 

You should go back to ww1, where Germany was financially squeezed into bankruptcy to pay reparations for ww1... it resulted in the rise of Hitler. Call it a paradox if you want, the more wealth the more progressive, the less wealth the more conservative

 

It's not just the expansion that's phony. It's the entire economy. It's a house of cards that will collapse if interest rates ever come close to where they were around 1980 (prime rate over 20%).

We're borrowing too much money.