The silencing of Warren and an old Senate rule prompted by fistfight

[OriZ 3,157]

1 minute ago, Bill & Katya said:

I agree completely.  Cronyism in any economic system is not good.  The reason we need to look at countries like Venezuela, or Greece, is that they are good examples of socialism mixed with cronyism gone awry.  The hope is that we learn from these mistakes.  It is obvious that this country is in debt due to government spending run amok, with a lot of cronyism in the mix.  This is what needs fixing, but as we saw in Greece, with so many people dependent on the government, this may not come to pass.  I agree with Oriz, I am at a wait and see with Trump, but the realism that the Washington machine is just too big also leaves me with little hope.

He has a better shot at maybe making some of the necessary changes than Hillary "me and Obama saved the economy" Clinton, that's for sure, but unfortunately so far it looks like he, too, is moving away from that direction which I was hoping would not happen.

[Dashinka 23,245]

56 minutes ago, OriZ said:

He has a better shot at maybe making some of the necessary changes than Hillary "me and Obama saved the economy" Clinton, that's for sure, but unfortunately so far it looks like he, too, is moving away from that direction which I was hoping would not happen.

Yes, the biggest thing he is learning is that Washington moves at a snails pace.  This is uncommon for him or someone like him who is used to making decisions and implementing them as soon as possible.  Time will still determine all, he has only been there a month so far, and Washington does seem to be a bit frazzled.

[OriZ 3,157]

6 hours ago, Bill & Katya said:

Yes, the biggest thing he is learning is that Washington moves at a snails pace.  This is uncommon for him or someone like him who is used to making decisions and implementing them as soon as possible.  Time will still determine all, he has only been there a month so far, and Washington does seem to be a bit frazzled.

Well it's not only the fact Washington moves at a snails pace, it's the stuff he himself seems to want to do or think or not do. Take for example his statement during one of the debates(again, when Clinton mentioned the economy) that the only thing still holding up is the stock market bubble(I don't know whether or not he actually believed what he said, but he was right on the money as far as I'm concerned). It's disappointing now to see people like Kellyanne come out and act all proud of the fact an already way overvalued market has become even more overvalued since Trump got elected. It's completely inconsistent. It's as if you own a shop someone tells you(rightfully) that you have too much inventory, but then buys the shop from you, adds even more to the inventory and goes "look at all the inventory I got now".

Edited February 11, 2017 by OriZ

[Dashinka 23,245]

3 hours ago, OriZ said:

Well it's not only the fact Washington moves at a snails pace, it's the stuff he himself seems to want to do or think or not do. Take for example his statement during one of the debates(again, when Clinton mentioned the economy) that the only thing still holding up is the stock market bubble(I don't know whether or not he actually believed what he said, but he was right on the money as far as I'm concerned). It's disappointing now to see people like Kellyanne come out and act all proud of the fact an already way overvalued market has become even more overvalued since Trump got elected. It's completely inconsistent. It's as if you own a shop someone tells you(rightfully) that you have too much inventory, but then buys the shop from you, adds even more to the inventory and goes "look at all the inventory I got now".

I always laugh when presidents (any president) take credit for stock market valuations.  Of course, the market may react to political actions, but in general, the economy will take care of its own.

[The Nature Boy 7,659]

The great economy is all due to Obama. Ask the MDL, they will tell you. 

[Transborderwife 4,666]

1 minute ago, Nature Boy Flair said:

The great economy is all due to Obama. Ask the MDL, they will tell you. 

You mean it wasn't because of all of the fair well Obama, don't come back parties?

[The Nature Boy 7,659]

1 minute ago, Transborderwife said:

You mean it wasn't because of all of the fair well Obama, don't come back parties?

Actually I had a lot to do with it. I am too modest too admit...

[Transborderwife 4,666]

8 minutes ago, Nature Boy Flair said:

Actually I had a lot to do with it. I am too modest too admit...

Here I was about to credit John Cena...

[OriZ 3,157]

1 hour ago, Transborderwife said:

Here I was about to credit John Cena...

John Cena sucks.

[OriZ 3,157]

3 hours ago, Bill & Katya said:

I always laugh when presidents (any president) take credit for stock market valuations.  Of course, the market may react to political actions, but in general, the economy will take care of its own.

Hey, here's a good read by Hussman:

 

https://www.hussmanfunds.com/wmc/wmc170213.htm

 

I like this guy, and he is far from a conservative. One of his mentors is Jimmy Carter and in recent weeks he has been very vocal against Trump. Nevertheless, always an incredibly intelligent analysis.

[The Nature Boy 7,659]

1 hour ago, Transborderwife said:

Here I was about to credit John Cena...

John Cena is way cool 

[Amica Nostra 4,803]

On 2/9/2017 at 7:14 AM, Jacque67 said:

http://www.scoopnest.com/user/funder/824623213892214784

 

2 tax liens on jewelry co in 2015 for $320,010.53

 

also Kellyanne plugging her line. 

 

Trashy grifters!!!!

 

On 2/10/2017 at 6:40 PM, OriZ said:

Yeah, I think cronyism fits the bill, definitely gone awry. Unfortunately, many people(not you) associate cronyism with capitalism instead of realizing that's not at all what true capitalism is supposed to be like. I still laugh at Bush saying this at the height of the crisis:

 

Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system.

 

Basically saying he saved it from itself. Can there be a more ridiculous statement? You either believe in the system or you don't. You can't pick and choose when it suits you and when it doesn't based on circumstances. If it's good enough, it doesn't need to be saved, and if it needs to be saved, it's not good. I do agree we have our own problems and we're digging a bigger hole instead of changing things which is why like I said I'm going to watch what Trump does - I'm not holding out hope, but we'll see. 

 

What would you have done with the 2008 crisis had you sat in the Whitehouse?  Was there even a crises? 

[OriZ 3,157]

13 minutes ago, ccneat said:

 

What would you have done with the 2008 crisis had you sat in the Whitehouse?  Was there even a crises? 

Ohhh lots of better ways to deal with the crisis. For one I would have never allowed the policies that got us there, as well as the policies since then that make another crisis baked in the cake. While the Federal Reserve is considered "independent" they definitely take their cue from the president, not to mention the fact the president appoints the chairperson or the fact they all sat and talked about what to do, so obviously if you have a president that encourages it that's what's going to happen. And no QE, no bailouts, let the market take care of itself. There may have been more pain short term but we wouldn't get to the point where there's pain time and time and time again nor would we be as stagnant. 

 

The recovery anyhow during Obama’s term was focused in financial assets, created bubbles, failed to create high quality jobs for the middle class and failed in creating healthy and sustainable growth. Trump can take the opportunity to erase the legacy of Bush/Obama and reboot an economy in serious need of a reset.

With the first signs of the next crisis which is bound to happen during his term, or even before that, Trump should push the Fed (Trump will be able to appoint the next Fed Chair in February 2018) to allow interest rates to rise to a normal level(according to Greenspan normal level is around 5%) and let all asset bubbles burst, with all the pain it would cause to the financial sector. Rates should never again be taken beneath 2% even during a crisis. At the same time, he must cut taxes where possible especially for the middle class, cut spending and control the budget. That is, Trump should take advantage of the crisis to begin restoring the US route of a free economy. It's akin to ripping off a bandaid vs taking it off slowly. They are taking it off slowly and it's only prolonging the pain for everybody. I'll take more shorter term pain over less but long term pain.

[Póg mo 1,749]

16 hours ago, Nature Boy Flair said:

The great economy is all due to Obama. Ask the MDL, they will tell you. 

Obama was only responsible for failures, don't ya know?

[Póg mo 1,749]

On 2/11/2017 at 7:40 AM, OriZ said:

He has a better shot at maybe making some of the necessary changes than Hillary "me and Obama saved the economy" Clinton, that's for sure, but unfortunately so far it looks like he, too, is moving away from that direction which I was hoping would not happen.

You were pretty deluded, if you thought Trump was/is going to change anything. I for one, am not in the least bit surprised.