Economics Thread

Kurt "Masks Save Lives" Eichenwald
@kurteichenwald
·
8h
It’s amazing some think Trump did well on economy until COVID.

Yes, if you throw $7 trillion in borrowed $ into economy, while Fed pumps

out tons of $ when growth already strong, things boom.

You also feel rich if you spent millions on credit cards.

But it eventually crashes down
 
57Brave said:
Kurt "Masks Save Lives" Eichenwald
@kurteichenwald
·
8h
It’s amazing some think Trump did well on economy until COVID.

Yes, if you throw $7 trillion in borrowed $ into economy, while Fed pumps

out tons of $ when growth already strong, things boom.

You also feel rich if you spent millions on credit cards.

But it eventually crashes down
Click to expand...

And so begins the fiscal responsibility turn. I had no idea you and sturgg agreed so much

Interesting timing mr “masks saves lives”
 
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John Nichols
@NicholsUprising
· 30m

“We need an economic bill of rights. This would guarantee a job

to all people who want to work and are able to work. It would also

guarantee an income for all who are not able to work.”

— Rev. Martin Luther King Jr.
April, 1968
 
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Tapate50 said:
And so begins the fiscal responsibility turn. I had no idea you and sturgg agreed so much

Interesting timing mr “masks saves lives”
Click to expand...

and that is what y'all get from that ?
hmm

all the while, you are both admitting the Trump years were an abject failure ?
after 4 years of trumpeting a booming economy.
Dont hurt your necks
 
57Brave said:
John Nichols
@NicholsUprising
· 30m

“We need an economic bill of rights. This would guarantee a job

to all people who want to work and are able to work. It would also

guarantee an income for all who are not able to work.”
— Rev. Martin Luther King Jr.
April, 1968
Click to expand...

The complaint of job seekers isn't usually that there are no jobs available. Even in tough times there's often work available. It's more that the jobs that are available aren't jobs they want. I'm not saying this is an invalid complaint. Someone who has gone to school for years, been trained to do a complex job, and has two decades of experience is rightfully dismayed if they can only find retail jobs open.

That brings me to my real point, what would the guaranteed job be? A 56 year old, out of shape office worker isn't going to want to go turn a shovel in a state or national park.

I have great sympathy for people who have built careers and through no fault of their own have seen that career evaporate. I'm just not sure what the answer is. I haven't seen a solution out there that makes sense to me.
 
57Brave said:
and that is what y'all get from that ?
hmm

all the while, you are both admitting the Trump years were an abject failure ?
after 4 years of trumpeting a booming economy.
Dont hurt your necks
Click to expand...

Trump not the first to over spend. Won’t be the last.

There were people voting against overspending and I’m fairly sure you mocked them.

It’s just interesting timing on the heel turn

Actually - 2018-2020 were very solid from my local view point.

Contractors were overwhelmed with work, trucking is volume is way up, more small businesses opened locally, plus the ones that adapted the fastest in 2020 came out big winners.

We were able to hire another 3 employees as well.
 
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my point and pretty sure the writers point is those that loudest yell " fiscal responsibility" were/are the same people touting the Trump Economy pre Covid
You did see that but just trying on the thethe hat, right ?
An audition .... right ?
 
Last edited:
striker42 said:
The complaint of job seekers isn't usually that there are no jobs available. Even in tough times there's often work available. It's more that the jobs that are available aren't jobs they want. I'm not saying this is an invalid complaint. Someone who has gone to school for years, been trained to do a complex job, and has two decades of experience is rightfully dismayed if they can only find retail jobs open.

That brings me to my real point, what would the guaranteed job be? A 56 year old, out of shape office worker isn't going to want to go turn a shovel in a state or national park.

I have great sympathy for people who have built careers and through no fault of their own have seen that career evaporate. I'm just not sure what the answer is. I haven't seen a solution out there that makes sense to me.
Click to expand...

you go from having the answer to saying you dont know the answer ...
Again, that is what you get out of what MLK was saying ?

Bet you are probably one of those parents that teaches the virtue of goals
 
I don’t see you snapping up equity in McDonald’s trying to get the CEO salary down, just posting other people’s tweets
 
57Brave said:
my point and pretty sure the writers point is those that loudest yell " fiscal responsibility" were/are the same people touting the Trump Economy pre Covid
You did see that but just trying on the thethe hat, right ?
An audition .... right ?
Click to expand...

Wait- you made a point? I thought you just posted other people’s points
 
Tapate50 said:
And so begins the fiscal responsibility turn. I had no idea you and sturgg agreed so much

Interesting timing mr “masks saves lives”
Click to expand...

Haha thats what I was thinking. I've been saying for years the economy was artificially inflated due to fed actions.

Its gotten so out of control that every new event has to be bigger than the last one and more frequently necessary.

The collapse will be epic
 
so let's recap

I put something up addressing income inequality
you put something up wondering who still eats big macs
then the accompanying big mac joke
you wonder why I don't get equity in McD to lower ceo's $18M salary
then it becomes about tweets

All the while, you haven't addressed the issue of income inequality that was the initial point
or for that matter anything on topic
//////

this is how we get a reality tv guy to handle the nuclear codes, guide 300M people through a pandemic and then attempt to quell an election

//
 
57Brave said:
so let's recap

I put something up addressing income inequality
you put something up wondering who still eats big macs
then the accompanying big mac joke
you wonder why I don't get equity in McD to lower ceo's $18M salary
then it becomes about tweets

All the while, you haven't addressed the issue of income inequality that was the initial point
or for that matter anything on topic
//////

this is how we get a reality tv guy to handle the nuclear codes, guide 300M people through a pandemic and then attempt to quell an election

//
Click to expand...

The income inequality can thank the fed as your other tweet properly suggested.

Just because you don't understand how artificially low interest rates and money printing benefits the top, doesn't mean its not happening.

Easier to blame a CEO i guess
 
sturg33 said:
The income inequality can thank the fed as your other tweet properly suggested.

Just because you don't understand how artificially low interest rates and money printing benefits the top, doesn't mean its not happening.

Easier to blame a CEO i guess
Click to expand...

no
 
I’m concerned with income inequality and the current environment for those working 40+ hours a week that still fall below the poverty line, but I remain skeptical of the minimum wage meaningfully impacting these issues. While I think the prices will remain fairly stable in highly competitive industries such as fast food, the price for things like rent, cable, insurance, etc. will rise dramatically as they know the money is there and the customer base has no choice but to pay. To me, a $15 minimum wage is simply a stepping stone to a debate around needing a living wage of $20 an hour.
 
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