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Show me the money


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2018 Mar 22, 11:03am   4,191 views  22 comments

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There was a lot of hype and pumping the stock market in 2017, not so much in 2018, ever since January into February saw an over 10% drop in the market, which has yet to resume the upward slope of the previous ten years.

The tax cuts are in. Republicans hold the House, Senate and Executive. They’re about to sign a MASSIVE spending bill that will drive the debt ever higher.

Consumer spending accounts for more than two-thirds of the US economy, so it was with some trepidation that investors received the news of a third straight monthly decline in retail sales.

Sales fell 0.1% in February, while forecasters, emboldened by the recently passed tax law, had expected consumer optimism to fuel a 0.3% rise. It is the longest string of declines in retail sales since 2015.


https://www.aol.com/article/finance/2018/03/22/a-key-engine-of-the-economy-is-flashing-a-warning-sign/23392688/

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1   anonymous   2018 Mar 22, 11:05am  

I’d love to see the Republicans do something about it, other than lay on their backs while whining constantly about Democrats. Christ, do anything for once other than bullshit and blame Hillary.
2   anonymous   2018 Mar 22, 11:12am  

And what the fuck happened to the nonstop whining about Obamacare and how Trump was going to Repeal and Replace. The same thing EVERY LAST REPUBLICAN IN CONGRESS THAT YOU SUPPORT, CAMPAIGNED ON!

I was listening to Fox News this morning to see what they were on today, and they were blaming the Republicans Spending Bill that the Republicans are about to pass, on being bad and it was the Democrats fault. How do people buy such tripe? What planet is this where Republicans hold every position of power, and yet cannot carry through on any of the same tired old bullshit that they’ve been going on about since I was old enough to hear them sell it.

I get it. Democrats suck. The Liberals ruined everything. But at some point don’t we then need to be forward looking and do something about it? Anything?

Pretty much the only thing they’ve done is pass massive permanent tax cuts for the super wealthy.

Thanks a lot, Republicans (voters/defenders)
3   MisdemeanorRebel   2018 Mar 22, 11:13am  

Well, if Obama hadn't let Zuckfuck datamine everybody, the market wouldn't be spooked.

We all knew Tech was insanely overvalued, it was only a matter of time.

Also, the COCSuckers, who drive up budget deficits by increasing the trade deficit (since offshored Manufacturing pays no property or income taxes and not even a tariff if COCSuckers can help it).

So yeah, the Commercial Sector may try to do to Trump what it did to Jackson when he killed the Nasty National Bank (where banks actually got paid from this East India Tea Company like Monopoly), but it'll come around.
4   anonymous   2018 Mar 22, 11:23am  

TwoScoopsPlissken says
Well, if Obama hadn't let Zuckfuck datamine everybody, the market wouldn't be spooked.

We all knew Tech was insanely overvalued, it was only a matter of time.

Also, the COCSuckers, who drive up budget deficits by increasing the trade deficit (since offshored Manufacturing pays no property or income taxes and not even a tariff if COCSuckers can help it).

So yeah, the Commercial Sector may try to do to Trump what it did to Jackson, but it'll come around.


Obama let Facebook data mine us, and NOW the markets are spooked?
5   MisdemeanorRebel   2018 Mar 22, 12:16pm  

Okay, what's the Democratic Plan to create good paying, American Dream jobs for the Lower Classes, knowing that a nation of 350M people can't all be Financial Algo Creators?

Free Bachelor Degrees in Gender Studies?
7   anonymous   2018 Mar 24, 7:48am  

TwoScoopsPlissken says
Okay, what's the Democratic Plan to create good paying, American Dream jobs for the Lower Classes, knowing that a nation of 350M people can't all be Financial Algo Creators?

Free Bachelor Degrees in Gender Studies?


What’s the Republicans plan, being that they are in charge of every level of government?

Thoughts and Prayers, then blame Democrats?
8   Bd6r   2018 Mar 24, 7:55am  

errc says
What’s the Republicans plan, being that they are in charge of every level of government?

Thoughts and Prayers, then blame Democrats?


R: as errc says above, + BOMB IRAN/IRAQ/WHATEVER
D: FREE! gender studies for everyone, Fucking White Males should be BANNED, then blame Republicans

seems like a win-win to vote R or D
9   mell   2018 Mar 24, 8:22am  

That spending bill was horrid and the worst thing Trump signed so far. Looks almost like a Dem spending bill, lefties shouldn't be complaining it's right up their alley.
10   mell   2018 Mar 24, 8:34am  

Tim Aurora says
mell says
That spending bill was horrid and the worst thing Trump signed so far. Looks almost like a Dem spending bill,


Additional military spending which in the end will bankrupt USA is not a Dem spending bill. You have the Republican house and Senate and a Republican president and you complain about Democrats.

Another US president after Bush Jr who will leave the presidency in dire straits .


Military spending is not the problem and can be scaled down on a whim with a little left and right neocon good-will. Problem is leftist social, immigration and welfare spending which can't be dialed back easily. The Dems got most of their spending through in this bill with the help of neocon cucks like bitch mc Connell.
12   Bd6r   2018 Mar 24, 8:50am  

mell says
Military spending is not the problem and can be scaled down on a whim with a little left and right neocon good-will.

It will not be scaled down, at least gov track record shows it will not be scaled down.
According to this:


problems are: Medicare and Health, Social Security, and military, in that order, but not that much different $-wise. Note that "veterans affairs" is also not under military, while money spent on veterans is a direct consequence of military spending.
13   Y   2018 Mar 25, 8:49am  

Better to be bankrupt and free, then rich and conquered...

Tim Aurora says
Additional military spending which in the end will bankrupt USA is not a Dem spending bill
14   bob2356   2018 Mar 25, 9:20am  

Feux Follets says
Some additional downturn is just around the corner, much like Spring. Same for headwinds, likely to pick up in intensity.


Why is that? I don't see any big headwinds domestically or abroad. Unless we go to war with Iran and NK. Even then the first part of the war will be pretty euphoric. Kicking furrinn peoples butts always plays well to the conservative base, at least at first. There is a ton of money that is going to be sloshing into the economy from the tax cut the next 12-18 months. I strongly suspect that was the whole point of the tax cut, to pump up the economy going into 2020.
15   MisdemeanorRebel   2018 Mar 25, 3:23pm  

Feux Follets says
"Look, the stock market is way up. When I came into office, the stock market was from a different planet. It's way up. China is going to end up treating us fairly. For many years, they had free reign; they don't have free reign anymore."

The stock market is one of three metrics MarketWatch uses for the Trump Scoreboard. The S&P 500total return index has risen by about 20% since he took office in January 2017.


Yep, the stock market is way up since Trump took office. There's a correction, so what? You ever seen the market go up so fast without a breather or a give-back?

There's silence from the Left on this board when the stock market is up, except for a few digs that the Stock Market ain't the economy.

When the stock market has a correction after a YUGE run-up, all of a sudden that same Left is acting like the Stock Market is the economy.

I'll ask again for the first time in a few weeks: What is the Democratic Platform that offers explicit solutions to restoring jobs that enable the American Dream?
16   MisdemeanorRebel   2018 Mar 25, 3:27pm  

errc says
What’s the Republicans plan, being that they are in charge of every level of government?


Why should people vote in those who celebrate Pink Haired Vagina Poem Worshippers instead?

What is their platform?
17   HappyGilmore   2018 Mar 25, 3:30pm  

TwoScoopsPlissken says
I'll ask again for the first time in a few weeks: What is the Democratic Platform that offers explicit solutions to restoring jobs that enable the American Dream?


No, you asked it in another thread about a week ago and I promptly posted a link to it for you.

Which you ignored, as usual.

As you also ignored my request for you to back up most of your statements. Like when the DNC referenced White Terror. Crickets.
18   anonymous   2018 Mar 25, 3:33pm  

TwoScoopsPlissken says
errc says
What’s the Republicans plan, being that they are in charge of every level of government?


Why should people vote in those who celebrate Pink Haired Vagina Poem Worshippers instead?

What is their platform?


I’m not sure I’ll defer to the experts in PHVPW’s

I’m more curious about the Republicans plans, being that they have Absolute control over the entire government.

Trump sells a lot of bullshit and he says a lot of crazy stuff. However actions matter much more than words, so I can only really judge by actions. The Republicans don’t seem to have much of a plan outside of blaming Liberals. Which is odd being that America is a Liberal Nation, founded by Liberals
19   MisdemeanorRebel   2018 Mar 25, 3:35pm  

errc says
I’m more curious about the Republicans plans, being that they have Absolute control over the entire government.


Well, I need a reason to vote Democrat, not just against Republicans. How do Democrats plan to restore the American Dream? If the American Dream is endangered, can they explain how mass immigration of unskilled workers from the third world is going to help bring good paying jobs for the bottom half of the population, for affordable housing, crowded schools, etc.?

errc says
Trump sells a lot of bullshit and he says a lot of crazy stuff. However actions matter much more than words, so I can only really judge by actions. The Republicans don’t seem to have much of a plan outside of blaming Liberals. Which is odd being that America is a Liberal Nation, founded by Liberals


The Democratic party is no longer Liberal. It is openly anti-2nd Amendment and anti-1st Amendment, particularly the Academics and Democratic Youth.
20   HappyGilmore   2018 Mar 25, 3:42pm  

TwoScoopsPlissken says
How do Democrats plan to restore the American Dream?


Are you going to ignore it again? Here's the platform:

https://www.democrats.org/party-platform

Its not that hard to find. Just google democratic platform and it's the first result.

There's a whole section on creating good jobs. Here's an excerpt:

Fostering a Manufacturing Renaissance
Democrats believe one of the best ways to innovate, prosper, and create good-paying jobs is to make more in America, which is why we firmly support American manufacturing with a “Make it in America” plan. We must revitalize hard-hit manufacturing communities; create thriving hubs of manufacturing and innovation throughout the country; and claw back tax breaks for companies that ship jobs overseas, using the proceeds to reinvest in communities and workers at home instead. Democrats are proud of rescuing the auto industry from collapse, which saved more than a million jobs, and led the auto industry, which is at the heart of American manufacturing, to record sales. Democrats will defend the Export-Import Bank, which supports good-paying jobs across the country and allows American workers and manufacturers to compete on a level playing field. Donald Trump may talk tough, but he has consistently outsourced his own products. American workers deserve better.
21   HappyGilmore   2018 Mar 25, 3:44pm  

More:

Promoting Competition by Stopping Corporate Concentration
Large corporations have concentrated their control over markets to a greater degree than Americans have seen in decades—further evidence that the deck is stacked for those at the top. Democrats will take steps to stop corporate concentration in any industry where it is unfairly limiting competition. We will make competition policy and antitrust stronger and more responsive to our economy today, enhance the antitrust enforcement arms of the Department of Justice (DOJ) and the Federal Trade Commission (FTC), and encourage other agencies to police anti-competitive practices in their areas of jurisdiction.
We support the historic purpose of the antitrust laws to protect competition and prevent excessively consolidated economic and political power, which can be corrosive to a healthy democracy. We support reinvigorating DOJ and FTC enforcement of antitrust laws to prevent abusive behavior by dominant companies, and protecting the public interest against abusive, discriminatory, and unfair methods of commerce. We support President Obama’s recent Executive Order, directing all agencies to identify specific actions they can take in their areas of jurisdiction to detect anticompetitive practices—such as tying arrangements, price fixing, and exclusionary conduct—and to refer practices that appear to violate federal antitrust law to the DOJ and FTC.

Promoting Trade That is Fair and Benefits American Workers
Democrats acknowledge that for millions of Americans, global trade has failed to live up to its promise—with too many countries breaking the rules and too many corporations outsourcing jobs at the expense of American workers and communities.

Over the past three decades, America has signed too many trade deals that have not lived up to the hype. Trade deals often boosted the profits of large corporations, while at the same time failing to protect workers’ rights, labor standards, the environment, and public health. We need to end the race to the bottom and develop trade policies that support jobs in America. That is why Democrats believe we should review agreements negotiated years ago to update them to reflect these principles. Any future trade agreements must make sure our trading partners cannot undercut American workers by taking shortcuts on labor policy or the environment. They must not undermine democratic decision-making through special privileges and private courts for corporations, and trade negotiations must be transparent and inclusive.
Democrats’ priority is to significantly strengthen enforcement of existing trade rules and the tools we have, including by holding countries accountable on currency manipulation and significantly expanding enforcement resources. China and other countries are using unfair trade practices to tilt the playing field against American workers and businesses. When they dump cheap products into our markets, subsidize state-owned enterprises, devalue currencies, and discriminate against American companies, our middle class pays the price. That has to stop. Democrats will use all our trade enforcement tools to hold China and other trading partners accountable—because no country should be able to manipulate their currencies to gain a competitive advantage.

While we believe that openness to the world economy is an important source of American leadership and dynamism, we will oppose trade agreements that do not support good American jobs, raise wages, and improve our national security. We believe any new trade agreements must include strong and enforceable labor and environmental standards in their core text with streamlined and effective enforcement mechanisms. Trade agreements should crack down on the unfair and illegal subsidies other countries grant their businesses at the expense of ours. It should promote innovation of and access to lifesaving medicines. And it should protect a free and open internet. We should never enter into a trade agreement that prevents our government, or other governments, from putting in place rules that protect the environment, food safety, or the health of American citizens or others around the world.
22   anonymous   2018 Mar 25, 3:49pm  

TwoScoopsPlissken says
errc says
I’m more curious about the Republicans plans, being that they have Absolute control over the entire government.


Well, I need a reason to vote Democrat, not just against Republicans. How do Democrats plan to restore the American Dream? If the American Dream is endangered, can they explain how mass immigration of unskilled workers from the third world is going to help bring good paying jobs for the bottom half of the population, for affordable housing, crowded schools, etc.?

errc says
Trump sells a lot of bullshit and he says a lot of crazy stuff. However actions matter much more than words, so I can only really judge by actions. The Republicans don’t seem to have much of a plan outside of blaming Liberals. Which is odd being that America is a Liberal Nation, founded by Liberals



You seem to be implying that if the Democrats don’t have a good platform then the default is simply to vote for any Republican, regardless of their platform. Is that correct?

Personally, I don’t care about voting for anyone at the moment, we have a government that hasbeen voted in, I’m more focused on what they’re doing.

I can’t answer for, nor defend Democrats. I switched from NpA to Dem for the first time in my life to vote for Bernie in the primaries a few years ago. You’ve never seen me defend nor shill for the Dems, on the contrary, I was critical of Obama being elected, most everything he did, and was certain to vote against Hillary from the start.

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