patrick.net

rando says

You think our economy will be like Japan's?

No, just our debt/GDP : )

Doesn't sound so bad.

It's only bad if you want to earn more than some fraction of a percent on your bank deposits / CDs.

I've been to Japan and the place seemed to be doing pretty well. And we don't quite have their demographic problem.

This is because they don't have a demographic "problem", more of a blessing.

Japan's going to have more jobs than people at some point.

The downside is a lot of scaleback in domestic-facing industries (e.g. education) as the population shrinks, but the major cities are still doing OK, they're sucking young people from the rural economic wastelands.

@bellingham bill

What is that little blip in 2011?

Quigley says

Even Jimmy Carter was limited to three years of ineffective government.

wat? Carter enjoyed healthy Democratic majorities during his 4 years. Granted, many of these Democrats were conservative southerners [like Carter I might add], but they could get something done here and there.

And while you've been programmed to believe the economy was shit during those 4 years, the fact is we gained 10 million fucking jobs then

This was inflationary (especially for housing as the front half of the baby boomers were hitting their 20s and 30s in the late 70s), and what killed the Carter economy was Volcker raising rates to the moon.

blue is a zoom-in of the previous graph to 1979-80, and red is the Fed Funds rate - annual CPI (anything positive is the Fed putting the brakes on the economy)

Note the late 1970s boom peaked corresponded to when Volcker really tightened credit, right into the 1980 election season.

Well Trump doesn't have a supermajority of Republicans and many of them will be opposed to his legislation anyway on elitist grounds!
Now watch as he proceeds to pass much meaningful legislation without needing the crutch of a fully subservient congress.

The Dems are the least of Trump's problems.

Trump will be sabotaged at every stage, and you few on very quickly at his very first stumble, by the John McCains, Lindsey Grahams of the world, and more importantly, the military-banking-industrial-Pharma complex.

Trump will be sabotaged like no other President in history prior, by MANY powerful forces.

We're entering a true period of orchestrated, intentional chaos, domestically and internationally.

2008 will seem like the good old days by contrast.

freespeechforever says

Trump will be sabotaged at every stage, and you few on very quickly at his very first stumble, by the John McCains, Lindsey Grahams of the world, and more importantly, the military-banking-industrial-Pharma complex.

You bet. But it will be interesting to see how he handles them. If he can troll the shit out of them like he did the media, it'll be something to see.