The 2020 USA POTUS election politics, the civil war, and the world war (Part 2)

Dude, the whole thing is about farm aid for black people. No one would have a problem if it was for the less well off. You are making shit up just so you can get up on your soap box and denounce it. It’s just…sad. And you’re so full of yourself you refuse to even try to understand.

Lying? Where does that aid say anything about need? It’s entirely race based. You are the one lying, to claim to know the economics of the recipients when the economics are not part of the equation.

Why do poor black farmers deserve help while poor white farmers get nothing? Because that is indisputably racist, as opposed to wanting all poor farmers to qualify.

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Yes, because borrowing way more than our tax collections means our debt/ GDP is growing rapidly. I know the Democrats will not curtail this at all, and plan on spending trillions more on everything they can imagine. Even if the Republicans win at some point, they haven’t been fiscally responsible/ conservatives for a decade or two and I’m worried they’ve forgotten how. Democracy is about voting the majority more free stuff these days and eventually that ends in one of two ways - government default in massive debt, or high inflation so the big nominal debts can be repaid with increasingly worthless paper.

I suppose they might “fix” it by enacting punitive taxes on the middle class, but that’s going to hurt the young people’s prospects too since it will be hard to accumulate wealth when the tax regime is busy taking half your money to repay the prior generation’s excess.

Including the USD as the world reserve currency, or as a viable currency at all?

Here’s a longer follow up since that author clearly struck a nerve and received positive coverage by Trump, Tucker, etc, for expressing the frustrations of the right leaning half of Americans. Excerpts below.

https://outsidevoices.substack.com/p/author-of-the-mega-viral-thread-on

Many Trump supporters don’t know for certain whether ballots were faked in November 2020, but they know with apodictic certainty that the press, the FBI, and even the courts would lie to them if they were. They have every reason to believe that, and it’s probably true. They watched the corporate press behave like animals for four years. Tens of millions of people will always see Brett Kavanaugh as a gang rapist, based on an unproven accusation, because of CNN. And CNN seems proud of that. They helped lead a lynch mob against a high school kid. They cheered on the most deadly and destructive riots in decades.

Conservatives have always complained that the media had a liberal bias. Fine, whatever: they still thought the press would admit the truth if they were cornered. They don’t believe that anymore. What they’ve witnessed in recent years has shown them that the corporate press will say anything, do anything, to achieve a political objective, or simply to ruin someone they perceive as an opponent.

if The New York Times had Donald Trump Jr.’s laptop, full of pictures of him smoking crack and engaging in group sex, lots of lurid family drama, and emails with pretty direct discussions of political corruption, the Paper of Record would not have had its accounts suspended for reporting on it. Let’s remember that stories of Trump being pissed on by Russian prostitutes and blackmailed by Putin were promoted as fact across the media spectrum and used as the basis for a multi-year criminal investigation, when the only evidence was a document paid for by his opposition and disavowed by its primary source.

From the perspective of Trump’s supporters, the entrenched bureaucracy and security state subverted their populist president from day one. The natural guardrails of the Fourth Estate were removed because the press was part of the operation. Election rules were changed in an unconstitutional manner that could only be challenged after the deed was done, when judges and officials would be playing chicken with a direct threat of burning cities. Political violence was legitimized and encouraged. Major newspapers and sitting presidents were banned from social media, while the opposition enjoyed free rein to promote stories that were discredited once it was too late to matter. Conservatives put these things together and concluded that, whatever happened on November 3, 2020, it was not a free and fair democratic election

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I cannot believe how ignorant this is. And unbelievably racist, to claim “black” and “poor” are synonyms. You are only one taking the position that you keep criticizing. Quit projecting, and start looking inward - it’s the only way to begin the healing.

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Sure, just like Biden said “poor kids are just as bright and just as talented as white kids”. We know what he meant.

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Difficult to say. Might be that horse has already left the barn:

From CNBC:

Inflation climbs higher than expected in June as price index rises 5.4%

Link to CNBC inflation story dated 13 July 2021

Not really expectin’ confirmation of my earlier assertion this quickly. Deny having had advance notice when I posted yesterday. :slightly_smiling_face:

Bidenomics is not new where inflation is concerned. Democrat icon Jimmy Carter did it years ago. I well recall the horror show.

ETA

Also nota bene from that same article:

Stripping out volatile food and energy prices, the core CPI rose 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%.

Thanks to the geniuses who voted for Biden. You richly deserve the economic hardships awaiting you . . . . but your kids and grandkids do not.

Half of that 5.4% is because of just two things – used cars and gasoline. Pretty sure used car prices aren’t going up anymore.

Deny all you want, the May CPI increase was 5% and that’s all anybody has been talking about.

You’re assigning credit / blame to where little is due. Election had nothing to do with used car prices, gasoline prices, airfare prices, supply chain problems that are causing other prices to rise, etc.

That is because the even worse June numbers were just released.

I’m betting you are one of those genius Biden voters . . . . . if you voted at all. Just deserts.

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Why don’t you stick to the subject matter and the points I made instead of slinging mud?

I’m not talking about what you are or are not.

Election had everything to do with American deterioration ever since you elected a cellar-dwelling fool as leader of the free world.

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You made no valid points whatsoever in my view. You spew Democrat party socialist drivel.

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OK so you are saying that the following things I stated are Democrat party socialist drivel:

  • Half of that 5.4% is because of just two things – used cars and gasoline. Pretty sure used car prices aren’t going up anymore.
  • the May CPI increase was 5% and that’s all anybody has been talking about.
  • Election had nothing to do with used car prices, gasoline prices, airfare prices, supply chain problems that are causing other prices to rise, etc.

Seriously?

From the Bogleheads on left-wing academics and the Fed’s attitude towards inflation:

I’m much more concerned that the Federal Reserve is increasingly acting and talking like inflation isn’t a priority. Earlier this year, the Federal Reserve was denying inflation was a problem and refused to move their forecast numbers—which we’ve blown past. Then they claimed it would be transitory and end quickly (again—while I do agree with the transistors point, they were way too optimistic about the inflation ending by late summer). Now I occasionally hear Powell speaking about how higher inflation is beneficial. And of course, the Federal Reserve has “clarified” that it’s 2% inflation target is not a ceiling, but a long term average. These signals (ie denial, downplay, desirable) strike me as a Federal Reserve that is shifting its attitude towards inflation and may signal higher inflation in the future. People oftentimes forget that there is a real shift occurring in economics PhD programs—there are far more modern monetary theorists or people who focus in inequalities than there used to be and the people who lived through the 1970s are aging out of the profession. This might be creating a focus shift in priorities that is gradually manifesting even at the Federal Reserve.

https://www.bogleheads.org/forum/viewtopic.php?f=10&t=353452

Edit. This sums up Fed’s policy

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I’ll beg to differ here. (what’s new?)

I actually have an opinion that the presidential election of Joe Biden has everything to do with rising prices.

First of all our economy was moving along fairly well under the leadership of the President Trump. Even though the COVID pandemic caused a problem. President Trump quickly got a “heads up” to start control efforts.

Of course with the election of Biden, all prosperity came to screaming halt. Anything Trump has to end. Not in the future but cut off right now.

Stopping the good, the bad & the ugly. Open up those borders, the Green New Deal (causing upped used car prices). Electric cars are in, electric prices are up, etc

A little touchy about “who voted for whom”. Most Republicans don’t mind.

Onward and upward, getting ready for 2022 election.

Can’t get worse, same President but less liberal loonies beside him. lol

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It was still higher than expected, but yes, most of that was expected. Market commentary -

CPI came in hotter than expected, with a 5.4% jump year-over-year verses expectations for a 4.9% increase, the yield curve flattened with traders putting on bets that the Federal Reserve would stomp out higher prices with interest rate hikes (so much so that the longer-end of the curve is getting close to inverting as the spread between 20-year and 30-year U.S. Treasuries narrows).

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While the other things you mentioned are partisan talking points and can be argued until the end of time, the following just don’t make sense:

That does not make sense. Used car prices are up for reasons that have nothing to do with this.

They have been in for a long time, way before the election.

Do you mean electricity? I haven’t seen any indication that electricity prices are up this year any more than any previous year.

See, this here is an opinion. Calling it a fact is the lie.

Y’all keep claiming the calls of fraud are baseless, simply because there are no ‘extra’ votes identified. But unilaterally changing the rules in advance of the election is in itself fraud, especially when the changes tend to primarily benefit one candidate’s base. It may or may not have effected the final outcome, we will never know, but it’s stil manipulating the process.

All the election laws we see being enacted now are not suppressing anything, they’re to ensure that we dont have another election with the person in charge arbitrarily deciding to tweak the rules. There are no Republican efforts to restrict voting, there are Republican efforts to ensure changes in voting rules follow the proper procedure and comply with the actual law, not what a handful of people think should be the law.

It’s been said many times - this was entirely avoidable had you addressed the concerns last summer and fall, rather than put your fingers in your ears and pretend not to hear any complaints until after it was too late to do anything. You can try to point fingers to deflect blame, the responsibility for what we see today is entirely on your own shoulders. Just because you dont want to be responsible doesnt make such claims lies.

I could probably even muster up some respect for someone who says “Whatever you think we did, we got away with it, so suck it.”. But no, you can’t even do that - in addition to being entitled to do whatever you want, your self-righteous arrogance requires that everyone agree that you did the right thing or be denounced as a terrible person. Obviously, the former without the latter would entitle everyone to do whatever they want, and some would do things without your approval - and we can’t have that happening.

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Probably true, I tend Conservative.

I said, the election of Joe Biden has everything to do with rising prices. You want to argue that my statements mentioned don’t make sense. Your opinion!

I actually think electric cars are the sign of the future. My son and wife have one and have it powered up nightly. I would still say that as more electricity is used, naturally the price will increase.

Again you like to find errors in my writing skills. Yes it’s electricity prices, not electric prices.

Also the Green New Deal will cause higher prices on many items. You can say it anyway you wish.

That’s my opinion and I’m sticking with it…

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I’ll respond to your naked link plus post. It’s a naked link with quotes from the article but nothing from you as to what the point is. Do you think we should outlaw Fracking? Or all fossil fuels?

The report is by “physicians for social responsibility” a left wing, social justice, radical group

PSR mobilizes physicians and health professionals to advocate for climate solutions and a nuclear weapons-free world.

The chemicals have not been produced in the United States since 2012. They claim that they can be imported but they don’t support that and they do not show that they actually are imported.

Yup, he’s so repulsive that he stopped the ongoing importation of banned chemicals that started and continued under Obama’s watch…

I’m pretty sure I’ve never heard even his most invested supporters accuse Trump of being a saint. Not sure why you think anyone cares about a 20 year old comment that everyone has already repeatedly said they don’t care about?