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Now that we have a new thread, in order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a complete and thorough read before posting! NOTE: When providing a source, please provide a very brief summary on what it's about and what purpose it adds to the discussion. The supporting statement should clearly explain why the subject is relevant and needs to be discussed. Please follow this rule especially for tweets. Your supporting statement should always come BEFORE you provide the source. If you have any questions, comments, concern, or feedback regarding the USPMT, then please use this thread: http://www.teamliquid.net/forum/website-feedback/510156-us-politics-thread | ||
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zeo
Serbia6267 Posts
On December 25 2018 06:46 JimmiC wrote: Another record. Biggest Dow fall ever on Christmas eve 653 points! Seems like the government shutdown is going to cost a lot more than 5,7 billion | ||
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Automedon
13 Posts
People say that the stock market doesn't matter. Yes, it is not real money. But if the stock market is high, the whole economy acts as if that virtual money is actually there. Now that we know it was never there, there will be a reckoning in the real economy in the months to come. Imagine Trump's approval rate if he had Bush' economic crash rather than Obama's boom. It is also scary that there is no one left anymore to trigger article 25. And maybe also a good thing, because the voters need to be blamed for voting wrong and they need to be forced to go back on their vote. Mueller of course is a Republican and part of the political elite. While be is probably doing a thorough job, he is also probably deliberately losing the battle of public opinion. Just look at Mueller's approval rating. Even if Trump was a democrat (well, he is a lifelong democrat, but I mean if he was officially a democratic president), then it would still be really hard for Mueller to come out with a report "Yes, Trump was always a mob boss who has been kept afloat with Russian money for the last 3 decades. And yes, Putin 'ordered' him to run for president and he has been a Russian agent all that time." It just cannot happen. The US cannot admit to that. It is just too emberrasing. So while they probably want to get rid of Trump, they cannot admit this to be true, if it were true. So I don't know why people put so much trust in Mueller. Mueller will put Roger Stone in jail and blame Stone for everything. They will force Trump not to run again by dropping charges against his children. Imagine if Mueller came out and said "Trump colluded with the Russians even before he announced running for president and Trump took orders from Putin while being president." then imagine an impeachment procedure. The base will just call it the 'deep state' and a 'Clinton conspiracy' and still support him. And no one will have to change. Trump is the symptom, not the cause. Blaming Putin for Trump will let the voters off the hook. | ||
micronesia
United States24578 Posts
On December 26 2018 00:57 Automedon wrote: Imagine the stock market with proper tax rates. I have no issue with your overall post (at least the info you put prior to the big edit) but can you expand on what you mean by this? Are you referring to the fact that rich people typically pay taxes for capital gains, at a lower rate than the top bracket of income tax, or are you referring to something else? | ||
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Automedon
13 Posts
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micronesia
United States24578 Posts
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Sermokala
United States13750 Posts
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Automedon
13 Posts
Now I hate Obama for undermining our institutions (labeling whistle blowers as traitors, assassinating Americans without having to provide evidence, drone strikes on civilian, in general paving the way for Trump, labeling GOPcare as Obamacare, not getting a supreme court justice nominated), but I do have to point out that his approval was during en economic downturn. Now we are in an upturn. People have jobs. People have money. But still they are angry at Trump. | ||
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Gorsameth
Netherlands21367 Posts
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KwarK
United States41989 Posts
On December 26 2018 02:05 Sermokala wrote: Bush didn't really have much of an economic crash under his term. The real fallout from the financial crisis came under obama who didn't get the good economy under well into his second term. It was a sticking point in his second election that the economy wasn't that confident of a real recovery (not that it really resulted into real gains for most people but hay economic boom). Do you not remember the dot com crash? | ||
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On_Slaught
United States12190 Posts
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Sermokala
United States13750 Posts
Man I could have sworn that was a Clinton era thing. Either way I thought he was referencing the financial crisis my bad. To be fair that was 18 or so years ago which means you'd have to be in your thirties or so to "remember the do com crash". | ||
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ZerOCoolSC2
8930 Posts
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Sermokala
United States13750 Posts
On December 26 2018 12:31 ZerOCoolSC2 wrote: You have to be roughly 25+ That would make you a 7 year old in first grade or something. You don't get much info on macro scale economics coming in your first 6 or so grades. | ||
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Lmui
Canada6208 Posts
On December 26 2018 14:26 Sermokala wrote: That would make you a 7 year old in first grade or something. You don't get much info on macro scale economics coming in your first 6 or so grades. Speaking as someone around that age. I knew exactly nothing of what happened with dot-com bubble as it was happening. I did fully understand what was happening in 2008, as it was happening. So probably somewhere around 29-33 years old now, and you'd understand both bubbles. | ||
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Plansix
United States60190 Posts
It all blew up in the early 2000s when people realized that those internet companies were very poorly managed and didn’t really make much money. And Bush didn’t do a lot of cushion the implosion either. The amazing part about the dot.com bust is that nothing really changed afterwords and many of the modern tech companies act the exact same way today. I think the big difference today is we all carry around tracking devices and give everyone our information all the time. But my memory of it is overshadowed by 9/11 and the Iraq War. Who cares about Yahoo Pets going under when we are invading another country? | ||
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ZerOCoolSC2
8930 Posts
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Plansix
United States60190 Posts
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KwarK
United States41989 Posts
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Plansix
United States60190 Posts
Also, Trump has apparently been asking Mitch McConnell to change the rules in the Senate to remove the filibuster. Because Trump hates having to deal with the democrats. | ||
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JimmiC
Canada22817 Posts
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