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US Politics Mega-thread - Page 226

Forum Index > General Forum
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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
KwarK
Profile Blog Joined July 2006
United States42429 Posts
May 25 2018 04:28 GMT
#4501
Nobody knows what the economy will do, least of all economists.
ModeratorThe angels have the phone box
Orome
Profile Blog Joined June 2004
Switzerland11984 Posts
May 25 2018 05:02 GMT
#4502
There are wonderful experiments that illustrate how bad experts tend to be at forecasting in their respective fields. Economists take the cake though, which is wonderful given their insistence that theirs is some sort of 'hard' science.
On a purely personal note, I'd like to show Yellow the beauty of infinitely repeating Starcraft 2 bunkers. -Boxer
RvB
Profile Blog Joined December 2010
Netherlands6196 Posts
May 25 2018 06:02 GMT
#4503
Actually there's no respectable Economist who will tell you he's capable of predicting the future. I've never seen any claim it's a hard science either m most are well aware of the flaws of economics .
Orome
Profile Blog Joined June 2004
Switzerland11984 Posts
Last Edited: 2018-05-25 07:00:59
May 25 2018 06:59 GMT
#4504
Everything I witnessed at my uni says otherwise, but I don't doubt you know more about it than I do. Maybe my uni's economics department is just shite.

edit: Was shite, I should really say. Haven't studied there in years.
On a purely personal note, I'd like to show Yellow the beauty of infinitely repeating Starcraft 2 bunkers. -Boxer
a_flayer
Profile Blog Joined April 2010
Netherlands2826 Posts
May 25 2018 07:18 GMT
#4505
These days the economy is mostly based on how robots and AI feel about CNN headlines and Trump's twitter feed.
When you came along so righteous with a new national hate, so convincing is the ardor of war and of men, it's harder to breathe than to believe you're a friend. The wars at home, the wars abroad, all soaked in blood and lies and fraud.
Biff The Understudy
Profile Blog Joined February 2008
France7875 Posts
May 25 2018 10:15 GMT
#4506
I don’t think economists are the problem. I think politicians not listening to them or listening to complete frauds (in the case of the GOP) is. And I don’t think serious economists pretend to predict the future. It’s not weather forecast.
The fellow who is out to burn things up is the counterpart of the fool who thinks he can save the world. The world needs neither to be burned up nor to be saved. The world is, we are. Transients, if we buck it; here to stay if we accept it. ~H.Miller
Dangermousecatdog
Profile Joined December 2010
United Kingdom7084 Posts
Last Edited: 2018-05-25 12:34:09
May 25 2018 12:19 GMT
#4507
From what I have read, it means that "burdensome" regulations have been lifted for "mid size" banks. They don't need to comply with "too big to fail" regulations that should protect against having to bail them out. In theory they can lend more and their profits will rise and if the banks took too many bad loans they will be allowed to fail. In all probability, it means that American taxpayers will have to bail them out again. It makes sense for very small banks, but not so much for the mid size ones.
Plansix
Profile Blog Joined April 2011
United States60190 Posts
May 25 2018 13:16 GMT
#4508
Having worked for a lot of banks, there is a huge difference between the national banks and the single state or region banks. In both scale and risk taking. I can see the argument that they should be treated differently. However, I don’t think this bill is going to do that and it sounds like a bunch of stuff was slipped in at the end.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
ShoCkeyy
Profile Blog Joined July 2008
7815 Posts
Last Edited: 2018-05-25 13:52:36
May 25 2018 13:28 GMT
#4509
I haven't been able to read into the bill much, but I've been hearing about "good" things that were slipped into the bill.

https://www.congress.gov/bill/115th-congress/senate-bill/2155 from the looks of it no?
Life?
Plansix
Profile Blog Joined April 2011
United States60190 Posts
May 25 2018 13:43 GMT
#4510


Like how the hell did they let this happen? How did they lose children? Sessions and others are splitting up families and can’t even bother to keep track of the kids.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
GreenHorizons
Profile Blog Joined April 2011
United States23068 Posts
May 25 2018 13:53 GMT
#4511
On May 25 2018 22:43 Plansix wrote:
https://twitter.com/SimonWDC/status/999831871507877888

Like how the hell did they let this happen? How did they lose children? Sessions and others are splitting up families and can’t even bother to keep track of the kids.


This is why they need warehouses surrounded by razor wire fences and armed guards.

To protect the kids and us.
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
Plansix
Profile Blog Joined April 2011
United States60190 Posts
May 25 2018 14:02 GMT
#4512
No one will ever be held accountable for this. I don’t care which party is in power, no one has the political back bone to rake this country through the coals for this mistreatment of children and their families. Americans are a bunch of special snowflakes who refuse to face the realities of the things they vote for.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
Ciaus_Dronu
Profile Joined June 2017
South Africa1848 Posts
May 25 2018 14:13 GMT
#4513
On May 25 2018 22:43 Plansix wrote:
https://twitter.com/SimonWDC/status/999831871507877888

Like how the hell did they let this happen? How did they lose children? Sessions and others are splitting up families and can’t even bother to keep track of the kids.


Bloody hell. Imagine the possibilities in a system that disperses children with minimal oversight losing so many. Anything could happen, and it's a bloody open market for human trafficking and child labor issues.

But it's completely unsurprising. Given the recent rhetoric about children not being innocent, dehumanization of immigrants and the crap about immigration courts ("Who ever heard of a system where you put people though trials.") Trump was spouting on Fox, this is the logical conclusion. It's obviously not a system set up with regard for the well-being of the people going into it, and some utterly atrocious shit is going to happen as an obvious result.

He hasn't broken down the layers of decency enough yet to actually propose just shooting people at the border, but that doesn't mean anything is going to be done to prevent harm from coming to those in the system. This isn't the last or the most horrifying story that will come out of the US's treatment of immigrating children, especially not with the attitude of the current administration.
ShoCkeyy
Profile Blog Joined July 2008
7815 Posts
May 25 2018 14:20 GMT
#4514
On May 25 2018 22:43 Plansix wrote:
https://twitter.com/SimonWDC/status/999831871507877888

Like how the hell did they let this happen? How did they lose children? Sessions and others are splitting up families and can’t even bother to keep track of the kids.


This isn't just a Sessions issue, this goes back pre-2016 as the article mentions. It also mentions a lot of the children are found alone wandering the SW border. But the worst part of the article is this

Two years ago the subcommittee released a report detailing how health and human services officials placed eight children with human traffickers who forced the minors to work on an egg farm in Marion, Ohio. The report found that department officials had failed to establish procedures to protect the unaccompanied minors, such as conducting sufficient background checks on potential sponsors and following up with sponsors. As a result, the children were turned over to the people who contracted them out to the egg farm.


Like how negligent can you be of your job?
Life?
iamthedave
Profile Joined February 2011
England2814 Posts
Last Edited: 2018-05-25 14:46:48
May 25 2018 14:46 GMT
#4515
On May 25 2018 23:02 Plansix wrote:
No one will ever be held accountable for this. I don’t care which party is in power, no one has the political back bone to rake this country through the coals for this mistreatment of children and their families. Americans are a bunch of special snowflakes who refuse to face the realities of the things they vote for.


Speaking of, and vaguely relevant to recent discussion, MS-13 recruits from such 'lost' kids.
I'm not bad at Starcraft; I just think winning's rude.
Dangermousecatdog
Profile Joined December 2010
United Kingdom7084 Posts
Last Edited: 2018-05-25 15:38:40
May 25 2018 15:38 GMT
#4516
Those children are probably dead, in prostitution, or enslaved. This is what happens when you start referring groups of people as "animals".
a_flayer
Profile Blog Joined April 2010
Netherlands2826 Posts
May 25 2018 15:59 GMT
#4517
On May 26 2018 00:38 Dangermousecatdog wrote:
Those children are probably dead, in prostitution, or enslaved. This is what happens when you start referring groups of people as "animals".

Except it was happening before Trump as well, all the way back to 2014. Every time articles like this come out people scream about their hatred for Trump, failing to recognize the systematic problems that exist. I've seen people who think the Gaza mess will be solved with the impeachment of Trump, etc. It's so, so sad, and thoroughly depressing.

It's the same as when this guy gets arrested, and there's a bunch of people leaving comments on various news sites how they hate that racist asshole, but fail to recognize he acted with basically same core fundamental motivation Osama Bin Laden. Hurt can make you act without apology or regret.

As he was escorted to the police car, Smith reportedly told the deputies that “they killed my son” and “my son was a Marine.”

The problem is the US war machine fueling terrorism on both sides of the geopolitical aisle.
When you came along so righteous with a new national hate, so convincing is the ardor of war and of men, it's harder to breathe than to believe you're a friend. The wars at home, the wars abroad, all soaked in blood and lies and fraud.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
Last Edited: 2018-05-25 17:52:37
May 25 2018 17:50 GMT
#4518
On May 25 2018 12:44 ShoCkeyy wrote:
So Trump just signed or rolled back regulations for the banking industry, protecting banks that have up to $200 billion in assets. Whats the layman terms for how this affects the economy? I know smaller banks now are destined to fail if they loan out more than they're worth, but what else can happen?

I'm not entirely sure what changed. Probably not great for the larger banks.

I wouldn't expect much of an economic effect. Next downturn there may be more defaults. I would expect this credit cycle to be more moderate regardless, though I haven't been paying much attention.

Usually financials react to and exacerbate (pos or neg) the broader economy than drive it. Banks don't lend out more than they are worth so much as they lend, and then asset values drop.

Edit: also, usually when a bank fails not many care. It was the huge ones that mattered. Also the huge ones tend to be safer, so an odd paradox there.
Danglars
Profile Blog Joined August 2010
United States12133 Posts
May 25 2018 19:33 GMT
#4519
On May 26 2018 02:50 JonnyBNoHo wrote:
Show nested quote +
On May 25 2018 12:44 ShoCkeyy wrote:
So Trump just signed or rolled back regulations for the banking industry, protecting banks that have up to $200 billion in assets. Whats the layman terms for how this affects the economy? I know smaller banks now are destined to fail if they loan out more than they're worth, but what else can happen?

I'm not entirely sure what changed. Probably not great for the larger banks.

I wouldn't expect much of an economic effect. Next downturn there may be more defaults. I would expect this credit cycle to be more moderate regardless, though I haven't been paying much attention.

Usually financials react to and exacerbate (pos or neg) the broader economy than drive it. Banks don't lend out more than they are worth so much as they lend, and then asset values drop.

Edit: also, usually when a bank fails not many care. It was the huge ones that mattered. Also the huge ones tend to be safer, so an odd paradox there.

In terms of national impact and attention, community banks don’t arouse interest. However, they comprise around half of loans to small businesses and farms, and many rural communities only have access to one of these banks. I remember a FDIC study that said around 1/5 of all counties only had access to small, community banks. The standards for underwriting and the strictest of new banking rules should only apply to banks with ~quarter trillion in assets, not 50-100 million.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
Plansix
Profile Blog Joined April 2011
United States60190 Posts
May 25 2018 19:40 GMT
#4520
In theory that would be a good change to the law. We will have to see if the substance of the law reflects those simple changes.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
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