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Thread: WH is Only Telling Half the Story About What Happened to American Jobs

  1. #21
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    Quote Originally Posted by Babba View Post
    Unfortunately, many Democrats have bought into the idea that the financialization of corporations is a good idea. Just as they've bought into the idea of less regulation of the financial industry. Clinton went along with the "modernization" of the industry. That's one reason I'm mystified when some suggest that the Democrats have become radical socialists or something. In reality, the Democrats have slid to the right of the Democratic party of the mid 20th century. The rest of the world views the current Democratic party as a conservative party. The biggest difference between the parties policy-wise is that at least Democrats recognize that it's really only the wealthy that have benefited from the economic policies of the past 40 years and they try to mitigate the adverse effects of those policies. Republicans behave as though there are no adverse effects and do everything in their power to undermine the social safety net.
    i'll remind you of one important fact, the democratic party is run by RICH people and they will do what's necessary to maintain their status.

    rich democrats are no different then rich republicans.

  2. #22
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by mtm1963 View Post
    i'll remind you of one important fact, the democratic party is run by RICH people and they will do what's necessary to maintain their status.

    rich democrats are no different then rich republicans.
    Money corrupts all I suppose.

  3. #23
    Veteran Member TNVolunteer73's Avatar
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    Trickle down didn't fail the to greatest economies in the 20th Century were trickle down economies, Reagan and Clinton, in fact the 5 greatest economies in the 20th century were trickle down economies.

    The worst Carter, Nixon,Ford, and Hoover were economies that limited or removed supply side from the equation, and the only economy in history of the nation to not see a single year of 3% Growth removed supply side from the equation (Obama)


    Harding,
    Truman,
    Kennedy
    Reagan
    Clinton
    Last edited by TNVolunteer73; 31st July 2017 at 07:34 AM.

  4. #24
    Veteran Member TNVolunteer73's Avatar
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    If you take the economy in totality bush's Economy over his 8 years was a better economy than the 8 years of Obama.

  5. #25
    Cat-tastic Babba's Avatar
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    Quote Originally Posted by mtm1963 View Post
    i'll remind you of one important fact, the democratic party is run by RICH people and they will do what's necessary to maintain their status.

    rich democrats are no different then rich republicans.
    Actually, as I pointed out, the difference is at least the Democrats acknowledge that the growing income inequality is a problem and enact programs that try to mitigate the adverse effects. Republicans pretend that the current income inequality caused by trickle down policies don't even exist and actively fight against programs intended to address the problems associated with it.
    Thanks from labrea

  6. #26
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    Quote Originally Posted by Babba View Post
    Actually, as I pointed out, the difference is at least the Democrats acknowledge that the growing income inequality is a problem and enact programs that try to mitigate the adverse effects. Republicans pretend that the current income inequality caused by trickle down policies don't even exist and actively fight against programs intended to address the problems associated with it.
    advocating more government spending/programs doesn't change the fundamental situation of income inequality.

    if it did the situation would have been solved already.

  7. #27
    Cat-tastic Babba's Avatar
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    Quote Originally Posted by mtm1963 View Post
    advocating more government spending/programs doesn't change the fundamental situation of income inequality.

    if it did the situation would have been solved already.
    That's not true. Food stamps, Medicaid, etc. do help keep people from falling between the cracks. But, they don't address the causes of the growing income inequality. Barring corporations from financialization and raising taxes on the wealthy are the two things that would bring it back into line. It would also help with the debt and the deficit.
    Thanks from labrea

  8. #28
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Babba View Post
    That's not true. Food stamps, Medicaid, etc. do help keep people from falling between the cracks. But, they don't address the causes of the growing income inequality. Barring corporations from financialization and raising taxes on the wealthy are the two things that would bring it back into line. It would also help with the debt and the deficit.
    I do wonder now in the technological age, if people just wont hide their money still? I heard recently how various investors are now buying up starter homes to rent them at exorbitant prices but they head them with foreigners so the US cant tax them, yet they are still run by Americans. Just basically a faux head at the top for tax purposes. Its going to be harder to get taxes nowadays without "borders" per se for money and taxes. As we speak the wealthy are doing just that, figuring out how to evade. There is even courses on it in law school.

  9. #29
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    Quote Originally Posted by Babba View Post
    That's not true. Food stamps, Medicaid, etc. do help keep people from falling between the cracks. But, they don't address the causes of the growing income inequality. Barring corporations from financialization and raising taxes on the wealthy are the two things that would bring it back into line. It would also help with the debt and the deficit.
    it doesn't solve the problem. it's a band aid.

    throwing tax payers dollars at income inequality isn't solving the problem.

    what happens when you give the federal government more money? spending increases and deficits get bigger.

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    Quote Originally Posted by mtm1963 View Post
    the DOW is approaching 22,000.

    10 billion dollars being invested in a Wisconsin factory from a foreign country that will create 1000's of jobs over time.
    I wouldn't be celebrating the Foxconn deal just yet.

    This 1 number sums up why that Foxconn deal is over-the-top bad for Wisconsin - MarketWatch

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