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Thread: What We Could Lose Under a Trump Presidency

  1. #31
    Bizarroland Observer Thx1138's Avatar
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    Then there are fears of data dumping....

    "...Nonetheless, climate advocates took solace in the days following the election, noting that the market forces largely responsible for the shift away from coal and the incontrovertible science supporting climate regulations would remain true regardless of who was President. But in the six weeks since the election, Trump's transition team has suggested that the incoming administration will not simply challenge the Obama administration's policies but will also launch an attempt to undermine the years of science underpinning them. Such an effort could have major implications for the credibility of U.S. government data—and the ability of the world to fight global warming."

    Climate Change: Scientists Fear Trump May Undermine Science | Time.com

    Like a kid doing vandalism!

    Thx :/

  2. #32
    res
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    I always wondered what would have happened had Billy Madison been allowed to run the company. I wonder no more.

  3. #33
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    So, basically, we "lose" the right to spend a lot of our taxpayer money to help others, who, more often than not, will stab us in the back, given the opportunity?

    That hardly bothers me. Not in the least.

    But, of course, we will continue providing aid, when needed, and, again....I am doubtful that such aid will be denied (ALTHOUGH, some nations have resisted such, in the past. Trust me....some disaster happens in North Korea, and it will be difficult enough for CHINESE rescues and aid, to reach the nation. North Korea....doesn't like intrusions. And the rulers see the people as despensable....)

  4. #34
    Member tnbskts's Avatar
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    Quote Originally Posted by bajisima View Post
    I hear you, but I do hear some saying we should at least stop it for awhile. Several Native American tribes along with some in Flint and other areas are demanding we stop spending money overseas until the US has clean water for its children. I think as these problems are seen to be getting worse, more are actually thinking we need to spend more here. The cry will become bigger as the life expectancy goes down more here.
    The problem is that it isn't overseas spending that's stopping the US spending money on clean water for children. There's money to spend on clean water for children in poor areas, there just isn't the political will. Foreign aid could stop tomorrow, and in a decade's time a lot of the infrastructure problems in the USA won't be any better, but rich people will have got more tax cuts.

    One thing people don't take into account with foreign aid is that it usually isn't totally altruistic, it's usually a matter of getting in there before China does to make sure we're still the ones with influence, or securing contracts for American businesses to provide infrastructure. Another thing people don't take into account is how much US foreign aid goes to Israel, something I doubt the majority of "stop spending our money overseas" advocates would want to stop.
    Last edited by tnbskts; 22nd February 2017 at 09:02 PM.
    Thanks from Thx1138 and RNG

  5. #35
    Veteran Member Madeline's Avatar
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    Quote Originally Posted by syrenn View Post
    agreed, he needs to shut his mouth.


    that being said

    The funds spent on global humanitarian assistance, disaster management, and emergency response would be better spent here in the US.
    Much of the funds, certainly. But not all. Apart from any ethics questions, the US directly benefits from the economic well-being of its allies.

    Militarily, and in every other way.

  6. #36
    Veteran Member Madeline's Avatar
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    Quote Originally Posted by res View Post
    You have the 20 trillion national debt because of your bankers and other financiers who have successfully lobbied your government to completely deregulate their industry. With the deregulation that is already happening and the intention of Republicans to basically repeal Dodd-Frank, we're in for another boom-and-bust cycle. US$ 20 trillion will seem like a picnic by the time banks are done with your economy.
    That's not the only reason, but it is still true.

    So what caused the banking crisis in Greece? Why is Germany facing the very same now?

    Or, to put it differently, which nation's banks are so well-regulated IYO that we should strive to imitate them?

    Not the UK, not Finland, not Iceland, etc.

    Not Italy. Not Greece.

    What does that leave? Australia?

  7. #37
    res
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    Quote Originally Posted by Madeline View Post
    That's not the only reason, but it is still true.

    So what caused the banking crisis in Greece? Why is Germany facing the very same now?

    Or, to put it differently, which nation's banks are so well-regulated IYO that we should strive to imitate them?

    Not the UK, not Finland, not Iceland, etc.

    Not Italy. Not Greece.

    What does that leave? Australia?
    To be honest I think Roosevelt & Co got that one right the first time. Heavily regulate the financial industry and impose a division between commercial and investment banking. Glass-Steagall. I think the world should've followed that example instead of the US following the world model.

    The trade off is between stability and wealth creation. The current model allows for faster and more profitable investment opportunities, but is inherently unstable. Under Glass-Steagall the US had a very stable banking sector (and consequently the financial industry as a whole) but growth was much slower due to lower capital turnover.

    I am not a financial wizz kid. For the most part I dislike it because it comes down to the predictive ability of commodification of human labour and ideas into marketable goods. It is necessary, but the almighty status it has been awarded in the past three or four decades is entirely undeserved in my opinion.
    Thanks from BigLeRoy

  8. #38
    Anarquistador StanStill's Avatar
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    Quote Originally Posted by syrenn View Post
    agreed, he needs to shut his mouth.


    that being said

    The funds spent on global humanitarian assistance, disaster management, and emergency response would be better spent here in the US.




    Don't go spend it all in one place!
    Thanks from BigLeRoy

  9. #39
    the "good" prag pragmatic's Avatar
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    Quote Originally Posted by StanStill View Post



    Don't go spend it all in one place!

    It's actually a little over 3% of discretionary Federal budget. Which is probably the appropriate percentage to view.

    And it's still between $30-40 Billion dollars annually. Billions with a "B". So it is a lot of money.

  10. #40
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    Quote Originally Posted by pragmatic View Post
    It's actually a little over 3% of discretionary Federal budget. Which is probably the appropriate percentage to view.

    And it's still between $30-40 Billion dollars annually. Billions with a "B". So it is a lot of money.
    Do you ever wonder how much influence and leverage does that money buy the US? You think you give it only out of the goodness of your hearts? Come on. It's a mixture, and the US does get its money's worth.
    Thanks from tnbskts

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