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Nov 2023 Mod notice:


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Edited by Mrph1 on Nov 30th 2023 at 11:03:59 AM

TitanJump Since: Sep, 2013 Relationship Status: Singularity
#326151: Sep 4th 2020 at 9:16:24 PM

[up] And yet they still fail to realize that the "stock market" is not the economy at all...

LSBK Since: Sep, 2014
#326152: Sep 4th 2020 at 9:17:57 PM

Republicans being better at the economy is just one of those things ingrained in the public consciousness despite how little actual truth there is to it.

I'd be interested in whether or not it's actually been fading over the years, but it's not surprising it's still a thing for now.

slimcoder The Head of the Hydra Since: May, 2013
The Head of the Hydra
#326153: Sep 4th 2020 at 9:24:42 PM

How is the US economy?

"I am Alpharius. This is a lie."
TitanJump Since: Sep, 2013 Relationship Status: Singularity
Draghinazzo (4 Score & 7 Years Ago) Relationship Status: I get a feeling so complicated...
#326155: Sep 4th 2020 at 9:29:52 PM

The economy wouldn't be doing great now anyway regardless of who was in charge, since the pandemic is a thing. But Trump's poor response to it has only aggravated things further.

slimcoder The Head of the Hydra Since: May, 2013
The Head of the Hydra
#326156: Sep 4th 2020 at 9:32:18 PM

[up] Yeah but before the pandemic started, how bad was it?

"I am Alpharius. This is a lie."
TitanJump Since: Sep, 2013 Relationship Status: Singularity
#326157: Sep 4th 2020 at 9:34:46 PM

[up] Data shows that it collapsed five months before the Covid-19 outbreak started.

Edited by TitanJump on Sep 4th 2020 at 6:35:01 PM

RainehDaze Nero Fangirl (4 Score & 7 Years Ago)
Nero Fangirl
#326158: Sep 4th 2020 at 9:35:32 PM

Actually causing a manufacturing downturn from all his attempts at trade wars. The stock market was booming, but that was largely it; real growth pretty much stagnated for the rest of Trump's turn after he inherited an actually functional economy.

ScubaWolf from South Carolina Since: Feb, 2020
#326159: Sep 4th 2020 at 9:37:05 PM

[up][up][up] Pretty bad. His mismanagement of things, almost getting us into trade wars, tariffs, etc. rose prices on things and caused company failures. Add into that wages stagnating, and it was only a matter of time before the economy crashed.

Edited by ScubaWolf on Sep 4th 2020 at 12:37:18 PM

"In a move surprising absolutely no one"
slimcoder The Head of the Hydra Since: May, 2013
The Head of the Hydra
#326160: Sep 4th 2020 at 9:38:31 PM

He really is a terrible business man.

Why were the stocks increasing though?

Edited by slimcoder on Sep 4th 2020 at 9:38:53 AM

"I am Alpharius. This is a lie."
RainehDaze Nero Fangirl (4 Score & 7 Years Ago)
Nero Fangirl
#326161: Sep 4th 2020 at 9:41:25 PM

Because that's what stocks do. It's all speculation.

Up until a company fails entirely or drastically underperforms, then the stock is going to keep going up as better profits are expected in future.

Result: you can tank the economy practically by devastating industry, causing layoffs, and raising the price of living. But if enough companies (especially service-focused financial companies and tech giants) continue to profit and benefit from your taxation idiocy, the stock market as a whole will balloon without regard for reality.

Eschaton Since: Jul, 2010
#326162: Sep 4th 2020 at 9:41:42 PM

[up][up]Something about companies using the tax break scheme to buy back stocks and boost their own worth, maybe? I'm not familiar with the issue, but apparently that was a thing that happened with the previous tax break for the rich by Dubya?

Edited by Eschaton on Sep 4th 2020 at 9:42:06 AM

Imca (Veteran)
#326163: Sep 4th 2020 at 9:57:37 PM

To hope for a day when this psychotic idea that Republicans are somehow better stewards of the economy when they manage to crash it without fail virtually every time will finally die.

One of the problems is that the econemy is sluggish, and by the time it crashes there is often a democrat in the seat that they can blame.

Parable Since: Aug, 2009
#326164: Sep 4th 2020 at 10:06:53 PM

But THE STOCK MARKET IS UP.

Actually the Nasdaq posted it's worst week today since the pandemic began.

The S&P 500 and Dow Jones also posted steep declines.

And further cementing the fact that the stock market and rest of the economy are radically divorced from each other, the US unemployment rate actually dropped from around 10% to around 8% in August.

singularityshot Since: Dec, 2012
#326165: Sep 4th 2020 at 11:34:58 PM

Just something I spotted. Chesley "Sully" Sullenberger has a twitter thread where he says he is "disgusted, but not surprised" regarding the disparaging remarks Trump has allegedly said about fallen servicemen and women.

Didn't realize we had a genuine American hero in our little community. M84, it is an honour.

https://mobile.twitter.com/Captsully/status/1301998166036877313

Forenperser Foreign Troper from Germany Since: Mar, 2012
Foreign Troper
#326166: Sep 5th 2020 at 2:46:04 AM

So what part did Trump ACTUALLY have in Serbia and Bosnia normalizing ties?

His supporters make it sound like he actually brokered peace or something.

Certified: 48.0% West Asian, 6.5% South Asian, 15.8% North/West European, 15.7% English, 7.4% Balkan, 6.6% Scandinavian
Silasw A procrastination in of itself from A handcart to hell (4 Score & 7 Years Ago) Relationship Status: And they all lived happily ever after <3
A procrastination in of itself
#326167: Sep 5th 2020 at 3:18:48 AM

I’m not seeing anything in the news about Serbia and Bosnia, closest I can find is something about Serbia and Israel plus Kosovo and Israel.

“And the Bunny nails it!” ~ Gabrael “If the UN can get through a day without everyone strangling everyone else so can we.” ~ Cyran
TitanJump Since: Sep, 2013 Relationship Status: Singularity
#326168: Sep 5th 2020 at 3:28:40 AM

Apparently (from what I could find), he "made a deal" that allows an economic deal between Serbia and Kosovo, yet failed to get Belgrade accept and acknowledge its neighbor as an independent nation.

Basically a failure with Trump's trademark "T" stamped on top of it.

Edited by TitanJump on Sep 5th 2020 at 12:29:25 PM

Forenperser Foreign Troper from Germany Since: Mar, 2012
Foreign Troper
#326169: Sep 5th 2020 at 3:30:27 AM

My bad, it was the Kosovo, not Bosnia, sorry.

Certified: 48.0% West Asian, 6.5% South Asian, 15.8% North/West European, 15.7% English, 7.4% Balkan, 6.6% Scandinavian
FinestArts Vampire Mouse of Mars from The North Lands Since: Apr, 2020 Relationship Status: Above such petty unnecessities
Vampire Mouse of Mars
#326170: Sep 5th 2020 at 3:44:35 AM

I consider you guys a lot smarter and more wizened to this kind of shit so I'd like your thoughts on it.

Thanks Obama | Why Obama is a monster who you should not celebrate.

https://m.youtube.com/watch?v=1LLnZ-0zyHg

I know the video guy is UBER popular with socialists, communists, leninists, and other lefties of that brand.

TitanJump Since: Sep, 2013 Relationship Status: Singularity
#326171: Sep 5th 2020 at 3:53:50 AM

[up] Trash.

It's just the opinions of a single (biased) private citizen and nothing with actual credibility to it. Nothing else.

Dispose, ignore, and move on.

Forenperser Foreign Troper from Germany Since: Mar, 2012
Foreign Troper
#326172: Sep 5th 2020 at 3:54:29 AM

'Monster' off course is populist bullshit, but I too think that he made some questionable choices and was not as good as many make him out to be.

He continued far too many policies of the Bush administration.

Certified: 48.0% West Asian, 6.5% South Asian, 15.8% North/West European, 15.7% English, 7.4% Balkan, 6.6% Scandinavian
Alycus Since: Apr, 2018
#326173: Sep 5th 2020 at 3:58:29 AM

I know the video guy is UBER popular with socialists, communists, leninists, and other lefties of that brand.

Thanks, now I know to avoid him as hard as possible. Not that I consider You Tube a credible source for politics anyway.

AlleyOop Since: Oct, 2010
#326174: Sep 5th 2020 at 4:00:26 AM

Leninists eh? Probably time to look the other way.

M84 Oh, bother. from Our little blue planet Since: Jun, 2010 Relationship Status: Chocolate!
Oh, bother.
#326175: Sep 5th 2020 at 4:02:57 AM

Ignore it.

Disgusted, but not surprised

Total posts: 417,856
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