2020 Democratic Nominee

[David Dennison 18655]

 

[triplehorn 2664]

Bloomberg on Banking Reform:

U.S. Democratic presidential hopeful Bloomberg unveils plan to rein in Wall Street

"NEW YORK (Reuters) - U.S. Democratic presidential candidate Michael Bloomberg on Tuesday outlined a sweeping financial services policy proposal to rein in Wall Street trading, boost consumer protections, increase Americans' access to banking services, and crack down on financial crime.

The left-leaning platform marks a striking turnaround for the former Republican New York mayor who made his $60 billion fortune in financial services and who in the past has criticized reforms introduced following the 2007-2009 financial crisis.

Among the most eye-catching proposals is a tax of 0.1% on transactions in stocks, bonds and payments on derivative contracts, bolstering the "Volcker Rule" ban on proprietary trading, and setting a trading speed limit - all of which take aim at Wall Street clients of Bloomberg Inc's trading terminal.

The proposal also pledges to reinforce protections eroded by the Trump administration by boosting bank capital levels, toughening banks' annual health checks, and restoring the Consumer Financial Protection Bureau's rules curbing payday lending and ban on imposing mandatory arbitration on consumers.

Bloomberg also on Tuesday waded into the long-running debate on the future of housing finance giants Fannie Mae and Freddie Mac, which were bailed out during the crisis, proposing to merge them to ensure taxpayers are fully compensated for the risks

While Bloomberg's platform does not go as far as proposals backed by progressive rival presidential candidates Elizabeth Warren and Bernie Sanders, who have called for big banks to be broken up, it underscores how far the Democratic Party is moving to the left on financial and corporate policy issues.

cont."

 

[gmr548 16504]

Bloomberg on Banking Reform:
U.S. Democratic presidential hopeful Bloomberg unveils plan to rein in Wall Street
"NEW YORK (Reuters) - U.S. Democratic presidential candidate Michael Bloomberg on Tuesday outlined a sweeping financial services policy proposal to rein in Wall Street trading, boost consumer protections, increase Americans' access to banking services, and crack down on financial crime.
The left-leaning platform marks a striking turnaround for the former Republican New York mayor who made his $60 billion fortune in financial services and who in the past has criticized reforms introduced following the 2007-2009 financial crisis.
Among the most eye-catching proposals is a tax of 0.1% on transactions in stocks, bonds and payments on derivative contracts, bolstering the "Volcker Rule" ban on proprietary trading, and setting a trading speed limit - all of which take aim at Wall Street clients of Bloomberg Inc's trading terminal.
The proposal also pledges to reinforce protections eroded by the Trump administration by boosting bank capital levels, toughening banks' annual health checks, and restoring the Consumer Financial Protection Bureau's rules curbing payday lending and ban on imposing mandatory arbitration on consumers.
Bloomberg also on Tuesday waded into the long-running debate on the future of housing finance giants Fannie Mae and Freddie Mac, which were bailed out during the crisis, proposing to merge them to ensure taxpayers are fully compensated for the risks
While Bloomberg's platform does not go as far as proposals backed by progressive rival presidential candidates Elizabeth Warren and Bernie Sanders, who have called for big banks to be broken up, it underscores how far the Democratic Party is moving to the left on financial and corporate policy issues.
cont."
 

Idontbelieveyou.gif

[F250 28682]

CNN just ran a segment that went hard in the paint against Bernie. Basically said Trump wants/needs a Bernie nomination for an easy path to election. Then referred to it as a trap several times in an obvious attempt to scare people away from Bernie.

 

[GW Hayduke 1952]

19 minutes ago, F250 said:

CNN just ran a segment that went hard in the paint against Bernie. Basically said Trump wants/needs a Bernie nomination for an easy path to election. Then referred to it as a trap several times in an obvious attempt to scare people away from Bernie.

 

 

I’m not that in-tune with how the electoral college would likely shake out in Bernie-Trump head to head, but there is probably a reason why Hannity and Trump defend Bernie while Trump goes to the extreme to attack Biden and Warren.

 From a Texas perspective thinking about the State legislature, Bernie would be terrible for down ballot candidates.

Edited February 18, 2020 by GW Hayduke

[Cheeseweasel 26437]

25 minutes ago, triplehorn said:

Among the most eye-catching proposals is a tax of 0.1% on transactions in stocks,

"Fuck your 401k"

-Bloomberg

[HenryJames 65889]

indexfunds;dr

[Skipper 6103]

9 minutes ago, GW Hayduke said:

 

I’m not that in-tune with how the electoral college would likely shake out in Bernie-Trump head to head, but there is probably a reason why Hannity and Trump defend Bernie while Trump goes to the extreme to attack Biden and Warren.

 From a Texas perspective thinking about the State legislature, Bernie would be terrible for down ballot candidates.

Yeah, this isn't just some "Democratic establishment conspiracy".  It's clear Trump and his team want Bernie to win.  Could they be wrong, sure, but pretty obvious Trump and the R machine thinks that Bernie stacks the odds heavily in Trump's favor.

[bad_teammate 13132]

28 minutes ago, F250 said:

CNN just ran a segment that went hard in the paint against Bernie. Basically said Trump wants/needs a Bernie nomination for an easy path to election. Then referred to it as a trap several times in an obvious attempt to scare people away from Bernie.

Oh no please stop CNN please oh no people respect you so much and really take you seriously oh no.....

[Cheeseweasel 26437]

6 minutes ago, HenryJames said:

indexfunds;dr

Index funds have turnover. I assume that turnover would be taxable under the Bloomberg plan.

I stand by my statement.

[bad_teammate 13132]

How many people's 401ks are invested in high-frequency traded stocks? Seems like a weird thing to bring up.

[Anastasis 23394]

8 minutes ago, Cheeseweasel said:

Index funds have turnover. I assume that turnover would be taxable under the Bloomberg plan.

I stand by my statement.

Wouldn't this just get baked into the administration costs of the index funds? Not sure if that is the right terminology.  But if that is the case, it would be a pretty slick way to hide tax hit by eroding returns of long terms index fund holders rather than showing up as a line item in their tax return. 

[Cheeseweasel 26437]

6 minutes ago, Anastasis said:

Wouldn't this just get baked into the administration costs of the index funds? Not sure if that is the right terminology.  But if that is the case, it would be a pretty slick way to hide tax hit by eroding returns of long terms index fund holders rather than showing up as a line item in their tax return. 

Good question. The devil is in the details. Most politicians don't figure people will ask these questions. They just get on Twitter and yell "hell yeah! Rich people = stocks! Tax 'em!!"

[Goredho 17346]

 

3 hours ago, GSU&UT said:

I donated to Warren and my wife is pretty much still committed to voting for Warren and is a social worker. She's 36, uses social media less frequently than me, and I don't think I've ever heard her complain about Bernie Bros probably because she rarely watches cable news.

I've no idea if you're even white, but god damn the only people I have heard complain about Bernie Bros are generally well off white people who at at least 45 if not outright boomers. They're savvy enough to use social media and just cannot fathom why he has a rabid fan base or they do absolutely no research of their own outside of listening to media pundits who cannot stand the fact that they get ratio'd on twitter. I try not to be a dick unless I know for a fact someone is being disingenuous and wouldn't ever vote for Bernie (usually never-Trumper conservatives), but for so many of us, and there are a lot of women who get nasty as shit on twitter in defense of Bernie, this isn't some game. This is real life and death situations and we aren't going to move forward enough, especially with climate change, with little steps.

I've said this before, I don't care if you don't vote for Bernie and don't want to vote for him in the general because we were the ones who were blamed for Trump, even though I and damn near ever Bernie supporter I know voted for Hillary. I can only tell people like your wife to really look at who is the most passionate, even on twitter, because it's a hell of a lot of non-white people and women. This isn't 2016, it's 2020 and you'll see how many people who really inspires by taking a look at who shows up to his rallies in Texas, Nevada, Washington, California.

Whoever terrifies the democrats within their own party needs to take the reigns.  The legacy establishment within the party are French generals feeling secure behind the Maginot Line as Trump and the rest of the GOP metaphorically build tanks and eye the Ardennes Forest.

[bad_teammate 13132]

45 minutes ago, Cheeseweasel said:

Good question. The devil is in the details. Most politicians don't figure people will ask these questions. They just get on Twitter and yell "hell yeah! Rich people = stocks! Tax 'em!!"

And those Twitter posters would be very very VERY much correct.

[henrygandorf 29174]

1 hour ago, F250 said:

CNN just ran a segment that went hard in the paint against Bernie. Basically said Trump wants/needs a Bernie nomination for an easy path to election. Then referred to it as a trap several times in an obvious attempt to scare people away from Bernie.

 

so wait, you worded this kinda funny.  i get that cnn ran a piece on bernie, and said that trump wants bernie to be the nominee.

who was saying this is actually a trap that's trying to scare people away from voting for bernie?  and by "trap" are you saying that secretly trump is scared of bernie, so he's trying to make people think he wants to run against bernie?  did cnn call it a trap?

i personally think trump isn't afraid of bernie because socialist! and trump (and his idiots) need a boogeyman, and this one is easy for them to remember.  i don't think that will work, and i think bernie would roll trump, but i would assume trump still thinks yelling socialism will work.  i also refuse to think trump is thinking 2 moves ahead.  even 1 move would shock me.

[Js1 85104]

6 minutes ago, henrygandorf said:

so wait, you worded this kinda funny.  i get that cnn ran a piece on bernie, and said that trump wants bernie to be the nominee.

who was saying this is actually a trap that's trying to scare people away from voting for bernie?  and by "trap" are you saying that secretly trump is scared of bernie, so he's trying to make people think he wants to run against bernie?  did cnn call it a trap?

i personally think trump isn't afraid of bernie because socialist! and trump (and his idiots) need a boogeyman, and this one is easy for them to remember.  i don't think that will work, and i think bernie would roll trump, but i would assume trump still thinks yelling socialism will work.  i also refuse to think trump is thinking 2 moves ahead.  even 1 move would shock me.

2 movies ahead?

Dude is 3 steps back still thinking about how we can run against Hillary in 9 months. 

[F250 28682]

11 minutes ago, henrygandorf said:

so wait, you worded this kinda funny.  i get that cnn ran a piece on bernie, and said that trump wants bernie to be the nominee.

who was saying this is actually a trap that's trying to scare people away from voting for bernie?  and by "trap" are you saying that secretly trump is scared of bernie, so he's trying to make people think he wants to run against bernie?  did cnn call it a trap?

i personally think trump isn't afraid of bernie because socialist! and trump (and his idiots) need a boogeyman, and this one is easy for them to remember.  i don't think that will work, and i think bernie would roll trump, but i would assume trump still thinks yelling socialism will work.  i also refuse to think trump is thinking 2 moves ahead.  even 1 move would shock me.

A picture of Admiral Akhbar was shown on the screen with the CNN spokesman saying "it's a trap." The trap being Trump wants Bernie as his opponent because it will be the easiest path to reelection.

 

 

[Cheeseweasel 26437]

1 minute ago, F250 said:

A picture of Admiral Akhbar was shown on the screen with the CNN spokesman saying "it's a trap." The trap being Trump wants Bernie as his opponent because it will be the easiest path to reelection.

Or CNN wants Trump reelected because he's good for ratings. THAT's THE TRAP.

[gsoda3 3236]

1 hour ago, Anastasis said:

Wouldn't this just get baked into the administration costs of the index funds? Not sure if that is the right terminology.  But if that is the case, it would be a pretty slick way to hide tax hit by eroding returns of long terms index fund holders rather than showing up as a line item in their tax return. 

it's not going to happen.  bloomberg isn't going to hamstring the users of his product.  a .1% tax would be an eyewateringly expensive cost.  

[bad_teammate 13132]

36 minutes ago, Js1 said:

2 movies ahead?

He is 2 movies ahead:

- Dumb & Dumber
- Jack & Jill

[Tuco 5076]

2 hours ago, GW Hayduke said:

 

I’m not that in-tune with how the electoral college would likely shake out in Bernie-Trump head to head, but there is probably a reason why Hannity and Trump defend Bernie while Trump goes to the extreme to attack Biden and Warren.

 From a Texas perspective thinking about the State legislature, Bernie would be terrible for down ballot candidates.

A think the more plausible explanation is that Trump's people see the polls where a decent percentage of Bernie fans will revolt if he doesn't get the nomination, and by not attacking Bernie, he can exploit that.  

As far as Texas, Bernie is polling the best among Dems against Trump.  He is -2 versus Trump, Biden is -4, and Bloomberg is -5.  (-5 is the worst among the Dems, with Buttigieg and Klob also trailing Trump by that much.) 

 

[henrygandorf 29174]

1 minute ago, Tuco said:

A think the more plausible explanation is that Trump's people see the polls where a decent percentage of Bernie fans will revolt if he doesn't get the nomination, and by not attacking Bernie, he can exploit that.  

if that was the case, he would be propping up bloomberg or biden.

i believe trump is setting a trap.  that is to say, i believe he believes he is setting a trap.  and like most idiots, his trap will backfire.

[Tuco 5076]

Just now, henrygandorf said:

if that was the case, he would be propping up bloomberg or biden.

i believe trump is setting a trap.  that is to say, i believe he believes he is setting a trap.  and like most idiots, his trap will backfire.

Biden's people are solidly Democrat.  Bloomberg I could see, but Trump has to respond to attacks, which is pretty much Bloomberg's whole pitch. 

[Biff Tannen 45492]

9 minutes ago, henrygandorf said:

if that was the case, he would be propping up bloomberg or biden.

i believe trump is setting a trap.  that is to say, i believe he believes he is setting a trap.  and like most idiots, his trap will backfire.

[wildcat09 29237]

It's very obvious he's running his 2016 playbook again. He expects the DNC to actually screw Bernie over this time and wants to exploit the division that would cause.

[GSU&UT 1798]

More data that this concern about Bernie's SoCiAliSm scare is mostly found amongst pundits and the DNC and less an actual worry among normal people.

 

[DCA_HORN 725]

so wait, you worded this kinda funny.  i get that cnn ran a piece on bernie, and said that trump wants bernie to be the nominee.
who was saying this is actually a trap that's trying to scare people away from voting for bernie?  and by "trap" are you saying that secretly trump is scared of bernie, so he's trying to make people think he wants to run against bernie?  did cnn call it a trap?
i personally think trump isn't afraid of bernie because socialist! and trump (and his idiots) need a boogeyman, and this one is easy for them to remember.  i don't think that will work, and i think bernie would roll trump, but i would assume trump still thinks yelling socialism will work.  i also refuse to think trump is thinking 2 moves ahead.  even 1 move would shock me.

I understand what you are saying and I'm with you on Pete but spend some time east of the 405 and you might have a different take.

[Cheeseweasel 26437]

11 minutes ago, wildcat09 said:

It's very obvious he's running his 2016 playbook again. He expects the DNC to actually screw Bernie over this time and wants to exploit the division that would cause.

He might be right on this one...

[henrygandorf 29174]

6 minutes ago, DCA_HORN said:

1 hour ago, henrygandorf said:

so wait, you worded this kinda funny.  i get that cnn ran a piece on bernie, and said that trump wants bernie to be the nominee.
who was saying this is actually a trap that's trying to scare people away from voting for bernie?  and by "trap" are you saying that secretly trump is scared of bernie, so he's trying to make people think he wants to run against bernie?  did cnn call it a trap?
i personally think trump isn't afraid of bernie because socialist! and trump (and his idiots) need a boogeyman, and this one is easy for them to remember.  i don't think that will work, and i think bernie would roll trump, but i would assume trump still thinks yelling socialism will work.  i also refuse to think trump is thinking 2 moves ahead.  even 1 move would shock me.

I understand what you are saying and I'm with you on Pete but spend some time east of the 405 and you might have a different take.

wait, what?

[bad_teammate 13132]

He absolutely IS right about the Democratic elites being terrified of Bernie and not caring about their supposed principles because a billionaire is openly buying them. What a gift to Donald this is.

A brokered convention would be a free pass to a 2nd term.

[henrygandorf 29174]

24 minutes ago, Tuco said:

Biden's people are solidly Democrat.  Bloomberg I could see, but Trump has to respond to attacks, which is pretty much Bloomberg's whole pitch. 

but if the belief is that bernie's supporters won't vote for an establishment dem, then trump should prefer biden as the nominee.  thus angering the bernie people, and having a lot of them stay home, vote 3rd party, or vote for him**

**if this is his belief, which is what you had said

[Biff Tannen 45492]

I just want to say how completely fucked it is that we are sitting here fretting about choosing the "right" nominee because 40% of this country are completely brainwashed and incompetent shitheels.  God fucking dammit.

[henrygandorf 29174]

13 minutes ago, GSU&UT said:

More data that this concern about Bernie's SoCiAliSm scare is mostly found amongst pundits and the DNC and less an actual worry among normal people.

 

i understand that this is going to be a 100 round heavyweight fight that will go in circles for the next 8 months, but here's what people need to realize:

1. this is not about whether socialism is good or bad

2. this is about whether shouting socialism will work for trump

when people (or pundits) complain about socialism being a part of the platform, it's mostly their concern over point #2 above, not about #1.  they could give a shit about policy.  they're worried that it's giving trump an effective button to push in the election process.  the problem is either that people don't have a firm grasp on this, or they just can't tell the difference. 

[DCA_HORN 725]

i understand that this is going to be a 100 round heavyweight fight that will go in circles for the next 8 months, but here's what people need to realize:
1. this is not about whether socialism is good or bad
2. this is about whether shouting socialism will work for trump
when people (or pundits) complain about socialism being a part of the platform, it's mostly their concern over point #2 above, not about #1.  they could give a shit about policy.  they're worried that it's giving trump an effective button to push in the election process.  the problem is either that people don't have a firm grasp on this, or they just can't tell the difference. 

I guess my point is number 2. It will absolutely work for trump.

[GSU&UT 1798]

Just now, henrygandorf said:

i understand that this is going to be a 100 round heavyweight fight that will go in circles for the next 8 months, but here's what people need to realize:

1. this is not about whether socialism is good or bad

2. this is about whether shouting socialism will work for trump

when people (or pundits) complain about socialism being a part of the platform, it's mostly their concern over point #2 above, not about #1.  they could give a shit about policy.  they're worried that it's giving trump an effective button to push in the election process.  the problem is either that people don't have a firm grasp on this, or they just can't tell the difference. 

Like we've mentioned, #2 has been less and less effective even if this time it's someone who calls himself a Democratic Socialist. Bernie isn't an unknown quantity at this point, it's not like hundreds of thousands of people are suddenly going to only hear about him and his political leanings after the Convention.

It is, yes, quite possible suburban white fats are going to be scared of Bernie and that could very well cost him their votes, but every single one of the candidates running has some kind of baggage that is going to hurt turnout somewhere.

[GW Hayduke 1952]

A platform labeled “Socialism” in Texas is a losing platform. 

That is plain as day for anyone that knows the state.

It might work in the Midwest or other places, but not Texas.

You might as well run under the platform of “population control” or “bureaucracy.” 

[Todd Gack 431]

7 minutes ago, henrygandorf said:

i understand that this is going to be a 100 round heavyweight fight that will go in circles for the next 8 months, but here's what people need to realize:

1. this is not about whether socialism is good or bad

2. this is about whether shouting socialism will work for trump

when people (or pundits) complain about socialism being a part of the platform, it's mostly their concern over point #2 above, not about #1.  they could give a shit about policy.  they're worried that it's giving trump an effective button to push in the election process.  the problem is either that people don't have a firm grasp on this, or they just can't tell the difference. 

I get this, 'cause I had a similar concern w/ Liz telling people taxes would go up to pay for M4A.  It may not have mattered that their overall costs would go down, the "She'll increase your taxes!!" button would've been pushed over and over, in ad after ad.

With Bernie, I think he'll do a good job owning the label.  His demeanor won't change.  He won't stutter.  He'll calmly explain what it means to be a democratic socialist and he'll provide context.  And I really hope he asks trump point blank at the first debate, "Donald, what is the definition of socialism."  Then he can immediately hit him with the farm bailouts.

[henrygandorf 29174]

4 minutes ago, GSU&UT said:

Like we've mentioned, #2 has been less and less effective even if this time it's someone who calls himself a Democratic Socialist. Bernie isn't an unknown quantity at this point, it's not like hundreds of thousands of people are suddenly going to only hear about him and his political leanings after the Convention.

It is, yes, quite possible suburban white fats are going to be scared of Bernie and that could very well cost him their votes, but every single one of the candidates running has some kind of baggage that is going to hurt turnout somewhere.

once again, i'm not making the argument that it will or won't work, and given all the other dirty tricks that will be employed between now and november, we may never fully know.

what i'm saying is that there are several arguments going around like:

person 1 - i like bernie, but i worry about him because he's a socialist.

person 2 - the stuff bernie wants is the right stuff though - he has the best ideas about healthcare, climate change, free college, etc.

these people are not actually arguing with each other.  they're making completely separate points.  for all the people on here (and everywhere else) who argue that bernie/socialism is the best because of progressive policy and smart ideas, you need to realize that others aren't making the opposite argument.  or if they are, it's not for the reasons you think (even if they can't tell the difference).

bernie makes me personally nervous because socialism is something trump will certainly weaponize (it's already happening) and i'm all about beating trump.  nothing else about bernie makes me personally nervous as a voter, and i think he gives us a great chance to win (as do 2-3 other dems thank god).

like many things in politics, it's not about two contrasting answers to the same question, it's about deciding which questions are and aren't important to begin with. 

[henrygandorf 29174]

also, for the whole narrative that trump is "propping up bernie" - he spent chunks of the state of the union shitting all over socialism, so i don't much buy the consistency of this.

[bad_teammate 13132]

Liberals: "Russians are constantly trying to destroy our democracy through kompromatdisinformatskaya and socks and bots and troll farms! You can't trust anything you see online, especially on social media where it's so easy to fake stuff and pretend."

Bernie: "I can't even know for sure that some of the stuff supposedly coming from anonymous supporters online is even real."

Liberals:

 

 

[Zonahorn 8079]

Bloomberg and Biden are gonna fuck each other over. Glorious 

 

Also Like the look of Maine

 

 

[Fozzz 152]

Republicans convinced a majority of voters that Obama was a socialist and somehow that did not stop him from winning reelection.  

[Zonahorn 8079]

 

Must. Crush. Midget. Billionaire.

[Zonahorn 8079]

SO MANY POLLS

[Cheeseweasel 26437]

[Zonahorn 8079]

2 minutes ago, Cheeseweasel said:

BRB, gonna go do some research

[Zonahorn 8079]

All kinds of good stuff in this thread

 

[Js1 85104]

I'm sorry but this is too big to just bury

Quote

Hypothetical matchups for just the states of AZ, CO, FL, ME, MI, MN, NV, NH, NC, PA, WI (combined): Biden 52%, Trump 44%

Sanders 49%, Trump 48%

Bloomberg 48%, Trump 46%

Klob 48%, Trump 47%

Buttigieg 47%, Trump, 47%

 

[Hank Kingsley 20680]

24 minutes ago, Fozzz said:

Republicans convinced a majority of voters that Obama was a socialist and somehow that did not stop him from winning reelection.  

2008 was 500 years ago.