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Posted
11 minutes ago, David Dennison said:

Anyone who watched him on Letterman in the 80s should have known better.

Or listened to him on Stern.

Posted
1 hour ago, Ghost of LL said:

Because it's something that intuitively makes sense.  If you put capital back in the hands of the investing classes, it will be invested in such a way as to generate economic activity and all that comes with it (e.g., jobs).

Eh, It is certainly makes intuitive, logical sense stripped of any context (see below), but the caveats you would have to erect around are so numerous and interdependent that it would take a couple thousand words to even gloss the conditions when that would be a true statement. Otherwise the whole idea is just a shuck and jive and that’s been well established for 50+ years. It’s “Voodoo.”

even just the word “back” as used above is hugely problematic without conditions. 

and I don’t blame you btw, that’s why I asked about an economic vocabulary.  


 

1 hour ago, Ghost of LL said:

And let's just be real honest about this--it's a theory that did work at earlier points in our history.  Kennedy's tax cuts in the early 1960s are widely credits with spurring economic growth. 

Again, highly conditional. Marginal rates were super high (which you alluded to later), and the economy was stagnant, but more importantly we were literally on a completely different and much more restrictive monetary system. Again, it’s an intuitive comparison only if you don’t know or think about the fact that we literally don’t use the same money that we used then. 
 

1 hour ago, Ghost of LL said:

Reagan's are more controversial, but they also are credited with causing an economic expansion.

They aren’t controversial in economic circles. Nobody disputes that stimulus stimulates, and also nobody other than crackpots and politicians dispute that debt-funded stimulus during expansions that are directed towards asset price support doesn’t pay for itself via job creation or revenue. in other words, it’s just a tax on future productivity. That’s been understood for 50 years, outside of Republican politics. It was even understood in the Reagan White House. 

1 hour ago, Ghost of LL said:

The difference is that by the 2000s, there are two many other investment options and strategies such that the capital didn't necessarily go to economic expansion in the United States. 

Nope, it was asset prices the whole time- that’s why you could have a massive monetary expansion without cpi/ppi inflation. The vast majority never went into jobs. Had it gone into jobs, inflation would have been more of a problem from the 80s-2010’s

And that’s also why, btw, you saw a huge inflation spike when they did put the money in worker’s hands in 2021, combined with a supply shock. You had a bunch of money chasing not enough stuff, so prices adjusted, the unemployment rate dropped to nearly zero, and the economy boomed.

Like I said- it’s a shuck and jive. And they knew it at the time- this was crackpot stuff prior to Reagan, which is why Bush and old school fiscal conservatives were so horrified by it. But it was politically potent if you don’t know any better, and still is. 

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Posted
4 hours ago, TwiceHorn said:

Well, he remains the self-interested, arrogant sumbitch he revealed himself to be during the M$ antitrust trial.

And he's not giving until it hurts.  His wealth continues to grow, very intentionally.

That means he’s no saint. It doesn’t mean he’s a dumbass. I don’t know where Hank is coming from with that. 

Posted
17 minutes ago, Clintonaldo said:


Well, I do get called gay slurs a lot when riding my bike so it checks out. Nothing is gayer than taking care of yourself.

People that do that (bolded) are really stupid. The correct comment when passed/passing by a cyclist is "Refund! Refund!"

IYKYK.

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Posted
People that do that (bolded) are really stupid. The correct comment when passed/passing by a cyclist is "Refund! Refund!"
IYKYK.

No one passes me on another bike! A few years ago I was riding with a buddy when some roofers started talking shit so I turned around and confronted them. They weren’t that tough when challenged.
Posted
3 hours ago, Ghost of LL said:

Reagan's are more controversial, but they also are credited with causing an economic expansion.

“Credited with” doesn’t mean “responsible for.” Maybe lower oil prices and massive deficit spending by the government had something to do with, for a little while.

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Posted
1 hour ago, Clintonaldo said:


Well, I do get called gay slurs a lot when riding my bike so it checks out. Nothing is gayer than taking care of yourself.

Well thank God I’m a slovenly pig. 

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Posted
5 hours ago, Bozo_Casanova said:

At least we had some good movies. I honestly think the reason why Gen Xers like Trump more than other cohorts is because when we were growing up and becoming adults, Donald Trump was the brand most synonymous with money and success, fed to us since childhood. We grew up with him and at one point or another we all got sucked into that belief or took it for granted, at least a little. Tough to deprogram that. 

Yeah but that one swimmer 

Uh, I have thought Donald Trump was an assclown from jump.  I have a pathological hatred for self-promoters, though.

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Posted
7 minutes ago, TwiceHorn said:

Uh, I have thought Donald Trump was an assclown from jump.  I have a pathological hatred for self-promoters, though.

Right, like when was this guy not a gigantic egomaniacal piece of shit?

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Posted
The regime is fine with this, a more isolated and poorer America is more pliant. 

All democrats have to do is show stuff like this for the next election and the voters will finally listen.



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Posted
6 hours ago, Bozo_Casanova said:

At least we had some good movies. I honestly think the reason why Gen Xers like Trump more than other cohorts is because when we were growing up and becoming adults, Donald Trump was the brand most synonymous with money and success, fed to us since childhood. We grew up with him and at one point or another we all got sucked into that belief or took it for granted, at least a little. Tough to deprogram that. 

GenX here. I don’t agree that many in the 80s or 90s really thought Trump was much more than a self aggrandizing fool. I knew a few conservative types (think someone who looked up to Alex P Keaton) who referred to him as The Donald.

trump was never someone that deserved any respect. I would have effectively said the same in 1990.

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Posted
37 minutes ago, Nice Guy Eddie said:

GenX here. I don’t agree that many in the 80s or 90s really thought Trump was much more than a self aggrandizing fool. I knew a few conservative types (think someone who looked up to Alex P Keaton) who referred to him as The Donald.

trump was never someone that deserved any respect. I would have effectively said the same in 1990.

I used to call him The Donald.  It was a term of contempt derived from Ivana's pidgin references to him.

Posted
Yeah but that one swimmer 

Hard disagree. I’m 52 and have always thought Trump was a blowhard assclown. I will admit to enjoying The Apprentice when it started but I never held him in much regard ever. That said, I had no idea in 2016 he would become what he became.
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Posted
1 hour ago, Nice Guy Eddie said:

GenX here. I don’t agree that many in the 80s or 90s really thought Trump was much more than a self aggrandizing fool. I knew a few conservative types (think someone who looked up to Alex P Keaton) who referred to him as The Donald.

trump was never someone that deserved any respect. I would have effectively said the same in 1990.

My grandmother gave me the trump board game for my birthday, I've hated him ever since

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Posted
10 hours ago, Clintonaldo said:


All democrats have to do is show stuff like this for the next election and the voters will finally listen.



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Literal LOL at "next election."

It's cool that we're all keeping our sense of humor.

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Posted

I read The Art of Deal when I was in high school and thought he was full of shit back then.  It was evident then that he was riding his Dad's money and was not a great business mind.  But then again, I have can use both thumbs and breath through my nose.   Unlike most idiot Americans.

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Posted (edited)
21 hours ago, Schulz2.0 said:

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I had a French physician as a patient yesterday who asked if we were hiring because she loves Hawaii and the job seems cush. I asked if she REALLY wanted to be part of the US shit show right now…..she hit me with an LOLNO

Edited by Hank_Hill
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Posted
2 hours ago, Hank_Hill said:

I had a French physician as a patient yesterday who asked if we were hiring because she loves Hawaii and the job seems cush. I asked if she REALLY wanted to be part of the US shit show right now…..she hit me with an LOLNO

Curious, is Oahu feeling the insanity as much at the mainland? I know the tariffs will for sure, but culturally? 

Posted
12 minutes ago, Hermanator said:

Curious, is Oahu feeling the insanity as much at the mainland? I know the tariffs will for sure, but culturally? 

I’m on Maui so smaller scale but I haven’t noticed much here honestly. Saw one trump flag during all of election season and that was only the day after he won it. The hands off rally here showed me old whites out here are pissed about their 401k/SS that’s for sure. 

Posted

When I was on Oahu last year it was like a 2 week vacation from trumpy bastards that are a dime a dozen here in Texas. Didn't think about it all once. Hoping it stays that way there. 

Posted
18 hours ago, Underdog said:

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Yeah, right now it feels like future "elections" will be about as free and fair and some of his recent "golf championships".



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