Anonymous wrote:They should get rid of ALL deductions for home ownership. Taxpayers shouldn't be subsidizing anyone's personal choices for lifestyle. You bought an expensive house, so deal with the costs. No free tax breaks for you.

Let the blue states keep raising taxes. Residents flee to red states and turn them blue, soon enough.

I will wage a campaign, Churchill-like, focused on one thing, and one thing only: raising the SALT deduction!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

That’s correct, the stock market is not the economy and yes Trump inherited a good economy so yes his arguments were all smoke and mirrors. I’m not denying the economy was good, I just don’t think Trump really did anything to improve it. The main driver under Trump was increased Federal spending, but that’s largely driven by democrats. It would have been great if we spent that money back in 2010/2011 instead so that the economy would have rebound faster. Republicans purposefully slowed recovery because it helps them politically. Expect them to do the same if Biden wins.

WAT???

If you have to ask, look at the hassle Obama got for trying to pass the stimulus that the Tea Party kept reigning in and limited. There is a reason the growth over Obama's term was considered "anemic" - and then compare that to the floodgates opened by the same "fiscal conservatives' for the tax cut and now this stimulus. Fiscal conservatives in name only.

Consider this... the Stimulus was 2.3 TRILLION dollars. There are 100 million eligible working adults in the US. so that should come out to $23,000 per adult or $46,000 per couple. Instead, each received $1,200. Corporations and billionaires received the rest.

You really have to have forgotten about history. Let me remind you about the things we did under the Obama Administration (and the end of the Bush Administration):

PDCF
TSLF
TAFAMLF
various swap lines
a temporary guarantee for money market funds
various supplemental financing programs
CPFF
MMIFF
Maiden Lane
Maiden Lane II
Maiden Lane III
TALF
direct purchases of MBS from the GSEs
allowing various investment banks to become "bank holding companies"
recripocal currency agreements
TLGP
QE
QE Lite
QE2
QE3


I don't endorse any of it. I'm just reminding you of ACTUAL history.

You forgot ARRA, which is the think PP was actually talking about and was opposed by almost all Republicans.

Anonymous wrote:

Anonymous wrote:You do realize currency gets it's value from scarcity, correct? Have you seen rising prices on products and services and shrinking packaging? What will you do when a loaf of bread goes to $30?

Inflation was already low and demand is way down. $30 bread is not a real concern right now.

Do you only act on things that are a concern now? Is that how you want to live? Crisis to crisis? I assure you, inflation is NOT low.

Don't give me the massaged govt numbers with seasonal adjustments, CPI numbers that are bogus, "creative substitution", "hedonic depreciators" and other nonsense. They keep the inflation numbers artificially low (they lie) so they won't have to pay COLA adjustments.

If you aren't seeing thru the smoke, you need to educate yourself a little.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

That’s correct, the stock market is not the economy and yes Trump inherited a good economy so yes his arguments were all smoke and mirrors. I’m not denying the economy was good, I just don’t think Trump really did anything to improve it. The main driver under Trump was increased Federal spending, but that’s largely driven by democrats. It would have been great if we spent that money back in 2010/2011 instead so that the economy would have rebound faster. Republicans purposefully slowed recovery because it helps them politically. Expect them to do the same if Biden wins.

WAT???

If you have to ask, look at the hassle Obama got for trying to pass the stimulus that the Tea Party kept reigning in and limited. There is a reason the growth over Obama's term was considered "anemic" - and then compare that to the floodgates opened by the same "fiscal conservatives' for the tax cut and now this stimulus. Fiscal conservatives in name only.

Consider this... the Stimulus was 2.3 TRILLION dollars. There are 100 million eligible working adults in the US. so that should come out to $23,000 per adult or $46,000 per couple. Instead, each received $1,200. Corporations and billionaires received the rest.

You really have to have forgotten about history. Let me remind you about the things we did under the Obama Administration (and the end of the Bush Administration):

PDCF
TSLF
TAFAMLF
various swap lines
a temporary guarantee for money market funds
various supplemental financing programs
CPFF
MMIFF
Maiden Lane
Maiden Lane II
Maiden Lane III
TALF
direct purchases of MBS from the GSEs
allowing various investment banks to become "bank holding companies"
recripocal currency agreements
TLGP
QE
QE Lite
QE2
QE3


I don't endorse any of it. I'm just reminding you of ACTUAL history.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You do realize currency gets it's value from scarcity, correct? Have you seen rising prices on products and services and shrinking packaging? What will you do when a loaf of bread goes to $30?

Right now, we have a reduction in demand but the products still exist. This will cause prices to fall. Creating more money right now will stabilize prices.

LOL WUT?

How will creating more money stabilize the prices?

What do you mean, "stabilize"?

I'm not sure why you think this is funny. Like I said, this is Keynesian economics. It's been around for 90 years. It's what the New Deal is all about. But it's also exactly how WW II ended the Depression, how we went from unemployment to labor shortage, and Keynes said long before WWII that war could do exactly that.

Keynes was only half-believed at the time, which is why most countries were not willing to spend the huge sums needed to really end the Depression. So go study the theory and the history, then come back and critique it. Don't just laugh it off.

After WWII, the economy grew through pent up demand for more modern automobiles, housing, appliances, etc. These are all goods.

Today, what do we have? An over abundance of housing, furniture, automobiles, modern appliances and electronics, etc. You say housing? Yes, housing, overall in the entire country, housing is in oversupply. If you want to live in the middle of a big city, it's not, but that choice of where to live is up to you.

Everything else is in over supply. So much so, that much of it is a cheap commodity. Yeah, the newest, latest and greatest TV and iPhone really are a commodity.

We've moved from goods oriented (product) to service oriented which are mostly paper pushing middlemen, actually. Plumbers and electricians do front line work, but they have ten people behind them "supporting" them with administrative tasks that really push up the price, but really don't add much.

How in the hell are you going to "stabilize" automobile prices when they're extremely plentiful? So plentiful, that they're hiding them in back lots everywhere where no one can see them. I can't use the labor of a factory worker when the dealerships are full to the brim with cars. You can print dollars. Can you print chickens and chairs, tables and electricity?

There'a a metric shit ton of demand destruction going on today. Your "New Deal" won't work, especially when it's really about destroying the USD by devaluing it. Pump and dump the fed with helicopter money and you'll have too many dollars chasing too few goods. That leads to inflation and kills those on fixed income, but please don't wall paper it over with politically correct terms like "stabilizing prices". It's a BS term. Don't lecture me on Keynes. Do you really think you're the only one in the world who knows about John Maynard Keynes?

Anonymous wrote:

Anonymous wrote:

That’s correct, the stock market is not the economy and yes Trump inherited a good economy so yes his arguments were all smoke and mirrors. I’m not denying the economy was good, I just don’t think Trump really did anything to improve it. The main driver under Trump was increased Federal spending, but that’s largely driven by democrats. It would have been great if we spent that money back in 2010/2011 instead so that the economy would have rebound faster. Republicans purposefully slowed recovery because it helps them politically. Expect them to do the same if Biden wins.

WAT???

If you have to ask, look at the hassle Obama got for trying to pass the stimulus that the Tea Party kept reigning in and limited. There is a reason the growth over Obama's term was considered "anemic" - and then compare that to the floodgates opened by the same "fiscal conservatives' for the tax cut and now this stimulus. Fiscal conservatives in name only.

Consider this... the Stimulus was 2.3 TRILLION dollars. There are 100 million eligible working adults in the US. so that should come out to $23,000 per adult or $46,000 per couple. Instead, each received $1,200. Corporations and billionaires received the rest.

Anonymous wrote:

That’s correct, the stock market is not the economy and yes Trump inherited a good economy so yes his arguments were all smoke and mirrors. I’m not denying the economy was good, I just don’t think Trump really did anything to improve it. The main driver under Trump was increased Federal spending, but that’s largely driven by democrats. It would have been great if we spent that money back in 2010/2011 instead so that the economy would have rebound faster. Republicans purposefully slowed recovery because it helps them politically. Expect them to do the same if Biden wins.

WAT???

Anonymous wrote:They should get rid of ALL deductions for home ownership. Taxpayers shouldn't be subsidizing anyone's personal choices for lifestyle. You bought an expensive house, so deal with the costs. No free tax breaks for you.

I agree in theory, but it would disrupt the housing market and people at all incomes would probably lose equity. They should start by eliminating deductions for second homes to target the wealthy.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You do realize currency gets it's value from scarcity, correct? Have you seen rising prices on products and services and shrinking packaging? What will you do when a loaf of bread goes to $30?

Right now, we have a reduction in demand but the products still exist. This will cause prices to fall. Creating more money right now will stabilize prices.

LOL WUT?

How will creating more money stabilize the prices?

What do you mean, "stabilize"?

I'm not sure why you think this is funny. Like I said, this is Keynesian economics. It's been around for 90 years. It's what the New Deal is all about. But it's also exactly how WW II ended the Depression, how we went from unemployment to labor shortage, and Keynes said long before WWII that war could do exactly that.

Keynes was only half-believed at the time, which is why most countries were not willing to spend the huge sums needed to really end the Depression. So go study the theory and the history, then come back and critique it. Don't just laugh it off.

They should get rid of ALL deductions for home ownership. Taxpayers shouldn't be subsidizing anyone's personal choices for lifestyle. You bought an expensive house, so deal with the costs. No free tax breaks for you.