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Cleanup in Aisle Lunatic (h/t romad1)


chasfh

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10 minutes ago, CMRivdogs said:

Is the Pillow Guy transitioning to the second coming of Paul Bearer?
 

 

This is what you would look like if you had done as much coke as the 1970s era SNL writer's room. 

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2 minutes ago, romad1 said:

This is just the most twisted bs

Its a movie guy at the White House BFD.  And...she's saying Marxists are burning down the country?  Where, specifically?

 
"Don't you feel repression just
Closing in around?
No, the campus here is very, very free..."
--Robert Lamm
 
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57 minutes ago, Motown Bombers said:

This has been a common theme of Republicans to blame things that happened in 2020 on Biden. 

Their voters are too dumb to know any better so there’s no risk. 

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Other total classics:

it was trumps fbi that told social media companies that hunters laptop was fake before 2020 election. 

It's also trumps fbi that encouraged J6 rioters allegedly 

Another one is that Trump administration started the Mueller investigation 

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14 minutes ago, Edman85 said:

I would argue blaming 2021-22 inflation on Biden is akin to blaming things that happened in 2020.

Agree, there are a lot of other things that were happening, the pandemic obviously 

but people don't remember that QE was still happening all throughout the trump presidency and that's extremely inflationary to do when it's not necessary.  He brought in tariffs (that Biden hasn't removed).  

Trump actually pressured the fed to keep QE and low rates.  No doubt inflationary.  

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27 minutes ago, pfife said:

Agree, there are a lot of other things that were happening, the pandemic obviously 

but people don't remember that QE was still happening all throughout the trump presidency and that's extremely inflationary to do when it's not necessary.  He brought in tariffs (that Biden hasn't removed).  

Trump actually pressured the fed to keep QE and low rates.  No doubt inflationary.  

The was a column in the NYT today about the Fed's efforts to unwind QE. It's going to take years to do without messing up markets. And it was pretty much a failure anyway. It bid up equity prices in a big way, and contributed hugely to the growth of house flipping and income disparity, so if that's all you measured success by the financial types can say it was roses....didn't do squat for the majority of the country.

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41 minutes ago, pfife said:

Agree, there are a lot of other things that were happening, the pandemic obviously 

but people don't remember that QE was still happening all throughout the trump presidency and that's extremely inflationary to do when it's not necessary.  He brought in tariffs (that Biden hasn't removed).  

Trump actually pressured the fed to keep QE and low rates.  No doubt inflationary.  

He was also totally on board with all the free Covid money.  He is no fiscal conservative.  Of course, he actually has no principles about anything, but one could argue that he behaved no more fiscally conservative than Obama.  

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13 minutes ago, gehringer_2 said:

The was a column in the NYT today about the Fed's efforts to unwind QE. It's going to take years to do without messing up markets. And it was pretty much a failure anyway. It bid up equity prices in a big way, and contributed hugely to the growth of house flipping and income disparity, so if that's all you measured success by the financial types can say it was roses....didn't do squat for the majority of the country.

Everything we do in this country is for the benefit of the wealthy.  Anybody who pays any attentiona at all should have figured that out by now.  The Democrats do some things here and there to keep the votes coming in but nothing substantial has been done about income disparity for decades.  

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18 minutes ago, gehringer_2 said:

The was a column in the NYT today about the Fed's efforts to unwind QE. It's going to take years to do without messing up markets. And it was pretty much a failure anyway. It bid up equity prices in a big way, and contributed hugely to the growth of house flipping and income disparity, so if that's all you measured success by the financial types can say it was roses....didn't do squat for the majority of the country.

Wow, that's crazy.  I don't have the foggiest idea how long it would take to unwind QE, that's really interesting and not suprising.  What I've always known is that QE is so so so so so much more impactful to the economy than something like a bill that purports to cost 3t even if it does inject a huge portion of that into the economy.

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31 minutes ago, Tiger337 said:

Everything we do in this country is for the benefit of the wealthy.  Anybody who pays any attention at all should have figured that out by now.  

The greed of the wealthy will always exceed the need of the poor.

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55 minutes ago, pfife said:

Wow, that's crazy.  I don't have the foggiest idea how long it would take to unwind QE, that's really interesting and not suprising.  What I've always known is that QE is so so so so so much more impactful to the economy than something like a bill that purports to cost 3t even if it does inject a huge portion of that into the economy.

The problem is that you get what you measure. The political system is conditioned to look at GDP, and things like QE can keep GDP churning up, but GDP is a crappy measure of the nation's economic well being because all the money flowing to the 1% (more like 0.1% even in the case of QE) drive aggregate numbers up while the majority of the population is losing ground. That's been pretty much the story since Reagan and took a turn even worse after the 2008 crash. Biden is the 1st admin since 1980 that actually has people trying to formulate policy differently, and he's trying to do it in the context of a gridlocked Congress - so they're stuck mostly doing infrastructure and tinkering at the margins on issues like non-compete agreements, etc., 

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