Economy I <3 how (R)s just awkwardly ignore conversations about economics and their track record on it

Gee golly gosh, you sure must hate it when the the 1% own an increasing share of wealth!!

So tell me again about how the trump tax cuts and PPP loan cancellation are good things?
Not even sure what that was supposed to prove. Was Holmes suggesting that Democrats had full control over policy from 1989 to 2016 (or that policy enacted in those years determined the results?)?

Interestingly, though, a better measure (wealth share of the 50th-90th percentiles) tends to be countercyclical. Falls in good times, rises in bad times because of the nature of wealth ownership (when markets fall, the rich take a bigger hit, and when the middle class is seeing wealth rise relative to the whole, it usually suggests some kind of bubble). If you look at the share held by the bottom 50%, it's been rising steadily since 2011 and is back to the levels of the early Aughts.
 
Gee golly gosh, you sure must hate it when the the 1% own an increasing share of wealth!!

So tell me again about how the trump tax cuts and PPP loan cancellation are good things?
The picture you are looking at is before Trump's tax cuts and the PPP loan bill was a democrat bill, most republicans did not vote for it.
 
Canada has had 4 years of Conservative majority vs 15 years of Liberal majority in the last 31 years. And there has usually been a de facto majority left-wing voting coalition in the years no one party had a majority. Like presently with the Liberals + NDP.

So we have almost had a left wing monopoly on federal policy for over 3 decades and our economy is tanking.
 
Gee golly gosh, you sure must hate it when the the 1% own an increasing share of wealth!!

So tell me again about how the trump tax cuts and PPP loan cancellation are good things?
This shows a good graph with percentages of wealth ownership.

https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#quarter:137;series:Net worth;demographic:networth;population:1,3,5,7,9;units:shares

The wealth owned by the bottom 50% went from 1.5% in Q4 2017 (when the tax cuts went into effect) to 2.5% now, and the wealth owned by the top 10-50% range went from 28.4% to 30.6%. Since the tax cuts were enacted, the bottom 90% of wealth percentile groups gained 3.2% of the overall share of wealth. The major losses were from the 10-0.1% percentile group.

You can view other measures as well, not just wealth, but income, age, race, etc.

For example, since the Trump tax cuts, wealth owned by people under 40 went up by 1.8% of total wealth.
 
Last edited:
Gee golly gosh, you sure must hate it when the the 1% own an increasing share of wealth!!

So tell me again about how the trump tax cuts and PPP loan cancellation are good things?
Uh that graph shows the 1% doing very well under Obama. Do you need training wheels to continue this discussion?
 
"The economy does well under both parties,"

O rly? Like in human terms? Or in terms of "big number = good "?

Name me one quality of life indicator that the US has ranked top 5 in, in the last 15 years
Big numbers and quality of life for the top Quintile - i dont really give a shit about below that. PPI the US currently ranks 5th and 3rd in property price to income ratio - as for the past 15 years:


The US ranks well within the top 10 globally in several categories consistently -- and if you were to chart, probably in the same standard deviation within the majority of the top 5 in many indicators.
 
Last edited:
"The economy does well under both parties,"

O rly? Like in human terms? Or in terms of "big number = good "?

Name me one quality of life indicator that the US has ranked top 5 in, in the last 15 years
imagine saying this?? it really sounds like you have never left the US before lol??
 
I'll give a detailed response here, and then I'm off to get some lunch and run some errands.
Your theory is that people vote for far-right candidates because ... they're leftists? If that's too simplistic, please try to clarify.
Huh? I'm assuming you're referring to my reply to that other poster, elaborating on how the one-party US state leads to fascism? If this was your takeaway from that post, I'm left to decide whether you're being deliberately obtuse or if I'm far too charitable re: your intelligence. No, people don't vote for far-right candidates because they're leftists. Although that actually is a thing that exists, accelerationists, but that's not what I was getting at, at all. That's a tiny demographic. You're probably the only person on this board that had that takeaway from that post.

The point was that if there's no party that has the political will and power to actually address society's material needs and problems, the resulting and ongoing degradation of people's material conditions, radicalizes people to the right by encouraging them to seek solutions outside of seeking recourse for their material concerns (again, because means of seeking recourse for their material concerns have been eliminated), i.e. - Jews/Black folks/LGBT/immigrants/women/globalists are too blame for all of society's ills, not the economic system. And this isn't even Marxist political theory my guy - this is mainstream political and sociological theory. Degrading material conditions = society becomes more radicalized. That is mainstream, empirical sociology and empirical political science.

Tell me - what is your explanation for why the far-right is growing in the US? I know you're an idealist, not a materialist, so my assumption is that your answer will be "oh its because the wrong ideas are spreading around more than the good ideas are." If you think the economy is doing great, and things are better than ever before, then you have a gigantic hole in your analysis that needs to be explained - why is fascism/the far right growing in the US if things are better than ever before? I'm all ears. Oh, oh, bonus points if you can give me the same explanation for what happened in Weimar, Germany. Just another case of those pesky bad ideas spreading more than the good ideas? Or, like every other political scientist and political historian, do you recognize that the bad material conditions for citizens of the Weimar Republic, combined with the liberal party's unwillingness to address them while simultaneously making concessions to the fascists (gee, this part really sounds familiar to me, but I can't quite put a finger on why) lead to the rise of Hitler? Thanks.
My theory is that they vote for people whose overall image lines up with what they want. Further, the factual premise is just way off. There are significant differences between the parties and material conditions have been increasing pretty much non-stop for >150 years.
These significant differences only relate to domestic social issues. And while those do matter, of course, I'm saying they're significant, it still leaves Democrats and Republicans aligned on ~95% of foreign policy and economic issues.

Really extensive analysis and papers have been written on the near total alignment between the Republican party and the Democratic party. But, hey, fuck the analysis from academic papers - how about you just look at their actual voting records and see their near unanimous consent on economic and foreign policy? The track record is there for everyone to see. Both parties support exploitation of the 3rd world. Both parties voted for the Iraq war. Both parties support doing coups in nations that won't allow Western capital access to their markets. Both parties do not support single payer healthcare. Both parties do not support tuition free college. Both parties do not support a nationwide effort to eliminate homelessness. Both parties do not support increasing minimum wage to a living wage, or at all. Both parties do not support a nationwide government effort to increase the housing supply.

How are you going to sit here and lie to me and everyone else that the Dems and Republicans aren't at least 90% aligned, when the voting and policy record is publicly available information, and when extremely credible academics have been writing extensive analysis pointing out the alignment between the two parties, for decades?
No, I'm certainly exposed to that point of view. It's wrong, though, as mainstream politics differs a bit from country to country, but all attempts to quantify this show Democrats being a pretty normal mainstream left party in a developed country--to the left of the norm in a lot of ways.
Source - trust me bro.

Of course, the reality is the opposite of what you're saying. Virtually all of the common hallmarks and qualifying indicators of a left party, are absent from the democratic party. The democratic party does not support UHC as a matter of course, as virtually all other left parties do. The democratic party does not support guaranteed paid family leave as a matter of course, as virtually all other left parties do. I could go on.

Your above quoted statement was a convoluted way of saying "yes, the dems are a left party because relative to their country, they are to the left of their opposition, therefore, they're a left party". But like, no, there is no universe in which that's how politics work. Being a left party or right party isn't based on a relative position. There is no humanities department on earth that teaches that. It's based on the actual political positions and policies that the party supports.

Hypothetically, based on what you're saying, if you have a country where there is a "Kill all minorities" party and a "kill most of the minorities" party, you're saying that the "kill most of the minorities" party is a left party, because they're to the left of the "kill all minorities" party. No. Both are fascist right-wing parties.
The argument is based on A) incoherent definitions of the spectrum and B) assuming that the product of legislation reflects the preferences of Democrats only. So, like, people look at gov't-provided healthcare in different countries, ignore the extent to which the U.S. provides it, and ignore other issues (like the U.S.'s unusually progressive taxation system and generous old-age pension), and declare Democrats to the right because we don't have the most progressive healthcare system.
It's pretty revealing, and only reinforces my point, that the only things that you can point to that are actually left policies in the US, are the legacy remnants of mid 20th century Democratic policy, back when they actually were a left party. Progressive taxation, social security, medicare/medicaid - you're talking about policies that were passed decades ago. Policies that are constantly being undermined and attacked by both parties.
Well, again, it's actually an empirical question rather than a theoretical one.
You're intelligent enough to know the difference between theory in an academic sense, and theory in common parlance. Again, are you being obtuse or am I far too charitable re: your intelligence? There is no dichotomy between the theoretical and empirical.

For curious onlookers, or maybe Jack too if he genuinely doesn't know - in science, a "theory" doesn't mean the same thing as how people use the word in day-to-day conversations. In science a theory is not a "guess" to attempt to explain something (that's a hypothesis). In science, a "theory" is something that's actually multiple levels above what you'd describe as "true". A theory is something that's so true, you can develop models based off of it, that can accurately predict things that haven't happened yet. So, you can use theory to accurately predict things that haven't happened yet, and then you use empirical data to validate the accuracy of those predictions.

I believe Jack knows perfectly what theory is in science, but he may be under the misconception that that only exists in material/hard science and does not exist in social sciences. I assure you that theory and predictive modeling validated via empirical data does exist in the social sciences. Let's see if we can enlighten Jack on this.
Is that kind of thing really necessary? I've been posting here a while, and I think if there's one thing that's clear about me, it's that I don't see politics as a matter of tribalism.
Eh, you're right.
I mean, getting policy actually done requires coordinated efforts so I think the theory of voting as an expression of your personal brand is silly, but look at this thread. As I pointed out, I'm the only person who made any effort to defend the GOP record.
To the bolded - yes, I agree.
And when you redefine "fascist" like that, it loses any ability to communicate anything except your own affect.
I haven't redefined it. I am going off of mainstream scholarly definitions of fascism. When you're a Yemeni or Palestinian toddler getting vaporized by American bombs, it makes no difference whether it was an R or a D that signed the weapons deal - they're both fascists to you. I feel like you have a diminished capacity for empathy (just searching for explanations here), which is why you're so dismissive of economic conditions here in the states, and why you seem to give no mind to the murderous bloodthirsty foreign policy of our country. Unfortunately for you though, that reality still exists, and any serious person is going to factor that stuff into their analysis. You don't just get to hand-wave away the literal millions of innocent people that have been butchered at the hands of our government, with the support of democrats.
@blackheart, I think I recognize part of the issue. You probably recently-ish read stuff by Chomsky written in the '90s that was at least defensible then (though Chomsky is generally pretty unreliable), following a rightward move by Dems after they were absolutely crushed in three straight presidential elections. But since the '90s, there has been a big leftward move. I think Chomsky is a major source of bad takes on the left generally.
I mean, you're free to have that opinion about Noam. A few things though - A) I've been reading Chomsky for years. B) when you consider that he's the most widely cited living academic and the third most cited all time, you're basically just engaging in anti-intellectualism by saying "everything from this guy is bad, categorically, because I say so". That's anti-intellectualism. But Noam doesn't exist in a vacuum, his political analysis is widely cited throughout academia and the world and is incorporated into and expanded upon by the political analysis of many other top academics and scholars. So really, it's just another layer of the anti-intellectualism that you're engaging in - "oh all of your analysis must be coming from this one guy". Oh, well no. If you want to categorically dismiss Chomsky, then ok, I'll just go and cite one of the other elite scholars whose political analysis also aligns with what I'm saying.

I never mentioned Chomsky once though, so this was likely just a backhanded throwaway comment by you.
 
Last edited:
Not even sure what that was supposed to prove. Was Holmes suggesting that Democrats had full control over policy from 1989 to 2016 (or that policy enacted in those years determined the results?)?

Interestingly, though, a better measure (wealth share of the 50th-90th percentiles) tends to be countercyclical. Falls in good times, rises in bad times because of the nature of wealth ownership (when markets fall, the rich take a bigger hit, and when the middle class is seeing wealth rise relative to the whole, it usually suggests some kind of bubble). If you look at the share held by the bottom 50%, it's been rising steadily since 2011 and is back to the levels of the early Aughts.

This isn't hard man. Why are we getting wrapped around the spokes on ABC shit like this? You woke up today and decided you're going to be as obtuse and uncharitable as humanly possible.

He posted a graph showing that the share of wealth controlled by the top 1%, is growing, and he's saying that it's a bad thing that has resulted from democratic policies.
Simultaneously, he supports the very same policies that are directly causing the share of wealth controlled by the 1%, to grow - i.e. the Trump tax cuts, and PPP loan cancellation

You really don't see the hypocrisy and incoherence?

"I really really hate all these flies buzzing around my backyard!!!!"
"Man...I sure love leaving my uneaten food and my feces out in my yard"

Yeah that makes sense.
 
I'll give a detailed response here, and then I'm off to get some lunch and run some errands.

Huh? I'm assuming you're referring to my reply to that other poster, elaborating on how the one-party US state leads to fascism? If this was your takeaway from that post, I'm left to decide whether you're being deliberately obtuse or if I'm far too charitable re: your intelligence. No, people don't vote for far-right candidates because they're leftists. Although that actually is a thing that exists, accelerationists, but that's not what I was getting at, at all. That's a tiny demographic. You're probably the only person on this board that had that takeaway from that post.
First guy: "Really I think it just highlights that suppression of socialist alternatives to capitalism inevitably leads to the rise of the far right, some demagogue claiming to be anti establishment whilst in reality being up to his neck in corrupt establishment ties."

You: "
When people feel that they have absolutely no way to address their material concerns and conditions through their vote and elected representatives, you are cutting off society's pressure release valve. It's supposed to be: things are bad => people vote to make things better => things get better => pressure is released and homeostasis is achieved => the cycle restarts

But instead you have a one-party state with two different branches - the doomsday fascists and the incremental soft fascists. So people have nowhere to turn to with their vote to actually address their material conditions. So then the cycle just becomes: things are bad => people vote in 1 of the 2 branches of the fascist party => things get even worse => people become more angry/violent/discontent/radicalized, because things are bad and getting worse => people vote in 1 of the 2 branches of the fascist party => things get even worse => etc., => etc."

Sounds to me like you're suggesting that the left isn't extreme enough so they vote for the far right. Which does sound too obviously bad to be your position, which is why I invited you to explain.

The point was that if there's no party that has the political will and power to actually address society's material needs and problems, the resulting and ongoing degradation of people's material conditions, radicalizes people to the right by encouraging them to seek solutions outside of seeking recourse for their material concerns (again, because means of seeking recourse for their material concerns have been eliminated), i.e. - Jews/Black folks/LGBT/immigrants/women/globalists are too blame for all of society's ills, not the economic system. And this isn't even Marxist political theory my guy - this is mainstream political and sociological theory. Degrading material conditions = society becomes more radicalized. That is mainstream, empirical sociology and empirical political science.
But that's just a windier way of saying the same thing, no? If Democrats moved to the left, they'd somehow get more votes from rightists. As I said, that sounds insane--taking a normal tendency people have to think of their own views as being more common than they are, adding a bunch of epicycles and coming up with a funhouse version of reality.

Tell me - what is your explanation for why the far-right is growing in the US? I know you're an idealist, not a materialist, so my assumption is that your answer will be "oh its because the wrong ideas are spreading around more than the good ideas are."
First, I don't necessarily buy the premise. Trump's wins (in the 2016 nomination contest and presidential election) were largely a result of rhetorical moderation (suggested progressive changes in taxes, promised no cuts to entitlements, presented as liberal on foreign policy, promised an expansion of gov't-provided healthcare), and he was perceived as the more-moderate candidate by most general-election voters. The fact that his actual governance was far to the right of his rhetoric just shows that people got conned, and his attempts to scrap democracy to stay in power is more of a personal quirk (and I think a lot of rightists would have supported similar efforts by W if it were necessary). The increasing disconnection from objective reality is a function of widespread rightist mistrust in neutral information sources along with alt-info spheres that promote false beliefs.

If you think the economy is doing great, and things are better than ever before, then you have a gigantic hole in your analysis that needs to be explained - why is fascism/the far right growing in the US if things are better than ever before?
See above. There's no hole.

These significant differences only relate to domestic social issues. And while those do matter, of course, I'm saying they're significant, it still leaves Democrats and Republicans aligned on ~95% of foreign policy and economic issues.
This is very false. The key issues in the upcoming election center around the expiration of the TCJA and the pending SS trust fund exhaustion. The two parties could not be further apart on them.
Really extensive analysis and papers have been written on the near total alignment between the Republican party and the Democratic party. But, hey, fuck the analysis from academic papers - how about you just look at their actual voting records and see their near unanimous consent on economic and foreign policy?
:) You're just kind of making this up. Obviously anyone who pays attention knows there's a huge difference in economic and foreign policy.

Your above quoted statement was a convoluted way of saying "yes, the dems are a left party because relative to their country, they are to the left of their opposition, therefore, they're a left party".
Well, no, it's that the Dems are a left party relative to the norms in the developed world.

I haven't redefined it. I am going off of mainstream scholarly definitions of fascism.
You cannot possibly believe that. Fascism = strong support for democracy and civil liberties?
I mean, you're free to have that opinion about Noam. A few things though - A) I've been reading Chomsky for years. B) when you consider that he's the most academically cited living academic and the third most cited all time, you're basically just engaging in anti-intellectualism by saying "everything from this guy is bad, categorically, because I say so".
Chomsky has been cited a lot on linguistics. There's actually a long history of respected scientists with kooky views outside their discipline.
 
Oh wow, a partisan source found 2 companies misused the money and no information as to whether they actually had their loans forgiven. Regardless of your spin, PPP isn't comparable to student loans.

It wasn't 2 companies my guy:


Casinos in Vegas did this so hard the Culinary Union ended up striking against them because they turned what were supposed to be temporary layoffs into permanent ones, while requiring remaining workers to pull double shifts under threat of termination. Their stock prices were just fine, though. Airline companies did this crap, too. First ones begging for Government handouts because they cant fiscally plan ahead for times of slow business, and as always the first response is to cut labor. CEO salary and stock price is priority.

You're right again, this isnt comparable to student loans. Having student loans actually makes borrower's lives worse. The PPP loans were free money for a sh*tload of entities who didnt need it.
 
It wasn't 2 companies my guy:


Casinos in Vegas did this so hard the Culinary Union ended up striking against them because they turned what were supposed to be temporary layoffs into permanent ones, while requiring remaining workers to pull double shifts under threat of termination. Their stock prices were just fine, though. Airline companies did this crap, too. First ones begging for Government handouts because they cant fiscally plan ahead for times of slow business, and as always the first response is to cut labor. CEO salary and stock price is priority.

You're right again, this isnt comparable to student loans. Having student loans actually makes borrower's lives worse. The PPP loans were free money for a sh*tload of entities who didnt need it.

Obviously there will always be those that try to abuse a program, but its pretty silly to not expect the government do something to keep business afloat after they shut down the country for half a year. And it did provide paychecks for a large portion of the population:
Across all 50 states, 72 percent to 96 percent of estimated small business payroll was covered by PPP loans.

Its also silly to call it a Trump bill when nearly every single democrat in congress voted for it.
 
It wasn't 2 companies my guy:


Casinos in Vegas did this so hard the Culinary Union ended up striking against them because they turned what were supposed to be temporary layoffs into permanent ones, while requiring remaining workers to pull double shifts under threat of termination. Their stock prices were just fine, though. Airline companies did this crap, too. First ones begging for Government handouts because they cant fiscally plan ahead for times of slow business, and as always the first response is to cut labor. CEO salary and stock price is priority.

You're right again, this isnt comparable to student loans. Having student loans actually makes borrower's lives worse. The PPP loans were free money for a sh*tload of entities who didnt need it.

You're saying massive entitlement programs and handouts bring out loads of scammers and freeloaders to take advantage of "Government Free Money" from Tax Payers?


images
 
Carl Sagan comes to mind.
And Newton, Brahe, Shockley, Marconi (inventor, more but still), Pauling, and many more. FWIW, Chomsky himself says that his credibility from linguistics shouldn't transfer.
 
The culture was will never end, it's all the right has. Their policy is disasterous and unpopular. Just look at all of them running for cover due to all the anti-abortion bullshit THEY PASSED. Spent decades stuffing courts with insane, inept, and unqualified activist judges from SCOTUS to counties and then they are scrambling when these judges do exactly what they said they would do.


The only reason the GOP exists today is because a large portion of America is really fucking stupid or completely fooled to vote against their interest. I see this all the time in rural NC where people scraping by at poverty level wages vote Republican because of culture war nonsense that doesn't affect their lives in any way.



Yep exactly. The amount of people making less than 6 figures on this board who think voting in a Republican based on culture wars is going to help their broke asses is just sad.
 
If Democrat policies are so amazing.... Why is California such a clusterfuck?

California keeps its title as having the nation’s highest poverty rate​


It has the richest and poorest of the nation. And I'd assert the richest are DESPITE California policies.

The those with the means to do so are leaving if they can. So much so, the State implemented a new Tax businesses and people after they leave.


Its not working...


Gas Price are one of the highest impact costs to Lower and Middle Income families. The Ultra Rich in Cali don't give two shits about gas prices... Hell, Gavin is fixing to add new legislation to add another $.50/gallon



Current national average is around $3.25-$3.50... Almost $2 less than California


Does California pull back? Say hey, we need to help the low and middle income families who can barely keep their heads above water in our Most Expensive State in the Nation?

Or course not...



Californians already pay sky-high pump prices. It might get much worse.​



Make no mistake... California is THE example when Democrats have the super majority with no opposing political party to put them in check.

California's massive economy is still riding the coattails of the Tech Boom and its massive Financial/Real Estate Industry. But companies are leaving and politicians are panicking... Not surprising. It's hilarious, because Gavin Newsom was asked about people and businesses leaving years ago and he was unfazed... didn't think it was issue and wouldn't happen. What was his response?

"Where would they go?" Gavin Newsom

Well... He definitely knows now


The Exodus Begins: Tech Companies Leaving California in Droves​

https://tms-outsource.com/blog/posts/tech-companies-leaving-california/

New York, California Lose Firms Managing an Estimated $2 Trillion in Assets​

More Than 370 US Companies Have Moved Headquarters Since 2020, Report Finds​


But please... Go ahead and keep telling us how Democrats don't run their cities into the ground



Yeah carry on with your broke ass Midwest states that contribute nothing
 
Back
Top