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CzarnaWisnia

Brace for recession

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Few talk about it right now, but it seems to be looming... with calamitous consequences.

https://www.forbes.com/sites/johntobey/2019/08/30/consumers-are-at-tipping-point-so-prepare-for-bear-market-and-recession/#67f5c31627d6

Meanwhile, the US spends $45 billion a year on the Afghanistan war... ??

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The US, under the incompetent and disastrous leadership of Republicans and Trump, have put us on a path where it could be 2008 all over again but far worse. The Obama economy has turned out to have a very solid foundation to support long term growth and stability. Then comes the wrecking ball as president who gives us huge tax cuts for the rich during solid economic conditions and very low unemployment as well as increased spending. We are running a trillion dollar deficit now while experiencing great economic conditions, for the most part. That is fiscal insanity. Democrats have had to clean up after Republican presidents so many times. People wonder why more has not been done but when you are constantly cleaning up the mess left by Republicans what more can they do? Just when the mess is cleaned up, the Dems are voted out of Congress and the Republicans just obstruct the rest of the time. 

When 10% of our country has 90% of the wealth and gaining, this is not sustainable. 90% of us are fighting over 10% of the wealth. 

The US is an Oligarchy. The rich own and run everything. Conservatives love to say the media is liberal but the media is corporate owned 99%. Corporations may be socially more liberal but they are fiscally (TAX CUTS FOR THE RICH!) conservative. 

The big winners under this president are China and Russia, who both want him to win because they have a useful idiot in the office. They feared Hillary as President. They stopped her at any and all costs. 

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8 minutes ago, jamesshot said:

The US is an Oligarchy. The rich own and run everything. Conservatives love to say the media is liberal but the media is corporate owned 99%. Corporations may be socially more liberal but they are fiscally (TAX CUTS FOR THE RICH!) conservative.

I agree completely, except about how you seem to think the Democrats aren't part of this system, when they absolutely are. They are corruptly working for the donor class, which is no different from what the Republicans are doing. Blaming Russia is a red herring, masking the actual internal pressures put on politics by American big business and big fortunes, which is why politicians of both parties keep sucking up to them.

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If Dumpster wins the election, the recession will kick in 'cos he will start trade war with everyone.

As you can see at the moment, China is waiting to communicate with the next new president.

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22 hours ago, CzarnaWisnia said:

I agree completely, except about how you seem to think the Democrats aren't part of this system, when they absolutely are. They are corruptly working for the donor class, which is no different from what the Republicans are doing. Blaming Russia is a red herring, masking the actual internal pressures put on politics by American big business and big fortunes, which is why politicians of both parties keep sucking up to them.

I disagree. Blaming both sides is what conservatives have lived on. It is their #1 talking point. It is how they survive.  Dems have raised taxes on the rich every time they have had presidency (twice) over the last 30 years. They are the only party to have put any type of constraints on banks, huge companies. They are the only party who has installed or actively enforced regulation. Yet, big business and most of the uber wealthy donate to the GOP disproportionately. I was a Congressional intern so I know how it all works. Both sides are not equally to blame. It is nowhere near 50/50. If you had total Democrat control from 1980 to now, we would not be anywhere near an Oligarchy.

Sadly, the Dems need big money to be able to compete but they don't do anything close to what the GOP does for big business. One party is the problem 99-1 while the other is 30-70. Democrats have the deck stacked against them with big money, Fox Spews, other conservative media. and so many in rural areas who would benefit so much from liberal economics but who are so socially conservative (usually abortion) they will not vote for a Democrat. Both sides are NOT the problem. 

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I guess it's pointless to argue on these issues as most people believe what they believe to be true. We'll just suffer together the consequences of the actions of these psychopaths, uh I mean politicians, who will remain (on both sides) protected, as will their wealthy friends.

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Blaming both sides means no one actually gets the blame. They are not equally to blame. But if you want to blame both sides, you let the side who does the vast amount of damage off the hook. Blaming both sides is truly a right wing talking point here in the USA. Any time they are losing an argument they say this. That way, they will never be held accountable for the messes they have made and are responsible for 90% of the time.

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And conversely the Dems can never accept any of the blame, and thus the wheel keeps turning. Partisanship is blinding and counterproductive. The US is stuck in a political polarization that is so strident and extreme it borders on mental illness, completely detached from the common sense reality of ordinary life.

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