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Orange Blooded [4365]
TigerPulse: 80%
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Mitch McConnell is making me change my mind
Dec 10, 2020, 8:51 AM
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about a 51 - 49 Republican Senate.
Why can't the new relief package include all of the suggested unemployment support and the $600 stimulus checks. The difference in cost would be negligible compared to the need for the economic shot needed right now.
And why shouldn't state and local governments get some extra help right now. Surely all of them have incurred significant extra expenses brought on by the Virus.
I will agree that postponing the liability language might be worthwhile. This seems like a complex issue that could use a bit more time to iron out to everyone's satisfaction.
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Orange Blooded [4983]
TigerPulse: 83%
Posts: 2789
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It would be nice if they would simply allow us
Dec 10, 2020, 8:57 AM
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to print money ourselves. That way, we could all get as much relief as we need. Not only that, we'd save Uncle Sam the aggravation of having to print all that fiat currency himself. We should all support this plan of rugged individualism. Printers are cheap these days.
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Oculus Spirit [83135]
TigerPulse: 100%
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Joined: 11/29/99
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Hey bro.***
Dec 10, 2020, 9:05 AM
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Orange Blooded [4983]
TigerPulse: 83%
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Joined: 4/1/00
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Hey man!***
Dec 10, 2020, 9:06 AM
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Heisman Winner [138015]
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CU Medallion [56109]
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Posts: 31651
Joined: 8/27/02
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All-In [49062]
TigerPulse: 100%
Posts: 38822
Joined: 12/31/97
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Orange Blooded [4983]
TigerPulse: 83%
Posts: 2789
Joined: 4/1/00
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Hey y'all
Dec 10, 2020, 10:19 PM
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Glad to see many of the old Lefty gang is still here. josephg, spooneye, 19B, Murcielago, DaJudge (I'm not forgetting that handle). Even unhinged Catahoula is still fun to read. Y'all are still my favorite Marxists. ??.
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Heisman Winner [111751]
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Orange Blooded [4365]
TigerPulse: 80%
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Joined: 1/4/17
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Re: It would be nice if they would simply allow us
Dec 10, 2020, 10:32 AM
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Balm,
Actually, I think the Treasury Dept. prints the money. They use the Fereral Reserve Bank to inject it in to the economy.
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Orange Blooded [4365]
TigerPulse: 80%
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Re: It would be nice if they would simply allow us
Dec 10, 2020, 10:36 AM
[ in reply to It would be nice if they would simply allow us ] |
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The investment of some stimulus money now will save us billions in economic damage in the long run.
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Oculus Spirit [97764]
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Joined: 7/13/02
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Long story short......
Dec 10, 2020, 9:10 AM
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The economy funds the government, not the other way around. Dirty little secret no Congressman from either party will ever let you know.
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Orange Blooded [4365]
TigerPulse: 80%
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Re: Long story short......
Dec 10, 2020, 10:34 AM
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Tiggity,
I think that is a bit simplistic. The government is a significant part of the economy.
If macroeconomics is done well, it becomes a symbiotic relationship.
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All-In [40941]
TigerPulse: 100%
Posts: 42957
Joined: 11/30/98
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Without us, you do not have one thin dime.
Dec 10, 2020, 10:47 AM
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Our federal government produces close to zero other than the postal service and prison license plates.
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Oculus Spirit [97764]
TigerPulse: 100%
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Joined: 7/13/02
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The real kicker is the federal government has ALWAYS
Dec 10, 2020, 12:07 PM
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extracted between 15-20% out of our GDP, irregardless (nod to college roommate) of the tax rate and tax brackets. 95% tax rate for the top, 30% tax rate for the top. No change in the percentage of GDP that equals.
Kinda makes you wonder what we've gotten ourselves into doesn't it?
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All-TigerNet [13360]
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Re: Long story short......
Dec 10, 2020, 12:32 PM
[ in reply to Re: Long story short...... ] |
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"There is nothing government can give you that it hasn't taken from you in the first place"
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Hall of Famer [22395]
TigerPulse: 99%
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Joined: 11/30/98
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What were you thinking? You should have seen this
Dec 10, 2020, 9:43 AM
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coming from a 1,000 miles away.
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All-In [46835]
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Joined: 8/11/15
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He's 1200 miles away***
Dec 10, 2020, 10:14 AM
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110%er [9036]
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Joined: 4/27/13
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Re: Mitch McConnell is making me change my mind
Dec 10, 2020, 10:31 AM
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i thought dems were screaming about debt just a few weeks ago
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Orange Blooded [2694]
TigerPulse: 97%
Posts: 3412
Joined: 7/3/07
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Today you will learn about the Cantillon Effect
Dec 10, 2020, 10:45 AM
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and why you need to quit complaining and just start your own private equity fund in order to have instant access to the money.
It's a 1/10th of a one percenter's world, and we are all just here to look up and give 'em a big ole gap-toothed smile while we shine their shoes in a petri dish full of Covid, lol. McConnell is just trying to prevent them from tort exposure after they forced you to work in said petri dish.
https://mattstoller.substack.com/p/the-cantillon-effect-why-wall-street The Cantillon Effect: Why Wall Street Gets a Bailout and You Don't Hi, Welcome to BIG, a newsletter about the politics of monopoly. If you’d like to sign up, you can do so here. Or just read on… Today I’m going to try and explain why the Fed and Congress, while attempting to throw money at everyone, disproportionately tends to aid certain narrow financial actors.
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All-In [40941]
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Wall street never got a "bail out"
Dec 10, 2020, 10:49 AM
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the banking industry got loans that they paid back with interest. You want, and probably already received a check, for doing absolutely nothing. That is a recipe for disaster.
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Hall of Famer [24815]
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Joined: 7/31/10
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How many times have you gotten "loans" to pay for a scam
Dec 10, 2020, 11:12 AM
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you created to bilk your own customers and others...?
Not only did they admit to the crimes, they paid themselves 'bonuses' for getting away with it...
That's crony capitalism's 'justice' at it's apex and it's core.
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Orange Blooded [2694]
TigerPulse: 97%
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Joined: 7/3/07
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this is about the reality of cash flow
Dec 10, 2020, 11:50 AM
[ in reply to Wall street never got a "bail out" ] |
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I actually agree with you about the stimulus checks, it wasn't the solution we needed.
This article posits that Federal Reserve lending is a kind of bailout, because it alleviates cash flow issues for large private equity firms. Proximity to the money supply window is the reason we have created humongous gaps between big fish and little fish in our economy, and Covid has magnified this reality.
This is reason why wall street is booming despite the fact we have 20 million unemployed, as indicated in a K-shaped recovery. Access to money matters, you can't deny it.
https://www.businessinsider.com/economic-outlook-kshaped-recovery-low-income-industries-unemployment-crisis-recession-2020-11
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Rock Defender [54]
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What would have been nice was for your neurotic Speaker
Dec 10, 2020, 12:12 PM
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Hall of Famer [24815]
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Agree, but 'devil's in the details'... Never heard them, tho***
Dec 10, 2020, 12:27 PM
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