Trump explained - because you all are blind

[Lexicus]

The stock market really is the economy nowadays (2017), because the world's central banks are buying up stocks and bonds like crazy with printed money.

False.
As El_Mac points out there is little relationship between the stock market doing well and regular people doing well. IN many cases there is an inverse relationship as the stock market doing well simply means capitalists are successfully looting the rest of the economy.

White people are 60% of "the working class", a clear majority, so I think they are.

"So I'll just pretend the other 40% don't exist." I am well used to white people acting as though people of color do not exist. Particularly white people who support/apologize/make excuses for Trump.

 

[El_Machinae]

That said, yes, there's a serious issue with how the Fed trickles new money into the economy. As far as I can tell, most new money is trickled in at the top. This is a horrible way to boost demand in the areas that we prefer.

I find it interesting, for sure, that the Federal banks are buying stocks. It's a neat way of letting us get profits from the companies that rely on us. But it's also not sustainable in the longer-run, since it means that less and less of the stock's market cap is actually engaged in price signaling.

Kait is old-school, so the idea of printed dollars offends him. I honestly get it. But printed dollars matter most with regards to how they transfer wealth and inflation. Most economies have a 2% inflation target, and it's a better number than most others all-told, so it might be best just to accept it as the actual goal. But the way we're getting that 2% inflation is rather terrible.

 

[El_Machinae]

There are two things to watch out for with 'working class' problems - and there are serious problems. The first is to remember that you cannot 'steal' a job, all you can do is work harder for cheaper. So, any begrudgement on this front is probably a little uncharitable*. As well, the major long-term risk is automation, not foreigners or the minimum wage. Someone who outcompetes a member of 'the working class' by charging $4/hour less is going to lose their job to a robot that does it for $4/hr less than them.

But the second thing is this implicit belief that somehow 'a hard day's work' in a factory is 'more worthy' than a hard day's work stocking shelves. Not so. They're both honest work. And we've somehow lost the society where a person can put in a hard day's work and support a home and family. It's not the quality of work that's declined, it's the allocation of productivity gains. If the stockboy is more contemptible that the widget-assembler, it's a heuristics issue that needs to be examined.

 

[warpus]

Trump is a winner.

So Trump is part Charlie Sheen part Vince McMahon part some sort of a small furry woodland creature? I threw in that last bit myself because otherwise it just doesn't add up.

 

[Broken_Erika]

So Trump is part Charlie Sheen part Vince McMahon part some sort of a small furry woodland creature? I threw in that last bit myself because otherwise it just doesn't add up.

I would have said "one part underwear gnome" but that would be insulting to the underwear gnomes....
Step 1:Get Elected
Step 2:????
Step 3: Profit from American Greatness

 

[Kaitzilla]

So Trump is part Charlie Sheen part Vince McMahon part some sort of a small furry woodland creature? I threw in that last bit myself because otherwise it just doesn't add up.

When the movie Idiocracy had the U.S. President played by a pro wrestler 10 years ago, I laughed.
President Camacho's State of the Union was memorable.



Now I hear The Rock is considering a run because Trump won.

 

[warpus]

Really?? Maybe he saw my post from a couple weeks ago when I predicted that he would be the next president. Or you're just joking to get my hopes up

 

[Kaitzilla]

Really?? Maybe he saw my post from a couple weeks ago when I predicted that he would be the next president. Or you're just joking to get my hopes up

May 10th, 2017.
http://www.gq.com/story/dwayne-johnson-for-president-cover

So, after all that consideration, Johnson doesn't hesitate when I ask him whether he honestly might one day give up his life as the highest-paid movie star on earth—which is unquestionably easier, more fun, and more lucrative than being president of the United States—in order to run for office. “I think that it's a real possibility,” he says solemnly.

 

[Ajidica]

Would the media treat Trump well if he started acting more presidential?

Yes?
Or have you forgotten how much the media fawned over Trump when he decided to blow $75 million in one night (more than he wants to cut the Meals on Wheels budget by) shooting some missiles at Syria in the logic that we haven't dropped enough bombs on Syria.

The fact that he had any positive coverage at all ended the day he became the unforgivable, a Republican who won an election.

Well, sort of won an election.

 

[Ziggy Stardust]

Would the media treat Trump well if he started acting more presidential?
Like George W. Bush?
Months of horrible media coverage only won him the Presidency, so I'm sure he'll change his ways soon.
The fact that he had any positive coverage at all ended the day he became the unforgivable, a Republican who won an election.

Ahhh, another Special Victim Unit routine. They only be dissing the pres because he's Republican. Nothing he could have done about it. No other reason for the negative press.

And if I repeat this often enough, it starts to make sense in my head.

 

[Commodore]

Ahhh, another Special Victim Unit routine. They only be dissing the pres because he's Republican. Nothing he could have done about it. No other reason for the negative press.

Not saying there aren't legitimate reasons for the press to be negative about Trump, but when you have the media trying to make a big deal about the number of scoops of ice cream the man had, you know it's more than a little bit partisan.

 

[Ziggy Stardust]

Not saying there aren't legitimate reasons for the press to be negative about Trump, but when you have the media trying to make a big deal about the number of scoops of ice cream the man had, you know it's more than a little bit partisan.

True. Has the majority of the reporting been about how many scoops of icecream the man had, or do you feel that in most cases the media actually had something to report?

 

[Commodore]

True. Has the majority of the reporting been about how many scoops of icecream the man had, or do you feel that in most cases the media actually had something to report?

Majority of the time it's legit, but they are also dedicating significant time to things they would normally pass on with other presidents. That's where the accusations of overly negative bias are coming from. I mean, CNN talked about that ice cream thing for hours.

 

[Ziggy Stardust]

Majority of the time it's legit, but they are also dedicating significant time to things they would normally pass on with other presidents. That's where the accusations of overly negative bias are coming from. I mean, CNN talked about that ice cream thing for hours.

24 hour news networks talking inanely about stuff is the result that most days there's not 24 hours of news to report. During events like 9/11 or wars, a 24 hour news network makes sense. In other times they're desperately looking for stuff to report.

 

[Cutlass]

You guys gotta look at what Trump represents. His victory was proof that the people actually have more power than the establishment. And right now what we're seeing with all these "anonymous leaks" is the establishment trying to remove him because they can't control him. That scares me way more than anything about Trump. This is not a precedent we want to set.

What you guys gotta realize, is that many people do think Trump's policies are for the public good. That's why he got elected. His platform was very clear, and he's actually trying to stick to it. You guys don't even realize how arrogant you sound when you call all his supporters stupid/racist/etc. The left had demonized Trump so bad in November 2016 that people were actually scared to admit they were voting for him. That's not a good situation for our country. All you guys do is spew hatred, it's completely toxic.

Look, I don't agree with his policies, but I agree with what he represents -- populism and anti-establishment. The idea that the establishment doesn't control everything is very important. The idea that he won despite not being politically correct is very important. You guys want to go circle jerk about how smart you are, be my guest, but don't pretend that you have the best interests of the public in mind when you think half the public are stupid.

What Trump represents is the pure win for crony capitalism and corruption at the expense of the public. Those who think that they people who are born rich should have the government serve them, and that those who are poor should have the government make sure they stay poor, and those born in the middle should be made poor so that the rich can have more. That's the people supporting Trump. There's nothing populist about cutting off food and healthcare to the poor to give tax breaks to the rich.

 

[warpus]

May 10th, 2017.
http://www.gq.com/story/dwayne-johnson-for-president-cover

WTH

This is my post from May 9th

If this happens I am resuming my previous occupation as a prophet

 

[Timsup2nothin]

Majority of the time it's legit, but they are also dedicating significant time to things they would normally pass on with other presidents. That's where the accusations of overly negative bias are coming from. I mean, CNN talked about that ice cream thing for hours.

On Obama's 100th day in office the number one story on Fox News was about how the president was such an elitist that he asked for Dijon mustard while rubbing elbows with the plebes at a sandwich shop. That was a break from how he was secretly a Muslim who wasn't even a citizen. The difference between media coverage of Trump and media coverage of Obama is that with Trump the nonsense stories are a break from the grim realities while with Obama they were a break from the outright lies.

 

[metalhead]

America is Great Again now that we have an avatar for white grievance as president, replacing the black man. We all got that, OP.

 

[Lexicus]

I know how to Make America Great, deport all the whites.

 

[Timsup2nothin]

I know how to Make America Great, deport all the whites.

Nahhhh. Just the ones that are whining all the time about how tough being white is.