Uncle Joe

[jfish26]

Because I'm a sith lord..

Come in jfish. Anyone who isn't blindly obedient to their "team" knows both teams are to blame for virtually every problem this country has

This whole "the Republicans are to blame for everything and the dems are saints" argument you always have is fucking stupid. Expand your thinking. The whole system is rotten at the core

Again, your issues with topicality.

The question isn’t “what is the main problem with American politics.” It’s “why did Fitch downgrade our credit rating.”

And the answer is the debt brinksmanship…which simply is an R problem.

its not though.

Yes the pubs held up the process by refusing to raise the debt ceiling again...

but the out of control spending, the printing money out of thin air f
to cover ridiculous things...

is a both sides problem. And that issue...is why we have to constantly raise the debt ceiling and is why the value of the dollar diminishes.

But this conflates the incurrence of the debt with the payment of the debt. One of those things is a both-sides problem. The other is not.

[TDub]

Again, your issues with topicality.

The question isn’t “what is the main problem with American politics.” It’s “why did Fitch downgrade our credit rating.”

And the answer is the debt brinksmanship…which simply is an R problem.

its not though.

Yes the pubs held up the process by refusing to raise the debt ceiling again...

but the out of control spending, the printing money out of thin air f
to cover ridiculous things...

is a both sides problem. And that issue...is why we have to constantly raise the debt ceiling and is why the value of the dollar diminishes.

But this conflates the incurrence of the debt with the payment of the debt. One of those things is a both-sides problem. The other is not.

I get that....but if there isn't a discussion or a threat of non payment how does the debt get discussed or controlled? The government spends money like a trust fund child that thinks it will never run out and they can always go to the vault for more.

Something must be done to control that behavior and one of the only methods for bringing about that discussion is to hold up payment of said debt.

both sides are guilty of ridiculous spending, I'm well aware of that.

We, citizens, should be ones in an uproar and doing whatever we can to hold up payment and hold accountable those incurring the debt.

All our taxes, all our money and we have very little say in how its used in reality. There's a bunch of lip service about working for us but its a bunch of shit. Constantly raising taxes and we have no healthcare and our roads and schools are shit and kids can't eat. It's a fucking travesty...all of it.

Paying off a credit card with another credit card is not the way to solve a financial crisis.

[TDub]

And that issue...is why we have to constantly raise the debt ceiling and is why the value of the dollar diminishes.

Is it though? The value of the dollar is quite high, relative to most currencies (EUR, GBP, JPY, CNY, INR) and is at a recent high. The only exception is CHF.

Not too long ago, we were at $1.25 to EUR, $1.50 relative to GBP, 110 JPY and low 70s to INR. Now it’s $1.10 to EUR, $1.25 to GBP, 145 JPY and low 80s INR.

While some of it is the relative weakness of their economies, it’s objective evidence that our weakness is only a talking point.

When we make this move away from fossil fuels....what happens to the value of our dollar? Our dollar is a petro dollar. When we move away from that what happens? Nearly all the lithium supply is controlled by non friendlies.

[JKLivin]

And that issue...is why we have to constantly raise the debt ceiling and is why the value of the dollar diminishes.

Is it though? The value of the dollar is quite high, relative to most currencies (EUR, GBP, JPY, CNY, INR) and is at a recent high. The only exception is CHF.

Not too long ago, we were at $1.25 to EUR, $1.50 relative to GBP, 110 JPY and low 70s to INR. Now it’s $1.10 to EUR, $1.25 to GBP, 145 JPY and low 80s INR.

While some of it is the relative weakness of their economies, it’s objective evidence that our weakness is only a talking point.

When we make this move away from fossil fuels....what happens to the value of our dollar? Our dollar is a petro dollar. When we move away from that what happens? Nearly all the lithium supply is controlled by non friendlies.

It means learn to like being cold, shitting in a hole in the ground, and eating cricket meal. Because social justice and climate change.

[Sparko]

We will move away from fossil fuels or burn alive. Much sooner than expected. But we have no control over China, whose industrialization is killing us quicker than factored in originally

[zsn]

The government spends money like a trust fund child that thinks it will never run out and they can always go to the vault for more.

Actually that’s a feature, not a bug. Governments do have “unlimited resources” to the first approximation. How much you leverage and what you spend it on determines whether it’s healthy or not.

For instance, a million dollars spent on roads has a broader impact than a million dollars spent on buying 100 bombs, or 50 toilets, but I digress……..even the latter spend is somewhat helpful than no spending at all.

[TDub]

We will move away from fossil fuels or burn alive. Much sooner than expected. But we have no control over China, whose industrialization is killing us quicker than factored in originally

in my more sturgill simpson woo woo moments I ponder if the whole UAP, alien tech secrets revolve around access to or revelation of limitless, carbon neutral energy. But the government is trying to figure out how to monetize it and keep it from crashing the global economy as we know it.

[DCHawk1]

We will move away from fossil fuels or burn alive. Much sooner than expected. But we have no control over China, whose industrialization is killing us quicker than factored in originally

LOL

[Shirley]

The U.S. economy is in the midst of a wonderful — and unexpected — workforce boom.

More than 3.1 million workers joined the labor force in the past year, meaning these people started looking for jobs and, largely, are getting hired. Almost no one expected this. It’s a nearly 2 percent expansion of the labor force — something that has not occurred since the tech craze of July 1999 to July 2000 and was more common in the 1970s and 1980s.

Last year, many experts predicted a recession with soaring layoffs. They argued the only way to get inflation down was massive job loss. Instead, the country is experiencing what some economists are calling “immaculate disinflation,” in which inflation has cooled substantially while companies keep hiring. A key reason this is possible is the remarkable growth in the number of job seekers. More job hunters have helped to gradually bring down wage growth as companies aren’t quite as desperate for employees as they were last summer. And as people get hired, their earnings rise and they consume more.

Women are driving this labor force boom. With rising pay and more flexibility to work from home or adjust their hours, they are surging into the workforce. Labor force participation for women ages 25 to 54 hit an all-time high this summer, far surpassing pre-pandemic levels. There are especially strong gains for mothers of young children. The sectors on hiring sprees lately — health care, social assistance and government — are also ones where women have historically found the most opportunities. The result is women now make up half of all U.S. employees. That milestone was reached only twice before in modern U.S. history: just before the pandemic, and in 2009 after the Great Recession destroyed so many “muscle jobs.”

It’s clear that Americans still want to work, contrary to narratives that took root in recent years. There’s also an important message here for employers: Workers are a lot more eager to join companies that pay more and provide some flexibility.

This post-pandemic readjustment of the labor force could also spur a productivity boom. Data released this week showed a sizable jump in output per hour during the second quarter. There has been a mass migration away from low-skilled, low-paying jobs into higher-skilled, higher-paying jobs. Workers also say they are the happiest they have been in decades as they are in jobs that better suit their interests and lifestyles.

While much of this good news is the result of a tight labor market and an economy normalizing from the pandemic, the large government stimulus also played a role. We were among the skeptics who believed President Biden’s $1.5 trillion American Rescue Plan was too big. And it did contribute to high inflation. But there’s a case to be made that the government spending is helping sustain the job market — and propel growth — now. State and local government hiring has rebounded significantly, and there has been surprising strength in construction (which added close to 200,000 jobs over the past year) thanks to investments in infrastructure and manufacturing. Mr. Biden’s push to increase legal immigration as much as possible has also helped. If Congress would finally act on a comprehensive immigration plan, the benefits could be even larger.

[twocoach]

We will move away from fossil fuels or burn alive. Much sooner than expected. But we have no control over China, whose industrialization is killing us quicker than factored in originally

"Control over China"? No, we don't. But we have to figure out the right leverage to push China more rapidly towards the better solution. It's hard because so much of their economy is based on fraud, corruption and the theft of intellectual property. Lying and cheating are seen as positive character traits in much of their economy. We're starting the discussion at fundamentally different places. It's hard to convince them to "do what's right" when they have a fundamentally different baseline for what's right.

Unfortunately, I don't see anything outside of a massive disaster ever forcing them to change their ways.

[randylahey]

Trump was right about all this. We now know for sure

[JKLivin]

Trump was right about all this. We now know for sure

We can’t focus on the past. Let’s invest our energy in the future - specifically the one with Trump in prison and four more years of Obiden. And eating cricket protein meal by candlelight.

YT,

The Bored Lib Braintrust

[randylahey]

The lib braintrust needs to wisen the fuck up one of these days. They are the actual cult. They blindly follow the evil they claim to resist

[twocoach]

The lib braintrust needs to wisen the fuck up one of these days. They are the actual cult. They blindly follow the evil they claim to resist

I wouldn't call "requires legit evidence to believe something" as "blindly follow". There is however another group of people around here who I think more closely resemble that description.

[randylahey]

[Sparko]

Just worthless stuff Randy

[randylahey]

Just worthless stuff Randy

You're brain is worthless. Biden has been a lying scumbag of a politician for 50 years. Gotten rich from exploiting people and being bribed by foreign nationals. And here you are refusing to admit it, blindly supporting the senile version of him. And sadly, you aren't alone

[Sparko]

Randy. Take it away from here. You have nothing but half truths and no shame.

[TDub]

as you have probably ascertained by now, im no diehard liberal and certainly no Joe Biden fan.

But...that video had nothing of substance in it, at all? It was just a guy saying Biden is corrupt and its undeniable and its so fucking stupid. Another guy agreeing. No evidence, no facts, no discussion as to how they arrived at that conclusion. Zero verifiable data in any of that. zwhTs the point of posting that? I could make a video and say Randy is corrupt and its undeniable and it would hold the same material value as that video.

[twocoach]

What a clown. He doesn't even believe the shit he's saying. He'd be the world's worst poker player as his face gives away every lie he tells.