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jiminycricket1 74M
5533 posts
7/27/2018 6:25 am
History will repeat itself


I doubt there is any disagreement between the Political Parties.. that the primary thread holding the Trump administration together is the Economy..

But no one is talking about what is actually happening.....and is going to happen with the Economy. just what is happening.. And the smoke and mirror political gains.

One should research it..... and see what happened in recent similar events.

George W Bush won the election in 2000......His economic program first introduced tax cuts.. similar to the ones done this past year.. The biggest Democrat opponents ...opposed the tax cuts on two ground.. First it helped the Rich more than the middle class. It would create a greater deficit....

Bush had the position that the economic growth and revenue from growth would make up the deficit

"More crucially, after the 2001 initial tax cuts, the annual growth rate went from 0.3% in 2001 to 2.5% in 2002. By 2004, GDP growth was the highest in 20 years. (Source)Likewise, after the 2003 tax cuts, the unemployment rate fell to the lowest level since World War II. Let me repeat that: the Bush economic program created the lowest unemployment level ever. In fact, economists liken it to full employment given the demographic composition of those who were left on the unemployment line"... The REDSTATE.. Conservative Newsletter

WE can see what happened in the first fours years of Bush's presidency.. Because of the tax cuts, and many de-regulations of the Clinton administration.
Singularly Bush's tax cut cuts.. above all else, got him re-elected in 2004, even though the decline was insight...

We all know what happened next...."The Great Recession"..... 2.8 trillion in unmade up deficit from the tax cuts... unemployment the highest since the Great Depression.



jiminycricket1 74M
13732 posts
7/27/2018 7:08 am

The stupidity is not about what Bush did...the stupidity of America.. is to do the same stupid thing and expect a different result.

Of course... we may have no choice but to let play out...
But My suspicion is about Trump that we will never know....As his negative will outweigh the economy in 2020.
Still.. maybe we need to know.. Not because of Trump.... but if we don't find out what's going to happen, or it happens under a Democrat watch as these things are delayed by years.. We will only doom ourselves to repeat it

We will NEVER learn... that there is no such thing as trickle down...That a government that improves the wealth of rich, does it on the backs of the middle class... One way or another. When do we realize there is a reason to the madness that nobody talks about so that History may stop repeating itself ...Again and again...
The most telling RESULT... of all that has happened... The fact that explains it all... both the WHY and the HOW.... is the increase in income inequality.. It's not a factor.... it is by design.
You don't believe me... Just ask Putin.... he's really good at it..

All one has to realize is Trump's ideology of zero-balance.. to understand who wins and who loses, and that Trump makes sure HE'S always the winner.


jiminycricket1 74M
13732 posts
7/27/2018 10:02 am

I shouldn't have to say something.. you already know... but wealth begets wealth...It may not be the only way.. but it's the easiest way..

In the past..... a person worked for his wealth and risked his wealth to create more wealth.. It's the way of a pure capitalist system.. We make choices in regards to wealth ...and what we would have to give up or risk to get it. These are factors that weigh upon everyone. From the factory worker to the executives. that is Capitalism

How much is wealth worth to you? How much labor, how much family life, how much sacrifice, and how much risk ,to possibly lose, what you already have..

In the Great Depression.....people jumped off buildings, when they lost what they had......It was sad for sure.
But what did we do about it?. THE NEW DEAL. wasn't just about employment... it was just as much about protecting the wealth of the wealthy...In both cases it was designed to prevent people from jumping off building or starving. That idea has never left US

The resulting problem was the poor and middle class still had to risk everything to obtain wealth.. and the wealthy risk very little. If you're poor or middle class and you want to become wealthy.. You can... with sacrifices and NOT making ANY mistakes. That would be the idea for most, that don't have a "specific talent" .. It is once in blue moon, that someone poor or middle class gets to move up.......Their payoff becomes no longer having to sacrifice, their freedom to make mistakes, and they no longer have to risk take..... that is mind set we have developed.. Because it's the mindset those who inherit wealth....Like most wealthy people nowadays do.
THE NEW DEAL and ever since...has made sure they didn't have to jump off a building to get out from under it.

Capitalism in it's purest form... was being destroyed.. A government that would take away that sacrifices for those already wealthy, Take away their missteps from mistakes... and most important.. take away their risk.. Not entirely...., but you got to be pretty damn stupid or exceptionally greedy, to lose it, in this country.. once you have it.

I am NOT a socialist.. I believe in Democracy and Capitalism.....but in this country democracy and capitalism is not played on a level field... I don't' want socialism.. I want to level the playing field. I want the so-called risk takers... to actually take a risk. If the take a bad one and lose it all.. and decide to jump off a building....So be it.. that is the way of Capitalism.


jiminycricket1 74M
13732 posts
7/27/2018 10:32 am

So what is socialism? well, to me it's not an ideology.. It's not a way to run a government.
Socialism to me is a GIFT......A gift we give people, that measures OUR compassion and empathy
You can't mandate a gift......Then it is no longer a gift.. but an entitlement

I can only hope we become socialists, that the measure of OUR country can be found in OUR compassion and empathy for one another.

I have little doubt... we are on the wrong path about that one...TOO BAD..


jiminycricket1 74M
13732 posts
7/27/2018 3:18 pm

    Quoting  :

Forget the "fall" for second.. and look at the expansion from the tax cuts of GNP and employment in 2001....

It takes a lot of factors, to fall, as far we fell.. from 2004 to 2008..

But there are a couple of reason. it's still similar.... those factors already existed. The tax cuts exacerbated those.... and.with a republican party that didn't give a shit to curtail it.
Spending cuts for entitlement or control social security and medicare is not going to cut it.. It going to feed it.

There are still many factors that Republican do not give a shit about for this tax cut and this expansion....Now we probably won't have a bank crisis, and probably not a war???? but still there danger out there... and tax cuts have set the fire.

There are so many factors......It hard to figure exactly what it will be.. without 20/20 vision.. looking back.

The truth is the set-up is there....And the desire to control the negative impacts is not....It all about getting it while we can...I don't think anybody talks about a maintainable slow growth.. That will guarantee a recession... If we don't control it ourselves .. it will control US

Without a consideration of the factors, that will have a SIMILAR impact to those in 2004...I virtually guaranteed that something will burst the bubble. Heck.. it would not even require that big a tax cut.. we got so many bubble bursters... We are like a stripper.. in a champagne bottle.

Anyway.. you're not wrong.. but you know what.. as usual, your not being wrong.. doesn't make you RIGHT. Just gives you excuses.

You know it's going to happen sooner or latter.. It always happens sooner or latter. it's just going to happen a lot worse with the tax cuts.. History says so...

funny thing about history.. it is wrong when it says the Civil war was all about slavery....you agree to that.. but somehow history is going to now say the "great recession" is all about the housing bubble...

Did you ever have to make up your mind?
Pick up on one and leave the other one behind
It's not often easy, and not often kind
Did you ever have to make up your mind?

Did you ever have to finally decide?
Say yes to one and let the other one ride
There's so many changes, and tears you must hide
Did you ever have to finally decide?


jiminycricket1 74M
13732 posts
7/28/2018 6:51 am

The idea of the economy and the trickle down, and Capitalism......is metaphorically simple.....the idea that feeding the rich will feed the poor.. is stupid.. when in fact, the rich feed off the poor...you want capitalism to work?
It's a harsh reality...about feeding that beast...

You don't feed the beasts, and starve the poor.. the beasts have been getting free meal tickets for too long..

You starve the beasts, weed them out, and fatten up the poor..there is nothing quite like, a fattened up meal ticket for a beast..
Come supper time, let them out of the cage, and let the beasts go feed themselves.
The beast will thank you.

That is unless you are one of those beasts.... that believe in wealth "entitlement" a blood sucking, capitalist, wealth protectionists... that happens to get starved out..in the interim.


jiminycricket1 74M
13732 posts
7/28/2018 7:10 am

Then along come the real 'ugly beast"...where the poor are just "chump change"

If you want to be the biggest and baddest beast... you don't feed off the poor... You feed off the other beasts...Especially .. when they are the one's getting fattened up, and you're the one that holds the keys to the kingdom..


jiminycricket1 74M
13732 posts
7/28/2018 4:18 pm

    Quoting  :

maisie..

Well, leaf and i speak the same gibberish...You well. you just speak shit..

In case you don't know who the Professor is... Well TP.....or "Tail"-gunner Professor
is the person who wipes your ass.. when you won't wipe it yourself..or can't finds it with both hands...
One things for sure..... I'd think you married the right guy... since he nose your ass.. better than you can

My gosh... the shits flying..... and there's no TP.