End of American Dominance?

Is there a better eg of non-denial denial?

 

The post WW2 boom and reconstruction level-setting is not the reason for modern income inequality and the evaporation of American manufacturing.

 

Aren’t those two different things though? Income IMO isn’t really tied to manufacturing. We might not make as many physical goods, but the US does have plenty of industries we are dominant in that are service related or more technology related.

We are a consumer society. Not a manufacturing society, and for the sake of our children’s wellbeing I see that as a good thing that my child will more likely have job offers out of college being able to be on zoom and meeting with customers in a suit rather than looking forward to a life in sweatshop screwing in tiny screws into cheap toys.

Now income inequality is a different topic altogether. That’s likely just simply due to our tax code. The middle class is less comfortable and has less revenue for investment and benefits because the top earners contribute next to nothing to the tax income. So the middle class is having to contribute the most to their own investment which gives the federal government very little to work with. This was the case but on steroids during the gilded age and the Great Depression came out of that. Made worse by Hoover thinking he could just supply revenue to the federal government by tariffing his way out of it which made the problem way worse.

IMO it’s just simply about the top earners paying some freaking taxes. Something politicians like Hoover and Trump would rather sink the US into a depression to avoid.

 

They're somewhat related, but even if they weren't, it's not meaningful to the point.

 

That’s bullshit.

DD

 

Yup. The liberals solution to poverty was to print more money. The problem with that is that only the owners of assets (houses, stock market investments) saw gains due to inflation. The working class got hit HARD by the inflation that followed from increasing the money supply by 60% in 3 years... Of course, I benefitted greatly, but my passion and cause is bringing up others, not personal enrichment.

Remember 66% of Americans live paycheck-to-paycheck. Only Republican policies can raise their standard of living. Democrats' policies sure didn't.


GOOD DAY

 

they are as meaningless, in the age of globalization and no gold standard, as the Tiffin Dilemma

 

traitor george being willfully ignorant.

The Fed Reserve has been chartered to manage/control the money supply in circulation leading to high employment and stable prices. QE is like an econonic morphine being administered to
a very sick economy.. QE has been implemented under both Dem and GOP presidencies

• FDR
• Bush Jr
• Obama

under Trump 2.0, the 78-yr child has mocked/insulted the Fed Chair for not cutting the discount rate, which would increase the money supply in circulation

 

Bernie was running his whole campaign on labor and got pretty significant support in the primaries. Not sure all liberals need to be level set here. Perhaps neoliberal is the term because it’s been standard economics for both party centers for a long time. Bring back jobs has been a slogan for coal and car plants amongst the right but there’s been left economic nationalism in this country as well that has railed against nafta, is heavily pro union etc

 

[Educational Post]
T-bills and T-Notes are issued to finance budget deficits. Biden ran up deficits to levels never before seen -- over $2 trillion per year repeatedly. And we had to issue so much debt (much of it to foreign countries) to finance this burden... that expanded the money supply greatly. Inflation followed, crushing the middle and working classes. Trump won because he is the inflation buster -- and he is already keeping this promise. The working class stands to benefit.


GOOD DAY

 

so have GW Bush and Trump

while Biden was able to create jobs every month in in office,

• in the last 1 yr in office,
  • W and Trump were losing jobs BIGLY

​

 

Income inequality is more the norm than you seem to believe….. despite gold standard or fiat.

We are second in exports of goods and first in exports of services. We need far less people to manufacture now.

 

1) The fact you think being in a suit on a zoom call is somehow successful.
2) You believe manufacturing involves paying migrants minimum wage to manually fasten hardware to objects is comical and only exposes your complete lack of understanding of modern high scale manufacturing. But don't feel attacked, most Americans have this ignorant mindset too.

You have no idea what you're talking about here.

 

No you're just trash and an ignorant baboon nazi.

Man it feels really good to just call you out for what you are.

 

Umm.... Trump's last year was COVID, which was a scam launched by Democrats and an economy-crashing business shutdown strategy by blue state governors. Bush's last year was marred by the housing crisis, which was brought about because predominantly Democratic voters (city poors) couldn't pay their mortgage (the Community Reinvestment Act was the culprit).

You either A) didn't know these things; or B) Knew them but tried to deceive people. You pick, friend.

FACTS MATTER

 

I respect your right to free speech. Just make sure you keep it to words and not actions. You seem to be unhinged. Get help if needed.

 

And Biden's debt was because of covid recovery

 

Actually it wasn't -- it was largely discretionary spending.

 

Even taking out COVID, Trump added to the deficit with the best of them. Those tax cuts make the deficit grow and it’s not like Trump actually reduced spending.