Support us at Patreon

Politics Democratic primary

Looks like moderate Democrats are uniting against the Corbynization of their party. Biden may not be able to defeat Trump, but if he manage to stop Sanders anyway, thumbs up for that ???
 
nemipuka_ said:
Looks like moderate Democrats are uniting against the Corbynization of their party. Biden may not be able to defeat Trump, but if he manage to stop Sanders anyway, thumbs up for that ???
Click to expand...

Why ? What's wrong with Bernie ? If people are scared he's going to start overspending don't worry , trump's banged 3 trillion on the US s national debt pile and no one's batted an eyelid .
 
You just know Biden used his Ukraine millions to buy out those 2 chufters ..

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.
 
bfc1001 said:
Why ? What's wrong with Bernie ? If people are scared he's going to start overspending don't worry , trump's banged 3 trillion on the US s national debt pile and no one's batted an eyelid .
Click to expand...

LOL! $3 trillion is chump change for a Socialist/Communist. Let's add $100 trillion. $500 trillion. I mean they're just numbers - and other people's money. Until the whole show collapses.
 
TheKiwi said:
While correct, that is kind of missing the point. The Communists simply took advantage of an existing trend (much like in Soviet Russia vis education and industrialisation) and claimed credit for it. Which is typical for politicians, it's just that their claims are given more credence by a guilable media and slavering Cuba groupies.
Click to expand...
Sorry for OT but Soviet Russia took advantage of what ?
Tsarist russia was a pithole concerning people education (bar the elites that went in foreign collegues) and i am not even talking about industrialization (during WWI they were so short on ammo that they hoped that Gallipolli succeeded to allow them to obtain shells and cartridges through a NE lifelife from France and UK)
I cannot disagree with your last sentence though
 
Chazman said:
LOL! $3 trillion is chump change for a Socialist/Communist. Let's add $100 trillion. $500 trillion. I mean they're just numbers - and other people's money. Until the whole show collapses.
Click to expand...

Just like in 2008 ? It's funny but I don't remember any supposed communists involved in that particular collapse .
 
bfc1001 said:
Just like in 2008 ? It's funny but I don't remember any supposed communists involved in that particular collapse .
Click to expand...

I'm not sure what you're trying to say? The 2008 crisis was in no small measure, precipitated by the government forcing lenders to loan money to people for homes, who had not even the slightest prayer of ever being able to pay it back.
 
Mordoror said:
Sorry for OT but Soviet Russia took advantage of what ?
Tsarist russia was a pithole concerning people education (bar the elites that went in foreign collegues) and i am not even talking about industrialization (during WWI they were so short on ammo that they hoped that Gallipolli succeeded to allow them to obtain shells and cartridges through a NE lifelife from France and UK)
I cannot disagree with your last sentence though
Click to expand...

Pre WW1 Imperial Russia the fastest growing economy and was the fastest industrialising country in Europe (although this has to be taken into account with the other major powers having already undergone massive industrialisation and so growing much slower). This was one of the factors that played so heavily into Germany's descision that since there was going to be a war, it had better happen soon. (On an aside, all countries experienced shell and ammunition shortages well into 1915, no one anticipated the rates it would be used. The 1916 offensives by Russia were practically as well supplied with shells as any British or French attack without any Gallipolli lifeline - indeed I'd call into question the ability of the UK and France to supply the Russians with anything in 1915 even had the attack suceeded).

It also had a program in place for 100% literacy and literacy rates were also growing fast - although you can certainly call into question what was defined as "literate" which was probably tied to being able read some passages from the Bible.
 
Chazman said:
I'm not sure what you're trying to say? The 2008 crisis was in no small measure, precipitated by the government forcing lenders to loan money to people for homes, who had not even the slightest prayer of ever being able to pay it back.
Click to expand...

www.marketwatch.com

U.S. consumer debt is now above levels hit during the 2008 financial crisis

Consumer debt has hit $14 trillion, a level some might find worrisome.
www.marketwatch.com www.marketwatch.com

Well because there's more personal debt in the US than back in 2008 . I just don't understand why your worried about Bernie when the same mistakes are been made as before under trump . Bernie's what you need to be worried about because he's " communist" ? I don't buy that .
 
bfc1001 said:
www.marketwatch.com

U.S. consumer debt is now above levels hit during the 2008 financial crisis

Consumer debt has hit $14 trillion, a level some might find worrisome.
www.marketwatch.com www.marketwatch.com

Well because there's more personal debt in the US than back in 2008 . I just don't understand why your worried about Bernie when the same mistakes are been made as before under trump . Bernie's what you need to be worried about because he's " communist" ? I don't buy that .
Click to expand...

Consumer debt won't be a problem under Bernie. No one will have access to money to buy anything. In fact, once everyone gets their tax bill, hard working middle class folks will probably just quit their jobs and get on the government tit. I just hope, when I quit working, the rest of you guys will pay enough taxes to give me and my family the luxuries we are accustomed to. I mean, just tax billionaires 2% and that should cover everything, right?
 
Chazman said:
Consumer debt won't be a problem under Bernie. No one will have access to money to buy anything. In fact, once everyone gets their tax bill, hard working middle class folks will probably just quit their jobs and get on the government tit. I just hope, when I quit working, the rest of you guys will pay enough taxes to give me and my family the luxuries we are accustomed to. I mean, just tax billionaires 2% and that should cover everything, right?
Click to expand...

Anybody earning over 29k/year will be taxed.

Which means anybody earning at least minimum wage.
 
There is more consumer debt because interest rates are maginal. Why would you save money when your return is tiny? Why wouldn't you borrow money when the rate charged for it is tiny? These same low rates are also helping to keep a number of "zombie companies" afloat - they'd have long since perished if they had to pay higher rates on their borrowings.

The big issue will come when/if rates go back up - a lot of people who can cope paying a 2-3% rate on a loan aren't going to cope paying 5-8%.
 
Ivan le Fou said:
Anybody earning over 29k/year will be taxed.

Which means anybody earning at least minimum wage.
Click to expand...


I asked my daughter, who's in college, if people her age realize that Bernie's "free tuition" means that THEY will be paying for that in taxes for the rest of their lives? She told me that they have absolutely no clue on how that works..
 
nemipuka_ said:
Looks like moderate Democrats are uniting against the Corbynization of their party. Biden may not be able to defeat Trump, but if he manage to stop Sanders anyway, thumbs up for that ???
Click to expand...
Interesting that such an anti-Trumpian like you is now more afraid of Sanders than Trump. Really telling. Even when Sanders is playing by the Russia = ultimate evil playbook
 
my only observation is will any of them actually live long enough to go up against Trump in an election (Y)

most of them look like they have comb-over virus
 
TheKiwi said:
There is more consumer debt because interest rates are maginal. Why would you save money when your return is tiny? Why wouldn't you borrow money when the rate charged for it is tiny? These same low rates are also helping to keep a number of "zombie companies" afloat - they'd have long since perished if they had to pay higher rates on their borrowings.

The big issue will come when/if rates go back up - a lot of people who can cope paying a 2-3% rate on a loan aren't going to cope paying 5-8%.
Click to expand...

I don't see rates rising anytime soon . It will be long , low and flat for a long time. That's the system .
 
You must log in or register to reply here.

Similar threads

Bombardier
Warfare DEMOCRATIC PEOPLE’S REPUBLIC OF KOREA
Replies
0
Views
7K
Bombardier
Bombardier
Back
Top