***Official Political Discussion Thread***

[whywesteppin]

This is why Libs are Dun. You miss 100% of the shots you don't take. Could you die from ingesting Lysol? Absolutely but if there is even a 1% chance you can overcome Rona with poisoning yourself, you have to take that chance.

TO put it more succintly: WHAT DO YOU HAVE TO LOSE?

 

[aepps20]

At this point the Fed should just do helicopter money.

**** it, we in a depression.

DA HIP HOP INTELLIGENCIA HAS SPOKEN

 

[RustyShackleford]

Trump’s face is gonna be on the trillion dollar bill.

4 years back me and a friend were talking about all the dictator type **** Trump will do in office.

I knew right away he would kill the Harriet Tubman $20 bill redesign. His *** is too much of a white supremacist to let that fly.

But I was also certain that since he had the power to do it, that he would reissue the $500 bill with his face on it.

 

[cosmiccoffee9]

DA HIP HOP INTELLIGENCIA HAS SPOKEN

omfg.


...but

At this point the Fed should just do helicopter money.

**** it, we in a depression.

you´re super well versed on economics, could you break that down in a way I can explain to my parents?

I know it´s not literally ¨printer go brr¨ but these people are terrified about their retirement cuz BIG YIKES.

 

[aepps20]

omfg.


...but

you´re super well versed on economics, could you break that down in a way I can explain to my parents?

I know it´s not literally ¨printer go brr¨ but these people are terrified about their retirement cuz BIG YIKES.

I know your parents are very proud of you. You are very HANDSOME, DAPPER AND EDUCATED. Please tell your parents to stick with our President ELECT. He has things under control. Libs are purposely tanking the economy but they are on the ropes.

 

[junglejim]

At this point the Fed should just do helicopter money.

**** it, we in a depression.

I would be interested to hear your thoughts on the dollar after all of this. It seems in the short term the dollar will increase vs. other currencies, but I don't see how we get through this in the next few years without it completely collapsing.

 

[junglejim]

omfg.


...but

you´re super well versed on economics, could you break that down in a way I can explain to my parents?

I know it´s not literally ¨printer go brr¨ but these people are terrified about their retirement cuz BIG YIKES.

Yeah it pretty easy. Unemployment is at the highest level in recorded history since the great depression.

 

[willycheesesteak]

Just when I thought Trump couldn't get any dumber, I woke up today and saw that he dropped the bar down a bottomless hole.

Sunlight. Injecting disinfectant. As he's bringing that up, he adds "I'm not a doctor but I have a 'you know what' (points to huge genius brain)"

Fam I just can't

2 oz of Clorox
3 oz of Lysol
Splash of Pine Sol

1. Add the ingredients together in a cocktail shaker.
2. Shake well with cracked ice.
3. Strain into a glass over cubed ice.
4. Garnish with a twist of orange peel.

Own those libs by having a nice little COVID-19 cocktail, gents!

 

[cosmiccoffee9]

I know your parents are very proud of you. You are very HANDSOME, DAPPER AND EDUCATED. Please tell your parents to stick with our President ELECT. He has things under control. Libs are purposely tanking the economy but they are on the ropes.

the WORST part about this new twist is nowIhea d´way Fty tawk marblemoufin all up in da post JEAH!!!

Yeah it pretty easy. Unemployment is at the highest level in recorded history since the great depression.

I mean, I thought I had a very basic grasp on economic principles but then everybody lost their job and global supply chains were disrupted and the markets shot up so I realized that I apparently don´t know a mf thing.

 

[storm2006]

Leaving this pic to rustle da libs.

Da Hip Hop Intelligencia HAS SPOKEN.

DA HIP HOP INTELLIGENCIA HAS SPOKEN

The Board of Directors of the Hip Hop Intelligensia has spoken LOUD AND CLEAR

Congressman (R - NY) Sean Combs

Senator (R - CT) Tony Yayo

Governor (R - CA) Snoop

CFO (Fyre Festival LLC) Jeffrey Atkins

Communications Executive (Crunk Enterprises) Jonathan Smith

Special Director (Phat Farm/Def Jam) Russell Simmons

BONUS: A young aspiring William Smith (rapper, entertainer, movie star, professional athlete, swag king) , prior to his Intelligensia days

If you Libs can't see the Hip Hop Intelligensia, who clearly speak on behalf of all black folks, is CLEARLY on board with Donald J. Trump then I don't want to tell you. Maybe you need a little more disinfectant injected into your veins to enhance your vision.

 

[infamouserror]

2 oz of Clorox
3 oz of Lysol
Splash of Pine Sol

1. Add the ingredients together in a cocktail shaker.
2. Shake well with cracked ice.
3. Strain into a glass over cubed ice.
4. Garnish with a twist of orange peel.

Own those libs by having a nice little COVID-19 cocktail, gents!

 

[aepps20]

The Board of Directors of the Hip Hop Intelligensia has spoken LOUD AND CLEAR

Congressman (R - NY) Sean Combs

Senator (R - CT) Tony Yayo

Governor (R - CA) Snoop

CFO (Fyre Festival LLC) Jeffrey Atkins

Communications Executive (Crunk Enterprises) Jonathan Smith

Special Director (Phat Farm/Def Jam) Russell Simmons

BONUS: A young aspiring William Smith (rapper, entertainer, movie star, professional athlete, swag king) , prior to his Intelligensia days

If you Libs can't see the Hip Hop Intelligensia, who clearly speak on behalf of all black folks, is CLEARLY on board with Donald J. Trump then I don't want to tell you. Maybe you need a little more disinfectant injected into your veins to enhance your vision.

GAME OVER FOR DA LIBS. THEY LOSE.

 

[storm2006]

GAME OVER FOR DA LIBS. THEY LOSE.

Ironically, Lil Flip is in the Hip Hop Intelligensia as well

Houston rapper Lil’ Flip said it’s “good” that President Trump visited the flood-ravaged Houston area.

…and he had a message for those quick to criticism Trump.

“I feel like it’s the president’s duty to get out there with the people on the front lines sometimes to see what’s going on,” said Wesley Eric Weston, Jr, who goes by the stage name Lil’ Flip.

“At least he came, he didn’t just sit in his White House and not come,” he added.

Weston said that Trump was in a “damned if you do, damned if you don’t situation.”

“A lot of times I feel that people sit back and they criticize on what you do,” he said. “But those same people, did those same people catch flights to Houston? Did those same people go out there and make great speeches?”

“At the end of the day, you can’t never please everybody,” the rapper continued. “My take on that, hey… if you go pointing the finger at somebody, then you should be out there.”

As for attacking Trump for his efforts, Lil’ Flip said: “He without sin cast the first stone.”

He without sin casts the first stone INDEED. Wise words by Intelligensia member Mr. Weston who prefers to be called Little Flip.

 

[junglejim]

I mean, I thought I had a very basic grasp on economic principles but then everybody lost their job and global supply chains were disrupted and the markets shot up so I realized that I apparently don´t know a mf thing.

Yeah it appears the markets are still operating under the assumption that this is going to be a short, abbreviated recession, with no long term lasting effects. In reality, we are starting to see the fringe issues that were previously bubbling up kick in and cause long-term impacts that I don't think are being factored into the market at all or being overriden by a level of Fed intervention on a scale that we have never seen before.

It appears that people are operating under the assumption that once the economy re-opens, everyone is going to be spenders again despite all economic indicators showing that saving rates could climb as high as 11% which may be the highest rate in recorded history. People saving more money = less money being pumped back into the economy. Approximately 70% of our GDP relies on discretionary household spending so by all accounts this means we are in for a long, protracted recession. Additionally, certain segments of the economy rely completely discretionary spending (retail, hospitality, restaurants). These segments of the economy are taking on historic levels of debts just to survive. In the next couple of months you are going to see huge sections of the retail industry start to declare bankruptcy (you are/were already seeing it in retail with Pier 1, Modells, True Religion, Neiman Marcus). I'm fairly certain in the next 3 months we will see Macy's, AMC, JC Penny and many other follow suit. As these businesses die, unemployment goes up/stays up.

Most small businesses were already ****ed, but it appears that only 6% of small businesses actually received funding from the Paycheck Protection Program. Whether or not they needed it that is a different story, but I would guess they would. So you are going to see large swaths of small businesses die which is going to create additional unemployment.

Large entertainment venues (concerts, sports, festivals, theme parks) will likely open in an extremely reduced fashion. Those jobs are ****ed in the near future.

When you factor all that into account, that is going to lead to sustained unemployment, increased defaults on housing and vehicle payments which will lead to foreclosures/repossessions. We were already sitting on a $1.3T subprime auto-loan bubble, this is only going to exacerbate that. Same with a $1.5T student loan bubble that we have been sitting on.

Soon we will probably see a budgetary crises at a state level related to reduced revenues while expenses stay marginally the same. As the stock market drops, state pensions will be completely ****ed. Either those debts will need to be bailed out or let die. If those die, that's another large demographic that is ****ed in terms of discretionary spending. I think that's why we are already seeing states practically beg for additional federal funds.

Meanwhile in federal reserve lala land it appears that they have unleashed unlimited levels of QE and asset purchases. From what I can tell their balance sheet has increased by $6T over the last month or so largely due to additional investments in treasuries and MBS'. It appears that they will take another couple trillion dollars and use that to nationalize the Oil and Gas industry. If MBS' start to become systemically ****ed like they were in 2008 then a large portion of the fed balance sheet becomes complete ****. It appears that they are approaching a willingness to start taking on junk bonds as collateral for debt so if some of these businesses who should have died years ago finally die, then those assets are ****ed.

The short of all of this is it appears that the stock market is being propped up by unprecedented levels of intervention on a scale that we have never seen before. Once reality hits everything is ****ed.

Don't mean to sound like an alarmist and by no means, I am not a macro economist, but this is what I can tell is happened based on reading stuff from people who are much smarter than I am.

 

[frink85]

Trump’s face is gonna be on the trillion dollar bill.

 

[Wargames]

Everyday the President gets stupider. Trump is a moron leading a herd of morons

 

[aepps20]

LIBS TOO BROKE TO EVER SEE THIS IN PERSON.

 

[-Red-]

Oh its like that now. Just took a little virus for all the republicans to turn socialist.

They must think that since they “run the government,” state equity = their own equity. I mean, that’s been their modus operandi to this point.

Actually, knowing how crooked these people are and how little interest the GOP has in any semblance of oversight or accountability, I could see them figuring out a way to somehow seize that equity for themselves

 

[junglejim]

And even after this news the equity markets moved up.

 

[Deleted member 42060]

The Board of Directors of the Hip Hop Intelligensia has spoken LOUD AND CLEAR

Congressman (R - NY) Sean Combs

Senator (R - CT) Tony Yayo

Governor (R - CA) Snoop

CFO (Fyre Festival LLC) Jeffrey Atkins

Communications Executive (Crunk Enterprises) Jonathan Smith

Special Director (Phat Farm/Def Jam) Russell Simmons

BONUS: A young aspiring William Smith (rapper, entertainer, movie star, professional athlete, swag king) , prior to his Intelligensia days

If you Libs can't see the Hip Hop Intelligensia, who clearly speak on behalf of all black folks, is CLEARLY on board with Donald J. Trump then I don't want to tell you. Maybe you need a little more disinfectant injected into your veins to enhance your vision.

 

[cosmiccoffee9]

Yeah it appears the markets are still operating under the assumption that this is going to be a short, abbreviated recession, with no long term lasting effects. In reality, we are starting to see the fringe issues that were previously bubbling up kick in and cause long-term impacts that I don't think are being factored into the market at all or being overriden by a level of Fed intervention on a scale that we have never seen before.

It appears that people are operating under the assumption that once the economy re-opens, everyone is going to be spenders again despite all economic indicators showing that saving rates could climb as high as 11% which may be the highest rate in recorded history. People saving more money = less money being pumped back into the economy. Approximately 70% of our GDP relies on discretionary household spending so by all accounts this means we are in for a long, protracted recession. Additionally, certain segments of the economy rely completely discretionary spending (retail, hospitality, restaurants). These segments of the economy are taking on historic levels of debts just to survive. In the next couple of months you are going to see huge sections of the retail industry start to declare bankruptcy (you are/were already seeing it in retail with Pier 1, Modells, True Religion, Neiman Marcus). I'm fairly certain in the next 3 months we will see Macy's, AMC, JC Penny and many other follow suit. As these businesses die, unemployment goes up/stays up.

Most small businesses were already ****ed, but it appears that only 6% of small businesses actually received funding from the Paycheck Protection Program. Whether or not they needed it that is a different story, but I would guess they would. So you are going to see large swaths of small businesses die which is going to create additional unemployment.

Large entertainment venues (concerts, sports, festivals, theme parks) will likely open in an extremely reduced fashion. Those jobs are ****ed in the near future.

When you factor all that into account, that is going to lead to sustained unemployment, increased defaults on housing and vehicle payments which will lead to foreclosures/repossessions. We were already sitting on a $1.3T subprime auto-loan bubble, this is only going to exacerbate that. Same with a $1.5T student loan bubble that we have been sitting on.

Soon we will probably see a budgetary crises at a state level related to reduced revenues while expenses stay marginally the same. As the stock market drops, state pensions will be completely ****ed. Either those debts will need to be bailed out or let die. If those die, that's another large demographic that is ****ed in terms of discretionary spending. I think that's why we are already seeing states practically beg for additional federal funds.

Meanwhile in federal reserve lala land it appears that they have unleashed unlimited levels of QE and asset purchases. From what I can tell their balance sheet has increased by $6T over the last month or so largely due to additional investments in treasuries and MBS'. It appears that they will take another couple trillion dollars and use that to nationalize the Oil and Gas industry. If MBS' start to become systemically ****ed like they were in 2008 then a large portion of the fed balance sheet becomes complete ****. It appears that they are approaching a willingness to start taking on junk bonds as collateral for debt so if some of these businesses who should have died years ago, then those assets are ****ed.

The short of all of this is it appears that the stock market is being propped up by unprecedented levels of intervention on a scale that we have never seen before. Once reality hits everything is ****ed.

Don't mean to sound like an alarmist and by no means, I am not a macro economist, but this is what I can tell is happened based on reading stuff from people who are much smarter than I am.

thank you for this, it was as informative as it was depressing.

I was hoping there was something I was missing here, but better to know that is not the case.



...yeah tho, now I feel better.

you see, The President of the United States pulled out the ¨just a prank bro¨ mid-pandemic.

yes, I feel so much better that a world leader dispensing deadly medical guidance was just a prankbro.

 

[gry60]

a PRIMARY OUTCOME of DEATH.

DEATH is the most common result with this Presidentially-endorsed treatment.

dawg.

[Uncle Ruckus]Why you trying to breathe the rich white man's air?[/uncle Ruckus]

 

[KHUFU]

The mf’er is like a mood ring. When he feels good backed with a ton of propaganda and lies, he is a deep sunkist orange. When caught up then needing to backtrack while still lying, he becomes pasty creamsicle orange.

 

[RustyShackleford]

omfg.


...but

you´re super well versed on economics, could you break that down in a way I can explain to my parents?

I know it´s not literally ¨printer go brr¨ but these people are terrified about their retirement cuz BIG YIKES.

-Let me say as a qualifier that I suggested it because I have zero faith in the GOP to handle this situation right. A 2 trillion dollar stimulus passed, and the GOP still raided the funds for small businesses to give out to their donors and large corps. To the point, we needed to pass another 500 billion.

I have been hearing that a 4 Trillion dollar stimulus, well spent, would be needed to get us out of this. It might take more because of GOP mismanagement, but the thing is the GOP will actively sabotage the economy if Biden gets in. Middle and lower-income people need a more robust bailout, and they need it now. So I am proposing it as a bailout, not a stimulus.

So hence the suggestion of the Fed sending out checks to people, as a go-around.

Sound fiscal policy is always preferred, but these are scary times. And in a better world, helicopter money would not be used until say we have a vaccine, it is widespread, businesses are open, but we are still in a recession, and it looks like we will be stuck in it for a while.

-First I were talking to regular folk I would not call it helicopter money. That phrasing primes people to not understand what the program is actually doing. Friedman was a low key troll, so no need to stick to the phrasing he made popular.

Now hand waving away a ton of issues like the Fed might not have the explicitly stated legal power to do it (I believe they do), I would tell the average person that helicopter money is not unlike what has already being done.

So yes, the Fed prints money, the Fed gives regular folk that money.

Sure say the Fed just The Federal government already sent out checks to people, and nothing terrible happened. Bush sent out checks to people in 2008, and nothing terrible happened. Bush sent out checks at the start of his presidency (and while that was a stupid move for other reasons), nothing bad happened. We finance all these payments through government debt. If someone has a hard time wrapping their head around the Federal Reserve just printing money and giving it to folk, then tell them we kind of do it now, but we only write a big IOU for it and act like everything wavy. We are just skipping the IOU part. Instead of financing direct payments through government issued debts, we do it with a permanent increase in the money stock. Alternatively, we can do it almost exactly like it is done now. Where the Treasury issues debt, the Fed buys it, and refunds all increase collected on the bonds back to the Treasury.

Plus, the Bank of England already helps fund the UK government through printing money. Ben Bernanke, who Bush appointed, says it should be on the table. Economists from all over the political have agreed that helicopter money can be used in an emergency. So this should qualify.

The primary pushback from people would be that it would cause runaway inflation. First, it won't; in a significant recession, you want to boost inflation because it is zero or negative (deflation).

Secondly, we want the economy to rebound as quickly as possible after a downturn. The longer you wait to try to stimulate the economy, the more structural damage that will be done. This should be a significant concern for people nearing retirement because of the more underlying damage to the macroeconomy; the worst future recessions will be. So what would be a blip usually, will ravage retirement savings?

And most importantly, I find that making people understand how grim the situation, warms them up to a more progressive policy.

 

[RustyShackleford]

a PRIMARY OUTCOME of DEATH.

DEATH is the most common result with this Presidentially-endorsed treatment.

dawg.

What do you have to lose thoughhhhhhhh!!!!!

Ain't that right dwalk31