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Biden 2020
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boggsman1



Joined: 24 Jun 2002
Posts: 8587
Location: at a computer

PostPosted: Fri Apr 02, 2021 9:32 am    Post subject: Reply with quote

mac wrote:
boggsman1 wrote:
Have a nice weekend boys--the Biden Boom has been insane since he won the election. God Bless America!


Boggs--how long do you think it takes before you get a sneering response from Virginia?


I don’t think he’ll take the bait this time .. The stock market went nuts from Nov ‘16 -April ‘17, so I doubt anyone will go there..
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isobars



Joined: 12 Dec 1999
Posts: 20128

PostPosted: Sat Apr 10, 2021 3:22 pm    Post subject: Reply with quote

Today's headlines across the nation address schools' scurrying to find ways to spend $123,000,000,000 the Biden administration ... i.e., The Squad ... is simply giving school systems to improve education. What's wrong with that?

Oh, just:

1. IT DON'T WORK.

https://www.latimes.com/archives/la-xpm-1996-03-27-me-51685-story.html

https://www.cato.org/policy-analysis/money-school-performance-lessons-kansas-city-desegregation-experiment

https://www.chicagotribune.com/news/ct-xpm-1995-06-22-9506220051-story.html


2. IT'S PLAIN STUPID. In a rational world, including my positions with NASA, Rohm & Haas, Boeing, DuPont, and the Air Force, funds were very begrudgingly awarded after and in response to rigorous and grueling budget reviews establishing the money's purpose and its relation to the institution's mission. Padding your funding requests got you in trouble and decreased your credibility in future budget reviews.

3. IT'S INHERENTLY WASTEFUL. What percentage of unrequested, unjustified, FREE taxpayers' money is going to be spent wisely, even without corruption?

4. IT'S PLAY MONEY. At some point it must be replaced, initially by taxes and ultimately by actual productivity, both of which will be dramatically reduced as soon as The Squad's insane idea of paying people for consuming oxygen.

5. IT JUST KICKS THE CAN DOWN THE ROAD. When the Democrats run out of other people's money it gets paid back by you and your offspring.

6. IT CHEAPENS THE DOLLAR. From monetary inflation and stagflation to the intrinsic value people place on money in general (hey, it's FREE), gifts like this reduce individuals', unions', and entrepreneurs' incentive to produce anything of value.

From The Epoch Times, Mar 31-Apr 6, under the headline, "The Fall of Chile is a Warning to America" by Stephen Moore (sorry, but iW is apparently censoring this and selected other URLs despite their permission to reprint their articles ... i.e., free advertising):

Back in the 1970s, the nation of Chile embarked on one of the boldest sets of free-market economic reforms in history. The government called in the Chicago Boys, as they were called, led by Milton Friedman and other University of Chicago free-market economists.

They were given a free hand to redesign the Chilean economic system with property rights, a low flat tax, privatization of the Social Security system, and industry deregulation. In 1991, Friedman wrote that Chile now “has all three things: political freedom, human freedom, and economic freedom. Chile will continue to be an interesting experiment to watch to see whether it can keep all three.”

For four decades, the experiment worked better than anyone could have imagined. According to a study by economist Axel Kaiser for the Cato Institute: “Between 1975 and 2015 per capita income in Chile quadrupled to $23,000, the highest rate in Latin America. As a result, from the early 1980s to 2014 poverty fell from 45 percent to 8 percent.” Chile became one of the wealthiest nations in South America. And it happened in three decades, an eye blink of history.

The Marxists and intellectual class of Latin America always hated the free-market reforms. They disparaged the Chicago Boys as “fascists.” They spent decades attacking the policies (with the stooges in the American media echoing their protests), even as Chile became the jewel of South America.

The Marxists invented a narrative of “inequality”: “The rich were getting richer, and the poor were getting poorer, and capitalism is evil.”

They infiltrated all of Chile’s cultural institutions: the media, the schools, the universities, the Catholic Church, the arts, the unions, and even the corporate boardrooms. They spread their poisonous creed of collectivism to the populace.

Is any of this sounding familiar to our situation today?

Eventually, the leftists pulled off a political coup. In 2013, the left won the Chilean presidency. The free-market reforms were systematically replaced with “spread the wealth” platitudes. In October 2020, voters approved a rewrite of the constitution, and now property rights and the rule of law are in danger.

Chile is now in economic free fall. The poor are getting crushed. The rich are pulling their money out of the country. They have arrived at “equality”: Nearly everyone is suffering.

Meanwhile, back in America, we have an economic transformation of our own going on. The Biden administration promises to help the middle class by handing out trillions of dollars of free money to citizens and paying people more money for not working than working. We will borrow trillions of dollars and pray that the Chinese continue to buy up our bonds and that our currency holds up.

Many of our constitutional protections and congressional rules of behavior, such as the filibuster, which protects the rights of the minority, may be headed to the shredder. The election laws are getting rewritten to benefit, significantly, the party now in power—the Democrats. The House has passed a bill requiring millions of working-class people to join unions and pay dues. The left is saying, don’t worry, this compulsion is going to help the working class. Sure.

A sock-it-to-the-rich tax increase is coming that will make the productive class and the job creators pay their “fair share” with tax rates of 50 percent, 60 percent, and 70 percent.

Will this story have a happy ending?

The answer to that question might be contained in the frightening example of what happened in Chile. It is what our children and college students should be learning in the classrooms—fat chance. The left runs our schools now, too.

Stephen Moore is an economics journalist, author, and columnist. The latest of many books he co-authored is “Trumponomics: Inside the America First Plan to Revive Our Economy.” Currently, Moore is also the chief economist for the Institute for Economic Freedom and Opportunity.
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mac



Joined: 07 Mar 1999
Posts: 16256
Location: Berkeley, California

PostPosted: Sat Apr 10, 2021 3:57 pm    Post subject: Reply with quote

Heritage Foundation, funded by Koch's. That's right Mike, you bought the propaganda without even asking for a little frosting. Meanwhile, China charges on.

Iso's source, according to Source Watch:

Quote:
Stephen Moore, also known as Steve Moore, has been employed by many conservative groups in various roles such as "Senior Fellow," "Visiting Scholar" and "Senior Economist." He founded the Club for Growth and has served on the Wall Street Journals editorial board. Moore is frequently referred to as an "economist" in the media, despite pushback from tenured professors of Economics due to his lack of a Ph.D. in the subject.[1] Moore was nominated to the Federal Reserve Board by President Trump in March 2019,[2] but withdrew his name "amid revelations about decades' worth of disparaging comments Moore has made about women.
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swchandler



Joined: 08 Nov 1993
Posts: 10038

PostPosted: Sat Apr 10, 2021 6:36 pm    Post subject: Reply with quote

Sounds like isobars is really riled-up about "The Squad". It must be keeping him up at night.
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boggsman1



Joined: 24 Jun 2002
Posts: 8587
Location: at a computer

PostPosted: Mon Apr 12, 2021 9:52 am    Post subject: Reply with quote

This guy's taking the word loser to the next level...just keeps on digging.
https://www.politico.com/news/2021/04/11/trump-mcconnell-dumb-son-of-a-bitch-rnc-480748
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mac



Joined: 07 Mar 1999
Posts: 16256
Location: Berkeley, California

PostPosted: Mon Apr 12, 2021 11:13 am    Post subject: Reply with quote

From what used to be considered a conservative voice. When conservative meant something more than hating immigrants.

Quote:
Image without a caption
Opinion by
Jennifer Rubin
Columnist
April 11, 2021 at 7:00 a.m. PDT

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The economy looks ready to take off in a way we have not seen for 30 years. The International Monetary Fund predicts that the U.S. economy "will surpass its pre-pandemic size as growth reaches 6.4% this year .... up 1.3 percentage points from the group’s forecast in January,” CNN reported. The IMF predicts the $1.9 trillion rescue plan will "deliver a strong boost to growth in the United States in 2021 and provide sizable positive spillovers to trading partners,” and, as a result, the “recession is likely to leave smaller scars than the 2008 global financial crisis.”

This was precisely the argument the Biden administration made: The risk was spending too little, not too much. The key to a robust recovery was crushing the pandemic. With Biden’s “whole of government” approach, mass vaccination offers a realistic chance for returning to workplaces, schools and public venues. It is the new confidence in a post-pandemic world that promises to unleash an economic boom.

With more than 900,000 jobs added in March and a manufacturing boom underway, some economists anticipate a 10 percent growth in the second quarter. Corporate America sounds downright giddy about the economic prospects. CNBC reported:


JPMorgan CEO [Jamie] Dimon commented at length on the economy in his annual letter to shareholders Wednesday, and his remarks echoed what many economists expect.
“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,” Dimon wrote. “This boom could easily run into 2023 because all the spending could extend well into 2023.”
If this comes to fruition, Republicans will be hard-pressed to come up with a justification for their utter intransigence on spending plans. And it will be difficult to convince voters that their fake cultural wars — from their attacks on trans youth to complaints about discontinuing some Dr. Seuss titles — are more important than an economic recovery. “Sure, the economy is roaring, you can visit your grandparents, the kids are back out of the house and you can go to a baseball game ... but Dr. Seuss!”
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mac



Joined: 07 Mar 1999
Posts: 16256
Location: Berkeley, California

PostPosted: Mon Apr 12, 2021 3:37 pm    Post subject: Reply with quote

Biden approval rating 53.6%. Up by 14%. Trump never made it above 49%.
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MalibuGuru



Joined: 11 Nov 1993
Posts: 8793

PostPosted: Mon Apr 12, 2021 4:54 pm    Post subject: Reply with quote

boggsman1 wrote:
mac wrote:
boggsman1 wrote:
Have a nice weekend boys--the Biden Boom has been insane since he won the election. God Bless America!


Boggs--how long do you think it takes before you get a sneering response from Virginia?


I don’t think he’ll take the bait this time .. The stock market went nuts from Nov ‘16 -April ‘17, so I doubt anyone will go there..


For the 1st 3 years of Trump you were all crediting Obama.
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boggsman1



Joined: 24 Jun 2002
Posts: 8587
Location: at a computer

PostPosted: Mon Apr 12, 2021 5:45 pm    Post subject: Reply with quote

I don't think so. I credit the massive tax cuts, deficit spending, and perpetual support from the FED, but most importantly a tech explosion that dwarfs the 1990's...
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mac



Joined: 07 Mar 1999
Posts: 16256
Location: Berkeley, California

PostPosted: Fri Apr 16, 2021 12:38 pm    Post subject: Reply with quote

The plot thickens.

Quote:

Spencer S. Hsu and
Devlin Barrett
April 16, 2021 at 9:56 a.m. PDT

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A founding member of the Oath Keepers arrested in the Jan. 6 riot at the Capitol pleaded guilty Friday and agreed to cooperate against others in the case — the first defendant to publicly flip in the sprawling domestic terrorism investigation that has led to charges against more than 410 people.

The plea comes exactly 100 days after Jon Ryan Schaffer and hundreds of other supporters of former president Donald Trump allegedly stormed the Capitol hoping to prevent Joe Biden from being confirmed as the next president. Prosecutors hope Schaffer’s plea spurs others to provide additional evidence in hopes of avoiding long prison sentences.

The plea marks a new stage in the historic investigation, as prosecutors seek to work up the chain of defendants to gather evidence and better understand the full scope of any planning and organizing of the violence — particularly among groups like the far-right Oath Keepers and the Proud Boys. Dozens of members from both groups appeared to act in concert to storm the building, prosecutors have alleged.
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