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boggsman1



Joined: 24 Jun 2002
Posts: 8926
Location: at a computer

PostPosted: Tue Sep 27, 2022 9:48 am    Post subject: Reply with quote

Steve... The notion that Democrats are in bed with "big business" is insane.
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real-human



Joined: 02 Jul 2011
Posts: 13882
Location: on earth

PostPosted: Tue Sep 27, 2022 9:49 am    Post subject: Reply with quote

MalibuGuru wrote:
vientomas wrote:
MalibuGuru wrote:
swchandler wrote:
Bard, you are a fool if you believe that Republicans aren't in corporate America's thrall. Just look at the problem of climate change to see which party is pushing on corporate America for restricter regulations and other important changes needed into the future. Think about it.


Hahaha, study world history please. Corporate America understands who's in power. They vastly support Democrats. More importantly, by putting up obstacles to competition they insure their hold on market share. When was the last time you heard the DOJ prosecuting an antitrust case.

Melonis roots to fascism are no different from Democrats roots to slavery and segregation.


No time to mince words. You are a dumb mother fucker.

Study history!? LOL

https://www.brennancenter.org/our-work/research-reports/citizens-united-explained


You've proven your intellect.. idiot. Mussolini and Hitler sided with big business and the media, just like your party.


moscow malibu barfie, as noted by recent post you are as dumb as they come with you lies about big business. As you know oil gas is one of the largerst businesses here and in the world. and you are saying they are supporting dems, you dumber than a rock idiot. Then we have what medical, phama, defence, chemical, mining, banking, insurance, reratail, and on and on, like walmart likes dems, so those are just the general examples, we see Koch family, coors family, amway family, Peter tiel, and another hundred billionaires and just a handful of dems like Sorros for dems. We see UAE give to trump party planner 1.5 billion dollars, SA give Kushner 2 billion and trump sec of stupidity 1 billion this year.

Just the 1.5 billion UAE gave to trumps party planner is more than Hillary was able tohave for that election she did have more votes. again more money by one country than Hillaries the entire campaign spent.

you are a traitor and liar... no examples by you. Start a thread on how much dems get. Again dems just again tried to pass a law that required all money in political campaigns to be disclosed, you and your right trust funders blocked it.

_________________
when good people stay silent the right wing are the only ones heard.
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mac



Joined: 07 Mar 1999
Posts: 17338
Location: Berkeley, California

PostPosted: Tue Sep 27, 2022 9:59 pm    Post subject: Reply with quote

mrgybe wrote:
boggsman1 wrote:
On its face yes .. But to get more on shoring of chips , you need to incentivize because it costs way more than producing them in Taiwan. So, if the US wants to bump domestic production from 8%, they'll need to fund these massive fabs..

So Intel made large profits by outsourcing to cheaper jurisdictions, and now taxpayers are going to give them $10 - 15 billion to bring some of it back? Capitalism at its finest, but at least a little more defensible than allowing millions to renege on their debts to get their vote.

We can't keep printing money and giving it away. Finally, the Fed seems to get it. Joe's handlers won't until the midterms are over. Real leadership.


Sigh. The last apologist for the British Raj blames everything that is going on in an international economy on Biden. While his whacky loser opponent in 2020 doubles down on criminal activities and Qanon. Mean while, back in the land of Brexit and consrrvative leadership:

Quote:
By David J. Lynch and Karla Adam
Updated September 26, 2022 at 2:43 p.m. EDT|Published September 26, 2022 at 6:03 a.m. EDT


British pound falls to all-time low against U.S. dollar
1:37

The British pound hit an all-time low against the U.S. dollar on Sept. 26 following the new government’s move to enact sweeping tax cuts.

Fresh turmoil swept global financial markets on Monday, as investors rejected the British government’s bet on a risky economic strategy, sending the pound to an all-time low against the surging dollar and prompting the Bank of England to issue an unusual statement of reassurance.

The three major U.S. stock indexes fell, with the Dow Jones industrial average losing more than 1 percent and sinking into a new bear market. So far this year, the Dow has lost more than 20 percent of its value.
Tumult in the U.K., by itself, is unlikely to push the weakening global economy into a recession, economists said. But the reaction to events in London reflects the fragility of investor sentiment amid pandemic, war and historic inflation.
“The global economy is very far out of equilibrium. So when you get a shock, the ramifications are much greater than they would be otherwise,” said Eric Winograd, senior economist with AllianceBernstein in New York. “A stiff gust of wind can blow the whole thing over.”
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Monday’s upheaval was triggered by investor fears that British Prime Minister Liz Truss’s proposal to increase government borrowing to pay for tax cuts will worsen inflation, which is already near 10 percent. Market reaction to the U.K. growth plan released on Friday — which some analysts likened to President Ronald Reagan’s 1980s approach — has been seismic. Since Thursday, the yield or interest rate on the British government’s five-year bond has jumped by a full percentage point, an enormous move by bond market standards.
The U.K.'s crisis is largely homegrown, as a new Conservative government grapples with the economic fallout from the pandemic, rising energy costs and the lingering effects of the country’s withdrawal from the European Union. But the continuing swings in stock and bond values on both sides of the Atlantic are the latest sign that the Federal Reserve and other central banks have unleashed a fundamental change in the global financial climate by sharply raising interest rates.
Central banks in almost every major economy are tightening credit in hopes of cooling pricing pressures. Those higher rates are roiling currency markets and forcing investors to reassess the value of stocks and bonds that they purchased assuming interest rates would remain near zero.
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“The global environment is now very, very different,” said Neil Shearing, global chief economist for Capital Economics in London.
Five Fed rate hikes since March have lifted short-term interest rates by three percentage points, drawing foreign investors to the dollar. The greenback is up more than 19 percent against a basket of foreign currencies so far this year, which should help reduce U.S. inflation by making imported products more affordable. But at the same time, the stronger dollar is causing problems for U.S. trading partners.
Global economy weakening amid inflation fight, war and lingering pandemic
In the U.K., the pound fell early Monday to an all-time low of $1.03. The Bank of England, which raised its benchmark interest rate the day before the government issued its new stimulus proposal, resisted calls on Monday for a further emergency increase. Instead, the Bank of England issued a bland statement, saying it was “monitoring developments in financial markets very closely in light of the significant re-pricing of financial assets.”
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The bank said it would make “a full assessment” of the government’s plan at its November meeting and would “not hesitate to change interest rates by as much as needed” to control inflation.
On Monday, the People’s Bank of China said it would make it harder for traders to speculate on the yuan’s continued decline against the dollar. The Chinese currency is approaching its lowest point against the dollar since the 2008 financial crisis.
Dollar strength also prompted the Japanese government last week to intervene in foreign exchange markets for the first time since 1998 to support the yen.
Developing countries that borrowed dollars from global banks face higher repayment costs as their currencies sink in value. Likewise, the dollar’s primacy in global energy markets means heavy importers of oil are watching their bills tick higher.
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The U.K. episode comes as investors continue digesting the latest Fed rate hikes while bracing for similar moves this week by central banks in Mexico, Colombia, Thailand, Hungary and Nigeria. Bondholders worry that the Fed will need to raise rates much higher to defeat inflation, thus eroding the value of existing securities. And stock market investors fear that same aggressive monetary tightening will eat into corporate profits and send shares tumbling.
“The proposal has really increased uncertainty and really caused people to question what the trajectory of the economy is going to be,” Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said in a Washington Post Live interview.
The pound’s slide works to the benefit of American tourists, as it allows their dollars to go further. But it is anxiety-producing for British households, which were already contending with soaring energy bills and rampant inflation. They may soon confront higher costs for imported goods and services, including fuel, vehicles and food.
Who is Liz Truss, the U.K.’s new prime minister?
Though Truss had pledged tax cuts during her leadership campaign, the scale of the cuts still shocked many economic observers. “In the current economic environment it is a huge gamble,” wrote Thomas Pope, an economist with the Institute for Government.
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On Friday, Kwasi Kwarteng, the new chancellor of the exchequer, or finance minister, announced a package of cuts worth 45 billion pounds ($48 billion) — amounting to the biggest shake-up to the British tax system in 50 years.
It is also a major shift from the policies of Truss’s predecessor, fellow Conservative Party member Boris Johnson, who last year announced tax increases to help cover the costs of the coronavirus pandemic.
Under Truss, the government has slashed the top income tax rate of 45 percent for those making more than 150,000 pounds ($160,000) a year and scrapped the cap for banker bonuses — moves that will predominantly help more-affluent citizens in hopes that they will increase their spending.
In a broader-reaching measure, the government will cap energy bills starting in October — at a cost of 60 billion pounds for six months.
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European governments are eyeing similar programs to insulate consumers from higher energy bills. But instead of borrowing money to fund the new spending, they are mulling tax increases on some energy producers. “The U.K. is very much an outlier,” Winograd said.
Investors say the British government’s tax-and-borrow plan is ill-designed and self-defeating. Pumping more borrowed money into the economy with inflation already near 10 percent will only cause prices to rise faster, they said.
Plus, the U.K. needs to attract foreign money to finance its trade and budget deficits. In the first quarter of the year, the U.K. ran an 8.3 percent current account deficit, the widest measure of the country’s trade performance, while the government also spent much more than its tax revenue.
“The market thinks they have unsustainable twin deficits,” said Marc Chandler, managing director for Bannockburn Global Forex. “And what it takes to get the foreign money to finance them is higher rates and weaker sterling.”
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The pound’s drop comes about two months after the euro reached parity with the dollar for the first time in nearly two decades. The euro had been losing ground all year in part because of economic upheaval from the war in Ukraine that has disrupted food supplies and sent energy costs soaring around the world, especially in Europe.
Mike Riddell, a senior fixed-income portfolio manager at Allianz Global Investors, said the weakening pound is not “necessarily a symptom of European recession.” Rather, investors are starting to become skeptical of Britain’s ability to fight inflation.
“The scary thing is that the global economy is yet to feel the impact of all the rates hikes we’ve seen around the world in the last few months, because it takes about a year for monetary policy changes to have an impact on the economy,” he said in an email.
In many cases, a weaker currency may be advantageous, for example, in making British exports cheaper for consumers in the United States — and so a weak pound will boost overseas sales for companies that are export-oriented. But it means anything denominated in dollars, such as energy costs, will soar for consumers.
The new British government hopes that by slashing taxes and regulations, it will be able to generate growth that will help to fund public services and eventually pay down the debt.
John Hardy, head of foreign exchange strategy at Saxo Bank, said the pound was sliding because the government’s math isn’t reassuring investors.



We’ve seen this movie before. Voodoo economics.
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MalibuGuru



Joined: 11 Nov 1993
Posts: 8959

PostPosted: Wed Sep 28, 2022 1:16 pm    Post subject: Reply with quote

boggsman1 wrote:
Steve... The notion that Democrats are in bed with "big business" is insane.


90% of media
100% of big tech
Vast majority of Dow companies following woke and climate protocols

Insane?
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swchandler



Joined: 08 Nov 1993
Posts: 10486

PostPosted: Wed Sep 28, 2022 1:36 pm    Post subject: Reply with quote

Bard, you ever wonder why Republicans can't seem to compete for control in media and big tech corporations? I guess Fox News is the exception, because they have learned to lie and fish for fools on your side of the fence.
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MalibuGuru



Joined: 11 Nov 1993
Posts: 8959

PostPosted: Wed Sep 28, 2022 2:36 pm    Post subject: Reply with quote

coachg wrote:
Interesting. Non—vaccinated people are dying at a rate of approximately 7.8740 times more than vaccinated people in San Diego. So what’s new?

Coachg


That's complete bullshit. Non covid deaths are up so high that the insurance institute says non covid mortality is a 500 year event. Catastrophic. Even JAMA is warning against pregnant women and moms breastfeeding if they've been vaccinated. Denmark warning against etcetera.
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mac



Joined: 07 Mar 1999
Posts: 17338
Location: Berkeley, California

PostPosted: Wed Sep 28, 2022 2:50 pm    Post subject: Reply with quote

MalibuGuru wrote:
boggsman1 wrote:
Steve... The notion that Democrats are in bed with "big business" is insane.


90% of media
100% of big tech
Vast majority of Dow companies following woke and climate protocols

Insane?


Once again your ignorance is showing. Much of the big tech founders are hard right libertarians who hate rules, regulations, redistribution of wealth. Start with Sergei Brin and Elon Musk--and then apologize profusely.
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boggsman1



Joined: 24 Jun 2002
Posts: 8926
Location: at a computer

PostPosted: Wed Sep 28, 2022 3:01 pm    Post subject: Reply with quote

MalibuGuru wrote:
boggsman1 wrote:
Steve... The notion that Democrats are in bed with "big business" is insane.


90% of media
100% of big tech
Vast majority of Dow companies following woke and climate protocols

Insane?


I disagree with the commentary...
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mac



Joined: 07 Mar 1999
Posts: 17338
Location: Berkeley, California

PostPosted: Wed Sep 28, 2022 3:19 pm    Post subject: Reply with quote

MalibuGuru wrote:
coachg wrote:
Interesting. Non—vaccinated people are dying at a rate of approximately 7.8740 times more than vaccinated people in San Diego. So what’s new?

Coachg


That's complete bullshit. Non covid deaths are up so high that the insurance institute says non covid mortality is a 500 year event. Catastrophic. Even JAMA is warning against pregnant women and moms breastfeeding if they've been vaccinated. Denmark warning against etcetera.


When your head is in the sewer—or some other dark place—you think everything smells like shit. With your eyes closed, you can’t see the basic facts. Like how deadly it is to be unvaccinated.
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coachg



Joined: 10 Sep 2000
Posts: 3405

PostPosted: Wed Sep 28, 2022 4:01 pm    Post subject: Reply with quote

MalibuGuru wrote:
coachg wrote:
Interesting. Non—vaccinated people are dying at a rate of approximately 7.8740 times more than vaccinated people in San Diego. So what’s new?

Coachg


That's complete bullshit.


Interesting. Only you would post data that shows non-vaccinated people are dying at a rate of approximately 7.8740 times more than vaccinated people in San Diego & then say that what you posted is "complete bullshit".

Every time I think a dumb MAGA quote is the all time, all time dumbest thing I will ever read, out you come with something else. Amazing. Laughing Laughing Laughing

Coachg


Last edited by coachg on Wed Sep 28, 2022 10:16 pm; edited 1 time in total
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