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America's economy- failing

newtboy says...

Oh no….is a red hurricane coming?
We still haven’t recovered from the red tsunamis in 2020 and 2022….say it ain’t so!

Republicans have already FAILED to raise the ceiling on time and are now playing chicken with the economy while also wrestling over who gets to drive the party…and not one has any idea of where you want to go yet or even how to drive (there’s absolutely no plan for what they want, just “spending cuts” which they think is SECRET code for “end social security and Medicare”)

Republicans printed 1/4 of every dollar circulating today under Trump out of thin air…actually worse, printed money as the economy was contracting as never seen before. Make more dollars without something of value to back them/you make each dollar worth less. Simple enough for even you to grasp….that’s called inflation.

Republicans totally failed at anything related to the pandemic, public health, economic, transportation, shortages, fighting against gouging, by every measure an “F-“.
Republicans pumped money in through their unregulated PPP loans and other unregulated easily defrauded programs they then defrauded by making up fake companies, taking millions, getting repayment amnesty, and buying Lamborghinis and mansions with the cash in many cases. MTG took huge sums she didn’t repay for one, then bemoaned student debt amnesty as a giveaway.

Rep(uglicans) ARE the fault of this mess as you so elegantly put it.

bobknight33 said:

Unemployment low. : For now
Gdp high. lowing down
Inflation falling. : Because lack of $ in pockets
Markets rising. : Nope Going sideways last few months
Sounds good to me. : Calm before the storm.


Republicans will raise the ceiling. Rep not the fault of this mess.
Covid lock downs and too much Gov $ dumped in the system too quickly

bobknight33 (Member Profile)

newtboy says...

Aaaaahahaha!
One private school followed the public school law in Texas and banned the Bible for glorifying explicit sexual and violent content…and the right has lost their hypocritical shit!
Enjoy reaping what you sow.

Edit: bonus- Trump was just deposed in the Eugene Carrol rape case, and as a civil case he could invoke the 5th but the jury can assume guilt because he pleads the 5th, so he actually testified for 7 hours. Now that deposition, which included questions the answers to which Bragg wanted on the record before prosecuting Trump for bank and tax fraud for fraudulently over/under valuations properties for loans/taxes.
Suddenly not filing this case last year when the investigators brought it to him is genius, because otherwise the civil deposition wouldn’t have happened for years if ever and he would have less evidence.

Added bonus- WI republicans hijacked the emergency alert system during a blizzard/tornado outbreak to fake an emergency alert that was in fact a political ad against the Democratic Supreme Court candidate. More evidence that respect for laws, morals, and ethics aren’t part of the Republican Party.
Happily thanks to this and other blatant Republican disregard and distain for the law, the Democratic candidate won by double digits in conservative Wisconsin.

bobknight33 (Member Profile)

newtboy says...

Trump Media and Technology Group as of late last year has been under investigation for potentially being involved in a Russian money laundering scheme.
Toth Senchal was hemorrhaging money, and had a year wait before their planned (now cancelled) merger, so Trump went begging to Russia.
2 Caribbean banks owned in large part by a Putin ally and Russian oligarch loaned Toth Senchal $8 million…the company’s CFO warned at the time this was Russian money coming from sanctioned Russians and should be returned but they couldn’t afford to give it back so they fired the CFO instead…he’s talking.
This IS a CRIMINAL investigation, with DJT and little Jr both listed as CEO, both signed off on these loans from Putin. Just one more criminal case involving MAGA selling influence to Russia.

Bonus- Georgia criminal grand jury interviews sound disastrous for Trump.
“A lot’s going to come out sooner or later and it’s going to be massive. It’s gonna be massive.”
“If every person in America knew every word of the information we knew, this country would not be divided as it is right now.”
“I became more jaded about American politics when it became clear some witnesses would say one thing about the election under oath then casting doubt on the system when they returned to the campaign trail sometimes hours later.”
Not what you want to hear as a defendant in America’s most massive election fraud ever, the big lie.

bobknight33 (Member Profile)

newtboy says...

Ruh-roe! Seems Jack Smith filed a motion to dissolve attorney client privilege for Trump’s lawyers based on the crime/fraud exception.
Since his lawyers swore under oath there were no more classified documents in Trump’s possession before literally thousands of classified documents were found being hidden in multiple places with multiple warrants, swore a thorough search had been done when they knew it had not, they ARE all complicit in the crimes, so no privilege exists. They will be forced to testify and will lose their law licenses and may still see prison.
D’oh!

Also, Trump’s incompetent fraud architect of the capitol, who is not an architect and has zero experience in conserving historic buildings or restoration, was finally fired for massive abuse of power, extreme incompetence, ethics violations, and extreme misconduct including but not limited to his office leasing 3 luxury cars for his family and repeatedly impersonating a Capitol police officer. Every Trump appointee is a criminal fraud with no experience in the job they were installed in. The shallow state.

As a side note, DeSantis was caught hiding his order to ban firearms from his own events and insisting the venues ban firearms without his public involvement or statements so he could pretend it wasn’t on his order and not under his control, but it was. Another case of “do as I say, not as I do” from righties.

Bonus- The Trump Building is about to go into default, Trump’s biggest asset, and is severely underwater and losing more tenants while expenses rise. He can’t get ANY new loans because he’s cash poor and is about to lose $250 million in just one of many court cases, and is about to lose this one time $400 million building.

Second bonus- the Smartmatic 2.7 billion lawsuit against Fox progressed again, with the judge ruling Fox did slander/libel Smartmatic with malice, having knowledge that what they reported was false.

bobknight33 (Member Profile)

newtboy says...

He paid back one near $500 million loan early, but not the billions in subsidies that made Tesla and Elon’s other companies possible….but continues to argue that others should not get the benefit of the same helping government hands he used to become a billionaire.
https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12

bobknight33 said:

If memory serves me correct that was back a decade ago and they paid it back. FYI Ford and or GM also took the cheese , about 11 billion.. They did not pay it back.

Hand out are wrong --- Just like the Inflation deduction act -- Just gov cheese buying votes / keeping .. Also it does not reduce inflation - opposite

bobknight33 (Member Profile)

newtboy says...

I wonder….are you aware that to stay afloat, Tesla has taken $3 BILLION in government EV manufacturing handouts (subsidies and free loans)…so you owe most of what you made with Tesla stock to Obama. Just an fyi.

bobknight33 (Member Profile)

newtboy says...

More MAGA felony election fraud…..
felony plea agreement for campaign finance violations by MAGA Republican candidate Lynda Bennett who was a close family friend of Mark Meadows and supported by Donald Trump who knowingly and willfully accepted a $25000 campaign donation far in excess of the yearly limit and claimed she personally loaned that to her campaign to hide it.
Another one bites the dust.

bobknight33 (Member Profile)

newtboy says...

Ruh-roe….the Durham report on the “Trump-Russia witch hunt” is FINALLY coming to light….remember, the special investigation into the Steele dossier and other whistleblowers that made accusations of Trump criminality…turns out it DID become a criminal investigation just like far right propagandists reported gleefully…but they were claiming falsely it was the whistleblowers and leftist politicians’ criminality…turns out it was actually Trump that was being “investigated” for international bank fraud and money laundering in Italy, but Barr hid the “investigation” and the facts while outright lying to the American people to support and protect Trump, again.

This WAS the investigation into the “weaponization of the federal government” and “RUSSIA-RUSSIA-RUSSIA” collusion “hoax” impeachment Barr started in 2019 that completely failed to find any fraud or hoax, failed to vindicate any of the dozens of Trump administration convicts, failed in prosecuting anyone, and only found criminality from Trump which they covered up and never referred for prosecution.

Now the Republican house intends to waste tens of millions more trying the exact same investigation again because they can’t accept proven fact.

Expect similarly self accusatory results from insurrectionist MAGA morons. The weaponization of the federal government was a Trump administration feature, if they actually look that’s what they’ll find (and try to hide).

Side note- to prove how serious they are about ending corruption, Republicans seated the total fraud and criminal “Santos” on the small business committee that oversees the PPP loan program, a program abused to the tune of billions by mostly right wing “business owners” including some Republican representatives that individually took millions and never paid a dime back but cry we can’t afford school debt relief.

Putting the fraud Santos in charge of this often abused program is 100% proof positive the Republicans plan to defraud it further and steal billions more from the treasury.
But you don’t care, he wears a red tie.

bobknight33 (Member Profile)

newtboy says...

Why not, if you had gotten away with it for decades by “buying politicians” ?

The truth here is his taxes prove his shady dealings by what’s missing…like a $15 million “gift” from China he didn’t report (among others). Also by devaluations property he over valued for loans. That’s bank fraud.
He thought he kept the foreign bribes off his taxes, like the $15 million handout from China he didn’t pay taxes on anywhere. The problem is fewer and fewer people are willing to take the hit for him, and it’s all coming home to roost.
Remember, he immediately installed his people in the treasury and IRS, people who bent and broke long standing rules and laws to HIDE his taxes from everyone including congress while not doing the required audits he falsely claimed were ongoing.

There’s so much there there that multiple officers in his businesses pleaded guilty to multiple frauds on his behalf. If you think he was close to honest with his taxes, you’re blatantly lying to yourself now.

I attempt to sway people to be pro-fact. That just happens to always mean anti-trump because he is anti-fact.

Those FBI troll taht were on Twitter? I see you’ve bought more delusional lies without looking at facts…if I decipher the pigeon correctly. I assume you’re referencing the exaggeration about the “Twitter files” that claim some such nonsense despite the report saying nothing of the sort….but you wouldn’t read it, you might learn something (don’t worry, it’s highly unlikely based on your past).

More projection, more baseless accusations that are in reality blatant admissions. You’ve lost all credibility to the point where it’s more than reasonable to reply to any accusation with gratitude for the admission of your own guilt. It’s obvious who is the fool, who is the troll, and who offers verifiable fact with references as arguments, I have zero fear that even a few agree with you (that aren’t your sock puppets).

bobknight33 said:

If I were to do shady illegal deals I would not want it on my Taxes.

So Again no there here.
Net are you 1 of those FBI troll taht were on Twitter ? You sure do you best to sway people. to be Anti Trump.

OR are you just a fooled troll?

bobknight33 (Member Profile)

newtboy says...

Odd, the Trump unsupervised PPP “loans” that Cons all took advantage of, then had forgiven (the same rich people who fought against student loan forgiveness)….that has no impact I guess?

Yeah…the timeline says no, not really. The QE and handouts happened in 2020 and early 21 as Tesla was skyrocketing, not what made them crash. You are just blathering.
Remember, you 100% denied the insane unheard of level of QE Trump did had anything to do with inflation, proving you have 0 grasp of economics.
Pumping money into the system is the only guaranteed way to cause inflation, and Trump did it more than any other president in history. He saw it as a way to spend more off the books. In fact, it was an unapproved tax on every American in the form of massive inflation you simply blamed on Biden for years. Kind of hard to swallow your sudden realization that printing money hurts the economy when you absolutely denied it when your guy printed money….over 40% of all money ever printed was printed in 2020. Where was this bob in 2020? It’s true, the money printing by Trump and to a much lesser extent Biden increased inflation significantly…but that doesn’t account for Tesla crashing twice as bad as other car companies.

He’s correct, we will end the fossil fuel industry. Importantly he gave no timeline in your clip. Reality is under Biden oil and gas production is up….but refining capacity down. The only way he could directly effect that is nationalizing oil and gas companies and forcing them to lower their profit margins to pre pandemic levels.
Reality is you were simply lied to, again, we were not a net exporter of energy under Trump. Only during the summer, in winter we imported more than we shipped out in summer. Net importers.

https://www.usnews.com/news/top-news/articles/2022-12-19/u-s-poised-to-become-net-exporter-of-crude-oil-in-2023

Since you’ve been misled, you should understand Biden only halted NEW leases of federal oil fields until the companies that want them use the leases they already have. Oil companies want to buy the fields but not drill, creating more shortages and higher prices/profits. Biden insists they make use of the land already leased before locking out tens of millions more federal acres from exploitation by their competition or any other use.

We still export oil, and import it. Our refining capabilities went down under Trump when he ok’ed the sale of the biggest refinery in America to the Saudis and they instantly cut production. In 2020, our demand went down, but not below our production.

Oil companies lost a combined $76 billion over 2020, then made over $2 trillion profits 2021 and $4 trillion 2022. Utter bullshit it’s just making their losses back. An outright bold faced lie that relies on ignorance of any facts to be believed.

Trump ok’ed the murder of American citizens by the crown prince, bragged about protecting him from murder charges. Trump gave the Saudis top secret information about dissidents in their country which they paid son in law Kushner $2 billion for then murdered them. These included people working for America.
Trump also sold the Saudis our refining capabilities without which them being pissed would make no difference if we were actually a net exporter (we aren’t, never were) and still owned our infrastructure (we don’t), the evil murderous Saudis would have no leverage at all. Duh.

bobknight33 said:

QE Quantitative Easing
helicopter $ All those Gov Checks that kept people home.

Gas policy. Biden want to kill the oil industry. Transition to cleaner forms of energy is great but you can't just switch off our dependency of oil.



https://youtu.be/PIbrBk9b1Hg

https://youtu.be/Dtf4Q_qzx44


under Trump we were a net exporter of oil. Now we need to import.
oil companies are reporting record breaking profits. But it follows pandemic-fueled losses.
Biden pissed the Saudis over the assassination of the dissident journalist Jamal Khashoggi so they say no oil for you, Joe..

When the SPR is depleted or stopped being used what do you think will happen to gas prices?

bobknight33 (Member Profile)

newtboy says...

Santos has now admitted everything he claimed about himself was an outright lie.
He never worked for the companies he claimed.
He never graduated from anywhere.
His grandparents didn’t flee the holocaust.
His animal rescue charity is a total fraud that never rescued animals.
He was homeless, pennyless, and jobless, then 1 year later somehow loaned his campaign $700000 he claimed he made running a family real estate company that owns no real estate and has no clients.
And don’t forget he’s actually in real life a fugitive from Brazil that stole check books from the elderly invalids his mother cared for and bankrupted them by stealing all their money.
Guaranteed no Republican/MAGgot thinks any of that disqualifies him in any way, but would be absolutely insistent he never be sworn in if it were a Democrat lying about any one of these things.
More MAGA lies and liars, more MAGA criminals. Everyone of you is a liar, every single thing you say is a lie or at best delusional.

Tesla’s down ANOTHER 8% today. Oof.

bobknight33 (Member Profile)

newtboy says...

Trump Corp and Trump Payroll Corp guilty on all fraud counts for multiple, massive, at least 15 year long criminal tax fraud schemes including falsifying business records and outright lying to the IRS to avoid millions in taxes. Felonies.
D’oh. Not a great start to Chump’s presidential bid….more proven business fraud.

Also his $20 million loan from N Korean tied Dae Woo for his campaign came to light after being illegally hidden as a loan to Trump Corp. but used for Trump personally.

Beau schools on schooling: why 'FREE' scares Biff & Babs

newtboy says...

1) in the 50’s, the time period MAGA wants to return to, colleges were often free with higher admission standards. Do you advocate free college for anyone qualified?

2) there’s a shock

3) that goes for abortions too, if you really want it you’ll find a way, but the “ways” left are all dangerous.

4) you said he was successful despite the fact that he left high school to support his family before…but ok, now he graduated public high school, and is the smartest man you know. Telling.
My mother graduated Rice university Suma Cum Laude then returned for a masters in English. Dad graduated in the top 1% of his class from Stanford with a chemistry major, then started a highly successful international high tech insulation company making insulation for nuclear power plants in the 70’s. (Your dad may have worked for my dad. Is his name Frank F?)

5) Neither could have succeeded as they did if they had to pay today’s rates for college, or if each had hundreds of thousands in debt to pay back. Both scored 1590 on their SAT. Neither got scholarships or loans (Rice was free, dad’s parents and part time jobs paid for Stanford). Neither “fucked around”.

6) Colleges charge more because people will pay it, because a degree is an absolute necessity to be successful in the business world (unless you inherit tens of millions). If you drop the amount people can borrow for school, they’ll just accept intellectually poorer students (like you) that CAN pay. Supply and demand….that doesn’t mean you discount your in high demand product because your preferred customer can’t afford it so long as someone can. Duh.

bobknight33 said:

1)Truly there should be a helping hand to bright students who can't get a scholarship, loans to to to higher education.


2) I was poor student , didnt care about it got low grades.

3) Dads motto -
IF you want something bad enough you will find a way.

4) Dad was a HS grad and was writing quotes for Navy Nuclear and many other million $ bids. Smartest man I know.

5) higher education should place a finical burden on you - You will work harder because you can't afford to fck around.

6) That being said college / universities are over charging and raping students more and more every year.

? do college charge more because they know that the student can get the loan? I think so.

I think If you drop the amount a student can get in loans I sure tuition will drop to that level --- Supply and demand.

bobknight33 (Member Profile)

newtboy says...

So apparently Trump’s final (secret) move in office was to erase the “red flags” on 2.7 million PPP loans that would have caused the recipients to be investigated, and most would have been forced to return the money. All loans over $2 million had red flags erased, apparently the smaller loans didn’t get the same treatment, the most common red flag was that the companies didn’t exist in February 2020. (They were created on paper to defraud the PPP loan process set up by Trump’s administration with no oversight intentionally to allow fraud.)

$190 BILLION worth of flagged >$2 million loans to millionaires he demanded not be investigated for obvious fraud and instead be totally forgiven.

Kinda puts a damper on the “we can’t afford student loan forgiveness” of loans in the tens of thousands to the needy when we can afford fraudulent millionaire loan forgiveness of loans in the millions to millionaires, and tax giveaways to them in the millions at the same time.

More Republican crime covered up by Trump. Another $190 BILLION handed to millionaire crooks by their public spokesman….after $2 TRILLION in tax breaks.

In case you missed it, Trump’s Proud Boys are pleading guilty to seditious conspiracy, admitting they were attempting a coup for Trump at his direction and with some direct assistance and communication directly from highest ranking members of his administration (Stone, Giuliani, secret service agents) that knew what they were doing ahead of time.
They stood back and stood by until Trump called them to help with his coup. That’s treason. All parties complicit in the conspiracy are guilty too…that includes Trump and his family.
The sentence for treason is death. America may soon inherit a number of deep in debt golf courses! (Unless some nut with high powered guns they shouldn’t have takes matters into their own hands)

Beau schools on schooling: why 'FREE' scares Biff & Babs

luxintenebris says...

https://theintercept.com/2022/08/25/student-loans-debt-reagan/

holds water. at the time, thought with derisive cyniscism 'why is he doing this? maybe he wants to be sure the GOP has enough voters!'

held that thought privately until it became obvious.

yeah. most enlightened (the truly bright) find education a gift that all people should be given. ben franklin, Andrew Carnegie, et al knew the deep effect of education on a people/nation/society.

'sides, doesn't do the US well to have hungry air force personnel mistakenly launch missiles when they thought the button said 'lunch'.

draak13 said:

I think this argument is invalid from the standpoint of what groups of people he is talking about. The people who tend to value free education by supplementing with tax dollars tend to vote democrat. People who want to keep education expensive and withhold tax aid tend to be republican. Particularly in these modern times: the exit polls show that the more educated you are, the more likely you were to vote democrat. The most educated people seem to be electing those who would like to make education low cost.

Given this, the argument that 'education is kept expensive to keep competition down' is unlikely (though not impossible) to come from an educated person...because the statistics show that this tends to not be the values of an educated person. The educated 'club' tends to value exactly the opposite, and wants everyone to be educated.



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