US politics general thread

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greg0205 said:
Did someone call?

Just for clarity Emjay, are "cheap swipes" the same as, let's say, "snarky observations"? Seems to me they're pretty close... Lucky no-one can point at the two of us making snarky observations as we take a swipe at cheap swipes, dontcha think?
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Hahaha.

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You see right through me (and you).
 
I dislike the way that he's been allowed to escape any investigation into his alleged sexual offences, but, he must be treated as innocent unless these are proven.

His testimony, on the other hand, should be enough to preclude him from the job. He's not sufficiently mentally stable. If he was merely a candidate for a magistrates court in RSA I'd still have my doubts. But this job is a lifelong commitment in the highest court in the US, and Mr. Kavanaugh appears to be far from the best candidate.

The Republican think tank that came up with this guy surely had a few other names, names of people who are not so open to criticism?
 
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Yawn,

More fiddling and whining, if any one you read the actual piece in full...

Technically, Supreme Court justices are not subject to the misconduct rules governing these claims. But if complaints against a sitting Justice are not dealt with in an impartial apolitical manner, then there will be an asterisk against Judge Tymkovich and Justice Kavanaugh for the remainder of their terms, and indeed the U.S. Supreme Court itself.
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Nothing will come of it. Just more whining and crying causing a storm in a tea cup.
 
Look who is on the NYTimes number 1 best sellers list. It's so ironic, couldn't help posting this.

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So, what's His Eminence's problem with the Fed now? I thought he understood how economics and markets work.
 
R13... said:
So, what's His Eminence's problem with the Fed now? I thought he understood how economics and markets work.
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He's not 100% wrong...

The constant rise of interest rates have led to selling off of US treasury bonds, which in turn would force another rate increase. Investors are mitigating their risk of an impeding rate increase which stems growth. They are being less risky and more "conservative". The Federal Reserve is directly involved in this. Not the only player, but a player too.
 
R13... said:
So, what's His Eminence's problem with the Fed now? I thought he understood how economics and markets work.
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He needs to blame someone for the coming crash because he made the mistake of claiming Obama's fake growth as his own.

If he stuck to just blaming Obama (and the Fed) for causing this mess with three rounds of QE and mass bailouts he would be both correct and not in need of a new excuse.
 
Pitbull said:
He's not 100% wrong...

The constant rise of interest rates have led to selling off of US treasury bonds, which in turn would force another rate increase. Investors are mitigating their risk of an impeding rate increase which stems growth. They are being less risky and more "conservative". The Federal Reserve is directly involved in this. Not the only player, but a player too.
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The Fed know better though, they anticipate what will eventually happen. The low interest rates environment was another bad idea to respond to other bad ideas. Everyone knows rates must go up, and it is better to do slowly now why the going looks relatives good (ignoring the rest of the iceberg under the surface).
 
R13... said:
The Fed know better though, they anticipate what will eventually happen. The low interest rates environment was another bad idea to respond to other bad ideas. Everyone knows rates must go up, and it is better to do slowly now why the going looks relatives good (ignoring the rest of the iceberg under the surface).
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You are not wrong, but nor is Trump.

I think the interest rate changes are a good thing, it needs to be done. However I think a more prolonged time at which it's done would be better. The rate changes are being done too quickly and this is creating market pressure. It needs to be done, but maybe raise it once a year maybe instead of 3 maybe 4 a year.
 
NarrowBandFtw said:
He needs to blame someone for the coming crash because he made the mistake of claiming Obama's fake growth as his own.

If he stuck to just blaming Obama (and the Fed) for causing this mess with three rounds of QE and mass bailouts he would be both correct and not in need of a new excuse.
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If he wanted to just keep blaming others he needs to then admit the reason QE started and the massive spending in the Bush era. He's unfortunately not honest and is a hypocrite. He'd need to also keep whining about what he called cop-out with the calculation of employment rates. He's painted himself into a corner and with the near certainty that he'll get re-elected (hard for incumbents not to get given a 2nd bite) then he'll be around when everything falls of the cliff. He'll probably blame others for that though.
 
R13... said:
The Fed know better though
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In the history of the Fed they have never known better. They have not avoided any significant crash in their history and have created massively skewed markets and extreme volatility i.e. they have achieved the exact opposite of what their stated goal and mandate is.
 
R13... said:
If he wanted to just keep blaming others he needs to then admit the reason QE started and the massive spending in the Bush era.
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How did Bush's spending create a sub-prime housing bubble? Because THAT is the reason for QE btw.

It also does not matter what the reason was for starting QE, the fact remains it should not have been started at all, the people who chose to start it are to blame 100% ... which is Obama and his Fed ...
 
NarrowBandFtw said:
How did Bush's spending create a sub-prime housing bubble? Because THAT is the reason for QE btw.

It also does not matter what the reason was for starting QE, the fact remains it should not have been started at all, the people who chose to start it are to blame 100% ... which is Obama and his Fed ...
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Bush's spending when it wasn't really needed just increased the already ballooning public debt which has just been growing, partly during the Obama years, and now continuing because no one president is brave enough to make the cuts needed to stem the tide for fear of the potential backlash.
 
R13... said:
Bush's spending when it wasn't really needed just increased the already ballooning public debt which has just been growing, partly during the Obama years, and now continuing because no one president is brave enough to make the cuts needed to stem the tide for fear of the potential backlash.
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Obama essentially doubled the public debt btw, the entire debt, of all past presidents, combined.

But in general sure I agree with that whole statement, that is just not the trigger that unleashed QE, the sub-prime crises was. QE should never have been done, nor should any banks have been bailed out. If they did that there would have been a real recovery in the US by now.
 
NarrowBandFtw said:
Obama essentially doubled the public debt btw, the entire debt, of all past presidents, combined.

But in general sure I agree with that whole statement, that is just not the trigger that unleashed QE, the sub-prime crises was. QE should never have been done, nor should any banks have been bailed out. If they did that there would have been a real recovery in the US by now.
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Yes, I agree, QE should not have been undertaken. That too big to fail nonsense was bs - if they'd rode it out they'd be out of the woods by now but politicians being politicians went with quick fixes and kicking the can down the road. The US were not alone either with free money printing.
 
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