278
This Is Biden’s Soft Landing, and He Deserves Some Credit
(newrepublic.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 19 Nov 2023
278 points (87.2% liked)
politics
19097 readers
4666 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
I swear to god, it's like you cranks are completely illiterate, both economically and actually. The question was:
I give an answer, and you come in with "Wrong! Only superfluous spending would drop". Yes, genius, that is the death knell of the economy. The economy is set up to sell shit, if shit stops selling, moneyed classes pull the plug and everyone gets fired, and then the salary that buys you more stops existing. And then when the market collapses and everything grinds to a halt, you will spend what money you have on groceries, while Bezos will spend his buying shit up on the cheap, and will walk out of the ordeal owning everything. That's what happened in 2008, and you're deluded if you think it won't repeat. And you people will buy it hook, line, and sinker, because you can't understand an explanation that doesn't have a bad guy.
I love how you conviently forgot that these billionaires' values are 90% derived from stock holdings and intangible assets. They won't have money to buy up everything, liquidating their stock options would only work with buyers being able to pay Bezos out of his positions, or you know a bailout like what happened in 2008 but you seem to forget that and associate it with deflationary policies that where not happening at the time.....
No what happened in 2008 is before the banks that bet bad failed, we bailed them the fuck out setting ourselves up for hyper inflation where riskier and riskier behavior is rewarded at scale due to to big to fail ideologies constantly bailing out failing businesses due to the capital they control.
No one is saying we need a bad guy, we are pointing out the very flawed system we operate in, while you try and defend it saying this is how it should all work, when in reality these principles you think will balance everything are avoided through captured regulatory agencies implementing loopholes for big businesses, like market maker exemptions for naked short selling, or constant bailouts for to big to fail banks.
Wow. Incredible. Not only do you misread what I wrote, you can't even understand what you're writing. Amazing. 100%, completely illiterate.
Nice deflection turned to insult, such great literary and debate skills on display here folks. Bravo