Real World Event Discussions

A thread for Democrats Only

POSTED BY: THGRRI
UPDATED: Sunday, September 6, 2026 15:36
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Tuesday, September 1, 2020 7:37 AM

Quote:

Originally posted by 1KIKI:

Hey lookatthat! Trump stopped the hemorrhaging! I didn't realize he was that successful!

You better look again. Go to Federal Reserve and run your cursor along the graph at: https://fred.stlouisfed.org/graph/?g=uWpx

Trump's failure to bring factory jobs back to America still cost a fortune. The price of failure is the Cost of Tariffs

Like most taxes, tariffs on goods and services get passed along to consumers in the form of higher prices. The cost of these tariffs has amounted to a steady $300 per household per year, adjusted for inflation, since the Reagan era, but that changed two years ago when President Trump imposed an array of new tariffs on foreign goods. American households now pay an average of $700 each in tariffs, more than double what they’ve paid under previous administrations.

https://www.motherjones.com/kevin-drum/2020/08/fact-of-the-day-the-cos
t-of-tariffs
/

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Tuesday, September 1, 2020 11:05 AM

Hmmm ...would you rather pay $400 over a year (a bit over a buck a day) and have a job making $25K a year ... or save the $400 and not work at all??

Yeah, it's a tough choice.

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Tuesday, September 1, 2020 11:08 AM

democrats, democrats, democrats ...


California to Set Up Task Force to Examine Slavery Reparations
https://pjmedia.com/news-and-politics/rick-moran/2020/08/30/california
-to-set-up-task-force-to-examine-slavery-reparations-n865355

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Tuesday, September 1, 2020 5:35 PM

Quote:

Originally posted by 1KIKI:

That topic is:

And if democrats don't do any different, how are they any better?


More specifically, what did the democrats do to change the economy to help the average American worker over the past 4 decades?

Mister Working Class, why are you so glum?

"I am glum because I have a $300 Payday Loan - Bi-Weekly Consumer Disclosure from Speedycash. The interest rate is 730% !"
www.speedycash.com/rates-and-terms/Texas

Payday loan companies, operating off the internet, want to expand into states with Democrats controlling state banking. The Democrats resist, but the Republicans are changing the rules to bring 730% APR loans to Mister Working Class in every state:

In late May, the Office of the Comptroller of the Currency, which regulates federally chartered banks, finalized a rule that would supercharge the online lending industry by bowling over the state interest rate limits that currently protect consumers. In June, the Federal Deposit Insurance Corporation finalized an equivalent rule that would cover the state-chartered financial institutions that currently dominate the online lending industry.

The attorneys general of California, New York, and Illinois have sued the OCC, contending that its rule violates federal banking law and other statutes, “and would facilitate predatory lending.” If those rules stand, borrowers in many states will face even higher interest rates than they do today, with state regulators powerless to stop them. A second lawsuit targets the FDIC rule.

The OCC is now taking comments on a separate proposed rule that declares a national bank the “true lender” in any partnership, further adding to fintechs’ ability to sidestep state banking regulations.

https://theintercept.com/2020/08/30/fintech-debt-personal-loans-econom
ic-crisis
/

Are you working class and need a SpeedyCash.com loan at 730% interest rate?
Then give thanks to Donald Trump for making it possible!

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Tuesday, September 1, 2020 5:52 PM

Quote:

Originally posted by 1KIKI:
Hmmm ...would you rather pay $400 over a year (a bit over a buck a day) and have a job making $25K a year ... or save the $400 and not work at all??

Yeah, it's a tough choice.

The correct formulation is ... would 1,000 of your friends be willing to pay $400 over a year so that you can have a job making $25K a year? Or would they rather not be your friend and keep the $400?

Trump’s steel tariffs cost U.S. consumers $900,000 for every job created, experts say
www.washingtonpost.com/business/2019/05/07/trumps-steel-tariffs-cost-u
s-consumers-every-job-created-experts-say
/

Trump’s Washing Machine Tariffs Cost Consumers $800,000 Per Job Created
https://fee.org/articles/trump-s-washing-machine-tariffs-cost-consumer
s-800-000-per-job-created
/

Based on a 12% increase in the price of washers -- or about $86 per machine -- each the 1,800 jobs created cost American consumers $815,000
https://web.archive.org/web/20200901114315/https://www.bloomberg.com/n
ews/articles/2020-08-06/trump-touts-whirlpool-job-gains-from-tariffs-that-hit-consumers


Trump’s steel and aluminium tariffs cost US consumers $900,000 a year for every job saved, experts say
https://www.independent.co.uk/news/world/americas/trump-tariffs-steel-
aluminium-jobs-consumers-cost-a8904366.html


Aluminum Tariff Tradeoff: 300 Jobs for $690 Million in New Taxes
https://reason.com/2018/12/11/study-claims-aluminum-tariffs-create-job/

How much does it cost in tariffs to create one job? Google says 101 million times that it costs much more than the job is worth. It would be 1,000 times cheaper to stay home and do nothing but collect unemployment:
https://www.google.com/search?q=how+much+does+it+cost+in+tariffs+to+cr
eate+one+job



There are other ways to create jobs than raise tariffs:
"How to decarbonize America — and create 25 million jobs"
www.vox.com/podcasts/2020/8/27/21403184/saul-griffith-ezra-klein-show-
solve-climate-change-green-new-deal-rewiring-america

1kiki, the GOP will powerfully oppose, and eventually kill if the GOP has at least 34 Senators, this idea of creating 25,000,000 jobs because decarbonizing America would reduce production of oil and natural gas, the industry that contributes most to Trump's reelection campaign.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Tuesday, September 1, 2020 6:00 PM

You can't reason with people who refuse to reason.

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THG
Tuesday, September 1, 2020 6:44 PM

Quote:

Originally posted by reaverfan:

You can't reason with people who refuse to reason.



Correct

T


Stupid people don't know they're stupid, and they certainly don't realize how obvious it is to others.

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Tuesday, September 1, 2020 6:46 PM

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Tuesday, September 1, 2020 7:21 PM

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Tuesday, September 1, 2020 7:40 PM

Aptly named.

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