A thread for Democrats Only

POSTED BY: THGRRI
UPDATED: Sunday, September 6, 2026 15:36
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SECOND

Friday, February 5, 2021 3:03 AM

Quote:
Originally posted by SIGNYM:
So, SECONDRATE, how do you explain why Obama gave money to the banks?

Just like the deficit, the GINI also went up under Obama.

If there's any icon that needs to be taken off it's pedestal, it's Saint Obama.

Obama signed on to the drastic and politically unpopular plan to directly infuse up to $700 billion in taxpayer-backed loans into the U.S. banking industry. Fast forward a few years and the banks paid back those low-cost loans.

Without providing that liquidity, working capital and credit lines to healthy businesses, big and small, would have dried up. That would have translated into no money for producing products, making payroll, hiring vendors, keeping the lights on and nearly anything else you can think of as essential to operating a company and the economy.

Even a short-term credit disruption could have been devastating.

As a Democrat taking over from a Republican administration, Obama could have made a political calculation to let the opposing party stew in its own troubles. Instead, he realized the country was facing an extraordinary financial crisis and that a massive infusion of cold hard cash from the Federal Reserve, which acts as bank lender of last resort, was the fastest way to break the fever.

It didn't stop with the banks. In the early days of his presidency, Obama also backed an estimated $80 billion bailout of the foundering American auto industry, which ended up saving thousands of jobs throughout the heartland and beyond.

Because of the bailout, the U.S. auto industry retooled, raised efficiency standards and avoided massive shutdowns. (Ultimately, the bailout ended up costing taxpayers about $9 billion, according to the Treasury Department.) The Republican Party would have let those auto factory jobs vanish because those were union jobs and unions support Democrats.

https://www.chicagotribune.com/business/ct-obama-economy-robert-reed-1
10-biz-20170109-column.html

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

6IXSTRINGJACK

Friday, February 5, 2021 3:14 AM

Quote:
Originally posted by SIGNYM:
Quote:
6IXSTRINGJACK:
That's not an argument.
That's you trying to shove Bill Clinton's shit back up his asshole 21 years after the fact.

SECONDRATE: 6IX manufacturing will not move back to the USA unless Americans pay for it.

SIX: If you haven't noticed, fuckwit, nobody has any money.
You can't put the shit back in the horse now. Bill Clinton sold us out to the Chinese 21 years ago and it's been all downhill with no way since to reverse course.
And you want to keep letting more people in illegally to bleed the country and hasten our demise.

SEONDRATE: The U.S. remains by far the richest country in the world, controlling some $105.99 trillion of wealth, or almost 30% of the entire world’s net worth. Since Americans are not willing to use their 30% to create factory jobs in America, the rest of the world will use their 70% to create factory jobs NOT in America. Trump couldn't change where factories are built because he would NOT spend the money. That leaves the Chinese in charge of building new factories, since the Chinese aren't cheapskates refusing to pay for what they want.

https://howmuch.net/articles/distribution-worlds-wealth-2019

"Americans" are NOT rich, SECONDRATE. SOME American's are rich. SOME Americans refuse to invest in America. Blaming "Americans" for what the tiny fraction of unimagineably wealthy, white Americans (such as yourself) and their satrap politicians have done is blaming the victim, and not only demonstrates (once again) that you hate "Americans", it also demonstrates your rich white privilege. So, let's put the blame where it belongs: on people like you.

This.

--------------------------------------------------

A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

1KIKI

Friday, February 5, 2021 3:50 AM

Quote:
But now we’ve seen a direct violent attack on the US Capitol

One of many violent protests and marches over the centuries.

https://en.wikipedia.org/wiki/List_of_rallies_and_protest_marches_in_W
ashington,_D.C.

1KIKI

Friday, February 5, 2021 3:57 AM

Quote:
Trying to be the greatest by holding otherz down iz a craven, self defeating stratejy.

A few decades ago I wondered why, exactly, did the US support so MANY brutal dictators and juntas around the globe. And I had a flash of insight: if countries are truly democratic, their people might - say - vote to nationalize their natural resources; or to heavily tax corporate profits.

Nobody can guarantee profits like a dictator can! And the US has no qualms about oppressing vast populations as long as it can come to economic terms with the dictators to split the loot.

Such is the zero-sum game of US foreign relations.

I'm not advocating this, btw, I'm just describing it.

Quote:
Hoo wants the Earth to be a collection uv petty minded warring tribez forever?

The people who profit from it, I'm pretty sure.

1KIKI

Friday, February 5, 2021 4:24 AM

Quote:
But he (Trump) didn't raise the tariffs and the prices high enough to get the Chinese to move their factories into the USA and hire an all American staff of workers.

What a crock!

I literally laughed out loud when I read this! CHINA didn't move manufacturing into China, CORPORATIONS did!

SECOND

Friday, February 5, 2021 5:02 AM

Quote:
Originally posted by 1KIKI:

Quote:
But he (Trump) didn't raise the tariffs and the prices high enough to get the Chinese to move their factories into the USA and hire an all American staff of workers.
What a crock!

I literally laughed out loud when I read this! CHINA didn't move manufacturing into China, CORPORATIONS did!

Literally, you are an idiot about why factories end up where they do. Funny how the Chinese can move manufacturing to the US, when there is some advantage, but you gotta give them a good reason. Money, typically, is the reason, but the Federal Government is NOT waving around trillion dollar loans to get companies to move. It could, but won't. On the other hand, Chinese money is attracting factories.

On Friday, May 15, the Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, announced that it will build a $12 billion plant in Arizona, to open by 2024. It expects the facility to employ roughly 1,600 people and indirectly generate thousands of other jobs.
https://www.technologyreview.com/2020/05/19/1001902/tsmc-chip-plant-an
d-huawei-export-ban-not-trump-win/

No one has been complaining about the growth of Chinese manufacturing elsewhere in the U.S., either. For at least the past seven years China has been the fastest-growing source of non-domestic business expansion in the U.S. In fact, Chinese foreign direct investment here—that is, the amount of money used to acquire American companies or to build factories and other commercial facilities—reached record levels in 2014, about twelve billion dollars, up from five billion in 2009. Moreover, in the first six months of 2015, Chinese direct investment in the U.S. rose nearly fifty per cent compared with the same period the year before, according to the Rhodium Group, which tracks Asian economies.
https://www.newyorker.com/business/currency/why-chinese-factories-fare
-poorly-in-the-u-s

Fuyao Glass

A leading glass manufacturer, Fuyao Glass, has invested over $1 billion USD in the US to take advantage of lower costs and better regulations. The company bought out a long-vacant General Motors assembly plant in Moraine, Ohio and is closing in on its goal of employing 3,000 workers there. In an interview with the China Business Network, Chinese billionaire and company founder, Cao Dewang, explained:

Overall speaking, the tax burden for manufacturers in China is 35% higher than in the U.S… Compared with four years ago, labor wages [in China] today have tripled…transportation in the U.S. costs the equivalent of less than one yuan per kilometer, while road tolls [in China] are higher.

Dewang added that cheap land, lower energy prices, and other incentives combine to offset higher manufacturing costs and make it more profitable for Chinese manufacturing companies to manufacture in the US where their products are sold.
www.tecma.com/chinese-manufacturing-companies/

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

1KIKI

Friday, February 5, 2021 5:07 AM

Quote:
manufacturing will not move back to the USA unless ~~Americans pay for it.~~ business gives up making shoes for $2 and selling them for $120

fify

SECOND

Friday, February 5, 2021 5:17 AM

Quote:
Originally posted by 1KIKI:

Quote:
manufacturing will not move back to the USA unless ~~Americans pay for it.~~ business gives up making shoes for $2 and selling them for $120
fify

Why would a company manufacture shoes in America? Because Americans insist on Made In America? Show me that American consumer. Because the Federal government forbids importation of shoes in order to create American jobs and prevent Americans from walking around barefooted during a War with Asia? I'm not expecting that law anytime soon: The Protect Our Feet in War Act. But if the Federal Government want shoes made in America, it could spend money to make it happen, although that is not gonna happen.

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

1KIKI

Friday, February 5, 2021 5:25 AM

Quote:
the Chinese to move their factories

Quote:
the Federal Government is NOT waving around trillion dollar loans to get companies to move

Quote:
Taiwan Semiconductor Manufacturing Co. ... Fuyao Glass

So, is the fact of major US corporations manufacturing in China instead of in the US the fault of the Chinese or the US government? Or the corporations?

Which is it?

1KIKI

Friday, February 5, 2021 5:33 AM

Quote:
Why would a company manufacture shoes in America?

My point exactly! If they manufactured in the US they'd have to give up their 6000% profit!

Moving manufacturing outside of the US is a CORPORATE decision to maximize profit! It has nothing to do with China or the US government, except the US made Chinese sales into the US possible. If it hadn't, and those cheaply-made shoes couldn't be sold here, there would be zero incentive to move manufacturing.

Trump had it right. He couldn't get China kicked out of the WTO, but he COULD impose tariffs!

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