Is Trump Nuts?
POSTED BY: THGRRI
UPDATED: Tuesday, September 1, 2026 23:49
VIEWED: 120217
PAGE 17 of 100
Quote:So long as Texas turns natural gas into plastic and exports liquefied natural gas, I'll have my royalty checks. But this is "Is Trump Nuts?" Trump made another seriously nutty decision today:
Originally posted by 6STRINGJOKER:
At this point I say just raise the minimum wage to 20 bucks and lets see who was right.
We're all a decade or two away from being poor and completely dependent on government anyways.
All of us, except for Second.
Trump is hiring the Bear Stearns economist who promised the economy was fine right before it went bankrupt! You are crazy, Trumpy!
David Malpass has been nominated to serve as undersecretary of Treasury for international affairs. In 2007, Malpass was chief economist at a soon-to-be-bankrupt investment bank, telling a country teetering on the brink of disaster that everything was okay. No amount of natural gas, no matter how large, will compensate for bad thinking at the Treasury if there should be another emergency like 2008. The whole USA could suffer for Malpass's (and Trump's) stupidity or insanity, take your pick in what you want to call what is wrong with these guys.
The fact that Malpass was utterly wrong didn’t stop him from trying again. In 2011, he popped back up with another Wall Street Journal op-ed urging the government to implement a policy of higher interest rates. Malpass said higher rates would lead to a stronger dollar and bigger economic growth. This is, to say the least, not how the majority of economists think this works. In 2012, Malpass warned that rejecting his advice was going to lead to a recession in 2013.
Obviously, that didn’t happen. Instead, the Fed kept interest rates low, leading to years of continuous job growth, which, in turn, led to a gradual strengthening of the dollar.
Bruce Bartlett, writing four years ago about Malpass’s poor track record, used it as a prime example of partisan bias in economic forecasting.
A perhaps optimistic view would be that Malpass was being deliberately biased in his past forecasts — trying to boost the fortunes of GOP politics as an outside propagandist while as a senior member of the Treasury team he’ll be boosting their fortunes by offering sound advice.
A bleaker view, however, would be that Malpass is a die-hard true believer who couldn’t contemplate the possibility that the low taxes and light regulation of the Bush years could be compatible with a catastrophic financial crisis. In an administration that’s already packed to the brim with Wall Street voices, that could be a very dangerous setup indeed.
www.vox.com/2017/3/15/14596938/david-malpass-treasury
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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^at Second: Look, I don't understand any of the financial principles &
maneuvers that you are explaining.
But I think you just said that with Trump & many of his like-thinking
cronies in charge, we are teetering on the brink of disaster as bad as
the stock market crash of 1929.
(So much for "Trump is a billionaire; he'll balance the budget.")
... oooOO}{OOooo ...
I've given up looking for the meaning of life. Now all I want is a cookie.
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Quote:
Originally posted by 6STRINGJOKER:
I have serious doubts that Trump is going anywhere.
You libtards keep up the drama you're just ensuring that the GOP stays in control. Keep it up. ;)
Did you forget to capitalize "Libtard" here?
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Quote:
Originally posted by 1kiki:Quote:
Originally posted by 1kiki:
Besides, they've been ignoring the democrats and the chattering class for a while, and both lost any remaining semblance of credibility during the last election, with Hillary as a candidate, and her media-predicted cruise to victory.Quote:
Originally posted by second:
You still harping on that same old story? What's his name, Bernie, lost by millions of votes in the Democratic primary. In the general election he would have looked like a Commie and been annihilated, same as George McGovern was by Nixon, even after Nixon's "secret" plan to win the Vietnam War had achieved nothing for four years. And Watergate.
SECOND
Trump didn't win, Clinton lost. I'm reposting these - yanno - facts, because you ignored them the first time around. And I put an especially relevant quote in larger font to help you focus on the salient point.Quote:CBS News exit polls suggest Trump’s win was in large part a repudiation of Hillary Clinton by a substantial number of white voters.
Originally posted by 1kiki:
How did your beloved 'democratic' party fuck up so badly?
There are also indications that Clinton’s gender was a factor in the outcome.
Among white voters, 57 percent said Trump was not honest and trustworthy while fully 70 percent said the same of Clinton.
In the exit polls, voters were asked whether they strongly favored their candidate, liked their candidate but with reservations, or if they voted because they disliked the other candidate. While 21 percent of Clinton voters said they disliked the other candidates, more – 28 percent – of Trump voters reported that. There appears to have been more people voting against Clinton than against Trump.
It is difficult to say with any certainty, but with razor thin margins in some states, a small number of voters who might have supported Clinton (who voted for either Johnson or Stein) could have altered outcomes in some states.Quote:
CBS News Exit Polls: How Donald Trump won the U.S. presidency
by Stanley Feldman and Melissa Herrmann
Many observers thought this presidential election would be decided by Donald Trump’s polarizing rhetoric, his history of behavior toward women and his questionable qualifications for the office.
Instead, CBS News exit polls suggest Trump’s win was in large part a repudiation of Hillary Clinton by a substantial number of white voters. While Clinton did win big majorities of minority voters, she did not get the level of support from those groups that she needed to overcome her deficit among white voters.
There are also indications that Clinton’s gender was a factor in the outcome. The gender gap was substantial. Trump beat Clinton by 53 percent to 41 percent among men while Clinton won among women by 54 percent to 42 percent. Four years ago, President Obama won 45 percent of men’s votes and Mitt Romney won 44 percent of women’s votes.
More telling is the gender breakdown among white voters: Trump beat Clinton among white women 53 percent to 43 percent. This was close to Romney’s margin in 2012. While Mr. Obama won 35 percent of white, male voters in 2012, Clinton lost to Trump among this group by 63 percent to 31 percent.
As expected, Trump did best among white voters without a college degree, beating Clinton by the enormous margin of 72 percent to 23 percent. Trump also won among white, non-college women 62 to 34 percent and white college-educated men, 54 to 39 percent. Among white voters, Clinton only won among women with a college degree by a 51 to 45 percent margin. Interestingly, among white voters, there is no evidence in the exit poll that income affected the likelihood that they supported Trump.
Clinton needed extremely strong support from African-American voters to try to offset Trump’s margin among whites. She did win 88 percent of the black vote to just 8 percent for Trump. HoweNOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:The USA is NOT teetering on the brink of financial disaster, but if Trump and his regulators follow the financial deregulation pattern of G.W.Bush, in eight years or less the USA could have a repeat of the crash of 2008 with one ugly twist: at least Bush and his people were not paralyzed with indecision during the disaster they caused. Trump and his people have totally wrong instincts & misunderstanding.
Originally posted by Oonjerah:
^at Second: Look, I don't understand any of the financial principles &
maneuvers that you are explaining.
But I think you just said that with Trump & many of his like-thinking
cronies in charge, we are teetering on the brink of disaster as bad as
the stock market crash of 1929.
(So much for "Trump is a billionaire; he'll balance the budget.")
Trump would be as dumb as Herbert Hoover was about handling a crisis the size of the Crash of 1929. When in business Trump couldn't wrap his brain around a problem bigger than defrauding his investors and cheating on his taxes. As President he seems a smaller man than he was in business.
https://millercenter.org/president/hoover/domestic-affairs
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:
The USA is NOT teetering on the brink of financial disaster, but if Trump and his regulators follow the financial deregulation pattern of G.W.Bush, in eight years or less the USA could have a repeat of the crash of 2008 with one ugly twist: at least Bush and his people were not paralyzed with indecision during the disaster they caused. Trump and his people have totally wrong instincts & misunderstanding.
Trump would be as dumb as Herbert Hoover was about handling a crisis the size of the Crash of 1929. When in business Trump couldn't wrap his brain around a problem bigger than defrauding his investors and cheating on his taxes. As President he seems a smaller man than he was in business.
?!
Yeah, I know, someone is wrong on the internet. No going to throw an opinion in here, just see some alternative facts that need correcting.
1) Deregulation was Bill Clinton, not GHW Bush.
2) It's hard to see how Glass-Steagall would encourage a crash.
3) The current president has far more experience in business than his precessor
4) The Hoover plan was what FDR based his 100 days on. The major difference was that FDR had congress on his side. There wasn't really difference of opinion there.
Srsly. Did a democratic ever do anything wrong or a republican ever do anything right?
If the answer is "no" then maybe you should rethink the whole democracy thing.
also thisQuote:
You signed a gas lease?
So long as Texas turns natural gas into plastic and exports liquefied natural gas, I'll have my royalty checks.
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Quote:There are degrees of wrongness, shades of gray. The shade you see depends on who you are. For example, if you were me, you'd see the following story as demonstrating in big black letters that "Trump Is Nuts". If you were a dyed in the wool Trump voter the same story is all white letters on a white background and you see no hint of gray anywhere:
Originally posted by DREAMTROVE:
Srsly. Did a democratic ever do anything wrong or a republican ever do anything right?
If the answer is "no" then maybe you should rethink the whole democracy thing.
Quote:I believe the Republican formulation for explaining Trump's promises is "Take him seriously, not literally." http://bigstory.ap.org/article/112dc47ef9ac4371958ae63d1aa824de/trump-
Trump campaigned for the presidency by pledging no tax cuts for the wealthy, but newly leaked pages from his 2005 taxes demonstrate how the wealthiest Americans — like Trump — would benefit from some of his tax proposals.
Trump’s proposals to eliminate the alternative minimum tax, cut the capital gains tax rate and curb income tax rates would have shrunk his tax bill dramatically if they had been in place over a decade ago. The AMT alone was responsible for roughly 86 percent of his federal tax bill.
The Trump administration has said it would make up for lost revenue by closing loopholes, but the specific deductions Trump’s plan would eliminate have not been laid out in detail.
Trump’s promise to not slash taxes for the rich has already been called into question
tax-bill-would-have-been-slashed-his-plans
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
^at Second: Look, I don't understand any of the financial principles & maneuvers that you are explaining. But I think you just said that with Trump & many of his like-thinking cronies in charge, we are teetering on the brink of disaster as bad as the stock market crash of 1929. - OOJ
OONJ, we have been teetering on the brink of a collapse since .... well, it would be hard to figure out when this all really started.
Was it when Nixon untied the dollar from gold and linked it to oil instead ("petrodollar") in 1973?
When Clinton repealed the Glass Steagall Act and signed the Commodities Futures Modernization Act in 1999?
Was it when we started running trade deficits in 1976, or when our cumulative trade deficit topped our entire GDP output ten years later?
Or when hedge funds racked up somewhere in the realm of 10-1000X of the entire world's output in DEBT, based on the dollar, in betting on derivatives contracts?
Or maybe it was when the Fed bought toxic assets from the bad banks which created them, spewing money into the hands of the already-wealthy?
Or maybe it was our Ponzi-style scheme of fractional reserve banking?
Whatever and whenever it happened, we are really just a pending disaster. I know its fashionable to blame Trump for well, everything, but many people in both parties had a had in setting this up. Give credit where credit is due.
Although much of our trade, manufacturing, banking, and currency problems can be laid at the feet of Nixon who opened trade with China and negotiated the petrodollar deal, Bill who pushed for Permanent Trade Relations with China even though his own administration foresaw spiraling deficits and shrinking manufacturing, http://www.epi.org/publication/issuebriefs_ib137/ and Bush who oversaw the accession of China into the WTO in 2001.
Oh, that Bill Clinton: never a "free trade" deal that he didn't like!
< insert fucked in the ass cartoon here >
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"Pity would be no more,
If we did not MAKE men poor"- William Blake
THUGR IS A DEEP-STATE TROLL
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Quote:You are using the wrong analogue of a cliff that the whole world is standing on the edge. A better analogue is that humanity is riding in thousands of buses with thousands of drivers, drivers being leaders. Any driver could crash his bus into a ditch or another bus at any moment because the driver forgot about the steering wheel. A blind driver in the biggest bus on the road, Trump at the wheel of America, could run most of the other buses off the road. The potential for disaster is because we are moving at high speeds in huge machines designed by people we don't understand and never meet with. The confusion comes from thinking that we should be living slowly, peacefully in the year 30 AD, before Jesus was crucified, if only those capitalists and their money and armies hadn't taken over the world.
Originally posted by SIGNYM:
Whatever and whenever it happened, we are really just a pending disaster. I know its fashionable to blame Trump for well, everything, but many people in both parties had a had in setting this up. Give credit where credit is due.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:Not "the whole world" but quite a lot of it, and there is nothing wrong my description which - BTW- was NOT an "analogy". "We" .... and by "we" I mean "they" ... the IMF, the World Bank, the Central Banks, the various heads of state but especially China and the USA .... have walked us here, step by step.
Whatever and whenever it happened, we are really just a pending disaster. I know its fashionable to blame Trump for well, everything, but many people in both parties had a had in setting this up. Give credit where credit is due. - SIGNY
You are using the wrong analogue of a cliff that the whole world is standing on the edge. = SECOND
Quote:That was just about the most irrational post I've read from you lately.
A better analogue is that humanity is riding in thousands of buses with thousands of drivers, drivers being leaders. Any driver could crash his bus into a ditch or another bus at any moment because the driver forgot about the steering wheel. A blind driver in the biggest bus on the road, Trump at the wheel of America, could run most of the other buses off the road. The potential for disaster is because we are moving at high speeds in huge machines designed by people we don't understand and never meet with. The confusion comes from thinking that we should be living slowly, peacefully in the year 30 AD, before Jesus was crucified, if only those capitalists and their money and armies hadn't taken over the world.
I wasn't posting "analogies" SECOND, I was posting FACTS: Dollar-denominated debt is somewhere in the realm of 10-1000X the entire world GDP, and the vast the bulk of that debt is funding "derivatives" speculation. We could NEVER pay that off, ever. It took many steps by many institutions and leaders to get where we are today, and yet: Here we are.
I'll leave the "analogizing" to you.
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"Pity would be no more,
If we did not MAKE men poor"- William Blake
THUGR IS A DEEP-STATE TROLL
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