US becoming a police state.
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SignoftheTimes — 9 years ago(December 03, 2016 09:54 AM)
I'm probably one of the few that saw the bailouts as a good thing.
Imagine if all those banks and the auto industry failed like they were about to in 07-08.
The job losses would have been comparable to a depression. That was probably the smartest thing Geroge Bush did while in office since at least it set up the econemy for a quick recovery. -
!!!deleted!!! (62963595) — 9 years ago(December 03, 2016 10:01 AM)
There's probably a reason for that, lol.
Here's the problem with bailouts and the stimulus spending that continued after it (but wasn't really paid attention to by the gen public because it wasn't neatly wrapped in a big package that said "GOVERNMENT BAILOUT MONEY" like the 800 billion or whatever it was package): they create what appears to be, like you said, a "quick", stable recovery, but it's just another bubble. Some economists estimate that the stock market is overvalued by up to 80%. That's p. fcking ridiculous dude.
So sure, in the interim it looks like a catastrophic collapse was avoided and we're actually doing p. well (think the S&P hit a new record the other day), but we're just setting ourselves up for another big crash, once this bubble breaks. Nobody is sure what the cause will be this time, but most people recognize the signs of an overvalued bull market these days, and know a recession is coming.
Now your doomsday depression scenario would have sucked hard AF in the short term, maybe some of us would be fckin ded, but that kind of a reset would actually bring the economy back down to a level that's manageable based on the real, intrinsic value of the market. The recovery would be slower and sh!ttier, but it would be RAEL. The current Keynesian system just jumps from bubble to bubble, recession to recession, making everyone feel good during the bull markets but then they get hammered down time and time again during the recessions. Why don't we just have one really, really big, sh!tty recession, and then build an economy back that has substance? The current strategies are just like the guy who borrows to pay off other credit. The sh!t doesn't work in the long term. We need short term pain for long term gain. -
SignoftheTimes — 9 years ago(December 03, 2016 10:47 AM)
The reason this bubble will pop will be because Trump will likely switch to trickle down economics(i.e. cutting taxes for the 1% and pray that they use it to create jobs) which sinks the economy time and time again.
And I don't think those companies failing would have helped because something just as big coming up to take its place is hardly guaranteed. We've seen that manufacturing has all but left the US, so if the auto industry failed, whose to say that Americans wouldn't have just switched buying foreign cars instead. -
!!!deleted!!! (62963595) — 9 years ago(December 03, 2016 10:55 AM)
The reason this bubble will pop will be because Trump will likely switch to trickle down economics(i.e. cutting taxes for the 1% and pray that they use it to create jobs) which sinks the economy time and time again.
Lmao dude this economy was doomed to fail a long time ago. This stupidity here is actually one of the reasons I kind of wish Clinton had won, because there's gonna be a recession no matter who got in, but whoever is sitting in the whitehouse is going to have to shoulder the blame for something that's inevitable. Economists and even Trump himself have been calling this for a long time now, Trump's policies will have little overall influence.
And I don't think those companies failing would have helped because something just as big coming up to take its place is hardly guaranteed.
That's the whole point. If the biggest industries are propped up on stimulus, then they shouldn't be there anymore. Well, they're not going to be there anymore, one day. The whole idea of short term pain, long term gain is to suffer heavy losses in the interim so that when the recovery happens, whatever is built is actually sustainable. This could be smaller but it would still be better. Think like the difference between taking a loan out that you'll never be able to repay in order to buy a Ferrari vs paying cash for a Honda Civic. Of course everyone would prefer a Ferrari, but it's more responsible to opt for something sustainable, even if it's worse. -
NostradamACE — 9 years ago(December 03, 2016 12:34 PM)
Can't wait to see my tax dollars go towards the USA barging into someone's home, searching their computer to find the porn (not illegal porn that is) that said person is just too ashamed to admit they watch.
My Signature changes everyday! -
Kreegor — 9 years ago(December 03, 2016 01:04 PM)
I highly doubt it will come to that. Hell I doubt they even did it to catch people with illegal porn. I'm guessing this is to keep an eye on anti-goverment people.
www.400monkeys.com/God/ -
PregnantRussian — 9 years ago(December 03, 2016 06:14 PM)
they use porn against people all the time. even if it's normal vanilla porn people think that person is worse then pedophile hitler.
"I'm going to steal your heart on a daily basis"
Formerly known as DanteRussia -
Krypteia1 — 9 years ago(December 06, 2016 12:47 AM)
- The Supreme Court is filled with Luddites. I doubt more than 1/3 of the court uses smartphones, if even that many, and I don't believe the justices could set up a damn printer without having to ask their grandchildren for help.
They have repeatedly proven they do not understand technical issues. - I don't think anyone has to worry about this as long as they're not doing anything too crazy. Yes, I know it's still wrong. No, I'm not defending the government. No, I don't think LE should be able to hack anyone.
Butlocal law enforcement agencies do not have digital forensics specialists or hackers on retainer. You can see how unprepared they are to deal with stuff like that even when it comes to investigating online bullying or cyberfraud.
If you're getting hacked into by LE, then you've attracted the attention of the feds, which means you're doing something above and beyond trolling, downloading zetabytes of pr0n, or betting on NBA games. Hell, you could be emailing your piff connect without even bothering to disguise the conversation, and they wouldn't care.
It's not worth their timeand if you're doing something that is worth their time, then you have bigger problems.
"When I come home and dinner's not ready, I go through the roof!" - Lord Trump
- The Supreme Court is filled with Luddites. I doubt more than 1/3 of the court uses smartphones, if even that many, and I don't believe the justices could set up a damn printer without having to ask their grandchildren for help.
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Yoss_and_the_Pilfered_Peaches — 9 years ago(February 04, 2017 04:21 AM)
The upshot of Trump being the US president is waking up every morning to see Trump having done something idiotic that comedians can get a laugh from by simply stating his actions verbatim. Comedians are on easy street for the next four years, or until he's impeached.
I am on fire, but an extinguisher is not required