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Mar 5 2020 03:24pm
Quote (thesnipa @ Mar 5 2020 04:12pm)
i still have yet to see much evidence that billionaires feared a market crash if trump was elected. the media said it, but they said a lot of things. people suggested we'd be at war with multiple countries. people suggested Trump would bog down the DOJ to drag out an HRC investigation. etc etc etc

it was clear he wanted tax cuts, military spending, and general deregulation. he got a massive uptick in the stock markets once elected literally a year before any of that was even delivered on. people bought stocks just on the promises.


I'm not sure I agree with the rest of your characterization. People didn't know what to expect. They knew Trump was unfit, unhinged, ignorant, etc. You can't assign every crazy prediction to everyone who opposed Trump.

I figured once he got into office he would try to act like a serious person. I was wrong. Frankly it's amazing he's accomplished as much as he has. He shoots himself in the foot every morning and his aides/Mitch McConnell manage to get things done anyway.

Quote (thesnipa @ Mar 5 2020 04:17pm)


This guy won a Nobel Prize.

This post was edited by IceMage on Mar 5 2020 03:26pm
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Mar 5 2020 03:28pm
Quote (thesnipa @ 5 Mar 2020 22:12)
i still have yet to see much evidence that billionaires feared a market crash if trump was elected. the media said it, but they said a lot of things. people suggested we'd be at war with multiple countries. people suggested Trump would bog down the DOJ to drag out an HRC investigation. etc etc etc

it was clear he wanted tax cuts, military spending, and general deregulation. he got a massive uptick in the stock markets once elected literally a year before any of that was even delivered on. people bought stocks just on the promises.


Iirc, stocks went up right after Trump struck relatively moderate and reconciliatory tones during his victory speech on election night.



Quote (IceMage @ 5 Mar 2020 21:35)
[The oligarchs] also hate the tax and regulation cuts. And the bloated defense budget.


Trump didnt run on reliable Republican orthodoxy though. He ran as an unpredictable insurgent. His main campaign themes on the policy front were a hawkish stance on immigration ("build the wall") and free trade/globalization (withdraw from NAFTA, cancel TPP, put TTIP on ice). Those policies were not in the interest of the oligarchs, not at all. During the race, the oligarchs/donor class simply couldnt be sure about how serious Trump was with his campaign promises.

It was reasonable to bet on him delivering tax cuts and deregulation, but the other stuff would have far outweighed it if Trump had really pulled through with it. Which brings me back to main argument: despite obvious upside, a Trump presidency was a risky proposition for the donor class. In retrospect, we know that it turned out quite fine for them, but they couldnt possibly be sure of this outcome ahead of time.

This post was edited by Black XistenZ on Mar 5 2020 03:30pm
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Mar 5 2020 03:32pm
Quote (IceMage @ Mar 5 2020 03:24pm)
I'm not sure I agree with the rest of your characterization. People didn't know what to expect. They knew Trump was unfit, unhinged, ignorant, etc. You can't assign every crazy prediction to everyone who opposed Trump.

I figured once he got into office he would try to act like a serious person. I was wrong. Frankly it's amazing he's accomplished as much as he has. He shoots himself in the foot every morning and his aides/Mitch McConnell manage to get things done anyway.



This guy won a Nobel Prize.


Krugman failed to read the signs, many didn't. there's a lot of grey area between "i knew Trump would hit historic highs in his first term" and "it will be a global recession unless we get lucky".

economics dont care about racism, or even really tough talk that much. when trump announces actual changes it effects the market. chinese tariffs = soybeans plummet, military spending bill = MIC stocks raise, etc.

anyone listening to Trump's platform should have been at least confident we werent heading for a global recession. just based on tax cuts alone it was a neutral to slight dip at worst situation, and he's done far better than that.
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Mar 5 2020 03:33pm
Quote (Black XistenZ @ Mar 5 2020 04:28pm)
Trump didnt run on reliable Republican orthodoxy though. He ran as an unpredictable insurgent. His main campaign themes on the policy front were a hawkish stance on immigration ("build the wall") and free trade/globalization (withdraw from NAFTA, cancel TPP, put TTIP on ice). Those policies were not in the interest of the oligarchs, not at all. During the race, the oligarchs/donor class simply couldnt be sure about how serious Trump was with his campaign promises.

It was reasonable to bet on him delivering tax cuts and deregulation, but the other stuff would have far outweighed it if Trump had really pulled through with it. Which brings me back to main argument: despite obvious upside, a Trump presidency was a risky proposition for the donor class. In retrospect, we know that it turned out quite fine for them, but they couldnt possibly be sure of this outcome ahead of time.


If it was Trump vs Bernie, who do you think the "oligarchs" would prefer?
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Mar 5 2020 03:36pm
Quote (IceMage @ 5 Mar 2020 22:33)
If it was Trump vs Bernie, who do you think the "oligarchs" would prefer?


Trump in a heartbeat based on the information they have now, in 2020, after 3.5 years of the Trump presidency.
Trump, but with more reservation and reluctance if they had to make this decision in 2016, and based only on the information available at the time.
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Mar 5 2020 05:04pm
You think the multinationals didn't know trump was lying?
LOL
Serious?
You think he was saying the same thing behind closed doors to ceo's as he said to the plebs on the street?
:rofl:
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Mar 5 2020 05:33pm
















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Mar 5 2020 10:31pm
Quote (IceMage @ Mar 5 2020 04:09pm)
A couple things:

1. Just because billionaires have a preference doesn't mean they are pulling the strings at CNN, MSNBC, Washington Post, or Wallstreet Journal. I watched CNN and Morning Joe throughout 2015 and 2016... he was on constantly.
2. Just because billionaires thought he might damage the economy(although I think this claim is mostly a strawman) doesn't mean they don't love his tax cuts, regulation cuts, defense spending, etc.

One thing I'll give Bernie is that he's a real populist. He isn't scaring billionaires because of his unhinged behavior like Trump did... he's advocating policies which will cost them big time.


That's some next level naivety.

Bezos owns WP, it would be incredulous for them to do some journalism on how Amazon is destroying main street and if the government cared for the middle class small business owners, they'd do something about it. You wont ever see those types of scoops out of most MSM outlets even reputable ones because it's self cannibalizing. No, they don't control the day to day but if you really think that journalists can go rogue and print whatever they want against whomever they want is really naive.
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Mar 5 2020 10:53pm
Quote (Ghot @ Mar 5 2020 06:33pm)


Replace "mainstream media" with "black voters" and you've got it.
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Mar 5 2020 10:59pm
Quote (IceMage @ Mar 5 2020 11:53pm)
Replace "mainstream media" with "black voters" and you've got it.




I used the 2016 formula. DNC owns MSM, and DNC doesn't want Bernie to win. :)


/e Apparently, the meme maker did as well.

This post was edited by Ghot on Mar 5 2020 11:00pm
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