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DnD Central / Re: The Awesomesauce of the American 2024 Presidential Elections
Last post by OakdaleFTL -
Astonishing. You replied. What happened?
Reply after reading the 1st sentence you posted...
I'm bored and a little drunk (it still happens, occasionally). And — although I hate to admit it, I'd like to "educate" at least one European! :)


Obama's attempt to address the Great Recession. He pumped out trillions to keep the banks up in crisis and to encourage lending, which according to mainstream economic theory should in turn encourage general consumption, thus ending the recession.
When you say "Main-stream Economics" you must mean Keynesian... Keynes famously said, when asked what was the result of perpetual deficit spending by government, "In the long term, we are all dead." Indeed, that is so.
But are the profligate our best guides?
If you only care about yourself (and your cohorts), maybe. Still, that makes you a reprehensible person, in my view.

The "Great Recession" didn't end until the Trump administration's tax cuts enabled the economy's growth. (Reagan -and Kennedy- both understood this dynamic...).

—As an exercise in honesty I ask a simple question: What do you think caused the so-called Great Recession?


First, over-supply of money does nothing when all of it is stashed away in holdings
It detracts from the economic growth! (Where, BTW, is this "stashing away" you refer to?) When the incentives for investing are paltry, less will be invested; when less is invested, there is less potential for growth.
You doubt that?
I have survived the hyperinflation at the collapse of Soviet Union. That hyperinflation did not happen because government printed money, but rather because politico-economic deregulation and introduction of private entrepreneurship brought about the explosion of black market and grey economy outside state control where alternative money was used (DEM, USD, and gold) indicating utter distrust for the official rouble, whose value thus collapsed.
You missed (understanding) what actually happened: The U.S.S.R. tried to match the USA's expenditure for modernizing nuclear forces -specifically, SDI (so-called "Star Wars") which was to be an effective defense against a First-Strike... And, of course, a "defense" was -to the Soviets- an attack!
So, the U.S.S.R. spent more and more on keeping up with the U.S, technology — to the detriment of its obligations to its people.

Can you seriously claim that the U.S.S.R. ever had the welfare of its people an important consideration? (Ask the Ukrainians...)

BTW: The black and grey markets were always a boost to the Soviet economy... :) Where'd the Soviet government get the money to — fail? :)

One more thing:
Is Nikita's "We will bury you!" taunt still one of your favorites!? :)
——————————————
I know it's going to cause your on-line persona some angst, but do you really think the election od Donald J. Trumpt is — a problem, for the world?

Try to be specific, if your immediate response is FUCK YES!. :)
———————————————
Oe more thing
Did MAD (Mutual Assured Destruction) ever make sense to you?
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DnD Central / Re: The Awesomesauce of the American 2024 Presidential Elections
Last post by ersi -
Astonishing. You replied. What happened?

Inflation is caused by the over-supply of money. Government spending beyond tax receipts (as a proxy for GDP) requires borrowing by the government. That borrowing is "deficit spending" and the mortgaging of future tax receipts is the only way to manage it. Unfortunately, deflating the currency has some nasty consequences!
I have heard of those theories. The problem with them is that they are just theories with no basis in reality. No basis whatsoever, zero validity. Anybody who holds to the theories you are citing is a miserable fool. You are having a big balls day, so I can upgrade you from doofus to miserable fool status.

First, over-supply of money does nothing when all of it is stashed away in holdings. This is easily seen by Obama's attempt to address the Great Recession. He pumped out trillions to keep the banks up in crisis and to encourage lending, which according to mainstream economic theory should in turn encourage general consumption, thus ending the recession. The banks used the windfall for CEO bonuses and other static hoarding, therefore the recession persisted. That was trillions printed that had no inflationary effect whatsoever for a decade.

Then covid hit, which changed the dynamic in economy. People stayed at home, with no way to go anywhere, nothing to do, and started spending online on little luxuries for nothing better to do. And only then inflation raised its head.

Conclusion: Only money in circulation, i.e. money mass in transactions, matters. Static money has no effect, no matter how much you print it, because it is, well, static — it is not participating in the economy. It starts having an effect when it starts participating in the economy.

You see, different from your theoretical nonsense, I have a practical sense of economics. I have the capacity to observe how economy works in practice. I have survived the hyperinflation at the collapse of Soviet Union. That hyperinflation did not happen because government printed money, but rather because politico-economic deregulation and introduction of private entrepreneurship brought about the explosion of black market and grey economy outside state control where alternative money was used (DEM, USD, and gold) indicating utter distrust for the official rouble, whose value thus collapsed.

Inflation is not government printing money. Inflation is reduced trust/valuation of a particular currency. It is called inflation because in every economic sector the increased price (=valuation in terms of currency) of a commodity is called inflation, so when there is an increase of prices across the board, which does not appear to be due a change of objective valuation of the commodities, but rather sinking value of the currency itself, then that is called inflation too. (It is nonsensical to call inflation "deflating the currency" as you do above. Keep your terms straight. Nah, I know it's too much for you.)

In addition to end-of-SU hyperinflation, I have also survived two monetary reforms in person. I know all about money. If you want to know anything about money or about broader economics, you ask me and listen carefully.
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DnD Central / Re: The Awesomesauce of the American 2024 Presidential Elections
Last post by OakdaleFTL -
what insight are you providing here? What is inflation according to you, doofus? Nah, never anything of substance from you, just factless partisan blather.
I'm doing other things as well as this simple correction of a simple Estonian's misconceptions, so I'll begin with the last point you made:

Inflation is caused by the over-supply of money. Government spending beyond tax receipts (as a proxy for GDP) requires borrowing by the government. That borrowing is "deficit spending" and the mortgaging of future tax receipts is the only way to manage it. Unfortunately, deflating the currency has some nasty consequences!
Inflation is a de facto deflation of the currency...
But if the growth of the economy can't keep pace, the "hole" gets deeper and deeper! (Remember the simple maxim: When you find yourself in a hole, stop digging!) Continued deficit spending sucks up more and more of the available capital, and less and less is available for growth or maintenance...
TANSTAAFL
Pauper-ation is the end result. (The Weimar Republic achieved it... Remember how it extricated itself?) I, for one, don't want to push to that choice. Does anyone else? :)

"Doofas," eh! :) Just because I never succumbed to Soviet propaganda doesn't make me dumb. It makes me -mostly- lucky: I wasn't inundated. I feel sorry for you.
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DnD Central / Re: The Awesomesauce of the American 2024 Presidential Elections
Last post by ersi -
You don't know how to quote. Everything you quote is irrelevant to your point. I had to go to the full article to see if there is anything relevant there. The relevant part is this:

Obama’s guidance was never challenged in court, before the Trump administration swiftly rescinded it.
See how short it is? I mean, you see how full of nonsense you are? In so many words you are saying absolutely nothing. And they are not even your own words. They are mindless quotes from people whose air you like, but whose drift you do not understand.

This (what I quoted, not you) is absolutely all that this article says about what Trump allegedly did about DEI. The problem is that the article does not reference the document by which Trump did it. Therefore the article provides no timeline to assess how "swiftly" Trump did it.

The logical problem is that, if Trump indeed rescinded Obama's DEI swiftly, then Obama's DEI was never tested in practice, had no time to have a practical effect, so there is no way to compare whether Trump's policy was better or Obama's. But assuming that Obama's DEI policy stuck around long enough to be deemed bad by you, but there were no court challenges to Obama's DEI, then the problem is that you are deeming DEI bad based on your lunatic hallucinations only, regardless of law, order, justice etc. which are clearly meaningless things for you. This is your normal mode of operation.

What I was able to gather from primary sources is that in September 2020 Trump issued an executive order 13950 “Combating Race and Sex Stereotyping” that banned DEI trainings. As you very well (don't) know, 2020 was Trump's last year in office, not first or second or third, so there was nothing swift or prompt about his executive order. Trump lost elections by the end of the year and Biden became the president. In January 2021, pretty much as soon as he had taken over, Biden signed an executive order revoking Trump's executive order. So the facts are that it was Biden who was swift against Trump. Trump's executive order was in effect for less than one academic study term, thus having no practical effect. But of course you do not know any of this, because you do not acknowledge that Biden is the president, you do not care about facts, you do not know what news are, and you have no capacity to look things up from primary sources. You only look at factless word salad opinions of hyperpartisan think tanks who are probably producing their articles by means of ChatGPT these days.

All this is not to say that I am in favour of DEI. I am not. I hate corporate wokeness. But, being corporate wokeness, there is nothing much for ordinary people to do about it legally. The power disparity is too steep. The DEI talks about gender and other BS, but does nothing about actual far more glaring inequality, such as income inequality, thus DEI policies demonstrate that their purpose is not to address any actual social issues, but to drive people mad with their hypocrisy. The best that people can do is to not take the bait, not go mad. But you have gone incorrigibly mad.

(Your comment about inflation shows a surprising ignorance! Like the weather? Really? :) )
And what insight are you providing here? What is inflation according to you, doofus? Nah, never anything of substance from you, just factless partisan blather.
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DnD Central / Re: Everything Trump…
Last post by OakdaleFTL -
Personality cult for the rapist, serial adulterer, convicted felon, business fraudster, insurrectionist, nepotist dictator wannabe, peddler of state secrets and election thief is your holy ideological principle.
You sound like Judge Merchan! And Robert De Niro!? :)

I don't read New York Magazine's Intelligencer column. (It's behind a paywall, of course!) You seem not to know that it's "hyper-partisan"! How curious...
Is that how you arrive at your so-called "understanding of American issues? (That would explain a lot: Stick with Democrat parrots! What could go wrong? :) )

Your views about law and criminality are Medieval...

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DnD Central / Re: The Awesomesauce of the American 2024 Presidential Elections
Last post by OakdaleFTL -
DEI in the military, schools and corporations? If it's so bad, why did not Trump do anything to stop it? Maybe because in truth he really doesn't care to govern, as was demonstrated by his first term.
You'll see mentioned in the article from the City Journal that, indeed, Trump promptly rescinded Obama's DEI "guidance" from the Department of Education...

Quote
The intensity of the battle doesn’t guarantee the longevity of the war. Sometimes, the defeated party accepts the public’s verdict and stops demanding rematches.

That may be happening in American civil rights law. In its name, contemporary progressives advocate the use of disparate-impact analysis to force private parties to treat Americans differently based on race and ancestry. Yet, after promising loudly to do otherwise, the Biden administration has largely avoided defending the legality of this practice in its enforcement of Title VI of the 1964 Civil Rights Act.

Because of the size of the federal government, the stakes for Title VI enforcement are high. Federal outlays account for about 20 percent of American GDP. Title VI applies to all recipients of those outlays. Many non-recipients may plan to bid for federal contracts or grants in the future, so they’ll need to demonstrate compliance with Title VI, too. Title VI, then, directly or indirectly, effectively governs more than 20 percent of the national economy.

But Title VI is a nondiscrimination statute. Applying the theory of disparate impact—which seeks to uncover intentional but hidden discrimination—turns Title VI on its head by transforming the statute into a cudgel that would require discrimination. The Biden administration wants to compel the very practice that Congress passed Title VI to forbid. The administration has indeed deployed disparate-impact theory through Title VI, pushing for what it calls “equity” through a host of administrative actions.

Still, in at least two settings where parties challenged that deployment as illegal—school disciplinary policies and environmental policy—the administration has dodged consequent litigation. The White House implicitly concedes that it lacks the power to use civil rights regulations to require discrimination.
The intensity of the battle doesn’t guarantee the longevity of the war. Sometimes, the defeated party accepts the public’s verdict and stops demanding rematches.  That may be happening in American civil rights law. In its name, contemporary progressives advocate the use of disparate-impact analysis to force private parties to treat Americans differently based on race and ancestry. Yet, after promising loudly to do otherwise, the Biden administration has largely avoided defending the legality of this practice in its enforcement of Title VI of the 1964 Civil Rights Act.  Because of the size of the federal government, the stakes for Title VI enforcement are high. Federal outlays account for about 20 percent of American GDP. Title VI applies to all recipients of those outlays. Many non-recipients may plan to bid for federal contracts or grants in the future, so they’ll need to demonstrate compliance with Title VI, too. Title VI, then, directly or indirectly, effectively governs more than 20 percent of the national economy.  But Title VI is a nondiscrimination statute. Applying the theory of disparate impact—which seeks to uncover intentional but hidden discrimination—turns Title VI on its head by transforming the statute into a cudgel that would require discrimination. The Biden administration wants to compel the very practice that Congress passed Title VI to forbid. The administration has indeed deployed disparate-impact theory through Title VI, pushing for what it calls “equity” through a host of administrative actions.  Still, in at least two settings where parties challenged that deployment as illegal—school disciplinary policies and environmental policy—the administration has dodged consequent litigation. The White House implicitly concedes that it lacks the power to use civil rights regulations to require discrimination.
-more-

———————————————

(Your comment about inflation shows a surprising ignorance! Like the weather? Really? :) )
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DnD Central / Re: Everything Trump…
Last post by ersi -
Trump's lawyer was in turn compensated from campaign funds
This was neither charged nor litigated... But — that's your style! :)

As for the rest, ...
As for the rest, he was guilty on all counts. All of them, no exception, and this was considered the weakest and shakiest case!

You are simply demonstrating that law and order and justice mean absolutely nothing to you. Personality cult for the rapist, serial adulterer, convicted felon, business fraudster, insurrectionist, nepotist dictator wannabe, peddler of state secrets and election thief is your holy ideological principle.

You don't (or didn't?!) recognize the egregious lapses of integrity performed by the Democrats throughout these "Trump prosecution"?
It is part of your hyperpartisan lunacy to frame the prosecutions against Trump as if it were a partisan thing. No. Prosecuting Trump is prosecuting a criminal, a business fraudster, rapist, insurrectionist, peddler of state secrets and election thief. Who on the Democrat side has done it so that they should be prosecuted for it? The corruptants who have actually been found out, such as Menendez, are in fact on trial too, while baseless accusations, such as impeachment attempts against Mayorkas and Biden have amounted to nothing due to lack of evidence, not because of some deep state Soros conspiratorial idiocy.

Justice is not a partisan tit for tat thing. Justice is when you prosecute criminals regardless of their political and social standing. Trump is a criminal and should have been prosecuted a long time ago. And to do it safely, he should have been locked up years ago ahead of trial as is done to others for the same crimes. As it was done to Michael Cohen because this is the normal procedure. There was far more reason to do it with Trump because of his doxxing of jurors, court officials, and incitement of thuggery against witnesses. He got away with mere gag orders and with fines for breaching them, but he should have been locked up fair and square like everybody else is for far less.

Let me quote a Berkeley law professor and former federal prosecutor:
John Yoo states it plainly:
Bush Torture Lawyer John Yoo Calls for Revenge Prosecutions Against Democrats
Poor, innocent Donald Trump must be avenged.
https://nymag.com/intelligencer/article/john-yoo-demands-revenge-prosecutions-against-democrats.html

As is often the case, I have outread you. You prefer the comfort of hyperpartisan blinders. These are matters about your own country, so you should seriously try to know them better than non-Americans.
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DnD Central / Re: Everything Trump…
Last post by OakdaleFTL -
Trump's lawyer was in turn compensated from campaign funds
This was neither charged nor litigated... But — that's your style! :)

As for the rest, I don't doubt you have a deficient understanding of the indictment and prosecution of the trial. Indeed, you have no interest in such minutia! Your stance has always been "Orange Man, Bad!". (With the enhancement of "If it's bad for U.S., it's good!".)
Which leads me to this:

if the political system values integrity and self-preservation. American political system clearly does not
You don't (or didn't?!) recognize the egregious lapses of integrity performed by the Democrats throughout these "Trump prosecution"? Let me quote a Berkeley law professor and former federal prosecutor:
John Yoo states it plainly:
Quote
"Regardless of the trial's outcome, its consequences will have a profound effect on the presidency. The weaker the Trump cases are, the more open the invitation is to future prosecutors of presidents of the opposite party. "After this Trump trial, any city, county, or state prosecutor might be encouraged to prosecute any federal officer for conjured violations of a state's criminal law or other patently partisan reasons."

To remedy "this breach of constitutional norms," Yoo indicated that Republicans' only recourse is to observe the Golden rule: "Do unto others as they have done unto you. In order to prevent the case against Trump from assuming a permanent place in the American political system, Republicans will have to bring charges against Democratic officers, even presidents."

(There's more to the article linked to... Even some that might interest you, ersi. But I know how you feel about reading, so I'll simply leave the option available.)
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DnD Central / Re: Everything Trump…
Last post by ersi -
Trump is now a convicted felon in the Hush Money case.[1] The case was not simply about paying a prostitute to shut up (which is apparently legal), but paying a prostitute to shut up in conspiration with print media to avoid reputational damage to Trump's presidential campaign, while the payment scheme involved Trump's lawyer compensating the prostitute, and Trump's lawyer was in turn compensated from campaign funds referring to legal consultation fees where legal consultation did not happen. Some of that was apparently illegal, altogether 34 counts of indictment. Trump was found guilty on all counts. In legal terms, the former president lost to a prostitute. 

What now? Republicans stand with the convicted felon. Larry Hogan, (R-Maryland) campaigning for U.S. senator, who erred from the party line by calling people to "respect the verdict and the legal process", was instantly ostracised by the Trump camp.

The verdict should have taken Trump off the race. I assumed it would, because I assumed that Republicans would remember that they are the self-described party of law and order. Wrong assumption. Republicans are the party of strict ideological discipline where the ideology is a plain personality cult. In their mind, their front-runner can do no wrong. Court decisions have no effect on this. Such cultists have also infiltrated the judicial system, which has stalled all other legal cases against Trump. According to legal analysts, the Hush Money case was the weakest of Trump's cases, but now it's the only case that has made it to a conviction and Trump was found guilty on all counts. If the analysts are right, then Trump is even guiltier in all those other stronger cases. However, none of it matters to a party where the ideology is a personality cult.

I predicted earlier that Trump would not become the presidential nominee. To be pedantic, the prediction still has a month to go from now. In theory, the Republican party can still redeem itself. But the outlook is very bad. It rather looks like that it was correct of me to recommend the abolishment of the Republican party soon after the second impeachment failed. An insurrectionist party with openly anti-constitutional platform has no place in the politicial system, if the political system values integrity and self-preservation. American political system clearly does not.
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DnD Central / Re: The Awesomesauce of the American 2024 Presidential Elections
Last post by ersi -
I was expecting that you'd mention Biden's attempt to assassinate Trump on the Mar-a-Lago raid. Did you accidentally forget it?

Inflation, destruction of the auto industry, destruction of the energy sector; DEI in the military, schools and corporations...
Inflation is not what a president does. Inflation is pretty much like weather. The Fed and the Wall Street have the closest effect on it. The president does not. Besides, the inflation has been stabilised in USA. It is worse in the EU where there is no Biden.

Your auto industry started having a crisis as soon as you started importing Japanese cars. The worst times were under W. The city of Detroit went bankrupt in 2013. Since then, things have gotten better for the industry. Perhaps you don't like electric cars? Neither do I, except that I don't like cars overall. By the way, the biggest EV maker in USA is Elon Musk, who is part of the Trump cult. He is not complaining that the auto industry is being destroyed.

Destruction of the energy sector? You have been lied to.

DEI in the military, schools and corporations? If it's so bad, why did not Trump do anything to stop it? Maybe because in truth he really doesn't care to govern, as was demonstrated by his first term. He only likes to revel in attention and power, which he thinks must be absolute when he's the president.

The "Migrant Crisis" engineered by the administration...
You mean the migrant crisis engineered by Trump administration? First, he supposedly built a wall against migrants. If not, blame him. If yes, but there is still a real migrant crisis, blame him because his wall does not work.

But in truth there is no real migrant crisis, except for what Trump falsely claims for his campaign purposes. If you believe him, then you are exactly the factless type he targets. He targets the types who have no capacity to look things up. In other words, congrats for having been successfully brainwashed into the personality cult of your party leader.

Will you ever ask yourself why you are consistently wrong about everything? Of course you won't. You don't care about right or wrong. You care about hyperpartisanship for your dictator wannabe.