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Post by mikegarrison on Jan 27, 2021 22:31:23 GMT -5
Like Andrew Jackson, Trump will end up being censured by the Senate. Essentially a formal statement of disapproval. Why would the Senate do this? Why would anyone care if they did? I am not saying they will do this. But as for why they would do it: “I believe that the president has learned from this case,” Sen. Susan Collins (R-Maine) said last February, explaining why she would vote to acquit Trump. “The president has been impeached. That’s a pretty big lesson.” In other words, it would give certain Senators a chance to pretend they took some sort of meaningful stand while winking and nodding to the Trump supporters.
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The Senate
Jan 27, 2021 22:37:29 GMT -5
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Post by HOLIDAY on Jan 27, 2021 22:37:29 GMT -5
Why would the Senate do this? Why would anyone care if they did? I am not saying they will do this. But as for why they would do it: “I believe that the president has learned from this case,” Sen. Susan Collins (R-Maine) said last February, explaining why she would vote to acquit Trump. “The president has been impeached. That’s a pretty big lesson.” In other words, it would give certain Senators a chance to pretend they took some sort of meaningful stand while winking and nodding to the Trump supporters. Unfortunately Garrison and I agree. There hedging their bets which makes some big cowards either way.
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bluepenquin
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Post by bluepenquin on Jan 28, 2021 7:55:37 GMT -5
The economic crashes in the 1970s were primarily due to the oil shocks, not anything domestic. And of course it took time to recover from a world-wide economic collapse in the 1930s. FDR wasn't a magician. I don't know from where you get this fantasy about Republican governors saving Democratic cities. I did say we have a different opinion on history. The economic recession of the 1970's was not caused by the oil crises - the oil crises was caused by the economic decisions made. Brief history: The 1950's and 60's were considered economic boom periods for the US. However, the 1950's actually had a couple recessions. By 1960, 100% of the US economic policy was in the hands of Keynesians. These Keynesians had believed they had uncovered the key to business cycles. They believed they could micro manage the economy such that we would never see another recession. Of course this was pure fantasy. Kennedy passed a very large tax cut in 1961 (I am guessing the largest tax cut in US history, but I don't know this for sure). This helped fuel an economy that was already on an upswing. Through this prosperity, we expanded Government spending and programs through the 'Great Society'. We lived through a drunken party believing that we had solved recessions from ever happening and that there would be no hangover in the future. We also started taking silver out of the US coins in 1964 and it was all gone by 1968. By 1970, the US currency was 100% fiat with no gold backing. These are things that would lead to massive inflationary pressures that would haunt the country through the 70's and into the 80's. Nixon comes up with the horrible idea of price controls - an action that had terrible ramifications. I find it interesting how in ~ 1975, most people believed we were running out of oil. That the Earth's natural resource of oil couldn't meet the increasing demands and consumption of oil. That all oil reserves would quickly dry up. This believe led to 'rationing' and price controls that exasperated the problem with OPEC. 45 years later - after exponential growth in oil consumption, we aren't even close to tapping out the world's supply of oil. Econ 101 - if you put price controls in place or artificially try to 'correct' the market, you will end up with shortages. And that is what happened. This belief in price controls or other market 'corrective' measures led to things like rent control. Rent control help destroy our cities. 2 things are going to come from something like rent control; 1) shortage of housing. The quantity of housing demanded at the lower than market price will be much greater than the supply of housing. 2) The quality of the housing will be vastly worse. And this is what we saw. Landlords had no incentive to keep up the maintenance or quality of the housing they were providing. New landlords weren't interested in building new housing or offering more housing as the market took the profit out of this. As a result, the non poor left many of these decaying cities. Cities filed for bankruptcy. It took decades to reverse this.
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Post by mervinswerved on Jan 28, 2021 8:23:45 GMT -5
The least surprising thing ever is that you're a gold standard guy.
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Post by future on Jan 28, 2021 8:29:56 GMT -5
The least surprising thing ever is that you're a gold standard guy. All Gold is Extraterrestrial (then again so are we)
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Deleted
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Post by Deleted on Jan 28, 2021 9:53:33 GMT -5
Tweet (Kurt Bardella): The #Benghazi attack occurred on September 11, 2012. 3 years later, on October 15, 2015, @hillaryclinton testified before a GOP-controlled Congressional Committee for 11 hours. 3 weeks ago, our Capitol was under siege by domestic terrorists. Republicans want us to move on. For the record, I’m all for an investigation to see if there was any inside support of people who ultimately infiltrated the Capitol. AOC made this claim. If there was assistance, they should be tried for treason. (That being said, I find it unlikely this happened) Well, sure. There's that. TOO.
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bluepenquin
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Post by bluepenquin on Jan 28, 2021 10:28:38 GMT -5
The least surprising thing ever is that you're a gold standard guy. Not strictly - but I am opposed to unrestrained printing of money. The Fed improved a lot with Volkur, but we have been going down a path of too easy money for a long while now and I believe a reckoning is going to occur.
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Post by mervinswerved on Jan 28, 2021 11:24:20 GMT -5
The least surprising thing ever is that you're a gold standard guy. Not strictly - but I am opposed to unrestrained printing of money. The Fed improved a lot with Volkur, but we have been going down a path of too easy money for a long while now and I believe a reckoning is going to occur. I guess that depends on what you think the economy is "for."
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