Joe Biden Wins - Becomes 46th president of the United States

[Foxi4]

"Beloved" is a funny way to describe something bordering on a cult of personality.

I don't see that as an issue as long as the droves of thralls (which exist on both sides of the aisle, by the way, and will tow the line without question) support the candidate that forwards my policy goals and represents my interests.

I’m sure he will be remember just like Regan and like the failure that is Reganmonics.( which attributed to the ridiculously disparaging wealth gap it created.

Reaganomics worked precisely as intended and pulled the U.S. out of a recession in record time. The median household income increased by $4000, unemployment fell from 9.7% down to 5.5%, inflation fell from 13.5% down to 4.1% and around 17 million new jobs were created as a direct result of Reagan's policies - you saw similar growth under Trump until the world was hit with COVID19, rocking the entire boat. "Income inequality" or "the wage gap" is a red herring when everyone's median incomes are increasing. I'd rather be wealthier myself than equal in squalor.

 

[Plasmaster09]

I don't see that as an issue as long as the droves of thralls (which exist on both sides of the aisle, by the way, and will tow the line without question) support the candidate that forwards my policy goals and represents my interests.

Fair point... but the problem with people that support a person and not a set of ideals is that what they actually support shifts along with that person- and Trump loves changing his mind at a moment's notice if it'll benefit him in the short-term.

 

[D34DL1N3R]

Best thing to hope for now is that Dems take Senate (unlikely as of this post) and we see Trump impeached, again, before the 20th.

 

[Foxi4]

Fair point... but the problem with people that support a person and not a set of ideals is that what they actually support shifts along with that person- and Trump loves changing his mind at a moment's notice if it'll benefit him in the short-term.

In all fairness, I think monoliths are overrated. I'm perfectly supportive of changing political positions based on new-found information. "Flip-flopping" is only an issue when it happens back and forth repeatedly, and even then I look at those things in context.

 

[KingVamp]

Yeah, no. I hope the "complete denial of reality" party doesn't live on. The only "platform" Trump actually had, was finding anyone and doing anything that would enrich himself.

 

[White_Raven_X]

I understand everyone is allowed to their own opinion, but in cases like this opinion doesn't matter and FACTS do.

GOP election official tells legislators no 'credible evidence of large-scale voter fraud' during November election

Source: https://www.google.com/amp/s/amp.jsonline.com/amp/3884147001

The election was NOT stolen... There is no proof of that, and trumps Court cases all failed.

 

[Foxi4]

Yeah, no. I hope the "complete denial of reality" party doesn't live on. The only "platform" Trump actually had, was finding anyone and doing anything that would enrich himself.

Himself and millions of Americans. By late 2019 real median household income has increased by $4400, reaching a historic high of $68,700. Over the course of his presidency the figure rose by 9.7%. The U.S. also enjoyed some of the lowest rates of unemployment until the pandemic hit, leading to many businesses shutting down as a result of lockdowns decimating their revenue streams. Trump can be criticised from a variety of angles, but financial outcomes for Americans isn't one of them.

https://www.factcheck.org/2019/10/trumps-numbers-october-2019-update/

I suspect these trends would've continued in a post-COVID economy.

 

[djpannda]

lol really??

Tonight while I was in Missouri, Antifa scumbags came to our place in DC and threatened my wife and newborn daughter, who can’t travel. They screamed threats, vandalized, and tried to pound open our door. Let me be clear: My family & I will not be intimidated by leftwing violence

— Josh Hawley (@HawleyMO) January 5, 2021

he's using Antifa as a Scare tactic..
Look at the "Antifa" that the Right is always claiming is the boogiemen.
.. yup a group of 15 people holding a vigil is the Scary Antifa!!!

 

[White_Raven_X]

Himself and millions of Americans. By late 2019 real median household income has increased by $4400, reaching a historic high of $68,700. Over the course of his presidency the figure rose by 9.7%. The U.S. also enjoyed some of the lowest rates of unemployment until the pandemic hit, leading to many businesses shutting down as a result of lockdowns decimating their revenue streams. Trump can be criticised from a variety of angles, but financial outcomes for Americans isn't one of them.

https://www.factcheck.org/2019/10/trumps-numbers-october-2019-update/

I suspect these trends would've continued in a post-COVID economy.

I do not fully agree with this statement. As per the link you posted, it states the following :

• Economic growth fell far short of the annual 4% to 6% Trump promised. The most recent rate is 2.0%.
• The federal debt went up more than $2.4 trillion. The annual deficit hit nearly $1 trillion in fiscal year 2019 – the highest since 2012.
• Single-family home prices rose nearly 23%, hitting a record level in June.
• The trade deficit — which Trump promised to reduce — went up 30%.
• The number of Americans lacking health insurance rose nearly 2 million.
• The number of murders dropped 6.9%. But the number of rapes went up.
• Illegal border crossings nearly doubled, as of the most recent 12 months on record.

Source: https://www.factcheck.org/2019/10/trumps-numbers-october-2019-update/

Single family home prices going up seems like a good thing right, But every year you pay taxes on your homes assessment... Who do you think pockets the money and who does that hurt!?

The trade deficit went up because of currency misalignment due to Trump the US export rates were too high. source: https://www.google.com/amp/s/www.politico.com/amp/news/2020/10/06/trump-trade-deficit-426805

Rapes increased during Trumps office, pretty much due to Trump's rhetoric of "Grab them by the P*ssy".

So yeah I disagree with your "fact check" that Trump is making people more rich... It's a fact and it's proven that Trump inhereted a good economy.
Source: https://www.nbcnews.com/politics/me...n-t-build-great-economy-he-inherited-n1237793

 

[Plasmaster09]

lol really??
https://twitter.com/HawleyMO/status/1346308783325253633
he's using Antifa as a Scare tactic..
Look at the "Antifa" that the Right is always claiming is the boogiemen.
.. yup a group of 15 people holding a vigil is the Scary Antifa!!!

I find it hilarious that they still think Antifa is even... an organization at all, and not what it is- literally just an ideology. A pretty simple and hard-to-argue-with one at that: fascism is bad.
They're so desperate to blame the left for everything that they'll make an evil organization strawman out of an ideology.

 

[D34DL1N3R]

By late 2019 real median household income has increased by $4400, reaching a historic high of $68,700. Over the course of his presidency the figure rose by 9.7%. The U.S. also enjoyed some of the lowest rates of unemployment until the pandemic hit

Right. But only because Trump was riding the Obama economy coat tails & the data suggests as such.

 

[djpannda]

• Jay Sekulow, President Donald Trump's impeachment lawyer and personal defense attorney, said Trump's insistence that Vice President Mike Pence reject the electoral results of several states is unconstitutional.

Even Trumps personal lawyer is saying SHHHH STOP Talking!!

 

[Foxi4]

Right. But only because Trump was riding the Obama economy coat tails & the data suggests as such.

The data suggests that median income increases accelerated under Trump, not just compounded on top of Obama's. The increased rate of economic progress was a predictable result of economic policy pursued by Trump's administration. Even the Wall Street Journal, a publication hostile to Trump, admits as much.

https://www.wsj.com/articles/trumps-middle-class-economic-progress-11569786435

Rapes increased during Trumps office, pretty much due to Trump's rhetoric of "Grab them by the P*ssy".

That's laughable. There's no causality to speak of here, rapists don't go around raping people because a celebrity said so. The increase was caused by a general trend of women feeling more empowered to come forward, a natural result of the #MeToo movement. I very much doubt the actual number of rapes has changed significantly, rather they were reported and investigated more often.

So yeah I disagree with your "fact check" that Trump is making people more rich... It's a fact and it's proven that Trump inhereted a good economy.

He inherited a middling economy and improved upon it. Latest figures are understandably lower since we're in the middle of a pandemic.

https://www.bloomberg.com/opinion/articles/2020-10-30/trump-s-economy-really-was-better-than-obama-s

 

[Xzi]

The data suggests that median income increases accelerated under Trump, not just compounded on top of Obama's. The increased rate of economic progress was a predictable result of economic policy pursued by Trump's administration. Even the Wall Street Journal, a publication hostile to Trump, admits as much.

https://www.wsj.com/articles/trumps-middle-class-economic-progress-11569786435

There have been any number of economic indicators that a crash or recession was coming since about late 2017. Trump did absolutely nothing to avoid it, and he might have even accelerated the timeline on it with his complete disregard (and/or disdain) for the middle and lower classes. Economics is just another of the many subjects he's clueless about. Eight trillion added to the national debt, and all we got in return for it was $1800 each to survive on for a full year.

 

[Foxi4]

There have been any number of economic indicators that a crash or recession was coming since about late 2017. Trump did absolutely nothing to avoid it, and he might have even accelerated the timeline on it with his complete disregard (and/or disdain) for the middle and lower classes. Economics is just another of the many subjects he's clueless about. Eight trillion added to the national debt, and all we got in return for it was $1800 each to survive on for a full year.

The best thing the Biden administration could possibly do for the economy is to continue on the path laid out by Trump as it's providing measurable results and is a surefire way to a speedy recovery. Sadly it's also ballooning the deficit - that's pretty much the only criticism I have in regards to Trump's economic policy. The printer keeps going brrr, so I suspect rampant inflation will follow suit, which is why I suggest diversifying portfolios further and perhaps taking some of your savings and hedging, at least for the time being.

 

[Xzi]

The best thing the Biden administration could possibly do for the economy is to continue on the path laid out by Trump as it's providing measurable results and is a surefire way to a speedy recovery.

A speedy recovery for who exactly? Amazon and the like made record profits from this pandemic, they don't need to "recover" from anything. Biden needs to raise the tax rate on big business right back to where it was before Trump cut it, maybe even put it a little higher. If he then wants to cut taxes for those making $75,000 or less, I'm all for it. Additionally, the student debt crisis needs to be addressed before the bubble pops and puts even more stress on the economy.

 

[Foxi4]

A speedy recovery for who exactly? Amazon and the like made record profits from this pandemic, they don't need to "recover" from anything. Biden needs to raise the tax rate on big business right back to where it was before Trump cut it, maybe even put it a little higher. If he then wants to cut taxes for those making $75,000 or less, I'm all for it. Additionally, the student debt crisis needs to be addressed before the bubble pops and puts even more stress on the economy.

I'm not interested in paying off other people's debts. I'm sorry that some chumps got sold on the promise of a degree that there's no demand for on the marketplace, but that's on them - the government isn't Santa. Their names are on the dotted lines, they're the ones who got themselves into crippling debt and it's their problem - don't take out loans you can't pay off. On fact, I would love to see the higher education bubble pop - it's an industry based entirely on selling degrees for "free money" issued via government-backed loans, which is a never-ending cycle of increasing the cost of tuition. Loans did this, universities did this, previous administrations enabled this.

As for the "who", pretty much everyone benefits from Trump's aggressive domestic tax policy, especially if they have savings in stocks (55%), IRA (43% traditional, 44% Roth) or a 401K (32%) - increasingly large swathes of the population do. Millions of Americans are affected by the stock market, this is a fact. The tarrif war we can live without, let's drop that, it's not helping anyone.

 

[omgcat]

I'm not interested in paying off other people's debts. I'm sorry that some chumps got sold on the promise of a degree that there's no demand for on the marketplace, but that's on them - the government isn't Santa. Their names are on the dotted lines, they're the ones who got themselves into crippling debt and it's their problem - don't take out loans you can't pay off. On fact, I would love to see the higher education bubble pop - it's an industry based entirely on selling degrees for "free money" issued via government-backed loans, which is a never-ending cycle of increasing the cost of tuition. Loans did this, universities did this, previous administrations enabled this.

As for the "who", pretty much everyone benefits from Trump's aggressive domestic tax policy, especially if they have savings in stocks or a 401K - increasingly large swathes of the population do. The tarrif war we can live without, let's drop that, it's not helping anyone.

except trumps economic plans makes most economists want to put a gun in their mouth. trump has been an unfettered economic disaster. the "great economy" he had just before covid was a shit economy with most people having to work multiple jobs(woo record high unemployment!) while the stock market was propped up by stock buy backs. if you don't care about helping people with debt, don't get angry when the housing market collapses due to garnished wages stopping people from paying their mortgage and kills the other sectors with it. this is going to make 2008 look like a cake walk.

his fucking trade war with china fucked farmers so hard that 40% of agricultural income was covered by federal aid and insurance in 2019, before covid. why should farmers get bailed out when they made their business decisions? they signed the dotted line just like the college graduates.

 

[Foxi4]

except trumps economic plans makes most economists want to put a gun in their mouth. trump has been an unfettered economic disaster. the "great economy" he had just before covid was a shit economy with most people having to work multiple jobs(woo record high unemployment!) while the stock market was propped up by stock buy backs. if you don't care about helping people with debt, don't get angry when the housing market collapses due to garnished wages stopping people from paying their mortgage and kills the other sectors with it. this is going to make 2008 look like a cake walk.

You meant to say "record low unemployment" (50-year low, in fact), at least until lockdowns decimated small businesses and forced many Americans out of work. You have individual states to blame for that, not the economic policy of the administration.

https://www.bbc.co.uk/news/business-49934309

As for the stock market, I'm not stoked by buybacks, I am stoked by the small-time trader, aka "Robinhood" boom - it's very exciting to see more and more people participating in the marketplace, it's disruptive, in a good way.

https://www.cnbc.com/2020/10/07/how-robinhood-and-covid-introduced-millions-to-the-stock-market.html

why should farmers get bailed out when they made their business decisions? they signed the dotted line just like the college graduates

I agree, let them go bust. I've been against farm subsidies all my life. I don't have to be a fan of *everything* he does - I don't like subsidies, I'm not a fan of the trade war. I'm a free market guy.

 

[Xzi]

I'm not interested in paying off other people's debts.

It's not a matter of individual preference, we never get to pick and choose where our tax dollars are spent anyway. Either it gets paid off sooner for a lower cost, or we end up having to pay for it later with interest added in, and after the bubble has already caused maximum damage. If it's more palatable to you, just think of it as another big bank bailout for a fraction of the cost. "Too big to fail" and all that.

Their names are on the dotted lines, they're the ones who got themselves into crippling debt and it's their problem - don't take out loans you can't pay off.

Honestly I'd be fine with this line of thinking if it was applied evenly across the board to all individuals and corporations, but we all know this isn't the case in America. If you're rich, or even if you were rich at some point in the past, you probably have hundreds of millions of dollars of credit to play with. Then when the bill comes due you can simply refuse to pay it, and face no consequences whatsoever, as Trump did with Deutche Bank.

Meanwhile, for other individuals who can't pay a $50 fine, we still have what amounts to debtors prisons in many parts of the country.

As for the "who", pretty much everyone benefits from Trump's aggressive domestic tax policy, especially if they have savings in stocks or a 401K - increasingly large swathes of the population do.

A lot of Americans own stock, but maybe 1-2% actually make a living buying and trading stocks. The solution to a recession and/or economic recovery following the pandemic is nowhere to be found on Wall Street. The stock market also seems to prefer Biden to Trump regardless.