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This is a big deal
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De
09/09/2020 01:57:44
 
 
À
02/09/2020 22:00:09
Information générale
Forum:
Business
Catégorie:
Embauche
Divers
Thread ID:
01675869
Message ID:
01676039
Vues:
73
>>The same is true in the US: under Democratic control, more money goes directly to those who need money (and therefore spend it right away) and to projects (like roads, bridges, etc.) that hire people. Those efforts result in less Federal debt after 4 or 8 years and a healthier economy. Under Republicans, the money goes to corporations, where a good chunk of it is never seen again. Money doesn't come from a "pot" -- it moves around the economy, either quickly or slowly. When it moves quickly, everyone benefits. This isn't just Keynesian theory -- it's been proven over and over again across the shifts in political power in the US.
>
>The Democrats had eight years to demonstrate that under Obama ---
>and Trump was elected.
>
>If you look at who benefited from TARP you'll understand why the Tea Party (and Trump) thrived and will continue to thrive.
>
>Trump is a disgusting, obnoxious boor, but the things that got him elected haven't changed.

Agreed on TARP. for the most part. The automaker bailouts worked out (but the workers should have been better protected). In fact, most of the bailouts worked out. But some of the executive bonuses were plain ugly. And the lack of prosecution of mortgage companies who hid their bad tranches of loans by hiding the bad loans (e.g, by not accepting short sales) was appalling. Keeping companies together is smart economics: building complex systems is a drain on the economy. It's much cheaper, to society, to keep them intact.

All that said, our economic recovery afterwards, starting in late 2009 and continuing to today, was better than many other advanced countries. So there's that.

As for the Tea Party... How one can be for the working person and be against Unions that protect worker health, working conditions, wages and benefits is beyond my comprehension. Of course the money for the Tea Party came for people who want employers to have free rein to do whatever they want. Follow the money. Those same tea party funders have said they want no government regulation. Follow the money.

Trump did tap into the legitimate frustrations of those cast aside for generations (I live in KY in the Appalachian foothills) and those whose relatively comfortable way of life is increasingly insecure because of a changing society. He didn't, doesn't, have any solutions for these folks except to urge them to hate. And to buy his merchandise.

Hank
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