BC ECONOMY

Larry Schweikart
@LarrySchweikart 4 years, 4 months ago 716 views

1) Well, also there is this:

For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.

The only way that debt comes down is if rest of world flips to trade deficit status w/US (I.e., trades accumulates $USD from prior trade surpluses w/US for actual goods & services). Not likely anytime soon. $USD as global reserve currency requires massive public debt.
— David "Most Vicious Dogs & Ominous Weapons" Herr (@davidcherr) January 15, 2021

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Larry Schweikart
@LarrySchweikart

1) Raise your hand if you remember how the RINOs and neverTrumpers ridiculed us in 2015 when we supported Trump saying, "he fights!"

Remember how much abuse we took for that?

Guess what.

We now have Justice Kavanaugh largely because both Trump and K fought.

2) Trump had every opportunity to bail on Judge K. I'm sure he asked the Judge, "Do you want to keep going through this? Cuz I'll stand by you if you do."

3) Either of the Bushes, McTurd, Minion,ANY other leading R would have bailed on Judge K the first time Balless Edsel talked

3) Do you RINOs, you neverTrumpers get it yet?

It is ONLY because Trump "fights" that ANYTHING gets done--trade treaties, tax cuts, immigration control, denuking Korea.

You can't have Falstaff and have him thin. You can't have victories & play nice with Commies or DemoKKKrats

Larry Schweikart
@LarrySchweikart

1) FL absentees, early voting:

*Dems as expected ("souls to the polls Sunday") had a good day and FINALLY take the early walk-in vote lead by 6,100 votes.

Rs total: 1,151,593
Ds total: 1,092,547

Rs +59,046 combined lead. This is very good for this point in the campaign.

2) At this point in 2016, Rs only led by 40,000. I could be mistaken but I think yesterday was the last day polls were open on Sunday, so the final "souls to the polls" Sunday.

3) As of yesterday, four red counties were yet to report. That would likely boost the lead back to 70k

4) I don't think the FL Rs in their wildest dreams expected to lead this late in the campaign.

5) Likewise in NV:
Clark (with its union "encouragement" for members turned out big yesterday and added net 6,000 voters.

However---big however---neither Washoe nor the rurals . . .

(5) contd. . . were open yesterday. My guesstimate is that would slice that number in half.

While this helped, the NV Ds are still looking at a significant--to potentially massive--shortfall from their 2016 numbers coming out of early voting.

6) Gotta make sure you compare days to days. Calendars and voting days differ.

Larry Schweikart
@LarrySchweikart

1) Gonna offer a hypothesis. This is NOT a prediction quite yet.

2) In the last couple of days the DNCC went back into IA1 (Blum) and VA10 (Comstock) and began placing ads again.

3) These were races they thought they had won in mid-summer. Barbara Comstock was the . . .

3) contd . . epitome of the endangered R who would lose her seat in the fall. She of course still might.

4) But this race was supposed to be over weeks ago. The fact that the DNCC is now having to fight for this territory tells me something.

5) I think the DemoKKKrat strategists can actually read. Moreover, I think they can read absentee/early voting #s as well as we can.

6) Which means they see they are getting buried. Even in NV, the only state of six where they have a tiny lead, I'm told that . . .

6) contd . . when the rural counties come in, Ds will be a shocking 41,000 short of their 2016 numbers (when Trump only lost by 27,000).

7) What does it mean they are now having to retake the "cities" they supposedly held? It probably means they never held them at all.

8) Their "leads" were always based almost entirely on polls.

9) But I think it means something more. I think the DNC is . . .

SCARED. TO. DEATH.

Larry Schweikart
@LarrySchweikart

1) Where we are: This is much, much bigger than a fraudulent election (it was) or rampant gubment tyrannical China Virus abuse (it is).

2) What we are facing has been building for a good 30 years.

3) I date it back to the GOP failure to defeat Clinton in the gubment shutdown.

4) If you went to public school, that would be the 1995 budget battle.

5) The brand new GOP Congress, with plenty of public support, failed to rein in a Clinton bloated budget.

6) It wasn't the numbers. Compared to today's deficits & debts, this was pocket change. Rather, this was the first time since the Cold War, which was a legit excuse for constant deficit spending, that Congress failed to do its MAIN constitutional duty--oversee spending.

7) No, this isn't a thread about deficits or debt. At present, I don't think those pose the biggest challenge to us, or even probably one of the top five.

8) Rather, this is about a deadly disease that hit DC & the patient refused to take any medicine for it.

9) The disease was the failure to address the major problems of the day, whether it was deficits, Islamic terrorism, the banking crisis, or trade.

10) Vote fraud & this frankenstein of an election is only the latest SYMPTOM of this much larger disease.

Larry Schweikart
@LarrySchweikart

1) My friends, I will share with you publicly what I've been sharing with many of you privately.

2) The time for faith is not when you are getting your way, when everything is going well, when all your "prayers are answered."

3) That's the exact opposite of faith.

How We Can Keep the Faith in America When Everything Is Shaken https://t.co/gJKWXJYdnc @DailySignal #AAG #AAG2020
— All American Girl (@AIIAmericanGirI) January 14, 2021

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$Villi \U0001f1fa\U0001f1f8$

Villi 🇺🇸...
@villi

A few thoughts on tax policy. Thread:

So you are worth >$100M or perhaps even a few billion. There are only two ways to become this rich.

1. You start a business that becomes very successful.
2. You inherit wealth from your family. 1/

Whether you created a great company or inherited a lot of wealth, you are now sitting on a capital asset. You don’t really have any ordinary income (not meaningful to be relevant) and you never will. To the extent you ever pay taxes, it will be capital gains. 2/

The highest tax rate that the super rich will ever pay on their income (or wealth) is 20% capital gains tax. So, the super rich pay the equivalent effective tax rate of any American earning $75K (when you include FICA taxes). Same as a teacher or a cop. 3/

The question following from this obvious injustice in the tax system is the appropriate policy for taxing capital income. Economic policy would suggest that the best tax rate on capital is 0%. Why? ...4/

...Because in a capitalist society you want capital flowing efficiently without friction to its most productive use. Benefits of that are obvious. 5/

$Noahtogolpe \U0001f407$

Noahtogolpe 🐇
@Noahpinion

1/OK, let's take a little break from Coup Twitter, and think about an economic issue:

How can we build up the wealth of the middle class?

2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.

This is a fact that is not widely known or appreciated.

3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to

Yes, these numbers don't include things like Social Security, just privately held wealth. They're not an attempt to capitalize every possible future income stream.
— Noahtogolpe \U0001f407 (@Noahpinion) January 10, 2021

4/For many decades after World War 2, middle-class wealth in America was on a smooth upward trajectory.

Then the housing crash came, and all that changed. Suddenly the rich were still doing well but everyone else was seeing the end of their American Dream.

5/Why the divergence?

Because the American middle class has its wealth in houses -- specifically, in the houses they live in.

It's the rich who own stocks.

Michael Kao
@UrbanKaoboy

Re: Fannie/Freddie-The Path Is Actually Clearer NOW. On its face, this claim may sound ludicrous off the back of a precipitous drop in valuations due to what some interpret as SM losing his nerve and punting to a hostile Admin. In this thread, I posit the exact opposite.

First, the economic realities: 1) GSEs are the bedrock behind our housing market which in turn is the bedrock behind our economy, 2) after 12 years and $300 bn, gov has thus far squandered the opportunity to recap, 3) this economy recovery is VERY long in the tooth.

When Trump took office, we all hoped that he would usher in a regime change from the Admins that enacted conservatorship and then the Net Worth Sweep. Well, he actually did that with the appointments of SM and MC.

Yet, what always bothered me about SM was his perfect poker-face. For those of you following me for awhile, you know I’ve been saying that I couldn’t tell whether he was just playing bad cop or really was Darth Vader incarnate.

The primary consensus exit preconditions were: 1) there has to be a demonstrable path to meeting cap reqs, 2) the SPS needs to be forgiven, 3) court cases need to be settled.

Goldy
@GoldyHA

1/ To add a little texture to @NickHanauer's thread, it's important to recognize that there's a good reason why orthodox economists (& economic cosplayers) so vehemently oppose a $15 min wage:

The min wage is a wedge that threatens to undermine all of orthodox economic theory.

1/4 Most people, especially academic economists, think that the controversy over the minimum wage is a contest over facts. It's not. It's a contest over power, status, and wealth. It is just like the contest over racial and gender justice.
— Nick Hanauer (@NickHanauer) January 17, 2021

2/ Orthodox economics is grounded in two fundamental models: a systems model that describes the market as a closed equilibrium system, and a behavioral model that describes humans as rational, self-interested utility-maximizers. The modern min wage debate undermines both models.

3/ The assertion that a min wage kills jobs is so central to orthodox economics that it is often used as the textbook example of the Supply/Demand curve. Raise the cost of labor and businesses will buy less of it. It's literally Econ 101!

4/ Econ 101 insists that markets automatically set an efficient "equilibrium price" for labor & everything else. Mess with this price and bad things happen. Yet decades of empirical research has persuaded a majority of economists that this just isn't

5/ How can this be? Well, either the market is not a closed equilibrium system in which if you raise the price of labor employers automatically purchase less of it... OR the market is not automatically setting an efficient and fair equilibrium wage. Or maybe both. #FAIL

Brian Wesbury
@wesbury

Inflation Is Coming!

Some say: Inflation didn’t rise after 2008-2015 Fed QE, so it won’t rise this time. Here are the problems with that argument.

1) From 2008-2015 regulators hammered the banks, so while the Fed’s balance sheet expanded, M2 did not accelerate.

2) In 2020, we used the banks to push out money, the opposite of the first round of QE. PPP loans were financed through banks and unemployment checks were direct-deposited.
3) The M2 measure of money is up more than 25% in the past 12 months.

4) That alone, 25%+ M2 growth, is enough, but we are compounding the problems.
5) Regulating fossil fuel production drives energy prices up.
6) Ag, industrial & transportation are energy intensive, and many claim they are bad for the environment. Result: higher prices.

7) Federal government borrowing and deficit spending encourages more Fed money printing, and artificially lifts demand.
8) Higher tax rates, rising minimum wage, and big government crowd out the private sector; reducing supply.
9) Demand up; Supply down! Inflation is coming.

The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.

"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"

It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.

Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.

raina douris
@RahRahRaina

fascinated by this man, mario cortellucci, and his outsized influence on ontario and GTA politics. cortellucci, who lives in vaughan and ran as a far-right candidate for the italian senate back in 2018 - is a major ford donor...

his name might sound familiar because the new cortellucci vaughan hospital at mackenzie health, the one doug ford has been touting lately as a covid-centric facility, is named after him and his family

but his name also pops up in a LOT of other ford projects. for instance - he controls the long term lease on big parts of toronto's portlands... where doug ford once proposed building an nfl stadium and monorail... https://t.co/weOMJ51bVF

cortellucci, who is a developer, also owns a large chunk of the greenbelt. doug ford's desire to develop the greenbelt has been

and late last year he rolled back the mandate of conservation authorities there, prompting the resignations of several members of the greenbelt advisory