Chomsky; Trump will collapse economy

Rune said:
Did you mean recession?
The so called recession of Dubya was so brief that it only existed long enough for Dubya to use it as an excuse to cut taxes.
That's why you didn't know when it ended.
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LOL, so called recession? So the dot com bust didn't occur and there wasn't a recession? It was all just our imagination?
 
cawacko said:
LOL, so called recession? So the dot com bust didn't occur and there wasn't a recession? It was all just our imagination?
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It was the smallest recession ever.
If Bush hadn't mentioned it it never would have been noticed.
I lived through real grueling recessions.
That was a paper recession.
 
Rune said:
It was the smallest recession ever.
If Bush hadn't mentioned it it never would have been noticed.
I lived through real grueling recessions.
That was a paper recession.
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Da Fvck? So you work on a boat, is that why you are so clueless about the econony?
 
cawacko said:
Da Fvck? So you work on a boat, is that why you are so clueless about the econony?
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There were no two consecutive quarters of negative growth.
Labor wasn't affected.
It was a minor slowdown.
It didn't even affect all developed countries and had no affect on undeveloped countries.
It is not I who is clueless and many economists also object to terming it a recession.
 
Rune said:
Chomsky: Trump Driving US to Another Economic Crash




A surge in Wall Street stocks after Donald Trump’s election and a billionaire-packed cabinet will lead to a 2008-like economic crisis.


The United States is heading toward another large economic crash as President Donald Trump packs his cabinet with billionaires and former executives in Wall Street, renowned political scientist and linguist Noam Chomsky said in a recent interview.In an interview with AlterNet, Chomsky pointed to the staggering number of Wall Street chiefs who have been appointed in his cabinet. "Anti-establishment is kind of a joke," Chomsky concluded. "Take a look at Trump and take a look at who's appointed for the cabinet."
He pointed to Treasury Secretary Steve Mnuchin who "comes from Goldman Sachs, a major investment firm where he was for almost 20 years."
As a result, Wall Street has been cheering for Trump and his administration, Chomsky argued. “As soon as Trump was elected, and since, stock values in financial institutions escalated to the sky.”
Stocks like pharmaceuticals, banks and prisons have all soared under the promise of tax reform and less regulation.

http://www.telesurtv.net/english/ne...-to-Another-Economic-Crash-20170315-0045.html
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What did you really expect from the political party that gave us George Dumbya Bush, Sarah Palin, Dick Cheney, and Donald J. Drumpf. Substantive policy, serious deliberation, and thoughtful analysis??

It's not even really a viable political party anymore. It is the world's biggest clown show.
 
Cypress said:
What did you really expect from the political party that gave us George Dumbya Bush, Sarah Palin, Dick Cheney, and Donald J. Drumpf. Substantive policy, serious deliberation, and thoughtful analysis??

It's not even really a viable political party anymore. It is the world's biggest clown show.
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We see what the European style of social democracy you wants gets us. We didn't have one year of 3% growth under Obama and Europe is struggling far worse than us.

(Free market) capitalism has brought the highest economic growth this world has seen. That's substantive policy for you.
 
Rune said:
There were no two consecutive quarters of negative growth.
Labor wasn't affected.
It was a minor slowdown.
It didn't even affect all developed countries and had no affect on undeveloped countries.
It is not I who is clueless and many economists also object to terming it a recession.
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How about name one economist, let alone many, who don't think there was a recession in 2008
 
cawacko said:
We see what the European style of social democracy you wants gets us. We didn't have one year of 3% growth under Obama and Europe is struggling far worse than us.

(Free market) capitalism has brought the highest economic growth this world has seen. That's substantive policy for you.
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I really don't know how to talk to someone whose premise is: Repubilcans=capitalists, Democrats=anti-capitalists.

I don't accept your premise.

The funny thing is, you live in a liberal state which is the home of super-charged capitalism. From banking, to high tech, to entertainment. Alabama doesn't even come close to matching capitalism in California.
 
Cypress said:
I really don't know how to talk to someone whose premise is: Repubilcans=capitalists, Democrats=anti-capitalists.

I don't accept your premise.

The funny thing is, you live in a liberal state which is the home of super-charged capitalism. From banking, to high tech, to entertainment. Alabama doesn't even come close to matching capitalism in California.
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What you're arguing for is the European style of welfare capitalism (probably not the most articulate term). We see the results of that in Europe and under Obama.

We have immense wealth in California. We also have huge inequality. If the goal is a state of rich and poor with no middle California is a great model. Texas has been the fastest growing econony yet they allow developers to build so housing prices are actually affordable.
 
Rune said:
He has been a professor at MIT for 62 years.
I imagine he knows a bit more than a telemarketer selling perfumes
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You do make me laugh. Prof. Richard Lindzen has been a professor of atmospheric physics at MIT for many years, published hundreds of papers yet you dismiss him out of hand. Same with Freeman Dyson at Princeton, who was a contemporary of Einstein and is arguably the smartest person alive. They are both dismissed airily by fools like you as contrarians or climate deniers.

Sent from my Lenovo K52e78 using Tapatalk
 
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