Stocks drop again after failing to rebound from Monday's plunge

[TTQ64]

I have long maintained that rightwing hostility to the social safety net is rooted in racial resentment.

They do not think brown people can be trusted with a generous social welfare state; that the "darkies" are unable to resist the temptation to abuse it.

Don't take my word for it. You can find billions of examples of conservatives telegraphing a grudging admiration for Scandinavian social welfare states - in large measure, because they feel white people (aka, non-brown people) can be trusted with it.

They don't want to give us shit. They think we should still be slaves. If your black ass is going to be here then you will work And if you don't work you go to prison.

It's not about trust, it's about hate.

[Casual Leftist]

Yes. It helps argument for socialism and govt take over.

Well it's generally true the failings of capitalism help Bernie and the progressive movement. But it's not a take over. It's returning to the New Deal roots. That's FDR - but did you know Teddy was a progressive? Many of the problems of income inequality we see today existed 110+ years ago. Low wages, high rent. An oligarchy of the rich controlling politicians lead by the billionaire and industrial classes. That's why with great technological and economic progress if it doesn't include the poor and working class it's going to have to eventually. The gap can only get so wide.

[Irish]

Well it's generally true the failings of capitalism help Bernie and the progressive movement. But it's not a take over. It's returning to the New Deal roots. That's FDR - but did you know Teddy was a progressive? Many of the problems of income inequality we see today existed 110+ years ago. Low wages, high rent. An oligarchy of the rich controlling politicians lead by the billionaire and industrial classes. That's why with great technological and economic progress if it doesn't include the poor and working class it's going to have to eventually. The gap can only get so wide.

Without free markets, you wouldn't get all the innovation and industry that created the tech boom and other great economic booms. Bernie is beyond FDR or "Denmark." Did you know in Denmark they still consider themselves a capitalist nation? They also still have private insurance. Bernie wants to take things a step farther and get rid of private HC all together.

[Irish]

And what does he get out of it?

Elected and more houses.

[AProudLefty]

Elected and more houses.

Economy crashes and he gets more houses? How does it work?

[Casual Leftist]

Without free markets, you wouldn't get all the innovation and industry that created the tech boom and other great economic booms.

There would still be markets, with reasonable regulation like we already have. And I wouldn't brag about great economic booms when it comes with economic busts. It's a cycle called boom and bust - and you know who benefits most from that system? The rich who can buy up the broken pieces after a market crash. Also, entrepreneurship isn't the only source of invention and innovation. Universities and government scientists and engineers produce new things as well. Radar and the internet are easy examples.

Bernie is beyond FDR or "Denmark." Did you know in Denmark they still consider themselves a capitalist nation? They also still have private insurance. Bernie wants to take things a step farther and get rid of private HC all together.

They are a capitalist nation with a strong social welfare system. They have regulated markets and high taxes. Bernie doesn't oppose this system. The part about healthcare is true, and there are reasons for that. I think he owns the moniker "socialist" because Americans can't tell the difference anyways, so he turns a dirty word into a badge of honor. But he really is more akin to a New Deal populist than a "workers should own the means of production" type.

[Truth Detector]

Still not answering. Why are you not interested in a discussion?

Why are you still pretending you want to?

[Truth Detector]

Well it's generally true the failings of capitalism help Bernie and the progressive movement.

How has Capitalism failed?

[Truth Detector]

Without free markets, you wouldn't get all the innovation and industry that created the tech boom and other great economic booms. Bernie is beyond FDR or "Denmark." Did you know in Denmark they still consider themselves a capitalist nation? They also still have private insurance. Bernie wants to take things a step farther and get rid of private HC all together.

[LV426]

That's an excellent phrase. Hope you don't mind if I borrow it.

Of course! It is my gift to the people!

[cancel2 2022]

Since the start of the Russia Tax Cut on 1/2/18, the DJIA has grown at its slowest pace since the Great Recession:

DJIA 1/2/18: 24,824
DJIA 2/25/20: 27,132
+2,308
+9% over 25 months.

That is the worst market growth in a decade.

You're such a miserable cunt, just fuck off with your Russia bullshit.

[LV426]

You're such a miserable cunt, just fuck off with your Russia bullshit.

The Russia Tax Cut didn't increase business investment, didn't increase job growth, didn't pay for itself, didn't reduce the deficit, didn't lead to 3% economic growth, didn't raise wages by at least $4,000, didn't increase revenues, and didn't grow the market.

So stop being such a crybaby.

[Truth Detector]

The Russia Tax Cut didn't increase business investment, didn't increase job growth, didn't pay for itself, didn't reduce the deficit, didn't lead to 3% economic growth, didn't raise wages by at least $4,000, didn't increase revenues, and didn't grow the market.

So stop being such a crybaby.

Will you be crying when the market returns to it's record breaking climb?

[cancel2 2022]

The Russia Tax Cut didn't increase business investment, didn't increase job growth, didn't pay for itself, didn't reduce the deficit, didn't lead to 3% economic growth, didn't raise wages by at least $4,000, didn't increase revenues, and didn't grow the market.

So stop being such a crybaby.

Stop being a cunt!

[LV426]

Stop being a cunt!

You get hysterical whenever anyone challenges your shitty beliefs and policies.

You can't handle that criticism. You're too fragile. You take it personally.

You're a crybaby.