If you want it and I want it, we get in a bidding war and prices go up. It’s basic economics, something Republicans used to be good at until the MAGA era!
#STOCKSGOUPUNDERDEMS
Stocks do 9 times better when Democrats are in the White House
- Thread starter Chris
- Start date
#STOCKSGOUPUNDERDEMS
Toddsterpatriot
Diamond Member
If you and I bid something up, that's not inflation.
Sounds like you're worse at economics than Republicans.
I've heard this stupid stuff for decades. It's not the WH, but Congress that matters. The stock market thrives after a GOP Congress is elected and falters under Democrats.
Take the Clinton adminstration. Stocks were meh until January, 1995, then began their meteoric rise. Reason: the election of the 104th Congress.
George W. Bush. First six years, the stock market did fantastic. THEN Democrats took Congress and brought us the Great Recession.
Also taken into account is Democrats trash the economy, blame the Republicans, then the new Democrat president takes credit for the inevitable rebound. This happened with 0bama in his first term and Biden now.
We KNOW what works: tax cuts and removal of regulation, and free market solutions. But Democrats always do the opposite of what works, tax hikes, government regulation, massive government spending, and erosion of the free markets. Lesson: We should ALWAYS vote conservative. ALWAYS.
When prices for a product go up without a difference in its makeup, that’s inflation, regardless of the cause. Check with a RINO before you end up looking foolish again!
#ECONOMICS101
Toddsterpatriot
Diamond Member
You should post the definition of inflation that supports your claim.
Toddsterpatriot
Diamond Member
a general increase in prices and fall in the purchasing value of money.
How is this caused by us getting in a bidding war?
Toddsterpatriot
Diamond Member
Who said anything about one price? That’s you moving the goalposts.
#MAGATRICKS
Toddsterpatriot
Diamond Member
Some idiot.
If you want it and I want it, we get in a bidding war and prices go up. It’s basic economics, something Republicans used to be good at until the MAGA era!
Toddsterpatriot
Diamond Member
Rambunctious
Diamond Member
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They always bring this out at this time before an election... and its just not true... the stock market was roaring under Trump's policies up till covid...
SavannahMann
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- Nov 16, 2016
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You know what is really funny? All the recessions and such were due to lack of regulations.
Let’s take Bush and the Housing Bubble. I give Bush credit because his economists saw the danger and tried to reduce the reach of Fannie Mae and Freddie Mack. Everyone said that was stupid, people pay mortgages. Well when it crashed shortly after that effort, everyone howled demanding to know who was to blame. The no regulations folks were to blame.
Ok. So we learn and close the barn door. The economy recovers under Obama. Regulations are passed and put into place. Trump comes and gets rid of them on medium sized banks. They need more freedom to make money. Sure enough, the banks go under.
Blame Biden. He was President when it happened. But the regulations that would have prevented the moves the banks were making were abolished.
Go back one to the Savings and Loan crash. Regulations cut by Reagan to get rid of the red tape holding back American Exceptionalism. The end result, the entire industry was taking risks and committing essentially fraud. They got bailed out.
That’s the thing about Free Market no regulations people. They want the freedom to cheat all the money they can get. Then when it comes crashing down they want the public to bail them out. They arrange it so if you don’t bail them out it will result in even worse damage to the economy.
Back to the housing bubble. Every Wall Street firm held stock in all the others. So if one went down, the collapsing stock value drove the value of the others into the red, so they were now in trouble. A domino effect begins and the end is catastrophic for the economy. Along comes Uncle Sam to bail everyone out. To make sure we don’t have to do that again we put regulations in place to keep it from happening again. Within a couple years the same people who screamed for a bailout are howling that regulations are strangling the industry.
When the inevitable result from no regulations come about we are told we have to do this to save the economy.
I bet those same companies would be unwilling to take risks if the entire management team was told they went to prison for twenty years if they took a bailout.
Toddsterpatriot
Diamond Member
Let’s take Bush and the Housing Bubble. I give Bush credit because his economists saw the danger and tried to reduce the reach of Fannie Mae and Freddie Mack. Everyone said that was stupid, people pay mortgages. Well when it crashed shortly after that effort, everyone howled demanding to know who was to blame. The no regulations folks were to blame.
Which regulations were removed to cause the real estate bubble? Link?
Every Wall Street firm held stock in all the others.
Link?
Along comes Uncle Sam to bail everyone out.
Short term loans. Very profitable for the US Treasury.
SavannahMann
Platinum Member
- Nov 16, 2016
- 14,540
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- 365
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...
georgewbush-whitehouse.archives.gov
This is why it is so hard to discuss issues with someone who deals only in propaganda. They don’t know the reality, the facts. They don’t know and refuse to learn the truth.
FRONTLINE | Inside the Meltdown | Season 2009 | Episode 4
Examining what Paulson and Bernanke didn't see, couldn't stop and weren't able to fix.
As an example. When Lehman Brothers went down, and was allowed to fail, AIG notified the Treasury they would be filing bankruptcy because they had to pay off billions to cover the losses of Lehman. Paulson realized that Wall Street was interconnected in a way no one had really understood or imagined.
It was then that Paulson went to Congress and told them he needed a ton of money or the economy would crash in 48 hours. He also needed to be able to bail out Wall Street at his own discretion.
The money which came later was given to the bank to get controlling interest. The government had nationalized the banks. When Merril Lynch was going under, Bank of America looked at the books and said they could not assume the risk of that much Toxic Debt. Paulson said we own you. Shut up. Do it.
FRONTLINE | Breaking the Bank | Season 2009 | Episode 12
FRONTLINE untangles the complicated financial, political web threatening Bank of America
The houses knew the mortgage bonds were garbage. See the big short for that story.
Profitable? Do you know why the money was paid back quickly? After B of A was told to buy Merril Lynch they and the other banks drove the money back to the treasury to regain control of their own institutions again.
It was a shit show.
Toddsterpatriot
Diamond Member
Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform
Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...georgewbush-whitehouse.archives.gov
This is why it is so hard to discuss issues with someone who deals only in propaganda. They don’t know the reality, the facts. They don’t know and refuse to learn the truth.
FRONTLINE | Inside the Meltdown | Season 2009 | Episode 4
Examining what Paulson and Bernanke didn't see, couldn't stop and weren't able to fix.www.pbs.org
As an example. When Lehman Brothers went down, and was allowed to fail, AIG notified the Treasury they would be filing bankruptcy because they had to pay off billions to cover the losses of Lehman. Paulson realized that Wall Street was interconnected in a way no one had really understood or imagined.
It was then that Paulson went to Congress and told them he needed a ton of money or the economy would crash in 48 hours. He also needed to be able to bail out Wall Street at his own discretion.
The money which came later was given to the bank to get controlling interest. The government had nationalized the banks. When Merril Lynch was going under, Bank of America looked at the books and said they could not assume the risk of that much Toxic Debt. Paulson said we own you. Shut up. Do it.
FRONTLINE | Breaking the Bank | Season 2009 | Episode 12
FRONTLINE untangles the complicated financial, political web threatening Bank of America
The houses knew the mortgage bonds were garbage. See the big short for that story.
Profitable? Do you know why the money was paid back quickly? After B of A was told to buy Merril Lynch they and the other banks drove the money back to the treasury to regain control of their own institutions again.
It was a shit show.
As an example. When Lehman Brothers went down, and was allowed to fail, AIG notified the Treasury they would be filing bankruptcy because they had to pay off billions to cover the losses of Lehman.
AIG had no obligation to pay off any Lehman losses.
The houses knew the mortgage bonds were garbage. See the big short for that story.
They held an awful lot of crappy mortgages for people who knew they were garbage.
Profitable? Do you know why the money was paid back quickly?
Yes, profitable. They paid it back because once the panic ended, they could.
After B of A was told to buy Merril Lynch they and the other banks drove the money back to the treasury to regain control of their own institutions again.
Absolutely.
SavannahMann
Platinum Member
- Nov 16, 2016
- 14,540
- 6,819
- 365
AIG had written what were in essence insurance policies on stock holdings for people who owned Lehman.
It was called a Credit Default Swap. See the movie The Big Short. People would pay a few cents on the dollar to insure their stock or bond holdings. If the issue dropped in value, the person holding the stock got a big payday.
AIG like the income from the CDS’s but never expected to pay out. When Lehman went down AIG was on the hook for more than $100 billion. Between the CDS on the bad housing CDO’s and the Lehman collapse.
Regulations were put in place to keep that sort of thing from happening again. Regulations that Trump withdrew in mid sized banks. Those mid sized banks predictably failed.
That is the truth about lack of Regulation. Whenever we get rid of them, that segment we have just deregulated almost invariably fails.
Toddsterpatriot
Diamond Member
AIG had written what were in essence insurance policies on stock holdings for people who owned Lehman.
It was called a Credit Default Swap.
CDS had to do with debt (credit) not stock (equity).
When Lehman went down AIG was on the hook for more than $100 billion.
I believe you're confused. Do you have any backup?
Regulations were put in place to keep that sort of thing from happening again.
What sort of thing, Credit Default Swaps?
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