Trump Imitates Chinese Communist Party

[dblack]

I also left out, subsidies to support organizations that serve the public good are welcomed (or should be) by all thinking Americans.

No. Because "public good" is entirely subjective, and not something government should dictate, or "subsidize".

 

[candycorn]

No. Because "public good" is entirely subjective, and not something government should dictate, or "subsidize".

Few thinking persons would argue that a local newspaper is not part of the "public good" and should be subsidized. I'm sure you'll take the other side of that argument.

 

[dblack]

Few thinking persons would argue that a local newspaper is not part of the "public good" and should be subsidized. I'm sure you'll take the other side of that argument.

First I have to parse what you're saying. Are you saying government should subsidize newspapers?

 

[candycorn]

First I have to parse what you're saying. Are you saying government should subsidize the press?

Glad you asked. The short answer is yes.

The more involved answer (what you'll ignore) is more nuanced.

What I would envision--off the top of my head-- is essentially an Service level entity--think the National Park Service. Not sure if you know this or not but most often the national parks and monuments were not just ordained out of thin air. Citizens and groups recommended their commission and they would be enshrined by Presidents and the NPS itself--or in some cases decommissioned by such citizens or groups.

You do the same with local newspapers in areas that don't have a private entity furnishing one already. They get a subsidy for local reporting. In areas that have no newspaper you go through the sponsorship model and put together a coalition to furnish news to the masses. This means an individual or group wants to start a newspaper and is given a subsidy to have a reporter or some reporters to cover local news stories. Essentially M-F 8-5pm meetings. Maybe do some interviews. Whatever the benefactor is willing to pay for large out of her or his pocket. They can sell advertising the old fashioned way. In some areas, it will be an office in Washington that does little more than compile news releases from the cities and counties in the area. Meaning that you log on to a site--call it Press.gov--and type in your ZIP code. And those news reports come up. One big thing that I think I'd like to see as a standard is advice for upcoming events. Everything from the local HS volleyball/football games to commissioners court meetings to the LEPC meetings, etc...

Something small scale that will provide nuts and bolts information. It can be strictly on-line or have a print component.

 

[martybegan]

Whether you remember listening to them or not, that was the bandwagon they rode and the one you're on.

The "ECONOMIC COLLAPSE!" narrative was meant to get the hoi polloy to nod and go along with bailing out bad actors on Wall Street....And apparently you took the bait.

So there would have been no economic collapse from the sudden loss of a few trillion dollars of equity and the corresponding impacts on the credit market?

 

[TimFitz]

Trump can't even get rid of people within his own executive Branch, like the Deparment of Education.

You expect us to believe he can make this CEO resign?

Trump has the right to voice his opinion on a clearly inept CEO.

Yes, Trump has the right to run his mouth.

And he does it constantly for the delight and entertainment of his cultists.

He can’t order anyone outside his regime to resign.

But he can bully and threaten.

And, as the OP makes clear, there is no limit to his authoritarian fantasies.

 

[TimFitz]

Until recently, the idea of the US nationalizing any business was a non starter. Nationalizing industry has always been looked on with disdain, and only the most wild eyed extreme fringe socialists would even consider something so foreign to our tried and true free market system. All that was true until Trump’s meeting with Intel CEO Lip-Bu Tan at the White House earlier this week where they discussed the real possibility of the US buying a stake in Intel. Not a grant or a temporary loan, or a bailout as we have done in the past, but an actual ongoing ownership position where the US would have control of the company’s day to day operations, personnel, and every other aspect that ownership allows. I’m curious to see if today’s maga jumps on board and supports trump’s efforts, or if they will maintain their long term stance in support of the free market. This doesn’t seem to be just a throw away discussion. Trump said it was a good meeting, and they would have further talks on the subject.

Trump admin weighs taking stake in Intel, US report says

The plan stems from a meeting between CEO Lip-Bu Tan and Trump, who had demanded he resign over his Chinese investments.

www.scmp.com

Don’t get your hopes up.

Even now, the cultists are dreaming up (or waiting to be fed) rationalizations for their abandon,ent of this piece of conservative doctrine.

 

[LeftofLeft]

A generation ago conventional wisdom held that as China liberalized, its economy would come to resemble America’s. Instead, capitalism in America is starting to look like China.

Recent examples include President Trump’s demand that Intel’s chief executive resign; the 15% of certain chip sales to China that Nvidia and Advanced Micro Devices will share with Washington; the “golden share” Washington will get in U.S. Steel as a condition of Nippon Steel’s takeover; and the $1.5 trillion of promised investment from trading partners Trump plans to personally direct.

https://www.wsj.com/economy/the-u-s-marches-toward-state-capitalism-with-american-characteristics-f75cafa8?mod=mhp

There is a reason I call MAGA, Red MAGA. Trump is emulating China and their state capitalism. This a wake up call where trump is taking us.

Didn’t hear any bitching when the US Government put money into General Motors. NVIDIA and AMD are successful companies.

Are you still going to be complaining when a Democrat takes the White House and insist they have the US divest its stake in Intel chips or is this just another getTrump?

 

[Oddball]

So there would have been no economic collapse from the sudden loss of a few trillion dollars of equity and the corresponding impacts on the credit market?

Didn't say NO impact...However, judging by how the bailouts were only DEPOSITED and were quickly repaid, the impact would have been short lived and negligible in the overall scheme of things.

The whole thing was a scam meant to shift the burden onto the Fed and their currency counterfeiting grift.

 

[martybegan]

Didn't say NO impact...However, judging by how the bailouts were only DEPOSITED and were quickly repaid, the impact would have been short lived and negligible in the overall scheme of things.

The whole thing was a scam meant to shift the burden onto the Fed and their currency counterfeiting grift.

Credit markets work like other markets, on perception. There was a credit crunch, but it would have been much worse without the government doing something to try to fix it.

Now when they kept the currency spigots open for years after, you have a point about that being a problem.

Much like when they kept the hard COVID restrictions even after they found out the mortality rate was far lower than they feared, and mostly a problem for the very old or those with multiple co-morbidities.

 

[Oddball]

Credit markets work like other markets, on perception. There was a credit crunch, but it would have been much worse without the government doing something to try to fix it.

Post-hoc fallacy...You don't prove positive results with negative evidence, dude.

Now when they kept the currency spigots open for years after, you have a point about that being a problem.

Much like when they kept the hard COVID restrictions even after they found out the mortality rate was far lower than they feared, and mostly a problem for the very old or those with multiple co-morbidities.

You ******* kidding? ...The Fed bought up TRILLIONS of worthless MBSs, in the ensuing years under Bathhouse Barry...That crap is still on their balance sheet.

 

[martybegan]

Post-hoc fallacy...You don't prove positive results with negative evidence, dude.

You ******* kidding? ...The Fed bought up TRILLIONS of worthless MBSs, in the ensuing years under Bathhouse Barry...That crap is still on their balance sheet.

They weren't worthless, they were just worth far less than the market prices they were traded at. Most still had mortgages backing them up, just not enough to justify their selling prices.

 

[Oddball]

They weren't worthless, they were just worth far less than the market prices they were traded at. Most still had mortgages backing them up, just not enough to justify their selling prices.

So buy them up, then inflate the shit out of the currency to give them value again....Never mind that you end up pricing people out of the market, you hold a fuckton of real estate and can rent it to them!

Just shoot me now.

 

[martybegan]

So buy them up, then inflate the shit out of the currency to give them value again....Never mind that you end up pricing people out of the market, you hold a fuckton of real estate and can rent it to them!

Just shoot me now.

I am dealing with high housing costs and interest rates as I am in the process of buying into a co-op.

 

[Oddball]

I am dealing with high housing costs and interest rates as I am in the process of buying into a co-op.

Let us know when you hold enough to rival the Fed.

 

[martybegan]

Let us know when you hold enough to rival the Fed.

What's the replacement in your mind for the fed?

Just saying "get rid of it" without a viable alternative isn't doing much.

 

[dblack]

What I would envision--off the top of my head-- is essentially an Service level entity--think the National Park Service. Not sure if you know this or not but most often the national parks and monuments were not just ordained out of thin air. Citizens and groups recommended their commission and they would be enshrined by Presidents and the NPS itself--or in some cases decommissioned by such citizens or groups.

You do the same with local newspapers in areas that don't have a private entity furnishing one already. They get a subsidy for local reporting. In areas that have no newspaper you go through the sponsorship model and put together a coalition to furnish news to the masses. This means an individual or group wants to start a newspaper and is given a subsidy to have a reporter or some reporters to cover local news stories. Essentially M-F 8-5pm meetings. Maybe do some interviews. Whatever the benefactor is willing to pay for large out of her or his pocket. They can sell advertising the old fashioned way. In some areas, it will be an office in Washington that does little more than compile news releases from the cities and counties in the area. Meaning that you log on to a site--call it Press.gov--and type in your ZIP code. And those news reports come up. One big thing that I think I'd like to see as a standard is advice for upcoming events. Everything from the local HS volleyball/football games to commissioners court meetings to the LEPC meetings, etc...

Something small scale that will provide nuts and bolts information. It can be strictly on-line or have a print component.

You're describing NPR/PBS, in newspaper form. And then every time a reporter says something the current administration doesn't want to hear, or won't say something the current administration demands that they say, they're subject to being fired, de-funded or worse. You know, like we're seeing now.

No thanks. Socialism isn't compatible with free society.

 

[dblack]

What's the replacement in your mind for the fed?

Just saying "get rid of it" without a viable alternative isn't doing much.

No alternative is required. We don't need centralized state control of the economy.

 

[martybegan]

No alternative is required. We don't need centralized state control of the economy.

Yes, because 100 different currencies issued by 100 different banks all of varying value would make our economy work perfectly.......

 

[dblack]

Yes, because 100 different currencies issued by 100 different banks all of varying value would make our economy work perfectly.......

The purpose of the government isn't to make the economy work perfectly. You're thinking of marxism. In a free society, how well the economy works is up to "we the people", not the government.