2020 Presidential Election thread

posted by gut

For starters, Trump basically conceded today.

Second, Biden has already promised MOAR STIMULUS!!!!  Markets like stimulus.  We'll wait to see what effects tax increases have, but that's at least a year, probably two away.  If at all, because to end the Trump tax cuts prematurely Dems would have to eliminate the filibuster, and there is at least one vote (Manchin) against that.

Stimulus got to be paid back.  Both parties are at fault for the soon to be $30 trillion debt.  

Hell to pay is likely coming while Biden is in office.  My stock market friends and relatives are all starting to mumble about how your current investments, retirement and equity is going to lose about 20% of its value as we start to pay for that.

As for those "shovel ready jobs".......lol, heard that one before

posted by gut

That is at least needed spending.  It needs to be at least partially funded (we can give up on either party fully funding anything, at this point) by taxes...and that should come mostly from gas taxes.  The problem is those gas taxes have never been reserved/earmarked for roads & bridges, and that's a big part of the problem.

But I don't know why we didn't get an infrastructure bill before.  I assume because of divided branches, if not the filibuster.  Can you get 10 Repubs to break a filibuster?  Only if you do it right away while the economy is still struggling. 

If we get back to normal by the end of the year I wouldn't bet on an infrastructure bill.  It's going to be like immigration reform - it doesn't get done because neither party will give the other that victory.

The raising of the gas tax I think is on the table now as it has not been raised since the early 1990s.

The reason for the lack of a bill was Trump's plan made zero sense. He said it was a trillion dollars, but it was really like $250B if that and the rest would come from the private sector in the form of loans and bonds. That made zero sense as the private sector does not have the ability to raise that much capital and risk on large scale infrastructure projects. Only the largest firms would be able to afford that, so it died. 

Immigration reform is a good bet and hopefully we can get some form of common sense pathway to citizenship bill. 

posted by ptown_trojans_1

The raising of the gas tax I think is on the table now as it has not been raised since the early 1990s.

The reason for the lack of a bill was Trump's plan made zero sense. He said it was a trillion dollars, but it was really like $250B if that and the rest would come from the private sector in the form of loans and bonds. That made zero sense as the private sector does not have the ability to raise that much capital and risk on large scale infrastructure projects. Only the largest firms would be able to afford that, so it died. 

Immigration reform is a good bet and hopefully we can get some form of common sense pathway to citizenship bill. 

BS on immigration.  Dems dont want a deal.  Trump handed them amnesty for 11 million and DACA to stay as law.  THey didnt take it.

posted by Dr Winston O'Boogie

No, they did not. Manufacturing and middle class jobs bring outsourced has been going on for decades and everyone has been well aware of it. Trump made a lot of noise about it, but nothing's changed. Larger trade imbalance with China today than we had in 2016. He is not responsible for all that happened there, but his talk to change it was that - all talk. 

Incorrect; we were plus almost 700,000 manufacturing jobs under Trump .........the good jobs obama said were not coming back.

posted by ptown_trojans_1

Immigration reform is a good bet and hopefully we can get some form of common sense pathway to citizenship bill. 

A trip down memory lane:

posted by Spock

Stimulus got to be paid back.  Both parties are at fault for the soon to be $30 trillion debt.  

Hell to pay is likely coming while Biden is in office.  My stock market friends and relatives are all starting to mumble about how your current investments, retirement and equity is going to lose about 20% of its value as we start to pay for that.

As for those "shovel ready jobs".......lol, heard that one before

 the bottom 90 percent of the people who own stocks own probably 7 percent of the stock market.  the top 1 percent own over 50-60 percent of the stock market. ( rough estimate i havent looked at this in years) so lets stop acting like the stock market is the economy.  you arent getting rich or poor off of the stock market as a teacher im sure.  I predict the stock market will be better with more stability at the top. 

posted by geeblock

 the bottom 90 percent of the people who own stocks own probably 7 percent of the stock market.  the top 1 percent own over 50-60 percent of the stock market. ( rough estimate i havent looked at this in years) so lets stop acting like the stock market is the economy.  you arent getting rich or poor off of the stock market as a teacher im sure.  I predict the stock market will be better with more stability at the top. 

You do realize that most people’s retirements are in the stock market right? 

I mean I haven’t touched my 401k in years and 20 years from now it will have a couple million in it and I am not part of the top 10%.

If the market takes a big hit it would be a huge drop in my retirement savings.

I promise you, almost everyone who has their retirement plans in 401ks, IRAs, etc really do care about the stock market and care about it a lot. Some look at it daily, some weekly, and almost everyone I know that has these types of retirement plans talks about the market all the time.

To say it doesn’t matter to the bottom 90% is quite frankly either ignorant (as in uninformed) or asinine.

Do you not know many people at work or friends who are using these retirement methods? Most people I know that do absolutely pay attention and rely on the market.

Only those that are solely relying on social security really do not.

posted by jmog

You do realize that most people’s retirements are in the stock market right? 

I mean I haven’t touched my 401k in years and 20 years from now it will have a couple million in it and I am not part of the top 10%.

If the market takes a big hit it would be a huge drop in my retirement savings.

I promise you, almost everyone who has their retirement plans in 401ks, IRAs, etc really do care about the stock market and care about it a lot. Some look at it daily, some weekly, and almost everyone I know that has these types of retirement plans talks about the market all the time.

To say it doesn’t matter to the bottom 90% is quite frankly either ignorant (as in uninformed) or asinine.

Do you not know many people at work or friends who are using these retirement methods? Most people I know that do absolutely pay attention and rely on the market.

Only those that are solely relying on social security really do not.

Truth right here.  Your retirement, your job (employers got money in there also) are tied to this.  I have made good money in the stock market in the past 4 years under Trump.  I have investments that have doubled in 3 years (arent supposed to double that fast, more like 7 years).  

If things kept going, I could look at early retirement.  Not now

People like Friend will soon start to change their tune when they see DC getting too deep into their pocket books.

posted by jmog

You do realize that most people’s retirements are in the stock market right? 

I mean I haven’t touched my 401k in years and 20 years from now it will have a couple million in it and I am not part of the top 10%.

If the market takes a big hit it would be a huge drop in my retirement savings.

I promise you, almost everyone who has their retirement plans in 401ks, IRAs, etc really do care about the stock market and care about it a lot. Some look at it daily, some weekly, and almost everyone I know that has these types of retirement plans talks about the market all the time.

To say it doesn’t matter to the bottom 90% is quite frankly either ignorant (as in uninformed) or asinine.

Do you not know many people at work or friends who are using these retirement methods? Most people I know that do absolutely pay attention and rely on the market.

Only those that are solely relying on social security really do not.

Retirement plans go up and down over 30-40 years. If you put a ruler over the graph of the market from Obama to trump it was climbing identically before covid. My sense is it will do even better under Biden as he will provide more stability. If I’m wrong chances are we will see the gop win in 24 and it will bounce back in four years. I see no reason to panic. 

Let’s be honest with the way the current state of our politics are, very little legislation actually gets passed. Obama got blocked and outside of the first year I’m not sure trump passed anything the last three that made any difference. I don’t see Biden doing much either 

Dems better come up with a bench if they want to stay in power.  

Two americas lol this is pretty funny 

A man lit up a doobie under the Capitol Dome pic.twitter.com/2WeoYoc6uD

— Richie🎥McG🍿 (@RichieMcGinniss) January 6, 2021

Make it make sense 

You can’t make it up. It’s like they’re entering Disneyland.

The POLICE.

“Follow me, guys. Right this way.” https://t.co/ZYD9q8SKMT

— Rex Chapman🏇🏼 (@RexChapman) January 7, 2021

posted by geeblock

Make it make sense 

You can’t make it up. It’s like they’re entering Disneyland.

The POLICE.

“Follow me, guys. Right this way.” https://t.co/ZYD9q8SKMT

— Rex Chapman🏇🏼 (@RexChapman) January 7, 2021

If you wouldn’t follow dipshits, the cops explained what they were doing. 

Journalist @marcusdipaola, who took the video, says this is false — cops did not open the barrier. Interview in thread: https://t.co/mJUpIsiQhd

— Justin Miller (@justinjm1) January 7, 2021

posted by iclfan2

If you wouldn’t follow dipshits, the cops explained what they were doing. 

Journalist @marcusdipaola, who took the video, says this is false — cops did not open the barrier. Interview in thread: https://t.co/mJUpIsiQhd

— Justin Miller (@justinjm1) January 7, 2021

Also, this shit was planned online for weeks, this was a giant error by police and the mayor. 

Clicked on your link can you point to the explanation. I couldn’t find it. 

posted by iclfan2

Also, this shit was planned online for weeks, this was a giant error by police and the mayor. 

No one thought anything would actually happen, because to-date there had been virtually zero unprovoked violence from right wing demonstrations, at least in the last 30 years or so.  And before the usual suspects chime in, I mean no violence or property damage outside of retaliation against the leftwing counter-agitators.

Over the last four years, left to themselves the right wing dipshits just play dress-up, drink a few beers, and then go home.

posted by geeblock

Clicked on your link can you point to the explanation. I couldn’t find it. 

Nvm I found it and it says exact what my post says and your post says lol they let them through 

posted by geeblock

Nvm I found it and it says exact what my post says and your post says lol they let them through 

No you acted like they were in cahoots, they were fucked and ran up the stairs with the other police.

posted by iclfan2

No you acted like they were in cahoots, they were fucked and ran up the stairs with the other police.

Lol I didn’t say cahoots. It read exactly what it said. They let them thru 

“The cops were very cool.” pic.twitter.com/K0uJLSJAxX

— Rex Chapman🏇🏼 (@RexChapman) January 8, 2021