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molson 02-05-2018 09:30 AM

Quote:

Originally Posted by JPhillips (Post 3194130)
It's always been hard to get the young and minorities out to vote, but turnout is up for both in the post-2000 presidential elections compared to the 1980-1996 timeframe.


I don't know if there's a way to quantify it, but with all of the available outlets, it seems as though young people are very interested in politics and social activism relative to the 80s and 90s. Or at least, their voice is louder. Voting just isn't a major part of that.

nol 02-05-2018 09:45 AM

Quote:

Originally Posted by molson (Post 3194104)
Voting isn't cool anymore, remember liberal icon Colin Kaepernick telling everyone it was a waste of time and didn't make a difference? Social media memes and protests are the way now.


Yeah not like the Voting Rights Act was gutted in 2013 or anything. Not like a bunch of black people just got out to vote in Alabama when the candidates were a Democrat who still votes with Trump 80% of the time and a lunatic child molestor. The smarmy guy who lives in Idaho definitely has his finger on the pulse of this issue.

ISiddiqui 02-05-2018 09:48 AM

Quote:

Originally Posted by Warhammer (Post 3194131)
Look at the vote, did anyone from the right vote for the bill? No, it was rammed through largely on party lines.


Wait, what? So anyone on party lines is now 'rammed' through? That's ridiculous. That's not what that means.

panerd 02-05-2018 09:57 AM

Quote:

Originally Posted by nol (Post 3194138)
Yeah not like the Voting Rights Act was gutted in 2013 or anything. Not like a bunch of black people just got out to vote in Alabama when the candidates were a Democrat who still votes with Trump 80% of the time and a lunatic child molestor. The smarmy guy who lives in Idaho definitely has his finger on the pulse of this issue.


Sigh, everything is always about race even when it's not. From my experience here Molson is one of the most level headed non-race baiting guys. You on the other hand...

molson 02-05-2018 10:10 AM

Quote:

Originally Posted by nol (Post 3194138)
Yeah not like the Voting Rights Act was gutted in 2013 or anything. Not like a bunch of black people just got out to vote in Alabama when the candidates were a Democrat who still votes with Trump 80% of the time and a lunatic child molestor. The smarmy guy who lives in Idaho definitely has his finger on the pulse of this issue.


Conservatives want fewer young people and conservatives to vote. And in some places, there's particularly aggressive and concerted efforts to discourage that voting or make it more difficult. That should tell you exactly why it's so important for young people and minorities to vote. So I'm not even sure what your point is. That they should just give up because it's too hard? That I'm wrong for wanting them to vote more?

I don't think I have the "pulse" of everything - all we can do in a discussion is bring our own viewpoints. I can come from a different perspective from you and still have a valid opinion. And you don't know my background or where my perspective really comes from - though I feel like you've made up a narrative in your head over the years that was rooted in some shit I don't even remember.

ISiddiqui 02-05-2018 10:41 AM

Quote:

Originally Posted by panerd (Post 3194140)
Sigh, everything is always about race even when it's not. From my experience here Molson is one of the most level headed non-race baiting guys. You on the other hand...


Wait... did you just say a comment regarding Kaepernick not voting doesn't have to do with race? nol is right, a lot of young black folk feel disillusioned due to voter suppression. To ignore that is foolish. You may not agree with his last sentence, but the first two are right on.

stevew 02-05-2018 10:45 AM

A Colts LB being killed by an drunk Guatemalan national who was twice deported should give Trump meat to throw at his dogs.

miami_fan 02-05-2018 10:48 AM

Quote:

Originally Posted by panerd (Post 3194140)
Sigh, everything is always about race even when it's not. From my experience here Molson is one of the most level headed non-race baiting guys. You on the other hand...


As opposed to nothing ever being about race?

Not meant a shot at you, it still amazes me that race is still an all or nothing conversation in our country outside of racism as a theory.

molson 02-05-2018 11:28 AM

Quote:

Originally Posted by ISiddiqui (Post 3194146)
Wait... did you just say a comment regarding Kaepernick not voting doesn't have to do with race? nol is right, a lot of young black folk feel disillusioned due to voter suppression. To ignore that is foolish. You may not agree with his last sentence, but the first two are right on.


My post was about voter apathy and Kaepernick's statements about voting not mattering. Obviously race has to do with voting on many other levels and I didn't deny or ignore any of that. So while the statements were correct, they weren't responsive to anything I posted and I'm still not sure what the point is. Because race-based voter suppression exists, we're not allowed to criticize young people who don't bother to vote? I think that's maybe what panerd was getting at.

Edit: If it helps, I'll limit my criticism to young white apathetic voters who aren't aggressively suppressed but who still don't bother to vote. And I'll include my girlfriend in that. I have to drag her every time and it really annoys me. She's in the "it doesn't make any difference in Idaho" camp - and even if that's literally true in terms of the presidential election, it's also literally true in every state because 1 vote isn't going to change a presidential election even in a swing state. But there's a lot of things on a ballot, a lot of contested local and state races, liberal and moderate candidates who do win even in red states when young people show up, and in my state at least, big differences between the Republicans on the primary ballots. And more than all that, it's a rare opportunity for actual participation in the process.

AENeuman 02-05-2018 11:40 AM

Quote:

Originally Posted by nol (Post 3194138)
Yeah not like the Voting Rights Act was gutted in 2013 or anything. Not like a bunch of black people just got out to vote in Alabama when the candidates were a Democrat who still votes with Trump 80% of the time and a lunatic child molester. The smarmy guy who lives in Idaho definitely has his finger on the pulse of this issue.


Not sure you understand the Voting Rights Act. What you are referring to only applies to, mostly, southern states. None of which were part of this current discussion on turn out in "Blue Wall" states.

nol 02-05-2018 12:51 PM

Quote:

Originally Posted by molson (Post 3194154)
Edit: If it helps, I'll limit my criticism to young white apathetic voters who aren't aggressively suppressed but who still don't bother to vote. And I'll include my girlfriend in that.


Cool, in which case your criticism is limited to a pool of voters dwarfed by those who vote Trump because they believe Obama wasn’t born in America or is some shape-shifting reptile creature.

The main takeaway here is that when thinking about the average person in like Wisconsin who voted Obama in ‘12 and did not vote in ‘16, it is not someone like your girlfriend or some random college student quoted in a New York Times article you disagreed with, but someone whose vote was actually suppressed.

Ben E Lou 02-05-2018 01:06 PM

Quote:

Originally Posted by nol (Post 3194138)
Yeah not like the Voting Rights Act was gutted in 2013 or anything. Not like a bunch of black people just got out to vote in Alabama when the candidates were a Democrat who still votes with Trump 80% of the time and a lunatic child molestor. The smarmy guy who lives in Idaho definitely has his finger on the pulse of this issue.

Nol, you're done. You seem to be incapable of participating in these discussions without name calling.

larrymcg421 02-05-2018 01:08 PM

Blame for Trump...

Trump
People who helped Trump get elected
People who voted for Trump



People who didn't vote/voted third party










People who fully opposed Trump from beginning to end

larrymcg421 02-05-2018 01:12 PM

Quote:

Originally Posted by ISiddiqui (Post 3194146)
Wait... did you just say a comment regarding Kaepernick not voting doesn't have to do with race? nol is right, a lot of young black folk feel disillusioned due to voter suppression. To ignore that is foolish. You may not agree with his last sentence, but the first two are right on.


Wait, I thought you were in favor of the VRA being gutted? I remember debating that with you after the SCOTUS ruling was handed down.

Ben E Lou 02-05-2018 01:13 PM

To be clear, I 100% realize that appears to be an extremely short leash, but a short leash is what he earned. He has had multiple suspensions for name-calling and the last time I specifically put in the suspension note that any more name-calling, and he's done for good. My take is that he's simply incapable of participating in contentious discussions without publicly putting down the person with whom he disagrees.

molson 02-05-2018 01:16 PM

Quote:

Originally Posted by molson (Post 3194136)
I don't know if there's a way to quantify it, but with all of the available outlets, it seems as though young people are very interested in politics and social activism relative to the 80s and 90s. Or at least, their voice is louder. Voting just isn't a major part of that.


I found something that tried to quantify it.

Why don’t millennials vote? - The Washington Post

Millennials, in 2016, were less likely to vote or to encourage others to vote than young people in the 80s, but they had the same level of political interest (and one college survey found that their college freshman in 2016 were much more interested in politics than previous generations). And, today's youth are generally more likely to get involved in protests or other political confrontations than youth of previous generations.

So in other words, younger people are less interested in voting not because they don't care, voting just isn't as big a part of the political expression and participation. The numbers aren't as dramatic as I expected, but I still think there's a growing cultural idea that voting is pointless.

larrymcg421 02-05-2018 01:20 PM

It's worth pointing out that, while local elections and clearly important and more people should pay attention to them, the people (like Kaepernick) who didn't vote in states that Clinton won would've had zero effect on the Presidential election.

Ben E Lou 02-05-2018 01:28 PM

Quote:

Originally Posted by ISiddiqui (Post 3194146)
a lot of young black folk feel disillusioned due to voter suppression

I want to highlight this one, because while it's something I agree with on the surface (that they feel disillusioned,) I cannot *fathom* the response to "I think there is voter suppression of people like me" being..."therefore I will not vote."

What. On. Earth.

The only reaction I can ever imagine to something like that (and I moved to a state where voter suppression of black folks IS a thing that they got nailed for,) is...to, you know, VOTE. "Eff you, here I am, and although I've voted R more often than D in my lifetime, I'm showing up to vote against YOU for participating in this crap."

digamma 02-05-2018 01:29 PM

We'll also see what happens in 2018 and 2020. Virginia 18-29 turnout almost doubled in 2017 vs. 2009. There's a theory 2016 could have been a wake up call.

molson 02-05-2018 01:29 PM

Quote:

Originally Posted by larrymcg421 (Post 3194168)
It's worth pointing out that, while local elections and clearly important and more people should pay attention to them, the people (like Kaepernick) who didn't vote in states that Clinton won would've had zero effect on the Presidential election.


Kaepernick's California ballot included initiates related to criminal justice reform, including sentencing alternatives non-violent offenders, the death penalty, and the status of marijuana. And there was also the local candidate races you mentioned.

But I think it goes way beyond the literal things you can vote for. Even if you're in a swing state, your single vote doesn't make a difference in the presidential election. So why bother? I think it's important to be a part of the process. Especially considering voter suppression, and all of the battles that have been fought over decades about mere access to the voting boots. I think it was incredibly irresponsible for a hugely influential and relevant person, in this climate, to announce that voting doesn't matter. And many people way, way more liberal than me have criticized him for this.

larrymcg421 02-05-2018 01:38 PM

Quote:

Originally Posted by molson (Post 3194171)
Kaepernick's California ballot included initiates related to criminal justice reform, including sentencing alternatives non-violent offenders, the death penalty, and the status of marijuana. And there was also the local candidate races you mentioned.

But I think it goes way beyond the literal things you can vote for. Even if you're in a swing state, your single vote doesn't make a difference in the presidential election. So why bother? I think it's important to be a part of the process. Especially in light of voter suppression. I think it was incredibly irresponsible for a hugely influential and relevant person to announce that voting doesn't matter. And many people way, way more liberal than me have criticized him for this.


And I would be one of those liberal people. This was my post back when it was first reported he didn't vote...

Quote:

Originally Posted by larrymcg421 (Post 3128802)
There were also criminal justice items on the ballot. I defended Kaepernick before, but fuck him.


I'm simply pointing out, for the context of this discussion about responsibility for Trump, that people like Kaepernick who didn't vote in states that Hillary carried had zero effect on the outcome of this Presidential election. And that's because of our stupid winner take all system.

kingfc22 02-05-2018 01:43 PM

If, and it's still a very big if at the moment, the market continues to correct and has an extended bear run; is there a point the Republicans in Congress start to unhitch their Trump wagons? Or do they?

This is clearly one of his big talking points when it comes to "his accomplishments" along with tax cuts and jobs which can all be bundled together under the economy.

Just curious to hear thoughts on how that could possibly play out should it go south.

RainMaker 02-05-2018 02:36 PM

Quote:

Originally Posted by kingfc22 (Post 3194173)
If, and it's still a very big if at the moment, the market continues to correct and has an extended bear run; is there a point the Republicans in Congress start to unhitch their Trump wagons? Or do they?


I doubt it. They've hung with him on everything. They switched their stance on law enforcement, Russia, trade, and much more. Not sure why they'd stop now since he is still popular among Republicans.

RainMaker 02-05-2018 02:37 PM

I was told this tax cut was going to be great for business.

Edward64 02-05-2018 02:53 PM

Hurts to see my 401K take a hit after a year of great increases but let's get to that 10% correction (and no more!) and get it over with.

ISiddiqui 02-05-2018 02:57 PM

I think it's going to go down even more... rates are likely going to go up with the Fed Chair and the immense borrowing they are going to have to do with the tax cut.

Jas_lov 02-05-2018 03:05 PM

Trump will just blame Yellen tomorrow and say he was right all along about firing her.

Galaril 02-05-2018 03:15 PM

Quote:

Originally Posted by Edward64 (Post 3194179)
Hurts to see my 401K take a hit after a year of great increases but let's get to that 10% correction (and no more!) and get it over with.


Quote:

Originally Posted by ISiddiqui (Post 3194180)
I think it's going to go down even more... rates are likely going to go up with the Fed Chair and the immense borrowing they are going to have to do with the tax cut.


Yup booming economy.:lol:

Thomkal 02-05-2018 03:50 PM

Dow falls over 1,000 points - Feb. 5, 2018

tarcone 02-05-2018 04:14 PM

Nol, Im curious how your vote was suppressed? Could you explain.

lungs 02-05-2018 04:40 PM

Quote:

Originally Posted by tarcone (Post 3194189)
Nol, Im curious how your vote was suppressed? Could you explain.


I'm not Nol but some of the things I see beyond voter ID include making it harder to register, limit early voting, cut staff in higher population centers leading to longer lines.

In my little corner of bum fuck Wisconsin, I can walk in and walk out of my precinct in about five minutes. Voting is not a hassle at all. Why do we try to make it more of a hassle for my fellow citizens in areas with higher population?

Now I know some people like JIMGA want to limit voting as much as possible (at least he's open about his intentions), but let's not use budgets and money as excuses to make voting harder. Let's try and make voting less time consuming. Nobody should have to decide whether voting is worth losing out on a day's income when I can spend five minutes on my lunch break exercising the same right.

larrymcg421 02-05-2018 04:51 PM

Also, restrictive registration deadlines are silly. Same day registration should be available everywhere.

Warhammer 02-05-2018 05:07 PM

Quote:

Originally Posted by ISiddiqui (Post 3194139)
Wait, what? So anyone on party lines is now 'rammed' through? That's ridiculous. That's not what that means.


That is how most people I know take it. And yes, doing it without a lot of discussion can fall into this as well.

Let me put it this way, when was the last time you heard something was rammed through with broad support?

Yes, the tax cuts were rammed through as well. While I agree with them, the way they were passed are indicative of the times we are in.

Warhammer 02-05-2018 05:12 PM

Quote:

Originally Posted by kingfc22 (Post 3194173)
If, and it's still a very big if at the moment, the market continues to correct and has an extended bear run; is there a point the Republicans in Congress start to unhitch their Trump wagons? Or do they?

This is clearly one of his big talking points when it comes to "his accomplishments" along with tax cuts and jobs which can all be bundled together under the economy.

Just curious to hear thoughts on how that could possibly play out should it go south.


The hard core guys, they will stick with him. Others that realize he did not cause it (or cause the run up to this point), will stick with him. Most moderates will probably dump him if they have not already.

I am surprised by it, I thought this was over due at least a year ago. Business activity in my sector has been booming. My old sales territory, sales grew by 150% in an established industry.

EDIT: Plus, demand has up in most territories across the country.

larrymcg421 02-05-2018 05:16 PM

Quote:

Originally Posted by Warhammer (Post 3194196)
That is how most people I know take it. And yes, doing it without a lot of discussion can fall into this as well.

Let me put it this way, when was the last time you heard something was rammed through with broad support?

Yes, the tax cuts were rammed through as well. While I agree with them, the way they were passed are indicative of the times we are in.



I would say the Patriot Act was definitely "rammed through" and it had broad support (vote of 357-66 in the House and 98-1 in the Senate).

cartman 02-05-2018 05:21 PM

"Rammed through" refers to the time from the introduction of a bill to when it is signed into law, not the level of bipartisanship. Six months is a pretty long time to be considered "rammed through".

JPhillips 02-05-2018 05:43 PM

Quote:

Originally Posted by Warhammer (Post 3194196)
That is how most people I know take it. And yes, doing it without a lot of discussion can fall into this as well.

Let me put it this way, when was the last time you heard something was rammed through with broad support?

Yes, the tax cuts were rammed through as well. While I agree with them, the way they were passed are indicative of the times we are in.


If that's how you define it, doesn't that give incredible power to the minority? What if they all decide to vote against everything no matter what?

And again, does the tax cut bill count since no Dems voted for it?

JPhillips 02-05-2018 05:45 PM

Quote:

Originally Posted by tarcone (Post 3194189)
Nol, Im curious how your vote was suppressed? Could you explain.


You'll be waiting a long time for an answer.

Check the word under the user name.

Warhammer 02-05-2018 06:07 PM

Quote:

Originally Posted by JPhillips (Post 3194203)
If that's how you define it, doesn't that give incredible power to the minority? What if they all decide to vote against everything no matter what?

And again, does the tax cut bill count since no Dems voted for it?


And that is where we have gone off the rails in my opinion.

Yes, it gives power to the minority. However, there is a large difference between a minority of 25% and one of 45%. If something goes through that the 45% feel strongly about, don't be surprised when they get riled up. When that minority is 25%, they may get riled up, but they will not have as much power.

That said, I come from the mindset that just because you have the power or capability to do something, it does not mean that you should do it. Likewise, just because you might not have the ability to do something, does not mean you should not attempt to do it (you may learn something valuable along the way). Just because something is lawful does not mean it is ethical, and because something is ethical, does not mean it is lawful.

Apparently I am in the minority in looking at getting something rammed through is akin to getting rammed up the ass or shoving/ramming something down your throat. Its not necessarily a fast process, but it is one with significant resistance. As opposed to something that glided or flew through. Which was passed quickly with little opposition, such as the Patriot Act.

JPhillips 02-05-2018 06:44 PM

So then why doesn't this apply to the tax cuts that didn't even get 60 votes?

JPhillips 02-05-2018 06:45 PM

Oh my this is a bad idea:

Quote:

Rubio has barely started crafting a paid leave bill, much less a broader legislative strategy. But he envisions an idea that has recently gained traction in conservative circles: allowing people to draw Social Security benefits when they want to take time off for a new baby or other family-related matters, and then delay their checks when they hit retirement age. […}

Thomkal 02-05-2018 07:09 PM

Well I'm sure Trump will now be tweeting about his latest "win" right? He now owns the biggest drop in the Dow in its history. Yay Trump?

PilotMan 02-05-2018 07:26 PM

Quote:

Originally Posted by Thomkal (Post 3194216)
Well I'm sure Trump will now be tweeting about his latest "win" right? He now owns the biggest drop in the Dow in its history. Yay Trump?


WH already came out with an answer today saying trump was only interested in long term financials which are are amazeballz.

molson 02-05-2018 07:28 PM

Quote:

Originally Posted by Thomkal (Post 3194216)
Well I'm sure Trump will now be tweeting about his latest "win" right? He now owns the biggest drop in the Dow in its history. Yay Trump?


He's finally draining the swamp

JPhillips 02-05-2018 09:34 PM

Put on your seatbelts.

Quote:

BREAKING: Dow futures point to a more than 1,000-point fall at the open

NobodyHere 02-05-2018 09:45 PM

Ugh.

I think everyone knew that a correction was coming. But it still sucks.

panerd 02-05-2018 09:53 PM

I think everyone is being thrown off by the large numbers as well. I mean 5% sucks but the Dow isn’t even down for the month right now. I do find it interesting that everyone is coming out the woodwork now and placing this all at Trumps feet while denying the growth for the past year. Man talk about turning on a dime of having your cake and eating it too. Partisan politics, not surprising but still funny. Go back a few pages and reread Quiksand’s level headed take on the economy.

RainMaker 02-05-2018 10:29 PM

Quote:

Originally Posted by panerd (Post 3194237)
I think everyone is being thrown off by the large numbers as well. I mean 5% sucks but the Dow isn’t even down for the month right now. I do find it interesting that everyone is coming out the woodwork now and placing this all at Trumps feet while denying the growth for the past year. Man talk about turning on a dime of having your cake and eating it too. Partisan politics, not surprising but still funny. Go back a few pages and reread Quiksand’s level headed take on the economy.


I think it's just making fun of him. He assumed every time the DOW went up it was because of him. So when it goes down, it has to be on him too.

I personally don't think the President has much control over the day-to-day ups and downs but he sure does.

Scoobz0202 02-05-2018 10:36 PM

Lurker more then poster, but yea. This is just another example where if Trump didn't talk so much I absolutely agree that this is just part of the cycle, the ups and the downs, but if the man wants to take full responsibility when its up then he better be damn sure he gets the responsibility when its down.

EagleFan 02-05-2018 10:46 PM

Quote:

Originally Posted by RainMaker (Post 3194241)
I think it's just making fun of him. He assumed every time the DOW went up it was because of him. So when it goes down, it has to be on him too.

I personally don't think the President has much control over the day-to-day ups and downs but he sure does.


He only thinks he is responsible for the ups.

EagleFan 02-05-2018 10:53 PM

Quote:

Originally Posted by panerd (Post 3194237)
I think everyone is being thrown off by the large numbers as well. I mean 5% sucks but the Dow isn’t even down for the month right now. I do find it interesting that everyone is coming out the woodwork now and placing this all at Trumps feet while denying the growth for the past year. Man talk about turning on a dime of having your cake and eating it too. Partisan politics, not surprising but still funny. Go back a few pages and reread Quiksand’s level headed take on the economy.


Not even down for the month? It's down around 2000 for the month.

EagleFan 02-05-2018 10:57 PM

It's also down from the start of the year so where are you getting this not down for the month idea?

sabotai 02-05-2018 11:02 PM

The Dow Jones finished at 24,345.75 today (Feb 5th), that's the lowest since Dec 8th (2 months ago) when it closed at 24,329.19.

The S&P 500 closed at 2648.94, the lowest since Dec 7th (2 months ago) at 2636.98.

panerd 02-06-2018 06:50 AM

Quote:

Originally Posted by RainMaker (Post 3194241)
I think it's just making fun of him. He assumed every time the DOW went up it was because of him. So when it goes down, it has to be on him too.

I personally don't think the President has much control over the day-to-day ups and downs but he sure does.


Yeah I do this a lot I guess but I was talking more general and less just about specifically FOFC. There are a lot on my social media feed and at work that are I think enjoying this and would probably not even mind a real crash. Don't get me wrong there were just as many (more?) on the other side that would have loved to see "Obama's market" crash as well. Which is what is so fucking stupid about partisan politics. I mean unless you have your money in gold or diamonds who doesn't have something in their lives tied to the success of the stock market?

I agree Trump is an idiot about most things but I will take him bragging about the market if it brings me gains on my investments.

panerd 02-06-2018 06:56 AM

Quote:

Originally Posted by EagleFan (Post 3194244)
Not even down for the month? It's down around 2000 for the month.


OK OK. Two things.

1. I think most people understand down for the month to mean past 30 days not literally February but I meant last 30 days obviously.

2. I also admit I misread a chart and read December as January. Point being though its not like the crash of '87 that wiped out an entire year in one day or '08 that wiped out like a decade by the time it was done. It could get there for sure but we have had 4-5% drops before it's just the number 1000 attached to it that seems like we are headed to 1929.

Edward64 02-06-2018 07:36 AM

Quote:

Originally Posted by Warhammer (Post 3194198)
The hard core guys, they will stick with him. Others that realize he did not cause it (or cause the run up to this point), will stick with him. Most moderates will probably dump him if they have not already.


Agree except that I do believe this is (or was) a Trump rally.

I think it was more a rally of what people "believed" Trump could do for taxes, healthcare, small businesses, infrastructure etc.

To be clear, Obama certainly recovered us from the Great Recession and laid the foundation for steady growth, lower unemployment etc. but if Hillary had won, don't think the markets would have rallied so much ... so IMO he gets the majority of credit for stock market boom last year.

Does he own this downswing (possible collapse). May be wrong, I don't think so or at least, not the majority of it. There's nothing he has said or done that I know of that would have cause this sudden collapse. The TV pundits are all talking over themselves, I'm sure there will be a reasonable post-mortem after this is over.

JPhillips 02-06-2018 08:07 AM

Quote:

Originally Posted by panerd (Post 3194256)
I mean unless you have your money in gold or diamonds who doesn't have something in their lives tied to the success of the stock market?


Not to pick, but just to make a point a lot of people miss, about half the country has no money in the market and 85% of stocks are owned by 10% of the population. Now you can argue that the market is a reflection of the general health of the economy, and to some extent it is, but it can go up or down a good amount and have no effect on a lot of the public.

And it can drop for reasons that are contrary to the good of most of the public. The current dive was precipitated by fears of what rising wages might mean for profits.

panerd 02-06-2018 08:52 AM

Quote:

Originally Posted by JPhillips (Post 3194264)
Not to pick, but just to make a point a lot of people miss, about half the country has no money in the market and 85% of stocks are owned by 10% of the population. Now you can argue that the market is a reflection of the general health of the economy, and to some extent it is, but it can go up or down a good amount and have no effect on a lot of the public.

And it can drop for reasons that are contrary to the good of most of the public. The current dive was precipitated by fears of what rising wages might mean for profits.


So if Walmart's stock nosedives they aren't going to have to lay off any employees? John Q. Public who has a government pension isn't counting on stock market gains? Maybe I am that out of touch as teacher with both a pension dependent on the market and private IRA's (wouldn't consider myself part of the "elite") but to say it won't effect 50% of the country seems way off.

Edward64 02-06-2018 08:59 AM

Right now Dow is up +1.37% and Nasdaq is down -3.31%

Kinda crazy, don't think I've seen this wide of difference before.

Thomkal 02-06-2018 09:35 AM

You knew he couldn't stay away from this...

Donald J. Trump‏Verified account @realDonaldTrump 2h2 hours ago




So disgraceful that a person illegally in our country killed @Colts linebacker Edwin Jackson. This is just one of many such preventable tragedies. We must get the Dems to get tough on the Border, and with illegal immigration, FAST!

JPhillips 02-06-2018 10:04 AM

Quote:

Originally Posted by panerd (Post 3194267)
So if Walmart's stock nosedives they aren't going to have to lay off any employees? John Q. Public who has a government pension isn't counting on stock market gains? Maybe I am that out of touch as teacher with both a pension dependent on the market and private IRA's (wouldn't consider myself part of the "elite") but to say it won't effect 50% of the country seems way off.


Eventually yes, but it would take a sizable loss. From Jan 29 to Feb 5 Wal-Mart stock dropped ten percent and there aren't announcements of layoffs.

The stats are clear that about half the country owns no stock, either individually or through funds/pensions.

Atocep 02-06-2018 11:36 AM

Quote:

Originally Posted by corbes (Post 3194234)


A tweet for every occasion.



Chief Rum 02-06-2018 12:30 PM

Quote:

Originally Posted by JPhillips (Post 3194264)
Not to pick, but just to make a point a lot of people miss, about half the country has no money in the market and 85% of stocks are owned by 10% of the population. Now you can argue that the market is a reflection of the general health of the economy, and to some extent it is, but it can go up or down a good amount and have no effect on a lot of the public.

And it can drop for reasons that are contrary to the good of most of the public. The current dive was precipitated by fears of what rising wages might mean for profits.


The stock market affects a lot more than the immediate ownership value. The economic loss doesn't just stop there. It goes on and filters into the economy in general.

I'm interjecting in the middle of your discussion here and I have no real idea what you and anyone else is discussing in a broad sense. Just saying if you think the impact of the stock market losses stop at price valuation, I don't believe that is true.

JPhillips 02-06-2018 12:37 PM

Quote:

Originally Posted by Chief Rum (Post 3194315)
The stock market affects a lot more than the immediate ownership value. The economic loss doesn't just stop there. It goes on and filters into the economy in general.

I'm interjecting in the middle of your discussion here and I have no real idea what you and anyone else is discussing in a broad sense. Just saying if you think the impact of the stock market losses stop at price valuation, I don't believe that is true.


My general point is that the stock market has far less impact on half the country than would be expected given the media coverage of every high and low.

albionmoonlight 02-06-2018 12:49 PM

I think that y'all are both right.

The market affects more people than simply people who have direct investments.

But our day-to-day obsession with the market far outweighs its day-to-day effect on our lives.

Edward64 02-06-2018 12:50 PM

So you think you have it bad?

https://www.marketwatch.com/story/xi...ney-2018-02-06
Quote:

The VelocityShares Daily Inverse VIX Short Term ETN XIV, -92.32% was created to give traders an opportunity to bet against a rise in volatility — the calmer the markets, the more profitable the trade. And it’s been one of the best plays out there amid the bull’s long and steady assault on new highs.

All that changed, however, when the stock market began to seriously flame out last week. The ultimate gut-shot landed Monday when the Dow Jones Industrial Average DJIA, -0.13% was smacked with a record-setting retreat. The XIV dropped 90% after hours following the selloff, leaving a trail of destruction in its wake.

Nowhere was the pain more palpable than on Reddit’s “Trade XIV” group, which counts more than 1,800 members. One of them goes by the cyber-handle Lilkanna, and to say he’s had a rough stretch would be a huge understatement.

“I’ve lost $4 million, 3 years worth of work, and other people’s money,” he wrote in a post that’s garnering lots of attention. “Should I kill myself?”

First response: Absolutely not. Second: Show proof.

So Lilkanna posted this screenshot:

If he’s to be believed, wow. Brutal. How did it happen?

TBH, I don't feel bad for the guy but hope he doesn't off himself.

Declare bankruptcy, give up any hope on rebuilding relationships with people whose money he has lost and go overseas (somewhere remote) and teach english.

stevew 02-06-2018 07:03 PM

Trump’s ‘marching orders’ to the Pentagon: Plan a grand military parade - The Washington Post


wtf is this nonsense.

BYU 14 02-06-2018 07:15 PM


Wow! We still have too many soldiers deployed with sub par gear and he wants a fucking parade that will cost millions. The fucking military isn't your toy ass clown.

Thomkal 02-06-2018 07:43 PM

Quote:

Originally Posted by BYU 14 (Post 3194356)
Wow! We still have too many soldiers deployed with sub par gear and he wants a fucking parade that will cost millions. The fucking military isn't your toy ass clown.


Apparently it is. France had a big parade when he was there, so now we have to have a bigger one.

BBT 02-06-2018 08:54 PM


Big waste of money.

Chief Rum 02-06-2018 10:02 PM

Am I the only one picturing the German Army marching in full party dress and Heil Hitlering the Fuhrer as they go by?

Marmel 02-06-2018 10:24 PM

Maybe we will burn books at this parade too?

SirFozzie 02-06-2018 11:14 PM

Quote:

Originally Posted by Marmel (Post 3194408)
Maybe we will burnDemocrats[ at this parade too?


Fixed that for MAGA-ots. (waiting for a certain unnamed poster to say "This, but unironically")

Edit: I'm DEFINITELY not calling Marmel a MAGA. Just to make that clear :)

miked 02-07-2018 06:48 AM

Hannity and folks would have had a heart attack if Obama did this.

cartman 02-07-2018 07:09 AM

Where is Bill Murray from Stripes when you need him?

THAT'S THE FACTS, JACK!

Atocep 02-07-2018 09:26 AM

Quote:

Originally Posted by miked (Post 3194426)
Hannity and folks would have had a heart attack if Obama did this.


I'm sure the same far right that was convinced Obama was going to make himself president for life would be perfectly fine with a misuse of our military.

Ben E Lou 02-07-2018 09:37 AM

So, what is his point here?





"Hey, all you investors, companies, fears, whims, little angels and devils on peoples' shoulders, and all the other myriad factors that determine whether the market is up or down, ALL OF YOU ARE DOING IT WRONG AND BETTER DO MAH BIDDING!!!"

ISiddiqui 02-07-2018 09:41 AM

That he doesn't understand the markets? Or the economy?

The markets fell due to the 'good news' because there was fear of future inflation. Or, worse*, that the Fed Chair would jack up interest rates to stave off inflation.

*depending on your point of view

JPhillips 02-07-2018 10:22 AM

I actually think he's right if he's saying that the market isn't necessarily a reflection of the health of the overall economy, but it's hard to make that point when you've also been arguing that the market is a reflection of the health of the overall economy.

jeff061 02-07-2018 10:32 AM

Quote:

Originally Posted by JPhillips (Post 3194447)
I actually think he's right if he's saying that the market isn't necessarily a reflection of the health of the overall economy, but it's hard to make that point when you've also been arguing that the market is a reflection of the health of the overall economy.


And that clearly wasn't the point he was making. Dude is just dumb as fuck.

bronconick 02-07-2018 10:43 AM



Matthew Dowd‏Verified account @matthewjdowd









A guy with five military draft deferments wanting a military parade to honor himself, is a bit like Cruella De Vil wanting an award from the humane society for her treatment of Dalmatians.

Logan 02-07-2018 10:57 AM

Trump had a nice hair malfunction earlier today.

Warhammer 02-07-2018 11:58 AM

Quote:

Originally Posted by Thomkal (Post 3194378)
Apparently it is. France had a big parade when he was there, so now we have to have a bigger one.


I think he is trying to compensate for his missile envy.

molson 02-07-2018 12:19 PM

Trump would look better bald.

https://i.amz.mshcdn.com/qxcrOV1KDtZ...0%2Fimage1.jpg

It's sad enough to be so vain when you're over 70, but to protect THAT head of hair is just, confusing.

albionmoonlight 02-07-2018 12:22 PM

Quote:

Originally Posted by molson (Post 3194465)
Trump would look better bald.

https://i.amz.mshcdn.com/qxcrOV1KDtZ...0%2Fimage1.jpg

It's sad enough to be so vain when you're over 70, but to protect THAT head of hair is just, confusing.


He'd have to put up with a week or so of Lex Luthor jokes from the liberals, but then they'd move on.

I agree with you that just accepting baldness would be less embarrassing for him.

stevew 02-07-2018 01:14 PM

He looks way better bald. Like the guy from murder one.

cuervo72 02-07-2018 01:29 PM

Daddy Warbucks.

PilotMan 02-07-2018 01:32 PM

Quote:

Originally Posted by cuervo72 (Post 3194476)
Biggest Baddest Daddy Warbucks.


Fixed it

RainMaker 02-07-2018 05:29 PM

Only hiring the best people.

Hope Hicks' boyfriend Rob Porter resigns after abuse claim | Daily Mail Online

JPhillips 02-07-2018 05:51 PM

The WH knew for months.

Edward64 02-07-2018 06:39 PM

So the Senate comes up with some agreement and Pelosi spends 8 hours on the House floor talking about DACA.

Seems as if Schumer knows a losing proposition but Pelosi is doubling down and hoping that Ryan will support some semblance of a DACA deal (for the Wall?).

https://www.cnn.com/2018/02/07/polit...own/index.html

JPhillips 02-07-2018 06:52 PM

I guarantee Schumer and Pelosi worked this out. The bill will pass, unless the Freedom Caucus kills it, and this gives cover.

Edward64 02-07-2018 07:00 PM

The current Senate bill does not have any DACA provisions. Are you saying Schumer and Pelosi are okay with this?

JPhillips 02-07-2018 07:20 PM

I'm saying that Schumer dealing with McConnell while Pelosi protests in the House, where she can't stop anything, is almost certainly planned and agreed to by both of them.

SirFozzie 02-07-2018 07:45 PM

except with the Free-dumb Cow-cuss screaming their head off, they need quite a few Democratic votes.

JPhillips 02-07-2018 07:52 PM

Just another reason to do this. Pelosi gives the Dems a reason to vote against the bill, Ryan can't deliver the Freedom Caucus, and then the GOP looks like idiots. All while avoiding a filibuster like last time.

Now I think it will pass, but I don't think this is evidence of a Dem split. It's all just theatre.

Thomkal 02-07-2018 08:01 PM

So Republicans in Wisconsin, PA, and NC are dealing with the fact that the Democrats are winning special elections, gerrymander battles, and "liberal judges" in their own unique and most likely illegal ways:

https://slate.com/news-and-politics/...he-states.html

BBT 02-08-2018 09:05 AM

Russians penetrated U.S. voter systems, top U.S. official says

Quote:

The U.S. official in charge of protecting American elections from hacking says the Russians successfully penetrated the voter registration rolls of several U.S. states prior to the 2016 presidential election.

In an exclusive interview with NBC News, Jeanette Manfra, the head of cybersecurity at the Department of Homeland Security, said she couldn't talk about classified information publicly, but in 2016, "We saw a targeting of 21 states and an exceptionally small number of them were actually successfully penetrated."

Jeh Johnson, who was DHS secretary during the Russian intrusions, said, "2016 was a wake-up call and now it's incumbent upon states and the Feds to do something about it before our democracy is attacked again."

First, what constitutes an "exceptionally small number" in this case?

Second, glad we're not enforcing sanctions against a country actively targeting our elections. If Dems gain control, this needs to be a priority.

Third, anyone else a little concerned about Privacy Act info being compromised? I know the focus is on the election, but if hackers are perusing voter roles, they more than likely have access to SSNs, DL#s, and other pertinent info.

Logan 02-08-2018 10:33 AM

Quote:

Originally Posted by BBT (Post 3194575)
Russians penetrated U.S. voter systems, top U.S. official says



First, what constitutes an "exceptionally small number" in this case?


Don't know about this case, but with a starting sample of 21, having them successfully penetrate "them", meaning plural, meaning at least 2, means a hit rate of no lower than 9.5%.

In my corporate world, a failure rate that high would be met with the fury of a thousand suns.

JPhillips 02-08-2018 11:49 AM

With the new spending, the 2019 deficit is projected at 5.6% of GDP.

In a booming economy.

Madness.


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