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Post by sagobob on Aug 13, 2020 7:44:51 GMT -8
From an NYT article:
In one of several fresh lines on Wednesday, Ms. Harris said of the president, "He inherited the longest economic expansion in history and then, like everything else he inherited, he ran it into the ground."
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Post by mhbruin on Aug 13, 2020 7:51:25 GMT -8
Great line!
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hasben
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Post by hasben on Aug 13, 2020 8:07:45 GMT -8
That's a dangerous assertion since he will point to the highest stock market and lowest unemployment prior to the pandemic.
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Post by Born2BBruin on Aug 13, 2020 11:52:19 GMT -8
That's a dangerous assertion since he will point to the highest stock market and lowest unemployment prior to the pandemic. The line is, "Are you better off today than you were four years ago?" It's not, "Were you better off nine months ago than you were four years ago?" As far as the stock market goes, while about half the people in the US own some stock, most of them don't own enough for it to make a difference. Eighty four percent of all US stock holdings are owned by 10% of the people. Eighty percent of US stockholders own less than 7%. The voters know the economy sucks. Bankruptcies are at a 10-year high. And most of those were in the last quarter, with many more expected this quarter, so expect that number to climb high than the last recession. |
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hasben
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Post by hasben on Aug 13, 2020 13:11:00 GMT -8
"The line is, "Are you better off today than you were four years ago?" It's not, "Were you better off nine months ago than you were four years ago?"
My point is that's a dumb question to ask in the middle of a pandemic that has crippled the world's economy. Of course almost no one is better off now. Almost no one in the whole world is better off except maybe big pharma, toilet paper producers and ppe providers. And while rump can be heavily criticized for the way he's handled the pandemic he can't be criticized for causing it. Kamala better think before she leaps.
And as you pointed out 55% of Americans do own stock primarily in their retirement accounts. They may not own the bulk of all stock issued but they certainly care about their retirement accounts and the little they do own.
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Post by andyh64000 on Aug 13, 2020 13:51:52 GMT -8
"The line is, "Are you better off today than you were four years ago?" It's not, "Were you better off nine months ago than you were four years ago?" My point is that's a dumb question to ask in the middle of a pandemic that has crippled the world's economy. Of course almost no one is better off now. Almost no one in the whole world is better off except maybe big pharma, toilet paper producers and ppe providers. And while rump can be heavily criticized for the way he's handled the pandemic he can't be criticized for causing it. Kamala better think before she leaps. And as you pointed out 55% of Americans do own stock primarily in their retirement accounts. They may not own the bulk of all stock issued but they certainly care about their retirement accounts and the little they do own. My take would be that Trump was handed a great situation and then the first major crisis of his administration he completely shit the bed and now we are far worse off than we were 4 years ago and far worse off than the rest of the world who also had to deal with the same crisis. |
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Post by gainsborough on Aug 13, 2020 14:06:20 GMT -8
Kamala Harris also said something really cogent, something that should be repeated over and over again without stop:
"It didn't have to be this way."
Trump and his supporters seem to think that there was no way that our country could have avoided the problems that currently beset us. The truth is very different: better leadership from the White House would have greatly reduced the extent of this pandemic, and may have even avoided it altogether.
Why don't more people talk about that?
Is it because most people can only recognize a single vision of reality - the current one, whatever that is - and merely assume that no other options were ever possible?
Personally, my mantra is: "It didn't have to be this way. We could have done better, and we should have done better."
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hasben
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Post by hasben on Aug 13, 2020 16:59:20 GMT -8
Kamala Harris also said something really cogent, something that should be repeated over and over again without stop: "It didn't have to be this way." Personally, my mantra is: "It didn't have to be this way. We could have done better, and we should have done better." That is the absolute truth. While there are no countries that are better off now or even as good as they were 5 months ago many are way ahead of us. The damage he did and the lives he cost with his inept covid response is incalculable. That is what the dems should focus on. |
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