The Ocasio-Cortez Thread

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StillwaterTownie

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nope... I'm gonna call bullsheet on you for that lie.

Silent Cal had us rip-roaring in the 20's with his conservative policies .... then The FED caused the depression - not socialism, not free market commerce....

The Fed did it.

So now what do you got, Townie? More lies and failed postings.

Nobel laureate economist Milton Friedman and his fellow monetarist Anna Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics, resulting in a Great Contraction of the economy from 1929 until the New Deal began in 1933. This view was endorsed by Fed Governor Ben Bernanke who made this statement in a speech honoring Friedman and Schwartz:

"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again."
LOL, Nevertheless, there are at least two sides to every story and what you did was merely tell the conservative version starring the controversial Milton Friedman, who like Ron Paul, was totally opposed to the Federal Reserve.
 

CaliforniaCowboy

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LOL, Nevertheless, there are at least two sides to every story and what you did was merely tell the conservative version starring the controversial Milton Friedman, who like Ron Paul, was totally opposed to the Federal Reserve.
no sir.... I did not tell any story, Bernanke told the story... he was the recent Fed Chairman. If you do not agree then take it up with him, not me.

why can't you ever look facts in the face and recognize that you got lambasted? (again)

Capitalism isn't even a real thing... it's a term made up by the Marxists. Free market commerce is the correct term. We're talking about commerce, for gosh sakes, how in the heck can commerce ever be bad? The whole discussion by the left is based on ignorance.

Socialists countries cannot have recessions and depressions?

Socialism prevents downturns and hardship?

What the heck are you even implying?

The Russian economy was the eighth largest in the world by nominal gross domestic product (GDP) valued at $2.1 trillion in 2013. Between 2000 and 2012, the country experienced rapid growth in its economy, driven by higher energy prices and increased arms exports. International investors were confident that Russia was turning a corner and foreign direct investment was flowing into the country.
A year later, Russia’s economy was on the brink of a crisis with the ruble falling to record lows against currencies like the U.S. dollar. The Russian central bank’s decision to hike interest rates by a massive 6.5 percent failed to stem the tide, as investors lost confidence in the currency. While the currency recovered to some extent in 2016, it still hadn't regained its prior strength in 2019.

economist Gregory Chow summarizes recent scholarship when he concludes that "in spite of political instability, economic activities carried on and economic development took place between 1911 and 1937," and in short, "modernization was taking place." Up until 1937, he continues, China had a market economy which was "performing well", which explains why China was capable of returning to a market economy after economic reform started in 1978
 
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AOC denied being tied to dark money. "The money we hid was various shades of green. None of it was dark. Though neither me or anyone on my campaign is racist against dark money and we are introducing a bill to congress mandating that dark money be used in all transactions in exactly the same percentage as the people of color in America,".
"I used to be a bus driver at an integrated school. The kids constantly argued and fought back and forth the entire time. Black this, white that, n-er, cracker, whitey, darky, it never stopped. Fed up, I pulled the bus to the side of the road and told them all to get their asses off the bus. Listen, I said, I am sick and tired of all the white-black fighting. From now on, when you are on my bus, you are green. Got it? All of you, green. Now get back on the damn bus....Light greens in front, dark greens in back."--Redd Foxx

The shades of green comment reminded me of this old joke. I miss Sanford and Son. Wish one of the streaming services carried it.
 
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StillwaterTownie

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no sir.... I did not tell any story, Bernanke told the story... he was the recent Fed Chairman. If you do not agree then take it up with him, not me.

why can't you ever look facts in the face and recognize that you got lambasted? (again)

Capitalism isn't even a real thing... it's a term made up by the Marxists. Free market commerce is the correct term. We're talking about commerce, for gosh sakes, how in the heck can commerce ever be bad? The whole discussion by the left is based on ignorance.

Socialists countries cannot have recessions and depressions?

Socialism prevents downturns and hardship?

What the heck are you even implying?

The Russian economy was the eighth largest in the world by nominal gross domestic product (GDP) valued at $2.1 trillion in 2013. Between 2000 and 2012, the country experienced rapid growth in its economy, driven by higher energy prices and increased arms exports. International investors were confident that Russia was turning a corner and foreign direct investment was flowing into the country.
A year later, Russia’s economy was on the brink of a crisis with the ruble falling to record lows against currencies like the U.S. dollar. The Russian central bank’s decision to hike interest rates by a massive 6.5 percent failed to stem the tide, as investors lost confidence in the currency. While the currency recovered to some extent in 2016, it still hadn't regained its prior strength in 2019.

economist Gregory Chow summarizes recent scholarship when he concludes that "in spite of political instability, economic activities carried on and economic development took place between 1911 and 1937," and in short, "modernization was taking place." Up until 1937, he continues, China had a market economy which was "performing well", which explains why China was capable of returning to a market economy after economic reform started in 1978
No way did I get lamblasted. For all you know, Milton Friedman revised some of his viewpoints before he died. Seriously, CaliforniaCowboy, you need to wake up and understand the Federal Reserve did not cause the Great Depression. That is a myth. Government policies, though, did help cause it. For starters, are you naive to the fact that the government raised maximum income tax rates from 25 to 83%? The government simply overreacted to what Laissez-faire capitalist policies, or if you prefer, free market commerce policies had caused at the end of the 1920s.
 

CaliforniaCowboy

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No way did I get lamblasted. For all you know, Milton Friedman revised some of his viewpoints before he died. Seriously, CaliforniaCowboy, you need to wake up and understand the Federal Reserve did not cause the Great Depression. That is a myth. Government policies, though, did help cause it. For starters, are you naive to the fact that the government raised maximum income tax rates from 25 to 83%? The government simply overreacted to what Laissez-faire capitalist policies, or if you prefer, free market commerce policies had caused at the end of the 1920s.
I need to wake up? I need to wake up?

The FREAKING FED CHAIRMAN SAID SO..... I JUST POSTED IT FOR YOU.

What the hell else do you need?

The "government" over reacted? The Government? Hoover tried modest efforts to boost the economy ----- THE DEMOCRATS (namely progressive socialists) "over reacted".

Here are the FIVE reasons listed for the depression (FED Policy is #3)... none of the five are "goverment over reaction".
http://tn4me.org/sapage.cfm/sa_id/73/era_id/7/major_id/8/minor_id/17/a_id/68

The stock market crashed shortly after Hoover took office, and the Great Depression became the central issue of his presidency. Hoover pursued a variety of policies in an attempt to lift the economy, but opposed directly involving the federal government in relief efforts.

FDR and WILSON over reacted and implemented socialistic measures that absolutely killed us for long, long time - not unlike what King Barack did to us.
 

StillwaterTownie

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The freaking fed chairman isn't the God of banking, and you don't have to agree with him. If you absolutely refuse to wake up to the truth, then we'll just have to disagree to agree. As for thinking that FDR and WILSON's socialistic measures killed the country for a long, long time, I can only take pity out on you as a human being for thinking such a thing. Have you not heard of the Roaring 20's, though prohibition was the dumbest part of it, or the post WWII boom? Lord have mercy. Rather than blame Wilson, blame the federal income tax on the 42 states that approved of it.
 
Mar 27, 2012
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Senate votes 0-57 striking down the Green New Deal. Hysterical. Best part was dumb ass Warren droning on and on about how magical this Green New Deal, but when it came time to vote for it she simply voted present. Put up or shut up Lieawatha
"Present" should not be a voting option. Yes or No should be the only options. By voting either Yes or No, we will assume you were Present. Friggin morons.
 

CaliforniaCowboy

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"Present" should not be a voting option. Yes or No should be the only options. By voting either Yes or No, we will assume you were Present. Friggin morons.
agreed...... they should have to say, "abstain from participating in the people's work".

(or... "hey, my mind is just not into it today"...)

3 "present" votes equated to automatic resignation....

this is a bunch of freaking baloney.
 
Jul 25, 2018
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nothing good comes from social media. Its a freaking train wreck and sadly it is driving political discourse in the country.

and Crenshaw's eye patch is glorious.
Pretty much, & like most major shifts in society, you can't rely quantify its' impact in real time.

I've contended for awhile that history is going to look back on the rise & impact of social media unfavorably.