Liberal Forum

THE TRUTH ABOUT THE RIGHT WINGED WAR ON THE MIDDLE CLASS:

The Greatest Con in American History

EXCERPTS:

"Since 1980, our Democracy, under the guise of the republican party’s false narrative of “Conservative Values,” has become captive to the privileged few granting themselves an unconstrained license to plunder the Nation’s Treasury and their fellow citizens in their insatiable pursuit of more incredible wealth.

YET, for some inexplicable reason, the constant barrage of blatant republican political lies has successfully convinced half the population that the “Greatest Con in American History” is the fault of the Democrats and that the republicans are on the side of the common people."

B.See » 18 Oct 2022, 9:52 pm » wrote: ↑

18 Oct 2022, 9:52 pm

THE TRUTH ABOUT THE RIGHT WINGED WAR ON THE MIDDLE CLASS:

The Greatest Con in American History

EXCERPTS:

"Since 1980, our Democracy, under the guise of the republican party’s false narrative of “Conservative Values,” has become captive to the privileged few granting themselves an unconstrained license to plunder the Nation’s Treasury and their fellow citizens in their insatiable pursuit of more incredible wealth.

I completely agree. HOWEVER, in the 1990s, bubba clinton brought the dems to wall street's table. In the aught and teens, Obama finished the takeover of whoring the dems out to wall street with Q.E., while continuing the democrat mass-incarceration pogroms against blacks begun by segregationist Joe Biden. 

Today, the DEMOCRATS are the wall street party - they scooched the repukes over. That is why hitlery got more wall street money than trump - as did biden. 
 

Cannonpointer » 18 Oct 2022, 10:11 pm » wrote: ↑

18 Oct 2022, 10:11 pm

I completely agree. HOWEVER, in the 1990s, bubba clinton brought the dems to wall street's table. In the aught and teens, Obama finished the takeover of whoring the dems out to wall street with Q.E., while continuing the democrat mass-incarceration pogroms against blacks begun by segregationist Joe Biden. 

Today, the DEMOCRATS are the wall street party - they scooched the repukes over. That is why hitlery got more wall street money than trump - as did biden.

Obama finished the takeover of whoring the dems out to wall street with Q.E.,

QE is a FEDERAL RESERVE policy, witless spam guzzling cocksucker.


It was the strategy of Ben Bernanke, a Scrub appointee.


**** imbecile.

B.See » 18 Oct 2022, 9:52 pm » wrote: ↑

18 Oct 2022, 9:52 pm

THE TRUTH ABOUT THE RIGHT WINGED WAR ON THE MIDDLE CLASS:

The Greatest Con in American History

EXCERPTS:

"Since 1980, our Democracy, under the guise of the republican party’s false narrative of “Conservative Values,” has become captive to the privileged few granting themselves an unconstrained license to plunder the Nation’s Treasury and their fellow citizens in their insatiable pursuit of more incredible wealth.

YET, for some inexplicable reason, the constant barrage of blatant republican political lies has successfully convinced half the population that the “Greatest Con in American History” is the fault of the Democrats and that the republicans are on the side of the common people."

Not half but embarrassingly close, a credit to social media.

Trump's so-called "tax cut" was MOSTLY a BONANZA FOR THE WEALTHY ELITE. And they're planning on MORE:

Republicans already looking to extend a trio of corporate tax breaks that would ADD $600 billion to the deficit

Blackvegetable » 19 Oct 2022, 8:30 am » wrote: ↑

19 Oct 2022, 8:30 am

QE is a FEDERAL RESERVE policy, witless spam guzzling cocksucker.

It was the strategy of Ben Bernanke, a Scrub appointee.

**** imbecile.

It is obvious your dumb *** *** thinks that the fed is independent from the fed government, ie the Treasury.   

The QE program was a massive buying by the fed of Treasury Notes and Bonds and the greatest transfer of wealth in the history of the world occurred. Some $4.5 TRILLION was given to Wall Street banks through its QE program, with the American taxpayers picking up the IOU.  And it was the magic negro's man Timmy Geithner at the helm of the Treasury dept.   And you are one gullible, no, dumb *** to think that the magic negro did not have a hand in this scheme.  Timmy worked for the magic negro, idiot!!!

That $4.5 TRILLION pulled out of "thin air" was given to banks, under the misguided notion that they needed the money to remain solvent. The banks promptly invested this money, which kept the stock market humming, but did nothing for jobs, wages or the GDP.
This was by design. The fed could not allow the bank’s largesse to be circulated into the public for fear of rapid inflation.
The banks also funded company mergers, company debt offerings and stock buybacks. This activity kept the money sequestered and allowed a greater return for the banks. After all, they were getting free money to invest — there was no way to lose.
Who did this help? The 1%, and pretty much only the 1%.
Those actions were the reasons the American middle class has been decimated and no longer makes up the majority of the population. 

Buffalo » 19 Oct 2022, 1:18 pm » wrote: ↑

19 Oct 2022, 1:18 pm

It is obvious your dumb *** *** thinks that the fed is independent from the fed government, ie the Treasury.   

The QE program was a massive buying by the fed of Treasury Notes and Bonds and the greatest transfer of wealth in the history of the world occurred. Some $4.5 TRILLION was given to Wall Street banks through its QE program, with the American taxpayers picking up the IOU.  And it was the magic negro's man Timmy Geithner at the helm of the Treasury dept.   And you are one gullible, no, dumb *** to think that the magic negro did not have a hand in this scheme.  Timmy worked for the magic negro, idiot!!!

That $4.5 TRILLION pulled out of "thin air" was given to banks, under the misguided notion that they needed the money to remain solvent. The banks promptly invested this money, which kept the stock market humming, but did nothing for jobs, wages or the GDP.
This was by design. The fed could not allow the bank’s largesse to be circulated into the public for fear of rapid inflation.
The banks also funded company mergers, company debt offerings and stock buybacks. This activity kept the money sequestered and allowed a greater return for the banks. After all, they were getting free money to invest — there was no way to lose.
Who did this help? The 1%, and pretty much only the 1%.
Those actions were the reasons the American middle class has been decimated and no longer makes up the majority of the population.

A career in "commercial banking" - never a clue that the Fed is independent of the executive branch.

Probably can't distinguish Monetary from Fiscal.

Makes your head spin.

Poster child of White Privilege 

B.See » 18 Oct 2022, 9:52 pm » wrote: ↑

18 Oct 2022, 9:52 pm

THE TRUTH ABOUT THE RIGHT WINGED WAR ON THE MIDDLE CLASS:

The Greatest Con in American History

EXCERPTS:

"Since 1980, our Democracy, under the guise of the republican party’s false narrative of “Conservative Values,” has become captive to the privileged few granting themselves an unconstrained license to plunder the Nation’s Treasury and their fellow citizens in their insatiable pursuit of more incredible wealth.

YET, for some inexplicable reason, the constant barrage of blatant republican political lies has successfully convinced half the population that the “Greatest Con in American History” is the fault of the Democrats and that the republicans are on the side of the common people."

You lost me from the start when you said we are a democracy.

Goodgrief » 19 Oct 2022, 1:55 pm » wrote: ↑

19 Oct 2022, 1:55 pm

You lost me from the start when you said we are a democracy.

 

again, the paragraphs in quotation marks (right under the word "excerpts") are EXCERPTS from the article.

 

Blackvegetable » 19 Oct 2022, 1:22 pm » wrote: ↑

19 Oct 2022, 1:22 pm

A career in "commercial banking" - never a clue that the Fed is independent of the executive branch.

Probably can't distinguish Monetary from Fiscal.

Makes your head spin.

Poster child of White Privilege

Yeah, I was taught that **** lie in college economics 101, ***.  Your independence is merely smoke and mirrors to fool an ignorant public dickheads like you.

Who nominates the chairman of the fed?  Who approves that nomination?

How does the government finance its massive budget deficits?  By selling treasury bonds. Who is buying all this debt and "monetizing" it?

William Salter writes for the American Institute for Economic Research:

"The fed makes all of this government spending possible by creating artificial demand in the bond market. The fed buys Treasuries on the open market with money created out of thin air.  No other entity has bought more US bonds than the fed – not foreign investors, not US banks, and not even US corporations and individuals. 

 But there is another way to think about the relationship between fiscal and monetary affairs. When governments run deficits, they can be paid for three ways. First, the debt can be rolled over via additional borrowing. Second, it can be amortized (paid down through tax surpluses). Third, it can be inflated away. This last one is clearly relevant to monetary policy. If fiscal authorities can pressure monetary authorities for favorable policy, the monetary authorities can run the printing presses to erode the real value of the debt.

 The political process can select for monetary policy makers who will accommodate fiscal needs, even without overt coordination between fiscal and monetary agents. In other words, fiscally accommodative central bankers are adaptively successful in the political environment of fiscal–monetary decision making."

Braindead biden and the dim-0-craps' socialist "fiscal" policies with their $1.9 TRILLION climate-change and social-spending cash infusion into the economy: “The American Plan.” have **** the US economy up most likely beyond repair with the massive inflation it has caused.  

Inflation and soaring energy prices already had erupted in Biden’s first months, fueled by his green agenda, executive orders, and “rescue plan” — well before Putin’s invasion.

And now the falsely named "Infaltion reduction Act" is only going to make matters worse for the struggling middle and poor working classes.

Buffalo » 19 Oct 2022, 2:24 pm » wrote: ↑

19 Oct 2022, 2:24 pm

Yeah, I was taught that **** lie in college economics 101, ***.  Your independence is merely smoke and mirrors to fool an ignorant public dickheads like you.

Who nominates the chairman of the fed?  Who approves that nomination?

How does the government finance its massive budget deficits?  By selling treasury bonds. Who is buying all this debt and "monetizing" it?

William Salter writes for the American Institute for Economic Research:

"The fed makes all of this government spending possible by creating artificial demand in the bond market. The fed buys Treasuries on the open market with money created out of thin air.  No other entity has bought more US bonds than the fed – not foreign investors, not US banks, and not even US corporations and individuals. 

 But there is another way to think about the relationship between fiscal and monetary affairs. When governments run deficits, they can be paid for three ways. First, the debt can be rolled over via additional borrowing. Second, it can be amortized (paid down through tax surpluses). Third, it can be inflated away. This last one is clearly relevant to monetary policy. If fiscal authorities can pressure monetary authorities for favorable policy, the monetary authorities can run the printing presses to erode the real value of the debt.

 The political process can select for monetary policy makers who will accommodate fiscal needs, even without overt coordination between fiscal and monetary agents. In other words, fiscally accommodative central bankers are adaptively successful in the political environment of fiscal–monetary decision making."

Braindead biden and the dim-0-craps' socialist "fiscal" policies with their $1.9 TRILLION climate-change and social-spending cash infusion into the economy: “The American Plan.” have **** the US economy up most likely beyond repair with the massive inflation it has caused.  

Inflation and soaring energy prices already had erupted in Biden’s first months, fueled by his green agenda, executive orders, and “rescue plan” — well before Putin’s invasion.

And now the falsely named "Infaltion reduction Act" is only going to make matters worse for the struggling middle and poor working classes.

A George Mason crank.

Fabulous.
 

Blackvegetable » 19 Oct 2022, 3:28 pm » wrote: ↑

19 Oct 2022, 3:28 pm

A George Mason crank.

Fabulous.

I did not figure you to understand anything.  So you resort to your usual ignorant tactic of deflection by ad hominem.

You do know that the fed has been monetizing government deficit spending?
 

Buffalo » 19 Oct 2022, 3:54 pm » wrote: ↑

19 Oct 2022, 3:54 pm

I did not figure you to understand anything.  So you resort to your usual ignorant tactic of deflection by ad hominem.

You do know that the fed has been monetizing government deficit spending?

I know that the chairman's term is staggered, so as not to coincide with presidential terms. I also know that Carter appointed Volker, who was renominated by Reagan. Greenspan served 4 different presidents from both parties. 

I also know that the only POTUS in my lifetime to threaten a Fed Chair is the cretin for whom you cast 2 votes.

Any questions,  Ofay?

Blackvegetable » 19 Oct 2022, 8:30 am » wrote: ↑

19 Oct 2022, 8:30 am

QE is a FEDERAL RESERVE policy, witless spam guzzling cocksucker.

It was the strategy of Ben Bernanke, a Scrub appointee.

**** imbecile.

       

Cuz talking points are real, and obama was bernanke's viktum!

He coodunt do NOTHIN. He TRIED!!!!!        

Blackvegetable » 19 Oct 2022, 3:59 pm » wrote: ↑

19 Oct 2022, 3:59 pm

I know that the chairman's term is staggered, so as not to coincide with presidential terms. I also know that Carter appointed Volker, who was renominated by Reagan. Greenspan served 4 different presidents from both parties. 

I also know that the only POTUS in my lifetime to threaten a Fed Chair is the cretin for whom you cast 2 votes.

Any questions,  Ofay?

Then you will also remember that is it was Reagan and Greenspan that cooked up the fraud of supposedly making SS solvent for decades by convincing Congress to raise the payroll tax on the middle class and working poor when he actually used the increased revenue from that tax hike to offset the deficits caused by his tax cuts for his wealthy supporters.

Read SMU professor of economics Ravi Baktra's book "Greenspans Fraud".

As evidenced by the economy today, Trump was justified in attacking Powell on his monetary policy that was leading the US down a dangerous path.  Trump had every right to criticize him because he was/is a deep state apparatchik that was attempting to derail Trumps expanding economy.

 
 

jack » 19 Oct 2022, 8:52 am » wrote: ↑

19 Oct 2022, 8:52 am

Not half but embarrassingly close, a credit to social media.

The Trumptoids are really only 35% of the electorate!
But right wing media makes it seem like more.  
 

Rep. Jim Banks, with draconian plan to impoverish older Americans, plots course to GOP leadership

While the House GOP's loudest lowest common denominators like Rep. Marjorie Taylor Greene steal the spotlight, extremists like Rep. Jim Banks of Indiana are flying under the radar as they plot their course to slashing the country's social safety net.

Under Banks' leadership last year, the Republican Study Committee outlined its plans for slashing the social safety net in a budget plan titled Reclaiming Our Fiscal Future.

No one will feel those cuts more than older working-class Americans, many of whom consider themselves conservatives.

Fox News Host Confronts GOP's Scalise on Proposed Medicare Cuts: 'Betrayal'

Watch: Chart-armed Katie Porter proves that corporate greed is the primary cause of inflation

LoL! Another frantic Dimocrat deathrattle thread.

Only 19 more days, boys!


 
 
 

'Republicans’ secret plan': op-ed explains why Democrats should expose the real GOP agenda

excerpts:

In a new op-ed published by The Hill, former acting Democratic National Committee Chair Donna Brazile explains, "Republicans today are trying to pull the wool over the eyes of Americans again, just as Nixon did, only this time by falsely claiming they have a plan to slow inflation."

"Voters need to be reminded that the Biden administration and congressional Democrats pumped trillions of dollars into the economy with the no spam , the no spam and the no spam ," she continued. "These and other Democratic measures were a lifeline for millions of Americans as COVID-19 swept across the world."

REPUBLICANS BLOCKED or ATTEMPTED TO BLOCK THESE BILLS:

Covid Relief Bill
American Rescue Plan  - funding for state and local governments
Minimum Wage Increase
Infrastructure Bill
Build Back Better Act - jobs bill which would create millions of jobs
Federal Reserve nominees
Bill requiring dark money disclosure
Domestic Terrorism Prevention Act
Bill to expand healthcare for veterans exposed to toxic burn pits
Freedom to Vote Act making it easier to register and bolster election security


ALSO, REPUBLICANS WILL KILL SOCIAL SECURITY AND MEDICARE

And, BTW what does Kari Lake propose doing??

Kari Lake Calls For Repealing Obamacare

THE MAGA PLAN FOR AMERICA.

 
 

B.See » 18 Oct 2022, 9:52 pm » wrote: ↑

18 Oct 2022, 9:52 pm

 

Daily Kos.    
B. See.  The biggest con on this site.  How the money from your shilling here?