5 million people laid off? Retail closing down...

Discussion in 'Politics, Religion, Social Issues' started by 1458279, Mar 2, 2016.

  1. 1458279 Suspended

    1458279

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    #1
  2. maxsix Suspended

    maxsix

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  3. Populism, Mar 2, 2016
    Last edited: Mar 2, 2016

    Populism macrumors regular

    Populism

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    #3
    Huge layoffs in a capitalist market demonstrates the very real need for a socialistic marketplace.

    Huge layoffs in a socialistic marketplace demonstrates the very real need for a socialistic-er marketplace.
     
  4. 1458279 thread starter Suspended

    1458279

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  5. vrDrew, Mar 2, 2016
    Last edited: Mar 2, 2016

    vrDrew macrumors 65816

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    They are two very different issues.

    China has been over-producing steel for years. State-owned Chinese steel companies were essentially dumping steel in the US - so much so that the Federal Government is imposing tariffs of u to 200% on some imported Chinese steel products. (Thats quite rare.)

    Sports Authority's problems are that they expanded far too quickly in a market that was becoming crowded with competitors.

    China cutting back on its steel production is actually good news for US manufacturers, who won't have to compete with importers who were selling below cost.

    Business failures and layoffs are part of life in a functioning free-market authority. They are not an indication of impending doom.

    And as for Europe's problems? Most economists blame the moribund recovery in the Eurozone on the austerity budgets demanded by foolish right-wing politicians everywhere from Germany to Britain. The USA is - thanks to the dreaded Obama stimulus and the quantitative easing policies of the Federal Reserve - in many ways the economic powerhouse of the world.

    The only thing thats going to cause us problems in the next year is if we give Donald J. Trump a chance to make America "Great Again."
     
  6. bradl macrumors 68040

    bradl

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    How funny you state this as your excuse/reason, because when this happened under GWB's watch, it was "just free market enterprise doing whatever it wants".

    Too bad you can't hold this to your same standards.

    BL.
     
  7. Oudinot macrumors regular

    Oudinot

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    #7
    So 7 years later libs are still blaming the current crappy economy on Bush? Give me a fraking break.
     
  8. 1458279 thread starter Suspended

    1458279

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    There we have it folk, full admission that Obama's recovery actually has a problem. It took all of about 7 years for some to come around and realize that the Obama economic miracle, isn't such a miracle after all.

    It's too bad that same mindset won't extend to the Hillary, "let's keep going down this road" policy. If Hillary gets in, what will the excuse be then?

    Don't say it, we already know, "what difference, at this point, does it make". Hillary has a big thick book full of excuses, sit back and listen to the blame. It's always someone else's fault.
     
  9. FieldingMellish Suspended

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    It's globalization reaching critical mass of self implosion. America needs to start creating and making again like it used to, rather that branding and marketing and leaving all the rest to cheaply producing others. Trump can turn it around.
     
  10. Technarchy macrumors 603

    Technarchy

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    Wealth concentration is largely stagnant capitol. It's inevitable that we will see a massive contraction in all economies if wealth is concentrated in few hands.

    The American company is backed largely by consumption of goods. If wages are driven down, and outsourced, and largely in the hands of the 1%, the other 99% don't buy stuff and have no confidence to part with their money. These leads to stores shutting down and companies going bankrupt and even less people buying stuff.

    Bush was a moron when he bailed out the banks.
     
  11. mrkramer macrumors 603

    mrkramer

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    If we'd kept Bush's economic policies we'd be a lot worse off. That doesn't change the fact that Obama started with a giant hole to get us out of, and he's done a good job at that. The economy was still getting worse when Obama came into office. He stopped the fall, and then has brought us back a long ways toward where we were.
     
  12. 1458279 thread starter Suspended

    1458279

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    I always wondered what would happen if we let the big banks fall. Why couldn't the smaller banks have picked up the accounts and just let the large banks fall? What did we gain from the large banks being saved?
     
  13. Eraserhead macrumors G4

    Eraserhead

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    Let me know when you get your Lehman refund.
     
  14. FieldingMellish Suspended

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    Yeah. Enough to hand BILLIONS over to "DEATH TO AMERICA!" Iran.
     
  15. bradl macrumors 68040

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    I never said that. I'm saying that I find someone complaining about this being the fault of the opposing party POTUS, while when it happened on their party's watch states that 'it's just the market' is completely hypocritical.

    As is your response to this thread, as you seem to be supporting that statement.

    BL.
    --- Post Merged, Mar 3, 2016 ---
    Your hypocrisy abounds.

    Here's Bush himself defending the market and its movements during the beginning of the recession.

    http://thinkprogress.org/politics/2008/12/16/33798/bush-free-market/
    http://www.nytimes.com/2008/11/14/business/economy/14bush.html?_r=0

    However, now if you see the slightest downturn, you blame Obama.

    So by your reckoning, what is good for the goose isn't good for the gander; you're willing to give Bush a pass for the same thing you rake Obama over the coals for.

    Again, Hypocrisy.

    BL.
     
  16. Eraserhead macrumors G4

    Eraserhead

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    In today's multi-polar world America has to follow the rules if it expects China, India, Russia and the EU to do so.

    I would have thought returning money to one of the most reasonable countries in the Middle East was a small price to pay.
     
  17. rdowns macrumors Penryn

    rdowns

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    It was their money, not ours.

    They just had elections and moderates beat the extremists. Wish we could say the same for the US.
     
  18. MacNut macrumors Core

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    #18
    When a company fails why don't people ever blame the CEO. It is their vision that failed. But no we praise the CEO and give them a raise.
     
  19. Oudinot macrumors regular

    Oudinot

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    #19
    The day Iran becomes a reasonable country we will know that hell has frozen over, oh wait Iran IS hell....
     
  20. bradl macrumors 68040

    bradl

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    #20
    Hell froze over in 1994:

    [​IMG]


    But I digress. Here's Iran being reasonable.



    Sometimes one needs to look in the mirror to see who may or may not be reasonable, as it is their own prejudices that keep them from being such.

    BL.
     
  21. Oudinot macrumors regular

    Oudinot

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    #21
    Sorry, Hotel California is one of my most favorite albums.
     
  22. Renzatic Suspended

    Renzatic

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    #22
    I tried the Eagles out once on the pretext of Hotel California.

    ...I hate to break it to you, but it's their only good song. :p
     
  23. Eraserhead macrumors G4

    Eraserhead

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    #23
    That's what the mainstream media wants you to believe as they haven't been an ally of America and the West.
     
  24. Renzatic Suspended

    Renzatic

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    The mainstream media brainwashes everybody! Don't think you're brainwashed? That means the brainwashing worked!
     
  25. Eraserhead macrumors G4

    Eraserhead

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    I wouldn't go that far, but the media in a given country is bias towards its interests.
     

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