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dontlooknow

Goldman sachs says trumps trade war will lead to recession.

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3 hours ago, dontlooknow said:

Yeah they got economist than are actually employed straight eight. 

Economists widely believe in free market/free trade economics. 

 

The LEFT is who's been fighting these practices for decades due to special interests, AKA unions. 

 

I guess unions don't matter to democrats anymore now that union membership is so low. 😂

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Conservative free market/free trade policies supported by Supply Side Wreckanomics = USA jobs off to support dictators and communist China = USA workers screwed and USA economy  

down the tubes. AND Wall Street banks thriving on huge loans financing supply side wreckanomics and trillion dollar wars. TAX DOLLARS UP IN SMOKE!! aka known as the theory of tax dollar money holes.

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A four year degree is not quite enough. Having two or three sources of income is not a bad idea. Why?  There are at least 6 reasons to keep in mind.

 

1. Mergers

2. Hostile Takeovers

3. Leveraged Buyouts

4. Free Trade Agreements

5. Reagan/Bush Savings and Loan home loan scandal which killed the economy and cost the USA millions of jobs.

6. Bush/Cheney Home Loan scandal killed the economy and cost the USA millions of jobs

 

All of above ultimately translate into millions upon millions upon millions of USA job losses. Big time layoffs are the end result. These jobs go abroad with tax codes that prevent taxation on profits made abroad by USA big name corporations.

 

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Unions work for all workers union or not when considering wages. Union wages keep all wages up!

The essence of what labor unions do—give workers a stronger voice so that they can get a fair share of the economic growth they help create—is and has always been important to making the economy work for all Americans. And unions only become more important as the economy worsens.

One of the primarily reasons why our current recession endures is that workers do not have the purchasing power they need to drive our economy. Even when times were relatively good, workers were getting squeezed. Income for the median working age household fell by about $2,000 between 2000 and 2007, and it could fall even further as the economy continues to decline. Consumer activity accounts for roughly 70 percent of our nation’s economy, and for a while workers were able to use debt to sustain their consumption. Yet debt-driven consumption is not sustainable, as we are plainly seeing.

What is sustainable is an economy where workers are adequately rewarded and have the income they need to purchase goods. This is where unions come in.

Unions paved the way to the middle class for millions of American workers and pioneered benefits such as paid health care and pensions along the way. Even today, union workers earn significantly more on average than their non-union counterparts, and union employers are more likely to provide benefits. And non-union workers—particularly in highly unionized industries—receive financial benefits from employers who increase wages to match what unions would win in order to avoid unionization.

Unfortunately, declining unionization rates mean that workers are less likely to receive good wages and be rewarded for their increases in productivity. The Employee Free Choice Act, which is likely to be one of the most important issues debated by the 111th Congress, holds the promise of boosting unionization rates and improving millions of Americans’ economic standing and workplace conditions.

Unions help workers achieve higher wages

Union members in the United States earn significantly more than non-union workers. Over the four-year period between 2004 and 2007, unionized workers’ wages were on average 11.3 percent higher than non-union workers with similar characteristics. That means that, all else equal, American workers that join a union will earn 11.3 percent more—or $2.26 more per hour in 2008 dollars—than their otherwise identical non-union counterparts.

 

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Such a businessman. Just look at our deficit. He has already out spent last years budget and taken less money taken in to pay for it.

 

Caveman caves in once again. North Korea, China, and Russia have his number that is for sure

 

"Trade Wars are fun and easy to win"

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Trump’s sudden surrender in his trade war with China shows he still has no idea what he’s doing

rawstory.com/2019/08/trumps-sudden-surrender-in-his-trade-war-with-china-shows-he-still-has-no-idea-what-hes-doing/

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3 minutes ago, Z09 said:

You're a billionaire and on the board of directors of over a dozen companies...

What does your people think?

 

Good morning Z,

I saw you in action yesterday.

You won the battlefield.

Well done, cowgirl.

You should be a lawyer on that old TV show....."Boston Legal".            🙂

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If Goldman Sachs is complaining about it, it must be a good idea.  Since when does Goldman Sachs give a fvck about anything except Goldman Sachs?  Moody's?  The government-created and government-protected utterly unjustifiable duopoly ratings agency that helped lie us into speculation that drove housing costs out of reach and nearly killed our economy?  That Moody's is concerned about American job losses???

 

One can only conclude that certain deals that Goldman and Moody's are hoping to cash in on are being threatened by the tariffs.

 

The tariffs are stupid, and not the right approach to addressing trade deficits fueled by trade with countries that have extremely few protections for workers or standards for pollution.  But I don't think Goldman Sachs and Moody's give a flying fvck about any of that.  I think they must be at risk of only making 1 gazillion dollars instead of 2 gazillion dollars because of the tariffs, and that chaps their ass.

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Quote

Unfortunately, declining unionization rates mean that workers are less likely to receive good wages and be rewarded for their increases in productivity. The Employee Free Choice Act, which is likely to be one of the most important issues debated by the 111th Congress, holds the promise of boosting unionization rates and improving millions of Americans’ economic standing and workplace conditions.

 

"The Employee Free Choice Act" is the most absurd misnomer I've ever seen on a bill.  The bill does the polar opposite of advancing employees' free choice.  The bill would merely allow union organizers to coerce, intimidate, badger, inappropriately influence, or otherwise do whatever they wanted to privately convince workers to sign a little card and then accumulate them and they could register themselves as having the right to represent nearly-double the number of people they actually convinced to sign it.  That is extremely anti-democratic.  

 

To support this bill is akin to wanting partisan political operatives to able to bother you at your home or work or even inside the ballot box itself, holding out an absentee ballot badgering you to vote for their candidate.  There's a reason electioneering and inappropriate influence are not permitted anywhere near the premises of where people vote. 

 

Maybe employers should be allowed to use a card-check method to reject unions.  Why not?  Let employers badger their employees to agree they will never support a union, and if they can get the signature, the union can never win their vote, because they agreed.  Same principle, really.

 

But to be serious, there is no good reason to support this sort of thuggery.  Federal government-supervised secret ballot elections protect voters' anonymity and actual free choice, at least to the greatest extent possible within the constraints of the NLRA and associated regulations and NLRB case law.

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You're just busy beating the drum, aren't you, tommy?    Soooooo eager for a recession.  

 

It must burn you that a recession requires 2 consecutive quarters of negative growth ... and you don't even have one so far.  

 

In fact, it must burn to know the US economy under Trump is humming along nicely ... much better than most of the rest of the world.  

 

And Goldman Sachs?   Wonder if their *opinion* has something to do with their being in the pockets of the DemocRATS.  

 

Have been for a long, long time. 

 

Just saying ... :lol:

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""Conservative free market/free trade policies supported by Supply Side Wreckanomics = USA jobs off to support dictators and communist China = USA workers screwed and USA economy""

 

 

Amen....as the gop got thier LOW CLASS rednecks to hate Labor...ie..Unions 

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On ‎8‎/‎14‎/‎2019 at 1:25 AM, DeepBreath said:

I'm just glad the left now believes in free market/free trade policies. 😂

 

So we can do away with this silly artificial minimum wage increases, right?  

 

 

 

Gotta love how the  left now  embraced Goldman Sachs

 

 

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2 hours ago, EltonJohnson said:

 

 

 

Gotta love how the  left now  embraced Goldman Sachs

 

 

🤣They were against Wall Street before being for it...🤣

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10 minutes ago, DeepBreath said:

They were against Wall Street before being for it...

 

The DemocRATS have always liked Goldman Sachs.  

 

Because they've given huge donations to the DemocRATic Party.  

 

They were/are big supporter of the Carbon Tax scheme designed to enrich and empower the left.  

 

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5 hours ago, BeAChooser said:

You're just busy beating the drum, aren't you, tommy?    Soooooo eager for a recession.  

 

It must burn you that a recession requires 2 consecutive quarters of negative growth ... and you don't even have one so far.  

 

In fact, it must burn to know the US economy under Trump is humming along nicely ... much better than most of the rest of the world.  

 

And Goldman Sachs?   Wonder if their *opinion* has something to do with their being in the pockets of the DemocRATS.  

 

Have been for a long, long time. 

 

Just saying ... :lol:

 

If this is humming along why isn't growth paying for the tax cuts as promised?

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16 minutes ago, Golfboy said:

So, it "will" cause a recession as you claim in the heading of this threat, or it "could" as the title of your link says?

 

 

We are up the creek financially no matter what now in America thanks to Republicans

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8 minutes ago, laton said:

We are up the creek financially no matter what now in America thanks to Republicans

Republicans didn't create the social spending that has bankrupted this country.

That's on you, snowflake. 

 

President Obama Proposes 2016 U.S. Budget

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2 minutes ago, Golfboy said:

Republicans didn't create the social spending that has bankrupted this country.

That's on you, snowflake. 

 

President Obama Proposes 2016 U.S. Budget

 

We know psychopaths like you want those who can't afford health care to do without. The issue is that Republicans use their poor revenue skills as an excuse then spend the rest on military waste and aid to Israel and fossil fuel subsidies...

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