• Please keep all posts on the Rittenhouse verdict here: Rittenhouse Verdict. Note the moderator warnings in the thread. The thread will be heavily moderated with a zero tolerance policy for any baiting, flaming, trolling or other rule breaks. Stick to the topic and not the other posters. Thank you.
  • This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Usa in weakest recovery since 1949...

Master PO

Mixed Government advocate
DP Veteran
Joined
Oct 22, 2012
Messages
32,516
Reaction score
5,321
Location
93,000,000 miles from Earth where its very Hot
Gender
Male
Political Leaning
Libertarian - Right

iguanaman

DP Veteran
Joined
Dec 16, 2011
Messages
55,378
Reaction score
20,381
Location
Florida
Gender
Male
Political Leaning
Liberal
Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era
Despite longevity, total growth during this economic expansion is lower than for much shorter business cycles

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era - Real Time Economics - WSJ

The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.

This deregulation produced two systemic outcomes: finance has been freed to become the motor of the economy while the pursuit of greater equality of citizens, as was the focus after the second world war, has been abandoned.

Instead, the notion that an unrestrained pursuit of wealth would trickle-down from rich to poor has been embraced in the mainstream political and economic arenas.

Financial markets, products, and firms now play a much larger role in many areas; from pensions and social insurance to homes and public infrastructure.

Privatisation and the doctrine of maximising value for shareholders have increased the amount of economic activity focused on extracting the largest possible short-term profit. These trends are referred to collectively as ‘financialisation’.

Until now the connections between this increasing prevalence of financial activities and the steady increase in economic inequality have not been clear. But when these two trends reached boiling point in the mid-2000s they fuelled a global collapse of financial systems.

The polarisation of wealth and incomes fed asset bubbles, risky financial activity and necessitated vast levels of household debt – resulting in the 2008 financial crash. With little done since to address these interconnected drivers, the threat of another crisis is very real.

Increasing inequality depresses demand since consumption levels depend more on the wages of those at the lower end of the income scale, than the profits of the wealthy
In the face of stagnating wages, households rely increasingly on debt to maintain their lifestyles with rising asset prices, especially in residential housing, worsening this.
Financial liberalisation allows money to flood into countries with trade deficits, such as the USA and the UK, providing the funds for debt-led consumption.
Snowballing wealth at the top increases risky financial speculation.
Inequality doesn’t bring growth, it brings economic instability

In recent years there has been a marked slowing of growth across the world’s wealthiest economies, with none returning to the growth trends experienced before the crisis. Many have begun to speculate that this stagnation could, in fact, be a permanent development – meaning that wealthy economies are fundamentally unable to create enough demand to keep growing.

The mainstream political consensus has for decades now suggested that inequality is a price worth paying for economic growth.

But new research from the Organisation for Economic Co-operation and Development (OECD) shows definitively that this inequality/growth trade-off is false – adding to a growing body of research showing that inequality actually prevents economies from growing. This points to a fundamental structural flaw in the economy: if the proceeds of growth are not shared, the pie stops growing.

The pursuit of higher returns for the already wealthy within this dwindling pie cannot persist forever. With wealth refusing year on year to trickle down, debt has been used to plug the wage-consumption gap for the rest.
The signals are showing quite plainly that this pursuit of growth, via inequality, is ineffective and unsustainable.

Why inequality is an economic problem | New Economics Foundation
 
Last edited:

MickeyW

Banned
DP Veteran
Joined
Jan 10, 2015
Messages
14,012
Reaction score
3,439
Location
Southern Oregon
Gender
Male
Political Leaning
Conservative
oh! you better watch out, you just opened a can of leftist worms.

I do it all the time ..........and when they bitch...........I keep pointing out their denials and hypocrisy.

Leftist worms are canned routinely, all over the the US. :lamo
 

MickeyW

Banned
DP Veteran
Joined
Jan 10, 2015
Messages
14,012
Reaction score
3,439
Location
Southern Oregon
Gender
Male
Political Leaning
Conservative
The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.

Income inequality? Would that be because we have so many inept citizens who can't hold down a job because the most important things to them are their I-phones, sneakers and dope?

Mutts get paid less, a lot less. Some are overpaid.
 

iguanaman

DP Veteran
Joined
Dec 16, 2011
Messages
55,378
Reaction score
20,381
Location
Florida
Gender
Male
Political Leaning
Liberal
Income inequality? Would that be because we have so many inept citizens who can't hold down a job because the most important things to them are their I-phones, sneakers and dope?

Mutts get paid less, a lot less. Some are overpaid.

Are these "Mutts" human beings? I'm confused. The problem comes from low taxes on the wealthy that is allowing them to sock away trillions. It is unsustainable and crushing growth.
 

Carjosse

Sit Nomine Digna
DP Veteran
Joined
Jul 14, 2012
Messages
14,618
Reaction score
6,311
Location
Montreal, QC
Gender
Male
Political Leaning
Liberal
Income inequality? Would that be because we have so many inept citizens who can't hold down a job because the most important things to them are their I-phones, sneakers and dope?

Mutts get paid less, a lot less. Some are overpaid.

No it is because having money flowing through the economy is what creates growth but the high amount of income inequality means that money is stagnating and is not being reinvested. Corporations and wealthy individuals instead of letting their money flow back out into the economy, are instead hoarding it or is only flowing between themselves.
 

Exquisitor

Educator
Supporting Member
DP Veteran
Monthly Donator
Joined
Jun 16, 2014
Messages
7,177
Reaction score
1,065
Location
UP of Michigan
Gender
Male
Political Leaning
Independent
Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era
Despite longevity, total growth during this economic expansion is lower than for much shorter business cycles

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era - Real Time Economics - WSJ

I guess I'll weigh in and give my two cents worth.

Not only because of the Reagan, Bush and Obama extended tax cuts but because of Republican political tactics trying to ruin Obama and make him a one Term President, they went too far.

If you think they're going to fix things and want to elect them, go ahead.
 

DA60

Banned
DP Veteran
Joined
Jan 28, 2012
Messages
16,386
Reaction score
7,793
Location
Where I am now
Gender
Male
Political Leaning
Independent
Over the last three quarters, the U.S. economy is averaging less then 1.0% GDP growth.

united-states-gdp-growth.png


United States GDP Growth Rate | 1947-2016 | Data | Chart | Calendar
 

DA60

Banned
DP Veteran
Joined
Jan 28, 2012
Messages
16,386
Reaction score
7,793
Location
Where I am now
Gender
Male
Political Leaning
Independent
The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.



Why inequality is an economic problem | New Economics Foundation

Sooo..your defence of the near-stagnation of the U.S. economy is - 'well, it's better then Europe's which is REALLY lousy'.

Okaaaaay.

That's like bringing a report card home with nothing but 'd's' and telling your parents; 'Well, I am doing a lot better then the dumb kid'.

Somehow, I don't think your parents would reply; 'Oh, well, that is different. Then well done, son'.


All the major western economies (and Japan) are following the same failed economic model - keep interest rates at or below zero and throw as much government/central bank money at the economy that they can. It's been over 8 years and still these economies are not strong enough to stand on their own feet...AND THEY NEVER WILL BE UNDER THIS POLICY; I (and others) said that years ago.

These policies are FAILING...miserably.

And all you have to say is 'well, at least we are doing better then the dumb kid'.


Oh, and some news for you...these failed policies are what is accelerating the income disparity as the rich are getting richer, the poor are growing in numbers and the middle class is shrinking. It's been over 8 years with this policy...that is long enough to show that it is FAILED and IT is causing the misery.

Food stamp usage is over 40 million in America, housing ownership rates are the lowest they have been since the 60's and the M2 money velocity is the LOWEST ON RECORD and still falling (which means people are not spending) and yet the stock market is hitting new record highs.

united-states-home-ownership-rate.png


United States Home Ownership Rate | 1965-2016 | Data | Chart | Calendar

Food-Stamps-Monthly.jpg


Food Stamps Charts | Matt Trivisonno's Blog

https://fred.stlouisfed.org/series/M2V


It's right in front of your face - and yet still you refuse to look at the plain facts...the economy is stagnating and the cause is too low interest rates and cheap money being dumped on everyone who is rich.


And once again, I despise both parties...I have zero political agenda.
 
Last edited:

dimensionallava

DP Veteran
Joined
Aug 12, 2015
Messages
6,414
Reaction score
1,524
Gender
Undisclosed
Political Leaning
Communist
wtf? did this get posted on stormfront or something?
 

DamnYankee

Banned
DP Veteran
Joined
Apr 28, 2009
Messages
7,370
Reaction score
3,469
Gender
Male
Political Leaning
Very Conservative
the middle class is shrinking. It's been over 8 years with this policy...that is long enough to show that it is FAILED and IT is causing the misery.

It’s all very Saul Alinsky.
 

katzgar

Banned
DP Veteran
Joined
Jan 2, 2016
Messages
9,517
Reaction score
1,696
Location
prairieville, LA
Gender
Male
Political Leaning
Independent
Income inequality? Would that be because we have so many inept citizens who can't hold down a job because the most important things to them are their I-phones, sneakers and dope?

Mutts get paid less, a lot less. Some are overpaid.


more right wing crap
 

katzgar

Banned
DP Veteran
Joined
Jan 2, 2016
Messages
9,517
Reaction score
1,696
Location
prairieville, LA
Gender
Male
Political Leaning
Independent
I do it all the time ..........and when they bitch...........I keep pointing out their denials and hypocrisy.

Leftist worms are canned routinely, all over the the US. :lamo



no, you keep making crap up all the time.
 

katzgar

Banned
DP Veteran
Joined
Jan 2, 2016
Messages
9,517
Reaction score
1,696
Location
prairieville, LA
Gender
Male
Political Leaning
Independent
Sooo..your defence of the near-stagnation of the U.S. economy is - 'well, it's better then Europe's which is REALLY lousy'.

Okaaaaay.

That's like bringing a report card home with nothing but 'd's' and telling your parents; 'Well, I am doing a lot better then the dumb kid'.

Somehow, I don't think your parents would reply; 'Oh, well, that is different. Then well done, son'.


All the major western economies (and Japan) are following the same failed economic model - keep interest rates at or below zero and throw as much government/central bank money at the economy that they can. It's been over 8 years and still these economies are not strong enough to stand on their own feet...AND THEY NEVER WILL BE UNDER THIS POLICY; I (and others) said that years ago.

These policies are FAILING...miserably.

And all you have to say is 'well, at least we are doing better then the dumb kid'.


Oh, and some news for you...these failed policies are what is accelerating the income disparity as the rich are getting richer, the poor are growing in numbers and the middle class is shrinking. It's been over 8 years with this policy...that is long enough to show that it is FAILED and IT is causing the misery.

Food stamp usage is over 40 million in America, housing ownership rates are the lowest they have been since the 60's and the M2 money velocity is the LOWEST ON RECORD and still falling (which means people are not spending) and yet the stock market is hitting new record highs.

united-states-home-ownership-rate.png


United States Home Ownership Rate | 1965-2016 | Data | Chart | Calendar

Food-Stamps-Monthly.jpg


Food Stamps Charts | Matt Trivisonno's Blog

https://fred.stlouisfed.org/series/M2V


It's right in front of your face - and yet still you refuse to look at the plain facts...the economy is stagnating and the cause is too low interest rates and cheap money being dumped on everyone who is rich.


And once again, I despise both parties...I have zero political agenda.


you cherry pick facts just so you can hate america,
 

katzgar

Banned
DP Veteran
Joined
Jan 2, 2016
Messages
9,517
Reaction score
1,696
Location
prairieville, LA
Gender
Male
Political Leaning
Independent
Sooo..your defence of the near-stagnation of the U.S. economy is - 'well, it's better then Europe's which is REALLY lousy'.

Okaaaaay.

That's like bringing a report card home with nothing but 'd's' and telling your parents; 'Well, I am doing a lot better then the dumb kid'.

Somehow, I don't think your parents would reply; 'Oh, well, that is different. Then well done, son'.


All the major western economies (and Japan) are following the same failed economic model - keep interest rates at or below zero and throw as much government/central bank money at the economy that they can. It's been over 8 years and still these economies are not strong enough to stand on their own feet...AND THEY NEVER WILL BE UNDER THIS POLICY; I (and others) said that years ago.

These policies are FAILING...miserably.

And all you have to say is 'well, at least we are doing better then the dumb kid'.


Oh, and some news for you...these failed policies are what is accelerating the income disparity as the rich are getting richer, the poor are growing in numbers and the middle class is shrinking. It's been over 8 years with this policy...that is long enough to show that it is FAILED and IT is causing the misery.

Food stamp usage is over 40 million in America, housing ownership rates are the lowest they have been since the 60's and the M2 money velocity is the LOWEST ON RECORD and still falling (which means people are not spending) and yet the stock market is hitting new record highs.

united-states-home-ownership-rate.png


United States Home Ownership Rate | 1965-2016 | Data | Chart | Calendar

Food-Stamps-Monthly.jpg


Food Stamps Charts | Matt Trivisonno's Blog

https://fred.stlouisfed.org/series/M2V


It's right in front of your face - and yet still you refuse to look at the plain facts...the economy is stagnating and the cause is too low interest rates and cheap money being dumped on everyone who is rich.


And once again, I despise both parties...I have zero political agenda.


when you use crap right wing propaganda graphs you obviously have an agenda. your post is dishonest.
 

SenorXm/Sirius

DP Veteran
Joined
Feb 23, 2015
Messages
16,601
Reaction score
12,433
Location
New York State, USA
Gender
Male
Political Leaning
Slightly Liberal
It is funny how these Trump supporters who say they hate both parties, and say they hate the establishment GOP as much as the Dems only go after and daily attack Obama(who isn't even running in Nov.) and attack the Dems. They never start threads criticizing the GOP, or the GOP failed policies. Actually they still defend those tire old failed establishment GOP policies.

Not only are most Trump supporters less educated, they're also liars.
 

Fletch

DP Veteran
Joined
Feb 7, 2012
Messages
41,153
Reaction score
18,398
Location
Mentor Ohio
Gender
Male
Political Leaning
Libertarian
It is funny how these Trump supporters who say they hate both parties, and say they hate the establishment GOP as much as the Dems only go after and daily attack Obama(who isn't even running in Nov.) and attack the Dems. They never start threads criticizing the GOP, or the GOP failed policies. Actually they still defend those tire old failed establishment GOP policies.

Not only are most Trump supporters less educated, they're also liars.

So, liberals are educated liars, then? Is that your point? And let me help you through your confusion here. A Trump supporter who is a conservative who has grown tired of the establishment, is still a conservative, and likely still supports a basic conservative agenda. So why would they attack it? They wouldn't. And if you were to pose as an objective critic for a moment, you would see Sanders supporters do exactly the same thing your narrow vision only allows you to see Trump supporters as doing. Hope that help.
 

ocean515

DP Veteran
Joined
Jan 26, 2013
Messages
36,760
Reaction score
15,464
Location
Southern California
Gender
Male
Political Leaning
Other
The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.



Why inequality is an economic problem | New Economics Foundation


Well gee, I would expect a radical left Progressive "think tank" like the "New Economics Foundation" to send out dog whistles like this one. It's the rich, it's the rich, it's the rich.

Must have more government, must have income correction, must have CONTROL. Any wonder why the ubber left Oak Foundation is the number one source of funding for NEF?

Who funds us | New Economics Foundation
 

SHOOTER

Banned
Joined
Feb 21, 2016
Messages
536
Reaction score
51
Location
LOUISIANA
Gender
Undisclosed
Political Leaning
Independent
The U.S. had the fastest recovery in the free world and GDP growth is still exceeding Europe which is teetering on recession. Many economists beleive that worldwide growth has slowed because of income inequality. That's why we are raising taxes on the top earners and using the money to fix our bridges, schools. roads and mass transit systems creating good paying jobs in the process. The "job creators" have failed us and we need to take matters in our own hands for a change.



Why inequality is an economic problem | New Economics Foundation

1.2% growth last quarter ,19 trillion dollar debt heading to 21 trillion,are you kidding me ,Barack Obama will be lucky to average a 1.55% GDP growth rate,i am still laughing.
you must live on planet obama too.


run don run
 

katzgar

Banned
DP Veteran
Joined
Jan 2, 2016
Messages
9,517
Reaction score
1,696
Location
prairieville, LA
Gender
Male
Political Leaning
Independent
So, liberals are educated liars, then? Is that your point? And let me help you through your confusion here. A Trump supporter who is a conservative who has grown tired of the establishment, is still a conservative, and likely still supports a basic conservative agenda. So why would they attack it? They wouldn't. And if you were to pose as an objective critic for a moment, you would see Sanders supporters do exactly the same thing your narrow vision only allows you to see Trump supporters as doing. Hope that help.


trump supporters support hillary and are part of the problem. https://www.youtube.com/watch?v=N5A02pNcGHs
 

SenorXm/Sirius

DP Veteran
Joined
Feb 23, 2015
Messages
16,601
Reaction score
12,433
Location
New York State, USA
Gender
Male
Political Leaning
Slightly Liberal
So, liberals are educated liars, then? Is that your point? And let me help you through your confusion here. A Trump supporter who is a conservative who has grown tired of the establishment, is still a conservative, and likely still supports a basic conservative agenda. So why would they attack it? They wouldn't. And if you were to pose as an objective critic for a moment, you would see Sanders supporters do exactly the same thing your narrow vision only allows you to see Trump supporters as doing. Hope that help.

Trump supporters support the basic 'conservative agenda', yet they are supporting Trump? You're the one who is confused.
 
Top Bottom