Trump's 'huge lie' shows 'he’s taking everyone for an idiot': analysis

[Hawaiian]

14 hours ago, Walker88 said:

As I have written many times, the Biden economy has been the best since the late 1990s. Incredible growth, especially relative to the rest of the developed world. Wealth has never accumulated faster in those with the ability to participate. The whole world also suffered inflation, but only the US has knocked it back down to 2.8%....and that without causing a Recession. Amazing!

 

The caveat is that to enjoy the booming Biden economy, one had to have marketable skills and talents. Not everyone has those, and most of 47's cult is both poorly educated and has no marketable talents. The world has left them behind.

 

I wonder what his supporters here think he can do to make silk purses out of sow's ears? What are his specific plans to bring prosperity to those the world no longer needs? Maybe he doesn't even have the 'concept of a plan'.

 

How disappointed will his cult be when nothing changes for them? Maybe he will blame it all on Biden, as accepting personal responsibility for anything has never been part of his character.

 

The problem of obviated labor in a technological modern word isn't going to go away with a vote. Useless is useless. Redundant is redundant.

 

Actually, I doubt 47 cares in the least. He got all he needed from his loser cult, and that is their vote. They are no longer of any use to him, so even if he could do something for them (he cannot), he won't.

Accumulation of wealth by a limited few doesn't help the majority of Americans.  An indication of this is is record high credit card debt.  Sounds like Reagan's trickle down theory at work.

Since I have been able to take advantage in the appreciation of my investments this is not a personal complaint, but an observation of who is really benefiting from this good economy? Certainly not both Trump and Biden supporters.

Edited 6 hours ago by Hawaiian

[Yagoda]

1 hour ago, Walker88 said:

That's one solution, I guess. Neutering them so they don't pass on their gene pool is another.

 

Edited to remove the hate ridden screed

88. Onward to your type of Socialism, complete with Final Solutions.

[nauseus]

4 hours ago, simple1 said:

 

Provide credible link to support your opinion. Plus take up you complaint with the author of the article

 

 

Here ya go....

 

https://www.statista.com/chart/32428/inflation-and-wage-growth-in-the-united-states/

[nauseus]

4 hours ago, Walker88 said:

That's one solution, I guess. Neutering them so they don't pass on their gene pool is another.

 

Seriously, what I write is a harsh reality for which there is unlikely to be any solution, and I know 47 does not have one.

 

The human race has entered an era where Darwinian Capitalism rules: the fittest survive and prosper.

 

There have been a few periods like this in human history, with varying 'solutions'. The age of serfdom ended when the Bubonic Plague wiped out 25%+ of Europe, putting labor in short supply. Sometimes the 'solution' is war, because governments try to divert attention from domestic problems by manufacturing an external enemy. WWI was kind of like that. One type of labor was obviated when the McCormick Combine was invented, a device that could do in a day what it took 50 farm workers two weeks to do. Fortunately, displaced agricultural labor had the factories of the Industrial Revolution to absorb them.

 

Tell me where unskilled labor goes today, when technology and AI continue to replace human labor? I have no idea. Neither does 47. Maybe we're all just going to paint each other's fingernails and cut each other's hair?

 

Others see this harsh and intractable reality, and have proposed measures like a guaranteed income. Two problems with that: one is every nation is already wildly indebted, so where is this money going to come from to provide obviated labor with income? The second problem is that work gives many people their major source of personal "meaning". If an increasing percentage of folks have nothing to do but sit around collecting their guaranteed income, what effect will that have on their mental well-being?

 

Let me add one more problem: the world is awash in capacity. China added more steel production capability in the last fifteen years than existed until 15 years ago. Where is the market for all that steel? Since much of these new factories use lots of automation, what is the labor component relative to steel factories of a hundred years ago? The world also has excess capacity in cars, TV and electronics, aircraft....almost everything. We also have excess capacity in weapons of war, but we have the occasional war as a 'solution' to that problem.

 

I am of the view the reason people like 47 get elected is because they offer false hope to people who have lost hope. The trouble is, NOBODY has a solution. 47 is both cynical and transactional, as well as totally self-centered; he offered pie-in-the-sky fantasy to the forlorn, while lacking even the 'concept of a plan', and did that solely to get their votes. He got what he wanted. Now he wants to do what...enact massive tariffs? That will just add more pain to those already hurting.

 

My view is not elitist. It is simply the reality the world faces. AI is just going to exacerbate the problem. Adding massively to debt has been the solution for the last few decades, and that worked as long as everybody suspended their disbelief and pretends sovereign debt will at least be serviced. Nobody thinks sovereign debt will ever be repaid, but so long as it can be serviced, we can continue to suspend our disbelief. Greece ran into trouble a decade ago when it couldn't even service its debt. As rates rise, more nations will suffer the same problem. In the US, each 1% upward shift in the Yield Curve adds another $350 billion to each year's deficit. What happens when the 'guaranteed income' scheme adds even more to the deficit? Money printing and wild inflation, or a sharp rise in rates, neither of which have pleasant outcomes.

 

47's new sidekick Elon Musk has stated that Americans are going to have to suffer. That's some tough love, but I cannot think of an alternative.

 

Obviously you don't like my take on reality. Perhaps you have a solution? If you do, get 47 on the phone, because he certainly doesn't have a solution.

 

Tech and AI have given birth to an unprecedented time in human history, worse than the age of serfdom. Maybe one reason why birth and fertility rates are falling everywhere (this year it's .69 in South Korea, and even in Thailand it's below 1.5) is that is a natural way of doing something about the problem of redundancy and obviated labor.

 

Again, if you have one, please let us all know your solution.

 

Well, I asked first. Is your culling/neutering/plague plan your best offer?

 

And if there is so much surplus labor, why were Biden/Harris encouraging extra millions of migrants into the US?

[Hawaiian]

5 hours ago, Walker88 said:

That's one solution, I guess. Neutering them so they don't pass on their gene pool is another.

 

Seriously, what I write is a harsh reality for which there is unlikely to be any solution, and I know 47 does not have one.

 

The human race has entered an era where Darwinian Capitalism rules: the fittest survive and prosper.

 

There have been a few periods like this in human history, with varying 'solutions'. The age of serfdom ended when the Bubonic Plague wiped out 25%+ of Europe, putting labor in short supply. Sometimes the 'solution' is war, because governments try to divert attention from domestic problems by manufacturing an external enemy. WWI was kind of like that. One type of labor was obviated when the McCormick Combine was invented, a device that could do in a day what it took 50 farm workers two weeks to do. Fortunately, displaced agricultural labor had the factories of the Industrial Revolution to absorb them.

 

Tell me where unskilled labor goes today, when technology and AI continue to replace human labor? I have no idea. Neither does 47. Maybe we're all just going to paint each other's fingernails and cut each other's hair?

 

Others see this harsh and intractable reality, and have proposed measures like a guaranteed income. Two problems with that: one is every nation is already wildly indebted, so where is this money going to come from to provide obviated labor with income? The second problem is that work gives many people their major source of personal "meaning". If an increasing percentage of folks have nothing to do but sit around collecting their guaranteed income, what effect will that have on their mental well-being?

 

Let me add one more problem: the world is awash in capacity. China added more steel production capability in the last fifteen years than existed until 15 years ago. Where is the market for all that steel? Since much of these new factories use lots of automation, what is the labor component relative to steel factories of a hundred years ago? The world also has excess capacity in cars, TV and electronics, aircraft....almost everything. We also have excess capacity in weapons of war, but we have the occasional war as a 'solution' to that problem.

 

I am of the view the reason people like 47 get elected is because they offer false hope to people who have lost hope. The trouble is, NOBODY has a solution. 47 is both cynical and transactional, as well as totally self-centered; he offered pie-in-the-sky fantasy to the forlorn, while lacking even the 'concept of a plan', and did that solely to get their votes. He got what he wanted. Now he wants to do what...enact massive tariffs? That will just add more pain to those already hurting.

 

My view is not elitist. It is simply the reality the world faces. AI is just going to exacerbate the problem. Adding massively to debt has been the solution for the last few decades, and that worked as long as everybody suspended their disbelief and pretends sovereign debt will at least be serviced. Nobody thinks sovereign debt will ever be repaid, but so long as it can be serviced, we can continue to suspend our disbelief. Greece ran into trouble a decade ago when it couldn't even service its debt. As rates rise, more nations will suffer the same problem. In the US, each 1% upward shift in the Yield Curve adds another $350 billion to each year's deficit. What happens when the 'guaranteed income' scheme adds even more to the deficit? Money printing and wild inflation, or a sharp rise in rates, neither of which have pleasant outcomes.

 

47's new sidekick Elon Musk has stated that Americans are going to have to suffer. That's some tough love, but I cannot think of an alternative.

 

Obviously you don't like my take on reality. Perhaps you have a solution? If you do, get 47 on the phone, because he certainly doesn't have a solution.

 

Tech and AI have given birth to an unprecedented time in human history, worse than the age of serfdom. Maybe one reason why birth and fertility rates are falling everywhere (this year it's .69 in South Korea, and even in Thailand it's below 1.5) is that is a natural way of doing something about the problem of redundancy and obviated labor.

 

Again, if you have one, please let us all know your solution.

A good take on the what the world faces today.  AI will eliminate millions of jobs, especially for those with limited educations.  And free lunches for the jobless are not free.

I have no solution to offer, but in the past nature has culled overpopulation by war and pestilence.  We will pay a hefty price for the overuse of antibiotics and a nuclear war is always a scary possibility.

As far Trump making impossible promises, nothing new.  He just happens to good salesman.

Edited 2 hours ago by Hawaiian

[simple1]

1 hour ago, nauseus said:

 

 

Here ya go....

 

https://www.statista.com/chart/32428/inflation-and-wage-growth-in-the-united-states/

 

Prefer someone like Forbes. There is a lot of toing and froing, I agree with....

 

Voters usually punish presidents when the economy is poor and reward presidents when the economy is strong, but no matter who sits in the Oval Office, their actual power over economic conditions is limited. The pandemic-era recession and post-pandemic inflation binge were both worldwide phenomena. And while both Biden and Trump have touted lower gas prices at various points, the price often has more to do with supply and demand than government policy. Most importantly, the real kingpin of economic growth and inflation arguably isn't the president—it's the Federal Reserve chair.

 

https://www.forbes.com/sites/dereksaul/2024/11/01/how-the-economy-really-fared-under-bidenharris-and-trump-from-jobs-to-inflation-final-update/

[mogandave]

11 minutes ago, simple1 said:

 

Prefer someone like Forbes. There is a lot of toing and froing, I agree with....

 

Voters usually punish presidents when the economy is poor and reward presidents when the economy is strong, but no matter who sits in the Oval Office, their actual power over economic conditions is limited. The pandemic-era recession and post-pandemic inflation binge were both worldwide phenomena. And while both Biden and Trump have touted lower gas prices at various points, the price often has more to do with supply and demand than government policy. Most importantly, the real kingpin of economic growth and inflation arguably isn't the president—it's the Federal Reserve chair.

 

https://www.forbes.com/sites/dereksaul/2024/11/01/how-the-economy-really-fared-under-bidenharris-and-trump-from-jobs-to-inflation-final-update/

So when Biden was taking credit for a “great” economy, and Harris was promising an even better economy, they were both lying, yes?

[nauseus]

20 minutes ago, simple1 said:

 

Prefer someone like Forbes. There is a lot of toing and froing, I agree with....

 

Voters usually punish presidents when the economy is poor and reward presidents when the economy is strong, but no matter who sits in the Oval Office, their actual power over economic conditions is limited. The pandemic-era recession and post-pandemic inflation binge were both worldwide phenomena. And while both Biden and Trump have touted lower gas prices at various points, the price often has more to do with supply and demand than government policy. Most importantly, the real kingpin of economic growth and inflation arguably isn't the president—it's the Federal Reserve chair.

 

https://www.forbes.com/sites/dereksaul/2024/11/01/how-the-economy-really-fared-under-bidenharris-and-trump-from-jobs-to-inflation-final-update/

 

And you talk about toing and froing.