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Thread: People Get Ready there's a Train a-Coming....Jan 20th....

  1. #11
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    Quote Originally Posted by Kanaan View Post
    it's been nothing but great news for us here in canada (except maybe, if you are a liberal).

    i applaud the trump adminstration for all their great decisions so far, in particular, the pipelines.

    make america great again. hopefully by doing that, canada will also become great again. it certainly isnt great with the repulsive self boy, trudeau.
    Well then, Kanaan, you should also be thankful that the Liberals, who you've denigrated here, are also welcoming the pipelines! And you should also be thankful that GM, in Canada, is now shutting down a production line and moving 600 jobs to Mexico.

    I have never liked the FTA or NAFTA and welcome the cancellation of TPP but this prick is going to cost Canada dearly. So you go ahead with your praise and when it threatens your job or a family member's job maybe we'll all feel a little sorry for you.
    "No need to say more...I, for one, do not care one iota about being politically correct, I do call it as I see it without no fear, and those who get their feeling hurt by such truth I say to them:
    " GO CRY ME A RIVER" "-Beirutilibnani


    The Right To Do Something Does Not Mean It Is Right. (William Safire)

    Every piece of this is man's bullshit. They call this war a cloud over the land. But they made the weather and then they stand in the rain and say 'Shit, it's raining!'

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    Quote Originally Posted by proisrael-nonisraeli View Post
    This is classical example of trickle-down economics.
    You mean the same trickledown economics under Reagan?

    You're idol has cost Canada 600 jobs in the first week. Thanks for the trickledown!
    "No need to say more...I, for one, do not care one iota about being politically correct, I do call it as I see it without no fear, and those who get their feeling hurt by such truth I say to them:
    " GO CRY ME A RIVER" "-Beirutilibnani


    The Right To Do Something Does Not Mean It Is Right. (William Safire)

    Every piece of this is man's bullshit. They call this war a cloud over the land. But they made the weather and then they stand in the rain and say 'Shit, it's raining!'

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    Quote Originally Posted by bigwinnman View Post
    You mean the same trickledown economics under Reagan?

    You're idol has cost Canada 600 jobs in the first week. Thanks for the trickledown!
    First, Trump is president of USA, not of Canada.
    Second, what kind of 600 Canadian jobs were lost and why?
    Third, 600 jobs lost, 6000 other jobs are gained.

    Finally, yes, I totally buy the trickle down idea for there is no other sustainable economic idea has ever existed and does not seem as it will in foreseeable future.

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    Trump walking the walk up to now .
    ''We aren't dealing with regime change either unilaterally nor through taking part in political conspiracies'' - Russia FM Lavrov

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    Quote Originally Posted by broscoenRiad View Post
    Trump walking the walk up to now .
    Yes, everyone is surprised - not politician-like and liberals are outraged and scared even more.

    We, The USA, might even get to like electing non-professional politicians from now on, but it is too early to think about it.

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    Quote Originally Posted by bigwinnman View Post
    Well then, Kanaan, you should also be thankful that the Liberals, who you've denigrated here, are also welcoming the pipelines! And you should also be thankful that GM, in Canada, is now shutting down a production line and moving 600 jobs to Mexico.

    I have never liked the FTA or NAFTA and welcome the cancellation of TPP but this prick is going to cost Canada dearly. So you go ahead with your praise and when it threatens your job or a family member's job maybe we'll all feel a little sorry for you.
    My job is already under threat if it wasn't for our provincial leadership who rejected the Liberal and NDP plans to shut down our mining industry.

    However I do brace for losing my job as always, even though I have two and I am prepared to shift to a completely different industry as my profession is versatile.

    No jobs from GM will be sent to Mexico from USA anymore. FYi my relatives worked at GM and Chrysler in Windsor and were laid off many years ago.

    I dont' believe Trudeau is a cheerleader for pipelines. He is ideologically against them. If it were not for Mr Trump, I don't think we would have seen progress.

    No idea what you talk about "Regan," or whoever.

    If Trudeau or Mr Wynne had any form of backbone, they would talk like Trump and defend those jobs.

    But they wont'

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    Quote Originally Posted by Kanaan View Post
    My job is already under threat if it wasn't for our provincial leadership who rejected the Liberal and NDP plans to shut down our mining industry.

    However I do brace for losing my job as always, even though I have two and I am prepared to shift to a completely different industry as my profession is versatile.

    No jobs from GM will be sent to Mexico from USA anymore. FYi my relatives worked at GM and Chrysler in Windsor and were laid off many years ago.

    I dont' believe Trudeau is a cheerleader for pipelines. He is ideologically against them. If it were not for Mr Trump, I don't think we would have seen progress.

    No idea what you talk about "Regan," or whoever.

    If Trudeau or Mr Wynne had any form of backbone, they would talk like Trump and defend those jobs.

    But they wont'
    It was in response to my mentioning of trickle down economics.
    Last edited by proisrael-nonisraeli; 29-01-2017 at 08:07 AM.

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    Quote Originally Posted by proisrael-nonisraeli View Post
    It was in response to my mentioning of trickle down economics.
    trudeau is a globalist and i doubt he is worried about canadian jobs going to mexico, they are his ally. he even lifted the visa to allow bandits from mexico into our nation, freely.

    anyways im banking on the energy and mining stocks coming back, i've had enough of being a working man.

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    Quote Originally Posted by proisrael-nonisraeli View Post
    First, Trump is president of USA, not of Canada.
    Second, what kind of 600 Canadian jobs were lost and why?
    Third, 600 jobs lost, 6000 other jobs are gained.

    Finally, yes, I totally buy the trickle down idea for there is no other sustainable economic idea has ever existed and does not seem as it will in foreseeable future.
    First off, Canada is America's biggest trading partner. Our economies are intertwined.

    Second, GM (General Motors) when I said production line what kind of jobs did you think I was referring to?

    Third, estimates for long term employment after the pipeline is built is approximately 50 for maintenance.

    Column: How Reaganomics, deregulation and bailouts led to the rise of Trump



    BY JOHN KOMLOS April 25, 2016 at 11:54 AM EST
    Donald Trump claims he’s inspiring “millions” of new voters. Whether or not he’s the reason, the numbers are clear: Republican turnout is up 58 percent so far this year compared to this point in the 2012 primaries. Photo by Sam Mircovich/Reuters

    The media is inundated with pundits analyzing the unexpected rise of demagoguery in the primaries. I would like to add my own: the establishment’s utter loss of credibility. Abraham Lincoln’s warning, “you cannot fool all of the people all of the time,” has now come back to haunt them with a vengeance.
    It took Everyman on Main Street some time to figure out that they’ve been had and finally revolt — 35 years to be more precise. There has been no shortage of big promises since Reagan’s “It’s Morning again in America,” but in the end, they all left the middle class staring into thin wallets while their manipulators were living high on the hog. The failed big ideas began with Reaganomics. The stimulating effect of its tax cuts was supposed to “trickle down” to the masses, but the flow had the viscosity of molasses and stuck with the ultrarich.
    READ MORE: Why economic anxiety is driving working class voters to ‘Trumpism’
    Under Reaganomics, the ultrarich had their taxes cut sharply — by about half. A millionaire who was paying $700,000 in taxes in the 1970s saw her taxes cut to $350,000 in the 1980s. But what was he or she going to do with the $350,000 windfall? Some spent it on conspicuous consumption, but many decided to fund think tanks and hire economists to support their ideology, while others used the windfall to influence politicians and shape laws. And so the tax cuts became a vicious circle in which wealth begot more wealth and still more influence.
    The stimulating effect of its tax cuts was supposed to “trickle down” to the masses, but the flow had the viscosity of molasses and stuck with the ultrarich.
    Then came North Atlantic Free Trade Association, initiated by President George H. W. Bush and eventually signed into law by President Bill Clinton. Clinton promised that NAFTA would “promote more growth, more equality… and create 200,000 jobs in this country by 1995 alone.” Of course, he failed to mention how many hundreds of thousands of jobs would be destroyed at the same time, but few noticed such nuances at the time. (It’s worth noting that his economic team was headed by Bob Rubin, CEO of investment mega-bank Goldman Sachs.) Together with globalization and the opening up of China, NAFTA devastated the U.S. manufacturing sector and the middle class with it. And the treaty has a long reach: just last month, air conditioning manufacturer Carrier announced that it will move 1,500 jobs to Mexico to its employees’ bitter disappointment.
    Deregulation of the financial sector was yet another big idea that was supposed to be good for Americans, and it was — for the elite. Begun in earnest by Reagan, the process was continued under Clinton who declared many of the FDR-era laws “antiquated.” He abolished the Glass-Steagall Act, which kept commercial banks from speculating on Wall Street with other people’s money. The act was supposed to be a “major achievement that will benefit American consumers, communities and businesses of all sizes.” With amazing shortsightedness, Clinton declared at the signing ceremony that we’re “modernizing the financial services industry, tearing down these antiquated walls.”
    Deregulation was in full swing — always framed as modernization or in the name of efficiency. The prohibition on interstate banking was also removed, allowing for the creation of “too big to fail” banks. In 2000, Congress passed the Commodity Futures Modernization Act, which prohibited the regulation of credit default swaps. The elite forgot, however, that short-term efficiency can turn into long-term disaster when the risks in the economic system accumulate. And so we were inching toward the Meltdown of 2008, which wrought havoc among so many members of the middle class.
    READ MORE: Does business have an incentive to address inequality? Absolutely
    Bush Jr.’s policies were in a similar spirit. He lowered taxes to the benefit of the 1 percent and closed his eyes to the brewing crisis. When the Meltdown came, the establishment offered trillions of dollars in support of the big banks and its CEOs. Jamie Dimon, CEO of J.P. Morgan Chase, for instance, earned some $17 million in 2009 while the whole financial sector was being propped up at Uncle Sam’s largesse.
    In stark contrast, Main Street received a pittance — an extension of unemployment benefits to 99 weeks. Millions lost jobs, were evicted, had to take low-paying jobs or work two jobs in the gig economy. In short, the bailout exacerbated income inequality and continued the hollowing out of the middle class.
    As the recession sharpened, Obama entered into office with big promises of change, but he essentially continued many of the policies of his predecessor. He appointed Tim Geithner, a former Bush Jr. appointee, to be Secretary of the Treasury. Geithner now earns an estimated $5 million salary on Wall Street.
    With the Federal Reserve, Obama continued to provide a generous backstop to Wall Street with the well-known TARP program. Through the TARP program, the Treasury purchased assets and equity from troubled financial institutions in an attempt to strengthen the financial sector. It wasn’t until Bloomberg LP sued the Federal Reserve that the details of the bailout were made public. The secret loans and guarantees, amounting to trillions of dollars, were meant to get the economy going again, but meanwhile, the middle class had to wait for the unemployment checks or apply for Social Security disability payments.
    The graph below shows this development vividly. Each bar on the left represents the post-tax (inflation-adjusted) income, including transfers such as food stamps and unemployment checks, of one-fifth of the 120 million households. Each bar represents 24 million households or roughly 64 million people. The graph shows clearly that the top fifth experienced the greatest and only meaningful increase in income during this time span. A tiny bit did trickle down to the fourth quintile — the upper middle class. But an income growth of 0.5 percent per annum, which amounted to a gain of some $300 per annum, was hardly noticeable.

    The poorest 20 percent of the population (the first bar) continued to receive food stamps, but with an average annual income of $18,000 a year, they had nothing but discontent.
    The two middle-class groups of the second and third quintile grew the least — their income growth is hardly distinguishable from zero. In fact, the third quintile (41 to 60 percent) gained a mere $32 per annum during the 32 years under consideration.
    While the hollowing out of the middle class is evident on the left side of the graph, the right side of the graph breaks down the growth rates of income for the top 20 percent into four groups. Here, it becomes clear that the top 1 percent was the primary beneficiary of economic growth. Perhaps some of the growth did trickle down, but not much beyond the other members of the top 20 percent.
    READ MORE: Large CEO-worker wage gaps are a major consumer turnoff
    The anger that fuels Trump’s candidacy runs deeper than this graph indicates. Relative income matters, and the utter unfair bailouts of 2008 rescued the 1 percent. It is one thing not to be able to afford an iPhone if no one else has an iPhone, but it’s an entirely different feeling if the super rich flaunt not only their latest model, but their designer handbags, private jets, yachts and the other accoutrements of conspicuous consumption. Envy turns into desperation if you’re anxious about your job security, behind on credit card payments, drowning in student-loan debt or paying overdraft fees all while working part time or in the gig economy. Hence, I think that the graph below is a more accurate reflection of the welfare of the five income groups. Psychologists have shown that how we feel about our life — our life satisfaction — is reference dependent: Relative deprivation matters a lot, as we compare our welfare to that of others. The graph below assumes that people use the fifth-quintile group as reference and compare their own income to that of the top group.

    In my view, this graph is the real clue to Trump’s success: the growth rate of welfare is negative for all groups except the super rich. It is as simple as that. The rest of the society was left behind for more than a generation.
    We have had a long string of very big promises from Reagan to Obama. Tax cuts, trickle-down economics, deregulation, globalization and NAFTA and bailouts all conferred tremendous financial benefits on only one group: the ultrarich. They led to the “hollowing out” of the middle class. So wealth and its concomitant, political power, became as concentrated as it was during the era of the Robber Barons at the turn of the 20th century.
    So why Trump? Trump promises to bring back jobs that were lost to China and Mexico. He promises to make America — the middle class — great. He uses minorities as scapegoats — a standard strategy for demagogues to attract the support of those who have lost status and are anxious about the future. He vilifies women, perhaps in an attempt to appeal to those men who have lost out to women in the workplace.
    READ MORE: The biggest scam bankrupting business and the middle class
    And he is rich, which many take to mean he is successful in business. Why should he not be successful in helping them regain the glories of the past? This appeals to the anxious multitude who have lost income and status and respect and are struggling to keep afloat. Bigotry, prejudice, sexism, racism — all this matters not. Important to the disaffected Trumpists is that America and their place along with it will be resurrected to its former glory when incomes were decent, they were not swimming in debt, and women and minorities knew their place in society.
    The establishment was good at making big promises, but in the end, they left few crumbs on the table for the middle class. But still the establishment is surprised by the middle class’ anger, by Trumps appeal. This is a generalizable rule: elites are endangered by excessive greed. And being out of touch to the last minute is not uncommon at all. Hosni Mubarek was surprised by the Arab Spring. And prior to his execution, Louis XVI proclaimed that he “always acted from my love of the people.”





    http://www.pbs.org/newshour/making-s...ise-of-trump/#
    "No need to say more...I, for one, do not care one iota about being politically correct, I do call it as I see it without no fear, and those who get their feeling hurt by such truth I say to them:
    " GO CRY ME A RIVER" "-Beirutilibnani


    The Right To Do Something Does Not Mean It Is Right. (William Safire)

    Every piece of this is man's bullshit. They call this war a cloud over the land. But they made the weather and then they stand in the rain and say 'Shit, it's raining!'

  10. #20
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    Quote Originally Posted by Kanaan View Post
    My job is already under threat if it wasn't for our provincial leadership who rejected the Liberal and NDP plans to shut down our mining industry.

    Because I know where you are employed I understand this position but you also know that the trend is to greener options.

    However I do brace for losing my job as always, even though I have two and I am prepared to shift to a completely different industry as my profession is versatile.

    No jobs from GM will be sent to Mexico from USA anymore. FYi my relatives worked at GM and Chrysler in Windsor and were laid off many years ago.

    You think I don't know the effects of the FTA and NAFTA on Canadian jobs? It doesn't surprise me at all that you had family lose their jobs to the south, and by south I mean America, when these agreements came into effect.

    I dont' believe Trudeau is a cheerleader for pipelines. He is ideologically against them. If it were not for Mr Trump, I don't think we would have seen progress.

    You know my position on Trudeau, so I don't need to answer this.

    No idea what you talk about "Regan," or whoever.

    If Trudeau or Mr Wynne had any form of backbone, they would talk like Trump and defend those jobs.

    But they wont'
    I have to answer this point by point within the quote.
    "No need to say more...I, for one, do not care one iota about being politically correct, I do call it as I see it without no fear, and those who get their feeling hurt by such truth I say to them:
    " GO CRY ME A RIVER" "-Beirutilibnani


    The Right To Do Something Does Not Mean It Is Right. (William Safire)

    Every piece of this is man's bullshit. They call this war a cloud over the land. But they made the weather and then they stand in the rain and say 'Shit, it's raining!'

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