US Politics Thread 2021-24

[Skybird]

The brains of the people responsible for CNN must have had a total breakdown. What were they thinking? Have they learned nothing from the past?


https://www-faz-net.translate.goog/a...pp#pageIndex_3


https://edition.cnn.com/2023/05/11/m...ces/index.html

[August]

Originally Posted by Onkel Neal

Got a feeling this impeachment is gonna stick.

One can hope.

[MaDef]

Originally Posted by Skybird

The brains of the people responsible for CNN must have had a total breakdown. What were they thinking? Have they learned nothing from the past?

They were looking for a ratings boost. They average 122,000 viewers per night in that timeslot, Trumps town hall brought in 3,000,000 +.

[Gorpet]

It's time to have another war for the Elites and their families again. After all these SOB's that we elected are now fighting amongst themselves around the planet for control so they can have their new world order by 2030. I don't know about you. But these people i have had a belly full of. What have they given us for 50 years ? Nothing but war I'm tired of this ****,Now they have brought us to what Nuclear war,. So they can hide out in their fucllin bunkers underground. And they and their families can pop up what 25 years after we and our families are all dead? And what start all over again with who knows what will come up from their bunkers. What will they look like ? After all those years ?

I say let's melt this planet. And where the hell is Greta Thunberg, I and the whole world watched as she stood up in front of all of these warmongers and said all you do and say is blah,blah,blah. Greta Tunberg if only she would come out of her million dollar bunker.She could be the next Joan of Ark for mother earth. But where is Greta? Look the US destroyed the Nord Stream pipe line has anyone caped that gas? Or is it still bubbling up and destroying the our atmosphere ? By millions of gallon's a day and killing all the fish and sea life for hundreds of miles? I think the Germans should be held accountable, Why? the pipeline benefited them and they were the spigot to Europe. Now if NATO with all of it's brain power and we are talking about some serious Brain Power here.Cant find out who destroyed Nord ? After all these same people are now, these same intellectuals who are are now killing thousands of people, In Ukraine for their agenda, but they will never smell the intestines of their friends or their neighbors Will they ?

[Skybird]

Originally Posted by MaDef

They were looking for a ratings boost. They average 122,000 viewers per night in that timeslot, Trumps town hall brought in 3,000,000 +.

And international and as far as I can see national media as well have given them a full broadside of degrading criticism. I saw some of it and must say that CNN doll was shreddered by Trump.


You cant contain this Trump thing with rational and reasonable argument and conversation rules, he will take them and ram them deep into your jaw.

[August]

Originally Posted by Gorpet

In Ukraine for their agenda, but they will never smell the intestines of their friends or their neighbors Will they ?

Neither will you.

[Rockstar]

What happened to the 100 billion dollar surplus? Where did it go?

[MaDef]

Originally Posted by Rockstar

What happened to the 100 billion dollar surplus? Where did it go?

Reparations?

[Rockstar]

Nope, from what I’ve read the reparations idea has been shot down in flames. It’s probably from having to pay for all the health care of the immigrants Biden is busing to sanctuary cities.

[Otto Harkaman]

Paid the cost of the new embassy in Lebanon

https://www.cnn.com/2023/05/12/middl...ntl/index.html

‘Let them eat concrete’: Massive new US embassy complex in Lebanon draws ire of netizens
https://www.wionews.com/world/let-th...etizens-591923

Massive US embassy compound in Lebanon goes viral, sparks conspiracy theories
https://www.jpost.com/middle-east/article-742238

[Rockstar]

Nothing to see here folks

Not a recession

Bankruptcies Are Up 216% and We Aren't Even Halfway Through 2023
Chilling new data from the S&P shows corporate bankruptcy is soaring, yet the U.S. is not technically in a recession.

JENA GREENE13 HOURS AGO

https://www.thestreet.com/investing/...y-through-2023

Before the 2008 financial crisis, the U.S. led the world in economic growth. It accounted for over 1/3 of total global consumption growth. In mid-2007, U.S. household wealth hit a peak of $61.4 trillion. The average home value appreciated 124% between 1997-2006.

Overinflated confidence, consumption, and value went largely unchecked. Growth became the status quo. Though few regulators and investors noticed as it was happening, those who study history look back and see the early 2000s as a classic economic bubble, made worse by shoddy loans and deregulated banking.

The real pain, of course, was felt after the initial collapse. U.S. household wealth fell $11 trillion in 2009 and unemployment peaked at 11% in October of that same year. Shockwaves affected minorities disproportionately and radiated around the world.

Greece spiraled into an insurmountable deficit between 2009-11. In 2015, the ACLU found that white homeowners recovered quicker than their black counterparts following the housing crisis, further widening the wealth and opportunity gap.

Which brings us to our second economic crisis in the post covid world.

Bankruptcies Are Up Big

The most recent S&P data show 2023 corporate bankruptcies rising at an alarming clip. Data show 236 bankruptcies were recorded through the end of April 2023 (109 had been recorded over the same time period last year). UBS also found in a recent study that bankruptcies worth $10 million or more had a rolling average of about 8 per week.

Researcher and economist Peter St Onge boiled the situation down in a video, blaming the problem on one key facet.

"Simple. Banks aren't lending," St Onge said.

Banks are battening down the hatches, hogging their bailout money instead of lending it out," he continued, adding small business surveys reveal the biggest deterioration in lending since the 2008 crisis.

"That credit crunch means not only do we get bankruptcies like in any recession, on top of that we get a lending wall that cuts off even the healthy businesses. Of course their jobs go down with them."

"Major banks are now setting aside loss reserves," he added. "So Citi double theirs, Morgan Stanley quadrupled the money they set aside to cover failed loans."

But We Aren't Even in a Recession

It's worth noting, as St Onge points out, that the U.S. isn't technically in a recession.

A recession is defined as two consecutive quarters of declining GDP growth. We had this in the first half of 2022, but Q1 of 2023 grew at an annual rate of 1.1%, breaking the trend.

"Keep in mind all of this is before the recession officially begins," St Onge says of the corporate crunch. "We are still seeing the consumer floating the gig on credit card debt."

Some experts and researchers believe that the Fed's past easy money policy, coupled with the failing of multiple banks and extreme hesitancy by those that remain, may set up the average American consumer for a "combination credit crunch plus recession."

Yet other officials say a soft landing is still possible. Treasury Secretary Janet Yellen said on May 8 that she hopes "we will be on the good path to a so-called soft landing" despite the U.S. running up against its debt ceiling, potentially defaulting on its debt, regional bank pressure mounting, tightening lending conditions, and "some of the heat coming out of the labor market."

Yellen also mentioned a ban on short selling bank stocks, a move JP Morgan (JPM) CEO Jamie Dimon has also discussed in recent days.

[Rockstar]

New York Fed recession model indicating deepest recession since 1982 is coming …

[em2nought]

Originally Posted by Rockstar

New York Fed recession model indicating deepest recession since 1982 is coming …

We've let them play Russian Roulette with the economy so.... Mission accomplished! Let's go Brandon!

At least Jimmy Carter can go to his grave with the knowledge that he wasn't "the worst".

[Onkel Neal]

Originally Posted by Rockstar

Nope, from what I’ve read the reparations idea has been shot down in flames. It’s probably from having to pay for all the health care of the immigrants Biden is busing to sanctuary cities.

Yeah, no kidding!

[Otto Harkaman]

Durham Probe findings have been published

Special counsel says FBI didn’t have reason to launch full Trump-Russia probe
https://www.cnn.com/politics/live-ne...ort/index.html

Durham finds DOJ, FBI 'failed to uphold' mission of 'strict fidelity to the law' in Trump-Russia probe
https://www.foxnews.com/politics/dur...p-russia-probe