The Party with No Ideas

The housing start chart is a big negative. This is a huge part of the economy. That this is happening with very low interest rates is double trouble.

The yield curve inversion - while not 100% - is the viewed as one of the more reliable indicators of a recession. Banks borrow short term and lend long term - when the short term rate is higher than the long term rate - this decreases the tendency to lend = investment activity in new business and anything else that requires a loan slows down.

From a technical perspective - the Dow has now made a triple top/ quazi head and shoulders pattern.



This is the ugliest of chart patterns and technicians pay attention to this stuff. Draw a line across the three tops and this is what is known as "overhead resistance" . All the kings horses and all the kings men can not break through this wall it seems.

One of the scary factors of today's markets is all the computerized trading. These programs have automatic sell points when a stock drops a certain percentage below the moving average. In situations where things look ugly - like the above - these programs are fine tuned to sell if things start to go south - more on a hair trigger basis. This sets up a vicious cycle because as some programs start selling - the downward spike triggers other programs to sell. Many analysts have commented on this danger.

 

Ugh. Income redistribution.

Taxes are not a solution. Reduced government spending is a solution. How does giving money to government reduce carbon emissions?

What do income redistribution and punitive taxes have to do with individual choice and market prices?

Hopefully you don't include the ideas above in that.

Infrastructure should be maintained by whomever owns it.

The idea should be to spend less, not tax more.

Taxes have nothing to do with wages. Capital is not taxed so there is nothing to lower. The best way to raise wages is to increase the demand for labor. The full employment we now enjoy is raising wages. Supply and demand.

There is a pattern here. For the past 50 years virtually every sensible public policy idea that has been debated – both here and abroad – has come from the right.

The left has plenty of ideas, just not ideas that appeal to you. We conservatives view federal government as the source of problems as opposed to the solution to problems. Liberals believe good comes from government and problems arise from business. At least we conservatives are on the side of the source of wealth rather than the loss of wealth.

 

So 1 time, 1 guy almost 100 yrs ago cut spending and taxes. 1923 - 1929,
And you continuously blame the D's why?
Since history shows R's are the same, but for 1 person.

 

Reagan signs the bill to become law. Once signed, he owns it. He could have vetoed any of them.

 

Well actually after taxes that isn't quite true. But the rich are doing exceptionally well while most of the poor and middle have seen Peanuts if that. And with the Trump tarriffs Americans are paying more for goods and we won't even discuss what is happening to the farmers. But I am sure you middle class people are glad to sacrifice for " America first" whatever that actually means

 

No, it is true.

Wages are up and ...

• ALL tax brackets were cut.
• The standard deduction was doubled.
• The child tax credit was doubled.

 

Yeah right he shuts down the government till he gets something more suitable and the left howls bloody murder for a year.

 

Because until FDR we pretty much lived within our means since FDR pretty much every succeeding president not having a Gingrich lead congress has spent more than all of his predecessors combined. Oh and until 1994 the house, where spending bills are supposed to originate, was almost exclusively a Democratic Province dedicated to buying as many votes as possible with other people's money.

 

Low tax, high spending,....Which is why we now have a deficit of more than a trillion dollars.

 

Huh? What’s the right’s solution to the massive debt Trump is running up?

 

The President prepares the budget and presents it to Congress for modification or adoption.

Ronald Reagan NEVER even attempted to pass a balanced budget.

Instead, they played semantic games over ridiculously optimistic revenue projections (which Bush and Trump did as well).

The budget is not a binding document.

And Reagan chose to cut revenue, and offered only BS solution, or cuts to programs to help people to address the growing debt.

Just about the only thing that Trump (Mnuchin actually) was anywhere close to honest about was that they didn’t even bother to deploy the old trickle down, tax cut your way to surpluses that had failed so spectularly for Reagan and George W Bush.

 

It’s basic civics. Unless a veto proof majority exists (which didn’t under Reagan) he owns every single bill that becomes law, as he has to sign it.

 

Again your choice is that or shut down the damn government neither are really great choices.

 

Like Gramm-Leech-Bliley?

 

So sad. By the end of the Reagan Presidency Tax receipts had essentially doubled, had we continued what we were doing under Carter and continued spending as was done by congress under Reagan we would have been bankrupt by 1985 and lets not forget that the democratically controlled House declared virtually every budget sent forth by Reagan DOA. He consistently got about 2/3 of what he requested for defense and large increases in everything else.

 

LOL. The left does hey.
Didn't the gov't shut down more than 1X while obama was prez and R's had congress?

You're the same guy that says D's always increase gov't, and then can show 1 person in the history of the USA that didn't increase gov't. Coolidge, back in 1923 to 1929.
So spare us the D's always do this and the R's are angels.
You've proven to us and should have been to yourself. What the D's do, so do the R's.

Shoot for honesty towards yourself and recognize, R's aren't the great party you make them out to be and the D's aren't the devil you make them out to be. For 90% of the time, each party does the same thing.

 

Since FDR, out country has prospered immensely. We don't have a significant portion of the population dying and starving in the streets.
Seniors have a means of income at a time they are not able to work as much or at all.

Communities can be rebuilt if a few months to a few years after a disaster instead of many years or never.
We now even have indoor plumbing.

 

I also pointed out that between 1932 and 1994 the dems had a lock on congress and lets not forget the only two people who even ran for president on the basis limited government during all that time was Goldwater. The Reps during most of that time were only ever concerned about balancing the budget. There is a reason why Gingrich referred to Dole as the tax collector for the Great Society. And please note at no time have U ever claimed the Republicans were all angels we've got plenty of figs on our side too. Hell Bush I agreed with you on taxes, who the hell do you think coined the term voodoo economics only to be proven wrong.

 

I find that the left has way too many ideas- and all of them stink. None of them will work. I will give them credit (or blame....) for bad ideas, anyway. Watching the left is kind of like a think tank of meth addicts these days, you never know what kind of wacko idea will be up next; only that it will be trying to top the one before....

 

All involve people getting **** they don't have to pay for

 

No you didn't but carry on.
But we do have indoor plumbing now.
All those little conveniences cost something.
Most Americans will take the conveniences as opposed to crapping in the woods. Or in city world, a porta pottie.

 

Trump shut down the government. We watched it on live tv.

In the end, he still didnt’ get what he wanted.

Is your attention span that short?

 

Of course he did. And he got chewed uo by the media for it. so did Gingrich. It's never the Democrats fault, according to our left wing media

 

Dude we had in door plumbing before the Depression.

In spite of not because of the government.

 

We also had 1/3 the population.
Then we had fires on rivers that gave birth to the EPA.
We made public education a priority to make our country more educated so we could be a leader of the world.

There are many reasons why gov't has grown. Most for good. Some as pet of politicians.