DASHY wrote:
When you use the phrase "too little too late" or say that "a storm is coming" I know it is the MAGA way of admitting defeat. You have no clue about what to do. Honest, informed, educated Democrats are problem solvers.
If your MAGA understanding of complex issues comes from spending a lot of time as a kid at the beach maybe you should have spent more time in the classroom.
FYI. Your sand castle analogies fail to explain anything related to the issues we talk about. The reason interest rates were so high in the 1980s was due to high inflation. Investers like us benefited from inflation.
When you use the phrase "too little too late&... (
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I must admit finding your arguments immensely amusing. You seem to have some small talent in debate tricks, in turning and twisting my statements into a pretzel. However, I continue to be thoroughly unimpressed with your knowledge of the actual subject matter. The too little too late, the storm is coming, and the MAGA way of admitting defeat remarks are quite funny.
As far as admitting defeat, you are right. I've been admitting defeat every single time Democrats succeeded in convincing stupid old people and now stupid not so old people that Republicans Social Security reforms would screw them over, and the Democrats could make saving Social Security painless by just taxing some rich guy a tad more.
My brilliant arguments to the contrary have not convinced you so far, and I can always think up many more, but you would continue to reject them. So I think I will swing this conversation back to your inflation comment.
You seem to be defending, not the idea that inflation could not be helped under Carter and Biden. That argument, whilst not ideal, is at least plausible. I made a similar argument that the economic shutdowns and turmoil of Trump's last year in office were the result of Covid, and likely no other President could have done better, considering the limited knowledge and experience of the virus and it's consequences at the time.
I know you would disagree, but neither of us can prove the other wrong. To get back to inflation, you seem to be making the argument that high inflation under Carter and Biden was good because you and I did well with the high interest rates.
I dispute that viewpoint. Yes getting 19 % on money market funds was kinda cool, but that was a false return. With inflation running so high, real return on capital wasn't as good as it sounds. We were getting back inflated dollars.
I say that once Reagan and Paul Volcker broke the back of the inflation cycle in the early 1980s, returns in the stock markets, until Biden's inflation, were more wealth producing because inflation was no longer eroding the purchasing power of the dollars gains earned. Yes there was some inflation and yes there were some scary economic busts like 2008, but the low inflation from 1982 until 2022 was 40 years of solid wealth building.