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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

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  1. LanceyHoward

    LanceyHoward Well-Known Member

    So now Trump is President and you get the right to drop your health insurance. And then catastrophe strikes. Can you afford a couple of hundred thousand dollars of health care expenses? If not, who pays?
     
    LanceyHoward, Dec 1, 2016
    #3505
  2. SpeedTchr

    SpeedTchr Well-Known Member

    Huh? I didn't vote for that douchebag. Fuck that shit.
     
    SpeedTchr, Dec 1, 2016
    #3506
  3. QYFW

    QYFW Well-Known Member

    I thought liberals believed that health care was a personal choice.
     
    QYFW, Dec 1, 2016
    #3507
  4. The Big Ragu

    The Big Ragu Moderator Staff Member

    Well, shit with that kind of logic it's hard to figure out why every command economy ever has been a failure. It's so damned easy -- puppydogs and rainbows, if you just know how to manage things right.

    Your "success of the company" is subjective. Your ace financial analysis notwithstanding, one criteria would be a simple look at its balance sheet. You figure that if a company has a debt to equity ratio that is less than 25 percent, you are looking at a pretty strong balance sheet. GM's total debt/equity. ... 177 percent.

    But shit, the country only mortgaged itself to the tune of about $10 billion when all was said and done to subsidize the company -- which by the way, has only been able to squeek out pre-tax profit margins of less than 8 percent (pretty weak) on the back of all of that debt ... Which is pretty sad, considering that it's an environment in which it is being given every advantage. ... namely creating another debt crisis to keep people who have been destroyed by all of the things you think are wonderful, buying the product GM sells with more and more questionable debt on the back of permanently suppressed interest rates. ... until it all collapses and we deal with another credit event.

    But why think about unintended consequences. It's not like we didn't already get a taste of what the payback looks like for the endless kinds of phoniness you cheerlead and keep arguing for.

    It just so happens that this was in the NY Times this morning:

    http://www.nytimes.com/2016/11/30/b...o-lending-rises-so-do-delinquencies.html?_r=0

    I'd argue that it has been a phony environment for the last 7 years or so, in which GM should be doing way BETTER than it is. Its profit margins suck and it is loaded up with debt, of which it keeps adding -- even as our government bends over backward to create every possible scheme possible to keep people buying GM's products (whether that is the purpose or not, it's just the reality).

    But I suppose one way to look at GM is through the prism of its "success," as you see it. Much the way that a bunch of home builders were riding a wave of success in the early 2000s.

    From that story, btw:
    That is your America in a nutshell, cran.
     
    The Big Ragu, Dec 1, 2016
    #3508
  5. SpeedTchr

    SpeedTchr Well-Known Member

    Apparently only if you want to stab a baby in the noggin...
     
    SpeedTchr, Dec 1, 2016
    #3509
  6. cranberry

    cranberry Well-Known Member

    I read the story this morning, too. Seems like predatory loans remain a big problem, particularly in the used-car market. This is another section of the story:

    If anything, the New York Fed report notes that delinquencies on auto loans originated by banks remained low, while many of the troubled loans were made by finance companies, which are not large enough to harm the broader financial system.

    I'm not sure what predatory used-car loans from unscrupulous finance companies have to do with GM, though.
     
    cranberry, Dec 1, 2016
    #3510
  7. Baron Scicluna

    Baron Scicluna Well-Known Member

    Prohibition was a raging success. The wrong people could no longer drink alcohol.
     
    Baron Scicluna, Dec 1, 2016
    #3511
  8. Baron Scicluna

    Baron Scicluna Well-Known Member

    I thought conservatives believe Big Government should be able to decide when the plug should and shouldn't be pulled?
     
    Baron Scicluna, Dec 1, 2016
    #3512
  9. jr/shotglass

    jr/shotglass Well-Known Member

    jr/shotglass, Dec 1, 2016
    #3513
  10. Riptide

    Riptide Well-Known Member

    The strangest criticism of the media, however, was by Trump’s former campaign manager Corey Lewandowski.

    His complaint: Journalists accurately reported what Trump said.

    “This is the problem with the media. You guys took everything that Donald Trump said so literally,” Lewandowski said. “The American people didn’t. They understood it. They understood that sometimes — when you have a conversation with people, whether it’s around the dinner table or at a bar — you’re going to say things and sometimes you don’t have all the facts to back it up.”
     
    Riptide, Dec 1, 2016
    #3514
    BitterYoungMatador2 and SnarkShark like this.
  11. dixiehack

    dixiehack Well-Known Member

    Somebody had the guts to speak truth to power.

     
    dixiehack, Dec 1, 2016
    #3515
    Inky_Wretch likes this.
  12. jr/shotglass

    jr/shotglass Well-Known Member

    I find it borderline amusing how the MSM acts so dumbfounded that others don't follow established journalistic practices on one hand, and on the other hand has clearly decided to take opinion and bias off the opinion and op-ed pages and right onto Page A1.

    The last 18 months have been an outright indictment of the media.
     
    jr/shotglass, Dec 1, 2016
    #3516
    cyclingwriter2 likes this.
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