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President Biden: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Jan 20, 2021.

Page 7399 of 8827
  1. Hermes

    Hermes Well-Known Member

    Edison, Rockefeller, Sherman… part of Ohio’s insanity is that it helped build the country.

    The ego is still that of a power while it isn’t anything close to that anymore.
     
    Hermes, Jul 15, 2024
    #88777
    garrow likes this.
  2. garrow

    garrow Well-Known Member

    garrow, Jul 15, 2024
    #88778
  3. Starman

    Starman Well-Known Member

    Yeah well NOBUDDUH TELLZ GOD EMPEROR WHUT TA DEW!!!
     
    Starman, Jul 15, 2024
    #88779
  4. hondo

    hondo Well-Known Member

    This is naked ambition working for Vance, who's only 39 years old. He was going to say anything to get the job.
    If Trump wins, he's the heir apparent in 2028.
    If Trump loses and it's not necessarily any gaffes that can be blamed on Vance, he's still the presumptive GOP nominee in 2028.
    Either way, Ron DeSantis, Marco Rubio, Ted Cruz, Josh Hawley and Nikki Haley are having very bad nights. They've all been neutered for as long as 12 years.
     
    hondo, Jul 15, 2024
    #88780
  5. hondo

    hondo Well-Known Member

    Actually Joe does play golf. He just doesn't make a big fucking deal out of every round. He's like Kennedy. He loves to play but tries to keep it under wraps because it doesn't play well to the base.
     
    hondo, Jul 15, 2024
    #88781
    playthrough, garrow, Baron Scicluna and 3 others like this.
  6. gingerbread

    gingerbread Well-Known Member

    Vance is also great pals with Don Jr.
     
    gingerbread, Jul 16, 2024
    #88782
  7. Neutral Corner

    Neutral Corner Well-Known Member

    Discredit the accuracy of the vote count. Nothing new here.

    They don't care any more about the SBA then they did Gold Star parents. Hell, some of them don't even know that those are.
     
    Neutral Corner, Jul 16, 2024
    #88783
  8. Slacker

    Slacker Well-Known Member

    John Glenn, anyone?
     
    Slacker, Jul 16, 2024
    #88784
    garrow likes this.
  9. Driftwood

    Driftwood Well-Known Member

    Just a free exchange of goods. If those people want somewhere to live, they can send their children to work in a factory to help pay for it.
     
    Driftwood, Jul 16, 2024
    #88785
  10. Hermes

    Hermes Well-Known Member

    I’d recommend the latest episode of the podcast “Plain English” with Derek Thompson. While corporate behemoths are a problem in a few markets, ownership of more than 1,000 properties make up just, like, four percent of the housing market. Companies that own 1 to 50 homes make up a much larger chunk of the rental properties. Two experts on the housing market talked to Thompson about what is driving this weird situation where owners are locked into their low interest rate mortgages, housing stock is low, interest rates are high and prices remain high.

    On the rental front, there’s good news on the way. A bunch of apartments planned right before the pandemic are being built right now. Look for rent to start going down in a bunch of major metros.
     
    Hermes, Jul 16, 2024
    #88786
    FileNotFound likes this.
  11. Brooklyn Bridge

    Brooklyn Bridge Well-Known Member

    Zoning and political will are big drivers of the current crisis. NIMBYs don’t want new housing, in fear that their home price will drop.


    From the Fed:
    https://www.resiclubanalytics.com/p...mbyism-says-richmond-fed-president-tom-barkin

    MIT:
    https://direct.mit.edu/rest/article...Local-Control-Housing?redirectedFrom=fulltext

    why new housing is good for the economy.

    Lack of housing stifles CT’s economic growth
     
    Brooklyn Bridge, Jul 16, 2024
    #88787
  12. The Big Ragu

    The Big Ragu Moderator Staff Member

    Does Tom Barkin have anything to say about what zero interest rate "policy" for more than a decade enforced with an iron fist by his organization, along with his organization printing money (and spurring "inflation") to buy up $2.7 trillion in mortgage-backed securities (of which it still holds close to $2.4 trillion on its balance sheet, and is now trapped in a corner) did to create the "imbalance in supply" in the first place?

    This stuff gets so surreal. It's a like the arsonist sitting there with a straight face and going on about all the things that could have started the fire. ... except for his lighter fluid and the match he threw on it.

    The housing market didn't get distorted because of NIMBYISM. Credit markets regulate housing to the tune of TRILLIONS of dollars. And those idiots severely mispriced the debt markets as a matter of "policy," to enable a fantasy world. We have monetized a lot of debt to be stupid for a very, very long time. It's a sugar high that people cheer on. ... until the distortions create very serious problems. Until the fantasy ends the distortions (including the fubared housing market) won't right themselves. Doing stupid things -- thinking you can price fix a market, i.e. Soviet style action -- is going to just hurt people more.

    There is going to be no way out of the housing mess they engineered (while they told everyone they were engineering prosperity that was really a sugar high with serious long-term consequences, for more than a decade). It's related to every other intractible debt monetization problem we are going to continue to deal with until people either accept some serious pain as payback or the mother of all credit crises occurs when they don't allow the payback to happen in a more controlled way.

    Meanwhile, we have two political parties that sell bullshit to people who have no clue: economic socialism, and now economic populism from the Republicans. They still think the debt monetization world they benefit from can go on. ... And they'll price fix all the problems they are screwing the country with.
     
    The Big Ragu, Jul 16, 2024
    #88788
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