Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

safeinOhio

(37,846 posts)
Mon Dec 24, 2018, 02:01 PM Dec 2018

The Trickle Down Crash is real.

I'm not blaming Тяцмр. The Tax mistake was NeoLiberal Economics. The Resident and the Repubs used it screw us. They already had plans to use drop in tax dollars to screw us out of MC and SS.

16 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

Grasswire2

(13,849 posts)
1. at some point we must see all this mess as a whole.
Mon Dec 24, 2018, 02:14 PM
Dec 2018

Intentional.

The destruction of America.

We've been suckers; they've used our strengths (tolerance, patience, goodwill) against us.

Squinch

(59,846 posts)
3. What is NeoLiberal Economics?
Mon Dec 24, 2018, 02:41 PM
Dec 2018

The crash is caused by uncertainty due to trade chaos, the drawing out of trillions of dollars from circulation with the "tax cut," the reduction of real wages, the knowledge that everyone is going to be shocked when they get a tax bill in January and February, and no one will be buying anything.

I see all the CNBC pundits are carrying Individual 1's water and saying it is the rate hikes, but rate hikes and drops are always anticipated and are always built into the system long before they happen. In fact, the Fed signaled with this latest hike that they will be raising interest rates more slowly than planned, so that - believe it or not - was probably a positive force on the market.

It's trump, kids. And the bill coming due for the pillaging the republicans did on the economy last year.

Happens in every republican administration like clockwork.

 

Adrahil

(13,340 posts)
5. Neoliberalism is a trendy word for
Mon Dec 24, 2018, 02:56 PM
Dec 2018

What used to be called lassaize-faire economics... austerity, tax cuts, deregulation, etc.

I've noticed some "progressives" like use the term to imply American liberals support such policies, but late 20th century liberalism and neoliberalism are not the same, of course.

Squinch

(59,846 posts)
7. Ah! Couldn't figure it out and I have an Economics degree! (Though I got it a long, long time ago.)
Mon Dec 24, 2018, 03:01 PM
Dec 2018

Skidmore

(37,364 posts)
8. Always confused me how liberalism
Mon Dec 24, 2018, 03:05 PM
Dec 2018

managed to be a word worked into essentially Tea Party political ideas. Not liberal by a long shot and those who use this label are seeking to divide the left. Not constructive.

JHB

(38,272 posts)
13. The origin is in that it describes the "liberalization" of markets...
Mon Dec 24, 2018, 03:49 PM
Dec 2018

...making them less controlled or confined (by tariffs, regulations, monopolies granted by kings or governments, etc.).

Entirely unrelated to political liberalism, but sloppy terminology tends to be the order of the day once jargon "gets loose in the wild".

 

Adrahil

(13,340 posts)
14. Right. Not an inaccurate term, but....
Mon Dec 24, 2018, 04:46 PM
Dec 2018

Very confusing to use it in a modern American political context.

safeinOhio

(37,846 posts)
10. I think for the most part...
Mon Dec 24, 2018, 03:33 PM
Dec 2018

Repubs really hate him, but he is the ticket to get that part of their agenda passed. Without him it wouldn't happen, but it is their wet dream.

Xolodno

(7,361 posts)
16. That's not correct....
Mon Dec 24, 2018, 06:04 PM
Dec 2018

Trump in the Cyrillic Alphabet is...

Трумп

But other than that...yeah.

Latest Discussions»General Discussion»The Trickle Down Crash is...