Trump's Economic Policy Entirely Run by Goldman Sachs

[Fojos]

And people don't question the truthfulness of nyt with stories like this? They mention "sources" from Sachs, but how do you all figure they would know what's going on in these private meetings?

[Glorious Leader]

Unlike the proletariat praising Bernie Sanders, I still believe in the importance and wisdom of building an investor class.

Can't do that without a healthy Wall Street.

Of course, this is a forum where every idiot Target stockboy blows their Tax Refund on a new gaming PC, rather than putting it in a Fidelity account or something. So I don't expect my beliefs regarding the investor class to go over too well.

Finance is parasitical. Wallstreet is a giant blood sucking vampire squid that adds nothing of.value to the economy of production and consumption. It is purely a rent seeking activity that is.primarily driven through fraud. Euthanize the rentiers.

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And wiped out the entirety of people's 401K and IRAs, as opposed to just double-digit percentages of them? I think not. Investment Arms are where people kept their financial future.

If by people you mean some marginal fraction of the population sure. They too can file claims on the bankrupt firm. Saving the casinos was not necessary. Euthanize the rentiers.

https://www.google.ca/amp/www.cnbc.c...roid-rogers-ca

[Skroe]

And yet here we are, with the dismantling of the restrictions that were put in place to lower the risk of having to bail them out again.

How long before we'll start seeing the same signs again? Investment firms chasing even pennies to fuel their own profits several fold.

I mean, what do you want me to say? We just had an election. Elections have consequences. Team Deplorable got suckered by the billionaire who is dismantling those restrictions. The people who feel most fucked by "the banks" are enabling the return to bad behavior.

Who is responsible for that? The banks or the people?

If a financial crisis happens again within the next few years or so, I think there is a much stronger case to make it's the fault of the Enablers - the people who voted for Trump - than even Wall Street this time. At what point are a democratic people responsible for the entirety of their nation's financial well being? Another financial crisis wouldn't be something that happened to Trump supporters, who would be hit hardest. It would be something they created the conditions to make possible. Would you suggest we bail them out?

One reason I'm not entirely sympathetic to what you're saying about "how long until we see it again?" as a warning, is because I have very little problem blaming large groups of people for gross incompetence. If we gotta bail out the banks again, the next shit sandwich the deplorable eat will be one they made. If we get there as a happenstance of Wall Street doing what is legal but risky (even unwise), then that is just falls firmly under "electoral consequences" in my book.

[Deleted]

I mean, what do you want me to say? We just had an election. Elections have consequences. Team Deplorable got suckered by the billionaire who is dismantling those restrictions. The people who feel most fucked by "the banks" are enabling the return to bad behavior.

Who is responsible for that? The banks or the people?

If a financial crisis happens again within the next few years or so, I think there is a much stronger case to make it's the fault of the Enablers - the people who voted for Trump - than even Wall Street this time. At what point are a democratic people responsible for the entirety of their nation's financial well being? Another financial crisis wouldn't be something that happened to Trump supporters, who would be hit hardest. It would be something they created the conditions to make possible. Would you suggest we bail them out?

One reason I'm not entirely sympathetic to what you're saying about "how long until we see it again?" as a warning, is because I have very little problem blaming large groups of people for gross incompetence. If we gotta bail out the banks again, the next shit sandwich the deplorable eat will be one they made. If we get there as a happenstance of Wall Street doing what is legal but risky (even unwise), then that is just falls firmly under "electoral consequences" in my book.

Well you can barely blame the people for it, Trump ran a mostly anti-establishment platform and they didn't really have much choice in the end, Hillary wouldn't have been much better most likely.
Now I would love to see his actual voter base go against him on stuff like this and tell him how it is wrong, because that is what he ran on. But unfortunately populations are rather toothless unless they get rogered hard enough, and this won't have an immediate effect that can be felt. Not to mention, there will be plenty of people telling them that this wasn't the effect of their voting.

[Glorious Leader]

I mean, what do you want me to say? We just had an election. Elections have consequences. Team Deplorable got suckered by the billionaire who is dismantling those restrictions. The people who feel most fucked by "the banks" are enabling the return to bad behavior.

Who is responsible for that? The banks or the people?

If a financial crisis happens again within the next few years or so, I think there is a much stronger case to make it's the fault of the Enablers - the people who voted for Trump - than even Wall Street this time. At what point are a democratic people responsible for the entirety of their nation's financial well being? Another financial crisis wouldn't be something that happened to Trump supporters, who would be hit hardest. It would be something they created the conditions to make possible. Would you suggest we bail them out?

One reason I'm not entirely sympathetic to what you're saying about "how long until we see it again?" as a warning, is because I have very little problem blaming large groups of people for gross incompetence. If we gotta bail out the banks again, the next shit sandwich the deplorable eat will be one they made. If we get there as a happenstance of Wall Street doing what is legal but risky (even unwise), then that is just falls firmly under "electoral consequences" in my book.

Theirs a couple things about this. First of all im glad to see you abandoned the greed is good principle so quickly. Wallstreet greed is precisely why these things happen. Obviously the banks share responsibility. Obama should.have prodecutes them for the systemic fraud. Now its on the american people.to push him to do that and they clearly failed.

The trump supporters are probably the least self aware peope.on the face of the planet. Deregulation of wallstreet has been a bi partisan strategy for 30 years now. Do you honestly think theyll get the hint? 8 fucking years from now youll still be hearing hillary would have been worse....

[Skroe]

Well you can barely blame the people for it, Trump ran a mostly anti-establishment platform and they didn't really have much choice in the end, Hillary wouldn't have been much better most likely.
Now I would love to see his actual voter base go against him on stuff like this and tell him how it is wrong, because that is what he ran on. But unfortunately populations are rather toothless unless they get rogered hard enough, and this won't have an immediate effect that can be felt. Not to mention, there will be plenty of people telling them that this wasn't the effect of their voting.

Yes. The Iraq War. The Financial Crisis. The election of a fascist like Trump. These are things that just happen to the American people, like bad weather or the changing of the tides.

Give me a break up.

Unless people start taking responsibility for our collective national fuckups... unless we stop blaming the situation we find ourselves in on how we were "duped" or "lied to"... we're going to just keep finding ourselves in re-enactments of the same old messes.

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Theirs a couple things about this. First of all im glad to see you abandoned the greed is good principle so quickly. Wallstreet greed is precisely why these things happen. Obviously the banks share responsibility. Obama should.have prodecutes them for the systemic fraud. Now its on the american people.to push him to do that and they clearly failed.

The trump supporters are probably the least self aware peope.on the face of the planet. Deregulation of wallstreet has been a bi partisan strategy for 30 years now. Do you honestly think theyll get the hint? 8 fucking years from now youll still be hearing hillary would have been worse....

I have not abandoned it. I'm not an absolutionist. Nothing is black and white on these matters.

And frankly, no, I don't think they'll take the hint. Which gets me back to kind of a side-point to my original statement. Democracy should have little to no role in control over national financial matters. The people do not know better. It's too important and we should rely on experts and industry figures. Hence, Goldman Sachs.

[NED funded]

Well you can barely blame the people for it, Trump ran a mostly anti-establishment platform and they didn't really have much choice in the end, Hillary wouldn't have been much better most likely.
Now I would love to see his actual voter base go against him on stuff like this and tell him how it is wrong, because that is what he ran on. But unfortunately populations are rather toothless unless they get rogered hard enough, and this won't have an immediate effect that can be felt. Not to mention, there will be plenty of people telling them that this wasn't the effect of their voting.

Hillary wouldn't touch financial regulation and she certainly did not come spouting the return of the 60s.

[Glorious Leader]

Yes. The Iraq War. The Financial Crisis. The election of a fascist like Trump. These are things that just happen to the American people, like bad weather or the changing of the tides.

Give me a break up.

Unless people start taking responsibility for our collective national fuckups... unless we stop blaming the situation we find ourselves in on how we were "duped" or "lied to"... we're going to just keep finding ourselves in re-enactments of the same old messes.

People protested the iraq war. These events didnt occur inside a vacuum. Granted deregulation of wallstreet is a dry topic but people.protested on wallstreet as well. You complaim they dont do anything about it but then deride occupy who was trying to do something about. Granted you might not agree with their.methods or.ideogy but they were out there.

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Yes. The Iraq War. The Financial Crisis. The election of a fascist like Trump. These are things that just happen to the American people, like bad weather or the changing of the tides.

Give me a break up.

Unless people start taking responsibility for our collective national fuckups... unless we stop blaming the situation we find ourselves in on how we were "duped" or "lied to"... we're going to just keep finding ourselves in re-enactments of the same old messes.

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I have not abandoned it. I'm not an absolutionist. Nothing is black and white on these matters.

And frankly, no, I don't think they'll take the hint. Which gets me back to kind of a side-point to my original statement. Democracy should have little to no role in control over national financial matters. The people do not know better. It's too important and we should rely on experts and industry figures. Hence, Goldman Sachs.

Thats rich. Yes the people are at fault for the collapse of the financial industry and the economy as a whole because they wont hold.the banks accountable. So lets just put those same banks in charge. LoL. Top kek.

[NED funded]

It still boggles the mind that Hillary supporters don't realise she is exactly the same

It's American politics after all

This is why the whole "populist" thing is amusing to me; it's just marketing, there are no real populists because no one has any actual principles, they're just using different strategies to get elected

She is a democrat, she would have been eaten alive if she planned to ease on regulations.

[Deleted]

Yes. The Iraq War. The Financial Crisis. The election of a fascist like Trump. These are things that just happen to the American people, like bad weather or the changing of the tides.

Give me a break up.

Unless people start taking responsibility for our collective national fuckups... unless we stop blaming the situation we find ourselves in on how we were "duped" or "lied to"... we're going to just keep finding ourselves in re-enactments of the same old messes.

I don't disagree with the sentiment, I am just noting that it is a difficult environment to make that change in. And that is the thing, change, it seems to be what a great deal of the american people actually wants and Trump did to some extend run on that platform, unfortunately the reality was he was no different, same with Obama to some degree.

[NED funded]

No just no on so many levels. If you want to insure wallstreet fraud for the next decade then maybe. Bernie saners "socialists" are precisely the people and the platform that should.be in charge assuming your interests are not further enrichment of a fraction of a fractipm of the populaton at the expense pf everyone else.

Wasn't Bernie Sanders the guy that insisted on bringing back glass-steagal and blamed 2008 to the lack of it?

[Deleted]

Hillary wouldn't touch financial regulation and she certainly did not come spouting the return of the 60s.

I am sorry, but I'd call that very unlikely not to happen. Maybe not to the same extend and most likely not in the same way, but she would likely have sneaked small deregulation in here and there.

I mean, she was bought and paid for by these kind of people, and we know that always has influence in how they act.

[xfloydex]

Who's the cuck now?

I don't think you know what cuck means.

[Glorious Leader]

I am sorry, but I'd call that very unlikely not to happen. Maybe not to the same extend and most likely not in the same way, but she would likely have sneaked small deregulation in here and there.

I mean, she was bought and paid for by these kind of people, and we know that always has influence in how they act.

Depends how accountable people make her. I mean skroe is right, the electorate is just to passive in the whole politicial process. Where hes wrong is that it follows from this that we really ought to just give the keys to thieves and priates. I mean if you remove.the bribe do you remove the impetus for.the bribe? I mean his complaint is that the american people dont accepr responsibility and hold their politicians accountable so he wants to give the keys to people who are subject to even less accountability.

[NED funded]

I am sorry, but I'd call that very unlikely not to happen. Maybe not to the same extend and most likely not in the same way, but she would likely have sneaked small deregulation in here and there.

I mean, she was bought and paid for by these kind of people, and we know that always has influence in how they act.

Here is where you are wrong:

1. She is a democrat, she would've been eaten alive by her voter base for even daring to propose it.
2. You are implying all forms of deregulation are bad, Dodd-Frank was made on "let's do something moment" so some parts of it aren't exactly well thought out and thus have unintended consequences like smaller banks I.E See what's happening on bank charter.
3. If Hillary was indeed on the pocket of Goldman Sachs, Soros, etc. She would just let the regulation follow it's course since it has monopoly-esc effects and benefits bigger firms in Wallstreet.

[Draco-Onis]

Here is where you are wrong:

1. She is a democrat, she would've been eaten alive by her voter base for even daring to propose it.
2. You are implying all forms of deregulation are bad, Dodd-Frank was made on "let's do something moment" so some parts of it aren't exactly well thought out and thus have unintended consequences like smaller banks I.E See what's happening on bank charter.
3. If Hillary was indeed on the pocket of Goldman Sachs, Soros, etc. She would just let the regulation follow it's course since it has monopoly-esc effects and benefits bigger firms in Wallstreet.

People also forget that Hillary would have had to deal with a republican congress that would be obstructing everything she would have put forward.

[oxymoronic]

Who's the cuck now?

if i have to guess it would be you

[Varitok]

They can do alternative maths though.

Lol, You got me there. Thats pretty funny.

[Deleted]

Lol, You got me there. Thats pretty funny.

Its pretty easy at the moment

[Kaleredar]

Yes. The Iraq War. The Financial Crisis. The election of a fascist like Trump. These are things that just happen to the American people, like bad weather or the changing of the tides.

Give me a break up.

Unless people start taking responsibility for our collective national fuckups... unless we stop blaming the situation we find ourselves in on how we were "duped" or "lied to"... we're going to just keep finding ourselves in re-enactments of the same old messes.

The first part of that is having people recognize they were lied to. Trump supporters are still all too content to deflect to "but Hillary..." while mindlessly supporting his actions and plugging their ears to any dissenting opinions.

Trump said he was going to drain the swamp, but did the exact opposite by filling it full of wall street shills? Doesn't matter to them, look how angry the liberals are! Trump's administration has already fallen down a flight of stairs in less than a month? But Hillary wanted to start a war with Russia!