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Member Since: Sat May 17, 2008
Posts: 11,530
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Member Since: Sat May 17, 2008
Posts: 16,883
Subj: Re: A fair bit of what you have said is nonsense...
Posted: Thu Jan 17, 2019 at 11:56:24 am EST (Viewed 183 times)
Reply Subj: A fair bit of what you have said is nonsense...
Posted: Tue Jan 15, 2019 at 03:58:56 pm EST (Viewed 182 times)

Previous Post

you go on a tangent about the economy after basically making a rant about people using credit cards and if they did not save it is on them.

1. About half of the 800,000 are having to work without pay. That is not right, so your lovely vacation line is flawed. They are not.

2. Mortgage, rent and so on cannot be paid by credit card, unless something major has changed. And not paying can impact credit scores and other things.

3. Not everybody has a credit card.

4. Government contractors and those working with the government will not get back pay.

5. Most people with savings have savings to help them in times of crisis, not an unplanned "vacation". If you are for personal responsibility than this is the opposite. It is government forcing a situation to punish the responsible and the irresponsible. It will take time to build up any of that. Pending what other measures are taken to potentially hurt the workers.

You lack any empathy about people. It is striking.

All good points, bd2999. Job site Indeed showed a 17% increase in federal workers searching for work elsewhere. No one wants to join the government workforce right now because they would not be paid so the government is losing out on potential talent.

Beyond all that, $200 million in pay is being withheld PER DAY, which is a lot of money that's not going back into the economy. For example, lots of restaurants that would be frequented by working government employees are suffering dramatically. The White House itself presented statistics that the shutdown lowers economic growth by 0.13 percent each week it continues. If Trump keeps this up, he'll reside over a recession of his own making. It might lead to a recession anyway because it undermines businesses' and investors' confidence in Trump's ability to maintain economic stability. Trump's trade war has already helped wreck the stock market for 2018.

And what is all this for? After calling this a crisis and threatening emergency intervention, Trump has walked that back, basically admitting he was bluffing, which was obvious from the start. There is no crisis. It's all political maneuvering so Trump can somewhat fulfill one fifth of his biggest campaign promise, which won't be fulfilling it anyway since Mexico is not paying for the wall.

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