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Old 02-06-2020, 01:10 PM   #313
Tyrone Slothrop
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Join Date: May 2004
Posts: 33,084
Re: Slave...and America...win again

Quote:
Originally Posted by sebastian_dangerfield View Post
That's my point. He's not helping the professional classes. And we're pissed about that. We're used to having a more robust SALT deduction. A lot of us were paid from, perhaps dependent upon, revenues from supply chains that have now been upset.

And we don't like very much that we're not respected as much as we were. We told everyone he was going to ruin everything (I believed that). Turns out the world didn't end, and the economy has actually done well under him. (Credit a considerable amount of that to Obama, but credit it also quite significantly to Trump.) ...Despite his doing a bunch of things we said would ruin it.

We liked being Brahmin. And now we're shown that a common lunatic can do all sorts of things from which we'd recoil and drive the economy even higher.

Kinda reminds me of Reagan. One can argue, of course, that like Reagan we're just running up huge debts. That's a good critique. But the reality seems to be, and you've said this many times yourself, public debt isn't a big deal. You're in good company, with Larry Summers and Joseph Stiglitz. If it was a good idea when they floated it years ago, why isn't it a good idea now? (Lemme guess... Because they said it should be done via govt spending, stimulus, rather than tax cuts. I'm not sure. Govt spending hasn't historically primed the pump very well since the New Deal, and even then it was temporary. Tax cuts, OTOH, seem to work. It's crazy, I know. But we're in crazy times, and we live grossly beyond our means anyway, so why not go Strangelove. Learn to Stop Worrying and Love the Deficit?)
He is doing a lot of long-term damage. When my kids go to visit Slave in the old-folks home, their kids are going to ask him why we didn't do more to stop climate change, and what it was like in the old days when it would sometimes snow in New York City in the winter, and there wasn't a huge seawall.

Then they'll get bored and ask for Paigow stories.
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