Here is a question for the left wing college elite

The only people who believe what you are expressing are those who primarily get their news from right wing sources.

While there was a housing bubble that burst, it was not the cause, or even that big a deal, in the economic crash at the end of lil' Bush's presidency. The housing crash in the aftermath of the savings and loans scandal was much worse and did not bring down the economy. The economy began its death spiral the moment Bush began rolling back the reforms and economic policies of Mr. Clinton. If you remember, at the end of Clinton's presidency the federal government was showing a surplus and was on track to eliminate most of the debt. Bush came in and cut taxes while massively increasing spending, mostly for waging his stupid little wars that are still plaguing us. He also went about ignoring, or eliminating, all manner of regulations that kept financial institutions in check.

Do you not remember when Bush was handing out $300 checks to get the economy moving? And it never got better until after Obama became president.

I can see why conservatives prefer a false narrative.

 

As a teenager I taught myself electronics and how to design amplifiers by use of a couple of US Navy textbooks on the subject that I picked out of the free box at a garage sale. I also picked up a really good old Tektronix oscilloscope for twenty bucks at another garage sale.

 

Apparently everything that doesn't agree with your indoctrinated notions must be a red herring. You do know that the only people who believe your pretend land version of events primarily gets the information from right wing sources. Mostly to hide the fact that Republican economic ideology is corrosive to everyone except for those at the top. Did you not get your $300 check from Mr. Bush in a failed attempt to get the economy going during his first term - well before anyone was talking about a housing crisis.

 

Repairing an air conditioner is childs play. Try to find a more relevent example. Say digging a ditch.

 

No, a Red Herring *is* a Red Herring. You can whine about that all you want, it won't change anything.

And, as usual, it's going to be Republic economic ideology that is going to put people back to work and grow the economy regardless of the efforts of the Democrats to keep the people poor.

 

I can fix them all even with my college degree. Of course my degrees are in engineering and physics. Neither a college degree or a trade school education is necessary for most repairs. The decisions required are is it the best use of time and is the repair throwing good money after bad.

 

And they are going to do that by cutting funding for education and job training.

 

Near where I live there is one of those tune and lube joints. You can take your automobile there and get a technician, who is paid just a bit above minimum wage, with 20 minutes of training, to do a complete servicing of your air conditioner.

You are horribly deluding yourself if you think that air conditioners are so complicated that they need specialized skills. The instructions on a manifold gauge set, and the ones on the refrigerant should be sufficient for anyone so inclined to to it DIY. Everything else is just simple electrical and mechanical parts.


This may be beyond your reach but manifold gauge has a whole different meaning to physicists. It is kind of funny, in a nerdy kind of way.

 

Again, willful ignorance is not a survival trait. Bush was prevented in mitigating the coming crisis by Barney Frank and Chris Dodd. Barney Frank even apologized on national TV for being wrong about the coming housing crisis and in stating that the housing sector was in good shape!

Bush did increase spending in response to 9/11. But by 2007 had the budget deficit down to $161B, i.e. almost balanced in the world of $2.5T total spending. Obama's smallest deficit was 3 times that and was four times that in 2016!

There were simply no regulation repeals that caused the housing bubble to blow up and then crash. There were no regulations in place that would have prevented the big banks from buying all those toxic mortgage securities, they would have just had to create separately funded and controlled subsidiaries to do so. The financial crisis would *still* have happened.

 

And we both know which of your "critical thinking" skills were engaged while tutoring the rich blonde!

 

No massive layoffs? All those GM car dealers plus their associated salesmen and mechanics would totally disagree with you! Same with Chrysler.

The Great Recession and Obama's policies afterward put the US, for the first time since the Great Depression, in a position where we were seeing more business failures than business startups. All those business failures resulted in layoffs. Layoffs of people like retail salespeople, cashiers, and even furniture store clerks!

 

Assumes extremist alt right factoids not in evidence.

The records show that the economy does better under Dem administrations than the GOP economic disasters.

 

Marxism has three basic tenets as laid out in the Communist Manifesto - class warfare, redistribution of wealth, and central planning of the economy.

You cannot hear a Democrat speak today without them mentioning all three, many times in the very same sentence. These tenets are so deeply buried in the planks of the Democrat Party Platform that they will never be removed without a total rewrite espousing totally different ideas for the future by the Party.

Most Democrats today don't even know what Marxism entails. They live in an alternate reality created from willful ignorance and cognitive dissonance. They promote the Marxist meme of "from each according to ability and to each according to need". Their view of the wealthy is the one they gleaned from Donald Duck comic books where Scrooge McDuck keeps all of his money in a swimming pool or vault instead of spending or investing it.

The Marxist Democrats believe in Marx's labor theory of value. They believe that labor can create prosperity all by itself, no capital investment is required. A belief that has been shown to be wrong over and over and over again.

That's why I use the adjective "Marxist" when talking about Democrats!

Do *you* believe in class warfare? Do *you* believe hat the rich are the enemy that have stolen all the money?
Do *you* believe wealth needs to be redistributed from the wealthy to the poor using government force, i.e. taxes?
Do *you* believe the government can pick winners and losers better than the private economy?

 

Most EMP effects aren't permanent, especially with an exoatmospheric detonation.

 

I worked with an insurance attorney once. He called a plumber over on a holiday. After this attorney got the plumber's bill, he decided to buy a plumbing repair company. Within a year, the attorney shut down his practice and worked in his plumbing company full time.

 

You are dreaming. There will be *no* market. Almost no computers made today beyond some in the military are EMP-hardened. Not desktops, mini-computers, or mainframes, meaning no more stock or commodity trading.There will be no more internet because the ISP's don't EMP-harden their transmission facilities let alone their switches. There will be no more credit cards because the credit card readers will all be useless and there won't even be much car travel since the pumps in the filling stations will be melted lumps of copper.

IT knowledge will be useless. Better to learn how to trim a horses hoof or forge a horseshoe!

 

You have obviously never read any Marx. Taxes, government force, government? Marx proposed communism as having no government at all.

 

I haven't seen anyone calling people without a college degree worthless. In this thread or elsewhere. Can you show us some or is there no actual basis for your claim?

 

Really? All that EMP burst has to do is fry a marginal transistor or diode in a piece of equipment and it is finished. It is finished forever because semi-conductor junctions don't heal. That means internet providers will see major outages and so will filling station pump controls. Those failures will be permanent. Where will replacements come from when any vehicle run by a computer won't work any longer and the equipment that makes the replacements probably involves robotics that could also be affected.

Even an interval as short as a 24 hour interruption in food delivery to major US cities will generate hoarding, looting, and civil violence at a level not seen since the LA riots.

And *you* think there will be no permanent effects?

 

But the students *can* default leaving the taxpayers holding the bag for the loan!

 

The housing bubble was a result of government planning of the economy, or at least a piece of it in this instance. It's what happens whenever the government gets in the business of planning the economy. Ask anyone who lived in the old Soviet Union, or in Cuba and NK today!

 

And exoatmospheric EMP doesn't have the strength to reach circuitry with any degree of insulation unless the detonation is massive, on the order of 10 megatons or more. There's just to much distance for the EM radiation to diffuse or be absorbed by the atmosphere.

North Korea is nowhere close to being able to do anything like that. The scenario posited is a bullshit movie scenario with no basis in reality.

Furthermore, the NorKs trying such a thing would result in nuclear retaliation against them, so why would they do it?

 

Really? You think logical thinking skills are going to teach you how to trim a horse's hoof? How to forge a horseshoe?

 

Really? The economy under Jimmy Carter was better than under Reagan? The economy under Obama was better than under Bush?

Tell me again what planet you live on?