The Trump 2nd Term

[Bob Armstrong]

The first consequence of the Trump victory was a surge in the stock market.

This does not help the ordinary working person in the USA......money made for shareholders.

Let's see what other benefits come to the elite.......the ordinary smart-working Trump elector will, in the long run, find they are still being left behind.



24/11/9 Report from Helms Deep

[Post from an old thread; I think we need a new site for analysis now]

[Dilip Panjwani]

Good idea to have this thread. I shall copy my post on this from the other thread:

Good to hear from Helms Deep!
btw, workers' pension fund, insurance funds, etc. are all invested in the stock market, and would benefit. Also the companies would be able to issue more shares to expand their business, thereby creating a higher demand for workers, which translates into higher wages...
Nevertheless if you believe that the system of stock markets is overall a negative for society, and a necessary evil of Capitalism, you are right... the good news for you is that in Libertarianism, they would not be necessary, because of the system of easy access to capital and 'co-operative' ventures by individuals who actually run the company, entrepreneurs and workers together... almost like your Marxism but with total freedom from government harassment....

[Bob Armstrong]

Democratic Marxism & Libertarianism

Our resident Libertarian - agrees that DM's view of Capitalism/The Stock Market........(drum roll)....is CORRECT!

Dilip (Post 243): "if you believe that the system of stock markets is overall a negative for society, and a necessary evil of Capitalism, you are right... "

Then Dilip gets confused:

"the good news for you is that in Libertarianism, they would not be necessary.."

Sorry Dilip, BUT Libertarianism IS one of the types of Capitalism (The worst form - Wild West Capitalism - no regulatory reigning in of Capitalism's worst excesses [Right - The Natural Law is going to do it - sigh]).

At least Social Democracy (Scandinavian - Another type of Capitalism) does, somewhat effectively, use regulatory control of Capitalism, and has succeeded in being dubbed: "Capitalism with a human face".

Editing Addition:

Dilip also agrees on a preferential form of business activity promoted by DM:

Dilip: "'co-operative' ventures by individuals who actually run the company, entrepreneurs and workers together... almost like your Marxism but with total freedom from government harassment...."

DM: Glad to see that you promote smart working Canadians forming cooperatives. But unfortunately, human nature being what it is, a mere corporate format will not eradicate human exploitation. Even DM agrees corruption, incompetence, inequality will continue to exist. But good socially conscious government regulation will protect all entrepreneurs and workers rights [Whereas your Natural Law system is ambiguous and a windfall for the income of lawyers!]



24/11/10 Helms Deep Report

[Copying my response to Dilip's Post # 2 above, which was originally in the old thread.]

[Tom O'Donnell]

My wife and I are ordinary working people. Most of our net worth is in the market. Without markets, and the ability to increase wealth within them, it would be very difficult to have a comfortable retirement, in my opinion. And the great thing is that there is no restriction preventing anyone from investing.

People are free to rely on the government programs to fund their retirement but I personally am not willing to risk it.

[Dilip Panjwani]

Bob, as Tom had indicated here on chesstalk quite a while ago, Libertarianism can be considered 'on the left' also.
The fact is that it brings the best from the Left and the Right, while getting rid of the stupidity on both sides. You need to try some memory boosting and thought-clarifying pills, if available in Helms Deep, Bob.

[Bob Armstrong]

Hi Tom:

I agree that investing is wise financial planning.

Problem: More than 50% of Canadians have $ 200 or less in their savings account for emergencies. They live from paycheque to paycheque, often working multiple part-time jobs.

Their income does not allow for putting away savings for investing.



Those of us Canadians who have been able to do that are fortunate (And I willingly acknowledge that they may have had better paying jobs, and may also have been more frugal in spending, making savings the priority early on.)

Bob A

[Dilip Panjwani]

Problem: More than 50% of Canadians have $ 200 or less in their savings account for emergencies. They live from paycheque to paycheque, often working multiple part-time jobs.

Their income does not allow for putting away savings for investing.


Bob A

Even this group of citizens would theoretically benefit from a rising stock market, because the government's tax collections would increase, which would then be passed on to them (albeit in a very inefficient and wasteful manner).

[Sid Belzberg]

Hi Tom:

I agree that investing is wise financial planning.

Problem: More than 50% of Canadians have $ 200 or less in their savings account for emergencies. They live from paycheque to paycheque, often working multiple part-time jobs.

Their income does not allow for putting away savings for investing.



Those of us Canadians who have been able to do that are fortunate (And I willingly acknowledge that they may have had better paying jobs, and may also have been more frugal in spending, making savings the priority early on.)

Bob A

Bob, the reality is that both in Canada and the USA in the last five years, inflation has been so bad that one in five Canadians have been forced to humiliate themselves by relying on food banks, and in the USA, fifty percent more Americans now use food banks,

These food banks are not government-funded; they are funded privately. Governments printing money to solve problems sadly results in what we are seeing in Argentina. It was painfully obvious that Millei was faced with a Faustian bargain of either reducing government spending and jobs or continuing with the democratic Marxist status quo where those with jobs were no better off They were working hard for worthless currency, a problem that both the USA and Canada are rapidly devolving towards.

From 2016 to 2019, when Trump was in, I had long discussions with many ordinary working-class people who were taking home more pay and were far better off than under Obama.

I hold the Democratic administration entirely responsible for the Pandemic, and unequivocal proof of this can be read in RFK Jrs heavily referenced book "The Real Dr. Fauci." Both the Chinese Communist Party and the Democrats (In Canada, the Trudeau Administration together with the Winnipeg Biolab) committed an act of bioterrorism and death by iatrocide, especially of elderly people, to give the appearance of the deadly virus that, left untreated early was for the elderly hence drugs like hydroxychloroquine and Ivermectin were and are still suppressed using state-sponsored disinformation lest the elderly take these medically harmless compounds and be cured and go on to live a happy, healthy life.
They falsely claimed no cure and pushed biological weapons falsely called "vaccines" that are especially harmful to the elderly but also were designed to sterilize the younger; hence, birthrates are now at an all-time low around the world while the formerly rare heart condition myocarditis (50% of myocarditis patients dead in five years) is commonplace with 35% of those that took boosters afflicted with it. Doctors in our fascist-like society can not diagnose this, or else they lose their medical license with the fascist College of Physicians and Surgeons.
The bottom line is that even Trump is better than these filthy, genocidal, corrupted murderers who masquerade as caring governments for the average working person. I am delighted that RFK JR joined with Trump and will likely organize accountability for these state-sponsored butchers.

[Bob Gillanders]

If the Democrats had given Bernie a fair shake in 2016, he could have beaten Trump.
Bernie fights for the working class, but was shunned by the party elite.

Biden gave him a key post in 2020, and Bernie was a loyal supporter for 4 years, but now he is speaking out.

https://www.youtube.com/watch?v=QVlu...ewithBillMaher

[Dilip Panjwani]

Thank you for the link, Bob G.
Bernie clearly states that while Trump gave an explanation for why the working class people are hurting, the Democrats did not. Bernie also points out that Trump's explanation of putting all the blame on illegal migrants is not correct. But he did not say, rightly so, that the the stinking rich of this country cheat or steal in the businesses they do, to make their billions. What he did say is that the top 1% spend billions on politicians, which is the real explanation... the corrupt politicians reward them by making laws which prevent the rise of millions of competing entrepreneurs in the country, which would increase the demand for workers multi-fold, translating into a similar rise in the wages, and bring down inflation, and the entrepreneurs would end up making only a very decent living, not stinking billions... In other words, Libertarianism would really solve the problem! The Marxist approach of simply stealing more and more from all the hard and smart-working entrepreneurs (for the sins of the top 1% and the corrupt politicians), only makes the problem worse; and in any case, two wrongs do not make a right...

[Frank Dixon]

I don't agree with Bob Gillanders that Bernie Sanders could have defeated Donald Trump in 2016. I do greatly respect Mr. Sanders, however.

Concerning Trump, before he gets to his second term inauguration, set for Jan. 20, 2025, he has a not-so-small matter of a Manhattan court hearing on Nov. 26, for sentencing in his 34 New York felony conviction case.

This is NOT a federal matter, so the federal Department of Justice in Washington cannot automatically shut it down. And it is not a prosecution of a sitting president, nor a prosecution of someone who was president when the offences occurred, which was in the autumn of 2016, before the election in November that year. So, the Supreme Court rulings of this past summer should not come into play Trump was extraordinarily abusive to the New York judge and the court process while the trial was in progress, and he has greatly benefited from several delays in the sentencing. It will be highly interesting to see what Judge Juan Merchan decides to do; the world will most certainly be watching. Trump could receive up to four years in prison for each of the 34 charges, in addition to fines.

[Sid Belzberg]

I don't agree with Bob Gillanders that Bernie Sanders could have defeated Donald Trump in 2016. I do greatly respect Mr. Sanders, however.

Concerning Trump, before he gets to his second term inauguration, set for Jan. 20, 2025, he has a not-so-small matter of a Manhattan court hearing on Nov. 26, for sentencing in his 34 New York felony conviction case.

This is NOT a federal matter, so the federal Department of Justice in Washington cannot automatically shut it down. And it is not a prosecution of a sitting president, nor a prosecution of someone who was president when the offences occurred, which was in the autumn of 2016, before the election in November that year. So, the Supreme Court rulings of this past summer should not come into play Trump was extraordinarily abusive to the New York judge and the court process while the trial was in progress, and he has greatly benefited from several delays in the sentencing. It will be highly interesting to see what Judge Juan Merchan decides to do; the world will most certainly be watching. Trump could receive up to four years in prison for each of the 34 charges, in addition to fines.

Frank, your analysis is based on fanciful thinking. The Supremacy Clause is found in Article VI, Clause 2 of the United States Constitution. It establishes that the Constitution, federal laws, and treaties are the "supreme Law of the Land" and take precedence over state laws. President-Elect Trump has a clear mandate from the American People with a clean sweep of the executive office, the Senate, and the house that is now only a seat away from Republican control after the concession tonight by a Democrat in Colorado in a House race.
The Supreme Court would never allow this case to interfere with a smooth transition of power and the functioning of the US government. At best, this case is deferred for four years until Trump is out of office.

[Pargat Perrer]

Frank, your analysis is based on fanciful thinking. The Supremacy Clause is found in Article VI, Clause 2 of the United States Constitution. It establishes that the Constitution, federal laws, and treaties are the "supreme Law of the Land" and take precedence over state laws. President-Elect Trump has a clear mandate from the American People with a clean sweep of the executive office, the Senate, and the house that is now only a seat away from Republican control after the concession tonight by a Democrat in Colorado in a House race.
The Supreme Court would never allow this case to interfere with a smooth transition of power and the functioning of the US government. At best, this case is deferred for four years until Trump is out of office.

This seems to indicate that a constitutional amendment is needed to abolish convicted felons from running for President.

[Sid Belzberg]

This seems to indicate that a constitutional amendment is needed to abolish convicted felons from running for President.

When I last checked, the constitution began with "We, the People." The People are not interested in such an amendment.

[Bob Armstrong]

The Jan. 20/25 Trump Admin is taking shape (It is the prep for projecting policy).

"On Sunday, Trump announced Tom Homan, who served as the acting director of ICE in his last administration, will be in charge of the nation's borders.

He also offered Republican Rep. Elise Stefanik the job as US ambassador to the UN, sources told CNN."

https://view.newsletters.cnn.com/mes...=1731324893207

His Campaign Manager has become the White House Chief of Staff.



Bob A (Hunkered down in Helms Deep for at least the next 2 years; it will be extended when Mini-Trump becomes PM of Canada - coming soon to a theatre near you......)