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holfresh
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1/20/2017  5:08 PM
And on his first day with executive action, Trump suspended the cut to mortgage FHA fees set up by Obama...So the regular guy will be paying more...
AUTOADVERT
holfresh
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1/20/2017  5:23 PM    LAST EDITED: 1/20/2017  5:28 PM
Next on the hit list is the Fiduciary Rule, where Financial Institutions were to tell and put the 401k and Retirement plan investors in the best vehicle that serves their own interest, investment needs and not the best interest of the Financial Institution...Republicans argued that people will lose jobs if they can't advise their clients...On the chopping block...Will be blocked before implemented..
meloanyk
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1/20/2017  5:31 PM
nixluva wrote:
gunsnewing wrote:Something just dawned on me. Assuming Trump is everything the far left criticizes him of being, did Russia also influence the sweeping of the entire republican ticket(Senate and House & gubernatorial? Was it Russia or disenchanted Americans?

what does Russian intervention have to do with Trump's character and policies? You're conflating two unrelated things. The people who vote for local representatives have nothing to do with whether the Russians helped Trump. Those who opposed Trump didn't do that because of Russian hacking!

This country is divided. Urban America vs Rural America in many ways. Progressive vs Conservative. The demographics are leaning towards Urban/Progressive America which you see in the Popular vote. A LOT of Trump Voters did so against their own best interests!!!

More like California and New York vs rest of America.

Demographics have been changing for years and was suppose to be the death of the Pubs already but over the last eight years Dems have lost over 1000 positions in Congress and governorships. T

he underlying sentiment for change was a lot deeper than obviously many realized. Think some of us on the Coasts live in bubbles and dont understand the perspectives of others as alluded by President Obama.

President Trump is not a conservative unless you are talking about some basic tenets like national defense and belief in God which are also popular with the Hispanic population. Once immigration policies become clearer and more narrowly directed than that demographic may to start trend differently. Pubs would be smart to target that group

His populist message today was far from conservative , directed and focused on many that have fallen further behind including minorities in the urbans who voted overwhelmingly for Hillary. If he succeeds improving their standards of living and is more inclusive than portrayed then he will not only win reelection but also improve Pub standing .

As this election showed , there are no absolutes . Time will tell

meloanyk
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1/20/2017  5:48 PM
arkrud wrote:
nixluva wrote:
gunsnewing wrote:Something just dawned on me. Assuming Trump is everything the far left criticizes him of being, did Russia also influence the sweeping of the entire republican ticket(Senate and House & gubernatorial? Was it Russia or disenchanted Americans?

what does Russian intervention have to do with Trump's character and policies? You're conflating two unrelated things. The people who vote for local representatives have nothing to do with whether the Russians helped Trump. Those who opposed Trump didn't do that because of Russian hacking!

This country is divided. Urban America vs Rural America in many ways. Progressive vs Conservative. The demographics are leaning towards Urban/Progressive America which you see in the Popular vote. A LOT of Trump Voters did so against their own best interests!!!

No one is entitled to decide what are peoples best interest for them.
Isn't this the essence of democracy?
Let people make the wrong decisions, experience the consequences, and then make the right ones.
People are not capable of learning on other people mistakes. Only on their own. And even this is not mastered by everyone.
Most of the people incapable to see what is good for them, how you can even imagine you know what is good for others?

Stop making so much sense.

holfresh
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1/20/2017  6:13 PM    LAST EDITED: 1/20/2017  6:14 PM
arkrud wrote:
holfresh wrote:So the rich win again...They managed to thrived after the economic down, near depression turn following the Bush administration.. The made tons of money in the stock market the last six years recovering to all time highs...They are the only ones benefiting from this economy...Now we elected a businessman in Trump who promises to cut their taxes and repatriate trillions of dollars that will go to stock buy backs and bonuses...Elimination of death tax will have the Trump kids salivating..The always manage to come up aces don't they...

We will watch as his supporters cheer this on...

When asked how will we know when America is great again?, Trump responded, I will tell you...

Objects fall down and earth circles around the sun.
Winners will win again and losers will lose again.

If you believe that only the few and elite should have power, and policy should cater the those few, why did you leave Russia?

meloshouldgo
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1/20/2017  7:10 PM
Oh oh looks like dumb and dumber have started approving each other's posts.
I cannot teach anybody anything. I can only try to make them think - Socrates
djsunyc
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1/20/2017  8:58 PM
WASHINGTON ― With one of his first orders, President Donald Trump made it more expensive for working- and middle-class Americans to buy their first homes. The move will increase costs for 750,000 to 850,000 Americans in the next year alone, according to the National Association of Realtors.

The Obama administration had said last week that the Federal Housing Administration would drop the cost of mortgage insurance it sells by almost a third to 0.60 percent. But after Trump took office, the Department of Housing and Urban Development, which oversees the FHA, told lenders the fee cut was off. The reversal of the reduction will mean that homebuyers who borrow $200,000 under the program will see their mortgage insurance fees go up by $500 a year relative to what the Obama administration had ordered, according to figures released by the FHA when the cut was announced.

The reduction was intended to help partially offset the cost of rising mortgage rates and was scheduled to go into effect on Jan. 27. The government sells the insurance in case borrowers default.

The mortgage industry’s main lobby group said when the cut was announced that it looked forward to working with the new administration on the issue. Congressional Republicans attacked the move, saying it would cut into the reserves the FHA held against defaults.

Julian Castro, Obama’s HUD secretary, said when the fee cut was announced that the FHA’s reserve fund had grown by $44 billion in the last four years and that it was time to share these gains with borrowers. Ben Carson, Trump’s nominee to run HUD, said in his confirmation hearing that he supported undoing the fee cut, and lending trade publications reported that a reversal was likely.

“We’re disappointed in the decision but will continue making the case to reinstate the cut in the months ahead,” Bill Brown, the president of the National Association of Realtors, said in a statement to The Huffington Post.

A spokesman for the National Association of Home Builders told HuffPost that it opposes canceling the reduction and it “will work with the Trump team” on the issue. “We feel confident that they will reinstate the reduction,” the spokesman said.

djsunyc
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1/20/2017  9:10 PM
https://www.facebook.com/RBReich/videos/1444022572277001/?link_id=0&can_id=861a9125edc6ec9480b5e7910a47b2d9&source=email-video-you-get-to-pay-tolls-under-trumps-infrastructure-plan&email_referrer=video-you-get-to-pay-tolls-under-trumps-infrastructure-plan&email_subject=video-you-get-to-pay-tolls-under-trumps-infrastructure-plan
djsunyc
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1/20/2017  9:22 PM
According to reports, Donald Trump has appointed John Gore, the attorney who defended North Carolina’s controversial transgender bathroom bill, HB2, to a key civil rights role in the Department of Justice.

The Administration has not publicly confirmed Gore’s appointment, and there has been no formal nomination. Legal news and gossip blog, Above the Law, included Gore in its list of mega-law firm Jones Day alumni serving in Trump’s administration, and the National Law Journal noted that Gore would serve as a Deputy Attorney General in the Civil Rights division, but did not say if would head up the department.

Gore took over defending the North Carolina law, which nullified local laws protecting transgender individuals who chose to use a bathroom based on their gender identity, after North Carolina Attorney General Roy Cooper (now the state’s governor) said that his office would not go to court to repel legal challenges to the law.

In that case, Gore represented several higher education clients, including the University of North Carolina, battling the Obama Administration’s claim that enforcing HB2 on university campuses violated Title IX gender discrimination protections. Gore withdrew from that case earlier this week.

While with Jones Day, Gore was also part of a team that successfully defended controversial redistricting plans in New York, South Carolina and Florida. Gore is best known, however, for his work in the area of anti-trust.

If Gore will indeed helm the DOJ’s Civil Rights division, he will likely preside over a number of contentious civil rights cases ahead of the Trump Administration, including likely lawsuits over voter rights and voter suppression, LGBT accommodations, immigrant rights, and the “stop and frisk” crime investigation procedures Trump supported throughout his campaign.

His first challenge is likely to be First Amendment related, as Donald Trump is pledging to sign the First Amendment Rights Protection Act, which preserves “conscience rights” for Americans who refuse to provide certain services based on their closely held religious beliefs, within the first few days of his Presidency.

The position has presided over some of the most controversial civil rights cases in American history, including seminal racial discrimination cases Plessy v. Ferguson, Brown v. the Board of Education, and LGBT rights cases like Lawrence v. Texas and Obergfell v. Hodges, which established a national right to marriage access for gay couples.

meloanyk
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1/20/2017  9:25 PM
djsunyc wrote:
WASHINGTON ― With one of his first orders, President Donald Trump made it more expensive for working- and middle-class Americans to buy their first homes. The move will increase costs for 750,000 to 850,000 Americans in the next year alone, according to the National Association of Realtors.

The Obama administration had said last week that the Federal Housing Administration would drop the cost of mortgage insurance it sells by almost a third to 0.60 percent. But after Trump took office, the Department of Housing and Urban Development, which oversees the FHA, told lenders the fee cut was off. The reversal of the reduction will mean that homebuyers who borrow $200,000 under the program will see their mortgage insurance fees go up by $500 a year relative to what the Obama administration had ordered, according to figures released by the FHA when the cut was announced.

The reduction was intended to help partially offset the cost of rising mortgage rates and was scheduled to go into effect on Jan. 27. The government sells the insurance in case borrowers default.

The mortgage industry’s main lobby group said when the cut was announced that it looked forward to working with the new administration on the issue. Congressional Republicans attacked the move, saying it would cut into the reserves the FHA held against defaults.

Julian Castro, Obama’s HUD secretary, said when the fee cut was announced that the FHA’s reserve fund had grown by $44 billion in the last four years and that it was time to share these gains with borrowers. Ben Carson, Trump’s nominee to run HUD, said in his confirmation hearing that he supported undoing the fee cut, and lending trade publications reported that a reversal was likely.

“We’re disappointed in the decision but will continue making the case to reinstate the cut in the months ahead,” Bill Brown, the president of the National Association of Realtors, said in a statement to The Huffington Post.

A spokesman for the National Association of Home Builders told HuffPost that it opposes canceling the reduction and it “will work with the Trump team” on the issue. “We feel confident that they will reinstate the reduction,” the spokesman said.

So let me understand this, this rate cut that isn't even in effect today is put in after eight years in office and with mortgage rates still near historical lows without any consultation of the incoming administration. Team play?

Does anyone remember the sub prime and the banking crisis? Capital ratios needs to be maintained if you are going to lend monies with barely any money down to lesser credits

National Association of Realtors represents realtors pushing sales without any concern after the sale. Perhaps legislation should be pass having them contribute 1% off their exorbitant commissions.

Proper to suspend and study any legislation that was rushed in at the last moment because the last thing country needs is another debacle

djsunyc
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1/20/2017  9:32 PM
President Trump delivered a campaign speech, not an inaugural address, on Friday. That he and his staff do not understand the difference goes to the heart of his insufficiency as a leader. Addressing a shockingly sparse crowd, he painted a picture of a hellish America that can only be restored by turning inward, deciding the world is a burden and our allies are thieves.

The speech was really two separate ones slammed together.

In the first he repeated in different ways, over and over again, that “we are transferring power from Washington, D.C. and giving it back to you, the people” because, well, because anyone and everyone in government has turned America into a hellhole. “The establishment protected itself, but not the citizens of our country. Their victories have not been your victories. Their triumphs have not been your triumphs.” In other words, the “establishment” that he now sits atop has betrayed the country. He did not say they were shortsighted or mistaken. He did not say they made progress but left work to do. He attributes unvarnished malice to the entire establishment, dividing it from the “people.”

He perfectly channels the resentment of the white working class. And in case you didn’t know how rotten a country this is, he described, as he did on the campaign trail, a dystopia bearing little resemblance to the real United States. (“Mothers and children trapped in poverty in our inner cities, rusted-out factories, scattered like tombstones across the landscape of our nation, an education system flush with cash but which leaves our young and beautiful students deprived of all knowledge. And the crime and the gangs and the drugs that have stolen too many lives and robbed our country of so much unrealized potential.”) You would not know that unemployment stands at 4.7 percent, crime is down and productivity up. He sees only blight. “This American carnage stops right here and stops right now,” he declared. Carnage. Take that in for a moment. Does he see America as a decimated, destroyed and weak country? Apparently yes — or he would like us to believe so in order to, in a year or so, declare how everything has improved.

The second part of the speech was a dark, ugly tribute to “America First,” the language of nationalism, nativism and protectionism. One cringes to hear the president use the phrase of the Charles Lindbergh, fascist-sympathizing set of the 1930s. He puts forth a demonstrably false narrative that we benefited other countries at the expense of our own. He sees no benefit from markets we have developed, from collective security, from the spread of democratic governments, from the prevention of violence on the scale of the two 20th-century world wars. Just as we are supposed to resent the “establishment,” he is telling America to resent the world. One would never know that we have continued to be the world’s only true superpower, that a couple billion people have been lifted from poverty and age expectancy has soared. He does not care to know. They’re robbing us blind, got it?

His language was the crude boasting of his campaign. (“America will start winning again, winning like never before. We will bring back our jobs. We will bring back our borders. We will bring back our wealth. And we will bring back our dreams.”) The overwhelming number of Americans are employed; the smokestack jobs are not coming back; wages are up; and Americans dream every day. You’d never know it listening to him.

What was missing was virtually any vision of what he wants America to be. The most we got was a promise to “build new roads and highways and bridges and airports and tunnels and railways all across our wonderful nation” and to get “people off of welfare and back to work, rebuilding our country with American hands and American labor.” Beyond that he cannot describe a renewed America. More opportunities? More productive? More understanding between segments of America?

[Trump’s inaugural address offers nothing to soothe the worst fears about him]

There was one brief positive moment in the speech when he offered an olive branch to our allies. “We will reinforce old alliances and form new ones and reform the world against radical Islamic terrorism which we will eradicate from the face of the earth.” He unfortunately followed it with a creepy statism in which we define our personal relationships through nationalistic loyalty. “At the bedrock of our politics will be a total allegiance to the United States of America and through our loyalty to our country, we will rediscover our loyalty to each other.” We actually have relationships, loyalties and bonds with one another that are the fabric of society and do not need to be redefined as an outgrowth of a new sort of nationalism. Conservatives who value civil society free from government should be horrified — if they have intellectual integrity.

There has never and will not be a better Trump. His vision is dark, false and frightening. He leads by stoking nativism, protectionism (which actually makes us poorer) and seething resentment. God help us all.

meloanyk
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1/20/2017  10:41 PM
holfresh wrote:Next on the hit list is the Fiduciary Rule, where Financial Institutions were to tell and put the 401k and Retirement plan investors in the best vehicle that serves their own interest, investment needs and not the best interest of the Financial Institution...Republicans argued that people will lose jobs if they can't advise their clients...On the chopping block...Will be blocked before implemented..

There are good, average, mediocre and corrupt financial advisors. Most are average and overpaid. The little investor is not covered by the best of breed that manage corporate, foreign and high net worth individuals. Most brokers will put individuals into suitable products but gouge them whenever possible selling products such as annuities that few truly understand because of commissions earned. Discount brokers have driven stock transaction costs down so the business model today is focused on gathering assets under management then directing those monies to
'managers' who pay them to get your money to invest for fees but generally underperform the market indexes
Robo advisers will eventually replace many advisors , do allocations based on info and use low cost elf's. think the fiduciary rule should go forward because all commissions should be fully known. Other markups should be also though I dont know if that is part of legislation. Spreads in product like munis is a farce and should tighten. The passage of the bill will lead to consolidation given rises in compliance and technology costs that smaller forms won't be able to absorb. I suggest using the established discounts i.e. Schwab, Fidelity etc than a bulge because they will extract 4 one way or another

holfresh
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1/20/2017  11:02 PM    LAST EDITED: 1/20/2017  11:05 PM
meloanyk wrote:
holfresh wrote:Next on the hit list is the Fiduciary Rule, where Financial Institutions were to tell and put the 401k and Retirement plan investors in the best vehicle that serves their own interest, investment needs and not the best interest of the Financial Institution...Republicans argued that people will lose jobs if they can't advise their clients...On the chopping block...Will be blocked before implemented..

There are good, average, mediocre and corrupt financial advisors. Most are average and overpaid. The little investor is not covered by the best of breed that manage corporate, foreign and high net worth individuals. Most brokers will put individuals into suitable products but gouge them whenever possible selling products such as annuities that few truly understand because of commissions earned. Discount brokers have driven stock transaction costs down so the business model today is focused on gathering assets under management then directing those monies to
'managers' who pay them to get your money to invest for fees but generally underperform the market indexes
Robo advisers will eventually replace many advisors , do allocations based on info and use low cost elf's. think the fiduciary rule should go forward because all commissions should be fully known. Other markups should be also though I dont know if that is part of legislation. Spreads in product like munis is a farce and should tighten. The passage of the bill will lead to consolidation given rises in compliance and technology costs that smaller forms won't be able to absorb. I suggest using the established discounts i.e. Schwab, Fidelity etc than a bulge because they will extract 4 one way or another

So you advise ETFs?..Does the average investor know the makeup of an ETF?..Well the fiduciary rule should go forward because you don't want firms directing you to their most expensive worst performing funds. The advisors are sales people and generally have a little more understanding about the markets and the products they are selling then you do...

Stock picking has been a tough business of late..Not many managers are delivering Alpha..Indexes are outperforming them and the fees are a lot less over the life of your investment...Jack Bogle been telling investors that for years...

They will roll back most of Dodd-Frank...So compliance won't be as big of a burden...Dems went overboard with Dodd-Frank..They really didn't know how far reaching it was when they passed it...It's destroyed liquidity in the markets...I heard Steve Mnunchin and Jamie Diamond talking about it..So hopefully Volker rule is one of the first to go...

nixluva
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1/20/2017  11:50 PM
meloanyk wrote:
nixluva wrote:
gunsnewing wrote:Something just dawned on me. Assuming Trump is everything the far left criticizes him of being, did Russia also influence the sweeping of the entire republican ticket(Senate and House & gubernatorial? Was it Russia or disenchanted Americans?

what does Russian intervention have to do with Trump's character and policies? You're conflating two unrelated things. The people who vote for local representatives have nothing to do with whether the Russians helped Trump. Those who opposed Trump didn't do that because of Russian hacking!

This country is divided. Urban America vs Rural America in many ways. Progressive vs Conservative. The demographics are leaning towards Urban/Progressive America which you see in the Popular vote. A LOT of Trump Voters did so against their own best interests!!!

More like California and New York vs rest of America.

Demographics have been changing for years and was suppose to be the death of the Pubs already but over the last eight years Dems have lost over 1000 positions in Congress and governorships. T

he underlying sentiment for change was a lot deeper than obviously many realized. Think some of us on the Coasts live in bubbles and dont understand the perspectives of others as alluded by President Obama.

President Trump is not a conservative unless you are talking about some basic tenets like national defense and belief in God which are also popular with the Hispanic population. Once immigration policies become clearer and more narrowly directed than that demographic may to start trend differently. Pubs would be smart to target that group

His populist message today was far from conservative , directed and focused on many that have fallen further behind including minorities in the urbans who voted overwhelmingly for Hillary. If he succeeds improving their standards of living and is more inclusive than portrayed then he will not only win reelection but also improve Pub standing .

As this election showed , there are no absolutes . Time will tell

The Republicans simply had a better plan for taking over local governments. They know the right things to say to Rural and Religious constituents to get them to vote against their own best interests!!! They say things in a way that makes them sound beneficial when in fact they are not!!! They tap into racial fears and nationalist themes that they know a segment of the population believes in. With all of that the man just barely won the Electoral College based on less than 80,000 votes. He lost the popular vote by nearly 3 Million. Republicans should enjoy this last dance cuz they will not win another National Election with the direction of the nation's demographics.

This was a FLUKE. Those 80,000 voters that put Trump over the top are in for a rude awakening cuz a lot of those Rust Belt and Coal Mining Towns aren't coming back no matter what Trump promised!!! He lied to those people. All he did was what Republicans always do and that is say what the people want to hear but knowing they have no intention of actually delivering on all of the crap they say. The reason is that Republicans real clients are Big Business and the Rich. All this Populist propaganda made voters forget that the Republicans are backed by the Rich and Big Business. They don't give a F about the common people. Just like Trump didn't care before running for President.

meloanyk
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1/20/2017  11:53 PM
Liquidity in markets has been affected in underwriting and market making to large institutions and swings will exasperate when svolatilty spikes as shocks occur but markups to small investors by bulge firms are ridiculous. Greater price transparency is touted by the average investor has little clue about price or mark up. A 20k transaction on a 10 yr aaa muni trading at 105 in secondary market shouldn't have a bid of 102 and a offer of 108 and 100 shares of Ford stock doesn't need a $105 transaction cost from a bulge bracket. To see such wide variation in where prices transactions when standardization of markups can be easily implemented given technology. Naive investors get ripped today. 'Advisors" are a loose term, they are sales people first and foremost, passing a series 7 does not make them a knowledgeable broker. Brokers vary from good to bad and investors vary from the naive to the well versed, I dont need or use advisors since most are a dollar short and a day late ,buying the the best performing fund vs the lowest means little if you dont understand location or rotation. Most will revert to mean if they have established management. The future will be robo advising supplemented by advisors rather than the reverse. You are right about the offset from repealing Dodd Frank but Im not shedding any tears if margins contract because commissions are known and reduced
meloanyk
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1/21/2017  12:14 AM
nixluva wrote:
meloanyk wrote:
nixluva wrote:
gunsnewing wrote:Something just dawned on me. Assuming Trump is everything the far left criticizes him of being, did Russia also influence the sweeping of the entire republican ticket(Senate and House & gubernatorial? Was it Russia or disenchanted Americans?

what does Russian intervention have to do with Trump's character and policies? You're conflating two unrelated things. The people who vote for local representatives have nothing to do with whether the Russians helped Trump. Those who opposed Trump didn't do that because of Russian hacking!

This country is divided. Urban America vs Rural America in many ways. Progressive vs Conservative. The demographics are leaning towards Urban/Progressive America which you see in the Popular vote. A LOT of Trump Voters did so against their own best interests!!!

More like California and New York vs rest of America.

Demographics have been changing for years and was suppose to be the death of the Pubs already but over the last eight years Dems have lost over 1000 positions in Congress and governorships. T

he underlying sentiment for change was a lot deeper than obviously many realized. Think some of us on the Coasts live in bubbles and dont understand the perspectives of others as alluded by President Obama.

President Trump is not a conservative unless you are talking about some basic tenets like national defense and belief in God which are also popular with the Hispanic population. Once immigration policies become clearer and more narrowly directed than that demographic may to start trend differently. Pubs would be smart to target that group

His populist message today was far from conservative , directed and focused on many that have fallen further behind including minorities in the urbans who voted overwhelmingly for Hillary. If he succeeds improving their standards of living and is more inclusive than portrayed then he will not only win reelection but also improve Pub standing .

As this election showed , there are no absolutes . Time will tell

The Republicans simply had a better plan for taking over local governments. They know the right things to say to Rural and Religious constituents to get them to vote against their own best interests!!! They say things in a way that makes them sound beneficial when in fact they are not!!! They tap into racial fears and nationalist themes that they know a segment of the population believes in. With all of that the man just barely won the Electoral College based on less than 80,000 votes. He lost the popular vote by nearly 3 Million. Republicans should enjoy this last dance cuz they will not win another National Election with the direction of the nation's demographics.

This was a FLUKE. Those 80,000 voters that put Trump over the top are in for a rude awakening cuz a lot of those Rust Belt and Coal Mining Towns aren't coming back no matter what Trump promised!!! He lied to those people. All he did was what Republicans always do and that is say what the people want to hear but knowing they have no intention of actually delivering on all of the crap they say. The reason is that Republicans real clients are Big Business and the Rich. All this Populist propaganda made voters forget that the Republicans are backed by the Rich and Big Business. They don't give a F about the common people. Just like Trump didn't care before running for President.

right

You do realize that big money, big business and the MSM backed Hillary, that good ol Hill won Cal. by 4.8 million votes? Im trying to be respectful to President Trump but U.S elected someone with no experience in government because the country wanted a change in direction and no one represented that on either side besides Sanders. The electoral college looked like Verizon map coverage no matter how one tries to explain . Fluke? Perhaps but one cant say that 1000 lost seats in federal and state legislatures doesn't point to a level of disenchantment that he capitalized on.

President Trump has promised alot and now has to deliver. Time will tell. The coal miners won't give a sheet if mines dont reopen if they have jobs

meloanyk
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1/21/2017  12:23 AM
Why did Ivanka leave NY and her business to live in Washington. To accompany her husband and raise their children? To advise her Dad? Partly but don't think it is that simple, look for Ivanka to be a genuine heart who establishes her own agenda with Jared and appeals to many Democrats especially women. Wouldn't be shocked to see that couple be a cleaner version of the Clintons and for her to run for President some day, maybe even as a Dem
arkrud
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1/21/2017  12:37 AM
holfresh wrote:
arkrud wrote:
holfresh wrote:So the rich win again...They managed to thrived after the economic down, near depression turn following the Bush administration.. The made tons of money in the stock market the last six years recovering to all time highs...They are the only ones benefiting from this economy...Now we elected a businessman in Trump who promises to cut their taxes and repatriate trillions of dollars that will go to stock buy backs and bonuses...Elimination of death tax will have the Trump kids salivating..The always manage to come up aces don't they...

We will watch as his supporters cheer this on...

When asked how will we know when America is great again?, Trump responded, I will tell you...

Objects fall down and earth circles around the sun.
Winners will win again and losers will lose again.

If you believe that only the few and elite should have power, and policy should cater the those few, why did you leave Russia?

Power should be with those who create wealth not with those who consume.

"There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." Hamlet
smackeddog
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1/21/2017  4:00 AM    LAST EDITED: 1/21/2017  4:01 AM
arkrud wrote:
holfresh wrote:
arkrud wrote:
holfresh wrote:So the rich win again...They managed to thrived after the economic down, near depression turn following the Bush administration.. The made tons of money in the stock market the last six years recovering to all time highs...They are the only ones benefiting from this economy...Now we elected a businessman in Trump who promises to cut their taxes and repatriate trillions of dollars that will go to stock buy backs and bonuses...Elimination of death tax will have the Trump kids salivating..The always manage to come up aces don't they...

We will watch as his supporters cheer this on...

When asked how will we know when America is great again?, Trump responded, I will tell you...

Objects fall down and earth circles around the sun.
Winners will win again and losers will lose again.

If you believe that only the few and elite should have power, and policy should cater the those few, why did you leave Russia?

Power should be with those who create wealth not with those who consume.

Why? How do these elites 'make wealth' single handedly? Do workers not create wealth?

arkrud
Posts: 32217
Alba Posts: 7
Joined: 8/31/2005
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USA
1/21/2017  6:57 AM    LAST EDITED: 1/21/2017  6:58 AM
smackeddog wrote:
arkrud wrote:
holfresh wrote:
arkrud wrote:
holfresh wrote:So the rich win again...They managed to thrived after the economic down, near depression turn following the Bush administration.. The made tons of money in the stock market the last six years recovering to all time highs...They are the only ones benefiting from this economy...Now we elected a businessman in Trump who promises to cut their taxes and repatriate trillions of dollars that will go to stock buy backs and bonuses...Elimination of death tax will have the Trump kids salivating..The always manage to come up aces don't they...

We will watch as his supporters cheer this on...

When asked how will we know when America is great again?, Trump responded, I will tell you...

Objects fall down and earth circles around the sun.
Winners will win again and losers will lose again.

If you believe that only the few and elite should have power, and policy should cater the those few, why did you leave Russia?

Power should be with those who create wealth not with those who consume.

Why? How do these elites 'make wealth' single handedly? Do workers not create wealth?

To participate in wealth creation workers need place to work, materials, energy resources, etc.
All this needs initial investments to became available.
All this can be owned and organized by governments or by individuals.
First never worked for long reducing worker to lumpen.
Second is what we use and it works very well.
Worker selling his skills and time for his share in profits and does not need to invest anything more in wealth creation.
He participates in power by matter of democratic process.
Power participation is proportional to participation in wealth creation.
That's why the power of responsible elites is the only one which works.
To be responsible people have to have something to lose.
People who have nothing or little to lose have no motivation to preserve stability and progress.

"There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." Hamlet
OT: Politics Thread

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