Hypocrisy anyone ?

Chris Cuomo and his brother Andrew are earning a reputation in the fake news arena. 

What a stupid thread about a stupid joke for a president.

@Former Member posted:

Hypocrisy anyone ?

Yes, trump is a hypocrite.

@cain posted:

What a stupid thread about a stupid joke for a president.

Trump reminds me of that crybaby guy Yuji who used to post here and worshiped Trump as his Mahatma. They can't take criticism. They pretend that they are tough and when push comes to shove they whine like little wimps. Cuomo gon dash some more lash in he backside tonight. Watch for him to be tweeting all night and all day tomorrow in a fit of rage.

Everyone on the news that criticized trump has some skeletons in their closet.

@singh posted:

Everyone on the news that criticized trump has some skeletons in their closet.

What you talking about Willis? We might have a few. Trump has thousands. No moral comparison. Even the 20,000 plus lies are no comparison for anyone on earth. Move on.

@Mars posted:

Trump reminds me of that crybaby guy Yuji who used to post here and worshiped Trump as his Mahatma. They can't take criticism. They pretend that they are tough and when push comes to shove they whine like little wimps. Cuomo gon dash some more lash in he backside tonight. Watch for him to be tweeting all night and all day tomorrow in a fit of rage.

What a president! He has done nothing in the nearly four years of taking office , nothing except bitch and complain about other presidents before him, complain about tv stations, reporters, the intelligent american people and the reason for this is because the a-hole doesn't have a clue how to run a business nor a club so how can he be expected to run a country...he's a lost cause. Perhaps Sean should show him how to build a toilet because all that he(trump) touches turns to crap.

@cain posted:

What a president! He has done nothing in the nearly four years of taking office , nothing except bitch and complain about other presidents before him, complain about tv stations, reporters, the intelligent american people and the reason for this is because the a-hole doesn't have a clue how to run a business nor a club so how can he be expected to run a country...he's a lost cause. Perhaps Sean should show him how to build a toilet because all that he(trump) touches turns to crap.

Nothing in office. You sound like my wife. The man tax China and prevented those Latins from jumping over the border. He also prevented a racially based dictatorship in Guyana.

Sleazy Fredo has been caught red handed but other freaks on the left will prefer to give him a pass.  Let's see what CNN does next about this. 

   It's ALL FAKE NEWS. FOXY IS THE GUTTER CHANNEL.

Harassing women is ok as long as you are part of the fake news CNN ? The tape is enough proof. Let's see what CNN does next. 

Sleazy Fredo has got to go !

@kp posted:

   It's ALL FAKE NEWS. FOXY IS THE GUTTER CHANNEL.

Tucker Carlson totally misconstrued what Cuomo was saying on the tape. Cuomo said that they were reporters calling up ABC, trying to dig up dirt on him. Making up stories that do not exist, something that Trump and the Fox News crowd are very good at doing. He never said that women were making accusations against him but rather that reporters were trying to manufacture that story. I dare him to report on the stories about all the cover ups that Cohen did for Trump. All the ho's he was paying off and the other women who accused him of rape including a thirteen year old that Trump and his pal Epstein were competing for her cherry.

Fredo has to go !!!

@Prashad posted:

Nothing in office. You sound like my wife. The man tax China and prevented those Latins from jumping over the border. He also prevented a racially based dictatorship in Guyana.

I know Trump like to say he is taxing China by collecting tariff revenue. This just reflects his ignorance on trade economics. Tariffs are not paid by China but by the US consumer. Its a tax on the US consumer because the consumer is paying a higher price for a good produced in China. So when you are paying a higher price for an imported good that is subject to one of his tariffs, please send Trump a thank you note.

@Locutus posted:

I know Trump like to say he is taxing China by collecting tariff revenue. This just reflects his ignorance on trade economics. Tariffs are not paid by China but by the US consumer. Its a tax on the US consumer because the consumer is paying a higher price for a good produced in China. So when you are paying a higher price for an imported good that is subject to one of his tariffs, please send Trump a thank you note.

Trump has an advantage. His supporters  are too dumb to understand  tariffs imposed on China. 

@Tola posted:

Trump has an advantage. His supporters  are too dumb to understand  tariffs imposed on China. 

What’s always amazing is how these supporters don’t understand how much the policies are against them. For instance, iPhones were going to get slapped with a 15% tariff at the end of last year. However, after lobbying by the CEO of Apple and no doubt due to the importance of Apple's stock in the index, the company was able to avoid the tariffs. That is how this administration works. Depending on who you know you can avoid everything from prison to tariffs. However if you are a single parent, doing shift work with no exposure to the stock market because you likely don’t have a 401k, and your washing machine happens to break just as you are trying to get your kids ready for the school year, you are paying on average 12% sometimes as high as 17% more for a new washing machine because of tariffs. And if you don’t think that is a meaningful amount then you don’t have an appreciation for how many Americans are living in a liquidity crunch. (https://www.cbsnews.com/news/n...urprise-400-expense/ ). MAGA!

https://www.bloomberg.com/news...u-s-china-reach-deal

https://www.nbcnews.com/busine...s-almost-100-n999461

@Locutus posted:

What’s always amazing is how these supporters don’t understand how much the policies are against them. For instance, iPhones were going to get slapped with a 15% tariff at the end of last year. However, after lobbying by the CEO of Apple and no doubt due to the importance of Apple's stock in the index, the company was able to avoid the tariffs. That is how this administration works. Depending on who you know you can avoid everything from prison to tariffs. However if you are a single parent, doing shift work with no exposure to the stock market because you likely don’t have a 401k, and your washing machine happens to break just as you are trying to get your kids ready for the school year, you are paying on average 12% sometimes as high as 17% more for a new washing machine because of tariffs. And if you don’t think that is a meaningful amount then you don’t have an appreciation for how many Americans are living in a liquidity crunch. (https://www.cbsnews.com/news/n...urprise-400-expense/ ). MAGA!

https://www.bloomberg.com/news...u-s-china-reach-deal

https://www.nbcnews.com/busine...s-almost-100-n999461

 

You are an intelligent person. I have a few questions:

Why have American workers’ wage been stagnant for the past 30 years?

Who are the biggest beneficiaries of low labor costs?

@Former Member posted:

You are an intelligent person. I have a few questions:

Why have American workers’ wage been stagnant for the past 30 years?

Who are the biggest beneficiaries of low labor costs?

Ask yourself why did the manufacturing jobs disappeared so quickly? 

@Former Member posted:

You are an intelligent person. I have a few questions:

Why have American workers’ wage been stagnant for the past 30 years?

Who are the biggest beneficiaries of low labor costs?

Why have American workers’ wage been stagnant for the past 30 years?

Actually wage growth has been slowing since the early 70’s and the reasons are complex. So the problem of declining wages is not just as simple as manufacturing moved to China. The real economic competition with China only began in the mid 90’s. Of course globalization has an impact but it is by far not the only reason in a very complex problem.

Economist have been struggling with this question for many years with countless papers written but key causes that most agree on are:

1. Decline in worker productivity - workers have been producing less or at best a stagnant amount on an hourly basis over the years. Employers will only pay more per hour if the worker produces more per hour. That just makes business sense. A key reason that has been identified for stagnating productivity is that the digital revolution has not been all that it is chalked up to be. Theory is that workers just lack the proper tools and A couple of computer screens just does not cut it. Ironically, while we have all this technology, companies are not investing enough in R&D to drive productivity growth. Remember the Trump tax cuts that was going to drive further investments, well the majority went to stock repurchases and dividends.
2. Monopsony – this is where you have the vast market power vested in just a few companies. They essentially dominate their markets and as a result dominate the market for workers. As a result they are able to depress wages. Think of Walmart and Amazon in online ecommerce.
3. Automation – has had a real impact but it is early days yet and the impact of this will only get worse.
4. Globalisation – the one that gets the headlines. The ability to develop global supply chains exploiting low wages and comparative advantages in various countries has allowed companies to reduce the demand for labour in their home markets. In addition, companies have move operations overseas allowing the few remaining companies to grow in size and exercise their Monopsony power. One cannot ignore the power of the financial markets in driving the globalization trend.
5. Erosion in the position of Unions. Unions for decades have been a major means to mitigate the advantageous position of employers in the market for labour. However a concerted political effort and corruption within Unions has dramatically reduced the bargaining power of unions in the labour markets.

Who are the biggest beneficiaries of low labor costs?

The biggest beneficiaries of low wages have no doubt been the owners of capital. By the way, as consumers and shareholders we are culpable as well. As a result, hopefully you see the need for a mandatory minimum wage which the Republicans are against. This will help to minimize many of the issues above. Or maybe you see the need for better worker safety and not the erosion of those safeguards. However, raising tariffs hoping that all those manufacturing jobs are going to come back is a pipe dream. This is a multi-decade problem that spans a number of administrations. It will take a federal and state policy to prepare the workers for today and tomorrow. In my opinion this is the equivalent of building the interstate highway times 10.

Apologies for the lengthy response.

In a nutshell, trump sucks.

@cain posted:

In a nutshell, trump sucks.

At at someone's bone ? 

@Locutus posted:

Why have American workers’ wage been stagnant for the past 30 years?

Actually wage growth has been slowing since the early 70’s and the reasons are complex. So the problem of declining wages is not just as simple as manufacturing moved to China. The real economic competition with China only began in the mid 90’s. Of course globalization has an impact but it is by far not the only reason in a very complex problem.

Economist have been struggling with this question for many years with countless papers written but key causes that most agree on are:

1. Decline in worker productivity - workers have been producing less or at best a stagnant amount on an hourly basis over the years. Employers will only pay more per hour if the worker produces more per hour. That just makes business sense. A key reason that has been identified for stagnating productivity is that the digital revolution has not been all that it is chalked up to be. Theory is that workers just lack the proper tools and A couple of computer screens just does not cut it. Ironically, while we have all this technology, companies are not investing enough in R&D to drive productivity growth. Remember the Trump tax cuts that was going to drive further investments, well the majority went to stock repurchases and dividends.
2. Monopsony – this is where you have the vast market power vested in just a few companies. They essentially dominate their markets and as a result dominate the market for workers. As a result they are able to depress wages. Think of Walmart and Amazon in online ecommerce.
3. Automation – has had a real impact but it is early days yet and the impact of this will only get worse.
4. Globalisation – the one that gets the headlines. The ability to develop global supply chains exploiting low wages and comparative advantages in various countries has allowed companies to reduce the demand for labour in their home markets. In addition, companies have move operations overseas allowing the few remaining companies to grow in size and exercise their Monopsony power. One cannot ignore the power of the financial markets in driving the globalization trend.
5. Erosion in the position of Unions. Unions for decades have been a major means to mitigate the advantageous position of employers in the market for labour. However a concerted political effort and corruption within Unions has dramatically reduced the bargaining power of unions in the labour markets.

 

Who are the biggest beneficiaries of low labor costs?

The biggest beneficiaries of low wages have no doubt been the owners of capital. By the way, as consumers and shareholders we are culpable as well. As a result, hopefully you see the need for a mandatory minimum wage which the Republicans are against. This will help to minimize many of the issues above. Or maybe you see the need for better worker safety and not the erosion of those safeguards. However, raising tariffs hoping that all those manufacturing jobs are going to come back is a pipe dream. This is a multi-decade problem that spans a number of administrations. It will take a federal and state policy to prepare the workers for today and tomorrow. In my opinion this is the equivalent of building the interstate highway times 10.

Apologies for the lengthy response.

No apologies. Thanks for the educated response.  I like your style.  I will respond but I need a time slot. Came in late last night so didn’t feel like.