When the Economy Crashes Will America Move to the Hard Right or Left?

Thom plus logoChuck Collins and Josh Hoxie are confirming the numbers that Bernie Sanders and other progressives keep pointing out - that three men in America own more wealth than the bottom half of America - over 160 million people. While one-fifth of America has no or negative net worth, the Forbes 400 individuals own more wealth than 64 percent of Americans.

The last time we saw these numbers was in 1929, which should give us serious pause. Inequality like this, the result of the Reagan, Bush, and Trump tax cuts, leads to an explosion of social ills, from homelessness to wiping out the middle class to a takeover of our democracy by the ultra-rich.

Will 1929 be repeated? Will democracy survive?

-Thom

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Comments

Dianereynolds's picture
Dianereynolds 1 year 12 weeks ago
#1

Good morning Hot Coffee, it's Tuesday already. I see from the section above that Hatrmann is ragging about Trump's economy again. I find it interesting that for the last two years, records have been set for stock market highs and unemployment in every category at 50-year lows, manufacturing up, and yet we get this crap from the leftie/socialists. I remember back when I was a regular listener, it was 2013 and Thom was telling everybody to get out of the stock market, all based on wishes and a couple of sisters he follows both of which run their business offshore. Writing a book detailing the date of the "Great Crash" has to be one of the biggest blunders an author has ever made.

Gotta run, catch you later.

Coalage3 1 year 12 weeks ago
#2

One of the first questions Savannah Guthrie asked at the debate was whether the far-left agenda of the democrat candidates would put the much improved Trump economy at risk. She referred to a poll that said over 70% of americans thought the economy was doing well including 60% of democrats.

Now, if a democrat gets elected and is somehow able to implement the socialist agenda which includes a bunch of "free stuff", why work at all? If you are going to have your basis needs provided for by someone else, where is the incentive to work?

HotCoffee's picture
HotCoffee 1 year 12 weeks ago
#3

An awesome Tuesday to you Diane,

U.S. Manufacturing Growth Strong, U.S. Manufacturer Hiring Very Strong, Material Costs Lower (no tariff impact)…Posted on July 1, 2019 by

Today, July 1st, is the first day of the third quarter 2019. As typical some of the earliest economic reporting from June is released. One of the first reports comes from the Institute for Supply Management (ISM) as they compile the manufacturing sector.

As noted in the ISM review, manufacturing growth remains strong with an overall index of 51.7 (anything above 50 is growth), and the results are stronger than initially predicted by the financial media (Wall Street).

The manufacturing production index for June is 54.1 versus last month’s 51.3 (May); generally this means manufacturing outputs are growing, order backlogs are being reduced, orders are being fulfilled faster. This is an indication that new production investment is now coming on-line and delivering actual products from orders.

In the past CTH had noted the heavy Main Street investment which began in 2017 would start to come on-line in Q2 2019, it generally takes about two years for a new manufacturing facility to start producing, and then increases in production efficiency follow. The ISM result shows we were pretty close with that forecast.

and more @

https://theconservativetreehouse.com/2019/07/01/u-s-manufacturing-growth-strong-u-s-manufacturer-hiring-very-strong-material-costs-lower-no-tariff-impact/#more-165731

------------------------------------

next......

Portland Antifa: Watch Thugs Beat Elderly Man With a Crowbar

https://www.dcclothesline.com/2019/07/02/portland-antifa-watch-thugs-beat-elderly-man-with-a-crowbar/

Sick people out there be alert on the 4th.................

Antifa Claims to be Planning Chemical Attack In Washington D.C.

https://www.dcclothesline.com/2019/07/02/antifa-claims-to-beplanning-chemical-attack-in-washington-d-c/

Later........

Dianereynolds's picture
Dianereynolds 1 year 12 weeks ago
#4

Coalage3 , at this point in time all President Trump has to do is ten second clips of those idiots on the debate stage. He need say nothing, just a split screen with him smiling while the softball questions were being asked and their hands waving like school children.

HotCoffee, Portland/Seattle has to be a couple of the worst places to live in the US.

The mayor is endorsing this trouble and the police apparently are in support of the violence. The incompetent mayor of Portland can be reached here, https://www.portlandoregon.gov/28533

As for me being prepared for trouble? I avoid places where it can happen but remember I am a firearms instructor and have not left the house without a firearm on me for the last twenty-five years. If I were to be in a situation where an individual is coming at me or my family with a crowbar, the result would likely hit the national news and I would be on Tucker Carlson that evening.

Gotta look up everything that transpired with Nike and the Betsy Ross flag. Colon Kaepernick, that petulant little brat now worth $22 million dollars, thinks blacks have no opportunity in the USA so he gets Nike to pull a line of shoes they have already manufactured.

God Bless Governor Doug Ducey or AZ who told Nike to shove their new plant plans unless they want to pay full fare taxes on the building and property instead of the incentives extracted from them by Nike in their search.

I sent an e-mail congratulating Governor Ducey on his great decision of inviting Nike to search elsewhere for some suckers to finance their operation. The good Governor of AZ can be thanked here, https://azgovernor.gov/engage/form/contact-governor-ducey

HotCoffee's picture
HotCoffee 1 year 12 weeks ago
#5

Diane,

Thanks for the links! Politicians doing the right thing should be told, they are rare and appreciated...good on you!

Tonight I'm ranting, but not at you...

As for Kaepernick He seems to be in the wrecking NFL & Nike business and getting paid well for it I assume, or Kamala who lived in Canada at least during high school, and all the other offended lefties...if America has been so bad to you why stay here? Hmmm oh yeah...cause you want to be president so you can...what? Hate America better?? Destroy more representations of history...I get it they can tear things down or rip them up but what do they,build, fix or repair?? The border? the homeless , please tell me what you are making better? If you think there is too much white history why not put up more black and brown history, statues, art, poetry ( a tribute to Maya Angelou perhaps), films, businesses, etc, Mad about the 4th in DC? Go to the new Black History Museum in DC instead, (the way to have a history is to make one and document it) and quit whinning....everyone has been offended about something at some time.

Remember that old song sixteen tons? For most whites that's their history.

It's a different kind of slavery....slavery has been around a long long time.

How far back do you plan to go? Egypt?

https://www.youtube.com/watch?v=Joo90ZWrUkU

AOC were you elected to stop children from getting funding at the border so you could complain that children didn't have what they need at the border?? perhaps there are homeless mothers and children in your district? Do you think they could have used those jobs you threw away.

Did your mother drop you on your head when you were a baby?

Also I didn't know offending someone was a crime...however beating someone with a crowbar is a crime,,,,and the MSM doesn't even report it....is your news being cencored? Thom...do you particiate in spreading contempt for fellow Americans???

....Antifa = KKK & both are very sick puppies.

Sorry, that's my rant...All better now :)) !

Coalage3 1 year 12 weeks ago
#6

I would like to hear from T.Hartmann on some of these issues. He throws out these blogs and then not another peep.

AOC is a big liar. There have been numerous groups who have inspected the detention centers. While they report that they are overcrowded, the lies spread by AOC are just that. These illegals are receving food, water, and medical care. Remember her staged crying stunt? And this is supposed to be the new face of the democrats? My dear mother must be rolling over in her grave.

Dianereynolds's picture
Dianereynolds 1 year 12 weeks ago
#7

Good Wednesday kids.

This sums up the Alexandria Occasional Cortex thing. The woman is just plain stupid. Wasn't she the one who posted videos about "what is this thing in my sink?" "Oh, what is a garbage disposer?" "what is it for?" "It makes noise" "I put in food scraps and they disappear, how does that happen?"

https://imgflip.com/i/34scq7

When you are feeling really down, think somewhere there is someone who dated this bimbo and they actually had to admit it at parties in front of real people and you will instantly feel better.

HotCoffee's picture
HotCoffee 1 year 12 weeks ago
#8

Diane & coalage,

g'day!

LOL LOL LOL....so true you two.

Trump will hold a rally during the Muller Report...LOL!

later.............

Tim345's picture
Tim345 1 year 12 weeks ago
#9

REALLY? I don't think that's quite what the DHS IG report said -- in fact that report confirmed EVERYTHING that AOC and all the rest of the media have said to you useful PPPP (thats short for Putin Plutocrat Publican Party) idjits -- Trump has his own string of concentration camps similar in practically every aspect to Hitler's concentration camps for Jews.

Deny it all you want because your propoganda filled brains can have no other possible response.

Coalage3 1 year 12 weeks ago
#10

Where are the gas chambers and the work camps? I am pretty sure the Jews of WWII would have kissed the earth if they had been in detention camps like we are providing on the southern border.

Deny it all you want because your propanda filled brains can have no other possible response.

SueN's picture
SueN 1 year 11 weeks ago
#11

There's a difference between concentration camps, where people were concentrated - for example work camps - and death camps, which were expressly for the purpose of killing people en masse, hence the gas chambers. None of the latter were in Germany itself. People did tend to die of overwork or disease in the concentration camps, and some were killed, but that was not their purpose. Nobody is saying America has any death camps. But it already uses prisons as work camps, so maybe it is just a matter of time before refugees are put to work too - after all, they are run privately, and corporations have to make as much profit as they can, you know?

Coalage3 1 year 10 weeks ago
#12

Good try SueN, but we all know what AOC (and others) were trying to do when they mentioned concentration camps. What do you think the average american thought of when they heard this reference? Do you honestly think they thought of work camps? I don't think so.

Republicans ruthlessly reshaped America to hold onto power - can Dems do the same thing to save it?

Thom plus logo In the power grab to fill the Supreme Court seat announced the same evening as the death of Justice Ruth Bader Ginsburg, Mitch McConnell didn't do anything new. The GOP has a long history of playing hardball power politics.
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