If you listened to the China apologists in the MSM and Democrat Party you would think China has already emerged from the virus crisis and their economy is heating up. Not so fast! The beauty of socialism/communism is the economic flaws that ensure its failure in the long run. Sad part is it can fool the young and uninformed long enough to take over a nation. The cracks in their system are once again being exposed. Central planning even if it is over the top incentives for banks to loan for home ownership usually back fire and that is the case in China. Nearly 20 percent of family units are currently vacant yet the low interest rates and incentive programs continue a building boom. This is compounded by the fact that the average Chinese worker is saddled with a high degree of debt and little savings with a propensity to spend every disposable dollar on variable cost living expenses. The WSJ called it the Bubble that hasn't burst. It eventually will. |
![]() The rest of us need to go on with our lives. Just a reminder none of us are going to live forever. Don't let your fear of death take others freedoms away. I am in the high % of death group and I certainly am not! at Steve Anderson - Real Fiscal Conservatism - July 15, 2020 at 10:53AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() If anyone has listened to what claims to be journalists ask questions of the President like, "What would you say to that mother whose child died about reopening the schools?" If stupid and/or liberal mind control had a face the one behind the mask asking that low IQ question at yesterday's presser epitomizes it. That sick attempt to sow fear with parents across the country when in fact the numbers are incredibly low and tell a different story. The President should have asked him what the reporter would say to a mother whose child dies from gang violence/suicide/flu all which have much higher numbers among children under 17. Just in the last few months more children under 14 have been shot than died of the virus---total 30 for the year died of the virus and that is not even the full story. Overall this statistic tells you even more about the real story---this is from the CDC website---"For 6% of the deaths, COVID-19 was the only cause mentioned". Comorbidity issues are the problem and children with severe issues should probably be home schooled. However, the big picture here is that the Fake News is not seeking to provide information to the citizens on policy and process that would allow rational discussion of what is right or wrong in the President's approaches. We had a rule in statistical analysis to not make decisions based on either extreme of the Bell Curve. Outliers in a data distribution are the worst way to make decisions. The sort of "we gotcha with an incidental case" approach to decisions would have left mankind still living in a cave. When you hear a supposed journalist/politician use this tact my counsel is to consider them a fool at best and a conniving manipulator with their own personal motivation at worst. at Steve Anderson - Real Fiscal Conservatism - July 15, 2020 at 08:41AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() “But the lessons that ought to have followed the election—lessons about the importance of understanding other Americans, the necessity of resisting tribalism, and the centrality of the free exchange of ideas to a democratic society—have not been learned. Instead, a new consensus has emerged in the press, but perhaps especially at this paper: that truth isn’t a process of collective discovery, but an orthodoxy already known to an enlightened few whose job is to inform everyone else.” I hope those who still believe anything in this American version of Pravda will read and reflect on this damning statement from inside the NYT. at Steve Anderson - Real Fiscal Conservatism - July 14, 2020 at 02:16PM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() I suggest they go with the Washington Swampers. It is relatively unique--I would guess Trump would waive any rights---and perfectly describes the locality they represent. at Steve Anderson - Real Fiscal Conservatism - July 14, 2020 at 07:26AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() "Biden held a digital fundraiser featuring former President Obama adviser Valerie Jarrett. According to The Atlantic's Edward-Isaac Dovere, the former vice president "cited an old Chinese proverb" while discussing economic relief for women during a Q&A session. “We’ve got to get real economic relief into women’s hands now,” Biden reportedly said, later saying that “women hold up half the sky.” The saying "women hold up half the sky," however, is not a proverb but a famous proclamation made by Mao roughly 70 years ago, when he proclaimed gender equality at the beginning of his rule." We know how the Mao rule turned out. I guess you could argue his 30 million killed was an equal opportunity genocide by gender. How do you come up with this quote unless you are reading or listening to socialist dogma? at Steve Anderson - Real Fiscal Conservatism - July 14, 2020 at 06:56AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() www.politico.com at Steve Anderson - Real Fiscal Conservatism - July 14, 2020 at 06:42AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() at Steve Anderson - Real Fiscal Conservatism - July 14, 2020 at 06:20AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() Goya Foods CEO won't apologize in face of boycott, backlash for pro-Trump remarks: 'Suppression of speech' ![]() Goya Foods President and CEO Bob Unanue said on Friday that he is not backing down in the face of a boycott over his visit to the White House. at Steve Anderson - Real Fiscal Conservatism - July 10, 2020 at 10:43AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . ![]() Real Fiscal Conservatism in Government ![]() Why Every Person Should Care About the Stock Market Joe Biden’s statements about the stock market are continuing proof of how little he understands how capitalism works for nearly everyone. For those who invest directly in the market the importance is obvious so I will avoid wasting your time on that category of Americans. Instead, let’s start with government union members like the teachers union members. This is a largely Democrat voter base who may fail to understand how their defined benefit retirement plans are dependent on the market. Their pension plans invest in the stock and bond market in order to accumulate wealth to cover the payments owed to those union members. A fall in the value of the stocks limits or eliminates the ability of those pension funds to give increases in payments known as Cost of Living Adjustments (COLAs). Without COLAs the fixed amount that teachers and others in these types of plans receive are negatively impacted by inflation. The simple way to look at it is to consider how large a Baby Ruth you could buy with a dollar ten years ago and what you can get for the same amount today. A significant difference that should drive home why they need the stock market to continue to go up in value. For those who are still in the working class the amount of value in the stock market affects them even more. Large firms that dominate the stock market whose stock goes up in value are able to use those increases in value to borrow or issue stock at that value allowing them to grow their operations. There is a direct positive impact on the smaller privately owned firms that provide services to these companies or their employees. The expansion by these stock market companies provides increases in employment and that demand drives up wages. The economy before the virus should prove those points to even the most hardheaded liberal. The level of employment in all classes of labor and every segment of our population was undeniable. Now how about the welfare population? For one thing the amount of people dependent on welfare goes down when employment goes up but even those still dependent on it benefit. A growing economy means growing revenues to the US Treasury which allows legislators to improve benefits to what is a smaller population of recipients. The country in general benefits when the stock market is growing. Capital flows from the weaker markets like the EU and those with less stability and openness like the Chinese market. Pouring more capital into the market from these outside sources is just more gas on the fire. The Biden/Democrat socialist approach benefits the globalists like Soros and Koch at the expense of the vast majority of Americans. at Steve Anderson - Real Fiscal Conservatism - July 10, 2020 at 09:33AM Steve's Take On Today's News, Click the headline to Read the full article at Steve Anderson's Facebook . |
Steve Anderson
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