Why a Democratic win doesn't crash the stock market?

Trump is doing Trump again. Idiocy at its best in Washington DC last night.

The rest of the world is between an heavy laugh and utter shock.

I don't really mind people storming a gvmnt building to protest for corruption and stupidity which is a natural treat for politicians. But in this protest last night, you could see the idiocy in their face. It looked like a carnival!!
People wearing idiotic costumes and taking fucking selfies.
And trump speech and tweets? He is sick, mentally sick.
Like Hitler and Mussolini were. Probably he won't ends like them scam, because we live in 2020, and he didn't really wage a war against foreign nations, thank god! Just against Americans...

The man needs mental health help. Remove him from office and lock him up somewhere.

4 deaths? Thank god this protest was not run by BLM, otherwise yesterday would have been a massacre.

Utter stupidity.
Please do not reply to me if you support this idiot, I will ignore any reply from trumpist as I ignore random lunatics in a train station.
 
El Trado said:
This report from Sweden is interesting, and provide quite a bit of facts that are lost when the Scandinavian model is discussed in the US:

https://timbro.se/allmant/eu-versus-usa/

To quote:
"If the European Union were a state in the USA it would belong to the poorest group of states. France, Italy, Great Britain and Germany have lower GDP per capita than all but four of the states in the United States. In fact, GDP per capita is lower in the vast majority of the EU-countries (EU 15) than in most of the individual American states. This puts Europeans at a level of prosperity on par with states such as Arkansas, Mississippi and West Virginia. Only the miniscule country of Luxembourg has higher per capita GDP than the average state in the USA. The results of the new study represent a grave critique of European economic policy."

The average Swede have a lower purchasing power than the poorest group, the African-Americans in the US.

So yes, the Scandinavian model does have quite a few advantages. But it will result in a decreased living standard for most Americans, if it is even possible to implement, as the US is consisting of a huge population divided on large groups that do not have much solidarity or much in common. It is easier to run a welfare state in a country with 4 million, ethnically similar, and where there is a great deal of trust, such as in Norway.
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First off, it's great that you're agreeing that current GDP per capita is a valid way to judge the effectiveness of a political system in a jurisdiction. Not for nothing those states you listed with the worst GDP per capita, Arkansas, Mississippi and West Virginia, are some of the reddest states in the U.S. In fact if you did a regression on partisan lean vs GDP per capita you'd find that there's an almost direct tie between GDP per capita increasing as a state becomes bluer, with the outliers being states that won the lottery of having a lot of oil under them (https://www.bea.gov). So, if GDP per capita is the metric you want to use to judge economic success of political systems, and you just clearly indicated it was, then conservative policies in the U.S. are by and large failures. Again by your chosen metric, not mine!

The countries you cherry picked? Well Germany's GDP per capita of $46,445 is right around the median number 28 state of Indiana. That doesn't seem bad to me, why does it seem bad to you? And if I do the same kind of cherry picking as you and choose, say Ireland with it's GDP per capita of $78,661 you'd be looking at an EU country with a higher GDP than every state in the U.S. and the U.S. as a whole which is $65,297.50. Or pick Scandinavian Norway instead of Sweden, you'd have a GDP per capita of $75,419.6, again higher than any U.S. state and the U.S. as a whole (https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=US). Does the U.S. have better GDP per capita overall than the EU? Sure, although if you look at purchasing power of lower 99% of the U.S. citizens you'd probably see that the U.S. ranks lower than almost any other first world country. Does it mean that what the right calls "socialist" policies lead to economic ruin? Not at all if you're able to actually look at the data and be reasonable and analytical about it rather than rabidly partisan.

Bottom line is all these countries are still first world countries that are good places to live despite this whole "the sky is falling - we'll all be like Venezuela" line conservatives in the U.S. are always running around screaming. And in fact here in the good old US of A, the states with the most liberal political lean produce the vast majority of the GDP per capita. And even more importantly to this discussion, what the incoming Biden administration and bare Senate majority can accomplish will be nothing more than the smallest of nudges to a more liberal economy. Just like Obama and Clinton who you all screamed "socialist" about the same way and in Obamas case had far larger majorities in the Senate when elected.
 
Sig said:
And if I do the same kind of cherry picking as you and choose, say Ireland with it's GDP per capita of $78,661 you'd be looking at an EU country with a higher GDP than every state in the U.S. and the U.S. as a whole which is $65,297.50. Or pick Scandinavian Norway instead of Sweden, you'd have a GDP per capita of $75,419.6, again higher than any U.S. state and the U.S. as a whole (https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=US).
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Ireland's numbers are artificially inflated due to low tax rates that ensures that every multinational corporation sends their bills from there. For example, all payments for Microsoft licenses or Facebooks ads from all European countries are sent to Ireland, and are counted towards the Irish GDP. If you have ever been to Ireland, it would take you about 2 minutes to realize this.

And for Norway; 5 million people and a big producer of oil.
You do the math.....
 
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ET180 said:
All those countries that you mentioned (except Canada) rank lower on the economic freedom index than the US. https://en.wikipedia.org/wiki/Index_of_Economic_Freedom Back in 1996 we were ranked 5, now we're 17. We've fallen a lot. Same with GDP per capita. All those countries are lower than the US except for Norway. Spain well under half that of the US. I could go on, but we have had this discussion before. And it doesn't really matter...as I have said before, it's cultural. Take a solid blue state like Oregon that has the second worst graduation rate in the country at 77%. About a quarter of all students drop out.:

https://www.oregonlive.com/educatio...cond-worst-graduation-rate-in-us-in-2017.html

Compare that to Utah which spends the least amount on education in the country and has a graduation rate of 87.4%. You can throw more money at a problem, but it won't fix it if people don't value education and productivity. That's culture. And when I describe what high school is like in America, my Indian friends laugh. They were doing in high school what undergraduate engineering programs cover here. Same with China, Taiwan, and South Korea. They have the right focus. They focus on education (useful STEM education, not something that ends in "studies") and productivity while we are too busy trying to figure out the right gender pronouns to use. They will eat our lunch. Anyhow, go back to figuring out what you were doing in 1996. No point in wasting any more time on this conversation.
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Let's be clear here, I was once one of you. So when you trot out an index created by the Heritage Foundation which I know was specifically crafted by the country's leading conservative think tank to produce a result that supports their conservative worldview to support your conservative worldview....well it's crystal clear to me that's pretty damn circular and not really an intellectually honest way to make your point because like I said, I once engaged in the same foolishness.

I'm not sure what a completely tangential digression into high school graduation rates has to do with how ridiculous this whole Chicken Little, "Democrats were elected, the sky is falling" trope is? I get it, you think we should spend less money on public school education and apparently more money on....becoming mormons? WTF does that have to do with the fact that conservatives screamed about the sky falling when Clinton was elected and it didn't and screamed about the sky falling when Obama was elected and it didn't....and what do you know here we sit with record deficits and unemployment and terrorists overrunning the capitol after 4 years of Trump.

You did answer my question about your relative youth and inexperience with your snarky and pretty juvenile "Anyhow, go back to figuring out what you were doing in 1996." Like I said before, I challenge you to look outside your bubble, maybe actually look at actual data rather than what the Heritage Foundation packaged up for your consumption and talk to actual people around the country and the world over the next decade. Those kinds of conversations aren't "wasting your time", they're incredibly educational and mind opening. I'd be sad if you remained stunted as the 20 year old me for the rest of your life.
 
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