How will the casinos react to 30% inflation and a huge economic depression? Bargain City or Gouge City?
The last Republican-caused recession, in 2008, spawned quite a few bargains--for a while. When the Obama economy kicked in, it was Bargains No Mas.
Originally posted by: Kevin Lewis
How will the casinos react to 30% inflation and a huge economic depression? Bargain City or Gouge City?
The last Republican-caused recession, in 2008, spawned quite a few bargains--for a while. When the Obama economy kicked in, it was Bargains No Mas.
No matter what happens to the econony, you will find something to bitch about - that will never change.
The Dems had their hand in the Great Recession soup, too. Both parties failed the public here. read deeper, Ernie. It's so typical of you to assign total blame to the R's. It ain't the truth. Greedy bank CEO"S and COO's ( many involved in the Fannie Mae / Freddie Mac debacle) spanned the political spectrum during this crisis. Look it up and you'll see the bipartisan errors. Further, the regulatory failings were bipartisan as well.
If the economy tanks, I'd expect fewer crowds in Vegas with subsequently less overall spending; that might eventually open up some of those forgotten deals of the past. The corny old supply and demand thing, etc.
Originally posted by: Nines
The Dems had their hand in the Great Recession soup, too. Both parties failed the public here. read deeper, Ernie. It's so typical of you to assign total blame to the R's. It ain't the truth. Greedy bank CEO"S and COO's ( many involved in the Fannie Mae / Freddie Mac debacle) spanned the political spectrum during this crisis. Look it up and you'll see the bipartisan errors. Further, the regulatory failings were bipartisan as well.
If the economy tanks, I'd expect fewer crowds in Vegas with subsequently less overall spending; that might eventually open up some of those forgotten deals of the past. The corny old supply and demand thing, etc.
Sorry, Nines, that dog don't hunt. The Republicans have historically assigned blame for any and all economic woes to the current administration--BUT ONLY IF THAT ADMINISTRATION IS DEMOCRATIC. The sad fact is that the Dubya recession was the culmination of eight years of...Dubya. And Republicans controlled both the House and the Senate for almost all of that time.
Research the Gramm-Leach-Billey Act, who cooked it up, and how it created the Dubya Disaster. Essentially, banks and mortgage companies were allowed to become casino gamblers--with other folks' money. And yeah sure, there were SOME Democrats running these financial entities. But it was mostly troo-bloo conservative Reaganite disciples steering the country's financial ship.
Anyway, that was then; this is now. The utter fucking up of the country's economy is an absolute certainty if Trump does what he's been babbling about (and given his cognitive decline and compulsive lying, that's by no means a given). I really don't know if Vegas will be Bargain City in response, or it will slam its doors to all but the well-heeled.
Originally posted by: Kevin Lewis
Sorry, Nines, that dog don't hunt. The Republicans have historically assigned blame for any and all economic woes to the current administration--BUT ONLY IF THAT ADMINISTRATION IS DEMOCRATIC. The sad fact is that the Dubya recession was the culmination of eight years of...Dubya. And Republicans controlled both the House and the Senate for almost all of that time.
Research the Gramm-Leach-Billey Act, who cooked it up, and how it created the Dubya Disaster. Essentially, banks and mortgage companies were allowed to become casino gamblers--with other folks' money. And yeah sure, there were SOME Democrats running these financial entities. But it was mostly troo-bloo conservative Reaganite disciples steering the country's financial ship.
Anyway, that was then; this is now. The utter fucking up of the country's economy is an absolute certainty if Trump does what he's been babbling about (and given his cognitive decline and compulsive lying, that's by no means a given). I really don't know if Vegas will be Bargain City in response, or it will slam its doors to all but the well-heeled.
HaHaHaHaHaHa!
Well, it all started in 1913...we're just finding the end of the complete debasement of our monetary system after the global banks have sucked nearly 99% of the dollar's value into their coffers over a century. I don't think you can blame a two party system that is actually wings of the same vulture unless you take a deep look at how our monetary system was destroyed.
Originally posted by: Kevin Lewis
Sorry, Nines, that dog don't hunt. The Republicans have historically assigned blame for any and all economic woes to the current administration--BUT ONLY IF THAT ADMINISTRATION IS DEMOCRATIC. The sad fact is that the Dubya recession was the culmination of eight years of...Dubya. And Republicans controlled both the House and the Senate for almost all of that time.
Research the Gramm-Leach-Billey Act, who cooked it up, and how it created the Dubya Disaster. Essentially, banks and mortgage companies were allowed to become casino gamblers--with other folks' money. And yeah sure, there were SOME Democrats running these financial entities. But it was mostly troo-bloo conservative Reaganite disciples steering the country's financial ship.
Anyway, that was then; this is now. The utter fucking up of the country's economy is an absolute certainty if Trump does what he's been babbling about (and given his cognitive decline and compulsive lying, that's by no means a given). I really don't know if Vegas will be Bargain City in response, or it will slam its doors to all but the well-heeled.
A majority of Democrats voted for the Gramm bill, too. I won't deny the regulatory failiures of this and other legislative action, but the Dems were involved in passing this one as well.
Originally posted by: Kevin Lewis
Sorry, Nines, that dog don't hunt. The Republicans have historically assigned blame for any and all economic woes to the current administration--BUT ONLY IF THAT ADMINISTRATION IS DEMOCRATIC. The sad fact is that the Dubya recession was the culmination of eight years of...Dubya. And Republicans controlled both the House and the Senate for almost all of that time.
Research the Gramm-Leach-Billey Act, who cooked it up, and how it created the Dubya Disaster. Essentially, banks and mortgage companies were allowed to become casino gamblers--with other folks' money. And yeah sure, there were SOME Democrats running these financial entities. But it was mostly troo-bloo conservative Reaganite disciples steering the country's financial ship.
Anyway, that was then; this is now. The utter fucking up of the country's economy is an absolute certainty if Trump does what he's been babbling about (and given his cognitive decline and compulsive lying, that's by no means a given). I really don't know if Vegas will be Bargain City in response, or it will slam its doors to all but the well-heeled.
Actual reality -- 
I agree!
Originally posted by: Nines
A majority of Democrats voted for the Gramm bill, too. I won't deny the regulatory failiures of this and other legislative action, but the Dems were involved in passing this one as well.
I don't recall the precise dynamics of the time, but such a bill would never have been cooked up in a Democratic House. I do remember that it was touted as releasing the investment banks from the "shackles" of Glass-Steagall, which the Republicans derided as a New Deal measure that was obsolete.
While House Democrats generally went along with the bill, Senate Democrats did not. But they were a significant minority at the time in both houses. Clinton did sign it, and there wouldn't have been enough votes to override. So he shares the blame.
It has to be admitted that no one really thought that the investment banks and mortgage houses would go so absolutely apeshit crazy with this newfound lack of restraining measures. After all, they were still "conservative" financial institutions, responsible for other people's money. But they gradually turned into a bunch of drunken gamblers buying parlay cards.
Originally posted by: Nines
A majority of Democrats voted for the Gramm bill, too. I won't deny the regulatory failiures of this and other legislative action, but the Dems were involved in passing this one as well.
You should note that a key promise of the Trump administration is to deregulate the economy - specifically the banks. And specifially the Dodd/Frank bank stress tests that make sure they have enough money to cover their loan losses as oppossed to being bailed out by the government again.
For some reason people think this is a good idea. And it probably will feel like it right up until we get another Lehman Brothers.
George W Bush came into office with his infamous "kinder, gentler SEC" that would get its boot off the neck of our free market economy. ANd it took less than a year before we had the Enron and MCI Worldcomm bust.
How long will it take for our free market economy to implode when we take the boot off its neck this time?
