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Jul. 21st, 2019 10:59 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsI'm also puzzled why in peaceful and prosperous times the question about who loves America the most and what's the right way to do it suddenly becomes so important to the president and his supporters, e.g. here: https://chasovschik.livejournal.com/1242903.html
Is this just another opportunity to express tribal loyalty? Or maybe people feel that peace and prosperity are sitting on quicksand of borrowed money and when the whole thing starts shaking they will end up holding an empty bag of government promises, instead of jobs, pensions and healthcare. Love implies a certain level of irrationality and sacrifice. For the sake of what? What is it that is going to require sacrifice from the citizenry?
From an investor perspective, Ray Dalio says that low-yielding debt is worthless even as a store of value. At the same time, the government creates this worthless debt on a massive scale and stuffs it into all major social programs as a source of future payments. This doesn't make any sense, unless the value of government promises is going to be a lot lower, than today. Clearly, neither demographics, nor productivity gains support this outlook.
Is this just another opportunity to express tribal loyalty? Or maybe people feel that peace and prosperity are sitting on quicksand of borrowed money and when the whole thing starts shaking they will end up holding an empty bag of government promises, instead of jobs, pensions and healthcare. Love implies a certain level of irrationality and sacrifice. For the sake of what? What is it that is going to require sacrifice from the citizenry?
From an investor perspective, Ray Dalio says that low-yielding debt is worthless even as a store of value. At the same time, the government creates this worthless debt on a massive scale and stuffs it into all major social programs as a source of future payments. This doesn't make any sense, unless the value of government promises is going to be a lot lower, than today. Clearly, neither demographics, nor productivity gains support this outlook.
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Date: 2019-07-21 06:30 pm (UTC)no subject
Date: 2019-07-21 06:38 pm (UTC)no subject
Date: 2019-07-21 07:03 pm (UTC)no subject
Date: 2019-07-21 07:12 pm (UTC)https://twitter.com/realDonaldTrump/status/1150720283654938625
Actually, they haven't done anything beyond making speeches or proposing harebrained plans to fight global warming, etc. No new legislation, no nothing.
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Date: 2019-07-22 07:35 pm (UTC)Far more jarring, when Trump bragged about moving the US Embassy to Jerusalem and recognizing the Israeli annexation of the Golan Heights, he told the crowd – all American Jews – “I stood with your Prime Minister at the White House to recognize Israeli sovereignty over the Golan Heights.”
This comes up again and again.
Back in October when the President visited Pittsburgh after the Tree of Life synagogue massacre, the White House arranged for the President to meet Israeli Ambassador Ron Dermer at the front gates of the synagogue. It was as though American Jews are somehow an expat community of Israelis resident in the United States. This is a vision both Trump and the current Israeli government are eager to cultivate. <...>
Trump doesn’t talk about dual loyalty. He doesn’t seem to see American Jews as Americans at all. Just Israelis who happen to live in the US. <...>
To Trump, Jews are outsiders. In some cases helpful outsiders but outsiders nonetheless. Trump’s an anti-Semite.
https://talkingpointsmemo.com/edblog/trumps-consistent-jews-are-outsiders
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Date: 2019-07-22 07:41 pm (UTC)