Comments by "DXR" (@MrDXRamirez) on "Bloomberg Television" channel.

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  18. So he proposes GDP increases (making people work harder) pressured to work harder due to cuts on the side of social spending. It won’t work because our economic system depends on the value of wages never falls below levels where people cannot survive and never high enough to cause profits to fall to a point where corporations say there is no money in this business, close it down. McCarthy is not aiming to balance wages and profits. He is pushing labor into a corner and straightjacket. He is proposing Austerity for the many but not for the military; not for the owners of property and financial wealth; not for a de-escalation of over-spending abroad (throwing money away on bombs and weapons) even worse news for 55 million poor people unable to afford food, rent, mortgages, pay off medical bills, no to student loan cancellation the young straddled with debt on top of other debt, car loans, house loans. These people will have to double their work efforts for employers who benefit from the productivity increase to make the debt to GDP ratio less than more than half of what all Americans who work produce; mind you there are Americans who never work because they are rich enough to avoid working for a living, but they do consume. And their consumption is paid for by the many. McCarthy proposes no cuts in their consumption habits; thus he adds more privilege to the privileged; people who do not have to double their work time such as himself a top earner who works 7 months out of the year and can still use the public funds for military junkets when not in Congress traveling and meeting foreign dignitaries making deals for his donor and, driving the price of things up. Good news for people like Trump, Gates, Soros, Bezos, Zuckerberg and Co. So here is why America is a poor country with very rich people in it. You get what you vote for.
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  24. The reason people comply with doing overtime and over work for the boss is because the rich know they cannot become richer if society is full of individual commodity producers. Trump has to glorify the idea of being free, freedom and equality, which really means living in a constant state of dependency and need made common to all nations and then by punishing nations to accept American products exchangeable only with American dollars. There would be no way to make greater profits if everyone had the capacity to produce for themselves as in the old days. Everything has to be a market and they have to expand that market and this butts up against a rival like China who is the maker for American sellers of goods is a dilemma for the Trump administration. Oh, What to do about China? China is becoming a new seller on the block expanding its own market. Not with its products but with its capital it lends and partners with developing nations so they can stand on their feet and become buyers. China is nurturing its young upstart buyers in its nursery. Trump should be asking: What to do about America with its poor parenting skills that it cannot nurture young republics no matter how hard it tries for lack of its own parenting skills for economic development. China gives the young its capital in long term lending and Trump gives them the belt. Then he has surrounded himself with fringe lunatic people in decision making positions few Democrats cannot figure out and fewer still in his cabinet know what they are doing. The most recent abberation of an anomaly is the AG Barr. The world is only so big and it is too small for the US to share with a rival plus, the US overproduces through China and is struggling to find new markets fast falling apart due to currencies deviations, migration, war devastation, causing nations to save spending for rebuilding or coping with natural and social disasters, that buying Nike sneakers or Gucci handbags is not a priority against crisis and devastation in their own backyard.
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  28. When Trump calls the government political elite "Scumbags" he is not all wrong. The US government is dominated by a provincial minority. Easy targets for street smart people like Trump. Plus, their policies are failures to everyone else because they only work for that provincial minority. He gets that. The rank and file of his support are angry people, resentful for the economic losses endured, were thrown into the dirty world of poverty in some cases. This makes the established ruling minority easy targets for political rage.  Compared to losing jobs and industry being called a scumbag is mild for the people who got stripped of their productivity and prosperity when corporations were allowed to get too big to fail. This meant the democrats dared not take away any defense industry funding because industry and jobs are political in America that they became big centers for incomes and jobs. When they were free to export production and US job overseas annihilated the industrial working class. The day industry and jobs are just industry and jobs, not political capital, will be the day this social rage and vitriol will disappear, when capital and labor rejoin again. I can't blame it all on the privincial minority that governs America as its ruling class. A provincial minority are a product of history too, of American prosperity. They made their money and wealth in the same economy most people lost their money and wealth. It wasn't smarts, that made them rich, it was inheritance.
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  36. The FEMA director Peter Gaynor commands 14,000 employees, several huge federal warehouses that can fill three aircraft carriers stocked with material of all types from A to Z, and 13 government agencies. In short FEMA is a standing army and compared to the US military it is small. The military is a force of 475,000 soldiers and dwarfing the size of personnel of the military is a 1 million man police force in law enforcement all equipped as we have seen on occasion when called out to quell riots full battle regalia. The federal government, therefore, has three huge standing armies. The military has at least the same material but four times the amount of all nations combined, that is 127 nations! This is what makes the US an empire. FEMA alone could outfit the entire US with a hospital system in every state making our ordinary hospital system with all its combined resources the size of the state of New Jersey and with that shrinking, overwhelmed, reduced to the size of Rhode Island. The 14,000 employees include experts of all types, engineers, doctors, medical emergency and police, workers and the army Corp of engineers. FEMA could produce material and distribute material. The production of ventilators is a piece of cake if they do not already have them stocked which they do. The society I envision is one where the needs of all citizens can be met for three generations spanning 100 years going forward and a reduced work week from 40 hours per work of a workforce of 133 million people to 20 hours per week for all 334 million and not put a dent in the quantity of material and resources the federal government commands. To give you some proof of one small fraction of this productive power see Big Bertha boring the tunnel under Seattle Washington. One machine, a giant drill is run by four operators at the helm the whole tunnel project 2 miles long employs a workforce of 800 workers. In fact, of all the parts of the society as a whole the Public has the least down to a bare minimum hand to mouth existence from lack of its rightful share of the material wealth and resources its high level of productivity creates. In my view, the priority that makes the federal government insist the Public rely on the private sector for all its needs is its persistence to be a world empire which in this day and age is doing more harm to the planet and the species as a whole. This epidemic makes me question three things about America in order that trust be restored (1) capitalism or the government's reliance on the private sector, (2) ecology and economic inequality in society, (3) public health.
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  38. Samsung produces memory microchips more than anyone on the planet but they do not produce logic microchip processors which are made by TBCS in Asia not China and are in greater demand than memory chip processors. TBCS engineers are the creme of the crop in this technology. But recently a new manufacturer of the component is on the scene does not design or engineer but only manufactures the unit. The Senate seeks to capitalize on this industry for the production of logic microchip processors that go into semiconductors. The Bill is a shot in the arm and gets the attention of the Senate more than the American Rescue Package watered down which is to resuscitate the failing US economy for millions of Americans. But I have to say all this comes too late as China is light years ahead of the US moving toward technology independence. Both parties coming together on this issues signifies the Senate unites on ideology more than common sense brings them together because what good is a semiconductor industry if you do not have the brain-power. The brains left the US to follow where the semi-conductor business went which used to be in Texas and is now in Switzerland happened 20 years ago. That's how late this Senate arrives at the scene. Too late. While the world was taking real steps toward this technological development the Senate was divided on ideological grounds and let the economy go to pot. This can only mean the Senate is delusional not building from the ground up to develop the brains and general economy and then the semi-conductor industry are pressured and making decisions according to the fear they have of communism not according to what the US needs to remain dominant in this field. China has the Five Year Plans and the Senate has reactionaries as elites who never surrender to communism no matter how wrong they are.
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