Dow Hits 20000 for First Time • Hacker News Board

Re: Dow Hits 20000 for First Time

#211

Post by nrjdhsbsid » Sat, Jan 28, 2017, 11:24 PM UTC

breatheoften wrote: post #140

jakeogh wrote: post #128

Earlier quoted context omitted.

"Freezing federal hiring literally will cost jobs" Jobs in government, not in private industry. Would you rather we all go on the gov payroll?

Since we are speaking in ridiculous hyperbole -- if everyone worked for private industry and no one had the option to work for the government -- what do you expect would be the effect on the distribution of wage and labor benefits?

None? What does government jobs have to do with equality? Well over half of US works for private companies already, the impact of no government jobs would be minimal if you ignore the obvious problem that we wouldn't have a government.

Arguably companies would come in to replace the government. Private security, private trash pickup, private road maintenance. It would work, but I'm not sure how well

Re: Dow Hits 20000 for First Time

#212

Post by nrjdhsbsid » Sat, Jan 28, 2017, 11:29 PM UTC

crusso wrote: post #149

crisnoble wrote: post #122

Earlier quoted context omitted.

Freezing federal hiring literally will cost jobs, so is in no way pro worker. Employees of the government are workers too. The ACA benefits my wife who was able to quit her job to start a business without worrying about being denied healthcare for her pre-existing condition. The ACA benefits all workers in businesses who now are required to offer healthcare plans which meet a minimum standard. Workers will not benefi…

Government jobs are paid for through taxation. Taxation is a form of theft and at best should be considered a necessary evil for running the government that everyone agreed to - as outlined in the Constitution. The Constitution never allowed for the massive Federal work force we have. It's a bit of a leviathan that needs to be reduced. Sure, the ACA has some short-term, especially anecdotal benefits. I'm glad your wi…

The ACA just piled onto the clusterfuck we already have. At a federal level we've already got Medicare, Medicaid, Tricare, and now the ACA. Within medicare we have "parts" A through D that offer a bunch of intermingled benefits. Even when someone has medicare it's a huge fucking pain in the ass to figure out which "part" to bill and if you send it to the wrong one they won't pay.

Many states have their own programs as well.

It's a gaint fucking mess they need to cut the shit and just throw everyone on Medicaid

Re: Dow Hits 20000 for First Time

#213

Post by nrjdhsbsid » Sun, Jan 29, 2017, 1:02 AM UTC

PopsiclePete wrote: post #161

nrjdhsbsid wrote: post #18

Trump for all his craziness is vehemently pro business. I know the whole tech crowd wants him to crash and burn but the stock market rising is no surprise to me. Whether it's worth the damage done to the poor and the environment is yet to be seen.

As a business owner, of a large multi-national company heavily invested in various non-physical IP-heavy "product", say, Disney, wouldn't Trump's move to pull the US out of the TPP not make me shit my pants with fear for the future? One of the key provisions of the TPP was to force Asian countries to adhere to strict US copyright laws. And that makes sense, since IP companies' products are what the US really exports…

This sounds great but the TPP didn't include China, by far the biggest IP violator on the planet. The TPP was more of a giant conglomeration of things that various large companies in different countries wanted.

The text of the agreement was drawn up as secretively as possible because everybody knew the only point was to help the fortune 500 and fuck over everyone else.

I'm glad it's dead.

Re: Dow Hits 20000 for First Time

#214

Post by thegayngler » Sat, Feb 04, 2017, 4:23 AM UTC

thegayngler wrote: post #157

This is nothing more than a sugar high before the inevitable Trump crash. He likes to take credit or stuff other people did. Then when Trump actually does something and it doesn't go well he pushes the blame onto someone else. The stock market indexes were already up significantly as a result of Obama's policies. I'm just not here for Trump or others assigning credit to Trump for something Trump had very little to do…

I got down voted for this. However, I was right that it was a sugar high and not based on the numbers. It was some blanket assumption that Trump would automatically be "good for the market" because "deregulation". Deregulation isn't always good.

"Customers" will be a lot less likely to spend money if they aren't adequately protected when they do. Regulations also exist to protect the health and safety of the US citizens. It protects business from getting sued when they didn't follow the regulations.

So businesses and consumers benefit from regulation and that there is no gain to be had here. We are just trading the small gains in stock price for lots of additional risk legally and otherwise.

I didn't even bring up the fact that Trump may unwittingly get us into a trade wars with some of our biggest trading partners by threatening to go to war with them or threatening them with tariffs when they don't do what we say.