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There were reachable potential Trump voters in 2016, and a lot of people did vote for him just to, as Michael Moore put it, throw up the middle finger and see what would happen. But that was before he ran the country for 4 years as a completely insane dipshit. There were reachable potential Trump voters in 2020 because for a lot of moderate Republicans, they had been forced to confront the reality of what Trump is. There are very few if any reachable potential Trump voters in 2024. Everyone knows who and what he is at this point and if someone is seriously considering voting for him regardless of their rationale, nothing you could possibly say would change their mind. Am I saying there are literally zero people that could be talked out of voting for him? No, what I'm saying is that the amount of effort to figure out if a given person is one of the 85% of Trump voters who think a conviction in criminal court isn't disqualifying is not a very good use of your time IMO.
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# ? Apr 7, 2024 22:59 |
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# ? Jun 7, 2024 10:46 |
I think that Christianity plays a much bigger part in shaping rural American politics than we usually give it credit for. (It obviously also shapes the politics of other groups, but we are discussing rural Americans here.) It's often treated in articles as an undercurrent, but I honestly think it's very fundamental and important in understanding what is going on. Why do rural Americans put so much value on "hard work", and thus reject "handouts"? Christianity. Why is there so much homophobia / transphobia? Christianity. And, of course, Christianity played a huge part in shaping racism in this country, but we all like to memory hole that. And Trump is often treated like a borderline-Messianic figure, here to revive Christianity in America. Obviously, not all sects of Christianity are like this, but the sects that are are very popular in rural America.
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# ? Apr 7, 2024 23:02 |
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VikingofRock posted:I think that Christianity plays a much bigger part in shaping rural American politics than we usually give it credit for... I think these are generally examples of Christianity being shaped by the prevalent politics, like what happens with every religion, so I don't know how useful it is to say that Christianity is "shaping rural American politics." The Protestant work ethic, curse-of-Ham Christian racism, and pro-Trump Christianity all developed in reaction to a surge in demand for bourgeois/slavedriver/petty-bourgeois ideology - they're not any more intrinsic to the textual core of the religion than their polar opposites (anarchist Christianity, Black-liberation Christianity, Trump-is-antiChrist Christianity). Put Marxistly, they're just one slice of developments in the superstructure driven by changes in the base, just like we've seen plenty of bourgeois/racist/pro-Trump tendencies arise in the world of "secular" art or science. It's not a uniquely Christian phenomenon or even one where Christianity behaves very differently from other cultural identities/collective traditions. There's Zionist and anti-Zionist Judaism depending on the community's material relationship with the State of Israel, there's pacificist and pro-war Buddhism depending on whether the community is at peace or at war, there's nationalist and anti-nationalist Islam... etc. Religions are often pretty easy to contort into any way you want to answer modern economic or political questions because they're generally oriented around texts and traditions that originate from long before those questions were coherent, and even if not, they're highly open to interpretation. And it's not just religion either - does the popularity of the "Drapetomania" idea prove that psychological science had a powerful influence on the politics of the Antebellum South, or only that the politics of the Antebellum South had such a powerful influence on their local psychological-scientific output that the plantation class could commission bespoke diagnoses for class enemies? Basically I think you're mixing up cause and effect. Rural America isn't the way it is because "the sects that are very popular in rural America" are the way they are. The sects that are very popular in rural America are the way they are because rural America is the way it is: a political-economic landscape characterized by a coalition between bourgeois, petty-bourgeois, and White proletariat, and correspondingly its cultural output often celebrates wealth, work, and/or Whiteness. I do think you can draw a causal line between Paul of Tarsus' ideas about gender and sex and the extent of modern American homophobia, but even then, anyone who spends too much time online today knows about the rise of a sort of secular homophobia/transphobia so it's not as simple as "Christian/religious influence is why we have to deal with it." Civilized Fishbot fucked around with this message at 00:03 on Apr 8, 2024 |
# ? Apr 7, 2024 23:21 |
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Dopilsya posted:So according to you, 75 million of your countrymen have no motivation, thought, or creed beyond "racism" that could possibly be appealed to. Well I suppose that's a good demonstration of why you can't win an election. 75 million Americans are either racist, or so incredibly stupid as to be repeatedly tricked by racists into advancing their cause, yes.
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# ? Apr 7, 2024 23:35 |
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There are, at the very least, 75 million stupid Americans. We all have that one uncle or cousin who is a dumb piece of poo poo that has gotten conned every year of his life and Trump is just the newest one.
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# ? Apr 8, 2024 00:11 |
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Hieronymous Alloy posted:He's a package deal tho. Anybody voting for, say, low inflation Trump, is at least fine with all the rest as the price for [low inflation]. Anyone voting for him is actively choosing the whole package. more importantly, a vote for trump is an announcement about what isn't a dealbreaker for you, and in this case involving a man who leaves little to ambiguity about
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# ? Apr 8, 2024 01:17 |
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Dopilsya posted:So according to you, 75 million of your countrymen have no motivation, thought, or creed beyond "racism" that could possibly be appealed to. Well I suppose that's a good demonstration of why you can't win an election. what part of American history do you think disproves this
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# ? Apr 8, 2024 01:22 |
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75 million is way too low a number. At best that's the union of "I'm all about the racism" and "I can be bothered to get up and vote"
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# ? Apr 8, 2024 01:28 |
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Majorian posted:While I have no doubt whatsoever that Trump is a hardened transphobe, trans genocide isn't something he's come out in favor of. The GOP on the state level? Absolutely. And Trump will at best turn a blind eye to those bigoted policies that his party advocates. But you mentioned what he's selling. What he's selling is "I'll run the economy better than Biden so that your community gets its jobs back" and "I'll protect you from the scary non-white immigrants." Obviously we know that the way he intends to do this is "bulldoze all undesirables into a giant incinerator," but I don't think most voters in general dig even that deeply into his policies. This is completely false. Trump was absolutely in favor of trans genocide on the federal level, such as the trans military ban and other policies that rolled back the rights of LBGTQ+ citizens across the board when in office. Just like how Nazi Germany banned jews from the military, it's one of the essential steps of genocide. Subsequently for his current campaign Trump has significantly dialed up the rhetoric even further and has promised to take those state level policies and make them nation-wide policies. As an example: That's pretty indisputably genocidal rhetoric from Trump's own mouth.
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# ? Apr 8, 2024 01:29 |
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There were a few times in 2015/16 that Trump made modest efforts to depict himself as a sort of Log Cabin Republican but then he became a normal homo/trans-phobic Republican by the time he entered office.quote:President Donald Trump said he would be different — the first Republican president to embrace LGBTQ people. He said the key acronym (“L, G, B, T … Q”) at the 2016 Republican convention. He held up a pride flag at a campaign event. He initially defended the right of Caitlyn Jenner, a transgender woman, to use the bathroom that aligns with her gender identity. He tweeted, “Thank you to the LGBT community! I will fight for you while Hillary brings in more people that will threaten your freedoms and beliefs.” I wonder if that reflects genuine ideological drift (he became more homo/trans-phobic as he surrounded himself with Republicans) or if it was a calculation that normal Republicans are more electable than Log Cabin republicans. Probably a mixture of both. Honestly it feels like he/the GOP started going much harder after gay and trans people after their efforts to villify Muslims as internal enemies fizzled out. Maybe because constitutionally it's easier to go after gay/trans people than Muslims, maybe because people don't really worry about their kids converting to Islam but a lot of people do worry about their kids coming out as gay/trans. Maybe it's that in the years leading up to 2016 there actually were sporadic incidents where some wackjob got hooked on radical Islam and killed people in the US, and that hasn't happened for a while. Maybe it's just like in 1984 where they have to find a new enemy every couple years or the hate goes stale. But there was a time that the Trump-GOP message was "we alone will defend gays from Muslims" and now it's more commonly the opposite. quote:Twelve years ago, House Republicans questioned whether the Council on American-Islamic Relations (CAIR) was a “terrorist organization.” Last week, CAIR was on site at the board meeting, lobbying for a policy that would let Muslim students skip the LGBTQ reading, to fix what Maryland CAIR director Zainab Chaudry called the “growing sense of hurt and betrayal experienced by our communities.” But not completely the opposite - Trump is still pushing the Muslim ban. Civilized Fishbot fucked around with this message at 01:57 on Apr 8, 2024 |
# ? Apr 8, 2024 01:48 |
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Boeing is in the news again! https://twitter.com/Phil_Lewis_/status/1777070092687188476 https://www.cnbc.com/2024/04/07/boeing-engine-part-fell-off-during-southwest-flight-takeoff-faa.html quote:An engine cowling fell off of a Southwest Airlines Boeing 737-800 and struck a wing flap during takeoff from Denver International Airport, the Federal Aviation Administration said Sunday. It's an older model of 737 though. Not sure if that's better or worse. quote:The plane is an older model of the Boeing 737 than the Max jets. Boeing is under heightened regulatory scrutiny after a January incident when a door plug blew off a nearly new 737 Max 9 when the Alaska Airlines flight was at 16,000 feet, causing a near-catastrophe.
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# ? Apr 8, 2024 02:37 |
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Raenir Salazar posted:This is completely false. Trump was absolutely in favor of trans genocide on the federal level, such as the trans military ban and other policies that rolled back the rights of LBGTQ+ citizens across the board when in office. Just like how Nazi Germany banned jews from the military, it's one of the essential steps of genocide. Subsequently for his current campaign Trump has significantly dialed up the rhetoric even further and has promised to take those state level policies and make them nation-wide policies. I have no doubt that he is in favor of this, but the point I was making is that Trump's stance on trans people does not seem to be one of the top reasons why most of his voters support him. It's red meat to the most rabid culture warriors in his coalition, but I don't think those people are necessarily representative of rural voters as a whole.
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# ? Apr 8, 2024 04:17 |
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Boris Galerkin posted:Boeing is in the news again! Probably better for Boeing, because after a certain point issues like that parts coming off or not being secured become maintenance issues rather than manufacturing ones. Maybe not better for them to be in the news again but my guess is this one is probably not their fault, the newest 737-800 was manufactured over four years ago by this point. Most likely another Southwest maintenance fuckup like is mentioned in the article.
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# ? Apr 8, 2024 04:39 |
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wherever i saw it first someone had commented that what is happening to boeing is actually representative of what has been happening to almost all industry, where it has been consumed with fully financialized hedge fund culture whose only governing rational interest is for the existing corporate suite to work out how best to cash out when it's their turn to cash out, and with no structural interest left in human wellbeing or the longer term health of the company and boeing is just the canary in the coal mine because the nature of, you know, airplanes ... and aviation, and the way that failures in such spheres are lurid and sensational and get everyone's attention, is the only reason why it makes the corruption impossible to hide, so it's a canary in the coal mine elsewhere where c-suite looting is easier to hide, all the same jack welch disintegration carries on at the same accelerated rate. we actually living enshittification in everything, not just the internet
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# ? Apr 8, 2024 05:19 |
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Staluigi posted:jack welch disintegration Highly recommend reading The Man Who Broke Capitalism to learn more about exactly this btw.
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# ? Apr 8, 2024 05:26 |
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It's game day. Good luck to all of you chasing the eclipse. I have my ten-inch Dobsonian telescope packed in my back seat, a cooler, drawing pad and tackle box, and a whole lot of hope things work out for viewing. Didn't think I'd be diverting from Erie, Pennsylvania to Akron, Ohio, but here we go. Clear skies.
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# ? Apr 8, 2024 10:08 |
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Majorian posted:This sounds an awful lot like a strategy that famously had, to put it generously, mixed returns in 2016: But it did work out that way in 2020 and 2022 and the special elections since then.
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# ? Apr 8, 2024 10:30 |
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Staluigi posted:wherever i saw it first someone had commented that what is happening to boeing is actually representative of what has been happening to almost all industry, where it has been consumed with fully financialized hedge fund culture whose only governing rational interest is for the existing corporate suite to work out how best to cash out when it's their turn to cash out, and with no structural interest left in human wellbeing or the longer term health of the company All of our business education, propaganda, and financial regulations insist that all companies are simply legally binding executive games whose only winning metric is stock price. Goods, products, and services are simply the unique tools that the executives have available to goose that stock price for their current play through. The fact that so many companies have managed to still provide something for consumers to actual consume is a minor miracle.
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# ? Apr 8, 2024 10:47 |
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If things were working "the way they were supposed to", the companies that didn't provide working products or good services would fail to make money. Whether or not capitalism can ever be a sufficient motivator for that on its own is another question. I feel like the need for regulation tilts things towards "no"
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# ? Apr 8, 2024 12:09 |
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In a very policy-lite election, so far, housing policy is finally getting a spotlight at the federal level after being delegated to the local level for decades. Trump has now released a partial housing policy for his 2024 campaign. According to analysts, the only part of the platform that may help somewhat is the promotion of building in "economic opportunity zones," but those are seen as incredibly inefficient methods of increasing housing and business that generally take it away from other areas. The other policies are expected to either raise housing prices or maintain limits on supply - which is not too surprising because that is the explicit goal according to the policy statement, so the policies are succeeding in that regard. The Highlights: - Pursue policies that will preserve or increase housing value. - "Protect the suburban way of life" and "Preserve Community and Neighborhood Choice" by preventing states from using federal funds to build increased density housing in suburban areas. quote:"People living their Suburban Lifestyle Dream that you will no longer be bothered or financially hurt by having low-income housing." - Change the measurements HUD uses to determine housing discrimination by eliminating the "disparate impact" rule. quote:The disparate impact rule, which the Obama administration codified into law in 2013, is a legal tool used to combat unfair housing practices against minorities, especially practices that on their surface don’t employ explicitly racist or discriminatory terms. - Create Opportunity Zones designed to attract investors to neglected neighborhoods. quote:The Trump administration created Opportunity Zones (OZ) as an incentive for businesses to invest in low-income and economically distressed neighborhoods, under the 2017 Tax Cuts and Jobs Act. Investments like retail centers and affordable housing would be eligible for tax breaks. - Impose tariffs on Canadian lumber. quote:At a time when housing supply is low, President Trump’s 2017 tariffs on Canadian lumber have put a strain on construction. The administration imposed the tariffs after arguing that Canadian companies were selling lumber at prices unfair to U.S. firms. - Give single-sex homeless shelters the right to turn away transgender people. quote:In a move that could hurt homeless transgender people who often face discrimination, Trump has promised to revive a rule started during his presidency that was repealed by the Biden Administration. Under Trump, HUD changed the Equal Access Rule to give single-sex shelters the right to turn away people whose genders do not match their biological sex. This change better attuned to the needs of religious shelter providers, according to a HUD statement. https://newrepublic.com/article/178952/trump-hud-housing-policy-disaster https://www.forbes.com/sites/advisor/2020/08/25/how-would-a-second-trump-term-impact-major-housing-issues/ Leon Trotsky 2012 fucked around with this message at 15:07 on Apr 8, 2024 |
# ? Apr 8, 2024 15:04 |
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Those most be those economic advantages that Trump is offering rural voters that were brought up earlier. Its gross that "make the housing crisis even worse" is a campaign platform now.
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# ? Apr 8, 2024 15:18 |
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socialsecurity posted:Those most be those economic advantages that Trump is offering rural voters that were brought up earlier. Its gross that "make the housing crisis even worse" is a campaign platform now. Honestly, I don't think a platform of "protect property values" and "don't let builders/the government ruin your neighborhood" is going to be a wildly unpopular sell. He is just being a tiny bit more explicit about the unstated reasons we have had bad housing policy nearly everywhere for the last 40 years.
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# ? Apr 8, 2024 15:20 |
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Leon Trotsky 2012 posted:Honestly, I don't think a platform of "protect property values" and "don't let builders/the government ruin your neighborhood" is going to be a wildly unpopular sell.
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# ? Apr 8, 2024 15:29 |
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VikingofRock posted:I think that Christianity plays a much bigger part in shaping rural American politics than we usually give it credit for. (It obviously also shapes the politics of other groups, but we are discussing rural Americans here.) It's often treated in articles as an undercurrent, but I honestly think it's very fundamental and important in understanding what is going on. I’m from the rural south and my observation was always that bigotry is driving the cart far more than Christianity, because frankly Christianity can be whatever you want it to be. You can do a very leftist reading of the religion. It honestly takes some effort not to. People fall into particular sects of Christianity because they are coherent with their preexisting worldview. Now, they’re both shaping each other for sure, and people who feel a little sort of way about, say, gay people are going to go somewhere where they’re told “gay teachers want to recruit your students” and get radicalized in a way. In my experience Christians who fall out of the religion don’t tend to suddenly drop the negative aspects that were present, unless (like in my case) recognition and rejection of those negative aspects are what led to the falling out.
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# ? Apr 8, 2024 15:45 |
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It's certain types of faith, not just Christianity at large, that matters. Catholics, Baptists, Mormons and on are going to present their own issues and complications for politics.
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# ? Apr 8, 2024 15:55 |
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Biden to announce the details of his second attempt at Student Debt Cancellation at an event in Wisconsin today. This plan is more targeted to comply with the Supreme Court ruling and authorized under the 1965 Higher Education Act authority instead of the 2003 HEROES Act. Some details will be announced at the event and later this week, but the info they have leaked so far indicates: 1) It will cover about 75% of the people under the original loan plan (roughly 30 million people) and not be a flat forgiveness amount - some people will have all of their unpaid interest forgiven, some people will have their entire balance forgiven, and some people will have up to $20,000 of their loans forgiven. The amount/type of forgiveness depends on your income (anyone making over $120,000 each year - or $240,000 for married couples - for the past 3 years is capped at $20,000 forgiveness for unpaid interest only) and specific circumstances. 2) It will be more targeted forgiveness and target these specific groups: - Borrowers who owe more than their original principle balance or have unpaid interest (roughly 25 million people) - Borrowers who have had their loans for at least 20 years (roughly 2 million people) - Borrowers who would have qualified for previous loan forgiveness programs, PSLF, or income-based repayment forgiveness in the last 20 years, but did not sign up for them (roughly 2 million people) - Borrowers who attended "low-value" schools where the cost of the degree greatly exceeds their potential income (no specifics on details, unknown amount of people - Politico estimates about 200,000 people) - Borrowers who face "economic hardship" due to their student loans (no specifics, but this is the big category that could be very broad or very narrow depending on how they define it, unknown amount of people) - Everyone on existing Income-Based Repayment programs will be converted to the new SAVE plans. Only those who were enrolled in "low-value" educations, are facing "economic hardship", or have had their loans for at least 20 years are eligible for unlimited total forgiveness. Everyone else will have all of their unpaid interest wiped out and then moved to a SAVE plan where interest cannot accrue beyond the principle. https://twitter.com/politico/status/1777293701984801237 quote:Biden’s next student debt relief plan will cover more than 30M borrowers Leon Trotsky 2012 fucked around with this message at 16:08 on Apr 8, 2024 |
# ? Apr 8, 2024 15:58 |
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Shammypants posted:It's certain types of faith, not just Christianity at large, that matters. Catholics, Baptists, Mormons and on are going to present their own issues and complications for politics. Catholics are a good example of what I’m saying, I think. Because politically the Catholic religion itself is probably more explicitly problematic than most Christian sects, but since it has a big urban tilt to its adherents they on average tend to be less right wing. It also may “help” that right wing radicals targeted them for a long time.
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# ? Apr 8, 2024 15:59 |
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Moving everyone to income-based plans where the interest cannot exceed the principal seems like it could be more durable than relying on PSLF forgiveness,which could be dismantled more easily.
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# ? Apr 8, 2024 16:11 |
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It seems like the strategy for Trump's campaign with abortion is to not talk about it, but if they win they are going to attempt to use the Comstock Act to get abortion banned federally https://twitter.com/mjs_DC/status/1777332883008479446
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# ? Apr 8, 2024 18:12 |
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VikingofRock posted:Why do rural Americans put so much value on "hard work", and thus reject "handouts"? Christianity. Are rural people actually obsessed with "hard work?" Do they "reject handouts?" Why are we even discussing "rural Americans" as if they're a distinct ethnoreligious group?
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# ? Apr 8, 2024 18:18 |
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FlamingLiberal posted:It seems like the strategy for Trump's campaign with abortion is to not talk about it, but if they win they are going to attempt to use the Comstock Act to get abortion banned federally I feel like it’s going to be hard to stay quiet when state-level republicans keep going hog wild
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# ? Apr 8, 2024 18:31 |
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Halloween Jack posted:"Because religion" is a lazy explanation. Why religion, then? It is exceptionally lazy as an explanation if one is aware of the history of religious socialism in the US and it’s eventual relationship with one of the two political parties and several recent presidents / notable politicians.
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# ? Apr 8, 2024 18:34 |
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haveblue posted:I feel like it’s going to be hard to stay quiet when state-level republicans keep going hog wild that and the second trump stays quiet about it for too long the dumb uber trad types start screaming about why isnt trump talking about it.
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# ? Apr 8, 2024 18:35 |
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haveblue posted:I feel like it’s going to be hard to stay quiet when state-level republicans keep going hog wild The plan is to assuage swing state voters who might be nervous about Trump winning meaning a nationwide abortion ban. They are also telling state-level Republicans to calm down until after the election. quote:Mr. Mitchell, who represented Mr. Trump in arguments before the Supreme Court over whether the former president could appear on the ballot in Colorado, indicated that anti-abortion strategists had purposefully been quiet about their more advanced plans, given the political liability the issue has become for Republicans.
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# ? Apr 8, 2024 18:41 |
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it's fine I'm sure Biden is exactly the same on abortion as well, secretly
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# ? Apr 8, 2024 18:53 |
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If there's one silver lining to the very dark cloud of social media amplifying and reinforcing the right wing, it's that the right's adjacency to grifting makes them incapable of shutting the gently caress up about anything for any meaningful length of time. They all have to compete with one another for the attention of the audience, and trying to purposely not talk about something is effectively just driving your audience to someone else who will keep talking about it. They all have to constantly try to differentiate themselves by being even louder, even more extreme, etc. Even if it turns away the average voter by looking too crazy, as long as they can keep their audience fiefdom intact, the grift can keep flowing.
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# ? Apr 8, 2024 19:20 |
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single-mode fiber posted:If there's one silver lining to the very dark cloud of social media amplifying and reinforcing the right wing, it's that the right's adjacency to grifting makes them incapable of shutting the gently caress up about anything for any meaningful length of time. They all have to compete with one another for the attention of the audience, and trying to purposely not talk about something is effectively just driving your audience to someone else who will keep talking about it. They all have to constantly try to differentiate themselves by being even louder, even more extreme, etc. Even if it turns away the average voter by looking too crazy, as long as they can keep their audience fiefdom intact, the grift can keep flowing. This being a benefit relies on a critical mass of the electorate not liking those views enough to vote against them, which I had a lot more faith in a decade ago. Abortion does seem to be the one that moves needles though at least.
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# ? Apr 8, 2024 19:22 |
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Friend in CDMX posted the first picture of the eclipse on his FB:
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# ? Apr 8, 2024 19:44 |
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single-mode fiber posted:If there's one silver lining to the very dark cloud of social media amplifying and reinforcing the right wing, it's that the right's adjacency to grifting makes them incapable of shutting the gently caress up about anything for any meaningful length of time. They all have to compete with one another for the attention of the audience, and trying to purposely not talk about something is effectively just driving your audience to someone else who will keep talking about it. They all have to constantly try to differentiate themselves by being even louder, even more extreme, etc. Even if it turns away the average voter by looking too crazy, as long as they can keep their audience fiefdom intact, the grift can keep flowing. this. the crazies and hardliners in trumps group wont shut up and will scream the hardcore poo poo forever because the crazies get spooked if they arnt being assuaged constantly. Fork of Unknown Origins posted:This being a benefit relies on a critical mass of the electorate not liking those views enough to vote against them, which I had a lot more faith in a decade ago. Abortion does seem to be the one that moves needles though at least. sorta. america was way way way more socially conservative not even 10 years ago, id say the pendulum started to swing since the end of the obama years and faster during trump. obviously their is still ALOT of work to do but i think a silent majority of folks in the US are mostly vaguely socially liberal in a "live and let live" sense. should that be better sure, but i think the GOP basicaly screaming fog horn bigot poo poo, freaks the normies out. and the fact that the GOP is just doubling down on trad freak anti female stuff, hurts them more. like 15 years ago, we were still debating if even civil unions would be a step. now most people dont care about gay marriage and alot of u40s are chill about most LGBTQ stuff. lines in abortion worked when stuff was hypotherical but now its not.
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# ? Apr 8, 2024 19:48 |
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# ? Jun 7, 2024 10:46 |
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Biden is speaking about the new student debt plan now. So far, the new information he's provided is: - The interest forgiveness would kick in by early fall and the other provisions would kick in by next summer. - Final rules will be out for the mandatory public comment period in the next month. - Didn't specify what is required to fall into the "financial hardship" full forgiveness category, but gave examples of "has medical debt," "has childcare expenses," and "loan payments make up a large portion of their after-tax income." - People who received loans to attend "career training programs" that weren't specifically for college will be eligible for full forgiveness if their program meets the same "low-value" standard used for college degrees. - Interest forgiveness for everyone and full debt forgiveness for people with loans older than 20 years or who qualified for other forgiveness programs would be automatic with no application required. - About 4.5 million people would get their entire balance wiped out (about 25% of the estimates compared to the original plan), but around 32 million people (about 75% of the total amount compared to the original plan) will get at least $5,000 in relief from the interest-only forgiveness. - The average borrower would get about $7,000 in relief from the interest forgiveness. Benefit is capped at $20k of interest forgiveness for people with income above $120k (or $240k if married), but no cap if you are below the income threshold. - These categories were chosen because they have been used and held up to legal scrutiny before. The scale is different, but they think this will pass court muster as outlined in the Supreme Court decision. - The first half of the SAVE plan kicked in last year and the new disposable income payment caps and calculations will kick in this Summer - making the new SAVE plan fully implemented by the end of Summer. People on existing IDR plans will not be transferred automatically onto SAVE plans until next year, but they can do it manually now.
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# ? Apr 8, 2024 19:56 |