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The policies of Obama administration had elements for sustaining the hard work that had been achieved. Even the saving that ACA produced were of design as a first phase model, of which Republican spent 6 yrs and counting trying to damage it; including making unreal promises to insurance companies if they pull back and help them destroy it, while the destruction game included devised gaming to promote rate hikes, while fighting the mandates that were of design to force cost downwards.
The elements within the economic strategy of Obama included a "Jobs Bill" that Republican attacked day and night, equal pay for women, which Trump attacked and promoted more gender bias and the raise to the minimum wage. These are components that help stabilize growth. All of which has been under constant attack by Republican. Republican Governors like Scott Walker and Bobby Jindal, did everything they could to attack and make aims of defeat for any and all Obama programs and policies.
Republican wanted the Auto Industry to fold over, and they detested feeding and housing people during the worst economic meltdown since the great depression, yet they resented people being helped with housing and rent. They attacked and supported agreements with China that damaged the Solar Program, because they did not want it to succeed, because it involves "energy" and the energy committee is a manipulative and power organization, that wants nothing to challenge Oil.
Then they fought every minute trying to defeat the Mortgage Modification program, as well as they try to make little of the Cash for Clunkers which gave body and base to the Auto Recovery.
They tried to blame the housing crash on the working class, when the issue was wall street and the packaging games, derivatives and playing the Credit Default Swapping game, when they knew they have over sold and set a program with a ticking bomb with the rate hikes to try and deliver on the promises of bonds that had no means to produce the advertised gains. Not when the wage was stagnant, war cost were tremendous and the excessive influx of imports, blinded the republican to think they could attack everything, and all they did was set up for the ongoing of 30 billion a month in trade deficit with China, 30 billion a month in Iraq, and 20+ billion a Month in Afghanistan, and a global escalation of weapon selling, and the program started under Bush of using soldiers for hire that could not be shut off like a switch, that wasted billions upon billions..
Then they wanted to attack and damage American lands with the Oil Pipe lines that had no solid program to make secure means to build with regard to the cautions that had alarm bells going off in every sector they claimed to want to build.
We watched States Like Florida, who ignore EPA, and allowed the Sugar Cane companies to keep dumping and then they had an Alge melt down and suddenly they were crying for Federal Help.
Trump came in along with ongoing republican attacking Trade deals, as if they were blind minded to the fact that the 'supply chain industry' is established on multiple foreign lands, and no one can get around that, because you can't pick it up and move it.
As long as the working poor and dire poor are in turmoil, the Republican Party loves it, because they can play on anguish while they finish ripping the people down until the people will accept even the damage to the environment along with allowing Financial and banking to go back to their greed games. This has been and is the madness of the Republican system.
They continue to support Trump because he generates the havoc they love. They have no plan, as we saw with the "kill American's" health mess they proposed, they have nothing. But support for more greed and the desire to disregard the process of Regulatory Governance.
When it is Regulatory Governance that Gave America the confidence the world supports, which is why they have faith in our currency. When that Regulatory Governance is damaged, so will the dollar meet damages as well.
Many people don't want the truth, they like the fictions of drama and the spin of contentions, and Republicans specialty is... fiction and drama spins, and a stern reliance on the generalized "Selective Amnesia" that is common and basic to the ideology of the Republican.
At this point people need to wake up and get over the pipe dreams of fiction Trump is selling, Trump is a Tax Cheat, and has stiffed City after City for Tax Concessions, and his #1 aim and priority is to get Tax Cuts for the wealthy and to try and abolish the Inheritance Tax.... he will do anything to try and achieve those aims. Part of that so called 3 Billion he has, came from fleecing programs, not paying banks and 900 million in a single year of Tax Cheat, and the same cycle of massive deductions year after year for more than a decade. Then using "dark money" when the banks got tired of being fleeced, so now he is beholding to the Oligarch's of Russia, and he thinks the masses are too ignorant to see and understand.
He has told the people, over and over and over, every day, how he thinks all the world is ignorant, and he thinks his fleecing and denigrating everything over and over and over, is suppose to impress upon the people as if he is smarter than others. Then man is a low life shyster, who has cost American much waste since he has been in office, and the decades of fleecing cities which means the citizens of those cities paid for those tax credits, and he thinks them dumb enough to accept it without knowing they've been fleeced.
The whole of the Republican Congress insults themselves more every day they back and support him, and they will implode with a devastating loss of integrity, that will last for decades and all the coming generation will know of the damages they have cost this nations, going all the way back to the Nixon Republican Era.
It does not matter so much what the die hard Trump supporters promote, they have exposed themselves as divisive, and supported the arousal of the white nationalist, the other hate groups and become even sympathizers with the Nazi racist in this nation. That can't be wiped away like a drip of water on glass, that is like a ink stain on virgin cotton. It is a blemish that will not be washed away.
No economic benefit has been gained for the masses in the past 10 months, and each jobs report shows a lesser number of job growth than during the Obama Administration.
We watched the poor handing of a devastated people of Puerto Rico, and if people go back and read the history they will find the conduct matches with historical neglect that has a long history going back many decades.... the Puerto Rican were treated as bad as minorities on the mainland, and in the mix of the neglect and abusive misuse of people, the poor whites were used like pawns, for street commotion, to keep the attention from the wealthy who have fleeced poor whites and minority groups for Centuries and Decades. It only takes a bit of historical research to understand the dynamic of the poor and working poor in America and how they have been used consistent assault by the wealthy.
Look at the age of low wages in an era when the wealthy now count their money in billions, and Trump fights against a minimum wage hike. It's absurd. A poverty infested people can be made to accept anything, and the wealthy know this, so those like Trump delight in the sham, while they push to destroy any means of using any resources from the wealthy by tax of otherwise to support anything that benefits the working class and the poor in America.
People should go and read the history of Poverty, not just in America, but the historical framework of poverty back to the British Rule and how it functioned in many lands. Poverty is profitable to the wealthy.
I would discuss some of this with you, but your posts are too long. Plus - I don't get on here as much as I used to.
You say that many people don't want the truth ... I do. Do you?
Example... the bold above - I will start a thread on that topic that runs contrary to the narrative.
I would discuss some of this with you, but your posts are too long. Plus - I don't get on here as much as I used to.
You say that many people don't want the truth ... I do. Do you?
Example... the bold above - I will start a thread on that topic that runs contrary to the narrative.
When you do write consider this. We spent $30+ Billion A MONTH in Iraq for a Decade, , not counting the continued spending on War in a regions we damaged badly, and have more debt to repair much of that damage in the coming decades. YET... we have a issue with allocating money for Texas, Florida, Puerto Rico, The Caribbean Areas and now the massive Fire in California and then earlier in the years the Massive Fire in the North-Western Region. And we have an issue with medical care for America people. We even did a path up job in New Orleans, where any threat of bad weather they face calamity.
We have not even gotten to the Spring on 2018 when Tornado Alley lights up with damages.
The post may be long but they only touch on fragments of the "millions of pieces" that are within the dynamic of life, conditions, situations and challenges across our landscape...
At no time should any President get in a word battle with a devastated people - one thing President Bush did not do, was engage in "talk down" to the people who were enraged with the devastation's during and after Katrina.... Bush, had more dignity than to be of such vile disregard and lack of empathy, he did not show a image as President of one who was belligerently void of compassion. New Orleans had many impoverished people, but Bush did not go into a cycle of talking down to the people and whining and crying about money and insulting the people when they were at their lowest. I've seen the devastated terrain and the difficulty of navigation, but when such exist, we don't make big issue with what we know, we work on how to deal with it, and how to get the resources we need to where we need them.
The General that worked Katrina, said it was a poor performance and he is well aware of the challenges within the arena.
All focus should have been on these areas of major disaster, not about some football players and trying to dictate some fake morality, that is not evident in the general demeanor of Trump and never has been. If it had been, he never would have fleeced, banks, IRS and everything else he has come in contact with.
Heck, hid daddy did the same when he diverted government money that was slated for building government housing, and used some of it to build his personal properties.
Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.
So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.
The Dow just passed the 23,000 mark. Up 4,600 in seven months.
I understand that a small minority of people are benefiting... but many of them are the ones hating on Trump, but are profiting very nicely from their investments.
Ok, here are some facts for you, relative to how this DOW works. First of all, this new number is simply a continuation of an 8 year trend...........8 years, and guess who was in the WH until 9 months ago ?
Secondly, there has been no significant legislation that has occurred in the past 9 months that would have contributed to this rise.........NONE. So, for you to think Trump has had any effect on it is simply someone who does not understand the financial markets at all , trying to say something nice about Trump.
Ok, here are some facts for you, relative to how this DOW works. First of all, this new number is simply a continuation of an 8 year trend...........8 years, and guess who was in the WH until 9 months ago ?
Secondly, there has been no significant legislation that has occurred in the past 9 months that would have contributed to this rise.........NONE. So, for you to think Trump has had any effect on it is simply someone who does not understand the financial markets at all , trying to say something nice about Trump.
Those are the facts.
The point of the thread was to debunk the expert, and to call out those rich elites who hate Trump that are profiting from where we are. It was not to credit Trump.
Just tell me - do you think the presidents are responsible for the market... I have already stated that they have indirect influence, but not direct responsibility.
Do you also understand that for most of that we're still running on the momentum from Obama, and his legacy?
We're going to start seeing Trumps results here soon. My prediction? No idea. Some things look positive, some look drastically negative. What it balances out too? Your guess as is good as mine.
Not really. Wall St. is banking on tax cuts. Tax cuts will elevate corporate profits and raise stock prices. Clearly that has nothing to do with Obama. If the tax cuts do not materialize then look for the biggest crash since 1929.
In the words of the late great Tom Petty, "What goes up must come down..." Eventually it's going to come crashing down and it's not going to be pretty.
Not really. Wall St. is banking on tax cuts. Tax cuts will elevate corporate profits and raise stock prices. Clearly that has nothing to do with Obama. If the tax cuts do not materialize then look for the biggest crash since 1929.
If the tax give away to the wealthy does materialize, it will lead to a greed that will bring down the global economy, and there won't be an Obama to fix it.
It will likely trigger a global calamity and a devastated America. The obligation we have as a nation are many, and we are in debt, and have massive needs in infrastructure, health care, and every category within this nation. We have no high speed rail, we have no program that is sufficiently funded for the massive disasters that are not going to stop.
Yet, we have a belligerent imbecile, doing what he has always done... and that is be a tax cheat and now he wants to do it on a national level and get the imbeciles who support him to pass it. It's the most insanely criminal things one can imagine. When this nation is still working through the last Wall Street greed cycle, that nearly destroyed the world economy.
the biggest program we face now, is the congress is allowing this monster to exist, and when it caves in they will say... "we should have"... ???? XXX ???? by then it will be too late and too much damage and no means to fix or repair it.
Trump has to be on the order of one who sets the stage for Anti-Christ like Catastrophe... that will circle the globe with every kind of devastation that we don't even want to imagine.
He'd destabilized everything he can... and congress is sitting there in their Lush Wealthy Lives playing power games and being 100% Ignorant.
What it demonstrates is the vile that makes up not only the Republican Congress but its Constituency, and its entire systems is a disaster against everything that America was founded upon and stands for.
When people follow a fool, they are demonstrating their foolishness, and they will be the first among the victims of their own foolishness. America is headed toward the self destruction that Putin would love, and Trump is bought and paid for to contribute to that madness. The man has never had integrity and no matter how far he pushes his greed, he cannot buy it. Only fools fall at the feet of a "desperate man in a self consumed pursuit of money".
The bigger problem is: This nations has made a huge mistake and it has not the guts to remove Trump and all his appointments.
The climate in America and Around the World is in a chaos and its costing 100's of billions of damage with no means to fix it as long as Trump exist. America has to have a means to "Annul" this Presidency, which would mean, remove everyone Trump has appointed and cancel any and all actions taken by Trump.
Sadly, that is an undertaking this country has a congress that is too weak, greed and vile to even begin to consider. They spin in a circle where all they care about is wealth and status, and they will go to any means to try and hold on to it, at the expense of anyone and anything.
America chose its own downfall, when it chose to pander itself to the likes of the vile promoted by Trump and all those who have the imbecilic mentality to support him.
Quote:
A GLOBAL CALAMITY WITH INTERNATIONAL DYSFUNCTION FILLED WITH CHAOS OF EVERY TYPE AND A LIFE SHATTERING CRASH IS EMINENT!!! "Unless this Nation Awakens and Remove Trump and His Entire Administration".
People will wonder how did we come to this... and still try and avoid blaming themselves and the weasels they have installed in the Republican Congress. Time and Review will show this has been a continual building pattern of crashes and devastation's, war and dysfunction, created and promoted by Republicans for decades, and they are near the point to invoke the massive damage they have lusted for since the Confederates were unable to send America in the hate driven human abuse cycles that it sought more than 150 yrs ago.
By the time The Trump and Republican Chaos Devastates the Global Economic and the results of the Diplomatic Damages done is realized and society is facing devastation's beyond comprehension, "the most hated being on the planet" will be Right Winger Republican Ideologist and their Supporters.
Right Wingers can Deny what they will, but it is likely only mass devastation is the only thing that will open their eyes to pay attention and review.... but "we know" with their mentality, they will still scream denials of what will be overtaking them like a tsunami.....
Last edited by Chance and Change; 10-18-2017 at 06:23 AM..
It's likely that the Fed's zero interest rate policy (ZIRP) and "quantitative easing" have caused the run-up in asset prices. The effect of free money is remarkable. The effect of Obama or Trump is probably minuscule in comparison.
The market is badly oversold. It is speculative. There really is no earnings basis for what we see. It can't last but it could go on a while.
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