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Old 07-17-2019, 02:50 PM
 
9,891 posts, read 4,482,284 times
Reputation: 11305

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Quote:
Originally Posted by pknopp View Post
So massive debt is OK?


Of course not, but when the so called journalists are reporting from an ideological and advocacy viewpoint, the two parties are treated very differently.
Obama didn't have it easy with his choices either, but he was given a pass from most of the media s he ran up the debt.

Trump like others before him needs to at least curb the debt, and if he gets reelected make some hard choices to reduce it.
I suspect the way we run our elections, it will take a 2nd term president to be able tackle this problem in any meaningful way.
No first term president will want to try, and thus insuring he is only a one term potus.




`
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Old 07-17-2019, 02:51 PM
 
Location: Washington State
19,629 posts, read 10,174,017 times
Reputation: 16736
Quote:
Originally Posted by pknopp View Post
The media can't spin a recession.
But they are trying their best.
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Old 07-17-2019, 02:57 PM
 
249 posts, read 331,021 times
Reputation: 433
Quote:
Originally Posted by heart84 View Post
Nothing has fundamentally changed since 08-09. Central banks around the world masked the underlying structural problems by taking interest rates to record lows (in some cases negative) and injecting trillions of artificial liquidity into the system. Everything has been heavily manipulated into "appearing" like great times. Most people buy into it.

The problem is the crash is all going to blamed on Trump even though this has been in the making for decades. Trump is the perfect scapegoat because he brags about the markets and the "greatest economy ever" on a daily basis. The establishment will blame the crash on Trump, conservatism (even though Trump is not a fiscal conservative), and anti-establishment candidates. It is a dream narrative for the powers to be.

As I have said all along, the real issue is what comes AFTER Trump......
Trump will be blamed for the crash and rightly so. He takes credit for the stock market soaring and therefore will get the blame for the disaster coming by 2020/2021.
I pray that those thugs do not start another futile war like Bush and Bush jr did.
This will be Trumpís only positive point, imho.
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Old 07-17-2019, 03:00 PM
 
16,896 posts, read 9,323,046 times
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Quote:
Originally Posted by limaman View Post
Trump will be blamed for the crash and rightly so. He takes credit for the stock market soaring and therefore will get the blame for the disaster coming by 2020/2021.
He won't deserve all of the blame to any reasonable person with knowledge.

However, with that said, he correctly pointed out many of the problems with the stock market highs when a candidate in 2016 only to have his big ego turn around and take credit for the upswing when it kept rising, so as you do, many will blame him entirely for the bubble.
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Old 07-17-2019, 03:06 PM
 
79,548 posts, read 34,583,895 times
Reputation: 16006
Quote:
Originally Posted by Vector1 View Post


Of course not, but when the so called journalists are reporting from an ideological and advocacy viewpoint, the two parties are treated very differently.
Obama didn't have it easy with his choices either, but he was given a pass from most of the media s he ran up the debt.

Trump like others before him needs to at least curb the debt, and if he gets reelected make some hard choices to reduce it.
I suspect the way we run our elections, it will take a 2nd term president to be able tackle this problem in any meaningful way.
No first term president will want to try, and thus insuring he is only a one term potus.




`
Why is it he can't make those hard choices now?
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Old 07-17-2019, 03:08 PM
 
24,688 posts, read 12,899,233 times
Reputation: 7948
Of course Trump will be blamed for any slow down because he was so loud and proud about taking credit for the economy from the day he won the election....well he takes credit on the good days....lol.


You can't take credit for the sunny days and blame the rain on somebody else......lol.
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Old 07-17-2019, 08:51 PM
 
9,891 posts, read 4,482,284 times
Reputation: 11305
Quote:
Originally Posted by pknopp View Post
Why is it he can't make those hard choices now?


Why would you ask such a simplistic question when the answer is very obvious. Don't forget people got all over Obama for saying to pass on to Putin that he would have a lot more flexibility after he won a second term. Had Trump said that, he would have been labeled a narcissistic arrogant jerk and God only knows what else.

The point being that trying to do something as unpopular and potentially disturbing to the economy in ones 1st term would undermine any incumbents chances.
Some people might not think Trump is smart, but he is certainly not stupid.


`
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Old 07-17-2019, 09:28 PM
 
Location: Old Mother Idaho
22,262 posts, read 14,903,855 times
Reputation: 16528
A normal dip, a small recession, hasn't happened for far too long now, so one is expected to happen pretty soon. The longer it goes without a downward adjustment, the stronger the recession is when it finally comes.

And there's a real problem in rural America that has been overlooked: The Great Recession of 2008 has never lifted. There are many parts of the nation where the people who were hit 11 years ago have never recovered at all and have been struggling ever since.

The recovery has been very lopsidedly urban as well. Many of the suburbs have never recovered, much of the Middle Class are still where they were 11 years ago, and an entire generation of kids have grown into adulthood who have never made any economic progress in wages or job security.

But it's the small heartland towns and the country that has been hurt the worst. Agriculture became better until Trump's tariffs knocked that industry on it's butt, and even if the tariffs are lifted tomorrow, it will take at least 5 years or more to just get back to where it was in 2013, the year farms finally showed enough solid profit overall to keep everyone afloat and turn a profit.

But now, all the big cities, which were the biggest beneficiaries of the recovery, have developed new problems of their own. So many people of all ages have abandoned the heartland because it's so hard to make a living there, that housing in any of the big cities is extremely hard to find at any price, and the housing prices themselves have risen to ridiculously high levels.

If a worker living in a city cannot afford to live in the city, what's he going to do? He still needs a roof over his family's head, after all, and a wage earner can only afford so much for a housing space.

So I'm not at all sure when it will happen, but every one of these signs point to nothing but down. The Great Recession was a symptom of some very large social problems and none of them have been addressed yet. And the recovery only added a layer of new problems on top of the old ones.

Denial will only make the crash worse, and I expect the next time will hurt just as much as 2008. For those who aren't prepared right now, today, the hurt could be worse.
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Old 07-17-2019, 09:35 PM
 
11,858 posts, read 7,564,421 times
Reputation: 4903
Trump’s deregulation and non stimulative tax cuts failed to fuel the recovery he inherited and he’s softening his trade wars and pushing the fed to cut rates because he knows he’s dead for 2020 if the economy cools.
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Old 07-18-2019, 12:23 AM
 
79,548 posts, read 34,583,895 times
Reputation: 16006
Quote:
Originally Posted by Vector1 View Post


Why would you ask such a simplistic question when the answer is very obvious. Don't forget people got all over Obama for saying to pass on to Putin that he would have a lot more flexibility after he won a second term. Had Trump said that, he would have been labeled a narcissistic arrogant jerk and God only knows what else.
And he was slammed for that.

Quote:
The point being that trying to do something as unpopular and potentially disturbing to the economy in ones 1st term would undermine any incumbents chances.
Some people might not think Trump is smart, but he is certainly not stupid.


`
I don't understand. If it's the right thing to do, why is it unpopular and unpopular with who?
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