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Businesses have been reluctant to accelerate hiring for much of the nearly seven year old recovery. But the raw hiring numbers have now returned to pre-recession levels. That suggests businesses are more confident about the economy's future.
If Mr. Trump can read the market and economy so well, he wouldn't have to peddle a fake university, frozen steaks, Mexican- and Chinese-made clothing lines, a failed airline, boring "reality" TV show, or declare 4 bankruptcies of his crown jewels. He could have just invested his money in the market, and he'd be a trillionaire by now.
Mick
We're talking about a man who decided to get into the home mortgage business after the housing bubble had popped.
He couldn't predict the devastating effects of the housing crash as it was happening, he's going to predict a recession when there is no evidence one is imminent?
An economic upheaval is inevitable. Whether one can blame partisan politics is moot.
The problem lies in the very nature of American money (or funny munny).
Constitutional money (coin) ended in 1933.
Since the emergency was declared, all that has circulated are worthless securities (notes).
To increase the amount of new notes, CONgress must borrow more (deficit spending).
And to pay the increased interest, more notes are needed (more deficit spending).
This is due to Title 12 USC Sec. 411.
And this insanity cannot be questioned, pursuant to clause 4, 14th amendment, USCON.
Paper FIAT currency is no more "worthless" than that yellow metal that conservatives think is valuable. What gives things value is their ability to trade them for the things that we want.
Right now, with all that borrowing that you hate, the U.S. paid the same amount of interest that it did in 2008.
What is money, anyway? It's not a new question, but I think it has become even more pressing in recent years.
Surely we don't mean to identify money with pieces of green paper bearing portraits of dead presidents. Even Milton Friedman rejected that, more than half a century ago. For one thing, a lot of those pieces of green paper are pretty much inert, sitting outside the United States, in the hoards of drug dealers and such. For another, checking accounts are clearly a close substitute for cash in hand.
Thinking that the U.S. government is "in debt" because people have exchanged dollars for government bonds is just as misleading. Government bonds are basically dollar equivalents - you can easily trade them for dollars, or vice versa. And the government creates them both from thin air at no cost.
Funny such an economic whizbang didn't foresee his own companies' bankruptcies.
Funny he didn't predict the 2007 recession, and also ended up with financial and real estate woes himself, prediction wizard that he is.
Thankfully, on the amazing internet, we can get a snapshot of what was going on with Trump then. Check out how Trump has dealt with those he blames for his own mistakes.
The articles were all written years ago before Trump was running for anything, so his cult cannot blame the media for any of it. It's all the real Trump.
Check out the NYT picture too. Remind you of anything (I'm starting to think they are a cardboard backdrop)?
yawn if you will, you won't be yawning when it hits you square between the eyes....
this country is going down and it's sad....very sad....
I don't think so. Like Churchill said: "You can always count on the Americans to do the right thing. After they've tried everything else"...
You can always count on Americans to do the right thing - after they've tried everything else.
Where are these "tent cities"? Name their locations. Ain't no tent cities around here. In fact, the economy here is about the best it's been in a decade or more. The unemployment rate is about 5%, and help wanted signs are out all over.
All the terrible economies must be in Red States. Maybe that's a sign.
If you don't like that link, there are more. See for yourself.
Just because everything looks rosy to you from where you stand, doesn't follow that everything is fine and dandy everywhere in the country. Perhaps you need to climb down from your ivory tower.
This is actually a logical fallacy. Use a better strategy if you want to debate instead of useless personal attacks.
Well put, Lily!
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