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I have noted that Mr. Trump's supporters are always wishing for a disaster for this country: stock market crash and/or recession, terrorist attacks on the homeland and abroad, armed conflict with foreign nations (especially, Russia, China and Iran), Ebola, etc. All so that Mr. Trump can take advantage of our country's vulnerability to mobilize some of the most passionate, ignorant and bigoted (that is not to say all are such).
First they say America is no longer great, and now they wish the worst for our nation. They used to say whenever people suggested ways to improve the country, "Love it or leave it!!" Everything comes around in a circle, doesn't it?
It'll rain retirees and those nearing retirement, as well. US workers and retirees have $27 Trillion invested in their pension funds and retirement accounts.
I have noted that Mr. Trump's supporters are always wishing for a disaster for this country: stock market crash and/or recession, terrorist attacks on the homeland and abroad, armed conflict with foreign nations (especially, Russia, China and Iran), Ebola, etc. All so that Mr. Trump can take advantage of our country's vulnerability to mobilize some of the most passionate, ignorant and bigoted (that is not to say all are such).
First they say America is no longer great, and now they wish the worst for our nation. They used to say whenever people suggested ways to improve the country, "Love it or leave it!!" Everything comes around in a circle, doesn't it?
Mick
It isn't wishing for the disaster; it is watching those on the left destroy our Nation. Here, if you want some good reading; check out this link: All Employment Growth Since 2000 Went to Immigrants | Center for Immigration Studies. Or you can go to our Bureau of Labor Statics and plow through their data: Employment Situation Summary. Basically you will see that (from the jobs report) that US born citizens lost 320,000 jobs and at the same time foreign born immigrants gained 306,000 jobs. We are not playing with a fair deck here and that is what would continue to happen with all the other candidates than Trump.
Why would it particularly help Mr. Trump to the exclusion of others? Why not Senator Sanders?
Because Trump turned $1 Million into $10 Billion so he has a clue on how to manage finances. The only thing Sanders knows how to do is spend, spend, spend, at the expense of taxpayers.
Only when a Democrat stands to lose ground because of it
No, in all cases, with all presidents of all parties.
The stock market is not "the economy", or vice-versa. The stock market is a single type of market where companies are valued on expected profitability. The economy is all the assets, all the people, all the income they earn, all the debt they owe, all the things they buy, and all the work they do, measured by hundreds, if not thousands of different types of markets.
I was a truck driver through past hard times. It is amazing how quick the bad times catch up to American jobs. One day truck stops are packed and the next day they are empty. The same for our roads. Companies stop stocking goods if they think they are going to be stuck with those goods. It has happened many times in the past and I am sure it will happen in the future.
Although the DOW is now down about 2000; I think that some still have some hope. However; if it slides to $15,000 or below; it would not surprise me if panic would not kick in. After seven years in office; I don't think America will blame the Republicans. We tend to throw the eggs at the closest target.
"The bad times" typically show up in the stock market, rather than the stock market causing the bad times to occur.
The closest example I can think of where the stock market really impacted the economy was the massive tech bubble burst around the year 2000. And in that case the damage was limited mainly to tech, who were taking advantage of the insane P/E ratios to raise capital by issuing equity.
It'll rain retirees and those nearing retirement, as well. US workers and retirees have $27 Trillion invested in their pension funds and retirement accounts.
Our system leans heavily on private 401K accounts, and it is everyone's own responsibility to manage the risk. Those who are near retirement should have reduced their exposure to ups and downs, and if they have not, they have only themselves to blame.
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