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Actually, this was the intended effect. Trump and his swamp creatures had to figure out a way to give trillions to the right people without pissing off the rest....and, to some extent they succeeded.
Trump supporters believe that billionaires deserve money taken from our debt and deficit...handed over to them. It's up to future generations to work harder to pay off that debt and deficit.
No. You believe you're entitled to other people's money because they have more than you.
When you cut spending, someone has their allowance taken away. The DNC has the press run sob stories, and the idiot public votes for those promising more goodies.
He hasn't explained what to do when he runs out of other peoples money and the FACT that government pretty much stinks at running the economy since it drives it into the ground. I know, I know. We can print up more money.
Trump continues to pressure FRB to cut interest rates by 1% and more money printing via quantitative easing ro stimulate the economy.
All it did is blow up the deficit. And guess what brilliant Trump has done? He's started multiple trade wars that are likely going to cause a recession in 2020 or 2021. This next recession could be long and protracted. Trump's brilliance was to give a huge tax cut when it wasn't needed, had 0 effect and blew up the deficit. Now that card can't be used when it is is really needed for the looming recession.
Academic economic theories fail in the face of reality.
Perhaps the learned need to walk over to a window and raise the blinds to see what reality looks like.
Pulling the country out of the second biggest financial disaster we`ve ever experienced was not the time to talk deficit. We were losing 745,000 jobs a month and the DOW was 8,000. Priorities!
The DOW is not the economy. It's all a fake paper number. That there is now a lot of paper wealth in the hands of the very few does not make the economy better. We were lied to.
Actually, this was the intended effect. Trump and his swamp creatures had to figure out a way to give trillions to the right people without pissing off the rest....and, to some extent they succeeded.
Trump supporters believe that billionaires deserve money taken from our debt and deficit...handed over to them. It's up to future generations to work harder to pay off that debt and deficit.
Quantitative Easing did the same thing. It put great wealth in the hands of the select few. The "rest" went along because they were told that "it had to be done". That we were then going to enact a program to keep people in their homes but we know now that the money actually went into the same pockets.
Trump continues to pressure FRB to cut interest rates by 1% and more money printing via quantitative easing ro stimulate the economy.
I have wondered if the mexico tariff trump has threatened to impose is at least partially designed to do just that, make the fed cut interest rates by 1% by year end due to the fallout. two birds with one stone, trade with mexico and a boost to the economy....an interesting strategy.....if that is his plan.
we will see.
Last edited by texan2yankee; 06-03-2019 at 07:38 AM..
No. You believe you're entitled to other people's money because they have more than you.
It really isn't their money in many cases. It was created out of nothing. They did no work to earn it. The only requirement was to know the right people.
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