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Orwellian euphemisms don't change the fact that governments, parasitic entities by definition, are incapable of creating real jobs.
Government is the coach, players are the business and baskets are jobs. The coach set the system that allows the players to score. An incompetent coach would set the team behind by implementing a bad system, which the Republicans tried to do during the crisis by insisting on Austerity.
Obama opted for Keynesian, which absolutely without question was the correct system to use.
Trump is basically following the same system that Obama used but he doesn't realize this is not a system can be employed indefinitely without it blowing up.
Status:
"Let's replace the puppet show with actual leadership."
(set 2 days ago)
Location: Suburban Dallas
52,706 posts, read 48,001,428 times
Reputation: 33895
Quote:
Originally Posted by RevelateTransform
Thank you American Business, and THANK YOU President Trump for your policies supporting free markets!
Friday's Dow was just glorious! 28,000. I knew yesterday morning that that number was going to climb to that point. Great things continue to be ahead for all Americans. Yes, all of us. Boeing had an incredible day.
Government is the coach, players are the business and baskets are jobs. The coach set the system that allows the players to score. An incompetent coach would set the team behind by implementing a bad system, which the Republicans tried to do during the crisis by insisting on Austerity.
Obama opted for Keynesian, which absolutely without question was the correct system to use.
Trump is basically following the same system that Obama used but he doesn't realize this is not a system can be employed indefinitely without it blowing up.
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Government is a meth-head/***** that rents herself out to whatever international corporation (the John in this scenario) happens along looking for a special service, i.e., selling out working Americans.
In the last election, the two most prominent government meth-head/***** looking to sell out working Americans were Hillary Clinton and Jeb Bush.
As for Keynesian Economics, it's a payola slush fund looking for a legitimate reason to exist.
Politicians like it because it gives them a way to launder tax dollars back into their campaign funds.
Unions, for example, are famous for returning (laundering, that is) a significant portion of the money Democrats steal for them from working Americans.
hahahahah you have no facts to give...what's new, typical liberal response..zero..zilch..nada..
2017 is calling you!
Please note that the conversation has changed, even at City Data..........
And this thread is about the DOW.......which, if you want to discuss Obama, tripled under him....and even more if we included the results of his policies (Policies don't stop instantly when you leave office)..
Thanks for your reminder, tho. The GWB GOP Recession and the Wars and the failure to do things about health care are not good for the average American - but they are good for some businesses.
Friday's Dow was just glorious! 28,000. I knew yesterday morning that that number was going to climb to that point. Great things continue to be ahead for all Americans. Yes, all of us. Boeing had an incredible day.
I love it when people say UP UP UP after 2 years of really slow growth.
Boeing? Is it UP from the low lows? Or is it truly UP for 2019. Let's check.....hmmm...it was almost 450, now it is 370 and you are cheering?
Will you cheer each 10 points until it gets to where it WAS?
I have to wonder if people are really this ignorant of longer term finances or if they do it on purpose. Well, I should say I used to wonder. I don't any more. I think people are just ignorant of financial matters.
To wit......
The DOW would be over 50,000 today if NORMAL yearly returned were made in the past 20 years.
BUT, people cheer for 28K??
It just doesn't make any sense! We are still hurting from the GWB Great Recession and now we have manufacturing off, car sales off, debt up, GDP (increases) down (and most of it is Health care..which costs you!)....and people are cheering???
I mean - this is the thing. Trump ruins things and then stitches them slightly back together and people say it's a miracle. He sold Trump Taj in Atlantic City for 5 cents on the dollar. Even at that price I don't think it has turned a profit since.
Those who think "all Americans" are better off should do a bit of studying. In Florida, 46% of people are "not making ends meet" (United Way). That's MASSIVE - like 9 million people in that one state alone!
But, I guess the stock market makes good money from them...and their low wage jobs at WalMart, fast food, etc.
That's because we were coming out of the Great Recession, and all economic recessions are followed by a big recovery. The Obama "recovery" was actually slower than one would expect, given the depth of the recession. Should have been twice the rate.
Now, when you take over after a recovery, it's much harder to keep building because you're not starting from such an awful point. Law of diminishing returns type of thing. The idea that we have gone up ANOTHER 40% in three years is truly remarkable. But then you would have to give Trump's pro-business policies credit, and we know we can't have that!
What you said is very true. Any president looks good coming out of a recession-just do nothing and let the economy recover. What is especially telling about Obama's "recovery" is previous history. The DOW was over 14000 in 2007. It took until 2013, 4 years into Obama's presidency, just to get back to that level. For those of us with 401K investments that was a dismal time. Obama's policies were distinctly anti-business and anti-job-growth (well, at least American jobs-his policies did wonders for other countries). In spite of the "recovery" and the natural growth of the DOW from a recession-in the first 3 years of Trump's presidency the DOW grew 4 times as much as it did in the first 3 years of Obamas.
I read through most of this thread.... God, Democrats are wiling to cut their nuts off just to see the market in recession.
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Great Future, Part 2
