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Old 03-03-2020, 08:25 AM
 
Location: City Data Land
17,155 posts, read 12,965,617 times
Reputation: 33185

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Quote:
Originally Posted by chopchop0 View Post
Trump said it would be over soon anyways

https://abcnews.go.com/Politics/trum...ry?id=69198905
Summer is coming. Warm weather and the border wall will destroy COVID-19, I'm sure. Dr. Donald said so.
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Old 03-03-2020, 08:27 AM
 
Location: Florida
76,971 posts, read 47,640,534 times
Reputation: 14806
Quote:
Fed Cuts Interest Rates by 0.5%
Its weird the best economy in history of mankind requires constant stimulus. Its almost like its on life-support. Of course the anemic GDP growth tends to explain the economy is not as great as we are being told.
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Old 03-03-2020, 08:35 AM
 
Location: Florida
76,971 posts, read 47,640,534 times
Reputation: 14806
Quote:
Originally Posted by Pilot1 View Post
The GDP under Trump has averaged 2.6% in just THREE YEARS. Obama had EIGHT YEARS and historically low interest rates and it average 2%.

Also that corporate and personal tax cut helped create the current, historically high Federal Tax Revenue.
Can someone help Pilot1 with this math challenge?

GDP by year, over three years. Calculate average.
2.3
2.9
2.1
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Old 03-03-2020, 08:38 AM
 
8,957 posts, read 2,559,282 times
Reputation: 4725
Bad news for our friends on the left. They were hoping the market instability caused by a global pandemic might help them politically, this makes that scenario much less likely. They'll just have to keep their fingers crossed hoping that some bad news for the country will eventually happen.
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Old 03-03-2020, 08:41 AM
 
12,017 posts, read 14,330,379 times
Reputation: 5981
Quote:
Originally Posted by bobbythegreat View Post
Bad news for our friends on the left. They were hoping the market instability caused by a global pandemic might help them politically, this makes that scenario much less likely. They'll just have to keep their fingers crossed hoping for some bad news for the country will eventually happen.
Worst stock market collapse on Lyin Don's watch since the great recession and the Fed has to save his ass again. Should look really good this November.

How many rate cuts has lyin Don needed from the Fed since he took office? I stopped counting...
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Old 03-03-2020, 08:42 AM
 
Location: Kansas City, MISSOURI
20,871 posts, read 9,541,930 times
Reputation: 15595
Quote:
Originally Posted by bobbythegreat View Post
Bad news for our friends on the left. They were hoping the market instability caused by a global pandemic might help them politically, this makes that scenario much less likely. They'll just have to keep their fingers crossed hoping for some bad news for the country will eventually happen.
You're going to be disappointed. This is a sign the Fed is panicing. The last time they did an emergency rate cut like this was in the midst of the financial crisis in 2008.
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Old 03-03-2020, 08:43 AM
 
12,017 posts, read 14,330,379 times
Reputation: 5981
Quote:
Originally Posted by James Bond 007 View Post
You're going to be disappointed. This is a sign the Fed is panicing. The last time they did an emergency rate cut like this was in the midst of the financial crisis in 2008.
Yup. All these Trump supporters don't understand that strong economies don't require rate cuts, meanwhile Trump has needed several
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Old 03-03-2020, 08:43 AM
 
Location: North Central Florida
6,218 posts, read 7,730,927 times
Reputation: 3939
Quote:
Originally Posted by bobbythegreat View Post
Bad news for our friends on the left. They were hoping the market instability caused by a global pandemic might help them politically, this makes that scenario much less likely. They'll just have to keep their fingers crossed hoping for some bad news for the country will eventually happen.

Yeah, it's not like they haven't been actively attempting to create, pray for, conjure up, and instigate bad news or anything.......

Crossing their fingers might be all they have left.



CN
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Old 03-03-2020, 08:43 AM
 
20,955 posts, read 8,678,698 times
Reputation: 14050
Free money! More More......
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Old 03-03-2020, 08:45 AM
 
20,955 posts, read 8,678,698 times
Reputation: 14050
Quote:
Originally Posted by chopchop0 View Post
Worst stock market collapse on Lyin Don's watch since the great recession and the Fed has to save his ass again. Should look really good this November.

How many rate cuts has lyin Don needed from the Fed since he took office? I stopped counting...
If rate cuts could cure CV we'd be in fat city.

But as it stands, they force people into higher risk investments...and, let's face it, how many people are going to go buy cars because the loan is at 1% instead of 2%?

The government has made it very clear that they recognize that Debt is King. Saving is useless since you can only get a tiny non-Free Market return on it.

This started long ago but Trump is the first one doing it in "the greatest economy ever".
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