I have a pension worth $22k a year for 12 years. And am paying off a house(much easier to do with the widely available work we have now).
Trump's Economy!!!!
- Thread starter dmac1
- Start date
The things you cited happened before Trump. ttku
1989
Well-Known Member
He never knows what he’s talking about.
yea its called "history" and it gives you "perspective"
El Correcto
god is dead
What’s sad about this is you watch Howard Zen videos on YouTube and think you are learning.
*ZINN LOL
El Correcto
god is dead
I wouldn’t know, I don’t self educate on YouTube, it’s a terrible platform full of leftism censorship like most big progressive liberal media.
you live in an alternate reality
Sportello
Well-Known Member
You do understand why that is, don’t you?
Trade deficits under Trump hit highest mark since Obama was elected. Current deficit is higher than any time under Obama. Trump's effect on the economy is starting to show in the numbers. Higher interest rates, higher inflation, higher budget deficits, higher national debt, and now significantly higher trade deficits are all evidence against 'trickle down' and republican economic theory.
moreluck
golden ticket member
So you say you're tired of winning?!
Brownslave688
You want a toe? I can get you a toe.
Higher interest rates and high inflation are a direct result of all cheap money pumped into the economy during the oboma years. This entire recovery has been built on egg shells.
Analyst who predicted the 2008 crash warns of bubble brewing in U.S. household wealth
So you are saying that the crash in 2008 was due to Clinton and his spending prior to Bush, and the generally improving economy, growing GDP, shrinking budget deficit and lower trade deficits under Obama were due to GW and his unfunded policies and wars, and now, two years into Trump, we are starting to fall because Obama reversed the recession with spending, which is generally recognized as the time for greater deficit spending??????? In the meanwhile, Trump has greatly increased the deficit during what is suppose to be a good economy- exactly what economists say SHOULD NOT be done.
And the fact that the world openly laughs at Trump and is constantly challenging him has NOTHING to do with growing trade deficits and higher global oil prices. Right!!!! You CAN"T blame the massive increase in defense spending and the huge tax deferral(not a tax cut because it has to be paid off later with interest added to the amount deferred) on Obama, and that massive and growing deficit and the higher interest cost of carrying the growing debt are what has the markets and the feds concerned.
Brownslave688
You want a toe? I can get you a toe.
The economy is cyclical is the point. what a sitting president does has little effect on that and fiscal policy results are often not seen for years down the road.
Do I love everything Trump is doing? No.
But a recession won't be his fault either. We are simply due for one and there's a massive bubble that's ready to pop. Blaming Trump is ignorant at best.
Obama's slow steady growth policies were avoiding the boom-bust cycle because there was no real boom. Democrats were following a pay-go policy with actual cuts in deficit spending. Economists and the market see it, even if you don't. Trump ushered us right back into boom-bust with massive budget deficits followed up with bad trade policies exacerbating the problems. That you think a president's economic policies have little effect shows ignorance, at best.
moreluck
golden ticket member
It's just a matter of time before they add the word 'syndrome' after your last name!!
DriveInDriѵeOut
Inordinately Right
Well, not exactly.
Quantitative easing helped bring us out of the recession. Winding that down should normalize the artificially low interest rates and inflation.....
But you have to admit, Republicans have poured gasoline on that fire with the tax cuts and pretty much torched any chance we had of staying stable.
Brownslave688
You want a toe? I can get you a toe.
Yes as someone said the tax cuts just blew more air into the bubble that was already there.
Brownslave688
You want a toe? I can get you a toe.
Try and stay afloat now and kick the can down the road. A prequisite for politics I think.
Just yesterday Trump was bragging about how he gave military personnel their largest pay increase ever. Only one problem. Military pay increases in both 2008 and 2009 were larger. All you have to do is to take a look at stock market activity over the last two weeks. The Fed has made it clear that between now and the end of next year it will raise interest rates 4 times and some traders are saying that next year you'll make as much off of 10 year Treasuries as you will from equities.
In addition there are growing expectations that the findings of the Mueller investigation will be turned over to Rosenstein some time after the mid terms and the end of the year. If the results are as bad as they appear it could add even more fuel to the recession fire.
Similar threads
