Obama handed over an economy with full employment and a surging stock market. Until January 1st, Trump had done nothing to change that. The Obama budget was extended repeatedly, and things ran well. From January 1st Trump's begun having an impact, with the passage of the tax bill. And what was that impact? 1.A huge spike in the deficit 2. A big economic stimulus The problem is that when you have an economy firing on all cylinders a stimulus can't actually increase output. What actually increases is inflation, instead. And now we've seen that inflation appear pretty much immediately, which caused a small market correction. Now we're starting to see the damage Trump is actually doing. Inflation up, deficit up. The country will be in a tough spot when the recession this will trigger comes: the debt levels will make it hard for the government to borrow to deal with any problem and the options to stimulate the economy will be limited. Not good. What he SHOULD have done: cut spending, raised taxes, concentrate on balancing the budget to create options to deal with any future problems.
Yet another pseudo-liberal authoreterian who misses Stalin, Lenin and Obama. Who will vote for Bernie the great, only cause he promises to send his kids to college for free... well not really... someone will pay...
agree with post. These stimulus will cause crash
Looks like it already started on Friday with DOW down by 665 points
That was because nearly every big tech player (aside from Amazon) had disappointing earnings Thursday which weighed down the market
Obama started QE which I think stabilized the economy. He was slowly going to raise interest rates. On taxes I don't think high taxes are helpful. Lower corporate tax rate is beneficial for business growth. The new Fed chairman will raise rates and that will take care of inflation. I think lower rates and strong economy are causing inflation. So the next step is to raise the rates because you don't want to weaken the economy.
Good explanation of QE and economics. Funny, but relative. https://m.youtube.com/watch?v=PTUY16CkS-k
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Stock market fell on account of profit booking, I think.
I heard the same comment in Feb 2008
But all the economists told me the second Trump walked into the office, it’d take years to repair the damage. Looking back over the last year, economy seems pretty healthy, no? Were the economists wrong?
Ideally, everyone would pay everything they make to the state, the state would operate all enterprises, and the state would ensure a standard of living equivalent for all people, a “fair” standard of living. The government is always the answer.
Just messin with ya :) for liberals, increased taxes and spending are ALWAYS the answer. If there’s a problem, it’s because you and I aren’t paying enough monies to the state.
I'm very happy with my bread crumbs. OP seems to live a sad life
I thought Republicans hated handouts and free loading. Turns out they want the handouts too. They were just opposed to handouts for the poor. Lol! Conservatives my ass!
Fiscal conservative stopped as soon as segregation ended and the racists Democrats decided to switch to Republicans. Now it is just the good ole Union North vs Confederate South in the party politics. Except it is the wealthy coasts vs low income flyover states.
True. I think large parts of America is uneducated as fuck (both sides of the aisle). Trumps election just exposed the stupidity of one side. The world is ripe for China and Russia to take over.
Well I’m seeing 600$ a month extra after taxes, so fuck you.
I disagree, Litecoin. Fuck /you/.
You will only see them by February 15th or 8th if there is any.