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Thread: Doe Trump Affect The Economy?

  1. #11
    Veteran Member aboutenough's Avatar
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    Quote Originally Posted by Madeline View Post
    Fair enough. Things ARE good atm, and economic theory is just that.

    Theory.

    I personally find it hard to ignore, but time will tell.
    Have you got any better ideas to promote a more prosperous economy? I’m sure all Americans would like to hear anything that works

  2. #12
    Veteran Member aboutenough's Avatar
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    Quote Originally Posted by labrea View Post
    Wages dont seem to reflect all this good news.

    Looks like the wages have been a steady climb . Don’t see any worry there.

  3. #13
    We choose both. Amelia's Avatar
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    Quote Originally Posted by Madeline View Post


    ....


    lol ... I had missed that one.

    Hadn't realized until now that ONE of Trump's business failures was a mortgage company.

  4. #14
    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by Madeline View Post




    https://www.nytimes.com/2018/01/01/o...-carry-on.html

    Every major economic news outlet predicts that, in a crisis, Trump's economic policies would be hideously destructive to the U.S. and world economies.

    https://www.theatlantic.com/business...conomy/481743/

    https://www.usnews.com/opinion/econo...alth-care-plan

    Donald Trump Takes Credit for the Economy. How Much Should He Get? | Fortune

    https://www.thestreet.com/story/1333...s-economy.html

    https://www.thebalance.com/donald-tr...c-plan-3994106

    How Will Trump?s Policies Affect the U.S. Economy? - Knowledge@Wharton

    There are some who disagree, but they rely on discredited economic theories, most prominently, trickle-down economics. I'm not sure what an individual is meant to do about any of this, except that we need to stop pretending that Trump's bizarre behavior does not present economic risks to the U.S., and we need to step up the pressure on GOP Congressmen to get him impeached or removed.

    If there is a disruption in the world economy of any severity before that happens, Trump's flailing about is likely to plunge the U.S., and the world, into a serious recession.

    Or worse.

    Your thoughts?
    With Trump's 33% approval rating I think it's safe to say that "It's not the economy stupid," it's the Shitshow going on in his administration.
    Thanks from EnigmaO01

  5. #15
    Southern Strategy Liberal OldGaffer's Avatar
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    Trump has fired up the Republican Bubble Machine(tm), trillions more dollars in the hands of rent seekers. First inflation, then interest rates go up, then crash and burn, same old, same old.
    Thanks from EnigmaO01 and NightSwimmer

  6. #16
    Veteran Member Devil505's Avatar
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    Quote Originally Posted by pragmatic View Post
    Presents us a fine question:

    Among those decadent "1% ers", which side of the political aisle do most of them fall? More vote Republican?? More vote Democrat?

    Certainly warrants some serious research!!!
    Republican voters are either the greedy rich or the terminally stupid.
    They've been that way since 1968.


    Edit: Not all the rich are greedy, btw......but all that are vote Republican.
    Last edited by Devil505; 15th January 2018 at 04:52 PM.
    Thanks from EnigmaO01 and NightSwimmer

  7. #17
    Moderator HayJenn's Avatar
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    Quote Originally Posted by aboutenough View Post
    So you think consumer confidence will change in one month and all manufacturing will instantly come back. I wish it would happen that fast, but there has been bonus increases and wage increases due to the tax cut. I am hoping America bring business back to this country rather then not. The Stock Market is a good sign that there is profits and hope for a prosperous future.
    The stock market is only up because of buybacks.
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  8. #18
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by HayJenn View Post
    The stock market is only up because of buybacks.
    The bubble is growing, and growing, and growing....
    Thanks from Idiocracat

  9. #19
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    Quote Originally Posted by DebateDrone View Post
    It was Donald Trump and the Republicans claiming the sky was falling 18 months ago.

    The trend has been going up since the crash of 2009.

    2017 was not all that different than 2016.

    Its Trump that has made all kinds of fantastical claims that have not come about.

    No major increases in manufacturing or companies relocating to the us

    No increases in coal consumption or increase in coal jobs.


    Trump claims increases in 'consumer confidence' as a victory. Consumer confidence is not a product or service.
    Did you see the huge drop in the economy in 2016?


  10. #20
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    I don't believe in economic theories, not rigidly anyway, but a lot of capitalists with a lot of money have been sitting on it because they did not trust Obama, partly because of unfulfilled promises like this one.

    let me spell out exactly what that change would mean if I am president.....I've laid out how I'll pay for every dime: by closing corporate loopholes and tax havens that don't help America grow. But I will also go through the federal budget line by line, eliminating programs that no longer work and making the ones we do need work better and cost less, because we cannot meet 21st-century challenges with a 20th-century bureaucracy.
    Obama then made the year of stimulus spending his new baseline and while duplicitously claiming that the budget did not go up (by comparing it with the year of stimulus spending) he tried to hide the fact that he was running up huge deficits every year. Then the regulations and more regulations and the ACA.

    It's not the fact that Obama lied, but that he had so little respect for capitalism and everybody knew it. Remember the "You didn't build that" speech.

    So trickle down does not automatically work. But when capitalists have been sitting on their money and somebody who loves making money comes along, they are ready to rock.

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