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01-22-2017, 01:22 PM
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#1
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,613
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Trump will be left holding the Bag
Zerohedge, on the "fakenews" list of the liberal elite, is the only one telling the economic truth as usual.
http://www.zerohedge.com/news/2017-0...at-ugly-bubble
__________________
"Unlearning is the highest form of learning"
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01-22-2017, 04:14 PM
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#2
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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Thanks for linking this.  He knows his stuff.
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01-22-2017, 04:30 PM
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#3
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
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Originally Posted by classhandicapper
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Trump's not stupid. I'm sure he has his hand tightly on the economy's pulse. But he should get out ahead of the curve -- before of any bubbles-- and reveal to Americans just how badly Obama tanked the U.S. economy! He needs to have a "fireside" chat with Americans.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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01-22-2017, 04:54 PM
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#4
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Registered User
Join Date: May 2004
Location: New Hampshire
Posts: 14,483
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Quote:
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Originally Posted by boxcar
Trump's not stupid. I'm sure he has his hand tightly on the economy's pulse. But he should get out ahead of the curve -- before of any bubbles-- and reveal to Americans just how badly Obama tanked the U.S. economy! He needs to have a "fireside" chat with Americans.
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There is only one way out, expand our economy. The model that would have been Clinton was to sell everything off, in Trumps model grow the economy or die. We are at the fork in the road the American people will provide most of the steering following what Trump points to, when Europe burns we will not be on the same path. When the call to reinstate the draft comes our people will want nothing to do with it leaving Germany holding the bag. Anyone can see Trumps positions are a setup for an effective fire block, watch very close the next time Prime Minster Benjamin Netanyahu visits our country.
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01-22-2017, 05:02 PM
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#5
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Librocubicularist
Join Date: Jun 2010
Location: Ohio
Posts: 10,466
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Quote:
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Originally Posted by boxcar
... how badly Obama tanked the U.S. economy!
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Tanked?
On the day Obama took office the DJIA was 7,949.09 On the Friday before the election when everyone expected Hillary to win it was 17,888.28
11.67% growth per year.
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Sapere aude
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01-22-2017, 05:10 PM
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#6
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Registered User
Join Date: May 2011
Posts: 22,652
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Quote:
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Originally Posted by Actor
Tanked?
On the day Obama took office the DJIA was 7,949.09 On the Friday before the election when everyone expected Hillary to win it was 17,888.28
11.67% growth per year.
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Are you one of the 10% who own stocks? During those 8 years, for most Americans expenses went up and income went down.
I like Klugman's plan of faking an alien invasion to stimulate the economy. Maybe that has already happened and infiltrated the peaceful protesting left rioters.
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01-22-2017, 05:18 PM
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#7
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
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Originally Posted by Actor
Tanked?
On the day Obama took office the DJIA was 7,949.09 On the Friday before the election when everyone expected Hillary to win it was 17,888.28
11.67% growth per year.
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The stock market is not the economy.
That's growth in asset value, a bubble that does not reflect the real economy, little stuff like jobs, incomes, investment, etc. In this particular case, the big run-up in stock prices was driven by the reluctance of the private sector to expand under a federal regime that was not business friendly, to say the least.
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A man's got to know his limitations. -- Dirty Harry
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01-22-2017, 05:20 PM
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#8
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Registered User
Join Date: Apr 2015
Location: Denver
Posts: 4,163
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Quote:
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Originally Posted by Actor
Tanked?
On the day Obama took office the DJIA was 7,949.09 On the Friday before the election when everyone expected Hillary to win it was 17,888.28
11.67% growth per year.
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Unless the laws of arithmetic get suspended during the Trump administration, the infrastructure plan coupled with tax cuts has the obvious problem. How do you spend an extra trillion or so, and reduce revenues at the same time?
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01-22-2017, 05:23 PM
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#9
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Charm school graduate
Join Date: Jun 2016
Posts: 1,902
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So if a person agrees with this writer, how do you take advantage of That?
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01-22-2017, 05:24 PM
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#10
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Registered User
Join Date: Apr 2015
Location: Denver
Posts: 4,163
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Quote:
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Originally Posted by davew
Are you one of the 10% who own stocks?
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That would be me. The Obama years were like finding a pot of gold at the end of the rainbow.
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01-22-2017, 05:36 PM
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#11
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Registered User
Join Date: Oct 2001
Posts: 46,884
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Quote:
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Originally Posted by Actor
Tanked?
On the day Obama took office the DJIA was 7,949.09 On the Friday before the election when everyone expected Hillary to win it was 17,888.28
11.67% growth per year.
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You should get on the same page as your anointed one. According to him, the measure of an economy is NOT the stock market. (Of course, he did say that during a period when the market itself was tanking). I was thinking more along the lines of real unemployment, GDP, etc.
And by the way, the market went up not because of Hillary but of America's eager anticipation of a Trump victory.
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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01-22-2017, 05:42 PM
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#12
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Registered User
Join Date: Feb 2012
Posts: 2,956
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Quote:
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Originally Posted by HalvOnHorseracing
That would be me. The Obama years were like finding a pot of gold at the end of the rainbow.
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Typical liberal, elitist thinking Hooray for me and the hell with everybody else Obama's economic polices crippled the middle class
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01-22-2017, 05:49 PM
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#13
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Registered User
Join Date: Feb 2012
Posts: 2,956
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Quote:
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Originally Posted by HalvOnHorseracing
Unless the laws of arithmetic get suspended during the Trump administration, the infrastructure plan coupled with tax cuts has the obvious problem. How do you spend an extra trillion or so, and reduce revenues at the same time?
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That's easy All the people that have been getting a free ride for 8 years are now going to have to get a job and pay taxes
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01-22-2017, 06:21 PM
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#14
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gelding
Join Date: Oct 2008
Posts: 8,883
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Quote:
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Originally Posted by upthecreek
Typical liberal, elitist thinking Hooray for me and the hell with everybody else Obama's economic polices crippled the middle class
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I'm middle class, and I'm definitely better off now than in January 2009.
What are you? Let's hear about your crippling
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01-22-2017, 06:32 PM
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#15
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Registered User
Join Date: Apr 2015
Location: Denver
Posts: 4,163
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Quote:
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Originally Posted by upthecreek
Typical liberal, elitist thinking Hooray for me and the hell with everybody else Obama's economic polices crippled the middle class
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Actually, I got that from the conservatives. Didn't you ever read Paul Ryan's favorite Ayn Rand book? It's always about me for the conservatives. But don't underestimate the value of smarts and shrewdness. The point was that if you had both, you could do just fine from the middle class.
Not too many people grew up with less than I did. You bet your ass I'm proud of my success. But nobody handed it to me. It was a lot of hard work, having a plan and sticking to it. So if you got crippled, why don't you take a mirror check before you blame Obama.
You can't have it both ways. You can't have the liberals giving away the store to the less fortunate, and saying the hell with everybody else and the same time.
Your grasp of history is tenuous. It wasn't Obama that had the world on the brink of collapse in 2008.
Last edited by HalvOnHorseracing; 01-22-2017 at 06:37 PM.
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