Quote:
Originally Posted by slapass
And what was the difference under Obama? Your issue with him was what? The economy rocked and I made tons of money under Obama. I am doing good under Trump. I don’t see much difference.
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its always easy to look in the past but to look in the future is much harder.
obama had the problem that he got in office in one of the biggest economy crisis worldwide.
no country in the world went faster through that as the US under obama.
not ALL what he did was right and the worst but inevitable problem is that he had to do it all with borrowed money.
every toddler knows that you have to pay back debts at some point and actually now would be the time to do that. instead, the economy artificially continues to heat up with even more debts, which are to be repaid from now less tax revenues. who believes that this is going well is either completely stupid or completely blind.
that dow and nasdaq have still not collapsed is due to the fact that companies are using their tax savings to buy back their own shares - the so-called flourishing economy has nothing to do with this because it has not been flourishing as expected for months now but is stagnating.
the tax reduction briefly triggered increased demand. this increased demand plus the tariffs introduced by trump resulted in higher prices.
higher prices = inflation. higher inflation can only be fought with higher interest rates (which trump doubts as much as erdogan and erdo will have to declare his country bankrupt in the next few weeks).
higher interest rates would trigger higher demand for the dollar and with it the dollar would rise in regions that make all export products from the USA far too expensive.
exports will decrease - products will not be produced - jobs will be lost.
american companies that can move into other countries will do it. others who can´t will suffer.
and all that with higher budgets for military, walls and other nonsense and with FAR less tax income.
all this are manifested rules - every child should know them.
the more strange it is for me that adult people obviously do not know these rules or do not want to know them.
EVERYTHING that trump has been tried or preached here has already been tried. by bush, reagan and many others and ALL have failed miserably.
so either we're talking about huge educational gaps or infinite ignorance. because that CAN'T go well.