Hum Dinger
Gold Member
- Aug 19, 2008
- 11,539
- 4,165
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Open your ears and listen very carefully, not to my words but words uttered by President Trump, and the words not said.
The Dow rose to over 21,000 today, and who did that benefit? Only those who have parked their savings into equities; the result of his words increased the wealth of the investment class overnight, but not those who have been left behind and watched the greatest inequity since the Gilded Age of wealth grow.
Will Trickle Down improve your economic situation? Will it open up new and well paid jobs for the working poor, the middle class and those now in college or recent grads with massive debt?
Will the repeal of the PPACA (notice Trump called it "Obamacare" (for obvious political purpose) and not called it the Patient Protection and Affordable Care Act, and in the process lied about the rise in cost when what came before rose annually too, and left too many behind.
Let's see if The Congress, so concerned with the massive debt, will pass a budget with the "largest military increase in history" cut taxes to business and spent one TRILLION Dollars on our nation's failing infrastructure.
IMO putting a Trillion Dollars into rebuilding, renewing and repairing our nation's infrastructure make sense, but not when taxes are cut and an increase in the military spending also cuts domestic spending (consider what domestic spending will be cut when a trillion is put into fixing our infrastructure? Whose taxes will be cut, what fees will be increased and added, and whose money will be used for all of this?)
/---- Why did Libs praise Obozo for running the Dow up to 17,000 if only a few held stocks?
Because the stock market performance under Obama was a reflection of real economic growth. The current stock market performance is based on speculation - there has not been any real economic growth on par with the rise in the markets since Trump was elected. Only speculation.
That's the dumbest thing I've ever heard, even from a Communist.
The stock market is ALWAYS based on speculation. We invest in stocks because we are predicting they will gain in value. Or we sell short when we think they will decline. Either way, it is all speculation, sploogy.
So what your saying is that there is no connection between the real value of a company and the value of it's stock?
Why not just go back to selling meaningless paper like they were doing before FDR?
It's exactly because of people like you that we need the SEC and federal regulation to prevent the markets from turning into a total fraud.