Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

[baileyn45]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

Keep in mind the US president doesn't have the power to unilaterally impose any of this. Also people like moody's aren't exactly unbiased as they have a vested interest in the status quo. On top of that their ratings debacles in this last economic meltdown would make me more than a little skeptical of anything that they produce.

That didn't stop Obama. He violated the Constitution 64 times, and has only been stopped once, that I know of.

I've actually heard people that support Trump say that it would be a good lesson for the left in the dangers of expanding executive power.

 

[Pumpkin Row]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

Keep in mind the US president doesn't have the power to unilaterally impose any of this. Also people like moody's aren't exactly unbiased as they have a vested interest in the status quo. On top of that their ratings debacles in this last economic meltdown would make me more than a little skeptical of anything that they produce.

That didn't stop Obama. He violated the Constitution 64 times, and has only been stopped once, that I know of.

Please list the 64 times Obama violated the Constitution - and provide "credible" proof.

Gladly.

• Used Executive Action in direct opposition to the law, and unilaterally changes the law for at least five million illegal aliens; Article 1 Section 1, ALL Legislative power held by Congress; “he shall take Care that the Laws be faithfully executed,” Article II Section 3; Article I Section 8
• In direct violation of ACA Law ( Section 36B ) ordered subsidies be paid under Federal Exchange. Article. I. Section. 1; Article II, Section 3.
• Complicit in receiving official emails from Secretary of State exclusively via personal email address – a violation of Federal Law. Article II Section 3
• Ignored law by taking Iran Deal to UN prior to 60-day review period mandated by Iran Nuclear Agreement Review, and failed to turn over side agreements as outlined. – “he shall take Care that the Laws be faithfully executed,” Article II Section 3
• Ignored Congressional Treaty Powers. Article II Section 1, Article II Section 2
• Operation Choke Point program – Direct infringement on 2nd Amendment.
• Violated statute on “Material Support of Terrorism” by returning top terrorists back to terrorist organizations. Article II Section 3; Dereliction of Duty Article II Section 4
• Violated Appropriations Act (DOD Section 8111) – GAO report; Article II Section 3
• Ignored law that requires Congress be notified prior to any detainees being moved from Guantanamo. “he shall take Care that the Laws be faithfully executed,” Article II Section 3
• Using EPA to “legislate” over States, Congress, and Federal Court; Article II Section 3; Article I Section 8; Direct violation of Presidential Oath.
• Appointed 24+ Federal agency czars without advice and consent of the Senate; Violation of Article II Section 2
• Used Executive Privilege in regards to Fast & Furious gun running scandal. When Government misconduct is the concern Executive privilege is negated.
• 23 Executive Orders on gun control – infringement of the 2nd Amendment
• Exposed identity and methods of operation of a Navy SEALs team – Illegal for a President to reveal classified military secrets. Article II Section 3
• 2 Executive actions mandating private health information on patients be turned over to NICS – Violation of HIPPA law.
• Executive Order bypassing Congress on immigration – Article 1 Section 1, ALL Legislative power held by Congress; Article II Section 3; Article I Section 8
• Unilaterally issued new exemptions to immigration restrictions law that bars certain asylum-seekers and refugees who provided “limited material support” to t
  
  errorists. – Article 1 Section 1; Article I Section 8 Congress shall have the Power..to establish an uniform Rule of Naturalization.
  
• Issued directive instructing ICE to NOT enforce immigration laws in certain cases. Article 1 Section 1, ALL Legislative power held by Congress; “he shall take Care that the Laws be faithfully executed,” Article II Section 3; Article I Section 8
• Release of convicted illegal aliens ordered in direct opposition to law-Article II Section 3
• Expanded executive action for amnesty to illegal immigrant relatives of DREAM Act beneficiaries. Article 1 Section 1, ALL Legislative power held by Congress; “he shall take Care that the Laws be faithfully executed,” Article II Section 3; Article I Section 8
• Executive action directing DHS that almost all immigration offenses were unenforceable absent a separate criminal conviction. Article 1 Section 1, ALL Legislative power held by Congress; “he shall take Care that the Laws be faithfully executed,” Article II Section 3; Article I Section 8
• Ignoring Law (2006 Secure Fence Act) “he shall take Care that the Laws be faithfully executed,” Article II Section 3
• Used DOJ to ignore section 8 of the Voting Rights Act. ” he shall take Care that the Laws be faithfully executed,” Article II Section 3
• Used DOJ to prevent Arizona and Alabama from enforcing immigration laws. – 10th Amendment
• Information memorandum telling states that they can waive the work requirement for welfare recipients, thereby altering the 1996 welfare reform law. – Article 1 Section 1, ALL Legislative power held by Congress.
• Used NLRB to dictate to a business where they can do business. (Boeing Dreamliner Plant). No Constitutional authority to do so.
• NDAA – Section 1021. Due process Rights negated. Violation of 3rd, 4th, 5th, 6th, and 7th Amendments.
• Executive Order 13603 NDRP – Government can seize anything
• Executive Order 13524 – Gives INTERPOL jurisdiction on American soil beyond law enforcement agencies, including the FBI.
• Executive Order 13636 Infrastructure Cybersecurity – Bypassing Congress Article 1 Section 1, ALL Legislative power held by Congress
• Attempt to tax political contributions – 1st Amendment
• DOMA Law – Obama directed DOJ to ignore the Constitution and separation of powers and not enforce the law. ” he shall take Care that the Laws be faithfully executed,” Article II Section 3
• Dodd-Frank – Due process and separation of powers. Consumer Financial Protection Bureau writing and interpreting law. Article. I. Section. 1
• Drone strikes on American Citizens – 5th Amendment Due process Rights negated
• Bypassed Congress and gave EPA power to advance Cap-n-Trade
• Attempt for Graphic tobacco warnings (under appeal) – 1st Amendment
• Four Exec. appointments – Senate was NOT in recess (Court has ruled unconstitutional yet the appointees still remain)
• Obama took Chairmanship of UN Security Council – Violation of Section 9.
• ACA (Obamacare) mandate – SCOTUS rewrote legislation and made it a tax because there is no Constitutional authority for Congress to force Americans to engage in commerce. SCOTUS has no authority to Legislate or lay taxes. Article I Section 1 & 8.
• Contraceptive, abortifacients mandate violation of First Ammendment
• Healthcare waivers – No president has dispensing powers
• Refuses to acknowledge state’s 10th Amendment rights to nullify Obamacare
• Going after states (AZ lawsuit) for upholding Federal law (immigration) -10th Amendment.
• Chrysler Bailout -TARP – violated creditors rights and bankruptcy law, as well as Takings and Due Process Clauses – 5th Amendment (G.W. Bush also illegally used TARP funds for bailouts)
• The Independent Payment Advisory Board (appointees by the president). Any decisions by IPAB will instantly become law starting in 2014 – Separation of Powers, Article 1 Section 1.
• Congress did not approve Obama’s war in Libya. Article I, Section 8, First illegal war U.S. has engaged in. Impeachable under Article II, Section 4; War Powers Act – Article II Section 3.
• Obama falsely claims UN can usurp Congressional war powers.
• Obama has acted outside the constitutional power given him – this in itself is unconstitutional.
• Bribery of Senator Ben Nelson and Senator Mary Landrey. (Cornhusker Kickback and Louisiana Purchase) Article II, Section 4.
• With the approval of Obama, the NSA and the FBI are tapping directly into the servers of 9 internet companies to gain access to emails, video/audio, photos, documents, etc. This program is code named PRISM. NSA also collecting data on all phone calls in U.S. – Violation of 4th Amendment.
• Directed signing of U.N. Firearms treaty – 2nd Amendment.
• The Senate/Obama immigration bill (approved by both) raises revenue – Section 7. All Bills for raising Revenue shall originate in the House of Representatives
• Obama altered law – (A president has no authority to alter law) Delayed upholding the Employer Mandate Law (ACA) until 2015 – Individual Mandate will be enforced. A President does not have that authority – Article. I. Section. 1. All legislative Powers herein granted shall be vested in a Congress of the United States; The president “shall take care that the laws be faithfully executed” -Article II, Section 3; Equal Protection Clause -14th Amendment.
• Obama altered law – ACA Medicare cuts delayed until 2015. Article. I. Section. 1; Article II, Section 3.
• Obama altered law – Enforcement of eligibility requirements for ACA delayed until 2015. Article. I. Section. 1; Article II, Section 3.
• Obama wavered ACA Income Verification Article. I. Section. 1; Article II, Section 3.
• Obama altered law – Delayed ACA caps on out of pocket expenses until 2015. (when implemented premiums will skyrocket) Article. I. Section. 1; Article II, Section 3.
• Obama ignored judicial order to fulfill legal obligation regarding Yucca Mountain waste. Article II, Section 3
• Waived Federal provision that prevents U.S. From arming terrorist groups – Article I. Section 1; Impeachable under Article III, Section 3.
• Directed State Department HS to ignore law barring entry to U.S. those giving political or charitable aid to known terrorist groups. Article. I. Section. 1; Article II, Section 3.
• Obama shelves part of the ACA Law for Insurers, extending the life of non-qualifying (according to ACA) plans until Jan. 1, 2015. Article. I. Section. 1; Article II, Section 3. Violation of the Take Care Clause, Separation of Powers.
• Obama waved ACA individual mandate for those that lost their insurance. Article. I. Section. 1; Article II, Section 3. Violation of the Take Care Clause, Separation of Powers.
• Obama alters ACA law and exempts companies employing between 50-100 full-time workers from business mandate until 2016. Article. I. Section. 1; Article II, Section 3.
• In total, Obama has unilaterally altered ACA 24 times. Article. I. Section. 1; Article II, Section 3. Violation of the Take Care Clause, Separation of Powers.

Content? Most people would have backed off when they noticed I gave an exact number.

 

[Pumpkin Row]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

Keep in mind the US president doesn't have the power to unilaterally impose any of this. Also people like moody's aren't exactly unbiased as they have a vested interest in the status quo. On top of that their ratings debacles in this last economic meltdown would make me more than a little skeptical of anything that they produce.

That didn't stop Obama. He violated the Constitution 64 times, and has only been stopped once, that I know of.

I've actually heard people that support Trump say that it would be a good lesson for the left in the dangers of expanding executive power.

Pretty sure the left is incapable of learning.

 

[Zorro!]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

It's not scary at all, it's a silly hysterical pile of crap.

WE HAD BEEN ASSURED WE WERE ON THE CUSP OF ANOTHER DEPRESSION: Solid U.S. Retail Sales Confirm Consumer Strength.

To be fair, we’ve been told that every month since November, 2016. It’s like nobody’s listening.

 

[Dick Foster]

Gee this thread was started in 2016. There's no recession on the horizon yet only new market highs daily. Could it be they just didn't know their ass from a hole in the ground?

 

[bendog]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

It's an old link. Imo there are two unknowns with Trump going where no president has gone before by using the Fed to finance his tax cuts for the 1% and increases in spending. What's happening is we are stimulating the economy by consuming without actually increasing the money supply. IN THEORY that means inflation, which is caused when there are more goods and services available for purchase, and increasing wages, but no actual increase in the dollars. BUT economists have been wondering since 1992 where inflation went.

JMO but the more likely scenario is that - unless the Fed just goes on forever in buying govt bonds and then letting the money go "poof" off it's balance sheets - we will see demand for goods and services collapse because the govt has to jack up rates to get foreign and private investors to buy our deficits. Or if the Fed just continues to buy more and more debt will other countries may not want to keep the dollar as the reserve currency. No one can possibly know the answer because it's never been done before … or at least since the Great Depression.

 

[The Original Tree]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

Trollholio!

Thought that was supposed to happen the second he was elected?

 

[lennypartiv]

The recession has already been started by liberals in Germany. Hopefully it doesn't spread here.

 

[lennypartiv]

You mean Reagan's "trickle-down" economics - that George H.W. Bush referred to as voodoo economics? Meaning, feed rich fat people more and hope some crumbs fall from the table.

I know you Dems don't understand it, but it's good for the economy.

 

[Nostra]

Gee this thread was started in 2016. There's no recession on the horizon yet only new market highs daily. Could it be they just didn't know their ass from a hole in the ground?

Leftist Super Economist Paul Krugman predicted a market collapse right after Trump was elected.

He was off a bit.

 

[Yarddog]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

You guys were saying this three years ago... still waiting. What Trump was doing with the Chinese is called negotiating through strength. So far looks like its working despite the best attempts of the Democrat party to discredit Trump even during negotiations..... you think they really care about how the economy effects the American people??? its laughable. They only care what gets them elected, they will gladly raise your cost of living and lower your wealth if it furthers their cause

 

[LeftofLeft]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

Recessions or major corrections are inevitable. Here’s a thought...... Cut Spending.

 

[Zorro!]

Gee this thread was started in 2016. There's no recession on the horizon yet only new market highs daily. Could it be they just didn't know their ass from a hole in the ground?

It could be!

 

[Dick Foster]

Gee this thread was started in 2016. There's no recession on the horizon yet only new market highs daily. Could it be they just didn't know their ass from a hole in the ground?

It could be!

Ya think?

 

[Toddsterpatriot]

First, tax cuts on business help the working class, it promotes hiring, unlike Obama's massive tax on businesses. Second, I stopped paying attention to these economists when they claimed nothing was wrong with Bernie Sanders' economic plan. Thirdly, I'm pretty sure he also said he'd cut some of these MANY useless government agencies that shouldn't have existed in the first place. Fourthly, I highly doubt he'll actually follow through with any of his policies. Fifthly, I just wanted to say "fifthly".

You mean Reagan's "trickle-down" economics - that George H.W. Bush referred to as voodoo economics? Meaning, feed rich fat people more and hope some crumbs fall from the table.

Reagan's tax cuts were awesome!!!

 

[Toddsterpatriot]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

It's an old link. Imo there are two unknowns with Trump going where no president has gone before by using the Fed to finance his tax cuts for the 1% and increases in spending. What's happening is we are stimulating the economy by consuming without actually increasing the money supply. IN THEORY that means inflation, which is caused when there are more goods and services available for purchase, and increasing wages, but no actual increase in the dollars. BUT economists have been wondering since 1992 where inflation went.

JMO but the more likely scenario is that - unless the Fed just goes on forever in buying govt bonds and then letting the money go "poof" off it's balance sheets - we will see demand for goods and services collapse because the govt has to jack up rates to get foreign and private investors to buy our deficits. Or if the Fed just continues to buy more and more debt will other countries may not want to keep the dollar as the reserve currency. No one can possibly know the answer because it's never been done before … or at least since the Great Depression.

with Trump going where no president has gone before by using the Fed to finance his tax cuts for the 1% and increases in spending.

Didn't Obama do something similar?

unless the Fed just goes on forever in buying govt bonds and then letting the money go "poof" off it's balance sheets

Poof? Tell me more.

 

[imawhosure]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

It's an old link. Imo there are two unknowns with Trump going where no president has gone before by using the Fed to finance his tax cuts for the 1% and increases in spending. What's happening is we are stimulating the economy by consuming without actually increasing the money supply. IN THEORY that means inflation, which is caused when there are more goods and services available for purchase, and increasing wages, but no actual increase in the dollars. BUT economists have been wondering since 1992 where inflation went.

JMO but the more likely scenario is that - unless the Fed just goes on forever in buying govt bonds and then letting the money go "poof" off it's balance sheets - we will see demand for goods and services collapse because the govt has to jack up rates to get foreign and private investors to buy our deficits. Or if the Fed just continues to buy more and more debt will other countries may not want to keep the dollar as the reserve currency. No one can possibly know the answer because it's never been done before … or at least since the Great Depression.

with Trump going where no president has gone before by using the Fed to finance his tax cuts for the 1% and increases in spending.

Didn't Obama do something similar?

unless the Fed just goes on forever in buying govt bonds and then letting the money go "poof" off it's balance sheets

Poof? Tell me more.

Has Lakhota ever been correct on anything? At least this thread didn't have to go 20 pages before being ignored in 2016, but it sure is nice to bring it back to show how CREDIBLE Lakhota and the Left are, lol.

 

[petro]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

Epic fail of a thread.
Congratulations again.

 

[WTH_Progs?]

Trump has really done us a poor job huh Tonto?

 

[Zorro!]

Donald Trump’s economic policies are so bad that they would produce the longest U.S. recession since the Great Depression, a report from economists at Moody’s Analytics found last week.

Assume, as the economists did, that Trump could implement his key economic policies — tax cuts skewed heavily to the one percent, mass deportation of illegal immigrants, and huge tariffs on imports from China and Mexico — during his first two years as president.

The result: the U.S. will go into recession at the start of 2018 and not emerge until 2020. Instead of 6 million new jobs being created, 3.4 million Americans would lose their jobs. Gross domestic product will fall by 2.4 percent. That’s a longer, though less severe, downturn than the Great Recession (which officially began in December 2007 and ended in June 2009).

The Moody’s economists summed up their warning:

Even allowing for some variability in the accuracy of the economic modeling and underlying assumptions that drive the analysis, four basic conclusions regarding the impact of Mr. Trump’s economic proposals can be reached: 1) they will result in a less global U.S. economy; 2) they will lead to larger government deficits and more debt; 3) they will largely benefit very high-income households; and 4) they will result in a weaker U.S. economy, with fewer jobs and higher unemployment.

BUREAU OF ECONOMIC ANALYSIS, MOODY’S

To reach that conclusion, the economists took Trump’s stated policies and plugged them into their model for the U.S. economy. They noted that their model is similar to the ones used by the Federal Reserve and the Congressional Budget Office.

Of course, as The New York Times’ Neil Irwin points out, forecasting with precision is very hard, and so the Moody’s report is more useful to understand the broad economic trends that would be at work in a Trump presidency. Those trends are really bad.

First, Trump’s huge tax cuts, of which one-third would go to the top one percent, would fail to durably stimulate the economy, and the U.S. national debt would balloon. Debt is not necessarily bad. It can, in fact, be a good thing when it’s paying for investments that help grow the economy. But Trump’s tax cutting binge wouldn’t do that. It would instead send debt to record levels for no greater long-term purpose than to tilt the tax code even further in the favor of the rich.

Second, Trump’s vow to get tough on trade — by, for instance, putting a 45 percent tariff on Chinese imports — would raise consumer prices 3 percent. American businesses would be left struggling to find alternative sources of goods, while China raised its own tariffs in response. Not a good scene at all.

Third, there’s the presumptive GOP nominee’s pledge to deport all 11 million undocumented immigrants. Undocumented workers, Moody’s points out, make up 5 percent of the U.S. workforce. So Trump’s plan is the equivalent of ripping all the workers in North and South Carolina, and then some more, out of the economy, and telling yourself this will have no ripple effects on businesses or local communities.

More: Trump Could Trigger The Longest Recession Since The Great Depression, Report Says

Wow, that is seriously scary stuff. However, none of it surprises me based on Trump's own words and stated policies as president. Even scarier - he would surround himself with people who think like he does - including his family.

It's an old link. Imo there are two unknowns with Trump going where no president has gone before by using the Fed to finance his tax cuts for the 1% and increases in spending. What's happening is we are stimulating the economy by consuming without actually increasing the money supply. IN THEORY that means inflation, which is caused when there are more goods and services available for purchase, and increasing wages, but no actual increase in the dollars. BUT economists have been wondering since 1992 where inflation went.

JMO but the more likely scenario is that - unless the Fed just goes on forever in buying govt bonds and then letting the money go "poof" off it's balance sheets - we will see demand for goods and services collapse because the govt has to jack up rates to get foreign and private investors to buy our deficits. Or if the Fed just continues to buy more and more debt will other countries may not want to keep the dollar as the reserve currency. No one can possibly know the answer because it's never been done before … or at least since the Great Depression.

with Trump going where no president has gone before by using the Fed to finance his tax cuts for the 1% and increases in spending.

Didn't Obama do something similar?

unless the Fed just goes on forever in buying govt bonds and then letting the money go "poof" off it's balance sheets

Poof? Tell me more.

Has Lakhota ever been correct on anything? At least this thread didn't have to go 20 pages before being ignored in 2016, but it sure is nice to bring it back to show how CREDIBLE Lakhota and the Left are, lol.

The only thing more interesting than how consistently wrong they are, is how loudly and confidently they proclaim these things that they are wrong about. Sad!