Trump Policy has Given us this Inflation

[g5000]

Market down 300 today.

Several straight days of losses.

Looks like Bidenomics is working perfectly.

The market is reacting to a pending government shutdown by the crackhead wing of the GOP, dumbass.

 

[g5000]

Government shutdown fears rattle US stocks, but history shows upside

Concerns over a potential shutdown kept U.S. stock indexes trading lower over the past week, although a bulk of this weakness was also driven by fears of a hawkish Federal Reserve. The S&P 500 is trading down 2.7% over the past seven days.

But while a shutdown is expected to provide more headwinds to the U.S. economy- especially as it grapples with higher-for-longer interest rates and sticky inflation, historical data shows that stock markets have performed well during the three shutdowns over the past 10 years.

S&P 500 has consistently gained during past shutdowns ​

In the 2018-2019 shutdown, which was the longest in U.S. history at 35 days, the S&P 500 sank 7% in the week before the shutdown. It then slid another 2.7% on the day the shutdown was announced.

But the index then rebounded more than 11% over the duration of the shutdown.

 

[bendog]

Government shutdown fears rattle US stocks, but history shows upside

Concerns over a potential shutdown kept U.S. stock indexes trading lower over the past week, although a bulk of this weakness was also driven by fears of a hawkish Federal Reserve. The S&P 500 is trading down 2.7% over the past seven days.

But while a shutdown is expected to provide more headwinds to the U.S. economy- especially as it grapples with higher-for-longer interest rates and sticky inflation, historical data shows that stock markets have performed well during the three shutdowns over the past 10 years.

S&P 500 has consistently gained during past shutdowns ​

In the 2018-2019 shutdown, which was the longest in U.S. history at 35 days, the S&P 500 sank 7% in the week before the shutdown. It then slid another 2.7% on the day the shutdown was announced.

But the index then rebounded more than 11% over the duration of the shutdown.

I've wondered what the Fed would do if the economy actually lost gnp because of a shutdown? Although at this point, I'd not be surprised if Steve Martin doesn't redeaux Theodorick of York, and tie up the lot of governors and throw them in a lake to see if they are witches.

 

[kaz]

The market is reacting to a pending government shutdown by the crackhead wing of the GOP, dumbass.

That sucks. On the other hand, you're new avatar rocks! Trump is a bad ass

 

[HikerGuy83]

The market is reacting to a pending government shutdown by the crackhead wing of the GOP, dumbass.

Of course.

The feds recent announcement about potential rate hikes (after which the market immediately dropped) had nothing to do with it.

 

[BluesLegend]

Biden and Dems add $7 trillion to the debt in only the past 2 years...SPIN and deflect to Trump/GOP.

 

[hadit]

BS! Democrats ran a surplus. It was Republicans & Bush who refused to swat flies, dared UBL to attack & lied to democrats in congress about it. It was Bush's high school friend General Tommy Franks who commanded Delta Force allow UBL to escape Tora Bora to justify invading Iraq. Repubtards own that 100%!!!

Do we really need to name all the democrat congresscritters who voted for it? It would appear that you have a very selective memory.

 

[bendog]

Biden and Dems add $7 trillion to the debt in only the past 2 years...SPIN and deflect to Trump/GOP.

deficits 2015-19

-441,960

-584,650

-665,450

-779,140

-983,596

 

[Toddsterpatriot]

Trump did this before covid, in 2017 he passed the $5 Trillion stimulus bill that greatly added to our deficits and hand outs.

Link?

 

[kaz]

Biden and Dems add $7 trillion to the debt in only the past 2 years...SPIN and deflect to Trump/GOP.

Only a totally immoral dick would count Covid as Trump deficit spending. You know, you.

But I can't stay mad at you with that kick ass avatar! Bam! Trump rocks!

 

[Toddsterpatriot]

In Oct 2019, the FED instituted QE again, because Trump's economy was so weak he needed even more stimulus.

There was no QE in 2019, idiot.

What about QE2 in 2010?
And QE3 in 2012?

The recession ended in July 2009, what did that idiot Obama need more QE?
Is it because he was so bad on the economy?
Weakest recovery ever.

 

[Toddsterpatriot]

In 2017, Trump borrowed $ 4.7 trillion to pay for his massive tax cut act

Debt at the start of 2017 was $19.9 trillion.

At the start of 2018..... $20.5 trillion.

Debt to the Penny | U.S. Treasury Fiscal Data

Debt to the Penny is the total debt of the U.S. government and is reported daily. It is made up of intragovernmental holdings and debt held by the public.

fiscaldata.treasury.gov

He didn't borrow $4.7 trillion in 2017, you stupid twat.

 

[Toddsterpatriot]

Biden has spent far less than Trump and offset spending with cuts

Where did Biden spend less than Trump?

Be specific.

 

[The5thHorseman]

There was no QE in 2019, idiot.

What about QE2 in 2010?
And QE3 in 2012?

The recession ended in July 2009, what did that idiot Obama need more QE?
Is it because he was so bad on the economy?
Weakest recovery ever.

Is it because he was so bad on the economy?
Weakest recovery ever

You've been shown, Toddster...

Here is another, showing the same thing.

Longest expansion ever.

 

[Toddsterpatriot]

You've been shown, Toddster...

Here is another, showing the same thing.

Longest expansion ever.

Poor Obama, his crappy economy wasn't his fault.

But he was a hell of a deficit hawk, eh?

 

[The5thHorseman]

Poor Obama, his crappy economy wasn't his fault.

But he was a hell of a deficit hawk, eh?

Toddster,

At what rate did spending grow under his administration?

Revenues?

How does that compare with Republican presidents since 1989?

 

[KissMy]

Do we really need to name all the democrat congresscritters who voted for it? It would appear that you have a very selective memory.

They were lied to until the documents were declassified after the 2004 election was over. Democrats got UBL and got US out of Iraq and Afghanistan as you Republican were whaling, weeping and gnashing teeth.

 

[BluesLegend]

Only a totally immoral dick would count Covid as Trump deficit spending. You know, you.

But I can't stay mad at you with that kick ass avatar! Bam! Trump rocks!

Re-read...BIDEN added $7 trillion to the debt the past 2 years.

 

[Toddsterpatriot]

Toddster,

At what rate did spending grow under his administration?

Revenues?

How does that compare with Republican presidents since 1989?

You're giving Obama credit for keeping spending under control?

 

[The5thHorseman]

You're giving Obama credit for keeping spending under control?

I'm crediting what the data and math, of which you've proven incapable, demonstrate.