Trump stockmarket. Inflation. The fed under trump pumped trillions in the market.

[Couchpotato]

You finally noticed that!!! Good for you, and good on you for admitting it.

While I wouldn't say that Obama didn't do anything wrong, he wouldn't have created the most successful American economy and the longest period of sustained growth in US history if he hadn't been doing pretty much everything right, now would he?

Of course Obama was sandwiched between two of the worst Presidents in US history, so of course he shines through in comparison of the guy he replaced and the racist idiot you elected to replace him.

WOW just wow. What's it like walking through life with your face so far up someone's hiney?

 

[iamwhatiseem]

What does this have to do the the intervention by the Federal Reserve, doofus???? We weren't discussing the Housing Bubble or the bailout, we were discussing the interventionist policies of the Federal Reserve under Obama and Trump.

Yes, there was a House Bubble and millions lost their home, but we're talking about the Federal Reserve. Please try to keep up and stay on topic.

Oh so all you want to discuss is the parts that don't make Obama look bad - gotcha.

 

[BasicHumanUnit]

Why are you quoting FOX News? They have no credibility on anything, especially the economy. I am deadly serious here.

JOE BIDEN IS NOT RESPONSIBLE FOR THE PRICE OF GASOLINE. FOX NEWS IS A QUESTIONABLE SOURCE WITH AN AGENDA TO LIE.

With all due respect......
You are a certified Imbecile.

 

[RetiredGySgt]

Ya blame trump when every year of his presidency no real inflation.

 

[iamwhatiseem]

More than that, the cult took credit for the economy that had trillions of inflationary stimulus pumped into it, AND the orange buffoon BEGGED the Fed for MORE.

But, of course, they're not told about that stuff in their universe.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

Oh bullshit.
Plenty of us complained about it.
You just want to claim no one did.
Plenty of us complained about the first Covid stimulus that wasn't needed, and we couldn't afford to pil on more debt.
Trump was vote buying when he did it. And plenty, including myself, said so.
It wasn't right he did it. It wasn't right when Biden kept extending it despite EVERYONE saying to stop it except the squad and far left loons.

 

[Dragonlady]

More than that, the cult took credit for the economy that had trillions of inflationary stimulus pumped into it, AND the orange buffoon BEGGED the Fed for MORE.

But, of course, they're not told about that stuff in their universe.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

All of Trump's economic policies were to stimulate the economy like you were in a recession - deep tax cuts, high government spending, huge deficits. These are not the policies you put in place in a boom economy. These are recession fighting policies. And they didn't work.

The tax cuts provided little to no stimulation at all. The working people didn't get enough money to make any real difference to their economic situation, and the wealthy and corporations were already awash in cash and didn't really need the capital. There was zero investment in jobs, wages or growth. The money was used to buy back shares and further consolidate the wealth of the nation at the top.

Even with the double goosing of tax cuts and increased deficit spending, job growth and GDP SLOWED under Trump and was lower that it was under Obama.

All of this is a poor sell in MAGA World because MAGA Voters don't really understand how the economy works, and they foolishly believe that Donald Trump is a successful businessman who knows how to make money and get rich.

Trump does have a proven formula to make money for himself - lie like hell, and steal all you can. And his voters are still sending him money to "stop the steal".

 

[Mac1958]

All of Trump's economic policies were to stimulate the economy like you were in a recession - deep tax cuts, high government spending, huge deficits. These are not the policies you put in place in a boom economy. These are recession fighting policies. And they didn't work.

The tax cuts provided little to no stimulation at all. The working people didn't get enough money to make any real difference to their economic situation, and the wealthy and corporations were already awash in cash and didn't really need the capital. There was zero investment in jobs, wages or growth. The money was used to buy back shares and further consolidate the wealth of the nation at the top.

Even with the double goosing of tax cuts and increased deficit spending, job growth and GDP SLOWED under Trump and was lower that it was under Obama.

All of this is a poor sell in MAGA World because MAGA Voters don't really understand how the economy works, and they foolishly believe that Donald Trump is a successful businessman who knows how to make money and get rich.

Trump does have a proven formula to make money for himself - lie like hell, and steal all you can. And his voters are still sending him money to "stop the steal".

Yeah. They've been told, since the days of Limbaugh, that the (R) after their name automatically makes them experts on this stuff.

On no topic is the Dunning-Kruger-esque, arrogant ignorance of Trumpism more on display than economics and markets.

As I said back then, Trump made Keynes roll over in his grave, and the rubes had absolutely no idea. It was all kept from them, and they believed/believe his bullshit.

 

[iamwhatiseem]

Yeah. They've been told, since the days of Limbaugh, that the (R) after their name automatically makes them experts on this stuff.

On no topic is the Dunning-Kruger-esque, arrogant ignorance of Trumpism more on display than economics and markets.

As I said back then, Trump made Keynes roll over in his grave, and the rubes had absolutely no idea. It was all kept from them, and they believed/believe his bullshit.

HAhahaha.... look at you agreeing with one of the worst posters on this forum... who is next - JoeB??

Hilarious. Is that you Billy00?

 

[Mac1958]

HAhahaha.... look at you agreeing with one of the worst posters on this forum... who is next - JoeB??

Hilarious. Is that you Billy00?

Yeah, the Trumpsters are in charge of deciding who the "worst posters" are.

Grow up, child.

 

[iamwhatiseem]

Yeah, the Trumpsters are in charge of deciding who the "worst posters" are.

Grow up, child.

And again, you just want to put people in nice little boxes so you feel superior.
It's what you do.
And everyone knows it.... except you of course.

 

[Dragonlady]

Ya blame trump when every year of his presidency no real inflation.

Thank you President Obama. Trump coasted on the coattails of the Obama Economy throughout his Administration, all while claiming credit for the "best economy ever".

The American economy doesn't turn on a dime. It took 8 years for W's economy to crash, but the ground work was laid in his first term with the unfunded tax cuts, unfunded wars, unfunded Medicare Part D, and his home ownership act.

As for Trump's policies, Trump kicked the can down the road on the results of ALL of his bad policy decisions. When the OBO produced a report that said that Trumps tax cuts would cause a recession within 10 years of their passage, and that the recession would very deep and difficult to get out of, Trump dismissed it saying "He'd be long gone by then".

In December of 2020, after he lost the election, Donald Trump signed off on OPEC's refusal to increase oil production as the world emerged from the pandemic. Whether Trump did this to help American oil companies profit, or he did it because it would cause shortages worldwide and Biden would be blamed, or whether it was a little bit of column A and a little bit of column B, this policy had a far bigger impact on gasoline prices that anything Joe Biden did in the USA.

 

[pknopp]

Inflation didn't start until Biden started his "war on energy",

Yes it did. Inflation can't even happen without a massive influx of money. Econ 101.

 

[pknopp]

The difference being that Obama was doing it to soften the impact of the recession and was reducing both the deficit and the amount of Federal Reserve intervention at the end of his Administration. When Trump came into office, he went on a debt fuelled spending spree throughout his 4 years in office, and cranked up the Fed's printing presses.

Trump SHOULD have been raising taxes and cutting spending in the boom, not cutting taxes. His tax cuts and spending were highly inflationary in a boom economy, and then came the trade wars. Watching Trump in office, it was easy to see why he's presided over 7 large corporate bankruptes. Stupid and incompetent doesn't begin to cover Trump's business skills.

We never should have done any of it to start with. And if you were going to do anything, you help those losing their homes, not those taking them.

 

[KissMy]

Trump printed 500% increase in money supply, bought bonds from banks so banks could buy stocks driving up markets. But demand for goods & services were low and money stayed in banks, because everyone was cowering at home until vaccine got them out working & consuming again driving up demand & prices. Eventually all prices will go up 500% once all that cash Trump printed gets loaned out.

Trump also fired Janet Yellen for raising interest rates and replaced her with Jerome Powell. So now we will be stuck with 10 years of stagflation.

 

[Dragonlady]

And again, you just want to put people in nice little boxes so you feel superior.
It's what you do.
And everyone knows it.... except you of course.

Are you genuinely this stupid or is this an act you put on for the internet???? You post like a 12 year old child, in dire need of an attitude adjustment.

We never should have done any of it to start with. And if you were going to do anything, you help those losing their homes, not those taking them.

But Republicans wouldn't do THAT. Republicans voted to bail out the big banks and Wall Street brokerage houses, but they refused to help out home owners - personal responsibility. These people shouldn't have bought houses they couldn't afford in the first place. This is the same Republican Party that refused to extend unemployment benefits to the unemployed in 2009, because it was "discouraging American workers from looking for work".

Republicans since Reagan have voted against ANY measures that put more money into the hands of working Americans, except for increasing "earned income credits". They've only increased the minimum wage ONCE in the past 40 years. The other 8 increases to the MW have happened under Democrats in the White House.

Now they're voting against the Child Tax Benefit which is enormously beneficial for young families, and which help lift millions of children out of poverty.

If giving families money discouraged people from working, how come citizens in Europe and Canada, with our cradle to the grave social programs, are so hardworking???? Canada has the fastest growing economy in the G20. The USA is close to the bottom.

 

[pknopp]

But Republicans wouldn't do THAT. Republicans voted to bail out the big banks and Wall Street brokerage houses, but they refused to help out home owners - personal responsibility.

Wrong, we passed HARP but the only problem was it was totally corrupt and instead of being used to help people keep their homes, it was used by banks to "Pay back" TARP.

It was all a scam to provide cover and riches for the corrupt banks.

There is a reason why the rich did very well under Obama while the poor fell even further behind.

 

[DBA]

More than that, the cult took credit for the economy that had trillions of inflationary stimulus pumped into it, AND the orange buffoon BEGGED the Fed for MORE.

But, of course, they're not told about that stuff in their universe.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

So says our resident financial guru. Where are you hiding your client's money under this administration? Are you the king of shorts or what?

 

[Dragonlady]

And again, you just want to put people in nice little boxes so you feel superior.
It's what you do.
And everyone knows it.... except you of course.

Are you genuinely this stupid or is this an act you put on for the internet???? You post like a 12 year old child, in dire need of an attitude adjustment. You cover your ignorance on any topic with bluster and insults which further confirms your stupidity and immaturity.

With all due respect......
You are a certified Imbecile.

With all due respect??? When you can't attack the post, you attack the poster. Like your opinion of me matters.

 

[Moonglow]

Fed to pump in more than $1 trillion in dramatic ramping up of market intervention amid coronavirus meltdown

The Federal Reserve intervened in financial markets for the second day in a row.

www.cnbc.com

Buying securities. Like crazy folks.

For you folks that know what this means.

I'll show you more federal spending before Biden even took office.

They won't care or recognize the act.

 

[BrokeLoser]

More than that, the cult took credit for the economy that had trillions of inflationary stimulus pumped into it, AND the orange buffoon BEGGED the Fed for MORE.

But, of course, they're not told about that stuff in their universe.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

Trump and the Dem Congress felt entitled to spend because Trumps tax plan was such a success.

The Numbers Are In: Trump’s Tax Cuts Paid Off

The Congressional Budget Office’s May 2022 forecast shows that the government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected prior to the December 2017 passage of tax reform.

www.heritage.org