Our economic house: Trump and the Republicans are doing this, again.

[shockey80]

Trump and the Republicans are once again laying shingle after shingle upon the roof of our economic house. Tax cuts for the rich, massive de-regulation, cutting oversight, etc. This leads to corruption and fraud, always.

At the same time they are removing cinder block after cinder block from the foundation of our economic house. They are attacking the economic safety net of the people. Attacking healthcare, attacking working men and women, attacking the poor It is just a matter of time before the walls come tumbling down. I am now predicting a major economic crisis is heading our way.

Corruption and fraud combined with no oversight and de-regulation equals economic collapse. This is not rocket science.

[Wounded Bear]

1. They have staved off the Trump slump so far...

[Mersky]

2. Well put.

Superbly concise.

Am journaling to comment more later, as I must go run around the snaggle-toothed cinder blocks at this time.

[Iliyah]

3. Leads to a fail economy where everyone is affected . . .

It is like a disease which does not discriminate you can be rich or poor, black, white, brown, yellow or red when it attacks.

It does not matter.

They are keeping the results quiet and are feeding bullshit. The economy is failing.

[greenjar_01]

4. Trump, up until this point, has been a tax-cutting Keynesian

In essence, a fucking child. It's pizza everyday.

The bill is coming.

Who do you think is going to be forced to pay?

[Mersky]

5. He's a tax-cutting something, alright

Last edited Wed Feb 12, 2020, 01:21 PM - Edit history (1)

But I wouldn’t call him a Keynesian. If he was one, he’d likely recognize that government spending up to a point produces greater economic returns than cutting taxes on the wealthy producers.

Nah, his enablers (let’s face it, tRump doesn’t know what he’s doing) are stuck on convenient equilibriums that shine supply side fairy tales as dreamed-up by ayn rand, etc.

[Wellstone ruled]

6. The alarm Bells were sounded with

the Powell testimony the other day. No-Doc Loans are back with a vengeance and those Mortgages are be bundled once again and sold as top rated Bonds. Red Lining is back with a Vengeance as well. Wells Fargo is rumored to be doing it once again.

The other scary note,Margin Accounts are the new drug for the Stock Brokers.

When five Stocks control the dollar value of the Dow,you got a bubble that is about to blow. Tesla at a Grand,something is way out of wack.

[shockey80]

7. Tick, Tick, Tick.

[Wellstone ruled]

8. And that fuse is burning faster by the minute.