HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Donald Trump always liked...

Thu Jul 23, 2020, 09:03 PM

Donald Trump always liked to call himself the "King of Debt".

As President, he has proven it.

First thing he did was get Paul Ryan and Mitch McConnell to pass a two-trillion dollar tax cut for himself and his rich buddies. Add that to the debt.

The wealthy began immediately to buy back their stock and drive up the stock market.

When the pandemic hit, they threw money everywhere and at everybody. Trump and Mnuchin kept a tidy sum aside to loan to small businesses, to make sure they did not go under. However, most of it went somewhere else. Trump fired his Inspector General so no one would know what happened to the money.

The stock market had dropped like a rock. Even the manipulators of the stock market were panicking. Trump and Mnuchin assured their financier friends on Wall Street that they had money to loan them if they needed to keep their stock prices up. The Dow Jones has gained almost 10,000 points since its huge loss from the pandemic.

How is it possible to have a bad economy with that much money injected into it? This is the "greatest economy ever" that Trump likes to brag about. If not for this huge debt, it is unimaginable where we would be right now.

But we should not be deceived that it was anything other than the debt (taxcuts and government spending) that has kept this economy from going under.

0 replies, 240 views

Reply to this thread

Back to top Alert abuse

Reply to this thread