2016 Postmortem
In reply to the discussion: Nate Was Just On CNBC With Maria Bartiromo (Smackdown time!) [View all]wishlist
(2,795 posts)Although no evidence points to any benefits whatsoever to the overall economy (only to the wealthier getting richer) these business pundits have not let up on the lower taxes garbage Repubs keep pushing.
It was also interesting that in the last couple of days CNBC folks were saying that dollar going up in value recently (causing oil and gas to fall and other commodities) was bad for the market and that the fed should stop what its been doing that has raised the value of the dollar. They don't give a hoot for the American consumer who benefits from lower gas and oil and commodity prices or the American economy, it's all about helping big corporations, the oil companies and speculators being able to make a killing.
And most nauseating is despite historically record profits and record low taxes for for corps and wealthy under the Obama recovery, unlike the Bush downturn, these CNBC folks are so selfish and unsatisfied and pushing Romney just out of greed.