Anti-Economics

Discussion in 'Political Action Forum' started by DComeaux, Jan 21, 2021.

  1. JBM SteelSlinger

    JBM SteelSlinger Senior Refuge Member

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    Then why doesn't it work
     
  2. KENNEDY63

    KENNEDY63 Elite Refuge Member

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    Are saying that the economic and tax policies under the Trump administration "didn't work"? And especially for the that oh so hard to define "middle class"?
     
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  3. JBM SteelSlinger

    JBM SteelSlinger Senior Refuge Member

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    Worked out rather well for the rich and Corporations who used tax cuts for buyback .And Ceo'and Executives who pay was tied to the value of their stock .But the little guy all he got was a debt that rose 8 trillion
     
  4. pintail2222

    pintail2222 Elite Refuge Member

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    Buybacks were more profitable when Obama’s Fed had the Fed Fund rate below 0.25% for 7 years. Under the Trump admin at least Powell started to move the Fed Fund rate up... But I guess people like their retirement accounts and pension funds to increase in value....

    Ah - the good ol days - a business takes out a loan @ 2% and buys up shares outstanding- lowers their float - they beat the street - and cha-Ching thank you Ben Bernanke!
     
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  5. Bclick

    Bclick Elite Refuge Member

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    Speaking of Powell was he on vacation with Jack Ma?
     
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  6. pintail2222

    pintail2222 Elite Refuge Member

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    LOL! :clap :l :yes

    Don’t worry investors Jack is back!!!

    FYI - I refuse to trade BIDU. :fp
     
  7. Bclick

    Bclick Elite Refuge Member

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    Wow the chart on that one
     
  8. BigSkyDuk

    BigSkyDuk Elite Refuge Member

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    Well, three trillion was from the China flu response. But nobody ever claimed Trump was a fiscal conservative. However, he did preside over historically low unemployment rates and record economic growth... so what didn’t work again?
     
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  9. Bclick

    Bclick Elite Refuge Member

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    If you can't run close to a balanced budget with record growth you have partially failed. He should have vetoed every budget congress sent him to keep his promise to rid the nation of the debt load (pretty sure that was one of his promises).
     
  10. JBM SteelSlinger

    JBM SteelSlinger Senior Refuge Member

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    But what was Trumps response when his Fed chairman tried to raise them .
    Why if the economy is running balls out after a unprecedented period of growth would you give a tax break to people who don't need it.Then when you do need something to stimulate the economy your out of ammo
     

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