Anti-Economics

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

  1. KENNEDY63

    KENNEDY63 Elite Refuge Member

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    Record low unemployment and increasing wages ring a bell? :l:l:l
     
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  2. KENNEDY63

    KENNEDY63 Elite Refuge Member

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    Wow - the economic envy is strong in this little one......

    Question - when you go to the store to buy a bottle of Coke - do they ask how much you make before they tell you the price? Why should government be priced any differently?
     
  3. eel river

    eel river Elite Refuge Member

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    It’s pretty simple. Trump had many lofty economic idealism’s that many people voted for. Some he accomplished, many he didn’t. Biden has many lofty economic idealism’s of which some will likely be achieved and some won’t. The net/net is a tough equation and determination of which one was better or worse, from a societal basis instead of a personal basis, is to be best assessed after a couple of years. Trading debt for supposed current economic impact is a not something that can continue forever.
     
  4. pintail2222

    pintail2222 Elite Refuge Member

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    I believe Trump said he wasn’t “thrilled”. And his response was after Powell had already raised the Fed Fund rate two times that year.

    Do you know why Powell raised them?
     
  5. pintail2222

    pintail2222 Elite Refuge Member

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    Well you can always do what they did during the Obama Administration when they started to run out of “ammo” - they can print more money.

    Does three bouts of Quantitative Easing ring a bell?
     
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  6. API

    API PAF-CA Flyway Moderator

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    ...aaannd somebody is standing next to Joe telling the tool what to do next.
     
  7. JBM SteelSlinger

    JBM SteelSlinger Senior Refuge Member

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    I believe he raised them to put a little distance between zero points. If the economy went south and rate cuts were needed he could lower them .But by seeing your previous comments on the stock market you know more then I
     
  8. JBM SteelSlinger

    JBM SteelSlinger Senior Refuge Member

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    But didn't Bush hand Obama The Great Recession the Dow was down 20% the S&P 50 % how was the Trump economy seems hard to compare these 2 administrations
     
  9. BigSkyDuk

    BigSkyDuk Elite Refuge Member

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    Powell raised them because the economy was humming along at 4% GDP growth, and at that rate you don’t need money priced at 0%. You need money priced at 0% when you preside over the slowest, lowest growth “recovery” in history.
     
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  10. pintail2222

    pintail2222 Elite Refuge Member

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    Yes it is.

    TARP had already begun under Dubya the Idiot Kings last few months causing the Obama economy to grow due to borrowing $ for the TARP bailouts as well as printing money.

    Prior to the Wuhan - Trumps economy was growing due to economic growth. Actually it was growing in spite of Trump and his tariffs.
     
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