2018 Jul 20, 11:04pm
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But def a flip.
There is no need for the Fed to raise interest rates.The purpose of raising rates was to combat inflation. Paul Volker raised rates when inflation was over 10%.I hope they don't raise rates either.
mell saysBut def a flip.If he said he was happy they would cut the rates to 0.025%, now they may raise it to 5% where it belongs. Just to Fuck Trump, Trump is so good he fucks them with their own dicks.
Well there is inflation in local goods and services that cannot be imported
Plus he has to blame somebody if/when things go south, the buck never stops at his desk, never.
ALL Trump's fault
is the tax cuts have not significantly increased wages yet
That $20 TRILLION of debt on the books (left by Obama)
Debt has been created over pretty much any administration over a 4/8 year period (
I don't mind Trump so far, but to put $20T on Obama is laughable.
MrMagic says ALL Trump's faultOf course not, but the trade policy change is all his, his actions rightly or wrongly on trade aren't Obama's or Hillary's or the Congress therefore he, not being willng to ever take responsibility when things turn out not as he and his band of retarded advisers say they will, needs to blame someone and its the Fed.
skridlov saysis the tax cuts have not significantly increased wages yet I’ve been hearing job recruitment ads on the radio lately. Never heard that before. Mostly for blue collar positions.
There are more jobs available than job seekers
Currently I am in "flyover country" things are not so good job wise.
So far there not clear indications of that happening to any significant extent. Granted its early, so maybe best wait a few quarters and see, but I am a skeptic.
When Obama took office the debt was at $10.7 trillion so this meme is a bit dishonest. Also when Obama left the debt was $19.9 trillion so more like $9.2 trillion on Obama's watch.
MrMagic saysCrying over a few billion when he destroyed the country by adding TRILLIONS..Nice...Trump is only up to $1.4 trillion, I wouldn't call that trillions yet but he'll get there, don't worry.
Crying over a few billion when he destroyed the country by adding TRILLIONS..Nice...
But the number of jobs wasn't the issue, it was: are wages rising from the tax cut as was promoted and promised. So far there not clear indications of that happening to any significant extent. Granted its early, so maybe best wait a few quarters and see, but I am a skeptic. Making the rich richer and corporations fatter (with borrowed money) so that they may willingly bestow their largess upon the working stiff seems a very sketchy proposition to me.
Tax Revenues Jump 13% To Record High In April — When Will Dems Admit They Were Wrong About Trump's Tax Cuts?
probably because we were in a recession the likes of which hadn't been seen since the 1930's.
Did Trump have to deal with the same shit as Obama was handed? If no then why the hell has he add $1.4 trillion?
Why is it that only Obama's debt is bad?
The Federal Reserve seems to have a more long term outlook. They know if inflation gets out of hand, we will all pay a very stiff price down the road.
Personally I would have like to see all those rich fucks loss a shit load of money in 2008.
At least I can admit that it and don't go walking around with niether Trump's dick nor Obama's dick in my mouth.
If debt was bad then it should still be bad now only a hippocrate would support Trump's debt over Obama's.
You still haven't explained what shit Trump is stuck cleaning up.
The last time that happened, wages rose 400%
MrMagic saysI agree, can you point out anywhere where I've supported Trump's debt.Yes
I agree, can you point out anywhere where I've supported Trump's debt.
Any post made in favor of a tax cut is also in favor of deficit spending.