Political Forums - Skewering of Leftist Economic "Conventional Wisdom"

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- - Skewering of Leftist Economic "Conventional Wisdom" (http://www.politicalchat.org/showthread.php?t=12192)

A vote for a Democrat is a vote for the bull market, according to this chart
‘When the Dems are in office it’s a good time to go all in on stocks’

https://www.marketwatch.com/story/a-...art-2019-10-31

Quote:

No doubt, billionaire Wall Street types are fretting the potential of a “democratic so************************t” taking the White House in 2020. But should they be?

FT Alphaville isn’t so “sure these masters of the universe have got this one right” and created this chart to illustrate that “Democrat presidents have far superior market returns to Republic presidents”:

https://ei.marketwatch.com/Multimedi...b-9c8e992d421e

Barack Obama @BarackObama

Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.

7:46 AM · Feb 17, 2020·Twitter for iPhone

... naturally, the biggest beneficiary of Obama’s signature bill couldn’t stand the fact that he is benefiting, greatly, calling it a con job. Everyone here except the incredibly ignorant Whell and Dondilion know exactly who the con man is.

https://www.newsweek.com/trump-obama...n-jobs-1487730

When Trump was a presidential candidate he correctly noted that the US economy was a huge bubble: ever-growing deficits, massive debts in many sectors. Additionally, he noted the manipulation of economic metrics, for example those relating to unemployment.

When Trump became president, he quickly claimed the same bogus economic numbers and increased the bubble with tax giveaways and massive spendings (especially military).

The anti Trumpers were hoping for an economic debacle before the election. One of them openly called for recession.

So why has the economy not collapsed, despite Trump's economic negatives?
The people benefiting from Trump's giveaways and continued printing of fiat are people who are close to and early in the system.
The bulk of Trump's handout has not reached the man on the street to cause inflation; it has been invested in the stock market, luxury goods and stuffed abroad.
Moreover both Obama's and Trump's bubbles have been facilitated by US Goodwill, buttressed by Nixon's deal with the Saudis making the US dollar the reserve currency of the world; US big influence in the most important monetary institutions - world bank, IMf, SWIFT.
So the world still buys US debt, despite US poor economic markings.

Essentially, it is Trump's economy. He has it for 3 plus years. If it had imploded? :D

Life is always good on a credit card, especially if you never plan on paying the bill.

Leaving it for another generation or two to worry about!

That's how that fascist guy in Germany bought his prosperity image, that and plunder.

Companies that binged on buybacks now seek bailouts from taxpayers

https://www.cnn.com/2020/03/24/busin...ing/index.html

Quote:

Corporate America, armed with the Trump tax cuts, lavished Wall Street with a multi-trillion dollar share buyback spree over the past two years.

Now, some of the same companies that binged on buybacks are in line to receive taxpayer-funded bailouts to keep them alive.

Screw them!