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  #591  
Old 08-01-2018, 09:46 AM
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It's not about 'facts", it's about controlling the narrative. Always has been with liars.
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Last edited by Pio1980; 08-01-2018 at 09:50 AM.
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  #592  
Old 08-01-2018, 05:31 PM
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^^^ Exactly right! Good point!
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  #593  
Old 08-02-2018, 11:00 AM
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Interesting that a company with a gay CEO, which imports virtually all the hardware it sells from China, and employs thousands of immigrants, is the first to reach a market value of $1T. Repubes and their hateful Evangelical and White Supremacy membership must be just livid.
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  #594  
Old 08-03-2018, 08:17 AM
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The Trump administration is headed for a gigantic debt headache

Debt levels are piling up in the government, pushing borrowing costs higher.

The Treasury Department announced Wednesday that it will be increasing the size of its auctions to help pay for burgeoning budget deficits.

While the Trump administration has said that economic growth would make up for shortfalls from tax cuts and spending increases, the early results do not bear that out.

https://www.cnbc.com/2018/08/02/the-...-headache.html

So, who will they blame after they destroy the economy? Hillary? The “Deep State”? You’re as dumb as Whell if you think this will end well.
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  #595  
Old 08-03-2018, 08:23 AM
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Originally Posted by Chicks View Post
The Trump administration is headed for a gigantic debt headache...
"Booming economic growth has not been sufficient to lower the budget deficit — in fact, the deficit and Treasury borrowing are headed sharply higher, and virtually no one in Washington seems to care," Greg Valliere, chief global strategist at Horizon Investments, said in his daily note Thursday.

Indeed, the Congressional Budget Office projects the deficit to be just a shade under $1 trillion in 2019 and then pass that level in 2020 and eclipse $1.5 trillion by 2028. The cost to finance all that debt has continued to grow, hitting $458 billion in fiscal 2017 and already at $415 billion in 2018 with three months left in the fiscal year.

Revenue receipts, meanwhile, are lagging.

Tax and withholding payments from individuals and corporations have come in at $1.752 trillion in calendar 2018, about $17 billion below the same point in 2017, a difference of about 1 percent, according to DataTrek Research. That's also below the 0.2 percent gain in revenue the government had projected.


To anyone with a shred of economics knowledge (this leaves out Whell, of course), this was entirely predictable and predicted.
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  #596  
Old 08-03-2018, 10:58 AM
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USD is moving up due to the Fed borrowing and that will impact cost of US goods and trade. Of course these future disasters will not make headlines but one stupid tweeet from the Dotard will consume an entire news cycle. A recession looms in our horizon.
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  #597  
Old 08-03-2018, 01:14 PM
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USD is moving up due to the Fed borrowing and that will impact cost of US goods and trade. Of course these future disasters will not make headlines but one stupid tweeet from the Dotard will consume an entire news cycle. A recession looms in our horizon.
I predict stagflation, especially if war with Iran results in long-term closure of the Straights of Hormuz. Said straights will remain closed, of course, as long as there's anyone able to pop up on the Iranian coast with an anti-ship missile and the will to fire it at a tanker.
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  #598  
Old 08-08-2018, 07:35 AM
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  #599  
Old 08-08-2018, 07:36 AM
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  #600  
Old 08-08-2018, 10:18 AM
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Trump makes bizarre claim that tariffs will help pay down the massive U.S. debt

http://www.chicagotribune.com/busine...806-story.html

Trump tweeted Sunday morning that his tariffs are "working big time" and made a bizarre claim that the money raised from these new import taxes will go a long way to helping pay down America's large debt. (Short answer: That's not what will happen).
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