The Dumpsterfire Economy

[finnbow]

Originally Posted by whell

And this is bad why? Companies buy back shares in exchange for cash that goes back to investors, typically for more than the original purchase price of the stock. That creates wealth for the investor, which is then either reinvested or returned to the economy an other ways. This isn't a bad thing, and it fuels economic growth. So what's wrong with it?

Because it reveals the lie about the GOP's "middle-class tax cut," dimwit. BTW, the GOP tax plan's $1.5 trillion shortfall, coupled with the ongoing budget negotiations adding a further $500 billion to the debt, have resulted in the need for the Treasury to announce its plans to borrow $3 trillion in the next 3 years, thereby spiking interest rates and inflation (and contributing/causing the current stock market craziness).

You really ought to stick to talking about things you have at least a basic understanding of. Economics is obviously not one of them.