The policy and politics of Trumpism - Page 1360
  1. #17668
    BamaNation All-American
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    Re: The policy and politics of Trumpism

    I saw that President Bankrupt wants the Fed to lower rates to zero, or less. I just don't know how fundamental it can be to grasp that borrowing money has to cost. It cost the lender to accumulate the funds to lend. What an idiot !

  2. #17669
    Senior Administrator TIDE-HSV's Avatar
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    Re: The policy and politics of Trumpism

    Quote Originally Posted by bamacpa View Post
    I saw that President Bankrupt wants the Fed to lower rates to zero, or less. I just don't know how fundamental it can be to grasp that borrowing money has to cost. It cost the lender to accumulate the funds to lend. What an idiot !
    During the boom which started under Obama, the Fed has managed to work in just a bit of cushion to use in the instance of a recession. He wants them to fritter that away. Remember he is the self-styled "King of Debt"...
    "The cure for boredom is curiosity. There is no cure for curiosity. - Ellen Parr"

    'If today were the last day of my life, would I want to do what I am about to do today?' - Steve Jobs

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  3. #17670
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    Re: The policy and politics of Trumpism

    Quote Originally Posted by UAH View Post
    I have known Cramer for a number of years before his days on CNBC. He made his money front running IPO's during the Dot Com bubble. No genius in that! The rest of the bunch on CNBC are all bought into pitching the market which is the ultimate form of regulated theft on the planet. They all thought that Jack Welch was the greatest CEO of all time while he built the now practically defunct "Roll Up" that was GE. Ultimately it turned out to be an industrial company whose reported profits came from loaning money to high risk borrowers to buy mobile homes. We know how that story ended! Then along came Barack Obama and Elizabeth Warren as his Consumer Protection Czar. Now comes the rest of the story!
    jon stewart's interview with him a few years back was very good. below is a link to part 1 of 3

    link
    The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

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    Re: The policy and politics of Trumpism

    Quote Originally Posted by 92tide View Post
    jon stewart's interview with him a few years back was very good. below is a link to part 1 of 3

    link
    Stewart eviscerated Cramer. I'm shocked Cramer is still on TV after that.

  5. #17672
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    Re: The policy and politics of Trumpism

    Quote Originally Posted by Bamaro View Post
    Stewart eviscerated Cramer. I'm shocked Cramer is still on TV after that.
    they don't actually have to deliver on any of their bs. they just spew more bs.
    The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

    - George Orwell

    If they can get you asking the wrong questions, they don’t have to worry about the answers.

    — Thomas Pynchon

  6. #17673
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    Re: The policy and politics of Trumpism

    Quote Originally Posted by TIDE-HSV View Post
    During the boom which started under Obama, the Fed has managed to work in just a bit of cushion to use in the instance of a recession. He wants them to fritter that away. Remember he is the self-styled "King of Debt"...
    When I saw his tweet today I thought about how effectively the system is designed to move wealth from the hands of those who work for a paycheck that has tax and SS withheld to the max. Trump and Congress then go and give corporations and the 1% a huge deficit bomb tax break, then appeal to the Fed to go to negative rates, which is destructive to the purchasing power of consumers by driving down the value of the Dollar and their long term wealth creation through their IRA's invested in treasuries. All of this to fund the deficit they created. It would be expected that this would negatively impact a high majority of Trump voters who are obviously blind to his blatant disregard for the economic well being of the middle class.

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    Re: The policy and politics of Trumpism

    Quote Originally Posted by UAH View Post
    When I saw his tweet today I thought about how effectively the system is designed to move wealth from the hands of those who work for a paycheck that has tax and SS withheld to the max. Trump and Congress then go and give corporations and the 1% a huge deficit bomb tax break, then appeal to the Fed to go to negative rates, which is destructive to the purchasing power of consumers by driving down the value of the Dollar and their long term wealth creation through their IRA's invested in treasuries. All of this to fund the deficit they created. It would be expected that this would negatively impact a high majority of Trump voters who are obviously blind to his blatant disregard for the economic well being of the middle class.
    They've done a good job of getting the gullible to vote against their own interests. I'm alternately filled with pity and anger at the scam...
    "The cure for boredom is curiosity. There is no cure for curiosity. - Ellen Parr"

    'If today were the last day of my life, would I want to do what I am about to do today?' - Steve Jobs

    “I would rather live my life as if there is a god and die to find out there isn't, than live my life as if there isn't and die to find out there is.” Albert Camus

    "When Fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

  8. #17675
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    Re: The policy and politics of Trumpism

    i wish this type of thing surprised me, but it's become the norm


    Trump hailed an El Paso shooting survivor as a hero. But his story was fake, police say. - Wapo possible paywall


    At a White House ceremony on Monday honoring “heroes” of recent mass shootings, President Trump vividly described the actions of one El Paso man. Chris Grant was “picking out snacks for his kids” inside Walmart, Trump said, when he spotted the shooter and quickly took action.

    “Chris grabbed — listen to this — soda bottles and anything else in front of him,” Trump said, “and began hurling them at the gunman, distracting him from the other shoppers and causing the shooter to turn toward Chris and fire at Chris, whereby Chris suffered two very serious gunshot wounds.”

    Grant, 50, was wounded in the August shooting, which killed 22 — but the rest of his story doesn’t add up, El Paso police now say. Surveillance video of the massacre showed Grant in “an act of self-preservation, nothing more, nothing less,” police said in a statement on Wednesday...

    “Nobody bothered to check with us,” Carrillo told the Examiner. “They would have been informed, as I am telling you now, that our detectives reviewed hours of video and his actions did not match his account.”
    The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.

    - George Orwell

    If they can get you asking the wrong questions, they don’t have to worry about the answers.

    — Thomas Pynchon

  9. #17676
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    Re: The policy and politics of Trumpism

    Quote Originally Posted by UAH View Post
    When I saw his tweet today I thought about how effectively the system is designed to move wealth from the hands of those who work for a paycheck that has tax and SS withheld to the max. Trump and Congress then go and give corporations and the 1% a huge deficit bomb tax break, then appeal to the Fed to go to negative rates, which is destructive to the purchasing power of consumers by driving down the value of the Dollar and their long term wealth creation through their IRA's invested in treasuries. All of this to fund the deficit they created. It would be expected that this would negatively impact a high majority of Trump voters who are obviously blind to his blatant disregard for the economic well being of the middle class.
    The GOP didn't just randomly decide to be anti-education.
    This is the darkest timeline.

  10. #17677
    BamaNation Hall of Fame Bamaro's Avatar
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    Re: The policy and politics of Trumpism

    Additional tax cuts while already running a trillion dollar yearly deficit is utterly ludicrous.

  11. #17678
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    Re: The policy and politics of Trumpism

    Quote Originally Posted by Bamaro View Post
    Additional tax cuts while already running a trillion dollar yearly deficit is utterly ludicrous.
    Don't forget while jawboning his own Fed Chair appointment to lower interest rates to zero or before. And he supposedly graduated from the "Wharton School of Economics"...
    "The cure for boredom is curiosity. There is no cure for curiosity. - Ellen Parr"

    'If today were the last day of my life, would I want to do what I am about to do today?' - Steve Jobs

    “I would rather live my life as if there is a god and die to find out there isn't, than live my life as if there isn't and die to find out there is.” Albert Camus

    "When Fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

  12. #17679
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    Re: The policy and politics of Trumpism

    Quote Originally Posted by TIDE-HSV View Post
    Don't forget while jawboning his own Fed Chair appointment to lower interest rates to zero or before. And he supposedly graduated from the "Wharton School of Economics"...
    The stable genius who refused to share his college grades

    And for full disclosure, I didn’t graduate cum laude. I graduated thank you laude
    Last edited by TexasBama; September 12th, 2019 at 03:54 PM.

  13. #17680
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    Re: The policy and politics of Trumpism

    I’ve seen social media “friends” advocate for Trump children to succeed him. I find the level of ignorance in this country to be so depressing. My social media needs culling again.


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