The Economy Is The Only Thing Keeping Trump In Office. A Crash Would End Him.

cawacko said:
That's just flat out false. Corporate tax reform & deregulation strongly contributed to the animal spirits being released in the economy his first year or two in office. The first two years of his administration were not the same as Obama's. And the trajectory when Obama left office was downward.

Trump has since decided to go with an economic plan of tariffs and trade wars to put his own brakes on the economy.
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You are absolutely wrong. Economists agree that Trump's tax cut for the wealthy and corporations did nothing to change the economy. It just cranked up the debt. Corporate profits have been at all-time highs from Obama's time. They did not need a cut or did they use it. Just more stock buybacks and more money for the execs.
The wealth gap is worse than the Gilded Age and Trump made it worse. What did giving 2 trillion to the top 1 percent accomplish for the country?
 
PoliTalker said:
Hello Phantasmal,

If you can afford it that is a personal decision. But you know conservatives have long said that a lot of what leads people to financial hardship is of their own making and that means making smart decisions.

People who drink in a bar really don't have much choice unless they are paying extra for some special beer. Even the less expensive brands cost a lot in a bar. And then add tips on top of that. A bar-going beer-drinking habit is VERY expensive compared to store-bought for the same brand. 2 beers at a bar every night could run $10 a night, $70 a week, ~$280 a month, $3640 a year.

For somebody who normally buys their beer in store big savings are possible as well. A Bud Light drinker who normally has 2 beers a night and buys 12 packs could be spending $55 a month, $660 a year on beer.

If that person were to shift to Natural Light in the 24 pack and pay $15 a case, that would be $1.25 a night, $8.75 a week, or $455 a year.

Look at the difference between the most expensive habit and the least. That's a lot of money. $3185 a year. And we have not changed the amount of beer consumed at all. Only which brand and how/where it is purchased.

$3000 a year is no big thing to somebody who makes plenty of money and lives well within their means.

But for somebody who carries lots of debt and barely survives paycheck to paycheck these are very significant differences. You could buy a used car for 3K that would last years with no payments. I may be a social liberal but I am very fiscally conservative. It strikes me as very foolish for somebody on a thin budget to be throwing money around foolishly when a few little changes in their habits can make all the difference in the world. Imagine if a person has a 3.6K per year beer habit, but they don't pay off their credit card balance every month. Or making car payments. That's just making bad choices. The rich oligarchs didn't do that to them. They did that to themselves.
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I had to double check to make sure it was you who posted this ;) ;)

But in all seriousness, that was a really good take on how people can (and do) cause their own financial hardships due to their own personal habits. You also make a good point about not even necessarily having to reduce or eliminate the enjoyment of certain things, but instead making changes relating to different brands/locations/etc... This general idea can be applied across a wide array of personal habits that people have. I see many people who get coffee on-the-go (Starbucks, etc.) instead of buying it from the store and making it themselves. In my case, I purchase quite a bit of beef jerky each month, and I am well aware that I could easily cut my beef jerky expense in (at least) half if I were to instead buy the ingredients at the store and make/dehydrate it myself. But, I instead choose to buy it for $17/pound as that saves me the time and effort that goes into making/dehydrating it. If I ever needed to cut back on expenses at some point, and still wanted to enjoy just as much jerky as I enjoy right now, I have that option.
 
Hello gfm7175,

gfm7175 said:
I had to double check to make sure it was you who posted this ;) ;)
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Thanks.

gfm7175 said:
But in all seriousness, that was a really good take on how people can (and do) cause their own financial hardships due to their own personal habits. You also make a good point about not even necessarily having to reduce or eliminate the enjoyment of certain things, but instead making changes relating to different brands/locations/etc... This general idea can be applied across a wide array of personal habits that people have. I see many people who get coffee on-the-go (Starbucks, etc.) instead of buying it from the store and making it themselves. In my case, I purchase quite a bit of beef jerky each month, and I am well aware that I could easily cut my beef jerky expense in (at least) half if I were to instead buy the ingredients at the store and make/dehydrate it myself. But, I instead choose to buy it for $17/pound as that saves me the time and effort that goes into making/dehydrating it. If I ever needed to cut back on expenses at some point, and still wanted to enjoy just as much jerky as I enjoy right now, I have that option.
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As in most situations there is frequently more to the story than the sound byte version. Everybody wastes money. Most budgets can find a way to save a little more. Luxury can mean having the luxury to make bad choices and not have lifestyle impacted.

It should be noted that the difference between poverty and middle class is not always wise financial decisions, but the impacts of irresponsibility. The middle class budget may find it difficult to save anything if spending roughly equals income. The irresponsible impoverished budget that is unable to make rent can face grave implications of becoming homeless.

Even the rich make foolish decisions and needless expenditures, but it doesn't usually leave them in debt.

Foolish budgeting for class; and the impacts:

Rich - net worth is diminished or doesn't grow as fast.

Middle - ends up paying too much interest and unable to save for retirement.

Poor - faces homelessness and food insecurity.

It's not to say that only the successful make good choices. I don't believe that is the case at all. Success merely allows one the latitude to make bad choices and still be OK.

Thrift is as much the knack of learning from mistakes as it is avoiding them.
 
Very true...with the GDP sinking there is a possibility there will be a recession next years. Trump is not below fixing the economic numbers....but he won't. Be is just not that smart...
 
Correction!

Knowing that he will face criminal charges for Obstruction of Justice, as he leaves office- is the reason why Trump is running for re-election now.

Let me just reiterate- The United States has a president that has to win re-election to escape prison! Let that ring-out loud and clear!
 
Pound sinks to a 28 month low.

That could drag our economy down, too

Better prepare yourselves.

A crash can happen so swiftly there won't be time to protect your assets once the slide begins.
 
A new round of tariffs in the trade war could trigger consumer price hikes and a lot of pissed off people.

There would be inflation.

The economy would tank.

And that would be the end of Trump.

He will have done it to himself.

Just like he did in the New Jersey Casinos. (bankrupted and shafted investors and contractors.)

And the Panama City Trump Tower (no more - got his name ripped off it for being a cheat.)
 
Is this IT?

The stock market is *SO* volatile that we have these periodic scares.

I hope you are all prepared for the worst.
 
Wow. The market is so volatile.

All the seeds are in place for a huge panic sell-off.

Looks like the bears are waking up from their long hibernation.

Get your profits while you still can!
 
PoliTalker said:

This Is Very Sad: I Am Actually Hoping For An Economic Collapse.

I wish for it every day.

I have all my investments out of the market.

I am so ready.

It sounds awful, but I am hoping and wishing for a recession.

The current good economy, which is benefiting so many people, helping so many people, is the only thing that is keeping Trump in office. If the economy crashed people would be jumping ship right and left, jumping off the Trump bandwagon. As much as I hate to say it, I think the pain of a recession would be preferable to continued bad leadership.

I know this would hurt a lot of people. I urge everyone to be prepared. Build up your nest egg. Protect it. Do it now. You have been warned.

In the long run, some temporary economic pain might be a good trade-off in return for getting rid of Trump.

There are some indicators that everything is not rosy in the economy.

What goes up must come down.

It's been going up for a long time, something of a record.

It can't go on forever. There have been some scares. Lots of people are ready to grab what they can and run. How can it keep going up? When the crash comes it will be deep. I'm guessing DOW at 15-17K might be a good place to get back in.

I've made good money but I am not greedy. I've got plenty.

I find myself hoping the inevitable crash (they always come) will come soon.

That may be the best way to get rid of Trump. Without a good economy his approval would be in the low 30's. There would be Republicans joining the Impeach voices. The dam would break.

Can you believe this debt deal?

Spending like crazy, the debt going to the moon faster than a Saturn 5 Rocket, where does that end?

Does Trump think it's free money? He must. He never had to work for much of what he's got. He doesn't respect money any more than he respects himself or others.

So I say: Bring on the recession. Let it come soon.

Get yourselves ready. Take all the profits you can right now while you have the chance. Pull out before it's too late. Wisdom talking here.

The crash is coming.
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Typical leftist hatred for America! You are a fucking communist sicko!
 
Robo said:
Typical leftist hatred for America! You are a fucking communist sicko!
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you better stock up on depends

depends-products-packaged-for-men_406257_1400x.jpg
 
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