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Stock Market Crash

That's not an opinion. Part of the problem is Trump's lack of leadership. At least that's what experts say on CNBC, CNN and other places.
 
PhDeac said:
I wonder about that. Sure he has a rube base who may not know these things, but many Trump followers made a ton of money off the stock market through the Obama era gains. Do they just not realize that or do they pretend it didn't happen? I don't know.
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Trump supporters literally think the economy sucked under Obama and is awesome under Trump. I assume there's some conflation happening here - as most seem to associate the 2008 recession with Obama which isn't right.

That said, I think an honest assessment of economic performance doesn't give much blame or credit to whoever is President at the time, whether it's Clinton, Bush, Obama, or Trump - I don't know that Bush was any worse than Clinton as far as it relates to regulations that helped drive the subprime mess. And Obama I am sure would have kept the same bubble growing if he had the option.
 
1.5 trillion dollars at the snap of a finger for the investor class, but we can't give poor people a nickel.

For such winners these Wall Street cunts sure do need a lot of government assistance.
 
BillBrasky said:
1.5 trillion dollars at the snap of a finger for the investor class, but we can't give poor people a nickel.

For such winners these Wall Street cunts sure do need a lot of government assistance.
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Corporate socialism at its finest. It's only when LibDems and democratic socialists like Bernie and AOC want to give government aid to the unworthy poors that Republicans cry foul and get upset. But massive giveaways and assistance programs for corporations and big business? They're all for it.
 
So the stated purpose of the $1.5T was so the banks could give out more loans.

If the $1.5T went to student loan forgiveness, the banks would get the money and they could use it to give out more loans.

What am I missing here?
 
RJKarl said:
That's not an opinion. Part of the problem is Trump's lack of leadership. At least that's what experts say on CNBC, CNN and other places.
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To be fair to Creamy, even when multiple people hold the same opinion, it’s still an opinion. I think it’s a pretty good opinion though.
 
PhDeac said:
So the stated purpose of the $1.5T was so the banks could give out more loans.

If the $1.5T went to student loan forgiveness, the banks would get the money and they could use it to give out more loans.

What am I missing here?
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Qualitative easing is just growing the fed's balance sheet and doesn't increase the federal debt. it is just providing liquidity to the market. It will be unwound at some point, and when it is unwound, it won't decrease the federal debt either.

Forgiving student loans via direct payments to banks increases the federal debt.

Here is a decent explanation.

What does it do to the debt? That’s a tricky question because it depends on your definition of “debt.” Very often, the national debt is defined this way:
The “national debt” = the stock of outstanding US Treasury Securities held by the non-government sector.
And so in that case, QE reduces the national debt, because there are fewer Treasuries held by the non-government sector. A Treasury bond is an IOU of the Treasury, and if the Fed holds an IOU of the Treasury, there are not actually any outstanding government IOUs. It’s sort of like if the sales department at Macy’s owes money to the marketing department at Macy’s; just internal accounting. Or, it might be like if your right pocket owed money to your left pocket; that doesn’t put you into debt.
On the other hand, if you define “debt” as outstanding IOUs of the government, then it actually neither shrinks nor increases the debt. This is because Treasuries are an IOU of the government, but so are reserves. So QE just swaps one government IOU (bonds) for another (reserves). It changes the form of the debt but not the quantity.
This latter way of looking probably helps explain why it QE has not really been inflationary anywhere it’s been tried (despite many predictions to the contrary).
 
CreamyGoodness said:
Well shucks, they’re the experts.
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Do you think Trump has done a competent job managing this situation?

A couple of weeks ago he said it was just the flu and a media hoax.
 
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Isn’t QE yet another driver of income inequality? Just benefiting those who own property or are invested in the market?
 
The feds action was short term loans to big banks. Those loans will be repaid with interest. The US taxpayer did not just give away 1.5 trillion. If you want to argue that the fed should loan struggling students 1.5 trillion to be repaid in a few days, go ahead. But conflating the Fed action with student loan forgiveness is just ignorant.
 
TownieDeac said:
Isn’t QE yet another driver of income inequality? Just benefiting those who own property or are invested in the market?
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The biggest problem with our top down economic policies.


Deacon923 said:
The feds action was short term loans to big banks. Those loans will be repaid with interest. The US taxpayer did not just give away 1.5 trillion. If you want to argue that the fed should loan struggling students 1.5 trillion to be repaid in a few days, go ahead. But conflating the Fed action with student loan forgiveness is just ignorant.
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Fair explanation. QE still sucks though. Adding to the debt doesn’t really matter than much given the economic benefit of bringing more people back into different sectors of the economy.
 
Highland Deac said:
That's true, but my guess is he brags about it because he knows that many of his fans don't know that. Bragging about the soaring stock market was another way to promote himself as Superman to his base. It looks like that bragging may end for awhile.
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His base thinks he’s a business and economics genius.



The damned fools.
 
Highland Deac said:
Corporate socialism at its finest. It's only when LibDems and democratic socialists like Bernie and AOC want to give government aid to the unworthy poors that Republicans cry foul and get upset. But massive giveaways and assistance programs for corporations and big business? They're all for it.
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Trickledown, trickledown, TRICKLEDOWN!
 
Colonel Angus said:
It was a joke from one of my favorite TV shows, Denise. Lighten up.

And as I've stated many times before... I did not vote for Trump in 2016 and will not vote for him in 2020.

But only in the Tunnels lefty echo chamber does this = a Trump supporter or Trumpshill.
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Lighten up? You used a womans name as an insult. Wonder what that says about you.
 
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