Obama’s “mean tweet” read and magic wand comments are gold for any conservative who wants to gloat, and there’s no way to get around it. Obama shot himself and his party in the foot there
Trump’s comments about printing Monopoly money to pay down our debt are gold for any rational person who wants to expose the hypocrisy of Trumpism and the Republican Party that enables it.
The veteran Watergate journalist wrote in his new book - "Fear: Trump in the White House" - that Gary Cohn, the now-former top economic adviser, told Trump that the Federal Reserve was likely to increase rates during his first term in office, in an excerpt first reported by Business Insider.
"We should just go borrow a lot of money, hold it, and then sell it to make money," Trump reportedly said in response.
Cohn was "astounded" by the president's response, which he reportedly said illustrated a "lack of basic understanding" about how federal debt works.
Trump, who was the president-elect at the time and had promised to wipe out U.S. debt in eight years, reportedly offered a solution:
"Just run the presses - print money."
Woodward wrote that Cohn then went on to explain how printing more money is thought to lead to inflation and could be catastrophic for the fiscal health of the U.S.
"It was clear that Trump did not understand the way the US government debt cycle balance sheet worked," Woodward wrote.