Truly a great passage here.pic.twitter.com/OFCTVgJNdR
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Please STOP!!!! It's Saturday and you're giving me a headache!
So...at what point will we be put on a path toward the right track? Because I’m desperately trying to find the best safe haven for all the savings I’ve worked so hard to accumulate.
Orthodox economists will tell you to put your Trump tax cut in Mason jars because that cut and resulting debt will crush the economy
the ARRA was spent mostly on tax cuts, and salaries for police firemen and teachers. And unemployment insurance extensions, and an increased EITC. All good but only about $100/800 billion was spent on infrastructure. we probably needed another 500 bn.https://www.thebalance.com/arra-details-3306299 …
Obama didn't have any ideas about economics, let alone any clues. He was way in over his head. So, he hired the very guys who sank the boat to provide us with life preservers. No one else takes blame for that. That buck stopped at his desk.
Rubinomics also refuses 2 crack down on big banks in a crisis, which is precisely the only time there is political power 2 do it. Rove says the led 2 2/3s of Rs that voted 4 TARP getting fired, which happened 2 be 4 tea party that did scorched earth on Obama after 2010 midterms
I wonder what these people think now with record deficits, good economy, relatively low unemployment and interest rates are????
The economy is not well--it's distorted. Consumer spending (70% of GDP) was 1.2% y/y Q1. A GDP fueled by corp. inventory & receivables build--with a record dollar limiting exports--will only drag the overvalued equities back to reality.
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