Trump says he will keep criticizing Fed....................

Discussion in 'Political Opinions & Beliefs' started by Lee Atwater, Aug 20, 2018.

  1. Spooky

    Spooky Well-Known Member Past Donor

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    All of them, foreign, domestic, economically, he was just really bad.

    He was so bad in fact that when he won a second term everyone declared the honeymoon over and began to criticize him for his failings.

    The press especially, they gave him to reprieve and many believe that he didn't run for a third term simply because of how he was being torn up in the press.

    Think what the liberal media does to Trump times ten.

    I know that American culture tells us he was ten feet tall and shot lightning bolts out of his ass but he didn't. The only thing he actually failed at more than being president was being a general in the military.

    Once you cut through the historical perspective you will see that tactically the guy was horrible.

    He relied on luck far more than strategy.
     
  2. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

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    That would be report the truth...........causing him to call it fake.
     
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  3. garyd

    garyd Well-Known Member

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    We aren't seeing enough to matter yet inflation wise. And some inflation is necessary to allow the economy to grow. You see inflation start to move above 3% then you worry about putting on the brakes. And even then you have to bear in mind that full employment will start pushing private sector wages and that is long overdue.
     
  4. garyd

    garyd Well-Known Member

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    Get back to me when the Media ever acquires a sense of what the truth is. Just because it is what you wish to believe doesn't make it the truth.
     
  5. RodB

    RodB Well-Known Member Donor

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    No! Say it ain't so! What a downright dastardly deed!
     
  6. Yulee

    Yulee Well-Known Member

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    It’s not like people knew what a President was supposed to do. He can’t be judged
    by thhose that came after. It was a brand new job.
     
  7. Spooky

    Spooky Well-Known Member Past Donor

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    That's a cop out.

    Washington was an isolationist and one of the reasons he was getting tore up is because he refused to help France during their revolution after all the help they gave us.

    He said "its not our problem".

    Congress so tore him up for that as did the people of the nation. Now who knows if America could have changed what happened over there but we do know what did because we didn't try.

    "The Terror" with France almost completely rejecting God and punishing Christians in their effort to replace Christianity with science and technology, not to mention all the political opponents, declared enemies of the state, and anyone else they thought were threats, being brutally killed.

    This was probably one of the most embarrassing times for the US where we completely turned our back on not only an ally, but a nation that sacrificed much to fight by our side and indeed, made an America free from tyrannical rule possible.

    Everyone from congress to the people were pleading with Washington to do something and he simply ignored them and hid in the White House.

    He was busy creating the federal bank that would go on to destroy our banking system to this day.
     
    Last edited: Aug 21, 2018
  8. TomFitz

    TomFitz Well-Known Member

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    Nobody said the economy isn't humming along. It was humming along before the 2016 election, and the trend lines regarding unemployment and GDP growth are exactly the same as they were before Trump was President.

    What most intelligent people are worried about is the huge load of unnecessary debt that the Trump ADministration has elected to pile on the US economy.

    We've already seen where this act ends. We saw it with Reagan, and most dramatically with George W Bush.

    The supercharged economy with lots of borrow and spend always leads to collapse. At least it has every other time the GOP did it in the last 40 years.
     
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  9. TomFitz

    TomFitz Well-Known Member

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    Well no.

    If it ain't broke, don't fix it/.

    And don't fix it with a big tax cuts that goes into Wall Street's pocket by promising Main Street a few nickels and dimes, and not telling them that Main Street will wind up paying for it all, as all the money is borrowed.

    Of course, politically speaking though, this approach works. Ronald Reagan tried it (although I doubt that he was really trying to bamboozle Main Street with his plan). George W Bush did it again (and he was bamboozling).

    Now Trump is conning Main Street with his nickel/dime tax cut while the millions go into WAll Street's pockets.

    We've seen this before.

    But the talk radio right wing falls for this scam every time. You would think they would learn from history.

    Trade wars have never worked either. Nowhere in history has there ever been an example of economic isolationism working in the long run. It eventually leaves countries uncompetitive and lowers everyone's standard of living (by rewarding uncompetitive industries and forcing everyone to pay more).

    You can "roll the dice" on approaches that have always failed.

    But a lot of folks know better.
     
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  10. Spooky

    Spooky Well-Known Member Past Donor

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    Trump isn't the GOP though and I'm sure he has planned this out. Trump, more than anyone, knows the pitfalls of financial disaster I mean this is the area he has dealt with for decades.

    You could say that debt, and surviving it, and all things associated with it is his area of expertise.

    On top of that, and this is huge, Trump is a narcissist, he cares about what history is going to say about him, probably more then even being rich.

    Given all that I think he knows what he is doing and yes he is a gambler but when he hits, he hits big.

    I wouldn't count him out yet.

    And if you don't think he has rooms of analysts looking at the data you just mentioned, and figuring out a plan, I think you would be underestimating him.
     
  11. Spooky

    Spooky Well-Known Member Past Donor

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    See and this is why you should quit watching cable lefty news.

    Its not economic isolation, its adjusting trade rules to put them more in balance.

    We've been on the wrong side for a very long time and its going to take a war to fix it but it will balance out.

    We are not practicing isolationism, which isn't even possible anymore even if we wanted to.

    And you guys keep talking about the corporate tax cut but you fail to put up numbers.

    Tell us how much revenue we are actually losing here so we can put it in perspective.

    Do you even know or are you just regurgitating the talking points that Maddow gives you?
     
  12. TomFitz

    TomFitz Well-Known Member

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    Trump never plans anything out.

    Where do you get that obviously silly notion?

    Everything he does is slap dash and made up on the fly. No planning involved.

    Steve Mnuchin and his Goldman Sachs buddies wrote the Trump tax bill. They wrote it to generate big bonuses for them and their clients.

    They wrote it knowing that the consequences weren't going to really happen until AFTER they had cashed their checks and gone.

    And they knew Trump would sign anything they put in front of him.

    "And if you don't think he has rooms of analysts looking at the data you just mentioned, and figuring out a plan, I think you would be underestimating him."

    Nothing in Trump's history indicates that he listens to any mythical room full of analyists.

    I have noticed that you Trumpsters make this sort of thing up a lot, even though the obvious behavior of Trump completely contradicts the idea.

    On the other hand, that IS precisely what a real President would do.

    But your guy is a reality TV circus clown whose only criteria for anything is how it will play with the Fox audience in the current news cycle.

    As for knowing the pitfalls of financial disaster, he does know that. He has been through a number of them, all of them self inflicted. His approach in the past has always been to not pay his bills and cheat his partners.

    That won't work with the full faith and credit of the United States of America.
     
    Last edited: Aug 21, 2018
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  13. Quantum Nerd

    Quantum Nerd Well-Known Member

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    I'd agree that mild inflation is a good thing.

    It seems, however, that you had a different opinion back when Obama was president, worried about inflation and even claiming that deflation isn't a bad thing.

    http://www.politicalforum.com/index...s-to-chuck-asay.265485/page-3#post-1061702179

    http://www.politicalforum.com/index...g-create-wealth.257394/page-4#post-1061486879
     
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  14. Spooky

    Spooky Well-Known Member Past Donor

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    You have no idea if he makes plans or not.

    That's just silly.

    He's a TV host that became president and you don't think he plans stuff out?

    Hahahahaha
     
  15. AZ.

    AZ. Banned

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    WOW, that was a kick in the teeth!......lol......Just imagine the dirt we could dig up on the local fools here?...Hypocrisy at its finest and most blatant!
     
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  16. garyd

    garyd Well-Known Member

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    You have me confused with someone else. I didn't figure you could get much inflation with 2% economic growth no matter what you did. In fact I said the fed was the only branch that was doing what it ought to be doing.
     
  17. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Yep, in essence a lot of conservative posters were advocating for deflation back in the Obama days. Shows that they don't mind to put party over economic well-being of the country to hurt a Dem president, as long as it helps them to get power back.
     
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  18. Quantum Nerd

    Quantum Nerd Well-Known Member

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    "Deflation happens all the time it isn't necessarily a bad thing." You didn't say that?
     
  19. TomFitz

    TomFitz Well-Known Member

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    No, he doesn't plan anything other than his latest gimmick or show.

    He went into both his pageant with Kim Jung Un, and the one in Helsinki with no plan, no agenda, and would take no advice.

    Stop pretending otherwise with made up fantasies that try to paint this buffoon as competent.
     
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  20. TomFitz

    TomFitz Well-Known Member

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    I don't get my opinion on the disasterous long term consequences of Trump's borrow and spend bonanza from television.

    I lived through the hangover of the Reagan boom (which affected my industry particularly, since Reagan's tax laws created a tax law driven boom in commercial real estate the promptly collapsed), and the near depression that Bush bequeathed to Barack Obama.

    I have seen the conseuquences of reckless borrow and spend first hand, and I'm not looking forward to the fallout when this one unravels.

    I am a great fan of slow but steady wins the race when it comes to long term economic and fiscal policy.

    It worked brilliantly for Obama. He took a near depression and bequeathed Trump an economy that was running near peak.

    We all know where borrow and spend, and financial deregulation ends. You don't even need a long memory for that either (but then, Trumpsters do have a very very short attention span).

    The economy will be dumping into recession by the time Trump leaves, or shortly thereafter. That's my prediction.

    There is no plan. There never is with Trump. Unless you're talking about his latest plan to entertain his fan base, which seems to be his only policy priority.
     
    Last edited: Aug 21, 2018
  21. APACHERAT

    APACHERAT Well-Known Member Past Donor

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    Most former Presidents have criticized the Federal Reserve in the past.

    The Federal Reserve is independent from the federal government.

    The President of the United States is the federal government.

    (Wake up California and read the Sedition Act your obstructionism may be sedition)

    The Federal Reserve is never suppose to be politicized just like the IRS or the FBI or the CIA.

    The Feds were accused being politicized during the Obama administration.

    (Facts are every branch of the government was politicized by Barack Obama even the uniform military along with the IRS, FBI, CIA, NSA and the Federal Reserve.)

    The Feds Chairman Jerome Powell isn't going to allow the Federal Reserve to be politicized.

    Former Fed chairman's Janet Yellen and Ben Bernanke allowed themselves to be politicalized.
     
  22. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Bernanke was appointed by GWB. Next.
     
  23. ARDY

    ARDY Well-Known Member Past Donor

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    Which is why he wanted interest rates higher under obama and lower now that he is president.

    Btw, trump wanted to balance the budget and pay off the national debt when he was a candidate.... haven’t heard much about that now trump is president... shrug
     
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  24. ARDY

    ARDY Well-Known Member Past Donor

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    Right, and trump says the economy is bigly growing, so interest rates gotta rise. The fed is just doing its job
     
  25. ARDY

    ARDY Well-Known Member Past Donor

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    Auditing the fed will accomplish what?
    Abolishing the fed will accomplish what?
     

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