The economy is booming says capitalist death cultist Larry Kudlow. That's only true if you're only looking at the stock market, which is being propped up by the Fed. The stock market is really all these people care about. That's why Kudlow prescribes more tax cuts for the wealthy and more deregulation. The last tax cuts raised taxes on more than 53% of Americans. Meanwhile: 'A Homeless Pandemic' Looms As 30 Million Are At Risk Of Eviction : NPR 12 million have lost employer-sponsored health insurance during pandemic Almost 30 Million in U.S. Didn't Have Enough to Eat Last Week - Bloomberg
Extreme poverty rises and a generation sees future slip away - AP News Trump's 'middle-class miracle' favors wealthy - AP
Well everything that happened under Obama's watch was his fault so suffice to say everything under trump's watch is his fault.
Delusional ? Last time I checked NYSE and NASDAQ are at peaking. This means not only economy is good now, but the investors believe tomorrow will be even better. The investors are not a single entity like your leftist echo chamber, but all the people of the world. They believe in America's future.
I did say that the stock market is being propped up by the Federal Reserve. You also ignored everything else I posted. Federal Reserve's $3 trillion virus rescue inflates market bubbles - Reuters
So the lock down has benefited the economy? Fourth quarter GDP rate (before the virus) was 2.1% and falling throughout 2019. Please explain how that was a positive outlook on the economy given the huge increase in national debt to achieve that GDP rate that apparently was terrible during Obama's time?
You give Trump too much credit. The government is not responsible for economic growth; it is a matter of how much they hinder growth. Trump has been less of a hindrance than Obama.
Is that why it grew better than under trump. Trp just continued it by propping the economy. Honestly the economy isnt great until we first gave a way way stronger dollar not these low fed rates that both presidents enjoyed. Surplus surplus neither have even come close to balancing the budget even tho that was one of his biggest bungled 2016 campaign promise... Fact is you shouldn't be cutting the fed rate when you have a great self sustaining economy. Trump probably knows this he might have been warned which is why he forced the fed rate down. The fact is even before the virus the economy was smoke and mirrors it was going to crash in the next year . Here in the great lakes area we were losing manufacturing. The stock market is NOT the economy it's where we put our petence retirement and where the rich keep getting richer....
I must be completely isolated from the economy. The more money I spend in the economy the more money appears in my wallet. Funding from unexpected sources. It's like magic!
I believe that the Creator of the universe / multiverse is at work behind the scenes and I suspect that a prediction made in 1973 is about to come to pass. Could a real estate boom plus better Fed policy pay off USA national debt? Twenty years ago I don't think that much more than one percent of Americans knew about how President Abraham Lincoln saved American taxpayers four billion dollars in interest payments but now I suspect that the percentage of Americans who know about that historical fact could be approaching five percent or even more. https://www.michaeljournal.org/articles/politics/item/abraham-lincoln-and-john-f-kennedy The USA economy is set up for something that could astonish the whole world and I am of the belief that China has terribly over played the hand that they had been dealt. It sure would be nice if the political right could catch onto what this could potentially lead to though. Would a Basic Minimum Income dramatically reduce abortions? The sheer numbers up here in Canada are so much smaller that it may be easier to understand the bigger picture up here than it will be in America. But I would love it if America does take the lead on this and my nation merely has to follow suit. Here is something that we want to avoid. https://www.michaeljournal.org/arti...story-of-banking-control-in-the-united-states
