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Poker - do you though? ….. look at things through eyes of economist ?
US economy is showing amazing indicators. Economists don’t tend to worry about affordable debt so they? Not unless they really mean politics. Plus most economists (without a right wing lunatic lean) would agree Trump wasn’t good on debt, future planning or anything else for that matter.
" US economy is showing amazing indicators. Economists don’t tend to worry about affordable debt do they? "
Aus
well . economists covers a broad spectrum I guess.... and whether any of them thinks the current debt spending is "affordable" at current rates of expansion , depends I guess on that spectrum .....and future projections ..
I think it is definitely true that no President can run that economy without a Budget deficit and borrowing ....and I guess I am not looking at who in particular is doing the spending
More a case of looking at the financials and figures as they stand .... whoever comes next is going to have to run with the baton given to them .. and I suspect whoever it is needs to get more round the table with China,Russia, Iran,Saudi etc ...than what is currently happening ...just my opinion on that
" US economy is showing amazing indicators"
yes and no.... depends how you drill down and look into them .... as a whole
As I suggest there is a lot of debt being added and a lot of Govt spending that is not creating a corresponding growth rate in relation to that level of debt and spending ..... and they are facing a similar problem of a growing number of retirees costing a lot of money in pensions and healthcare , without the corresponding birth rate needed , and looking to catch up with immigration , which may be costly to integrate
China,Russia,Iran, Saudi, probably looking to take advantage to extend the US spending and the debt and make inflation sticky too, stretching the US military and its spending , as they see now as an opportunity in time to wound the US in terms of financial pressures and achieve political advantages in terms of bargaining for power gains ...if the Chinese decide to dump Treasuries the yields would go UP,Up,UP ..and we are all in trouble !!!
Personally I don't see it all as quite as "amazing" as it may appear ....but each to their own ...these things depends on what angle anyone looks at them..sure
ATB
Poker - when talking debt sure it’s important to look at what is being bought. Currently new infrastructure, chip production, EV cars and batteries.
Trump increased debt by a lot & invested virtually nothing.
Debt for tax cuts is like debt for dividends, pure ideology.
If I throw in politics, Trump will sell out to Russia and China partly through greed & ego but mainly through ignorance.
Russia China and other want to see a world order change, Trump is just another useful idiot, along with farage and many others.
Love him or loathe him, Trump is good for business, lower tax & jobs, he gets the economy moving.
Aus
Yes Trump is an idiot , his first term was ALWAYS about himself......but his team will see him as useful in trying to get GOP election support ...he keeps electioneering simple for voters who can only understand things ..simple ... truth or fiction doesn't seem to matter
Then his team , I suspect, will hope to take the manifesto and run with it
"Russia China and other want to see a world order change,"
yes..and they see now as a time to keep pushing for it.... the US is very dependent on strangers offering to lend ....but..only at a price ...a price they would like to see get even more expensive , I suspect ...unless they get some leeway on political manoeuvring.....
yes..infrastructure is desperately needed .... almost too little,too late , to replace the old and falling apart as well as bring in new ...true ...
Trump suggesting he would decide interest rates ...is a frightening prospective ....
Maybe the idea in reality is to get the Election win, choose a strong Vice President with the aim of that individual taking the reigns before the next 4 years are out !!!!!
" Trump is good for business, lower tax & jobs"
yes..but a lot of that is to support personal consumption which to be honest the US economy is too dependent on ....
As AUS suggests investment in infrastructure is desperately needed
Trump tried but unless you give big,big tax breaks it is difficult to get the Private investment ..they prefer Mexico or India etc etc ..US labour costs are just too high
Actually the issue is that Trump is infinitely complex... like a shifting Rubik's Cube... completely and utterly impossible to predict - changing direction, speed, course and even shifting between infinite parallel universes with each passing moment.
That is the fundamental problem with him. He offers only chaos, trickery and deceit to both those he fools and those he rules over. Anyone who contemplates for a fleeting moment that Trump offers opportunity, is naïve much like a 5yr old promised candy by a delinquent & neglectful parent.
Poker - have you seen the Republican Party lately ?
Like everything Trump touches he has corrupted the GOP. It is rife with Russian propaganda. Misinformation and lunatics. 3rd in line for presidency (house speaker) believes dinosaurs were on the ark &!their bones are planted by governments to fool people. GOP has become putin useful idiots, book burning, abortion rights, etc etc are all pressure points to split the country into further division and chaos. The Supreme Court is showing again and again it can’t be trusted and will make choices based on political convenience outside of the law. Trump only wants his truth, 6th January prisoners are hostages, right is wrong and ignorance is bliss.
Doesn’t take a rocket scientist to understand a democracy needs rule of law, freedoms to choose, a free press to hold leaders to account and n electoral system to be trusted. In America most of this has already been poisoned. Free world is in trouble. Russia & China don’t have a grand plan, they just fund and amplify any division wearing the west & its principles. Brexit, le penn, ignorant policisns, reform party, immigration, pretend “elites” pretend “establishments “ lefty lawyers defunding courts and justice, “have and not haves” you can see it everywhere, there to u detained truth, decency, rule of law and finally democracy.
Savage you’re right, except Trump is just an ignorant fool a con man at heart, there is no mystery other than he has discovered rule of law & democracy doesn’t work for him
Aus
yes....the parties over there in the US do make difficult reading ..no wonder Kennedy is an Independent
..but the Conservative Bible belt voters dont give their support for nothing.....they put in Pence as VP remember
Blue state wokery and law and order chaos doesnt help either
Now College chaos added to it all
I can see though why Trump would love to be an Autocrat and admirers Putin for having achieved that ,...even Boris would have loved that Caesarian sense of Autocrat Authority
All good fun, if it wasnt go god damn serious
I have friends over there and they say they just go from points of Govt running out of cash and fearing the Govt will have to shut things down , to the theatrics of raising the Debt limit !!
Made me laugh there Aus. You talking about democracy hahahahahah.
Bertram ? I don’t know why. I thought I had Already explained the leave campaign was undemocratic. I’m pretty sure you would get it if I re-worded it for you. How about if a single “woke” party had three campaigns under different names, one promoting woke, one appealing to moderate woke people and a third appealing to mind bending ignorant voters ? All at the same time, one woke party getting everyone’s votes (vote leave, leave.eu & Beleave)
It’s not democratic is it?
Sorry folks, I`ve set him off again. Tehe.
Bertarm
Democracy is undemocratic ...everyone knows that ..has been for thousands of years ...
We have yet to even define democracy .... thousands of adjectives in use to define it...definitions leans towards certain interests
Yeah Pokerchips no system is perfect. I did laugh though, its a bit like Dick Turpin accusing somebody else of being a highwayman. Haho. I will move on, what's going on with court case?