Trump's Economic Plan

[Speaker to Animals]

It ain't Trump that brought us to inflation. That's the democrats.

Both parties are completely culpable in the massive spending increase. Quit pretending Team Red has never ever done anything wrong. Most recent R presidents have increased the debt more than the blue team. Point to me on the chart where red team doesn't increase as well.

Every president adds greatly to the debt. Obama being the worst, but under Clinton, not so bad.

Oh, I agree, but what happened in the last eight years was above and beyond. Look at that chart. If that chart is at all accurate, Obama added more to the debt than all the presidents in our history combined.

Trump obviously is going to continue it with the goal of buying the debt back at a discount. Whether or not that's a great idea is moot. We still have to discount the debt or default on it at some point.

Also, consider what democrats have done at state and local levels, such as their actions in Detroit and Chicago. We all have to bail that shit out from the national level at some point. I don't think all that stuff is going to show up on that chart you posted either.

I mean.. I know of a way to deal with it on the level, but people think it's crazy, and doing it will destroy the economies of the rest of the world.

[Smitty-48]

Huh?

"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN's Chris Cuomo on "New Day." "First of all, you never have to default because you print the money, I hate to tell you, OK?"

I need a Trumpologist to explain what he "really" meant... because you all have the Trump-speak decoder ring.

What Trump is saying is essentially correct, in that, American debt is in US dollars, so there is no threat of a default, moreover, there is no viable alternative to US treasuries, so there is no threat to King Dollar, furthermore, even if bond holders were to sell US debt, the US could buy it back at a discount, and with interest rates at effectively zero, there is plenty of leeway to contain inflation, also bearing in mind that some inflation is actually a good thing.

Bottom line, even at 100% debt to GDP, America can still afford to spend big, with a lot of room to manuever therein.

[Martin Hash]

Cheney was right about one thing, "deficits don't matter." I've been contemplating the nature of money ever since, and its imaginary nature fools everyone, unfortunately, even most economists. I hope Trump understands.

[kybkh]

The equity market has to stay inflated to fund pension plans, if that means the Fed buying equities that's what they will do.

For the $ to go in to hyper-inflation mode people have to A. lose confidence in the American financial system and B. have a better alternative available.

IN 2007-08 we were close to A but there still was no B.

Of course the better the B the lower the threshold for A.

If China enters in to a serious recession/depression and the IMF has to bail them out to save them and everyone else, (including American investors) a global currency will be created which everyone will have to commit to including the US.

If the US doesn't commit to it then you could see some serious competition with the dollar because every other nation in the world will be trading in IMF Bucks and we will be stuck asking people for an exchange rate. We'd become more like the Swiss are now re: the Euro.

[Smitty-48]

Cheney was right about one thing, "deficits don't matter." I've been contemplating the nature of money ever since, and its imaginary nature fools everyone, unfortunately, even most economists. I hope Trump understands.

Trump is in essence a fiscal liberal, Trump's plan is essentially Justin Trudeau's plan on steroids, simply leveraging American advantages which countries like Canada do not have, basically, Trump is saying; fuck austerity, we can spend our way out of the ditch, and inflate the debt over the long term, fiscal hawks be damned.

The Democrats should have done it when they had the chance, instead they blew their wad on Obamacare, too bad so sad, now Trump is stealing their thunder.

At the end of the day, in a fiscal sense, Obama went Herbert Hoover, so now Trump is filling the void by going FDR.

[kybkh]

Jack Ma: The US wasted $14 Trillion on wars over past 30 years, instead of investing in its people. #redpill

https://twitter.com/The_Real_Fly/status ... 6846259200

[Martin Hash]

Trump is in essence a fiscal liberal

Obviously, me too.

I predicted The Collapse when a Republican became president because Republicans simply do not understand economics, but Trump is a RINO, so even though I still think The Collapse will occur during his presidency, it won't be due to tightening fiscal policy.

[Smitty-48]

Trump is in essence a fiscal liberal

Obviously, me too.

I predicted The Collapse when a Republican became president because Republicans simply do not understand economics, but Trump is a RINO, so even though I still think The Collapse will occur during his presidency, it won't be due to tightening fiscal policy.

Trump the RINO, slaying the Tea Party, and battling the Fiscal Hawks all the way to the win, through the economically desperate Blue Wall; New Deal.

Obama had a chance to be the new FDR, instead he chose to be the new Herbert Hoover, this has opened the way for the RINO's to steal the Democrats thunder.

[Martin Hash]

Jack Ma: The US wasted $14 Trillion on wars over past 30 years, instead of investing in its people.

Where I differ from classical Keynesians is that I understand that fiscal spending MUST keep productivity > consumption. That could be future productivity, like investing in infrastructure, scientific research or training, or current productivity like maintaining a conducive business environment, but the math cannot be fooled. War is consumptive but the MIC is productive. That $14 was mostly productive, giving away Free Money is consumptive, but not maintaining infrastructure is criminal neglect.

[Smitty-48]

The hysterics here in Canada are of course declaring Trump to be the doom of Justin Trudeau, but Trump and Trudeau are actually speaking the same fiscal language, if Trudeau plays his cards right, Trump could be his greatest ally, Trudeau's problem is his own Enviromentalists, not Trump, if Trudeau cracks down on his own Envirobolsheviks and gets with the Trump plan, he'll be sitting pretty, if however, Trudeau continues down the road to imposing Energy Poverty on Canadians, then Trump will eat Canada's lunch, and Trudeau will then get jettisoned in favour of a Cana-Trump.

Trudeau's destiny is in his own hands, if he wants to prosper, he needs to do what Trump did, and take the ideological extremists on in his own party, in order to occupy the center, conversely, if Trudeau caves in to La-La-Lefty Loonie Land, then he's dead man walking.

Trump smashed the Blue Wall by whacking the Tea Party over the head, now Trudeau has to meet him half-way, by whacking David Suzuki & Co over the head.