Still selling your BS Bidenomics and Kamalanomics? It’s about the economy stupid. All of your spending along with your hostility towards the energy sector(please spare me another one of your bullshiits that you drilled for more oil than when Trump was president) have come home to roost. Your tribe will lose and lose badly this November. Once again, it’s the economy stupid and Dumb and Dumber has wrecked this one to the point of recession.
He's right, though our taxes are not as high as makes them it to be. Over 20 years since our last balanced budget has to come to an end. I used to vote Republican because of this, but then realized only a select few Republicans actually care about the deficit.
Yo-Yo. TOKYO (AP) — Japan’s benchmark Nikkei 225 share index soared as much as 10.7% early Tuesday, a day after it plunged a near record 12.4%.
That was a mashup of Harris and Biden speaking. All we needed was that hideous awkward laugh to complete that piece. Yeah they sell bonds ... is that what they do? Sell them to the cloud? See, the money they print used to be on paper, like in your filing cabinet. But now, they print them on bonds and sell them .... up there.
yip trump lost > 2 millions of job, Biden/Harris gain >14 million jobs trump increased the unemployment rate from 4.7 % to 6.3%, Biden/Harris has reduced it from 6.3% to the current 4.3%
Treasury and Fed roles can be confusing since they have crossed over their authority or worked in tandem during extraordinary circumstances. It's funny seeing MMT brain Kelton being the gotcha-giver in a Kamala Krash video, whatever tf that is, but that's twitter for you. We "borrow against the dollar" to keep a ledger. Since we're a global reserve currency. Other countries keep a ledger against us. If we borrowed out of thin air, then there's no reason for them to maintain half the responsibility or pegs against their own fiat currencies. During the Asian Financial Crisis in the 90s, countries like s. Korea and Thailand bought treasuries as a reserve and stabilizer for their currency. It was good for us because network effects and it allowed us to borrow more, This unravels when Blondie unleashes the kraken on unrestrained spending while still being unable to explain the inlfation and CoL increases post Lockdown. We export inflation and ****up other countries trying to regulate their currencies while they're already heavily under water (Britain, Germany, Japan) It really is like a blockchain, except the value is its use as american and global currency. Butcoin can't replace the dollar (it can't), so you have btc maxis wanting to rub off some of that legitimacy with an official peg. It's great for the speculators, but carries no real on the ground utilitty. Just see how Ecuadorians are using BTC...they aren't. Bukake probably in the red on his gamble from fhe last btc dips.
Meanwhile Trump wants tariffs across the board https://taxfoundation.org/blog/trump-income-tax-tariff-proposals/
2,8% percent crashes is nowhere near the biggest selloffs in history. This a blip. And guess what? The Market will go back up this week like nothing happened.
Yep The budget is only an "issue" for them when Democrats are in office. It's monopoly money to all of them.
It’s only gaslighting because the economy is largely independent of the president. The Trump economy had supply shocks even pre COVID. The Biden economy had inflation shock. The Harris economy will have issues too.
Also because of jobs coming back after Covid. Even @adoo knows that, but keeps bringing up this fake stat.
I like how the narrative was that Kamala Harris was doing nothing and has no policies and now it’s the “Kamala Crash”.
Yes and inflation was very low during the last year of Trump presidency because of COVID. And inflation rose sharply because of the global economy coming out of COVID and dealing with supply chain and other disruptions.
Trump had a net job loss of 2.8 million. Biden had had a gain of over 14 million. Trump had gained 6.8 million pre-COVID. For a CEO you really suck at math.
Yes historically percentage this isn’t the worse and no where close to the 1929 crash or even the 1987 crash. I don’t think it’s certain the markets will go back up rapidly. I think we’re going to see a lot of volatility this week.
