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Well, when the FED is buying back bad corporate debt while giving basically free taxypayer money to corporations to buy back their own stock at the expense of you Americans…
@Adam Taylor rubbish
@Adam Taylor what a load of rubbish you have no idea what your talking about
@Keith Johnson – Shelby GT500 You do realize that the stock market is not the same as the economy, right? I mean right now the US economy is utter garbage, but the stock market is doing great (mostly due to companies getting handouts from the government for no reason other than they can).
@Adam Taylor lol they can’t do anything because they are not in power and people keep voting for Repukes.
@Keith Johnson – Shelby GT500 – “Of the 50 richest families, 28 mainly donate to Republicans and only seven contribute mainly to Democrats. Not all families stay on the same side of the political spectrum — 15 support candidates from both parties.”
Trump and RepubliCONS are so far out of touch with the average American . Trump 100% FAILURE
@Rory Cannon – Gosh, what a Clever Comeback
@Keith Johnson – Shelby GT500 Gosh, what a Clever Comeback
*Biden Proposing Largest Tax Hike in History*
July 9, 2020 https://www.nationalreview.com/corner/biden-proposing-largest-tax-hike-in-history/
Since wrapping up the Democratic Party nomination in March, Biden has done the opposite of what you’d think and resisted any urge to tack back toward the center on economic matters. A CNBC reporter, Robert Frank, looked into Biden’s tax hikes and noted that they dwarf Hillary Clinton’s.
*He put the total tax cost of Clinton’s proposals at $1.5 trillion; Biden’s, at $4 trillion.*
(The details are here.) Biden’s “unity task force” of economic advisers and environmental activists was staffed not to appeal to the center but to placate supporters of Bernie Sanders by including two Sanders aides and Alexandria Ocasio-Cortez, and Biden is now talking about using the COVID-19 crisis as an opportunity to “rewrite the economy,” recalling Rahm Emanuel’s wish to “never let a crisis go to waste.”
@Keith Johnson – Shelby GT500 wow, its almost as if your talking points come word for word from the media.
@it’s negan I hate lazy people
Drunken Lying Larry Kudlow – one of Trump’s “best people.”
drunk like you.
I know right!!! Everytime I hear KUDLOW
speak..HE SOUNDS LIKE HE HAD AH’ FEW!!! MAYBE HE IS AH’ DRUNK!!!
Kudlow has a history of addiction.
He must have just come from JOHN BOEHNERS BAR AND SOAPBOX !!
Of course he’s lying. He has to. Trump is dragging the entire country down, and the ones defending him have no other choice but to spin this into a win. Meanwhile, my neighbors are openly weeping that they are not able to meet their mortgages for the last three months. By the end of August, there will be a lot of homes in foreclosure…AGAIN!
Reminiscent of Bush junior, but with bonus of thousands of pointless deaths.
Fred A thank you Republican policies
So your neighbors are not working or drawing the 600 per week plus unemployment benefits?
EVERYTIME A REPUBLICAN IN THE WH…WE HAD A HOUSE MARKET CRASH, FOR BOTH BUSH’S, REAGAN, AND NOW TRUMP..
@may wilson The housing market has not crashed. Better chech facts first.
The economy is booming – for the top 0.1%. For everyone else, it’s a full blown Depression.
@Richard Owens hey dummy. You started the thread. Were you talking to yourself?
@William Bailey Hey dummy, my post had nothing to do with your RV, your truck driving career, your Uhaul franchise, or any of the other idiotic things you’ve been bragging about.
@Richard Owens no and I gave you my opinion in my first reply to you. Then I picked up a conversation with 35 cents. You were no longer involved after that. But leave it to a dumb dem to spin it. I hear CNN is hiring. Look into it. Do you think because you started the thread that you own it? Might want to look into you tubes terms of service.
@William Bailey they’re sissies I knew it had to be that no worries
It’s always fun listening to someone’s lie when you already know the truth.
6% yield CD’s and a balanced budget under Clinton. I want that back.
@Jeff Gibson Stocks are risky. CD’s are not. Return is proportional to risk so the return can vary widely. It’s not a matter of intelligence; its a matter of risk aversion and luck.
Unlike any other country in the world, the US treasury cannot go bankrupt because the US Dollar is the world’s reserve currency. All world trade is done in US Dollars. However, that could change for the first time in 70 years because of Trump’s incompetence. Then the US Treasury certainly could go bankrupt like any other country. If you want to fully understand that take courses in economics, money and banking.
that is a dream with all the quantitative easing that is now common in the age of stocks going up and down with and lower interest rates for mortgages that republicans are using to bilk us out of tax money for rich republican thieves er i mean investors..
Vote Blue!! Another gop recession just like bush
@snoop alert Trump has already blown 10 times that amount with his bungling of the Coronavirus, and all America has to show for the money is 150,000+ dead citizens and an 11% unemployment rate. MAGA, is America great yet?
@oops I did take all those courses before April of 1970 when American education got dumbed-down for your generation.
I’m all for positivity, but when it is based on outright lies, that’s called delusional.
Winter is coming.
Well you are watching MSLSD soooooo.
@William Kahley I’m pretty sure the guy lying his A$$ off is an individual, speaking freely. Sooooooo
@William Kahley Soooo, what? Please, explain. (Now pay attention, kiddies, they don’t like in when you actually ask them to explain, because they don’t have explanations, not rational, reasoned, well thought out ones, at least; he”ll lob an insult at me, or not answer at all)
The rich is getting richer all the wail people are dying from the pandemic.
While the president bunkers down, have you seen the Wall he built around the Whitehouse?
During the coronavirus pandemic so far, billionaires’ fortunes grew by more than $700 billion.
Just like the military industrial complex
all the ‘while’
@kokoleka808 That’s because Mnuchin gave them a bunch of money, instead of giving it to the people who actually need it.
The Dow is a graph of Rich People’s feelings.
Billy Akin I read the best comment last week….” The Stock Market is a wallet for the rich”…. That explained a lot for me.
I would love to hurt their feelings if I could help the poor who are just the soccer ball in Trumps cynical game of getting re-elected
I’ve never heard a more accurate assessment. Of the the mkt. I’ve worked on the trading floor and I’ve seen it all .
Or anyone with a retirement savings.
Don’t be deceived America, Republicans in Congress have no interest in helping the suffering American families whose children are about to starve to death. They had since May 2020 to get this done but opted not to. Their agenda is to prop up Wall street and tax cut for their donors and main street be damned.
Hugh Williams yep any money handed out here to the struggling is really just to prevent a full blown riot
The right for shelter was secured in the Soviet constitution. Not having permanent residency was legally considered a crime. There were also virtually no empty and unused apartments in the cities: any flat where nobody was registered was immediately lent by the state at a symbolic price to others who needed better living conditions. If a person who had permanent registration could not pay for shelter, nobody had right to evict them, only to demand money through a court.
Immediately after the October 1917 Revolution a special program of “compression” (“уплотнение”) was enabled: people who had no shelter were settled in flats of those who had large (4, 5 or 6 room) flats with only one room left to previous owners. The flat was declared state property. This led to a large number of shared flats where several families lived simultaneously. Nevertheless, the problem of complete homelessness was mostly solved as anybody could apply for a room or a place in dormitory (the number of shared flats steadily decreased after large-scale residential building program was implemented starting in the 1960s).
After the breakup of the USSR and adopting capitalism, the problem of homelessness sharpened dramatically, partially because of the legal vacuum of the early 1990s with some laws contradicting each other and partially because of a high rate of frauds in the realty market.
Nevertheless, the state is still obliged to give permanent shelter for free to anybody who needs better living conditions or has no permanent registration, because the right to shelter is still included in the constitution. This may take many years, though. Nobody still has the right to strip a person of permanent residency without their will, even the owner of the apartment. This creates problems for banks because mortgage loans became increasingly popular. Banks are obliged to provide a new, cheaper flat for a person instead of the old one if the person fails to repay the loan, or wait until all people who live in the flat are dead.
@Nota Bene The Soviet Union was a communist state. The only country in the world that is still communist is North Korea, the poorest nation in the world, where people starve to death on a regular basis. Communism did not die because the Soviet Union broke up. The Soviet Union, with its third world communist economy, broke up because communism does not work. People were crammed into crapy little apartments, when they could get them, like rats and ate stale bread and cabbage three times per day. With communism, the government pretends to pay the people with worthless money and the people pretend to work. Do the homework. There is no such thing as a free lunch.
All countries are now capitalist for a reason. China went from poverty to wealth in 20 years because it allowed a capitalist sector to function alongside its communist sector. China’s communist sector is still a dismal failure.
What you want is referred to by economists as a socialist modification of capitalism as in Europe. Housing subsidies, for example, is socialism even in a capitalist economy. Socialism per se is not itself an economic system. You’re analyzing symptoms, not causes. To fully understand these things don’t just look to history; take some macroeconomics courses. Yes, I am a degreed economist.
@oops Which school did you graduate from?
What good is a “booming economy” if you and your loved ones are out of work, on a ventilator, or……..DEAD?
No, the stock market is booming, but that’s not the general economy: it’s just a reflection of the top 1% doing well, while the other 99% struggle.
used car, not new car, or car manufacturing…he’s shifting numbers, covering a single strength and assigning it to the industry.
8% corporate tax cuts and trillions in stimulus to support the market. Biden wins?! market will probably crash.
Elias Chelios heard of google?
@Elias Chelios It probably will…right now the only thing making it go up is trillions of dollars from the Fed being pumped in.
Trump’s.administration copies exactly his boss in one nature: illusion. Either they lie themselves or they are so illusionary that nothing is real in their eyes.
Stock market is doing good=rich are getting richer.
Unsaid: If people were paid a living wage, $600 would not keep people home from work.
Just like the rest of trump’s picks,they don’t know their derrières from a divot at mara lago!
JUST LIKE TRUMP WALKING INTO A PARTY AT MAR-A-LAGO, AND TELLING HIS DONORS…..I JUST MADE YOU A LOT OF MONEY….NOW GIVE ME SOME…
LOOKS LIKE TRUMP’S NOT THE ONLY ONE WHO CAN LIE LIKE A RUG!
Did he said there is a Housing Boom? Not for to 50 Million of People who are Out of their Jobs, So out of Touch.
Well they all lie to us,the economy is taking a really bad turn.The one thing that should be on anyone wise person’s list now is to invest!!
👆That is her WhatsApp number
This pandemic is really hitting on our economy pretty bad
I’ll pick bitcoin trading over stocks any day anytime
Stock market is a ponzi scheme