“I fully understand.”
—Donald Trump, putting self before party in refusing to change his mind after raising his hand in a 2016 Republican debate in which he indicated that he would not take the pledge to support the GOP nominee if it were someone other than him. (Four years later, Republicans voted to put party before country).
“You all just got a lot richer.”
—Donald Trump, on Dec. 22, 2017, to a group of his billionaire friends at Mar-a-Lago hours after signing his tax “reform” bill.
In 2004 Trump was right, the economy was better under Democrats. This is 2020 and things have changed. Economy is doing great under the Republican leadership. Just goes to show you things can and do change. A wise man will change his mind and a damn fool never will. Thank you Mr. Trump. I am one satisfied Democrat who will be supporting a Republican once again.
You know, right before the Stock Market crashed in 1929, there was a time referred to as the “Roaring 20’s”? You know, when Herbert Hoover, a Republican, was in office there were poor people living in handmade shacks in areas called “Hoovervilles” much like the tents under the Expressways in New Orleans and all over cities in California right now? It is called history and it has a tendency to repeat itself because humans like to think they’re somehow different than the “suckers” that came before them.
I have run out of words to describe the futility I feel about the blind leading the blind.
As economists (and Sir Isaac Newton) say, “What goes up must come down.” Our economy was doing great under the previous administration and we are now on a bubble that cannot continue to grow without popping unless history is no predictor.
Presidents get credit for booms during their tenures, but attempt to put the blame elsewhere in busts – the reality is that the President has much less to do with economic growth or failure than the credit/blame given. Will we be able to blame the Democrats if our economy begins its natural downward cycle? Everybody knows this is coming. Nobody knows when.
Final note: Is the key to economic health the indecency shown by this President daily and in his former business practices? Are corrupt business practices the key to financial success? If they are, does it make it okay simply because the economy is in a (temporary) up cycle?
To Ronald, you are pretty much correct. To Captain, you do realize the laws have totally changed on “margin” purchases of stocks since 1929 and that such a crash is not possible. Recessions are a natural cycle however, and Obama blamed Bush for 8 years. And CJG, I know huh ? Pelosi, Schiff, Nadler, Cortez, Iman etc. just cannot see the error of their ways. And Stephen, you remind me of Bill Maher who prays for a recession to hurt Trump even though it will harm many others. And he is not the only Democrat to feel that way. I think the key to the improvement has been primarily a reduction of regulation coupled with tax breaks for corporations, and changes in other nations tariffs against the U S companies. You guys realize that corporations really do not pay taxes but pass them on to consumers don’t you ? Reduction of costs simply makes one more competitive; basic capitalism.
Wow, Zoe! Everyone’s wrong but you. Now that’s consistency! Trump couldn’t have said it better.