“Just run the presses—print money.”
—Donald Trump, to Gary Cohn, former director of the National Economic Council.
“This is the United States government. First of all, you never have to default (on debt) because you print the money.”
—Donald Trump, to CNN’s Chris Cuomo, May 2016.
Yes, no problem. When the inevitable hyperinflation occurs as a result of such a policy somebody else will be President and we can blame him/her.
This should leave no doubt that Trump is mentally and emotionally dysfunctional. Amazing that many Americans choose to have a mentally and emotionally dysfunctional president. Woe is us!
Well, that was pretty much Obama’s motto as he incurred record debt (more than EVERY President before him combined) and simply printed more money (perhaps he did not understand how it worked ?) But you guys did not seem to care. Let me know when Trump amasses the debt that Obama left us with. And btw, I am very unhappy that Trump has had deficit budgets to date. I am just pointing out a little hypocrisy.
Zoe….this is probably a useless waste of time – but, just for the record, Obama inherited the “W” Bush huge economic meltdown. If you will go back and check the records, much of the debt was incurred to pull America back from the brink of economic collapse. Remember when “W” begged Congress to approve the spending bill only 4 months before Obama took office….his plea was if this wasn’t approved, the world economy might go under. Throughout Obama’s terms, he was challenged to continue to find ways to stimulate or repair our economy, hence the debt increase. Now, let’s look at what Trump/Republicans in Congress have accomplished with their increases: more tax cuts for the obscenely wealthy and big business, more tax burden for middle Americans, more cuts for programs that benefit middle class and poor Americans and a skyrocketing national debt. I am not trying to point out hypocrisy….just willful ignorance. The information and analysis is there for anyone wanting to be educated about Trump’s “economic success!”
Well said Ms. Herring…and let’s not forget that “W” Bush inherited a surplus budget from Clinton, got us into wars that have cost us 6.1 trillion dollars so far, gave a huge tax cut to the wealthy, and left us, as you said, bankrupt at the end of his term while almost completely disrespected by the rest of the world. Yes, the stock market is doing well, but I remember too well the “irrational exuberance” preceding the crash of 2008 and the Great Recession when the market fell by 90%. Which President picked up the pieces and set us on the right course? Certainly not the current one, who has no clue what he is doing and has expanded the federal debt by 3 trillion dollars and says just go ahead and print more money. When this economy and the market goes downward will it be a “soft” landing or a “crash”? And do we really think this President has what it will take to lead us out of it? Oh, I forgot…just print more money.
You’re correct: useless waste of time