The problem with the economy is the god damned debt. Any fiscal stimulus out of the next administration will only provide a brief boost to the economy — thanks in large part to the drunken man spending of Obama, who has more than doubled the national debt under his reign of terror. Granted, he inherited a fucked up economy, but so did Bush.
That’s right, fucked faces. I was trading stocks back in 2000 and remember with great clarity that the bubble had already burst under Clinton. Many people revere Clinton as some sort of economic genius, when in fact he was merely lucky for presiding over the dot com bubble and detente with Russia, following the collapse of the Soviet Union. By the end of Clinton’s shenanigans in the White House, the economy was well on its way towards disaster. It was only after 9/11 did the United Steaks pull itself out of the mud — boosted by an egregious lift in defense spending.
So here we are again, at the end of a Presidential 8 year term, with an economy on the brink of collapse. All of the schemes of the central banks have failed to boost wages and productivity. As such, all of the mice from all of the various corners on Wall Street are calling for an increase in government spending, in order to boost output.
This is nonsense.
Board the ark.
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Krugman says moar debt & WW3…..
Keynes rising from dead moaning out….W… W… . 3….
Don’t forget that the Clinton administration also enjoyed the huge ramp in corporate borrowing/spending in the lead up to ensure that their mainframes didn’t melt and airplanes didn’t fall out of the sky due to Y2K. For a couple of the Clinton years, the private sector was leveraging up to the tune of like 7% of GDP.
Wasn’t our Federal Government designed to leave us alone?
crybaby: americas become whining spineless feeble whiner wimps
poorbaby: cant stand low or declining growth wahhhhhhhhhhh
Thanks for clarifying the Clinton presidency for all the people with an IQ below 115
I like the idea of a year of Jubilee. Every 50 years, all the debts get forgiven, wiped out, gone. Everyone gets to start over, fresh. Lest you think people would borrow profusely and default, that probably won’t happen like you think. Just do away with bankruptcy laws. It’s either debtors prison or you get sold into slavery if you don’t settle your debts. I like that. And who would be stupid enough to loan somebody money that came due on or after Jubilee?
http://www.biblestudy.org/godsrest/what-is-the-jubilee-year.html
trump will do massive fiscal stimulus, but only after the current leaders are thrown out first. drain the swamp then build a resorts and golf courses. its the american way. Icon will be the new soros.