Jump to content


Trump Impeachment # 2


Recommended Posts


5 minutes ago, knapplc said:

 

Exactly. What trumpets would have us believe is that it was terrible under President Obama, and magically good under trump. It wasn't. 

 

 

First off, I don’t believe a musical instrument thinks anything :facepalm:.  
Second, actual human people, at least the smart ones anyways, know the economy recovered under Obama as it always does, just should have happened faster with a competent person in charge 

  • Plus1 1
Link to comment
5 minutes ago, teachercd said:

Why would anyone be against low interest rates?  Everyone wins.

Because it promotes saving and is a less risky investment than the stock market. You will pay more interest on a mortgage, but your savings account is doing good too instead of the chump change we get these days.

Link to comment

Trump hates low interest rates

 

Quote

NEW YORK (Reuters) - Republican White House contender Donald Trump accused the U.S. Federal Reserve on Tuesday of keeping interest rates low at the bidding of Democratic President Barack Obama.

 

Trump LOVES low interest rates

 

Quote

 

President Donald Trump on Tuesday tweeted that the US should accept the "gift" of negative interest rates, joining other countries that already have them. 

"As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the 'GIFT'. Big numbers!" Trump tweeted.

 

 

He can't make up his mind.

Quote

(Bloomberg) -- Donald Trump the presidential candidate denounced the Federal Reserve’s promotion of low interest rates as feeding a risky economic bubble. Now in the White House, regularly celebrating the stock market’s advances, he’s had a change of heart. “I do like a low-interest-rate policy, I must be honest with you,” Trump told the Wall Street Journal in April, less than three months after

Read more at: https://www.bloombergquint.com/uselections/trump-hated-low-interest-rates-then-he-became-president
Copyright © BloombergQuint

 

Link to comment

1 minute ago, Archy1221 said:

First off, I don’t believe a musical instrument thinks anything :facepalm:.  
Second, actual human people, at least the smart ones anyways, know the economy recovered under Obama as it always does, just should have happened faster with a competent person in charge 

 

And yet, with trumpets' allegedly competent person in charge, the rate of growth was the same as under President Obama. 

 

So the myth that trump is some magical businessman should be going away in light of the data. 

  • Plus1 2
Link to comment
4 minutes ago, knapplc said:

 

And yet, with trumpets' allegedly competent person in charge, the rate of growth was the same as under President Obama. 

 

So the myth that trump is some magical businessman should be going away in light of the data. 

While I wasn't in favor of the tax cuts without any budget cuts, there maybe some merit to a discussion that they juiced the economy and sustained the Obama era growth longer than it would have without them.

Link to comment
6 minutes ago, knapplc said:

 

And yet, with trumpets' allegedly competent person in charge, the rate of growth was the same as under President Obama. 

 

So the myth that trump is some magical businessman should be going away in light of the data. 

Why do you keep talking about musical instruments?  

  • Plus1 1
Link to comment

11 minutes ago, teachercd said:

But you would think lower rates would mean more people taking out loans.

In the fall, I remember reading some investigative reports that found despite low interest rates it was actually harder for a lot of people to secure loans. Banks were often requiring more stringent financial checks, requiring higher down payments, and/or adjusting what they were willing to lend someone on the fly. So, in theory, it's a great time to be a borrower, but the lenders have some clenched rear-ends.

Link to comment
9 minutes ago, teachercd said:

But you would think lower rates would mean more people taking out loans.

 

 

 

5 minutes ago, ColoradoHusk said:

Potentially, but if I am a lender, I would prefer to get higher interest rates for using my $.

It's not exactly that simple, but ColoradoHusk is somewhat correct.  For instance, when the banks were asked to function as the lenders for the first PPP loans, they hated it because the interest rate was so low they weren't making anything off of it.

  • Fire 1
Link to comment
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...