The punchline of Trump’s meltdown over the markets and Fed:
- Every sane human knew we were in for a bumpy landing after the long recovery under Obama
- Trump did everything possible to make that worse
- That was a recipe for disaster
1/
- Every sane human knew we were in for a bumpy landing after the long recovery under Obama
- Trump did everything possible to make that worse
- That was a recipe for disaster
1/
- Trump is now blaming everyone else for his ignorant, moronic decision to steer the Trumptanic economy right into the iceberg
A competent president would have focused on things that fuel growth like:
1) Expansion of trade - rather than the opposite: trade wars
2/
A competent president would have focused on things that fuel growth like:
1) Expansion of trade - rather than the opposite: trade wars
2/
2) Pro-working class tax relief to fuel consumer spending
3) Expansion of “green” incentives to grow renewables and further reduce reliance on oil, gas and coal
4) Small business incentives to spur the true engine of the labor force
3/
3) Expansion of “green” incentives to grow renewables and further reduce reliance on oil, gas and coal
4) Small business incentives to spur the true engine of the labor force
3/
5) Reductions of loopholes and credits which shield large corporations from taxation and incent moving business abroad
6) Efforts at controlling health care costs since every consumer dollar spent toward HC isn’t spent elsewhere in the economy
4/
6) Efforts at controlling health care costs since every consumer dollar spent toward HC isn’t spent elsewhere in the economy
4/
7) Managing down runaway enthusiasm about the economy and growth since it leads to consumers spending their way into deeper debt which then produces a nasty backlash when the bills come due.
Every step of the way, Trump has done the diametric opposite of what he should have.
5/
Every step of the way, Trump has done the diametric opposite of what he should have.
5/
He steered the economy out of smooth waters toward calamity - and along the way, he robbed the ship of fuel to enrich the already rich.
Now, the battleship can’t be turned fast enough to help and he has no effing clue what he did wrong let alone how to fix it.
6/
Now, the battleship can’t be turned fast enough to help and he has no effing clue what he did wrong let alone how to fix it.
6/
Meanwhile, over on Main Street, USA, average Americans who bought his bullshit deficit-spent thinking they’d get a present on Tax Day.
A cooling economy. Consumer wages going sideways. Bills going up. No money in the treasury to help.
This is going to be a sh**-show.
7/
A cooling economy. Consumer wages going sideways. Bills going up. No money in the treasury to help.
This is going to be a sh**-show.
7/
Trump inherited an eight-year expansion. A healthy economy with some navigable challenges.
He burned the whole damn thing down by being an incompetent, narcissistic moron...
...and steered the entire economy straight toward full-blown recession.
This is going to be ugly.
8/8
He burned the whole damn thing down by being an incompetent, narcissistic moron...
...and steered the entire economy straight toward full-blown recession.
This is going to be ugly.
8/8
