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Subject: "How long?" Previous topic | Next topic
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Grayfox2Thu Oct-26-17 10:07 AM
Member since Nov 07th 2012
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"How long?"


          

If the repugs pass their tax cut and from what I have been reading people that do all the spending will have less money so how long before the next recession? Also they are rolling back protections against financial theft.

  

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DavidLindThu Oct-26-17 11:53 AM
Member since May 15th 2002
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"2020."
In response to Reply #0


          

After they have shattered the economy again, they will leave it for a democrat to clean up. Again.

The really sad part is the complacent do nothings who sit on the sidelines and don't vote will get amnesia and think it was all the fault of those pointy headed liberals and all their pointy headed spending.

  

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MadSatyristSat Oct-28-17 07:13 AM
Member since May 14th 2002
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"RE: How long?"
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It won't be that long. I'm figuring trouble in the Trump paradise will start shortly after they either fail to pass a tax cut or pass a tax cut that blows up the middle class.

I'm inclined to the former, Trump has TRANSPARENTLY asked for a tax cut that falls 100% on the middle and lower economic classes to pay for a cut on the top 1%.

Most of your Republican congress critters are used to playing games that include plenty of made up numbers and lies from the White House, not nakedly stating "FUCK THE MIDDLE CLASS, THE RICH NEED MORE MONEY". Which is what Trump has done.

So the tax cut will probably fail to pass, IMHO. If it does pass, they're screwed, if it doesn't pass, they're screwed.

If it does pass, there won't be any Republicans going to Congress from high cost housing states for a while.

If it doesn't, then the stock market will drop like a brick, as govt gifts are a major factor in keeping it so high for so long.

If it does pass, then the stock market will drop more slowly, because they'll have cut 401K contributions, and those are a big thing to the market now. But it'll still drop.

And the market is a major thing in consumer confidence - which is weird because they'd appear to have nothing to do with each other, but that's how people are.

And when the consumer confidence drops, we're in trouble really quickly, because SO DAMN MUCH of the economy is just retail now. On top of that, you've got so many people retiring with smaller incomes now. No money for toys.

I think we're screwed either way. Obama was good at balancing acts, Trump doesn't care that there is a balancing act going on.

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Delusions, errors and lies are like huge, gaudy vessels, the rafters of which are rotten and worm-eaten, and those who embark in them are fated to be shipwrecked. Buddha

  

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