Fu*%face Von Clownstick

The Dow Jones Industrial Average dropped 608.01 points at 24,583.42 and erased all of its gains for 2018. The S&P 500 dropped 3.1 percent to 2,656.10 and also turned negative for the year. The Nasdaq Composite fell 4.4 percent to 7,108.40— entering correction territory — as Facebook, Amazon, Netflix and Alphabet all traded lower.

America... great again... job creation down 24% and unemployment creeping up... fake news! Liberals are mailing bombs to... um... liberals! It's all fake news! Trump-a-Dump-a-Lump deficit skyrocketing! Liars! Tax cuts for billionaires not paying for themselves! Lies! Fake news! America is great again! Great, I tell you! It's Trumpalicious!
 
Yeah, I'm thinking I'll get a pipe bomb sent to me while I'm field dressing a deer, with a return address indicating that it came from PETA. It will be packed with wadded up NRA brochures, though.
 
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I liked the way Faux News blurred the stickers in their coverage... if the guy had Obama for Pres and I'm With Hillary stickers, they'd have closeups of that shit splattered all over the place for weeks.
 
Ooohh... deficit has now gone up over a trillion bucks, and still rising.

Can't you just feel the greatness? I'm sure that dropping some more tariffs on the country that is carrying a buttload of the loans keeping us afloat will create an atmosphere of goodwill, and add to the greatness.
 
Fair enough. But seriously... since when do dems/libs give 1/1000th of a shit about deficits? Or debt? Just kidding. It's since November of 2016.

Tax and spend, spend, spend. Were you as concerned about Obama's recklessness with deficits? Kinda doubt it. Federal deficit for FY 2015 was 438.9 billion. Total debt, counting money the government owes to itself, was nearly $18.9 trillion, up nearly 78 percent under Obama. Literally incomprehensible numbers.

I'm afraid we're past the point where these numbers mean anything anyway. One simply cannot get elected these days by behaving as an adult and telling hard truths about debt and spending. Uneducated sheep will always vote for the candidate who promises them more free stuff paid for by someone else. Trump is no exception.
 
Basic Econ 101

Deficits aren't good...usually...most of the time. They erode the buying power of any other economic gains

Economic formulas aren't simple mathe like 1+1/6=??? Many variables

Living on a maxed out credit card is fun...until the bank calls in their loan. Then...how do you pay it off? Sell the bank [China] something of value? Guam? The Aleutian Islands? How did the US get the Louisiana Purchase? Go read history and economic history too.

The 'prosperity' that's seen is an illusion. Based on credit cards
 
I think we agree on that Tom. Although international relations are not exactly analogous to banks and regular borrowers. I still believe China needs us more than we need them. They are still basically a 3rd world country with several 1st world cities. They don't have lots of leverage to call our debt due, except a downgrade of our credit in the eyes of the world, which is probably enough.

Anyway, as they say, if you owe the bank $100,000 you have a problem. If you owe the bank (China) $100,000,000- the BANK has a problem.
 
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