Maybe you imagined we were “flirting” with hyperinflation, but we never even came close.
Now where in Trump’s proposals have you seen ANYTHING that has the slightest prospect of lowering that risk?
His plan to lower taxes and decrease government revenues by trillions? His plan for over a trillion in stimulus (sorry, I guess it’s now called “infrastructure spending!”)? His pledges to massively increase spending on the military and veterans? Building a multi-billion dollar wall on the border (that anyone in their right mind knows Mexico will not pay for)?
These proposals will all require the government to print more money and would INCREASE the risk of inflation.
If you really have any kind of money in the market, you should be thanking your lucky stars for the Obama years (like I do) and hedging against the possibility of a Trump-induced recession, depression, trade war or military conflict(s).
Like Tom Hanks recently said, I hope Trump is successful and does whatever it takes to make me want to vote for him four years from now. I’m sure not foolish enough to count on it, though.
Hello TMT, okay show me where I'm wrong.
Corporations presumably took their business operations overseas for A. greater profit, B. lower labor costs, C. cheaper prices for the consumer. Some of the corporate and manufacturers moved due to stiff draconian tax laws the Obama Administration and the Democrats and Republicans could or would not fix.
Some inflation is necessary but there needs a balance. The inflation occurs when demand for services outpac or exceed the ability to provide goods. If corporations and manufacturers send the jobs abroad foreign workers reap the benefit of those wages while the finished product i.e. cars are sent back in the U.S. to sell to the American people who have less to spend.
There were several years when they flat lied and manufactured rosy economic data to fool the American public things were better than they were in reality. The number of unemployed Americans reached heights never before experienced since the great stock market crash. This data was concealed by importing facts that precluded not only all the unemployed Americans in the workforce but untold numbers who ran out their unemployment benefits and gave up searching for work.
So we were flirting with hyper inflation!
As we have noticed with the Obama Administration American jobs i.e. American product manufactured here in the states were moved abroad while American were directed to train foreign workers for the same jobs here and abroad so they can take them over. If I am mistaken, I apologize but it seems to me the Obama Administration and the Democrats went step further and made efforts to employ foreign to take public governmental jobs as well.
Rather than taking steps to encourage corporations and manufacturer's to stay in this country by improving tax penalties and laws that would help keep the jobs and save the lagging economy our tax dollars were spent by the truck loads to the tune of 1.4 billion dollars for Michelle’s personal junkets, Obama’s lavish hip-hop parties, entertaining Al Sharpton, playing golf; that included staffing, housing and entertainment.
Rather than take steps to keep jobs in America, they sent $4.5 billion for Community Organizing such ACORN under the guise of Department of Housing and Urban Development’s (HUD).
Then, the Budget Increases Department of Housing and Urban Development (HUD) Funding after It (Obama Administration) Helped Cause the Financial Crisis. The budget increases HUD’s discretionary funding by $6.4 billion in addition to the $13.6 billion it received from the stimulus bill.
Rather than take steps to keep jobs in America, they sent barrels of cash to Iran, 24.5 million dollars to circumcise males in Swaziland, $55 million to build a mere 816 houses in Haiti, $20 million to develop a Pakistani version of Sesame Street, $10 million to train Filipinos to work in Asian call centers that serve U.S. businesses, and it goes on and on.