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Apparently Trump believes that gains to the stock market go towards the national debt
Posted on 10/12/17 at 2:05 pm
Posted on 10/12/17 at 2:05 pm
LINK
quote:
“The country—we took it over and owed over $20 trillion. As you know the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion, right? And yet, we picked up $5.2 trillion just in the stock market,” Trump told Sean Hannity. “So you could say, in one sense, we’re really increasing values. And maybe in a sense, we’re reducing debt. But we’re very honored by it,” he said. It was not clear whether Trump understood that the stock market and federal debt levels are not in any way connected.
26
Posted on 10/12/17 at 2:06 pm to CommoDawg
quote:
It was not clear whether Trump understood that the stock market and federal debt levels are not in any way connected.
quote:
told Sean Hannity
I think he just knows who the audience is
Posted on 10/12/17 at 2:06 pm to CommoDawg
It must really suck for your entire purpose in life to be to tear down, demonize and negate another human being.
Posted on 10/12/17 at 2:07 pm to R11
quote:
It must really suck for your entire purpose in life to be to tear down, demonize and negate another human being.
So you think Trump's life sucks?
Posted on 10/12/17 at 2:08 pm to CommoDawg
quote:
CommoDawg
Change your name to CNN. That's not what he said
Posted on 10/12/17 at 2:09 pm to CommoDawg
quote:
the stock market and federal debt levels are not in any way connected.
Except that if the stock market is good, reinvestment is good, thus creating more jobs, which results in more taxes paid in to pay down the debt.
Posted on 10/12/17 at 2:10 pm to Dayman
One could make an argument that improvements in our economy lessen the impact of our debt load.
Posted on 10/12/17 at 2:11 pm to CommoDawg
Are you stupid on purpose?
Posted on 10/12/17 at 2:11 pm to CommoDawg
The economy of the country has absolutely zero connection to the debt of that country
That is some interesting analysis there
That is some interesting analysis there
Posted on 10/12/17 at 2:11 pm to CommoDawg
quote:
So you could say, in one sense, we’re really increasing values. And maybe in a sense, we’re reducing debt.
Reading comprehension is not your strong suit huh
Posted on 10/12/17 at 2:12 pm to CommoDawg
quote:
So you could say, in one sense, we’re really increasing values.
quote:
And maybe in a sense, we’re reducing debt.
In the sense that national asset value increases at a faster rate than national debt it follows that rising asset values will lead to higher GDP which will reduce the GDP to debt ratio.
Posted on 10/12/17 at 2:12 pm to GumboPot
quote:
which will reduce the GDP to debt ratio
Ding!
Posted on 10/12/17 at 2:13 pm to CommoDawg
quote:
Commiedawg
That's not what he said. Trying to turn that into fact only makes you look stupid...but most commies aren't exactly bright when it comes to economies...so maybe the shoe fits.
Posted on 10/12/17 at 2:14 pm to R11
OP must not have a 401K
Posted on 10/12/17 at 2:16 pm to CommoDawg
In a roundabout way, it sorta does 
Posted on 10/12/17 at 2:22 pm to Clyde Tipton
quote:
the stock market and federal debt levels are not in any way connected.
Except that if the stock market is good, reinvestment is good, thus creating more jobs, which results in more taxes paid in to pay down the debt.
That's what the POTUS was alluding to. He reiterated once again that the companies that left the U.S. due high tax burdens would soon be coming home, along with their trillions of dollars to infuse into our economy.
FRICK THEM! Let them have their commie, socialist fun.
Posted on 10/12/17 at 2:24 pm to kingbob
Isn't Paul Krugman a big champion of this general notion with regard to the national debt?
Posted on 10/12/17 at 2:24 pm to CommoDawg
quote:
Apparently Trump believes that gains to the stock market go towards the national debt
You are an absolute lying moron.
Posted on 10/12/17 at 2:25 pm to CommoDawg
Somehow propping up Wall Street furthers his anti-establishment charade. At some point I would hope the Trumpophants would grow up and see the truth.
But Obamabots never did, so I hold out little hope.
Nothing ever changes.
But Obamabots never did, so I hold out little hope.
Nothing ever changes.
Posted on 10/12/17 at 2:25 pm to CommoDawg
I found a pic of commodawg irl
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