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Message
Interesting economic theory from Yahoo financial writer
Posted on 11/8/19 at 12:58 pm
Posted on 11/8/19 at 12:58 pm
Rick Newman was interviewed this morning on America's First News Radio.
A report came out that suggested the election of a leftist Dem like Eliz Warren would cause the stock market to tank big time.
Newman explained that the fears are unwarranted for the following reasons:
a. Everyone predicted the stock market would tank when Trump was elected and it did not.
b. Warren's policies will not be implemented due to opposition from moderate Dems in Congress. Just as Trump's disastrous policies were stopped by Congress and that resulted in our current good economy.
Relax. What could possibly go wrong.
A report came out that suggested the election of a leftist Dem like Eliz Warren would cause the stock market to tank big time.
Newman explained that the fears are unwarranted for the following reasons:
a. Everyone predicted the stock market would tank when Trump was elected and it did not.
b. Warren's policies will not be implemented due to opposition from moderate Dems in Congress. Just as Trump's disastrous policies were stopped by Congress and that resulted in our current good economy.
Relax. What could possibly go wrong.
9
Posted on 11/8/19 at 1:00 pm to Zach
quote:
Just as Trump's disastrous policies were stopped by Congress and that resulted in our current good economy.
You mean the ones that are currently in place because Congress passed them??
What the frick is this moron talking about??
This post was edited on 11/8/19 at 1:01 pm
Posted on 11/8/19 at 1:01 pm to Zach
quote:
Just as Trump's disastrous policies were stopped by Congress and that resulted in our current good economy.
Did he cite examples of this? All I've seen Congress do since the election was muh Russia and suck on peace mints.
Posted on 11/8/19 at 1:03 pm to Zach
quote:
a. Everyone predicted the stock market would tank when Trump was elected and it did not.
This was entirely political though. Pocahontas' policies are just bad economics.
Posted on 11/8/19 at 1:05 pm to Zach
quote:
Warren's policies will not be implemented due to opposition from moderate Dems in Congress. Just as Trump's disastrous policies were stopped by Congress and that resulted in our current good economy.
By this logic gain anything the Dems didn't stop, such as the tax cuts and the deregulation, are good for the economy. Let's see his mental gymnastics around that.
Posted on 11/8/19 at 1:05 pm to Brosef Stalin
quote:
This was entirely political though. Pocahontas' policies are just bad economics.
Exactly. It was going to crash for Trump because OMB. It had nothing to do with his policies.
Posted on 11/8/19 at 1:08 pm to TheFonz
quote:
Did he cite examples of this?
He said Trump wanted to drastically cut trade with China and Mexico but the pressure from Wall Street and Congress made him give up the plan.
He seemed to miss the idea that Trump's style is to threaten and then negotiate to what he wants. He asserts that Trump cowers to pressure when his initiatives are horrible.
This post was edited on 11/8/19 at 1:09 pm
Posted on 11/8/19 at 2:04 pm to Zach
quote:
a. Everyone predicted the stock market would tank when Trump was elected and it did not.
That was media fear mongering ,and Trump actually knows what he is doing. I do not think that Warren would be able to get her agenda pushed through ,but you better believe if she is elected somehow our economy will come to a halt and businesses will definitely go into protection mode.
quote:
b. Warren's policies will not be implemented due to opposition from moderate Dems in Congress. Just as Trump's disastrous policies were stopped by Congress and that resulted in our current good economy.
I agree with him on the first part, even moderate Dems could not get behind her ridiculous government programs. Well he is delusional on the second part. This is Trump's economy and he deserves most of the credit for lowering taxes and deregulation while also doing arm twisting on trade policy.
Basically what he is saying is if she gets the nomination that we should put her in office because she would not be able to push her agenda through and she is not him. That is flawed and stupid logic to essentially vote for the worst viable Presidental Canidate to ever run. Yeah frick that guy.
Posted on 11/8/19 at 2:07 pm to Zach
quote:
A report came out that suggested the election of a leftist Dem like Eliz Warren would cause the stock market to tank big time.
Newman explained that the fears are unwarranted for the following reasons:
a. Everyone predicted the stock market would tank when Trump was elected and it did not.
b. Warren's policies will not be implemented due to opposition from moderate Dems in Congress
1. It will tank the market.
2. The "Trump will tank the market" was based on flawed economic reasoning and fear mongering.
3. The Warren will tank the market is based on things like universal nationalized health care and wealth taxes.
4. There is no such thing as a moderate Dem.
Posted on 11/8/19 at 2:12 pm to Zach
What I've read says that they would give it 5 years before fully implemented so that is enough time to replace her and all democrats.
Posted on 11/8/19 at 2:18 pm to Boatshoes
quote:
The Warren will tank the market is based on things like universal nationalized health care and wealth taxes.
He also mentioned that banning fracking would eliminate some companies and hurt the economy. But the Congress will not allow that.
Posted on 11/8/19 at 2:20 pm to Zach
Link, McFly, Link!!!
Posted on 11/8/19 at 2:21 pm to Zach
Newman sounds like he's suspended economic reality since November of 2016.
This post was edited on 11/8/19 at 2:30 pm
Posted on 11/8/19 at 2:25 pm to TerryDawg03
quote:
Link, McFly, Link!!!
I don't know how to link FM radio that I listened to in my car at 5 a.m.
Posted on 11/8/19 at 2:28 pm to Bass Tiger
quote:
Newman sounds like he's suspended economic reality since Novels of 2016
I've read some of his stuff on Yahoo and I've heard him interviewed about 20 times on Gordon Deal's radio show in the last year.
Since he works for a left wing media he can't be in favor of free markets and he can't ever support a Republican. But since he's in finance he can't come out for communism.
So, he's kind of the poor man's Paul Krugman.
Posted on 11/8/19 at 2:32 pm to Zach
I haven't listened to Newman talk for years. I've listened to Krugman and Friedman several times....not easy to do.
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