skews13
Diamond Member
- Mar 18, 2017
- 10,022
- 12,958
- 2,415
History has clearly shown that Democrats are continuously left to clean up the economic mess of Republican administrations. And in the process, like President Obama in 2010, Democrats pay the price for the pain as they rebuild from the latest financial meltdown.
While Republicans will lie about supposed consequences of Democratic policies (death panels, throwing grandma over the cliff, long waiting lines and times for health care, socialism, etc.) to block them, Democrats tend to be more high-minded and truthful. What we are poor at is providing a proactive narrative.
On December 12, the New York Fed upped the ante. It announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a cumulative total of $2.93 trillion in short-term loans.
It is ironic that we do not have a problem using some tenets of modern monetary theory to ensure liquidity for those who continue to put our flawed economic system in dire straits, but we can never use it to inflate the economy to support infrastructure and so much more, even as one could consider them collateralized in some aspects. The print media has been covering this form of corporate socialism.
Democrats need to prepare Americans for a Trump-induced financial meltdown
While Republicans will lie about supposed consequences of Democratic policies (death panels, throwing grandma over the cliff, long waiting lines and times for health care, socialism, etc.) to block them, Democrats tend to be more high-minded and truthful. What we are poor at is providing a proactive narrative.
On December 12, the New York Fed upped the ante. It announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a cumulative total of $2.93 trillion in short-term loans.
It is ironic that we do not have a problem using some tenets of modern monetary theory to ensure liquidity for those who continue to put our flawed economic system in dire straits, but we can never use it to inflate the economy to support infrastructure and so much more, even as one could consider them collateralized in some aspects. The print media has been covering this form of corporate socialism.
Democrats need to prepare Americans for a Trump-induced financial meltdown