Biden declared winner of the 2020 election and the Dow tops 30,000

[Indeependent]

shes worse than retarded,, shes a socialist from canada,,

You misspelled Psychotic Piece of Shit as socialist.

shes worse than retarded,, shes a socialist from canada,,

 

[Dragonlady]

Are you retarded?...
Trump's Small Business Tax Cut caused higher employment which resulted in more Tax Income for States and the Federal Government.

No I am most certainly not retarded, but you most certainly are. Let me prove it for you:

What were Trump's job creation numbers before the tax cuts?

2017 had the lowest job creation in 10 years - 2,055,000 jobs. Down from 2,240,000 in 2016 under Obama.

2018 - after the tax cuts took effect, was better, at 2,228,000 but still lower than Obama's 2016 number, and

2019 is back down to 2,012,000 jobs - lower than 2016 OR 2017. All of which fails to equal Obama's job creation numbers in 2016, while cutting spending and raising taxes.

Bureau of Labor Statistics Data

data.bls.gov

Which President Created the Most Jobs?

Bill Clinton created the most jobs during his time in office, though Franklin D. Roosevelt saw the highest percent increase. Learn who the top job creators are.

www.thebalance.com

 

[Dragonlady]

You misspelled Psychotic Piece of Shit as socialist.

I love how triggered you stupid clowns are when your ass is handed to you on a plate.

 

[Indeependent]

No I am most certainly not retarded, but you most certainly are. Let me prove it for you:

What were Trump's job creation numbers before the tax cuts?

2017 had the lowest job creation in 10 years - 2,055,000 jobs. Down from 2,240,000 in 2016 under Obama.

2018 - after the tax cuts took effect, was better, at 2,228,000 but still lower than Obama's 2016 number, and

2019 is back down to 2,012,000 jobs - lower than 2016 OR 2017. All of which fails to equal Obama's job creation numbers in 2016, while cutting spending and raising taxes.

Bureau of Labor Statistics Data

data.bls.gov

Which President Created the Most Jobs?

Bill Clinton created the most jobs during his time in office, though Franklin D. Roosevelt saw the highest percent increase. Learn who the top job creators are.

www.thebalance.com

I'll give you one chance to explain why so many jobs were created under O's 2nd term.

 

[Tom Paine 1949]

The Dow Jones is now over 36,000. The S&P and NASDAQ have increased even faster due to their tech-heavy stocks. Everyone in the stock market in 2021 made a killing, even the most passive investors in S&P index funds.

We should never forget that the Federal Reserve’s policies are not created by politicians but by bankers. It is not “Trump’s Fed” or “Biden’s Fed.”

QE “accommodation” and loose monetary policy originated with the Federal Reserve. Of course there are rare times when the Federal Reserve has no choice but sacrifice a Lehman Brothers or two to save the system. But even then it always acts to maintain the integrity of finance capital and all the graft that goes with it. The federal government and Congress is essentially helpless and does not make these decisions. In our society capitalism is in charge of the economy, not “the government.” The way the system is designed, it doesn’t really matter who is President.

 

[Indeependent]

The Dow Jones is now over 36,000. The S&P and NASDAQ have increased even faster due to their tech-heavy stocks. Everyone in the stock market in 2021 made a killing, even the most passive investors in S&P index funds.

We should never forget that the Federal Reserve’s policies are not created by politicians but by bankers. It is not “Trump’s Fed” or “Biden’s Fed.”

QE “accommodation” and loose monetary policy originated with the Federal Reserve. Of course there are rare times when the Federal Reserve has no choice but sacrifice a Lehman Brothers or two to save the system. But even then it always acts to maintain the integrity of finance capital and all the graft that goes with it. The federal government and Congress is essentially helpless and does not make these decisions. In our society capitalism is in charge of the economy, not “the government.” The way the system is designed, it doesn’t really matter who is President.

89% of Fed dollars go to the major MNCs who then put 11% of that cash into Start Ups and that's why the NASDAQ is up.
When the Interest Rate goes up the MNCs sell the Tech Stocks and the NASDAQ goes down.
The Fed has started tapering the cash flow; hopefully it will be done in a manner that won't cause a panic.

 

[Tom Paine 1949]

What “89% of Fed dollars” go to the major multinational corporations? Are you talking about government or Federal Reserve money? Via what procedure? Link please?

 

[Indeependent]

What “89% of Fed dollars” go to the major multinational corporations? Are you talking about government or Federal Reserve money? Via what procedure? Link please?

Federal Reserve Money...Check out the 1,000 videos on YouTube that explain how it works.
You're welcome.

 

[Tom Paine 1949]

Thanks, but I had in mind something more useful than “thousands of Videos on YouTube.” I’m not disagreeing per se — it is certainly true that the Fed helps its “preferred partners.” But multinational corporations, particularly those that are part of the “real economy,” are not all problematic or in need of bailouts.

We should not forget either that banks and even the Fed have legitimate and necessary roles to play. It’s all part of modern “American-style capitalism.”

 

[Indeependent]

Thanks, but I had in mind something more useful than “thousands of Videos on YouTube.” I’m not disagreeing per se — it is certainly true that the Fed helps it’s “preferred partners.” But multinational corporations, particularly those that are part of the “real economy,” are not all problematic or in need of bailouts.

We should not forget either that banks and even the Fed have legitimate and necessary roles to play. It’s all part of modern “American-style capitalism.”

MNCs will almost always be bailed out and for good reason...we need their goods and services.

 

[ElmerMudd]

You are correct as The Fed started this under Trump and continues to do so.
I frown on both administrations.
The sole difference is that Trump's Small Business Tax Cut caused higher employment which resulted in more Tax Income for States and the Federal Government.

You may now Click on the Smiley.

we can semi-agree

 

[Tom Paine 1949]

Actually failed public corporations often should go through the bankruptcy process, as it almost always cleans out incompetent & parasitic corporate leaders, restores confidence, and gives losses to investors & debt holders who deserve them. These days crucial production lines are most likely to be preserved, often sold off to competitors. Keeping bankrupt companies on the dole indefinitely, especially if they are financial firms, is often throwing good money after bad. “Moral hazard” and all that. What do they say? — Capitalism is “creative destruction.”

Of course that doesn’t always apply to shell companies and private investment funding arrangements in the real estate business, as Donald Trump demonstrated. He repeatedly used bankruptcy laws to his own advantage, escaping debt and leaving a trail of unpaid contractors behind him.

 

[Indeependent]

Actually failed public corporations often should go through the bankruptcy process, as it almost always cleans out incompetent & parasitic corporate leaders, restores confidence, and gives losses to investors & debt holders who deserve them. These days crucial production lines are most likely to be preserved, often sold off to competitors. Keeping bankrupt companies on the dole indefinitely, especially if they are financial firms, is often throwing good money after bad. “Moral hazard” and all that. What do they say? — Capitalism is “creative destruction.”

Of course that doesn’t always apply to shell companies and private investment funding arrangements in the real estate business, as Donald Trump demonstrated. He repeatedly used bankruptcy laws to his own advantage, escaping debt and leaving a trail of unpaid contractors behind him.

The contractors were paid; the contractors left their workers unpaid.
My son-in-law has been involved with some of these deals for almost 20 years.

 

[Tom Paine 1949]

Donald Trump had a terrible reputation in NYC and Atlantic City for not paying his contractors, as attested to by articles in the financial press, e.g. the Wall Street Journal, Forbes, and the Business Insider. The New Jersey newspapers covered this long before he ran for President.

 

[Indeependent]

Donald Trump had a terrible reputation in NYC and Atlantic City for not paying his contractors, as attested to by articles in the financial press, e.g. the Wall Street Journal, Forbes, and the Business Insider. The New Jersey newspapers covered this long before he ran for President.

Big Yawn...Rumors, rumors, rumors.
I know lots of people whose contractors didn't finish the job and got about 80% of what they were owed and not a penny more.

 

[Tom Paine 1949]

Wouldn’t want to disturb your dreams. Go back to sleep…

 

[ElmerMudd]

Wouldn’t want to disturb your dreams. Go back to sleep…

How true. The Trump minion cult members feel Trump can do no wrong. They are a crazy, clueless bunch. How can humans be such lemmings.

 

[DBA]

How true. The Trump minion cult members feel Trump can do no wrong. They are a crazy, clueless bunch. How can humans be such lemmings.

If you voted for the old demented fool Biden then you have no room to talk about lemmings.

 

[Nova78]

Biden declared winner of the 2020 election and the Dow tops 30,000.
Another Trump lie that if Biden wins, the Dow will tank.
Also, it shows how stupid and wrong, those who call Biden a socialist, are.
If a socialist became President of the US the Dow would tank.
Time to start flushing the lies and liars out. The sooner they are gone the better.

Check your stocks today and get back to me,ok

 

[Nova78]

How true. The Trump minion cult members feel Trump can do no wrong. They are a crazy, clueless bunch. How can humans be such lemmings.

And your candidate is? who is the lemming? This moron sleeps with his eyes open