Dow Tanks on Poor Treasury Auction

[22lcidw]

BULLSHIT. This is DIRECTLY on the Republican Administrations of Ronald Reagan, George W. Bush and Donald J. Trump - ALL of whom cut taxes to billionaires on the national credit card and then went on military/defense spending sprees that have bankrupted the nation.

All three of these Presidents crashed the US economy, again to the benefit of their billionaire donors, to the extent that 80% of the wealth of the nation is now in the hands of the top 10% of the wealthiest Americans.

This is NOT economically sustainable, but you keep voting for Republicans to crash the economy. Trump is doing it again.

Governments to stay in power with Fiat Currencies, abuse them. Supposedly during good times, no deficits at all. The currency can shorten recessions with priming. Wars that are costly actually need fiat currencies for resources. We kept some level of control until President Johnson's Great society, Viet Nam War, and Moon Program plus other expenditures. In a matter of a half-decade or so, we were getting of the last string to gold that was agreed to with Bretton Woods in 1944 as we became Top Dog. So, nations used our currency as the go between, or it was a safe investment in the dollar. However, they had the option to take their investments in gold. And we did not have it. Charles DE Gaulle of France set it off from that request. So, Nixon had to take us off of that as our deficits started to grow. We ended up tying in our dollar with oil. Saudi oil. All of the social programs took a meteoric rise. Politicians told us one thing on the growth of them, and we ended up with another. Look at the arguments on anything that is a social program and cuts today. One day there will be forced cuts. And it will be painful.

 

[Dragonlady]

Biden and Obama are responsible for most of the debt we have on the books.

Try again DragLady.

Biden and Obama were saddled with the deficits that W and Trump created. You can't cut spending or raise taxes when your nation is in economic freefall.

You're supposed to cut taxes in boom times, and lower them during recessions, but Republicans do the opposite. The economy hasn't fully recovered from the last crash (both Obama and Clinton had 8 years to clean up the messes they were left with), and it was easy for Trump to derail the recovery, and send the economy spiraling again.

 

[Dragonlady]

Governments to stay in power with Fiat Currencies, abuse them. Supposedly during good times, no deficits at all. The currency can shorten recessions with priming. Wars that are costly actually need fiat currencies for resources. We kept some level of control until President Johnson's Great society, Viet Nam War, and Moon Program plus other expenditures. In a matter of a half-decade or so, we were getting of the last string to gold that was agreed to with Bretton Woods in 1944 as we became Top Dog. So, nations used our currency as the go between, or it was a safe investment in the dollar. However, they had the option to take their investments in gold. And we did not have it. Charles DE Gaulle of France set it off from that request. So, Nixon had to take us off of that as our deficits started to grow. We ended up tying in our dollar with oil. Saudi oil. All of the social programs took a meteoric rise. Politicians told us one thing on the growth of them, and we ended up with another. Look at the arguments on anything that is a social program and cuts today. One day there will be forced cuts. And it will be painful.

Someday you're going to have to pay your workers a living wage and stop giving 80% of the wealth of the nation to the top 10%. The alternative is that you become Argentina.

 

[HikerGuy83]

Biden and Obama were saddled with the deficits that W and Trump created. You can't cut spending or raise taxes when your nation is in economic freefall.

You're supposed to cut taxes in boom times, and lower them during recessions, but Republicans do the opposite. The economy hasn't fully recovered from the last crash (both Obama and Clinton had 8 years to clean up the messes they were left with), and it was easy for Trump to derail the recovery, and send the economy spiraling again.

I hope you don't get paid to spread this bull.

The democratic congess helped that moron Bush do all the wrong things.

And Obama presided over ONE OF THE SLOWEST recoveries ever. He also ran up the deficit with his shovel ready horsecrap.

Cut taxes in boom times....I think you screwed that up. But that's what you do.

We were not in a free fall. Obama was not trusted and companies were not interested in his social engineering.

I worked for a large multi-national that steered capital offshore when Obama was elected.

NOBODY has done squat about the debt. NOBODY. Biden ran up huge deficits (but Bidenomics was working). He caused huge inflation with his Celery Stalk thinking.

 

[HikerGuy83]

Someday you're going to have to pay your workers a living wage and stop giving 80% of the wealth of the nation to the top 10%. The alternative is that you become Argentina.

And someday you can worry about that doormat you call a country.

 

[HikerGuy83]

A weak auction for 20-year bonds exacerbated worries about rising deficits in Washington and drove sharp declines for stocks and bonds, sending the Dow Jones Industrial Average down more than 800 points and the 30-year Treasury bond yield to the highest level since 2023.

 

[Papageorgio]

I hope you don't get paid to spread this bull.

The democratic congess helped that moron Bush do all the wrong things.

And Obama presided over ONE OF THE SLOWEST recoveries ever. He also ran up the deficit with his shovel ready horsecrap.

Cut taxes in boom times....I think you screwed that up. But that's what you do.

We were not in a free fall. Obama was not trusted and companies were not interested in his social engineering.

I worked for a large multi-national that steered capital offshore when Obama was elected.

NOBODY has done squat about the debt. NOBODY. Biden ran up huge deficits (but Bidenomics was working). He caused huge inflation with his Celery Stalk thinking.

Last President to reduce debt was Coolidge, since then, government has made it their goal to take the easy way out and run up debt.

 

[scruffy]

Why invest so much in a stock market that is volatile?

The Chinese are dumping our notes, and they're not buying any more.

We're printing money too fast for Europe and Japan to absorb it all.

 

[HikerGuy83]

Last President to reduce debt was Coolidge, since then, government has made it their goal to take the easy way out and run up debt.

Clinton had a surplus (how the debt wasn't reduced I don't know).

Bush was projected to have a good one and HE BLEW IT. The CBO said he could have gotten us close to NO DEBT.

Instead he lit the fuse, helped with the housing crash and generally screwed us over.

 

[mudwhistle]

Then Trump’s win definitely wasn’t a landslide.

When you win every state with I.D. laws as well as every swing state.....it's a landslide.

 

[mudwhistle]

The Chinese are dumping our notes, and they're not buying any more.

We're printing money too fast for Europe and Japan to absorb it all.

 

[BluesLegend]

It's only going to get worse.

As the debt continues on it's rocketship like ascent, people will get nervous and the value of these securities will be lowered.

Our debt thanks to Bush, Obama, Trump, Biden is going to kill us.

I am particularly thinking Bush was a total braindead moron.

Google Search

U.S. stocks again show signs of concern about rising Treasury yields after a lackluster auction of 20-year bonds.​

I have said it for years, one day when we can no longer sell our debt and we have borrowed our last dollar, then people will know real pain and suffering.

 

[BluesLegend]

When you win every state with I.D. laws as well as every swing state.....it's a landslide.

Dems are in denial. Dems attacked Trump for 8 straight years, throwing everything and the kitchen sink at the guy and even with the fake news 110% in the tank for Democrats Trump CRUSHED them like a bug.

 

[Papageorgio]

Clinton had a surplus (how the debt wasn't reduced I don't know).

Bush was projected to have a good one and HE BLEW IT. The CBO said he could have gotten us close to NO DEBT.

Instead he lit the fuse, helped with the housing crash and generally screwed us over.

He didn’t have a surplus every year and he cut the last four years, he had a Republican Congress and to me that is the best combo to reduce debt.

 

[Zincwarrior]

You don't have to convince me that Biden left behind a huge mess.

This is all Trump all the time.

 

[mudwhistle]

This is all Trump all the time.

Yup...yup...yuppity...yup.

Everything good they take credit......and everything bad they blame on Trump.

 

[Zincwarrior]

Yup...yup...yuppity...yup.

Everything good they take credit......and everything bad they blame on Trump.

Dumb fuck Trump has screwed us.

 

[mudwhistle]

Dumb fuck Trump has screwed us.

How?

 

[jc456]

Biden and Obama were saddled with the deficits that W and Trump created. You can't cut spending or raise taxes when your nation is in economic freefall.

You're supposed to cut taxes in boom times, and lower them during recessions, but Republicans do the opposite. The economy hasn't fully recovered from the last crash (both Obama and Clinton had 8 years to clean up the messes they were left with), and it was easy for Trump to derail the recovery, and send the economy spiraling again.

Blah blah blah, get new material boring Canadian. All you ever got are excuses

 

[HikerGuy83]

He didn’t have a surplus every year and he cut the last four years, he had a Republican Congress and to me that is the best combo to reduce debt.

Correct. He had three consecutive years of surplus. Something that had not happened for many decades.

Clinton had GOP congess and, yes, the did some good things.

Bush had a GOP congess and they should all be hanged by their balls.