Trump signs executive order creating a sovereign wealth fund for U.S.

[luiza]

Soo you've reached the next stage of human evolution. That's so nice for you. ------ dumbass

That is precisely what this era is all about .
Moving through and Out of Chaos into Acquarius .

Sorry to see that you are so annoyed at being left behind .
But there will be plenty of opporunities for you to catch up .
And events which will make what has happened so far seem almost trivial .

BTW , No need to sign off as Dumbass . We more fortunate ones are always happy to help

 

[struth]

Trump can’t do anything of the kind. The House controls the public purse.

Trump can sign an order to create the fund, Congress however has to decide how it’s funded

 

[Dragonlady]

Solyndra failed because it was a medium or vehicle to “reward friends.”

Not all investments are good ones. If NONE of the start up companies you help fail, you're being too tight with the money. Of the billions of dollars of investments made, the fact that only one of them failed is an excellent record.

I know this sounds counter-intuitive but it IS the standard for bankers. Bankers have to walk a fine line in lending, because you can be written up for being too tight. I had one year where no loans went bad at all, and my deliquency ratio fell to almost zero. Below 1% was considered excellent. Below 0.5% was NOT. It's a really fine line. I finally had an overdraft extended a client went bad when the client was injured in an accident. which pushed my ratio back up to the "safe" zone.

 

[struth]

Not all investments are good ones. If NONE of the start up companies you help fail, you're being too tight with the money. Of the billions of dollars of investments made, the fact that only one of them failed is an excellent record.

I know this sounds counter-intuitive but it IS the standard for bankers. Bankers have to walk a fine line in lending, because you can be written up for being too tight. I had one year where no loans went bad at all, and my deliquency ratio fell to almost zero. Below 1% was considered excellent. Below 0.5% was NOT. It's a really fine line. I finally had an overdraft extended a client went bad when the client was injured in an accident. which pushed my ratio back up to the "safe" zone.

What gave obama the right to invest tax payers dollars in any company?

 

[Cellblock2429]

/----/ "Republicans have even said “deficits don’t matter”.
First of all, numbnuts, Republicans didn't say that; it was the new hero of the democRAT Party, RINO Dick Cheney.
Secondly, he said that when the debt or GDP was about 25%. It's now 125%. They may or may not have mattered then, but they do matter now. DERP

What Dick Cheney Really Thinks About Deficits - The Atlantic​

"Reagan proved deficits don't matter," he said. "We won the midterms. This is our due." That's from John Cassidy's retelling of the famous scene from Ron Suskind's The Price of Loyalty. Nice to ...

/---/ Nuthin Fancy marked my post Fake News. What's fake about the linked source?

 

[Dragonlady]

That is precisely what this era is all about .
Moving through and Out of Chaos into Acquarius .

Sorry to see that you are so annoyed at being left behind .
But there will be plenty of opporunities for you to catch up .
And events which will make what has happened so far seem almost trivial .

BTW , No need to sign off as Dumbass . We more fortunate ones are always happy to help

What bullshit. This era is all about breaking things with no plan to replace them.

We had a hard right Conservative government in the Province of Ontario in the 1990's. They cut welfare in half, decimated the Environmental laws, and "cracked down on crime". The Premier paid everybody in Ontario $200 as a "taxpayer dividend", because he "balanced the budget", and the jerk got re-elected for another 4 years.

Then people died from contaminated drinking water in a small town where no inspections were taking place, police shot protestors. School board budgets were slashed, and schools lost nurses, janitors, and teaching assistants. We spent $50 million firing thousands of nurses - all of whom immediately found work in the USA. There was a teacher's strike every year.

They closed all of the long term care mental hospitals saying they would use the savings to provide community resources for the mentally challenged. Trouble is they didn't put the community resources in place to help these people transition into the communities before closing the hospitals. By the time the community resources were in place, the former patients were already homeless, in jail or lost to the system.

The people threw the Conservatives out. Turned out they lied about balancing the budget too, and all their slashing and burning left our health care and our schools in chaos, and increased poverty. We had to spend another $50 million to rehire our nurses.

Conservatives cannot manage ANYTHING.

 

[Dragonlady]

What gave obama the right to invest tax payers dollars in any company?

The Federal GOVERNMENT. Sound economic principles, which save your fucking country from a DEPRESSION, Fool!!!

 

[pknopp]

What gave obama the right to invest tax payers dollars in any company?

Stupid Congress.

 

[struth]

The Federal GOVERNMENT. Sound economic principles, which save your fucking country from a DEPRESSION, Fool!!!

Investing in a failed solar company saved us from a depression?

So it’s your belief that the federal govt gives the president the power to invest tax payers funds in a business of his choice..gotcha

 

[struth]

Stupid Congress.

Where did they do that?

 

[pknopp]

Where did they do that?

Loading…

www.congress.gov

 

[struth]

Loading…

www.congress.gov

Where does that bill give Obama authority to invest in a solar upstart company??

 

[pknopp]

Where does that bill give Obama authority to invest in a solar upstart company??

He never did. It was a loan guarantee, all a part of the stupid bail outs Congress created.

 

[struth]

He never did. It was a loan guarantee, all a part of the stupid bail outs Congress created.

Where did he get authority to do that?

 

[Moonglow]

Trump signs executive order creating a sovereign wealth fund for U.S.

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

www.washingtontimes.com

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

Treasury Secretary Scott Bessent and Howard Lutnick, Mr. Trump’s nominee for Commerce secretary, are tasked with spearheading the effort.

“It’s about time the U.S. had a sovereign wealth fund,” Mr. Trump told reporters in the Oval Office during the signing ceremony.

The president suggested the government could use the funds to purchase TikTok, the social media platform that was briefly banned in the U.S.

Mr. Bessent said the wealth fund should be set up within the next year.

“We’re going to monetize the asset side of the U.S. balance sheet for the American people,” he said. “We are going to put the assets to work.”

The move fulfills a campaign promise by Mr. Trump, who repeatedly touted the benefits of creating such a fund, which are popular investment vehicles for governments in Asia and the Middle East. Those countries direct their budget surpluses toward a wide range of investments to help wield their influence around the world.

I'm surprised this one slipped under USMB's radar.

I'm sort of torn on it given what dems would do to it if they regain power.

Alright, moar socialism.

 

[Moonglow]

/----/ A great plan. Unfortunately, the next tax and spend like drunken sailors democRAT Congress would blow through that fund in a month.

Good thing a Republican like Trump has never added to the debt.....

 

[Moonglow]

Where did he get authority to do that?

The Energy Policy Act of 2005 try reading it some time and you will see why the US has done what it has been doing with renewables and biofuels.

 

[Cellblock2429]

Good thing a Republican like Trump has never added to the debt.....

/---/ Only Congress can add to the debt. All a president can do is make recommendations. I thought you would have learned this by now after we bytchslapped you libtards with how the government works a thousand times.
I pity your Special Ed teachers.

 

[Lesh]

Trump signs executive order creating a sovereign wealth fund for U.S.

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

www.washingtontimes.com

President Trump on Monday signed an executive order to create a sovereign wealth fund for the U.S., which would take government surpluses and invest the money into potentially risky asset classes that could generate high returns.

Treasury Secretary Scott Bessent and Howard Lutnick, Mr. Trump’s nominee for Commerce secretary, are tasked with spearheading the effort.

“It’s about time the U.S. had a sovereign wealth fund,” Mr. Trump told reporters in the Oval Office during the signing ceremony.

The president suggested the government could use the funds to purchase TikTok, the social media platform that was briefly banned in the U.S.

Mr. Bessent said the wealth fund should be set up within the next year.

“We’re going to monetize the asset side of the U.S. balance sheet for the American people,” he said. “We are going to put the assets to work.”

The move fulfills a campaign promise by Mr. Trump, who repeatedly touted the benefits of creating such a fund, which are popular investment vehicles for governments in Asia and the Middle East. Those countries direct their budget surpluses toward a wide range of investments to help wield their influence around the world.

I'm surprised this one slipped under USMB's radar.

I'm sort of torn on it given what dems would do to it if they regain power.

Government surpluses?

We have those??

 

[Cellblock2429]

Government surpluses?

We have those??

/---/ A surplus can be created; sadly democRATs and liberal judges are roadblocking Trump every chance they get.