Trump told Gary Cohn to 'print money' to lower the national debt

[g5000]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

So . . . .

Let me get this straight, you are accusing him of wanting to do what the FED did to get Obama out of the mess of 2008?



Well, that's rich.

The Fed printed money to prevent deflation, not to get us out of debt.

 

[g5000]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

Lol--- according to woodward? Woodward is a leftist liberal hack .

Trump said it publicly a while back. I remember posting about it. Want to see?

 

[g5000]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

Rubes like you will fall for anything.

Trump said it in public.

It's ironic supporters of Trump would call anyone else stupid or gullible.

 

[g5000]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

Seriously liberals can't be so stupid to believe this.

Except that it is true.

Anyone who believes Trump is just too stupid.

 

[g5000]

Are you people as ignorant as you seem to be?

What (the fuck) do you think "quantitative easing" was?

What do you think O'Bama's deficits were?

Printing money, in the hope that it would spur the economy, and grow us out of debt.

Jesus fucking Christ.

Thanks for showing us you don't know what QE was. What an ironic joke you just played on yourself.

 

[NightFox]

This is what second-rate Latin American dictators do.

That's total bullshit ….

First-rate Latin American dictators do it too.

 

[g5000]

Sunni Man LordBrownTrout dave p Hellokitty

For all of you hacks who think the OP is made up:

Donald Trump: U.S. will never default 'because you print the money'

 

[g5000]

"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, OK?" - Donald J. Trump

 

[Erinwltr]

Yeah....

WE know. You hope the dollar crashes and millions starve to death just to get egg on Trump's face.

Fucking sociopath.

Wait, that's not right....

STUPID fucking sociopath.....

There we are.


.

Oh look, Pete reads minds through the Interwebs. How novel.

Wrong bed wetter, your fellow traveler in treason posted his desires for everyone too see.

MAGA: Federal deficit soars 32% to $895B. Glad CIC Bone Spur is on the Job. Obama did better, Btw!

That's completely jacked up to wish economic harm on other Americans just because of their politics. SMH.

 

[Vel]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

If this is indeed from Woodward's book, then it's certainly shows the lack of credibility. Sorry, but I'm not ready to believe that a man who spent his life in high finance doesn't understand valuing currency. Woodward FAIL.

 

[g5000]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

If this is indeed from Woodward's book, then it's certainly shows the lack of credibility. Sorry, but I'm not ready to believe that a man who spent his life in high finance doesn't understand valuing currency. Woodward FAIL.

See posts 27 and 28.

I'll be happy to lend you a washcloth to take that egg off your face.

Now let's see if you have any integrity and apologize.

 

[MisterBeale]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

So . . . .

Let me get this straight, you are accusing him of wanting to do what the FED did to get Obama out of the mess of 2008?



Well, that's rich.

The Fed printed money to prevent deflation, not to get us out of debt.

It wasn't their business to prevent deflation.

The left, always bitching about how their paychecks won't go far enough.

. . . and here you go, your paycheck about to go farther, and what does the fed do? Fuck you, fuck over the poor folk.



Don't let me hear you whine for a minimum wage increase, mmkay?

The FED is opposed to legitimate economic activity to protect its monopoly and the crooks in D.C.



"But now consider a situation in which money is created out of "thin air" — this is precisely what the counterfeiter does. This type of money sets the platform for an exchange of nothing for something. The counterfeiter exchanges the printed money for goods without producing anything useful.

The counterfeiter takes from the pool of real goods without making any contribution to the pool.

The economic effect of money that was created out of thin air is exactly the same as that of counterfeit money — it impoverishes wealth generators.

The money created out of thin air diverts real wealth toward the holders of new money. As a result, less real wealth is left to fund wealth-generating activities.

This in turn leads to a weakening in economic growth. Remember only wealth generating activities can generate wealth and hence grow an economy.

Note that as a result of the increase in the money supply what we have here is more money per unit of goods, and thus, higher prices. What matters, however, is not price rises as such but the increase in the money supply that sets in motion the exchange of nothing for something or "the counterfeit effect."

The exchange of nothing for something, as we have seen, weakens the process of real wealth formation. Therefore, anything that promotes increases in the money supply can only make things much worse. So while inflation is an increase in the money supply, deflation is a decrease in the money supply.

We have seen that increases in the money supply, i.e., inflation gives rise to various non-productive activities, which we can also call "bubble activities."
Deflation Is Always Good for the Economy | Frank Shostak

 

[g5000]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

So . . . .

Let me get this straight, you are accusing him of wanting to do what the FED did to get Obama out of the mess of 2008?



Well, that's rich.

The Fed printed money to prevent deflation, not to get us out of debt.

It wasn't their business to prevent deflation.

I never said I supported QE, idiot. In fact, I very much opposed it, and there are plenty of my posts on this forum to prove it.

Way to miss the point. QE was not done to lower the debt, as some dipshits claimed.

 

[Vel]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

If this is indeed from Woodward's book, then it's certainly shows the lack of credibility. Sorry, but I'm not ready to believe that a man who spent his life in high finance doesn't understand valuing currency. Woodward FAIL.

See posts 27 and 28.

I'll be happy to lend you a washcloth to take that egg off your face.

Now let's see if you have any integrity and apologize.

Try sourcing your quote if you wish anyone to believe it. It's well known that democrats and liberals lie their collective asses off if they think it reflects poorly on Trump.

 

[BookShaka]

OMG!

Impeach!

 

[caddo kid]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

If this is indeed from Woodward's book, then it's certainly shows the lack of credibility. Sorry, but I'm not ready to believe that a man who spent his life in high finance doesn't understand valuing currency. Woodward FAIL.

You mean Trump, the 'man' that has filed multiple business bankruptcies, so many in fact that Trump could no longer secure loans from US sources but had to resort to obtaining financing from Russian sources; that 'man?' LOL
Yeah, that jackazz really knows about money; rubles.

 

[g5000]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

If this is indeed from Woodward's book, then it's certainly shows the lack of credibility. Sorry, but I'm not ready to believe that a man who spent his life in high finance doesn't understand valuing currency. Woodward FAIL.

See posts 27 and 28.

I'll be happy to lend you a washcloth to take that egg off your face.

Now let's see if you have any integrity and apologize.

Try sourcing your quote if you wish anyone to believe it. It's well known that democrats and liberals lie their collective asses off if they think it reflects poorly on Trump.

I did source the quote, dumbass. LOOK AT POSTS 27 and 28.

I will wait for your apology.

 

[dave p]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

Rubes like you will fall for anything.

Trump said it in public.

It's ironic supporters of Trump would call anyone else stupid or gullible.

According to Woodward.

 

[BookShaka]

Are you people as ignorant as you seem to be?

Yes they are.

 

[tyroneweaver]

Placing the article in this forum as the article is listed POLITICS

Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book

As a candidate, Donald Trump pledged to balance the federal budget and lower the national debt, promises that are proving difficult to keep.

Once he won, Trump considered an unusual approach that was quickly slapped down by his chief economic advisor, according to veteran journalist Bob Woodward's new book, "Fear: Trump in the White House," which went on sale Tuesday.

"Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council.

"You don't get to do it that way," Cohn said, according to Woodward. "We have huge deficits and they matter. The government doesn't keep a balance sheet like that."


No one could make this up; you can't make this crap up. Make America Crazy Again

Trump inherited this debt
Every president has had to say print more money for their maleficence in office
Just another article of whatever trump does is a crime