We Know Who They Will Blame When Trump Crashes the Economy.

[Toddsterpatriot]

The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

The Treasury pays the Fed? That's awful!!!

What does the Fed do with all their unearned filthy lucre?

 

[Natural Citizen]

The Treasury pays the Fed? That's awful!!!

What does the Fed do with all their unearned filthy lucre?

Toddster, you read about as well as you understand math. Heh heh.

 

[Natural Citizen]

So, the Trump economy has given us a massive Recession with NEGATIVE 33% GDP

And Conservatives mocked Obama for never averaging plus 3 for a year

Please don't call them conservative. Every time that happens I get that feeling that someone is scratching a chalkboard with their nails.

 

[Toddsterpatriot]

The Treasury pays the Fed? That's awful!!!

What does the Fed do with all their unearned filthy lucre?

Toddster, you read about as well as you understand math. Heh heh.

So you'll be running away again instead of answering? DURR

 

[rightwinger]

Please don't call them conservative. Every time that happens I get that feeling that someone is scratching a chalkboard with their nails.

Running a $3 trillion deficit is not Conservative?

 

[Natural Citizen]

[QUOTE="

Running a $3 trillion deficit is not Conservative?
[/QUOTE]

Uh....no.

 

[BluesLegend]

So, the Trump economy has given us a massive Recession with NEGATIVE 33% GDP

And Conservatives mocked Obama for never averaging plus 3 for a year

Liar liar rightwinger's pants are on fire wow! Dem's BFF China is the reason and you know it.

 

[Natural Citizen]

So you'll be running away again instead of answering? DURR

Go back, quote me correctly, then we can talk. I enjoy kicking you around in front of all of your friends. You walk right into it every single time. lol.

 

[Toddsterpatriot]

So you'll be running away again instead of answering? DURR

Go back, quote me correctly, then we can talk. I enjoy kicking you around in front of all of your friends. You walk right into it every single time. lol.

Your ignorance is amusing.

 

[Natural Citizen]

Your ignorance is amusing.

Well. Trustees like yourself who promote central economic planning by a central bank rather than genuine free market principles seem to be the reason were in the mess we're in.

You have a lot of room to talk about ignorance. You say you're in the business of banking. Are you the inter-office mail boy or something? Because you don't know jack squat nothin about economics or monetary policy from where I'm sitting.

Heck, you don't even know what money is. You've proven it many times over on here.

 

[Toddsterpatriot]

None of the so called conservatives on this board have any real knowledge of economics....

They also seem to believe that borrowing money doesn't mean you have to pay it back nor do they understand the benefits of paying debt off.

They support politicians who spend like there's no tomorrow without any intension of paying it back so they have no idea what deleverage means nor the benefits of it.

An intelligent person who doesn't know what it means would logically take a few minutes to find out but as the person you're replying to shows, they're just to down right damn lazy to do that.

So they make total fools of themselves like the one you replied to by talking about such ridiculous things as taxes in a deleverage discussion.

It's the last and normal responsible progression of recovery from an economic crash. Borrowing is needed to get out of the mess. Once the mess is cleaned up, you start to pay back that borrowed money.

It's a total waste of time to try to discuss economics with conservatives.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

Agreed otherwise. The electorate would do well to study economic theory and monetary policy.

Anyway. Incom tax garners around 2 trillion Federal Reserve Notes per year. If anyone has calculated the income tax rate, in order to avoid a deficit this year, they'd have to triple income taxes.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

That's awful!

So what?

 

[Natural Citizen]

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

That's awful!

So what?

Clearly, you cannot even grasp what was said, Toddster.

You're actually making yourself look more incompetent than you actually are.

You should stick with passing out the mail and leave the hard stuff to people who understand it.

 

[Toddsterpatriot]

Your ignorance is amusing.

None of the so called conservatives on this board have any real knowledge of economics....

They also seem to believe that borrowing money doesn't mean you have to pay it back nor do they understand the benefits of paying debt off.

They support politicians who spend like there's no tomorrow without any intension of paying it back so they have no idea what deleverage means nor the benefits of it.

An intelligent person who doesn't know what it means would logically take a few minutes to find out but as the person you're replying to shows, they're just to down right damn lazy to do that.

So they make total fools of themselves like the one you replied to by talking about such ridiculous things as taxes in a deleverage discussion.

It's the last and normal responsible progression of recovery from an economic crash. Borrowing is needed to get out of the mess. Once the mess is cleaned up, you start to pay back that borrowed money.

It's a total waste of time to try to discuss economics with conservatives.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

Agreed otherwise. The electorate would do well to study economic theory and monetary policy.

Anyway. Incom tax garners around 2 trillion Federal Reserve Notes per year. If anyone has calculated the income tax rate, in order to avoid a deficit this year, they'd have to triple income taxes.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

That's awful!

So what?

Clearly, you cannot even grasp what was said, Toddster.

You;re actually making yourself look more incometent than you are.

You're whining about the Federal Reserve.

So they're paid interest on bonds they hold? So what?

You're afraid to say what they do with their earnings, or you don't know. Which is it?

 

[Natural Citizen]

You're whining about the Federal Reserve.

So they're paid interest on bonds they hold? So what?

You're afraid to say what they do with their earnings, or you don't know. Which is it?

Heh heh. Don't go thinkin that, Toddster. I'm confident. More than you know.

You wanna take it to the Bull Ring? You can show us all how smart you are mano a mano. Free market guy vs big government central economic planning guy.

It's just a couple of clicks, man, I can start a thread right now if you want. Heck, I'll even let you pick the terms of controversy. That's how confdent I am in any discussion with you with regard to economic and monetary policy.

 

[Toddsterpatriot]

Your ignorance is amusing.

None of the so called conservatives on this board have any real knowledge of economics....

They also seem to believe that borrowing money doesn't mean you have to pay it back nor do they understand the benefits of paying debt off.

They support politicians who spend like there's no tomorrow without any intension of paying it back so they have no idea what deleverage means nor the benefits of it.

An intelligent person who doesn't know what it means would logically take a few minutes to find out but as the person you're replying to shows, they're just to down right damn lazy to do that.

So they make total fools of themselves like the one you replied to by talking about such ridiculous things as taxes in a deleverage discussion.

It's the last and normal responsible progression of recovery from an economic crash. Borrowing is needed to get out of the mess. Once the mess is cleaned up, you start to pay back that borrowed money.

It's a total waste of time to try to discuss economics with conservatives.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

Agreed otherwise. The electorate would do well to study economic theory and monetary policy.

Anyway. Incom tax garners around 2 trillion Federal Reserve Notes per year. If anyone has calculated the income tax rate, in order to avoid a deficit this year, they'd have to triple income taxes.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

That's awful!

So what?

Clearly, you cannot even grasp what was said, Toddster.

You;re actually making yourself look more incometent than you are.

You're whining about the Federal Reserve.

So they're paid interest on bonds they hold? So what?

You're afraid to say what they do with their earnings, or you don't know. Which is it?

Heh heh. Donlt go thinkin that, Toddster. I'm confident.

You wanna take it to the Bull Ring? You can show us all how smart you are mano a mano. Free market guy vs central economic planning guy.

It's just a couple of clicks, man, I can staert a thread now if you want.

You're afraid to say what they do with their earnings, or you don't know. Which is it?

 

[Papageorgio]

Trump's economic policies were not smart. He borrowed ridiculous amounts of money (Much more than the Obama Stimulus...) 8+ years into an economic expansion, pumped it into the economy, got a little bounce with only a few quarters of good growth, and now the economy is looking worn out and ready to crash.

This is identical to Bush. Bush inherited a budget surplus, gave a big tax cut to the ultra wealthy along with massive spending packages, squandered the surplus, racked up massive deficits, and had a total economic melt down.

Republicans can't take responsibility for any of their failures. Bush's collapse is somehow the 2006 democrats fault. The 2 losing wars, not his fault, etc etc. When Trump's policies collapse this economy we know that the GOP will not man up and take personal responsibility for their policies, they will blame... THE FED.

Here's David Stockman breaking down Trump's economic policies and why they are bad:

Stopping the economy on March 16th by states issuing stay at home orders had nothing to do with the economy crashing?

You are dishonest, even economist back in March said stopping the economy like they did would have far lasting effects. Restaurants are at 50% of last year due to orders given by states due to the coronavirus. The tourist industry is almost dead because of the coronavirus and state government orders. The travel industry is dead because of the orders issued by the coronavirus. Businesses have to reinvent themselves and change their processes due to the coronavirus has taken huge amounts of money. Yet, you mentioned none of it.

You are just another partisan asshole who doesn’t give a damn about the country, just politics.

 

[Staidhup]

The only hope Biden and the Dim's ever had was an international pandemic of the magnitude never seen before, so now we return to another era of myopic mediocrity, loss of freedom, and increasingly centralized government dictate.
One has to imagine if the tables were turned, unlikely as it may be, politicizing an international pandemic of this magnitude would have mainstream media in a feeding frenzy, but it hasn't it has it.

 

[C_Clayton_Jones]

…and Trump has indeed crashed the economy.

 

[Staidhup]

And how did he crash the economy? How did he create the international pandemic? Who do you think your kidding? Do you really think people are that naive and gullible? Give me a break.

 

[Dragonlady]

Your ignorance is amusing.

None of the so called conservatives on this board have any real knowledge of economics....

They also seem to believe that borrowing money doesn't mean you have to pay it back nor do they understand the benefits of paying debt off.

They support politicians who spend like there's no tomorrow without any intension of paying it back so they have no idea what deleverage means nor the benefits of it.

An intelligent person who doesn't know what it means would logically take a few minutes to find out but as the person you're replying to shows, they're just to down right damn lazy to do that.

So they make total fools of themselves like the one you replied to by talking about such ridiculous things as taxes in a deleverage discussion.

It's the last and normal responsible progression of recovery from an economic crash. Borrowing is needed to get out of the mess. Once the mess is cleaned up, you start to pay back that borrowed money.

It's a total waste of time to try to discuss economics with conservatives.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

Agreed otherwise. The electorate would do well to study economic theory and monetary policy.

Anyway. Incom tax garners around 2 trillion Federal Reserve Notes per year. If anyone has calculated the income tax rate, in order to avoid a deficit this year, they'd have to triple income taxes.

Borrowing isn't the way to get out of it. Borrowing only compounds it. That's not even how it works anyway. The electorate gets hit by the Fed's collection wing, the IRS, and they then turn the haul over to the Treasury so that the Treasury can pay the principal plus interest on that bond that the Federal Reserve bought with a check which was drawn on an account that had nothing in it. That's how it works.

That's awful!

So what?

Clearly, you cannot even grasp what was said, Toddster.

You;re actually making yourself look more incometent than you are.

You're whining about the Federal Reserve.

So they're paid interest on bonds they hold? So what?

You're afraid to say what they do with their earnings, or you don't know. Which is it?

The Fed isn't HOLDING the bonds, fool. They're ISSUING the bonds, and PAYING INTEREST to those who hold them.

You frequently opine on all things economic and you don't understand this simple basic principle?????