Economics , trump economics

Discussion in 'Business & Economics' started by river, Dec 2, 2020.

  1. river

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    16,231
    I have so far , seen none of trumps understanding , grasp , of economics .

    Can any one tell me that actually he does .
     
    Dennis Tate likes this.
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  3. mathman Valued Senior Member

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    Trump will be gone Jan. 20. Let's try to ignore him from now on.
     
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  5. Saint Valued Senior Member

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    Will Biden make Americans richer?
     
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  7. iceaura Valued Senior Member

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    Trump's economic policies have been standard post-Reagan Republican.

    As with other Republican politicians, that in itself does not indicate personal understanding (or bewilderment, in this matter). One must adjust and modify one's estimations in light of personal motivation - most Republican politicians risk losing Party support and even elected office if they fail to endorse and promote the standard Republican economic policies and Partisan assessments of legislation, but gaining large financial or career benefits if they do endorse and promote as the Party determines is best.

    In such circumstances what a Republican politician is willing to admit understanding or reveal comprehension of is not at all the same as what they do in fact understand and comprehend.
     
  8. Write4U Valued Senior Member

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    16,270
    Wrong question. Will Biden make 30% of Americans less poor is the proper question.
    The rich take care of themselves.
     
  9. river

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    16,231
    If He starts from the bottom up he will . ( the poor to the rich rather than the rich to to the poor )
     
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  10. Write4U Valued Senior Member

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    I agree, "trickle down economics" have never worked . At the bottom only a few drops are left.

    Give a poor man some money he will spend it immediately, stimulating industry and economy.
    Give a rich man some money, he'll put it in the bank and earns "unearned income" from the interest.
     
    river likes this.
  11. river

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    16,231
    The rich in either gender can be the start of a futuristic , future for Humanity . There are many rich .
     
  12. Write4U Valued Senior Member

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    16,270
    They can, few will.
     
  13. river

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    16,231
    True

    Way to few . They have No Vision other than power .
     
  14. Write4U Valued Senior Member

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    16,270
    Here's how China is going green

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    Image: Reuters


    That looks pretty impressive to me.
    Here are the most important ones:

    Less coal, cleaner air
    Better regulation
    Funding a greener future
    https://www.weforum.org/agenda/2018/04/china-is-going-green-here-s-how
     
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  15. iceaura Valued Senior Member

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    30,848
    .

    Unfortunately:
    https://www.reuters.com/article/china-coal-idUSL4N2E20HS
     
  16. Write4U Valued Senior Member

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    16,270
    Lets hope these are just transitional measures, while they gradually switch. China has BIG industrial needs.
    • The current population of China is 1,442,191,470 as of Wednesday, January 6, 2021, based on Worldometer elaboration of the latest United Nations data.
    • China 2020 population is estimated at 1,439,323,776 people at mid year according to UN data.
    • China population is equivalent to 18.47% of the total world population.
    • China ranks number 1 in the list of countries (and dependencies) by population.
    • The population density in China is 153 per Km2 (397 people per mi2).
    • The total land area is 9,388,211 Km2 (3,624,807 sq. miles)
    • 60.8 % of the population is urban (875,075,919 people in 2020)
    • The median age in China is 38.4 years.
    https://www.worldometers.info/world-population/china-population/
     
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  17. Dennis Tate Registered Senior Member

    Messages:
    845

    I could be wrong but I believe that one of his campaign promises from 2015 was based on some experiences from his own life......
    and some aspects of Federal Reserve Policy that most of us are unaware of.

    (This quotation is from a rather old version, (pre 2015) of the wikipedia article about him).

    https://en.wikipedia.org/wiki/Donald_Trump
    This quotation is from infowars and is no longer easy to find online:


    This statement is from a poster on another forum and could be incorrect.... but I think that this idea is logical and if true would mean that the Federal Reserve was intended to operate much like the Bank of Canada did from 1938 to 1974.


    http://www.politicalforum.com/index...and-why-that-must-end.211515/#post-1064784748



    If the quotation by dad2three is correct....... then by maximizing the use of the Federal Reserve the USA national debt could be kept astonishingly LOW!!!! If the USA debt is growing too fast then an audit of the Federal Reserve is indeed in order, but... the problem may be similar to what happened here in Canada in 1974.

     
    Last edited: Apr 16, 2021
  18. Dennis Tate Registered Senior Member

    Messages:
    845

    Some Americans yes........
    but I would guess that eighty percent of Americans will be poorer by the look of his policies so far.

    There is a theory out there that the fall of the Roman Empire took place because the highways in the Empire became over ran by bandits and the tax base of the Roman Empire shrank.... the legions could no longer be paid well.... and voila .... the Germanic tribes swooped down and sacked Rome! In my opinion... Biden's policies are similar to those of Rome as she began to fall into moral and economic decay.

    (That theory is courtesy of Richard Sapir and Warren Murphy if anybody else here is also a fan of theirs)!
     
  19. Write4U Valued Senior Member

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    16,270
    He is a master at going bankrupt and taking everyone he does business with down with him. Just consider why Banks did not want to lend him any money, except the Russians, who had a stake in Trump's US economic failure, not his success! The Russians are master at chess and long term strategy.
    I disagree. People are so used to instant gratification, they look only to tomorrow, not next year.
    The money is an investment in the future, and has started with a generous distribution to save the poor from going completely bankrupt, due to the pandemic medical costs and unemployment.

    Remarkably, the stock-market (primarily the rich investors) is still very very healthy, due many capitalist opportunity to make quick profits on cheap real estate and low interest borrowing.

    1) The immediate concern is the pandemic. If that is not conquered the nation will go bankrupt.
    2) The money will be spent on infra-structure which will provide good paying jobs for the poor.
    3) There will be a tax increase on the rich who can afford it.

    Biden has learned from two successful democratic presidents, each who were handed a disastrous economy and had restored a healthy economy by the time they left office, after 2 terms, by popular vote.
    People often forget the enormously successful economic recoveries Clinton and Obama managed. Each did a brilliant job of turning inherited financial economic and employment disasters into triumph.

    Trump was handed a thriving economy and promptly started to rob the treasury by offering a tax cut which significantly benefitted only the rich, including himself, and then proceeded to default on every campaign promise he made, while taking credit for the inherited healthy economies.
     
    Last edited: Apr 17, 2021 at 5:49 AM

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