Posted on 08/24/2015 8:01:30 AM PDT by jstaff
Really great article, full of facts(sort of), sound reasoning(so to speak), and logical conclusions(in an irrational sort of way). He proves beyond a shadow of a doubt that the big market crunch that is happening now is all Trump's fault.
Shame on all you who have blamed the US government's pumping free money into the markets till they collapsed from the shear weight of it. Hexes on all of you who worried that the US was so dependent on China's economy, because of all the debt they hold, that they would take us down with them when they fell. Off to Detroit, and good riddance, to those who failed to listen and heed when offered the word of the worlds greatest, living or dead, economist, Paul Whats-his-name.
Every Trump supporter should read this electrifying opinion piece, and feel the shame of supporting a man who, along with his "enablers in the Republican party and beyond seem bent on a course of wealth destruction".
Go Bernie. Yay.
IB4TZ
Well, this was predictable.
I hope Trump fires back with some cold, hard facts about what the past 7-10 years has done to us. And name names!
I heard DT this morning on Fox & Friends where he is always very well received. He was commenting on the stock market plunge and suggested that hedge fund managers ought to be taxed more. Hedge fund managers are often compensated on the basis of capital gains, not salaries. I’m wondering therefore if DT favors an increase in the capital gains tax.
“Donal Trump is scaring the markets”
“The ugly specter of a Donald Trump Presidency is enough to shake up the market and potentially undo all the good done by Obama.”
“Donald Trump is responsible for the coming depression.”
realdonaldtrumpDepression- be careful of China!
The left will always tell you who they fear and they fear Donald Trump the most.
ROTFL! What happened to Bush’s fault?
Link?
I agree.
Mr. Jane Pauley is a good indicator and he’s been attacking Trump.
Kudlow and his guests Saturday were all blaming Trump for the market drop.
Just the usual GOP / Jeb protectors at work.
“Link?”
Not worth it. The guy is an idiot.
The hedge manager’s interest issue is about something called “carried interest.” I have mixed feelings here, because I am for low capital gains.
If you don’t know, carried interest refers to the contractual incentives for hedge funds. They get a fixed fee, and an incentive fee—for a long time it was 2% fixed, plus 20% of gains. These gains are on the whole fund’s assets, that is, on the customers’ (or limited partners’) accounts. That money isn’t owned by the managers. The question is, should the taxes for the managers be at capital gains or at ordinary income levels, or somewhere in between
On the one hand, the assets appreciated, so shouldn’t the capital gains be passed through? On the other hand, it’s of the nature of a management fee, although it is variable based on performance. I can see arguments both ways.
Personally, at the moment, I wouldn’t touch it, because I view any change upwards in capital gains taxation as the “camel’s nose under the tent,” preparatory to more general raises, and capital gains should NOT be taxed as ordinary income because of the risks involved in investment, and also because of the disincentives to capital formation.
Gee. Here I’ve been staring at 6.5 years of NLRB employment lies, quantitative easing dumping near a trillion a year on the Stock Market for MBS’s and Treasury Bills, Gas that hasn’t even come close to the $1.86/gal when the “One” was immaculated, ObamaCare that is just now realizing its control over 17-20% or our economy with taxes that would astound the average American, a do-nothing Congress that ACHES to budget more than we can produce, an Administration that is committing us to a lifetime of Mexican Illegal entitlement spending, an administration that gives away money to an organization that butchers babies for ‘parts’ for ‘research’ (for cosmetics maybe?).........
This goes on and on and on and on and on......and now I find out it’s all Trump’s fault. How stupid of me. Go figure.
This should put GWBush in a bind. If he has to thank Trump for saving him from getting blamed for this, will he support Trump or frump aka Jeb?
Sarcasm?
Large hedge funds amplify market moves via shorting and naked shorting selling unregistered shares. Not only should they be penalized, they should be arraigned on charges of market manipulation.
The Dow dived more than 1000 points and then pared back to less than half of that loss. Half of the 1000 point dive is from HFs clearing out margin accounts of smaller funds. They know who to eat in a crisis.
I haven’t looked at all of what DT has to say on this subject but it’s safe to say his sentiment is towards natural market forces and not the with the antics of sharks in the market. Taxation may not be the answer, trading curbs may be an answer but prosecution of naked shorting and HFT is a must.
This is satire, right? Even if he wanted to Trump could not cause this debacle.
Whoever wrote this has no knowledge of financial markets,economics, history, or anything else.
And global warming, the Kennedy assassination, the failure of New Coke and the Seahawks losing the Super Bowl.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.