Free Republic
Browse · Search
News/Activism
Topics · Post Article

Realted (from here)

Trump and Clinton Will Both Bring Disappointment

By Robert Samuelson

A reactionary is someone who wishes to return, usually unrealistically, to an earlier and more appealing era. We have two reactionaries running for president. Both peddle agendas that promise to re-create a reassuring past. We are being fed different varieties of nostalgia. Neither will work.

Donald Trump is most explicit. He pledges to "make America great again." What does this mean? For starters, it suggests that non-Hispanic whites will recapture political power that has shifted to immigrants and their children. Many would simply be tossed out of the country. After this, Trump will reinvigorate the economy by tearing up many, perhaps all, of our trade agreements, which he blames for our economic problems....
 

...How does it affect the economy and politics? How can we prevent spending on the elderly from crowding out other important functions of government, including defense, which is being squeezed in an increasingly dangerous world?

So it is with many subjects: immigration, tax changes, balancing the budget (the main reason for this: to make people weigh the benefits of more government against the costs). We get no discussion or simplistic discussion. The past takes precedence over the future. There's a reactionary celebration of the past that, no matter who wins, has one sure consequence: disappointment.


1 posted on 10/11/2016 3:57:49 AM PDT by expat_panama
[ Post Reply | Private Reply | View Replies ]


To: 1010RD; A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Alcibiades; Aliska; alrea; ...
Good morning again!   So the S&P inched back up in still weaker trade barely (but not quite) back up to a falling 50-day moving average.  I didn't get to the NASDAQ because I dozed off. 

Futures have stocks off a bit today, they say metals will fall big time but for now folks  are buying (sort of): gold, silver are at $1,255.41, 17.54.

Econ report folks are hiding too.

Then there's always...

Immigration Boosted Our Economy, and Can Again - Steve Forbes, Forbes
Men Hardly Working Is a Hazard to Their Health - Justin Fox, Bloomberg
Gov't Approved Loans Turning Mortgages On Head - Andrea Riquier, MW
Corporations Have Rights, Why Not Nature? - Chip Colwell, New Republic
Las Vegas Gambles on the Next Presidential Debate - Richard Reeves,RCM
Spending More to 'Save' Is Self-Defeating - Carl Richards, New York Times
There Are Some Indications of a Coming Slowdown - Jerry Bowyer, Vident
Is 4% Rule Still Relevant for Retirees? - Rodney Brooks, Washington Post
Who Wall Streeters Think Won the 2nd Debate - Lucinda Shen, Fortune


2 posted on 10/11/2016 4:09:32 AM PDT by expat_panama
[ Post Reply | Private Reply | To 1 | View Replies ]

To: expat_panama

Trump is in this race because here in the Northeast the slowdown never ended; there has been 0 recovery here (and no sign of any coming). Any talk of bolstering the economy involves enormous government spending, further taxing people with the highest taxes in the nation (therefore driving even more business and workers from the region).


3 posted on 10/11/2016 4:14:35 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: expat_panama

“Look what happened this January when the market had a chance to digest the first rate increase in 10 years. The 25 basis point increase in December 2015 led to one of the worst January’s in the history of the stock market.”

And concomitant with that rate increase, the gold and silver ETFs shot up in value, if I remember correctly.


8 posted on 10/11/2016 6:10:24 AM PDT by sergeantdave (Trump will give us 80% of what we want, while hillary will take 100% of what we have)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: expat_panama
Keeping the stimulus peddle to the metal will only create more money with economic activity, exactly what created asset valuations in the first place - they have to come down to be in concert with the rest of the economy which is still wroth only what economic activity can produce.

So the entire world at the G20+ has to coordinate printing money to keep their governments solvent....

Imagine Russia saying its time to fight with the United States and quit printing money! It only takes one or two nations, say Iran, N.Korea and Russia to rattle sabers and the entire system goes broke in a few short weeks of repressed economic activity - printing money/stimulus is pure economic BS.

12 posted on 10/11/2016 9:34:51 AM PDT by Jumper
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson