Posted on 05/11/2015 3:38:46 AM PDT by expat_panama
Historic slowdown looms as GOP fiscal policy lets economy choke
Warning bells just keep getting louder and louder as the countdown to the Crash of 2016 keeps ticking. Wall Street’s in denial, but the Washington Post warns: “U.S. economic growth slows to 0.2 percent, grinding nearly to a halt.” USA Today hears “Bubble Talk” at the Vegas “Davos for Geeks.” Earlier the Wall Street Journal warned, “declining population could reduce global economic growth by 40%.” Then recently the “slow-growth Fed” was blamed.
Wrong, former Fed chief Ben Bernanke counterattacked: “I’m waiting for the Journal to argue for a well-structured program of public infrastructure development, which would support growth in the near term by creating jobs and in the longer term by making our economy more productive.” But for years the Fed “has been pretty much the only game in town as far as economic policy goes.” Today “we should be looking for a better balance between monetary and other growth-promoting policies, including fiscal policy.”
Fiscal policy? No, Ben, not a chance. The GOP controls economic policy. And they will never give “growth-promoting fiscal policy” victories to President Obama and Hillary Clinton before the presidential election of 2016. Never. In spite of Bernanke’s obviously rational solution to the core problems of the American economy, one that would help the American people, the GOP will never, ever agree to fiscal stimulus programs that give the Democrats bragging rights and make Obama and Clinton look good before the elections.
The GOP is hungry for power, very hungry...
(Excerpt) Read more at marketwatch.com ...
The economic crash will occur in September, 2015.
That’s what I read.
I’m pulling my money out in a few months. Have to have somewhere else to put it for when we have hyperinflation, so I’m buying some rentals and lead.
Once again, we hear that only gov’t spending can save the the economy.
Engineering an economic collapse to be blamed on Republicans.
After watching Jeb Bush flounder around with Great Depression 2.0 for four years, Republicans will not win another election until we make First Contact with the United Federation of Planets.
HA!
I can crash the market all by myself!
All I have to do is leave my “Stable Value” fund and get back into stocks and the Dow will come crashing down!
economic crash will occur in September, 2015.
The way it's supposed to work is that first stocks crash and then the econ falls apart. Biggest crash was '29 and the Great Depression followed. Dot.com but before the '01 recession. '08 then '09. etc.
What's weird is that an '08 crash w/ a Rep. pres + Dem congress was the Rep's fault, and now this '16 crash w/ a Dem pres+ Rep. congress is obviously still the Rep's fault. Sort of like how a budget/gov't shutdown is always the Rep's fault no matter which party's in the whitehouse.
Thanks for an excellent link re the bs insanity of most of the market watch.
BSing liberals acting like they can predict the financial future.
These clowns were never correct during GW’s term and they still continue to try to pass their bs as gospel!
Thanks for the heads-up.
That is a very interesting observation. To which I'd add: Fed chair Yellen has hinted that interest rates will rise when the economy starts showing sustained improvement.
Now, rising interest rates are generally bad for stocks. So there it is again. In this bizarre environment, it seems that a weak economy favors stocks.
It won’t be 2016.
It’ll be 9/11/2015.
And we ain’t recovering from this one for a LONG time if ever.
Wow! Lotta predictions here today. I guess those are like opinions, everybody’s got one. According to thjese guys it might be at 2:15 Today.
http://www.freerepublic.com/focus/f-news/3288515/posts
Anyone can predict a market “crash”. The trick is to predict when, how much, and how long.
” These clowns were never correct during GW’s term and they still continue to try to pass their bs as gospel!”
Laughable nonsense.
Thought the country of “Rhetory” was run over by the Bull Shitites?
And the Dems reluctantly want that power only to save us from the evil GOP power hungry wolves. Riiiiight.
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