Posted on 12/07/2025 4:55:23 AM PST by RandFan
I remember i.
Another Democrat policy…….”Increase wages”
Policies have consequences, and the ‘socialist candy in the politicians pockets’ policies have been sold as a vector to those who have chosen poorly on prior policies.
Yes, there are many factors and perhaps it is a little complex. I am trying to simplify it “if Americans don’t make anything, or builds anything, there becomes no value in our economy, no real jobs, no downstream jobs, and dependency on foreign goods which devalue or currency and buying power until everything is unaffordable”. Democrats have championed everything BUT making things affordable. Make them accountable, make Congress accountable. Force a balanced budget Amendment with teeth and consequences for Congress if they fail.
You have fascinating neighbors. Threads I see you comment on always has some anecdote about said “neigbors”...
Trump picks some weird enemies. May be a fatal flaw politically.
That we’ll likely all pay for in November, 2026.
Thats a problem because no politician has the guts to take that big of a hit even if it’s necessary.
Go ahead and have a debate about the US economy. But with it has to be a debate on its relationship with the world and how to handle the foreign diplomacy involved with the interaction of what other countries bring to and take away from us and how to negotiate it. Zeroing in on one piece of a puzzle is not determining anything but what that part needs. Not why and how to get it.
wy69
Schiff sells gold.
Simple as that.
“Economist” Peter Schiff has a bachelors degree in accounting. Maybe you become an economist once you claim to be one.
He did reveal that he had better judgement than Art Laffer when it came to recognizing that there was a huge mortgage bubble in 2008. I wonder if Laffer ever paid off that bet.
It’s all about perception. You can point out that gas prices are dropping, true. Eggs are down, true, milk cost less true. But if people’s perception is that ‘things’ just cost more then none of that matters. Housing is too expensive as are cars. Drug price can be crippling especially for older people on fixed incomes. Clothing, least according to my wife, is way up from last year.
Bottom line it doesn’t matter who caused it, it matters who is in office and are they fixing it. Rather than doing his usual, “everything I touch is perfect” schtick, Trump would be better served to acknowledge the concern and place the blame where it rightly belongs. Then explain how his policies are making it better, but that it’s going to take time to clean up Biden’s mess and that electing the same democrats in 2026 who got us in this mess won’t help.
This is going to be a challenge for Republicans next year. The democrats think they have a winning issue and they, with the help of the media will do everything they can to make it a winning one.
“”His dad went to jail fighting the IRS and he is a wealthy investor.””
Was his dad the one who advocated stop the filing of tax returns - late ‘60’s, early ‘70’s???
In reality there were plenty of people who knew that we were in a huge housing bubble. You can probably find the FR group by searching for ex-Texan who kind of was the leader of the pack.
Here in SoCal USC economist Chris Thornburg warned about it long before it blew. SoCal was ground zero of the subprime lending industry and reporters were writing about the crazy lending. The Housing Bubble Blog website had been a gathering site for maybe three years. Peter Schiff and Michael Burry weren’t unique they simply have a talent for self promtion.
This would not go well for Schiff. Trump has destroyed one after another of the folks who challenged him and many of them are much more agile and experienced speakers than Schiff.
Has he predicted eight of the last one recessions?
Fannie and Freddy’s problem was one of too little capital. This didn’t have anything to do with the massive non-conforming lending by shadow banks,the credit default swaps, the misrated debt and the other craziness that was the actual problem.
“Housing is too expensive as are cars.“
Cars could be the thing that really pushes hard economically. People have given up looking at the total cost and only care now about the monthly. On top of that they rollover unpaid prior loans into new car loans. On top of that cars are WILDLY high tech and can be extremely expensive to repair. But people NEED cars to function economically. When they are underwater on a 3 or 4 yr old car and it develops a 6 or eight thousand dollar problem…what do they do?
Trump shouldn’t waste his time debating anyone.
“The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis”
That was a symptom, but they NEVER warned there would be a crash in prices, as Shiff, Me, and that Big Short guy did.
Bush and McCain saw the risks at the time but the Democrats refused to do something about it because they did not want to take away a program that was benefitting their voters.
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