Posted on 08/24/2015 8:09:08 AM PDT by Hojczyk
Investors and financial journalists scrambling to find an explanation for the recent plunge in global stock markets have plenty of suspects.
Some look abroad for scapegoats: Greece or China. Others blame Janet Yellen: the Federal Reserve she chairs is at long last on the verge of raising interest rates, if only slightly.
Personally, I blame the decline in share values on Donald Trump.
On immigration, Trump has made a name for himself as the restrictionist candidate. Yet scholars describe increased immigration as an engine of economic growth.
The last time America slammed the immigration door shut, in 1929, with the implementation of President Calvin Coolidge’s great mistake, the Johnson-Reed Act of 1924, a stock market crash and the Great Depression followed.
By contrast, the Kennedy round of tariff reductions and the North American Free Trade Agreement and GATT/WTO tariff reductions helped make the 1960s and 1990s times of widespread prosperity. Trump would turn us back to protectionism.
(Excerpt) Read more at newsmax.com ...
It’s too late to use Bush’s fault and too early to use Trump’s fault.
But given who’s in charge currently, the liberal media has no other options.
As Ronald Reagan would say, “There you go again!”
The fact this rectum is a Harvard economist is proof that he is full of left wing bs.
There will be a quick recovery and another downturn, repeated by the same at various intervals until the big one hits.
Casino owners have long known that variable interval reinforcement will suck a gambler into continuing their play until they lose all their money. In other words, the more fluctuations that occur (alternating wins and losses with variable intervals) prior to the big collapse the more suckers will ride it to the bottom.
That’s why there is a chance our next president will be a casino owner!!!
This is the first time I have ever heard Calvin Coolidge get blamed for starting the Great Depression. I’ve always read that Hoover was to blame for signing the Smoot-Hawley Tariff bill and then raising taxes when the economy began to dip into a recession. After Hoover was bounced from the Presidency, FDR then turned what would have been a run-of-the-mill recession into a depression by expanding the administrative state to the point that the private economy stuttered to a standstill.
Economic growth is easy when you keep charging the national credit card to fund it and pay the illegals bennies on the taxpayer’s dime that the “growing” companies don’t have to cover themselves. Until you’re Greece.
“It’s all bushes fault”......
Six years after Obama was sworn in the first time, it’s still Bush’s fault.
17 months before Trump is sworn in. It’s already Trump’s fault.
http://reason.com/archives/2015/08/03/wealth-of-candidates-emerges-as-campaign
The complicated political dynamics between rich presidential candidates and poorer ones far predate the 20th century.
Ira Stoll | August 3, 2015
The guy is pretty conservative if you google him
He might be a Walker fan
Ira Stoll on Scott Walker’s Brave Stand Against Big Labor
http://reason.com/blog/2015/03/09/ira-stoll-on-scott-walkers-brave-stand-a
Exactly!
I was leaning toward blaming global warming but blaming Trump makes more sense.
Faked peer reviews prompt 64 retractions
Experts & scholars agree: If you put 'Experts' or 'Scholars' agree, people will believe ANYTHING!
The media will retire the word “unexpected” in terms of economics if Trump is elected.
so this is the Facebook crash because facebook wants more H1b visas...
Obama’s socialist recession was obvious to all however he and his supporters still claimed that the proof of his success was with wall street and the great market returns under Obama.
Now, he has nothing to use to support his mirage given the domestic and global collapse in both the economy and the loss in the war on terror.
I blame heroin for the inane and stupid conclusions generated by Mr. Stoll.
Trump Derangment Syndrome at its finest
Can’t wait to hear what Trump knows about this jerk
Wow, I didn’t realize Trump is even more omnipotent than Teh WON, who, you know, can wave his hands and oceans will recede.
All these forces churning for years to come to a head at this point with regards to market crash (’correction’) can be laid at Trump’s feet.
Swell!
LOL....thanks for pointing out that this fool author is a Reason.com, Paul pushing troll.
NO THANKS!
Author is a TrumpTroll, from Reason.com. (Paul pusher)
NO THANKS!
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