Posted on 04/02/2016 9:44:06 PM PDT by GilGil
Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts.
The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets.
“I know the Wall Street people probably better than anybody knows them,” said Trump, who has misfired on such predictions in the past. “I don’t need them.”
(Excerpt) Read more at washingtonpost.com ...
I do not get how 21 trillion in debt, with an upcoming serious recession, is going to be eliminated.
Fedgov defaulting is not an option.
Probably not. So much of the budget is non discretionary funding that cannot be decreased. Things like military are and would need to be nothing to dent the deficit.
How did his companies go bankrupt if he always balanced his budgets?
“a distinctly gloomy view of the economy that counters mainstream economic forecasts”
Who is mainstream? I’m just a nobody and I’ve been reading there are desperately bad economic times ahead...
Co-author of this article, Robert Costa, used to be the chief political correspondent at National Review.
Today, Costa is helping Bob Woodward write editorials at the Washington Post!
Perhaps this will help people understand why the Republican Party is collapsing?
That is correct in the external debt - and that would take about $1 Trillion surplus per year.
But Trump has no specifics and relies on the growth that his trade deals would produce. This is mathematically impossible.
Trump: Get Rand Paul to explain the Tea Party budget to you.
The biggest way to save money is to do away with entitlements. However that’s the easiest way to lose the congress in 2018. There are no easily fixings for sure.
I bet he could do it—Lets give him a shot! Can’t be worse than what we have now.
He’s the ONLY ONE focusing on the national debt, and here you are trashing the guy.
SickOfLibs, I like you, but good grief, why are you trying to belittle him and not praise him?
I have seen a number of people I respect here lose all perspective this year.
You don’t want the national debt reduced or eliminated?
On the other hand, the "Stop Trump atall Cost" folks haven't a clue to wonder why the folks that railed against Cruz in the beginning are now firmly on his side to stop trump - the MSM has now made Cruz's vendetta their own vendetta. Are Y'All so naive as to think they actually decided they love "Uber Conservative/Radical Right Wing/Bible Thumping" Cruz now? They want to help him do what they couldn't do - stop Trump from winning the requisite delegates. Once that is accomplished, nobody can be declared as winner and Cruz can be disposed of too - they all would rather Hillary than a Trump or a Cruz and our side is helping the hard left - again....sheep to the slaughter and celebrating along the way.....
First step...get rid of the Federal Reserve. Probably 90% of the debt they’ve incurred is not even ours. It’s been a thieves paradise for 103 years.
A 20% across the board import tariff balances the budget tomorrow.
——he felt the pull.——
Or in other language..... he felt the call
Donald Trump is called to the Presidency
Always? How do you explain the four bankruptcies?
the bankruptcies are irrelevant to all but the unwashed ignorati
And levels the playing field with countries like Germany who use their VAT tax as a tariff on U.S. goods.
Yes ahh bankruptcy is the way one settles a budget that is beyond fixing rather than continuing to spend spend spend and go deeper into debt forever. Which is something we need in Washington DC.
Remember: "The difference between a master and a beginner is that the master has failed more times than the beginner has even tried.” Every successful businessman I know has failed at business many times in his life some all the way to bankruptcy. Business bankruptcy is not something to be ashamed of. It means you tried and failed. Most Americans could not start and run a successful business if their lives depended on it. I've been in business since I was 17 and came close to bankruptcy twice. I was lucky enough to keep it out of court and settle my affairs without the legal eagles and only because those involved knew they were getting a better deal than the courts would award.
Trump has knowledge about financial affairs that these Politiclowns like Cruz and Kasich and Sanders and Clinton will never acquire.
I’ve heard for decades presidential economic policies have an approximate seven year lag-time before taking affect on the national economy.
If true, we may be in for some really deep excrement.
In business there is no such thing as too big to fail.
Things either make sense profitably or they go bankrupt and there are two kinds of bankruptcies reorganization and straight liquidation. Bankruptcy does not always mean closing the doors. It just puts creditors on hold until things can be figured out.
Trump fixes his messes and creates more.
Government does not. Government creates bigger and bigger messes. Everything is too big to fail and the answer is money printing. In business you do not have that luxury.
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