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....
Or, in other words, he's echoing me. Should I send him a royalties bill?
....He insisted that he would be able to get rid of the nation’s more than $19 trillion national debt “over a period of eight years.” [emphasis added]
Most economists would consider this impossible because it could require taking more than $2 trillion a year out of the annual $4 trillion budget to pay off holders of the debt.
Exactamundo - especially given his other purported fiscal pronouncements.
Which brings us to Quote #2:
Trump refuses to cut entitlements, the key long-term driver of America’s exploding debt, so he’d have to produce this magical $2.5 trillion in annual savings mostly via new revenue. But his tax plan promises a big tax cut across the board, leaving the source of that new revenue a mystery. You can increase revenue without raising taxes by growing the economy, but the economy would have to grow at a massive rate sustained over eight years to produce the type of surplus he’s imagining here — and Trump himself is predicting a giant recession to come if we stay on the course we’re on.
Which, as a liberal Democrat, is precisely where he would keep us.
The magic bullet that’s going to solve all this, apparently, is electing him president and letting him fight a trade war with [Red] China that’ll supposedly bring back jobs and kickstart growth … except that a trade war is far more likely to do harm to the U.S. economy than good.
This is what it sounds like when he’s in “catering to the Republicans” mode, though. As the man himself said elsewhere yesterday, “if I win, all of the bad things happening in the U.S. will be rapidly reversed!” That’s the populist/nationalist version of Obama telling liberals that electing him would be remembered as the moment the rise of the oceans began to slow. [all emphases added]
In a phrase, Donald Trump is utterly, totally, and completely full of shit. And Trumplicans have become hardcore metaphorical coprophagiacs.
The Donald is, indeed, your version of Barack Obama. Which means he'd be as big a disaster as president as his predecessor. But you'll delusionally convince yourselves of the precise opposite and vilify anybody who gives you any reality check, just like Obamunists have been doing for the past eight years. Which used to insanely piss you people off.
The difference being that the Obamunists knew what they were getting in the Chicago communizer. Trumplicans, on the other hand, have no freaking idea.