What happens with the Left, Corporate America and Trump urging the Fed to keep the gas pedal floored on money printing?

@therighttothink50 Don't just blame Obama. This all started when Republicans adopted the fraud of supply side economics and Cheney famously said [i]"deficits don't matter anymore."[/i]

@beckychandler [quote]Don't just blame Obama[/quote]

Your boy added more than all previous presidents combined.
I blame Obama.

@Budwick [b]"My boy" -- ???? [/b]you don't know me very well. But this question was not really about fiscal policy so much, but monetary policy -- the policy of our economic politburo, known as the Federal Reserve.

There is not monetary "Keynesianism" or emergency "quantitative easing" anymore, it is a continuous policy of injecting liquidity and cheap money into the system.

@beckychandler So, what's your point?

@Budwick [i]"If it were this easy, mankind would have solved the economic problems a long time ago.” [/i][b]~ James Grant[/b] [c=#BF0000]https://tinyurl.com/yyswa8x2[/c]

@beckychandler Your point is that economy issues are difficult?

Thanks for pointing that out.

Your boy handed Obama a financial crisis. And the way out is with deficits.
And what excuse does your real boy Trumpiekins have for increasing the deficit when he inherits an expanding economy?@Budwick

@monte3 [quote]Your boy handed Obama a financial crisis.[/quote]

One Obama was ill equipped to deal with.
Bush screwed up with his bailouts.
Obama screwed up on everything.

Yes, the deficit (which was no problem for the left during Obma's tenure has increased under Trump. Congress spends like a drunken sailor. They're also not so supportive of Trump.
Fortunately, GDP is strong - but the trillions will take generations to fix.

One I disagree with everything you say, as is normal. Letting the banks die one by one was the cause of the Great Depression. Bush and Bernanke should get credit for the courage not to let everything slid over the edge. I am happily and comfortably retired because of those and 5he extreme measures, such as the stimulus and quanative easing. The economy was perking when Trump took over. The deficit was no problem during the recession because than it IS the right policy.@Budwick

[quote]The deficit was no problem during the recession because than it IS the right policy[/quote]

Deficit under democrat - good.
Deficit under republican - bad.

Monte, smart.
Budwick, dumb.

We can learn so much from you!

I am in complete agreement with the statement: Monte smart, Budwick dumb. 😊. And no the situation IS that when the economy drastically contracts, as it was doing in 2009 and 2010, deficits naturally grow as revenues shrink. Plus increasing spending, as the 800 billion stimulus package did, was an attempt to restart the economy.
Your arguments seem to be that both Bush and Obama should have let the economy collapse, but that Trump should get all the credit for the growing economy he inherited. And the deficits that his tax cut, for corporations and high incomes primarily, are either not a problem or are someone else’s fault.
@Budwick

@monte3 What Bush and Obama did were cowardly and non productive.

What Trump did was the opposite of that.

Ok why was taking action to solve a problem cowardly? And in the name of all that is sane, how is giving a tax cut to yourself and the 10% brave?

@monte3 [quote]taking action to solve a problem cowardly[/quote]

They were inactive.
They paid off the ones that caused the problem!

Giving a tax cut to virtually everyone worked - even though 'leading economists' said it was lunacy.

@Budwick I thought deficits were bad? Only for Democrats I guess. They were NOT inactive they, and even more the Fed, took steps.
“Paying