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If this is the strongest economy of all time why does the Fed need to cut rates to keep it afloat?

So strong you can pay $2k a month for insulin.
So strong you can pay for billionaires tax breaks.
So strong you can borrow $100k to get half as educated as your parents.
Unemployment so low, you can work three jobs and you still get to worry about making rent.

🙄🙄🙄

The economy is artificially pumped up on massive government spending, but trump’s trade wars and $22 trillion debt will bring it to a crashing halt. trump doesn’t understand economics so he's clueless.

The Fed does NOT need to cut interest rates during a "very good economy". trump is running another scam. Middle-class America is still losing jobs. Gas, food, prescriptions are very high. People are working 2-3 jobs just to keep a roof over their head and food on the table.

The recession is coming. The housing market has greatly declined in 2019. Mix that with rising housing prices and that will bring us a bubble again in 2020.

I wonder if America will lose its status as the superpower by the time trump is done and the creditors will start calling. i.e. China. Saudi Arabia.

I feel really sorry for the democrat who wins the election because he/she will have a much larger mess to clean up than Obama did.
windinhishair · 61-69, M
Democrats fixed Republican messes after Reagan/Bush 41 and then again after Bush 43. Democrats can do it again after the Trump mess is done.
daisymay · 51-55, T
@windinhishair But then they need to maintain and not fucking abdicate to conservatives. I weep when I think how much further along society could be by now.
windinhishair · 61-69, M
@daisymay We keep taking one step forward and then two back with Neanderthal Republican administrations. Yes, we should be much further along than we are, and in so many areas, too.
Saw an interview with Dr. Richard Wolff. He is a poster child for Ivy League education and counts people like Janet Yellen as class mates. He mentioned that he often gets together with them. He has friends who are right wing, centerist, and left wing economists like himself. He said the one thing they agree upon is that this is the worst the US economic situation has been in their lifetimes. Keep in mind these people are in their 60s.
ozgirl512 · 26-30, F
All true... And all paid for by borrowing from other countries ...
Harriet03 · 41-45, F
You are so right, the s*** will hit the fan soon!!
on a totally unrelated note - BS takes people to canada to buy insulane for 10% of the cost

the FDA says "oh no, we make people track their shipments and can account for every pill and drop of drug from manufacture to dispensing"

why is that better? are canadians dropping like flies from bad insulin?
Sicarium · 46-50, M
Damn, everything has to be a catastrophe for you people. Nothing can ever be good.

And good luck convincing voters the economy is as shit as you wish it were.
PTCdresser57 · 61-69, M
Sicarium...try finding one good paying job so you dont have to work 2-3.
Sicarium · 46-50, M
@PTCdresser57 Already did. And the unemployment numbers are great. That means a whole bunch of other people did too.

Keep reaching for the doomsday you want/need.
PTCdresser57 · 61-69, M
You hit everything on the head. All Trump did was cut taxes for the big buisness. That alone added 2 trillion to the national debt. I found out he benefitted from those cuts to the tune of 11-15 million dollars a year.
SW-User
This will be worse than a recession ...the bubble will burst ...we may turn out to be a huge 3rd world country 🤔
SW-User
The Democrat who wins the election. 😂😂😂
Lostpoet · M
@SW-User I read the feds just drop the interest percentage for the first time since 2008.
SW-User
@SW-User
[image/video deleted]
SWMae · 26-30, F
@SW-User

So you're predicting Putin will steal our election again?
Which country do you think that trump and his family will immigrate to in 2020 ?
windinhishair · 61-69, M
@softspokenman Whichever one will pay him the most, or the one he can steal the most from.
@windinhishair 🤔 Russia (unfinished business) MRGA and North Korea could both use a few Hotels, Casinos, and golf resorts.
windinhishair · 61-69, M
@softspokenman He always talks about how North Korea has a great, undeveloped coastline for hotels and golf courses.
MarineBob · 56-60, M
Maybe you should have started applying for scholarships during obumo eight years
daisymay · 51-55, T
@MarineBob How does that relate to the fact that the Orange Moron doesn't have a clue about how the economy works and that his actions have slowed down growth?

Slowed it down so much that it turns out his best quarter is 5th behind Obama's 4 best quarters, in fact. Maybe you saw they had to revise the numbers down? Oh wait, of course you didn't. They wouldn't have that story on the Orange Moron's propaganda outlets.

Now, how did that happen? How did he get his ass handed to him so badly by a minority? Do you have any guesses?
Jackaloftheazuresand · 26-30, M
I don't think you understand the economy
SWMae · 26-30, F
@Jackaloftheazuresand

Obviously more than you. Get back in school young man!
Jackaloftheazuresand · 26-30, M
@SWMae The only people struggling and having multiple jobs are people that would always be that way. Furthermore the national debt means nothing because other countries have the same and these are things that will never be paid because continued business is much more profitable.
SWMae · 26-30, F

 
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