Truth Detector (09-17-2019)
Truth Detector (09-17-2019)
Truth Detector (09-17-2019)
Truth Detector (09-17-2019)
Paul Krugman says President Trump is "in full-blown panic over the failure of his economic policies"
...“It’s fairly obvious,” the columnist explained.”Trump thinks that federal debt is like a business loan, which you can pay down early to take advantage of lower interest rates. He’s clearly unaware that federal debt actually consists of bonds, which can’t be prepaid (which is one reason interest rates on federal debt are always lower than, say, rates on home mortgages). That is, he imagines that the government’s finances can be managed as if the U.S. were a casino or a golf course, and it never occurred to him to ask anyone at Treasury whether that’s how it works.”
As to why Trump is in panic mode, Krugman suggests, ” While there’s no economic emergency, Trump apparently feels that he’s facing a political emergency. He expected a booming economy to be his big winning issue next year. If, as now seems likely, economic performance is mediocre at best, he’s in deep trouble.”
“Voters have noticed: Trump’s approval rating on the economy, while still higher than his overall approval, has started to decline,” Krugman wrote. “Hence the panicky demands that the Fed pull out all the stops. But while Trump realizes that he’s in trouble, there’s no indication that he understands why. He’s not the kind of person who ever admits, even to himself, that he made mistakes; his instinct is always to blame someone else while doubling down on his failed policies.”
As the economist sees it, Trump has put himself in a corner with his trade war and may have to do the one thing he never does: Admit he was wrong....
https://www.salon.com/2019/09/13/pau...icies_partner/
Isaiah 6:5
“Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”
Truth Detector (09-17-2019)
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