WOODWARD: Trump plan to eliminate federal debt, "print money"! COHN was stunned

DS #39
Godwin's Law:
A term that originated on Usenet, Godwin's Law states that as an online argument grows longer and more heated, it becomes increasingly likely that somebody will bring up Adolf Hitler or the Nazis. When such an event occurs, the person guilty of invoking Godwin's Law has effectively forfeited the argument.
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I thought Godwin's law referred to moral equivalency use.

But I nearly mentioned the Weimar Republic example myself. Not out of pique.
But because it's the obvious economic example.

I'm not sure EVERY reference to Hitler triggers Godwin's law. In this case it seems relevant to me. Not a moral equivalency.
 
Fuck Goodwin's Law.

Donald Trump is a dictator wanna-be who is operating very similarly to the way Hitler operated. The major differences between the two is that Hitler was much more intelligent...knew more about international affairs...and HAD MORE CLASS.

The comparisons of Trump to Hitler are reasonable, appropriate...and necessary to a reasonable conversation about the abomination.
 
This is the Modern Monetary Theory (MMT) that Bernie supporters. Since we control the printing press we can print all the money we would like and deficits don't matter. Thus we can fund health care, free college etc.

I'm not sure how many Bernie supporters are aware of this but it's what you back.
 
Centerleftfl said:
I was a fucking PSYCH major even I KNOW this leads to INFLATION! Did I think TRUMP was full of shit when he made the claim about how well and cleverly he used DEBT? Oh hell yes. I LAUGHED. Unless, of course, going bankrupt x 3 or 4 is 'managing debt' well. (Call me crazy, but when I think about managing debt it includes PAYING IT OFF too).

Imagine Cohn's surprise when TRUMP said this.


[FONT=&]Trump's plan to help eliminate the federal debt was to print money: Woodward book[/FONT]

BY ARIS FOLLEY - 09/11/18 01:56 PM EDT 139

Trump's plan to help eliminate the federal debt was to print money: Woodward book

President Trump allegedly suggested to his chief economic adviser last year that the government should print more money to help eliminate federal debt, according to an excerpt from Bob Woodward’s new book.

The veteran Watergate journalist wrote in his new book — “Fear: Trump in the White House” — that Gary Cohn, the now-former top economic adviser, told Trump that the Federal Reserve was likely to increase rates during his first term in office, in an excerpt first reported by Business Insider.

“We should just go borrow a lot of money, hold it, and then sell it to make money,” Trump reportedly said in response.

Cohn was “astounded” by the president’s response, which he reportedly said illustrated a “lack of basic understanding” about how federal debt works.

Trump, who was the president-elect at the time and had promised to wipe out U.S. debt in eight years, reportedly offered a solution: “Just run the presses — print money.”

Woodward wrote that Cohn then went on to explain how printing more money is thought to lead to inflation and could be catastrophic for the fiscal health of the U.S....


Trump's plan to help eliminate the federal debt was to print money: Woodward book
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So Bob Woodward is the lefts new hero :rofl2:
First it was Comey, then Amorosa, then the porn star, now Woodward, and some anonymous op-ed
You guys are easy

who's next? I hear whoppi is writing a new book

:rofl2:
 
Hello tinfoil,

tinfoil said:
I know I was taught inflation would result. But who knows where that wisdom comes from and if it's indeed true? Obviously the government has to decide how large to make the money supply. And obviously they must grow that size to meet the demands of an ever increasing population. It's really not clear. We all watched them raise the debt ceiling when Obama was in charge. Back when Cheney said deficits don't matter, the liberals freaked, but a few years later they were calling people knuckledraggers for suggesting we not increase the debt ceiling. Partisan economics is pretty easy to figure out. What's the real truth? If we don't know the optimum money supply, we could be stifling ourselves.
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It's not like these decisions were taking place in a vacuum. Obama had no choice but to increase the debt ceiling to deal with the wrecked economy partially caused by the debt from the needless war in Iraq.
 
Hello hvilleherb,

hvilleherb said:
What the Hell is wrong with Democrats? Trump is working on a solution to the debt problem and Dems play the obstructionist role as usual.
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SOLUTION???

He CAUSED the deficit hike with the tax cut. That reduced revenue as he also increased spending. The math doesn't lie.
 
Hello Micawber,

Micawber said:
I guess the theory is to make the US appear to be such a poor credit risk that our currency is valueless and he can renegotiate the debt
on better terms as he did in his own personal situation of failure and renegotiation with his many secured creditors with UCC 1 all over every asset he pretended he owns.
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Oh OUCH. I hope not.

But it sure does look that way.
 
PoliTalker said:
Hello hvilleherb,



SOLUTION???

He CAUSED the deficit hike with the tax cut. That reduced revenue as he also increased spending. The math doesn't lie.
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you have already been recused from any legitimate conversation
the coward who makes threads and bans conversation from members who debate

so take your sorry ass into your own threads, what you say is meaningless drivle here
 
Getin the ring said:
So Bob Woodward is the lefts new hero :rofl2:
First it was Comey, then Amorosa, then the porn star, now Woodward, and some anonymous op-ed
You guys are easy

who's next? I hear whoppi is writing a new book

:rofl2:
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they are witnesses idiot not heros


and they are all still going to be testifying
 
cawacko said:
This is the Modern Monetary Theory (MMT) that Bernie supporters. Since we control the printing press we can print all the money we would like and deficits don't matter. Thus we can fund health care, free college etc.

I'm not sure how many Bernie supporters are aware of this but it's what you back.
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link
 
PoliTalker said:
Hello tinfoil,



It's not like these decisions were taking place in a vacuum. Obama had no choice but to increase the debt ceiling to deal with the wrecked economy partially caused by the debt from the needless war in Iraq.
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and the deregulation of the banking system


both caused by republicans and built on lies
 
cawacko said:
This is the Modern Monetary Theory (MMT) that Bernie supporters. Since we control the printing press we can print all the money we would like and deficits don't matter. Thus we can fund health care, free college etc.

I'm not sure how many Bernie supporters are aware of this but it's what you back.
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I'm sure that is exactly what he said. I trust you implicitly when defending socialists from attacks, even when you create the attacks yourself.
 
Micawber said:
I'm sure that is exactly what he said. I trust you implicitly when defending socialists from attacks, even when you create the attacks yourself.
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You mean to tell me in your limousine liberal circles you've never heard of Stephanie Kelton and MMT?
 
Centerleftfl said:
Think about it. He ran his businesses into the ground what the late 80's and some banks were so leveraged they did low interest or no intetest loans and forgave MILLIONS. Wasn't that part of HIS bailout deal? Maybe he thinks the US govt. can go bankrupt too.
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Another fact-less post; you are quite good at avoiding them.

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