5 Ways Trump Would Blow up the Economy | Robert Reich

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BB

Trump knows more in his small nail about growth economic requirements than Reich knows in his whole body.    So sprading of BS is funny but far too repetitive,  

Theoretical  far-left academics are dangerous when they have the opportunity to implement and normally made  total disasters in implmenting anything/    Their ideas are being driven by deapseated believe in totalist control by the State of  the economy/

Musk found out what is going on in the USA and he does not like the present situation and with good reason - so Musk  is a 100% wiser person to listen to rather than Reich.         .       

https://www.forbes.com/sites/stuartanderson/2021/05/20/trumps-tariffs-were-much-more-damaging-than-thought/

https://edition.cnn.com/2024/09/09/politics/fact-check-trump-vance-tariffs/index.html

https://news.harvard.edu/gazette/story/2024/03/larger-lesson-about-tariffs-in-a-move-that-helped-trump-but-not-the-country/

Btw oom, take Mpower's advice re the CBD oil ................. it'll improve the appetite & help with the sleeping................... although you'll probably still make kak political choices.

BB

I hink carfully when choosing between facts and propaganda BS.   The fact is that as an Adisor on Education Finance in he period 1978 to  1983 I learned and supported one thing of importance - never support the oncept of loans to fund  opeational expenditure and the use of loan funding should be restricted tocapital invesment projects that will whe implemented cover the cost of interest and capital replacement and hopefully will resrict loan funding for that purpose.

Some countries are careful usage of loan finaced projects in budgets like the case is in Germany and impemeted the policy mentioned, with loans not exceeding 3% of the German GDP.   However , the leftists economists do not support the concept and US Loans amounts to 128% of the USA GDP,    For example the USA Government got its priorities on loan funding of projects on ideological political basis and  not  on a real businss basis,   Take for example  he question of energy funding spen money on green prjects and reject development of nuclear power projects - a proven and safe method of funding.returns.   

Using loan funding has extreme negatives - it represent a situation where inflation is  major neative factor like expansion of the buraucracy to implement Government directives as the means to expand govenmen control of he economy.   At he same time Govnment spending is not covered by having controls over for instanc the US Dfense forces - which sice 2003 have nt been audited and open to uncotrolled and negative Government spending.   In the USA the culture of endless wars has become a norm in the USA loved by the Army command and lead to situatins where fruitless Govenment.      

So if the Biden-Harris system continue to be used the loan amounts increased by $10 trillion durng the past four years is now a battle between the Republican Party and the Democratic Party.  and approval of Government spending is th cornerstone of those diferences,   The Democrats wants no cotrol over loan financed Government programes are spend - while the Republicans  beleie Govnment spending should be based on the proven policies of  past, while the Democrats beleive in spend, spend and spend which in the end will only be negative for every USA citizen.

The scare stories of  leftists never urn into reality - while in reality their idealogy-based  ideas will end up being the result of their own policies will end up infuiless exxpendiure causing he hazards they accuse of Trump of going to happen is cetainly be the result of thir own ideology appraches,    

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