Your apology for the upcoming Biden recession is accepted.

HockeyDad wrote:

Frank - don't read the Rayra drivel - He is an idiot.

tonygraz wrote:

You should really try to unite with Ray better... 😳

DrafterX wrote:

Drafter just likes to watch.

rfenst wrote:

most certainly there are effects.
Far less than what Presidents take credit for, and far less than what they get blamed for, yet their policies are not mutually exclusive from what the controllers of the markets do.
Pretty sure you are one who does know not to confuse the economy with the stock market.

But no cycle goes forever.

frankj1 wrote:

Quite so, I don't confuse the economy with the stock market as it is in modern times, which is a gambling casino, i understand the Austrian Business Cycle Theory, excessive bank credit stimulated by artificially low interest rates and money printing always leads to bubbles and busts.

Trump seemed to understand that in the 2016 campaigning years, which is why he criticized the Bush/Obama years and the FED policies, but the swamp surely convinced him as POTUS that the quickest way to popularity in the peoples eyes was the progressive way, inflate one big bubble and call that a thriving economy and hope it doesn't blow up before leaving office.

Unfortunately Rona was the unforeseen pin with the idiotic lockdown mentality that busted the bubble. Predictably, the usual political response was to quickly as possible inflate the bubble again, pressure the FED to keep interest rates at or near zero and print money out of digital thin air for stimulus spending to mollify the proles somewhat and re-inflate the stock market bubble.

Biden is a bigger idiot than Trump having the advantage of 47 years of progressive mental decay in the swamp. Biden's Keynesian economic policies will be just Trump's Keynesian economic policies on steroids. Now it's Biden's bubble to burst and all the evils that will fall on the people will be on him.

RayR wrote:

can't disagree entirely, but...

one day you say he drained the swamp, the next you use it as an excuse for Trump failing to change the norm.
He blasted everyone in his way about interest rates, so like most things Trump, his claims of being the only one who could fix things was a massive bluff told with enough testosterone that devout cons found it comforting. Did they all forget his real business record?

frankj1 wrote:

the Austrian Business cycle was discredited nearly a century ago, with the world adopting the Keynesian Economic model...most modern economies have that as a foundation...

I do agree with part of your last paragraph, though: it describes the fallacy of those believing Trump was competent to be POTUS and voted for him..."you can run government like a business"... Trump proved that is false...but he did try to run government like organized crime...an utter failure...

True government aspires to appoint the best qualified person, the merit system. It works well in most places, especially at the higher levels of government, where hiring practices are regulated. Biden's nominees appear, so far, to follow the merit approach...

much more so than Trump's...remember Rick Perry famously saying, "WTH, I manage the nuclear arsenal?"

delta1 wrote: