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Thread: Toilet Tweet #2 & 3...what a morning of ignorance

  1. #1

    Toilet Tweet #2 & 3...what a morning of ignorance

    China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge. As usual, not a level playing field...
    ....The United States should not be penalized because we are doing so well. Tightening now hurts all that we have done. The U.S. should be allowed to recapture what was lost due to illegal currency manipulation and BAD Trade Deals. Debt coming due & we are raising rates - Really?

    Where does one start with this load of garbage? How can our President be this ignorant?

    The US President is accusing the EU of manipulating its currency? Interesting. Let's ignore the obvious stupidity of (once again) attacking our allies and just point out the basic fact that the Euro is a free floating currency. So the President is wrong.

    China is manipulating its currency? Ok...China can manipulate its currency...and it is. It is trying to keep it HIGHER as they have a debt problem right now and need cash to flow in not out of the country. So the President is just wrong...again.

    A strong dollar is exactly what our incompetent President's chief economic advisor has spent his entire career on TV advocating for! A strong dollar is not bad and reflects the strength of our economy. Dollars are flowing into the US...and buying the extra tons of bonds we are putting on the market due to the insanity of tax cuts and spending increases.

    Tightening now does not "undo" all that has been accomplished since the end of the Great Recession. It reflects the fact that the economy can stand on its own.

    Our debt "comes due" every week...we are constantly issuing new bonds to replace maturing bonds and to cover the difference between federal government spending and revenue. That difference was made terribly worse by the actions of this President and the Congress...and it was made terribly worse at a completely inappropriate time.

    Yes, higher interest rates will impact the US' annual cost to service the debt (our total interest payments). Again, this is an area that our incompetent President and the R's in Congress have promised to tackle. Instead, they made it much, much worse.


    (Let's go see what else this buffoon has sent out this morning!)

  2. #2
    Quote Originally Posted by transporter View Post
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    You poor ting.
    "I've got to start eating at home more" - J. Dahmer

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