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Title : Will economic mismanagement bring down the stable genius?
link : Will economic mismanagement bring down the stable genius?

Will economic mismanagement bring down the stable genius?

Tweets from Kurt Eichenwald:

When u cut taxes in a strong economy, raise inflationary pressures. So..higher interest rates. In anticipation, market drops. Mortgages cost more. If this is not a correction, this is what is happening. Go back to days be4 tax cut passed: its what i explained would happen

when u add on top of unnecessary tax cuts in a strong economy, then a high budget, you create unquestionable push to inflation. So enjoy your pennies from the tax cut. You'll pay dollars on mortgage and fall of house value if this recklessness continues

For the willfully stupid, here is an economist: Mark Zandi, chief economist of Moody’s Analytics: “Deficit financed tax cuts and spending increases in a full-employment economy will result in more Fed tightening and higher interest rates.” WHICH..kills the middle class.

Cutting taxes and running massive deficits at a time of full employment is economic suicide. If u want to sell your middle class house or refinance, do it NOW. The pennies in tax cuts will disappear in dollars of housing losses. But the rich still do fine. Gee, what a surprise

You cannot cut taxes on the basis of zero economic theory. When it runs counter to all economic knowledge, you don’t have a fiscal policy. You have piggish donors for whom billions is never enough.

Tax cuts are supposed to be a stimulus. (Obama's stimulus was mostly a matter of tax cuts, although most Americans refused to believe that he had, in fact, cut taxes.) You do not need a stimulus of any kind at a time of full employment. Full employment is the time when you try to get out of the red.

That is basic Keynesianism: You run deficits during the bad times as an emergency measure, to get the economy moving again -- and you pay the money back during the good times. Seems reasonable, right? Yet the Republicans always insist on doing the reverse.

And now, a word from the stable genius:

This, from the man whose sole accomplishment was a massive tax cut (mostly aimed at the wealthy) which is projected to increase the deficit by $1.5 trillion dollars.

A final note: As noted above, Obama cut taxes, yet most Americans thought that he raised taxes. Obamacare decreased the number of uninsured, yet most Americans think that the number of uninsured went up. At last polling, the number of Americans who think that Hillary Clinton should be investigated for imaginary ties to Russia (68%) is substantially larger than the number of Americans who think that Trump colluded with Russia (47%).

How can there be any hope when we face an enemy who possesses the power to rewrite reality itself?

Thus Article Will economic mismanagement bring down the stable genius?

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