Dow up almost 1500

I think Trump has already been convinced that defaulting on the debt would be a bad idea although I guess the reason that Donald "six bankruptcies" Trump floated the idea was when he thought that he could run the government the way he ran his private businesses. I'm also not sure that he could get away with the across the board tariffs on imported goods since something of that nature would require legislation and that could be one of the rare instances in which Congress would refuse to go along with his proposals. He could unilaterally impose selective tariffs in response to unfair trade practices and dumping and maybe when national security is an issue but a blanket tariff could be a step too far. On the other hand Congress did enact the Smoot Hawley tariff in 1930 back when America was Great.

 

You should inform the investors who moved >$3 trillion into U.S. stocks today about this. Hell, I bet they don't even have analytics and data on this stuff. You could probably make a killing with the sage advice.

 

I simply offered facts, not advice, to the discussion here. The markets have become casinos now and are not my concern. I leave that to Warren Buffett who controls any money I have in the market. I have long quit worrying about making any more money. I have more than I need. Thank you.

 

It's going to be so nice to have money really mean something again and to have far greater wealth. The economic malaise of the last 5 years is coming to an end!

My own wealth with the stock market has gone up nicely since the Election.

 

You don’t even have to that far back… markets under Trump underperformed Obama, Clinton, and Biden at this point….

The historic problem with republicans is they try to juice the economy at the beginning of their terms, burn out, and have a recession or a crash. It’s true of every Republican since Reagan, at least.

There have been 5 recessions and 3 major markets crashes since 1980, and every single one of them have started while a republican was president.

 

Add wealth inequality to their credit which is why I find Republican complaints about "socialism" and wealth re-distribution ironic.

 

Republicans aren't opposed to wealth redistribution they just favor redistributing even more wealth from middle class and working class Americans to the top one percent of the top one percent.

 

Looks like the Pubs like the economy again!

When will republicans claim the economy is booming? | Swamp Gas Forums

 

I hope I’m in that top 1%. I could use some redistributed money

 

More like to the top one percent of the top one percent or putting in another individuals already in the top 99.99 percentile in terms of wealth.

 

How exactly did Trump bring about a calamity during his first 4 years? Are you saying he's to blame for Covid?

 

As a government employee, I guess i won’t fit in that

 

My dad gets more not working with his government pension than my son gets paid as a doctor. - a bit misleading since he's only a resident but still.

 

Not sure how your dad gets more retired than when he was working. I can see his pension being more than his take home pay was but that’s comparing apples to oranges