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EELECTION NIGHT 2024 THREAD...Comment on Election Returns Here!!!
(11-08-2024, 04:57 PM)SEKYFAN Wrote:
(11-08-2024, 12:56 PM)Hoot Gibson Wrote:
(11-08-2024, 11:59 AM)SEKYFAN Wrote:
(11-08-2024, 05:16 AM)Hoot Gibson Wrote: I just watched Allan Lichtman's meltdown following Trump's win. He missed his prediction so badly, maybe the media will stop treating his predictions seriously. I mean, is picking 9 of 11 elections that great? He thinks he is 10 for 11 because he claims Gore was robbed. 

Dr. Lichtman is grieving because he thinks young people are facing a dismal future because Trump won.

Economists and investors believe Trump’s policies will be inflationary because tax cuts will likely force the federal government to issue more debt, Sturtevant noted. If that happens, the government will have to pay more to attract investors. His promises to enact tariffs on imported goods will also increase prices.

Young people likely are facing not what I would call a dismal future, but a difficult one financially if the Federal deficit continues to grow.  We may need someone with fiscal beliefs like Rand Paul to fix it, although time may be running out.

One day after Donald Trump’s election victory, investors sent bond yields sharply higher. The “Trump trade” is likely to keep rates for home loans rising, despite the Federal Reserve's Thursday rate cut, experts say.

Rates aren’t likely to reverse course any time soon, said Bright MLS Chief Economist Lisa Sturtevant in emailed comments.

“Trump’s fiscal policies can be expected to lead to rising and more unpredictable mortgage rates through the end of this year and into 2025,” she said. “Bond yields are rising because investors expect Trump’s proposed fiscal policies to widen the federal deficit and reverse progress on inflation.”
I'm sure that liberal Democrats are very concerned and pessimistic following Trump's resounding victory. I don't know if you're old enough to remember this country's struggle with inflation in the 70s and 80s, but it is not easy to bring it under control once it gains momentum. The economy was already slowing down before the election, but Kamala Harris' proposals to deal with inflation were idiotic.

I expect that people like you will attempt to blame the current state of the economy on Trump and then claim that his efforts to fix the problems that he will inherit are making things worse. 

Price gouging is a bogus issue in the grocery business. The sector has plenty of competition and profit margins are slim. Nixon tried freezing wages and prices and failed to bring inflation under control. 

Trump has proposed fighting inflation and declining real wages very much like Reagan did. Deregulate as much as possible and lower energy costs. Liberals ridiculed Reagan, but his approach worked. 

While you continue looking for reasons to justify your vote for the worst presidential candidate in history, I suggest that you honestly consider the chances that a candidate who spent more than a billion dollars on campaign ads, paid endorsements, celebrity appearances, and concerts, and still lost by a landslide margin would have succeeded by repeating Nixon's mistake with the economy.

I give you credit for persistence, but Trump has a plan that will be executed next year and he has smarter people than either of us advising him on the details.

1. So your not worried that the deficit is likely to increase substantially if taxes are cut?  Trump & Biden are the 2 worst Presidents at contributing to the deficit.
2. Your not concerned that eliminating taxes on tips, overtime and social security payments will not bankrupt the Social Security System much quicker than it's projected as of now.  How is that revenue that funds  social security going to be replaced? 

These are not my political views, I had serious questions how the Dems would do some of the things they promised without also skyrocketing the deficit.  These are the views of economist who made these statements after the election, so they are not really politically motivated as well.  

Trump's promises sound a whole lot like the Democratic playbook from the past, promise everything to everyone.  Instead of spend, spend and spend that the Dems favored, his is cut, cut and cut without any regard for the consequences for the average American. 

The deficit is getting out of control, from both Biden and Trump policies and it will bring our economy to it's knees eventually, although it may be 5-10 years down the road, so those two don't really care since they won't be around to face the music.  Someone has to have some fiscal responsibility and balance the dang budget, and I don't see a path towards that from what I have heard promised so far.
The deficit has been out of control for a very long time. Only one candidate promised to reduce spending by slashing government spending. You voted for a candidate who only promised more spending and who also promised to eliminate taxes on tops. It sounds disingenuous for a Kamala voter to sound so concerned about the deficit. She raised $1 billion dollars for her campaign and ended the campaign $20 million in debt. Do you really believe that there was any chance at all that the deficit would have been less under Harris than Trump?

I am very skeptical that either party has the political will to takes steps to stop interest on the national debt from crushing our economy. But I know beyond doubt that Elon Musk has an IQ that is at least double Kamala's IQ. I like the odds of him making a dent in the budget deficit over Kamala's chances. I'm not too confident that Congress will go along with all of the structural changes that Musk will recommend, but eliminating the Dept. of Education would be a great start.

It is hard for me to believe that anybody concerned with federal spending would vote for Kamala Harris.
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RE: EELECTION NIGHT 2024 THREAD...Comment on Election Returns Here!!! - by Hoot Gibson - 11-08-2024, 06:09 PM

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