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peter45

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  • Political Party:
    Democrat

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    Illinois
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    Waking up tomorrow.

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  1. An economy supported by massive BORROW AND SPEND DOLLARS, that will fall apart if the $1.4 trillion deficit spending is eliminated, because it keeps 47 million people employed at $30,000/year jobs.
  2. New economic records? A completely inflated stock market? Inflated with money that should have been paid out as dividends, but was diverted into stock buy backs? And executive bonuses that were paid out with stock, that was re-purchased with super cheap FED borrowed dollars? Unemployment? $1.4trillion deficit pays for 47 million jobs at $30,000/year. The economy is a pile of corporate crap, supported with BORROW AND SPEND dollars. Without the deficit spending, WE ARE IN A RECESSION.
  3. Austerity Reagan saw that people didn't like paying down the debt, so we got the BORROW AND SPEND economic philosophy. And now we are living with it, with no particular plan on how not to.
  4. All based on a BORROW AND SPEND economy, that will crash when the rest of the world decides not to lend anymore.
  5. The debt will be paid down with double digit inflation. The retired people will be screwed.
  6. Obama attempted to solve the crisis like a Republican would have, instead of like FDR did. The result was a pile of crap. And Trump is piling on the pile.
  7. Lots of people like to claim that they read minds. Then they can simply repeat their canned replies for stereotypes, that they heard on the radio.
  8. That is about 46 million jobs paying about $30,000 per year.
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