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  1. Njustmike

    Pro Business?

    I think the Republican revision of history is comical. You'd think "Pro business" would reflect in the stock market market. Take a look at the data. https://www.macrotrends.net/2481/stock-market-performance-by-president By performance, over 8 years, the order of the last 4 two term Presidents is Clinton, Obama, Reagan, Bush Jr...What about less than 8 years? It goes Ford, Bush the 1st, Trump, Carter, Nixon. Trump has implemented policy that has failed historically, ie tariffs, and as they roll out the expansion slows. Companies pay less tax and have bought back shares and increased dividends. That short term benefit is quickly evaporating and soon enough, business will need more public handouts. I really hope Trump hangs his hat on the economy because a recession is about 18 months away. 8 more rate hikes and the true end of QE as central banks reduce government bond holdings to zero, will spur the recession. Q1 of next year will be filled with earnings misses on wall street, because they were over inflated this year, and the political scandals as the House moves in on impeachment is more than enough to shake confidence. The tightening of economic policy is to avoid another "moral hazard" created by nationalized banks. (9/2008-1/2009) More businesses will be allowed to fail by state planners, this time, so the overall system can succeed.
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