super_etecoon said:
I'm sorry. I don't know how old you are, but 2008 (George W. Bush's time in office) was when the economic system collapsed. This is much documented if you weren't there to experience it. Obama's policies, including continuing the TARP funds started by Bush that supported the automobile and banking industry (rightly or wrongly) as well as many programs intended to get people working on road projects, bridge projects, as well as renewable energy infrrastructure helped keep the economy stay strong enough to survive long enough for American companies and workers to get the economy back into great shape. Trump inherited this. Please, please, do research on this. You declare in your quote that you "believe." Go beyond belief and do great research on the subject and return with support. I don't want a salesman telling me that the lemon I'm going to buy runs like a champ when he knows full and well that it'll break down in 6 months. |
The world's financial system is complex beyond human comprehension, that's why I use the term 'believe'. It can't be understood completely but there are risk factors and things we know boost and hurt economic systems.
My understanding is that the 2008 economic collapse was largely due to several previous government bailouts which made banks believe they were 'too big to fail'. Bush's government hesitated to pour funds into the banks when they needed it again causing an unnecessarily big crash (in that it could have been smaller the first few times).
Bush and Obama, instead of taking their medicine and letting the economy correct itself, borrowed beyond belief and have indebted America's children for generations, while letting the culprits (bankers) get off scott free. I 'believe' another, much bigger economic collapse is coming unless America can figure out a way to start chipping away at the $21 trillion in debt they owe.
And Trump is a salesman. That's how it seems to me. He will talk up everything he does as the 'biggest', 'best' and 'greatest' regardless of whether that claim is grounded in reality. He will of course focus on accomplishments that are backed by data, but will make untrue claims if it sells his brand. The day to day economy would suggest that Americans are buying what he's selling. Companies are hiring, workers are working and the stock market is way up.