quote:

ORIGINAL: heavyblinker

This is usually how it goes when the guy before you did a really good job.
To be fair, job growth in an economic recovery is always going to be higher than during a period of relative stability.

Whichever Democrat gets to clean up yet another GOP economic disaster after Trump steps down is probably going to have the all-time record for job growth in his first year.

Then the moronic RWNJs will completely forget about it/blame the Trump disaster on that Democrat, and then we will get even more trickle down after another recovery.

quote:

ORIGINAL: MrRodgers
The boom and bust the investor class loves so much. They precipitate the recession with over indulgence and when the economy goes south, they pounce on stuff...pennies on the dollar. It's been going on since the 18th century. Ben Franklin told colleagues that the recession of 1740's was caused by the crown [his] currency and corporations.
Then recovery in equities (paper) is the obvious first job for any president, or else. And then once more huge profits arrive, the investor then cashes out his million$ in gains and pays only 20% federal tax. (recently up from 15%) Isn't that precious ?
How else did from 2008 to 2016 did 95 % of all increase in income, go to the top 5% of the wealthiest people ?

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: MrRodgers
The boom and bust the investor class loves so much. They precipitate the recession with over indulgence and when the economy goes south, they pounce on stuff...pennies on the dollar. It's been going on since the 18th century. Ben Franklin told colleagues that the recession of 1740's was caused by the crown [his] currency and corporations.
Then recovery in equities (paper) is the obvious first job for any president, or else. And then once more huge profits arrive, the investor then cashes out his million$ in gains and pays only 20% federal tax. (recently up from 15%) Isn't that precious ?
How else did from 2008 to 2016 did 95 % of all increase in income, go to the top 5% of the wealthiest people ?

So, how would you prevent the boom and bust cycle, MrRodgers?

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: MrRodgers
The boom and bust the investor class loves so much. They precipitate the recession with over indulgence and when the economy goes south, they pounce on stuff...pennies on the dollar. It's been going on since the 18th century. Ben Franklin told colleagues that the recession of 1740's was caused by the crown [his] currency and corporations.
Then recovery in equities (paper) is the obvious first job for any president, or else. And then once more huge profits arrive, the investor then cashes out his million$ in gains and pays only 20% federal tax. (recently up from 15%) Isn't that precious ?
How else did from 2008 to 2016 did 95 % of all increase in income, go to the top 5% of the wealthiest people ?

So, how would you prevent the boom and bust cycle, MrRodgers?

First thing that needs to be done, is to let the marketplace set all interest rates. Take the fed reserve out of it. It doesn't seem to matter at least as the historical record so vividly informs, just how much damage recessions do, so let the marketplace only, determine just who should and shouldn't get a mortgage or car or business loan.

Rates might go up but so what, that will reflect the true risk to the lender.

Second, subject all federal income taxes to the 1040 no matter how it's earned and on all forms of income. The federal tax code is no place for economic incentives. (favors) They too...reside in the marketplace.

Break up the big banks on Wall street, reinstate Glass Steagall to reduce the gambling and enforce SEC's law on selling potential shit paper.

Govt. should once and for all, get out of the so-called stimulus habit. Once they are spent, a recession is much more likely.

Liquidate Freddie and Fannie over a few years and eliminate govt. mortgage warehousing. FHA and VA as such, have guarantee rules specifically written into federal law. Bring housing back much closer to the marketplace.

quote:

ORIGINAL: MasterJaguar01

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: MrRodgers
The boom and bust the investor class loves so much. They precipitate the recession with over indulgence and when the economy goes south, they pounce on stuff...pennies on the dollar. It's been going on since the 18th century. Ben Franklin told colleagues that the recession of 1740's was caused by the crown [his] currency and corporations.
Then recovery in equities (paper) is the obvious first job for any president, or else. And then once more huge profits arrive, the investor then cashes out his million$ in gains and pays only 20% federal tax. (recently up from 15%) Isn't that precious ?
How else did from 2008 to 2016 did 95 % of all increase in income, go to the top 5% of the wealthiest people ?

So, how would you prevent the boom and bust cycle, MrRodgers?

First thing that needs to be done, is to let the marketplace set all interest rates. Take the fed reserve out of it. It doesn't seem to matter at least as the historical record so vividly informs, just how much damage recessions do, so let the marketplace only, determine just who should and shouldn't get a mortgage or car or business loan.

Rates might go up but so what, that will reflect the true risk to the lender.

Second, subject all federal income taxes to the 1040 no matter how it's earned and on all forms of income. The federal tax code is no place for economic incentives. (favors) They too...reside in the marketplace.

Break up the big banks on Wall street, reinstate Glass Steagall to reduce the gambling and enforce SEC's law on selling potential shit paper.

Govt. should once and for all, get out of the so-called stimulus habit. Once they are spent, a recession is much more likely.

Liquidate Freddie and Fannie over a few years and eliminate govt. mortgage warehousing. FHA and VA as such, have guarantee rules specifically written into federal law. Bring housing back much closer to the marketplace.

All sound ideas!

Well done!