The stock market approximately tripled during the Obama administration — you could look it up.
During that entire rise of the stock market, Lisa and other (now) Trump Disciples screamed that the stock market was NOT the economy. I guess it is now.
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By the way, the current uninterrupted increase in the stock market began in Feb. 2016. Once again, you could look it up.
Short term gains at the expense of CHIP,Medicare,Medicaid,Social Security, pension plans for many, and the 1% gets wallet padding they don’t need or deserve!
Lisa, CEOs openly stated that they would pay down their company debt, buy back stock, automate and initiate mergers. This will DECREASE jobs which will decrease demand because the people that normally spend money (ask Grassley) will not have any – demand is the one thing that truly stimulates the economy. Companies can still deduct their expenses incurred for offshoring, so maybe other countries’ economies (like China) will soar.
History also shows that as stock market goes up, so does unemployment and loss of jobs/industry, as overseas shifts in work, and automation, make stocks more valuable than people. And considering the market is basically a casino, run for “nervous Nellies” who leap off the bus at the first hint of trouble. We’re looking for a lot of leapers before long, as like the “dot com” collapse, we’re really close to a drastic alignment as there’s nothing to support the huge raise in prices but the promise of tax cuts and deregulation. Not to help workers, just cut corporate costs so they can buy more stocks instead of improving their infrastructure.
1) With no anchor, the balloon will rise until it bursts.2) With no apparent source of hot air (those aren’t politicians in the gondola), it really isn’t going to rise very far before sinking — maybe even crashing — to the ground.
NOAH BODDIE, what fantasy world do you live in? The companies raising “base pay” are doing it because they are in states that raised the minimum wage. Trump tried to take credit for AT&T bonuses that were granted after the UNION fought for them for a year. CEOs stated they would use the tax cuts to buy back stock, pay down company debt and initiate mergers.
Radish the wordsmith over 6 years ago
Republican supply side economics have been destroying the middle class since the Reagan admin. The Trump admin is here to finish the job.
Crabbyrino Premium Member over 6 years ago
Oh when will they ever learn? Oh when will they ever learn.
Zen-of-Zinfandel over 6 years ago
Cool! The S&P 500 should keep soaring to new highs.
braindead Premium Member over 6 years ago
The stock market approximately tripled during the Obama administration — you could look it up.
During that entire rise of the stock market, Lisa and other (now) Trump Disciples screamed that the stock market was NOT the economy. I guess it is now.
===
By the way, the current uninterrupted increase in the stock market began in Feb. 2016. Once again, you could look it up.
Alberta Oil Premium Member over 6 years ago
And when it crashes as it will, the spin will blame the Democrats.. and the Republicans will offer to fix it..
Odon Premium Member over 6 years ago
Truly detached from the coming consequences.
ahab over 6 years ago
Short term gains at the expense of CHIP,Medicare,Medicaid,Social Security, pension plans for many, and the 1% gets wallet padding they don’t need or deserve!
robnvon Premium Member over 6 years ago
Shouldn’t the gondola be a lawn chair holding a guy with a pellet gun?
DrDon1 over 6 years ago
Lisa peddling ’Trickle Down" propaganda!
Nantucket Premium Member over 6 years ago
Lisa, CEOs openly stated that they would pay down their company debt, buy back stock, automate and initiate mergers. This will DECREASE jobs which will decrease demand because the people that normally spend money (ask Grassley) will not have any – demand is the one thing that truly stimulates the economy. Companies can still deduct their expenses incurred for offshoring, so maybe other countries’ economies (like China) will soar.
Ontman over 6 years ago
One gas bag freeing another.
Dtroutma over 6 years ago
History also shows that as stock market goes up, so does unemployment and loss of jobs/industry, as overseas shifts in work, and automation, make stocks more valuable than people. And considering the market is basically a casino, run for “nervous Nellies” who leap off the bus at the first hint of trouble. We’re looking for a lot of leapers before long, as like the “dot com” collapse, we’re really close to a drastic alignment as there’s nothing to support the huge raise in prices but the promise of tax cuts and deregulation. Not to help workers, just cut corporate costs so they can buy more stocks instead of improving their infrastructure.
Masterskrain Premium Member over 6 years ago
And WHAT PLANET are you on, Lisa??
gammaguy over 6 years ago
Not sure which of these scenarios is more likely:
1) With no anchor, the balloon will rise until it bursts.2) With no apparent source of hot air (those aren’t politicians in the gondola), it really isn’t going to rise very far before sinking — maybe even crashing — to the ground.
diane tabbott Premium Member over 6 years ago
Stock market soaring – just like the deficit.
diane tabbott Premium Member over 6 years ago
Stock market soaring – just like the deficit.
Nantucket Premium Member over 6 years ago
NOAH BODDIE, what fantasy world do you live in? The companies raising “base pay” are doing it because they are in states that raised the minimum wage. Trump tried to take credit for AT&T bonuses that were granted after the UNION fought for them for a year. CEOs stated they would use the tax cuts to buy back stock, pay down company debt and initiate mergers.
.http://thehill.com/opinion/finance/362949-ceos-agree-corporate-tax-cuts-wont-trickle-down
Gelonzo over 6 years ago
Hint to the author: satire is supposed to have a critical view on leaders, not give them praise.