Tom Luongo: Trump – Master of the Seen – Vandalizes US Economy
"They only focus on the ‘seen’ and ignore the ‘unseen’ effects of their policies, selling them to voters on that basis alone. This is the first rule of economic analysis."
"They only focus on the ‘seen’ and ignore the ‘unseen’ effects of their policies, selling them to voters on that basis alone. This is the first rule of economic analysis."
"As a country, we will either live with the short-term pain of discipline or the long-term pain of regret."
"The United States has a duty to insist on full accountability, one of the most dangerous and costly decisions from the W.H.O. was its disastrous decision to oppose travel restrictions from China and other nations..."
"Should the United States lose its status as the global hegemon, bipartisan fiscal profligacy must surely take a major part of the blame."
"The EU is now obviously collapsing before our eyes while the United States teeters on the Tipping Point of total disintegration."
"There are even calls for the central banks to extend their programmes into the $1.6 trillion junk debt market..."
"The American "Can Do" attitude is taking hold very quickly and the team is firing on all cylinders."
"“We are not going to be wearing masks forever, but it could be for a short period of time after we get back into gear. I could see something like that happening for a period of time,” President Trump said during Monday’s White House briefing."
"There’s nothing now left for the Fed to ‘bubble up’. It’s probably over."
"... President Donald Trump has refused pro-abortion activists’ pressure to expand access to abortion-inducing drugs for women to take at home."
"... the overall economy continues to collapse at a staggering pace."
"Am I the only one who still thinks doubtful thoughts? Like "No way. It’s going to be okay. You’re overreacting. It’s a little scare, just like Ebola and MERS and SARS.""
"... Ohio Department of Health Director Amy Acton told reporters that she believes that more than 100,000 people have the coronavirus in her state… "
"Trump introduced draft legislation in February 2020 to ensure that “new federal building designs should inspire the public for their aesthetics and make Americans feel proud of our public buildings. Classical and traditional architectural styles have proven their ability to inspire such respect for our system of government.”"
"We are in a bear market and a recession. It just hasn’t been announced ... yet."
"Angela Merkel says she expects around 60-70 percent of Germans will be infected with the coronavirus..."
"... Trump’s new chief of staff has also been forced into self-quarantine …"
"Democratic pollsters have been warning for months that if Bernie Sanders got the nomination, the party would suffer the worst across-the-board defeat since the 1972 election when George McGovern was clobbered by Richard Nixon. Clearly their message resonated and the Democratic Party elders responded in unison."
"If, however, these shocks were to occur, it would not take place between the West and the Muslim world, but between a despot at the end of his reign and an Arab-Western alliance ready to take up the challenge."
"A Biden win in November and the Republican’s retaining the Senate could prove a Goldilocks scenario... or will it simply push us back into political gridlock?"
"The proof is in and it is irrefutable. The Russian Government has the greatest advertising and social media interference capability in the world. ... the Russians spent less than $400,000 to get Donald Trump elected."
"Yes, I have heard the gushing and swooning over the alleged resurrection of Sleepy Joe ... But look at the actual votes and percentages compared to 2016 and the outlook is not as rosy."
"A mayor was limited to two terms, but Bloomberg spent an estimated $60-90 million to get the term limits changed so he could run a third time. Forbes estimated that while Bloomberg was mayor, his wealth increased from around $3 billion to $31 billion."
"The Democrat establishment's plan to deny Bernie the Presidential crown this go round is not a secret. What remains to be seen is whether or not Bernie supporters will roll over like submissive dogs or will they fight back and refuse to be denied? Either option is a recipe for months of turmoil and fighting among Democrats."