Unsure what I'm saying exactly. Trump talks extremely hawkish on the deficit and debt. While it appears one hand increases the debt, his other hand is opening up North Shore Alaskan drilling, tariffs against Chindia (onshores tax base). IOW, I think Trump can finance this new prosperity with beggar thy neighbor trade policies and american drilling. The retained earnings juices the market, even if it isn't spent into the economy.
I don't get what you people don't understand about Trump and oil markets. How in the world does adding oil to an oil glut bring prosperity to anyone? And how much money does the federal government get from North Shore oil drilling again? Oh, and why the hell would we drill for oil 5,000 miles in the middle of now-where arctic when we have thousands of wells in CONUS that aren't being tapped because of the low prices from the current oil glut? Have you even thought this through for a minute?
How are people so blind they just don't understand this. When Trump is selling that to the people, its no different then Clinton giving big business a reach around with her "cuts". In BOTH cases, its not a benefit to the people, they just get told it will be. Now, tax cuts to mom and pop businesses and deregulation would actually be HUGELY beneficial to the economy and the creation of jobs. The people get sold that "ideal" that its there to benefit them personally but the laws are written in such a way so its impossible for small business to utilize but leaves massive holes that huge corporations can exploit for their personal gain. Large corporations get the MOST out of the system and contribute the least to it.... AND get even further tax breaks and cuts. How are people so stupid that they can't see the actions instead of getting blinded by sweet words of nothing. Has anyone got children and asked them to share out a packet of lollies with a large group and you leave them unattended and in charge to make the "right" decision. Its hilarious to watch their mental rational as they scam others for their own gain. So when Trump asks people with corporate interests what he needs to do to "create" jobs, OF COURSE they are going to tell him to cut corporate tax rates and have a tax "holiday" and they promise (scouts honor) that they will be sure to reinvest that money back into REAL jobs. (LOL, they had their fingers crossed behind their back so it doesn't count.) It doesn't matter who or what party is in power, they have ALL been utterly corrupted. Even on the off chance Trump himself is not, he will NEVER float enough real things of substance to change the existing status quo. There are to many in positions of power who profit from it and it maintains their position of power. Why do we keep falling for this same BS. When you allow CORPORATE interests to have a majority say and exert majority influence on elected officials, then you will ALWAYS end up with corporate interests ALWAYS being looked after at the expense of the people. ESPECIALLY in a CAPITALIST society. The definition of stupidity is doing the same thing over and over but expecting a different outcome.
Errrrr, clearly not thought it through. They get to - "Oil, ground, get out oil, money" Sure to be a winner! Except when EVERYONE else is doing the EXACT same thing and what used to sell for $60 suddenly sells for $20 but it cost you $25 to get it out of the ground.... Maybe if they just pump even MORE it will bring that $25 extraction rate down and it will suddenly become "profitable" at $19 extraction cost. Fantastic logic... but why is oil then selling for $12...... The obvious simple solution then will be to SUBSIDIZE the oil producer with public purse money so that they can be "profitable". SOLVED I can feel the greatness already. .
I'm going to make out like a bandit. Whoopee! (Assuming I don't get shot stepping out of my Porsche!) Oh, I guess that would be like a bandit.
"Everybody has a plan until they get punched in the mouth." I wouldn't be surprised if the market turns to a bear as the new president takes office.
Iv'e said this before, but I am happy to repeat it: We live in interesting times. For the sake of the children at least, let's hope as President he doesn't turn out to be quite the lunatic he was as a candidate. Normally Keynesian stimulus is applied on the demand side in a recession. During Reagan's Presidency we got to see what happens when you apply it on the supply side in a recession -- bonkers economy, massive new debt, and accelerated growth of the wealth gap, and too, some swell parties in the Hamptons. Now we are going to find out what happens when you supercharge it and apply it on the supply side during very late in the recovery from deep recession. This could end up as its own chapter in basic economic texts. I am so excited to be able to witness a real life economic debacle in real time. What can be better than this!!! It's like climate models. You just decide how much positive feedback you want to apply and how many times you want to run the model recursively through the JCT's computer, and voila! Spending 150% returns 200%! What fool said their was no such thing as perpetual motion! (Will someone please archieve this post, so if I am still alive in 10 years you can hit me with it.)