Trump Ignorantly Thinks the Stock Market Reduces Government Debt

Share
Trump Ignorantly Thinks the Stock Market Reduces Government Debt

He told Sean Hannity, "Now, if you look at the stock market, that's one element, but then we have many other elements".

The exclusive interview with Trump will be aired on "Hannity" at 9 p.m. on Fox News.

While it's true that USA stock market indexes have risen markedly during Trump's time in office, the current gains are part of a bull market that began in the spring of 2009, when the country began to recover from the Great Recession and the collapse of the housing market. "So, they borrowed more than $10 trillion dollars, right?" "Possibly picked up the whole thing in terms of the first nine months, in terms of value". "So, you can say in one sense we're really increasing values; and maybe in a sense we're reducing debt". And no, that stock market rally did not reduce or offset the national debt either. But we're very honored by it. Plus, they're not entirely owned by Americans. The stock market has nothing to do with the debt.

As for that stock market rally, the Standard and Poor's 500 is up almost 20% since his election - an impressive rally.

Would I have linked it that way?

The question of whether the USA has too much, too little or just enough debt is for another day.

Trump appeared not to know how the debt works.

The debt is money that the federal government has already spent.

If the US grows its debt to build bridges to nowhere, then no, it's not a wise use of money.

"They sat in a room and they said, 'Wow, we look bad.' The morning after - in fact it's been written about in various books or a book - but they said, 'Why did you lose the election?' 'Ah, it was Russian Federation!"

And in any case, Trump's comments are a far better construct for evaluating the national debt than that of the zero-sum tea partiers.

Share

Advertisement

Related Posts

Punjab farmers burn stubble to protest prohibition orders
Farmers have refused to abide by order, saying the government must give them subsidy if they want them to stop burning stubble . Delhi's pollution at Lodhi area was recorded as poor category on Wednesday evening.

Wall Street Analysts See 1.2% Upside for Genworth Financial, Inc. (NYSE:GNW)
BidaskClub downgraded shares of Genworth Financial from a "hold" rating to a "sell" rating in a report on Tuesday, July 11th. Finally, Advantus Capital Management Inc lifted its stake in shares of Genworth Financial by 3.0% during the first quarter.

Barcelona News: Lionel Messi Conveyed through PSG Star Neymar that Real Madrid is a Bombshell
Although they have lost the trophy to Barcelona in 2015 still they have bounced back to win the game in 2016 and 2017. Also, Youri Djorkaeff claims that PSG would definitely scoop the trophy if they could put Madrid to the sword.

Lloyds to acquire Zurich's United Kingdom workplace business
According to data from Platforum, combined, Scottish Widows and Zurich would be the third largest workplace savings provider in the UK.

Pakistan nominates ex-CJP as ad-hoc judge in Jadhav case
India, however, maintains that Jadhav was kidnapped from Iran where he had business interests after retiring from the Indian Navy. The ICJ statute allows appointment of judges on its tribunal from the countries that are directly engaged in a dispute.

Did Shahid Kapoor watch Padmavati trailer in advance?
The movie also features Deepika Padukone in the title role as "Rani Padmini", alongside Shahid Kapoor and Aditi Rao Hydari. The much awaited movie of the year stars Deepika Padukone , Ranveer Singh and Shahid Kapoor in lead roles.

Citigroup Inc (C) Q3 Earnings Beat, Despite Very Weak Fixed Income Performance
Like its peers on Wall Street, Citigroup was expecting another tough quarter for trading revenue amid tepid volatility. The bank saw more underwriting of stock and bond offerings by companies as well as more fees for advisory services.

N'Golo Kante to miss six Chelsea games?
Morata has scored six goals and made two assists in seven Premier League games for the Blues so far this season since his move. The report now claims that this could rule him of Chelsea's next six games in all competitions.

Intuitive Surgical Inc (NASDAQ:ISRG) Sentiment Report
The stock had a trading volume of 537,761 shares. (NASDAQ:ISRG) has risen 39.52% since October 12, 2016 and is uptrending. Lgt Capital Partners Ltd. divested its stake by shedding 1,608 shares a decrease of 5.0% from 03/31/2017 to 06/30/2017.

Swiss prosecutors have opened an investigate into PSG chairman Nasser Al-Khelaifi
While Valcke was being questioned, authorities in France, Greece, Italy and Spain searched "properties" as part of the probe, the Swiss prosecutors said.

© 2015 ExpressNewsline. All Rights reserved.