I would consider that incontrovertible too. O was handed a big shit sandwich there, and I don’t much care to slice and dice on policy either and start a skid-bitching slip and slide of what did what for what.
Look at the indexes. They started here(______ ) when he took office, and finished there(------) when he left.
Hard for me to get too excited one way or the other. When the next financial crash comes I think we have already set the precedent. Big institutions will be bailed out. CEO’s who fail will be given massive golden parachutes. No one will go to jail. Blame will be placed depending on which team you root for.
We will talk again about making big changes, most likely they won’t happen.
SECTION TWO: End “Too Big to Fail” and Bank Bailouts. Retroactively repeal the authority of the Financial Stability Oversight Council (FSOC) to designate firms as systematically important financial institutions (SIFIs). Repeal Title II of Dodd-Frank and replace it with a new chapter of the Bankruptcy code designed to accommodate the failure of a large, complex financial institution. Repeal Title VIII of the Dodd-Frank Act, which gives the FSOC authority to designate certain payments and clearing organizations as systemically important “financial market utilities” (FMUs) with access to the Federal Reserve discount window, and retroactively repeal all previous FMU designations. Restrict the Fed’s discount window lending to Bagehot’s dictum. Prohibit use of the Exchange Stabilization Fund to bailout financial firms or creditors. Repeal Dodd-Frank’s so-called “Hotel California” provision.
I dunno…that’s pretty straight forward in it’s wording, and as a disclaimer I have no idea about any of it, was curious about folks who were more into that side of things and what you all have to say about it, it seems risky looking at it historically.
Edit: Italicized to indicate text from the Executive Summary
Not to mention that while tax breaks are always welcome what they really need is a break on payroll tax components. Other tax break tend to be hoarded in order to cover expected shortfalls…or the inevitable flip flop from administration to administration. It is completely rational, but doesn’t help the economy. It’s expensive to hire people.
And of course, market concentrations are wonky as well.
No, you didn’t. You have someone you like politically and never once viewed it objectively to evaluate whether Trump did something or not.
And the investigation isn’t done. Non-hacks usually understand you gather all the facts and then conclude. You and Zeb do the opposite - you conclude first, based on political preference, independent of facts.
Trump may be personally exonerated from any direct connection to Russia to influence an election - and it looks more and more likely that is the case, as throughout this whole saga the one thing we learned is Trump is too dumb to run such a sophisticated nefarious geopolitical game. But if he is truly innocent, he comes out of this looking bad nonetheless.