posted by Dr Winston O'Boogie
Regardless of the nonsense Trump said early on, he now appears to be in touch with reality on this. I appreciate his frequent briefings and communicating the message that all resources are being deployed. He's doing the the right things and I'm appreciative.
Agreed. He is much better the last week. I think once the serious nature of this thing hit him and the market really did tank, he finally accepted the reality of the situation.
posted by gut
The situations really aren't that comparable. Recessions are part of the normal business cycle. TARP and the bailouts were paid back (yet somehow that money continued to be spent every year).
This is unique. Businesses are being ORDERED shut. They have NO INCOME coming in. That is very, very different from a recession when they are just losing money. Airlines have cut routes over 40%, and what they are flying has hardly anyone on board, but they still have to pay full boat on all those leases/debt.
Oh agree. This is a unique situation that actually may warrant government action. It is just going to explode the debt and the hardcore conservatives that say no additional funding without cutting elsewhere are silent right now.
I'm being very cynical right now as I know the situation is unique, but I also know in a few years if there is a D in the White House, the Republican party will once again argue we need to drastically cut the government because the debt is too high.
posted by gut
I think he's still on pace to add less debt than Obama...and if he were following the trend of the last 4 guys he'd be adding over $2T a year.
Yes. I know, I was going for the Trump language that everything he does is the best in the history of the country. I mean if you told Trump that Obama added more debt, he might want to increase the debt just to beat Obama and say I did it better.