Discussion: S&P: U.S. Economy Lost At Least $6 Billion During Shutdown

Great, now tell Trump that there will be no $6 billion for a wall since he squandered it on the shut down.

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Hey, where have I heard that number before?

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Hang this around his throat like a Colombian necktie.

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So.Much.Losing.

The Art of the Fail.

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Once he is out of office, the Trump organization should be sued to recoup that amount.

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Why wait?

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Chances Toadglans Knows $6 Billion > $5.7 Billion: 0

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That could be difficult if CockholsterCo has to forfeit any and all of its illegally obtained lucre, something Federal Law allows the government to do.

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S&P: Under President Doofus The U.S. Economy Lost At Least $6 Billion During Shutdown

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I’m inclined to give him more credit than you are. I’d say the chances are one in 6 billion,

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The United States economy lost at least $6 billion due to the lost work from furloughed workers and depressed economic activity from outside business, according to a Friday Reuters report.

Larry ā€œBlowā€ Kudlow: This is great news for the economy.

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Welll, in the spirit of reconciliation, I will happily pledge my TC&JA tax savings of $1.67 to this Donnie deficit…

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Then Putin looked over all he had made, and he saw that it was very good!

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Waste is what DJT does best.

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Cripes this article is dumb. The economy went without somewhere around $100bn in money that was not disbursed by the Treasury. How do I know that? Because I know that from a few days before the shutdown until last Monday the Treasury had paid down and not reborrowed, as it usually does this time of year, that amount of Treasury bills.

I do not tabulate those numbers and the source is a non public commentator. The numbers could be found by anyone with the time and knowing what to look for in the Treasuries auction schedule.

https://www.treasurydirect.gov/instit/instit.htm?upcoming

That money will now flow into the economy as the checks start being sent out so the money was not lost.

What did happen as an instant result was because the Treasury did not offer $100bn of T Bills the normal buyers of them had to do something with the money they got when the T Bills matured, Most buyers of matured T Bills simply buy the next offering as the Treasury and the buyers roll over the old debt. So with no T Bills to buy many bought stocks. By some measures the stock market rally since 12/26 was the strongest of all time.

The Treasury may decide not to borrow that money and just let it’s ā€˜checking account’ run down since it is sitting on a gigantic surplus of $400bn now. For reasons I won’t get into since this has gone on too long already

I thought the yacht and third vacation home sales alone would be propping up the go go economy for years to come thanks to those fantastic tax breaks that would make us all rich.

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I’m yacht going to dingyfy that with a rowboatal.

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Of cruise you would say that. But then you always have a cutty remark ready for those whom you deplore.

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Carefull, slippery sloop and all…

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