Not only does he steal musicians’ work, he steals Teabagger lines too.
“I NEVER SAID WHAT I SAID!”
I’m waiting for Mnunchin to explain/endorse this latest gambit.
“Yeah, I think - look, I have borrowed, knowing that you can pay back with discounts. And I have done very well,” Trump said. “I would borrow, knowing that if the economy crashed, you could make a deal, and if the economy was good, it was good, so, therefore, you can’t lose.”
The only way he’ll stop saying moronic things is by ripping his own tongue out.
jw1
Well, if it doesn’t die off, I think the explanation from Mnuchin will begin with, “What Mr. Trump said…”
The usual “I never said…” blah blah…
One thing we can say for sure…the Dumpster is no macro-economist. Business school, with no doubt middling grades at Wharton, didn’t teach him a whole lot I see. No surprise there.
What does that even mean to buy back US debt on discount? US debt doesn’t get discounted because creditors know it will always be repaid in full. Or am I missing something???
What Drumpf calls “renegotiating debt” we call Chapter 11.
“you never have to default because you print the money.”
Keep talking, Donald. While his base won’t care that he is spouting nonsensical, contradictory policies, sane voters will. He will lose some of those folks with each of these ridiculous pronouncements.
All the bankers who usually vote republucan are finding new ways to say 'fuuuuuuuuuck."
Ha. I thought “Republicans” were opposed to government borrowing. Trump is no Republican.
I’m surprised he even engaged in trying to talk about a policy in the first place. That’s not been his modus operandi. The Insult Comic is more his forte’ and frankly his only answer to everything. Its about all he’s got…and he does it ad nauseam.
Bankrupt ideas, bankrupt on a policy front, bankrupt business ventures…He’s a big mouth blustering bloviator going after anyone, left or right, that confronts his bankrupt views. It’s all he’s ever had.
Ah, the old Newt defense. Anyone quoting me Monday on what I said Sunday is lying.
It doesn’t really get discounted, not in that sense. The price of an existing bond does go up and down opposite to the movement of interest rates. So when rates were going down an older bond with a higher interest rate was worth more than par (100 cents on the dollar), and as rates go up now, bonds with very low interest will be worth less than par. But that isn’t the same thing as discounting for a possible default.
He’d just learn sign language. It would be easier than it sounds - I suspect Trump only needs a vocabulary of a few hundred words.
Trump won’t stop saying moronic things until an undertaker closes the lid on his coffin - and even then, Trump’s zombie soul will still be muttering moronic things, we just won’t be able to hear them.
On this point, Krugman says he’s right. Krugman himself once worried about this, but soon found out how wrong he was and copped to it.
Yes, in certain situations you can get hyperinflation, but that doesn’t happen often. More often your get the 19th c Great Britains and today’s Japans with enormous debt and no serious trouble with inflation. Japan can’t even get close to 2% inflation, no matter how hard they try. Their debt to GDP is about 245%. Ours is less than 100%, 80% last I looked.
Don’t worry though. A stopped clock is right twice a day.
God he’s making Palin look like a half way decent candidate.
“Yeah, I think - look, I have borrowed, knowing that you can pay back with discounts”
Why would anyone lend this joker money ever again?