Thanks, GOP ! (that's sarcasm republican'ts don't grasp) The Grand Ol' Party has gone from cloth coats to Fascism, and "I do not take responsibility at all"
You were warned, but Republicans don't do soft landings. The GOP blames everyone but themselves. This week: Dims, Obama & China
You were warned when the GOP cut interest rates 3 times between July-October of last year, cut them twice more, and now essentially has cut them to zero. There is no room to cut interest rates anymore, and DO NOT 'negative' the rates (there will be runs on the banks, yah Queens hillbillys ...)
You were warned in September of last year of the 'glitch' (LOL) -- when overnight accounts would not close at central bank rates. The Fed had to intervene -- pumping hundreds of billions of dollars into the financial system while proclaiming this was not quantitative easing (LOL II).
Do Republicans remember Smoot-Hawley ?
(Apparently not.)
You were warned about the perils of quantitative easing. Beginning in 2008, the Fed pumped 5x the cash to capital reserves to keep markets solvent and avoid another Great Depression. In 2020: 8x- to 10x beyond the QE beginning in 2008. (Who knows?) This is monetizing the Federal Debt, and when the fu ck will it stop yah freakin' dip-stick Chowder Heads?
Republican'ts in 2020: "Deficits Don't Matter!"
(snicker)
Republican'ts in 2020: "Bailing Out - GOP Socialism FTW!"
(snicker Part Deux)
You were warned: Corporate debt is at a record level of 35 percent of corporate assets.
You were warned: Stock buy-backs / $2 TRILLION over the last 2 years
You were warned: 15%+ of US corporations are Zombies / upside-down
You were warned: You will not win a currency war with China
You were warned: Happy Days ! Corporate Tax Cuts of $1.9T ! (eye roll)
What else?
Quality work Aho. You're not crazy for nothing.
