The Middle Class fleecing has begun...
"We are in a bubble." The President said it all campaign. The stock market, interest rates, unemployment. He was right then, but it was Obama's bubble at the time. Now it's his, and it's NOT his fault.
See, all along during the campaign the geniuses in the financial main stream media kept parroting the same lines about how President Trump would be the death of the markets and economy, putting an end to the "expansion" (LOL) we had the last eight years. We kept hearing it all the way until election night when the DOW sold off 800 points and became a self fulfilling prophecy.
Then somehow in the few hours until morning a new paradigm had emerged, Trump is great for the markets! Suddenly he was the reason for a new bull run. His policies, in a fair valued market, certainly would be great for the economy.
President Trump was going to lower taxes (good), income taxes (good), business taxes (good). Renegotiate trade deals (good), repatriate capital (good). Repeal Obamacare (good). Eliminate waste, fraud and abuse.
The middle class bought in and bought stocks. The DOW went up 3,000 points in optimism. But the President, as great as his ideas are, is not a dictator. He cannot make these policies happen over night, and he has literally everyone (including his own party) standing in the way.
So now that the middle class bought in and bought stocks, the real unwinding can begin - in debt, in stocks in bonds in real estate. The powers that be can now fleece the middle class again and deflate these bubbles for their own benefit, and guess what? They can blame it all on President Trump! Win-win for them and lose-lose for us.
Watch the @marketreport take below:
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Thank you!
There has been a war on the middle class for years. It is only getting worse. If someone is going to fix it I would trust Trump over anyone else. He has come out of 4 bankruptcies of his own and been successful in reorganizing debt. Perhaps that is why he is in there. To guide us through this mess. The fleecing of the middle class started decades ago. Only the baby boom generation has benefited. We have less population in other population groups ie - generation x y etc. They cannot support the baby boomers retirement lifestyles let alone their own. They are worse off. It is a cycle that repeats every 80 - 100 years or so. Thanks for sharing.
The President is but one man versus an entire bureaucracy that wants to fleece the MC. The baby boomers that invest have now been fleeced in tech bubble, housing bubble, 2008 crisis and what's coming, the will have no way of recovering. Thanks for commenting.
Thank you.
Thank you guys for reading!