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Politics : Left Wing Democratic Porch -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (1480)6/16/2018 2:51:24 PM
From: RetiredNow  Respond to of 2202
 
I hadn't thought of that. I keep thinking that the sugar high from the last tax cut has not fully hit the economy yet, which means there could be another leg higher, but I didn't think the GOP would try to push more stimulus through. However, that would definitely be consistent with Trump's no holds barred profligacy and debt binge, especially if he thinks it will help his re-election campaign, which is right about when all the stimulus should be worn off and the higher rates and QT will be taking its greatest toll. So the GOP and Trump would have to do another stimulus package to offset that in order for him to win again or at least for the shine not to come off very rapidly.

Anyway, I'm patient. Things are so frothy now, I'm content to earn a measly 3% per year until the crash comes. I'm not good at trading. I'm more of a long term investor who reluctantly learned we don't have a free market anymore and now I have to engage in timing based on Fed actions in order to not sustain catastrophic losses in my retirement. Frustrating, but it is what it is.



To: Rarebird who wrote (1480)6/25/2018 12:42:14 AM
From: Broken_Clock  Read Replies (2) | Respond to of 2202
 
This interview sounds very similar in many respects to the arguments that have raged on SI for the past 9 years.

theintercept.com

interview with Ben Rhodes

Barack Obama was one of the most polarizing presidents of the modern era. To the right, he was a weak, feckless leader who led from behind and went on apology tours while failing to crack down on radical Islamic terrorism and “illegal immigrants.” To his critics on the left, he was the deporter in chief, the drone president, bombing villages in Pakistan, assassinating Americans without trial in Yemen, arming rebels in Syria, launching a military intervention in Libya without congressional approval. While Obama did embrace the U.S. empire — killing civilians and selling weapons to awful regimes — he also pulled some of the biggest diplomatic breakthroughs of our time, negotiating the Iran nuclear deal, getting the U.S. to sign on to the Paris climate accord, and reopening ties with Cuba. With Trump now in office, is it time to recognize that Obama wasn’t as bad as we thought, or did Obama’s excesses, whether in the Middle East or at the Mexico border, lead the way to Trump’s? Ben Rhodes, who was Obama’s foreign policy speechwriter and later rose to become his deputy national security adviser, joins Mehdi Hasan to discuss Obama’s legacy and whether it has seeped into the Trump administration.

note, in it Rhodes affirms Obama backing of AQ.