Friday, October 13, 2017

That’s Not How It Works

Via the New York Times:

Trump suggested on Wednesday evening that a soaring stock market might be “in a sense” reducing the national debt, a statement that is not true, in any sense.

“The country — we took it over and owed over $20 trillion,” Mr. Trump told the Fox News personality Sean Hannity, following similar remarks he made earlier on Wednesday in a speech he delivered on tax issues in Pennsylvania. “As you know the last eight years, they borrowed more than it did in the whole history of our country. So they borrowed more than $10 trillion, right? And yet, we picked up $5.2 trillion just in the stock market. Possibly picked up the whole thing in terms of the first nine months, in terms of value.”

“So you could say, in one sense, we’re really increasing values. And maybe in a sense we’re reducing debt.”

And maybe in a sense you are a fucking moronAnd a liar.

One bark on “That’s Not How It Works

  1. Add economics to the list of principles he knows nothing about. If only he’d keep his mouth shut and let us wonder rather than opening it and confirming it. We all know that he never reads a book or anything that hasn’t to do with him personally. We know he is poorly educated (military school) and that life has taught him nothing except how to grab whatever cash he can get his hands on . . . . or boobs.

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