UK's conservative government doing everything it can to crash the UK's and the world's economy (1 Viewer)

[coldseat]

Holy hell Batman! Talk about screwing your own country over. Same thing would happen here if Republicans held both the congress and the presidency.

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LondonCNN Business —
The UK government’s decision to implement the biggest tax cuts in 50 years while borrowing tens of billions of dollars to subsidize soaring energy costs this winter is a massive gamble that’s sent shockwaves through financial markets.

Since Friday, when finance minister Kwasi Kwarteng formally announced the plans, the British pound has plunged 5% against the US dollar, bringing its total losses so far this year to an eye-popping 21%. The euro, for comparison, is down about 15% against the dollar during the same period.

The turmoil doesn’t end there. Investors have raced to dump UK government bonds as they worry about the extra £72 billion ($77 billion) in borrowing due before April. The yield on 5-year debt, which moves opposite prices, has jumped from about 3.6% to more than 4.4% over the past two trading sessions — an astronomical jump in a corner of the financial universe that typically logs movements in tiny fractions of a percent.
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The pound's crash will make inflation worse and push interest rates higher | CNN Business

The UK government's decision to implement the biggest tax cuts in 50 years while borrowing tens of billions of dollars to subsidize soaring energy costs this winter is a massive gamble that's sent shockwaves through financial markets.

www.cnn.com

 

[coldseat]

You asked what Trump will do with the economy and I gave you a list of his accomplishments, some of which helped boost the economy.

That's not telling me what he would do with the economy today. Half of that list is BS, the other half are exaggerated and having nothing to do with his policies.

The understanding is that he can do it better than any democrat, hence, he is the man for the job.

That's a dumb understanding.

Now, explain what your man is doing for the economy right now, as that is the real question.

I'm not under the delusion that our president controls the economy. But I agree with the laws that Biden's government has been passed to make investments in infrastructure, chip manufacturing, and to transition us to a greener economy. I think all of those bills will provide much needed long term improvements and investments in our country that will also grow the economy and create good paying jobs for Americans. It will also lower cost for Americans long term, which is a good thing.

 

[Peace]

That's not telling me what he would do with the economy today. Half of that list is BS, the other half are exaggerated and having nothing to do with his policies.

He needs to get back to this, for starters, and then build on it.

Trump has set economic growth on fire. Here is how he did it

During Trump's short time in office, the economy has achieved feats most experts thought impossible

www.cnbc.com

 

[MT15]

Trump is innocent, so none of that is relevant.

Again, not guilty. All declassified.

It was better than Biden's.

So tell me, what is Biden doing to mop this mess up?

No - Trump has lied about election results since before the election. It just came out today or yesterday that he signed a court document with invalid claims about Georgia election fraud, after he was informed the claims were false. He is the least innocent person on this planet, probably.

No - he never declassified shirt. Nobody from his administration says he declassified anything, and believe me if he had they would have proof of it. His lawyers told him not to take that stuff to Mar-a-Lago and he did it anyway, and then he lied about it to the FBI.

No - I believe our economy now is better than at any time during Trump’s term in office. Note-the stock market isn’t the economy. Our economy is going so strongly that the Fed is having trouble slowing it down to ease inflation.

Biden has been a steady, experienced hand. He’s had a lot of challenges, and so far we are doing about as well as can be expected. Inflation is a world-wide problem, exacerbated by supply chain and labor shortages. We are doing much better than Europe, for example. Our economy is the envy of the world right now. Biden is steering us toward much needed infrastructure improvements, helping bring quality manufacturing jobs back to America, and he is working to ease inflation by releasing some of our oil reserves. We are actually pumping more oil now than we were during Trump’s term.

Trump has little to no actual understanding of economics, or foreign relations. And he truly mishandled the pandemic. He’s nothing but a grifter, cheating and lying his way through life. Always has been.

 

[MT15]

Produce a guilty verdict and prison sentencing and I'll concede the point.

Obama was a race hustler and little more than that. I'd put 8 years of Trump up against 8 years of Obama, anytime, and that discussion will be possible in 2028.

Sorry, you empower the Private Sector and let them dig us out. We can't afford to let a bunch of failed business government people steer us out of this mess.

Race hustler is a pretty obnoxious thing to say. Plus, I have no idea what on earth you could even be referring to. His tan suit, maybe?

We used to have a conservative in here who claimed there was no sedition on January 6, because if there was then the FBI would charge someone with that very thing and it hadn’t happened. Yet. Well, the wheels of Justice turn very slowly but they do turn. We now have had at least one defendant plead guilty to sedition, and several more on trial right now.

As with any criminal conspiracy, DOJ started at the bottom, but they are working their way up the ladder. Will they charge Trump with sedition? I don’t know. But I feel confident they will charge him with obstruction of justice, and quite possibly election fraud for Georgia. That doesn’t include the possible charges over the stolen government documents. BTW, it was also just revealed that he has shown classified documents to people without security clearances. Not illegal while he was president, but highly illegal now that he’s not. In fact, he has no security clearance now, therefore it’s illegal for him to view the documents he stole.

Trump knows next to nothing about the economy. Anything good he did wasn’t due to any idea he came up with. All he ever did was watch tv and wage culture wars on Twitter during his entire presidency. Well, that and suck up to the worst dictators around the world.

 

[superchuck500]

 

[MT15]

I’m laughing because it’s so stupid, but it really isn’t funny.

 

[Peace]

No point to concede. There is a process to declassify. Trump did not engage in the process. He proceeded to slow-walk returning documents. It is true that he hasn’t been charged…yet.

Trump followed the process as he understood it. That's good enough for me.

A racer hustler…how wonderful. And one can deduce from said statement that you are racist but let’s mush on.

They can? Please explain how I am a racist. We'll wait here until you hash this one out.

 

[Peace]

Race hustler is a pretty obnoxious thing to say. Plus, I have no idea what on earth you could even be referring to. His tan suit, maybe?

Oh it's not obnoxious at all. His comment about Trayvon Martin was telling. God only knows how much he spewed behind closed doors.

 

[Peace]

What will Trump do about the economy?

Let's wait and see, shall we? It'll be 2024 by then and God only knows what jam Biden will have gotten us into. We may be in the middle of WWIII.

 

[coldseat]

Let's wait and see, shall we? It'll be 2024 by then and God only knows what jam Biden will have gotten us into. We may be in the middle of WWIII.

It's just sad you want that autocratic, insurrectionist, ego driven fool to be our president again.

 

[Peace]

No - Trump has lied about election results since before the election. It just came out today or yesterday that he signed a court document with invalid claims about Georgia election fraud, after he was informed the claims were false. He is the least innocent person on this planet, probably.

Yes - Trump saw the same things the rest of us saw: Sudden shifts in battleground states, mass mail-in balloting, Biden's basement bunkering amidst a flaccid campaign, Biden himself, the whole thing was suspicious as hell.

No - he never declassified shirt. Nobody from his administration says he declassified anything, and believe me if he had they would have proof of it. His lawyers told him not to take that stuff to Mar-a-Lago and he did it anyway, and then he lied about it to the FBI.

Yes - He declassified as he understood it. Only lately have democrats been feverishly pouring over the process only to find a nothing burger.

No - I believe our economy now is better than at any time during Trump’s term in office. Note-the stock market isn’t the economy. Our economy is going so strongly that the Fed is having trouble slowing it down to ease inflation.

You believe in Biden - the reality is, the economy is shirt. Fuel and grocery costs are both through the roof, and we're also looking at empty grocery shelves - it gives off a third world vibe. Thank you, Mr. Fake President.

Biden has been a steady, experienced hand. He’s had a lot of challenges, and so far we are doing about as well as can be expected. Inflation is a world-wide problem, exacerbated by supply chain and labor shortages. We are doing much better than Europe, for example. Our economy is the envy of the world right now. Biden is steering us toward much needed infrastructure improvements, helping bring quality manufacturing jobs back to America, and he is working to ease inflation by releasing some of our oil reserves. We are actually pumping more oil now than we were during Trump’s term.

Biden is a bumbling fool, and he's old - REAL old, and everyone sees it. I almost feel sorry for the guy.

Trump has little to no actual understanding of economics, or foreign relations. And he truly mishandled the pandemic. He’s nothing but a grifter, cheating and lying his way through life. Always has been.

Trump had the right approach in the beginning. Be smart, and wash your hands is how we should have done it. It wasn't until Covid disciples stepped in and sent the entire country into hysteria that the real problems began.

 

[Peace]

It's just sad you want that autocratic, insurrectionist, ego driven fool to be our president again.

I'll partially give you the ego thing, but that's nothing compared to the globalist hair sniffing gaffe machine that occupies the WH now.

 

[Peace]

He'll dip into the ol' playbook of giving massive tax cuts to the ultra wealthy and multi-billion-dollar companies! (not saying that will work, because it never does)

What DOES work, zz? The democrats are supposed to be champions of the poor and the middle class, and we've NEVER seen significant improvements at both those levels with democrats in power. Detroit is still a wasteland and the West Coast is an ever growing haven for criminals and drug addicts.

 

[Peace]

Do you understand economics and the mechanisms that drive it, or just what you are spoon fed?

Just what I'm spoon fed, so you better explain it to me.

 

[SaulGoodmanEsq]

I'll partially give you the ego thing, but that's nothing compared to the globalist hair sniffing gaffe machine that occupies the WH now.

Good to see you've removed all doubt on your lack of objectivity.

 

[Peace]

Good to see you've removed all doubt on your lack of objectivity.

Trump is no more a liar than Biden is. They've both told lies, so keeping a rigid finger pointed at Trump and not Biden is stupid.

Trump is not an insurrectionist. He believes he was cheated in the last election and so do many others, including myself.

 

[SaulGoodmanEsq]

Trump is not an insurrectionist. He believes he was cheated in the last election and so do many others, including myself.

Then you are gullible and have my sympathies. BTW, I'm not a huge fan of Biden, either, but until the GOP nominates someone who respects political/legal norms and doesn't campaign based solely on culture war issues I will never consider their national candidates.

 

[bird]

Yes - Trump saw the same things the rest of us saw: Sudden shifts in battleground states, mass mail-in balloting, Biden's basement bunkering amidst a flaccid campaign, Biden himself, the whole thing was suspicious as hell.

Yes - He declassified as he understood it. Only lately have democrats been feverishly pouring over the process only to find a nothing burger.

You believe in Biden - the reality is, the economy is shirt. Fuel and grocery costs are both through the roof, and we're also looking at empty grocery shelves - it gives off a third world vibe. Thank you, Mr. Fake President.

Biden is a bumbling fool, and he's old - REAL old, and everyone sees it. I almost feel sorry for the guy.

Trump had the right approach in the beginning. Be smart, and wash your hands is how we should have done it. It wasn't until Covid disciples stepped in and sent the entire country into hysteria that the real problems began.

Trump made up stuff and you swallowed it hook, line and sinker. How many lawsuits did that orange imbecile lose?

As he understood it? Bullschlitz. He understood nothing except spewing crap that poor, little grievance children like yourself wanted to hear. There was and is a process for declassification and he chose to steal documents belonging to the people. And you worship at his feet for it.

The reality about the economy is that you don’t have a freaking clue about it and neither does Mango MusollinI. Inflation is a psychological reaction. And is going on all over the world.

Trump can’t drink water without holding the cup with both hands, he can’t walk down a slope, he slurs his words and serves up word salad. And you grovel willingly at his feet.

As for Covid, well, fool, actually read something about it Germany came out far better than us. The PRC came out far better. All because your false, lying, racist, misogynistic god did NOTHING and hundreds of thousands of people, many probably Trump-humping idiots like yourself, died.

Do the country and the world a favor: don’t vote in any more elections. Everyone would be better off if you didn’t.