It seems the market is still salivating over the same old empty
promises and rhetoric we've been hearing for a year.
"We spent $6TN on the Middle East [not true, and anyway he was
in favor of the Iraq war], which we could have spent at home
instead.... so I propose a massive increase in military spending...
with no mention of how it's paid for."
"Infrastructure bad, so I propose $1TN to be spent building
stuff... with no mention of how it's paid for."
"Historic corporate tax cuts... still no specifics... with no
mention of how it's paid for."
"Massive tax cuts for individuals... still no specifics... with
no mention of how it's paid for."
"Yes, we're building a Yuge Great Wall... with no mention of how
it's paid for."
"Our national debt is really bad... but believe me we're going
to do all of this."
"ISIS bad...", wait, I thought that issue was going to be solved
day one. He had this amazing plan, remember?
"New healthcare will be awesome...", with vague mentions of
things like HSA's which are only good for people who have lots of
money, and saying that healthy people won't need to be in the
system so how will it pay for itself? And what works in every other
developed country in the world won't work here because...? The
clock is ticking fast, with Congress having at most a few weeks to
look at this before 2018 plans and prices are made. I highly
recommend John Oliver's recent show with his coverage about
this.
Then there was the empty rhetoric about swamp draining, where he
has actually loosened some restrictions, and of course he himself
is exempt. And the usual taking credit for things he had nothing to
do with. Oh and he loves the stock market but also says the economy
is broken.
Where exactly are all these trillions going to come from? Not a
chance a fraction of that stuff becomes real. But at least mentally
ill people can get their guns, thanks to him reversing regulations
on that. Remember the outrage after Sandy Hook? I said at the time,
why do people bother with all this outrage, nothing will change. I
wish I had been wrong.
Back in the real world today, Best Buy is plunging on weak sales
and forecasts, just like Target yesterday. All we've heard for
months is "everything is awesome", so that's strange.
As an aside, check out these floats from a German parade. Wow. I
can't believe they put out stuff like that in public, LOL.
thelocal.de/20...-mercy
And this clip from Colbert a week ago is funny.
youtube.com/wa...iLXm70