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Ricardo Cabeza
David Pakman Show
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Comments by "Ricardo Cabeza" (@ricardocabeza6006) on "I get CONFRONTED about the "good" economy" video.
When people are not thinking about the economy... that means the economy is good. And the economy was good until the pandemic, when you ignored the economist warnings about the policies you wanted to implement. You ignored the economist and voted for those policies anyways. Now we are here. Own your decision.
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@adamnicholes1002 In Quarter 4 of 2019, there was $500 Billion in home refinancing. Compared to the current $90 Billion. So, to answer your question, a lot of people refinanced their homes during Trump's presidency. Regardless of your feelings, the numbers are what they are. Accept it.
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@prestigedidiot1295 The S&P 500 is currently at 4,754. In December of 2021, the S&P 500 was at 4,766. How is that an improvement, and what has occurred in the two years between those two numbers? Now, would you like to compare the Federal Interest Rate under Biden and Trump? Or does that metric not fit your narrative?
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True, it's not possible for anyone with a background in economics to ever give their opinion on the economy... You're brilliant!
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@prestigedidiot1295 There are a vast number of objective economic data points to reference. Economist gather all these data points to formulate a subjective opinion about the wellbeing of the economy. This is why so many economist disagree all the time. So yes, we are discussing economic opinions.
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@prestigedidiot1295 You should read the first sentence of my previous comment over and over until it makes sense. Read it out loud if you need to.
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@prestigedidiot1295 You're right, it doesn't change what you said. Because what you said was completely redundant and irrelevant given what my first sentence said. You're brilliant!
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@prestigedidiot1295 Tell me, would you be willing to refinance your home right now? Or do you not want those new interest rates?
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@robertjohnson-er4rp Ahh yes, the democratic effort to clean up the economy after the financial collapse in 2008. An effort lead by our current President. An effort that resulted in Occupy Wall Street in 2011. Did you forget that part of the story?
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@prestigedidiot1295 How has the stock market done better given those two numbers spanning two years of Biden's Presidency? You keep saying the same thing over and over without substantiating it with objective facts.
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Look at Sweden, it was really easy. They never shut down their country. But you wanted everyone to stop working and stay home. And when the policies weren't enough, you voted for Biden and more economic turmoil took place as a result of those pandemic policies. You chose this. Own it.
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@robertjohnson-er4rp 1. When Trump left office, we were in the middle of a pandemic where people like you demanded everyone stay home. So yes, there were massive layoffs and unemployment was high. Do you not recall the multiple checks written to all Americans because they weren't allowed to work? And manufacturing has slowly moved overseas as people like you want an increasing minimum wage with free trade to countries that don't have those same economic regulations. Manufacturers can produce things cheaper overseas, with no tariff to import. Of course they left the country. 2. The New York Times published an article on 4/14/19, written by Ben Casselman and Jim Tankersly, openly stating that most American's received a tax cut as a result of Trump's tax plan, and there is a widespread misinformation lead by Democrats stating otherwise. You're still parroting that misinformation. 3. By 2019, under Trump, the country was actually exporting more oil than importing for the first time in decades. OPEC reducing production increased the value of our exported oil. This value did not impact our domestic supply, given we were in a surplus. Basic supply and demand. Enjoy avoiding reality.
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