Comments by "Ray Bod" (@raybod1775) on "Xi Keeping Powder Dry While Trump Splurges on Stimulus" video.

  1. Cmtat The real fault is both parties, but the Republicans can be worse than the Democrats. Ending the Glass-Steagall Act was the worst thing the politicians did. Then ending most tariffs, tax write offs to exports jobs overseas, free trade with China, allowing publicly traded corporations to buy their own stock. We really need a Constitutional Amendment that forces a balanced budget. In a time of emergency declared by 60% ? of states, the Federal government can run deficits. States need more power. The Federal government is sucking the energy out of the Capitalist system.
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  2. They're not passing the bill because it's a big cash giveaway to the big corporations and executives who created this crisis by borrowing money to buy their own stock and pay themselves bonuses instead of investing in their own corporations. They can issue bonds and stocks. If that doesn't work, they go bankrupt. If they're too big to fail like GM was in 2008, they get recreated as a new business entity. It's the middle class that pays for all this in the end.
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  3. Joshua Allen You are absolutely right. Keeping interest rates too low all these years allowed corporations to buy their own stock and devalued the worth of the dollar, along with Trump and the Republicans running huge budget deficits. This reckless irresponsibility caused the debt crisis we are now in. All this money printing and deficit spending at a time when there's falling demand and supply chain disruptions is plain stupidity. Timing is everything and the leadership is mis-timing everything. Too much too soon. The Republicans fight for the rich corporations to get money and the Democrats fight for the average person. Good luck in your future and always keep an open mind to learning.
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  4. yak fisher The Republican President Nixon opened the door to China.
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  5. Yang Zhao You mean our liquidity crisis here in the U.S.?
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  6. Kyle Alexander The Chinese version of 'keep the powder dry' probably goes back to the time when they invented gun powder.
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  7. It seems like thats all the Republican leadership in the U.S. knows how to do. What a total reversal from the Republican party of the 1950's.
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  8. Kingpookienation Alvarez Corporate executives screwed America by moving jobs overseas and borrowing money to buy their own stock to boost the price.
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