HI HO GIDDYUP A SPENDING SPREE FEELS JUST LIKE PROSPERITY
DONALD TRUMP SEEMED TO HAVE CREATED A PROSPEROUS AMERICA IN THE EYES OF THE SHORTSIGHTED.
TRUMP PUT EIGHT TRILLION DOLLARS ON THE US TAB WHEN HE WAS IN OFFICE.
MORE MONEY IS LOST EACH YEAR TO THE WEALTHY AS THE TAX CUTS INSTITUTED BY TRUMP GO ON AND ON YEAR AFTER YEAR.
THERE IS NO POSSIBILITY OF STAGING A REPEAT PERFORMANCE. THERE WAS NO WAR TO FINANCE DURING THE TRUMP YEARS. STILL, TRUMP SPENT EIGHT TRILLION EXTRA DOLLARS INTO THE US ECONOMY. THIS MADE THE ECONOMY LOOK GOOD AND PROSPEROUS AND THE STOCK MARKET SOARED TO NEW HEIGHTS. I DO NOT THINK ANYONE IN GOVERNMENT COULD SPEND LIKE THAT AGAIN. IT WOULD ALSO REQUIRE MUCH MORE MONEY AS EVERYTHING IS UP ALREADY NOW, WITH COMPANIES OVERVALUED BY THEIR STOCK VALUE, COMPARED WITH THEIR EARNINGS.
When my ex-wife took over as breadwinner or financial director we must have looked very successful. The new house looked like a step up into Suburban Standards and size.
ReplyDeleteThat really was not so. My not easily viewed assets and property were gone. I had no clothes or shoes except a couple of car sales outfits. My jewelry inventory and my new line of wax carving models were gone. My musical instruments were gone, my jewelry manufacturing equipment was gone. My extensive collection of boots and shoes, really neat antique clothing and furniture and brand new kids clothes for age one to twelve and my wife's clothes were burned in the arson of the first house.
The new house looked big and nice but it was in a wasteland of mud and unfinished.
I was driving the car lot's Volvo. I bet I was hated as if I was a high roller.
Then Betty or Trixie made like Trump and she spent a pile of my Father's money which I had to pay back and we looked to be very successful with Chocolate and Vanilla, the big store downtown in Victoria but I was impoverished, always scrambling to make payments.
Betty spent and made it look like things were going good to the uneducated viewer.
To do this she spent everything I had and she spent additional hundreds of thousands of dollars which I had to pay or which was deducted from my inheritances.
Watch out for the sham success that spending can fake.