2016 Presidential Race Topic

bad_luck
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Posted by moy23 on 9/23/2015 10:16:00 PM (view original):
I will say this ... Realistically the next President should raise taxes..... And make MAJOR spending cuts. It's the best way to get the country out of the hole our politicians are digging ourselves into. Once we begin paying down the $18 trillion national debt we can start to lower taxes again and increase spending where its wise to do so.
Yikes.

I hope your job in "finance" doesn't include any macroeconomic analysis.
9/23/2015 11:04 PM
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bad_luck
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Raising taxes and cutting spending would shrink the economy. It's bad policy.

The deficit is already shrinking, almost entirely because the economy is growing. Current policy puts the deficit at zero in the next few years.
9/24/2015 12:34 AM
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bad_luck
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If you believe that the economy is currently so strong that it can handle a massive contraction, fine. But you should probably vote democrat if that's the case, as Obama has left us in really good shape.
9/24/2015 9:20 AM
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MikeT23
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Too bad that he's going to withdraw.
9/24/2015 10:18 AM
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MikeT23
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Trump likes to be on TV.  But Trump doesn't want his legacy to be a failed Presidential run or failed Presidency.   It's much better for Trump to be able to tell everyone what a great President he'd have been rather than attempt to prove it.    He will withdraw at some point.
9/24/2015 10:40 AM
bad_luck
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Posted by moy23 on 9/24/2015 10:22:00 AM (view original):
Posted by MikeT23 on 9/24/2015 10:18:00 AM (view original):
Too bad that he's going to withdraw.
Wishful thinking.
No, he'll get out once his support starts to give way. Or if he starts to run out of money. He may be worth $3 or $4 billion dollars, but most of that isn't liquid. He doesn't have a rich donor base and it's going to cost $1 billion to win the general election.

I doubt he wants to risk most or all of his cash on the presidency. He's already famous. He's already rich. He has everything to lose and not much to gain.
9/24/2015 11:26 AM
tecwrg
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Posted by bad_luck on 9/24/2015 11:26:00 AM (view original):
Posted by moy23 on 9/24/2015 10:22:00 AM (view original):
Posted by MikeT23 on 9/24/2015 10:18:00 AM (view original):
Too bad that he's going to withdraw.
Wishful thinking.
No, he'll get out once his support starts to give way. Or if he starts to run out of money. He may be worth $3 or $4 billion dollars, but most of that isn't liquid. He doesn't have a rich donor base and it's going to cost $1 billion to win the general election.

I doubt he wants to risk most or all of his cash on the presidency. He's already famous. He's already rich. He has everything to lose and not much to gain.
I'll disagree somewhat on "not much to gain".

Trump's an egomaniac.  Having the spotlight of the presidency shining on him for 4 years is appealing to him.  If he walks away from his candidacy, he once again becomes irrelevant.  He doesn't even have "The Apprentice" to go back to.  He'll just be the super-rich jackass that nobody's paying attention to for the next four years.
9/24/2015 12:07 PM
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