Livin' Off The Gold Card

Isn't high level credit great?  A gold card, maybe a platinum card, or better yet an American Express with unlimited credit?  You bet it is.  Spend, baby, spend!  The bill won't come due for a month, and even then I'll have a ten day grace period or so before I have to pay up.  But what if my income isn't sufficient to meet that obligation?  The AmEx is due and payable, OK, but I can make partial payments on the others.  And next month I can do it all over again.  Cool.  Let's see what I can buy in the next, oh, say, eight years.

That scenario sounds immature and infantile on a fiscal level doesn't it?  Who, in their right mind, would do something as monetarily suicidal as that?  But that's exactly what the Kenyan has done to us for the last eight years.  Foreign governments were more than willing to buy US debt, so he spent and spent and spent.  On borrowed money.  Just like an unlimited credit card.  In fact, during his two terms in office, he racked up almost as much national debt than all previous presidents before him combined.  Yep, all of them combined.  He essentially doubled the national debt to within a hair's breadth of $20,000,000,000,000.  That's 20 trillion dollars.  Twenty followed by twelve zeros.  A number so large it defies rational understanding.  To make this a more manageable figure, he spent more than $100,000,000 - a hundred million dollars - every hour of his administration.  Consider that there is only $1.5 trillion currently in circulation.  That means we owe over thirteen times what we have in liquidity.

Where did the money go?  Oh, right.  To stimulate the economy.  That policy of crony capitalism worked like a charm for Wall Street, though, didn't it? But it didn't work so well for the rest of us.  It didn't get to the right places.  Yet in spite of all of the stimuli,  the Kenyan is the only president in history under whose administration the economy failed to reach a GDP growth rate of at least 3% per year.  Deliberate destructive policies?  Absolutely. 

While the media and the insane clown posse fret about loud, shrill, fat, has-been ugly hags in pink pussyhats, foreign governments have begun to shed US paper.  That could be bad; the equivalent of metaphorical collection agents knocking on your door to collect your AmEx bill.

Clearly President Trump has his work cut out for him.  He has to get the gears of commerce meshed so that the economy is working from the ground up, primarily through small and medium businesses.  And certainly not swished around in nebulous and intangible stock trades.  Thankfully, he is a serious and successful businessman rather than an overeducated-for-his-intelligence politician, and he understands the dynamics of a functioning economy.  Get government off the backs of the producers; stop uneducated and illiterate illegals from sucking up government largess; cut the confiscatory taxes companies and individuals are burdened with; and cut the bloated size of the federal government so that less money is needed to feed it.  That's just for starters.

So let the left freak out.  Let the politicians whine.  Let the media spew its regressive propaganda.  The business of getting a fiscal house in order after years of addiction to free money will take time and testicular fortitude.   

But guess what.  The Donald has both.  In spades.