Monday, February 05, 2018
TKC TOLD YOU SO!!! PREZ TRUMP STOCK CRASH!!! HISTORIC 1175 DOW PLUNGE PUTS 'AMERICA FIRST' AGENDA IN JEOPARDY AS KANSAS CITY CONFRONTS DEBT BOMB!!!
President Trump made a rookie mistake by connecting the success of his administration with stock market highs as confidence in his agenda tanks right along with economic numbers.
To wit . . .
PREZ TRUMP AND HIS #MAGA SUPPORTERS OWN THE BIGGEST DECLINE OF THE DOW IN HISTORY!!! MEANWHILE, KANSAS CITY TAX & SPEND STRATEGY IS IN EVEN WORSE SHAPE!!!
The tragic joke on most Americans today is that tying political ideology to financial decisions is ALWAYS a horrific mistake. That's why right-wing pundits encouraging people to keep buying clearly don't have the best interests of broke-ass locals in mind.
Check the links . . .
CNBC: Art Cashin: The stock market 'snapped like a twig' and may take a day or two still to find bottom
CNN: Market mayhem puts Trump in a tough spot
Vanity Fair: Is Trump’s Stock-Market Honeymoon Headed to Chernobyl?
Fox Biz: US economy fundamentally strong despite stock market plunge
CNBC: Stock market loses more than $1 trillion in value in February
Politico: ‘The president clearly set himself up’: Trump’s stock market miscalculation
New York Times: Trump Accuses Democrats of ‘Treason’ Amid Market Rout
Now, this link selection is contradictory yet still informative because it offers experts weighing the HISTORIC slide with all kinds of theories and analysis when the reality is clear: THEY DON'T KNOW.
Remember that some clueless supporters of the Prez even encouraged locals to buy on Monday in the TKC comments while our blog community overall WARNED of impending doom as other local news outlets were busy too busy to report on the economy whilst planning their Super Bowl parties.
Right now we wouldn't dare tell people what to do with their money but we do offer this bit economic reality for Kansas City . . .
In financial good times Kansas City elected officials spent exorbitantly on pet projects and tourist attractions while neglecting real work on infrastructure and strengthening the finances of City Hall. Now, amid the current economic pull back, interest on bond payments trends higher and garnering cash is a much tougher proposition yet Mayor Sly continues his tax & spend strategy and looks to return to voters with a request for more local levies later this year.
On this cold night amid another Winter of our discontent, local residents might reflect of the grandiose economic promises of politicos of every stripe and notice the words don't necessarily ring true in their financial statements.
Developing . . .