·   ·  571 posts
  •  ·  542 friends
  • A


If Democrats win in 2020 it will trigger a Great Economic Depression

If Democrats win in 2020, we are going to see the stock market tank and a recession the likes of which American has never seen before. 

Democrats will be living on the streets, like they do in Los Angeles and San Francisco 

The Trump Economy is setting records, and has a long way up to go...

One needn't be an expert soothsayer to predict that if a Democrat defeats Trump in the 2020 presidential election, taxes will increase. Joe Biden was vice president during the Obama tax increases. Bernie Sanders is a self-described socialist who ran in 2016 with a plan to raise the top federal individual income tax rate to 54.2 percent and to tax dividends and capital gains as ordinary income. Pete Buttigieg has said "Tax cuts for the wealthiest…some of 'em are gonna have to be reversed." Elizabeth Warren has proposed raising taxes by $2.75 trillion over ten years with a new "wealth tax."

Beyond the overall threat posed by tax increases, the Democrats also could endanger specific sectors of the economy.

A "green new deal" or similar efforts to combat climate change by rapidly changing American energy policy might be good for electric car companies, solar-panel installers, and wind-turbine technicians, but trouble if you own an oil or gas pipeline, refinery, or drilling company.

Medicare-for-all or similar pushes for increased government involvement in health care could hurt profits of health insurance companies and the pharmaceutical industry. Axios reports that even Republicans are getting ready to gang up on the drug companies, raising the possibility of a bipartisan deal this year on the issue. The New York Times paraphrased a Goldman Sachs analyst, Stephen Tanal, as saying that "fear of government intervention would probably weigh on health care share prices 'perhaps until the presidential election itself.'"



😥 1
StreetLoc is a Facebook styled Social Media Platform, we are not an Adult-Day-Care, managed by woke kids.
Designed for Family, Friends, Events, Groups, Businesses and People.JOIN NOW

People You May Know

  • More
Comments (1)
    • This was all Donald Trumps fault. The board of SVB was still grieving after his presidency and could not focus on their jobs.

      Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray'

      Login or Join to comment.
      Latest Posts (Gallery View)