Someone more knowledgable in the specifics please correct me, but ...Suranis wrote: ↑Mon Mar 16, 2020 3:56 pm I cant wait to tell MAGAmorons who bing up Obama that trump added 2 trillion dollars to the national debt in 2 weeks by throwing money at the stock Market.
The result of todays throwing money at the problem is to raise the DOW 700 points over the opening bell at 11:26... and then it started falling again and its below the opening bell again. Either Trump has investments that he is desperate to get the price up to, and/or he is terrified of "now we are worse off than under Obama."
It's bad, but it's not quite that.
They "printed money" and then loaned it to the banks at effectively 0 interest.
It dilutes the dollar, but it doesn't add to the National Debt.
It worked great for Venezuela. /end sarcasm