Charles Gasparino of Fox News Business today said on “Countdown to the Closing Bell” that Former Fed Chair, Alan Greenspan attacked President Trump’s Tax Plan that is presently bringing jobs and company bonuses, hope, to MILLIONS of people in America!
Gasparino stated that Greenspan had a controversial tenure as Fed Chair. Is he trying to undo President Trump’s market rally? The market was up at 150 points at around 2:00 pm today, Wed., January 31, 2018, when the Fed said that they would not change the interest rate. But later on, at around 2:20 pm the market dropped and went onto negative territory. At this time, Alan Greenspan was giving a BIASED speech on Bloomberg against President Trump’s Tax Reform plan.
GREENSPAN WARNING WAS: “there are two bubbles. We have a stock market bubble and a bond market bubble. At the end of the day, the bond bubble will be the big issue”
Greenspan attacked President Trump’s SOTU address STATING that there too many priorities. Basically, said that we would have a stock market crash and he said that it would be led by higher interest rates.
This from a guy who set the stage through massively lower interest rates for the housing MARKET collapse, which led to the financial collapse. And, when it was actually happening, he didn’t know it was happening 2004, 2005, 2006.
What you have is a former Fed Chair attacking President Trump’s economic policies and his stock market. Stating that the market will crash. The White House had no comment.
Mr. Greenspan is all wrong, he was all wrong then during the housing crash he caused and is wrong now. Is he trying to destroy President Trump? Is he trying to be relevant?
When Barack Obama came into office, he did a stimulus package, $800 Billion, peanuts compared to the size of our economy.
President Trump’s Stimulus plan, taking the corporate rate from 35% to 21% is trillions upon trillions back to the corporations. It is a huge stimulus package. This is giving money to corporations and they are not sitting on it. They give bonuses, they try to hire, buy back stocks. It is all going to be good for the economy. It is much bigger than what Obama did.
THIS PLAN IS TRILLIONS upon TRILLIONS! This is going to help our Corporations, our Corporations will hire more people and gives raises and bonuses to the employees. Employees will have more money in their hands and tax breaks to boot!
Source: Fox Business News