Things I heard on the radio today,

[Ilsa]

listening to Thom Hartmann for a total of maybe 25 minutes off and on over 3 hours:

1. German news and media report that with Trump as president-elect, they no longer consider the US president as the Leader of the Free World. Sounded like most of the EU bestow that title on Merkel.

2. IRS is reporting that tax receipts are significantly down compared to the same period last year, indicating a recession likely looms.

3. The stock market's ratchetting up is because big business is expecting a big fiscal stimulas package from Trump. When the gop throws cold water on it or outsources materials for infrastructure, expect a huge correction, which will also come on the heels of a monetary play by the Fed -- raising interest rates.

4. Paul Ryan removed a provision from a senate bill at the House that required contractors to buy American iron and steel, not from China. His LAME excuse was that the government would have pick winners between US businesses. (This was added on edit)

Hartmann expects trump to preside over a depression, followed by a world war.

Interesting day on the radio.

[pbmus]

1. Impeachment first,...

Kkk has arrived

[Angry Dragon]

2. Trump buys steel and aluminum for his buildings and says we should buy American

what an ass

[Ilsa]

6. Yep. He'll set it up to buy from China, not the US. Paul Ryan

Removed a provision from a senate bill requiring infrastructure contractors to buy American iron and steel.

[Hortensis]

3. Interesting, all right. What's the One World Order up to?

Nice to hear that Merkel is getting some support out of this. We need Germany stable and progressive.

[Farmgirl1961]

4. ugh...

Not to be in the self-preservation mode...but I'm wondering if Thom Hartmann (or any other progressives out there) have any advice for folks on the cusp of retiring...and where to safely put retirement earnings or other investments.

[Ilsa]

7. I'd talk to a professional investment

Advisor about your concerns, and that you are not optimistic about the continued ratchetting up of the Dow Jones.

[Vogon_Glory]

5. My prediction regarding the economy isn't as dire as Hartmann's

But I am increasingly convinced that Trump and the Republicans will throw us back into a recession. The Magoos who think that their Donald is delivering prosperity will find out otherwise.

[louis-t]

8. Repugs will spend 4 years

blaming it on the black guy.

[Vogon_Glory]

9. They might try

The Repuds might try to blame a recession on the Democrats, but unless the economy REALLY starts to tank between now and, say, April, they'll get to own it.

I did some house-cleaning recently and found some newspapers dating back to 2007. The 2008 recession was already underway then. If there is a recession, and I fear there will be, it will clearly begin during the Donald's watch.