Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

karynnj

(59,507 posts)
1. Who cares?
Fri Dec 1, 2017, 08:27 AM
Dec 2017

The market will overreact, but then stabalize. Unless you have to sell tomorrow, you likely lose very little other than possibly some due to speculation.

However, if the bill passes, the economy itself will be negatively impacted. If it really takes money from the poor and middle class, it could actually slow the economy. They will cut back spending. The top 1 percent might not spend all the additional money they do not need.

 

NCTraveler

(30,481 posts)
7. I think some are really missing how devastating the perception will be if it passes.
Fri Dec 1, 2017, 09:03 AM
Dec 2017

I feel we will go through two plus years of and economic surge. It will be based off of the tax law and not anything to do with consumers or purchasing power outside of that of major corporations. Extremely large sums of money will start moving. That included investing. There is no control of where those funds will be used to invest and most of the fat cats are seeing an opportunity for better returns investing in other countries.

If this passes, Trump will go into the next election with a booming economy, as far as normal statistics used to determine that factor. It will be a fake bubble created by way of legislation. That bubble is not going to pop for a couple of years.

Demsrule86

(68,733 posts)
2. The bill is a disaster and the irresponsible market which has nothing to do with reality these days
Fri Dec 1, 2017, 08:50 AM
Dec 2017

needs a correction otherwise we face an economic debacle as in 08.

Vinca

(50,319 posts)
6. One of these days the stock market will take a nose dive for one reason or another.
Fri Dec 1, 2017, 08:56 AM
Dec 2017

It may be connected to King Moneygrubber's policies or the current balloon might burst. It's nothing but a big casino.

edhopper

(33,646 posts)
8. The Republicans will eventually crash the market
Fri Dec 1, 2017, 09:34 AM
Dec 2017

they always do.
Their hatred of regulation always leads to a major crisis.

Latest Discussions»General Discussion»If the Senate fails to pa...