economy

Hickenlooper is Right: Socialism is NOT the Answer 

Hickenlooper is Right: Socialism is NOT the Answer 

By Lee Enochs  

This past weekend was a busy one for many Americans, as many of us enjoyed the great outdoors as the weather warmed around the country, the liberal political world also showed signs of heating up. A particularly “heated moment” took place just a few days ago at California’s Democratic Convention during 2020 presidential hopeful Hickenlooper brief but controversial remarks before that progressive political body.

The fawning adulation and applause the pragmatic former Governor of Colorado received at that Democratic Convention quickly turned into anger, vitriol and a cascade of boos as Hickenlooper rejected the notion that socialism is the answer to America’s political and economic problems. “If we want to beat Donald Trump and achieve big progressive goals, socialism is not the answer," Hickenlooper boldly proclaimed to a crowd of more than 4,500 progressive delegates this past Saturday.

Trump’s Embrace of ‘Bubblenomics’ May be his Downfall

Trump’s Embrace of ‘Bubblenomics’ May be his Downfall

By Murray Sabrin

Two days after Donald Trump announced his candidacy in 2015 he told “Morning Joe” on MSNBC: “We have a big, fat bubble coming up, you watch. We have artificially induced low interest rates … I borrow money … You pay like nothing; they give you free money. Now that’s bad, that’s not good.”  

Despite sounding like a “hard-money” critic of the Federal Reserve as a presidential candidate, President Donald Trump has been reminding the American people in tweets and chats with the press in the Oval Office that the stock market has boomed during his presidency, and he really is a “low-interest person.”

Here is some background to Trump’s 180-degree pivot from Fed critic of easy money to Fed critic of “normalizing “interest rates.

The increase in short-term interest rates since late 2015 did not stifle the stock market’s climb to an all-time high in January 2018. After having a mild correction in the first quarter of 2018 the stock market, as measured by the S&P 500 index, rocketed to an all-time high in September 2018 at 2940.91.