Posted on 07/22/2019 11:06:53 AM PDT by Signalman
The Democratic presidential candidate Elizabeth Warren thinks she knows how to prevent the next economic crisis.
Warren, who says she spent years before the 2008 financial crisis warning Congress and regulators of the faulty loans that would eventually collapse, wrote a post on Medium on Monday cautioning about another "coming economic crash."
"When I look at the economy today, I see a lot to worry about again," Warren said. "And I see a number of serious shocks on the horizon that could cause our economy's shaky foundation to crumble."
Here are the three things Warren says could cause the next recession and how she would address them: 1) The problem: Household debt Warren highlighted climbing student, auto, and overall household debt as some of the biggest risks to the economy. She said slow wage growth and rising costs had forced families to take on debt to pay for housing, childcare, and education.
The solution(s): To ease household debt, Warren proposes raising the minimum wage to $15 an hour, strengthening unions, closing the pay gap, and allowing workers to elect at least 40% of the board members of US companies.
(Excerpt) Read more at markets.businessinsider.com ...
Full Title:Elizabeth Warren just issued a stark warning around a ‘coming economic crash’ — and outlined a plan to avoid it
She’s been hittin the fire water again
The Democrats put us in the last one, along with Obama. 8-9 years of economic depression. You still see the results, especially in every shithole city in America.
Who would believe 1024th aboriginal American, Elizabeth Wampum, about anything.
instead of raising the minimum wage...how about you CUT SPENDING and CUT TAXES.
Best way to avoid an economic crash is to re-elect Donald Trump in 2020.
BUT - She is the only Dem candidate in the circular firing squad to say I have a plan. Good plan or indifferent it is a plan and a position and not the Trump bad platform. So she is the current real threat.
There’s a 1/1072% chance she’s correct.....
As expected Dizzie Lizzie goes full retard
Nothing new here...
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All the Dem Candidates could care less about the Economy.
They deal in Fiction and grievances. Furthering the Fiction and the grievances.
Why would they pick a real quantifiable subject when they get accolades for making it all up.
Social Warriors suck at Money.
.
Let me guess: “Higher taxes, increased spending, more regulations.”
Gee, that’s so novel.
And she should know... after all, she was a professor at Harvard - LOL!
Someone who probably personally benefited from the Trump economy.
There certainly will be a crash if Gray Beaver gets elected.
I think she’s probably right about this. It’s unavoidable. The question is, can it be staved off until after the election.
Trump is great, but even he can’t fix the economic disaster bubbling below the surface for the last several decades. It’s why even he had to drastically increase the national debt to keep it from collapsing.
Ultimately, we’ll be forced to go through massive price inflation to monetize the debt. Either that or total collapse, which I don’t see as politically viable.
I remember thinking that $8,000 was an absurd amount of money to pay for a brand new car (1980 Buick Skylark). Now it seems cheap. I suspect that $80,000 will seem cheap in another decade or so.
But it’s not about trump. It’s about the damage that was being done for decades before he was elected.
It’s Democrats forcing banks to issue more loans to unqualified borrowers (AGAIN), Democrats pushing government-backed school loans (with the default rates skyrocketing), Democrats trying to complete a take-over of 1/6 of the economy through healthcare... and Democrats want to warn about avoiding economic crises? Really?
Lizzie Warren took an axe...
Gave the economy forty whacks.
She identified three valid areas of concern - household debt level, corporate leveraged debt level, and manufacturing downturn. But her solutions leave much to be desired.
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