Trump Calls for Stimulus to ‘Prime the Pump’

[corbe]

Trump Calls for Stimulus to ‘Prime the Pump’

By David Thornton  |  December 8, 2016, 03:18pm  |  @captainkudzu

Donald Trump has again embraced the idea of a stimulus spending bill to help jumpstart the economy. In his interview with Time Magazine for the Person of the Year issue, Trump said that it was necessary to “prime the pump” to increase economic growth.

During the campaign, Trump had advocated an economic stimulus plan that was larger than that proposed by Hillary Clinton. Last August, Trump discussed his ideas on stimulus on Fox Business (quoted in Bloomberg), saying, “Well, I would say at least double her [Hillary Clinton’s] numbers, and you’re going to really need more than that. We have bridges that are falling down. I don’t know if you’ve seen the warning charts, but we have many, many bridges that are in danger of falling.” Clinton’s plan had an estimated price tag of $275 billion.

To pay for his plan, Trump said, “We’ll get a fund. We’ll make a phenomenal deal with the low interest rates…. People would put money into the fund. The citizens would put money into the fund,” he said, adding that he’d use “infrastructure bonds from the country, from the United States.”

Trump’s comments in the Time interview, which was conducted on Nov. 28, appear to indicate that he is not moving away from his plans to spend large amounts of money on an infrastructure stimulus. Trump’s full comment on the stimulus during the interview was vague on details.

“Well sometimes you have to prime the pump. So sometimes in order to get the jobs going and the country going, because look, we’re at 1% growth,” Trump said. “I was taking to the head of a major country, because most of them have called me and I’ve talked to all of them. ‘Yes, we are doing not well, not well. Our GDP is only 4.5%.’ I said wow, if our GDP was 4.5% we’d be the happy – I mean our GDP is probably less than 1% if you think about it. And going in the wrong direction.”

GDP growth in the third quarter was reported at 3.2 percent.

Other members of the incoming Trump Administration have signaled their support for government intervention in the economy as well. In a post-election interview with the Hollywood Reporter, Steven Bannon

<..snip..>

http://theresurgent.com/trump-calls-for-stimulus-to-prime-the-pump/

[Cripplecreek]

Sounds like lube to me.

[Wingnut]

Bend over. 

[corbe]

The support of stimulus spending by the Trump Administration may set up an early confrontation with Republicans in Congress. Many Republican congressmen are deficit hawks who campaigned on cutting federal spending and shrinking the government. Trump’s plans for more government spending will put these Republicans in a crossfire between Trump supporters and debt-conscious voters in their districts.

The conflict will provide a window into the character of the new Republican Party. Will conservative Republicans stand for the traditional Republican platform of less spending and smaller government or will they listen to the siren song of borrowing and spending from the incoming president?

    Gee, I wonder how this battle will end?

[Cripplecreek]

    Gee, I wonder how this battle will end?

Trump will sic his rabid jackals on anyone who opposes him.

[INVAR]

Trump will sic his rabid jackals on anyone who opposes him.

Might as well just have kept Obama in there for another term.

Same as it ever was.

[Right_in_Virginia]

The Resurgent quoting Time Magazine.  This is the best of #fakenews   

[corbe]

The Resurgent quoting Time Magazine.  This is the best of #fakenews   

   Again @Right_in_Virginia you are attacking the messenger and not the message, so I will repeat TRUMP's own words for you.

“Well sometimes you have to prime the pump. So sometimes in order to get the jobs going and the country going, because look, we’re at 1% growth,” Trump said. “I was taking to the head of a major country, because most of them have called me and I’ve talked to all of them. ‘Yes, we are doing not well, not well. Our GDP is only 4.5%.’ I said wow, if our GDP was 4.5% we’d be the happy – I mean our GDP is probably less than 1% if you think about it. And going in the wrong direction.”

   You deny that Trump has discussed Stimulus on numerous occasions?


    And one more thing while I'm at it, the poster doesn't always necessarily agree with the premise of the article he/she/it posts, it is just a communal like sharing thing, just in case someone else might pick up some insight or have an urge to rant on me.

 

[Vulcan]

Trump is now and has always been a liberal POS, and he will continue to prove it.

That Time Donald Trump Praised The Stimulus Package On Fox News

[Bigun]

I will assure Mr. Trump that passing REAL tax and regulatory reform measures will be more than sufficient all by themselves.  No additional stimulus needed or warranted.

[Rivergirl]

Get ready for Solyndra 2

[Wingnut]

The Resurgent quoting Time Magazine.  This is the best of #fakenews   

You are stuck on stupid.

[corbe]

Trump’s Keynesianism without Crisis
 
 Noah Rothman  / Dec. 8, 2016


“Sometimes you have to prime the pump,” President-elect Donald Trump told TIME Magazine reporters when asked if Republicans in Congress would support his $1 trillion infrastructure proposal. “So sometimes in order to get jobs going and the country going, because, look, we’re at 1% growth.”


That’s textbook Keynesianism. The logic is similar to that which was favored by Barack Obama and his economic advisors in the wake of the 2008 financial crisis, but with one key distinction: The crisis it would be applied to address doesn’t exist.

<..snip..>

https://www.commentarymagazine.com/politics-ideas/trumps-keynesianism-without-crisis/

[Suppressed]

The Resurgent quoting Time Magazine.  This is the best of #fakenews   

So you're agreeing that it would be absolutely idiotic, utter madness, the mark of an imbecile, to call for stimulus?

[Oceander]

So, other than skin color (orange versus dark brown), what is the difference between Trump and Obama when it comes to economics. 

[InHeavenThereIsNoBeer]

God help us, we (not me) elected Paul Krugman as POTUS.

[Oceander]

The Resurgent quoting Time Magazine.  This is the best of #fakenews   

Which is quoting Trump.  Are you denying that Trump said what he said?

Clearly, denial ain't just a river in Egypt. 

[Oceander]

God help us, we (not me) elected Paul Krugman as POTUS.

I know.  Even so, thanks to the Trumpettes we're going to have to suffer him and his depredations as we've suffered under Obama. 

[Suppressed]

So, other than skin color (orange versus dark brown), what is the difference between Trump and Obama when it comes to economics.

Trump's views are closer to pure Fascist Economics espoused by Mussolini.

Obama has an interesting blend of Hitler, Marx, Mao, and, also, Mussolini.

[corbe]

    The only thing standing between US and all this spending is Paul Ryan, so we're screwed.

[Weird Tolkienish Figure]

    The only thing standing between US and all this spending is Paul Ryan, so we're screwed.

No no no Michelle Malkin is very upset Paul Ryan will try to thwart Trump.

[corbe]

No no no Michelle Malkin is very upset Paul Ryan will try to thwart Trump.

   Ryan never stood up to a black man, I seriously doubt he'll stand up to an orange man.

   Maybe Michelle has had a look up Ryan's dress and seen something I thought he lacked.

[Cripplecreek]

   Ryan never stood up to a black man, I seriously doubt he'll stand up to an orange man.

   Maybe Michelle has had a look up Ryan's dress and seen something I thought he lacked.

As far as standing up to Trump on spending is concerned, I suspect it will be the usual ones, Cruz, Lee, Paul, Sasse and a few others.

[txradioguy]

Bend over.

I believe the term is BOHICA.

[txradioguy]

The Resurgent quoting Time Magazine.  This is the best of #fakenews   

@Right_in_Virginia what is factually inaccurate with the story?