It's no wonder Trump has gone BK, what is it 6 times? He doesn't understand simple economics
Like Supply & Demand. This is Middle School stuff, when the Supply goes up, the price goes down.When the price is High, you Sell, when the price is Low, you Buy.
The price of crude oil is low right now so it's the worst time to sell oil from the SPR (Strategic Petroleum Reserve). Besides, that oil is supposed to be used as a hedge against domestic supply disruptions causing widespread economic impact akin to what happened in 1973 due to the Arab Oil Embargo, NOT for bailing us out of the $Trillions of extra debt Trump has created by mismanaging the countries finances.
This reminds me of the time when another ignorant Republican president GW Bush was Filling the SPR when the price of Crude was around $98. a barrel.
Comments (58)
I'm not sure what relevance the other comments have, so I'll pass on them.
The Don has NEVER "Gone BK"
Good Grief
Try searching this ...
American Bankruptcy Institute › exa...
Web results
Examining Donald Trump's Chapter 11 Bankruptcies | ABI
Try Copy/Paste instead!
Different link - same article.
He's criticized Trump's many bankruptcies on several occasions.
If they were under his control he wouldn't be bankrupt. The "buck stops here applies to the the CEO, owner etc. ever time."
and, what is the interest rate of the deficit vs the price of tea in China?
His permanent huge tax cut for the rich, significantly decreased
revenue for the government and his increased spending further increased
the deficit.
What all presidents inherit (or more precisely, what the taxpayers inherit)
is the national debt and his huge deficit will cause that to go up significantly.
until a president with sanity eliminates it.
Even a mediocre businessman would know better, than to do that.
Indeed, anyone with common sense would know better, than to do that.
What makes it even worse, is that he gave those permanent tax cuts to the people who need it the least.
Oh really....lol.
Not a bad idea for Trump...but Melania just left the building...
He's not YOUR Prez.
But y'all get the idea.
Condolences to you and others in the USA...