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.

Post Comment

Comments (58)

It may not make good economic sense, but politically speaking if he can drive down price at the pumps his people will cheer him even Laughter. Trump, Trump, Trump, they will yell with great glee.
The scheme I described need NOT be carried out. Trump needs only to announce he did this on his Tweet Machine to get the desired campaign kick.
Further proof he cares more about himself than he does for our country. very mad
Trump is apparently only thinking of this upcoming election and he's obviously trying to stack the deck in his favor by dumping 15 Million barrels of oil on the market which even an idiot like him knows will cause the already falling pump price of gas to fall even faster and further. This will make him look like a hero to the motoring public who he hopes will vote for him for a second term.
bit of a larf saying Trump does not understand economics considering the wealth he has from the 20 mil he started with .
The total amount Trump got from his father is about $514,000,000
I have read other information
On Twitter or Facebook ?
this will sound worse to you ..........fox
Trump makes really big deals Jim really big. Too big for you to understand. Imagine Trump moon Hotel with hot tub?
I might buy half of that theory had not President Trump proposed this in 2017. Lower gas prices.... yes it would help consumers and if the sales are indeed directed towards the deficit, it's a win win. And naturally it looks good on a resume of accomplishments that he's ringing up everyday.

I'm not sure what relevance the other comments have, so I'll pass on them.

cool
For The Record -
The Don has NEVER "Gone BK" scold
’s-chapter-11-bankruptcies
Good Grief doh

cowboy
Page not found
The link gets separated & won't work. Why?? dunno

Try searching this ...

American Bankruptcy Institute › exa...
Web results
Examining Donald Trump's Chapter 11 Bankruptcies | ABI

cowboy
It's the Apostrophe that separates the Link!
Try Copy/Paste instead!
thumbs up
Different link - same article.

cowboy
Heart warming...semantics...laugh
I guess Warren Buffet doesn't understand what bankruptcy is then. rolling on the floor laughing

He's criticized Trump's many bankruptcies on several occasions. laugh laugh laugh
Love the lawyer's excuse "bankruptcies are often due to circumstances outside the owners control". doh

If they were under his control he wouldn't be bankrupt. The "buck stops here applies to the the CEO, owner etc. ever time."
Jim, i think Trump inherited the deficit.
and, what is the interest rate of the deficit vs the price of tea in China?
P - No, he caused the deficit. It's from an unbalanced budget.
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.
one should consider the president/deficit per term of all presidents before one is singled out.
And I will add, that since that huge tax cut for the rich is permanent, it negatively affects every future government budget,
until a president with sanity eliminates it.
we see only what we want to see and hear only what we choose to hear.
P - The deficit is not necessary, nor even in place until AFTER the newly elected (or returning) president submits a budget for that fiscal year and it is approved by congress. At the time the huge tax cuts were passed, the republicans controlled all 3 branches of government.
Trump decreased revenue and increased spending.
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.
you need to get laid.
^^^^
rolling on the floor laughing
^^^^^^
Oh really....lol.

cool
BTW; Do you all know who is the largest holder of out IOU's?
Getting laid...lol...laugh

Not a bad idea for Trump...but Melania just left the building...grin
Yes we do, but I can't wait to hear your spin. Please use facts, not metaphors or your opinions.



cool
OK --
He's not YOUR Prez.
But y'all get the idea.
grin

cowboy
laugh

Condolences to you and others in the USA...


bouquet
Now the Space Force makes sense ....wonder if he'll give us a free ride.conversing
Thank you, Lou. You're a kind lady smile
kiss

cowboy
While you were laying down all that logic ^^^^ I was getting us a ride to Trump Moon Hotel.wine
Post Comment - Let others know what you think about this Blog.
Meet the Author of this Blog
ooby_doobyonline today!

ooby_dooby

Ashland, Virginia, USA

About me: 155 lbs brown/salt & pepper hair blue eyes. Single parent and all around nice guy. I never smoked and don't do drugs or drink except a little of my own homemade wine and I love good coffee. I actually enjoy washing dishes. I don't watch spo [read more]

About this Blog

created Feb 2020
1,488 Views
Last Viewed: 10 hrs ago
Last Commented: Feb 2020
ooby_dooby has 60 other Blogs

Like this Blog?

Do you like this Blog? Why not let the Author know. Click the button to like the Blog. And your like will be added. Likes are anonymous.

Feeling Creative?