Just a reminder that it’s been zero days since the president said something both incredibly stupid and embarrassing.

These memes are so dumb. Clinton didn’t balance the budget. Tax receipts exceeded debits due to business cycle expansion. Causing a budget surplus of 6%. Bush had a 5% budget surplus during peak business cycle as well. Obama took over during a financial meltdown and central bank liquidity inflated asset prices and there was no surplus during the Obama years. We’ve been in a deficit spending nightmare due to an addiction of low rates and central bankings injection of capital to prop asset prices. Trump will face a recession it will get blamed on a trade war when in fact the cause of the recession is debt. We have not repaired the economy from 2007-2008 we’ve done the equivalent of putting a band aid on an infected wound.

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