‘No end in sight’: Blackstone CEO doesn't think the US can handle another term under President Biden — or what he calls 'four more years' of debt misery. But is it really that bad?
‘No end in sight’: Blackstone CEO doesn't think the US can handle another term under President Biden — or what he calls 'four more years' of debt misery. But is it really that bad?
Plus the billionaire's reasons for remaining optimistic about 2024.
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If you're concerned about the deficit, you should vote for the Democrat.
Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s got it back to a trillion."
Politifact rates that Mostly True. This is dated before the Biden Administration, of course.
You can bet your ass that this fucker knows this perfectly well. Just the fact that this dude has the gall to tell such a bald faced lie shows how little facts count in US politics.
They directly reference the data from the feds, which shows that the direct statement isn't completely true. It does show that democrats(Clinton in particular) were better about not increasing the deficit.
Well, yeah, it's never really as simple as all that. Clinton, in particular, has to get most of his budgets past Newt Gingrich in the House. Newt, for all his many, many faults, might have been the last Republican to care about actually balancing the budget, as opposed to just talking about balancing it while cutting taxes.
this is the same old song and dance whenever a democrat is in office.. we suddenyl cant afford anything, and were about to collapse... but when a republican gets into office its tax-cuts alll the way regardless of debt. debt is never even mentioned.
this is all a complete waste of time.. 'news'
When was Biden elected? When was trump elected? Hmm
Facts First: Biden’s claim is correct. The national debt, now more than $31 trillion, increased by just under $8 trillion during Trump’s four years in office, in part because of Trump’s major tax cuts.
I didn't want to editorialize my post. But fuck this guy.
This is that fucking leach of a company that has been buying up shitloads of single family homes around the US to extort insane rent out of everybody.
If this slimy fuck doesn't like the current admin, then it must be doing something right.
That was my reaction when I saw this parasites opinion.
I swear you can take this exact story and repeat it in year 3 of every single Democratic president. "Debt debt debt" is all you hear (ignoring the deficit that is shrinking) until the R's are in office, then it is "we need to help the job creators by cutting taxes."
Hell, you don't even have to wait until year 3. I remember mercilessly mocking a friend of mine who shared a story about how Obama had increased the debt X amount... before he was even inaugurated.
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge funds, insurance, secondaries, and growth equity. As of June 2023, the company's total assets under management were approximately US$1 trillion, making it the largest alternative investment firm globally
Yeah, I'm going to suggest that this oligarch keep his mouth shut, ere the revolution eats him alive.
So commercial real estate is in trouble and he wants to blame Biden. That started back with Trump and Covid.
Don’t eat junk food, it’s bad for your teeth.
Compost and grow veggies.
He's half right, but it'll be because the QOP is going push open secession. The debt is dork shit, I'm keeping my eyes on the Texas border 👀