Trump Signs Massive Spending Bill As Stock Market Tanks
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FEATURING NOMI PRINS – Donald Trump very early on Friday morning signed into law a massive spending bill that ended fears of another government shutdown and brought to a close a battle that began in December. Despite Democratic lawmakers threats to stymie any bill that did not have protections for undocumented youth, the bill passed with bi-partisan support. The Senate voted 71 to 28 and just hours later the House voted 240 to 186.
The bill boosts spending dramatically, much of it on the US military. Trump boasted on Twitter, “Our Military will now be stronger than ever before. We love and need our Military and gave them everything — and more.” Republican Senator Rand Paul angrily confronted his own party saying, “How come you were against President Obama’s deficits and then how come you’re for Republican deficits?”
Meanwhile, the White House has been working to distance Trump from the stock market plunges over the past week. Reports suggested that it was the worst week since October 2008. Trump has taken much credit for improvements in the economy. Will he take credit for the economy’s failure too?
For more information about Nomi Prins’ forthcoming book ‘Collusion: How Central Bankers Rigged the World’, at www.nomiprins.com and read her latest article on Tom Dispatch called ‘Trump’s Financial Arsonists: The Next Financial Crisis — Not If, But When’, HERE.
Nomi Prins, a former investment banker at Goldman Sachs, Bear Stearns and Lehman Brothers. She is the author of the forthcoming book, Collusion: How Central Bankers Rigged the World. Her earlier books include All the Presidents’ Bankers: The Hidden Alliances That Drive American Power, and Other People’s Money: The Corporate Mugging of America.