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Poll

Who do you think will be the next senator from Arizona?

McSally
- 4 (36.4%)
Sinema
- 7 (63.6%)

Total Members Voted: 11

Voting closed: November 24, 2018, 07:55:14 PM


Pages: 1 ... 493 494 [495]

Author Topic: Trump Administration  (Read 48169 times)

NeedsAdjustments

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Re: Trump Administration
« Reply #7410 on: Today at 08:56:46 AM »

Predictably, now the market becomes the be all and tell all of Trump's economy.

Heh.

Morning Joe embarrassingly starts with "after Obama had the economy in such great shape...."

No shame.

Predictably, you only discredit the market as an indicator of Trump's economy when it is in freefall.  Its Trump who touted the market as evidence of his masterful stewardship.  You can try to have it both ways, kiidcarter8, but doesn't mean we will let you.

And yes, Obama did have the economy in good shape.  As Trump would tell you if he were honest, as he was touting increases in GDP and employment growth that were continuation of Obama era trends.

Meanwhile, what has Tariff Man done?  He's spent $1.5 Trillion on tax cuts for the already wealthy with little discernible benefit to the economy.  It has led to record buybacks which are artificially floating stock prices, while the bond markets are predicting that we've already seen the best of this cycle and some are predicting a recession as early as next year.  Trump's tariffs?  Auto plant closings, and giving tens of billions on farmers who are getting killed by totally predictable and Trump-caused retaliation.  And to top it all off, a ballooning deficit accrued over a period of economic expansion that will make us less capable of recovering when the recession hits.

Winning!
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NeedsAdjustments

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Re: Trump Administration
« Reply #7411 on: Today at 09:54:52 AM »

Predictably, now the market becomes the be all and tell all of Trump's economy.

Heh.

Morning Joe embarrassingly starts with "after Obama had the economy in such great shape...."

No shame.

Predictably, you only discredit the market as an indicator of Trump's economy when it is in freefall.  Its Trump who touted the market as evidence of his masterful stewardship.  You can try to have it both ways, kiidcarter8, but doesn't mean we will let you.

And yes, Obama did have the economy in good shape.  As Trump would tell you if he were honest, as he was touting increases in GDP and employment growth that were continuation of Obama era trends.

Meanwhile, what has Tariff Man done?  He's spent $1.5 Trillion on tax cuts for the already wealthy with little discernible benefit to the economy.  It has led to record buybacks which are artificially floating stock prices, while the bond markets are predicting that we've already seen the best of this cycle and some are predicting a recession as early as next year.  Trump's tariffs?  Auto plant closings, and giving tens of billions on farmers who are getting killed by totally predictable and Trump-caused retaliation.  And to top it all off, a ballooning deficit accrued over a period of economic expansion that will make us less capable of recovering when the recession hits.

Winning!

Nearly half of US CFOs fear a 2019 recession

https://www.cnn.com/2018/12/12/economy/recession-economy-cfos-duke/index.html

America's finance chiefs fear the economic expansion is nearly over.

Almost half (48.6%) of US chief financial officers believe the United States will be in recession by the end of next year, according to the Duke University/CFO Global Business Outlook survey released on Wednesday.

And 82% of CFOs surveyed by Duke believe that a recession will begin by the end of 2020.

"The end is near for the near-decade-long burst of global economic growth," Duke finance professor John Graham said in a statement.

The CFO survey's pessimism about 2019 will raise eyebrows because mainstream economists are still projecting steady, albeit slower, growth next year...

Last week, S&P Global Ratings warned "signs of cooling could be emerging" in the US economy. The credit ratings firm raised its odds of a recession in the next 12 months to a range of 15% to 20%, up from 10% to 15% in August.

"This cycle is either in -- or fast approaching -- its latter stages," S&P said.


But...but....those tax cuts...
« Last Edit: Today at 09:57:45 AM by NeedsAdjustments »
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Barton

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Re: Trump Administration
« Reply #7412 on: Today at 11:50:45 AM »

Trump "charity" to be dissolved.

https://www.washingtonpost.com/politics/trump-agrees-to-shut-down-his-charity-amid-allegations-he-used-it-for-personal-and-political-benefit/2018/12/18/dd3f5030-021b-11e9-9122-82e98f91ee6f_story.html?utm_term=.13fd2cf843c0

Quote
Underwood said Tuesday that her investigation found a shocking pattern of illegality involving the Trump Foundation including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more.

My only editorial quibble with that quote might be the word "shocking." 
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"History doesn't repeat itself, but it often rhymes. "

Barton

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Re: Trump Administration
« Reply #7413 on: Today at 11:59:57 AM »

Quote
Meanwhile, what has Tariff Man done?  He's spent $1.5 Trillion on tax cuts for the already wealthy with little discernible benefit to the economy.  It has led to record buybacks which are artificially floating stock prices, while the bond markets are predicting that we've already seen the best of this cycle and some are predicting a recession as early as next year.  Trump's tariffs?  Auto plant closings, and giving tens of billions on farmers who are getting killed by totally predictable and Trump-caused retaliation.  And to top it all off, a ballooning deficit accrued over a period of economic expansion that will make us less capable of recovering when the recession hits.

I don't really pray for the recession to come earlier than later, but if it woke up some of the zombie brigade before Nov. 2020, that might be a good thing.  It seems like the important news stories are the ones that don't seem to be reaching the people most affected by them.  This has been a problem for a long time, long before 45 arrived on the scene. 

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"History doesn't repeat itself, but it often rhymes. "

HamiltonIII

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Re: Trump Administration
« Reply #7414 on: Today at 12:13:13 PM »

Who would "pray for a recession"?

Other than a foreign country.
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