President Trump- The Implications

[heironymouspasparagus]

Hope your right. I am just fed up with ISIS getting their butts kicked, a roaring economy, lower taxes, and those hostages being returned home. What a nightmare.

Oh, you mean how ISIS was destroyed between 2014 and 2016 when Obama was running the show...yeah, that really sucks, don't it.

And how the economy is "roaring" along at almost the rate it was under Obama...well, not really, but I will cut you some slack on that one.   The DOW did go  up 25% in Trumps first year - less than half of the 60% under Obama's first year from the Bush low until his 1st state of the union.

Lower taxes for you.  And another $trillion and a half in debt!  Yeah - good idea that...

But hey, that's what Fake Fox News says, so it's gotta be true, right??

[heironymouspasparagus]

Just the kind of thing Breadhead would believe, too!

But then Mike Pence also believes that cigarette smoke causes no health problems at all...


https://www.yahoo.com/news/m/4e7bfc83-4768-3ebb-9aa9-d2622e975dee/ss_the-epa-will-no-longer.html

[erfalf]

Oh, you mean how ISIS was destroyed between 2014 and 2016 when Obama was running the show...yeah, that really sucks, don't it.

And how the economy is "roaring" along at almost the rate it was under Obama...well, not really, but I will cut you some slack on that one.   The DOW did go  up 25% in Trumps first year - less than half of the 60% under Obama's first year from the Bush low until his 1st state of the union.

Lower taxes for you.  And another $trillion and a half in debt!  Yeah - good idea that...

But hey, that's what Fake Fox News says, so it's gotta be true, right??

You have to consider that the goal posts were essentially the entire dismantling of the United States by a single man.

But seriously by any standard Trump is doing fine on the economy. Yes Obama had it going in the right direction. But decisions made post-Trump could have easily turned things around for the worse. That didn't happen. So kudos to him for that. You cannot deny the fact that a rising economy is getting fine tuned at this point, when it could have been ignored.

[rebound]

You have to consider that the goal posts were essentially the entire dismantling of the United States by a single man.

But seriously by any standard Trump is doing fine on the economy. Yes Obama had it going in the right direction. But decisions made post-Trump could have easily turned things around for the worse. That didn't happen. So kudos to him for that. You cannot deny the fact that a rising economy is getting fine tuned at this point, when it could have been ignored.

I'm not sure I understand the "goal posts" comment.   Who dismantled the US?   Is this a rip at Obama, Trump?  Or maybe even Bush?  Not sure.

Per my earlier comment, Trump hasn't screwed the economy as bad as some thought, and it has kept about the same pace, so OK for that.  But I'm not giving you "fine tuned".  Trump doesn't have a firm enough grasp on of complex systems to fine-tune anything, and has said in the past that sort of thing is not his gig.  He's an "idea man", at best. (and for me, that's being generous)  

[erfalf]

I'm not sure I understand the "goal posts" comment.   Who dismantled the US?   Is this a rip at Obama, Trump?  Or maybe even Bush?  Not sure.

Per my earlier comment, Trump hasn't screwed the economy as bad as some thought, and it has kept about the same pace, so OK for that.  But I'm not giving you "fine tuned".  Trump doesn't have a firm enough grasp on of complex systems to fine-tune anything, and has said in the past that sort of thing is not his gig.  He's an "idea man", at best. (and for me, that's being generous)  

This was what was perceived to happen should Trump be elected. And it's something you still believe.

Trump hasn't screwed the economy as bad as some thought

He hasn't exactly screwed the economy at all. GDP growth has eclipsed the previously though impossible 3% for a whole year now. Capital expenditures are up (a sign the business community expects growth in the future), wages are up (almost 3% year over year as of Jan/last I recall seeing), the shares of the workforce claiming unemployment is plummeting.

And to boot unemployment for several minorities are at record low numbers. I understand a slice of the credit goes to Obama. But these kind of things don't just happen when someone is screwing the economy less than you thought they would.

[Hoss]

This was what was perceived to happen should Trump be elected. And it's something you still believe.

He hasn't exactly screwed the economy at all. GDP growth has eclipsed the previously though impossible 3% for a whole year now. Capital expenditures are up (a sign the business community expects growth in the future), wages are up (almost 3% year over year as of Jan/last I recall seeing), the shares of the workforce claiming unemployment is plummeting.

And to boot unemployment for several minorities are at record low numbers. I understand a slice of the credit goes to Obama. But these kind of things don't just happen when someone is screwing the economy less than you thought they would.

Give the tariffs time to take hold.

[erfalf]

Give the tariffs time to take hold.

I will absolutely give you that one. Although I'm not sure how significant of an effect it will be. Will the upward trend of the economy essentially hide the pain? or not

[Conan71]

Give the tariffs time to take hold.

I was talking to one of our vendors for our MC parts business.  He buys steel hydraulic tubing to make reproduction metal oil and fuel lines for the vintage Harleys.  His cost on the 3/8" tubing went up 60% on his last order.  On the boiler side of things, prices are up about 25%.  That's serious money when you are talking about what was a $75,000 piece of equipment to heat a school or office building.

At least there are no grain tariffs, that might screw the pooch on the brewery.  Maybe I ought to think about shedding a business or two at some point. 

[swake]

So at the G-7 he is insulting and picking fights with the leaders of Germany, France, the UK and Canada over trade and climate but is asking to have Putin let be back in with no change in behavior from Russia. Macron is treating a G6, without us. Trump is destroying our traditional alliances, the ones that have made us the most powerful nation on earth and is isolating us internationally. Really, really bad.

We have a growing trade war to go with with an overheating economy and rising energy prices (and other commodity prices due to the trade war) where we are actively removing financial controls. This is bad, bad, bad.

https://www.independent.co.uk/news/world/americas/g7-macron-trump-g6-summit-latest-eu-canada-trudeau-theresa-may-updates-a8389111.html

https://www.cnn.com/2018/06/07/politics/trump-g7-canada/index.html

https://www.telegraph.co.uk/news/2018/06/07/donald-trump-tired-theresa-mays-school-mistress-tone-may-turn/

http://www.newsweek.com/donald-trump-doing-putins-work-ruining-us-alliances-says-ex-envoy-moscow-966013

https://www.theguardian.com/world/2018/jun/08/donald-trump-shows-no-sign-compromise-flies-in-g7-summit

[rebound]

This was what was perceived to happen should Trump be elected. And it's something you still believe.

I was actually hoping, and the posts are there from before the election, that he'd settle down and not be too bad.  I did allow that he gets to take credit for the current economy, even though he really hasn't done anything to improve it.  But, he's not even half-way into his term yet, all of these mis-steps are catching up to him. 

He hasn't exactly screwed the economy at all. GDP growth has eclipsed the previously though impossible 3% for a whole year now. Capital expenditures are up (a sign the business community expects growth in the future), wages are up (almost 3% year over year as of Jan/last I recall seeing), the shares of the workforce claiming unemployment is plummeting.

And to boot unemployment for several minorities are at record low numbers. I understand a slice of the credit goes to Obama. But these kind of things don't just happen when someone is screwing the economy less than you thought they would.

Oh, but he's trying...   Again, not knocking where we are right now, but the numbers (sustained growth, lower unemployment) are simply continuations of the path set during Obama.  And yes, it is "someone screwing with the economy less than we thought".  The US economy is a big boat.  It takes a while to turn.  It took a long time under Bush for it to crater, even though people were warning about it for years.  It took far longer to get turned around and running smoothly under Obama than many wanted, and it will take a while for the negatives to show up under Trump.

[Breadburner]

Looks like it will be another rough weekend for the T.F.N C.j.C...Hoist one for Trump...


US voters will differ sharply on whether President Trump has 'made America great again,' but the economy over which he's presiding is undeniably on the upswing -- with several of his key policies playing essential roles in that comeback. The latest piece of data that fortifies America's renewed economic vigor is a surge in international competitiveness, as measured by a closely-watched annual ranking from a Switzerland-based think tank. Following tax reform's burst of hiring and growth, the United States has 'leapfrogged' back into the top slot (via Bloomberg):

The U.S. dethroned Hong Kong to retake first place among the world’s most competitive economies, thanks to faster economic growth and a supportive atmosphere for scientific and technological innovation, according to annual rankings by the Switzerland-based IMD World Competitiveness Center. The U.S., which reclaimed the No. 1 spot for the first time since 2015, scored especially well in international investment, domestic economy and scientific infrastructure sub-categories while earning below-average marks in public finance and prices. The renewed top ranking aligns with the positive U.S. growth narrative over the past year. Growth averaged 2.9 percent in the four quarters through March, versus 2 percent in the prior period.

Meanwhile, in addition to the fabulous May jobs report (which featured the lowest black unemployment rate ever recorded), US consumer confidence spiked to a 17-year high last month -- leading to a surge in consumer spending: "Americans’ spending gathered further momentum in April as incomes continued to rise, a sign consumers could drive stronger economic growth in the second quarter. Personal-consumption expenditures, a measure of household spending on everything from health care to magazines, increased a seasonally adjusted 0.6% in April from the prior month, the Commerce Department said Thursday. That was the largest increase in five months and above the 0.4% rise that economists...expected," the Wall Street Journal reports. The good news doesn't stop there. On President Trump's 500th day in office, Senate Majority Leader Mitch McConnell delivered a floor speech highlighting that more than one million American jobs have been created since the passage of tax reform:

"Since President Trump was elected alongside a Republican Congress, the number of Americans who say they’re optimistic about finding a good job has jumped by 25 percentage points. And small business owners report in record numbers that they’re optimistic about prospects of hiring new employees...But as impressive as some of these statistics may be, I think it’s important to keep in mind that these stories are -- at the end of the day -- human stories. More than one million new jobs have been created just since we passed tax reform last December. That’s not an abstract number...These aren’t just economic statistics. They are American men and women who have new chances to support their families and build their lives that they simply did not have under the policies of the previous administration. I’m glad we fought, won -- and will continue to win -- major accomplishments for the middle-class families we represent."

One million new jobs (and counting), a sizable portion of which the CBO attributes directly to the GOP tax law, which every single Democrat in Congress opposed -- making false, apocalyptic predictions to justify their hysterical, knee-jerk resistance. Like Hillary Clinton, they're being proven wrong by actual results, and they're responding with a 'repeal' tantrum. Repealing the tax cuts for middle class families (all income groups received a tax cut) would reduce incomes and hamper economic consequences. Repealing the business tax cuts, which restored American competitiveness, would claw back crucial progress on job creation and wage growth. It's not hard to tell that the robust economic news is now a source of alarm to election-minded Democrats.

Why should voters trust Democrats on the economy? Their policies helped contribute to the 2008 meltdown, then choked what should have been a major bounceback with wasteful and destructive policies, leading to the slowest recovery since World War II. After that, they've railed against Republican-led progress, fighting it at every turn. If not for a unified GOP government, our economy would likely still be puttering along. DemocnRATS see all this and wring their hands as Trump gets the credit, with 2018 polling moving accordingly....And this, my friends, is what WINNING looks like. Go, Trump!

[Breadburner]

Just the kind of thing Breadhead would believe, too!

But then Mike Pence also believes that cigarette smoke causes no health problems at all...


https://www.yahoo.com/news/m/4e7bfc83-4768-3ebb-9aa9-d2622e975dee/ss_the-epa-will-no-longer.html

You should probably take 2 knees....

[Hoss]

You should probably take 2 knees....

You should probably wipe the cheeto dust from around your mouth. 

[Breadburner]

You should probably wipe the cheeto dust from around your mouth. 

C.j.C Treasurer having a "Hossy Fit"....!!!!

[Hoss]

C.j.C Treasurer having a "Hossy Fit"....!!!!

Wow, that's pretty clever "Hossy".

Bahaha!

Not really.  Have your Adderall dosage adjusted.  Or maybe get on it if not already.  Your shitposting is juvenile and amateur at best.