Trump and Economic Conditions

@gollum,

The economy has very little to do with who happens to be president at the time. Presidents with a good economy will receive much more credit than they deserve, and presidents with a bad economy will receive much more blame.

The economy does what it wants.

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@gollum,

The economy recovered from the Great Recession under Obama, and the economy was growing when Trump took over. Trump's tax cuts did little to grow the economy. That opinion is supported by Bloomberg. https://www.bloomberg.com/news/articles/2019-03-06/trump-s-big-tax-cuts-did-little-to-boost-economic-growth. Trump's wall is of greater danger to our economy, because our trade with Mexico is the third largest. https://ustr.gov/countries-regions/americas/mexico. Trump, who supposedly graduated from Wharton, learned nothing of value in the area of economics or trade. His tariffs only ended up adding an unnecessary tax for the things we buy; it depresses our economy and results in loss of jobs. Trump is dangerous on more than just our economy; he's a danger to our security. https://washingtonmonthly.com/2019/02/09/a-clear-and-present-threat-to-national-security-donald-trump/. Professor William Kelly of Wharton said it best; "Donald Trump was the dumbest goddam student I ever had." BTW, our economy is based on supply and demand; that's Econ 101. It depends on the free flow of trade that guarantees "quality and price." It's based on creativity and competition. https://www.lifewire.com/what-makes-apple-so-special-and-desirable-2373223

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The economy was doing quite well back in the early days of Richard Nixon. Many things come into play with regard to the economy.

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@Sturgis,

Sturgis, That's true; that's the reason Economics is considered "art," and not "science." There's no formula to predict future economic activities, because everything in the economy is in flux, and many things changes by the second around the world. Just look at the currency exchange rate, and how it changes almost every hour of every day. Exchange rate fluctuation: "Why do exchange rates change everyday?
How often do exchange rates fluctuate? Exchange rates float freely against one another, which means they are in constant fluctuation. Currency valuations are determined by the flows of currency in and out of a country. A high demand for a particular currency usually means that the value of that currency will increase.Jun 16, 2018"
How often do exchange rates fluctuate? - Investopedia
https://www.investopedia.com/ask/answers/08/how-often-to-exchange-rates-fluctuate.asp

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@cicerone imposter,

Cicerone, you are throwing around political propaganda. You seem to be confusing your own propaganda with "economics".

Economics is fact based. You can't throw around factually incorrect partisan statements in any valid discussion of economics.

We get it. You hate Trump.

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@cicerone imposter,

cicerone imposter-

Thank you.

It does seem odd after listening to candidate Trump claim that he unlike prior presidents would put people back to work, that two-years into the Trump administration that the nation has the lowest unemployment rate in 50 years.

Would the unemployment rate have declined to the same extent Hillary Clinton had been elected?

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A president is like the figurehead on the bow of a ship. He has no control over where the ship of state goes, but he is always the first person to arrive on the scene.

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@gollum,

It is frustrating that Democrats and Republicans both put partisan talking points over facts.

In this case Trump was correct. He said that if he cut taxes the GDP would rise, unemployment would fall and wages would grow. The Democrats said that none of these things would happen.

The facts are that the GDP did go up, unemployment went down, and wages are rising. Of course we can't say for sure the tax cuts caused these economic trends. But it is a fact that what the Republicans said would happen after the tax cuts is what happened.

You expect your political party to be right all of the time. Being fact based means admitting when your side got it wrong.

If you say that facts matter, you will admit when the other side got it right. In this case they did. I also find it ridiculously partisan that people are claiming that the wall impacts trade.

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@gollum,

gollum, Rather, ask yourself this question. What has Donald Trump done to change the supply and demand of goods and services around the world? The US economy is tied to the world's economy; it's about the freedom of trade - even with China. Look at the imports from China: https://www.census.gov/foreign-trade/balance/c5700.html. When Trump declared more tariffs on China's goods and services, our stock market reacted negatively. That's because Trump doesn't understand simple Economics theory. His tariffs only added extra cost to everything we buy from China; it's an unnecessary added tax that hinders trade. It results in increased cost and loss of jobs.

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@cicerone imposter,

cicerone imposter-

Thank you.

OK, but notwithstanding the increased cost and loss of jobs, the unemployment rate went down.

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@gollum,

Quote:

It does seem odd after listening to candidate Trump claim that he unlike prior presidents would put people back to work, that two-years into the Trump administration that the nation has the lowest unemployment rate in 50 years.

How often have we heard that the middle class is struggling to disappearing during the past couple of years under Trump?
How often have we heard, "The rich are getting richer?" http://fortune.com/2018/12/20/shrinking-middle-class-report/

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@cicerone imposter,

https://www.nytimes.com/2018/03/28/opinion/trump-tariffs-trade-war.html

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@cicerone imposter,

Here's a whole slew of articles on why Trump's tariffs hurts jobs. http://oneclickpdfsearch.com/search/?q=why%20trump%27s%20tarifrs%20hurt%20jobs&chnm=1clickpdf-ax&chnm2=Safari&chnm3=US. Also: https://www.nbcnews.com/business/economy/trump-s-tariffs-are-costing-americans-1-4-billion-each-n987336

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@cicerone imposter,

Also, let's not forget Trump's lies. He's pathological.
From the Guardian: Donald Trump lies like he tweets: erratically, at all hours, sometimes in malice and sometimes in self-contradiction, and sometimes without any apparent purpose at all. The Guardian has catalogued more than 100 falsehoods made by the Republican nominee over the last 150 days, and sorted them according to theme.

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@cicerone imposter,

From the Guardian. "Degrade and destroy
For decades, Trump has described America and its leaders in apocalyptic terms. He thought Ronald Reagan weak and “a disaster”, he lambasted George HW Bush and Bill Clinton’s policies, and after supporting George W Bush’s Iraq invasion, quickly dismissed that war as “a mess”.

In Trump’s world, crime is always rising (the national rate fell for decades), and African Americans are “living in hell” (they are not). Migrants are flooding in (more Mexicans are leaving than arriving), and they bring violence (there is no evidence that they do). Civilian and military leaders are always clueless (Trump received five deferments from Vietnam), except when they love him. We have no idea who refugees or undocumented migrants are, and they take our jobs (we know very well who they are; they include his wife)."

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@cicerone imposter,

Quote:

As it turns out, Mars is losing about 100 grams -- a quarter pound -- of gas every second due to the solar wind in a process that increases dramatically during major solar storms.

"When one of these solar storms passes by and engulfs the planet ... the escape rates go up, and they go up by a factor of 10 to 20 at least," said David Brain, a MAVEN co-investigator at the Laboratory for Atmospheric and Space Physics at the University of Colorado at Boulder.

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@maxdancona,

https://www.politifact.com/truth-o-meter/statements/2016/jun/09/donald-trump/donald-trump-said-crime-rising-its-not-and-hasnt-b/ We turned to FBI data. Such data is submitted voluntarily by local law enforcement agencies, and thus is not perfectly comprehensive. But it is one of two data sets that is generally considered the best available for answering this question.

First, we looked at the trend for violent crime and found that it has been falling on an almost uninterrupted basis since the early 1990s. The data below shows violent crime per 100,000 population from 1993 to 2014, the last full year for which data is available. As a matter of fact, Trump encouraged violence. https://www.snopes.com/fact-check/donald-trump-incitement-violence/

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@cicerone imposter,

Quote:

COMEY on BARR ‘Accomplished people lacking inner strength can’t resist the compromises necessary to survive Mr. Trump, and that adds up to something they will never recover from. It takes character like Mr. Mattis’s to avoid the damage, because Mr. Trump eats your soul in small bites.’

That’s former FBI director James Comey unleashing on Attorney General William Barr; his outgoing deputy, Rod Rosenstein; and others in Trump’s orbit who, in Comey’s view, have compromised their ideals to remain in the president’s good graces.
“It starts with your sitting silent while he lies, both in public and private, making you complicit by your silence,” Comey writes in an op-ed for the New York Timespublished just as Barr’s televised appearance before the Senate Judiciary Committee got under way. “In meetings with him, his assertions about what ‘everyone thinks’ and what is ‘obviously true’ wash over you, unchallenged.”
Comey asks why Barr, a “bright and accomplished lawyer,” could be swayed to serve as a protector of the president with defenses he would never have used “to justify the thousands of crimes prosecuted every day that are the product of frustration and anger.”
Related: Barr tells senators spying has no ‘pejorative connotation’
Also: Watch Barr’s live testimony before Senate committee
Comey then asks how Rosenstein could feel compelled, upon resigning, to thank a president “who relentlessly attacked both him and the Department of Justice.”
How does it happen? Rationalization, says Comey.
“You are smarter than Donald Trump, and you are playing a long game for your country, so you can pull it off where lesser leaders have failed and gotten fired by tweet,” Comey writes. “Of course, to stay, you must be seen as on his team, so you make further compromises. You use his language, praise his leadership, tout his commitment to values. And then you are lost. He has eaten your soul.”

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