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View Poll Results: Will Trump be a good President?
Yes 93 26.50%
No 258 73.50%
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  #19841  
Old 16.08.2019, 23:40
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Re: Will Trump be a Good President?

Quote:
Donald J. Trump Retweeted

The White House@WhiteHouse

"Americans can do anything, go anywhere, and outperform anyone.

Nobody can beat us.

Nothing can stop us because winning is what Americans do."
—President Donald J. Trump
Best reply so far "Americans can go anywhere? Tell that to Congresswomen Omar and Tlaib."
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  #19842  
Old 17.08.2019, 16:27
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Re: Will Trump be a Good President?

Quote:
Donald J. Trump@realDonaldTrump

The United States is now, by far, the Biggest, Strongest and Most Powerful Economy in the World, it is not even close!
As others falter, we will only get stronger. Consumers are in the best shape ever, plenty of cash.
Business Optimism is at an All Time High!
5:26 PM · Aug 15, 2019
Meanwhile sadly in the real world;
The US manufacturing sector shrunk by 1.9 percent in the first quarter of the year, and another 1.2 percent in the second quarter. In July, it is estimated that it contracted 0.4 percent.
A recession occurs when an economy contracts in two consecutive quarters.
  #19843  
Old 17.08.2019, 17:00
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Re: Will Trump be a Good President?

About the only thing the US is Number one these days is gun deaths.
  #19844  
Old 17.08.2019, 17:20
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Re: Will Trump be a Good President?

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Meanwhile sadly in the real world;
The US manufacturing sector shrunk by 1.9 percent in the first quarter of the year, and another 1.2 percent in the second quarter. In July, it is estimated that it contracted 0.4 percent.
A recession occurs when an economy contracts in two consecutive quarters.
That's the wrong number.
US economic growth in Q2 was 2.1%. Far away from a recession.
https://www.bea.gov/news/2019/gross-...-annual-update

Compare that to UK and Germany.
  #19845  
Old 17.08.2019, 17:31
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Re: Will Trump be a Good President?

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That's the wrong number.
US economic growth in Q2 was 2.1%. Far away from a recession.
https://www.bea.gov/news/2019/gross-...-annual-update

Compare that to UK and Germany.
The number I quoted referred to the "manufacturing sector" not the whole economy; technically the manufacturing sector is in recession - not the whole economy.

Some more info MANUFACTURING HEALTH IN THE U.S. FALLS TO 10-YEAR LOW AS ECONOMISTS PREDICT RECESSION BY 2020.
  #19846  
Old 17.08.2019, 17:58
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Re: Will Trump be a Good President?

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The number I quoted referred to the "manufacturing sector" not the whole economy; technically the manufacturing sector is in recession - not the whole economy.
You're creative with the news, like Trump
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  #19847  
Old 18.08.2019, 00:05
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Re: Will Trump be a Good President?

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You're creative with the news, like Trump
He was pretty clear in his post: "The US manufacturing sector shrunk by 1.9 percent in the first quarter of the year, and another 1.2 percent in the second quarter".

A recession in manufacturing in a country like the US is usually a reliable forewarning of an economy-wide recession.
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  #19848  
Old 18.08.2019, 10:00
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Re: Will Trump be a Good President?

Quote:
He was pretty clear in his post: "The US manufacturing sector shrunk by 1.9 percent in the first quarter of the year, and another 1.2 percent in the second quarter".

A recession in manufacturing in a country like the US is usually a reliable forewarning of an economy-wide recession.
Quote:
The US manufacturing sector shrunk by 1.9 percent in the first quarter of the year, and another 1.2 percent in the second quarter. In July, it is estimated that it contracted 0.4 percent.
A recession occurs when an economy contracts in two consecutive quarters.
This was the post. You missed the second line. The US economy has grown but the manufacturing sector has shrunk. A recession occurs when the economy shrinks - not when one sector shrinks.

Anyway, let's not get distracted and get back to Trump.
  #19849  
Old 18.08.2019, 18:09
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Re: Will Trump be a Good President?

Quote:
The silly old sod wants to "buy Greenland" now...

https://www.theguardian.com/us-news/...rchase-denmark

Maybe he'll take over ownership and make Denmark pay for it.
YEs. Another place for the Amis to exploit and destroy!
  #19850  
Old 18.08.2019, 21:10
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Re: Will Trump be a Good President?

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This was the post. You missed the second line. The US economy has grown but the manufacturing sector has shrunk. A recession occurs when the economy shrinks - not when one sector shrinks.

Anyway, let's not get distracted and get back to Trump.
U.S. manufacturing ‘is in recession,’ Fed’s data show
  #19851  
Old 19.08.2019, 15:59
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Re: Will Trump be a Good President?

Another Trump U-turn!
Quote:
he Trump administration has again delayed the implementation of a ban on doing business with Chinese telecommunications giant Huawei, Department of Commerce Secretary Wilbur Ross confirmed on Monday.

“It is another 90 days for the U.S. telecom companies”
Trump forgot or never knew “Some of the US rural telecom companies are dependent on Huawei.".

Ross said "So we’re giving them a little more time to wean themselves off. " How these companies will ever raise the money to completely re-equip their networks is not known.

Meanwhile
Quote:
Germany's central bank is warning that the country could be slipping into recession.

The Bundesbank said today that Europe's largest economy "is probably set to remain lackluster in the third quarter of 2019." It predicts that GDP "could continue to fall slightly."
Source

So, German recession. UK next? Then US not far behind!!

Finally Trump displaying his unique brand of loyalty to ex-employees
Quote:
Donald J. Trump@realDonaldTrump

Anthony Scaramucci is a highly unstable “nut job” who was with other candidates in the primary who got shellacked, & then unfortunately wheedled his way into my campaign.
I barely knew him until his 11 days of gross incompetence-made a fool of himself, bad on TV.
Back in July 2017, Trump said “Anthony is a person I have great respect for, and he will be an important addition to this Administration. He has been a great supporter and will now help implement key aspects of our agenda while leading the communications team. ”
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  #19852  
Old 19.08.2019, 17:39
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Re: Will Trump be a Good President?

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ack in July 2017, Trump said “Anthony is a person I have great respect for, and he will be an important addition to this Administration. He has been a great supporter and will now help implement key aspects of our agenda while leading the communications team. ”
Looks like one of Trump's minders corrected today's tweet. Originally it had the Trumpword "shellaced". Sounds kinda cool.
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  #19853  
Old 19.08.2019, 19:27
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Re: Will Trump be a Good President?

Quote:
Looks like one of Trump's minders caregivers corrected today's tweet.
Originally it had the Trumpword "shellaced". Sounds kinda cool.
ftfy

Sadly it seems his carers took some time off today and he slipped this out!
Quote:
Donald J. Trump@realDonaldTrump

Wow, Report Just Out! Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election!
This was put out by a Clinton supporter, not a Trump Supporter!
Google should be sued. My victory was even bigger than thought!
@JudicialWatch
The chairwoman of the Federal Election Commission has now twice called for Trump to stop making claims of election fraud unless he can show evidence it happened.
  #19854  
Old 19.08.2019, 19:45
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Re: Will Trump be a Good President?

Google can't manipulate votes. At most, it can manipulate reports about votes. Details matter. Or not.
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  #19855  
Old 19.08.2019, 20:07
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Re: Will Trump be a Good President?

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Google can't manipulate votes. At most, it can manipulate reports about votes. Details matter. Or not.
That's not entirely correct. As there is a shortage of vote counters in the US, many voting offices decide to simply google the election results instead of counting the votes.
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  #19856  
Old 19.08.2019, 20:32
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Re: Will Trump be a Good President?

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That's not entirely correct. As there is a shortage of vote counters in the US, many voting offices decide to simply google the election results instead of counting the votes.
LOL sometimes the results do make you wonder.
  #19857  
Old 20.08.2019, 10:59
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Re: Will Trump be a Good President?

Quote:
Several senior White House officials have begun discussing whether to push for a temporary payroll tax cut as a way to arrest an economic slowdown, three people familiar with the discussions said, revealing growing concerns about the economy among President Trump’s top economic aides.

The talks are still in their early stages and have included a range of other tax breaks. The officials also have not decided whether to formally push Congress to approve any of these measures, these people said, speaking on the condition of anonymity because they were not authorized to disclose internal discussions. But the White House increasingly is discussing ideas to boost a slowing economy, they said.
Source

It's telling that when the GOP actually wants to stimulate the economy - to save Trump politically - they design a tax cut similar to Obama's stimulus package... Payroll tax cuts benefit working Americans and stimulate the economy. Tax cuts designed to help the rich, like Trump's tax cut, don't appreciably:

Quote:
Economists who have examined the impact of the 2017 Tax Cuts and Jobs Act say it isn’t helping much in any of the ways advocates once advertised: overall growth, business investment, or worker pay.
Source

The 2017 law was designed to reward self-interested donors, not to promote for countrywide economic prosperity.
  #19858  
Old 20.08.2019, 11:06
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Re: Will Trump be a Good President?

Maybe if people wouldn't have to worry if the next ER visit financially ruins them and dooms their family, they'd also spend a bit more?


Or pay down their credit-card debt, so they can max them out again at Christmas or for the next holiday.
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  #19859  
Old 20.08.2019, 11:51
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Re: Will Trump be a Good President?

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Source

It's telling that when the GOP actually wants to stimulate the economy - to save Trump politically - they design a tax cut similar to Obama's stimulus package... Payroll tax cuts benefit working Americans and stimulate the economy. Tax cuts designed to help the rich, like Trump's tax cut, don't appreciably:


Source

The 2017 law was designed to reward self-interested donors, not to promote for countrywide economic prosperity.
As the article states; Trump tax cuts were supposed to be fiscally neutral due to business growth generating extra taxes. This did not happen; instead US debt looks likely to increase by $1 trillion this fiscal year.

Doubtful that Congress will pass Payroll tax cuts that will in turn drive the US debt upwards plus the Democrat led House is unlikely to want to save Trump's bacon?

Last week in Pennsylvania, Trump said his 25% tariff on foreign imports has turned a “dead” steel business into a “thriving” enterprise.
Quote:
Donald J. Trump@realDonaldTrump

In one year Tariffs have rebuilt our Steel Industry - it is booming! We placed a 25% Tariff on “dumped” steel from China & other countries, and we now have a big and growing industry.
We had to save Steel for our defense and auto industries, both of which are coming back strong!
12:15 PM · May 14, 2019·
Meanwhile in the real world, in mid-June US Steel said it would idle two blast furnaces at its Great lakes and Gary Works plants, citing lower steel prices and softening demand.

United States Steel Corp said it will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks for up to six months, according to a filing the steelmaker made with the State of Michigan.

In a Notification filed on Aug. 5, the Pittsburgh-based company said it expects to let go fewer than 200 workers following its decision to halt production at the Michigan facility.

Prices of hot-rolled steel coil are down nearly 37% from their 2018 peak. U.S. Steel’s stock price has plunged 73% since March 1, 2018, when Trump announced his decision to crack down on foreign imports.

Source

As mentioned before, manufacturing is declining in the US therefore also the demand for steel is declining.
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  #19860  
Old 20.08.2019, 12:44
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Re: Will Trump be a Good President?

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Doubtful that Congress will pass Payroll tax cuts that will in turn drive the US debt upwards plus the Democrat led House is unlikely to want to save Trump's bacon?
I agree. Especially considering the federal budget has already been passed for 2019 & 2020. It's likely that only thing that could bring enough people to the table to would be an economic emergency - à la the 2008 market crash. I *think* economists are expecting more of a slow down than a dramatic bubble-bursting event.

Last edited by taduncombe; 20.08.2019 at 13:14.
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