Trump fires back at Obama, boasts he's got 'magic wand' on economy

[LV426]

Trump has said numerous times he's not going to kick the can down the road.

Trump's a fucking idiot whose mouth-breathing supporters don't know shit about trade.

TPP was the thing that would have addressed the problems with China, and you fucking assholes ditched out of it.

So you break a window and then offer half-assed support to maybe fix it at some point. And then you expect to be lauded for that? Fuck you, pal.

 

[Getin the ring]

WTF?



This isn't trade policy; it's bedlam.

I'll tell you what's "bedlam" ..... the democrat party

who's ya daddy

trump owns you nut-bags, got you so out of focus you forgot we had a mid-term coming up

Any ideas, what ya might be running on?

ahh God I love triggered nut-bags

 

[LV426]

I realize you want the economy to fail, but 3% is the general agreement for GDP growth this year by many economists

I don't think we're gonna get there. Q2's GDP was inflated by nearly a full point thanks to the rushing ahead of the tariffs. So GDP for Q2 would only be about 3.1%. Of course, rushing to get those exports out will naturally result in a cut to Q3 and Q4 orders. What's that gonna do for GDP? Nothing good.

My prediction: Q3 & Q4 GDP growth both below 3%. For the year, we'll probably end up around 2.5-2.7%. 3% is a longshot.

 

[LV426]

the 370k manufacturing jobs do not "pay like shit" - in fact construction is up as well as tech, as well as the service industries. These are good jobs.

Real wages have been flat this year. That means wage growth is stagnant. That means the "new jobs" Trump is adding don't pay very well; not above any jobs they replaced in any significant or meaningful way.

You even highlighted that yourself when you tried to misrepresent August's y-o-y 3% increase as simply wages increasing 3%. But you did that for wages, not real wages.

And not one single job has been "brought back". No plants were shuttered overseas and production moved to the US. Never happened. Never will. Those costs are too high. It's easier for businesses to just have consumers pay more $$ thanks to the tariffs.

 

[LV426]

As stated the tarrifs do skew some jobs/growth, but it has to get done for long term economic health

They cynically skew job growth. In typical Conservative fashion, it's about short-term gains at long-term expense. In this case, the short term gain of an extra 1% of GDP growth is going to result in a long-term expense of lower GDP growth for the rest of the year. They rushed to get orders out in Q2 to avoid costs in Q3. So that means what for Q3?

and reducing China's malign actions

So far, all China has done is impose tariffs on US products. None of their behavior has changed and it never will because the one thing we could have used to gain leverage over China (TPP) you fucking idiots pulled us out of.

What a bunch of fucking idiots.

 

[LV426]

who cares if you are impressed?

You should care since you're the one trying so hard to convince us the plate of shit you're serving is chocolate mousse.

 

[LV426]

I wouldn't expect you to get the macro-economic idea of a regulatory enviornment.

Again, not one single regulation you can even name. And asking you to show how removing any specific regulation helps the economy, is like asking my cat to do trigonometry. It's an impossible feat and you'll just end up chewing on your own asshole.

 

[Althea]

you are drug addled

Easy...he's sensitive about that. 4.2% growth as a result of escalated exports ahead of trump's tariffs.

Magic wand?

 

[LV426]

PROPOSED regulations.

Meaning this chart doesn't show any regulations being removed, just not as many being proposed.

Another bad faith action by a shitty garbage person.

 

[Althea]

No manufacturing has been "brought back". In fact, plenty of manufacturing has left (RE: Carrier, BMW, Harley).




What regulations specifically are "squashing growth" or did "squash growth"?

Trump's only had one quarter above 4% and that's thanks to a rush to get exports out before the tariffs.

Q3 growth will drop like a rock because the expected # of orders for exports won't be there. That will lead to manufacturing job loss.

Jobs still leaving the country at a record pace

 

[Althea]

Obama's economic policy did not include bringing back jobs. Barack Hussein O.'s economic policy was wealth redistribution ... to his corporate cronies (solyndra, walmart, GE, etc.) ... more food stamps, more welfare, and extended unemployment benefits.

trump hasn't brought jobs back. Solyndra was Bush's baby.

 

[jimmymccready]

????......did you think I needed both halves to win an argument with you?.....

You would need two brains to keep in half up with me.

 

[Althea]

Trumpty's downturn in the economy has already started.

trump thinks the stock market is 'the economy'. Unemployment is at 30% right now by his calculations

 

[LV426]

That's because you are dumb a s a brick

No, it's just you flaming out because you want to make Trump's economy look better than it really is.

The market has only grown 4% ytd. That's a slower pace than 2017, 2016, and 2015.

 

[LV426]

Easy...he's sensitive about that. 4.2% growth as a result of escalated exports ahead of trump's tariffs.

Magic wand?

Yup, and Q3 and Q4 are going to be a disaster because they got their orders out in Q2 ahead of the tariffs.

So fewer orders = fewer manufacturing = fewer sales = fewer jobs

By this time next year, we will probably be in a recession and it's going to be because of Trump and the GOP.

 

[Althea]

BMW, Carrier, and Harley all said this year that they're moving manufacturing specifically because of Trump's policies.

It's pure fantasy that he's brought any jobs back. Quite the contrary. Plenty of jobs have left, and the jobs he's creating now pay like shit. That's why wages have been largely flat, even though we were promised wage increases of $4,000-$9,000 thanks to the Russia Tax Cut. Instead, real wages for most Americans have either declined or stagnated. A far cry from the $9K ceiling of wage increases promised by Conservatives in December last year.

He's delusional.
https://www.cheatsheet.com/money-ca...oring-jobs-at-a-record-pace-under-trump.html/

You may remember these words from Donald Trump when he was running for president: “A Trump administration will stop the jobs from leaving America.”

But U.S. companies sent thousands of jobs overseas in his first year as president. And many of the companies responsible for offshoring jobs received huge government contracts.

In fact, according to employment data charted by Good Jobs Nation and Public Citizen, federal contractors alone outsourced 10,269 jobs while taking over $19 billion in government money.


Never before in U.S. history have federal contractors sent so many jobs overseas. Here are the contractors that are offshoring the most jobs under Donald Trump, including the parent company of Carrier

 

[Darth Omar]

Bullshit.

You haven't looked into shit. You've just repeated something you either gleaned off another poster, or plagiarized from some shitty Op-Ed.

None of you have been able to name one single regulation Trump removed, and how removing it helped the economy.

Since you’re too lazy and/or partisan to research it, here ya go:

By December 27 last year (“today”), Obama had issued 3,794 rules. Of Obama’s rules, 479 were categorized as “significant.” For Trump, the “significant” subset is 198, again, with some among them constituting rollbacks. (The nomenclature is a mess; I’ve compiled the even costlier “economically significant” subset in play in the Trump administration here.)

https://cei.org/blog/so-what-regulations-did-trump-eliminate
______________

I doubt you’ll bother reading the link, but if you do, you’ll learn that Trump saved 8 billion so far. Which unfortunately, is only a small dent in the 100’s of billions in regulatory state costs.

Pick one yourself lol. There’s only a blue million to choose from.

 

[Althea]

Yet you cannot name a single one, therefore your entire premise is false.

When asked for details, you bristle and whine and exercise the worst Dunning-Kruger I've seen in years.

No one believes for a second that you're being genuine. These posts of yours are all by design; to shield you from any criticism of making garbage points and unsupported, half-assed arguments.

I'm not impressed.

He has no argument. Without demand, there is no need to create more jobs...especially in this country. Reduction in regs simply increased profits for corporations. Higher dividends, and higher CEO pay/bonuses.

No jobs. Give the middle class more money, and see what happens to demand.

 

[Althea]

The reason the Fed didn't raise interest rates was because we had to recover from the economic collapse caused by Conservative policies, and because Conservatives refused to do anything to help the economy further.

So the Fed had to step in to fill the void created by a lack of economic leadership among Conservatism.

America was shedding almost 1 million jobs/month when Obama took office. Low interest rates were a desperate attempt to increase lending to businesses, in order to fund new projects.

It became a cash grab by the wealthy.

 

[Leonthecat]

trump thinks the stock market is 'the economy'. Unemployment is at 30% right now by his calculations

When you are a multi millionaire the stock market is all you look at.
Daffy doesn't have a clue what's going on.