Trump blames the potential recession on the media

Yeah.... Presidents often blame the media for things they are responsible for. But Trump is the first President in History to blame the Media+the Fed+Democrats... all at the same time, for something that he says isn't even "real" That's gotta be a world record!

 

Wait....Obama never blamed the opposing Party for things? WOW....

 

Of course! There was quite a bit to blame the opposing party for. I'm talking about blaming for things that were his responsibility. And I do acknowledge that Obama did use the press for that a couple of times.

 

Interest rates aren’t the president’s responsibly.

And please Obama passed the buck and blamed the gop and bush for everything and for years.

 

So you agree with Obama?

 

On somethings. However the last link not at all...

 

Everything is the President's responsibility. You're probably thinking of this President. Because nothing is this President's responsibility. At least according to himself.

He appointed the Fed Chair... Not that I have anything against the Fed Chair because... I'm not taking a position. But he's responsible for appointing the best person for the job.

Don't confuse "blame" with "responsibility". If you're talking about the Bush Economic Crisis, Obama obviously didn't cause it. But he took on the responsibility to fix it. And he did. Despite GOP obstructionism like we have never seen in History. Trump is to blame for the slow down but tries to set it on anybody but himself because he refuses the responsibility to fix it.... or even avoid it.

 

No he is just in charge of the executive branch.

The fed is independent, the president nominates the chair, the senate appoints after that nomination

What bush economic crisis? Obama was in the senate for the years leading to it, obviously it’s not just his fault, but he was in a position with the majority to help avoid it. By your own logic was responsible for the slow recovery and double digit UE that followed two years later, leading to the massive gop wave that lead to a real recovery

 

No! The Senate can't appoint anybody. They can only confirm (or not) the person the President nominates. That's the President's responsibility. But this is a Republican Senate. There is no way around the responsibility. If the President nominated the wrong person, it's the president's fault.

But I see that Trump supporters are now playing Trump's game of not taking any responsibility.

So... it's not the President's fault but Obama's because he was in the Senate?

That's hilarious!

Absolutely! It's not my logic. it's according to the Constitution. Bush Sr was responsible for the crisis he left. Clinton was responsible for that recovery. Bush Jr was responsible for his crisis. Obama was responsible for the recovery ("slow" is your subjective interpretation). And Trump is responsible for the next crisis, which the next Democrat in the Presidency will be responsible for recovering from.

That's how our country has been working for the last 30 years: Republicans keep making an economic mess and leaving it to Democratic presidents to clean up.

 

Without confirmation they aren’t appointed. It’s a big part of the process.

No ad I said it’s not just just his fault but he certainly had a position to do something.

It’s in the constitution? What? Bush certainly had a hand in it but the president can’t make law regulating Fannie and Freddie, only congress can. Bush tried to get congress to act, the gop house tried, but couldn’t get past a senate where the dems opposed every sort of regulation

 

Yes, of course this is the media's fault along with the Fed chairman.

Trump did it again. This is surreal.

President Donald Trump appears to have sent the stock market into a dive with a few flicks of his fingers, as the Dow Jones Industrial Average plunged over 200 points in just five minutes following a series of unhinged tweets attacking China and Federal Reserve Chairman Jerome Powell.

At 10:57 Friday morning, Trump posted a tweet in which he asked “who is our bigger enemy, Jay Powell or Chairman Xi?”

Then two minutes later, Trump posted a series of tweets ranting against China in which he said, among other things, that “We don’t need China and, frankly, would be far better off without them,” and that American companies are “hereby ordered to immediately start looking for an alternative to China.”


https://www.mediaite.com/news/stock...5-minutes-after-trumps-stunning-china-tweets/

We are reminded that Putin wanted this man to become our President. No doubt, Putin is quite happy with his choice.

 

And the media caused this to happen, too.

These are final results of our day on Wall Street. Trump's precipitated drop on stocks is far worse than earlier. The Dow ended up off 623 points, reducing the Dow to 25,629. that is 81 points below March 15 when Trump started his trade war with China. The Nasdaq was off 240 points and the S&P 76.

What does all that mean? Because of Trump's tweets today, for the fourth time in a month, he cost millions of Americans to permanently lose principle in their retirement investment accounts. There are many doubters of that statement, but here is how that works.

It is really quite simple. It is 4th grade math.

An IRA has $100,000 dollars in it. Because of Trump's announcement the account loses $5,000. So now the account is down to $95,000. Follow me so far?

Due to market changes, at some point the account gains $5,000. So now the account is back up to $100,000. So, the account didn't lose money. Right?

WRONG! If the account had not lost the money in the first place, when market changes caused it to gain $5,000, the account would have $105,000 in it, not $100,000. The $5,000 lost because of Trump is permanent.

Sorry about that. I mean it. I lost, too, but I'm mostly in bonds. Too old to gamble.

Now I know what some are going to say. Some will say that is ridiculous or something similar. Some will lecture me on the stock market and investing. But no will be able to tell me why the 4th grade math is ridiculous or something similar. That's because the 4th grade math is right on.

Some will say, "Nothing is permanent until it is sold." That argument is made to counter selling stocks because of a downward trend. It has nothing to do with loss of principle, which is what I am talking about.

Thank you Mr. President. I look forward to your next tweet. Praise the Lord. It is the weekend. Trump can't do anymore damage until Monday.

 

That is complete nonsense! If Trump claims the Fed Chair can't do a good job, it's his responsibility. He is the President.

The President can remove the Fed Chair. But he has to prove there is a cause. If the Fed Chair were responsible for slowing down the economy that would be cause. But Trump knows that Powell is not responsible for the slow down. He is.

This moron is trying to turn the office of the President into a joke

 

The economy is doing fine, the fed chair just said that.

Sorry, not sure how the confirmation process is nonsense. The senate confirms. The FED is an independent agency and not part of the executive branch. He has no control over what they do, like the DOJ,Tres etc

 

Not exactly. Pay closer attention to what he said.

 

Our economy is in a favorable place- sounds like he has seen us in great place

 

The surreal thing is that his tweets get so much attention and importance from people like you.Do you people have a life or the whole purpose of your life is stalking the Orange overlord?Perhaps liberals should stop paying attention to him and things will gradually settle down.Incidentally, if few tweets can shake the system than the whole system is rotten.It's really pathetic bringing Russkies into this so it's not worth a comment.

 

What a joke. If the economy plummets because some idiot on TV says it might the economy was on quicksand anyway.

 

Don't stop there. Keep listening....

 

To what Lawrence ODonnell’s comments?

 

Naturally he blames the media. He's had so many business failures since the early 1980s and he had always blamed his investors of the system. Trump is NOT an alpha male. He's a sniveling coward with daddy issues.

 

There was NO Obama recession. The Bush recession began in the second quarter of 2001 after the dot com bust. You should know that. You wouldn't be so vulnerable to lies and manipulation.

 

That would certainly be a learning experience for you. But here's a tip: if you're going to use a statement as an argument, make sure you understand the whole statement. Not to anybody's summary.

As it is... you'll have to look up the whole statement. Can't help you if you don't understand your own arguments fully.

 

Do tell? What did I miss about the favorable rating the fed chair gave about our economy?

 

Bush's recession.