For once, I would like a GOP president to clean up their own economic mess

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.

 

Trump just made matters far worse. To him, this is a zero sum game. He simply doesn't care.




Donald J. Trump ✔ @realDonaldTrump


Replying to @realDonaldTrump
...unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!). Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30%...



Donald J. Trump ✔ @realDonaldTrump


Replying to @realDonaldTrump
...Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!

Did Trump forget he postponed the September 1st tariffs until December 15th?

If he imposes what now is a 15% tariff on popular goods like computers, cellphones, sporting gear, clothing, tennis shoes, etc. Trump can kiss his reelection goodby along with several Republican Senators and representatives.

Trump waited until the market closed before sending those tweets.

 

If you bought at the bottom. If you were holding stocks from 2007 then you barely broke even until around 2016-17. It was the WEAKEST recovery in modern history, the worst unemployment. Generally the deeper the recession the quicker and stronger the recovery, this was just the opposite.

What Democrat policies do you believe will get us through a possible 2020 recession, what is it you think they will do to help mitigate it successfully?

They are pledging higher taxes, more regulations, higher cost to employ people, higher cost to expand and on and on. How will those measures help offset a slowdown and recessions?

 

Buy...............and yes he should restrain his Tweeting.

 

So the lax regulations led mostly by RepubliCONs for years prior to the Great RepubliCON Recession was not an important factor? Read your post again and begin to notice all the double-talking.
Right-wing socialism is just another way to describe trickle-down or horse-and-sparrow economics

 

No congress since WWII has ever cut spending. Even Gingrich didn't cut spending. What he did do was hold spending increases into less than the increase in GDP. Presidents cannot increase the deficit that's up to congress. And the Gingrich coalition died with jumpin' Jim Jeffords and the railroading of Gingrich and Delay.

 

BS. The key to the Great recessions was the rupture of the housing bubble driven almost entirely by leftist housing policy and the disconnect between Mortgage companies and banks by rules and regulations following the Enron collapse along with the change in how the Freddie and Fannie bosses were compensated Meant that a hell of a lot of loans were written that shouldn't nave been. That also drove prices higher. Taxes cuts especially the Minucule tax cut under Bush had absolutely nothing to do with bad loans in the housing industry.

 

And so have others some deservedly so others not. And anyone thinks the the Obama stimulus package barely more than 1% of GDP at the time had any real impact isn't an economist he or she is a cheerleader.

 

The trouble is government is composed of people who are not omniscient or omnipresent or omnipotent and often an over reaction is worse than doing nothing at all.

 

The modest stimulus reversed the steep Bush recession, initiating a record 10+ years of economic growth that may be ending before long.

https://tradingeconomics.com/united-states/gdp​

"Oh, yeah!
Well, what about ...?"

Trump can not hide behind or divert attention to Obama.
​

 

Sorry even Krugman said it wasn't large enough to matter. Worse most of the money went to pay back big democratic bundlers like the owner of solyndra making it even less effective than it might otherwise have been.

 

Trump boasted that trade wars are good, and easy to win, and he contrived one.

Will it end the ten years+ of economic growth in the US and drive the nation into recession?

We'll see.

"Trade wars are good, and easy to win!"
March 2, 2018

"This isn't my trade war!"
August 21, 2019

​

 

For someone who, as I recall, was repulsed by the Neocons PNAC wet dream, you seem all to willing to embrace the current Chinese version of it.

 

And yet Republicans attacked Obama for the spending while he was in office and blamed him for the deficit. I guess the President is only responsible for the budget when a democrat is in office.

 

D's had any say in any budget in the last 30 months.
One is on the table at this time, but has not passed to law.
So, the passed 30 months they've been bystanders.

Why do you want to focus on 30 months?
When 30 yrs shows how bad fiscal policy is by your party?
The deficit for this year is projected to be $1T. And that was with total R control of congress and WH. Are you ignoring that? Why? Because R's are doing it?

Pelosi isn't the prez. She can get votes on something, but she can't sign anything into law. The prez does that. He has veto power. Something else you ignore.
The prez you voted for and supported, is spending like a drunken sailor. And all you can do is blame Pelosi, who has put nothing into law yet. That might be a future event. But not today. The $1T deficit projected today is the making of your god, tRUMP.
And you don't even care.
So, pardon me, if I don't care what you have to type on the topic. It's too hypocritical.

 

Another one who has no clue about the greatest recession ever. Bush and R congress.

 

Most of them want to eliminate the requirement for high school. They didn't need a HS diploma, so no one needs a HS diploma.

And increase the deficit to the $1T in good times.

 

And so slow, but soo strong, even tariffs, trade wars, deficit spending in good times, and backing out of trade agreements can't kill the economy.
But the R party is doing it's best to send the economy into another recession.
I wonder why the like a recession so much. I don't get it.

 

Yes. Under their guidance and plans put into place prior to that.
It takes a year or more for changes to fix it to kick in. The economy doesn't change course the second a new congress gets sworn into office.
They don't even vote on a budget until the end of the year they are sworn in. And then it doesn't take effect until the following fiscal year starts.

So, now you've just admitted, that the recession was a result of the previous years policies. How would you not realize that before you typed it? Sheesh.

 

Proof on UE. We know your post is not truth.
2017 and 2018, was R congress. And the deficit also increased. So, you should see, deficit increases every year. No matter the flavor of the congress.
And this year, under the guise of the R congress, is to be the largest.

 

Which means, any policy they would put into place could not take place until 2009. After the crash.
So, thanks for the admission, it was the previous congress who gave us the greatest recession in history. Republicans. Via GWB

 

It happened in 2010.

This year isn’t a R Congress, it’s split and smaller then 2009 and 2010

 

They had total control in 2007 as well.

 

2006 Congress. Responsible for 2007 budget and prior years.
Senate President Dick Cheney (R)
Senate President pro tem Ted Stevens (R)
House Speaker Dennis Hastert (R)
Members 100 senators
435 members of the House
5 non-voting delegates
Senate Majority Republican
House Majority
https://en.wikipedia.org/wiki/109th_United_States_Congress

D's may have been seated in Jan 2007. But no budget passes and takes effect until Oct 1 2007.
And then, that doesn't have much effect on the economy for months to almost a year.

Face it, R's ruin the economy. It's all they know how to do.
Look at how that robust economy they inherited in 2017 is now meandering towards another recession. It's all they know how to do.

 

That's what happens when R's run the country into the ground. It takes years to undo their mess.
Even 1st graders know it takes years to undo the greatest recession ever.