rising, Fed has to pump in cash to overnight market, Norks still firing missiles, Iran seizing tankers and blowing up oil fields in the gulf, trade war, no deal on immigration, ideas to build alligator moats and drop Nukes into hurricanes springing from the mouth of the prez, while same prez shaking down a foreign leader for dirt on another rival in 2020.
True greatness.
….was his failure to crack down on the banking sector and demand real reform, in 2009-2010.
If we are headed to another crash, it might be because we did not address real moral hazard the last time this happened.
Link: A pretty scary article
Trump's worthless corporate tax cuts and idiotic projections of GDP growth are going to come home to roost in 2020. Unlike some Dems I am not happy about the poor growth and USA & global economic slowdown.
"All of this goes to show that making the economy great isn’t easy. Even a $1 trillion tax cut and massive deficit spending could only provide a temporary boost to the growth rate. The ability of any president to make large improvements in our living standards is exaggerated."
"The ability of a president to make things worse, however, is really the more relevant story today."
It seems like a million years ago, but in December 2017, when Trump signed the Tax Cut and Jobs Act (TCJA), the Republicans were flying high. With the tax cut, they had accomplished a significant legislative victory on their top priority issue. They celebrated that the economy would be able to soar once more.
And it did soar — a little bit, for a little while. Real gross domestic product (GDP) growth hit 3.5% in the spring of 2018, and it seemed for a moment to some Republicans that Trump might have been correct about the incredible impact that the tax cuts could have.
But then reality hit. Growth throttled back to 2.9% and then to 1.1%. Since the tax cut went into effect, growth has averaged 2.5%, about the same as the 2.6% recorded in the six quarters before the tax cut was passed.
Almost every forecast from professional economists, the Federal Reserve, the Congressional Budget Office, the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD) — but not the White House! — looks for growth of around 2% per year for the foreseeable future. With the growth in the potential labor force slowing from about 1% per year to about 0.2%, it’ll take some very good productivity numbers just to hit 2%.
Link: https://www.marketwatch.com/story/how-trumps-economy-went-from-rocket-ship-to-lead-balloon-2019-09-27
Such BS.
In a few minutes he'll be back in front of the cameras.
But Jesus is this guy unfit for office. Ranting and raving about Schiff and Pelosi and all sorts of nonsense.
It's going to get worse before it gets better.
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the standard is getting harder to top.
If there was a Snake and Alligator Moat Along the Southern Border TV Channel, I'd subscribe.
One could be “Which Wetback Gets a Green Card”. Orange as the host gets to decide which of 5 undocumented Mexican families gets to stay in the US, while the others get tossed into the alligator and snake moat. The various competitions to decide the winner may include genital grabbing by the CIC, and job performance at several Trump resorts. For mature audiences only.
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I WOULD be happy if he would end this trade war madness, get some face savings deal with the Chicoms and move on.