Incompetence is the rule with Trump. Here is proof!

[Luckyone]

Incompetence is the rule with Trump. The economic boom that Trump so often states is "the best ever" is far from it.

The article below is absolute proof (though charts) that Trump is not only a liar but also does not know what he is doing or has done.

These 7 charts show Trump's tax cuts still haven't been the economic 'rocket fuel' he promised, 2 years after the fact

The 2017 law permanently slashed the corporate tax rate to 21% from 35% while also providing temporary benefits for individuals and their families. Critics, though, argued it was a windfall for corporations at the expense of the middle class. Meanwhile, supporters of the tax cuts contended it would unleash an economic bonanza. Businesses would invest in their operations, they said, resulting in improved worker productivity and higher wages.

Treasury Secretary Steven Mnuchin, among others, said the law would juice the nation's gross domestic product to 3% (or more, as Trump said 6%) and soon pay for itself. It's a claim Mnuchin touted again at the World Economic Forum in Davos, Switzerland through the last week. But the law has achieved none of the ambitious goals that Republicans put forward - and there are scant signs they ever will.

Take a close look at all the charts supplied in this article. They show what is real, and not the lie that Trump continues to tell!

 

[ttwtt78640]

I agree that Trump makes all sorts of ridiculous claims, but he is certainly not alone in doing so among politicians or political pundits.

The problem is that many are now saying that this admittedly good economy is simply the continuation of the Obama economy/recovery. You can't have it both ways - calling it the continuing good Obama economy and blaming Trump for it.

 

[hermit]

Perception is everything. People perceive that the economy is doing well, and that Trump is responsible for it.

It may not be true, but that is the perception. No amount of graphs and charts will convince many people otherwise.

 

[Bucky]

Incompetence is the rule with Trump. The economic boom that Trump so often states is "the best ever" is far from it.

The article below is absolute proof (though charts) that Trump is not only a liar but also does not know what he is doing or has done.



Take a close look at all the charts supplied in this article. They show what is real, and not the lie that Trump continues to tell!

Based on what I saw from the food fight known as the Democratic debate, Trump is the best solution. Bernie Sanders's presidency will lead to a deep economic recession. Bloomberg is corrupt. The rest are not even worth talking about.

 

[GDViking]

I agree that Trump makes all sorts of ridiculous claims, but he is certainly not alone in doing so among politicians or political pundits.

The problem is that many are now saying that this admittedly good economy is simply the continuation of the Obama economy/recovery. You can't have it both ways - calling it the continuing good Obama economy and blaming Trump for it.

Well actually you can, I can be argued that Obama built such a strong economy that even a complete moron such as trump who was able to not only bankrupt one casino but four, ( seriously how inept do you have to be to bankrupt a casino) that even he couldn't **** it up.

Unfortunately he did, he built a bubble that will burst at any time.

If I was an investor I would get out of stocks and be buying precious metals...

 

[Bucky]

Well actually you can, I can be argued that Obama built such a strong economy that even a complete moron such as trump who was able to not only bankrupt one casino but four, ( seriously how inept do you have to be to bankrupt a casino) that even he couldn't **** it up.

Unfortunately he did, he built a bubble that will burst at any time.

If I was an investor I would get out of stocks and be buying precious metals...

A lot of businesses go bankrupt, that's actually how they continue to operate.

 

[Luckyone]

I agree that Trump makes all sorts of ridiculous claims, but he is certainly not alone in doing so among politicians or political pundits.

The problem is that many are now saying that this admittedly good economy is simply the continuation of the Obama economy/recovery. You can't have it both ways - calling it the continuing good Obama economy and blaming Trump for it.

No one has said that the uptrend has not continued or that the economy is faltering, meaning it is an extension of what was happening under Obama with "some" additional upside being seen because of the tax cuts and deregulation. What is being said is that the economy is nowhere near "as good" as Trump has stated. and in many cases (as the charts show), the tax cuts and deregulation did not accomplish what they should have accomplished.

The tax cuts were not really needed or at least not needed as they were done where the rich got most of the benefits. Tax cuts are good when the economy is on a downtrend and that creates "new" incentives to grow. With an already growing economy under Obama, stimulating more growth was not going to generate a lot of "more new growth". What it did stimulate is the rich getting richer and putting that additional money into their pockets and not into re-investing.

Trump could have really done a lot for the economy if his tax cuts were aimed more for the poor and middle class as then more "buying" by those people would have generated a lot of automatic growth. But no, Trump had to help the rich make more money and he fu**ed it up. Another example of not only incompetence but of corruption

 

[Mycroft]

Incompetence is the rule with Trump. The economic boom that Trump so often states is "the best ever" is far from it.

The article below is absolute proof (though charts) that Trump is not only a liar but also does not know what he is doing or has done.



Take a close look at all the charts supplied in this article. They show what is real, and not the lie that Trump continues to tell!

Trump boosted the economy the day he got elected.



I would contend that any reduction or lack of continued upward movement is more a function of the opposition from Congress...particularly from Pelosi regarding the USMCA. If she hadn't held back on that trade deal it is likely 2019 would have been a year of increases in economic activity. If fact, there are already indications...since the US ratified the trade deal...of more economic activity in North America.

In the mean time, more jobs continue to be created...wages continue to rise (notably for non-management employees)...and consumer confidence is high. This consumer confidence is indicated by such things as consumer spending during the holidays. Record levels of consumer spending. (people don't spend money when they think the economy is bad)

So...Luckyone...you can take your cherry-picked charts and the spinning explanations and shove it. Reality tells a different story.

 

[Luckyone]

Based on what I saw from the food fight known as the Democratic debate, Trump is the best solution. Bernie Sanders's presidency will lead to a deep economic recession. Bloomberg is corrupt. The rest are not even worth talking about.

Bloomberg is not corrupt as corrupt people do not give away billions of dollars to charity and even if he is, Trump is 10 times more corrupt, meaning that if you are against corruption (as you seem to state), you should not be "for Trump".

As far as keeping Trump in office, it will extend the economic growth for another year or two but then be followed by a major collapse as was seen in 2008 because unrestrained greed always brings collapse. In looking at everything else, Trump will bankrupt this nation in everything else such as belief in the law, unity of the people, honor, respect for one another, justice, and trying to do what is best for the nation and not what is best for oneself. That kind of bankruptcy will bring this nation down and make us a banana republic.

 

[humbolt]

I agree that Trump makes all sorts of ridiculous claims, but he is certainly not alone in doing so among politicians or political pundits.

The problem is that many are now saying that this admittedly good economy is simply the continuation of the Obama economy/recovery. You can't have it both ways - calling it the continuing good Obama economy and blaming Trump for it.

Yeah, well Trump cheats at golf, and Russia.

 

[Torus34]

The curious beast we call The Economy bears a resemblance to the elephant explored by several blind men. Their description varied widely depending upon whether they felt the trunk, a leg, an ear, a tusk, etc.. So it is with the economy.

The cumulative stock indices look very good. The number of farm bankruptcies? Not so good. I could go on to list a number of
'good's' and 'bad's'.

It all depends ...

 

[HumblePi]

Based on what I saw from the food fight known as the Democratic debate, Trump is the best solution. Bernie Sanders's presidency will lead to a deep economic recession. Bloomberg is corrupt. The rest are not even worth talking about.

Trump is the best option for what? For total destruction of the democracy under a constitution that this country has preserved for 243 years? Is he the best option for bankrupt farmers because of his trade war? is he the best option for the environment which has undergone increased threats because of all the EPA regulations he tossed in the garbage? Is he the best option because he's following exactly what the leader of a foreign adversary tells him to do? Is he the best option to come up with some kind of national health care plan that won't include paying for it out of Social Security and Medicare entitlements? What has he done for our infrastructure, education, cost containment for prescription drugs, mending fences with our allies that he has disenfranchised? What on earth could possibly make you believe that Trump is the 'best' option for anything?

Bloomberg is not corrupt and how dare you even make such an erroneous statement and at the same time support a racketeer from NY and a known liar?

 

[Luckyone]

Trump is the best option for what? For total destruction of the democracy under a constitution that this country has preserved for 243 years? Is he the best option for bankrupt farmers because of his trade war? is he the best option for the environment which has undergone increased threats because of all the EPA regulations he tossed in the garbage? Is he the best option because he's following exactly what the leader of a foreign adversary tells him to do? Is he the best option to come up with some kind of national health care plan that won't include paying for it out of Social Security and Medicare entitlements? What has he done for our infrastructure, education, cost containment for prescription drugs, mending fences with our allies that he has disenfranchised? What on earth could possibly make you believe that Trump is the 'best' option for anything?

Bloomberg is not corrupt and how dare you even make such an erroneous statement and at the same time support a racketeer from NY and a known liar?

Great post. Telling it the way it is.

 

[Condor060]

Well actually you can, I can be argued that Obama built such a strong economy that even a complete moron such as trump who was able to not only bankrupt one casino but four, ( seriously how inept do you have to be to bankrupt a casino) that even he couldn't **** it up.

You should spend more time learning information than you do regurgitating fake information. Trumps 4 Casinos filed for CH 11 during an economic downturn which protected and repaid his creditors. He NEVER bankrupted or filed CH 7. His casino's emerged from the BK court and continued to do business.

Only a moron would think he bankrupted casinos.

If I was an investor I would get out of stocks and be buying precious metals...

Yet the hundreds of billions of dollars invested by hundreds of millions of global investors disagree with you. So are all these hundreds of millions of investors all ignorant about the markets or is it just you? Hmmmmm

 

[Luckyone]

You should spend more time learning information than you do regurgitating fake information. Trumps 4 Casinos filed for CH 11 during an economic downturn which protected and repaid his creditors. He NEVER bankrupted or filed CH 7. His casino's emerged from the BK court and continued to do business.

Only a moron would think he bankrupted casinos.

The true story is that the casinos were failing before the downturn. In addition, the true story is that he milked the investors, meaning that he did what he did to get rich at the cost of others that believed in him, much like what happened to Cohen and Sessions and what will happen to you and all other Trump supporters. You are the ones that will be left paying the consequences while Trump is living it up in Mar-a-Lago.

His audacious personality and opulent properties brought attention — and countless players — to Atlantic City as it sought to overtake Las Vegas as the country’s gambling capital. But a close examination of regulatory reviews, court records and security filings by The New York Times leaves little doubt that Mr. Trump’s casino business was a protracted failure. Though he now says his casinos were overtaken by the same tidal wave that eventually slammed this seaside city’s gambling industry, in reality he was failing in Atlantic City long before Atlantic City itself was failing.

But even as his companies did poorly, Mr. Trump did well. He put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments. The burden of his failures fell on investors and others who had bet on his business acumen.

Yet the hundreds of billions of dollars invested by hundreds of millions of global investors disagree with you. So are all these hundreds of millions of investors all ignorant about the markets or is it just you? Hmmmmm

You answer to GDViking's contention that "If I was an investor I would get out of stocks and be buying precious metals..." regarding that hundreds of millions of global investors disagree with you is just plain full of a lack of knowledge. You really should do more research before opening your mouth

Hmmmmmmm? Gold has gone up 25% in value over the past 18 months while the DOW has only gone up 7%

 

[Condor060]

The true story is that the casinos were failing before the downturn. In addition, the true story is that he milked the investors, meaning that he did what he did to get rich at the cost of others that believed in him, much like what happened to Cohen and Sessions and what will happen to you and all other Trump supporters. You are the ones that will be left paying the consequences while Trump is living it up in Mar-a-Lago.

Only one problem with your Liberal theory. If what you state was true he would just file CH 7 and walk away. You don't file CH 11 and give a federal trustee complete control of your assets if you plan on screwing everyone.

Which means you obviously have no clue about bankruptcy filings and proves you are just regurgitating Liberal banter.

You answer to GDViking's contention that "If I was an investor I would get out of stocks and be buying precious metals..." regarding that hundreds of millions of global investors disagree with you is just plain full of a lack of knowledge. You really should do more research before opening your mouth

Hmmmmmmm? Gold has gone up 25% in value over the past 18 months while the DOW has only gone up 7%

Last I checked we were at about a 400th historical stock market high. How did you think we got there, investors jumping out and buying gold? Hilarious.

Even when the public stock market is right in your face you will still make up scenarios. I can't even imagine how much it must suck to be in the Trump hating cult.

 

[Craig234]

Bloomberg is not corrupt as corrupt people do not give away billions of dollars to charity and even if he is, Trump is 10 times more corrupt, meaning that if you are against corruption (as you seem to state), you should not be "for Trump".

He's not corrupt exactly, but I think he does have a pretty strong bias for Wall Street and plutocracy, despite his saying the rich should pay more taxes. I agree with the rest of your post. We could do a lot worse, like trump.

As far as keeping Trump in office, it will extend the economic growth for another year or two but then be followed by a major collapse as was seen in 2008 because unrestrained greed always brings collapse. In looking at everything else, Trump will bankrupt this nation in everything else such as belief in the law, unity of the people, honor, respect for one another, justice, and trying to do what is best for the nation and not what is best for oneself. That kind of bankruptcy will bring this nation down and make us a banana republic.

Agree again. The trump supporters have no idea how they are enabling the destruction of our democracy.

 

[Helix]

Incompetence is the rule with Trump. Here is proof!

there is no proof significant enough to sway those who still need proof.

 

[Bucky]

Bloomberg is not corrupt as corrupt people do not give away billions of dollars to charity and even if he is, Trump is 10 times more corrupt, meaning that if you are against corruption (as you seem to state), you should not be "for Trump".

As far as keeping Trump in office, it will extend the economic growth for another year or two but then be followed by a major collapse as was seen in 2008 because unrestrained greed always brings collapse. In looking at everything else, Trump will bankrupt this nation in everything else such as belief in the law, unity of the people, honor, respect for one another, justice, and trying to do what is best for the nation and not what is best for oneself. That kind of bankruptcy will bring this nation down and make us a banana republic.

Mark Cuban said the stock market would tank if Trump got elected in 2016.

He was dead wrong. China Phase 2 deal will be done after the Corona Virus dies down.

 

[Luther]

Trump boosted the economy the day he got elected.



I would contend that any reduction or lack of continued upward movement is more a function of the opposition from Congress...particularly from Pelosi regarding the USMCA. If she hadn't held back on that trade deal it is likely 2019 would have been a year of increases in economic activity. If fact, there are already indications...since the US ratified the trade deal...of more economic activity in North America.

In the mean time, more jobs continue to be created...wages continue to rise (notably for non-management employees)...and consumer confidence is high. This consumer confidence is indicated by such things as consumer spending during the holidays. Record levels of consumer spending. (people don't spend money when they think the economy is bad)

So...Luckyone...you can take your cherry-picked charts and the spinning explanations and shove it. Reality tells a different story.

But somehow cant get over that 3% GDP hump(LOL)

 

[Mycroft]

But somehow cant get over that 3% GDP hump(LOL)

shrug...

Trump is only the President. He's not a king.

But if the Fed and Congress were to work with him, instead of against him, we WOULD be over that hump.

 

[Paradoxical]

Well actually you can, I can be argued that Obama built such a strong economy that even a complete moron such as trump who was able to not only bankrupt one casino but four, ( seriously how inept do you have to be to bankrupt a casino) that even he couldn't **** it up.

Unfortunately he did, he built a bubble that will burst at any time.

If I was an investor I would get out of stocks and be buying precious metals...

I guess Obama handed off that magic wand he didn't think existed, eh?

 

[Luther]

shrug...

Trump is only the President. He's not a king.

But if the Fed and Congress were to work with him, instead of against him, we WOULD be over that hump.

Again, there's your scapegoat

Pray tell who hired this Fed chairman? (Take your time)

Also, me thinks you would need a lot more than the Fed to get 6% GDP

 

[Mycroft]

Again, there's your scapegoat

Pray tell who hired this Fed chairman? (Take your time)

Also, me thinks you would need a lot more than the Fed to get 6% GDP

Trump hired a lot of people who turned around and stabbed him in the back.

What part of "and Congress" do you not understand.

btw, moving goal posts now? First you talk about 3%...now it's 6%. Make up your mind, eh?

 

[Hawkeye10]

Trump hired a lot of people who turned around and stabbed him in the back.

What part of "and Congress" do you not understand.

btw, moving goal posts now? First you talk about 3%...now it's 6%. Make up your mind, eh?

This deeply into this dark age loads of people turn out to be no better than pond scum.

News at 11:00.