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Thread: Trump's "Magic * Ball" Economic Policies

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    Veteran Member Madeline's Avatar
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    Trump's "Magic 8 Ball" Economic Policies

    President Trump, a man of few allegiances who seized control of the Republican Party in a hostile takeover, suddenly aligned himself with Democrats Wednesday on a series of key fiscal issues — and even gave a lift to North Dakota’s embattled Democratic U.S. senator.

    Trump confounded his own party’s leaders when he cut a deal with Democratic congressional leaders — “Chuck and Nancy,” as the president informally referred to them — on a short-term plan to fund the government and raise its borrowing limit this month.

    Trump’s surprise stance upended sensitive negotiations over the debt ceiling and other crucial policy areas this fall and further imperiled his already tenuous relationships with Senate Majority Leader Mitch McConnell (R-Ky.) and House Speaker Paul D. Ryan (R-Wis.).

    The episode is the latest turn in Trump’s extraordinary separation from his own party, as he distances himself to deflect blame for what has been a year of gridlock and missed opportunities for Republicans on Capitol Hill. It follows a summer of presidential stewing over McConnell and Ryan, both of whom Trump views as insufficiently loyal and weak in executing his agenda, according to his advisers.

    Trump made his position clear at a White House meeting with both parties’ congressional leaders, agreeing with Senate Minority Leader Charles E. Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) on plans for a bill to fund the government and raise the debt ceiling for three months.

    The House of Representatives Sept. 6 passed a $7.85 billion aid package for victims of Hurricane Harvey, though New York Democrats reminded Texans of how they voted after Hurricane Sandy. (Sarah Parnass/The Washington Post)
    That effectively postpones until December a divisive fight over fiscal matters, including whether to fund construction of Trump’s long-promised wall at the U.S.-Mexico border.

    “We had a very good meeting with Nancy Pelosi and Chuck Schumer,” Trump told reporters Wednesday aboard Air Force One as he traveled to North Dakota. “We agreed to a three-month extension on debt ceiling, which they consider to be sacred — very important — always we’ll agree on debt ceiling automatically because of the importance of it.”

    In siding with Democrats, Trump overruled his own Treasury secretary, Steve Mnuchin, who was in the middle of an explanation backing a longer-term increase when the president interrupted him and disagreed, according to a person briefed on the meeting, who spoke on condition of anonymity because they were not authorized to speak publicly. Trump was “in deal-cutting mode,” the person said.

    *Snip*

    Later in the day Wednesday, Trump brought a special guest with him to an oil refinery in Mandan, N.D., to pitch his tax-cuts plan: Sen. Heidi Heitkamp, a Democrat facing a tough reelection in a solidly Republican state Trump carried in 2016 by 36 percentage points. He welcomed Heitkamp into his traveling delegation, affording her the chance to appear bipartisan by appearing alongside a president popular with North Dakotans.

    NOTE: HTF did he get from DC to ND in one day, and why? Why make a "photo op" appearance today??

    *Snip*

    The short-term extensions for the debt ceiling and government funding are also expected to further cloud the prospects for enacting major tax cuts, Trump’s top domestic priority. They effectively mean spending and budget fights will continue for months, just as the GOP was hoping to coalesce around a plan to cut taxes.

    “Anybody that’s going to vote against tax cuts and tax reforms — whether it’s in North Dakota or anybody else or any place else — you’ve gotta vote against them and get them out of office, because it’s so, it is so bad,” Trump said, pausing so that the crowd could cheer. “This is not a close one.”

    NOTE: Whut? Taxation and economic policy making are simple, with easy answers?



    *Snip*
    https://www.washingtonpost.com/power...=.a3555a33c5a2

    WTF IS Trump's economic policy? No one could possibly explain all the zig-zagging he has done. And why today? There is still a crisis as to North Korea's threats to make nuclear war on Japan, and there are TWO hurricances in the Atlantic, expoected to hit Florioda as a Cat five in less than 72 hours.

    Our economic policy under Trump reads like a spoken version of the Hoiey Pokey song.



    Anyone have a comment?

    @BigLeRoy, sir?
    Last edited by Madeline; 7th September 2017 at 02:44 AM.
    Thanks from BitterPill

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    Veteran Member TNVolunteer73's Avatar
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    if trumps economy is suspect why have 1,500,000+ people gotten their part time employment upsized to full time employment.

    @Madeline Explain please
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    Veteran Member Madeline's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    if trumps economy is suspect why have 1,500,000+ people gotten their part time employment upsized to full time employment.

    @Madeline Explain please
    There was a sizable bump up in economic well-being in the first quarter. I account for that as relief over the NONELECTION of Hillary Clinton. Also, we did have an upward trajectory going.

    People sometimes forget, politics is not the ONLY influencer of GDP, etc.

    I sincerely hope that upward swing continues. It's impossible for me to predict how Trump's chaotic economic policies might affect that; however, if they result in gridlock for Congress, that could be good for the economy. A brief period of calm in the rate of change of government policies can be a positive influence, at times, over the shortrun.

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    Veteran Member Madeline's Avatar
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    @TNVolunteer73....the unenemployment rate also fell in the 1st quarter. Have you read any articles that explain why?

    I am almost more interested in jobs than other parts of the economic picture. Jobs is a vital issue in the Rust Belt, always.

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    Quote Originally Posted by Madeline View Post
    There was a sizable bump up in economic well-being in the first quarter. I account for that as relief over the NONELECTION of Hillary Clinton. Also, we did have an upward trajectory going.

    People sometimes forget, politics is not the ONLY influencer of GDP, etc.

    I sincerely hope that upward swing continues. It's impossible for me to predict how Trump's chaotic economic policies might affect that; however, if they result in gridlock for Congress, that could be good for the economy. A brief period of calm in the rate of change of government policies can be a positive influence, at times, over the shortrun.
    Economic growth rates were actually in a downward trajectory from 2010 to 2016, all the way down to 1.6% in 2016.
    Thanks from Madeline

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    Veteran Member Madeline's Avatar
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    Quote Originally Posted by Libertine View Post
    Economic growth rates were actually in a downward trajectory from 2010 to 2016, all the way down to 1.6% in 2016.
    Humm......I had thought there was a slow but steady expansion of the GDP? Are you saying the GDP actually was shrinking?

    *Quizzical look*

    I am no economics whiz kid, so kindly bear with me. I ask rather simple questions.

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    Quote Originally Posted by Madeline View Post
    Humm......I had thought there was a slow but steady expansion of the GDP? Are you saying the GDP actually was shrinking?

    *Quizzical look*

    I am no economics whiz kid, so kindly bear with me. I ask rather simple questions.
    Thanks from Madeline

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    Galactic Ruler Spookycolt's Avatar
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    How can you say he has no policy, that's about all he's been discussing.

    He plans to keep jobs here, he wants to renegotiate our trade deals, wants to redo the tax code, has submitted a budget proposal......what more are you exactly looking for?

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    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Madeline View Post
    There was a sizable bump up in economic well-being in the first quarter. I account for that as relief over the NONELECTION of Hillary Clinton. Also, we did have an upward trajectory going.

    People sometimes forget, politics is not the ONLY influencer of GDP, etc.

    I sincerely hope that upward swing continues. It's impossible for me to predict how Trump's chaotic economic policies might affect that; however, if they result in gridlock for Congress, that could be good for the economy. A brief period of calm in the rate of change of government policies can be a positive influence, at times, over the shortrun.
    4th qtr of 2016 the upward trajectory was adjusted from 1.1% to 0.85% growth.. (the 4th quarter is considered the HIGH point of GDP production). (Christmas sales)

    we are no seeing 310% greater growth rate.
    Thanks from Madeline

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    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Madeline View Post
    @TNVolunteer73....the unenemployment rate also fell in the 1st quarter. Have you read any articles that explain why?


    I am almost more interested in jobs than other parts of the economic picture. Jobs is a vital issue in the Rust Belt, always.
    Then you need to praise Trump.. the U6 unemployment has declined over 1% since Trump took office the U3 has declined 0.3%
    Which means people are getting FULL TIME JOBS, (1,500,000+ got their part time jobs upsized to full time.)

    That is why the U6 was 9.4% in 2016 while in 2008 it was 9.4% people were being downsized.
    Thanks from Madeline

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