CNN admits “Trump's right: The economy is doing well and he deserves some credit”

[Kangaroo Feathers]

And everyone knows Canadian blood is a moss green colour.

New Zealand blood is black. And smells.

 

[Shaul]

And everyone knows Canadian blood is a moss green colour.

Really?

Nah, The Emperor of Mankind got you dead to rights. You just blew it Shaul. *snicker* *snicker* and we all know it.

.

Um, sure fella. Are you off you meds again?

 

[Shaul]

Then my apologies.

Who did you vote for? Assuming an independent?

That would telling.

Be seeing you.

 

[Shaul]

I don't take my opinions from CNN. Nor from MSNBC, Fox News, the Washington Post, or the New York Times. I arrive at them myself by evaluating confirmed or trusted claims of fact.

I see no evidence that Trump has done anything beneficial for the economy. His trade wars will cost jobs and raise prices. The tax cuts will add to the deficit with no return to the nation or its workers.

What's deranged is to support a continual liar, bigot, business fraud, serial adulterer and sexual predator who is cruel, selfish, and a bully.



For what? Pleas show how any Trump intervention has modified the trajectory of the Obama economy for the positive.



Once again, where's the evidence for that?



And with the deregulation will come more hardship and death for the American people. These regulations being rolled back are things like food inspection, environmental protections, banking safeguards, and worker protections.

Furthermore, it doesn't matter how robust the economy is if most people aren't able to benefit from it. The CEOs and stock holders may be doing very well, but not the typical blue collar worker. He wallows in his lower middle class income status with a shrinking social safety net, shrinking savings, and increasing debt, with no foreseeable escape.

This is the person that Trump panders to, implying that their plight is due to immigrants taking their jobs and welfare queens gaming the system, when their plight is actually due to selfish, wealthy, white Americans keeping them down:

What Working-class and Poor White People Need to Understand About Rich White People

But these people will continue to vote Republican.

Doom, doom, doom!!!

I love it when liberals make crazy predictions and then the don’t come true.

 

[Shaul]

Hmm. If you read it, the message is pretty mixed. It rather looks as if he has helped the economy at the cost of exploding the deficit. This is a an easy trick to pull off if a politician is unscrupulous enough, since the consequences generally come home to roost after he has left office.

But evidence here perhaps that CNN is not a leftie propaganda organ, hell-bent on making Trump look bad regardless of the facts.

Um, the deficits are less than half what they were under Obama. Remember when he gave us deficits over $1.3 trillion each year for three years in a row?

 

[ecco]

Next up will be yet more elimination of and reworking trade agreements. Which will continue to improve the economy.

In your post#20 you asked someone for specifics, so I guess you're OK with giving specifics.

1. Give some specific examples of "business stifling red tape".

Trump's idea of reworking trade deals has been to impose tariffs on China. This has resulted in Trump promising $12,000,000,000 to farmers to make up for lost revenue. Where is the twelve billion going to come from? I guess we will have to borrow it from the Chinese.

2. Show some specific benefits that have come from Trump's "reworked trade deals".

 

[ecco]

A massive tax cut produces a one year boost for the economy. Yay! What's he gonna do next year - cut taxes again? Whatever happened to balanced budget? Oh, wait, if there is no budget, there is nothing to balance. We'll just have continuing resolutions until Dems take over again. Then the Repubs will go back to yelling about tax deficits and balanced budget.

I see you also are privileged to a crystal ball that the rest of us can only dream about.

One doesn't need a crystal ball to understand history.

 

[Shaul]

In your post#20 you asked someone for specifics, so I guess you're OK with giving specifics.

1. Give some specific examples of "business stifling red tape".

Trump's idea of reworking trade deals has been to impose tariffs on China. This has resulted in Trump promising $12,000,000,000 to farmers to make up for lost revenue. Where is the twelve billion going to come from? I guess we will have to borrow it from the Chinese.

2. Show some specific benefits that have come from Trump's "reworked trade deals".

President Donald J. Trump is Delivering on Deregulation | The White House

An example of reworked trade deals (which I said were coming, not done yet) will include renegotiating NAFTA.
Canada-U.S. deal could come by the weekend, Trump and Mexican official hint, as Trudeau digs in | The Star

 

[pearl]

But if the economy is measured by the stock market its only 'good' for those in the market. Not so much for people working one or more jobs and still live week to week etc.

 

[ecco]

In your post#20 you asked someone for specifics, so I guess you're OK with giving specifics.

1. Give some specific examples of "business stifling red tape".

Trump's idea of reworking trade deals has been to impose tariffs on China. This has resulted in Trump promising $12,000,000,000 to farmers to make up for lost revenue. Where is the twelve billion going to come from? I guess we will have to borrow it from the Chinese.

2. Show some specific benefits that have come from Trump's "reworked trade deals".

President Donald J. Trump is Delivering on Deregulation | The White House

An example of reworked trade deals (which I said were coming, not done yet) will include renegotiating NAFTA.
Canada-U.S. deal could come by the weekend, Trump and Mexican official hint, as Trudeau digs in | The Star

So, ya got nuttin'.
NO specific examples of "business stifling red tape".
NO specific benefits that have come from Trump's "reworked trade deals"
Ask me if I'm surprised.

 

[Shaul]

But if the economy is measured by the stock market its only 'good' for those in the market. Not so much for people working one or more jobs and still live week to week etc.

How do you figure that? A rising stock market translates into a growing economy which benefits all.

If you really think this is true, why aren’t you in the market?

 

[BSM1]

One doesn't need a crystal ball to understand history.

Uhhh...correct me if I'm wrong but doesn't history happen after the fact, not before?

 

[Revoltingest]

A massive tax cut produces a one year boost for the economy.

A cut in tax rates which lasts indefinitely...why should the effect be limited to 365 days?

 

[Revoltingest]

How do you figure that? A rising stock market translates into a growing economy which benefits all.

The value of the stock market measures only what recent buyers are willing to pay
for stocks. One can prognosticate from fluctuations how this small population of
investors feels about changing economic conditions, but this is very different from
the economy, which includes things like employment levels, wage levels, prices, etc.
Also, the value of stocks is dependent upon the rate of return from competing invesments.
So if bond rates go up, stocks go down. If interest rates go down, stocks go up.
In both cases, there's no increase or decrease in economic performance...just in price.

 

[Shad]

And everyone knows Canadian blood is a moss green colour.

No.... It's white so we can blend in with the snow even if wounded!

 

[exchemist]

Um, the deficits are less than half what they were under Obama. Remember when he gave us deficits over $1.3 trillion each year for three years in a row?

The crash of 2007/8 was what led to that. That's what you do in a crash, to keep the economy on life support while it gets sorted out. Trump should be bringing it down, now that that is behind us, not boosting it. And what you say appears to be untrue. See this graph: National debt of the United States - Wikipedia

 

[HonestJoe]

The salient point isn't that CNN is trustworthy, but rather that
one so committed to opposing Trump is doing an about face.

Maybe CNN isn't actually committed to opposing Trump. Maybe Trump is just doing lots of things badly and a few things well and so the balance of media coverage he receives isn't unfair, just relatively accurate?

 

[Shaul]

The crash of 2007/8 was what led to that. That's what you do in a crash, to keep the economy on life support while it gets sorted out. Trump should be bringing it down, now that that is behind us, not boosting it. And what you say appears to be untrue. See this graph: National debt of the United States - Wikipedia

That’s not true. The 2007/2008 crash doesn’t account for them. In 2009 first was the stimulus deal. Then in 2010 it was tha ACÁ and the Simpson-Bowles act. Then in 2011 there was a debt crisis with the Federal government shutdown. Stop the revisionism.

Is the U.S. Budget Deficit Really That Bad?

 

[tytlyf]

Dude, I’m a red-blooded American. I voted in 2016, but not for Trump.

No you're not. You don't even live in the US. You're a paid shill. That much is obvious.

 

[Brickjectivity]

Next up will be yet more elimination of business stifling red tape and reworking trade agreements. Which will continue to improve the economy.

A healthy economy quickly becomes structured then stagnant. What Republicans (not the president) have accomplished is a change in the economy, creating a stress. Chaos of change has done some good, but soon regulations must change again.