A president who is evidently unable to speak without making false accusations and threats. Diplomacy is beyond this president, while stoking animosities is a constant. What a tragedy for all.
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Any business man or woman who believes a word that spews from Donald Trump's mouth has got rocks in his or her head. " The gang that couldn't shoot straight" is a phrase that keeps coming to mind. Jimmy Breslin was referring to something other, but the utter ineptitude and chaos and duplicity of Trump are redolent of the term. Say goodbye, Donald.
3
I can't shake this feeling that there is a day of reckoning headed our way as Trumponomics loses steam. The artifice underpinning Trump's 'economic boom' shares it's DNA with The Trump Organization, a corporation that has more in common with smoke and mirrors than it does with dollars and cents.
Trump is a high-risk borrower and a highly litigious debtor which is the sum-total of all he brings to the table when it comes to the US economy.
Perhaps 'Caveat emptor' should replace E pluribus unum on America's Great Seal for as long as Trump remains in office.
1
Trump has refused to cave just to get a deal signrd. Earlier, he sat with Kim to negotiate an end if the war, and achieve a denuclearized Korea. When it came time to sign, Kim backed away from what had been agreed to. Trump walked. Recently we negotiated an agreement with China concerning trade. When it came time to sign, China backed off what had been agreed and Trump walked. China has a lot of reasons to make a deal. The disruption and increasing violence in Hong Kong are continuing. Millions have lost jobs in China. Food contamination has made certain foods in short supply. Their economy is now minus six percent. Our economy is holding its own, unemployment continues to drop. China has every reason to make a deal. Trump shouldn't even have to deal with these trade inequalities. They should been have dealt with when they started.
I sincerly hope the stock market will stop listening and responding to trump's declarations...they should have learned by now they are worthless
2
Trump's announcement about China trade will cause the market to drop which will make big money for all his friends who shorted the market right before his announcement. Such corruption!
1
I'm honestly confused. If the economy, on pretty much every indicator (according to Drumpf), is booming, how and why do we need stimulus from the Fed? Don't we only drop interest rates essentially to stimulate, to bring some heat? I don't mind Drumpf telling things like he sees them, but if he wants me to believe him, he needs to clear up this apparent cognitive dissonance for me.
The most frustrating thing about Trump is that--in this case--he's right.
Wall street WILL vote for him.
And, as someone who worked closely with Chinese tech for years, he's not wrong about the issues, but he's wrong about the approach. Tariffs will not result in substantive change to the trade relationship between the two countries, a relationship that should have been more mindfully shaped decades ago.
1
Didn't Trump appoint four of the five members of the Federal Reserve?
1
Trump uses tariffs like a child uses legos to build and demolish.
He enjoys watching the reaction of the markets and thinks “me did that”.
The stock market is just a private gambling place for the rich and never an indicator of the economy. Since 2008 crisis, many
investors who cannot afford to risk got out of the market.
The warm welcome Trump received from Wall Street is proof that the rich only care about money. Healthy Americans, prosperous communities, excellent education and patriotism are not their concern. Befriending dictators, isolating us from our allies and endangering the lives and future of ordinary Americans empowers them.
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My guess is that the stock market is doing good for the time being. President Trump doesn't need a trade deal to maintain his popularity. And presidential election still has a long way to go.
But Mr. Trump wants to keep the trade deal ongoing and in his pocket, and just in case his popularity declines in the future.
However, China knows that. China will take advantages of this weakness when president Trump is really in need of a trade deal to boost up his voters. Trump could be in a very vulnerable position to concede more demands from China.
And China likes president Trump more than any candidate in the Democratic party. They will keep Mr. Trump happy until the moment of truth comes when Trump needs a trade deal. Then, China will get 75% what they want in a trade agreement.
As China always say that a trade deal is a win-win situation for all. President Trump gets his votes and China escapes the trade war with few scratches. Why not keep president Trump in office for anther four years.
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@Usok
China plans and thinks ahead, Trump only thinks in the moment and threats are his planning. Wants stock market to do well to get the rich vote.
3
A true champion of the people. Trump is an American hero who came to the rescue of a country lost to the whim of Wall Street and its enemies. Thank God for this man and his courage to fight for the American dream and to make the nation great again. May his memory live for eternity.
@Steven Thanks for the laugh. Sarcasm has a way of making a point.
6
It's at once comical and sad to hear a man who committed bribery and extortion in his slimy attempts to paint his closest political rival as corrupt talk about protecting the rule of law.
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I liked the part of Trump’s Economic Club speech where he claimed daughter Ivanka had personally created 14 million new jobs. But then again I enjoy humor of the absurd.
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Tariffs don’t work. In 1932 tariffs were used by the US government and the economy shrunk 33% and kept us in the Great Depression until after WWII. It is simple addition and subtraction. Goods cost more and sales go down. It is the Trump tax on the middle class and impoverished. If the economy is to boom, you cut taxes for the poor and the middle class as they spend their money. It goes back to the rich. Trickle down is a lie that has been told for decades. Unfortunately the American public seems to have trouble with simple math.
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@Brandon
Gee they seem to have worked for China. So China has used protectionism to expand its economy and yet you think it won't work for America. How about giving it a try and seeing what happens. It can't hurt more than the so called globalist policies which have hollowed out the middle class and cost America millions of jobs over the past two decades.
@Brandon
So he's 19 months into it at this point. China is reeling and the US is doing fine. When do you suppose you'll start looking at what's happening instead of parroting stale Trump-hating irrelevancies from a now-quiet crowd?
@Steven -- But, but Trump also said that Ivanka was responsible for creating 14 million jobs!
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"But Mr. Trump's comments provided little clarity about whether the two sides were any closer to a deal."
This could be the lead line to any story that is based on anything that comes out of this president's mouth.
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At BASF we make the machines that take your jobs.
There's no phase 1 trade deal.
Trump is lying because of the bad press. He's done this repeatedly.
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His tax cut worked great for a while but it has run out of steam. So let's do another one. If the rich just had more money they would fix everything
6
If there has been consistent job growth from President Obama's terms continuing now with no manufacturing jobs coming back from China, why are we in a trade war with China ? If we have figured out how to spur our economy despite loss of manufacturing jobs why do not we continue and grow that trend ? I am not saying we should not have fair trade deals with China, I am not able to co-relate a "booming" US economy and a trade war. Why would the same folks who lost their manufacturing jobs now but found new jobs (non-manufacturing) would vote for Trump if they were happy with their new jobs ? The narrative is not clear to me.
4
There is no economic "boom" going on, but nonetheless, Trump is totally right on China. They've been eating our lunch for the past 10 years, and we need to not retract the tariffs without a solid agreement.
1
More market manipulation.
What a shock.
15
His policies have fueled growth he says but no pay increases. What a fake lets make America great again. The only ones who saw growth were the CEOs or owners of the businesses. Or the GOP business owners. When are the GOP supportersgoing to say this is enough we don’t believe you any more.
5
If you put two trillion dollars on the national credit then into my bank account I would be experiencing one heck of a boom also.
6
Trump is always promoting himself. He lies constantly. No one takes him seriously except for the damage he does here and around the world bullying those who are unable to fight back.
4
And why would China make a deal with a Janus-mouthed, chronic, not to say pathological, liar? In one breath we are close to a deal, in the next, we will raise tariffs. China is a past master at playing the long game, so why should they deal now. Trump has no clue what that means. And how soon will China start trying to influence the 2020 election against him, as Putin has done, and will continue to do, for him?
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Another Trump Win for the Farmers !!
3
I will say this: the Chinese heads gotta be spinning.
2
So Obama triples the stock market and brings the unemployment rate from 10% down to 4.6% and that's "Carnage" but Trump has growth in his first three years that doesn't equal Obama's last three years and brings unemployment down one percentage point and declares it an economic "Boom". To quote Indigo Montoya of The Princess Bride fame "I don't think those words mean the same to you as they do to everyone else."
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Trump breathlessly announces an immanent breakthrough with China on trade talks and the financial markets tick up, direly suggests there are difficulties ahead and the markets begin trending down. Not since Midas has anyone made pure gold out of thin air to the enrichment beyond the dreams of avarice of an imperial court.
11
The American economic boom that I want to see is one where we go back to making stuff that we used to make but is now made, in many cases shoddily and with stolen technology, in China.
4
Not likely to happen, no matter who is in charge. We are a service and technology economy.
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@JRoebuck
I don't know. The people who sneak into the country need to find something to do. They can't all be harvesting crops, fixing roofs, cutting laws, and cleaning toilets.
4
@MIKEinNYC
Cost of manufacturing is higher in US, unless we face reality and lower our collective living standard most manufacturing jobs will not come back to the US. I am not saying the current situation is good but is this not how capitalism should work ? If its' cheaper to manufacture elsewhere capitalists will follow, also our brands make 80 - 90% of the profits and Chinese manufacturers keep the rest. The problem we are facing is that capitalism (applicable to manufacturing) is not creating enough jobs in US.
2
He's right -- it is a "boom" -- for members of his class.
18
Bankrupt US farmers selling corn and soybeans at half the 2016 price while permanently losing their markets to Brazil is hardly a tariff driven ‘boom.’
33
And how much have the Farmer's needed to keep solvent?
This is an economic Boom?
20
Other news sources quote Trump's demand for the Fed to institute negative interest rates with: “Give me some of that,” he said. “Give me some of that money. I want some of that money.”
The "money" Trump wants me to give is mine in my savings accounts and bond investments. Trump wants to juice the stock market by initiating a sucker's rally ... and I fear that anyone who heeds his call will end up losing their savings when the market crashes. Meanwhile savers are punished for not giving in to Trump's greed.
"Give me ... that money" indeed! Not mine!
22
Give him credit for one thing.. he is a master as talking out of both sides of his mouth... sometimes simultaneously.
Credit by the way.. which simply reinforces his self involved need to always be the center of drama and attention.
14
Trump has used the "a deal is just around the corner" gambit for the last year and half. From what I read the most that seems possible is a mutual reduction in some tariffs, but not a comprehensive deal. If that is all that happens then why have we gone through all these economic losses, the lost forever billions in farm relief that still has led to record farm bankruptcies, and the 38 billion tax increase for American consumers. Imagine any other Republican instituting a 38 billion tax hike and getting away with it.
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@KJ Peters Nuclear Fusion has been just around the corner since 1972. Yipee!
1