The Dumpsterfire Economy

[Chicks]

‘The president clearly set himself up’: Trump’s stock market miscalculation

https://www.politico.com/story/2018/...et-down-324880

...it was still a large and shocking decline. It arrived amid growing concern that an economy juiced by a massive corporate tax cut, and already at full employment, could overheat and require forceful action from a new and untested Federal Reserve chairman — installed by Trump — to cool things down.

On top of concerns about rising inflation, the tax cuts are already increasing the federal government’s need to borrow and accelerating the date by which Congress must raise the federal debt limit. And as of Monday, there was still no plan in Washington to raise the limit and avoid a catastrophic default.

[whell]

Originally Posted by Chicks

‘The president clearly set himself up’: Trump’s stock market miscalculation

https://www.politico.com/story/2018/...et-down-324880

...it was still a large and shocking decline. It arrived amid growing concern that an economy juiced by a massive corporate tax cut, and already at full employment, could overheat and require forceful action from a new and untested Federal Reserve chairman — installed by Trump — to cool things down.

On top of concerns about rising inflation, the tax cuts are already increasing the federal government’s need to borrow and accelerating the date by which Congress must raise the federal debt limit. And as of Monday, there was still no plan in Washington to raise the limit and avoid a catastrophic default.

Wait. A month ago, you folks were bragging that the good economic numbers were fully attributable to Obama. Now you're saying that yesterday's decline is all Trump's fault?

So, I guess today's move upward from yesterday's close is back to being Obama's?

[nailer]

Originally Posted by whell

Wait. A month ago, you folks were bragging that the good economic numbers were fully attributable to Obama. Now you're saying that yesterday's decline is all Trump's fault?

So, I guess today's move upward from yesterday's close is back to being Obama's?

If Trump's going to take credit for the gains he deserves blame for the losses.

[whell]

Originally Posted by nailer

If Trump's going to take credit for the gains he deserves blame for the losses.

I suspect he'd be OK with that since the Dow was up over 500 Pts today, and is still way up from where it was a year ago.

On the other hand, I recall some folks around here blaming Bush for the sad state of the economy for years after Barry took office.

[Dondilion]

Originally Posted by whell

I suspect he'd be OK with that since the Dow was up over 500 Pts today, and is still way up from where it was a year ago.

On the other hand, I recall some folks around here blaming Bush for the sad state of the economy for years after Barry took office.

Trump needs to be consistent. If Obama unemployment number was phony then do not celebrate the unemployment report which uses the same methodology.

And what with this more money for military in the time of tax cut?
BTW the Military just report that it cannot account for 800 million dollars.

Trump is not serious. He is just kicking the can down the road. Nobody is dealing with the mounting debts, deficits and the printing of phony money.
It was laughable yesterday to hear the chorus of pundits saying "fundamentals are sound".

One thing is certain the people overseas are wising up to the fact that we are naked and are going to be very wary to buy our increasing debts.

[Chicks]

Originally Posted by Dondilion

Trump needs to be consistent. If Obama unemployment number was phony then do not celebrate the unemployment report which uses the same methodology.

And what with this more money for military in the time of tax cut?
BTW the Military just report that it cannot account for 800 million dollars.

Trump is not serious. He is just kicking the can down the road. Nobody is dealing with the mounting debts, deficits and the printing of phony money.
It was laughable yesterday to hear the chorus of pundits saying "fundamentals are sound".

One thing is certain the people overseas are wising up to the fact that we are naked and are going to be very wary to buy our increasing debts.

Excellent post!

[Chicks]

Originally Posted by whell

Wait. A month ago, you folks were bragging that the good economic numbers were fully attributable to Obama. Now you're saying that yesterday's decline is all Trump's fault?

So, I guess today's move upward from yesterday's close is back to being Obama's?

Guess you forgot about that little tax “reform” bill that was passed last month, then... You’re such a moron.

[whell]

Originally Posted by Chicks

Guess you forgot about that little tax “reform” bill that was passed last month, then... You’re such a moron.

Nah, I didn't forget. My paycheck will start getting bigger this month.

[Chicks]

Originally Posted by whell

Nah, I didn't forget. My paycheck will start getting bigger this month.

Don’t spend the $1.50 all in one place.

[whell]

Originally Posted by Chicks

Don’t spend the $1.50 all in one place.

Clueless little troll. This is what you sound like when you parrot Nancy Pelosi, which seems like most of the time.

Do a bit of research, and you'll find out what the numbers actually look like. For someone like me, it'll be about $1300, which is like getting an extra paycheck or two in a year. If you don't think that'll be felt by the average Joe and be very helpful to the average family, you're a lost cause.