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Cont: The Trump Presidency: Part 19

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Trump Tweets

The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors. We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!
 
Trump Tweets

Prayers for all of those affected by the devastating tornadoes in Tennessee. We will continue to monitor the developments. The Federal Government is with you all of the way during this difficult time.

Mini Mike Bloomberg can never recover from his incompetent debate performances. Also, as mayor he was very bad under pressure - a choker!

New book by @charliekirk11, already number 1, “The MAGA Doctrine”. Really great, SUPPORT CHARLIE KIRK. Buy now!

Texas & Oklahoma: Mini Mike Bloomberg will kill your drilling, fracking and pipelines. Petroleum based “anything” is dead. Energy jobs gone. Don’t vote for Mini Mike!
 
turingtest said:
Trump Tweets

Australia’s Central Bank cut interest rates and stated it will most likely further ease in order to make up for China’s Coronavirus situation and slowdown. ...Our Federal Reserve has us....

....paying higher rates than many others, when we should be paying less. ...Should ease and cut rate big.
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Trump may have a point here, I don't know enough about economics to say one way or the other.
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No, no he doesn't.

There are a number of factors that go into determining interest rates, most of them domestic. The fed wants to keep the economy strong, but without overheating, and they also want to keep inflation low. And, they also need to leave enough flexibility to handle problems that may come in the future.

If Trump had his way and the fed cut rates, it might boost the economy, but:

- the economy is already over-stimulated, thanks to huge republican-inspired deficits. Stimulating it more could lead to a bubble, followed by a huge crash

- It would leave the government with little to do when the inevitable recession DOES hit. The idea is that when the economy slows down, you want to cut interest rates to help get it started again. If interest rates are slashed NOW (when the economy is still growing) they won't have the ability to cut later when real problems start to occur.
 
Economics on the scale of an entire national economy is so complicated that even a smart President with a strong background in economics would still need several really good economist of various disciplines in their administration to make sound economic decisions.

There's... plenty of places where Trump's insane delusion where he's the best at everything makes thing worse, but this is one of the biggest.
 
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Armitage72 said:
There's now been an emergency rate cut, but I'm sure he'll say it isn't enough.
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"the fundamentals of the US economy remain strong"

:jaw-dropp

Segnosaur said:
No, no he doesn't.

There are a number of factors that go into determining interest rates, most of them domestic. The fed wants to keep the economy strong, but without overheating, and they also want to keep inflation low. And, they also need to leave enough flexibility to handle problems that may come in the future.

If Trump had his way and the fed cut rates, it might boost the economy, but:

- the economy is already over-stimulated, thanks to huge republican-inspired deficits. Stimulating it more could lead to a bubble, followed by a huge crash

- It would leave the government with little to do when the inevitable recession DOES hit. The idea is that when the economy slows down, you want to cut interest rates to help get it started again. If interest rates are slashed NOW (when the economy is still growing) they won't have the ability to cut later when real problems start to occur.
Click to expand...

There's also the lessons learned through the late 80s/90s. If you slash too deep or too rapidly, people think "oh my god it must be really bad" and what was intended as encouragement backfires.
 
JoeMorgue said:
Economics on the scale of an entire national economy is so complicated that even a smart President with a strong background in economics would still need several really good economist of various disciplines in their administration to make sound economic decisions.

There's... plenty of places where Trump's insane delusion where he's the best at everything makes thing worse, but this is one of the biggest.
Click to expand...

He likely has massive debt tied to the prime rate.
 
Armitage72 said:
There's now been an emergency rate cut, but I'm sure he'll say it isn't enough.
Click to expand...

Captain_Swoop said:
Trump Tweets

The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors. We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!
Click to expand...




Armitage72 called it! Less than an hour.
 
Trump Tweets

It was my great honor to address the National Association of Counties Legislative Conference where 1,200 County Leaders whose incredible devotion, talent, and drive directly and profoundly improve the lives of millions of Americans each and every day.

#PrayForNashville

Prayers for all of those affected by the devastating tornadoes in Tennessee. We will continue to monitor the developments. The Federal Government is with you all of the way during this difficult time.
 
Defense Secretary Warns Commanders Not to Surprise Trump on Coronavirus

Defense Secretary Mark T. Esper has urged American military commanders overseas not to make any decisions related to the coronavirus that might surprise the White House or run afoul of President Trump’s messaging on the growing health challenge, American officials said.
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Mr. Esper told commanders deployed overseas that they should check in before making decisions related to protecting their troops.
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In response, Mr. Esper said he wanted advance notice before General Abrams or any other commander made decisions related to protecting their troops.
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JoeMorgue said:
So has anyone else heard the theory that sometime between now and the election, probably July 16th to really step on the toes of whoever the Democratic Nominee is gonna be, Trump is going to annouce he's dumping Pence and running with Nikki Haley in 2020?

https://www.cnn.com/2020/03/03/politics/nikki-haley-mike-pence-trump-vp/index.html
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Having put Pence in the coronavirus crosshairs, The PDJT has a built-in excuse for deciding to go with someone else if he so chooses. Pence knows he's in a no-win situation.
 
JoeMorgue said:
So has anyone else heard the theory that sometime between now and the election, probably July 16th to really step on the toes of whoever the Democratic Nominee is gonna be, Trump is going to annouce he's dumping Pence and running with Nikki Haley in 2020?

https://www.cnn.com/2020/03/03/politics/nikki-haley-mike-pence-trump-vp/index.html
Click to expand...

Actually , the theory that Pence is being set up to be the fall guy /scape goat for the corona virus is pretty commonplace for over a week now.
Kill two birds with one stone.
 
Trump tweets

I am calling on Congress to send me a Bill that fully and permanently funds the LWCF and restores our National Parks. When I sign it into law, it will be HISTORIC for our beautiful public lands. ALL thanks to @SenCoryGardner and @SteveDaines, two GREAT Conservative Leaders!

I commend the hard work of Senator @SteveDaines and @SenCoryGardner in protecting funding for the Land and Water Conservation Fund for years to come. The citizens of Montana and Colorado thank you both!
 
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Trump Tweets

The biggest loser tonight, by far, is Mini Mike Bloomberg. His “political” consultants took him for a ride. $700 million washed down the drain, and he got nothing for it but the nickname Mini Mike, and the complete destruction of his reputation. Way to go Mike!

Elizabeth “Pocahontas” Warren, other than Mini Mike, was the loser of the night. She didn’t even come close to winning her home state of Massachusetts. Well, now she can just sit back with her husband and have a nice cold beer!

Mini Mike, don’t lick your dirty fingers. Both unsanitary and dangerous to others and yourself!
 
Trump Retweeted

Judge Napolitano
@Judgenap
Hillary Clinton Faces a Catch-22 in Deposition

Democrats Discussing Ways to Stop Bernie Sanders


Ronna McDaniel
@GOPChairwoman
The WINS continue to pour in for @realDonaldTrump
Thank you to the millions of supporters in ARKANSAS, COLORADO, MINNESOTA and TEXAS!
 
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