Democrats Now More Trusted on Economy Than Republicans

It's the bond market. Japan and China and others are dumping US Treasuries.

 

Stock market today: Dow drops 950 points, S&P 500, Nasdaq tumble as Trump bashes Fed's Powell again

 

The correct answer is Ronald Reagan

 

“The Donald” Depression (Trade Marked TM)

 

Powell is an imbecile who should be worried about the dollar's value... nothing else.

 

The dollar was solid until the schitzo-cheeto started losing us another useless trade war.

 

I'm sorry citygator, actually I'm not, this is complete BS regarding Trump 1.0. I'm beyond tired of you people blaming the Covid Recession on Trump and ignoring the fact that Trump caused a booming economy pre-Covid from 2017 - 2019. Funny how your side conveniently forgets that.

I'm calling you out directly. What did you want Trump to do during Covid? We all know what you wanted him to do. You and your side wanted European style lockdowns here in the U.S., where people couldn't even leave their apartments and homes. Never mind the fact that those lockdowns hurt even more, and the U.S. economy, thanks in big part to Trump, recovered more quickly than Europe from Covid.

Covid was a one in a century pandemic. It didn't matter who was President, the U.S. would have gone into recession. Let me emphasize that, IF A DEMOCRAT HAD BEEN PRESIDENT, WE WOULD HAVE STILL HAD A COVID RECESSION!

If Hilary Clinton had been President, not only would we have had a recession, but it probably would've been worse. If Democrats like yourself had gotten what they wanted, a European style lockdown, you think unemployment would've been 6.3%. Please tell you aren't the naive. We would've have been more in line with Europe, that had an 8.7% unemployment rate during the height of Covid. Unemployment was 9.2% in Italy.

If Hilary Clinton, or any Democrat President, we would've had unemployment at least at 8.7%, we could have even reached double digits.

So tell me, what would you have done if you had been Trump? Trump passed the stimulus to keep people afloat. Trump could not prevent states and businesses from shutting down. A nationwide lockdown would never have been constitutional, as you all saw from the fact Biden could never do it (Biden would have instituted a nationwide lockdown in January 2021 if he could have). And it would've destroyed the economy even more.

Oh, and thanks Trump for giving Biden the Covid vaccine on a silver platter. Thanks to Trump and getting the vaccine prepared in record card, the economy was already recovering before Biden even took office.

I'm so tired of BS from Democrats that blame the Covid economy on Trump. The economy would have been a lot worse and the recovery would have been a lot slower with Democrats in power. Never mind our rights and freedoms. I was happy here in Florida, and in other places like Georgia and South Carolina, in the summer and fall of 2020 having drinks and meals with friends, meanwhile places like California were still in lockdown and citizens were snitching on each other. I know kids here in Florida are more well adjusted and ahead of other states, as kids actually went to school here in 2020 and 2021, while many Democrat states kept the schools shut for a year. Pretty sure I take the Republican approach to Covid over the Democrat approach any day of the week.

 

Trump calls the booming economy? Yeah right. Trump stood on with the shoulders of a giant named Obama. Obama handed Trump the keys to a Ferrari and told him not to mess it up but of course he did

 

Trump 1 was handed a booming economy from Obama. 9 straight years of growth started the last 6 years of Obama. It wasn't huge growth, but around 3% a year.

Trump came in and promised 5% growth. Cut taxes and boosted spending to get there. Result? About 3% growth every year under Trump 1!

The reason was we were in a mature economy. It's marked by slow, consistent growth and slow reduction in unemployment until full employment is c reached. Exactly what happened 2011-2019. Mature economies are also difficult to derail, and even Trump 1 couldn't mess it up. Only the pandemic did that.

Trump 2, different story. We were in a post COVID recovery economy. The US was strong, but other countries were digging out of a recession. Throw in Trump uncertainty with tariffs, DOGE, and everything else, and you get the crap we've endured the last 100 days.

 

So then Biden stood on Trump already recovering economy, right? Unemployment was already going down by the time Biden was in office. Oh and all those jobs that Biden "created?" What a bunch of BS. Almost all of those jobs where just jobs coming back from Covid. THEY WEREN'T NEW JOBS.

And maybe Biden needs to give Trump credit for handing him the Covid vaccine on a silver platter.

Obama gave Trump a decently good economy. Trump flat out made that economy better.

But please, tell me exactly how Democrats would have fared better economically during Covid? Please provide specifics. Does it include the same tactics that Europe implemented, that resulted in higher unemployment and a slower economic recovery than the U.S.?

 

Why is he an imbecile?

The falling dollar is directly related to Donalds actions. Please read some non bias economic information and make your own decision.

 

He actually is interested in the dollar's value. If he acquiesced to Trump and cut interest rates the value of the dollar would really tank.

 

reducing the trade deficit will increase interest rates & reduce the value of the dollar. most peeps don't understand the other side of the ledger - the huge capital surplus that we have enjoyed.

 

Powell basically did the impossible and softly landed the US economy coming out of COVID compared to other first world countries. He miraculously made Biden look good, and thus MAGA supporters hate him.

 

if you ain't got a WSJ subscription, you should get 1 for this article.
https://www.wsj.com/finance/investi...mic-goals-37a7df15?mod=wsjhp_columnists_pos_2

the idea that you can monkey with the market & magically create wealth is pure folly.

More expensive stuff, and less choice of stuff. Increasing saving means reducing consumption. The tariffs amount to the largest tax increase in decades, which counts as government “saving”—as well as pushing up the price for almost everything imported.

Higher interest rates. The capital inflows that offset the trade deficit help fund a big chunk of federal government borrowing. Slash the trade deficit and the net inflow of foreign money dries up. Bond yields will need to rise to attract domestic savers to buy Treasurys instead of stocks or corporate bonds, which will hit share prices and raise the cost of borrowing for companies.

Lower stock prices. Only a small chunk of foreign investments goes into building factories. If there were more foreign direct investment, it could finance at least some of the reconstruction of manufacturing. But we’ve assumed Trump succeeds in shrinking the trade and current-account deficits, so there will be less foreign money coming in (remember: balance). So more foreign factory building means less foreign buying of stocks and bonds, so lower stock prices.

A weaker dollar. In economic theory the dollar is the variable that moves when savings and investment don’t balance. If the U.S. saves too little to cover its investment, the dollar should weaken to make U.S. investments more attractive to foreigners.

 

Who appointed that imbecile?

 

Why does Trump have a pattern of nominating imbeciles? Trump can't be trusted