Mileage Psycho Posted May 15, 2019 Share Posted May 15, 2019 Hmmm. Quote Trump is running the U.S. economy like he ran his businesses Last week, we found out that President Trump lost a billion dollars during the same decade he ghost-authored a book testifying to his business genius. On Monday, the stock market lost 600 points as investors panicked over the president's decision to escalate his trade war with China by slapping that country with a new series of tariffs. Are the two events connected? Absolutely. Trump's business acumen turned out to be a sham. It's a good bet the Trump economy — his best argument for re-election — will turn out to be a failure, too. And if his history of bankruptcies, lawsuits, and failed enterprises is any indication, the president will proclaim success every step of the way. "I love the position we're in," Trump said at the White House on Monday. "I think it's working out really well." The president has often touted economic growth and low unemployment figures on his watch — indeed, he frequently uses the economy as a shield against inquiries and criticism on wholly unrelated fronts. And he's smart to do so. As The New York Times recently pointed out, Trump "is running on the strongest economy of any president seeking re-election since Bill Clinton in 1996, and arguably since Richard M. Nixon in 1972. Job creation is strong and last month the unemployment rate dipped to its lowest point in half a century, 3.6 percent." Typically, that's the end of the argument: Conventional wisdom suggests that when the economy is going strong, Americans have mostly been inclined to re-elect the president or party in office. And Trump ran his first election on the promise he'd bring his much-touted dealmaking acumen to rebuilding the country's fragile post-Great Recession wealth. "Today is a metaphor for what we can accomplish for this country," he said late in the 2016, as he opened a new hotel just a few blocks from the White House. Trump has indeed handled the economy like he operated his businesses. There are several notable similarities. First, Trump has built his success on inherited wealth. For all the mythmaking he's done, Trump as a private businessman was never a self-made man: He received an estimated $413 million from the real estate empire of his father, Fred. It's pretty easy to look like a winner when you have a massive head start. Similarly, the American economy was hardly at rock bottom when Trump became president: President Obama really did inherit an economy that looked like it was going to fall apart during the final months of the George W. Bush administration — it cratered early in Obama's first term, then grew, sometimes fitfully, from there. Trump has never faced those kinds of foundations. His record of economic success is built, in part, on the foundation built by his predecessor. Second, the president's apparent success is built on massive debt. During the presidential campaign, Trump proclaimed himself the "King of Debt," bragging that he'd used borrowed money to create his business empire. What he didn't emphasize was that he frequently ended up never repaying his debts — making him so toxic within the business community that only one major bank in the world, Deutsche Bank, would lend to him. Similarly, while the massive tax cut passed by Trump and Congressional Republicans probably did boost the economy for a bit, it's also true that those cuts weren't paid for: America's national debt topped $22 trillion earlier this year. Someday, your children or grandchildren may end up paying the price for a few extra months of economic growth under this president. Finally, Trump has tried to disguise the actual results of his actions with hype and misdirection. The president has constantly spun his private sector failures as success. Losing a billion dollars in a decade? That's just smart tax planning. The failure of his airline? Somebody else's fault. As president, he has proclaimed that "trade wars are easy to win" — not true — and frequently asserted, incorrectly, that trade war tariffs placed on Chinese goods are being paid by that country directly into the American Treasury. They aren't, and he's been corrected on that point so many times that it's probably best to assume he's just straight up lying. The reality is that the president's trade wars are hurting the American economy. Trump was a failure as a businessman — but used his considerable self-promotion skills to fail upwards, first into a popular TV show, then into the presidency. It is starting to look like his management of the economy could come to a similar, ignominious result. The difference this time? His dad isn't around to bail him out. It's the rest of us who will be left holding the bag. https://theweek.com/articles/841251/trump-running-economy-like-ran-businesses 1 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 15, 2019 Share Posted May 15, 2019 .....and Obama ran it like he did as a community organizer. 1 2 Quote Link to comment Share on other sites More sharing options...
racer254 Posted May 15, 2019 Share Posted May 15, 2019 46 minutes ago, Zambroski said: .....and Obama ran it like he did as a community organizer. LOL, take a look at the other articles this guy writes.....Full on TDS. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 15, 2019 Platinum Contributing Member Share Posted May 15, 2019 Nice unbiased source MC. Home » The Week (USA) The Week (USA) Has this Media Source failed a fact check? LET US KNOW HERE. LEFT BIAS These media sources are moderately to strongly biased toward liberal causes through story selection and/or political affiliation. They may utilize strong loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes), publish misleading reports and omit reporting of information that may damage liberal causes. Some sources in this category may be untrustworthy. See all Left Bias sources. Overall, we rate The Week Left Biased based on story selection that frequently favors the left as well as strongly left leaning editorial positions. We also rate them High for factual reporting due to proper sourcing and a clean fact check record. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 15, 2019 Share Posted May 15, 2019 14 minutes ago, racer254 said: LOL, take a look at the other articles this guy writes.....Full on TDS. I used to look at the authors on these hack pieces. I don’t need to anymore. Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted May 15, 2019 Share Posted May 15, 2019 11 minutes ago, Highmark said: Nice unbiased source MC. Home » The Week (USA) Facts favor the left, so ya. 1 Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted May 15, 2019 Share Posted May 15, 2019 So now Vince and MC are sharing the same brain? Quote Link to comment Share on other sites More sharing options...
jtssrx Posted May 15, 2019 Share Posted May 15, 2019 Just now, Carlos Danger said: So now Vince and MC are sharing the same brain? they have brains who knew? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 15, 2019 Platinum Contributing Member Share Posted May 15, 2019 (edited) 50 minutes ago, XC.Morrison said: Facts favor the left, so ya. Having facts in an article doesn't mean its relative to the biased point its trying to make. This is a perfect example. Trump had debt so he will ruin the country. Edited May 15, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
racer254 Posted May 15, 2019 Share Posted May 15, 2019 16 minutes ago, Zambroski said: I used to look at the authors on these hack pieces. I don’t need to anymore. I would be great if the OP's of these threads would do that first. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 15, 2019 Share Posted May 15, 2019 Just now, racer254 said: I would be great if the OP's of these threads would do that first. They don’t need to. These writers and media cater exactly to their emotion based thoughts. People like being lied to if it makes them feel good....especially if it makes them feel righteous. I never understood that but, it’s just true as hell. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 15, 2019 Share Posted May 15, 2019 1 hour ago, Mileage Psycho said: Hmmm. I said it a long time ago. He’s a fake. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 15, 2019 Share Posted May 15, 2019 16 minutes ago, Carlos Danger said: So now Vince and MC are sharing the same brain? We both can spot a fraud a mile away unlike you and others here. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 15, 2019 Share Posted May 15, 2019 4 minutes ago, Mainecat said: We both can spot a fraud a mile away unlike you and others here. Dunning Kruger. It’s apparently a large part of TDS. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 15, 2019 Share Posted May 15, 2019 There’s not one CEO in America that would hire the LOOZER. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 15, 2019 Share Posted May 15, 2019 1 minute ago, Mainecat said: There’s not one CEO in America that would hire the LOOZER. Got lots of experience dealing with high level company officers, do ya? Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 15, 2019 Share Posted May 15, 2019 (edited) My god is Vince pathetic.....throwing little tantrums and lashing out like a child because he has to pay more for his garbage Chinese junks Fuck off with this shit Lil' Napoleon Edited May 15, 2019 by f7ben Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 15, 2019 Share Posted May 15, 2019 48 minutes ago, f7ben said: My god is Vince pathetic.....throwing little tantrums and lashing out like a child because he has to pay more for his garbage Chinese junks Fuck off with this shit Lil' Napoleon You voted for the fraud. Quote Link to comment Share on other sites More sharing options...
f7ben Posted May 15, 2019 Share Posted May 15, 2019 1 hour ago, Mainecat said: You voted for the fraud. The fuck I did pants shitter Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 15, 2019 Platinum Contributing Member Share Posted May 15, 2019 2 hours ago, Zambroski said: Got lots of experience dealing with high level company officers, do ya? Yep....his brother. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 15, 2019 Share Posted May 15, 2019 1 hour ago, Highmark said: Yep....his brother. MC is really a perfect representative for the Liberal movement: mad, dumb and blatantly ignorant. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 15, 2019 Share Posted May 15, 2019 Trump could never borrow $22 trillion, even from Russian banks. So dumb Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted May 16, 2019 Share Posted May 16, 2019 8 hours ago, Highmark said: Nice unbiased source MC. Home » The Week (USA) The Week (USA) Has this Media Source failed a fact check? LET US KNOW HERE. LEFT BIAS These media sources are moderately to strongly biased toward liberal causes through story selection and/or political affiliation. They may utilize strong loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes), publish misleading reports and omit reporting of information that may damage liberal causes. Some sources in this category may be untrustworthy. See all Left Bias sources. Overall, we rate The Week Left Biased based on story selection that frequently favors the left as well as strongly left leaning editorial positions. We also rate them High for factual reporting due to proper sourcing and a clean fact check record. Read the bold again Boeing boy. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 16, 2019 Platinum Contributing Member Share Posted May 16, 2019 10 hours ago, revkevsdi said: Read the bold again Boeing boy. Figures you are too stupid to understand what I said. Just because Trump had loses at one point of his career doesn't correlate to shit now regarding economic policy. Quote Link to comment Share on other sites More sharing options...
racer254 Posted May 16, 2019 Share Posted May 16, 2019 4 minutes ago, Highmark said: Figures you are too stupid to understand what I said. Just because Trump had loses at one point of his career doesn't correlate to shit now regarding economic policy. That's why the left wants his taxes. So they can point out things that have little relevance, except to make trump look bad. Quote Link to comment Share on other sites More sharing options...
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