The Trump Presidency

https://www.realclearpolitics.com/a..._why_not_create_a_new_center__135157.amp.html

The Duopoly Is Broken -- Why Not Create a New Center?

It’s all inadequate, unproductive, expensive and embarrassing -- by anyone’s definition, GOP control of government isn’t going well. Yet remember when Democrats ran the place? They passed a law without any Republican support that took over one-sixth of the economy. Now Obamacare is threatening to bankrupt or sicken millions of Americans who can no longer pay skyrocketing premiums and deductibles. And those “Dreamers” whom Democrats are now so protective of? The DREAM Act died in the upper chamber at the hands of five Democratic senators when their party controlled both houses of Congress in December of 2010. Something about losing 63 House seats and six Senate seats the month before seemed to knock the principles out of them.

The two parties are failing, of that we are certain in 2017. One party failed to stave off an insurgent, and he wasn’t truly a Republican. The other party nearly failed to stave off an insurgent who only “became” a Democrat to seek the nomination. Both parties are now being captured and contorted by the influences of Steve Bannon and Bernie Sanders.
 
57Brave said:
Put in a call to Bush 41 on how effective those Reagan tax cuts were.
Is there history where you live ?
and if so you either are ignorant of its existence or simply ignore it
Click to expand...

The markets responded negative to 41 not fulfilling his promises of tax cuts. Do you know your history? In fact - there were increases to the marginal rates and not a reduction of the capital gains rates as he promised on the campaign trail.

I understand that you are scratching your head as to why so many economic indicators are through the roof right now. You've been brainwashed your whole life that trickle down economics doesn't work. Simultaneously, we got a somewhat liberal/socialistic administration slapping burdensome regulations on the private sector only to see a once strong American economic engine sputter along for a decade. To top it off the 'Russia thing' is going no where. I worry for your sanity sir.
 
The economy is such a strange thing to try to measure. I remember when things started looking good for Trump on election night, the stock markets worldwide went into free fall. That was an obvious reaction to the increasing likelihood that he would be President and was reported as such. I was surprised because I thought his promises of deregulation would thrill investors. Since he has taken office we have been in a bull market. I know my personal 401k has grown something like 24%. I think the DJI growth since the start of his presidency is only slightly less than that.

Now the story on election night was that the stock markets were reacting poorly due to the uncertainty of a Trump administration. I saw that statement made on at least three mainstream news networks during the election night coverage. If that uncertainty caused such a negative reaction, then something about his administration seems to have done an incredible job of reassuring investors or the market would never have been in such a rapid climb since. I won't pretend to know what it is, but I have difficulty believing it is only due to some regulations being slashed.
 
Jaw said:
The economy is such a strange thing to try to measure. I remember when things started looking good for Trump on election night, the stock markets worldwide went into free fall. That was an obvious reaction to the increasing likelihood that he would be President and was reported as such. I was surprised because I thought his promises of deregulation would thrill investors. Since he has taken office we have been in a bull market. I know my personal 401k has grown something like 24%. I think the DJI growth since the start of his presidency is only slightly less than that.

Now the story on election night was that the stock markets were reacting poorly due to the uncertainty of a Trump administration. I saw that statement made on at least three mainstream news networks during the election night coverage. If that uncertainty caused such a negative reaction, then something about his administration seems to have done an incredible job of reassuring investors or the market would never have been in such a rapid climb since. I won't pretend to know what it is, but I have difficulty believing it is only due to some regulations being slashed.
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Remember watching MSNBC on election night and they had the DOW Futures number posted. Funny that they have ignored that index since then.
 
thethe said:
The markets responded negative to 41 not fulfilling his promises of tax cuts. Do you know your history? In fact - there were increases to the marginal rates and not a reduction of the capital gains rates as he promised on the campaign trail.

I understand that you are scratching your head as to why so many economic indicators are through the roof right now. You've been brainwashed your whole life that trickle down economics doesn't work. Simultaneously, we got a somewhat liberal/socialistic administration slapping burdensome regulations on the private sector only to see a once strong American economic engine sputter along for a decade. To top it off the 'Russia thing' is going no where. I worry for your sanity sir.
Click to expand...

I remember 41 refer to trickle down as voodoo economics, . I remember a recession I remember Bush being challenged by hard liners over having to raise revenues and eventually losing to Clinton. Due mostly to the boom bust economy he inherited.
 
Do you also remember a dude named Ross Perot? I'm no fan of 41, but his losing reelection had way more to do with Perot than it did Clinton or revenues.
 
I also remember Patrick Buchanon challenging the sitting (R) President. Weakening Bush giving Perot an opening.

I also remember the Ditto-heads that opposed Bush during the primaries and my guess, kind of like Cinton-Sanders quite a few never came home.

The dividing issue was the after effects of Reaganomics
.......

Like I said, Bush 41 see's and experienced Reaganomics for what it was. Snake oil -- voodoo
 
https://www.cnbc.com/2017/10/05/us-stocks-sp-record-high.html

Stocks notch new highs as markets open Stocks notch new highs as markets open
1 Hour Ago | 03:51
U.S. stocks hit record highs on Thursday as the S&P 500 tried to complete its longest winning streak in four years.

The broad index gained 0.2 percent, notching an intraday record. It was also on track to post an eight-day winning streak, its longest since 2013. The S&P 500 was also poised to complete its sixth straight record close, the longest such streak since 1997. Real estate led advancers on the S&P 500.

The Nasdaq composite also hit a record, advancing 0.2 percent. The index was also on track to complete an eight-day winning streak.

The Dow Jones industrial average gained 34 points and notched an intraday all-time high. Goldman Sachs and Apple contributed the most to the gains.
 
Jaw said:
https://www.cnbc.com/2017/10/05/us-stocks-sp-record-high.html

Stocks notch new highs as markets open Stocks notch new highs as markets open

1 Hour Ago | 03:51

U.S. stocks hit record highs on Thursday as the S&P 500 tried to complete its longest winning streak in four years.

The broad index gained 0.2 percent, notching an intraday record. It was also on track to post an eight-day winning streak, its longest since 2013. The S&P 500 was also poised to complete its sixth straight record close, the longest such streak since 1997. Real estate led advancers on the S&P 500.

The Nasdaq composite also hit a record, advancing 0.2 percent. The index was also on track to complete an eight-day winning streak.

The Dow Jones industrial average gained 34 points and notched an intraday all-time high. Goldman Sachs and Apple contributed the most to the gains.
Click to expand...

As a reminder to the economically illiterate, the market is forward looking, not backward
 
https://www.bloomberg.com/news/articles/2017-10-04/fed-s-fischer-sees-lower-unemployment-lifting-wages-inflation

Federal Reserve Vice Chairman Stanley Fischer, who leaves office this month, continues to expect a tightening U.S. labor market will lift wages and prices even though the process could take longer than anticipated.

“I still believe we will have higher inflation,” Fischer said Wednesday in an interview with Tom Keene on Bloomberg Television. “The basic mechanism here is unemployment is declining all the time, wages will start going up at some stage.”

Fischer, who has announced he’ll depart the Fed on or around Oct. 13, leaves a central bank that’s wrestling with a mystery over why price pressures have remained weak despite the lowest levels of unemployment in 16 years.
 
We all expect an ex-wife who has been replaced by a younger, hotter wife, to give the best possible advice. Right?

http://mailchi.mp/cbsnews/ivana-trump-on-advising-president-to-tweet-cbs-sunday-morning-538245?e=771fe260e2

Ivana Trump, the first wife of President Donald Trump, says he offered her the ambassadorship to the Czech Republic and that she advised him to tweet, in an interview with Jim Axelrod for CBS SUNDAY MORNING to be broadcast Sunday, Oct. 8 (9:00 AM, ET) on the CBS Television Network.

Trump, who says she talks with the president weekly, tells Axelrod her ex-husband asked her advice about using Twitter to communicate to the public.

“I said, ‘I think you should tweet. It’s a new way, a new technology. And if you want to get your words across rightly, without telling the New York Times, which is going to twist every single word of yours, this is how you get your message out,’” Trump tells Axelrod.
 
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