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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump offers calm, presidential words of encouragement to companies hurt by his tariffs.
@realDonaldTrump
If the Fed would cut, we would have one of the biggest Stock Market increases in a long time. Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management...and who can really blame them for doing that? Excuses!
10:10 AM · Aug 30, 2019·Twitter for iPhone
Link to tweet
ellie
(6,929 posts)Iliyah
(25,111 posts)struggle4progress
(118,378 posts)pamela
(3,469 posts)Welcome to the 2020 G-7
Don't let the bedbugs bite
democratisphere
(17,235 posts)groundloop
(11,527 posts)Someone who took businesses into bankruptcy SIX times has absolutely zero authority to comment on how to manage our economy.
FiveGoodMen
(20,018 posts)John Fante
(3,479 posts)Croney
(4,671 posts)Sounds about right.
Dave Starsky
(5,914 posts)What an idiot. He walked right into that.
Vinca
(50,314 posts)smirkymonkey
(63,221 posts)Way to alienate the business community and your biggest contributors.
Jeff Tiedrich
@realDonaldTrump
#BREAKING Man Who Squandered His Entire Four Hundred Million Dollar Inheritance And Turned It Into A One Point Two Billion Dollar Loss While Bankrupting Six Casinos In The Process Is Increasingly Frustrated That Bank Won't Take His Advice.
If they cut interest rates now, in this economy, when the recession/depression starts - and it will start - we will be in very deep shit. Can we please get rid of him NOW?
jmowreader
(50,566 posts)I take it Macroeconomics was an elective when you went to oWharton.
You really need to wonder why Trump is so interested in stimulus. Is he like a kid who hoards Pokémon cards For no apparent reason, or is there a collapse coming he hasnt told us about?
gratuitous
(82,849 posts)Last year's tax cuts worked for a little while to goose parts of the economy, but he can't go back to the well on that one. Now the economic bad news, which was trickling out, is coming a little more readily. There was a recent report that wages haven't increased nearly as much as was "expected" when the tax cut went into effect and considering how low the unemployment rate supposedly is. That is, whatever benefit most American taxpayers might have gotten from the tax cut disappeared in higher consumer product prices (thanks to Trump's "easy to win" trade wars with everyone else on the planet) and no sustained increase in income.
Trump needs to catch the dragon again, but as any junkie will tell you, that never happens.
underpants
(182,942 posts)Imagine signing up to learn from this asshat
Wellstone ruled
(34,661 posts)a Bloomberg posting about a Stock Trading House calling out Trump for Market Manipulation via Tweet. Proven this AM that within a few seconds of that Tweet,the market Algo's took the market down.
Baitball Blogger
(46,765 posts)You know what bad management looks like? Your immigration plan, that's what. Not just lacking in any constitutional foundation, but so poorly executed that it will provide Trump with a special chapter as the cruelest president.
uponit7771
(90,367 posts)OAITW r.2.0
(24,656 posts)Like, maybe his loans are creating too much debt and he needs the rate cut to save millions on his Russian debt?
Miles Archer
(18,837 posts)Basically millions in tax breaks on his properties. This is a personal vendetta to fatten his wallet, and nothing more than that.
0rganism
(23,974 posts)> If the Fed would cut, we would have one of the biggest Stock Market increases in a long time
hypothetical speculation. at least it's a potentially verifiable claim.
> Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management
combined speculation containing opinions and judgments, devoid of specific facts or examples
> and who can really blame them for doing that? Excuses!
hooooly shit, this is like a celebration of irresponsibility. who can blame them? i certainly can, if they're incompetent and foisting their failures onto someone or something other than the actual causes. it's like he celebrates not holding such people to account, since he is one himself and he would do exactly the same thing if his business was impacted by tariffs. he is the ultimate paragon of complete irresponsibility failing upwards by pushing down on everyone around him. a particularly nasty strain of useless + dangerous, even when not armed with weapons of mass destruction.
yardwork
(61,713 posts)So, he has to give them (him) an out. Who can blame them (him)?! He's not at fault. You're at fault!!! - Trump logic
0rganism
(23,974 posts)"i understand what they're doing, even though it's wrong, i would do it myself"
"their problems are all the Fed's fault for not cutting rates"
asinine, irresponsible blame shifting -- one of Trump's primary talents
politicaljunkie41910
(3,335 posts)For those of us who weren't born with a silver spoon in our mouths and have been responsible about saving for our retirements, we're sick and tired of you regularly opening your stupid trap and saying stupid shit that causes the market to tank.
If you would keep your trap shut, and stop talking about things you don't know anything about, which is just about everything these days, and let the Fed Chairman do his job; than the Markets would be fine. Unlike you, the Fed Chairman knows what he is doing. He's not just sitting there day after day, trying to see how disruptive and destructive he can be as he flip flops back and forth between one delusional opinion to another.
lame54
(35,328 posts)But he gets it
hedda_foil
(16,375 posts)It's always looked like he conflated the two, but this confirms that he believes the stock market is the sole measure of the economy.
Most people don't have stocks & bonds. They don't have any spare money to invest.
Martin Eden
(12,878 posts)Is anything happening on his watch with the potential to hurt him has to be blamed on somebody else.
The inverse of that is taking credit for everything positive during his administration.
The stock market continued to rise when the economic recovery kicked in a couple years into Obama's first term, and continued to rise after Trump took office. He hadn't passed any economic legislation yet, but that of course didn't stop him from taking full credit for the continued rise.
The stock market is measured by a number, which is an easy metric to latch onto as proof that Donald J. Trump is making the American economy great again.
He doesn't subscribe to an economic philisophy, and his only real thought is that of a reality TV show con man.
It is a mistake to ascribe any legitimate belief system to this sorry excuse of a human being.
Everything with him is base, selfish, and whatever narrative serves his perceived interests in the moment.
democratisphere
(17,235 posts)Ilsa
(61,700 posts)He really lives to shoe (haha) everyone what an asshole he is.
Cracklin Charlie
(12,904 posts)Isnt that what this stupid tweet is?
Resign!