Trump touts falling oil prices: 'Way to go president T'

[steve2470]

Source: The Hill

President Trump thanked himself for falling oil prices in a tweet Sunday.

Trump likened the recent drop in oil prices to "a big Tax Cut."

"So great that oil prices are falling (thank you President T)," the president wrote. "Add that, which is like a big Tax Cut, to our other good Economic news. Inflation down (are you listening Fed)!"

Link to tweet

Read more: https://thehill.com/homenews/administration/418113-trump-touts-falling-oil-prices-way-to-go-president-t

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hey idiot...look at this

Link to tweet

[Turbineguy]

1. The losses in the stockmarket.

They're like a tax cut too!

[NCjack]

5. The Orange Menace killed the Obama stockmarket. nt

[LakeSuperiorView]

2. US GDP falling with oil prices...

Going to take credit for that too, tRump?

[kimbutgar]

3. Where I live I have been paying more for gas

I guess the maggot just pulled that statement out of his ass and it became one of his made up “feels fact”.

[Xipe Totec]

4. I'm sure Texas, Louisiana, and Oklahoma are thrilled nt

[dalton99a]

6. Yeah. Thank you, President T

[flying rabbit]

35. LOL!

[UpInArms]

7. I guess he broke Bitcoin, also?

Was 19000 in January... now at 3750



https://bitcointicker.co/stamp/btc/usd/AllTime/

[Lucky Luciano]

10. nice! I am rooting for cryptos to go to zero!

I have been watching with glee as of late.

[UpInArms]

22. Virtual currency makes no sense

It doesn’t exist irl ... is easily hacked and difficult to use ...

[metalbot]

25. Keep in mind that most USD doesn't exist IRL either

There's less than $2 trillion of actually USD currency floating around, and maybe about $12 trillion in USD that exists on ledgers that are no more or less real than a bitcoin ledger. Most of our currency is "virtual" today, and our use of cash is declining. Denmark is currently looking at eliminating cash and going to 100% virtual currency, though that idea is getting some popular pushback.

I'd make a pretty clear distinction between _virtual_ currency (which we use today) and _crypto_ currency (of which Bitcoin is one example).

Bitcoin is difficult to use, and I think that's one of the main points against it, but I'd argue that it's much less easily hacked than your average bank account (though when your bank account is hacked, your bank can "restore" your money, whereas if your bitcoin wallet is emptied, it's much the same as having your physical wallet emptied - there's no authority who will give it back).

[Lucky Luciano]

29. Some schmuck arbitrarily creating currency is not as credible as a real government.

I always say that Amazon could issue Amazon coin and it would actually be backed by stuff you can buy on Amazon! How exciting - a coin with real value since Amazon has good credit!!!

Of course, Amazon does this already. They are called gift cards.

[George II]

8. The idiot doesn't realize that we export more than we import, OUR prices will drop too.

[Bengus81]

9. 42.00 per barrel in June 2017 then it rises to 76.00 in 16 months........

Trump wasn't bragging that one up was he? Nah..THEN he was bragging up the stock market which has TANKED since the third week of Jan this year.

[TexasBushwhacker]

23. That kind of volatility is BAD for the O & G industry

which still employs 150K and hundreds of thousands more in related businesses. We would be better off, as a country and a planet, if the price of oil stabilized at higher price.

The price per barrel was $45 in November 2016. It shot up to $53 by his inaugruation. Did he take credit for that too? Does Obama get to take credit when it was $26 in Feb of 2016? Besides, what about his buddy Putin? Falling oil prices are really bad for Russia.

[Va Lefty]

11. ( F U president t!)

[NCjack]

12. Thank you Jamal Khashoggi for being subjected to torture and butchery,

thereby becoming the basis for the MAGA Dealer to ratchet the Saudis on the price of oil.

[truthisfreedom]

13. All gains lost. You killed the Obama stock market, idioT.

[DinahMoeHum]

14. Seasonal tendencies play a huge role here.

In general, crude oil and gasoline RBOB (Reformulated Blendstock for Oxygen Blending) aka Unleaded Gas tend to rise during the spring, reach their peak during the summer, then decline in the fall/winter months.

[Historic NY]

15. Just to clarify when it goes up in a couple of months and it will, Trump will be responsible too.

[packman]

16. My gawd, he's talking to himself and disassociating himself from himself

[George II]

17. Message from Mr. T to president T:

[underpants]

30. Thank you. That was the first reference that hit me

[Chemisse]

18. So he has to thank himself AND make up an affectionate nickname for himself.

Clearly, if he doesn't do it, no one else will.

[raccoon]

20. Pathetic. Nt

[TheCowsCameHome]

19. Oil is not dropping as fast as the stock market, though.

What a complete jerk.

[Lucky Luciano]

27. Oh yes it is. 75 to 54 is huge.

[joanbarnes]

21. As I like to say: "T is for Treason!"

[47of74]

24. He's a fucking idiot

And I ten thousand percent hate that son of a bitch.

[red dog 1]

26. "Inflation down"? - "Are you listening FED"?

Shut the fuck up, Donnie!

[flotsam]

28. I'd gladly pay more for gasoline

to get the country I grew up in back-you know the one with principles and an ethics code that though we strayed from it was not without cost or a drive to regain the high ground. And I'm not talkin' about some imagined 50's dreamworld that never was-just what we had until the day you were inaugerated President Pee.

[keithbvadu2]

31. Prez T...... O-K- ... If that's what you want...

Prez T...... O-K- ... If that's what you want...

?version=0

[BHDem53]

32. T as in twit.

[no_hypocrisy]

33. Reminds me when Rudy Giuliani tried to stop New York Magazine's ad on buses.

Ad said, "New York Magazine: Possibly the only good thing in New York Rudy hasn't taken credit for."

http://articles.latimes.com/1997/dec/04/news/mn-60503

[YOHABLO]

34. They had gone down around here to $2.16 a gal. There now climbing back up.