The Dumpsterfire Economy

[Dondilion]

Originally Posted by whell

I suspect he'd be OK with that since the Dow was up over 500 Pts today, and is still way up from where it was a year ago.

On the other hand, I recall some folks around here blaming Bush for the sad state of the economy for years after Barry took office.

Trump needs to be consistent. If Obama unemployment number was phony then do not celebrate the unemployment report which uses the same methodology.

And what with this more money for military in the time of tax cut?
BTW the Military just report that it cannot account for 800 million dollars.

Trump is not serious. He is just kicking the can down the road. Nobody is dealing with the mounting debts, deficits and the printing of phony money.
It was laughable yesterday to hear the chorus of pundits saying "fundamentals are sound".

One thing is certain the people overseas are wising up to the fact that we are naked and are going to be very wary to buy our increasing debts.

[Chicks]

Originally Posted by whell

Wait. A month ago, you folks were bragging that the good economic numbers were fully attributable to Obama. Now you're saying that yesterday's decline is all Trump's fault?

So, I guess today's move upward from yesterday's close is back to being Obama's?

Guess you forgot about that little tax “reform” bill that was passed last month, then... You’re such a moron.

[whell]

Originally Posted by Chicks

Guess you forgot about that little tax “reform” bill that was passed last month, then... You’re such a moron.

Nah, I didn't forget. My paycheck will start getting bigger this month.

[Chicks]

Originally Posted by whell

Nah, I didn't forget. My paycheck will start getting bigger this month.

Don’t spend the $1.50 all in one place.

[Rajoo]

Originally Posted by whell

Wait. A month ago, you folks were bragging that the good economic numbers were fully attributable to Obama. Now you're saying that yesterday's decline is all Trump's fault?

So, I guess today's move upward from yesterday's close is back to being Obama's?

What the good lord giveth, goes up in smoke the next day.
Or is it that Obama downticks is pulling down the Trump upticks?
Actually it's the budget sealing the fate of the Tax Gifts. Gloom and Doom.

Dow sheds more than 600 points on specter of higher interest rates

https://www.washingtonpost.com/busin...=.f01532bca1ad

[Rajoo]

Anyone think Trump will brag about the sharpest one week decline of the stock market under any President. Nah, le't blame Obama on this one too, in Trump We Dread.

[nailer]

It's not close to the sharpest one week percentage decline. Maybe he can do something with that.

[Rajoo]

Perhaps he will.

White House spokesman: Trump has not focused on the stock market

He is too busy with F&F and tweeting in the mornings, golfing in the afternoons and watching Apprentice reruns in the evenings. What a fraud of a POTUS.

“Obviously the president did tout the stock market, but I would hardly say he focused on it,” White House deputy press secretary Hogan Gidley said during a Fox Business network appearance.

Notice the statement is to Fux News.

http://thehill.com/homenews/administ...e-stock-market

[nailer]

Should they have made the statement to CNN or MSNBC?

[Rajoo]

Neither, I am a print journalism supporter. Started working in the printing industry part time while in undergraduate school so am partial.

Now for some great news,

General Motors made $12.8 billion in pretax profits in 2017 while reporting a net income loss for the year. The company's UAW-represented workers will get profit-sharing checks of $11,750 on Feb. 23.

This is probably because of a profit agreement UAW made with GM for the wage concessions they made. Either way good for the workers.

Now the Dotard will claim all of the credit. Yes part of the profits are from the tac cuts but the main reason for UAW to be in this position is because of Obama's bailout of GM from which the US government made a tidy profit. But I am sure these details will be forgotten.

This is from whell's home town paper, hope i beat him to it.

https://www.freep.com/story/money/ca...8-b/309855002/