tinfoilhat Posted July 12, 2018 Share Posted July 12, 2018 How about Oprah Winfrey for the Democrats in 2020, she’s very bright, appears to be in good health, runs a successful business, will be age 66, she’s worth a few billion, and doesn’t carry tricky baggage? I reckon that four years of Trump will be enough for the electorate, but then again I’m far more concerned about who will be running this country. If I can make my paddy power app work for me, I'll bet now that he will get in a second time. I don't like the man, but he will get in a second time. Link to comment Share on other sites More sharing options...
Magilla Posted July 12, 2018 Share Posted July 12, 2018 How Debt Could Blow Up the Trump Economy http://fortune.com/2018/03/15/us-national-debt-trump-tax-cuts/ The U.S. government’s huge and growing budget deficits have become gargantuan enough to threaten the great American growth machine. And Trump’s policies to date—a combination of deep tax cuts and sharp spending increases—are shortening the fuse on that fiscal time bomb, by dramatically widening the already unsustainable gap between revenues and outlays. On our current course, we’re headed for a morass of punitive taxes, puny growth, and stagnant incomes for workers—a future that’s the precise opposite of what Trump champions. By 2028, America’s government debt burden could explode from this year’s $15.5 trillion to a staggering $33 trillion—more than 20% bigger than it would have been had Trump’s agenda not passed. At that point, interest payments would absorb more than $1 in $5 of federal revenue, crippling the government’s capacity to bolster the economy, and constraining the private sector too. Contrary to the claims of the President and his supporters, the U.S. can’t grow fast enough to shed this burden; indeed, Trump’s agenda on immigration and trade looks likely to stunt that growth. Those tax cuts aren't looking quite so rosey now, escpecially with the looming trade war Link to comment Share on other sites More sharing options...
samonosuke Posted July 12, 2018 Share Posted July 12, 2018 How Debt Could Blow Up the Trump Economy http://fortune.com/2018/03/15/us-national-debt-trump-tax-cuts/ Those tax cuts aren't looking quite so rosey now, escpecially with the looming trade war The national debt has been increasing under both Republican and Democratic presidents so you can't exactly blame this on Trump, although i'm sure you'll try. https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296 Link to comment Share on other sites More sharing options...
stifflersmom Posted July 12, 2018 Share Posted July 12, 2018 The national debt has been increasing under both Republican and Democratic presidents so you can't exactly blame this on Trump, although i'm sure you'll try. https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296 No one is saying that the debt is down to Trump; the key point is the rate of change of debt and the aligned tax cuts with no offset in spending reductions. Effectively Trump is taking out a payday loan on the US economy, rather than reduce any deficit (note - deficit, not overall debt). Link to comment Share on other sites More sharing options...
Magilla Posted July 12, 2018 Share Posted July 12, 2018 (edited) The national debt has been increasing under both Republican and Democratic presidents so you can't exactly blame this on Trump, although i'm sure you'll try. https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296 The difference being that the others had stuff like depressions and republican wars to deal with. Trump pledged to eliminate national debt. He was handed an economy in good shape with low unemployment but has added more than ever to the point that the country will soon not be able to service it! Trumps tax breaks are a disaster waiting to happen. Then we get to the trade war, even his own party are starting to panic now: http://thehill.com/policy/finance/396575-trump-tariffs-prompt-rising-fear-anger-from-gop-business Edited July 12, 2018 by Magilla Link to comment Share on other sites More sharing options...
samonosuke Posted July 12, 2018 Share Posted July 12, 2018 The difference being that the others had stuff like depressions and republican wars to deal with. Trump pledged to eliminate national debt. He was handed an economy in good shape with low unemployment but has added more than ever to the point that the country will soon not be able to service it! Trumps tax breaks are a disaster waiting to happen. Then we get to the trade war, even his own party are starting to panic now: http://thehill.com/policy/finance/396575-trump-tariffs-prompt-rising-fear-anger-from-gop-business I think that you'll find unemployment is at an all time low in the US under Trump, it's funny how all Trumps successes get attributed to Obama. https://www.google.co.uk/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&hl=en&dl=en Link to comment Share on other sites More sharing options...
SnailyBoy Posted July 12, 2018 Share Posted July 12, 2018 I think that you'll find unemployment is at an all time low in the US under Trump, it's funny how all Trumps successes get attributed to Obama. https://www.google.co.uk/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&hl=en&dl=en All time low, that's a little misleading. Using the link you provided, look at the trend for the rate of unemployment under the Obama presidency. Going up at the beginning as he took over from Bush, then a downward trend throughout. Trump takes over on the downward trend, let's see where he is in the next couple of years. Link to comment Share on other sites More sharing options...
stifflersmom Posted July 12, 2018 Share Posted July 12, 2018 I think that you'll find unemployment is at an all time low in the US under Trump, it's funny how all Trumps successes get attributed to Obama. https://www.google.co.uk/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&hl=en&dl=en But look at that graph - the Trump era is following a trend downwards from previous administrations, rather than bucking an upward trend. It can't be put down as a Trump success (and it isn't a Trump failure either). I do notice though that Trump is saying less about the growth in the Dow Jones Index now that there is significant volatility in it since his trade tarrif announcements. Link to comment Share on other sites More sharing options...
Magilla Posted July 12, 2018 Share Posted July 12, 2018 I think that you'll find unemployment is at an all time low in the US under Trump, it's funny how all Trumps successes get attributed to Obama. That's because unemployment figures are following exactly the same trend they were when Obama left office. Trump hasn't had any significant effect. https://www.google.co.uk/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&hl=en&dl=en Exactly, the line from 2010 is almost entirely straight! It's flattened slightly since Trump took office, showing he isn't creating jobs at the same rate as Obama was. Your graph proves my point re: unemployment... thanks for that. Link to comment Share on other sites More sharing options...
samonosuke Posted July 12, 2018 Share Posted July 12, 2018 That's because unemployment figures are following exactly the same trend they were when Obama left office. Trump hasn't had any significant effect. Exactly, the line from 2010 is almost entirely straight! It's flattened slightly since Trump took office, showing he isn't creating jobs at the same rate as Obama was. Your graph proves my point re: unemployment... thanks for that. Think what you will but that line continues to decline. Thank Trump for that. Link to comment Share on other sites More sharing options...
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