Trump's broken economic promises

No the question is could any Democrat possibly do worse. Trump inherited a good economy from Obama and seems determined to destroy it.

At this point the major hope is that the foolish American consumer will continue to spend and increase his debt load and thus temporarily save the economy.

 

I don't see what is so worse so which Democrat is going to do better and how? I didn't vote for Trump and wish there was a better alternative. Convince me the Democrats have one.

 

You can't possibly debate the question of do the Democrats have a better plan since clearly Trump has no plan. Or perhaps you have the super secret Trump economic plan.

And just for yucks how about explaining how if Trump wins his war with China it is going to help anyone except American corporations. Remember when the Trump tax cut was going to bring manufacturing back to America?

 

Short answer: Almost all of the Democratic candidates are more conventional and informed about how the economy works than Trump.

Longer answer: The Democrats are still sorting out who their candidate will be. I'm not aware of any of them putting forward a complete economic plan yet. The time for "is the Democrat better than Trump" will come when there is an identified Democratic candidate.

 

Excellent post as usual. I was hoping to find evidence that the manufacturing and coal industries were booming and looking for workers so I went looking for postings of help wanted ads. I did not see much online so I said to myself " Mr. Don must have had the companies post the help wanted signs the old way- paper and cardboard. " Then I said "where could that be. " A bolt of lightning cracked out of heaven and I said " of course on The Wall. The wall Mexico built and paid for. So I went to the Southeastern states and went looking for The Wall.
Ooooops no wall , no job postings, no help wanted ads.

I bumped into Jethrow a poor unemployed coal miner from West Virginia, down in New Mexico. Jethrow was looking for work , he also came looking for ads on the wall.
He was devistated. He said " shucks Mr. Party Zan there ain't no job postings, there ain't no help wanted posters, and there ain't no wall as Mr. Trump promised" .
He hung his head and said while walking away with his head down his shoulders slumped, " it sure ain't nuttin like that Mr. Trump done promised" ..... I answered back........" no, no sad to say it sure ain't".

 

"The U.S. coal industry is declining in the face of lower-cost natural gas, renewable energy and regulations designed to reduce greenhouse gas emissions and protect public health. Decades of mechanization have also reduced employment. This has spurred a wave of coal companies to declare bankruptcy, including four industry giants between 2015 and 2018."
https://climatenexus.org/climate-is...ing-the-decline-of-coal-in-the-united-states/

 

There is a coal company in W.Virginia that filed for bankruptcy recently. Workers were suddenly gold they are out of jobs and no last paycheck for good measure.The former coal company employees are blocking the coal train n hopes of the bankruptsy court forcing the doting company Ho pay the workers who are now creditors in low stnding. Thise workers will most likely never get paid.

Coal ndustry is slowly going down the mine shaft do yo speak.

 

That is disgusting and belongs over in the Russia section'

 

We will have to wait for the Democrats to develop one.

 

Just give me the basics and we know it is going to Biden or Warren or Sanders, what are they proposing to grow the economy better and bring down the deficit and pay down the debt and lower the trade deficit and all the other complants about Trump. I'd love to vote for someone besides Trump as I did last time.

 

So you are admitting they don't have plans to do any better?

 

Well if it is anything like their last time it will be exponentially worse so why should I vote for them? And if the candidates do not know what they would do they have no business running.

 

Trump did not have plans just promises and enough people in enough key EC prolific states voted the guy in.

The closest thing to a plan by Trump was that he said he will gut regulations and issue Exec Orders. The coal industry still did not respond even with gutted clean air regs.

 

Well not saying that you should voted Democratically but the economy under Obama did improve. Of course MCCain would have made a much better president no matter what this Trump said about him.

 

Investing in employees helps maximize profits as does delivering value to customers and dealing ethically with your suppliers and supporting outside communities is good PR. But if any company pledges to put all that ahead of protecting my assets invested in that company and meeting or beating industry average returns I'm outta there.

 

Remember when Trump was bringing manufacturing back to America. Fail

Remember when Trump was going to save coal mining. Fail

Remember when Trump was going to bring great healthcare to all Americans. Fail

Remember when Trump promised a 4% GDP growth rate. Fail

Remember when Trump promised to build his stupid wall. Fail

Remember when Trump promised a middle class Tax cut. Fail

Remember when Trump promised he would be too busing saving the country to play golf. Fail

 

So you are admitting they, the Democrats, don't have plans to do any better? I didn't vote for him, I didn't take all his bluster literally and don't now. I care about the policies implemented and their results. I wish I had a viable candidate with the same policies other than him. So again tell me, especially if the economy starts to slow, what the Democrats policies to help mitigate that and keep us out of a recession will be.

 

No he pretty much said what he would do and it wasn't hard to figure out and he has done that and it has worked and eliminating anti-growth regulations and EO was a good part that plan. The question is if a slowdown and a possible recession is in the future of the next administration who do want in charge. What policies the Democrats are advocating will help mitigate that slowdown and get us back into the growth and improvement as we have seen the last 4 years. I look back at the 2008 recession and see how their policies totally failed.

 

There is no evidence that it was only and specifically the regulations that Trump heased up on that caused economic growth. I remind you that Trump eased regulations on coal mining and coal use. He promised that coal jobs will return. What happened. Coal jobs are still declining. Why? Because the world wide demand for coal has dropped and is continuing to drop. There is a coal company that went into bankruptcy. The miners got kicked out of work. They did not get their last paychecks. The miners are blocking the coal train from that company as an attempt to try and get paid. So there are real people real miners who have list jobs instead of coal companies hiring more workers.

The year 2008 was the last year of the Bush administration. Obama was elected in Nov of 2008 and the recession that hit in 2008 extended until 2009. So younwant to blame Obama for the 2008 recession? Really.

I repeat there is not evidence that any specific regulation that Trump eased has cause a specific economic growth.

The economy has been getting better since 2010 and has continued at just about the same rate through Obama years and now the first couple+ Trump years.

If the easing of safety and environmental regulations by Trump was the sole cause of economic growth us.

 

With a 237 point advance today, the Dow is still less than what it was in January 2018. Trump's trade war with China began in March 2018.

“If I wanted to do nothing with China, my stock market — our stock market — would be 10,000 points higher than it is right now. But somebody had to do this. To me this is much more important than the economy,” our President said today.

Good Lord!

"Somebody had to do this." Why? We have the hottest economy the world has ever known. We have virtual full employment. The trade deficit is normal. Wealthier Americans buy more than the Chinese people. Our economy is 20% larger than China.

What is the freaking problem Trump is trying to solve? He has never answered that question. He just has said he is the "chosen one" who had deal with China.

That is typical Trumpian. Create a problem where none exists.

One person is pleased about the weakening of our economy -- Vladimir Putin, the communist dictator of Russia, Trump's mentor.

The Great Recession began during a Republican administration. Bush was President and his party controlled both the House and Senate for the first six years of his administration.

 

The Post writes, "Trump has made three key concessions in the past few weeks on matters he had earlier denied or deflected: American companies pay the tariffs on the goods they import; those costs can be passed on to consumers; and those increased costs can lead to an economic slowdown. [Finally, he tells his base the truth. Everyone else knew the truth.]

"Trump has tethered his job performance as president to the stock market and regularly criticized his predecessors when stock market performance was poor.

"For months, Trump blamed the Federal Reserve for the slowing of U.S. economic growth and for the volatility in U.S. markets."

“If [the Fed] would have not done the quantitative tightening, our market would have been up another 10,000 points,” Trump said in June.

That was all a lie. Now Trump has admitted it.

 

Poor Bluesguy. He is the only one trying and failing to defend Trump.

The rest of the Trumpets have given up because they don't care.

Trump is trashing our government and our economy. Trumpets are happy.

 

A minor addition to that statement.

With a 237 point advance today, the Dow is still less than what it was in January 2018. Trump's trade war with China began in March 2018.

 

The stock market Bond market, GPD, Manufacturing growth, corporate profits and other measurements are indicators of economic growth or decline.

 

How the truth rings clearly like a bell. Yet there are some dingalings that will never hear the truth.