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Tags donald trump , Trump administration , Trump controversies

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Old 19th July 2019, 06:48 AM   #1841
BobTheCoward
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Originally Posted by The Don View Post
That's true. In the UK our interest rates are still low because we're attempting to recover economically from the effects of the 2008 crash, 9 years of government austerity and the economic effects of the Brexit referendum.

OTOH the US economy has been growing strongly for the best part of a decade - that would tend towards higher, rather than lower interest rates to keep inflationary pressures in check.
Australia has not had a recession in 3 decades. They are at 1%.
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Old 19th July 2019, 06:54 AM   #1842
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Originally Posted by BobTheCoward View Post
Australia has not had a recession in 3 decades. They are at 1%.
Australia's interest rates were considerably higher until relatively recently. The Australian economy had been roaring along, a significant part of this success was the sale of raw materials to China.

Recently the Australian economy has been facing some pressures and growth is at low rates. The Australian government has taken steps to address this:

Quote:
The Australian economy grew by just 0.4% in the March quarter, contributing to a seasonally adjusted growth rate of 1.8%. The result contrasts with real GDP growth of 2.25% forecast in the budget, meaning the economy would have to grow by 1.3% in the last quarter of 2018-19 to meet the forecast.

The Australian Bureau of Statistics figures, released on Wednesday, also show that GDP per person fell for the third consecutive quarter, by 0.03%, extending the “per-capita recession” declared after last quarter.
https://www.theguardian.com/business...r-swift-action
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Old 19th July 2019, 07:02 AM   #1843
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There is no linear connection between your country's interest rates and that of other countries. Indeed, there can be cases where economists would prefer them to be reverse-correlated.
So even if Trump is right on the fact, this doesn't mean in the least that the current Fed policy isn't the best for the US.
The discussion hinges almost entirely on domestic factors (such as a bizarre tax policy), not what other central banks are doing.
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Old 19th July 2019, 07:10 AM   #1844
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I thought one problem with excessively low interest rates is that there's nothing to cut them to should the need arise.

Personally, as a saver rather than a borrower I don't see why everything should be run to cater to people and businesses and banks borrowing all the time. Why can't they use their own money? I remember when a humble savings account earned 3% interest, and there wasn't a depression on with banks failing and businesses going under from the strain of interest rates.
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Old 19th July 2019, 07:14 AM   #1845
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Originally Posted by TragicMonkey View Post
I thought one problem with excessively low interest rates is that there's nothing to cut them to should the need arise.

Personally, as a saver rather than a borrower I don't see why everything should be run to cater to people and businesses and banks borrowing all the time. Why can't they use their own money? I remember when a humble savings account earned 3% interest, and there wasn't a depression on with banks failing and businesses going under from the strain of interest rates.
The thing is that interest rates have been well below long-term trend since the 2008 crash and as a result, business has become habituated to those low interest rates.

Of course President Trump has a business which relies on cheap debt to make ends meet. Ideally he wouldn't be calling for policy solely to line his own pockets - but that's not really his style at all....
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Old 19th July 2019, 07:22 AM   #1846
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Originally Posted by The Don View Post
Australia's interest rates were considerably higher until relatively recently. The Australian economy had been roaring along, a significant part of this success was the sale of raw materials to China.

Recently the Australian economy has been facing some pressures and growth is at low rates. The Australian government has taken steps to address this:



https://www.theguardian.com/business...r-swift-action
What is your point with this reply exactly? That governments set rates based on national macroeconomic concerns? Obviously.
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Old 19th July 2019, 07:28 AM   #1847
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Originally Posted by BobTheCoward View Post
What is your point with this reply exactly? That governments set rates based on national macroeconomic concerns? Obviously.
You seemed to be saying "Australia has low interest rates and hasn't had a recession in ages - so it's fine to cut interest rates when an economy is growing nicely". My apologies if I read too much into your comment but I was pointing out the Australia had recently cut interest rates as part of a package of measures to stave off a recession.

President Trump is calling for a cut in interest rates at a time when there appears to be no good national macroeconomic reason for it. Instead it seems to be based on his own desire for cheap money to further his own business interests.

Edited to add....

Don't worry, I'll try not to make the mistake of replying to one of your posts again
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Old 19th July 2019, 07:52 AM   #1848
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So...

Trump did a whole "go back where they came from" rant about 4 non-white Congresswomen, told lies about one of them in order to stir up a live crowd who chanted "send her back" at him, and when asked about this situation Kellyanne Conway's response was to ask the reporter asking the question what their ethnicity was.

Is it fair to say that even the people most prepared to give the benefit of the doubt must now admit that we've gone from "dogwhistles" to "unabashed racism"?
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Old 19th July 2019, 07:53 AM   #1849
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Oh, and this is quite fun:

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Old 19th July 2019, 07:54 AM   #1850
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Originally Posted by Squeegee Beckenheim View Post
Is it fair to say that even the people most prepared to give the benefit of the doubt must now admit that we've gone from "dogwhistles" to "unabashed racism"?
we can discuss this after every Democrat and journalist has apologized for being mean to Trump.
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Old 19th July 2019, 08:07 AM   #1851
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Trump Tweets

I like New York Fed President John Williams first statement much better than his second. His first statement is 100% correct in that the Fed “raised” far too fast & too early. Also must stop with the crazy quantitative tightening. We are in a World competition, & winning big,...

....but it is no thanks to the Federal Reserve. Had they not acted so fast and “so much,” we would be doing even better than we are doing right now. This is our chance to build unparalleled wealth and success for the U.S., GROWTH, which would greatly reduce % debt. Don’t blow it!

There is almost no inflation!
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Old 19th July 2019, 08:25 AM   #1852
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I highly doubt that Trump knows the word "quantitative".
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Old 19th July 2019, 08:25 AM   #1853
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President Trump is just trying to protect us from a poisonous, murderous ideology (socialism), and dirt-world citizens from importing a failed, low-IQ mentality incubated in crime-infested, ****-hole countries. The antidote for the existential threats of communism and horde-immigration is fascism. Real Americans will pick up a sign and start chanting.
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Old 19th July 2019, 08:28 AM   #1854
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Originally Posted by Squeegee Beckenheim View Post
I highly doubt that Trump knows the word "quantitative".
Ridiculous. Keep underestimating him. He doesn't just know words -- the best words -- he invents phrases, like "priming the pump."
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Old 19th July 2019, 08:32 AM   #1855
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Originally Posted by TragicMonkey View Post
I thought one problem with excessively low interest rates is that there's nothing to cut them to should the need arise.
Yes, that is a problem.

It means that if/when the next recession happens, it will be much harder for the government to deal with it. (The same goes with the deficit.... The republican tax cuts and deficits mean that the governments will have less flexibility to stimulate the economy.)

Trump has really left a ticking time-bomb for his successor.

Quote:
Personally, as a saver rather than a borrower I don't see why everything should be run to cater to people and businesses and banks borrowing all the time. Why can't they use their own money?
Because if they tried that, businesses and people wouldn't have enough money to make big purchases (like houses) and the economy would collapse.
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Old 19th July 2019, 08:32 AM   #1856
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Originally Posted by Cain View Post
President Trump is just trying to protect us from a poisonous, murderous ideology (socialism), and dirt-world citizens from importing a failed, low-IQ mentality incubated in crime-infested, ****-hole countries. The antidote for the existential threats of communism and horde-immigration is fascism. Real Americans will pick up a sign and start chanting.
But only nice, Evangelical, apple-pie, salt-of-the-earth, morally sound, pro-life fascism.
You know, the good kind.
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Old 19th July 2019, 08:35 AM   #1857
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Originally Posted by Segnosaur View Post
Because if they tried that, businesses and people wouldn't have enough money to make big purchases (like houses) and the economy would collapse.
Perhaps people shouldn't buy what they can't afford? Perhaps being able to borrow so easily is what makes the prices of big purchases so high?
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Old 19th July 2019, 09:06 AM   #1858
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Originally Posted by Cain View Post
Ridiculous. Keep underestimating him. He doesn't just know words -- the best words -- he invents phrases, like "priming the pump."
Now there's a visual I didn't need.
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Old 19th July 2019, 09:06 AM   #1859
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Originally Posted by Squeegee Beckenheim View Post
Oh, and this is quite fun:

https://i.imgur.com/vjH2w7s.jpg
That's the most awesome thing I've see all week!
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Old 19th July 2019, 09:07 AM   #1860
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Originally Posted by Segnosaur View Post
Trump has really left a ticking time-bomb for his successor.
There was a report that this was explained carefully to him. His response was that he didn't care because he wouldn't be in charge then.
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Old 19th July 2019, 09:41 AM   #1861
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Originally Posted by Squeegee Beckenheim View Post
Oh, and this is quite fun:

https://i.imgur.com/vjH2w7s.jpg
S. M. H.
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Old 19th July 2019, 10:41 AM   #1862
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Originally Posted by Squeegee Beckenheim View Post
So...

Trump did a whole "go back where they came from" rant about 4 non-white Congresswomen, told lies about one of them in order to stir up a live crowd who chanted "send her back" at him, and when asked about this situation Kellyanne Conway's response was to ask the reporter asking the question what their ethnicity was.

Is it fair to say that even the people most prepared to give the benefit of the doubt must now admit that we've gone from "dogwhistles" to "unabashed racism"?
Mark Steele in the Independent

https://www.independent.co.uk/voices...-a9011091.html

I particularly liked this part:

Quote:
In any case there’s lots of evidence the women are “pro al-Qaeda”, because al-Qaeda insist women should be just like them, leading a nation’s political debate, declaring themselves feminist activists and being highly critical of men who assume they can dominate women. It’s as if they’ve copied the al-Qaeda Handbook for Militant Islamic Jihad and live their lives by it.
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Old 19th July 2019, 11:32 AM   #1863
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Originally Posted by jimbob View Post
Mark Steele in the Independent

https://www.independent.co.uk/voices...-a9011091.html

I particularly liked this part:
Quote:
But it doesn’t matter if everything Trump says is made up. The most important thing is that “send them back” is a perfect slogan, three short words, a fine replacement for “lock her up”
Same cadence, same key. That was the most chilling part to me.
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Old 19th July 2019, 11:34 AM   #1864
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Originally Posted by Delphic Oracle View Post
Same cadence, same key. That was the most chilling part to me.
Simpletons can only learn so many variations.
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Old 19th July 2019, 11:36 AM   #1865
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Originally Posted by Squeegee Beckenheim View Post
Oh, and this is quite fun:
Now that is legendary!
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Old 19th July 2019, 11:45 AM   #1866
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https://www.msnbc.com/hardball/watch...ly-64049733829

"Those people in North Carolina, that stadium was packed. It was a record crowd and I could have filled it ten times, as you know. Those are incredible people, those are incredible patriots."

Take anti-anxiety meds before watching this video.
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Old 19th July 2019, 11:54 AM   #1867
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Don't worry, Trump's not a racist. He's helping a black.

https://www.thedailybeast.com/asap-r...rest-in-sweden
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Old 19th July 2019, 01:19 PM   #1868
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Originally Posted by The Great Zaganza View Post
But only nice, Evangelical, apple-pie, salt-of-the-earth, morally sound, pro-life fascism.
You know, the good kind.
Don't forget gun-toting.
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Old 19th July 2019, 01:20 PM   #1869
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Originally Posted by Squeegee Beckenheim View Post
Oh, and this is quite fun:

https://i.imgur.com/vjH2w7s.jpg
I love Fox New's defense of that. "Well it's different because the President didn't say it on television."
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Old 19th July 2019, 01:23 PM   #1870
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Originally Posted by Delphic Oracle View Post
https://www.msnbc.com/hardball/watch...ly-64049733829

"Those people in North Carolina, that stadium was packed. It was a record crowd and I could have filled it ten times, as you know. Those are incredible people, those are incredible patriots."

Take anti-anxiety meds before watching this video.
“Filled ten times over.” Can the guy go 10 minutes without saying how awesome he is?
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Old 19th July 2019, 01:28 PM   #1871
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Originally Posted by Captain_Swoop View Post
Trump Tweets

Because of the faulty thought process we have going for us at the Federal Reserve, we pay much higher interest rates than countries that are no match for us economically. In other words, our interest costs are much higher than other countries, when they should be lower. Correct!
Who makes a statement and then says “Correct!” at the end?

The man is not normal.
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Old 19th July 2019, 01:28 PM   #1872
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Originally Posted by Squeegee Beckenheim View Post
Oh, and this is quite fun:

https://i.imgur.com/vjH2w7s.jpg

Not accurate though. That last sentence makes no sense and it's not what he was quoted as saying. Trump says a whole lot of really dumb stuff and I see no reason to misrepresent it.

https://www.cnn.com/2018/01/11/polit...ump/index.html

Quote:
One of the sources briefed on the Thursday Oval Office meeting with lawmakers confirmed Trump asked, "Why do we want all these people from '****hole countries' coming here?"
On another note, too many liberals/Dems are clueless...unless the goal is to lose another election.

It's not hate for the "brown people", or racism or evangelicals that got Trump elected, it is liberal progressives shoving their ideals down peoples throats for the past few decades. People have had enough of this crap.

Actually y'all could have won had you not run Hillary. But now? Your hate is out in full force. The crying, the accusations and fingerpointing, it's not going to work. You are doing it wrong. This forum is the same way.

People are so fixated on hating Trump and the right (and white people pretty much now) that they don't see it. You tar everyone with the same broad brush. You are going to lose another election with this attitude.

Most people I know that are in the middle or right-leaning feel the same way. They are sick of "liberals". That's it.

I don't want another 4 years of Trump but I don't want what I see on the other side of the aisle either. Not at all.
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Old 19th July 2019, 01:28 PM   #1873
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Originally Posted by TheSupermeerkat View Post
Don't worry, Trump's not a racist. He's helping a black.

https://www.thedailybeast.com/asap-r...rest-in-sweden
What is so hard for these people to understand? The Swedish government can't release him no matter if they complain about it to the US president. Whether he's detained or not is a decision made by the court based on a request from a public prosecutor and the government cannot legally interfere with this.
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Old 19th July 2019, 01:31 PM   #1874
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Originally Posted by mgidm86 View Post

Not accurate though. That last sentence makes no sense and it's not what he was quoted as saying. Trump says a whole lot of really dumb stuff and I see no reason to misrepresent it.

https://www.cnn.com/2018/01/11/polit...ump/index.html



On another note, too many liberals/Dems are clueless...unless the goal is to lose another election.

It's not hate for the "brown people", or racism or evangelicals that got Trump elected, it is liberal progressives shoving their ideals down peoples throats for the past few decades. People have had enough of this crap.

Actually y'all could have won had you not run Hillary. But now? Your hate is out in full force. The crying, the accusations and fingerpointing, it's not going to work. You are doing it wrong. This forum is the same way.

People are so fixated on hating Trump and the right (and white people pretty much now) that they don't see it. You tar everyone with the same broad brush. You are going to lose another election with this attitude.

Most people I know that are in the middle or right-leaning feel the same way. They are sick of "liberals". That's it.

I don't want another 4 years of Trump but I don't want what I see on the other side of the aisle either. Not at all.
You are funny.
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Old 19th July 2019, 01:47 PM   #1875
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Originally Posted by mgidm86 View Post

Not accurate though. That last sentence makes no sense and it's not what he was quoted as saying. Trump says a whole lot of really dumb stuff and I see no reason to misrepresent it.

https://www.cnn.com/2018/01/11/polit...ump/index.html



On another note, too many liberals/Dems are clueless...unless the goal is to lose another election.

It's not hate for the "brown people", or racism or evangelicals that got Trump elected, it is liberal progressives shoving their ideals down peoples throats for the past few decades. People have had enough of this crap.

Actually y'all could have won had you not run Hillary. But now? Your hate is out in full force. The crying, the accusations and fingerpointing, it's not going to work. You are doing it wrong. This forum is the same way.

People are so fixated on hating Trump and the right (and white people pretty much now) that they don't see it. You tar everyone with the same broad brush. You are going to lose another election with this attitude.

Most people I know that are in the middle or right-leaning feel the same way. They are sick of "liberals". That's it.

I don't want another 4 years of Trump but I don't want what I see on the other side of the aisle either. Not at all.
Yurp, all those elites saying the earth aint 10,000 years old, teachin evilution in schools, treating teh gheys like they was normal humans, having to put up with eight years of a black man as president and he was born in Kenya!
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Old 19th July 2019, 01:49 PM   #1876
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Originally Posted by Ladewig View Post
Who makes a statement and then says “Correct!” at the end?

The man is not normal.
A pathological liar.
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Old 19th July 2019, 02:22 PM   #1877
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Originally Posted by Delphic Oracle View Post
"Those people in North Carolina, that stadium was packed. It was a record crowd and I could have filled it ten times, as you know. Those are incredible people, those are incredible patriots."
I missed the first part of the show in the Oval Office. It looks like they were gathered to honor Astronauts Mike Collins and Buzz Aldrin, but all I saw was them standing there awkwardly while The PDJT ranted.

Originally Posted by Ladewig View Post
Who makes a statement and then says “Correct!” at the end?

The man is not normal.
Why, Your Favorite President does, of course.
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Old 19th July 2019, 02:26 PM   #1878
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Originally Posted by Ladewig View Post
Who makes a statement and then says “Correct!” at the end?

The man is not normal.
It's his version of a snappy, single-word quip. I read it as a verb, not a noun/adjective. As in, "Correct this policy I don't like!"
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Old 19th July 2019, 02:29 PM   #1879
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The narcissist in chief giving scant attention to Nadia Murad, who is a refugee after escaping IS atrocities and now a human rights activist.
YouTube Video This video is not hosted by the ISF. The ISF can not be held responsible for the suitability or legality of this material. By clicking the link below you agree to view content from an external website.
I AGREE


So much lack of empathy so much revolving around the universe that centres around this pig.

“And you had the Nobel Prize? They gave it to you for what reason? Maybe you can explain,”

Nadia: 'They killed my mom and my six brothers'

Trump: 'Where are they now?'

Nadia: 'They killed them. They are in the mass grave in Sinjar.‘
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Old 19th July 2019, 02:37 PM   #1880
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Originally Posted by Delphic Oracle View Post
https://www.msnbc.com/hardball/watch...ly-64049733829

"Those people in North Carolina, that stadium was packed. It was a record crowd and I could have filled it ten times, as you know. Those are incredible people, those are incredible patriots."

Take anti-anxiety meds before watching this video.
Yes, we know! You've told us at least ten times already, Donnie. We get it; you're the greatest draw in history. Who are you trying to convince? Us or yourself? Prat.
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