Quote: @A1Janitor said:
@ KingBash said:
@ SFVikeFan said:
@ A1Janitor said:
For the eight years of Obama we heard the bad economy was Bush’s fault.
Now the Trump tax cuts and regulation cuts lead to great economic numbers ... and its because of Obama.
k.
Just like the 80s successes were the long term plan of Carter.
I gave you too much credit, no you evidently don't understand how the economy works.
Trump Tax Cuts and Jobs Act was signed December 22, 2017, went into effect January 1, 2018.
Thanks for proving my point, Trump made no changes to Obama's economic policies for 2017. Now I understand Kingbash's frustration, it's like arguing with a child who doesn't understand the adult world.
You should really quit while you think you're ahead.
You can't talk to these people. If you point out how fucking retarded some of them are, it's "name calling" and you're being hostile.
EDIT: I remembered this from awhile back: the link between anti-vaxxers and the Trump admin. This is the caliber of people running the country. Aside from any legit intimidation (never appropriate), there's no reason to be kind to these people when you're discussing this kind of stuff. Trump supporters are anti-vaxxers, they're flat-earthers... we've birthed a completely new breed of "proudly stupid" thanks to this asshole. Why you two attack others is beyond me.
I consider KB to be the dumbest poster on all of the viking sites. SF is just delusional.
I truly couldn't care less. Eat me.
Quote: @A1Janitor said:
@ SFVikeFan said:
@ A1Janitor said:
@ KingBash said:
@ SFVikeFan said:
@ A1Janitor said:
For the eight years of Obama we heard the bad economy was Bush’s fault.
Now the Trump tax cuts and regulation cuts lead to great economic numbers ... and its because of Obama.
k.
Just like the 80s successes were the long term plan of Carter.
I gave you too much credit, no you evidently don't understand how the economy works.
Trump Tax Cuts and Jobs Act was signed December 22, 2017, went into effect January 1, 2018.
Thanks for proving my point, Trump made no changes to Obama's economic policies for 2017. Now I understand Kingbash's frustration, it's like arguing with a child who doesn't understand the adult world.
You should really quit while you think you're ahead.
You can't talk to these people. If you point out how fucking retarded some of them are, it's "name calling" and you're being hostile.
EDIT: I remembered this from awhile back: the link between anti-vaxxers and the Trump admin. This is the caliber of people running the country. Aside from any legit intimidation (never appropriate), there's no reason to be kind to these people when you're discussing this kind of stuff. Trump supporters are anti-vaxxers, they're flat-earthers... we've birthed a completely new breed of "proudly stupid" thanks to this asshole. Why you two attack others is beyond me.
I consider KB to be the dumbest poster on all of the viking sites. SF is just delusional.
Classic projection - accuse others of being delusional if they reject your falsehoods with accurate facts.
Don't be upset because I managed to get a degree, an education, and I bother to fact check and use multiple sources before I form an opinion .... as opposed to regurgitating information that simply matches my opinions, which is exactly how the majority of you operate.
So what economic policies did Trump pass in 2017? Or did you give up and resort to calling me delusional because you didn't know the tax cuts had no impact on 2017 like I stated from the start?
My brother has a PhD in economics. We dont care how well read you are. He laughed at your msm talking points.
Removal of regulations, consumer and investor confidence, trade deals have lead to the lowest unemployment in history.
Yeah. Thanks Obama.
I can care less what he thinks, you obviously didn't study it and had to consult with someone smarter than you just to answer simple questions. I noticed you have already changed your answer - What no mention of the tax cuts anymore, why is that?
If either of you think Trump's tax cuts magically affected the 2017 economy before they ever went into effect in 2018, then he should get a refund on his degree and try using a calendar.
Trade deals have been a massive failure. My family is 4 generations of soybean farmers in MN, that market has been destroyed by China tariffs and won't be quick or easy to return. If you think adopting an isolationist policy using 19th century tariffs are a wise approach in a global economy, please explain why the trade deficit increased and why you think that's a positive result.
Consult with Mr PhD, I could use a good laugh.
2 questions you can answer:
1) what specific regulations were approved/implemented that had a significant impact on the 2017 economy?
2) What was the Dow Jones at January 2018 when the first trade tariffs were announced, and what is it at today?
But hey good for you to use catchy phrases like "MSM talking points" so I know I'm dealing with another poster child for Dunning-Kruger.
Quote: @AGRforever said:
@ SFVikeFan said:
@ A1Janitor said:
I don’t about all of that.
Dow was 18,332 on 11/08/2016. Today it is at 26,425.
On the one-year anniversary of Donald Trump’s win in the U.S. presidential race, the Dow Jones Industrial Average is showing its biggest post-Election Day gain in more than 70 years.
The Dow DJIA+0.15% has advanced 28.50% since Nov. 8, 2016. That represents its best performance after a White House contest since 1945, when the blue-chip gauge was up 29.83% in a year following the election of Franklin D. Roosevelt and his vice president Harry S. Truman. (FDR died early his fourth term, putting Truman in the Oval Office in April 1945.) The Dow made its debut in 1896.
You forgot about unemployment numbers.
The US unemployment rate came in at 3.8 percent in March 2019, unchanged from the previous month's figure and in line with market expectations. The number of unemployed persons decreased by 24 thousand to 6.2 million while employment dropped by 201 thousand to 156.7 million. The participation rate fell to 63 percent in March from 63.2 in February. Unemployment Rate in the United States averaged 5.76 percent from 1948 until 2019, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953. Obama was at 5%.
Clearly you have no understanding of economics.
Do you think the economy magically flips a switch overnight? The economy was still running under Obama's policies until Trump makes his own, tell me you understand this. And in 2016 and 2017 Trump passed no economic policies. If you think that information is false, please post what legislation or policies were passed.
I could post the unemployment figures, stock levels, and other economic indicators of when Obama came to office facing 2 wars in Middle East and our worst recession since the Great Depression vs what Trump was given but what's the point. Explaining economics to Trumpers is like teaching a fish to ride a bicycle.
Thanks for the laughs, I need to contribute some more taxes to red states welfare in the morning.
I think you need to look up a dow jones or s&p500 chart. It clearly shoots up immediately following Trumps election. Its clear as day.
LMAO - I actually do look at it daily, I work in Finance and am fairly active in the market. Of course it went up after election, it's called speculation. That was before Trump started his trade war with China and fucked it all up.
Now take your own advice and look at the chart from January 2018 until today. Tell me what you see. I'll wait.
Tell me what it peaked at in January 2018 when tariffs were announced. Today Dow is down 120 points and sitting at 26,300. Tell me what it was in January 2018 15 months ago.
So much has the Dow gained under Trump's trade wars? I need a good laugh, humor me.
Quote: @SFVikeFan said:
@ AGRforever said:
@ SFVikeFan said:
@ A1Janitor said:
I don’t about all of that.
Dow was 18,332 on 11/08/2016. Today it is at 26,425.
On the one-year anniversary of Donald Trump’s win in the U.S. presidential race, the Dow Jones Industrial Average is showing its biggest post-Election Day gain in more than 70 years.
The Dow DJIA+0.15% has advanced 28.50% since Nov. 8, 2016. That represents its best performance after a White House contest since 1945, when the blue-chip gauge was up 29.83% in a year following the election of Franklin D. Roosevelt and his vice president Harry S. Truman. (FDR died early his fourth term, putting Truman in the Oval Office in April 1945.) The Dow made its debut in 1896.
You forgot about unemployment numbers.
The US unemployment rate came in at 3.8 percent in March 2019, unchanged from the previous month's figure and in line with market expectations. The number of unemployed persons decreased by 24 thousand to 6.2 million while employment dropped by 201 thousand to 156.7 million. The participation rate fell to 63 percent in March from 63.2 in February. Unemployment Rate in the United States averaged 5.76 percent from 1948 until 2019, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953. Obama was at 5%.
Clearly you have no understanding of economics.
Do you think the economy magically flips a switch overnight? The economy was still running under Obama's policies until Trump makes his own, tell me you understand this. And in 2016 and 2017 Trump passed no economic policies. If you think that information is false, please post what legislation or policies were passed.
I could post the unemployment figures, stock levels, and other economic indicators of when Obama came to office facing 2 wars in Middle East and our worst recession since the Great Depression vs what Trump was given but what's the point. Explaining economics to Trumpers is like teaching a fish to ride a bicycle.
Thanks for the laughs, I need to contribute some more taxes to red states welfare in the morning.
I think you need to look up a dow jones or s&p500 chart. It clearly shoots up immediately following Trumps election. Its clear as day.
LMAO - I actually do look at it daily, I work in Finance and am fairly active in the market. Of course it went up after election, it's called speculation. That was before Trump started his trade war with China and fucked it all up.
Now take your own advice and look at the chart from January 2018 until today. Tell me what you see. I'll wait.
Tell me what it peaked at in January 2018 when tariffs were announced. Today Dow is down 120 points and sitting at 26,300. Tell me what it was in January 2018 15 months ago.
So much has the Dow gained under Trump's trade wars? I need a good laugh, humor me.
Im lost? Why should we cherry pick the worst months return of any presidency and try to use that as the result for said presidency? Itd be like saying the Vikings gave up 10 points (and didnt score) in the second quarter aftet they scored 21 (and gave up 0) in the first quarter. Who is up at halftime?
We’re sitting -650 point on the dow off the all time high inspite of the collusion BS. 2ish percent. 2-3 good days in a row. Boeing not being incompetent at software glitches etc.
Quote: @pumpf said:
@ KingBash said:
@ pumpf said:
@ KingBash said:
We don't take you seriously. You're pathetic.
You wonder why people dismiss your politics (and people like yourself)? You're why. We give you no thought whatsoever. You shouldn't count or have a voice. Feel fortunate.
EDIT: I don't speak for SFVikesFan, sorry. Just my own take how we should all start ignoring Trump supporters.
And... there it is. The Liberal view of the marketplace of ideas... all in a neat, tidy succinct statement. We can't win on the merit of our arguments... so we must silence all opposition. Handmaiden's Tale? How about reading 1984... or Fahrenheit 451... or Animal Farm... ?
Here's one:
Would you have tried to silence the Nazis? I know, I know, I hate comparing the two because we're not even close to that yet here, but just for the sake of argument, would you have ridiculed, mocked, and attempted to silence Nazi supporters? I would've.
I'm trying now! Well, I'm not trying to silence them; but I'm trying to stop them. I guess if all I cared about was being able to feel morally superior to them, I would mock them, sure. But if I actually cared about the people that the Nazis were killing, I wouldn't be bothered too much with winning a name-calling contest. After all, they wanted to kill human beings that they found undesirable and unwanted. I would try to stop them... because they- literally- killed people that they did not consider human. Ring a bell?
Stop using Nazi Germany back and forth as a comparable for a minute and use America during World War 2.
Quote:Internment of Japanese Americans
The internment of Japanese Americans in the United States during World War II was the forced relocation and incarceration in concentration camps in the western interior of the country of between 110,000 and 120,000[5]people of Japanese ancestry, most of whom lived on the Pacific coast. Sixty-two percent of the internees were United States citizens.[6][7] These actions were ordered by President Franklin D. Roosevelt shortly after Imperial Japan's attack on Pearl Harbor.[8]
American's put in concentration camps under the guise of War. Imagine that in today's context.
Quote: @AGRforever said:
@ SFVikeFan said:
@ AGRforever said:
@ SFVikeFan said:
@ A1Janitor said:
I don’t about all of that.
Dow was 18,332 on 11/08/2016. Today it is at 26,425.
On the one-year anniversary of Donald Trump’s win in the U.S. presidential race, the Dow Jones Industrial Average is showing its biggest post-Election Day gain in more than 70 years.
The Dow DJIA+0.15% has advanced 28.50% since Nov. 8, 2016. That represents its best performance after a White House contest since 1945, when the blue-chip gauge was up 29.83% in a year following the election of Franklin D. Roosevelt and his vice president Harry S. Truman. (FDR died early his fourth term, putting Truman in the Oval Office in April 1945.) The Dow made its debut in 1896.
You forgot about unemployment numbers.
The US unemployment rate came in at 3.8 percent in March 2019, unchanged from the previous month's figure and in line with market expectations. The number of unemployed persons decreased by 24 thousand to 6.2 million while employment dropped by 201 thousand to 156.7 million. The participation rate fell to 63 percent in March from 63.2 in February. Unemployment Rate in the United States averaged 5.76 percent from 1948 until 2019, reaching an all time high of 10.80 percent in November of 1982 and a record low of 2.50 percent in May of 1953. Obama was at 5%.
Clearly you have no understanding of economics.
Do you think the economy magically flips a switch overnight? The economy was still running under Obama's policies until Trump makes his own, tell me you understand this. And in 2016 and 2017 Trump passed no economic policies. If you think that information is false, please post what legislation or policies were passed.
I could post the unemployment figures, stock levels, and other economic indicators of when Obama came to office facing 2 wars in Middle East and our worst recession since the Great Depression vs what Trump was given but what's the point. Explaining economics to Trumpers is like teaching a fish to ride a bicycle.
Thanks for the laughs, I need to contribute some more taxes to red states welfare in the morning.
I think you need to look up a dow jones or s&p500 chart. It clearly shoots up immediately following Trumps election. Its clear as day.
LMAO - I actually do look at it daily, I work in Finance and am fairly active in the market. Of course it went up after election, it's called speculation. That was before Trump started his trade war with China and fucked it all up.
Now take your own advice and look at the chart from January 2018 until today. Tell me what you see. I'll wait.
Tell me what it peaked at in January 2018 when tariffs were announced. Today Dow is down 120 points and sitting at 26,300. Tell me what it was in January 2018 15 months ago.
So much has the Dow gained under Trump's trade wars? I need a good laugh, humor me.
Im lost? Why should we cherry pick the worst months return of any presidency and try to use that as the result for said presidency? Itd be like saying the Vikings gave up 10 points (and didnt score) in the second quarter aftet they scored 21 (and gave up 0) in the first quarter. Who is up at halftime?
We’re sitting -650 point on the dow off the all time high inspite of the collusion BS. 2ish percent. 2-3 good days in a row. Boeing not being incompetent at software glitches etc.
I'm not cherry picking anything. Look at a damn calendar and what was going on January 2018 and the Dow Jones response since then. It's all over the map daily but for past 15 months it's flat as a board. You're choosing to stick your head in the sand why it suddenly cooled off.
Trump had passed no major legislation in 2017 and no tax cuts, hence the economy is still riding on Obama's economic policies because at that point there had been no significant change to our policies - Dow continues it's 7 yr trend of growth and unemployment continues to fall.
Are you still with me?
Now tell me what changed in January 2018?
January 2018: Trump announced TARIFFS + TRADE WARS
Do you think it's some sort of fucking coincidence how the market reacted within days of Trump's announcement of the tariffs on China? That now that Trump actually passes legislation and puts tariffs in place he has flatlined the stock market?
Are you saying the market hasn't stalled for the last 15 months, or accepting the zero growth but debating why it stalled?
Lordy, helping you people connect the dots is painful ... this isn't rocket science.
Quote: @SFVikeFan said:
@ AGRforever said:
@ SFVikeFan said:
Im lost? Why should we cherry pick the worst months return of any presidency and try to use that as the result for said presidency? Itd be like saying the Vikings gave up 10 points (and didnt score) in the second quarter aftet they scored 21 (and gave up 0) in the first quarter. Who is up at halftime?
We’re sitting -650 point on the dow off the all time high inspite of the collusion BS. 2ish percent. 2-3 good days in a row. Boeing not being incompetent at software glitches etc.
I'm not cherry picking anything. Look at a damn calendar and what was going on January 2018 and the Dow Jones response since then. It's all over the map daily but for past 15 months it's flat as a board. You're choosing to stick your head in the sand why it suddenly cooled off.
Trump had passed no major legislation in 2017 and no tax cuts, hence the economy is still riding on Obama's economic policies because at that point there had been no significant change to our policies - Dow continues it's 7 yr trend of growth and unemployment continues to fall.
Are you still with me?
Now tell me what changed in January 2018?
January 2018: Trump announced TARIFFS + TRADE WARS
Do you think it's some sort of fucking coincidence how the market reacted within days of Trump's announcement of the tariffs on China? That now that Trump actually passes legislation and puts tariffs in place he has flatlined the stock market?
Are you saying the market hasn't stalled for the last 15 months, or accepting the zero growth but debating why it stalled?
Lordy, helping you people connect the dots is painful ... this isn't rocket science.
Quite being a dick. You're intentionally massaging the data/dates to fit your narrative. You are correct we are in a trade war with China. I'd assume that at some point that will fix itself and we'll see dow 30,000.
The fact is we were at ~2200 on the S&P500 on election day. We're at 2895 right now. Assuming my math is right thats 31.5% increase in 2.5 years since trump was elected.
During that time he's faced a constant attempted coup. He's dealt with and successfully renegotiated terms within Nafta (I know they don't kick in till 2020). He's working with Europe and others on Nato and trade both of which needed to be looked at. You're in finance. You know this but wont acknowledge it. The Federal reserve raised rates 2 times under Obama (once in the lame duck session). It only went up a mind boggling .5% during Obama's entire term. .25% of which happened after Trump was elected. They've done it SEVEN times since Trump has been in office. It took the rate from .75% to 2.5%. If that weren't enough the Fed has also been unwinding their balance sheet to the tune of $50 billion a month. Did you casually forget that FOUR TRILLION DOLLARS of funny money that they put into Obama's economy to keep it afloat for as long as they did?
The Fed interest rate increases and unwinding alone would have been enough to completely derail the Obama economy but yet here we are. Even with the trade war and the Fed we're still standing. Unemployment is at record lows. Consumer confidence is near all time highs. Household net worth is at all time highs. Household debt service ratio is at the lowest ever. Wage growth is as good as its been since the late years of Bush 2.0. I'm not a fan of Trump but I do give him credit where its due.
You and Kingbash however are so GD butthurt by the guy that you can't see through your hatred of the man to believe we've had anything positive happen.
The mueller report will be out soon and it'll say exactly what Barr said: No collusion and then yall will have to move onto your next racist/nazi/small hands/golf cheater or whatever new thing you guys cook up. Just face it. Hillary lost. It still haunts you. Trump has had rent free living space in your head for +3years and its driving you crazy.
Quote: @AGRforever said:
@ SFVikeFan said:
@ AGRforever said:
@ SFVikeFan said:
Im lost? Why should we cherry pick the worst months return of any presidency and try to use that as the result for said presidency? Itd be like saying the Vikings gave up 10 points (and didnt score) in the second quarter aftet they scored 21 (and gave up 0) in the first quarter. Who is up at halftime?
We’re sitting -650 point on the dow off the all time high inspite of the collusion BS. 2ish percent. 2-3 good days in a row. Boeing not being incompetent at software glitches etc.
I'm not cherry picking anything. Look at a damn calendar and what was going on January 2018 and the Dow Jones response since then. It's all over the map daily but for past 15 months it's flat as a board. You're choosing to stick your head in the sand why it suddenly cooled off.
Trump had passed no major legislation in 2017 and no tax cuts, hence the economy is still riding on Obama's economic policies because at that point there had been no significant change to our policies - Dow continues it's 7 yr trend of growth and unemployment continues to fall.
Are you still with me?
Now tell me what changed in January 2018?
January 2018: Trump announced TARIFFS + TRADE WARS
Do you think it's some sort of fucking coincidence how the market reacted within days of Trump's announcement of the tariffs on China? That now that Trump actually passes legislation and puts tariffs in place he has flatlined the stock market?
Are you saying the market hasn't stalled for the last 15 months, or accepting the zero growth but debating why it stalled?
Lordy, helping you people connect the dots is painful ... this isn't rocket science.
Quite being a dick. You're intentionally massaging the data/dates to fit your narrative. You are correct we are in a trade war with China. I'd assume that at some point that will fix itself and we'll see dow 30,000.
The fact is we were at ~2200 on the S&P500 on election day. We're at 2895 right now. Assuming my math is right thats 31.5% increase in 2.5 years since trump was elected.
During that time he's faced a constant attempted coup. He's dealt with and successfully renegotiated terms within Nafta (I know they don't kick in till 2020). He's working with Europe and others on Nato and trade both of which needed to be looked at. You're in finance. You know this but wont acknowledge it. The Federal reserve raised rates 2 times under Obama (once in the lame duck session). It only went up a mind boggling .5% during Obama's entire term. .25% of which happened after Trump was elected. They've done it SEVEN times since Trump has been in office. It took the rate from .75% to 2.5%. If that weren't enough the Fed has also been unwinding their balance sheet to the tune of $50 billion a month. Did you casually forget that FOUR TRILLION DOLLARS of funny money that they put into Obama's economy to keep it afloat for as long as they did?
The Fed interest rate increases and unwinding alone would have been enough to completely derail the Obama economy but yet here we are. Even with the trade war and the Fed we're still standing. Unemployment is at record lows. Consumer confidence is near all time highs. Household net worth is at all time highs. Household debt service ratio is at the lowest ever. Wage growth is as good as its been since the late years of Bush 2.0. I'm not a fan of Trump but I do give him credit where its due.
You and Kingbash however are so GD butthurt by the guy that you can't see through your hatred of the man to believe we've had anything positive happen.
The mueller report will be out soon and it'll say exactly what Barr said: No collusion and then yall will have to move onto your next racist/nazi/small hands/golf cheater or whatever new thing you guys cook up. Just face it. Hillary lost. It still haunts you. Trump has had rent free living space in your head for +3years and its driving you crazy.
I'm being a dick for pointing out the obvious:
The Dow hasn't gained shit since the trade wars started. Spin it however you want, you can't escape it and accept the basic math.
You can continue to deny it all you want, but at this point you're the only one here in denial. It's beyond comical.
At least you've accepted the Dow has flatlined for some strange reason, but you're going to keep pimping the great results prior to the tariffs when the USA was still using Obama's policies and economy, and scratch your head why it's such a mystery we have seen no net gains in 15 months since Trump's policies started. The timing with the tariffs is just pure coincidence .... truly remarkable.
FYI I could care less about Hillary, the only ones who care about her are Trump and his supporters because after 5 years of being out of office you still can't shut up about her.
Did people "Occupy WallStreet" so they could look at the figures first?
FUCK THE 1%!!!
NAH! FUCK TRUMP! THE 1% AIN'T MAKING SHIT!!!
Quote: @SFVikeFan said:
@ AGRforever said:
Quite being a dick. You're intentionally massaging the data/dates to fit your narrative. You are correct we are in a trade war with China. I'd assume that at some point that will fix itself and we'll see dow 30,000.
The fact is we were at ~2200 on the S&P500 on election day. We're at 2895 right now. Assuming my math is right thats 31.5% increase in 2.5 years since trump was elected.
During that time he's faced a constant attempted coup. He's dealt with and successfully renegotiated terms within Nafta (I know they don't kick in till 2020). He's working with Europe and others on Nato and trade both of which needed to be looked at. You're in finance. You know this but wont acknowledge it. The Federal reserve raised rates 2 times under Obama (once in the lame duck session). It only went up a mind boggling .5% during Obama's entire term. .25% of which happened after Trump was elected. They've done it SEVEN times since Trump has been in office. It took the rate from .75% to 2.5%. If that weren't enough the Fed has also been unwinding their balance sheet to the tune of $50 billion a month. Did you casually forget that FOUR TRILLION DOLLARS of funny money that they put into Obama's economy to keep it afloat for as long as they did?
The Fed interest rate increases and unwinding alone would have been enough to completely derail the Obama economy but yet here we are. Even with the trade war and the Fed we're still standing. Unemployment is at record lows. Consumer confidence is near all time highs. Household net worth is at all time highs. Household debt service ratio is at the lowest ever. Wage growth is as good as its been since the late years of Bush 2.0. I'm not a fan of Trump but I do give him credit where its due.
You and Kingbash however are so GD butthurt by the guy that you can't see through your hatred of the man to believe we've had anything positive happen.
The mueller report will be out soon and it'll say exactly what Barr said: No collusion and then yall will have to move onto your next racist/nazi/small hands/golf cheater or whatever new thing you guys cook up. Just face it. Hillary lost. It still haunts you. Trump has had rent free living space in your head for +3years and its driving you crazy.
I'm being a dick for pointing out the obvious:
The Dow hasn't gained shit since the trade wars started. Spin it however you want, you can't escape it and accept the basic math.
You can continue to deny it all you want, but at this point you're the only one here in denial. It's beyond comical.
At least you've accepted the Dow has flatlined for some strange reason, but you're going to keep pimping the great results prior to the tariffs when the USA was still using Obama's policies and economy, and scratch your head why it's such a mystery we have seen no net gains in 15 months since Trump's policies started. The timing with the tariffs is just pure coincidence .... truly remarkable.
FYI I could care less about Hillary, the only ones who care about her are Trump and his supporters because after 5 years of being out of office you still can't shut up about her.
See its not that obvious is the problem. Is Trumps trade war contributing to the lack of growth since 2018? Most certainly. Is it the only thing? Not even close. I would strongly argue that the Federal Reserves quantitative shrinking program is by far the leading factor in the lack of economic growth. In fact, I'd go so far as to say that its quite impressive we've been treading water since its implementation. It really is a testament to how strong the economy really is and has been. Guess what??? Quantitative shrinking coincides EXACTLY with January 2018.
![[Image: 09_am-5bfd84f7c9e77c0051d9624f]](https://www.investopedia.com/thmb/Ddt5QCsl2QIO5Qru03b_cpPkeP4=/572x398/filters:no_upscale():max_bytes(150000):strip_icc()/09_am-5bfd84f7c9e77c0051d9624f)
Blaming the lack of market growth on Trumps trade war means you're not giving the QE shrinking policy enough credit. Since Trump took office we've shrunk the balance sheet by roughly $1 Trillion. When they shrunk the balance sheet it effectively removed those assets from the economy which forced other assets to take their place of .gov bond, mortgage backed securities and other loans made to banks, institutions and businesses.
To put that in perspective thats enough money to buy one of the following companies: Amazon, Microsoft or Apple. Its enough to buy Google AND Walmart. (all based on market cap) It almost enough money to buy all the international publicly traded oil industry. If I've done my math right its enough to have paid for all of US healthcare for the past decade. Its enough to buy all the farmland in Iowa 5 times over. Its enough to buy the NFL every 7 weeks. Its enough to pay for USB stadium every 15 hours. That wall we can't seem to afford? 84 hours.
What I can tell you is that if you remove $1 Trillion from a $19.4T/yr economy that runs right at 5.15% of total GDP in a year. What I can't tell you is exactly what that would have meant for higher returns had the Fed done nothing. In fact I'm not sure anyone can really figure that out because its such a vast calculation. But I'm prepared to say that its significant and very clearly the main reason we've had stagnate growth.
But back to your "obvious point"......The Trump trade war. According to Reuters the cost was $7.8 billion in 2018....less then a week worth of QE shrinking To put that in perspective that would have been .04% of our annual GDP
in 2018 vs the 5.15% that quantitative shrinking took out.
If that wasn't enough for you that doesn't even account for the 234% increase (or 400% increase since Trumps election depending on when you want to start counting) in the Fed Fund Rate which indirectly dictates all interest rates. Those interest rate effect everything in our lives and economy. From the interest on your house and checking account to the cost to buying good from China to the commodity prices in Brazil.
So to summarize.....and not to be a dick....but if you could please tell me
which program between Trumps trade war and QE Shrinking had the bigger impact on our economy I'd be happy to listen?
Trump's trade war cost U.S. economy $7.8 billion in 2018: study
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