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What will the next Trump crime be?

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OverSword
1 hour ago, Robotic Jew said:

I was doing better under obama than I have been under just 3 years of trumps "great agained america"

The corporation I work for is doing better :tu:

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RavenHawk
22 hours ago, Tatetopa said:

Thanks very  much for the response, and the effort you put in.  I am pretty aware that many of the Dems are crooked too, but I would rather have no corruption in government not just switch the party.

This is a very deep and compact reply.  Corruption is more prevalent from the Left.  No, just switching parties will not eradicate it but it will reduce it greatly.  It’s better to reduce the problem that trying to fix the whole thing in one fell swoop.  If you don’t get rid of Socialism, you’ll never get rid of corruption.  But corruption is not exclusive of Socialism but that’s where it ends up.  That is the base of human nature. 

 

Your final comment here is a little scary though.  That is how all political bosses, mafia bosses, and dictators run their operations.  Boss Tweed fixed the sewers, Mussolini made the trains run on time, Dueterte dropped drug pushers out of a helicopter.

This is what is wrong with that thinking.  You equate the character with the action.  This behavior is not exclusive to bad people.  It’s just a tool to achieve some other ulterior motive, even something altruistic like making America great again.  Those like Mussolini, Hitler, Stalin, Mao, etc. were bent on power and they were clear in their intentions from the beginning.  Hezbollah builds schools and hospitals in Southern Lebanon to win favor of the locals and they use those facilities to attack Israel from in accordance to their Constitution.  Obama was clear in his fundamental change of the US Constitution long before he became President.  But what has Trump ever espoused to make you think his intentions are other than honorable?  No matter how much you hate him, he hasn’t.  Likewise, we’ve had dictators as President that preserved the Union.  Eisenhower was pretty dictatorial when running the government.  So was FDR, and Lincoln, and Jackson.  Even Washington was a dictator.  He could have been King.  Events like Shay’s rebellion, the Whiskey rebellion, and even Fallen Timbers tested the staying power of the Constitution, early on.  If it wasn’t for a firm hand, we would have fallen into a real dictatorship.  The question is really, where is that line?  The Progs in Congress have already crossed that line and Trump is the only thing preventing them from outright taking over.  Congress has been slowly trying to remove Presidential powers and Trump is saying, not on my watch.  The Legislative and Executive must remain equal or corruption would soon prevail.

 

I thought we were  different, aren't we?   I'm no student of the Constitution,  so maybe it says in there somewhere that the president is entitled to a cut off the top of the operation.

Let me clarify that I was just answering your question.  I’m not even advocating for it.  However, if Trump walks away now, he will have left this country in the best condition it has been in, in a century.  For that he certainly would rate any compensation he wishes.  The answer to this question is merely a figurative reflection of the excellent job Trump has done.  But I really doubt that this ‘reflection’ will happen.  That’s not Trump.  All Presidents have profited at being President.  You can’t stop that.  I certainly do not begrudge the Clintons or even the Obamas increasing their wealth from book deals and speaking fees.  It is the corruption of the Establishment that is unacceptable.  It is the weaponization of the government against the people and political opponents.  Government should be used to benefit citizens, not control them.  It is the desire to rewrite the Constitution.  The Constitution is to limit the power of government, not grant rights to the people.  It’s setting up pay-to-play scams to collect graft.  It’s abusing power, not just simply using it.  If the worse that Trump will do is secure Chinese trademarks for his daughter because he is President (without any coercion), that is far from being corrupt.  But you are right, the Constitution does not say that the President is entitled to some kind of booty, but by the same token, it doesn’t restrict that either.  The bottom line is intention.  That usually comes out in their character.  I.e. Obama and Hilary are really very dirty and corrupt.  Trump is no angel but he has a very honest soul.  This is very unique in a President (or any politician).  All Americans should revel in this time.  We need to ride this prosperity train as far as it will take us before the corruption finds a way to derail it.  It hasn’t but has been constantly trying for the last 3 or 4 years.

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RavenHawk
1 hour ago, Robotic Jew said:

I was doing better under obama than I have been under just 3 years of trumps "great agained america"

Under Obama, I was lucky to see a 1% raise.  In the last 3 years I have gotten a 2%, 3%, and 5% raise.  Between Obama and Clinton, I have lost so much in salaries.  I just really hope that for the few more years I’ll be working, that we keep a Conservative in office.

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Michelle

Our business is booming. It seems like people have more money and are willing to spend it. Special projects and repairing items they've been putting off.

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Habitat
1 hour ago, OverSword said:

The corporation I work for is doing better :tu:

 

13 minutes ago, Michelle said:

Our business is booming. It seems like people have more money and are willing to spend it. Special projects and repairing items they've been putting off.

Amazing to think that people see such a strong connection between some guy sitting in the White House, and business cycles. In reality, they are right, but history shows that the business fortunes often dictate who gets to sit in the chair, not so much the other way round. Remember what was said in Clinton's time, "it's the economy, stupid".

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OverSword
2 minutes ago, Habitat said:

 

Amazing to think that people see such a strong connection between some guy sitting in the White House, and business cycles. In reality, they are right, but history shows that the business fortunes often dictate who gets to sit in the chair, not so much the other way round. Remember what was said in Clinton's time, "it's the economy, stupid".

Well if that doesn't correlate for you let me be a bit more specific.  After trump's corporate tax break was implemented the corporation I work for used that windfall to grow the business through acquisitions.  Now I work for a larger, more secure company that is less vulnerable to the whims of a market.  If you work for such a company then your life is more stable because the chance that your job is going to disappear is reduced.   

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Habitat
Just now, OverSword said:

Well if that doesn't correlate for you let me be a bit more specific.  After trump's corporate tax break was implemented the corporation I work for used that windfall to grow the business through acquisitions.  Now I work for a larger, more secure company that is less vulnerable to the whims of a market.  If you work for such a company then your life is more stable because the chance that your job is going to disappear is reduced.   

Time will tell how Trump's decisions play out, there are no magic levers that people seem to think exist.

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Doug1029
2 minutes ago, OverSword said:

Well if that doesn't correlate for you let me be a bit more specific.  After trump's corporate tax break was implemented the corporation I work for used that windfall to grow the business through acquisitions.  Now I work for a larger, more secure company that is less vulnerable to the whims of a market.  If you work for such a company then your life is more stable because the chance that your job is going to disappear is reduced.   

Most companies used their tax windfalls for stock buybacks that did nothing to help working people.

Doug

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Habitat

There seems to be a compact between political parties to pretend that if the economy is going well, it is all down to the good work of whoever is in power. None will get up and say we really have less control over this than you might think, it is only a semi-domesticated beast.

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OverSword
10 minutes ago, Habitat said:

Time will tell how Trump's decisions play out, there are no magic levers that people seem to think exist.

Time will tell?  Look, you said:" Amazing to think that people see such a strong connection between some guy sitting in the White House, and business cycles" in response to my pointing out that the company I work for is doing better.  That is directly attributable to a trump policy, there is no "time will tell"  unless you mean time will tell if some big corporate tax implemented by the next democratic president to be elected screws my currently secure condition.

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OverSword
13 minutes ago, Doug1029 said:

Most companies used their tax windfalls for stock buybacks that did nothing to help working people.

Doug

That ain't my problem.  My company lets me buy a certain amount of shares at a discount.  Can you prove that's what most corporations did, or since that same tax structure is still in place, what they are doing?  Sounds like bitter hot air to me.

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Habitat
Just now, OverSword said:

Time will tell?  Look, you said:" Amazing to think that people see such a strong connection between some guy sitting in the White House, and business cycles" in response to my pointing out that the company I work for is doing better.  That is directly attributable to a trump policy, there is no "time will tell"  unless you mean time will tell if some big corporate tax implemented by the next democratic president to be elected screws my currently secure condition.

I saw a wiseacre economics reporter on Australian TV ( he is actually a quite clever wealthy man who doesn't need to commentate) pointing out some negative trends in the US economy, that don't augur particularly well, and he made his point in the context of long cycles that well and truly pre-date Trump's ascension.

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OverSword
5 minutes ago, Habitat said:

I saw a wiseacre economics reporter on Australian TV ( he is actually a quite clever wealthy man who doesn't need to commentate) pointing out some negative trends in the US economy, that don't augur particularly well, and he made his point in the context of long cycles that well and truly pre-date Trump's ascension.

That you are correct about, there are rises and fall in economies due to many things outside the control of a single policy.  Economies are like organic living things in a way I think.

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WanderingFool0
13 minutes ago, OverSword said:

Time will tell?  Look, you said:" Amazing to think that people see such a strong connection between some guy sitting in the White House, and business cycles" in response to my pointing out that the company I work for is doing better.  That is directly attributable to a trump policy, there is no "time will tell"  unless you mean time will tell if some big corporate tax implemented by the next democratic president to be elected screws my currently secure condition.

I don't know how great this economy really is since right now and for a while it's all being propped up by quantitative easing and the FED injecting billions of dollars of currency into the system regularly. Many economic experts around the world also are wondering where exactly quantitative easing will eventually leave not just the US but the global economy as well down the line.

Quote

Then there are the risks of relying on QE. Some economists believe that QE only benefits wealthy borrowers. By using QE to inundate the economy with more money, governments maintain artificially low interest rates while providing consumers with extra money to spend. This also can lead to inflation. Economists quibble as to whether inflation now exists. But worldwide food prices have been going up, gas prices are again on the rise, and various other goods and services cost more.

In sum, QE has accomplished some of its objectives but dropped the ball on others. Lethal subprime mortgages were removed from banks’ balance sheets, it has helped stabilize the U.S. economy — for the moment, and it has kept interest rates low enough to temporarily revive the housing market. But if, for example, QE has run its course, it leaves behind low interest rates that give central banks little ammo to battle the next economic downturn.

The question remains as to whether QE has gone too far worldwide. Can the United States afford a $30 trillion debt, even with low interest rates? Is the current worldwide social unrest — with food inflation and a wealth gap — an unintended byproduct of QE lending practices? In other words, are the massive corporate stock buybacks by cheap money from QE and low interest rates from the Fed — that have fueled the decade-long stock market rally — a success or a failure?

Time, of course, will tell.

source

 

Quote
Fed’s balance sheet swelling

The lowest reported point of the Fed’s balance sheet since the balance sheet normalization started was $3,759,946 billion ($3.76 trillion rounded) on Aug. 28, 2018. The latest reported level is $4,047,882. That’s close to $300 billion in QE added in only 2½ months since the disruptions in overnight interest rate markets started in September. If the Federal Reserve carries the $60 billion monthly rate until the second quarter, that would mean that it would have surpassed the all-time high of $4.5 trillion in its balance sheet holdings (set in February 2015) sometime during June 2020 (see chart).

I don’t believe that the Fed’s balance sheet is the only determinant of the level of the stock market, but it sure is a major factor. Balance-sheet expansion is like printing money — but for financial institutions only. It does affect the monetary base (excess reserves plus currency in circulation), which is the narrowest definition of money supply (M0). It basically causes asset-price inflation without causing uncontrolled broad money supply growth, which is why has it has not (yet) resulted in hyperinflation (see chart).

In prior economic downturns, the Fed would lower interest rates, which would stimulate lending, which would help lift the economy out of a recession. After the 2008 downturn, the Fed not only lowered interest rates but also provided a large amount of electronic dollars, called excess reserves, which first affected the prices of Treasury and mortgage securities, investment-grade corporate bonds and ultimately junk bonds and stocks. One could argue that the Fed pulled the economy out of a deflationary hole in large part by using asset prices, so it was not the improving economy affecting the prices of financial assets, but financial assets causing the economy to improve. I think we have a similar QE dynamic at present

source

Nothing about quantitative easing sounds like healthy and robust economy to me.

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OverSword
21 minutes ago, WanderingFool0 said:

I don't know how great this economy really is since right now and for a while it's all being propped up by quantitative easing and the FED injecting billions of dollars of currency into the system regularly. Many economic experts around the world also are wondering where exactly quantitative easing will eventually leave not just the US but the global economy as well down the line.

source

 

source

Nothing about quantitative easing sounds like healthy and robust economy to me.

And despite that, the company I work for has used the corporate tax break to put themselves in a better position to weather the eventual downturn that will always inevitably occur.  That tax break was put in place by trump.  It just can't be argued with.  You don't have to like him, he made a decision and made policy which was beneficial to my employer and through that it's employees.  If you go to the top of this page you see my original comment was that the company I work for is doing better in response to someone else's comment.  That's all.  I didn't say that the economy is bulletproof because trump.

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Doug1029
1 hour ago, OverSword said:

That ain't my problem.  My company lets me buy a certain amount of shares at a discount.  Can you prove that's what most corporations did, or since that same tax structure is still in place, what they are doing?  Sounds like bitter hot air to me.

I don't know what's going on now.  There has been enough time that most of the stock buybacks are probably over and done with.

https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html

Stock buybacks are not the only use of the extra cash.  There has actually been some serious investment as a result.  But as that has been going on since 1990, Trump doesn't get much credit for it.

https://finance.yahoo.com/news/tax-cuts-fuel-stock-buyback-spike-130545937.html

Now, you prove it didn't happen.

Doug

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RavenHawk
38 minutes ago, Habitat said:

 

Amazing to think that people see such a strong connection between some guy sitting in the White House, and business cycles.

You can say that business cycles rule, but it is also the decisions that the guy at the top makes.  We get a recession about every dozen years or so.  The President can make a decision that easies a downturn and likewise, he can make a decision that ruins an upswing.  Clinton knew a good thing and didn’t mess with the Reagan boom.  Obama was just bad on every decision he made.  Trump took a mediocre upturn and made it take off.  This is more than just a bull market.  Those are usually unsustainable and short-lived.  This boom is steady and sustainable.  It’s at a point that can weather coming recessions.  It’s an ideal position to be in.  But people are stupid and will actively seek ways to undermine it and TDS gives them the encouragement to cut off their nose to spite their face.  I have to believe that Trump’s instincts are stronger than those that have succumbed to TDS.

 

In reality, they are right, but history shows that the business fortunes often dictate who gets to sit in the chair, not so much the other way round.

It’s not so much that as what the party line is and which party controls it.  If it’s a Conservative President, then the Socialists will play down the economy and will even try to derail it.  If it is a Socialist President, they will drive the economy into the ground and just say to get use to the new normal, you’ll never see any better.

 

Remember what was said in Clinton's time, "it's the economy, stupid".

The Left didn’t pay much attention to that under Obama.

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Varelse
23 hours ago, Manwon Lender said:

I find it very funny that you even post to these threads, all your doing is Trolling and trying to get a rise out of people. You try to act intelligent but you only show your ignorance. I retired from the US Army in 2003, and continued to work with US Soldiers as a contractor on and off until 2019. I know for a fact what you and others are saying is nothing but complete bull****. While our soldiers can't speak publicly, they do talk amongst themselves and privately with others they trust.

Ask the Troops that were deployed to Syria, when Turkey recently made their cross boarder incursion. Trump gave Turkey the green light to take territory for their security. He also knew more than 24hrs in advance where and when this was going to take place. The US Joint Chiefs of Staff weren't even alerted, so directly because of President Trump US Soldiers weren't moved out of the line of Turkeys fire. US troops had Artillery coming in to there positions at Danger Close Range ( 500 meter or less ) before they were pulled out.

Not to mention that US Soldiers were wounded, and equipment was destroyed. All of this occurred because he didn't allow his military advisers to take care of the operation. Do you really think that US Troops love him for this? But since you know so much about this subject what has he done for US Soldiers, except almost get them killed on more than one occasion?

peace

He's also been a disappointment to us when we get back and need our heads, knees, shoulders or whatever screwed back on straight by putting https://www.citizensforethics.org/mar-a-lago-members-va-influence/ in charge. I really have no idea what Private Bonespurs has done to help improve the VA.  He'll steal credit like here anhere but from my pov I've not seen or heard of any improvements. 

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Manwon Lender
5 minutes ago, Varelse said:

He's also been a disappointment to us when we get back and need our heads, knees, shoulders or whatever screwed back on straight by putting https://www.citizensforethics.org/mar-a-lago-members-va-influence/ in charge. I really have no idea what Private Bonespurs has done to help improve the VA.  He'll steal credit like here anhere but from my pov I've not seen or heard of any improvements. 

As far as the bennifits for individual US Soldiers are concerned he has done absolutely nothing for them. The guy is a liar and the thing that amazes me most is that so many people will jump to his defense when in reality he has done absolutely nothing for them. It like mass hysteria, actually it reminds me more of when Adolf Hitler took power in Germany and that's kinda scary.

Peace

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Manwon Lender
3 hours ago, OverSword said:

Well if that doesn't correlate for you let me be a bit more specific.  After trump's corporate tax break was implemented the corporation I work for used that windfall to grow the business through acquisitions.  Now I work for a larger, more secure company that is less vulnerable to the whims of a market.  If you work for such a company then your life is more stable because the chance that your job is going to disappear is reduced.   

How did his tax breaks bennifit your personal taxes, I mean it was proported that his tax breaks would directly bennifit the middle class and below. So in what why does it have effect on your taxes?

Peace

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Varelse
37 minutes ago, RavenHawk said:

You can say that business cycles rule, but it is also the decisions that the guy at the top makes.  We get a recession about every dozen years or so.  The President can make a decision that easies a downturn and likewise, he can make a decision that ruins an upswing.  Clinton knew a good thing and didn’t mess with the Reagan boom.  Obama was just bad on every decision he made.  Trump took a mediocre upturn and made it take off.  This is more than just a bull market.  Those are usually unsustainable and short-lived.  This boom is steady and sustainable.  It’s at a point that can weather coming recessions.  It’s an ideal position to be in.  But people are stupid....

 

Obama's far from my favorite POTUS but even I can't understand the blinders some people have put on regarding his economic achievements. Or did we all just forget 2008? Trump's just riding the rest of Obama's wave and using old tricks (when they let him) to keep it going. Some might say manipulate it . No one knows when the market will realize it's a 10 lb boulder trapped in a spider's web. With grump acting more insane every day, corona virus and some real reasons I moved most my retirement into a safe zone this week.  

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Gromdor
1 hour ago, RavenHawk said:

You can say that business cycles rule, but it is also the decisions that the guy at the top makes.  We get a recession about every dozen years or so.  The President can make a decision that easies a downturn and likewise, he can make a decision that ruins an upswing.  Clinton knew a good thing and didn’t mess with the Reagan boom.  Obama was just bad on every decision he made.  Trump took a mediocre upturn and made it take off.  This is more than just a bull market.  Those are usually unsustainable and short-lived.  This boom is steady and sustainable.  It’s at a point that can weather coming recessions.  It’s an ideal position to be in.  But people are stupid and will actively seek ways to undermine it and TDS gives them the encouragement to cut off their nose to spite their face.  I have to believe that Trump’s instincts are stronger than those that have succumbed to TDS.

Ummm... Clinton rode the Dotcom boom.  His success had nothing to do with Reagan and everything to do with the advance of the internet.

There was this president between Clinton and Reagan by the name of Bush who, well to put it bluntly, faired worse than Obama by numbers. There was another president after Clinton, also by the name of Bush, that also faired far worse than Obama.

Trump's numbers aren't coming in as good anymore either.  There is a reason why he is bragging about the unemployment rate instead of the GDP lately.  Suffice it to say, no one thinks we will see those 3% annual GDP growth rates Trump talked about anytime during his presidency.  Have you seen his new budget?  It's not the budget of a country in an economic boom.

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Golden Duck
19 hours ago, Dumbledore the Awesome said:

 

Right, and was RussiagateTM on the side of God too? It doesn't look at all :hmm: that as soon as RussiagateTM fizzled out, the "Democrats" suddenly found "ooh look, there's these dodgy phone calls he made to the tinpot President of that tinpot ex-Soviet republic in an endeavour to find out dirt on the son of that creep who, even if he's not a child molester, seems to have decided that creating a public persona of being one would be a selling point, and who is, inexplicably, being promoted by us as our greatest hope of defeating the Emperor"? if God is on the side of the Democrats, He seems to be defeated by the forces of darkness (Trump ) every time they try to deploy him. I wonder what that tells us? :hmm:

Romney is the one who mentioned God when giving his judgment in the impeachment.  No one said God was on the side of the Democrats.:hmm:

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Golden Duck
13 hours ago, Crikey said:

Ach soooo.... the Knight's Cross of the Iron Cross (German: Ritterkreuz des Eisernen Kreuzes)..:D

Is that you wearing it in your avatar?

 

13 hours ago, Manwon Lender said:

No it's not me, or anyone I know.

Peace

Max Hansen

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RavenHawk
10 minutes ago, Varelse said:

Obama's far from my favorite POTUS but even I can't understand the blinders some people have put on regarding his economic achievements. Or did we all just forget 2008? Trump's just riding the rest of Obama's wave and using old tricks (when they let him) to keep it going. Some might say manipulate it . No one knows when the market will realize it's a 10 lb boulder trapped in a spider's web. With grump acting more insane every day, corona virus and some real reasons I moved most my retirement into a safe zone this week.  

Blinders?  Achievements?  Please…  Obama’s best achievement was closing the door after him at the White House for the last time.  If you think of the economy as a beach ball in a pool, one can expend a lot of energy to hold it underwater but eventually, it will fight to get to the surface.  This is what Obama tried to do in order to control the economy.  The economy did eventually get better, not because of Obama but in spite him.  Don’t get me going about 2008 but like Emanuel stated, why waste a good crisis.  For Obama, the collapse was tailor made to order.  Obama had no wave.  Trump took what was there and created the wave.  The economy still needs a lot of TLC.  Trump just started the first step, to grow it.  Raise revenue and GDP.  Once you grow it sufficiently, then you can deal with the debt.  He inherited a doubled debt and just pumping the breaks isn’t going to reverse course.  You need the economy to work for you and be so prosperous that the debt is not an obstacle.  So far, Trump has had good instincts about what needs to happen.  I’m sure it’s not all the way he would have wanted it, but he makes due with what he has.  If Trump can continue on path for the next 5 years, followed by another Conservative President for another 4 or 8 years that stays true to Trump’s course, nothing will be able to hold the economy of this nation back.

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