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Sat Aug 24, 2019, 01:39 PM

A Gyrating Economy, and Trump's Volatile Approach to It, Raise Alarms

BIARRITZ, France — President Trump has again tossed out the economic and political playbook that guided other occupants of the Oval Office for generations as the United States dominated the flow of goods and services across the world.

In the space of a few hours, he declared that his own central bank chief was an “enemy,” claimed sweeping powers not explicitly envisioned by the Constitution to “order” American businesses to leave China and, when stock markets predictably tumbled, made a joke of it.

Mr. Trump’s wild and unscripted pronouncements on Friday renewed questions about his stewardship of the world’s largest economy even as he escalated a trade war with China before heading to France for a high-profile summit with the leaders of many of the world’s other major industrial powers.

Even some of his own aides and allies were alarmed by his behavior, seeing it as the flailing of a president increasingly anxious over the dark clouds some have detected hovering over an economy that until now has been the strongest selling point for his administration. They privately expressed concern that he was hurting the economy and was doing lasting damage to his own prospects for re-election.

Mr. Trump has become one of the biggest sources of global economic instability after presiding over a period of growth and job creation. While investor and consumer confidence at first rose impressively after Mr. Trump’s election and inauguration, lately so have indicators of economic uncertainty, which could dampen the continued growth the president seeks heading into his campaign for a second term.

https://www.nytimes.com/2019/08/23/us/politics/trump-economy-trade.html?smid=nytcore-ios-share

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Reply A Gyrating Economy, and Trump's Volatile Approach to It, Raise Alarms (Original post)
Yo_Mama_Been_Loggin Aug 24 OP
saidsimplesimon Aug 24 #1
captain queeg Aug 24 #2
SWBTATTReg Aug 24 #3

Response to Yo_Mama_Been_Loggin (Original post)

Sat Aug 24, 2019, 01:53 PM

1. Bad for the economy, especially those who voted for him.

They privately expressed concern that he was hurting the economy and was doing lasting damage to his own prospects for re-election.

This is huuuge, IT will not enjoy being skewered by the media reporting the truth. I love watching him sweat and lumber around carrying all his baggage. Not to mention the man is so ugly inside and out.

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Response to Yo_Mama_Been_Loggin (Original post)

Sat Aug 24, 2019, 01:55 PM

2. More and more people are waking up to the scam he and the republicans have been running

Most of us have not observed the booming economy he brags about. Yes, employment is pretty full. But many of the jobs aren’t great and I wasn’t seeing any significant pay increases when I was working. The tax cuts for the rich did give a temporary uptick, but the bill is coming due. Those that can think a little bit beyond the present knew this would happen. I’m glad to see it’s upsetting the orange one. He has caused a lot of people a lot of pain, only fair he suffers.

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Response to Yo_Mama_Been_Loggin (Original post)

Sat Aug 24, 2019, 03:46 PM

3. The economy that rump literally had nothing to do with in the first place (the booming one, ...

after repugs ruined it and Obama stepped in) is finally coming to a close, after a 10+ year bump upwards. Sincere compliments should be paid to Obama, who engineered this in the midst of republican opposition and dire economic peril during those times.

rump is nuts thinking that any of his policies (idiotic and constant tweeting) had any positive impact, and if anything, that rump is bringing gross instability to the world economy, all to suit his ego and nothing else.

ignorant ass is throwing a hissy fit and thus ordering companies out of china, and that he's king of Israel...yeah, right.

What is it going to take, to invoke the 25th Amendment?

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