2020 US Presidential Election (aka: The Trump Coronation)

notobtuse

Cody montana wrote: »

BREAKING: The U.S. entered a recession in February, the official arbiter NBER says.

So before the lockdown?

Yup. NBER made the declaration without the traditional methods of determining a recession which entail two consecutive quarters of negative GDP growth. They noted a clear peak in monthly economic activity occurred in February.

Instead...

"The committee recognizes that the pandemic and the public health response have resulted in a downturn with different characteristics and dynamics than prior recessions," the NBER's Business Cycle Dating Committee said in a statement. "Nonetheless, it concluded that the unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession, even if it turns out to be briefer than earlier contractions."

And it appears most economists think contraction of the economy will end in the second quarter and also which will put an end to the recession.

https://www.cnbc.com/2020/06/08/the-us-entered-a-recession-in-february-according-to-the-official-economic-arbiter.html

Silentcorner

Cody montana wrote: »

BREAKING: The U.S. entered a recession in February, the official arbiter NBER says.

So before the lockdown?

A recession is two consecutive quarters of negative growth...so either, the last 6 months of 2019 ....or.....

Cody montana

notobtuse wrote: »

Yup. NBER made the declaration without the traditional methods of determining a recession which entail two consecutive quarters of negative GDP growth. They noted a clear peak in monthly economic activity occurred in February.

Instead...



And it appears most economists think contraction of the economy will end in the second quarter and also which will put an end to the recession.

https://www.cnbc.com/2020/06/08/the-us-entered-a-recession-in-february-according-to-the-official-economic-arbiter.html

So the Trump economy is in recession.
Thanks.

notobtuse

Cody montana wrote: »

So the Trump economy is in recession.
Thanks.

Yeah... I wonder why? :rolleyes::rolleyes::rolleyes::rolleyes::rolleyes:

PropJoe10

notobtuse wrote: »

Yeah... I wonder why? :rolleyes::rolleyes::rolleyes::rolleyes::rolleyes:

The impeachment trial?

notobtuse

PropJoe10 wrote: »

The impeachment trial?

Probably Obama. Isn't that what all the cool kids are doing these days... attributing everything to the prior president. I keep hearing here all the economic gains have to be attributed to Obama, so we should attribute the recession to him also, right?

Carfacemandog

PropJoe10 wrote: »

The impeachment trial?

Wild in incompetence, overspending on the wrong areas, a lack of income from sources like tax and average Americans having not benefited from tax cuts in recent years whicj were aimed at the ultra wealthy?

Nah, couldn't be. It's not like economists have been calling this as in the horizon for a year now.

notobtuse

Carfacemandog wrote: »

Wild in incompetence, overspending on the wrong areas, a lack of income from sources like tax and average Americans having not benefited from tax cuts in recent years whicj were aimed at the ultra wealthy?

Nah, couldn't be. It's not like economists have been calling this as in the horizon for a year now.

Yet the tax cut was introduced in November 2, 2017 and the economy, jobs and wealth kept increasing until the pandemic set in this year. Maybe we should blame it on aliens.

PropJoe10

notobtuse wrote: »

Probably Obama. Isn't that what all the cool kids are doing these days... attributing everything to the prior president. I keep hearing here all the economic gains have to be attributed to Obama, so we should attribute the recession to him also, right?

Trump has been in office for nearly 4 years. I think it's probably time that he owns the decisions that he's made at this stage.

pjohnson

PropJoe10 wrote: »

Trump has been in office for nearly 4 years. I think it's probably time that he owns the decisions that he's made at this stage.

I'm impressed he didnt blame Hillary tbf.

4068ac1elhodqr

The DJ sure is starting to look fresh these days, how long until it breaks a new record?



The market price on Don of 2.2 POTUS20 is today looking very tempting, when the next boom starts, he be right back down to 1.75.
Just as long as he doesn't march down Minn and throw holy relics at the locals, or deface any statues or tributes to their other now secondary royality (Prince Rogers Nelson).

Carfacemandog

notobtuse wrote: »

You might want to consider getting your facts straight before posting fake news. It wasn't originally commissioned by Ted Curz or the republican party during the primary, it was commissioned by a conservative website "The Washington Free Beacon" and then ended once the GOP primary was determined... and Steele was never part of the original project.

And there you go, commission by Republicans.

And you might also want to look into that claim Democrats and Republicans concluded the Russians did interfere to help Trump as it seems to be based on faulty intel, as new information indicates the Russians interfered to help Hillary Clinton, not Trump.

[B]Bipartisan Senate report backs intel community assessment that Russia interfered to help Trump in 2016 election[/B]

It is what it is - and both democrats and republicans agree. Between that, Republican senators and politicians breaking ranks to join in the protests this weekend, and generals who served as national security advisor to Trump (who hired them) comparing him to the nazis it's really not been a good time for Donald lately.

notobtuse

Carfacemandog wrote: »

And there you go, commission by Republicans.


[B]Bipartisan Senate report backs intel community assessment that Russia interfered to help Trump in 2016 election[/B]

It is what it is - and both democrats and republicans agree. Between that, Republican senators and politicians breaking ranks to join in the protests this weekend, and generals who served as national security advisor to Trump (who hired them) comparing him to the nazis it's really not been a good time for Donald lately.

You said it was the republican party. Don't try and weasel out of it now.Also how do you know it was republicans. Some states have a Conservative Party.

And CIA Chief Brennan hid intel that showed Russia wanted Hillary win in 2016.

https://americanmilitarynews.com/2020/05/report-fmr-cia-chief-brennan-hid-intel-saying-russia-wanted-hillary-win-in-2016/

Quin_Dub

Dangelo Wooden Test wrote: »

The DJ sure is starting to look fresh these days, how long until it breaks a new record?



The market price on Don of 2.2 POTUS20 is today looking very tempting, when the next boom starts, he be right back down to 1.75.
Just as long as he doesn't march down Minn and throw holy relics at the locals, or deface any statues or tributes to their other now secondary royality (Prince Rogers Nelson).

The Stock Market is increasingly not connected to the Economy though.. A rising Stock market no longer aligns with a growing economy

The Markets Are Not the Economy


This was written about a month ago.

The stock market looks increasingly divorced from economic reality.

The United States is on the brink of the worst economic collapse since the Hoover administration. Corporate profits have crumpled. More than a million Americans have contracted the coronavirus, and hundreds are dying each day. There is no turnaround in sight.

Yet stocks keep climbing. Even as 20.5 million people lost their jobs in April, the S&P 500 stock index logged its best month in 33 years. After a few weeks of wild swings, the market is down a mere 9.3 percent this year and 13.5 percent from its peak — what most investors would consider a correction. On Friday, after the government released the staggering unemployment figures, the S&P 500 closed up 1.7 percent.

Why the Stock Market just doesn't care

Carfacemandog

notobtuse wrote: »

Yet the tax cut was introduced in November 2, 2017 and the economy, jobs and wealth kept increasing until the pandemic set in this year. Maybe we should blame it on aliens.

The pandemic is a hoax, remember? It's not even real so why are you blaming it?

And the hoax that never happened hadn't even set in in February, when the recession started. That means the negative growth began months before February, back into last year.

Almost as if they were some kind of knock on to a decision, or series of decisions, taken prior to that, that would have resulted in less income like taxes coming into the government's coffers and what was coming in not being spent in a beneficial manner.

It took him 3 years but he managed to destroy the economy Obama built, and all this recession cost the US was another $5bn and counting on the national debt.

I'm beginning to see why Americans are really beginning to get tired of all this winning. Sh*t is expensive!

Professor Moriarty

notobtuse wrote: »

Yet the tax cut was introduced in November 2, 2017 and the economy, jobs and wealth kept increasing until the pandemic set in this year. Maybe we should blame it on aliens.

Indeed. Wealthy shareholders got wealthier. And the deficit increased hugely. And workers' real wages decreased. Pity the aliens weren't in charge.

notobtuse

Carfacemandog wrote: »

The pandemic is a hoax, remember? It's not even real so why are you blaming it?

And the hoax that never happened hadn't even set in in February, when the recession started. That means the negative growth began months before February, back into last year.

Almost as if they were some kind of knock on to a decision, or series of decisions, taken prior to that, that would have resulted in less income like taxes coming into the government's coffers and what was coming in not being spent in a beneficial manner.

It took him 3 years but he managed to destroy the economy Obama built, and all this recession cost the US was another $5bn and counting on the national debt.

I'm beginning to see why Americans are really beginning to get tired of all this winning. Sh*t is expensive!

That doesn’t make sense... but keep going.

Carfacemandog

Dangelo Wooden Test wrote: »

Just as long as he doesn't march down Minn and throw holy relics at the locals,

Well, f*ck...

4068ac1elhodqr

Quin_Dub wrote: »

A rising Stock market no longer aligns with a growing economy

Stock markets are indicative, and Job figures certainly are accurate.
https://www.ft.com/content/30995608-48b3-48a2-98e6-dd4e89d7bad7

Unemployment rate in US falls unexpectedly to 13.3%. Markets rally as economy adds 2.5m jobs in May to ease concerns over coronavirus impact.

But, guess you can google search any results, to suit any narrative, to push for any agenda.

In other similar news, when it rains, the rain isn't always wet.
Dry rain is a real curse, you have the umberella up and ready, then nothing.

Professor Moriarty

Carfacemandog wrote: »

Well, f*ck...

At least he still has the Wasp vote.

kilns

Dangelo Wooden Test wrote: »

Stock markets are indicative, and Job figures certainly are accurate.
https://www.ft.com/content/30995608-48b3-48a2-98e6-dd4e89d7bad7

Unemployment rate in US falls unexpectedly to 13.3%. Markets rally as economy adds 2.5m jobs in May to ease concerns over coronavirus impact.

But, guess you can google search any results, to suit any narrative, to push for any agenda.

In other similar news, when it rains, the rain isn't always wet.
Dry rain is a real curse, you have the umberella up and ready, then nothing.

Eh does someone want to tell him?

4068ac1elhodqr

Carfacemandog wrote: »

Well, f*ck...

Polls are great when playing football, to create goalposts, that's mainly it.


Oh, and when doing the pole (another type of poll) vault at de olympics.


Has Biden jumped on the anti-abortion train yet?
Cause that's likley all that matters to the RC's on voting day over there.

Professor Moriarty

Dangelo Wooden Test wrote: »

Stock markets are indicative, and Job figures certainly are accurate.
https://www.ft.com/content/30995608-48b3-48a2-98e6-dd4e89d7bad7

Unemployment rate in US falls unexpectedly to 13.3%. Markets rally as economy adds 2.5m jobs in May to ease concerns over coronavirus impact.

But, guess you can google search any results, to suit any narrative, to push for any agenda.

In other similar news, when it rains, the rain isn't always wet.
Dry rain is a real curse, you have the umberella up and ready, then nothing.

When you borrow 3 trillion dollars, on top of a trillion dollar deficit, you're going to generate a few McJobs. I'm sure the next generation will enjoy paying off the loans.

Carfacemandog

Dangelo Wooden Test wrote: »

Polls are great when playing football, to create goalposts, that's mainly it.


Oh, and when doing the pole (another type of poll) vault at de olympics.


Has Biden jumped on the anti-abortion train yet?
Cause that's likley all that matters to the RC's on voting day over there.

Nah I'm pretty sure not gassing their priests is of slight concern to them too.

It's pretty funny that you picked something he may as well have already done, and now doing that seemingly doesn't matter anymore eh?

4068ac1elhodqr

Professor Moriarty wrote: »

When you borrow 3 trillion dollars, on top of a trillion dollar deficit, you're going to generate a few McJobs. I'm sure the next generation will enjoy paying off the loans.

Am sure they will all benefit of a fiscal resuce package (supported by all sides), in light of the 'unexpected' Chinese WuFlu, that wasn't in the manifesto or pre-planned for.

The alternative would be to sit on yer hands. (Not exactly a deal maker decision).

Sure maybe Don will stick a crystal ball on the WH desk going forward into 2021, for when the next COVID surfaces out of L4 in Wuhan or somewhere to prevent a repeat of the (global) incident.

Professor Moriarty

Dangelo Wooden Test wrote: »

Am sure they will all benefit of a fiscal resuce package (supported by all sides), in light of the 'unexpected' Chinese WuFlu, that wasn't in the manifesto or pre-planned for.

The alternative would be to sit on yer hands. (Not exactly a deal maker decision).

Well, the ordinary worker and the poor didn't benefit from the corporate tax cut in 2017 (surprisingly his billionaire cronies benefited most) so guess what's gonna happen with the stimulus... A stimulus that is more than the past 5 years' deficits combined.

Sure maybe Don will stick a crstal ball on the WH desk going forward into 2021, for when the next COVID surfaces out of L4 in Wuhan or somewhere to prevent a repeat of the (global) incident.

That would be great. Maybe then he won't decimate the Centre for Disease Control and the National Institutes of Health like he did prior to this pandemic.

4068ac1elhodqr

Professor Moriarty wrote: »

Well, the ordinary worker and the poor didn't benefit from the corporate tax cut in 2017 (surprisingly his billionaire cronies benefited most) so guess what's gonna happen with the stimulus... A stimulus that is more than the past 5 years' deficits combined.

And if the Dems had any actual balls or sense, or didn't want to operate on the back of corporate influence, and look after the small man...

..Why didn't they choose the other (best candiate of all (both sides)), offering an effective UBI that aids the little people more than the billionaires, and prepares a nation for the 4th industrial reveloution.

But no, instead they choose a suited stiff, with occasional bleeding eyes, and the persona of a cardboard cut out (but just, more creepy).

Carfacemandog

Professor Moriarty wrote: »

At least he still has the Wasp vote.

All you need for the Evangelical vote in the US is to make it clear you dislike black people more than your opponent. The religious right they make up such a large contingent of is literally a reactionary movement to losing the civil rights movement and having to share their schools with black kids.

notobtuse

Carfacemandog wrote: »

All you need for the Evangelical vote in the US is to make it clear you dislike black people more than your opponent. The religious right they make up such a large contingent of is literally a reactionary movement to losing the civil rights movement and having to share their schools with black kids.

So disgusting and untrue statements. And with that I can no longer stand to read any more.

Silentcorner

Carfacemandog wrote: »

All you need for the Evangelical vote in the US is to make it clear you dislike black people more than your opponent. The religious right they make up such a large contingent of is literally a reactionary movement to losing the civil rights movement and having to share their schools with black kids.

What a small mind you have!!