The Donald Trump Score Card

I'm not white so I don't know about having enough money to save.

 

The fed is now trying to counter the uncertainty and displacement effects of Trump's trade war by lowering rates.

Powell said it in a roundabout way so as to not cause a Trump temper tantrum.



The Fed’s real message: Save the economy from Trump
The central bank is expected to cut rates this week in part to offset President Donald Trump’s trade war.
By BEN WHITE and VICTORIA GUIDA
07/30/2019 05:05 AM EDT

The Fed’s real message: Save the economy from Trump

excerpt:

"The impact of Trump’s trade wars are starting to weighing on some corporate earnings like those of equipment maker Caterpillar, Apple and chip-maker Nvidia, among others. Economists fear it could get worse.

“Trump’s trade policies are starting to show up in corporate balance sheets,” said Joseph Brusuelas, chief economist at consulting firm RSM. “In the third quarter you’d expect to see profit-margin compression across a wider array of earnings reports and the consumer will feel it, which could cause a pullback in consumption. That’s where the problem is for the White House.”

Businesses are also becoming less bullish about future growth, in part because they are uncertain how they will be impacted by tariff policy. The National Association for Business Economics on Monday reported that in its latest survey, members said they believed growth will slow and corporate sales and profits will decline this year.

Inside the survey, 56 percent of goods-producing firms said they had altered supply chains in response to trade policy and 38 percent said they’d delayed investments.

The Fed will likely step into this slowdown scenario on Wednesday with a rate cut of at least a quarter point and perhaps as much as a half a point. Trump already predicted on Monday that whatever it does will not be enough for him."

 

The Fed’s real message: Save the economy from Trump

excerpt:

"“The biggest risk to growth for the economy is the uncertainty as to where economic policy is headed,” said Steven Ricchiuto, chief U.S. economist at Mizuho Securities USA. “And it’s not as if the Fed can fix some of these problems related to uncertainty caused by the administration and these global-related issues.”

There is also some fear that the Fed cutting interest rates will keep investors searching for investments that offer a higher rate of return. These so called “high yield” investments include lower-grade corporate debt and high-risk loans that have risen in volume in recent years and could create significant problems if a sharper slowdown forces defaults.

“The lack of credit is not the problem in the global economy,” Yardeni said. “Central bankers are convinced they can fix problems, when in fact they can’t. And the reach for yield is starting to get borderline insane with the lack of covenants in bonds and loans. I’m starting to get a little feeling of deja vu all over again.”"

 

After a hastily arranged attempt at a news conference in Baltimore, Ben Carson blamed Baltimore for animosity (after Trump's animosity statements about Baltimore).

Like he has done to others, Trump will probably demand an apology from Baltimore for supposedly being racist to him.



U.S. Housing Secretary Carson decries Baltimore 'animosity' after church boots news conference from property
By Pamela Wood and Lillian Reed
Baltimore Sun
July 31, 2019

U.S. Housing Secretary Carson decries Baltimore ‘animosity’ after church boots news conference from property

 

Winning...

 

Trump Says U.S. Will Hit China With More Tariffs
By Alan Rappeport
Aug. 1, 2019

Trump Says U.S. Will Hit China With More Tariffs

excerpt:

"WASHINGTON — President Trump escalated his trade war with China on Thursday, saying that the United States would impose a 10 percent tariff on an additional $300 billion worth of Chinese imports after China failed to keep its promise to buy more American agricultural products.

Mr. Trump, who had agreed in June not to impose more tariffs while the two sides tried to reach a trade deal, said on Twitter that the new tariffs would go into effect on Sept. 1. Those new levies would be in addition to the 25 percent tariff that has already been imposed on $250 billion of imports and would essentially tax all Chinese products sent into the United States."

 

It sounds like Trump waited for Powell's interest rate reduction announcement yesterday before he announced a day later his extra tariffs on China. Apparently, he is hoping the rate reduction will offest the damaging effects of extra tariffs on the U.S. economy.

 

Didn’t work.

 

Have I got this right - Trump is offering to help Russia with its wildfires but threatening California with reductions in federal money to help it fight wildfires

Just what is on that Moscow hotel tape…

 

Donald Trump's business and private accounts ???

 

Kellyanne Conway just responded to Nicki Healy with a tweet that shows Trump in small letters and Pence in capitol letters: Trump&PENCE2020

 

Is KellyAnne still drinking?

 

More likely Trumps rendezvous and golden shower tryst with two Russian prostitutes

 

Shouldn't that be: dumb & DUMBER !!!

 

Fixed

 

Trump Drops Plans to Nominate John Ratcliffe as Director of National Intelligence
By Charlie Savage, Julian E. Barnes and Annie Karni
Aug. 2, 2019

Trump Drops Plans to Nominate John Ratcliffe as Director of National Intelligence

excerpt:

"As soon as Mr. Ratcliffe was named, his qualifications came under scorching examination, including that he had embellished his credentials as a former federal prosecutor in East Texas, portraying himself as having deep experience putting terrorists in prison and shaping the George W. Bush administration’s counterterrorism policy.

In fact, while he was given the responsibility of coordinating any terrorism matters that arose for his office — a role every district was required to assign to someone — there were no significant national security prosecutions in that jurisdiction during his tenure, according to former colleagues.

Mr. Ratcliffe, who also briefly served as an interim United States attorney, also exaggerated his role in a major crackdown on the employment of undocumented immigrants by a poultry producer, taking all the personal credit for what was actually a multistate, multiagency operation."

 

Russian Embassy: Trump offers Putin help in fighting Siberian wildfires
By MATTHEW CHOI
07/31/2019 08:03 PM EDT
Updated 07/31/2019 10:36 PM EDT

Russian Embassy: Trump offers Putin help in fighting Siberian wildfires

excerpts:

"President Donald Trump has offered help to Russia in combating wildfires raging in Siberia, the Russian Embassy said on Wednesday."


"Trump’s past comments on combating forest fires at home have also raised eyebrows, garnering criticisms of insensitivity after the president lambasted California’s Democratic leadership for its handling of fires that engulfed the state last fall."

 

Trump loses on two immigration ban gimmicks.


Federal judge strikes down Trump asylum ban
By Clare Hymes, Camilo Montoya-Galvez
August 2, 2019 / 7:03 PM / CBS News

Federal judge strikes down Trump asylum ban

excerpt:

"A federal judge in Washington, D.C. ruled Friday against the Trump administration's initial asylum ban, which was announced last November. Judge Randolph Moss vacated the government's policy barring migrants from claiming asylum if they did not enter the country through designated ports of entry."


"This comes after the Trump administration appealed the temporary injunction put in place by in the Northern District of California, in which the judge ruled that the government cannot withhold asylum from migrants who did not apply for asylum in a third country before coming to the U.S.The policy was part of a more recent, near-total ban asylum ban unveiled July 15."