The Trump Presidency – 2016

[Galaril]

Originally Posted by cartman

so I wonder if Edward considers the stock market drop of 1900 points a loss for Trump

Check later he is busy dumping stock.

[Edward64]

Originally Posted by cartman

so I wonder if Edward considers the stock market drop of 1900 points a loss for Trump

Just as I didn't give Trump all the credit for the market highs, I'm not going to give him all the blame in the fall.

Fair and balanced. Try to look at all sides and apply blame proportionately.

[Edward64]

Originally Posted by Galaril

Check later he is busy dumping stock.

Nah. My only speculative stock is SPCE and its a small holding. Everything else I consider pretty good stocks/funds/ETFs and will hold for the long run.

[Galaril]

Originally Posted by Edward64

Nah. My only speculative stock is SPCE and its a small holding. Everything else I consider pretty good stocks/funds/ETFs and will hold for the long run.

That is smart. I just recovered from a divorce 7 years back and remarriage 2 years ago but am going to be reentering the market with my new companies 401k so looks to be a good time to get in this year.

[Warhammer]

Originally Posted by Edward64

Sweet, flooding the market and a nice price war. I do hope the domestic shale oil producers survive though.

Subscribe to read | Financial Times

From talking to some in the industry last year, one of the advantages of fracking is the ability to turn it on and off rapidly. I think the big issue concern with the smaller guys is punching a lot of holes (where the investment largely is), then getting hit with something like this.

The guys I was talking to said most of those smaller guys got out after the last bubble though.

[spleen1015]

Stop worrying guys. Trump's going to fix it, perfectly.

Everything is going to be perfectly OK.

[Kodos]

He's got this locked down. He doesn't want to say locked down, but locked down.

[Edward64]

Originally Posted by Warhammer

From talking to some in the industry last year, one of the advantages of fracking is the ability to turn it on and off rapidly. I think the big issue concern with the smaller guys is punching a lot of holes (where the investment largely is), then getting hit with something like this.

I did read that also where fracking companies can pause. This may be different though because it seems like an all out, no holds barred price war between SA and Russia. I've also read that SA has the lowest costs to produce oil so they'll come out bruised but probably okay.

I do like to think that our oil producing enemies & frenemies in the region will be hit hard and they no longer get to easily build their desert playgrounds, buy expensive cars on the US and world's addiction to their oil (hurry up Elon and like).

[JPhillips]

I've read that there are worries some energy companies are leveraged to a point where a medium-term disruption to prices could cause major problems.

If we had a functioning foreign policy we'd be all over the Saudis right now.

[Edward64]

Originally Posted by Galaril

That is smart. I just recovered from a divorce 7 years back and remarriage 2 years ago but am going to be reentering the market with my new companies 401k so looks to be a good time to get in this year.

Yeah, everything I've read say hold (assuming you have confidence in your portfolio) and play for the long run. But it is hard though to see $X now come down to 15% less ... and likely more losses in the near future.

Because I believe a recession (and a bear market) is overdue after an 11 year bull, I personally think it would be best to get that over with now. Still have a chance to hurt Trump's chances albeit many of the less fortunate will be hurt.

Congrats on your new job and great timing. Getting a new job will be harder in this time of uncertainty.

[cartman]

Originally Posted by Edward64

Just as I didn't give Trump all the credit for the market highs, I'm not going to give him all the blame in the fall.

Fair and balanced. Try to look at all sides and apply blame proportionately.

But you can't be fair and balanced at the same time. That is Fox News bullshit excuse.

You seem to evaluate things in a vacuum, without realizing any side effects. You also don't seem to apply any weight to the situations, treating them all as if they are equal decisions.

[cartman]

This man is truly an idiot

Good for the consumer, gasoline prices coming down!

— Donald J. Trump (@realDonaldTrump) March 9, 2020

[Edward64]

Originally Posted by cartman

But you can't be fair and balanced at the same time. That is Fox News bullshit excuse.

You seem to evaluate things in a vacuum, without realizing any side effects. You also don't seem to apply any weight to the situations, treating them all as if they are equal decisions.

FWIW, the "fair and balance" comment was just to trigger you. I don't watch nor support Fox. My go to was MSNBC Morning Joe until it became endless Trump bashing but now prefer CNN Fareed because he is "calm and respectful" in his comments and to his guests.

I evaluate things in a vacuum and don't apply weight to the situations? On a scale of 1 to 10, where Bernie is a 1 and Trump is a 10, most of this forum are probably 1-3, only one I can think of at 10. I consider myself more on the 6-7 range.

Weird you feel that way but okay, whatever.

[Lathum]

Trump is on fire right now on Twitter.

[kingfc22]

Originally Posted by cartman

This man is truly an idiot

Good for the consumer, gasoline prices coming down!

— Donald J. Trump (@realDonaldTrump) March 9, 2020

Bad at math as well. 22/546 = 4% mortality rate. Probably the wrong numbers to post when you’re leading into a snide “think about that” remark.

Donald J. Trump on Twitter: "So last year 37,000 Americans died from the common Flu. It averages between 27,000 and 70,000 per year. Nothing is shut down, life & the economy go on. At this moment there are 546 confirmed cases of CoronaVirus, with 22 deaths. Think about that!"

[cartman]

He also said he didn't realize that people died from the flu. Take a guess what his grandfather died from.

[Lathum]

Originally Posted by cartman

He also said he didn't realize that people died from the flu. Take a guess what his grandfather died from.

Shame?

[NobodyHere]

Originally Posted by Lathum

Shame?

[Edward64]

Originally Posted by Lathum

Shame?

Yeah, that's a good one.

But wouldn't be surprised if his grandfather was like him.

[albionmoonlight]

There would be a strange irony if the GOP, which for years has motivated people by fear and disgust (i.e. “dirty immigrants”) is undone by people over reacting to disease.

[cartman]

Wiener’s Circle Offers 3-Inch ‘Trump Footlong’ Ahead of Candidate’s Chicago Rally – NBC Chicago

[cartman]

“The fundamentals in this economy are unbelievable.” —HHS Secretary Azar to reporters just now at the White House.

The Trump admin’s top health officials took no questions, said nothing about the health issues around coronavirus and spoke only about the economy.

— Michael C. Bender (@MichaelCBender) March 9, 2020

[albionmoonlight]

If they’re not saying anything, then they can’t be lying.

[BYU 14]

Originally Posted by cartman

“The fundamentals in this economy are unbelievable.” —HHS Secretary Azar to reporters just now at the White House.

The Trump admin’s top health officials took no questions, said nothing about the health issues around coronavirus and spoke only about the economy.

— Michael C. Bender (@MichaelCBender) March 9, 2020

This is what you get when you put someone with no expertise (outside of fellating big pharm) in his field of expertise. Trump could give a fuck about qualifications in his admin as long as you Parrot his message of greatness.

[JPhillips]

Trump has asked the AG to look into media coverage of the coronavirus.

[Edward64]

Interested in the details to paid sick leave & payroll tax holiday. The former is more geared towards hourly employees and it won't help me. The payroll tax holiday might may help me but then at the cost of hurting SSN in the long run and the deficit.

Overall, probably needed for the consumers so won't complain.

[Jas_lov]

Originally Posted by Edward64

Interested in the details to paid sick leave & payroll tax holiday. The former is more geared towards hourly employees and it won't help me. The payroll tax holiday might may help me but then at the cost of hurting SSN in the long run and the deficit.

Overall, probably needed for the consumers so won't complain.

A win for Trump

[Bee]

Originally Posted by Jas_lov

A win for Trump

[Atocep]

Originally Posted by Edward64

Interested in the details to paid sick leave & payroll tax holiday. The former is more geared towards hourly employees and it won't help me. The payroll tax holiday might may help me but then at the cost of hurting SSN in the long run and the deficit.

Overall, probably needed for the consumers so won't complain.

There are no details because Trump pulled it out of his ass to manipulate...i mean...calm the markets yesterday.

https://www.msnbc.com/rachel-maddow-...exist-n1154066

[Edward64]

Originally Posted by Edward64

Interested in the details to paid sick leave & payroll tax holiday. The former is more geared towards hourly employees and it won't help me. The payroll tax holiday might may help me but then at the cost of hurting SSN in the long run and the deficit.

Overall, probably needed for the consumers so won't complain.

Proposal is 0% payroll tax for rest of year.

https://www.cnbc.com/2020/03/10/trum...cials-say.html

President Donald Trump, in a meeting with Republican lawmakers Tuesday on Capitol Hill, pitched a 0% payroll tax rate for employers and employees that would last through the rest of this year, a White House official told CNBC.
:
:
Payroll taxes are paid by employers and employees. They are used to fund Social Security, Medicare and other government programs. For Social Security, employee wages are subject to a 6.2% tax up to $137,700. Workers pay a Medicare tax of 1.45%. Employers match what employees contribute by kicking in 6.2% toward Social Security and 1.45% for Medicare.

[QuikSand]

Originally Posted by Edward64

Proposal is 0% payroll tax for rest of year.[/url]

But the important thing is that it lasts through early November, then fuck 'em.

[Butter]

Intentionally trying to bankrupt Social Security and Medicare.

There's a tactic

[Edward64]

Nothing on sick pay which is needed for the hourly folks.

[NobodyHere]

Originally Posted by Edward64

Nothing on sick pay which is needed for the hourly folks.

If only the Democrats would've came out AGAINST this. Then the Republicans would've passed it in a heartbeat.

Reverse psychology you know.

[NobodyHere]

Originally Posted by Butter

Intentionally trying to bankrupt Social Security and Medicare.

There's a tactic

Aren't they bankrupt already?

This is what our social security fund is like:

[GrantDawg]

Not only for the end of the year, they are also floating making the cuts permenant. How much would that blow up the deficit? Exactly how long before they then push to end Social Security and Medicare?

Sent from my SM-N960U using Tapatalk

[Edward64]

Originally Posted by NobodyHere

Aren't they bankrupt already?

This is what our social security fund is like:

Don't think bankrupt is the right term but point is taken.

That's why we need more babies. And legal immigrants (so easy to make it happen).

[bronconick]

Originally Posted by GrantDawg

Not only for the end of the year, they are also floating making the cuts permenant. How much would that blow up the deficit? Exactly how long before they then push to end Social Security and Medicare?

Sent from my SM-N960U using Tapatalk

January 2021 during Trump's second term

[Edward64]

Originally Posted by GrantDawg

Not only for the end of the year, they are also floating making the cuts permenant. How much would that blow up the deficit? Exactly how long before they then push to end Social Security and Medicare?

Didn't see that in my CNBC link, I can't imagine making the 0% payroll tax cut permanent.

[PilotMan]

I just want to say, it's a good thing we've been pimping this economy with all this stimulus. A trillion a year, so we should easily be able to handle....wait...what did you say? He said, "we're going to spend more...to bail out the economy?"...but, it's the best it's ever been! Surely it can survive this with minimal problems. Besides, bailouts are for Socialists!



So how bad does the deficit get this year?


Does it matter? Or is it still Obama's fault?

[QuikSand]

Originally Posted by Edward64

I can't imagine {doing something really stupid}

The last three years should keep all of us from hanging our hats on phrases that sound like this.

Like... we're totally going to do the trillion dollar coin thing in Trump's second term, aren't we? We definitely are.

[PilotMan]

Originally Posted by QuikSand

The last three years should keep all of us from hanging our hats on phrases that sound like this.

Like... we're totally going to do the trillion dollar coin thing in Trump's second term, aren't we? We definitely are.

Only if he can put his face on it.

[JPhillips]

Trump and the WH have no plan and the GOP Senate doesn't want to write a bill. It's all just pulling things from their backsides in the hope of calming the markets.

We'll eventually pass something, but I wouldn't get too worked up about any of the ideas being floated by the WH.

[Butter]

Originally Posted by QuikSand

The last three years should keep all of us from hanging our hats on phrases that sound like this.

Like... we're totally going to do the trillion dollar coin thing in Trump's second term, aren't we? We definitely are.

I've already stocked up on wheelbarrows so I can get bread.

[QuikSand]

This will go viral quickly, for sure... good synthesis, and well put...

Here’s the truth...I’m a straight, white, christian, educated American male who makes a fuckton of money. Elections can’t even touch me. Fuck it, vote for Trump. Or ignore Biden because your favorite Grandpa didn’t get the nod. Go for it. I still win. Trump is a plus for me. 1/

— Granite (@oneminutecall) March 11, 2020

[Edward64]

Originally Posted by Butter

I've already stocked up on wheelbarrows so I can get bread.

Easy to bake bread. Stock up on flour instead.

Mix flour, yeast, warm water, salt. Let it rise 4-5 hours. Knead & shape it with a little more flour, brush & coat it with egg. Let it sit for 30-40 min. Bake at 375 for 40 min.

And viola, you have bread.

[Lathum]

Originally Posted by QuikSand

This will go viral quickly, for sure... good synthesis, and well put...

Here’s the truth...I’m a straight, white, christian, educated American male who makes a fuckton of money. Elections can’t even touch me. Fuck it, vote for Trump. Or ignore Biden because your favorite Grandpa didn’t get the nod. Go for it. I still win. Trump is a plus for me. 1/

— Granite (@oneminutecall) March 11, 2020

This is great. I totally relate to that guy, minus the fuckton of money and desire to buy a boat.

[RainMaker]

For an economy that I have been repeatedly told is the strongest it's ever been, the administration sure is freaking the fuck out about the markets dropping. A week and a half of negative returns and we have massive tax cuts and bailouts on the table.

[Warhammer]

Originally Posted by RainMaker

For an economy that I have been repeatedly told is the strongest it's ever been, the administration sure is freaking the fuck out about the markets dropping. A week and a half of negative returns and we have massive tax cuts and bailouts on the table.

The main thing Trump has been hanging his hat on is how the economy has been going. If we go into a recession, he can't hang hit hat on that, and he is worried about getting re-elected.

[RainMaker]

Markets now down 20% for its high. Official end to the 11-year bull market. Just going to avoid looking at my IRA for awhile.