Trumps Beginning of the end

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I suggest you talk to some Americans. America is sitting on the cusp of the longest bull run in history, with a wide range of ordinary people reaping the benefits in employment (with unemployment at 3.9% an 18 year low - and within sight of getting back to a 60 year low), pensions growth, investment growth, and general prosperity.

Going back to my original comment, James Carvill got Bill Clinton elected and re-elected on one very simple slogan. Americans don't care about the "noise" in Washington, they care about personal prosperity, and their perception is that Trump is delivering on the Economy.

As I said, I don't like the man, who is the product of a poor Republican candidate selection process, which trumped an even poorer decision to run with the unpopular wife of a seriously disgraced ex-President. The issue is that he has delivered on the Economy and there's not a single candidate out there who looks able to challenge his economic record and win in 2020.

(Personally, my preferred candidate would be Elizabeth Warren, but I'd be amazed if she actually ran, let alone ran and won)




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But, so what.

During a bull run your investments and pensions may rise and rise...but when that ends there is a correction. So, unless you are going to cash in your chips before the end of the run and then buy back again after you will be no better off. And, trying to beat the market is a sure fire loser for anybody but those with there actual finger on the actual button capable of making trades at just the right moment.

How many people actually manage their pension funds in a micro manner...less than 1% I'd say...and of that how many actually get it right?
 
But, so what.

During a bull run your investments and pensions may rise and rise...but when that ends there is a correction. So, unless you are going to cash in your chips before the end of the run and then buy back again after you will be no better off. And, trying to beat the market is a sure fire loser for anybody but those with there actual finger on the actual button capable of making trades at just the right moment.

How many people actually manage their pension funds in a micro manner...less than 1% I'd say...and of that how many actually get it right?

I would also guess that for the majority of the US electorate this is pretty much irrelevant. These are the people who have no healthcare, pension or investments and are just interested in having employment and improving their quality of life.
These are the people that Trump is appealing to.

But, economics is obviously affected by many factors and a strong economy for the 1% usually has a positive impact for those at the lower end of the income spectrum in reduced unemployment etc.
 

What we have here is a series of conflicting narratives.
A few facts-
1. the Longest US bull run in history started just after the world financial crisis 2008-2009 where the US financial sector had secretly dumped a lot of its toxic debt into the world's banking system. UK austerity/" there's no money left" / zero interest rates / burgeoning levels of debt etc etc ---we are still trying to balance the books after bailing out the UK banking system back then.
2. It's down to the "TRUMP effect" ? ---whereas the bulk of this stock market growth took place under the stewardship of Obama 2009-2017. Remember Obama the black dude of questionable US citizenship, who wanted increased gun control and access to health care for the poorer sectors in society and whose foreign and trade policies didn't put "America First" - well ---- not according to that stock market index???
3. This is standard TRUMP take credit for someone else's success and blame others if things go wrong- just like he blamed the failure of his Casino business on 3 executives who had previously died in an 1989 helicopter crash.
The Down Side of the Donald

4. Trump's electoral success supposedly depended on the ordinary voter who felt that they were being left on the economic shelf by the "liberal ruling elites" But again how does that square with stock market growth and "increased employment" prior to his election. The explanation may lie in the fact that much of the stock market growth lies with the dot.com boom of internet technology companies headquartered in the Santa Clara valley and whose manufacturing if any is contracted out to the third world. The wealth created by these companies is focussed on a few very well paid individuals and stockholders with most of their "employment" created in the gig economy a labour market characterised by the prevalence of low paid short-term contracts or freelance work, as opposed to permanent jobs. Little distribution of wealth- trickle down economics there particularly when these companies use every dodge in the book to avoid paying a fair tax contribution to the societies from which they derive their wealth.

5 And that's perhaps the Ponzy scheme Trump is guilty of selling to the working man of America- a return to a kind of American economy that no longer exists? :dk:
 
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In other news it’s sad day for McCain, he has been at odds with many democrats and the establishment over the years but never will you find a more humble and dignified bloke!
 
In other news it’s sad day for McCain, he has been at odds with many democrats and the establishment over the years but never will you find a more humble and dignified bloke!

He's supposed to be at odds with many Democrats.

He's a Republican.
 
He's supposed to be at odds with many Democrats.

He's a Republican.

My point being the current POTUS could learn a lot from being able to have a different opinion but being dignified and gracious about it!
 
I would also guess that for the majority of the US electorate this is pretty much irrelevant. These are the people who have no healthcare, pension or investments and are just interested in having employment and improving their quality of life.
These are the people that Trump is appealing to.

But, economics is obviously affected by many factors and a strong economy for the 1% usually has a positive impact for those at the lower end of the income spectrum in reduced unemployment etc.

Well, it's true that about quarter of Americans have a net worth less than my cat. (see the Credit Suisse Global Wealth Report) But it's a mistake to think that Republican and middle class voters don't have an interest in the Economy. These aren't Brits. They have debts, borrowing, but they believe in the investment products as well.

More than half of all American families own stocks - in retirement plans or directly

A quarter of Americans hold stocks and mutual funds directly.

There's no fancy European social security system - Americans need savings and work - all the way to their late 60's, so they have a vested interest in employment, in a way that Europeans don't.

(BTW - to repeat something I've already said: I can't stand the man, I agree that Booms are followed by "corrections," etc etc.... The question is how does the American voter look at him, and is there any alternative?


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....There's no fancy European social security system - Americans need savings and work - all the way to their late 60's, so they have a vested interest in employment, in a way that Europeans don't...

I would add to that the cruel reality that in the US without employment you have no healthcare.

Obamacare tried to address this issue to some extent, but the reality is that being on the dole in the US is a nightmare - and not a lifestyle choice like it is in large parts of Western Europe.

So yes, Americans care very much about employment.
 
US Senator John McCain dies aged 81
And in the words of that famous draft dodger /combat veteran? :rolleyes: Donald Trump

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Can I just say that that whatever you think of his politics and all the political shenanigans surrounding him one thing shines out clearly--- as an individual --- Donald Trump is a total *rsehole
 
Can I just say that that whatever you think of his politics and all the political shenanigans surrounding him one thing shines out clearly--- as an individual --- Donald Trump is a total *rsehole

This was on the news tonight, totally unprofessional, what decent man slags off a deceased war hero and makes this kind of statement. Pretty low standards even for a politician, although that is the problem maybe he is not a politician just a businessman who is not used to being told no.

I think the mouth is faster than the brain!
 
At least McCain was there to be captured, not draft dodging at home figuring out how to scam students.
 
At least McCain was there to be captured, not draft dodging at home figuring out how to scam students.

It's not just a Trump thing. Apart from Obama, three of the most recent four US presidents were of the age to be drafted during the Vietnam War and all three avoided it.

Trump used multiple academic deferments and one medical one, Bill Clinton used a college deferment whilst George W. Bush used family influence to ensure a cushy National Guard posting where he learned to fly but never had to go off to war.

Disproportionate numbers of draftees were from poorer backgrounds whilst middle-class / wealthy white kids like those three had a much greater chance of staying at home.
 
Quite ironic that McCain is now being held up as some sort of saint when it was he who took the lid off the Genie bottle when he picked that nutter Sarah Palin as running mate in 2008; definitely one of the points along the way that opened the door for Trump by feeding those lunatics in The Tea Party.
 
"I don't like losers... He's not a war hero... He's a war hero because he was captured. I like people that weren't captured."

Not suggesting by any stretch of the imagination that we should think less of ANY soldier who ended-up in a POW camp.... but for crying out loud McCain's plane was shot down over eneny territory! How much more cynic than that can you get? Suggesting that a downed airman is somehow less of a soldier. I know that Trump is popular with the military and law enforcement officers, but I can't understand how this remark of his went unchallenged by them.
 
"I don't like losers... He's not a war hero... He's a war hero because he was captured. I like people that weren't captured."

Not suggesting by any stretch of the imagination that we should think less of ANY soldier who ended-up in a POW camp.... but for crying out loud McCain's plane was shot down over eneny territory! How much more cynic than that can you get? Suggesting that a downed airman is somehow less of a soldier. I know that Trump is popular with the military and law enforcement officers, but I can't understand how this remark of his went unchallenged by them.

I have a couple of American friends and both are disgusted with Trump's attitude and dismissal of McCain. They are both Republican voters too.
 
I have a couple of American friends and both are disgusted with Trump's attitude and dismissal of McCain. They are both Republican voters too.

It's a shame those two let their delegates select Trump, over the other candidates. And they will automatically reselect him in 2020 so that he can serve eight years.

Still could have been worse: if female Democrat Obama voters hadn't switched to voting Republican, the unpopular female Old Aged Pensioner, and her "misbehaving" husband would be in the White House - and that really would have been another witch's cauldron.

Politics: you choose one clown over another, because no-one else will run.

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When will the American people realise they elected a crook to the Oval Office?

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