TimeIsUp wrote:
BLeP wrote:
I think that you are missing the whole point of this thread. Trump and his acolytes are claiming that he is fucking awesome because of the economy. The economy is great because of Trump.
If/when the economy goes to shit, that's also on him. He owned the upswing, he also owns the downswing.
Now continue on with your silly "Presidents don't affect the economy on a grand scale" banter. Obviously they don't but that isn't the point.
I wouldn't be so quick to dismiss trade disputes with China and calling out the Fed to decrease rates faster not affecting the economy on a grand scale. He IS trying to affect the economy on a grand scale.
Trump just tweeted:
"The United States is now, by far, the Biggest, Strongest and Most Powerful Economy in the World, it is not even close! As others falter, we will only get stronger. Consumers are in the best shape ever, plenty of cash. Business Optimism is at an All Time High!"
Hate to break it to him, but the Philly Fed Business Outlook survey is not at an all time high, and nor is the NFIB Small Business Optimism Index, so not sure which survey he's looking at. I guess it could be that he's not telling the truth...
Still, it seems that he wants to take credit for this fabulous economy we are enjoying, so I'm puzzled why he's so desperate for the Fed to cut rates.