Who can beat Trump?

Who will you vote for in 2020

  • Trump

    Votes: 11 33.3%

  • Sanders

    Votes: 9 27.3%

  • Warren

    Votes: 6 18.2%

  • Biden

    Votes: 7 21.2%
  • Total voters
    33
hotrodharley

hotrodharley

Well-Known Member
“I don’t think we’re having a recession,” Trump told reporters as he returned to Washington from his New Jersey golf club. “We’re doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they’re loaded up with money.””

He’s not the only rich blind bastard. It’s absolutely impossible to get someone who’s never been hungry to feel what it’s like. The pain, the uncertainty over everything. He’s obviously ignorant that 60% of the families in the USA can’t cover a $1000 emergency. Rich fucks simply cannot understand it and further they don’t want to. It’s far easier and much cheaper to be willfully and greedily ignorant.

Today the talk from Dimon and friends is corporations have to divest from focusing solely on heavy profits all to shareholders. This is a concrete sign they sense a huge recession. Talk of any kind of sharing anything.
 
hotrodharley

hotrodharley

Well-Known Member
“President Donald Trump raised his demands Monday on the Federal Reserve, calling for the central bank to cut interest rates by a full percentage point and to restart its crisis-era money-printing program.

In a pair of tweets again aimed at getting easier monetary policy, the president said the Fed has been hampered by a “horrendous lack of vision” and said it should institute 100 basis points worth of reductions in its benchmark rate.”

More extreme financial genius shit from the guy who inherited almost a half billion as a fucking punk and lost it all. Not discouraged he forged bravely ahead risking loss after loss until the banks in the USA figured out he was actually a loser and not just a rich guy on a losing streak.

Recession is coming and everything points to it.

https://www.cnbc.com/2019/08/19/trump-says-fed-should-cut-rates-by-at-least-1percent-with-perhaps-some-quantitative-easing.html
 
hotrodharley

hotrodharley

Well-Known Member
The fuck gets off the chopper on the White House lawn after an exhaustive weekend of taxpayer funded golf at his private club stating consumers are “rich” and have lots of money thanks to him.

Gets on Twitter claiming just the opposite.
 
Jimdamick

Jimdamick

Well-Known Member
hotrodharley said:
Now talk of a temporary payroll tax cut. And Kuntlow says that 10% middle class tax cut is still on the table. Just waiting for the election to get closer.
Click to expand...


The average American household (not counting farmers) will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December.

“What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.”

Well, so much for tax savings for the average American family that came from his fucked up tax bill.
And it ain't over yet, because his holding off on more tariffs only lasts until Xmas, then another 20% kicks in.

He's doing EXACTLY what he has done throughout this fucked up existence, bankrupt businesses, but this time he's doing it to the average American consumer and possibly the entire fucking World.
 
hotrodharley

hotrodharley

Well-Known Member
Jimdamick said:


The average American household (not counting farmers) will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan. The firm estimates the average annual tariff cost per household will increase from $600 from the first two rounds of tariffs. The new tariffs are scheduled to begin Sept. 1 and in mid-December.

“What distinguishes China Phase III tariffs from preceding tariffs is the impact to Consumption and Capital goods whereas previous tariffs focused more on Intermediate goods,” J.P. Morgan head of U.S. equity strategy Dubravko Lakos-Bujas said in a note to clients. “This suggests that the expected consumer impact should be larger in the latest round.”

Well, so much for tax savings for the average American family that came from his fucked up tax bill.
And it ain't over yet, because his holding off on more tariffs only lasts until Xmas, then another 20% kicks in.

He's doing EXACTLY what he has done throughout this fucked up existence, bankrupt businesses, but this time he's doing it to the average American consumer and possibly the entire fucking World.
Click to expand...
“The numbers: The U.S. factory sector declined in the three months ended in June, the second straight quarterly decline, the Federal Reserve said Tuesday.

For the second quarter, production was down 1.2% after a 1.9% decline in the first three months of the year. Manufacturing fell at a 2.2% rate in the second quarter after a 1.9% drop in the first three months of the year.”

Manufacturing is already in recession here. This is from July. I heard an economist opining Friday that adjusted figures are even worse. He said that the tariffs were a key factor.

“U.S. manufacturing ‘is in recession,’ Fed’s data show”

https://www.marketwatch.com/story/us-industrial-production-slumps-in-second-quarter-2019-07-16
 
hotrodharley

hotrodharley

Well-Known Member
“American consumers are flexing their muscles, and that's helping to save the economy from even slower growth as it faces what could be a more protracted trade conflict with China.

Spending data, released Tuesday, showed consumers last month went on a shopping spree for apparel; ate at restaurants and bought cars at a faster-than-expected pace. Retail sales for June rose 0.4%, more than the 0.1% expected by economists. This contrasts to sluggishness in manufacturing data and weaker business investment spending.”

Wait until they stop.

https://www.cnbc.com/2019/07/16/the-us-consumer-is-keeping-the-economy-from-tanking.html
 
S

schuylaar

Well-Known Member
well, right now they're saying it's Biden, Sanders and Warren, that beat him hands down unlike Cllinton who was within margin of error- the one poll that was totally spot on even though Sanders was +13..and yet Sanders was un-electable- un-electable according to media more like it..garbage in; garbage out.

let's take a stroll down 2016 memory lane..shall we?

Polls find Sanders, not Clinton, has better chance against Trump

https://www.thestate.com/news/databases/article77396342.html
 
Fogdog

Fogdog

Well-Known Member
schuylaar said:
well, right now they're saying it's Biden, Sanders and Warren, that beat him hands down unlike Cllinton who was within margin of error- the one poll that was totally spot on even though Sanders was +13..and yet Sanders was un-electable- un-electable according to media more like it..garbage in; garbage out.

let's take a stroll down 2016 memory lane..shall we?

Polls find Sanders, not Clinton, has better chance against Trump

https://www.thestate.com/news/databases/article77396342.html
Click to expand...
your kind only like polls that confirm their preconceived belief.

Sanders was unelectable, is unelectable and will always be unelectable. His stupid healthcare bill is the capstone on his political tomb but he built the tomb with his almost perfect record of not achieving anything in more than a decade as Senator from Vermont.
 
hotrodharley

hotrodharley

Well-Known Member
“Total revolving debt stands at $1.04 trillion - that's up from $857 billion in 2013. The average interest Americans pay on their cards stands at 16.46%. Demographically, it's Americans roughly from 35-to-65 who have amassed the most credit card debt.Feb 14, 2019”

This is called @crushing debt” and doesn’t include mortgages or student loans or many other forms of debt. There’s no doubt there will be “recession” and the country should be so lucky as for it to be a recession.

https://www.thestreet.com/personal-finance/credit-cards/average-credit-card-debt-14863601
 
hotrodharley

hotrodharley

Well-Known Member
“In 2014, there was approximately $1.3 trillion of outstanding student loan debt in the U.S. that affected 44 million borrowers who had an average outstanding loan balance of $37,172. As of 2018, outstanding student loan debt totals 1.5 trillion.”

So basically Americans owe $2.5 trillion in just credit card debt and student loans.
 
hotrodharley

hotrodharley

Well-Known Member
Auto loans $1.4 trillion and 7,000,000 were 90 days or more past due. The amount of debt is incredible. Yet Americans keep spending and this whole economy is contingent on that spending. So when the bottom falls out, again like it historically does and must under the principles of capitalism, this huge ocean of debt will start drowning people. Watch for people to go to jail for a repo.
 
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