Trump’s Gravest Mistake

IWB ^ | Daniel Carter

[wardaddy]

No it is not a good point

His platitude about any president succeed and he’s detached about Trump is bull

This writer is a lib

IWB is no pal of Trump

[editor-surveyor]

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This is a thin layer of nonsense to cover up something they are not telling us.
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[OldMissileer]

In general I agree with the basic premise: The first year, belongs to the previous President.

This though may be an exception.

I agree. Usually it takes six months to a year for the new administration's policies to affect the economy but businesses were so suppressed by Obama that as soon as Trump won they knew he was going to be great for our country and things took off like a rocket.

[central_va]

Daniel Carter is an idiot. Trump winning was like turning on a light bulb in a really dark room and everyone began to feel better psychologically. He is pro business and his attitude permeates the private sector. This piece is so moronic and it should not be be taken seriously. Wow. What utter BS.

[publius911]

First of all, Daniel, the word is "minuscule..."

In addition, can you explain why, even before Omugabe's first election the economy tanked? And kept sliding for 8 years?

And by coincidence, After Trump won his primary, what happened to all the markets?
What's your theory?

[Wayne07]

Did you read the article? You didn’t mention the stock market, but Trump has, repeatedly. and it’s going to bite him because there is very little chance it can keep going up the way it has since 2009. Jobs, and real employment are a better measure of the economy than the stock market, so he if he wants to boast, that’s where he should do it. The West Virginia coal miners and Ohio farmers aren’t reaping the reward of the inflated Dow anyway.

[Alberta's Child]

The stock market is driven by profitability, not employment. That's why some companies with few employees are much more profitable -- and generate more revenue -- than others with more employees. Wal-Mart, with 2.1 million employees, has a smaller market capitalization than Apple, with 73,000.

Compare this to the entire coal mining industry in the U.S., which employs about 75,000-80,000 workers.

Did you read the article? You didn’t mention the stock market, but Trump has, repeatedly. and it’s going to bite him because there is very little chance it can keep going up the way it has since 2009.

I did read the article, and the author is a disingenuous moron because he only focused on ONE thing that President Trump has mentioned regularly in his Twitter posts since January. In just the last few weeks, he has posted great news about the following:

- tax cuts
- billions of dollars in deals for U.S. companies with foreign trading partners
- strong consumer confidence
- GDP growth
- low unemployment
- 1.5 million new U.S. jobs since he took office

So take your pick and decide which of these is most important to you. If you think he overlooked something, send him a letter and I'm sure he'll add it to his regular Twitter updates.

This man is America's biggest cheerleader, dude.

[Wayne07]

It isn’t that he missed something, it is that he should drop the incessant stock market bragging, which he not only tweets about, but brings up in nearly every appearance. It is going to go down, it won’t be his fault, and he is going to get blamed. Your semi-accurate description of the stock market values is close enough to understand why it should be set aside as a performance trophy (if it was driven by profitability, then stocks like Tesla and Amazon would be dogs).

[Alberta's Child]

As others have pointed out on this thread, President Trump is going to blamed for any decline in the stock market anyway ... so why not use it to his advantage when he can?

Your semi-accurate description of the stock market values is close enough to understand why it should be set aside as a performance trophy (if it was driven by profitability, then stocks like Tesla and Amazon would be dogs).

Do you think investors own those companies because they like owning "dogs?" Their prices are based on anticipated growth and profitability. Anyone who bought Apple when it was a "dog" in the 1990s is worth a fortune today.

[Wayne07]

Thank you for correcting yourself! You now realize you were wrong, when you said, "stock market is driven by profitability." Of course there are myriad factors, and it isn't just profitability and anticipated growth, but that is a better description (they aren't the same thing in case you are still confused).

Trump will be blamed for everything, but that is no justification to craft sound bites that can specifically be used against him. And there is no real upside to touting the market. The day he has to act in North Korea and the market tanks, he will have tied the ball and chain of the market to his own leg.

[trebb]

Yeah Trump - shut the hell up about your accomplishments so those who “have issues” with you can pretend you had nothing to do with it.....what crap.

[TexasTransplant]

Have to say HG, that blogger is GOOD! Satisfaction like that is Saudi Prince level.