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Why Trump is Bad for Business
Fortune ^ | November 18, 2019 | Geoff Colvin

Posted on 12/07/2019 12:57:14 PM PST by Bon mots

Edited on 12/07/2019 1:19:24 PM PST by Jim Robinson. [history]

Within moments of Donald Trump’s upset victory in the 2016 election, investors began stampeding into the shares of America’s steelmakers. After all, this was a business he had explicitly pledged to rescue. “Your steel industry—we’re bringing it back, bringing it back, folks!” he had promised a wildly cheering crowd in Pittsburgh the previous April. So when trading opened the morning after election day, the buy orders were stacked high and prices began to rocket. By week’s end the S&P 500 was up 2%, but Steel Dynamics was up 13%, Nucor up 14%, Pittsburgh’s own U.S. Steel up 23%. For a Rust Belt industry in distress, deliverance had apparently come.


(Excerpt) Read more at fortune.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: fakenews; hatchetjob; mediahack; msm
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Another left-wing media hatchet job trying to scare people about the economy.

Fortune is now off my reading list along with other MSM rubbish.

I hope they fold.

1 posted on 12/07/2019 12:57:14 PM PST by Bon mots
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To: Bon mots

2 posted on 12/07/2019 12:58:14 PM PST by Bon mots
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To: Bon mots

Every silver lining has a dark cloud, doesn’t it, Geoff?


3 posted on 12/07/2019 12:58:58 PM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Bon mots
They better pick up the pace on impeachment to save us from the looming recession. 😵😲😂
4 posted on 12/07/2019 12:59:45 PM PST by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: Bon mots

Lowest unemployment, best stock market in years with a commercial construction boom and Trump is bad for business?

What are these people smoking?


5 posted on 12/07/2019 1:02:22 PM PST by Rebelbase
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To: Bon mots

If this present economy is bad for business, I’ll take a double helping of whatever the President is passing out.

This bloviating economist blivets are actually insane.

They know little of the growth potential of our country
and its exponential patterns.


6 posted on 12/07/2019 1:05:27 PM PST by Candor7 ((Obama Fascism)http://www.americanthinker.com/articles/2009/05/barack_obam_the_quintessentia_1.html)
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To: Rebelbase

FAKE NEWS!!!!!!!!!


7 posted on 12/07/2019 1:05:57 PM PST by mplc51
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To: Rebelbase
What are these people smoking?

Pot.

8 posted on 12/07/2019 1:06:29 PM PST by Jeff Chandler (BLACK LIVES MAGA)
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To: Bon mots
Dear Morons at Fortune

Business in the USA is not defined but what Hedge Fund billionaires want.

Your article demonstrates an almost total lack of any real competence on this topic. Stop lying and simply admit what you are really arguing. Trump is bad for the globalist outsource gods your sort have been worshiping for the last 30 years. What some people have called “the cheap labor express to economic hell”

The fact of the matter is the US People are winning and the billionaire hedge fund mangers are losing for a change

It's a Middle-Class Boom

https://www.realclearpolitics.com/articles/2019/10/15/its_a_middle-class_boom_141497.html

9 posted on 12/07/2019 1:07:17 PM PST by MNJohnnie (They would have to abandon leftism to achieve sanity. Freeper Olog-hai)
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To: Rebelbase

Bad for the people who made multi billions of dollars outsourcing every possible job for the last 30 years is what they are actually whining about.


10 posted on 12/07/2019 1:09:04 PM PST by MNJohnnie (They would have to abandon leftism to achieve sanity. Freeper Olog-hai)
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To: Bon mots

Cramer: Like or hate Trump, ‘these are the best numbers of our lives’ on jobs
CNBC ^ | 12/06/2019 | Matthew J. Belvedere
Posted on 12/6/2019, 5:42:14 PM by Kid Shelleen

CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation.

“You can’t contradict that these are the best numbers of our lives. You can’t,” Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month.

“People don’t want to say good things” about the economy, said Cramer, echoing comments he made Thursday evening on “Mad Money,” telling investors: “Don’t let the armageddonists and the negativists and the hucksters scare you away from owning stocks.”

Referring to Trump, Cramer said Friday on “Squawk Box,” shortly after the jobs report was released, “It doesn’t matter whether you hate him or like him, these are real numbers.”

“This is the best number I’ve ever seen in my life,” Cramer said, zeroing in on the unemployment rate. “Fifty years ago, that number was a curse. Now it’s a blessing.” He added, “I don’t see inflation. I don’t see recession.”

(Excerpt) Read more at cnbc.com …

http://freerepublic.com/focus/f-news/3798982/posts


11 posted on 12/07/2019 1:14:02 PM PST by Grampa Dave (Lincoln: "The Founders did not make America racist or slaver. They inherited it, that way!")
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To: Bon mots

Wtf is this dude smoking ??


12 posted on 12/07/2019 1:15:55 PM PST by onona (Just tell me where to muster, I'll bring my shit)
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To: Bon mots
Just another forum pressing the elite's disdain over the tariffs that are wrecking the profits they were reaping in from their cheap labor arrangements with China.

President Trump upset their status quo and they want to go back to the way it was and to hell with American jobs, American security, and American prosperity.

These cretins don't care at all about what is good for the country in the near or long term.

13 posted on 12/07/2019 1:16:55 PM PST by Pox (Good Night. I expect more respect tomorrow.)
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To: Bon mots

business as usual.


14 posted on 12/07/2019 1:20:14 PM PST by conservative98
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To: Bon mots

“Fortune” mag rag is a fake. It poses as a financial magazine, but actually promotes a leftist agenda.


15 posted on 12/07/2019 1:20:45 PM PST by I want the USA back (If free speech is taken away, dumb and silent we are led, like sheep to the slaughter: G Washington)
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Upset globalists


16 posted on 12/07/2019 1:20:52 PM PST by Gene Eric (Don't be a statist!)
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To: Bon mots

So 3 years of Peace and prosperity for all Americans sure does suck. Employment at the highest levels. Wages at the highest levels. Stock market at the highest levels. Military losses at the lowest levels. What a nightmare. One thing we can’t stand is peace and prosperity.


17 posted on 12/07/2019 1:22:42 PM PST by poinq
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To: Bon mots

Geoff Colvin is another elite left loser in America.

Loserthink by Scott Adams: 9780593083529 ...
https://www.penguinrandomhouse.com › books › loserthink-by-scott-adams

About Loserthink From the creator of Dilbert and author of Win Bigly, a guide to spotting and avoiding loserthink: sneaky mental habits trapping victims in their own bubbles of reality.

If you’ve been on social media lately, or turned on your TV, you may have noticed a lot of dumb ideas floating around.

Colvin is so full of Trump Hatred, he is incapable of any positive thoughts.


18 posted on 12/07/2019 1:23:05 PM PST by Grampa Dave (Lincoln: "The Founders did not make America racist or slaver. They inherited it, that way!")
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To: Bon mots
Folks, this article from last year explains a LOT...

A Mysterious Thai Businessman Just Bought Fortune Mag for $150 Million

If you get a chance, read the entire piece.

19 posted on 12/07/2019 1:25:08 PM PST by mewzilla (Break out the mustard seeds.)
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To: Rebelbase

Hunter’s crack.


20 posted on 12/07/2019 1:26:40 PM PST by Shady (One More Time: CO2 is PLANT FOOD! Without it we die. Any questions?)
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