Rebranding Obama’s Economy

exGOPer

exGOPer

Jonathan Chait: “After depicting the American economy as a bleak wasteland before his election, Trump has rebranded it as unimaginable prosperity, fueled by the hope inspired by his brilliant reforms. In fact, nothing has yet changed. Economic growth and job gains are running slightly behind the pace of Barack Obama’s second term. (The economy created 214,000 jobs per month in Obama’s second term, and 174,000 in Trump’s first year.) Wages have risen at approximatelythe same level they did in 2016. It is possible that tighter labor markets will produce faster wage gains, or that the deficit spending Trump has enacted will help short-term growth accelerate. But his rhetoric of economic success is based on absolutely no actual accomplishment.”

New York Times: “Never mind that in some fundamental ways the economy is growing no faster than it did at points during President Barack Obama’s second term. Mr. Trump is at heart a salesman, and he rarely lets details get in the way of a good story. And by some measures, he has managed to convince many Americans, especially corporate leaders, that the economy really is surging in a way it has not for years.”
 
During obama's administration, it felt like he went around the world apologising for being American. Trump is right, "Make America great again". And all the leaders of their countries should make their countries great.
 
Now it's full steam ahead with new nukes , what happened to we don't want a 3rd world war when Trump was kissing Putins ass ?


China Wants New Nuclear Weapons to Keep Up With U.S. and Russia Military Power

The Chinese military has expressed its desire to enhance its nuclear weapons to keep up with the U.S. and Russia, two leading powers that have increasingly committed to modernizing their own arsenals.

In a commentary featured Tuesday in the PLA Daily, the official newspaper of the People's Liberation Army, military experts Li Xianrong and Yang Min detailed the nuclear strategies of the U.S. and Russia, China's primary global defense competitors. While the outlet compared nuclear weapons to a "sword of Damocles" hanging over the head of mankind and called for them to be completely eradicated in a concluding note, the editor ultimately said they were a necessary tool to secure China and forward its interests as a major international player.

"In the roiling unpredictability of today’s world, to upgrade the capability of our country’s deterrence strategy, to support our great power position... we must strengthen the reliability and trustworthiness of our nuclear deterrence and nuclear counterstrike capabilities," the editor wrote, as translated by Reuters.

gettyimages-486261448_0.jpg
Military vehicles carrying DF-31A intercontinental ballistic missiles participate in a military parade at Tiananmen Square in Beijing on September 3, 2015, to mark the 70th anniversary of victory over Japan and the end of World War II. A later model in the Dongfeng family of nuclear-capable ICBMs, the DF-41, has been described as having the longest range of any missile in the world. GREG BAKER/AFP/Getty Images

The article mostly centered on the evolution of the U.S. and Russia's nuclear strategies since the Cold War and came in response to President Donald Trump's upcoming Nuclear Posture Review expected to be released by the Pentagon sometime next month. A draft version of the document was leaked by The Huffington Post earlier this month and its contents revealed controversial plans to loosen restrictions on the use of nuclear weapons and install low-yield, tactical nuclear devices on submarine-launched Trident II D5 ballistic missiles.

Li and Yang, both researchers at the ruling Chinese Communist Party-controlled PLA Academy of Military Science, claimed that the Trump administration's plan, if realized, would make the U.S. a more powerful nuclear power than ever before. They noted that the U.S. draft suggested committing up to $1.2 trillion for three decades of upgrades to the Pentagon's nuclear triad, including B-21 Raider strategic bombers in the air, Columbia-class nuclear submarines at sea and various nuclear missiles and bombs deployed at air, land and sea.

The Chinese researchers wrote that Russia too was revolutionizing its nuclear force. They referenced Russian President Vladimir Putin's ongoing push to modernize 90 percent of his country's nuclear force, the largest in the world, by 2021. Tuesday's analysis mentioned critical improvements to Russia's Topol intercontinental ballistic missile (ICBM) and the highly-anticipated R2-28 Sarmat, or "Satan 2," ICBM among other developments.
http://www.newsweek.com/china-wants-new-nuclear-weapons-keep-us-russia-military-power-795401
 
Arnie said:
Just more butt hurt for you losers.
Love it.
More...

Don't worry, you own the slowing economy and the coming recession.

You gonna love the mid terms and then some, if your pedo leader survives Mueller that is.
 
October started the Fed's run down of (QE)

The melt-up this month may have effectively topped as institutions notice the money retreating. This is good for futures traders like me, more volatility etc. however some shine may be coming off the apple for the old men retail stock trader & pensions etc.

It will be interesting to see how smoke-and-mirrors statements combat actual fundamentals. The concern I have is what will be done to brace these.. and will this involve faking previously trusted economic numbers.
 
Slartibartfast said:
October started the Fed's run down of (QE)

The melt-up this month may have effectively topped as institutions notice the money retreating. This is good for futures traders like me, more volatility etc. however some shine may be coming off the apple for the old men retail stock trader & pensions etc.

It will be interesting to see how smoke-and-mirrors statements combat actual fundamentals. The concern I have is what will be done to brace these.. and will this involve faking previously trusted economic numbers.
More...

Our current economic state in the US is we are growing with strong fundamentals. Our growth right now is real. We are starting to see inflation kick in after fed has been battling deflation for 8 years or so. I wouldn’t expect the fed to make too much movement on interest rates this year if it wasn’t for the tax cuts and new deficit spending.

But the tax cuts and new deficit spending will most likely increase the inflation that is already happening naturally, throwing the economy out of whack with monetary policy.

What does this all mean? We can expect accelerated interest rate increases because of the stimulus from the tax cuts and deficit.

Going into 2019, after inflation eats the tax cuts, we can expect even larger YOY increases in the interest rates because the deficit spending will continue as buying power decreases. And this is the problem with cutting taxes during periods of economic growth.
 
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