Donald Trump tries to explain economics to the Economist:Hilarity ensues

[Mr&Mrs G. 903]

Ya nearly got me Jacque with that headline  

 

I thought it said 

 

Donald Trump tries to explain economics to the Economist: HILARY ENSUES 

 

Instead it's just another Trump bashing thread, boring

 

 

[Amica Nostra 4,803]

9 minutes ago, Mr&Mrs G. said:

Ya nearly got me Jacque with that headline  

 

I thought it said 

 

Donald Trump tries to explain economics to the Economist: HILARY ENSUES 

 

Instead it's just another Trump bashing thread, boring

 

 

You have to admit, claiming authorship of a Edwardian Era Phrase and assuming no one else had heard of it does raise a few eyebrows

[Mr&Mrs G. 903]

1 minute ago, ccneat said:

You have to admit, claiming authorship of a Edwardian Era Phrase and assuming no one else had heard of it does raise a few eyebrows

But he wouldn't be the Donald we all love if he didn't do stuff like that, it's part of his charm. 

[CaliCat 3,957]

34 minutes ago, Mr&Mrs G. said:

But he wouldn't be the Donald we all love if he didn't do stuff like that, it's part of his charm. 

 

You will find all those traits in Hugh Hefner and Hulk Hogan as well, and they are indicated for TV personalities, carnival barkers, or roadside spinners.

 

Unfortunately for America, however, none of those are qualities that anyone aspiring to be president should display in public.

 

If that were the case, America would be far better off with Madam President Kim Kardashian. 

[Mr&Mrs G. 903]

Just now, CaliCat said:

If that were the case, America would be far better off with Madam President Kim Kardashian. 

I am going to save that just to remind you in 2020 that you said it first 

 

Ronald Reagan, Clint Eastwood, Arnold Schwarzenegger , and another thread mentions Dwayne Johnson as a future runner. 

 

There is no doubt in my mind that Donald Trump is a tv personality but he beat a seasoned politician to the Presidency.

[OriZ 3,157]

7 hours ago, smilesammich said:

it's too bad he doesn't have anyone who cares about him enough to tell him what an idiot he is. what's weird is that trump supporters aren't typically of the 'every kid deserves trophy' crowd and yet..

 

anyone, dwayne has my vote. trump is a jabroni!

 

I wouldn't rule out voting for him actually, depending on his platform once he actually had one if he actually decided to run. He's pretty MOR as far as I know.

[CaliCat 3,957]

4 minutes ago, Mr&Mrs G. said:

I am going to save that just to remind you in 2020 that you said it first 

 

Ronald Reagan, Clint Eastwood, Arnold Schwarzenegger , and another thread mentions Dwayne Johnson as a future runner. 

 

There is no doubt in my mind that Donald Drumpf is a tv personality but he beat a seasoned politician to the Presidency.

 

But isn't that lowering the bar, by just saying that he won the elections, so he can do what he wants? He was not elected monarch, although he acts as one. Shouldn't he behave like the office he occupies?

 

Doesn't the office come with certain requirements and expectations?

Edited May 11, 2017 by CaliCat

[Mr&Mrs G. 903]

6 minutes ago, CaliCat said:

 

But isn't that lowering the bar, by just saying that he won the elections, so he can do what he wants? He was not elected monarch, although he acts as one. Shouldn't he behave like the office he occupies?

 

Doesn't the office come with certain requirements and expectations?

Of course, I have said it many times Trump only won because Hilary was so bad. He has no business being in politics but obviously the voting public were annoyed at someone. 

[OriZ 3,157]

1 hour ago, Mr&Mrs G. said:

Of course, I have said it many times Trump only won because Hilary was so bad. He has no business being in politics but obviously the voting public were annoyed at someone. 

Nah, that was sexism, Russia, and hating on Obama's legacy because he's black.

[OriZ 3,157]

Trump: Debt and deficits will rise, but it's all in the name of growth

President Donald Trump has acknowledged that his tax plan will increase the budget deficit, if only for a short time.

In an interview with The Economist, one exchange features the president conceding that cutting taxes will have a negative effect on the shortfall. But he said it likely will be only for a year or two.

"It is OK, because it won't increase it for long. You may have two years where you'll … you understand the expression 'prime the pump'?" Trump said, according to a posted transcript of the interview.

 

The current fiscal year is expected to end with a budget deficit of $534 billion, $100 billion more than last year, according to the most recent projections from the Congressional Budget Office.

Years of government spending exceeding revenue have exploded the national debt to $19.8 trillion, $14.3 trillion of which is owed by the public. During the presidential campaign, Trump repeatedly denounced the culture of debt and deficits and promised to end it once he got to Washington.

However, his aggressive pro-growth plans include sharp tax cuts for both businesses and individuals on top of more public spending. Trump believes that the growth generated from reforms will help spur business out of its post-Great Recession funk.

 

The president and his interviewer engaged in an exchange over the term "prime the pump." It's a commonly used phrase in economic circles and refers to spending, usually at the public level, to get the economy moving again. In addition to the tax cuts, Trump has advocated what could be $1 trillion in spending on infrastructure projects.

The term also is used to describe the classic Keynesian approach, something more closely associated with liberal Democratic philosophy than the conservative Republican train of thought that Trump professes to follow.

Interestingly, Trump said he was unfamiliar with "prime the pump" in economic terms.

"Have you heard that expression used before? Because I haven't heard it," he said. "I mean, I just … I came up with it a couple of days ago and I thought it was good. It's what you have to do."

 

Doubts about big growth

Treasury Secretary Steven Mnuchin interjected during the interview that the administration believes its proposals can generate $2 trillion in revenue over the next decade.

"So priming the pump in the short term leads to growth," Mnuchin said.

How much growth has been a matter of debate.

 

Most economists believe that the Trump fiscal plans will get the economy above the 1.6 percent or so annual growth experienced under former President Barack Obama.

However, they doubt the administration will reach its targeted growth of 3 to 4 percent in the years ahead.

 

"There is little evidence to support the claim by (Mnuchin) that tax cuts would pay for themselves by boosting economic growth to 3 percent or even higher, particularly not when the economy is already so close to full employment," Paul Ashworth, chief U.S. economist at Capital Economics, said in a note responding to the Economist interview.

 

"Rather than boosting sustainable economic growth, big tax cuts are more likely to result in a marked widening in the federal budget deficit, at a time when the debt burden is already high," Ashworth added. "The risk then is that rising debt could trigger a sharp increase in long-term interest rates, which would end up offsetting any of the potential benefits from lower taxes."

Still, Trump believes the goal is realistic, saying during that interview that "I happen to think that 3 percent is low."

 

http://www.cnbc.com/2017/05/11/trump-debt-and-deficits-will-rise-but-its-all-in-the-name-of-growth.html

 

To that I say...dream on buddy.

[Teddy B 17,252]

13 hours ago, Mr&Mrs G. said:

I am going to save that just to remind you in 2020 that you said it first 

 

Ronald Reagan, Clint Eastwood, Arnold Schwarzenegger , and another thread mentions Dwayne Johnson as a future runner. 

 

There is no doubt in my mind that Donald Trump is a tv personality but he beat a seasoned politician to the Presidency.

 I hear Reagan is gaining in the polls, he's lagging just a bit behind JFK.

[Eric-Pris 1,607]

On ‎5‎/‎11‎/‎2017 at 8:36 PM, OriZ said:

Nah, that was sexism, Russia, and hating on Obama's legacy because he's black.

If you keep repeating it, it may come true.

[OriZ 3,157]

4 hours ago, Eric-Pris said:

If you keep repeating it, it may come true.

 

[jg121783 3,917]

On 5/11/2017 at 10:49 AM, smilesammich said:

it's too bad he doesn't have anyone who cares about him enough to tell him what an idiot he is. what's weird is that trump supporters aren't typically of the 'every kid deserves trophy' crowd and yet..

 

anyone, dwayne has my vote. trump is a jabroni!

 

 

I remember seeing this video during the election. He would get my vote just for that. All kidding aside I am not sure if I would vote for him or not because I don't know what his platform would be. Seems like from the video he might be conservative leaning. Either that or he just doesn't like Hillary.

[Dashinka 24,589]

On 5/11/2017 at 8:36 PM, OriZ said:

Nah, that was sexism, Russia, and hating on Obama's legacy because he's black.

You forgot Comey!