Despite Naysayers, Trump Says the Economy Will “Boom”
The man has a plan; just sit tight and let it unfold. Despite the cries of gloom and doom from the left, President Donald J. Trump says that the “market is going to boom.” The President made the comments soon after a Wall Street panic last week.
Trump compared the decline in the stock market to a patient’s operation and said, “I think it’s going very well, it was an operation… It’s a big thing. I said this would be exactly the way it is. We have $6-$7 trillion coming into our country, and we have never seen anything like it.”
“The market is going to boom, the stock is going to boom, the country is going to boom, and the rest of the world wants to see if there is any way they could make a deal,” he added.
He made these claims soon after U.S. stocks had their worst one-day sell-off since 2020.
Citing the necessity to rectify the United States trade deficit, Trump utilized a 1977 statute to officially declare a trade emergency, subsequently introducing new tariffs. The President imposed a blanket 10% tariff on all trading partners and levied more duties on the countries he described as “bad actors.”
It is worth noting that China, Vietnam, Cambodia, and Sri Lanka are subject to the most severe tariffs, whereas Canada and Mexico were exempted.
After the realities of the new tariffs sank in, Trump said, “Every country is calling us. That’s the beauty of what we do. If we would have asked these countries to do us a favor they would have said no. Now, they will do anything for us.”
After the concerning Wall Street meltdown, Trump wrote in a post on Truth Social that his plan is already working, with trillions of dollars already being poured into the U.S. economy.
“We are bringing back jobs and businesses like never before. Already, more than FIVE TRILLION DOLLARS OF INVESTMENT, and rising fast! THIS IS AN ECONOMIC REVOLUTION, AND WE WILL WIN,” Trump wrote.
Despite taking heat from the left and even some members of his own party, Trump remains defiant that his plan will work in the long term as he aims to reduce America’s trade deficit with other countries, protect American industries and bolster jobs by encouraging companies to move manufacturing back to the U.S.
“HANG TOUGH, it won’t be easy, but the end result will be historic,” Trump wrote. “We will MAKE AMERICA GREAT AGAIN!!!” Trump wrote.
You want my bridge? Cheap price!
He also needed a 4.0 gdp to make his 2017 tax cuts work, he forecasted it would be far above.
“The economy now is at 3%. Nobody thought it would be anywhere close. I think it could go to 4, 5, and maybe even 6%, ultimately.” Trump, Dec. 16, 2017. Turns out the only record he set was for the yugest deficit ever. Maybe that’s what he’s trying to fix now. Didn’t work in Atlantic City, good luck making your smoke and mirrors game work now.
Trump 1.0 never got close to 4.0 gdp growth and tanked a recession on his watch. Hoover laughs at him. So, what does he do? He copies Hoover again!!
He can say whatever he wants, but I would like to see some truth.
In typical Trump phrasing he uses hyperbolic characterizations and overly optimistic forecasts off an outcome he can’t insure or guarantee to the satisfaction of those on the ground where reality works. Trump appears to be still on campaign salesman mode.Governing the country as president is not the same as running a business as CEO/Chairman. The president’s authority power has limits defined in the country’s organizational Constitution with specific Articles that enumerate presidential duties, responsibilities, and limits. These are those rules in the law that establish boundary lines that separate the three branch’s areas of authority and power.from eachother.
Anyone having studied American Civics should have a least a rudimentary knowledge about the way out democratic republic has been designed and written. The primary lesson on the subject is the type of government America was built on. That there are three essentially equal Branches, each with its own respective responsibilities and requisite powers to fulfill those responsibilities.
The Founders’ rationale for establishing three branches, executive, legislative, and judicial, each possessing equal but separate powers was to have the the three branches maintain a balanced equilibrium.
Meaning, the executive running the executive branch was disallowed by law to usurp by extension any amount of authority designated for Congress and the court system. In the present case Pres. Trump during his first 100 days in office and today’s hassnd is violating the separation of powers by his Executive Orders overtaking Congress’s role and responsibilities and ignoring particularly specific orders originating in the Federal Court System.
Trump has cowed the Republican Representatives with fear of retaliation, making them into cowards who do not challenge and defend the laws that restrict the president’s trespass into legislative branch territory. It shameful irresponsible shirking of representative duty to the country, voters, and their own legitimacy as elected representatives.
One out of an ocean of truism in Trump’s past actions is the fact that he practices bullying by intimidation, basically fear of reprisal and retribution.
His repetitive statements of hyperbolic dimensions are put out there in public for mass consumption so the Republican in Congress and his appointees in Judge roles are put on notice of his expectation.
He rides on the backs of those people who vie for positions in his regim. When his plans don’t come together to his desired result. It’s never his doings. More convenient him has been his foisting blame on the person next closest to him and part of the latest failure, error, and flip w/fallback.
Planning for different eventualities for a plan not coming together is foreign to Trump’s MO. He readily launches from one idea into another notion for a different project. Then, an aid will catch his ear which pulls him away from projects in progress and the initiating of some thing unrelated to any other of what he has supposedly started.
He is easily distracted and inefficiently abandons projects in progress.
Therefore, Trump is a person who displays as one who is disjointed mentally and and acts out with the rambling speaker’s baseless and unsupported claims. Not at anytime can Trump deliver on promises made now for some eventualities far in the dateless future.
He, nor any president, can correctly determine whether the economy and our nation will experience a boom of a bust at a future date. Trump is reckless as a badly made bet placed by a cocky unprincipled gambler putting down other people’s money. And, after losing the bet, he has no remorse. He has said at other times that the loss was the lender’s problem. The should have known better than betting on a bad investment
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