Prior to President Trump tweeting on Thursday morning, he finished Wednesday’s tweeting by stating he was “ready and willing to work with Democrats,” in order to pass a bill that “secure our borders,” he added in a separate tweet, that “sadly there can be no Real Border Security without the Wall!”
Thursday as the 116th Congressional session opens, with Democrats taking over the House of Representatives, the government still partially shutdown, and the stock market suffering a heavy decline in morning trading, President Trump tweeted a list of his “historic results,” for his first two years in office, explained that the Treasury has taken in “MANY” billions of dollars from the Tariffs “we are charging China,” and mocked Senator Elizabeth Warren (D-MA).
1. “MAGA list: 205 ‘historic results’ help Trump make case for 2020 re-election”
December 31st, 2018, the Washington Examiner published a list they obtained in an “exclusive.”
The list, “highlights 14 major issue areas and lists 205 accomplishment points and initiatives all aimed at bolstering the president’s statements and tweets,” that have shown “a successful administration despite the recent stock market volatility, his staff shake-ups and the Russia election probe.”
According to the article the list, which is published in full at the link, was complied by the White House.
Highlights from the list:
- IGNITING A HISTORIC ECONOMIC BOOM: President Trump’s pro-growth policies are unleashing economic growth and providing opportunities to workers across the country.
- President Trump signed the Tax Cuts and Jobs Act into law, ushering in the largest package of tax cuts and reforms in American history.
- Since taking office, President Trump’s deregulation efforts have achieved $33 billion in regulatory savings.
- NEGOTIATING BETTER DEALS FOR THE AMERICAN PEOPLE: President Trump is negotiating fair and balanced trade deals that protect American industries and workers.
The economy has grown, the tax cut was 3 percent, not all that historic, so far the new trade deal between Canada, and Mexico, is not in affect, as that trade deal has not be ratified by Congress.
2. The Shutdown is only because of the 2020 Presidential Election…”Trump”…
On December 19th, the Senate passed a Continuing Resolution that funded the government until February 8th, 2019, on December 20th, that C.R., failed to gain support from both the President, and House Republicans, because the C.R., did not give the $5 billion they wanted for the border wall. The House passed their own stopgap measure which did fund the wall, but that failed in the Senate, a partial shutdown of government agencies including, Department of Homeland Security, that oversees the border ran out of money Saturday December, 22nd.
CNN reports that the partial shutdown for Federal agencies has lasted 12 days. According to the CNN live update Shutdown article, this is the first time in history that a partial shutdown extended into two Congressional sessions, and saw a change of party control.
Shortly before the fight over border wall funding President Trump told Senate Minority Leader Chuck Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) that he was “proud to shutdown” the government over border security. Since the 11th of December President Trump has blamed the Democrats and now the Presidential race for 2020.
TRUMP: "Yes. If we don't get what we want, one way or the other…I will shut down the government. Absolutely. I am proud to shut down the govt for border security…I will take the mantle, I will be the one to shut it down. And I'm going to shut it down for border security." pic.twitter.com/61aBwpBoDy— Aaron Rupar (@atrupar) December 11, 2018
3. The United States Treasury has taken in MANY billions of dollars from the Tariffs we are charging China and other countries that have not treated us fairly.
Business Insider reports that according to data, the Treasury has “collected around $6.2 billion worth of custom duties in October,” which was the first “full month after Trump’s tariffs on $200 billion worth of,” Chinese goods went into effect.
The article explains that President Trump’s “celebration,” tweet “doesn’t take into account who is effectively paying that money,” stating that, “Chinese exporters do not pay the tariffs. Rather, US importers pay the cost of the duties when the goods come into American ports.”
Pantheon Economics Chief Economist Ian Shepherdson, told the Business Insider in December that while some of the hit might be felt by Chinese exporters, primarily a tariff is a tax on the consumer:
Tariffs are a tax on consumers, primarily, though some of the hit might be borne by Chinese exporters, forced to accept lower margins. But for the president to boast that the U.S. is ‘taking in billions’ on tariffs makes no sense at all. The ostensible objective of the tariffs is to force China to negotiate a new trading relationship with the US, not to raise money — from U.S. consumers! — for the federal government.Business Insider
Wednesday Apple CEO Tim Cook announced lower than expected company earnings according to Bloomberg, it was the first time the company “cut it’s revenue outlook in nearly two decades.”
Thursday speaking to CNN’s Poppy Harlow, Chairman of the White House Council of Economics Advisers, Kevin Hassett, said, Apple would not be the only company to announce lower than expected earnings, “It’s not going to be just Apple. There are a heck of a lot of U.S. companies that have sales in China that are going to be watching their earnings being downgraded next year until we get a deal with China.”
He went on to say that this will put a lot of pressure on China “to make a deal,” with President Trump.
The Wall Street Journal reports that the Dow Jones Industrial Average fell as low as 650 points earlier in the trading session, currently according to the article the Dow is holding at around 500 plus points down.
4. A fake Bumper sticker for Warren 2020
President Trump apparently “stole” the meme from the Daily Wire.
5. We achieved historic wins with her help last year!
On Thursday as the 116th Congressional Session opened, the chambers are divided, The Democrats have the majority in the House while the Republicans maintained a small majority in the Senate. The Washington Post reports, that Rep. Nancy Pelosi (D-CA) is now the new Speaker of the House, for the second time.