It’s Friday.
Well we’ve made it to the end of another week, one-step closer to cooler weather, football, the end of baseball season, the start of the holiday season, and the 2020 campaign election cycle.
President Trump and the First Lady will depart the U.S. for the G7 summit, happening in France.
According to Fact Base.com they will be departing at 11 p.m. eastern time.
Ahead of his trip to France, the President has so far tweeted 11 times.
94% Approval Rating within the Republican Party. Thank you!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
He sent two tweets regarding the economy between this poll and the below poll tweet.
This despite the Fake News and Polls! https://t.co/DksmF8hTr7
— Donald J. Trump (@realDonaldTrump) August 23, 2019
This “94%” statistic continues to be imaginary, though he does have high approval among Republicans. Recent: 84% in Monmouth, 87% in Ipsos, 87% in CNN, 88% in Fox. pic.twitter.com/xkpfU4XGgQ
— Daniel Dale (@ddale8) August 23, 2019
Trump Lies About His Poll Numbers… Again https://t.co/5vfXJrNm8X
— Snip🦈Bytes (@SnipBytes) July 13, 2019
On Thursday AP News reported that according to a new AP-NORC poll the President’s job approval was 36 percent approve of how he is handling the job, while 62 percent disapprove.
The poll was conducted between August 15-19th, with 1,058 people being interviewed, the margin of error is plus or minus 4 percentage points.
Rasmussen‘s, a poll more favorable to President Trump, has his daily tracking approval rating at 50 percent approve, while 48 percent disapprove.
The last time they record the President’s approval rating at 51 percent was in June of 2019.
Real Clear Politics has his average approval rating at 43.3 percent, with his disapproval at 53.4 percent. The polls included in the average were taken between August 10th through August 22nd.
The Economy is strong and good, whereas the rest of the world is not doing so well. Despite this the Fake News Media, together with their Partner, the Democrat Party, are working overtime to convince people that we are in, or will soon be going into, a Recession. They are…..
— Donald J. Trump (@realDonaldTrump) August 23, 2019
..willing to lose their wealth, or a big part of it, just for the possibility of winning the Election. But it won’t work because I always find a way to win, especially for the people! The greatest political movement in the history of our Country will have another big win in 2020!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
Now the Fed can show their stuff!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
As he often does, the President tweeted while I was writing a nice little news section and upped the ante on crazy.
As usual, the Fed did NOTHING! It is incredible that they can “speak” without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work “brilliantly” with both, and the U.S. will do great…
— Donald J. Trump (@realDonaldTrump) August 23, 2019
As usual, the Fed did NOTHING! It is incredible that they can “speak” without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work “brilliantly” with both, and the U.S. will do great…
— Donald J. Trump (@realDonaldTrump) August 23, 2019
….My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?
— Donald J. Trump (@realDonaldTrump) August 23, 2019
….My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?
— Donald J. Trump (@realDonaldTrump) August 23, 2019
Let’s breakdown the crazy.
As usual, the Fed did NOTHING!
What was Jerome Powell suppose to do?
During his opening remarks from Jackson Hole, Wyoming, Chairman Powell, who as Alien notes is in charge of what is suppose an independent org., did the President expect Powell to go negative rate, tank the markets, and the dollar?
I think he did, in fact expect Powell, to be more loose with words.
The Federal Reserve is a voting body, the Chairman alone can not simply act on a whim, markets, global ones, would fall, chaos would occur, which as you’ll see happened the minute tiny thumbs, got to tweeting.
Whatever Powell did say, which can be found at CNBC News.com, worked enough to settle the roller coaster ride that is Wall Street, however, at the writing of this post, 8:17 a.m., CA time, CNBC News headline in red read, “Dow drops 400 points,” after the President ordered companies to leave China, more on that down thread.
It is incredible that they can “speak” without knowing or asking what I am doing, which will be announced shortly.
Independent means they act independent of what President Trump is doing.
The announcement shortly was the following tweets, which will be covered in full down thread.
Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far….
— Donald J. Trump (@realDonaldTrump) August 23, 2019
….better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
— Donald J. Trump (@realDonaldTrump) August 23, 2019
….your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,….
— Donald J. Trump (@realDonaldTrump) August 23, 2019
….all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop – it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
Yeah, me too.
Again, he as President is not suppose to be the boss of the Fed. In fact he is not the boss, we are.
We have a very strong dollar and a very weak Fed.
What he does not know, is right now, costing investors.
Logic tells us, if the dollar is strong, it means Fed policy is working.
I will work “brilliantly” with both, and the U.S. will do great..My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?
Who is this “both” and how come brilliantly is in quotes?
Powell, was appointed by President Trump, Powell, is a U.S., citizen. I do not want to hear from them, those defenders and bootlickers, that the “squad” says mean things or bad things about America.
Hypocrites.
Moving on.
Our Country has lost, stupidly, Trillions of Dollars with China over many years.
Yeah, trade is so stupid, how dare we, pay less for goods, create jobs, spend more money into our free market system thus creating even more jobs and goods to purchase.
They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue.
Does this mean the first daughter Ivanka Trump will renounce her Chinese patents?
I won’t let that happen! We don’t need China and, frankly, would be far…better off without them.
Our farmers needed China, Soybean farmers for sure as China was set to purchase 86 percent of their soybeans.
I’ve heard my whole life, that the U.S. doesn’t need global trade, funny enough, we have always been global traders, when we aren’t, bad things happen, such as depressions, creating more poor people, and less jobs.
The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP.
Stolen is not equal to exchanged for goods and or services.
Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing…your companies HOME and making your products in the USA.
Let it sink in, that the leader of the free world, is in fact saying something a dictator would say.
I repeat, America is a free Republic, we are not in fact beholden to our Government, they are in fact, suppose to be beholden to us, the people.
I will be responding to China’s Tariffs this afternoon.
Shit.
It’s gonna get worse.
Current CA time, 9:03 a.m., CNBC red headline, “Dow drops 450 points.”
Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,….all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year.
Again with the dictator like words, but news flash, Mr. Not King, or Dictator, yet, they already check deliveries, the government does too, just for what it’s worth.
President Xi said this would stop – it didn’t.
I’m putting this in the no shit Sherlock file, it didn’t stop, because American’s, along with human begins, are in fact consuming the dope, they are addicts, addicts have existed, forever.
Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
Our economy is so strong, he compared Powell, the central bank chair, to a communist leader because during a speech he did not signal a new round of QE, lower interest rates, or in fact anything.
In closing I’d like to go on the recorded as stating plainly that I do not think China is innocent in how they do business, they are not good the U.S., bad.
China has real control, they do in fact game the system in a big way.
But as we can see, the Trump plan, is not working, he is wrong, in fact, tariffs applied in small controlled measures, can work, inflict the right pain to gain
What President Trump is doing, is harming the majority, while a few gain.
That’s not right.
This is not normal.
For What It’s worth.
The stock market seems to be rebounding, just in time for President Trump to announce his plan to combat China’s announced plan to counter the new round of Trump Tariffs.
China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry on Friday https://t.co/xIGA2CqGgc
— CNN Business (@CNNBusiness) August 23, 2019
The President has announced his plan to once again hurt the American consumer, via Tweet.
For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more. Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight….
— Donald J. Trump (@realDonaldTrump) August 23, 2019
….Sadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer. As President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very….
— Donald J. Trump (@realDonaldTrump) August 23, 2019
…unfair Trading Relationship. China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!). Starting on October 1st, the 250 BILLION DOLLARS of goods and products from China, currently being taxed at 25%, will be taxed at 30%…
— Donald J. Trump (@realDonaldTrump) August 23, 2019
…Additionally, the remaining 300 BILLION DOLLARS of goods and products from China, that was being taxed from September 1st at 10%, will now be taxed at 15%. Thank you for your attention to this matter!
— Donald J. Trump (@realDonaldTrump) August 23, 2019
China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!).
The tariffs was not politically motivated unless you count retaliatory tariffs politically motive, then I guess if you squint, they were.
As a reminder, on August 1st, via tweet, the President announced the U.S., would on September 1st, place an additional tariff of 10 percent on 300 billion worth of Chinese imports.
U.S. Trade Rep., postponed some of those tariffs on some goods, as not to effect/affect the Christmas shopping season.
In response to those additional tariffs China announced this morning, tariffs against $75 billion worth of U.S. goods. The tariff as CNN noted is expected to be at 5 or 10 percent starting the 1st.
In March of 2018, the President declared that trade wars were easy to win.
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!
— Donald J. Trump (@realDonaldTrump) March 2, 2018
Since that tweet, the trade war has continued.
All 3 major U.S. indices plunged today after President Trump tweeted an "order" that American companies find alternatives to their operations in China. The Dow dropped 2.36% as the S&P slipped 2.58% and Nasdaq tumbled 3%. https://t.co/Iiaghf8TtS pic.twitter.com/LbAlX7p1U1
— CNBC (@CNBC) August 23, 2019
Dow finishes down less than 630 points after falling 745; Nasdaq ends lower by 3%, S&P 500 closes down 2.5% https://t.co/E5IJkb2nuJ pic.twitter.com/T3lm40q0as
— CNBC Now (@CNBCnow) August 23, 2019
This post is most likely not gonna be updated today. 🙂
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