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SURVEY: Do you want Trump to finish his first term?


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SURVEY: Do you WANT Trump to finish his first term?  

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13 hours ago, lannarebirth said:

 

I think The Atlantic is a pretty mainstream periodical. I know partisans like to point fingers at the other party for all the ills in society but the truth is the past financial crisis had many mothers.  Personally, as bad as government policy was to encourage mortgages by substandard loan applicants, it was just as complicit in its setting of reserve requirements for those who would provide those loans. Ultimately IMO theblame rests on the borrowers themselves for not being cautious with their own finances. That you can not legisate or write policy for.

Banks hired people who aggressively marketed No Income, Jobs or Assets (NINJA) loans to people as a get rich scheme.  Many of these were short-term loans, but banks would use the rapidly rising real estate market (rising most rapidly where the most NINJA loans were used) to justify refinancing the loans.  At every step the banks took their cut, packaged the loans with other good and bad home loans, got the compliant credit rating agencies to label these packages as safe, then sold them as Mortgage Backed Securities.    All this created a real estate bubble, and bubbles eventually burst, in this case in a very damaging manner.

 

At the bottom of this scheme were gullible people who fell for the sales pitches from the bank loan people.  However I think the people and institutions making loans that they knew, or should have known, could not be paid are the ones who were not being cautious with their own finances.  I think a partial solution to this problem is to require banks to keep a substantial portion of the loans they make on their books instead of packaging, over-rating them and selling them.  Banks don't like this solution, and I'm sure that there is no way that Trump and his Wall Street banker administration will require banks to do anything they don't like.

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10 hours ago, Jingthing said:

Speaking of weird, our aspiring dictator wants a grand military parade.  Idi Amin would be proud....

 

https://www.msn.com/en-us/news/politics/trump’s-‘marching-orders’-to-the-pentagon-plan-a-grand-military-parade/ar-BBIN1Kq?ocid=wispr

 

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In the above link, Sara Sanders said:

 

“President Trump is incredibly supportive of America’s great service members who risk their lives every day to keep our country safe,” Sanders said. “He has asked the Department of Defense to explore a celebration at which all Americans can show their appreciation.”

 

So if Trump continues ti throw his temper tantrum and shuts down the government on 8 Feb  because they won't give him his "wall" and it doesn't reopen by the 15th guess who won't get paid!  Most of the military live from pay check to pay check and a government shut down certainly won't please them.  And the circus continues!

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Regarding the current results of this poll, keep in mind that as some members have said here, some people both oppose "trump" and want him to finish his first term, because his replacement Pence wouldn't be an improvement. 

 

So a majority YES vote is not the same thing as a majority actually supporting "trump."

 

The only way to measure that in a poll would be a question like:

 

Do you support or oppose "trump?"

Edited by Jingthing
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More Winning! Getting tired of it yet? What happened to the plan to reduce the trade deficit?

 

Trade 'disaster' worsens under Trump

https://www.politico.com/story/2018/02/06/trump-trade-disaster-325749

 

Quote

The U.S. trade deficit increased more than 12 percent in 2017, to $566 billion — its highest level since 2008...

 

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9 hours ago, heybruce said:

Banks hired people who aggressively marketed No Income, Jobs or Assets (NINJA) loans to people as a get rich scheme.  Many of these were short-term loans, but banks would use the rapidly rising real estate market (rising most rapidly where the most NINJA loans were used) to justify refinancing the loans.  At every step the banks took their cut, packaged the loans with other good and bad home loans, got the compliant credit rating agencies to label these packages as safe, then sold them as Mortgage Backed Securities.    All this created a real estate bubble, and bubbles eventually burst, in this case in a very damaging manner.

 

At the bottom of this scheme were gullible people who fell for the sales pitches from the bank loan people.  However I think the people and institutions making loans that they knew, or should have known, could not be paid are the ones who were not being cautious with their own finances.  I think a partial solution to this problem is to require banks to keep a substantial portion of the loans they make on their books instead of packaging, over-rating them and selling them.  Banks don't like this solution, and I'm sure that there is no way that Trump and his Wall Street banker administration will require banks to do anything they don't like.

 

Yes, I agree it is much better if banks carry their own paper.  They make a lot smarter choices when they do. It slows lending and realeastate activity in general but what's wrong with that?  I'd like to see a return of moreowner carry RE contracts and loan assumptions personally, but that's bad for the banking industry so probably not coming anytime soon. Many a person has funded their retirement with RE contracts.

 

 I think the mixing of subprime loans and NINJA loans into the wrong tranches of mortgage secured debt and the subsequent misrating of those tranches was a problem, yes. Where banks committed fraud they should have been prosecuted. I'm not sure why they weren't but I can guess.

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1 hour ago, Silurian said:

More Winning! Getting tired of it yet? What happened to the plan to reduce the trade deficit?

 

Trade 'disaster' worsens under Trump

https://www.politico.com/story/2018/02/06/trump-trade-disaster-325749

 

 

  In the same article, 

“When you look in detail at the trade deficit, not only are imports going up, exports are going up. It’s just the fact that the United States is growing at a slightly faster pace than Europe and Japan at this point, or its primary trade partners in Canada and Mexico,” said Joe Brusuelas, chief economist at RSM, a financial advisory firm aimed at mid-sized companies. “This is a win-win for everyone.”

https://www.politico.com/story/2018/02/06/trump-trade-disaster-325749

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7 minutes ago, heybruce said:

That was true during the Obama years as well.  For some reason it was bad then, according to Trump.

Sources please  (For some reason it was bad then, according to Trump)

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6 minutes ago, heybruce said:

That was true during the Obama years as well.  For some reason it was bad then, according to Trump.

 

The best case for America is an equal balance of trade. Very negative balance of trade such as today's is generally bad for the $USD. The $DXY is up pretty sharply today however, which means it is either being perceived as not bad or the information was already widely known. 

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4 minutes ago, heybruce said:

Really?  You don't remember all his ranting about trade deficits, promises to declare China a currency manipulator, and threats to pull out of trade deals where the US is running a deficit?

 

How about a source from a news source that loves Trump as much as Trump loves Trump?    

 

" Trump noted that the new trade deficit numbers—the deficit was the biggest in six years at $51.4 billion in March, just announced this week—are another sign the United States is getting raked over the coals on an international level."   http://www.breitbart.com/big-government/2015/05/08/exclusive-donald-trump-disaster-trade-deal-empowers-americas-enemies-another-sign-country-is-going-to-hell/

 

Here are a couple of others:

 

http://thehill.com/homenews/administration/330590-trump-trade-deficits-hurt-the-economy-very-badly

 

https://www.cnn.com/2016/05/01/politics/donald-trump-china-rape/index.html

 

https://www.washingtonpost.com/news/post-politics/wp/2017/11/08/in-beijing-trump-lavishes-praise-on-chinese-leader-touts-great-chemistry-between-them/?utm_term=.69278b49c118

 

In the last one Trump backed off from the "rape" claims and accused past administrations for the trade deficit:

 

“We’ve gotten so far behind on trade with China and frankly many other countries,” Trump said ahead of a bilateral meeting with Xi, before adding he has “great respect” for Xi for “representing China.”

Trump blamed past U.S. administrations “for having allowed it to get so far out of kilter."

I don't read breitbart  I find them very offensive .You should't quote them as a source.Nice try to bait me 

Edited by riclag
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1 hour ago, heybruce said:

Really?  You don't remember all his ranting about trade deficits, promises to declare China a currency manipulator, and threats to pull out of trade deals where the US is running a deficit?

 

How about a source from a news source that loves Trump as much as Trump loves Trump?    

 

" Trump noted that the new trade deficit numbers—the deficit was the biggest in six years at $51.4 billion in March, just announced this week—are another sign the United States is getting raked over the coals on an international level."   http://www.breitbart.com/big-government/2015/05/08/exclusive-donald-trump-disaster-trade-deal-empowers-americas-enemies-another-sign-country-is-going-to-hell/

 

Here are a couple of others:

 

http://thehill.com/homenews/administration/330590-trump-trade-deficits-hurt-the-economy-very-badly

 

https://www.cnn.com/2016/05/01/politics/donald-trump-china-rape/index.html

 

https://www.washingtonpost.com/news/post-politics/wp/2017/11/08/in-beijing-trump-lavishes-praise-on-chinese-leader-touts-great-chemistry-between-them/?utm_term=.69278b49c118

 

In the last one Trump backed off from the "rape" claims and accused past administrations for the trade deficit:

 

“We’ve gotten so far behind on trade with China and frankly many other countries,” Trump said ahead of a bilateral meeting with Xi, before adding he has “great respect” for Xi for “representing China.”

Trump blamed past U.S. administrations “for having allowed it to get so far out of kilter."

 

Who knew my first visit to Breitbart would come from a link you posted?  Anywho, last week you were pretty sanguine with respect to balance of trade deficits.Why the sudden change; especially considering the $DXY bounce that came with the news?

 

 

My opinion has not changed BTW, Balance of Trade deficits, partcularly of this magnitude are universally bad.

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10 minutes ago, lannarebirth said:

 

Who knew my first visit to Breitbart would come from a link you posted?  Anywho, last week you were pretty sanguine with respect to balance of trade deficits.Why the sudden change; especially considering the $DXY bounce that came with the news?

 

 

My opinion has not changed BTW, Balance of Trade deficits, partcularly of this magnitude are universally bad.

I'm still pretty sanguine about trade deficits.  I simply pointed out that Trump went from being rabidly opposed before he took office to now being pretty sanguine himself.

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Trump is now saying that he wants to be interviewed by Mueller even though his lawyers are saying he shouldn't.  I'm fairly sure that his lawyers are urging him to say that hoping that Mueller will agree to some ridiculous terms for the interview, which he won't.  If the interview doesn't happen because Trump won't agree to it it would make him look bad, but if he continues to say he wants it he can blame his lawyers if the interview doesn't happen. I really think that his lawyers want the interview under their terms because if Mueller subpoenas him the legal battle will draw out the investigation for additional 2-3 months and if they lose, which is very likely, Trump will have to go in front of the grand jury and answer any and all questions without counsel present.

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2 hours ago, heybruce said:

I'm still pretty sanguine about trade deficits.  I simply pointed out that Trump went from being rabidly opposed before he took office to now being pretty sanguine himself.

In the meantime the trade deficit grows without a viable trade policy from the Trump Administration.  Trump personally lacks understanding of global trade. 

 

http://business.financialpost.com/news/economy/u-s-trade-deficit-shouldnt-annoy-trump-but-it-will

 

You are correct, for years Trump followed Breitbart, was influenced by them and in turn he complimented them.

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