Analysis - Trump's legacy: A more divided America, a more unsettled world

[Isaan sailor]

1 hour ago, Phoenix Rising said:

Those concerns should be eased by the crushing loss trump suffered in the election and the subsequent return of the grown-ups to the WH.

So grown ups in the WH have dragged the USD down since November 4.  You think that’s a good thing?  I’d prefer the Baht/USD back to 31.xx to today’s 29.xx.

[J Town]

3 minutes ago, Isaan sailor said:

So grown ups in the WH have dragged the USD down since November 4.  You think that’s a good thing?  I’d prefer the Baht/USD back to 31.xx to today’s 29.xx.

Biden hasn't had a full week in office. Can you just give him a chance? There is no immediate cause/effect to his actions, he doesn't even have a full cabinet yet.

[Eric Loh]

12 minutes ago, Isaan sailor said:

So grown ups in the WH have dragged the USD down since November 4.  You think that’s a good thing?  I’d prefer the Baht/USD back to 31.xx to today’s 29.xx.

Well then you have to made up your mind whether you want the $1,400 stimulus or not. Trump has made the stimulus necessary and will cause USD to drop further. 

[Phoenix Rising]

51 minutes ago, Isaan sailor said:

So grown ups in the WH have dragged the USD down since November 4.  You think that’s a good thing?  I’d prefer the Baht/USD back to 31.xx to today’s 29.xx.

So exchange rate before democracy, good to know.

[Isaan sailor]

34 minutes ago, Eric Loh said:

Well then you have to made up your mind whether you want the $1,400 stimulus or not. Trump has made the stimulus necessary and will cause USD to drop further. 

Nonsense.  Since November 4, the USD has sunk to 29.xx as of today, vs the Baht.  Biden didn’t do it.  Trump didn’t do it.  Currency traders did it.  They look at projected spending and stimulus checks, and drop the USD.  With Keystone pipeline gutted, and more stimulus promised—things don’t look so good for the Dollar.  And I think China has made the stimulus checks necessary.

[heybruce]

21 minutes ago, Isaan sailor said:

Nonsense.  Since November 4, the USD has sunk to 29.xx as of today, vs the Baht.  Biden didn’t do it.  Trump didn’t do it.  Currency traders did it.  They look at projected spending and stimulus checks, and drop the USD.  With Keystone pipeline gutted, and more stimulus promised—things don’t look so good for the Dollar.  And I think China has made the stimulus checks necessary.

Yet the S&P 500 has gone up significantly since the election.  Apparently investors like what Biden has planned, or like having Trump out of office.

[onthedarkside]

A post with a link to a disallowed, non-credible "questionable source" has been removed, along with multiple replies.

 

[candide]

2 hours ago, Isaan sailor said:

So grown ups in the WH have dragged the USD down since November 4.  You think that’s a good thing?  I’d prefer the Baht/USD back to 31.xx to today’s 29.xx.

Let me guess.... could there be a more obvious explanation?

[Isaan sailor]

1 hour ago, heybruce said:

Yet the S&P 500 has gone up significantly since the election.  Apparently investors like what Biden has planned, or like having Trump out of office.

Sure, the S&P 500 up recently. And it has helped my portfolio for sure. But that’s cold comfort to Americans living in Thailand on a fixed income, when the Baht skyrockets to 29.97, close to a 7-year high.  Many struggle now to meet visa requirements. And with more deficit spending planned in this administration, things will get tougher in Thailand for Americans.  Social Security up 1.3&, but the Baht up far more than that.

[Jingthing]

2 minutes ago, Isaan sailor said:

Sure, the S&P 500 up recently. And it has helped my portfolio for sure. But that’s cold comfort to Americans living in Thailand on a fixed income, when the Baht skyrockets to 29.97, close to a 7-year high.  Many struggle now to meet visa requirements. And with more deficit spending planned in this administration, things will get tougher in Thailand for Americans.  Social Security up 1.3&, but the Baht up far more than that.

Yeah I'm sure that would be a popular political policy. We're going to hold back on emergency pandemic relief because we're worried about the exchange rate impact on Americans living abroad. Face it, expats are super low priority under any and all administrations. Such complaints are particularly amusing when coming from the "America first" isolationist brigade.

Edited January 25, 2021 by Jingthing

[heybruce]

8 minutes ago, Isaan sailor said:

Sure, the S&P 500 up recently. And it has helped my portfolio for sure. But that’s cold comfort to Americans living in Thailand on a fixed income, when the Baht skyrockets to 29.97, close to a 7-year high.  Many struggle now to meet visa requirements. And with more deficit spending planned in this administration, things will get tougher in Thailand for Americans.  Social Security up 1.3&, but the Baht up far more than that.

If you think the Federal debt is the problem, the time to get concerned was when Trump took office.

[Nout]

Biden's inauguration speech was one of the the most divisive ever made by appealing to the cheapest form of identity politics.

[Jingthing]

2 minutes ago, Nout said:

Biden's inauguration speech was one of the the most divisive ever made by appealing to the cheapest form of identity politics.

Translation -- it wasn't a white nationalist speech like his unhinged disgraced predecessor.

[Isaan sailor]

1 hour ago, Jingthing said:

Yeah I'm sure that would be a popular political policy. We're going to hold back on emergency pandemic relief because we're worried about the exchange rate impact on Americans living abroad. Face it, expats are super low priority under any and all administrations. Such complaints are particularly amusing when coming from the "America first" isolationist brigade.

Enjoy the overpriced Baht.  I hope you live in Thailand with a fixed income from Social Security—only.  And the demise of Thai exports will also amuse and entertain you.

[Jingthing]

3 minutes ago, Isaan sailor said:

Enjoy the overpriced Baht.  I hope you live in Thailand with a fixed income from Social Security—only.  And the demise of Thai exports will also amuse and entertain you.

Of course I won't enjoy a weak dollar as an expat. But you know that was already the trend before President Biden.

[Tug]

53 minutes ago, Isaan sailor said:

Enjoy the overpriced Baht.  I hope you live in Thailand with a fixed income from Social Security—only.  And the demise of Thai exports will also amuse and entertain you.

A lot of damage has been done the price of recovery will hurt all of us I’m sorry for people who have only social security to support them perhaps they should have made better decisions during their working years hopefully the dollar will strengthen in the future hang in there 

[Jingthing]

11 minutes ago, Tug said:

A lot of damage has been done the price of recovery will hurt all of us I’m sorry for people who have only social security to support them perhaps they should have made better decisions during their working years hopefully the dollar will strengthen in the future hang in there 

Planning for negative exchange rate fluctuations is part of the deal that we signed up for when moving abroad. Sure its sad that many people will get hurt, perhaps forced out because they can no longer qualify for extensions etc. I suppose there is always repatriation or moving to a dollarized country like Ecuador. 

Edited January 25, 2021 by Jingthing

[Isaan sailor]

21 minutes ago, Jingthing said:

Planning for negative exchange rate fluctuations is part of the deal that we signed up for when moving abroad. Sure its sad that many people will get hurt, perhaps forced out because they can no longer qualify for extensions etc. I suppose there is always repatriation or moving to a dollarized country like Ecuador. 

Agree wholeheartedly.  Can always slide over to Vietnam, although not easy with a Thai girl. When I’ve had enough, will repatriate, most likely to Maine (sea & ski).  Good luck to us all.

[Sujo]

5 hours ago, Isaan sailor said:

Sure, the S&P 500 up recently. And it has helped my portfolio for sure. But that’s cold comfort to Americans living in Thailand on a fixed income, when the Baht skyrockets to 29.97, close to a 7-year high.  Many struggle now to meet visa requirements. And with more deficit spending planned in this administration, things will get tougher in Thailand for Americans.  Social Security up 1.3&, but the Baht up far more than that.

America first.

[J Town]

9 hours ago, Isaan sailor said:

Enjoy the overpriced Baht.  I hope you live in Thailand with a fixed income from Social Security—only.  And the demise of Thai exports will also amuse and entertain you.

So you wish ill on a TV member?

[greenhornfarang]

Wheres ma money?

[placeholder]

5 hours ago, J Town said:

So you wish ill on a TV member?

So I guess we're not a band of brothers? (OK, there are a few sisters, too.)

[Nout]

On 1/20/2021 at 4:31 AM, Walker88 said:

45 was a failure in every way.

 

He inherited a growing economy; he left a Recession.

His failure to address CV-19 early on..."It's just 15 cases, and soon those will go down to zero....just disappear like magic.....Dem Hoax (used that until mid-June 2020), etc.".....has now resulted in over 400,000 deaths

He inherited unemployment of 4.8%; leaves with a questionable 6.7% and a 14 million person smaller US workforce, as 'discouraged workers' left the workforce permanently

He left the US isolated from traditional allies

He ballooned the National Debt from $19.4 trillion to $27.8 trillion

He cost the US Taxpayer---according to the GAO---over $148,000,000 for his almost 300 golf outings

 

He leaves office with the worst Approval Rating of any POTUS since Nixon, and is the first POTUS never to have topped 50% in Approval Rating, as well as hitting a personal low upon exit.

 

To throw salt in the wounds, his wife is the first FLOTUS ever to leave with a net negative Approval Rating.

The power elite in hand with mass media were opposed to him even before he won the election. Between them they shaped the mindset of the sheep. But Trump did not create division. He recognised and acknowledged the divisions that existed created by neo Marxism, wokism, critical race theory, intersectionalist theory, anti white rhetoric, anti male hate...he did not create these divisions: The left did which in its current manifestation seek the destruction of America and American values.

[placeholder]

9 minutes ago, Nout said:

The power elite in hand with mass media were opposed to him even before he won the election. Between them they shaped the mindset of the sheep. But Trump did not create division. He recognised and acknowledged the divisions that existed created by neo Marxism, wokism, critical race theory, intersectionalist theory, anti white rhetoric, anti male hate...he did not create these divisions: The left did which in its current manifestation seek the destruction of America and American values.

Another Pavlovian response. Trump also didn't do anything about the real reasons for so much division in the USA. Namely the huge transfer of wealth from the working and middles classes to the 1%. But he sure benefited from it:

 

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure

 According to a groundbreaking new working paper by Carter C. Price and Kathryn Edwards of the RAND Corporation, had the more equitable income distributions of the three decades following World War II (1945 through 1974) merely held steady, the aggregate annual income of Americans earning below the 90th percentile would have been $2.5 trillion higher in the year 2018 alone. That is an amount equal to nearly 12 percent of GDP—enough to more than double median income—enough to pay every single working American in the bottom nine deciles an additional $1,144 a month. 

https://time.com/5888024/50-trillion-income-inequality-america/

 

And there's also this:

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds

Analysis of six decades of data found that top tax rates "have had little association with saving, investment, or productivity growth." However, the study found that reductions of capital gains taxes and top marginal rate taxes have led to greater income inequality. Past studies cited in the report have suggested that a broad-based tax rate reduction can have "a small to modest, positive effect on economic growth" or "no effect on economic growth."

https://www.theatlantic.com/business/archive/2012/09/tax-cuts-dont-lead-to-economic-growth-a-new-65-year-study-finds/262438/

 

Edited January 26, 2021 by placeholder

[Jeffr2]

8 minutes ago, Nout said:

The power elite in hand with mass media were opposed to him even before he won the election. Between them they shaped the mindset of the sheep. But Trump did not create division. He recognised and acknowledged the divisions that existed created by neo Marxism, wokism, critical race theory, intersectionalist theory, anti white rhetoric, anti male hate...he did not create these divisions: The left did which in its current manifestation seek the destruction of America and American values.

Well...let's try to remember why many were opposed to him.  And have been for decades.

 

He's a habitual liar, a racist, bashes other constantly, and is only interested in himself.  The only ones who were sheep were the ones who don't understand this. 

 

Marxism?  The destruction of America?  Come on.   You really need a better source for your news.

[Opl]

26 minutes ago, Nout said:

The power elite in hand with mass media were opposed to him even before he won the election. Between them they shaped the mindset of the sheep. But Trump did not create division. He recognised and acknowledged the divisions that existed created by neo Marxism, wokism, critical race theory, intersectionalist theory, anti white rhetoric, anti male hate...he did not create these divisions: The left did which in its current manifestation seek the destruction of America and American values.

 

" There was one thing Obama, to his credit, did understand very well: how a mix of celebrity, xenophobia, and paranoia might prove a winning formula for a hostile takeover of American democracy, perhaps even putting an end to the liberal order of which he himself is a product." "What I knew was that he was a spectacle, and in the United States of America in 2011, that was a form of power. Trump trafficked in a currency that, however shallow, seemed to gain more purchase with each passing day,” Obama writes. “Far from being ostracized for the conspiracies he’d peddled, he in fact had never been bigger.”

Obama Book Explains How Birtherism Made Donald Trump (theintercept.com)

Edited January 26, 2021 by Opl

[Berkshire]

38 minutes ago, Nout said:

The power elite in hand with mass media were opposed to him even before he won the election. Between them they shaped the mindset of the sheep. But Trump did not create division. He recognised and acknowledged the divisions that existed created by neo Marxism, wokism, critical race theory, intersectionalist theory, anti white rhetoric, anti male hate...he did not create these divisions: The left did which in its current manifestation seek the destruction of America and American values.

This is pure unadulterated nonsense.  But it does give some insight into the mindset of Trump supporters.  The perpetual victim.  Biden will undo everything that Trump did...and America will be the better for it. 

[heybruce]

1 hour ago, Nout said:

The power elite in hand with mass media were opposed to him even before he won the election. Between them they shaped the mindset of the sheep. But Trump did not create division. He recognised and acknowledged the divisions that existed created by neo Marxism, wokism, critical race theory, intersectionalist theory, anti white rhetoric, anti male hate...he did not create these divisions: The left did which in its current manifestation seek the destruction of America and American values.

Lots of paranoid right-wing rhetoric, zero substance.  Typical.

[Sujo]

1 hour ago, Nout said:

The power elite in hand with mass media were opposed to him even before he won the election. Between them they shaped the mindset of the sheep. But Trump did not create division. He recognised and acknowledged the divisions that existed created by neo Marxism, wokism, critical race theory, intersectionalist theory, anti white rhetoric, anti male hate...he did not create these divisions: The left did which in its current manifestation seek the destruction of America and American values.

In hindsight they were right to go against him considering the condirion the US is in now.

[rudi49jr]

2 hours ago, Sujo said:

The left did which in its current manifestation seek the destruction of America and American values.

It's funny that you accuse the left of seeking the destruction of America and American values. I seem to remember that it were just Trump supporters (you know the usual supsects: conspiracy theories enthousiasts, white supremacists, Qanon believers, and so on and so forth) who stormed the Capitol on january 6th with a view to kill a bunch of representatives and/or senators and overthrow the American government.