All errors should be reported to DonSurber@gmail.com

Monday, August 10, 2020

It's the economy, Krugman



Democrats always want to tank the economy when a Republican is president in order to gain power. Both Presidents Bush succumbed to this. President Donald John Trump won't.

First, he dropped unemployment to a 50-year low. That has inoculated him from the covid 19 recession because his policies worked despite all the dire predictions Democrats made.

Remember Nobel Prize Economic Laureate Paul Krugman's brilliant assessment on election night 2016?

He wrote, "It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

"Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.

"Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never."

The stock market has risen 50% since he made that prediction. Twice. Covid 19 finally tanked stocks in February. President Trump brought them back. It's the economy, stupid Krugman. And that is the trump card of President Trump.

Nancy Pelosi and her deranged Democrat Party thought they could tank the economy again by denying President Trump another covid 19 relief bill.

He shrugged it off and signed 4 executive orders implementing it. To those who say he does not have the power, I say take it to the Supreme Court, baby, and just try to square it with Homeland Security v. California. If Obama can ignore immigration laws to create DACA, President Trump can ignore Congress and bring financial relief to real Americans.

As expected, the stuffy Wall Street Journal nagged.

In an editorial, it said, "These columns opposed Mr. Obama’s orders, and one constitutional abuse doesn’t justify another. Mr. Trump’s FEMA order is a bad legal precedent that a President Kamala Harris could cite if a GOP Congress blocked her agenda on, say, climate change."

Hmm, that is interesting. The Journal argues that Obama's use of this power does not justify President Trump's use but somehow Trump's use manages to justify President Harris's use.

Of course, Obama's abuse does justify this. As I said, the Supreme Court's decision on DACA is the law of the land.

Somehow, the Supreme Court and presidents now write the law but Congress does not. We really should fix that. Democrats can go first by declaring DACA invalid.

Until then, you fight the battle with the weapons you have. A pen and a phone are President Trump's sling and his shot. If a little shepherd boy can bring down Goliath with it, why not Donald Trump?

The president has other weapons and he is using it on Red China, which has endorsed his opponent.

His sanctions are sticking.

Mike Bloomberg's own news service said so.

Bloomberg reported, "It’s starting to look like the biggest obstacle to China’s rise as a global technology superpower may well be its own government. As long as countries around the world mistrust China’s Communist regime, they will worry about Beijing using mainland companies to gather data on users, shape media content and interfere with critical infrastructure. If those companies in turn aren’t allowed to expand globally, China could find itself stuck in an increasingly uncompetitive bubble.

"That’s what’s so dangerous about the travails of Chinese apps TikTok and WeChat, as well as companies such as telecom giant Huawei Technologies Co. On Thursday, President Donald Trump issued executive orders giving anyone subject to U.S. jurisdiction 45 days to stop dealing with TikTok’s Beijing-based parent, ByteDance Ltd, as well as internet giant Tencent Holdings Ltd. in transactions related to its WeChat app. (Microsoft is aiming to buy TikTok’s U.S. operations before the deadline.) This follows an outright ban on TikTok and WeChat in India.

"Meanwhile, last month the U.K. became the latest country to bar Huawei from its 5G telecommunications networks. And the Trump administration seems intent on going further yet. Last week, U.S. Secretary of State Mike Pompeo announced an initiative that suggests the administration’s end goal is to scrub Chinese tech from U.S. communications networks entirely."

Britain and the rest are dumping Huawei under pressure from President Trump.

And the hits keep coming. Last week, the Wall Street Journal reported, "President Trump signed an executive order on Thursday to help increase production of essential medicines, medical equipment and protective gear in the U.S."

Na-na-na-na.

Na-na-na-na.

Hey, hey, hey.

Goodbye.

President Trump's economic policies are working. May, June, and July saw the hugest increases in employment ever as the unemployment rate dropped like a bag of cement in the Chicago River. We went from 14.7% unemployment to 10.2% in just 3 months.

Democrats could not do that in 3 years.

And the rate should dip below 10% this month.

Reuters reported, "Job openings, a measure of labor demand, rose 518,000 to 5.9 million on the last day of June, the Labor Department said on Monday in its monthly Job Openings and Labor Turnover Survey, or JOLTS. Vacancies were below their level of 7 million in February."

7 million was a record high.

Job openings were 5.6 million when he took office. Even with covid 19, we are better off now than we were 4 years ago.

Or getting there.

13 comments:

  1. My bible devotion this morning was Exodus 33. Verse 3 reads:

    Go up to the land flowing with milk and honey. But I (the Lord) will not go with you, because you are a stiff-necked people and I might destroy you on the way.

    Paul Krugman, please report to a white paging telephone...

    ReplyDelete
  2. It's not going to be pleasant for Biden and company to be branded as China's Quislings, which is bound to happen between now and November.
    NB

    ReplyDelete
  3. I don't always comment but when I do I talk Veepstakes


    Ah Democratic primaries and conventions, that magical time when The Liberal press can actually use their thinking parts and analyze candidates based on these things called merits. It's so refreshing you can actually SEE the little disused gears of logic spin furiously to discern which Lib-pol is better than another.

    Chris Cillizza, just penned such an article he has the "final" VP rankings. And if logic EVER figured into these things he would be right.

    But in this era it's Dem's brains on Trump. So logic is out the window.

    He ranks some duck-head white woman along with Gretchen Whitmer at 4 and 3. (side note a Gretchen will NEVER be a national candidate just like Karen will never be one, also Duckworth is a TERRIBLE name on the ticket)

    People BELIEVE that voters don't care about names, but if you look back on our 45 Presidents there is not a weird name among them. (food for thought)

    Next the Bridesmaid is Susan Rice. Funny, she's not held a political office and she just might be the only VP candidate to be indicted after being placed on the ticket so SHE of the "memo to self" infamy is ALSO a no go.

    Which leaves the ever leftover bride to be Senator Kamala Harris. So here's the deal Kamala has a few obvious flaws

    1 - She slept with Willie Brown to get a leg up(ha!) in her political career... and Willie BOASTS about it LOUDLY

    2 - She is from a family of caribbean plantation owners who actual literally OWNED Laves with and S in front. Now how on earth people can honestly think that this is OK after BLM-ista summer, I don't know. But you can bet this little "delay" in VP choosing was due to people actually VETTING the VP choice and Kamala came (ha!) up short.

    So what are we left with? Spoiler Alert! no good Woman candidate in the bunch!

    But here's the BIG reason why no woman will be VP. In leadership there is what's called the Queen Bee complex. Wherein a woman in senior leadership appears in most cases to thwart lower level women seeking advancement. Why is this? Scientists are still debating. But you can bet that all the Hillary supporters ARE NOT going to let anyone on the Presidential ticket that DID NOT do their time! Sure they put up with Obama (even though he derailed St. Hillary) but Democratic activist white women ARE NOT going to let any young-ish black woman cash in on the cred Hillary fought and bled for. And Pelosi KNOWS this which is why there is a BIG gap between her and Kamala these days.

    So a Black Woman will NEVER be accepted by White Dem Women. A white Karen type woman will NEVER be accepted by Black Dem Activists.

    What is Hillary-ous about all this is that it's ALL a Self Inflicted Biden idiot move. This is what you get when you proclaim "a woman will be vp" and there are no good choices left. If Biden had done the SMART thing and just said I'll choose the most qualified (TM) he could get away with his inevitable choice of a white male VP.

    NOW he can't gracefully do that without offending Black or White women. You have to be a special kind of stupid to pull this stunt BEFORE you are even nominated!

    ReplyDelete
    Replies
    1. The situation is dire enough to bring out the big gun.

      MICHELLE OBAMA!

      Watch!

      - Toby Flenderson

      Delete
    2. There was one oddly named president and he was THE WORST EVER. Barack Hussein Obama aka Barry Sotero.

      Delete
    3. “You took the words right outta my mouth...”

      Delete
    4. So how much is a Duckworth?

      Delete
  4. Don, I don't want to seem critical, but shouldn't have you posted:

    " It's the economy, stupid Krugman. "?

    ReplyDelete
    Replies
    1. You are absolutely correct. I shall fix it. Thanks

      Delete