Trump says ‘stock market would be down 10,000 points by now’ had ‘the opposition’ done this

President Donald Trump on Tuesday tweeted that the stock market would effectively have crashed had he lost the 2016 race for the White House, reiterating a number of similar statements he has made that have assigned credit to his administration for buoying financial markets over the past two-plus years.

Trump didn’t specify which benchmark he was referencing but, the 45th president was likely referring to the Dow Jones Industrial Average DJIA, +0.08% which has gained 42%, or more than 7,600 points, since the day before his stunning victory over Democrat Hillary Clinton on Nov. 8, 2016. (A 10,000-point fall in the Dow would have taken the blue-chip gauge to 8,259, representing a 55% tumble.)

Meanwhile, the S&P 500 SPX, +0.19%  has climbed 30.2% and the technology-heavy Nasdaq Composite Index COMP, +0.21%  has advanced by roughly 45% over the same period, according to FactSet data.

Perhaps more than any other president, Trump has hitched his success to that of the stock market.

He has signed into law a late-2017 corporate tax cut that delivered a fillip to U.S. stocks. However, Trump is dogged by an investigation into whether his presidential campaign colluded with Russia and his hard-charging tactic in negotiations with China on tariffs has helped to roil markets, even if there is hope that the testy discussions lead to a fairer trade pact between the two largest economies in the world.

[MarketWatch]

Reality

Donald Trump is again trying to take credit for a stock market that was booming, at the start of his presidency.

The reality is, the stock market was booming years before he took office, smashing an all-time record in 2014, thanks to the economic policies of President Barack Obama.

Frazzled and furious Trump attacks McCabe, Mueller and the media in hours-long Twitter meltdown

President Donald Trump closed Presidents Day weekend with a repeat performance of his late Sunday night into early Monday morning tweetstorm. For the second night in a row the President was up late Monday launching angry – and this time, juvenile – tweets, attacking his favorite targets: the Mueller investigation, former Acting FBI Director Andrew McCabe, and, as usual, the media.

And accusing some, like McCabe, of “Treason!”

Trump was clearly watching Fox News’ Sean Hannity when he tweeted that attack, and clearly he liked the “lying & leaking” part because about 30 minutes later, this juvenile attack:

Less than nine hours later, Trump was back with the attacks, again, quoting Fox News:

And then, minutes later, the media:

And then, the Democrats. Trump has literally no idea how the U.S. court system works. He thinks California has the option of filing a lawsuit in, say, Maine. They don’t. The 9th Circuit has jurisdiction over California, but Trump doesn’t understand that, so he displays his ignorance time and time again. But he’s also wrong: it’s 16 states, not cities, led by California.

“As I predicted, 16 cities, led mostly by Open Border Democrats and the Radical Left, have filed a lawsuit in, of course, the 9th Circuit! California, the state that has wasted billions of dollars on their out of control Fast Train, with no hope of completion, seems in charge!”

All in all, 10 tweets in 10 hours, including, quite ironically – and an amazing self-own – this:

[Raw Story]


Rush Limbaugh Denies He Influences Trump. Hours Later, Trump Quotes Him in Coup-Touting Tweet.

On Sunday, conservative radio host Rush Limbaugh denied he had influence over President Donald Trump.

Calling it a false narrative spread in the media, Limbaugh said this to Fox’s Chris Wallace on Fox News Sunday: “If these people in the media, Chris, really thought that I was telling Trump what to do and when, they’d be calling me, they’d be asking me about it, they’d want to get down to the dirty details.”

He added: “People don’t really believe what they’re saying about this…It’s just another effort to continue to try to diminish the president, diminish Trump, as somebody who doesn’t know what he’s doing, can’t do it without guidance from the so-called wacko right.”

Yet, hours later, Trump tweeted out this, quoting Limbaugh’s claim of a “silent coup” against the president:

[Mediaite]

Japan’s PM nominated Trump for Nobel Peace Prize on U.S. request

Japanese Prime Minister Shinzo Abe nominated U.S. President Donald Trump for the Nobel Peace Prize last autumn after receiving a request from the U.S. government to do so, the Asahi newspaper reported on Sunday.

The report follows Trump’s claim on Friday that Abe had nominated him for the Nobel Peace Prize for opening talks and easing tensions with North Korea.

The Japanese leader had given him “the most beautiful copy” of a five-page nomination letter, Trump said at a White House news conference.

The U.S. government had sounded Abe out over the Noble Peace Prize nomination after Trump’s summit in June last year with North Korean leader Kim Jong Un, the first meeting between a North Korean leader and a sitting U.S. president, the Asahi said, citing an unnamed Japanese government source.

A spokesman for Japan’s Foreign Ministry in Tokyo said the ministry was aware of Trump’s remarks, but “would refrain from commenting on the interaction between the two leaders.”

The White House had no immediate comment when contacted by Reuters.

The Nobel Foundation’s website says a nomination for the Nobel Peace Prize may be submitted by any person who meets the nomination criteria, which includes current heads of states. Under the foundation’s rules, names and other information about unsuccessful nominations cannot be disclosed for 50 years.

[Reuters]

Trump Urges ‘Retribution’ Against Saturday Night Live and ‘Many Other Shows’

Donald Trump‘s Sunday morning rage-tweet began with the suggestion of “retribution” against Saturday Night Live after the sketch show lampooned his “national emergency” press conference, in a pair of tweets that could serve as the script for next week’s show.

Trump slammed SNL and “many other shows,” called for “retribution,” and suggested that comedy shows be investigated for “collusion”:

Saturday night’s episode of SNL featured a cold-open that tore into the press conference at which Trump admitted his national emergence was not a national emergency while he was declaring a national emergency. There was also a biting segment during Weekend Update in which Chuck Schumer and Nancy Pelosi rubbed Trump’s nose in the border compromise deal.

This is not the first time Trump has levelled accusations of “collusion” and suggested action against this particular television program. In December, Trump said that SNL and “unfair news coverage” should be “tested in courts.”

It is unclear what, exactly, Trump wants investigated, or what “retribution” he thinks is in order, but the First Amendment appears to protect comedy shows, even if they all make fun of the same guy.

[Mediaite]

Trump Brags of 52% Approval Rating, From a Single Day in a Single Republican Daily Poll, Several Days Ago

n Trump’s third tweet this morning he cited numbers from an unnamed poll that he claims shows a 52 percent approval rating, 93 percent among the Republican Party: “Pretty amazing considering that 93% (also) of my press is REALLY BAD. The PEOPLE are smart!”

[Palm Beach Daily News]

Reality

Trump is cherry picking the Republican-leaning Rasmussen polls again. This number is from a single daily poll from one polling company… from several days ago.


Trump warns Europe he will free ISIS fighters if allies won’t prosecute them

President Donald Trump threatened Sunday to release hundreds of Islamic State fighters being held in Syria if allies in Europe don’t agree to take custody of the militants.

“The United States is asking Britain, France, Germany and other European allies to take back over 800 ISIS fighters that we captured in Syria and put them on trial,” Trump said in a late-night tweet. “The Caliphate is ready to fall. The alternative is not a good one in that we will be forced to release them.”

Trump, who intends to pull U.S. troops out of northern Syria, said the likely destination for the militants would be European countries. “The U.S. does not want to watch as these ISIS fighters permeate Europe, which is where they are expected to go,” Trump said.

During the civil war in Syria, hundreds of militants flooded into the country, many coming from Europe to join ISIS’ ranks. It’s unclear how many of the militants Trump is referring to are actually European citizens.

Trump’s comments come as global leaders wrap up three days of security talks in Munich, where the conflict in Syria was among the agenda items.

James Jeffrey, the U.S.’s special representative on Syria issues, said in Munich that the U.S. will leave northeastern Syria, but the troop pullout will not be abrupt.

“It will be an orderly step-by-step withdraw,”Jeffrey said without offering a timeline.

In December, Trump called for a complete withdraw of U.S. forces in the country. And on Saturday, Vice President Mike Pence reiterated that the U.S. still plans to wind down the mission in Syria.

Still, the U.S. said it intends to keep its coalition together and wants allies to play a larger role in the broader campaign to root out ISIS elements.

Jeffrey said there are hundreds of ISIS cells scattered throughout the region. U.S. air power will remain ready to respond when needed, he said.

Trump has essentially declared victory over the group, which has been forced out of all its former strongholds in Iraq and Syria. But there remain concerns that ISIS could regroup if the U.S. pulls out. Trump said the time has come for other countries to pick up the slack.

“We do so much, and spend so much – Time for others to step up and do the job that they are so capable of doing. We are pulling back after 100% Caliphate victory!,” Trump tweeted.

[Stars and Stripes]

Reality

Trump promised in the campaign he had a secret plan to defeat ISIS in 90 days. Instead:

1. 90 days came and went.

2. Said you’ll have a plan soon.

3. Your plan was to give the generals 90 days to formulate a plan.

4. Their plan was Obama’s strategy.

5. You take credit for #winning.

Federal judge halts Trump attempt to discharge service members deemed ‘unfit’ only because they are HIV-positive

A federal judge has issued a ruling from the bench halting the Trump administration’s attempts to discharge service members merely due to their HIV-positive status. The order goes into effect immediately for the U.S. Air Force after two airmen sued Acting Secretary of Defense Patrick Shanahan.

“The two Airmen serving as plaintiffs, who filed pseudonymously, were given discharge orders at the end of last year after being found ‘unfit for continued military service’ despite compliance with medical treatment and physical fitness requirements,” Lambda Legal announced Friday.

The lawsuit was filed by Lambda Legal and OutServe-SLDN, with partner law firm Winston & Strawn.

“These decisions should be based on science, not stigma, as today’s ruling from the bench demonstrates,” Lambda Legal’s Scott Schoettes said, calling the judge’s decision, ” a major victory.”

Equality Cases Files published a copy of the ruling here.

[Raw Story]

Trump uses racist accent to declare the death penalty for drug dealers makes him ‘excited’

In the middle of a speech declaring a national emergency at the U.S.-Mexico border, a sniffling President Donald Trump segued into the details of trade negotiations with China, and said he was ‘most excited’ about language providing for the death penalty for drug dealers. Trump also made a point of imitating Chinese President Xi Jinping’s accent.

Trump said that before discussing trade with the Chinese president at the summit in Argentina in December, they discussed the problem of drugs.

“I said, ‘listen, we have tremendous amounts of fentanyl coming into our country, kills tens of thousands of people, I think far more than anybody and I’d love you to declare it a lethal drug and put it on your criminal list,’” Trump said, adding that he was surprised when Xi told him China didn’t have the same problems with drugs as the U.S.

“I said ‘you have 1.4 billion people, what do you mean you have no drug problem?’” Trump said. Then, in an accent meant to approximate Xi’s, Trump said the Chinese leader replied, “‘Death penalty. We give death penalty to people that sell drugs, end of problem.’” 

Trump said America should adopt the same policy.

“President Xi agreed to put fentanyl on his list of deadly, deadly drugs, and it’s a criminal penalty and the penalty is death,” Trump said. “So that’s frankly one of the things I’m most excited about in our trade deal.”

[Raw Story]

Trump just tweeted a video of Democrats looking sad set to REM’s “Everybody Hurts.” Really.

After declaring a national emergency to get his wall at the US-Mexico border on Friday, President Donald Trump took a little time on Twitter to mock his Democratic critics — and Mitt Romney.

The tweet features a video of Trump’s State of the Union last week, with REM’s “Everybody Hurts” playing in the background, and shots of various Democrats — Cory Booker, Elizabeth Warren, Kamala Harris, Alexandria Ocasio-Cortez, and more — looking sad while they watched Trump speak. There is also a cut to Romney, who’s at times critical of Trump.

The video is credited to @Carpedonktum, a pro-Trump meme-maker — making it even weirder, since presidents usually don’t promote random Twitter accounts’ content.

Sure, this is funny — if, say, The Daily Showor Stephen Colbert does something like it.

But for the president to tweet it, it’s alarming. In the past, presidents have tried to keep at least a bit of an appearance that they respected and were willing to work with the other party. With his tweet, Trump is doing nothing of the sort; he’s just mocking his Democratic rivals.

It’s another example of how strong negative partisanship — or, in conservative parlance, “owning the libs” — has become. On both sides of the aisle, people love dunking on the other team. As American politics becomes more and more polarized, and Republicans in particular move in more extreme directions, this is becoming a bigger problem — one that’s fracturing both sides’ ability to work together to pass legislation and solve problems.

This even showed up in Trump’s State of the Union speech. Peter Baker reported for the New York Times that the initial speech was supposed to promote a more unified, bipartisan message, but Trump tried to edit it to make it meaner to Democrats — because, Baker wrote, Trump was still “stung by his failure to use a partial government shutdown to pressure Congress into paying for his border wall.”

And we’ve seen it in governments’ inability to really function in recent years, with various threats that the debt ceiling won’t be increased and multiple government shutdowns.

All of that may lead to some funny, unexpected tweets. But those tweets are a symptom of America’s broken politics.

[Vox]

1 156 157 158 159 160 400