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still_one

(92,510 posts)
Wed Jul 1, 2020, 09:42 AM Jul 2020

Many mornings I hear Kevin Cirilli and Jonathan Ferro on Bloomberg saying trump wins on the economy

and implying with many of the wall street guests they parade across their screen that this is the reason they believe trump has a good chance to win in spite of the polls

I am not sure what they are basing that on because a lot of people have been left behind even before the pandemic

The trade wars were a disaster, and the tax bill mostly benefited the 1%. while increasing the deficit to record highs, which we will pay for later, without much bang for the buck later

The economic polls I see are based on "approval", and I am always skeptical of approval type polls, because I don't believe they necessarily translate into actual votes:

https://www.realclearpolitics.com/epolls/other/president_trump_job_approval_economy-6182.html

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Many mornings I hear Kevin Cirilli and Jonathan Ferro on Bloomberg saying trump wins on the economy (Original Post) still_one Jul 2020 OP
It's based on bullshit Aviation Pro Jul 2020 #1
Thank-you. I was looking for the right description, and you nailed it. Artificially low interest still_one Jul 2020 #3
Yep nt live love laugh Jul 2020 #19
IMO big money loves someone who looks the other as they NoMoreRepugs Jul 2020 #2
That is the reagan trickle down policy, which history demonstrated to be a complete failure still_one Jul 2020 #4
These people work in an ivory tower Turbineguy Jul 2020 #5
I tend to agree with this. Mike 03 Jul 2020 #6
Bloomberg is much less shrill than CNBC Turbineguy Jul 2020 #9
K&R, Trump spent 3 trillion dollars for tax cuts for the rich and the middle class got the bill uponit7771 Jul 2020 #7
Which is exactly why they are cheerleading now. HotTeaBag Jul 2020 #13
Ferro is a right winger. roamer65 Jul 2020 #8
I don't have a clue why but if you judge the doc03 Jul 2020 #10
I think you point is right on. The assumption by some that the stock market is the economy is a still_one Jul 2020 #16
Dream on mofos. nt oasis Jul 2020 #11
the dow is down four thousand points from it's high..these guys shouldn't drink so early in the day spanone Jul 2020 #12
I think the problem some people make is that the stock market is the economy, and that is not still_one Jul 2020 #15
Propanda. It's very common these days. Newest Reality Jul 2020 #14
He loses on the pandemic, Russian bounties, racism, unemployement... tinrobot Jul 2020 #17
and the pandemic has brought down the economy which will be with us for some time still_one Jul 2020 #18
They're in fantasyland Azathoth Jul 2020 #20
The narrative that republicans are better at handling the economy, CrispyQ Jul 2020 #21
+++ still_one Jul 2020 #22

still_one

(92,510 posts)
3. Thank-you. I was looking for the right description, and you nailed it. Artificially low interest
Wed Jul 1, 2020, 09:49 AM
Jul 2020

rates, and throwing millions into industries that were hurt by the trade wars, etc

The failed trickled down economics

NoMoreRepugs

(9,512 posts)
2. IMO big money loves someone who looks the other as they
Wed Jul 1, 2020, 09:48 AM
Jul 2020

do whatever they want. Lowering corporate taxes and the tax rate on the mega wealthy also curries a warm response.

Mike 03

(16,616 posts)
6. I tend to agree with this.
Wed Jul 1, 2020, 10:05 AM
Jul 2020

I mostly listen to Bloomberg Radio where one hears less of that sort of dizzy-eyed cheerleading.

doc03

(35,446 posts)
10. I don't have a clue why but if you judge the
Wed Jul 1, 2020, 10:12 AM
Jul 2020

economy by Wall Street he does. The only reason I can see why the market is high is there is nowhere else to put money.

still_one

(92,510 posts)
16. I think you point is right on. The assumption by some that the stock market is the economy is a
Wed Jul 1, 2020, 10:40 AM
Jul 2020

false assumption

still_one

(92,510 posts)
15. I think the problem some people make is that the stock market is the economy, and that is not
Wed Jul 1, 2020, 10:39 AM
Jul 2020

necessarily the case


tinrobot

(10,927 posts)
17. He loses on the pandemic, Russian bounties, racism, unemployement...
Wed Jul 1, 2020, 10:47 AM
Jul 2020

But hey, look at that stock market!

Not buying it. Not buying stocks at the moment, either.

Azathoth

(4,611 posts)
20. They're in fantasyland
Wed Jul 1, 2020, 11:03 AM
Jul 2020

The economy here in the real world is on life support. Many of those furloughs are turning into layoffs now. The pain is just beginning.

Entire sectors of the economy are about to go under. The hospitality industry is extinct with the exception of restaurants which are managing to struggle through with takeout orders -- many won't last. B&M retail is hurting badly. Pretty much any business that depends on physical interaction is in deep trouble.

The crash happened so suddenly it felt like the world was being paused -- which is what should have happened, but didn't. Unemployment, the stimulus, and the fact red states basically ignored lockdown and kept their economies going have provided just enough cushion to keep that fantasy alive for the hedge fund set. But now the initial numbness is wearing off and the real damage is starting to ripple through the country, just in time for the red states to lockdown and collapse under their own self-inflicted coronavirus disasters.

CrispyQ

(36,562 posts)
21. The narrative that republicans are better at handling the economy,
Wed Jul 1, 2020, 11:24 AM
Jul 2020

is just one of many lies that the GOP has hammered into the minds of the American public, and all without any serious challenge by the democrats. Our side has been silent for 40 years while the GOP staked claims on being the party of God, the party family values, and the party of fiscal and personal responsibility. And our side? We're the tax and spend democrats. The most popular meme about the dems was created by the other side. And we didn't even bother with a comeback to that, like, tax CUT and spend republicans. Nope. Crickets. And even now, it's like the dems don't believe in marketing.

We need national campaigns that challenge each one of the GOP lies, because what they claim their party stands for and what they are, are two different things. We could start with that Joe Conservative essay. Take each of those issues and show how democratic policy helps or benefits the People and how republican policy doesn't.

George Lakoff's book, Moral Politics, goes into framing the debate, and why so many people vote based on emotion rather than logic. Too bad dem leadership doesn't hire him. Or even read his book.

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