2016 Postmortem
Related: About this forumDonald Trump gave an interview this morning that should be shocking — but we’re numb
by Matthew Yglesias on September 12, 2016, 12:00 p.m. ETDonald Trump went on CNBC this morning, and, over the course of a wide-ranging interview, once again reminded the world of the most fundamental fact about his candidacy he doesnt really seem to understand any aspect of American public policy.
Benefitting as he often does from a cable news format, he was allowed to ramble and dissemble across a variety of topics including who sets interest rates, how monetary policy impacts the economy, and how his own money is invested, finding time for a racist personal attack against a rival politician.
"I believe its a false market," Trump said of the current state of American stocks. "I dont even invest in the stock market."
Trumps personal financial disclosures to the Federal Election Commission have been fairly skimpy given the complicated nature of his finances, but they clearly show that he does in fact own millions of dollars in stock. What he thinks is false about the market is that he believes stock prices would fall if the Federal Reserve raised interest rates. He also thinks Fed Chair Janet Yellen should be "ashamed" of what shes doing to the country with her low interest rate policy. Trump then offered the theory that this is all being done to somehow help out Barack Obama.
-snip-
http://www.vox.com/2016/9/12/12887522/donald-trump-interview-shocking-numb
Kathy M
(1,242 posts)Trump needs to release his taxes . Period . Releasing taxes will show another lie of his . Trump really wants to play around with
everyone's 401K and other investments ? Words matter Trump , does he want another melt down like at the end of Bush's term or worse ?
barbtries
(28,799 posts)that would be just fine by him.
Fast Walker 52
(7,723 posts)I can't believe the GOP is putting up with this... how morally bankrupt can they be?
vinny9698
(1,016 posts)The GOP is afraid of alienating their base, which is 100% pro Trump.
They are just going to the motions, but they are already preparing for a Hillary victory and on how to "Obama" her.
Fast Walker 52
(7,723 posts)and if they had morals, they would tell their base the base is wrong by disavowing Trump.
But of course, they are the GOP, so morally bankrupt is pretty normal.
oioioi
(1,127 posts)Fast Walker 52
(7,723 posts)0rganism
(23,957 posts)it's really strange to see the GOP in a "victim role", but tRump is actively destroying their party and they're in a really tough spot with what to do now. imho the healthiest thing for them to do would be for the RNC to disavow tRump and all he stands for, but they have no idea how to do that with their elected nominee. they're in a huge bind.
abandon tRump and piss off their base bigly, or let the tRumpFuckery continue and lose every national election for the next 20 years?
either way, this is why i've said his nomination signaled the death of the GOP. we're watching it squirm and wriggle around now, but it's pinned to the mat, partially through its own choices and inability to adapt. the M$M has the GOP on life support, because they're nervous about what comes next and how to cover it profitably, but in the end they know what's up too, they're just scared to talk about it.
ProfessorPlum
(11,257 posts)Let's hope it is as dire for them as it seems.
Fast Walker 52
(7,723 posts)despite everything. He's such a bizarre force and the media is being COMPLETELY irresponsible. Fuck.
0rganism
(23,957 posts)try this thought experiment if you like:
1. in 2000 W got a lot of help from sympathetic media outlets
2. the 2000 election was exceedingly close, and W actually lost the popular vote
3. W got nearly half of the Hispanic vote in 2000 (well over 40%, like 45% iirc)
4. after the 2012 election, the GOP published a post-mortem in which their "best and brightest" concluded that they needed a strong minority outreach to remain viable in the context of changing demographics
5. (and this is the important part) how much of the Hispanic vote do you honestly believe Trump could win? (personally, i see his ceiling at around 30%, and ~20% is far more likely)
6. similarly with other minority demos, Trump underperforms Romney with Blacks, Asians, Women (not really a minority but face a lot of similar circumstances), people with college degrees, and LGBT. seriously. in some recent state polls of Ohio, Trump actually got 0% of the black vote. 0%. that's goddam amazing.
7. now ask yourself this: "what, outside of a massive terror attack in October and/or voter suppression on a previously unseen and unimagined scale, could turn this election around?"
consider: recent polls put Arizona and Georgia in play. HRC's campaign is actually buying ad time in Georgia. it's been a while since a presidential campaign ran ads in Georgia. if that's how the battleground has shifted, the GOP is in real trouble. which leads to
8. "which states that Obama won in 2012 can Trump possibly win in 2016?" cos he has to win a few of them, and right now President Obama is posting around 58% job approval.
in some ways, the Republican implosion really isn't all Trump's doing; it's partly a consequence of the gradual demographic shift that's coming over the country, and the GOP's staunch unwillingness to adapt accordingly. Trump is simply acting as a catalyst, speeding up a process that was already underway.
Don't get me wrong, we all need to stay active, contribute, and GOTV for this to play out optimally, but this time you can set your worries aside and operate from a position of strength
Fast Walker 52
(7,723 posts)I just am appalled by the media attitude (granted it's not a monolith and some outlets are doing a good job), and their endless unhinged denigration and unfair treatment of Hillary, e.g., the Matt Lauer event last week.
Angry Dragon
(36,693 posts)turbinetree
(24,703 posts)sarcasmo
(23,968 posts)louis-t
(23,295 posts)to raise interest rates. The very rich are tired of not making more money on their money.
Lucky Luciano
(11,257 posts)These low rates have inflated their assets massively if they are not in cash!
Angel Martin
(942 posts)when the likelihood of a Fed increase rose on friday, the value of just about every single financial asset fell. Stocks, treasuries, corporates, high yield, foreign currencies, foreign stocks, foreign bonds, commodities - all down.
About the only things that didn't fall were the US dollar, the VIX and some Ag commodities.
yellowcanine
(35,699 posts)People will lose confidence in financial markets if they think the Fed is making decisions based on political considerations.
world wide wally
(21,744 posts)Are we supposed to take his word for it?
LOL
ffr
(22,670 posts)for him and his family. If not for gaming the system, for the pure raiding of the U.S. Treasury, much like W did during his administration.
Take your government back. Vote for a democrat!
lillypaddle
(9,580 posts)sinkingfeeling
(51,460 posts)rates are good for business loans?
MBS
(9,688 posts)Even more horrifying that anyone would consider voting for this horror.