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4/13/2017 9:08:41 PM |
Trump Truth Train Crashes |
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naprinciple
West Plains, MO
48, joined Feb. 2014
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Trump Flips On Five Core Campaign Promises In Under 24 Hours
by Tyler Durden
Apr 13, 2017 5:03 AM
Blink, and you missed Trump's blistering, seamless transformation into a mainstream politician.
In the span of just a few hours, President Trump flipped to new positions on several core policy issues, backing off on no less than five repeated campaign promises.
In a WSJ interview and a subsequent press conference, Trump either shifted or completely reversed positions on a number of foreign and economic policy decisions, including the fate of the US Dollar, how to handle China and the future of the chair of the Federal Reserve.
Goodbye strong dollar and high interest rates
In an announcement that rocked currency markets, Trump told the WSJ that the U.S. dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. “I do like a low-interest rate policy, I must be honest with you,” Mr. Trump said. “I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting—that will hurt ultimately,” he added. “Look, there’s some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good.”
Trump then said the one thing that every other currency manipulator realizes all too well: “It’s very, very hard to compete when you have a strong dollar and other countries are devaluing their currency.”
During his campaign Trump had repeatedly said that a "strong dollar" policy would be beneficial for the US economy, despite our repeat warnings that he will inevitably reverse on this, especially if and when the "Goldman" circle of advisors starts providing macroconomic advice.
It is unclear if the shift in Trump's policy will mean that US economic data will now "mysteriously" begin to deteriorate to justify not only his request for a weaker dollar, but to also hit the breaks on Yellen's plans for further rate hikes over the next 2-3 years. In any case, the debate over the Fed's balance sheet unwind, and the trajectory of Fed hikes, is now on indefinite hiatus.
The biggest loser here, again, are America's savers who may have been hoping that their bank deposits will finally earn some interest.
As for the most notable outcome from this Trump statement, is that it counters his "desire" for a weaker dollar with the Fed's tightening bias. Will fireworks fly as Trump realizes that Yellen's actions are prompting the strong dollar? Stay tuned for what may be the most entertaining clash yet: Trump vs Yellen.
* * *
Labeling China a currency manipulator
Trump also told the Wall Street Journal that China is not artificially deflating the value of its currency, a big change after he repeatedly pledged during his campaign to label the country a currency manipulator.
"They’re not currency manipulators," the president said, adding that China hasn’t been manipulating its currency for months, and that he feared derailing U.S.-China talks to crack down on North Korea. Trump routinely criticized President Obama for not labeling China a currency manipulator, and promised during the campaign to do so on day one of his administration.
Trump's declaration also means that Peter Navarro may as well pack his bags, as the Goldman economic advisory team has now won its contest with the "Bannon nationalist" circle.
* * *
Yellen's future
Trump also told the Journal he’d consider re-nominating Yellen to chair the Fed's board of governors, after attacking her during his campaign." I like her. I respect her,” Trump said, “It’s very early.”
Trump called Yellen “obviously political” in September and accused her of keeping interest rates low to boost the stock market and make Obama look good. “As soon as [rates] go up, your stock market is going to go way down, most likely,” Trump said. "Or possibly.”
* * *
Export-Import Bank
Trump also voiced support behind the Export-Import Bank, which helps subsidize some U.S. exports, after opposing it during the campaign.
“It turns out that, first of all, lots of small companies are really helped, the vendor companies,” Trump told the Journal. “Instinctively, you would say, ‘Isn’t that a ridiculous thing,’ but actually, it’s a very good thing. And it actually makes money, it could make a lot of money.”
Trump’s support will anger conservative opponents of the bank, who say it enables crony capitalism.
* * *
NATO
Finally, Trump said NATO is "no longer obsolete" during a Wednesday press conference with NATO Secretary General Jens Stoltenberg, backtracking on his past criticism of the alliance. During the campaign, he frequently called the organization "obsolete," saying did little to crack down on terrorism and that its other members don’t pay their “fair share.”
“I said it was obsolete. It is no longer obsolete," the president said Wednesday.
Trump has gradually become more supportive of NATO after it ramped up efforts to increase U.S. and European intelligence sharing regarding terrorism. Trump still insisted that NATO allies “meet their financial obligations and pay what they owe.” He said he discussed with Stoltenberg his desire that allies put 2 percent of their gross domestic products into defense by 2024.
* * *
Add to this Trump's first, most prominent reversal, the launch of air strikes on Syria last Friday after repeatedly bashing Obama for even considering that, and Trump's transformation into a mainstream politician now appears complete.
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4/13/2017 9:16:05 PM |
Trump Truth Train Crashes |
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longbobby
Lufkin, TX
56, joined Aug. 2010
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What do you know about CIA mind control drugs, nap?
Ever hear of the CIA's Mk Ultra?
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4/13/2017 9:20:27 PM |
Trump Truth Train Crashes |
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naprinciple
West Plains, MO
48, joined Feb. 2014
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What do you know about CIA mind control drugs, nap?
Ever hear of the CIA's Mk Ultra?
Then why have a vote to begin with, if evil people can just mind control politicians into acting against their own moral compass?
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4/13/2017 9:25:19 PM |
Trump Truth Train Crashes |
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longbobby
Lufkin, TX
56, joined Aug. 2010
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Then why have a vote to begin with, if evil people can just mind control politicians into acting against their own moral compass?
MK Ultra is but one possibility. The other more likely possibility is nuclear blackmail.
Syria update: Russian S-400 ADA missile system shot down 59 Tomahawks
https://DateHookup.dating/thread-1467718-16.htm
2nd page.
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4/13/2017 9:28:24 PM |
Trump Truth Train Crashes |
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naprinciple
West Plains, MO
48, joined Feb. 2014
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Was Obama mind controlled into breaking his promises too?
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4/13/2017 9:31:10 PM |
Trump Truth Train Crashes |
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longbobby
Lufkin, TX
56, joined Aug. 2010
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Read what I posted in my thread and then get back to me.
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4/13/2017 9:37:56 PM |
Trump Truth Train Crashes |
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naprinciple
West Plains, MO
48, joined Feb. 2014
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If you don't want to answer, just say so.
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4/13/2017 9:57:27 PM |
Trump Truth Train Crashes |
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61falcon
New Hope, PA
76, joined Feb. 2008
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Trump will say anything if he thinks it plays to the group he is currently addressing,he has no moral compass or real convictions.He'll say anything, if he thinks the particular audience will respond positively.
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4/13/2017 9:58:33 PM |
Trump Truth Train Crashes |
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reginamc
Las Vegas, NV
62, joined Mar. 2011
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They just don't understand how he makes people do what he wants. It's an art.
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4/13/2017 10:04:41 PM |
Trump Truth Train Crashes |
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longbobby
Lufkin, TX
56, joined Aug. 2010
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If you don't want to answer, just say so.
If you don't want to read what I posted, then you should say so.
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4/13/2017 10:06:31 PM |
Trump Truth Train Crashes |
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longbobby
Lufkin, TX
56, joined Aug. 2010
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Quote from the ...
rump will say anything if he thinks it plays to the group he is currently addressing,he has no moral compass or real convictions.He'll say anything, if he thinks the particular audience will respond positively.
----------------------------------------
That's an outstanding description of Buttcrackus Insane Osh*tface.
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4/13/2017 10:07:56 PM |
Trump Truth Train Crashes |
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trackker
Vancouver, WA
35, joined May. 2014
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Of course Trump is going to flip on some things, he's not a God
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4/14/2017 12:26:46 AM |
Trump Truth Train Crashes |
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snowtires88
Angel Fire, NM
29, joined Jan. 2016
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Trump and Truth in the same sentence hahahahaha
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4/14/2017 12:31:04 AM |
Trump Truth Train Crashes |
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naprinciple
West Plains, MO
48, joined Feb. 2014
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Trump and Truth in the same sentence hahahahaha
How about this sentence?
Trump can't tell the truth?
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4/14/2017 12:44:21 AM |
Trump Truth Train Crashes |
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fallguy02379
Brockton, MA
53, joined Sep. 2011
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They just don't understand how he makes people do what he wants. It's an art.
i feel so sorry for the gullible
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4/14/2017 12:52:09 AM |
Trump Truth Train Crashes |
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condor_0000
Tampa, FL
60, joined Feb. 2013
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Hillary Clinton had a facelift. Here's how she looks today:
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4/14/2017 10:56:12 AM |
Trump Truth Train Crashes |
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longbobby
Lufkin, TX
56, joined Aug. 2010
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Trump just announced he’s betraying his biggest campaign promise on China
http://www.vox.com/policy-and-politics/2017/4/12/15276544/trump-china-reverse-currency-manipulator
He’s backing off from his vow to blacklist the country as a currency manipulator.
And currency manipulation is the FED's job, dammit!
(Ahem)
This may be the quid pro quo for China to push against North Korea.
We can't expect the Zio Media to admit that though.
Being factual and/or truthful isn't what they do.
[Edited 4/14/2017 10:56:29 AM ]
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4/14/2017 11:03:31 AM |
Trump Truth Train Crashes |
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kraven_morehed
Greenwood, LA
96, joined Jul. 2014
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"trump TRUTH train"??????
that motherfvcker was derailed before it ever left the station!!!!
[ it was derailed before it was ever even BUILT!!!!!! ]
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4/14/2017 11:04:43 AM |
Trump Truth Train Crashes |
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maggievalleymtn
North Myrtle Beach, SC
64, joined Jun. 2013
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Did she grow a gut and a fat a** and lose her hair, too?
Hillary Clinton had a facelift. Here's how she looks today:
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4/14/2017 11:50:17 AM |
Trump Truth Train Crashes |
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mralwaysrite
Estevan, SK
55, joined Feb. 2014
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Trump just announced he’s betraying his biggest campaign promise on China
http://www.vox.com/policy-and-politics/2017/4/12/15276544/trump-china-reverse-currency-manipulator
He’s backing off from his vow to blacklist the country as a currency manipulator.
And currency manipulation is the FED's job, dammit!
(Ahem)
This may be the quid pro quo for China to push against North Korea.
We can't expect the Zio Media to admit that though.
Being factual and/or truthful isn't what they do.
http://www.breitbart.com/news/trump-flipflops-on-nato-china-russia-syria-trade-and-more/
Breitbart News
Breitbart News
Breitbart News
Breitbart News
Breitbart News
Trump flipflops on NATO, China, Russia, Syria, trade and more
Washington (AFP) – Donald Trump has long been seen as mercurial, but maybe never quite so much as this past week.
The US president in recent days abandoned a series of campaign promises and strident world views that were held for months and, in some cases, years.
From China to Syria, trade to the dollar, a rapid succession of 180 degree reversals has left Washington, foreign capitals and Trump’s own fans with a nasty case of political whiplash.
Just 87 days ago Trump declared NATO “obsolete.” On Wednesday he proclaimed “it’s no longer obsolete,” a seemingly miraculous rediscovery of purpose for the usually slow-moving alliance.
After talks and a slice of chocolate cake at Mar-a-Lago, China’s Xi Jinping was no longer responsible for the “rape” of the US economy. Instead, Xi was a leader with whom Trump enjoyed good “chemistry” and “bonding.”
Others were not so lucky — falling on the wrong side of Trump’s list of good guys and bad guys.
Syrian President Bashar al-Assad went from tolerated leader to political dead man walking, after Trump saw images of toddlers suffocating from a suspected sarin attack blamed on Damascus.
“That’s a butcher. That’s a butcher,” Trump said, adding there was no place for Assad in Syria’s future politics.
“There is a moral affront and there is maybe a personal anger, even a humiliation for Trump,” said Hussein Ibish of the Arab Gulf States Institute.
Russian President Vladimir Putin’s refusal to end his support for Assad has resulted in another dramatic about face.
It was “certainly possible” Putin knew about the sarin attack, Trump said.
“Right now, we’re not getting along with Russia at all. We may be at an all-time low in terms of relationship with Russia,” Trump said pensively.
He may have omitted the Cuban Missile Crisis and much of the Cold War, but it was an unmistakable message and a far cry from the praise Putin got from Trump during the campaign.
Almost simultaneously, Trump also reversed his opposition to the Export-Import Bank, said he might renominate Fed chair Janet Yellen after all and proclaimed the dollar too strong.
And his budget guru quietly declared that a promise to eliminate the deficit was just “hyperbole.”
– The Trump doctrine? –
For White House spin doctors, these were not policy U-turns at all, but evidence Trump is bending the world to his will.
“If you look at what’s happened, it’s those entities or individuals in some cases, or issues, evolving towards the president’s position,” said White House press secretary Sean Spicer.
On issues like NATO turning its attention to terrorism to China abandoning currency manipulation — from the White House perspective, things are just getting better in the Age of Trump.
In reality, China stopped weakening the yuan years ago and NATO has been fighting jihadist groups for the better part of a decade.
Part of the explanation for Trump’s reversal may come from inside the White House, where radicals like Steve Bannon, Mike Flynn and KT McFarland have been sacked or notably sidelined.
At the National Security Council, HR McMaster has taken the reins and, according to insiders, is presiding over a more structured policy-making process that hews toward a more conventional fact-based approach.
In the West Wing, globalists like Trump’s daughter Ivanka, son-in-law Jared Kushner and top economic advisor Gary Cohn are on the ascendency.
– Wheeling and dealing –
But the idiosyncrasies of a 70-year-old dealmaker may also explain some of his strategic gymnastics.
Trump’s softer tone on Japan, China and NATO have all come after face-to-face meetings with their leaders, who each sought to mimic the businessman’s transactional approach.
After meeting Trump, Xi refrained from blocking a UN vote condemning Assad, turned away North Korean coal ships and, according to officials, signaled market access may soon improve for US auto and agricultural firms.
All that was manna for the wheeling-dealing president, who promptly said China was not manipulating its currency — despite promising to make that declaration on day one.
Trump also appears to be learning on the job. Speaking to the Wall Street Journal, the political neophyte expressed his surprise at learning that China cannot dictate terms in North Korea.
“After listening for 10 minutes, I realized it’s not so easy,” Trump told the paper.
“I felt pretty strongly that they had a tremendous power over North Korea,” he said. “But it’s not what you would think.”
And if Trump has proven himself to be a dealmaker, he has also proven himself to be an opportunist.
His tougher lines on Syria and Russia are overwhelmingly popular. His overture to Beijing comes as Gallup reported that China is more popular in America than it has been in three decades.
Those looking for a “Trump doctrine” might have to wait, but those looking for explanations may look no further than the man himself.
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4/14/2017 11:54:42 AM |
Trump Truth Train Crashes |
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sillylaugher61
Murrysville, PA
55, joined Aug. 2011
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President Trump is having to become a proactive President.
After 8 years of Obama ineptatitude, Trump is having to put out the fires.
Also he is still not in office for even 100 days.
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4/16/2017 1:44:19 PM |
Trump Truth Train Crashes |
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fellowforyou
New York, NY
67, joined Jan. 2010
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Mainstream politician. I bet that hurt.
His supporters will be disapppointed.
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4/16/2017 1:45:13 PM |
Trump Truth Train Crashes |
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fellowforyou
New York, NY
67, joined Jan. 2010
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Of course Trump is going to flip on some things, he's not a God
Not a god...more of a fraud
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