The Trump Presidency – 2016 - Page 437

PilotMan · 03-11-2020, 03:56 PM

Quote:

Originally Posted by Warhammer

The main thing Trump has been hanging his hat on is how the economy has been going. If we go into a recession, he can't hang hit hat on that, and he is worried about getting re-elected.

Once again, I just don't get how the president gets to take complete responsibility for the economy good or bad. There's clearly many other factors at play that they don't have any control over. Sure, take credit for the hard things you've pushed and the result of that, but it goes back to 2009. The R's skewered Obama for the deficit, which was the direct result of the continuation of the economic direction that Bush II started, and those numbers were as a result of decisions that had been made by multiple predecessors, yet somehow he took the brunt of it resulting in the 2010 elections and Tea Party bullshit. I guess I'm in the minority. trump being able to drive an economy straight, that was handed to him straight, and all he's done is goose the gas pedal isn't exactly earth shattering. Him failing to react in an acceptable way to a crisis is completely his responsibility, but the economy finally taking a long expected dump as a result of said crisis, really doesn't come to him, unless, like said, the choices he made by stepping on the pedal directly or indirectly hurt the countries ability to handle said crisis. He would get full ownership of that.

I know that isn't how it's played out for the masses, and it's big in scope and understanding, but fuck all for those people who would rather have that emotional soundbite on something to get worked up over, than try and understand the actual mechanism of function.

Edward64 · 03-11-2020, 03:57 PM

DOW is in Bear. S&P and Nasdaq are about 1% away. Not sure what the measure is for the record books. Need that shallow recession next to get the cycle (e.g. bull market) started all over again.

Edward64 · 03-11-2020, 04:03 PM

Quote:

Originally Posted by Warhammer

The main thing Trump has been hanging his hat on is how the economy has been going. If we go into a recession, he can't hang hit hat on that, and he is worried about getting re-elected.

He'll blame it on the unexpected coronavirus. I do think he has an out here.

His vulnerability is how well (or not) his response is to the pandemic and the impact to the economy. It has started off poorly but he still has time to do a save (or obfuscate) by November.

PilotMan · 03-11-2020, 04:06 PM

Quote:

Originally Posted by Edward64

He'll blame it on the unexpected coronavirus. I do think he has an out here.

His vulnerability is how well (or not) his response is to the pandemic and the impact to the economy. It has started off poorly but he still has time to do a save (or obfuscate) by November.

I'm pretty sure he's handled it perfectly so far.

Edward64 · 03-11-2020, 10:14 PM

Quote:

Originally Posted by Edward64

DOW is in Bear. S&P and Nasdaq are about 1% away. Not sure what the measure is for the record books. Need that shallow recession next to get the cycle (e.g. bull market) started all over again.

Dow futures currently down 1000+ after Trump's speech.

Disney, hospitality, airlines must really suck right now.

JPhillips · 03-11-2020, 11:14 PM

Here is the speech that the country *needed* to hear from the President tonight:

"My fellow Americans, the next few months are going to be hard. For many of us, harder than anything we've faced in our lifetimes.
— Jeremy FLATTEN THE CURVE Konyndyk (@JeremyKonyndyk) March 12, 2020

The beginning of what the President's speech could have been. It's really good and would have calmed the nation.

QuikSand · 03-11-2020, 11:20 PM

alas, we didn't elect a functioning adult

JPhillips · 03-11-2020, 11:22 PM

As if there wasn't enough shit hitting the fan, Iran has attacked and killed Americans and a Brit in Iraq.

RainMaker · 03-12-2020, 12:00 AM

Quote:

Originally Posted by JPhillips

As if there wasn't enough shit hitting the fan, Iran has attacked and killed Americans and a Brit in Iraq.

I had to look this up. Didn't see it mentioned on the news at all. Weird.

Edward64 · 03-12-2020, 06:52 AM

Quote:

Originally Posted by Edward64

Dow futures currently down 1000+ after Trump's speech.

Disney, hospitality, airlines must really suck right now.

Europe major indexes all down 5%+. Dow down 1,231 or 5.22%. Just saw Boeing down 18% yesterday, wow. Disney down about 30% since Dec, I would have thought more by now.

Surprisingly the China stock market is not doing near as bad which I attribute to their government-enabled-pseudo-stock-market.

Edward64 · 03-12-2020, 06:54 AM

Quote:

Originally Posted by JPhillips

As if there wasn't enough shit hitting the fan, Iran has attacked and killed Americans and a Brit in Iraq.

And we retaliated.

Good way for Iran to distract their population from the coronavirus I guess.

PilotMan · 03-12-2020, 07:09 AM

Quote:

Originally Posted by Edward64

Europe major indexes all down 5%+. Dow down 1,231 or 5.22%. Just saw Boeing down 18% yesterday, wow. Disney down about 30% since Dec, I would have thought more by now.

Surprisingly the China stock market is not doing near as bad which I attribute to their government-enabled-pseudo-stock-market.

The company is off about 50% since November.

Galaril · 03-12-2020, 08:36 AM

Wow stock halted again. Not good.

Edward64 · 03-12-2020, 08:53 AM

Smart of Biden assuming he can pull it off. But not sure what he can say without sounding too self-serving. I suggest he doesn't "attack" Trump and the lackluster response right now

https://www.nbcnews.com/politics/mee...trump-n1156456

Quote:

And at 1:00 p.m. ET, Democrat Joe Biden gets a contrast moment with President Trump, when he delivers remarks on the coronavirus from Delaware.

As NBC’s Mike Memoli points out, the Biden camp didn’t plan on Trump addressing the nation last night — before Biden’s previously scheduled speech.

“The Biden campaign didn't plan on @realDonaldTrump speaking on eve of @JoeBiden's coronavirus speech tomorrow when they scheduled it. But it ends up playing into what they had set up as a "presidential moment" and clear contrast.”

The question is whether Biden can deliver that presidential moment and clear contrast.

Galaril · 03-12-2020, 08:55 AM

Holy shit market is down 2100 (9%)

spleen1015 · 03-12-2020, 08:58 AM

If I'm Biden, I give the speech as if I'm POTUS. I don't mention Trump, reference Trump, reference Republicans, take shots at anyone, any country, etc.

I just give folks a strong unifying message.

Galaril · 03-12-2020, 09:06 AM

Quote:

Originally Posted by spleen1015

If I'm Biden, I give the speech as if I'm POTUS. I don't mention Trump, reference Trump, reference Republicans, take shots at anyone, any country, etc.

I just give folks a strong unifying message.

Yes agree.

cartman · 03-12-2020, 09:54 AM

Quote:

Originally Posted by Galaril

Holy shit market is down 2100 (9%)

That might have to be considered a loss for Trump

JPhillips · 03-12-2020, 10:00 AM

Apparently stopping some travel isn't seen as an effective startegy for containment.

BYU 14 · 03-12-2020, 10:01 AM

Quote:

Originally Posted by Galaril

Holy shit market is down 2100 (9%)

Not even going to look at my 401 K, standing the course until it bottoms and then pumping in more money and hope for a good rebound.

Edward64 · 03-12-2020, 10:18 AM

This is a good move, I'm all for a short delay of 2-3 months.

https://www.cnbc.com/2020/03/11/how-...ax-filing.html

Quote:

The Treasury is recommending the Trump administration push back the April 15 tax deadline amid concerns over coronavirus, Treasury Secretary Steven Mnuchin told reporters on Wednesday.

“We are going to recommend to the president that we allow a delay,” he said after speaking on Capitol Hill. He appeared before the House Appropriations Committee on Wednesday, where he suggested pushing back the deadline.

“That will have the impact of putting over $200 billion back into the economy and that will create a very big stimulus,” Mnuchin said.

The delay would be “for virtually all Americans, not the super-rich, that’s our recommendation,” he said.

JPhillips · 03-12-2020, 10:23 AM

Brazil: President's press director Fabio Wajngarten is suspected of having coronavirus, days after returning from trip to Miami, and meeting President Trump and VP Pence pic.twitter.com/aJbX4h09RE
— Amichai Stein (@AmichaiStein1) March 11, 2020

The guy on the right, next to Trump.

cartman · 03-12-2020, 10:27 AM

Quote:

“That will have the impact of putting over $200 billion back into the economy and that will create a very big stimulus,” Mnuchin said.

Umm, no? It is just a delay, it will still have to be paid.

PilotMan · 03-12-2020, 10:36 AM

Quote:

Originally Posted by cartman

Umm, no? It is just a delay, it will still have to be paid.

The money's already paid for most. The vast majority of people I'd say are planning for a refund or to have no taxes paid at all.

JPhillips · 03-12-2020, 10:40 AM

The tax delay is a givaway to the rich people/businesses who pay as late as possible. It won't do much of anything for the economy.

Edward64 · 03-12-2020, 10:57 AM

Trump speaking now. Trying to preempt Biden my guess.

If Biden can pull this off, it'll be a great (and remembered) differentiator.

Galaril · 03-12-2020, 10:58 AM

Quote:

Originally Posted by JPhillips

The tax delay is a givaway to the rich people/businesses who pay as late as possible. It won't do much of anything for the economy.

yeah this would suck as I am counting on a big refund in the next month.

cartman · 03-12-2020, 11:01 AM

Quote:

Originally Posted by Galaril

yeah this would suck as I am counting on a big refund in the next month.

From what I can gather refunds will still be processed as normal. It is just that if you have to pay anything extra, Apr. 15th won't be the deadline to pay.

Galaril · 03-12-2020, 11:03 AM

Quote:

Originally Posted by cartman

From what I can gather refunds will still be processed as normal. It is just that if you have to pay anything extra, Apr. 15th won't be the deadline to pay.

Hope so.

spleen1015 · 03-12-2020, 11:07 AM

I'm curious. Why haven't you filed and gotten your refund already? We got ours about 3 weeks ago.

cartman · 03-12-2020, 11:10 AM

It wouldn't make sense for them to withhold refunds if they are talking about extending the deadline to file as a 'stimulus'. But then again, we are talking about this clusterfuck of an administration.

NobodyHere · 03-12-2020, 11:12 AM

Quote:

Originally Posted by spleen1015

I'm curious. Why haven't you filed and gotten your refund already? We got ours about 3 weeks ago.

I'm lazy.

Also, who offers the most inexpensive tax software/website? I moved to a new state last year and withdrew some mutual funds. I'm afraid of how much it'll cost me to file.

ISiddiqui · 03-12-2020, 11:19 AM

I know for my tax refund, it's because my wife hasn't actually sat down and done the work to calculate everything from her home business. Which I gently reminded her she has like a month to do. I have entered everything involving W2s into TurboTax like a month+ ago.

Ben E Lou · 03-12-2020, 11:29 AM

We owe like 700 bucks. It has been sitting in the software since early February, ready to go. I was just waiting until the last minute to use their money for as long as possible. So if they extend it, I might get to earn an extra 2 or 3 bucks off of it. Suck it, big gubmint!

stevew · 03-12-2020, 11:30 AM

My shit is being held because (I’m assuming) of some idiot in accounting who didn’t submit my wife’s 2nd W2 on time to the IRS. I knew this was going to be a clusterfuck when I saw she had 2 separate ones(payroll company switched mid year).

I work all of the driving gig stuff, so I’ve been hoping for this money so I can ride out the next month or two. Hoping for some clarity within the next several days. Normally St Patrick’s day would be a $5-700 day but I’m really not feeling good about working right now.

stevew · 03-12-2020, 11:57 AM

I’m just going to make a bold guess that it’ll be announced that Trump has tested positive on Friday evening.

Fidatelo · 03-12-2020, 11:59 AM

We owe 15k because we fucked up in calculating our RRSP contribution amount when my wife changed jobs this year and her pension commuted. I also changed jobs, going out on my own as a consultant this fall with what appeared to be a minimum 18+ month gig. However the company contracting me got purchased in early February and the new CEO turfed all contractors. Now I'm looking for a new gig just as the world collapses. Oh and we are in the midst of building a cottage.

Needless to say I haven't slept very well the past couple weeks.

Flasch186 · 03-12-2020, 12:35 PM

Quote:

Originally Posted by stevew

I’m just going to make a bold guess that it’ll be announced that Trump has tested positive on Friday evening.

There's no doubt he'll have it. There's no doubt they'll never tell us.

QuikSand · 03-12-2020, 12:41 PM

You don't think this man has taken every possible precaution?

AlexB · 03-12-2020, 12:48 PM

This made me chuckle

Thank God we have Trump to do what the scientists won’t, build that coronavirus wall

Thomkal · 03-12-2020, 01:13 PM

Quote:

Originally Posted by stevew

I’m just going to make a bold guess that it’ll be announced that Trump has tested positive on Friday evening.

Yep just like every other announcent that would make them look bad so the regular media won't report on it until Monday. By now I would think they would know better. But like Flasch said doubtful he'll ever tell us unless to get his base praying for him.

spleen1015 · 03-12-2020, 01:15 PM

Hell, the only way we find out that he has it is if it kills him. That way he can't prevent anyone from talking.

NobodyHere · 03-12-2020, 01:39 PM

Quote:

Originally Posted by spleen1015

Hell, the only way we find out that he has it is if it kills him. That way he can't prevent anyone from talking.

Have you ever seen the movie "Dave"?

sabotai · 03-12-2020, 01:49 PM

Quote:

Originally Posted by NobodyHere

Have you ever seen the movie "Dave"?

Alec Baldwin just shows up in the White House on Monday and never breaks character.

NobodyHere · 03-12-2020, 01:52 PM

I think Alec Baldwin as Trump would have a better chance at winning the 2020 election than Pence.

The GOP can dump him afterwards.

rjolley · 03-12-2020, 02:25 PM

Quote:

Originally Posted by Fidatelo

We owe 15k because we fucked up in calculating our RRSP contribution amount when my wife changed jobs this year and her pension commuted. I also changed jobs, going out on my own as a consultant this fall with what appeared to be a minimum 18+ month gig. However the company contracting me got purchased in early February and the new CEO turfed all contractors. Now I'm looking for a new gig just as the world collapses. Oh and we are in the midst of building a cottage.

Needless to say I haven't slept very well the past couple weeks.

Hate to hear that. Hope the search goes well. What field are you in?

Scoobz0202 · 03-12-2020, 02:33 PM

Quote:

Originally Posted by NobodyHere

Also, who offers the most inexpensive tax software/website?

I have a simple return. I did freetaxusa and creditkarma. I plug mine into two separate ones just to make sure they both spit out the same numbers to kind of audit myself. Credit Karma I think does free federal AND state but I got an error towards the submission part so I did freetaxusa that is free federal and $13 for state. I make middle class money, though, so I am not sure if the higher earners have to pay.

kingfc22 · 03-12-2020, 03:12 PM

Let’s just keep pumping money into the economy instead of directing as much funds as possible into healthcare. You know seeing how this is a healthcare crisis.

Edward64 · 03-12-2020, 03:41 PM

Quote:

Originally Posted by stevew

I’m just going to make a bold guess that it’ll be announced that Trump has tested positive on Friday evening.

That would be ironic. I'll be sure to tell my Trump extremist colleague "must have been God's will".

CU Tiger · 03-12-2020, 04:16 PM

I owe like $17k..plus a penalty for owing too much.
New payroll/benefits company and I apparently didnt click a button right to hear them tell it...oh well shit happens.

But I will enjoy sitting on this a while.

03-11-2020, 11:14 PM	#21806
JPhillips General Manager Join Date: Nov 2002 Location: Newburgh, NY	Here is the speech that the country needed to hear from the President tonight: "My fellow Americans, the next few months are going to be hard. For many of us, harder than anything we've faced in our lifetimes. — Jeremy FLATTEN THE CURVE Konyndyk (@JeremyKonyndyk) March 12, 2020 The beginning of what the President's speech could have been. It's really good and would have calmed the nation. __________________ To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers

03-11-2020, 11:22 PM	#21808
JPhillips General Manager Join Date: Nov 2002 Location: Newburgh, NY	As if there wasn't enough shit hitting the fan, Iran has attacked and killed Americans and a Brit in Iraq. __________________ To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers

03-12-2020, 08:36 AM	#21813
Galaril Pro Starter Join Date: Jan 2004	Wow stock halted again. Not good. Last edited by Galaril : 03-12-2020 at 08:53 AM.

03-12-2020, 08:58 AM	#21816
spleen1015 Coordinator Join Date: Sep 2003	If I'm Biden, I give the speech as if I'm POTUS. I don't mention Trump, reference Trump, reference Republicans, take shots at anyone, any country, etc. I just give folks a strong unifying message. __________________ Why choose failure when success is an option?

03-12-2020, 10:00 AM	#21819
JPhillips General Manager Join Date: Nov 2002 Location: Newburgh, NY	Apparently stopping some travel isn't seen as an effective startegy for containment. __________________ To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers

03-11-2020, 03:57 PM	#21802
Edward64 Head Coach Join Date: Oct 2005	DOW is in Bear. S&P and Nasdaq are about 1% away. Not sure what the measure is for the record books. Need that shallow recession next to get the cycle (e.g. bull market) started all over again.

03-11-2020, 11:20 PM	#21807
QuikSand lolzcat Join Date: Oct 2000 Location: Annapolis, Md	alas, we didn't elect a functioning adult

03-12-2020, 08:55 AM	#21815
Galaril Pro Starter Join Date: Jan 2004	Holy shit market is down 2100 (9%)

03-12-2020, 10:23 AM	#21822
JPhillips General Manager Join Date: Nov 2002 Location: Newburgh, NY	Brazil: President's press director Fabio Wajngarten is suspected of having coronavirus, days after returning from trip to Miami, and meeting President Trump and VP Pence pic.twitter.com/aJbX4h09RE — Amichai Stein (@AmichaiStein1) March 11, 2020 The guy on the right, next to Trump. __________________ To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers

03-12-2020, 10:40 AM	#21825
JPhillips General Manager Join Date: Nov 2002 Location: Newburgh, NY	The tax delay is a givaway to the rich people/businesses who pay as late as possible. It won't do much of anything for the economy. __________________ To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers

03-12-2020, 10:57 AM	#21826
Edward64 Head Coach Join Date: Oct 2005	Trump speaking now. Trying to preempt Biden my guess. If Biden can pull this off, it'll be a great (and remembered) differentiator.

03-12-2020, 11:07 AM	#21830
spleen1015 Coordinator Join Date: Sep 2003	I'm curious. Why haven't you filed and gotten your refund already? We got ours about 3 weeks ago. __________________ Why choose failure when success is an option?

03-12-2020, 11:10 AM	#21831
cartman Death Herald Join Date: Nov 2000 Location: Le stelle la notte sono grandi e luminose nel cuore profondo del Texas	It wouldn't make sense for them to withhold refunds if they are talking about extending the deadline to file as a 'stimulus'. But then again, we are talking about this clusterfuck of an administration. __________________ Thinkin' of a master plan 'Cuz ain't nuthin' but sweat inside my hand So I dig into my pocket, all my money is spent So I dig deeper but still comin' up with lint

03-12-2020, 11:19 AM	#21833
ISiddiqui Hall Of Famer Join Date: Jan 2001 Location: Decatur, GA	I know for my tax refund, it's because my wife hasn't actually sat down and done the work to calculate everything from her home business. Which I gently reminded her she has like a month to do. I have entered everything involving W2s into TurboTax like a month+ ago. __________________ "A prayer for the wild at heart, kept in cages" -Tennessee Williams

03-12-2020, 11:29 AM	#21834
Ben E Lou Morgado's Favorite Forum Fascist Join Date: Oct 2000 Location: Greensboro, NC	We owe like 700 bucks. It has been sitting in the software since early February, ready to go. I was just waiting until the last minute to use their money for as long as possible. So if they extend it, I might get to earn an extra 2 or 3 bucks off of it. Suck it, big gubmint! __________________ The media don't understand the kinds of problems and pressures 54 million come wit'!

03-12-2020, 11:30 AM	#21835
stevew Hall Of Famer Join Date: Dec 2003 Location: the yo'	My shit is being held because (I’m assuming) of some idiot in accounting who didn’t submit my wife’s 2nd W2 on time to the IRS. I knew this was going to be a clusterfuck when I saw she had 2 separate ones(payroll company switched mid year). I work all of the driving gig stuff, so I’ve been hoping for this money so I can ride out the next month or two. Hoping for some clarity within the next several days. Normally St Patrick’s day would be a $5-700 day but I’m really not feeling good about working right now.

03-12-2020, 11:57 AM	#21836
stevew Hall Of Famer Join Date: Dec 2003 Location: the yo'	I’m just going to make a bold guess that it’ll be announced that Trump has tested positive on Friday evening.

03-12-2020, 11:59 AM	#21837
Fidatelo Pro Starter Join Date: Nov 2002 Location: Winnipeg, MB	We owe 15k because we fucked up in calculating our RRSP contribution amount when my wife changed jobs this year and her pension commuted. I also changed jobs, going out on my own as a consultant this fall with what appeared to be a minimum 18+ month gig. However the company contracting me got purchased in early February and the new CEO turfed all contractors. Now I'm looking for a new gig just as the world collapses. Oh and we are in the midst of building a cottage. Needless to say I haven't slept very well the past couple weeks. __________________ "Breakfast? Breakfast schmekfast, look at the score for God's sake. It's only the second period and I'm winning 12-2. Breakfasts come and go, Rene, but Hartford, the Whale, they only beat Vancouver maybe once or twice in a lifetime."

03-12-2020, 12:41 PM	#21839
QuikSand lolzcat Join Date: Oct 2000 Location: Annapolis, Md	You don't think this man has taken every possible precaution?

03-12-2020, 12:48 PM	#21840
AlexB Pro Starter Join Date: Nov 2004 Location: Newbury, England	This made me chuckle Thank God we have Trump to do what the scientists won’t, build that coronavirus wall __________________ 'A song is a beautiful lie', Idlewild, Self Healer. When you're smiling, the whole world smiles with you. Sports! Last edited by AlexB : 03-12-2020 at 12:48 PM.

03-12-2020, 01:15 PM	#21842
spleen1015 Coordinator Join Date: Sep 2003	Hell, the only way we find out that he has it is if it kills him. That way he can't prevent anyone from talking. __________________ Why choose failure when success is an option?

03-12-2020, 01:52 PM	#21845
NobodyHere Grizzled Veteran Join Date: Nov 2013	I think Alec Baldwin as Trump would have a better chance at winning the 2020 election than Pence. The GOP can dump him afterwards. __________________ "I am God's prophet, and I need an attorney"

03-12-2020, 03:12 PM	#21848
kingfc22 Head Coach Join Date: Nov 2003 Location: Morgan Hill, CA	Let’s just keep pumping money into the economy instead of directing as much funds as possible into healthcare. You know seeing how this is a healthcare crisis. __________________ Fan of SF Giants, 49ers, Sharks, Arsenal

03-12-2020, 04:16 PM	#21850
CU Tiger Grizzled Veteran Join Date: Nov 2006 Location: Backwoods, SC	I owe like $17k..plus a penalty for owing too much. New payroll/benefits company and I apparently didnt click a button right to hear them tell it...oh well shit happens. But I will enjoy sitting on this a while.

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