Read this actual tweet from Trump and note the date and time it was sent.
The Republican Party has railed against deficits and spending for decades and GOP presidents and Congressional leaders have worked to cut spending. When given the bank, however, President Donald Trump and the Republican Congress have delivered spending that will usher the U.S. into a $1 trillion deficit two years before expected.
The Republican tax bill is the culprit, increasing spending by 7 percent while incoming revenue is only at 1 percent.
“The CBO now says the deficit will approach $1 trillion by the end of this fiscal year, but in April the agency didn’t expect the deficit to reach $1 trillion until 2020,” Axios reported.
The Republican Congress announced this week that they want to pass part two of their tax plan. The preliminary estimations show that alone will skyrocket the deficit to $2 trillion.
For eight years under President Obama, Republicans railed against annual budget deficits, accusing Democrats of driving up deficits.
Now, however, Republicans have decided deficit spending is not only acceptable, they’re ready to balloon deficits more dramatically than any Democrat ever did.
Bombs Away: Trump Has the I.Q. of an Inbred Tanning Bed, Says a Liberated Gary Cohn
The former White House adviser was “astounded” by the depths of the president’s stupidity, according to Bob Woodward’s new book.
by Bess Levin
September 10, 2018 6:37 pm
In his 58 years on earth, Gary Cohn has likely run into an idiot here or there. Whether it was a classmate in his Ohio hometown, a wise guy on the floor of the New York Mercantile Exchange, or a Goldman Sachs employee with whom he would cross paths again later in life, it’s unlikely Cohn would have been able to fully inoculate himself from people of lesser intelligence, or to refrain from letting them know exactly what he thought of their s–t for brains. But apparently, whatever run-ins with not-so-bright individuals he had suffered prior to November 2016, they were nothing compared to the stone-cold, mind-blowing, we’ve-never-seen-an-I.Q.-in-the-single-digits-before levels of stupidity he experienced upon accepting a job with the Trump administration.
According to an excerpt from Bob Woodward‘s Fear, the book out tomorrow that the president has called a “joke,” a “scam,” and a “con on the public“ written by a “Dem operative,” the Goldman Sachs president turned National Economic Council director came away from his very first meeting with Donald Trump “astounded” by just how dumb the guy was. During a chat about various economic issues, Cohn told Trump that the Federal Reserve would likely increase rates during his first term in office, to which President Buy High, Sell Low reportedly responded, “We should just go borrow a lot of money, hold it, and then sell it to make money.” This suggestion, and “lack of basic understanding” about how federal debt works apparently sent chills up the spine of Cohn, who explained that borrowing more money would in fact increase the deficit and add to the debt, something that would, in theory, be counterproductive for a delusional president who had pledged to completely eliminate the federal debt. But President “I’m, like, really smart” wasn’t finished:
“Just run the presses—print money,” Trump said, according to Woodward.
Cohn suggested that would be detrimental to the fiscal and economic health of the U.S., since printing vast amounts of money is thought to lead to inflation. . . . Cohn also pointed to the federal debt ceiling, a statutory limit to the amount of debt the federal government can have outstanding. Even approaching the debt ceiling can be harmful to the stock market and U.S. economic growth.
But according to Woodward, Cohn’s message did not seem to connect.
“It was clear that Trump did not understand the way the U.S. government debt cycle balance sheet worked,” Woodward wrote.
Of course, that the 45th president of the United States is an idiot is not exactly a new revelation. (Cohn has not publicly commented on any of Woodward’s reporting.) His first secretary of state characterized him as a “moron.” Defense Secretary Jim Mattis, according to Woodward, told close associates that the president “had the understanding of ‘a fifth- or sixth-grader.’ ” Scott Pruitt essentially called him an imbecile “when it comes to things like the Constitution and rule of law.” Former White House deputy chief of staff Katie Walsh reportedly said working with him was “like trying to figure out what a child wants,” which feels like an insult to children. And of course, someone “purporting to represent the views” of Cohn sent an e-mail in April 2017 describing the president as “an idiot surrounded by clowns.”
“How long until he’s impeached?”
Canadian observers of the political dumpster fire down south are right to pose this question, for the list of scandals and offences is long and growing.
One week, we learn about potential pay-offs to Trump’s other women in plain violation of America’s remaining electoral laws; another week, we see little kids taken from their parents and held in dark sites along the border, a clear breach of “cruel and unnecessary” standards of punishment, not to mention basic humanity. Now we hear that members of his own administration are trying to thwart him. Yet he endures.
Explanations for this staying power range from the man’s skills as a conman to the fecklessness of old-guard Democrats and the cowardice of congressional Republicans.
From a historical perspective, however, the reason Trump remains is simple: He occupies the best political ground, namely the meeting point of three reactionary forces in American life.
The first are business elites. They’ve been around since the late 1800s, when they turned the Republican Party into the political tool of Robber Baron capitalists. They define liberty as the pursuit of wealth and rage against any restraints upon it. They oppose taxes, regulations, and unions.
Over the last 50 years, such interests have united against the social protections that emerged from the Great Depression and the Second World War. Now they target Medicaid, Medicare and, one day soon, Social Security.
‘Blood and soil’
The second force of the American right are white nationalists, whose origins trace back to the early 1800s. They believe that white families make up the real “nation” within the wider and more diverse United States.
They, too, have become more organized and angry over the past 50 years, first in reaction to the Civil Rights revolution and then to immigration from Mexico. They also hate the media.
Such ideas are often associated with Americans of lesser means and education, with cut-off jeans and non-ironic moustaches. But “blood and soil” prejudices against non-white people also thrive on leafy college campuses and exclusive country clubs.
Rather than a specific ideology, white nationalism is a cluster of feelings and beliefs that often lay dormant before called to action by various dog whistles: “Hard-working Americans” and the “silent majority” versus “welfare queens” and “illegals.”
The chosen people
The last and most important dimension of the modern right is religious, especially as practised by white evangelical Protestants. Although they only entered Republican politics in the 1970s and 1980s, their roots stretch back to the colonial period, when Puritans from southeastern England and Presbyterians from northern Ireland conquered parts of North America from Indigenous people they saw as “heathen.”
Ever since, one of the most powerful themes in American culture has been that of the godly settler in a fallen world, beset by demonic foes and blessed by a terrible yet perfect deity. In this narrative, Americans are the “chosen people” who must purge themselves and the world of evil.
These groups—the tycoons, the white nationalists, and the evangelicals—all yearn for a harsh world in which they have someone to kick around. But they don’t have the same kicking order in mind, leading to a number of policy disagreements.
The real estate mogul unites the right
The business right usually wants free trade, while white nationalists demand protectionism. The latter are increasingly anti-Semitic, whereas evangelical Protestants would sooner vote for Benjamin Netanyahu than Hillary Clinton. None of them can decide if the U.S. should ignore or bully the rest of the world.
Individually, these groups cannot win elections. They put up also-ran or second-tier candidates like Mitt Romney (business), David Duke (white nationalist) or Mike Huckabee (evangelical). George W. Bush briefly unified the first and third categories but could never excite the second; his brother Jeb couldn’t excite anyone.
It was Trump, the “blue-collar billionaire” who couldn’t bear the sight of Barack Obama in the White House, who united these forces of the right in 2016. He believes in them all, if only because they all believe in him.
And he’s delivered: Massive de-regulation and tax cuts; Muslim bans and protective tariffs; federal judges and now Supreme Court candidates who are hostile to abortion, gay rights and a secular public sphere.
Put another way, the real estate mogul now holds the best location of all, the centre of a Venn diagram whose circles cover a huge swath of the American political landscape.
Moving him won’t be easy. And he won’t leave quietly.
Here are some of the highlights of interview with Bob Woodard, courtesy of CBS:
“You look at the operation of this White House and you have to say, ‘Let’s hope to God we don’t have a crisis,’” said Bob Woodward.
“People who work for him are worried … that he will sign things or give orders that threaten the national security or the financial security of the country, or of the world,” Woodward said.
Aides like then-Chief Economic Adviser Gary Cohn and White House Staff Secretary Rob Porter literally stole documents off the president’s desk in the Oval Office, such as a letter terminating a trade agreement with South Korea, so that, Woodward explained, Mr. Trump could not sign them: “Because they realized that this would endanger the country.”
Martin asked, “How’d they get away with that?”
“[Trump] doesn’t remember. If it’s not on his desk, if it’s not immediately available for action, it goes away.”
Just think this part over for a little bit.
The fact is that the president has such a limited attention span that those things which are not right in front of him, can be forgotten as if they never existed.
This reinforces the statements made in the past that Trump’s policy points of view are based on the last person that he had a conversation with, and can change based on the next person who sits down to speak with him.
However, that is not true in all cases. Some of his most dangerous views appear to be baked in.
According to Woodward, the president is obsessed by the fact that the U.S. pays $3.5 billion a year to station troops in South Korea as a first line of defense against the North. “I don’t know why they’re there,” he said at one meeting. “Let’s bring them all home.” At another meeting, Secretary of Defense James Mattis starkly why the U.S. has 28,000 troops in Korea: “We’re doing this in order to prevent World War III.”
“The United States has great strength and patience, but if it is forced to defend itself or its allies, we will have no choice but to totally destroy North Korea.” – President Trump at the United Nation, Sept. 19, 2017
The standoff with North Korea has been eased, for the moment, by the Singapore Summit, which brought together two leaders who had been trading nuclear threats and schoolyard insults.
Trump: “‘Rocket Man’ is on a suicide mission for himself and for his regime.”
The president later made that “Little Rocket Man” on Twitter, which he told Rob Porter “may be my best ever.” When Porter asked if it might provoke Kim, according to Woodward, the president replied, “It’s leader versus leader, man versus man, me versus Kim.”
Woodward also said that in all of his years of reporting on presidents he has never seen anything like what is going on in this White House.
“Fear: Trump in the White House” is Woodward’s 19th book, and he says reporting it took him deeper inside a working White House than he’s ever been before.
“This one was in the belly of the beast,” he said.
Martin asked, “And what did you conclude about the beast?”
“That people better wake up to what’s going on.”
Well, I am pretty damn woke, how about you? And — more important: When in God’s name are Republicans going to wake up and stop supporting this imbecile?
President Trump on Sunday suggested Ford Motor could begin making a small car in the United States instead of importing it from China. But the automaker quickly issued a statement saying it has no such plans.
In August, Ford announced it had killed a plan to import the Focus Active, a roomy hatchback, saying the tariffs Mr. Trump has threatened to impose on vehicles built in China would increase costs too much for the company to hit its profit targets.
Mr. Trump hailed the decision in a Twitter post on Sunday, apparently after he saw a report about the Focus Active on television. “Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. tariffs,” said CNBC. Trump immediately tweeted: “This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!”
Ford announced its plan to withhold the Focus Active from the United States market on Aug. 31. After Mr. Trump’s tweet, the company responded with a statement that reiterated its reasoning: The niche model was not suited for domestic production. “It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units and its competitive segment,” the company said.
So much for Trump’s automobile industry expertise. He’s a ignorant of automobile manufacturing as he is of everything else.