Categories for Economy

27,434. 8/15/2019

BUSINESS/ECONOMY/TRUMP AS PRESIDENT: “Walmart, a great indicator as to how the U.S. is doing, just released outstanding numbers. Our Country, unlike others, is doing great! Don’t let the Fake News convince you otherwise.”

Donald Trump, Twitter.com, August 15, 2019 3:18 pm

27,423. 8/15/2019

ECONOMY/TRUMP AS PRESIDENT: “The United States is now, by far, the Biggest, Strongest and Most Powerful Economy in the World, it is not even close! As others falter, we will only get stronger. Consumers are in the best shape ever, plenty of cash. Business Optimism is at an All Time High!”

Donald Trump, Twitter.com, August 15, 2019 10:26 am

27,396. 8/14/2019

ECONOMY/TRUMP AS PRESIDENT: “Unlike others, our economy is strong! https://t.co/EvNRzB8GBY

Donald Trump, Twitter.com, August 14, 2019 4:40 pm

27,381. 8/13/2019

ECONOMY/TRUMP AS PRESIDENT: “RT @WhiteHouse: The Trump Economy is delivering incredible results for the blue-collar workers who need it most. In case you missed it: h…”

Donald Trump, Twitter.com, August 13, 2019 7:30 pm

27,323. 8/11/2019

ECONOMY/MEDIA/TRUMP AS PRESIDENT: “RT @marc_lotter: STRONG! “The American economy is doing very well [under @realDonaldTrump] & wages are up, but we cannot rely on the media…”

Donald Trump, Twitter.com, August 11, 2019 11:03 pm

27,283. 8/8/2019

ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing,…..”

Donald Trump, Twitter.com, August 8, 2019 9:38 am

27,236. 8/6/2019

CHINA/ECONOMY/TRADE WAR/TRUMP AS PRESIDENT: “President Donald Trump is pushing his bitter trade war with China into an aggressive and unpredictable new phase, bewildering Wall Street and risking an even bigger slowdown heading into a 2020 election in which the economy was supposed to be the president’s strongest selling point. The Trump administration on Monday [8-5-19] evening drove the stand-off with the world’s second-largest economy to a new level, officially labeling China a currency manipulator for the first time in a quarter century, enraging Beijing and inviting further retaliation in a bare-knuckled fight that has already slammed U.S. farmers and helped drive American manufacturing close — or into — recession. Following a precipitous stock-market decline that started the week, investors on Tuesday [8-6-19] took a break after China intervened to keep its currency, the yuan, from plunging further.”

Ben White, Adam Behsudi and Doug Palmer, “Trump’s China battle heads into the danger zone,” Politico, August 6, 2019 6:56 pm

 

27,222. 8/6/2019

CHINA/ECONOMY/STEVE MNUCHIN/TREASURY/TRUMP AS PRESIDENT: “China on Tuesday [8-6-19] strongly rejected the Trump administration’s determination that it’s manipulating its currency for an unfair trade advantage and accused the United States of protectionist behavior that is hurting the global economy…The Central Bank also accused the United States of ‘wayward unilateralism and protectionist behavior that seriously undermines international rules and will have a major impact on global economic finance.’ Late Monday [8-5-19], Treasury Secretary Steven Mnuchin took the rare step of formally declaring China a currency manipulator — a designation that no U.S. administration has made in regard to any country since 1994, when China was designated for the first and only other time. Mnuchin’s announcement came hours after President Donald Trump lashed out at Beijing for allowing its currency, officially known as the renminbi, to depreciate above 7 yuan-to-the-dollar for the first time in over a decade.”

Doug Palmer and Adam Behsudi, “China rejects Trump charge of currency manipulation, calls U.S. ‘protectionist’,” Politico, August 6, 2019 10:48 am

27,218. 8/6/2019

CHINA/ECONOMY/TRADE WAR/TRUMP AS PRESIDENT: “The trade war between Washington and Beijing took an unexpected turn this week as China let its currency drop sharply and the United States responded by officially designating the country a currency manipulator. The confrontation underscored the Trump administration’s focus on weakness in foreign currencies — and the corresponding strength of the dollar — as a drag on the American economy. Now, investors are gaming out the prospect that the United States could actively intervene in the financial markets, in a significant break from a decades-long commitment to free-floating currencies…But while the president might want a weaker dollar, engineering one is complicated. Here’s the context you need to understand the United States’ changing approach to the dollar. Why would the U.S. benefit from a weaker dollar? A weaker currency makes a country’s exports cheaper for buyers overseas, giving a country a competitive advantage.”

Matt Phillips, “A Weak Dollar Could Help the U.S. Getting One Isn’t So Easy.,” The New York Times online, August 6, 2019

27,213. 8/6/2019

CHINA/ECONOMY/TRUMP AS PRESIDENT: “Massive amounts of money from China and other parts of the world is pouring into the United States for reasons of safety, investment, and interest rates! We are in a very strong position. Companies are also coming to the U.S. in big numbers. A beautiful thing to watch!”

Donald Trump, Twitter.com, August 6, 2019 7:00 am

27,194. 8/5/2019

CHINA/ECONOMY/JOBS/TRUMP AS PRESIDENT: “….used currency manipulation to steal our businesses and factories, hurt our jobs, depress our workers’ wages and harm our farmers’ prices. Not anymore!” 

Donald Trump, Twitter.com, August 5, 2019 10:58 am

27,165. 8/3/2019

CHINA/ECONOMY/TRUMP AS PRESIDENT: “Things are going along very well with China. They are paying us Tens of Billions of Dollars, made possible by their monetary devaluations and pumping in massive amounts of cash to keep their system going. So far our consumer is paying nothing – and no inflation. No help from Fed!” 

Donald Trump, Twitter.com, August 3, 2019 7:46 am

27,101. 8/1/2019

ECONOMY/FEDERAL RESERVE/TRADE DEALS/TRUMP AS PRESIDENT: “Here’s a question for economy watchers: Is American economic policy in 2019 more like ouroboros, the ancient Egyptian symbol of a snake eating its own tail, or maybe more like an M.C. Escher painting in which a series of stairs wrap around a room in mind-bending ways? Both seem like decent approximations of the strange ways in which trade policy, monetary policy and financial markets are intersecting this year. And never more so than this week. On Wednesday [7-31-19], the Federal Reserve cut its main interest rate target, aiming to guard the American economy against damage from ‘trade uncertainty’ and a slowing world economy, as the Fed chair, Jerome Powell, said at a news conference. But markets fell, with investors interpreting his comments to mean that the Fed won’t cut rates much more in the months to come. Then on Thursday, President Trump announced a new round of 10 percent tariffs on $300 billion worth of China exports, suggesting that a trade war détente from earlier the summer may be coming to an end.”

Neil Irwin, “The Increasingly Bizarre Interplay Between Trump’s Trade Policy and the Fed,” The New York Times online, August 1, 2019

27,099. 8/1/2019

ECONOMY/FEDERAL RESERVE/TARIFFS/TRUMP AS PRESIDENT: “A fresh tariff threat from President Trump sank stocks on Thursday [8-1-19], pushing the S&P 500 to its fourth consecutive daily decline and reinvigorating investor worries about the outlook for the global economy. The trading day didn’t start out so badly. Stocks rose throughout the morning, after the Federal Reserve cut interest rates on Wednesday [7-31-19], with the S&P 500 gaining as much as 1 percent by the early afternoon. Then, just before 1:30 p.m., Mr. Trump said on Twitter that the United States would impose a 10 percent tariff on an additional $300 billion worth of Chinese imports starting in September. Over the next hour, the market’s gains quickly melted away. Outside the stock market, benchmark oil prices, which are highly sensitive to the global economic outlook, plunged 7 percent and yields on government bonds tumbled. The S&P 500 closed down 0.9 percent, led by drops in the energy and financial sectors, both of which fell more than 2 percent. The tech heavy Nasdaq composite index fell 0.8 percent.”

Matt Phillips, “Stocks Sink After a New Tariff Threat From Trump,” The New York Times online, August 1, 2019

27,098. 8/1/2019

DEMS/ECONOMY/ELECTION/TRUMP AS PRESIDENT: “It took more than 90 minutes for the moderators of the Democratic presidential primary debate on Wednesday [7-31-19] night to turn to the economy, which polls show is a top issue on voters’ minds and is one of President Trump’s strengths as he seeks re-election. The candidates wasted no time attacking him on it. Over two nights of debates in Detroit, candidates assailed Mr. Trump’s record on trade, tax cuts and wage growth, accusing him of perpetuating economic inequality and a ‘rigged’ system that favors the wealthy and powerful. It was a preview of the economic arguments that are likely only to grow as the 2020 race escalates…Ms. Harris said that farmers were now staring down bankruptcy, that hundreds of thousands of autoworkers could soon be out of work and that the chair of the Federal Reserve, Jerome H. Powell, had just ‘admitted’ that the central bank cut interest rates by a quarter point on Wednesday because of economic uncertainty created by Mr. Trump’s trade wars.”

Jim Tankersley and Ben Casselman, “How Democrats Will Attack Trump on the Economy,” The New York Times online, August 1, 2019

27,083. 7/31/2019

ECONOMY/TRUMP AS PRESIDENT: “‘The 99% Get a Bigger Raise’ https://t.co/negNLaSwMt

Donald Trump, Twitter.com, July 31, 2019 4:37 pm

27,062. 7/31/2019

CHINA/ECONOMY/TRADE DEALS/TREASURY/TRUMP AS PRESIDENT: “American and Chinese negotiators finished talks on Wednesday [7-31-19] with little progress toward ending a trade war that has shaken the world’s economic confidence and rattled markets. Treasury Secretary Steven Mnuchin and Robert E. Lighthizer, the Trump administration’s top trade negotiator, were seen leaving trade talks in Shanghai on Wednesday, the Chinese state news media said. Both sides ‘conducted frank, efficient and constructive in-depth exchanges on major issues of common interest in the economic and trade field,’ said a statement late in the day that was released by CCTV, China’s state broadcaster. The White House press secretary, in a statement released Wednesday morning, called the talks ‘constructive’ and said negotiations were expected to continue in Washington in early September.”

Alexandra Stevenson, “U.S.-China Trade Talks End With No Deal in Sight,” The New York Times online, July 31, 2019

27,060. 7/31/2019

DEMS/ECONOMY/ELECTION/TRADE DEALS/TRUMP AS PRESIDENT: “Democratic presidential candidates clashed in a Tuesday [7-30-19] night debate over how they would change course from President Trump’s protectionist trade agenda in fiery exchanges that underscored the depth of the rift within the party over economic policy. The strength of the United States economy, which has enjoyed steady growth and historically low unemployment in recent years, represents Mr. Trump’s greatest asset going into his re-election campaign and a conundrum for Democrats. On Tuesday night, the candidates strained to paint what Mr. Trump touts as an economic miracle as a mirage, pointing to widening income inequality and trade policies that they argue have done American workers more harm than good. For two and a half hours, moderate and progressive candidates grappled with whether pragmatism or idealism was the best formula for defeating Mr. Trump next year.”

-Alan Rappeport, “Echo Trump’s Tough Talk, or Lift Tariffs? Democrats Clash Over Trade,” The New York Times online, July 31, 2019

27,029. 7/30/2019

CHINA/ECONOMY/TRADE DEALS/TRUMP AS PRESIDENT: “China is doing very badly, worst year in 27 – was supposed to start buying our agricultural product now – no signs that they are doing so. That is the problem with China, they just don’t come through. Our Economy has become MUCH larger than the Chinese Economy is last 3 years….”

Donald Trump, Twitter.com, July 30, 2019 6:09 am

27,024. 7/29/2019

CRIME/DEMS/ECONOMY/TRUMP AS PRESIDENT: “Baltimore’s numbers are the worst in the United States on Crime and the Economy. Billions of dollars have been pumped in over the years, but to no avail. The money was stolen or wasted. Ask Elijah Cummings where it went. He should investigate himself with his Oversight Committee!”

Donald Trump, Twitter.com, July 29, 2019 8:45 pm

26,948. 7/26/2019

ECONOMY/TRUMP AS PRESIDENT/WTO: “President Donald Trump on Friday [7-26-19] stepped up his attack against the World Trade Organization, saying it wouldn’t recognize special treatment for wealthy economies that claim developing status. Trump issued a memorandum accusing China and other countries with large economies of taking advantage of developing-country status at the Geneva-based organization. Developing status at the WTO generally grants a country leniency to delay or avoid compliance with certain obligations and rules…U.S. complaints over developing-country status predate the Trump administration. The U.S. has taken particular issue with the fact that a country can ‘self-designate’ itself as a developing economy in order to take advantage of special treatment. In addition to China, the memorandum said wealthy economies like Brunei, Hong Kong, Kuwait, Macao, Qatar, Singapore, the United Arab Emirates, Mexico, South Korea and Turkey also wrongly claim developing status. The U.S. has ‘never accepted China’s claim to developing-country status,’ the memorandum said.”

Adam Behsudi, “Trump ramps up attack against WTO,” Politico, July 26, 2019 4:07 pm

26,939. 7/26/2019

ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “Q2 GDP Up 2.1% Not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our neck. Almost no inflation. USA is set to Zoom!”

Donald Trump, Twitter.com, July 26, 2019 9:40 am

26,935. 7/26/2019

ECONOMY/MEDIA/TRUMP AS PRESIDENT: “….the fact that I have gone through a three year vicious Witch Hunt, perpetrated by the Lamestream Media in Collusion with Crooked and the Democrat Party, there can be NO WAY, with the greatest Economy in U.S. history, that I can be losing to the Sleepy One. KEEP AMERICA GREAT!”

Donald Trump, Twitter.com, July 26, 2019 8:58 am

26,912. 7/25/2019

ECONOMY/ELECTION/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump has one main job between now and Election Day 2020: Don’t screw up the economy. And he’s increasingly listening to internal and external advisers telling him the best way to postpone an economic slowdown is to turn down the burners on his trade wars, avoid any fiscal meltdowns and lay off criticizing the Federal Reserve chairman. All of this could flip on a presidential whim. But at the moment, Trump is poised to sign a spending increase that removes the risk of a potentially disastrous debt default and avoids sucking federal dollars out of the economy. Top advisers are jetting off to China next week to continue talks toward a potential trade deal. And after months of presidential bashing, Fed Chair Jerome Powell is poised to deliver a long-desired rate cut next week. If all this holds, some of the biggest risks to Trump’s top reelection selling point could fade.”

Ben White and Daniel Lippman, “Trump’s ‘don’t screw it up’ caucus keeps winning,” Politico, July 25, 2019 12:00 pm

26,907. 7/25/2019

ECONOMY/TRUMP AS PRESIDENT: “President Trump’s Approval Rating on Economy is at 52%, a 4 point jump. Fox Poll @foxandfriends Shouldn’t this be at 100%? Best stock market, economy and unemployment numbers ever! Most people working within U.S. ever! Low interest rates, very low inflation! Country doing great!”

Donald Trump, Twitter.com, July 25, 2019 7:07 am