Post inauguration Trump:

[Skids]

The great man, doing great things....


President Trump on Wednesday signed into law a multibillion-dollar emergency aid package aimed at helping Americans impacted by the coronavirus.

The House-passed measure was approved by the Senate earlier Wednesday and includes provisions offering paid leave benefits for Americans, bolstered unemployment benefits and free diagnostic testing for the virus

https://thehill.com/homenews/administra ... ee-testing

[David]

^ It's not like it was his personal initiative; he's just signing off on a bill that originated in congress. Anyway, the bill leaves a considerable number of American workers without sick leave, though that one's on the Democrats and Republicans more than anyone.

[swoop42]

Trumps hope of being re-elected have probably increased now with the coronavirus crisis.

Just like during times of war a public often sticks to what it knows.

That's assuming of course that come November people will be free to actually get out and vote and the elderly victims don't include Trump, Biden and Sanders.

[pietillidie]

On cue, Trump delivers on his big oil bailout: https://thehill.com/policy/energy-envir ... f-oil-amid

That's the way. First, you give multi-millionaire oil barons giant tax cuts and roll back environmental protections even as climate worsens. Then, they piss that money up against the border wall on share buybacks. Then, you overheat the economy through idiotic tweets and fed interference, encouraging them to over-invest. Then, when they go broke you bail them out.

Well done George W II! Dick Cheney will be proud of you, son. Mission Accomplished Greatly Again!

And of course those other toxic de-skillers and polluters quickly follow:

"Coal companies are looking to the White House and Congress to roll back a number of fees paid by mining companies, arguing the coronavirus will exacerbate difficult financial times for the struggling industry.

In a letter to President Trump and congressional leaders first reported by Reuters on Thursday, the National Mining Association asked lawmakers to decrease payments to a trust fund for those with black lung disease and “suspend or reduce” the fees paid to the government for mining on federal land."

https://thehill.com/policy/energy-envir ... backs-amid

And why wouldn't you support skill-killing dying industries when they send a cut back to you as a donation?

[pietillidie]

President Trump on Wednesday signed into law a multibillion-dollar emergency aid package aimed at helping Americans impacted by the coronavirus.

Still too little and three weeks too late due to his deranged need to be fawned upon and told he's doing brilliantly.

Here's Trump's chief economic advisor, Larry Ludlow, three weeks ago:

“We have contained this. I won’t say [it’s] airtight, but it’s pretty close to airtight,” Kudlow told CNBC’s Kelly Evans on “The Exchange.” He added that, while the outbreak is a “human tragedy,” it will likely not be an “economic tragedy.”

https://www.cnbc.com/2020/02/25/larry-k ... icely.html

They'd actually done nothing to contain it. He was merely spouting confidence trickery of the sort that Trump is addicted to and needs to tell himself day and night, despite reality. You don't want confidence hucksters managing any risk, let alone serious risk like the health, security and economic risk of the superpower.

Now you know how those bankruptcies piled up. This time instead of daddy saving him the average Joe will pay for his management failures and handouts to fossil fuels donors through austerity programs.

[pietillidie]

The two most moronic press conferences in the history of humanity took place today. First, Johnson spoke nasal drivel about nothing for what seemed like an eternity. Then, Trump imposed his idiotic "good feelings" witchcraft on medicine, throwing a tantrum when exposed for talking stupid rot.

The two of them shouldn't be allowed to drive, let alone lead countries.

[pietillidie]

You wouldn't read about it: more tax cuts for billionaires used as a bargaining chip to help average workers:

Democrats were prepared to drop their opposition to several large corporate tax cuts as part of the compromise. And Republicans were ready to agree to a direct payment that would apply equally to workers with incomes up to $75,000 per year, before phasing out and ending altogether for those earning more than $99,000.

https://www.nytimes.com/2020/03/20/worl ... world.html

[Skids]

You continually harp on about Trumps "bankruptcies", yet, I doubt you even understand what a Chapter 11 bankruptcy is.

Chapter 11 bankruptcy allows companies to restructure or wipe away much of their debt to other companies, creditors, and shareholders while remaining in business but under the supervision of a bankruptcy court.

Chapter 11 is often called "reorganization" because it allows the business to emerge from the process more efficient and on good terms with its creditors.


There ya go

[Wokko]

It's not worth engaging with Trump Derangement sufferers, they're beyond logic and reason.

Orange man bad.

[pietillidie]

^Lying conman mentally ill.

You would have to be under Trump derangement syndrome to believe a single word that came out of a recognised compulsive liar's mouth.

He managed his businesses so badly, so often, that he repeatedly had to use the courts to enter bankruptcy, variously losing management and stakeholder control, and paying creditors less than they were owed.

Or did you think 'restructuring debt' meant he actually paid back 100 cents on the dollar, just a bit later than scheduled? Is that what he told you while he was desperately using the courts to stop you examining his finances?

Sure, business is business. And leveraging the courts and god knows what other backroom sleaze to avoid your proper responsibilities, and convincing people your failures were actually successes, are skills, agreed. I've always said I thought he was talented; a talented conman and head case, and the very last person you'd trust to manage a soup kitchen, let alone the superpower.

The pathological narcissist told himself and the world lies for weeks on end instead of managing Coronavirus with due caution, having already trashed healthcare, social stability, and government capacity and leadership. Now he's chapter elevening the superpower, and everyone else is paying for it. Who'd have thought a communicable disease can cross borders in the 21st century, and that you'd need to manage public health with great care and preparedness?

All those hours tweeting, reacting, self glorifying and seeking petty revenge like a twisted effwit. All those hours managing his conflicts of interest and lawsuits against the enemies he creates daily, and obfuscating the trail of corruption in his wake. All those hours not doing his job properly and managing risk.

[pietillidie]

Not only did Trump's dissociative 'if I think it then it will happen because I'm special genius' looney psychiatry cause him to delay national action for weeks, his ridiculous tax cuts and overheating of the economy means the market is having to face his catastrophic financial mismanagement at the same time. Here's an ANU economist:

Even if the disease does turn out to be a one-year crisis, Mr. McKibbin has little faith in a robust economic rebound once it has passed. In his view, the disease has provided an opportunity to reassess a vast overvaluation of financial assets.

“People may now realize the extent of their overvaluation, and this could lead to persistent economic consequences,” he said. “This is a day of reckoning.”

https://www.nytimes.com/2020/03/21/busi ... ssion.html

As argued some time ago, when you overheat the economy like a halfwit, and pump up stocks daily, and trash the global economy through a trade war so your trading partners struggle, driving capital into the US, and you pressure the Fed to go too easy, the other shoe must drop. And so it has. I for one couldn't be #£#&@ angrier.

The sick irony now is I have to hope George W. II becomes a global hero for the sake of myself, everyone I know, and the planet at large.

[Skids]

[Pies4shaw]

[watt price tully]

You continually harp on about Trumps "bankruptcies", yet, I doubt you even understand what a Chapter 11 bankruptcy is.

Chapter 11 bankruptcy allows companies to restructure or wipe away much of their debt to other companies, creditors, and shareholders while remaining in business but under the supervision of a bankruptcy court.

Chapter 11 is often called "reorganization" because it allows the business to emerge from the process more efficient and on good terms with its creditors.


There ya go

Oh dear: It’s OK to support Trump but to swallow a rationalization of bankruptcy is another matter entirely.

Reorganisation indeed!

[watt price tully]