What Kind Of Trlcks Will Trump Pull In Order To Gin Up The 3rdQrt Economic Numbers?....

[global1]

He keeps talking about how great the 3rdQrt economy is going to flourish from all this pent-up demand of the American People. I just don't envision the 3rdQrt being at all good.

However, knowing Trump - he's going to do something to to gin up those numbers just before the Nov election and use that to get re-elected. I actually think he's fighting a losing battle and is just trying to say things so he doesn't lose any more of his deplorable supporters.

Yesterday - his press conference was more of a campaign speech where he touted the great job he's done combating this virus; the testing and availability of tests where most everyone says they can't get; his wall; the 3rdQrt rebirth of economy and how great next year will be for the Economy. [He's trying to take credit for next year already - in hopes that people will fall for that and vote for him. His fall-back when he loses is that 'if you would have elected me the economy would be gangbusters now but it's the Dems and Biden's fault that it is bad.]

I want to know - what he can pull to gin up 3Qrt numbers to his advantage?

[SoonerPride]

1. Nothing.

There is nothing he can do to get 22,000,000 people employed again.

[Mike 03]

2. Does anybody remember that post from a few days ago...

of a series of tweets from some verified person (a reporter?) that claimed Trump was going to try to resuscitate the economy with executive orders that would basically force people into buying things. The example it gave was that Trump would outlaw truck rigs older than ten years from driving on American highways, forcing truck drivers to demand new rigs.

Desperate and crazy, I know.

EDIT: It was Laurie Garret

https://www.democraticunderground.com/100213419037

Is this plausible? She's great, but this idea is insane.

Link to tweet

Link to tweet

[GriffenRamsey]

5. Yes, that has started...

https://www.whitehouse.gov/presidential-actions/executive-order-securing-united-states-bulk-power-system/

Section 1. Prohibitions and Implementation. (a) The following actions are prohibited: any acquisition, importation, transfer, or installation of any bulk-power system electric equipment (transaction) by any person, or with respect to any property, subject to the jurisdiction of the United States, where the transaction involves any property in which any foreign country or a national thereof has any interest (including through an interest in a contract for the provision of the equipment), where the transaction was initiated after the date of this order, and where the Secretary of Energy (Secretary), in coordination with the Director of the Office of Management and Budget and in consultation with the Secretary of Defense, the Secretary of Homeland Security, the Director of National Intelligence, and, as appropriate, the heads of other executive departments and agencies (agencies), has determined that:

(i) the transaction involves bulk-power system electric equipment designed, developed, manufactured, or supplied, by persons owned by, controlled by, or subject to the jurisdiction or direction of a foreign adversary; and

[Mike 03]

7. OMG. Thank you for posting this.

[GriffenRamsey]

11. Sure. I expect more, but telling people they need to buy new cars and phones while the U6 is at 22%?

That will not be popular.

Normally you hear the U3 number. The U6 measures the broadest measure of the unemployed, including those like me who were sick when this stared and already out of work but looking. I expect the U6 to hit 40% with the U3, the normally reported number, well over 30%. I'd say we get there in Q1 2021.

I know nothing though. I'm basing that on what I see in the various trades press, suicides in industries, like dentistry or veterinarians whose practices carry lots of debt to star, and the recent deaths of finance ministers by suicide.

Also, the mainstream consensus is 30%, and they have lowballed everything so far, so greater than 30% on the U3 seems reasonable.

Of course, a massive jobs program in a new Biden administration could help. My personal favorite idea is to digitize America's archival material and vital records at all three levels of government. This can be done in relative isolation, would create work nationwide, would open up a second class of employment in transcribing hand-written documents,and open a vast amount of data to researchers, historians and the public.

[duforsure]

3. He'll corrupt the numbers

Just like he does with polls, and deaths, and will find a way to change them to what will help him look good. Just like unemployment , he's allowed them to not be reported from Governors tricks used to keep them from not getting it.

[Coleman]

4. Remember the stock market is a casino for the rich

All it takes is s**t load of buy orders to make it look that it is coming back. As long as money is coming in, Trump doesn't care about unemployment, deflation or inflation, stocks will climb. And if The Dems take over, sell, sell, and crash the market again. And who has most of the wealthy supporting him, just promise another tax cut if he gets elected.

[Mike 03]

6. This notion of pent-up demand

There might be pent-up demand, but there won't be pent-up discretionary money to spend, at least for most people.

[Newest Reality]

9. +1

[uponit7771]

12. +1, only comfortable people are talking about demand right now

[Sneederbunk]

8. Too many holes in this dike.

[Demsrule86]

10. With millions out of work-numbers not seen since the great depression, there is nothing he can do...

No stimulus will work...

[Chainfire]

13. Compared to today

Last edited Tue May 12, 2020, 04:45 PM - Edit history (1)

It is quite likely that the third quarter will improve, regardless of what he does or doesn't do. He will simply take credit for that.