Trump Claims Prospect of 'Presidential Harassment' by Democrats Is Causing 'Big Headaches' for...

[DonViejo]

Source: Mediate



Trump Claims Prospect of ‘Presidential Harassment’ by Democrats Is Causing ‘Big Headaches’ for Stock Market

by Josh Feldman | Nov 12th, 2018, 11:11 am

President Donald Trump claimed today that the stock market is having “big headaches” because of the Democrats.

The Democrats taking the House means they will be able to conduct investigations, and Trump borrowed a phrase that Mitch McConnell has used before – “presidential harassment” – only this time in reference to the market:

Link to tweet

Trump recently said at a jobs event that if the midterms didn’t go well for the GOP, “I think you’re going to lose a lot of money.” Axios reported on Monday that “there are at least 85 topics that Democrats have said they’d target — or are expected to target — in the forthcoming torrent of investigations and subpoenas to be directed at the Trump White House.”

Those investigations could target everything from Trump’s tax returns to, as Rep. Adam Schiff said on Sunday, his administration’s alleged targeting of media outlets like CNN and the Washington Post.

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Read more: https://www.mediaite.com/online/trump-claims-prospect-of-presidential-harassment-by-democrats-is-causing-big-headaches-for-stock-market/

[njhoneybadger]

1. Maybe it has something to do with falling oil prices, bullshitter and chief.

And Apple drop 3%

[4du]

10. Of course the market went down

and if the loss is more than 400 points on the Dow, tomorrow it will be up at some point (not necessarily at the close). However, the trend over the next 2 months will be down. The market is based on expectations. Money flooded into the economy this year via Tax cuts and deficit spending. Year to year company earnings looked very good P/E expanded and the market hit new highs. Next year there will be a less money which will enter the economy to stimulate it. Year to year earnings will not look as good, P/E will shrink and the market will go down. Perhaps even crash if a black swan event occurs.

[aggiesal]

17. Everyone will feel it on April 15, 2019. ...

Apparently, based on a current IRS Agents statement, that
the tax bill passed by IQ45 gave everyone more money in their paychecks.
(This is what is stimulating the economy)
https://www.democraticunderground.com/100211312532

What was never mentioned was that the tax tables were not adjusted, they are still the same as before.
So all that extra money everyone is getting, will have to be paid back on April 15th.

For example (And this is just an example. Numbers used are for simplicity),
let's say your gross pay is $2000 every 2 weeks is $52,000/yr.
In 2017 after paying payroll taxes your net pay came out to $1000 per pay check.

The new IQ45 2018 tax break for the middle class now gives you an extra $200 per paycheck,
so your net pay is now $1200 per paycheck. That's an extra $5,200 per year.
Unfortunately, that's $5200 that should have been paid as taxes, because the tax tables
were never adjusted for that money to be un-taxable.

You'll get hit with an extra $5200+ in taxes on April 15th.

This is just pure evil.

[4du]

25. IQ45 is not stupid, he is sly and manipulative without a moral compass

He is laying the groundwork now to blame the Democrats when the shit hits the fan next year. In economics, there is always a lag between the cause and the effect. We must make sure that we separate ourselves from his economy. Forget hearings on impeachment and his personal affairs, most average people do not understand their importance. Instead, hold high profile hearings on the long-term effects of his economic policy on the average person.

[aggiesal]

32. How will you get the people that are seeing a bump in their paychecks ...

that they are spending their taxes?

Do you think hearing will work?

I've been setting money aside just like that IRS agent is doing, to cover
the taxes I know I'll be incurring.

[unblock]

2. how does some future congressional inquiry into donnie's finances, e.g., affect apple's valuation?

moreover, the market knew democrats would launch investigations the minute it was clear we retook the house, which itself was widely predicted and largely already priced in to the market.

there's not been any particularly huge political news *today* that would affect the markets *today*.

[benld74]

3. My reply back was

The stock market is not a sentient being

I believe you aren’t either

[4du]

14. Collectively it is; based on the expectations of all investors

[agingdem]

4. right!

so the market dipped way way down and looked like it was crashing when the GOoP had control of the House and it was whose "fault"? certainly not the insane tariffs and and the rising interest rates under the Trump's guy and the tax cut for the wealthy and the fact that the immediate world hates Trump's guts...btw...the GOops still control the House (until January)..so the market is tanking in anticipation of the Dem takeover? isn't there a word for someone who is forever a victim and a hero?..sociopath comes to mind

[Owens]

5. WTH?

The Dems won't take the House till after January 1st. WTH is the orange buffoon talking about?

[rurallib]

31. setting the stage to blame Democrats when the economic bubble pops

he's got nothing else and his insane economic policies are bound to run into a wall at some time.

[John Fante]

33. The Pukes tried this in 2007 when the recession. The public

didn't buy it then, I doubt they'll buy it now.

[Stonepounder]

6. Just like the stock market went down and down during the Obama years?

Benghazi
Hillary's emails
The Clinton Foundation
Obama actually born in Africa
Obama hung in effigy
Obama portrayed as witch doctor

IOKIYAR

[duforsure]

7. Coming from the guy

Behind cutting over a trillion and a half from Medicaid, Medicare, and Social Security, and sabotaging the ACA driving prices sky high, and causing prices to go up from tariffs , and his new NAFTA causing auto prices to rise $4k - 8k per auto, and gives the wealthiest people in this county trillions from their tax fraud bill, and now is claiming his investigations is causing the stock market to crash, give me a break. He's such a fraud, and a conman.

[KY_EnviroGuy]

8. Let's start by claiming tRump wasn't born in the USA.

............

[Racerdog1]

9. Really?

Orange spray tan and yellow hair dye are tanking.

[C_U_L8R]

11. Who writes this stuff?

Do they sit in some dark cave dreaming up one catchy deception after another. And they've kept their distribution system remarkably secret - is it just a massive email list or are they still on fax machines?

[fierywoman]

28. More frightening: who can believe this stuff?

[Iowa420]

12. Get use to this narrative

because it's the only one they got right now..

[LiberalFighter]

13. Doesn't he mean that it is causing headaches for him? nt

[Ccarmona]

15. The Market is Trending Down due to Higher Interest Rates

Exploding government debt, weakened corporate earnings, and economy. All due to the Repugs polices of doing nothing but raiding the Treasury and handing that money to the top 1%

[Cosmocat]

16. Pretty much

nm

[Maxheader]

18. Wrong fatboy...

New York (CNN Business)Why are stocks falling again? President Donald Trump says it's because Democrats are gearing up to use their impending control of the House of Representatives to investigate him. As always, when it comes to the markets, the real answer is complicated.
The Dow fell more than 500 points on Monday, dragged down by investors' concerns about the tech sector and the rising dollar. The Nasdaq fell 2.6% and the broader S&P 500 fell 1.7%.
The strong dollar also weighed on stocks. The US currency surged to a 16-month high because investors fear the European economy could stall if no Brexit deal is reached this week. Prospects of another rate hike from the Fed next month have also helped lift the dollar. The rising dollar is a signal of a strong economy, but it hurts sales and profits for American companies that do business overseas.

[beachbum bob]

19. The constitution doesn't care about stock markets, this is only the

beginning of trumps whining.

[kimbutgar]

20. The orange maggot is the biggest troll ever!

[SWBTATTReg]

21. rump is full of it again...nt

[Fullduplexxx]

22. The talking point has gone out .

[Nitram]

23. Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha,

ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha....

[Vinca]

24. That deserves an orchestra of tiny violins.

[MaryMagdaline]

26. Stock market did pretty well under Clinton (Whitewater, Lewinsky) and Obama (Bengazi!!)

If you can't take the heat (or rain), RESIGN NOW!

[libdem4life]

27. Me, me, me, me, me...everybody look at Me...

sittin' in the garden eatin' worms. Poor me.

[Bfd]

29. The Prospect of 'Presidential Harassment' ??

Its called indictment.

[The_Counsel]

30. He Seriously Needs to Shut the Entire Fuck Up.

That's it. Point made. As you were.

[Haggis for Breakfast]

36. This.

I could not have said it better.

[ck4829]

34. LOL

[TexasBushwhacker]

35. He always forgets that 93% of all stock is owned by the top 20% of households

And that includes indirect ownership through mutual funds, 401Ks, etc. Only 54% of American households own any stock whatsoever.

https://www.npr.org/2017/03/01/517975766/while-trump-touts-stock-market-many-americans-left-out-of-the-conversation

[olddad56]

37. maybe someone with more knowledge than me can answer this question about the corp tax cut.

with a 40% tax cut for corporations beginning in 2018, wouldn't that make the corporations bottom line look much better this year? and if so, what will be the effect in 2019 of that cut being priced into the corporate bottom line beginning when they start reporting earnings in march for the first qtr of 2019?