Discussion: Trump Makes Puzzling Claim That Stock Market Gains Have Reduced The Debt

TPM Article Topics
1
Trump Makes Puzzling Claim That Stock Market Gains Have Reduced The Debt Trump Makes Puzzling Claim That Stock Market Gains Have Reduced The Debt Back to article
2

I got nuthin’
Every day, every hour, every minute more insanity.
I have to ignore it at peril of my sanity.
The mute button on the remote is worn out

27 Likes
3

So how many $trillion did we “pick up in the stock market” under Obama?

30 Likes
4

What a fool. Says any inanity that comes into his head that he thinks will make for a great brag.

It does give a glimpse into how he counts money and debt. All those who cast serious doubt on his self-proclaimed riches - yep this is how he counts. Nonsensically, and all mirages no accounting.

30 Likes
5

He was looking at the national balance sheet and that’s what it told him.

3 Likes
6

All of the bad was done by the “they” you notice. All of what he somehow perceives as good was done by “uns.”

10 Likes
7

Puzzling? Don’t you mean incompetent, incoherent and nonsensical?

24 Likes
8

What?

I…

What?

12 Likes
9

So let me get this straight- according to Trump* non-American and American companies traded on the stock exchange, who in many cases pay functionally zero taxes while taking billions in U.S. subsidizes, somehow magically lowers U.S. debt?

H.L. Mencken was right- this guy truly is the Moron’s President.

24 Likes
10

I can feel the shuddering at Wharton all the way over here in Germany.

A graduate of Finance and Commerce at Wharton (undergrad, not MBA – and without honors of any kind). But still, egg on their face, no matter how you cut it.

image.png960Ă—653 346 KB

19 Likes
11

Wharton fucking moron.

21 Likes
12

And yet, somehow more than Scott Walker ever achieved academically!

8 Likes
13

"Those who can make you believe absurdities can make you commit atrocities." – Voltaire

10 Likes
14

About $8 trillion.

https://data.worldbank.org/indicator/CM.MKT.TRAD.CD?locations=US

1 Like
15

I used to wonder how a casino could possibly manage to go bankrupt.

I now understand!

24 Likes
16

If anything, Rex Tillerson understated the case…

18 Likes
17

This has been kicked around on Recanting Oath of Office thread. It’s prep work to massage deficit hawks in Congress into voting for a budget-busting tax cut. They got M’nuthin’ else.

10 Likes
18

It’s not puzzling; it’s an indictment of Wharton.

7 Likes
19

During the Obama administration the Dow rose 171% (It was up 20% by Oct 12 2009). So far under Trump it is up 15%. I would also point out that this type of growth in the markets is not sustainable and at some point there will be a “correction”. I’m not sure how Trump and his supporters will handle that.

14 Likes
20

People cheat everywhere.That’s what he did. Then and even more so now, Legacy students aren’t students–they’re Customers.

12 Likes