Stock Market

First Year In Oval Office Under Most Presidencies Problematical, And Joe Biden Better Than Many!

One could argue that Joe Biden has accomplished a great deal in the first year, while often having disappointments and shortcomings.

Two major pieces of legislation were accomplished (The American Rescue Plan, and the Physical Infrastructure legislation), and the only reason why the Build Back Better bill and voting rights have failed to be accomplished is the opposition of two Democrats–Joe Manchin and Kyrsten Sinema–and the reality of an equally divided Senate for only the third time in American history!

While inflation has become a major problem, the stock market dramatically rose, more jobs were created in the first year of a Presidency than any other administration, and the unemployment rate has dropped to a very low rate.

There are still the issues of the COVID 19 Pandemic, and the disaster of Afghanistan withdrawal, but the first issue was unpredictable as the worst health crisis in a century, and the second would have been the same result had Donald Trump stayed on as President, since he had made a deal with the Taliban without Afghanistan government involvement, to leave in May 2021, NOT as occurred in August 2021!

So some disappointing developments in the first year of a Presidency are not unique to the 46th President!

When one looks back at other Presidencies, it is actually quite common that the first year of a Presidency is a learning curve, and does not reflect on whether such Presidents will be, in the long run, successful, and also have the possibility of successful reelection.

The following Presidents had very successful first years—Theodore Roosevelt, Woodrow Wilson, Franklin D. Roosevelt, Lyndon B. Johnson, George H. W. Bush!

Three Presidents had what could be described as mixed records in the first year in office–Dwight D. Eisenhower, George W. Bush, and Barack Obama.

The following Presidencies in the 20th and 21st century were far from successes in their first year:

Harry Truman 1945
John F. Kennedy 1961
Richard Nixon 1969
Gerald Ford 1974-1975
Jimmy Carter 1977
Ronald Reagan 1981
Bill Clinton 1993
Donald Trump 2017

Among these eight Presidents, four—Truman, Nixon, Reagan, Clinton–won reelection.

So it is not time to say that Joe Biden will fail to succeed, as he already has in many respects, and it is not time to say he cannot win reelection fo a second term!

A Year After Joe Biden Election, Major Economic Advancements In Midst Of COVID 19 Pandemic!

A year since Joe Biden was elected President, the nation has seen major economic advancements in the midst of the COVID 19 Pandemic.

We have seen 5.6 million jobs created, the greatest of any President in nine months in office.

We have seen 531,000 jobs created in October alone.

We have a 4.6 percent unemployment rate, similar to what Barack Obama left the nation when he finished his Presidency in January 2017.

The Stock Market is at an all time high as I write this!

We have seen major Pandemic relief legislation, and now a massive Physical Infrastructure bill ready to be signed by Joe Biden.

The Social Infrastructure legislation is making progress, at a lower rate than originally planned, but still in the range of $1.75 trillion.

We are seeing greater progress than was possible by Jimmy Carter, Bill Clinton, and even Barack Obama in their first year.

Joe Biden is on the way to being the most successful domestic President since Lyndon B. Johnson and Franklin D. Roosevelt.

This is the time to promote and publicize the great advancements, and make the case for the Democrats to have expanded majorities in both houses of Congress in 2022 and beyond.

Trump And Right Wing Media Put Economy Above Lives

It is clear that Donald Trump and the right wing media (Conservative Talk Radio and Fox News Channel) are ready to put the economy above lives of elderly people and even those of all ages.

Ignoring science and the reality of the CoronaVirus pandemic raging worldwide, the mood is to “get back to business” and have people interact rather than isolate themselves at home.

Certainly, the collapse of the stock market, almost 40 percent in a month, and millions of people going jobless, is a very disturbing development.

But to stand by and encourage social interaction that will likely kill millions of Americans is simply suicidal behavior!

For the conservative movement and the Republican Party to back Donald Trump in worrying more about the economy than life itself is beyond reasoning, particularly for an ideological movement and a party so hellbent on ending abortion.

The Republican Party and conservatism may be remembered in the long run for their lack of concern for people’s health, and willingness to sacrifice the elderly.

That is a horrific condemnation of the party of Lincoln and Theodore Roosevelt!

The Self Styled “War Time” President: Greatest Economic Collapse Since 1929, And 32 Percent Drop In Less Than A Month, Back To When Barack Obama Left Office!

So here we are in mid March, less than a month after the all time high on the Stock Market, and we have just witnessed the greatest collapse since 1929, a 32 percent drop in the Dow Jones Industrial Average and other measurements of the stock market.

So now we are back to what the stock market was on the day that Barack Obama left office, after the greatest economic recovery in American history, greater than Franklin D. Roosevelt, who had to count on World War II to end the Great Depression totally!

Obama presided over a 250 percent increase in the stock market, and an unemployment rate left to him by George W. Bush and the Great Recession of 10 percent unemployment, which was lowered to 4.7 percent when he left office.

But of course, Donald Trump would never give credit to the “black man” for anything, so it is just desserts that his raving about the great performance on the stock market and in the unemployment rate, added on to what Obama had accomplished, is now totally gone!

And now, Donald Trump has the gall and nerve to call himself a “wartime President”, when he evaded the military draft with a fake medical letter claiming he had “bone spurs”>

This was Trump’s major argument for his reelection–the “great, fantastic” economy, and now it is gone! Meanwhile, Trump has done tremendous damage in a multitude of ways, and he is insured of being the absolutely worst President in American history!

There are now projections that the unemployment rate will skyrocket, maybe to an unheard of 20 percent, which would be by far the worst since the 1930s!

If Trump had any principles and decency, he would resign today as a total failure, and the only reason he will not do so is that he would face prosecution for his crimes, and hopes to avoid that.

America must defeat Trump, and send him as an indicted felon into a court of law, with just desserts being imprisonment for the rest of his natural life, but not stop there, but also go after his children and son in law, and all of the crooked people who worked for him and brought about the disaster, ongoing, of the Trump Presidency!

Donald Trump Does The Unforgivable: Attacks Joe Biden And Barack Obama On Foreign Soil, And Lies About The Obama-Biden Economic Record

Donald Trump did the unforgivable by attacking former Vice President Joe Biden and former President Barack Obama on foreign soil, while in Japan this past weekend.

It is a known rule that no President deals with domestic politics while overseas, and no President embarrasses his host by putting them on the spot as he criticizes political rivals.

But this is Donald Trump, who does not believe in any rules, regulations, or common decency.

Calling Biden a low IQ individual, agreeing with totalitarian dictator Kim Jong Un of North Korea, and claiming that both Obama and Biden presided over a disastrous administration in every way, including the economy, is the continuation of an attack on opponents that began with John McCain. It has now included everyone imaginable, and not just individuals that are well known, but also victims as in Puerto Rico after the hurricane, and groups of vulnerable people, such as refugees, gays and lesbians, transgender people, disabled people, and so many more.

The massive lie about Obama, Biden, and the economy is beyond belief, when the facts are that Obama presided over the greatest economic recovery in American history, greater than Franklin D. Roosevelt before World War II resolved the Great Depression.

From 10 percent unemployment, and the worst economic conditions in 70 years in 2009, inheriting the Great Recession under George W. Bush, to Obama and Biden leaving office in January 2017 with unemployment under 5 percent, we have now seen more than eight years of constant economic growth, an all time record. The continuation of economic growth under Donald Trump would have continued if Hillary Clinton was in the White House.

The stock market also recovered more than 250 percent from what it was when Obama-Biden came in during 2009 until the beginning of 2017. And all this was done without being engaged in a major war.

Trump can lie, and his minions can believe his use of the Big Lie technique of Adolf Hitler, but “the truth shall set us free”, and history will record Barack Obama and Joe Biden for their economic accomplishments.

Donald Trump Has Gone Bonkers By His Action To Withdraw US Forces Fighting ISIS In Syria

The absolutely worst moments of Donald Trump’s Presidency are upon us.

Trump, totally ignorant and clueless on American foreign policy, has ordered the complete, rapid withdrawal of all US forces from Syria, at a time when ISIS is still a threat, and many enemies gain by our withdrawal.

Russia, Iran, Turkey, the murderous regime of Syrian dictator Bashar al-Assad, and the terrorist group Hezbollah all gain.

The NATO allies–Great Britain, France, Germany, Canada and the rest–, Israel, Saudi Arabia, and the Kurdish allies who are anti Turkish and anti Assad, all are major losers.

Total disarray and gains for authoritarian governments is the result, and we will rue the day that we decided to leave the fight against ISIS, which is not yet totally defeated.

This is all part of a clear plan by Trump to help his friend Vladimir Putin, and Turkish dictator Recep Tayyip Erdogan, and ironically, the major enemy of Israel and Saudi Arabia, the Islamic Republic of Iran.

Our President is clearly a menace, and many Republicans, including Senators Bob Corker of Tennessee, Jeff Flake of Arizona, Lindsey Graham of South Carolina, Marco Rubio of Florida, and Jeff Flake of Nebraska, are coming out of the woodwork to express their disgust and disdain of what the President is doing.

This is the time for James Mattis, Secretary of Defense; Mike Pompeo, Secretary of State; and John Bolton, National Security Adviser, all of whom were strong supporters of remaining in Syria, to announce their mass resignation, and call for Donald Trump to resign.

As I finish this essay, Mattis has announced his resignation, making ever more dangerous the reality that there are no real “adults'” advising Trump on military policy.

Meanwhile, the stock market has been in free fall, and it looks as if the government will be shut down over Christmas, due to the insistence of Donald Trump that there be a 2,000 mile built across our boundary with Mexico, an insane and wasteful idea that will not guarantee security.

It is time for Vice President Mike Pence to speak out against the President, and show some guts and courage to speak his mind.

The Facts About Barack Obama’s Achievements On The Economy , Corruption, And Health Care, As Compared To Donald Trump’s Record

With the Midterm Elections of 2018 only ten days away, we are now in the season of lying about Barack Obama’s record by Republicans, who act as if the 44th President accomplished nothing while in office, and was an abject failure.

Somehow, the experts see it differently, as the C Span Poll of Historians in 2017 put Obama 12th of all Presidents, and the American Political Science Association poll of 2018 puts Obama as 8th among all Presidents.

Obama brought about the greatest economic revival from a economic collapse in US History, far better than Franklin D. Roosevelt and the ending of the Great Depression, only brought about ultimate entrance into World War II, while Obama brought about an end to the Great Recession without a major war. The stock market nearly tripled under him, and the unemployment rate went from 10 percent when George W. Bush left, to under 5 percent when Obama left office. But Donald Trump tries to claim that magic took place when he came into office, and that the present booming economy is all his doing, ignoring the recovery under his predecessor. It is clear that the economy’s improvement would have been much the same under Hillary Clinton had she won the Electoral College and become our President.

There was no corruption under Barack Obama of note, and no one was indicted or convicted, while the record of the George W. Bush administration had quite a lot of corruption, but already Donald Trump has seen more corruption in less than two years than Bush had in eight years. Trump’s cabinet and other advisers have demonstrated more corruption than any in American history. and so many people have been indicted or pleading guilty in the probe on Russian collusion.

Obama also promoted the protection of preexisting conditions under the Affordable Care Act or ObamaCare, which the Republicans have tried to destroy 70 times, although now all candidates for reelection are claiming otherwise, but a pure lie. Donald Trump has no concern about health care, and instead brags about the massive tax cut to the wealthy, which is leading to Republicans claiming that not only must ObamaCare be repealed, but also there is a need for massive cuts in Social Security, Medicare, and Medicaid.

Trump supporters who believe any of the propaganda coming from Trump and Republicans running for reelection, are truly delusional, and fail to understand that the facts are very different from the myths being perpetrated by Republicans who hope to keep control of Congress after the elections in less than two weeks.

Trump’s Tariff Wars Will Destroy Agriculture, Dramatically Raise Company Expenses And Prices, Cause Massive Consumer Price Inflation, And Rising Unemployment

Donald Trump has announced a “Tariff War” against China, as the primary target, but also against most of our trade partners.

In so doing, he is guaranteeing a disastrous economy down the road.

In 1930, Herbert Hoover went along with the Smoot Hawley Tariff, and it helped make the Great Depression, which has begun months earlier, become an ever greater calamity.

But Donald Trump knows nothing about Herbert Hoover, and nothing about the effect of “tariff wars”.

So expect economic calamity, including American agriculture unable to sell their products overseas, causing a massive farm depression.

And expect that businesses will be harmed, and will start to raise prices, and those will be passed on to the consumers, all of us.

We will be paying a lot more for food, clothing, technology, and industrial goods of all kinds.

Also, many businesses, if they lose revenue, will lay off tens of thousands of workers, causing a massive rise in the unemployment rate.

And just today, the stock market reacted by losing nearly three percent, and dropping 724 points, and this will not be a one day phenomenon.

Donald Trump is destroying the revived and prosperous American economy accomplished by Barack Obama in his eight years in office.

It is almost as if he is purposely doing everything he can to wipe out the memory of our first African American President.

We have a very sick, demented President, and the nation is suffering, and will suffer ever more until he forced out of the Presidency, and it cannot come fast enough!

88 Months of Job Growth, All Time Record, So Future Is Economic Recession, Just A Question Of When And How Severe

America has experienced 88 months of job growth and an improving economy, an all time record, so the future is economic recession, with the only question being when and how severe it will be.

It is like gravity, in that what goes up must come down, and Donald Trump has been bragging as if he created the economic growth, when it was the contribution of Barack Obama, who was overseer over the greatest economic recovery in American history, and without war.

Franklin D. Roosevelt is credited with helping to solve the Great Depression in the 1930s, but it took until war spending for World War II for the recovery to be totally successful, while Obama avoided a major war, and created the economic conditions that now Trump is making it as if he did it all by himself in the past year.

Trump came into office with a great economy, while Obama came in at the worst time since Herbert Hoover, and had to deal with what we call the Great Recession.

As I write this, the stock market has had its two worst days in two years, losing 666 points on Friday, and 1175 on Monday, making for the greatest two day loss in stock market history. The market actually went down 1579 before it revived to 1175 by the close of trading. So it went down in the past two days by 1840, a total of seven percent of the stock market.

It will be interesting to see how Donald Trump reacts to this, since he loves to give himself credit for the improvement in the stock market, even though it was steadily rising under Barack Obama, who he will never give credit to on anything.

if the economy falters, Trump will lose a lot of his supporters, and his public opinion polls will collapse into the 20s instead of the low to mid 30s where it is right now.

Trump Tax Cuts Already Undermining Budget, And Threatening Social Safety Net Of Social Security, Medicare, Medicaid

The Trump tax cuts are already, just as they are going into effect, causing a massive shortage of government funds, and threatening the stability of the Social Safety Net of Social Security, Medicare, and Medicaid, and as well as educational, environmental, consumer, and labor laws.

This is precisely what the Republican Party of Speaker of the House Paul Ryan, Senate Majority Leader Mitch McConnell, and the Trump White House wants, to destroy the entire social and economic reforms and regulatory laws of the New Deal of Franklin D. Roosevelt, the Great Society of the Lyndon B. Johnson, and the reforms of Barack Obama, along with lesser reforms of Harry Truman, Dwight D. Eisenhower, John F. Kennedy, Richard Nixon, Jimmy Carter, George H. W. Bush, Bill Clinton and George W. Bush.

The Republican Party is now an extremist right wing party controlled by the Freedom Caucus and evangelical Christians, who will not be satisfied until they take America back to the 1920s and the Gilded Age.

And this past week, the beginning of the end of what is now 88 months of economic expansion and job growth is evident, as today, the stock market collapsed with a 670 point drop, and a 1,000 point drop over this entire week. This is the biggest drop in two years, about 2.5 percent in the past week. It is also the biggest drop since the financial crisis of late 2008, which led to the Great Recession.

This was predictable, as no market or economic growth can continue to expand forever and already, the seven years and four months of expansion, since the last months of 2010, is an all time record.

We will go through very rough times from now on, and yet the wealthy top one or two percent will continue to gain massive tax cuts, while the rest of America suffers.

We are on the road to potential social uprising, as the American people realize that a President who lost the popular vote, and has engaged in illegal acts, works to undermine the investigation of Russian collusion, money laundering, abuse of power, violating the emoluments clause, and obstruction of justice, at the expense of the American people, but makes sure his class of wealthy people continues to benefit.

The Trump public opinion rating in the mid 30s is likely to collapse into the 20s at this rate, but will the Republican Party try to rectify itself in Congress, or will they continue to collaborate in treason and corruption, and destroy their historical legacy long term?

We shall see in the months leading up to a likely massacre in the midterm elections this November.