It was not yet clear on Friday how Mr. Trump planned to carry out his demands, including ordering companies to begin seeking alternatives to China. Mr. Trump has routinely urged American companies to stop doing business in China and has viewed his tariffs as a way to prod them to move production. While some companies have begun looking for other places to locate their supply chains, including Vietnam, many businesses — particularly smaller ones — say such a move is costly, time-consuming and could put them out of business….
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Trump has been well aware that his bullshit about a ‘good economy’ was just that….
Bull Shit’
But true his nature…
He’s gonna try to sell something that doesn’t exist….
Top White House advisers notified President Trump earlier this month that some internal forecasts showed that the economy could slow markedly over the next year, stopping short of a recession but complicating his path to reelection in 2020.
The private forecast, one of several delivered to Trump and described by three people familiar with the briefing, contrasts sharply with the triumphant rhetoric the president and his surrogates have repeatedly used to describe the economy.
Even as his aides warn of a business climate at risk of faltering, the president has been portraying the economy to the public as “phenomenal” and “incredible.” He has told aides that he thinks he can convince Americans that the economy is vibrant and unrattled through a public messaging campaign. But the internal and external warnings that the economy could slip have contributed to a muddled and often contradictory message.
Administration officials have scrambled this week to assemble a menu of actions Trump could take to avert an economic downturn. Few aides have a firm sense of what steps he would seriously consider, in part because he keeps changing his mind.
Ideas that have been discussed include imposing a currency transaction tax that could weaken the dollar and make U.S. exports more competitive; creating a rotation among the Federal Reserve governors that would make it easier to check the power of Chair Jerome H. Powell, whom Trump has blamed for not doing all he can to increase growth; and pushing to lower the corporate tax rate to 15 percent in an effort to spur more investment. Some, if not all, of these steps would require congressional approval.
[Trump says the economy is now the ‘greatest.’ Here’s how it compares to Obama’s. ]
“Everyone is nervous — everyone,” said a Republican with close ties to the White House and congressional GOP leaders. “It’s not a panic, but they are nervous.”….
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Note…
As usual?
Donald Trump is blaming EVERYONE for a problem and NOT listening to ‘expert’s’ advice….
President Trump labeled the chairman of the Federal Reserve — someone he chose for that job — as an enemy of America. He “hereby” ordered U.S. companies to look for ways to stop doing business with China. And he accused Democrats and journalists of some kind of Deep State theory to convince people that there is a recession.
We know Trump’s been anxious about the economy for the past few weeks, but his tweets Friday, consisting of all of the above, suggest a desperation to find something, anything, to fix the economy, or deflect blame for what can’t be fixed, before it sinks his reelection hopes….
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