Robert J. Samuelson: Will the economy save Trump?

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  • airnaut Everett, WA
    Jan. 12, 2018 11:27 a.m.

    @2 bits
    "I'm not a Trump lover. But I am a truth lover. And you are not telling the truth."

    =========

    Oxymoron of the century....

    You defend Trump constantly.

    Christ is Truth
    Anti-Christ is a Liar

    ....plain and simple.

  • 2 bits Cottonwood Heights, UT
    Jan. 12, 2018 10:51 a.m.

    @Silo,
    Gallup is the gold standard (not Monmouth College). Monmouth has a reputation for biased polls.

    So you can find a group that gives him lower than 37%, on a day this year... Why not use today's numbers? And use the most widely used Gallup poll numbers? Because it doesn't fit your narrative?

    There's lots of polling groups. If I cherry picked like you, and picking one day, and the right polling group, I could claim Trump's lowest approval rating was 47%. But who trusts Rasmussen more than Gallup? Nobody.

    If I cherry picked like you I could claim his rating never went below 40%

    Rasmussen says 47% approval was Trump's worst score
    CNBC says his lowest rating was 42%
    NBC News says 41% was his lowest
    Bloomberg News says 40%
    GW Battleground says 42%

    Is Monmouth college the gold standard? NO. Gallup is. So I used their number (37%)

    And even if you cherry pick Monmouth... Carter had less than 20% approval. Truman 22%. So it's a lie that Trump has the lowest approval rating of any President.

    I trust Gallup. Even though their number was lower than others. You picked the lowest score of the 22. Why?

  • 1Reader Alpine, UT
    Jan. 12, 2018 9:47 a.m.

    The P/E's aren't too high, and business profits are soaring. It's not just paper wealth therefore, and it seems to still be growing with a foundation. (Also, 90% of the Recovery time period was in the Obama years too, not just the replacement jobs.) Economics may well help Trump and mid-terms.

    To quote a substantiated market mantra: "the prices are right and the markets are quick." When there is a correction or slowdown, stocks will be the first to adjust.

  • Brent Russell Draper, UT
    Jan. 12, 2018 12:30 a.m.

    I admire and support our President.

    I am particularly impressed with how he runs the gauntlet of the long knives every day.

    It should concern all of us how willing so many are to dismiss the bedrock American principle of the will of the people when their candidate loses.

    It should also concern all of us how akin prioritizing content on the Internet and in the cultural environment is to book burning.

    It has been said that those who wrestle with us strengthen our nerves and sharpen our skills.

    Our antagonist is our helper.

    I pray for our warrior President.

  • patrioticAMERICAN South Jordan, UT
    Jan. 12, 2018 12:27 a.m.

    @2bits “There's usually a reason the poor are poor. They don't work as hard, or bring in as much business as people who earn more.”

    Wow. Talk abt over-simplified judgmental hogwash. Would you be thinking of the “hard-working” Trump, who works so hard on his golf games, watching cable t.v., tweeting, etc. Trump inherited wealth—as many rich people do—& has prob. lost more than he's made. Many people make lots of money from stocks w/o doing a lick of work, but that requires money to start w/. And some make tons of money simply by spending a few hrs/year on various director's boards. Or like the management from Well's Fargo making huge bonuses from fraudulently charging customer fees, etc.

    Yes, some people do work hard for their money, such as doctors, engineers, etc. & many business owners, but do they really work any harder than: construction workers, janitors, small farmers, or teachers? Could a McDonald's owner run it single-handedly, w/o the min. wage employees. Plus, people born w/money have greater access to quality higher education & connections to more prestigious jobs.
    Attitudes like this help explain why so many people are living in poverty in our country right now.

  • silo Sandy, UT
    Jan. 11, 2018 9:23 p.m.

    @2 bits
    "I'm not a Trump lover. But I am a truth lover. And you are not telling the truth."

    This is a pretty pointed response. Especially considering that yes, in fact, there are multiple polls this year that have Trumps approval rating at 32%, exactly as OMM stated.

    You citing a single poll with different results does nothing to refute those claims.

    Monmouth, National Opinion Research Center, Lucid, IBD, and Pew Research all have Trump hitting a 32% approval at some point this year. Some have him hitting that number twice this year.

    "Get educated."

    Sage advice.

  • airnaut Everett, WA
    Jan. 11, 2018 3:38 p.m.

    Look --

    The truth is,
    Trump is destroying Trump.

    The trick is to not let him destroy America while he's at it!

  • marxist Salt Lake City, UT
    Jan. 11, 2018 3:17 p.m.

    And BTW, much of the huge corporate tax cut will go toward stock buybacks, feeding the bubble. This could be very bad news.

  • marxist Salt Lake City, UT
    Jan. 11, 2018 3:15 p.m.

    Samuelson is right about a possible stock market crash. The current stock market boom has all the appearances of another speculative bubble. We get them every now and then in capitalism, usually after memory of the last one has dimmed.

    At some point enough people will see the stocks are way over valued, out of line with actual corporate worth, and the market will crash. Of course this won't mean another Great Depression necessarily, but it could well lead to a recession because of the huge negative wealth effect such a crash would bring, i.e. the wealth in stock portfolios would be cut and spending would decrease.

    Keep an eye on the banking biz. Is it leveraging stock purchases? Such could be very dangerous. I don't think anybody is watching.

  • 2 bits Cottonwood Heights, UT
    Jan. 11, 2018 2:56 p.m.

    @Open Minded Mormon - Everett, WA 11:41 a.m.
    I'm not a Trump lover. But I am a truth lover. And you are not telling the truth.

    RE: "Trump is at 32% approval (false), -- lowest ever! (false)"...
    ---
    Truth:
    -Trump's latest approval rating (Gallup) for January 2-7, 2018 is 37% (not 32%)
    -And its not the lowest ever.
    Carters was 28% (06/26/79, 10/02/79). Much lower than Trump's approval rating
    Truman's approval rating was 22% (11/16/51 and 02/14/52)
    Clinton's approval rating was 37% (06/06/93)
    Obama's approval rating was 38% (09/05/14)
    Reagan's lowest was 35% (01/31/83) (lower than Trump today)

    So no.. it's actually not the lowest ever. Get educated.

    Google "United States presidential approval rating - Wikipedia"

    Don't repeat what you hear on MSNBC talk shows. Verify it yourself first.

  • pragmatistferlife Salt Lake City, UT
    Jan. 11, 2018 2:55 p.m.

    2bits..""Wal-Mart hikes minimum wage to $11 for hourly workers.

    Wages going up is almost always a good thing (it can be inflationary but not now).

    The trend for higher wages started in 2015 when a number of states and cities raised minimum wages and 13 major companies (WalMart, McDonalds, Ikea, Target etc.) all raised their minimum salaries. Overall wage increases started to go up in 2015 back to a 2.5% range.

    It's great the trend continues (and I did hear it on MSNBC and CNBC) . Bonuses nice, not overly impressive but nice.

    The key to your diatribe about the poor and wages is "earned". It's a pretty hard convince that the CEO of Aetna has earned his 42 million dollar paycheck when he raised his workers salary to $11 an hour.

    Yes the creation of a plutocracy in America is a national emergency. Democracies do not survive when 1% of the population hold 38% of the private wealth and that is more than 90% of the population.

    You all are perpetuating your own downfall. Every other democracy in history has accounted for this in one way or another, except America, and we're going the opposite direction.

  • GaryO Virginia Beach, VA
    Jan. 11, 2018 2:07 p.m.

    Hey Thid Barker -

    Re: "The only threat to our economy is Obama's legacy of running up more debt than all other presidents combined! "

    Ha!

    That's completely FALSE.

    You tell lies EVERY day.

    Keep it up, and the Republicans will nominate you for POTUS.

  • patriot Cedar Hills, UT
    Jan. 11, 2018 1:14 p.m.

    I remember in 2016 Samuelson boo-hooing Trump all the way to the election. According to Samuelson Trump had no chance. Samuelson is as establishment DC as they come and still can't get his head around the Tea Party let alone conservative Americans. Every measurable part of the US economy has blossomed under Trump in just one years time. The stagnant dead Obama economy has been brought back to life. Incredible all this in just one years time. Our standing the world has also been brought back to being the leader rather than a confused follower as it was with Obama. So taking all of this we still have the never-Trump crowd (Samuelson) boo-hooing Trump and conservatives as he did all the way through 2016. I guess my take on Samuelson -- who cares what you think. You were wrong in 2016 and you are clueless still.

  • Daedalus, Stephen ARVADA, CO
    Jan. 11, 2018 12:15 p.m.

    The GOP-controlled Congress will extend Trump's temporary use of the Oval Office on a month-to-month basis, so long as the GDP and monthly job creation remain above 2% and 100,000, respectively.

    Republican officials no longer fear Trump's "populist" movement. Trump has steadily shed his prior supporters, and he repulses rather than attracts new supporters. Thus the downside political risks for the GOP impeaching Trump..

    Meanwhile, Republican leaders are realizing there is little upside in continuing to enable Trump. Like Dr. Frankenstein, the GOP created a monster they could not control. But they went all-in, wagering their individual integrity in the hopes of running the table in 2017. The prize? Putting into law a long wish-list of conservative policies they accumulated over the past 20-30 years.

    The GOP lost. Badly.

    Handed this once-in-a-generation opportunity and having wagered their personal reputations , the GOP left the table largely empty handed and with their once-certain political careers in jeopardy.

    If the economy stalls, Republicans will throw Trump to the wolves, in the hopes of saving themselves and the party.

  • silo Sandy, UT
    Jan. 11, 2018 12:00 p.m.

    @thid
    "Obama's legacy of running up more debt than all other presidents combined!"

    Cite which of Obama's policies 'ran up more debt than all other presidents combined". Cite how much each of those policies contributed to the overall.

    You seem confident in you claim, so I'm sure you already have this data available.

  • FT salt lake city, UT
    Jan. 11, 2018 11:53 a.m.

    @antitrump
    "Trump has been, and always will be nothing more than a carnival barker..."
    Not completely true. He has and always will be admitted fraud, adulter, and a liar. Also, it is quite possible a felon depending upon what the Muellar investigation discovers.

  • Open Minded Mormon Everett, WA
    Jan. 11, 2018 11:41 a.m.

    Trump says --

    Look at me!
    Best economy ever!
    WallStreet Highest ever!
    Lowest unemployment ever!
    Lowest illegal immigration ever!

    Americans say --
    our wages are going up,
    our livelihood are not going up,
    Trump is at 32% approval,
    -- lowest ever!

  • t702 Las Vegas, NV
    Jan. 11, 2018 11:37 a.m.

    The anti Trump CNBC reported that Walmart, the biggest retailer in the world has raised their minimum wage to $11 plus bonuses will be paid to their employees as a result of the tax cut bill. What a great news to over 2 million Walmart workers! Only the liberals won't be happy about this great news.

    Why would anyone vote for the dems that will leave you with much less money in your pocket?

  • skeptic Phoenix, AZ
    Jan. 11, 2018 11:30 a.m.

    Trump and administration are a mindless wrecking crew, they are not engineers that are going to construct anything of value. They will make themselves rich at the expense of the nation recycling what they rip away from America to make themselves rich and great the same as the robber barons of the past. Trump is like an annoying persistent head ache that over time becomes the normal and acceptable. Soon he will be as common as apple pie, and America will forget the time it was great, and worship Trump as a staple genius. Heaven help us.

  • Bob A. Bohey Marlborough, MA
    Jan. 11, 2018 11:30 a.m.

    Thid Barker - Victor, ID Jan. 11, 2018 10:43 a.m. Wrote: The only threat to our economy is Obama's legacy of running up more debt than all other presidents combined.
    And the 1 trillion and counting that will be added to the defict caused by Trump and the republicans so called tax overhaul plan? Reality please!

  • Bob A. Bohey Marlborough, MA
    Jan. 11, 2018 11:25 a.m.

    My original post should have read as follows:
    IMVHO, becuase of his and the republicans dismal performance since he was elected there's nothing that can render Trump a second term. The nation is so energized to be rid of the element that is destroying this country that the repub's will take a beating in the mid-terms and
    Trump will be a one term president.

  • 2 bits Cottonwood Heights, UT
    Jan. 11, 2018 11:23 a.m.

    @kolob1 - Sandy, UT 9:24 a.m.
    RE: "I did not read one word about wages. I saw the word wealth and income but this reference belongs to those who are thriving off the increased stock values. There will never be a successful economy for now or for the future unless wages go up. Period, end of discussion"...
    ---

    You may have to sign up for some news source like MarketWatch. MSNBC will never give you good news about the economy when there is a Republican President. You will be in the dark.

    According to MarketWatch, wages are going up. Even at places like Walmart.

    I saw this today...
    "Wal-Mart hikes minimum wage to $11 for hourly workers, expands maternity leave
    01/11/2018 08:30:41 AM"... (read the article)

    That is an increase.

    ===

    RE: "Push for better dispersion of the national wealth"...
    ---
    How do you propose the nations wealth be dispersed? By the Government?

    There's usually a reason the poor are poor. They don't work as hard, or bring in as much business as people who earn more.

    You can say the poor deserve that wealth more than the people who earned it... but they really don't.

    Wages are higher. Get educated.

  • Anti-Trump Everett, WA
    Jan. 11, 2018 11:15 a.m.

    Trump has been, and always will be nothing more than a carnival barker...

  • Frank Montoya Jr Providence, UT
    Jan. 11, 2018 10:47 a.m.

    If a stronger economy were "fabulous news," Trump's approval ratings wouldn't still range in the mid to high 30s. What that tells me--in spite of the all the hoopla--is that it isn't "the economy, stupid." It's the man. His boorish, contradictory (today's tweets on the 702 reauthorization, case in point), defensive, childish, inane, duplicitous, shameful, retaliatory, repugnant, disreputable, demeaning, agenda-killing unpresidential behavior is what will continue to turn the electorate against him.

    His election was a classic case of right message, wrong messenger.

  • Thid Barker Victor, ID
    Jan. 11, 2018 10:43 a.m.

    The only threat to our economy is Obama's legacy of running up more debt than all other presidents combined! Obama made China our banker! President Trump MUST change that because we simply can not continue as we had for the previous 8 years! That's why we elected President Trump!

  • GaryO Virginia Beach, VA
    Jan. 11, 2018 10:37 a.m.

    Hey 2 bits -

    Re: "The stock market was artificially stimulated with "stimulus packages" during the Obama years. And it's over-priced (to value) today?"

    Ha!

    Obama's stimulus package, The American Recovery and Reinvestment Act of 2009, succeeded in saving America from catastrophe. The following year, Obama kept the Bush tax cuts in place through the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to help Americans out in a time of need.

    The stock market continued climbing steadily, and we NEVER entered a period of recession.

    And then Trump took over . . . And the stock market began climbing even faster.

    Acceleration in the growth of the stock market precedes crashes. Ever heard of the Great Depression, which occurred when the noted Republican businessman, Herbert Hoover, occupied the oval office? . . . And the Great Recession, occurring when the GOP genius GW Bush was in charge?

    EVERY recession in the last 30 began while a Republican was in the White House.

    The best we can hope for is that the inevitable Trump recession isn't as devastating as the last Republican-caused economic downturn.

  • one vote Salt Lake City, UT
    Jan. 11, 2018 10:25 a.m.

    The economy likes a leaderless government, until the bubble bursts.

  • Hutterite American Fork, UT
    Jan. 11, 2018 10:11 a.m.

    Trump may not get credit for the stock market growth in 2017, but if it adjusts and gets back to reality in 2018 I guarantee he will be blamed for that. And he should be, since he's not asking to be given credit for it. He's claiming it.
    The next plane crash is his fault, too, since he's claimed success to be his when there aren't any.

  • 2 bits Cottonwood Heights, UT
    Jan. 11, 2018 9:32 a.m.

    The stock market was artificially stimulated with "stimulus packages" during the Obama years. And it's over-priced (to value) today.

    Trump may not get credit for the stock market growth in 2017, but if it adjusts and gets back to reality in 2018 I guarantee he will be blamed for that.

  • kolob1 Sandy, UT
    Jan. 11, 2018 9:24 a.m.

    I did not read one word about wages. I saw the word wealth and income but this reference belongs to those who are thriving off the increased stock values. There will never be a successful economy for now or for the future unless wages go up. Period, end of discussion. This does not mean high priced salaries for the 1%ers who are having a pig feast over their tax windfall. When the stock prices go up pricing on everyday consumer products rise. Most consumers don't own stocks. The 1040 wage earners are now paying (by higher consumer prices) for the soon to be bubble of the stock market. The stock market is on a feeding frenzy, coupled with the massive cash given to the Corporations as a result of the Tax Scam of 2017. Corporations will rebuy their stocks futher driving out the everday stock buyer. Wages have to rise and with the diminuation of the Labor Unions there is no one on the political front willing to make that point or the push for better dispersion of the national wealth.

  • t702 Las Vegas, NV
    Jan. 11, 2018 9:16 a.m.

    My retirement portfolios gained 16% in 2017 compared to 3 to 4% during Obama years. At this rate I'll have enough to retire comfortably 5 years earlier than planned, how cool is that? Relaxing the job killing regulations under Obama was critical to the economic booming we have plus the recent tax cut... the sky is the limit! Who in his/her right mind wants to go back to the economy on life support?

    Hope the never Trumper's liberals would keep their 4% and cut out the excess 10+% to their beloved federal government

  • Bob A. Bohey Marlborough, MA
    Jan. 11, 2018 9:11 a.m.

    IMVHO, becuase of his and the republicans dismal performance since he was elected there's nothing that can render Trump a second term. The nation is so energized to be rid of the element that is destroying this country that the repub's will take a beating in the mid-terms and

  • pragmatistferlife Salt Lake City, UT
    Jan. 11, 2018 9:01 a.m.

    Thid. "Our booming economy is because of President Trump"

    Thid what was Black unemployment in 2013 and what was it in Jan. 2017? Jan. 2018?

    What was the stock market in July '09 and what was it in Jan. 2017? Jan. 2018?

    What was unemployment rate in Jan. 2010 and what was it in Jan. 2017? Jan. 2018

    Why did job growth go down in 2018 from 2017?

    Double GDP growth? I want some of what you're drinking. First three quarter average 2.7 for 2017. Two quarters of 3.2 or so..Obama had 8 quarters of plus 3% growth.

    This is why you all have no credibility. Dream about 4 to 5 per cent GDP growth if you will, job growth that finally catches up to the Obama years, and a 30,000 Dow...but don't lie about the past or discount it. It's facts.

  • Thid Barker Victor, ID
    Jan. 11, 2018 8:42 a.m.

    @bass679: This is Obama's economy? Good luck trying to sell that one! If the economy had turned south after the election of President Trump, like so many on the left predicted, would you blame Obama? And the booming economy didn't happen by magic! It happened because of correct leadership and correct economic policies replacing Obama's failures! Now stand back and watch our economy become the envy or the world and by 2020 federal deficits will be in the black! America is in business, again!

  • bass679 Novi, MI
    Jan. 11, 2018 7:35 a.m.

    @Thid Barker
    Does that mean the booming economy before Mr. Trump's election was due to Mr. Obama?

    Or did it magically become due to Mr. Trump when he was inaugurated?

  • Utah Girl Chronicles Eagle Mountain, UT
    Jan. 11, 2018 7:30 a.m.

    @ worf

    "It's not about Trump! It's about the country."

    You should get your hero on speed dial this morning and remind him of this. Report back to us, OK?

  • 10CC Bountiful, UT
    Jan. 11, 2018 7:04 a.m.

    Trump supporters denigrated the low unemployment rates Obama achieved, pointing to a high rate of "underemployment".

    "The stats aren't even counting those who've given up trying to find a job!"

    Now under Trump, are the economic stats more truthful? Was there an overhaul in how the unemployment rate is calculated? Will Trump take us to a -20% unemployment rate? Or announce the "real" unemployment rate as being 21%?

    (The coal miners are still waiting for their jobs to come back.)

    The underlying softness in the jobs market hasn't gone away. Uber drivers with masters degrees are still scraping by.

    Economic *inequality* is the new measure of significance, as the stock market bubble does nothing for the common man, and actually endangers the meager economic status of many.

  • mohokat Ogden, UT
    Jan. 11, 2018 6:44 a.m.

    I am laughing hysterically. Obamas Economy? That is one of the funniest things I have read. Obamas Economy ya right

  • Thid Barker Victor, ID
    Jan. 11, 2018 6:31 a.m.

    The title of this article is "will the economy save President Trump"! The real question is, will President Trump's successes destroy the Democrat's chances in the midterms and 2020? Let's look at the facts: African America unemployment is now the lowest in history! Thousands of employees of dozens of companies are getting tax relief bonuses from their employers! The percent GDP growth is more than double what it was under the previous occupant of the WH. Over two million new jobs have been created in the last year! Consumer confidence is at a two decade high, and look at the DOW! Our economy is becoming the envy of the world! All this spells disaster for the Democrats! That's why they are becoming irrational and silly! President Trump is in NO danger of Mueller or any other phony "investigation"! God bless President Trump and God bless America!

  • Thid Barker Victor, ID
    Jan. 11, 2018 6:00 a.m.

    Our booming economy is because of President Trump and the liberals are livid! The best President in my life time!

  • bass679 Novi, MI
    Jan. 11, 2018 5:57 a.m.

    It's also worth noting that the recently passed tax bill doesn't stop providing the tax cuts to middle class Americans until 2019 and many people won't see their tax hike until the mid 2020's. Essentially it was designed specifically to look good until election time and then ramp up taxes on the poor and middle class folks.

  • Zabilde Riverdale, UT
    Jan. 11, 2018 5:38 a.m.

    The economy is doing fine, The only bubble in sight is the Bitcoin bubble that has already burst.

    With the Tax cuts the economy is going to boom even further. More money in every tax payer's pockets means more ability to spend which boosts the economy, further with the corp tax cuts, companies are going to be more willing to expand or increase wages or even cut prices on some items. Further the impetus to take a company or it's money overseas was just substantially reduced. In addition to the tax cuts, many expensive regulations have also been removed cutting the costs of doing business.

    The left cannot admit it but the economy is booming, the Unemployment rate is so low that employers are already having a hard time filling positions which will push wages up as that is how companies compete for workers.

    Meanwhile the usual leftists repeat their false accusations of treason for unproven allegations of something that is not a crime, let alone treason. At this rate Trump 2020 is looking great.

  • worf McAllen, TX
    Jan. 10, 2018 11:38 p.m.

    It's not about Trump!

    It's about the country.

    Sad, but many folks will support politicians who would deny the birth to millions of babies.

    Politicians who would take from some to give another. This kind of theft has belittled the character and pride of the American people. A society of beggars and whiners.

    This is a couple ways to measure the character of our political leadership.

  • LOU Montana Pueblo, CO
    Jan. 10, 2018 10:59 p.m.

    NOPE!

    Trump has destroyed TRUMP!

    Oprah for President of the United States of America!

    Can you imagine Putin's face when he has to negotiate with her? LOL!

  • Impartial7 DRAPER, UT
    Jan. 10, 2018 9:31 p.m.

    The economy won't save Trump from treason, collusion, perjury or obstruction. Besides, It's Obama's economy. Trump has a pattern of claiming the accomplishments of others and denying his own failures.

  • Utah Girl Chronicles Eagle Mountain, UT
    Jan. 10, 2018 9:11 p.m.

    Too many low-level Trump staffers have testified under penalty of perjury before Mueller and his investigative team. This doesn't even include Trump's personal secretary or Hope Hicks. These people risk losing not only their professional reputations and future employment, they risk jail if they lie under oath.

    Lying only complicates matters and the legal costs are enormous. Most of these people are not wealthy. They aren't going to play Trump's game -- they're going to tell the truth. That combined testimony will be devastating for Trump.

    No matter how strong the economy is humming, this investigation will continue throughout 2018. Each day the picture becomes more clear. The mid-terms will be a referendum on Trump corruption, Trump fitfulness, Trump lack of ideology, Trump cowardice, and Trump obstruction.

    The results aren't going to be pretty.