Trump Seeks To Calm Markets

[okfine]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

Nah. You're reading too much into this. Between 50,000 and 70,000 people die from the flu every year. And yet life goes on.

Did they get paid for it?

 

[g5000]

Since when are Republicans in favor of payroll tax cuts??

Trump’s announcement on Monday of “dramatic” economic relief items was offered publicly before the administration had settled on details or coordinated with top Republicans, according to a White House official and two congressional Republican aides briefed on those talks.

Trump’s looming challenge begins with Senate Majority Leader Mitch McConnell (R-Ky.), who has privately told several allies in recent days that he personally opposes the payroll tax cut idea Trump has endorsed, according to two veteran Republicans briefed on the discussions who were not authorized to speak publicly.

https://www.washingtonpost.com/us-policy/2020/03/10/trump-coronavirus-tax-cuts-congress/

 

[edward37]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

El-Erian: Stock market bottom is not in yet, despite the bounce after Monday's historic decline

• The stock market has not reached its bottom yet, even as Wall Street headed higher Tuesday after historic declines, economist Mohamed El-Erian told CNBC.
• “It’s going to be very volatile but around, unfortunately, a downward trend for now,” the chief economic advisor at Allianz said Tuesday.

• El-Erian has for weeks warned investors against buying market dips as they’ve been conditioned to do over recent years because it’s worked.

.

Been listening to him for years One smart dude

 

[Ray From Cleveland]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

El-Erian: Stock market bottom is not in yet, despite the bounce after Monday's historic decline

• The stock market has not reached its bottom yet, even as Wall Street headed higher Tuesday after historic declines, economist Mohamed El-Erian told CNBC.
• “It’s going to be very volatile but around, unfortunately, a downward trend for now,” the chief economic advisor at Allianz said Tuesday.

• El-Erian has for weeks warned investors against buying market dips as they’ve been conditioned to do over recent years because it’s worked.

.

Given the fact that CNBC is one of the many stations hoping to see Trump lose next election, I'll take this with a grain of salt.

 

[Fort Fun Indiana]

Between 50,000 and 70,000 people die from the flu every year. And yet life goes on.

It doesn't bode well for our country in this crisis when 30 million trumpsters are this stupid.

 

[edward37]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

El-Erian: Stock market bottom is not in yet, despite the bounce after Monday's historic decline

• The stock market has not reached its bottom yet, even as Wall Street headed higher Tuesday after historic declines, economist Mohamed El-Erian told CNBC.
• “It’s going to be very volatile but around, unfortunately, a downward trend for now,” the chief economic advisor at Allianz said Tuesday.

• El-Erian has for weeks warned investors against buying market dips as they’ve been conditioned to do over recent years because it’s worked.

.

Given the fact that CNBC is one of the many stations hoping to see Trump lose next election, I'll take this with a grain of salt.

Now if you said MSNBC you'd be right BUT CNBC has more con men than dems

 

[Ray From Cleveland]

I suspect the stock market will react positively to this development. I hope so.

From +950 to -150 to 162 up at 11:50....crazy markets Some one just said BUY when theres' blood in the streets,,,,,even if it's yours

That's the attitude of investors. It's like the old saying of financial success, buy low--sell high. People are anxious as hell to get back into the game. This is a good thing.

El-Erian: Stock market bottom is not in yet, despite the bounce after Monday's historic decline

• The stock market has not reached its bottom yet, even as Wall Street headed higher Tuesday after historic declines, economist Mohamed El-Erian told CNBC.
• “It’s going to be very volatile but around, unfortunately, a downward trend for now,” the chief economic advisor at Allianz said Tuesday.

• El-Erian has for weeks warned investors against buying market dips as they’ve been conditioned to do over recent years because it’s worked.

.

Given the fact that CNBC is one of the many stations hoping to see Trump lose next election, I'll take this with a grain of salt.

Now if you said MSNBC you'd be right BUT CNBC has more con men than dems

Not really, it's six of one and half-dozen of the other. No real difference. Outside of Fox, they are all extensions of the Democrat party and of course, want to see our economy tank if it means that would finish off President Trump.

 

[colfax_m]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

We aren’t in a recession. Seems a little premature to me.

 

[rightwinger]

Trump is spouting lies to try to calm the markets.

Nobody is buying it.

 

[colfax_m]

Trump is spouting lies to try to calm the markets.

Nobody is buying it.

He’s promised a lot more tax cuts than he’s delivered.

 

[Ray From Cleveland]

Trump is spouting lies to try to calm the markets.

Nobody is buying it.

What lies are you talking about? I think it's the Presidents job to try and calm the public. The media is sensationalizing this problem like I've never seen since AIDS.

 

[Fort Fun Indiana]

What lies are you talking about? I think it's the Presidents job to try and calm the public.

Not by telling them lies that increase the danger to them.

 

[Claudette]

The market goes up and the market goes down. How many times on this board have you dumb asses talked about how the market has tanked yet in a week its right back up again??

You really need to find something else to bitch about the tanking market is getting old and stale.

What a pack of whiny dumbasses.

 

[g5000]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

We aren’t in a recession. Seems a little premature to me.

We are heavily tilting toward a recession. Europe is probably already in one, they just don't know it yet.

And if oil stays below $50, Russia will be in a recession if they aren't already.

China's PMI for February was 35.7. That's a real shit show.

And the Dow has lost about 18 percent from its high. Some of the other markets have been dipping in and out of bear territory. The Dow was within 50 points of bear territory this morning.

So don't be whistling past the graveyard. It is best to be prepared.

 

[colfax_m]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

We aren’t in a recession. Seems a little premature to me.

We are heavily tilting toward a recession. Europe is probably already in one, they just don't know it yet.

And if oil stays below $50, Russia will be in a recession if they aren't already.

China's PMI for February was 35.7. That's a real shit show.

And the Dow has lost about 18 percent from its high. Some of the other markets have been dipping in and out of bear territory. The Dow was within 50 points of bear territory this morning.

So don't be whistling past the graveyard. It is best to be prepared.

Are we? The stock market isn’t the economy. It’s a casino.

 

[g5000]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

We aren’t in a recession. Seems a little premature to me.

We are heavily tilting toward a recession. Europe is probably already in one, they just don't know it yet.

And if oil stays below $50, Russia will be in a recession if they aren't already.

China's PMI for February was 35.7. That's a real shit show.

And the Dow has lost about 18 percent from its high. Some of the other markets have been dipping in and out of bear territory. The Dow was within 50 points of bear territory this morning.

So don't be whistling past the graveyard. It is best to be prepared.

Are we? The stock market isn’t the economy. It’s a casino.

 

[OldLady]

After the 11th worst day in the history of the stock market, Trump was forced to take the stage yet again to attempt to calm the markets.

The plan has several elements. First, a payroll tax cut. Second, some kind of unspecified relief for businesses. And finally, some kind of relief for people who can't take time off from work if they come down with the bug because they live from paycheck to paycheck. Absolutely no details were given for what that third action item will be.

Of course, all of these plans are very big, huge, wonderful, terrific, and the best anyone has ever seen...

So, if you have to stay home because you *cough* might have *cough* the coronavirus *achoo!*, excuse me, and will get paid for it, that is not going to be *cough hack cough* wide open to fraud and abuse or anything...

Trump floats payroll tax cut, other financial relief amid coronavirus outbreak

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

Places are considering closing to KEEP people from getting sick, too. If the government reimbursed the employers for workers who had to stay out of work (can't the government check their recent paycheck / lack thereof? Isn't that what social security records are for?) how would that invite a lot of fraud and abuse? Are you saying that all kinds of employers would work around it and fleece the government by filing false claims?

I think he's saying that people will call in sick when they aren't and be reimbursed where normally they wouldn't. I don't think that's entirely invalid however if you are seeking medical attention then there is proof of using medical leave/sick days.

Other than this I think Trump's ideas suck. Payroll tax cuts aren't going to spur spending when people are sitting in their homes and they do nothing for anyone who becomes unemployed during this crisis.

At least that's my 2 cents which isn't worth much.

It should only be in effect for people who are quarantined. Either because they are sick (with a doctor's note that they are positive) or their business has shut down for quarantine purposes.

 

[Natural Citizen]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

 

[colfax_m]

It's irrelevant what Trump does, or wants to do, or doesn't do. The leftists will find fault with it.

In 2010, Obama cut payroll taxes by 2 percent to help recover from the recession. So the Left can't attack Trump for doing the same.

I wonder how the Right will twist their minds into accepting a government bailout of the corporate world...

It's the third plan which has me the most curious. How can you support people who have to stay home without being wide open to waste, fraud, and abuse?

There would have to be some kind of required proof. A positive coronavirus test result from your doctor or something.

So Trump better get those tests out there STAT.

We aren’t in a recession. Seems a little premature to me.

We are heavily tilting toward a recession. Europe is probably already in one, they just don't know it yet.

And if oil stays below $50, Russia will be in a recession if they aren't already.

China's PMI for February was 35.7. That's a real shit show.

And the Dow has lost about 18 percent from its high. Some of the other markets have been dipping in and out of bear territory. The Dow was within 50 points of bear territory this morning.

So don't be whistling past the graveyard. It is best to be prepared.

Are we? The stock market isn’t the economy. It’s a casino.

You said things about a lot of other economies which are not us. We aren’t a petrol state like Russia. We haven’t been affected in the way China has.

I think it’s premature to declare a recession just because the stock market dropped.

 

[colfax_m]

The stock market isn’t the economy. It’s a casino.

Pretty much.

I've never understood the connection people make with the stock market and the economy. It's baffling to me. The stock market doesn't in any way reflect the actual economy. The stock market is completely counterfeit.

I wouldn’t go that far. The stock market isn’t completely unrelated to the economy but it is prone to skittish behavior like we are seeing. Just because the market tanks does not necessarily mean we are in recession.