"President Trump is presiding over an economy that is soaring; according to the Congressional Budget Office’s budget and economic outlook, real Gross Domestic Product will grow by 3.3% from the fourth quarter of 2017 to the fourth quarter of 2018. That would be the highest level of growth in 15 years."
Yes we know the economy under President Trump is doing well. There was no question it would as soon as we knew he was elected, and it's only going to get better.
But liberals and other assorted America haters are terrified for what else winning may bring. Can you imagine if we end up with a new trade deal with China that would obviously greatly benefit this country? Can you imagine if we end up with a new NAFTA that would greatly benefit this country over the old deal? Can you imagine if we end up with a new TPP that would greatly benefit this country over the old deal? Can you imagine if we end up with a more peaceful situation in Korea than we have ever had in modern times with NK completely de-nuclearized? This is far from done of course, but THIS is what President Trump is working on. Something past presidents since Reagan were unable to even comprehend. It won't all get done, but many great things coming from this administration in the next 7 years. Thank you President Trump!
Yes, a projection. We shall see! I'll be the first to admit the CBO is a poor indicator of what will come, but more neutral than the many sites that show it rosy as of right now. Many of them also project things to only get better. Deals to come will have much to do with that. Now meanwhile liberals will pray (if they had a God to pray to) that President Trump does not accomplish positives with NK or with economic deals benefiting the USA!
From the summary Real GDP (that is, GDP adjusted to remove the effects of inflation) and real potential GDP are now projected to be greater throughout the coming decade than projected last June, in part because of the significant recent changes in fiscal policy. Also, interest rates are projected to be higher and the unemployment rate lower in the next few years than CBO projected previously. Even if federal laws did generally remain in place, budgetary and economic outcomes would be difficult to predict and thus uncertain. CBO’s projections, especially its economic projections, are even more uncertain than usual this year, because they incorporate estimates of the economic effects of the recent changes in fiscal policy— and those estimates are themselves uncertain. CBO aims to formulate projections that fall in the middle of the distribution of possible outcomes.
Paul Zeidan once again proves he's both a liar and a moron. Slick WIlly did not balance the budget. Newt Gingrich and a conservative charge did. Shrub with a weak 2nd term handed it over to Reid and Pelosi. OBOZO the America hating race pimp ran the country into the ground and added how much debt compared to all the other presidents combined? President Trump has a lot of work to do after 12 years of liberalism and more so the 8 years of tragedy that was OBOZO the America hating race pimp but he's leading the charge with great results! Thank you President Trump!!
According to Moody’s: the Trump Economy is actually a deficit of a trillion & going up thx to the tax scam 83% going to the rich & corps.When deficits are this large expect higher inflation,rising rates,larger trade deficits, slower growth,benefits cuts.Going to get worse before it gets better. Moody’s Just made this call. I’d believe them.
We have not seen our high for gas prices this year, although I do not believe we will see the $100 oil some are talking about. I expect oil to fluctuate between where we are right now and 80, a pretty stable year. Nat gas prices could stand to rise, and sooner than later they will. The stock market over time will do just fine, the worry there the blue sky that has existed for some time now. This is not what the liberals are frantic about. They are afraid that Trump will make gains with China, in Korea, with Iran, with economic agreements like TPP and NAFTA. He is already in the process of creating an environment where business and capitalism can thrive, prosper and grow. Liberals can't afford anymore winning! Not with elections coming!
I do projections all the time and you have to constantly update them as new data becomes available. I don't think any of us is surprised that the tax cuts stimulated the economy and I don't think anyone is surprised that the enormous spending added to the deficit. Hopefully we will get spending under control by next year and try to get a balanced budget. The waste on the Fed, State and local level is just staggering and so is the fraud.
Rand Paul has introduced a bill that has been talked about for a decade. A bill that would eliminate the deficit in less than a decade, actually about half that time. Congress as a whole has no interest in it. The fix has always been at hand.
But an indirect point to this thread is to point out how scared the stinking left is of President Trump. What they’re scared of is that he will succeed at economic prosperity for this country, better deals with NAFTA and TPP, better trade deals with China and others, and God forbid a deal to denuclearize North Korea. Liberals have no interest in strength and prosperity for this country, but what they’re really afraid of is President Trump achieving it. Count on it!
The economy was steadily improving under Obama. Fact.
TPP is actual leverage to be used in negotiating w China.
Know why Iran has stopped nuclear progress? The Iran Deal works!
And if you believe NK will denuclearize; i have some oceanfront property in Phoenix to sell you.
Trump has made over 2500 misleading claims/lies since taking office. If that doesn’t upset you, you have no right to call anyone out on lies.
I’ve disagreed w many presidents. Obama included. But past presidents honored their role and the position of POTUS. Trump has attempted to discredit the courts, the law enforcement and intelligence agencies , Congress and the DOJ. Basically discrediting anyone that can provide a check on his power. His claim to want to ‘drain the swamp? Between Pruitt, Carson, Zinke , Ronny Jackson and now Mulvaney, he’s put together the most corrupt administration in recent history. I can’t excuse that and look away. I love America too much to ignore what he’s doing to our nation. Just look how he’s dividing this nation. He’s got the lowest approval rating, he’s governing to his base and nothing more.
Speaking of his base: How many promises has he broken. The wall paid for by Mexico? Nope Better Healthcare for everyone? Nope Draining the swamp? Nope. Bringing coal jobs back? Nope. He promised no more State Dinners. He had one last night. He promised to reduce the debt. It’ll top 21 Trillion for the first time EVER. He promised to show his taxes. Nope. He promised to produce Obama’s birth certificate and proof he’s Kenyan. Nope. He promised to pulllour troops out of the MidEast. Nope. He claims he’s a deal maker but count how many people he’s stiffed or conned.
Sorry. I have a hard time seeing this guy as anything other than a liar and conman. I’m sorry you idolize someone who cheats on his wives, donated to The Clintons and took money from a Soros but Hs somehow become the hero of conservatives. That’s something only you guys can explain.
Paul Zeidan really believes his own lies and blither blather. The last step to insanity!
Your last sentence perfectly described Slick Willy, and of course they donated to themselves through donations all the time!
OBOZO drove our economy into the ground and created a hostile environment for business. OBOZOCARE was his biggest lie and blight of all. OBOZO’s deal with Iran insured they WOULD have nuclear arms. Obama the America hating race pimp sold out this nations sovereignty at every chance. Treason is Obama’s only legacy.
you’re being intellectually dishonest. Was the economy better in 2008 or when Obama left office? Every single rational human knows the answer to that question. If you choose not to except it, that’s on you. But it’s not factually correct.
I think there's a fair bit of intellectual dishonesty from both side of this discussion.
First, Obama inherited the worst recession since the Great Depression, so there was no where to go but up. He also borrowed and spent $800 billion to stimulate the economy, which only added to the national debt.
Trump inherited a relatively strong and growing economy. The first 9 months of his administration operated under Obama's budget and fiscal policy, which happened to be a period of some of the strongest growth we've seen. Currently there is only 7 months under Trump's budget and policies, so I believe it's premature to celebrate.
According to most projections, Trump's budget and fiscal policy will add to the national debt at a comparable pace as Obama's did. Whether or not his other economic policies generate enough revenues to offset his deficit spending is yet to be determined.
I, for one, hope Trump knocks it out of the ballpark economically. 7 more years like the last few we've had would make my retirement very comfortable financially. It would also temper my dislike for Trump's personality and character flaws.
There is 2 choices that Trump will have to decide on with this fiat currency + debt that has not been dealt with Bush or Obama (Obama really tip our financial problem of $9 Trillion extra debt from unrestrained spending). Trump will either reset the dollar back to the Gold Standard or declare a Jubilee (PZ will not understand this one as a Atheist) and will cause some short term problems but will stabilize the long term along with common since spending. Our National Debt is the #1 threat to this country that anyone but a Progressive Dem would understand, Econ 101 would explain this one.
If our national debt is such a problem, why doesn’t trump agree? Because that bad boy is about to explode. And we haven’t even begun to talk about his trillion dollar infrastructure program. Any idea where that money is coming from?
I can't agree with you, GG. Sure, if you print enough unfunded dollars and flood the economy with them, then we'll see some temporary stabilization in certain areas. But let's tell the whole truth.
The Obama Admin invested in the wrong areas consistently. That's historical fact that's been hashed over here umpteen times already. Furthermore, they literally threw away (in the garbage) VAST amounts of that money they were allotted on longshot investments that ran dry over time. Many made his friends quick bucks, while some were as stupid as secretly sending pallets of dollars to Iranian Mullahs.
Yes, Trump has the advantage of seeing those mistakes and has monopolized on those errors. That is special, but goes unacknowledged by leftists. It'd be really nice if we had an honest Press, so everyone would see & learn from these actions. But that ain't happening.
So keep praising Obama for being handed off a bad economy that was purposely staged to reign in a Dem president in the 2008 election by the Pelosi/Reid congress of that era (at such a great cost to our REAL citizens that bore the losses). And I won't complain if you blame Bush for kicking back and letting it all happen before his very eyes. Not a bit....
This topic covers far more ground, but if you lefties can't see where I'm coming from by now, I ain't wasting more bandwidth tryin' to explain it...
I fail to see where I "praised" Obama. I stated a fact the he inherited a bad economy. I also acknowledged he borrowed and spent $800 billion on what amounted to just more debt. That's not praise in my book.
I also stated the fact that Trump inherited a relatively strong and growing economy, and that the first 9 months of his administration, under Obama's budget and policies, was some of the strongest growth we've seen. You can decide who should take credit for that.
I don't buy your theory that Congress "staged" a economic crash to influence the election. They simply don't have that power, and it's ultimately counter productive for everyone, anyway.
I do agree, we've only scratched the surface of this discussion. But I won't hold my breath waiting for more in-depth conversation.
Where did Obama's $800 billion Shovel Ready, didn't see a pothole fix here except unions payoffs and speaking of payoff there was a $10 Billion forgiveness to GMC bailout. Obama did change America and not for the good, he did learn well from Rules For Radicals, Bill Aryers, Jeremiah Wright and the rest of the Progressives mentors. PZ, if you claim to be an educator go read up on Woodrow Wilson ( the first Progressive POTUS) and LBJ's Great Society that the Blacks are still enslave by (Chicago is a great Progressive example). What makes a great Socialist is being a Capitalist, Putin is doing great as long he isn't like his fellows Socialist. Been in the psychiatric business for over 34 yrs and I can say by observation that liberals are more predispose to psychiatric problems than I have seen in conservatives, reasoning is a major issue. Always thought when the group picture taken of the DNC House members look like a poster for increase psychiatric fund raising. :)
It would be either disingenuous or simply ignorant to give OBOZO credit for an economic cycle that was not of his making and in some cases, both.
Financials run in cycles, sometimes with little influence from administration in the short term. OBOZO created an environment that was hostile to business and growth through taxes and more so regulation. The economy when he took office had been on an obvious down cycle, and he was poised to guide a boon. Instead, he chopped its legs off. Overall, the real GDP growth rate for the Obama economy has been right at two percent–the worst economic recovery since World War II. How many years out of his 8 was the annual growth rate at 3% or better? Unprecedented for an American president and not in a good way. The average real GDP growth of recoveries rate prior to the Obama recovery was 4.3 percent. If the Obama recovery had been right in line with that 4.3 percent, the country would be well over 2 Trillion dollars richer today. Of course, OBOZO would have prompted Congress to spend that money on foreign bribes and social fluff anyway. Over 95 million out of work under OBOZO. A huge gap. Simple fact is the number of jobs created under the Obama economy did not keep up with the working age population. It went in the other direction. Both new business start ups and household income were down under OBOZO. No surprise there. Another thing that is of no surprise was the number of Americans on food stamps under OBOZO, increasing from 26.5 million in 2007 to 45.9 million by the end of 2016. The number of immigrants both legal and not legal using our welfare system tripled. Then there is the OBOZOCARE disaster. This country was poised for huge economic prosperity after a stark recession when OBOZO seized control, and he made sure that recovery was severely mitigated. Thankfully now we are in the process of ridding ourselves of nonsense regulation and regulation only designed to attack business. We are negotiating new economic deals that will favor the private sector and have created a tax environment that welcomes business and growth. All we can say is, thank you President Trump! 7 more years !
There are more employed under Trump, unemployment is at a 45 year low...There are more Blacks employed under Trump, there are more hispanics employed under Trump... I pay less taxes under Trump... the asinine Obiecare mandate is gone under Trump(still work needs done by congress) .... the economy confidence index is up under Trump... there is less federal regulations under Trump.....
investors.com ...."in any case, last year's result should make Trump's forecast for the future more credible. Not that they are wildly optimistic. In his budget last year, Trump pegged GDP growth in 2018 at just 2.7%, followed by 2.9% in 2019, and then 3% in 2020."
The Wall Street Journal described capital investment under Obama as "historically weak," citing the burdensome corporate tax rates and regulations as the reason for the weak amount of investment. This is an important metric since investment is one of the key forces behind economic growth.
"Overall, the real GDP growth rate for the Obama economy has been right at two percent–the worst economic recovery since World War II, according to the Congressional Research Service. There has not been a single year under Obama in which the annual growth rate has been at three percent, which is unprecedented for an American president." (from IBD)
Oh yeah, King OBOZO was the king of low growth. The king of high taxes. The king of nonsense and job killing regulations. The king of growing government and the king of bending over while selling out American sovereignty. With one year down nothing Trump has gotten implemented could have had a major affect yet, other than in confidence which has grown immensely for American business. Thankfully we have rid ourselves parasite OBOZO, with great years to come!
and your the king of bafflers arnt ya PutZ... the king of LIARS ... Trump has done more positives things for this country in the short time frame he's been in than Odipwad did in his full 8 years ... cant believe the empirical evidence 'cause your ignorant ...
By David Sherfinski - The Washington Times - Wednesday, May 31, 2017
"The Obama administration issued a record number of new regulations on its way out the door in 2016, leaving an administrative state that saps the economy of nearly $2 trillion a year, according to a new report being released Wednesday.
The government itself spent $63 billion in 2016 to administer and enforce all of its own regulations, the Competitive Enterprise Institute said.
With Republicans in Washington looking for reasons to streamline Washington and roll back President Barack Obama’s accomplishments, the new report is likely to be ammunition.
“The federal government’s reach extends far beyond its taxes, deficits, and borrowing. Federal environmental, safety and health, and economic regulations affect the economy by hundreds of billions — even trillions — of dollars annually,” Clyde Wayne Crews Jr. wrote in the CEI’s 2017 “Ten Thousand Commandments” report on federal regulations.
He counted 3,853 federal rules that were finalized in 2016 — the most for any year since 2005.
All told, during his time in office, Mr. Obama issued 685 “major” rules — generally defined as having an economic impact of at least $100 million — compared to 505 during President George W. Bush’s tenure, the CEI report said.
The page count for the Federal Register, which publishes regulations, topped 95,000 new pages in 2016, setting a record, the report said.
The Department of the Treasury led the way among executive branch agencies by accounting for 469 rules among agency priorities, followed by the Interior, Transportation and Commerce departments and the Environmental Protection Agency (EPA). Financial regulations and federal land use issues in the western part of the U.S. were two big battles during the Obama administration.
President Trump already has made regulatory reform a key part of his agenda. He ordered the dismantling of Mr. Obama’s Clean Power Plan, which was a push to regulate carbon emissions in the nation’s power plants, and teamed up with Congress to repeal about a dozen last-minute Obama-era regulations.
But the CEI report said Congress should also bear more responsibility for the “hidden tax” of regulatory costs, which it said gets passed on to consumers to the tune of $15,000 per household.
For example, rather than vote to create new job training programs — and accept the consequences of adding to the federal deficit — lawmakers can instead pass a law requiring major companies to provide job training under rules they delegate to the Labor Department, Mr. Crews wrote.
“The latter option would add little to federal spending but would still let Congress take credit for the program,” he wrote. “By regulating instead of spending, government can expand almost indefinitely without explicitly taxing anybody one extra penny.”
The growth of the so-called “administrative state” has become a major issue in conservative legal circles, with some scholars saying it’s time to push the federal courts to roll back regulatory power and force it back into the hands of Congress.
Newly installed Supreme Court Justice Neil M. Gorsuch drew praise from some conservative circles with his opinion in a case last year in which he said it may be time for the high court to show less deference to regulatory agencies’ decisions.
On Capitol Hill, Republicans are pushing another solution: fewer regulations all around.
In January the House passed the REINS Act, which would require Congress to vote on major rules before they can take effect. That legislation hasn’t gone anywhere in the Senate.
Congress has, however, used the Congressional Review Act (CRA) to overturn a dozen last-minute Obama-era regulations. Previously the tool had been used just once to overturn a Clinton-era rule.
Democrats have tried to throw up roadblocks to Republicans’ deregulation efforts, saying many rules are intended to protect consumers, notably in the area of financial oversight.
Senate Minority Leader Charles E. Schumer said earlier this month that the recent uses of the CRA were more about helping special interests than rolling back burdensome regulations.
“They are giveaways to big oil, big gas, big coal, big mining and wealthy special interests,” he said.
The total federal regulatory cost was $1.963 trillion in 2016, which marked an increase of about $100 billion since 2012, according to Mr. Crews’ analysis.
Mr. Trump can also order reviews within his own administration, hoping to knock out rules that tie the economy’s hands.
But White House budget director Mick Mulvaney said it’s not always easy to unwind long-embedded regulations.
“As we’ve been through the process, what we’ve learned is, it’s not that hard to slow down an agency on creating new regs,” Mr. Mulvaney recently told the Senate Budget Committee. “But when you ask an agency, a bureaucratic agency that is designed to create regs, to start to deregulate themselves … it’s a muscle that they have not used for a long time, if ever.”
Still, Mr. Obama’s penchant for using regulations as an end run around Congress means some of them are easier to undo now, said Tim Phillips, president of Americans for Prosperity.
“Right now we’re seeing enormous progress rolling back the extreme environmental regulations of the Obama years precisely because our side was successful in stopping the extreme environmental legislation during the eight years of Obama,” said Mr. Phillips, whose group lobbies for lower taxes and fewer regulations."
Some of those stats are not of much value unless one looks closer at the details, raw numbers dont tell the truth of the matter. Here is some low hanging fruit for you. 75% of the jobs created by Obama were part time jobs, which leaves one questioning all the rest of those supposed bennies from Obama.
You guys seem to forget one important fact: we were all here and tuned in for all of this recent history. You can sway the snowflakes with this crap, but not those of us who were al;ready awake.
He is a traitoruos felon who undermined our nation and we will spend the next generation or two trying to recover from his actions.
Empirical evidence is that Braaack Hussein OBOZO was an America hating race pimp who was moving this country towards socialism at a rapid pace. A statist who wanted to weaken this country on every front and sell our sovereignty as a nation to the global cabal. He fortunately could not do it in 8 years but he set the stage, a stage Hilda would have grown and a path she would have continued on. Thank God for President Trump! If it had been Ted Cruz who beat Hilda the leftist skank I'd be saying thank God for Ted Cruz. Anyone who will take this country the opposite direction as those two, meaning a path to American strength and prosperity.
Ha! Ok Commie lover. I can tell you that I've never poisoned any of my adversaries, so there's that! But sure, you can be a fan of Putin all you want. Reagan is turning in his grave. Wait, you do love Reagan, right? Enjoy this fantasy, you're welcome!
"For the time willHAS come when they will not endure sound doctrine; but wanting to have their ears tickled, they accumulate for themselves teachers in accordance with their own desires, turning away their ears from the truth and turn aside to myths." -- 2 Timothy 4:3-4
Indeed, that time is here now. Nowadays nearly everything coming from the leftist media is either strategically tainted with deception, or is an outright bold-faced lie. And when their lies are exposed, they remain unrepentant, and work on manufacturing more lies.
So your fav IMposter. You really seem to like guys, i see. Is that you in the front??? With your picture on here, i can see you wanting the front. I still would trust Putin, than your LYING a$$. You are a PROVEN LIAR, and FAKE. "I can tell you that I've never poisoned any of my adversaries, so there's that." Yep, you would rather LIE your a$$ off to them. Just as dangerous. Still, you have proven you can't be trusted. Enjoy your front ride with Trump. 8^))))
And Paulabe did say (like anything hesheit says is truthful!!!) that he hired a private dick because.....now get this, this is a classic and #1 on the "You Can't Make This Sh*t Up list....he claims that SOMEONE STOLE HIS IDENTITY!!!! The same Sybil with 40+ fake identities!!!!
How much he had to do with it? President Trump had 100% to do with what is happening in Korea. THIS is what leadership brings, this is leadership by strength. To even get this far is monumental. If peace between the two countries and denuclearization occurs this is not just President Trump's greatest accomplishment to date, but the greatest since Ronald Reagan disassembled the Soviet Union. Possibly greater than that. THIS is what terrifies the stinking liberals in this country. That President Trump will achieve great victories and success, with Korea, with China, with Japan, with the Middle East, with our economy in general. Liberals and their socialist masters are terrified!
Yep, President Trump makes true another promise with another strikingly great move! OBOZO’s weak and backwards Iran deal is toast as Secretary Pompeo lands for a meeting with the North Koreans. More winning and greatness for America. Thank you President Trump!!
This “deal” that Obama and his band of merry thieves had with Iran was essentially another example of selling this nation out, a traitorous act. We give them billions and allow them a legitimate avenue to a nuclear weapon. It was such a bad deal OBOZO knew he couldn’t even bring it to Congress for ratification. Both sides would have laughed at him. Thank God for President Trump!
And now the 3 American hostages in North Korea are safe, with denuclearization talks to follow. I'm telling you, the blind dumb sheep liberals and their statists Commie masters are TERRIFIED! Terrified of great things happening for the USA which will launch a new era of conservatism and another term for President Trump! Thank you President Trump, a true visionary leader with the USA's best interests represented like no other president in modern history!!
President Trump fully gets the credit for also fulfilling yet another campaign promise with the move of the embassy to Jerusalem. Not only that, but has now acknowledges Jerusalem is part of Israel which no other president has officially done in recent times. This president is focused on one thing, doing what is right and what is best for the USA. Thank you President Trump!
Trax, you know what a great thing is, Trump didnt have to give up terrorist prisoners in exchange to get someone back like Obama did with that traitor Bergdahl .... this country got shafted all around on that, just like we did on the O'Kerry flop with Iran ...
Good point JTV, isn't it refreshing to have a president who's leads with strength and wisdom. No president is always going to make the correct decisions on every single issue, all we can ask for is a president who always acts with this countries best interests as the number one motivator and that is President Trump. Haven't seen that since Reagan and Ronnie unlike Trump was beholden to the Party. A 100% improvement over the America hating race pimp and traitor Parasite Obama. Notice how quiet the leftists and their supporters the neverTrumpers are? They are terrified that all this winning for America will strengthen this great country and bring prosperity back like we have never seen. Thank you President Trump!
Hey, bigeasyliberal with one of his famous meaningless thoughts! Brilliant! The vast majority of Iran’s oil gets shipped to China and that isn’t changing sanctions or no sanctions. Most of the rest goes to the EU. Either bigeasyliberal doesn’t know how fickle and meaningless oil prices can fluctuate or he does but desperately must try to get a liberal message out. It’s likely both apply. This decision will have little affect on the long term price of oil, if any at all in the short term. Goldman Sachs has been calling for $80 oil by the end of this year for some time. Others even higher and the Iran deal has nothing to do with it. From one of them: “One, contrary to analysts’ and bank’s projections, Iran will not lose a single barrel of oil exports. More than 75% of Iran’s oil exports go to China and the Asia-Pacific region while the remaining 25% go mostly to the European Union (EU). China, India and other Asia-Pacific region countries as well as the EU are not going to comply with US sanctions and reduce their imports of Iranian crude.
While main buyers of Iranian crude will continue to do so, Japan, South Korea and a few others might decide to comply with US sanctions and shun Iranian crude. However, this will be more than offset by increased imports of Iranian oil by China, India and other Asia-Pacific countries as well as the EU.
Second, the pre-Iran nuclear deal’s sanctions worked against Iran’s oil exports because of a combination of the EU’s sanctions on global insurance companies insuring Iranian oil cargoes and US sanctions on banking making it difficult for Iran to receive payments for its oil imports in petrodollar. The EU is not going to walk away from the Iran nuclear deal and therefore it will not be imposing any sanctions on Iran thus further weakening US sanctions.
Third, Iran will be using the petro-yuan for payment for its oil exports thus bypassing the petrodollar altogether and nullifying the impact of the sanctions.”
"Oil’s up over 3% today on the Iran news! Thanks Trump!"
Since you work for a major oil company I'm sure your thanks are sincere. I don't work for an oil company and I don't give a rats ass about fuel prices. I'm more concerned about national security. Thank you President Trump.
And the United States is about to take over as the worlds #1 oil producer .... MAGA !! .... btw, oil/gas prices ALWAYS climb this time of year, they were rising before Trump told Iran to piss off .. .. "Meanwhile, Iran’s rival, Saudi Arabia, has pledged to boost exports in an effort to limit the impact of any drop in Iranian supply. Higher prices are also expected to further boost non-OPEC production, particularly by U.S. shale producers." (MarketWatch.com)
Should happen next year, JTV. And it’s really no thanks to any politician and has everything to do with new technology. The shale revolution has been happening for some time. And no, oil prices don’t “always” rise this time of year.
No bigeasyleftist, todays rise in oil no matter what triggered it has no long term implication. You are enamored with only one thing as usual, to promote liberalism which means to attack President Trump. What was the price of a barrel of oil a year ago? 3months ago? 1 month ago? Any number of things can affect the price of oil short term. Long term and it gets a bit more definitive. Speculation and unrest can affect oil not so much unlike it can the stock market in the short term. The real meat and potatoes is in the long term. Of course a liberal like you hates the idea of rubbing Obama’s face in his own crap sandwich and watching President Trump score win after win. The rest of us love to watch liberals squirm. Thank you President Trump!!
oil has been slowly going up... our dollar is also going up... it has long been said that as the economy gets better, oil will rise...also the fact that OPEC cut production months back hasnt helped ... US may end up being #1 in production/out put, but unless we get some new refineries and storage capabilities and keep it here, much will be shipped out ..
Oil prices went beyond $76 a barrel three days before President Trump announced that he is ripping up the tainted Iran nuclear deal and will be re-imposing sanctions on Iran. The impact by President Trump created a bit of volatility in the global market but hardly added to oil prices. Volatility in the oil market is commonplace, and turmoil that is and has been active in the Middle East is paramount to that. In the long term it all has to do with supply and demand. Perceptions and speculation are much shorter lived unless their is a real basis for them.
Even with re-introduction of sanctions, Iran will not lose a single barrel of oil exports. Sanctions will impact Iran in other ways though. Unfortunately OBOZO handed them billions of dollars to fund their war machine and nuclear ambitions. In no way can we ever allow Iran to have a nuclear weapon. Between us and Israel I can guarantee you they won't.
The upcoming talks with North and South Korea are historical. Just to get this far is a great achievement for President Trump and more demonstration of his strong and wise leadership. Leadership that has one ultimate goal, to do what is best for the United States of America. Thank you President Trump!
More good news. Major swine terrorists were recently captured in a sting. Most noticeable to me is interrogations which led to these captures were done in Iraq, most likely directly by Iraqi forces with intelligence from us. They are not held by the same laws and standards as we are in their "interrogations". Some of these high level terrorists were coaxed over the border by these detainees after interrogation. This mission was a long term one to get to this point. Great work!
President Trump continues to work for the American citizens.
"President Trump on Friday unveiled his administration’s plan for lowering prescription drug prices, vowing to “take on” the powerful pharmaceutical industry while calling for an end to “global freeloading” that has allowed foreign countries to pay less for American medicine. “America will not be cheated any longer, and especially will not be cheated by foreign countries,” Trump said Friday in a Rose Garden address.
Trump's “American Patients First” blueprint includes several other tactics for lowering notoriously high drug prices in the U.S. The plan calls for increasing competition, creating incentives for drugmakers to lower initial prices and slashing federal rules that make it harder for private insurers to negotiate lower prices.
“Today my administration is launching the most sweeping action in history to lower the price of prescription drugs for the American people,” Trump said.
The president also had tough words for America’s pharmaceutical industry, saying he plans to “take on one of the biggest obstacles to affordable medicine, the tangled web of special interests.”
President Trump continues to produce for the American people. OBOZOCARE will be eliminated one way or another. President Trump works for the American people in stark contrast to what we had in Parasite Obama the America hating race pimp who worked for the global cabal.
BEG, can’t you just admit Trimp IS winning? In every aspect. I know he can be rough around edges and isn’t “president material” to everyone. So what! Screwed a tramp 10 years ago. So what! Paid her to shut up. Guess what, So what! He continues to do exactly what he said he would do if elected and you have trouble admitting any good.
It's looking like a great achievement for President Trump with great history in the making. The fact that the liberals are terrified of the tremendous successes of the Trump Administration is demonstration of their true motives. Thank you President Trump!
"North Korea has scheduled the dismantlement of its nuclear test site for sometime between May 23 and 25 depending on weather conditions in order to uphold its previous pledge to discontinue nuclear tests, state media reported on Saturday.
The country's central news agency said the dismantlement of the nuclear test ground would involve collapsing all of its tunnels with explosions, blocking its entrances and removing all observation facilities, research buildings and security posts."
"The country's central news agency said the dismantlement of the nuclear test ground would involve collapsing all of its tunnels with explosions, blocking its entrances and removing all observation facilities, research buildings and security posts."
Trust nothing that Un says or does. The last test at this facility in September reportedly collapsed tunnels, killed hundreds of North Koreans and made the test facility inoperable. This 'win' is probably just a shiny object to distract trump. Un will not give up his nuclear program but it appears that trump suspects this in all his public statements about the upcoming meeting.
Our intelligence agencies will know without a shadow of a doubt wether or not Un has denuclearized. Un knows this. What he says means nothing, what he does means everything. It’s pretty naive to try to paint it any other way.
Move after move by this administration that strengthens this country and calls out our enemies for what they are while providing real time consequences. This is leadership.
"The United States designated the head of Iran's central bank as a terrorist and barred anyone around the world from doing business with him, escalating financial pressure on Iran in the wake of President Donald Trump's withdrawal from the nuclear deal."
I have said it above - providing help to the 25 million north Koreans would be a 'win' for me (rather than making one chubby one richer). Sounds like they are already balking about any denuclearization.
Well of course he rejects a libya style of denucking...What with the Obama administration state dept and all in charge old Qaddafi could have invited everyone over for cookies and cake and the USA still would have supported the rebellion that took him down...
Hahahaha. Muellers investigation is falling apart?!? Dude, go see your eye and ear doctor STAT Today it was revealed that Don Jr. "doesn't recall" who he spoke to for 4 minutes following a call with Emin Agalarov on the day of the Trump Tower meetings. He says he doesn't remember if it was Donald Trump. I guarantee you that Robert Mueller knows exactly who he called!!
Mueller has investigated trump and company for just 1 year with convictions, indictments and guilty pleas to show for it!! With so much moreto come.
By comparison The GOP "investigation" of Benghazi took 4 yrs, no convictions, no indictments. Nothing.
yea, its coming down all around him ..... he indicts a company that didnt even exist and he may have to expose all his top security evidence to the Russians ...lol .., his credibility is shot, leaks are rampant within his team, over 25 major leaks that can cause trouble for him, a judge recently bitch slapped his team over the Manafort trash, knowing that the only reason they were after Manafort was because of Trump .. ... all Mueller can do is go after outliers and dredge up their past to come up with supposed crimes....and now Grassley is demanding all the info on Flynn, knowing he may have been railroaded ..... Yup, Mueller is deep up to his neck in the crap barrel right now .... and the IG's report isnt even out yet ...... ooooopsie ...
Again, even if nothing comes of it (and it will) President Trump has gotten farther with improved deals with both North Korea and China than any other president. China has been breaking international law for some time, their new leader laughs at laws regarding theft and patents and sanctions. He agrees to them, and then does whatever he pleases. He has staked claim to international waters in the South China Sea and beyond. He has blinded our pilots flying in international air space and built artificial islands in international and disputed waters. At the same time, their economy is fragile. They are very dependent on world trade, and specifically trade with us. President Trump could break them financially by just a few banking moves, and they know it. President Trump is taking the prudent approach, slow but strong. We will get a much improved deal with China. We will also get a denuclearized Korean Peninsula. The last thing China wants is the USA moving nuclear warheads back to Korea. At the same time the fat little gargoyle in N. Korea desperately needs a deal. His empire is crumbling under extreme weight. He will deal or he will die. Thank you President Trump!
I realize this is just my opinion, but President Trump has set the tone for being the most Pro Life president ever. There's more to be done there for sure and more he could do, but what president was more Pro Life? You would have to take on the Party to be this Pro Life, and no other president would since it became an issue.
June 12th meeting still set at this point with North Korea. Wouldn't surprise me if there is a delay, but it will happen. More great leadership from President Trump! Thank you President Trump!