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Trump believes he can say whatever he wants and his supporters won’t care


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There’s a vigorous debate underway in America about whether facts matter. Here’s why they do and always will.

You might be able to win a Twitter battle with alternative facts, as President Trump has arguably demonstrated. Trump’s latest dubious assertion is that President Obama ordered the phones tapped at the Trump campaign’s headquarters last year. People who ought to know say that didn’t happen, but Trump seems to have used the self-generated controversy to deflect attention from criticism of his attorney general and other controversies. Don’t expect him to back down.

The use of alternative facts helped Trump win the presidential election last year, and as president he has continued to lie about nonexistent voter fraud, an escalating murder rate that’s actually declining, terrorist attacks that didn’t happen, the “biggest electoral college win since Ronald Reagan” (except for five others), and of course a record inauguration crowd that wasn’t.

These aren’t accidents or mistakes. Trump plainly believes he can say whatever he wants and his supporters won’t care. Trump defenders back that up, to some extent, saying it’s a mistake to interpret Trump literally. Instead, they praise Trump’s vow to dismantle the broken establishment and say his methods don’t really matter. Trump, for his part, seems to realize that every public lie he utters intensifies his conflict with the know-it-all fact-checkers in the media, which boosts his standing among core supporters who view the media as part of the problem.

Fact-defenders are tearing their hair out in the Trump era, but they will prevail, because there’s one part of our socioeconomic life where fake facts don’t cut it: the market. You can’t lie your way to prosperity, at least not legally, and you’ll actually harm your well-being if you make important decisions about your economic life based on bogus propaganda. This is happening now.

Experienced investors know that asset prices can, in fact, rise on hype, deception and wishful thinking. But the market always corrects for this, often in profound and disastrous ways. It even overcorrects sometimes. The housing bubble of the early 2000s ended in the devastating financial crash of 2008. Oil prices soared above $100 per barrel in 2014, before the market noticed all the new supply coming online from US shale, sending prices down by 75% and causing widespread hardship in the energy industry.

The stock market may even now be overestimating the eventual impact of tax cuts, deregulation and other business-friendly moves Trump has promised. Trump has clearly talked up stocks, highlighting investors’ susceptibility to a good story. But sugar highs are always temporary, and the story can change quickly once the storyteller loses credibility.

A lot of ordinary Americans will be on the losing side of Trump’s propaganda if they base important decisions based on what he’s promising. He says he’s going to “bring back our jobs,” as if steelworker and textile jobs from the 1980s or 1990s have just gone on vacation and will soon rematerialize in their original form. Many economists say this will never happen, because the jobs of yore barely exist in a world of robots, algorithms and thinking machines. But if you’re hurting for a job and believe Trump, you might wait for his magic to work instead of going back to school, learning new skills or moving someplace where there’s more opportunity.

The same goes for Trump’s pledge to rid the nation of undocumented immigrants so Americans can once again claim the jobs foreigners have supposedly stolen. Trump isn’t telling anybody fighting for a lower-paying job to find ways to add value to the labor they’re able to perform, which is what the market rewards. Instead, he’s promising an easy solution that requires nobody to do anything but wait for the deportation force to show up.

Trump’s entire mantra to “make America great again” requires nothing but voters giving him carte blanche to do what he thinks needs to be done. Let him rewrite trade deals and immigration laws. Build a border wall. Slash government. Cut taxes. Let his developer pals and new Wall Street brain trust spread prosperity far and wide, same as they’ve enriched themselves.

The market won’t buy any of this if the results aren’t real. There will be no new jobs for the “forgotten men and women” Trump vows to help unless they help themselves first. No company is going to hire workers with outdated skills unless there’s nobody else—including robots—available for must-fill jobs. Workers will never earn more unless they justify higher pay by accomplishing more. Trump can’t jawbone the market into doing what he wants any more than he can persuade water to flow uphill.

 

For the time being, Trump supporters are delighting at the torment the Prevaricator-in-Chief is causing the mainstream media and the usual defenders of small-t truth. But they’re unlikely to get more from Trump than a bit of passing satisfaction—and some of them are undoubtedly waiting for tangible help improving their living standards or access to opportunity. If you misdiagnose the problem, your “solution” probably won’t work.

Trump seems to be aware that he may be setting up his fans for disappointment in the event his fantastical promises don’t produce real results. One suspects this is why the world’s most powerful elected official regularly characterizes himself as a victim—of his predecessor, of the media, of the intelligence community, of bureaucratic leakers. This is a pre-emptive effort to blame somebody else if, or when, market discipline trumps Trump propaganda. If that happens, facts may still not matter to Trump, but they’ll matter to the rest of us, perhaps even more than usual

 

https://finance.yahoo.com/news/this-is-where-alternative-facts-fail-183829889.html

 

 

 

He is one smart cookie.

B/A

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You all , Believed every drop of drivel that obama spewed for 8 years and what did that get anyone...Foreclosed on, spied on, IRS probes, unemployed, military cut to the lowest in modern time, ISIS fully armed, Dead Americans in Libya, jobs shipped overseas, spendy light bulbs that haft half as long made in mexico, open borders, a totally FUBARed EPA, expensive electrical power, gas prices higher than ever, ammo shortages, Militarizes EPA, IRS and Postal Service even though most never saw any arms or ammo. Stock market tanked, mass influx of muslim terrorists that no one can account for and the list can go on and on and on....

Keep in mind Trump has been POTUS for less than 60 days and he has done more for Americans and Jobs than obama forced out in 8 years.

Under obama Ferguson burned, Baltimore burned, countless Police Officers were Murdered, American Hero's were lostand you tell me one damn thing obama did....other than a Beer Garden with the supposed Victim of a Racist Hate crime.

Did your worthless obama have the balls to pick up a phone and call Chris Kyles Wife after he was Murdered....In Case you don't Know....Chris Kyle was the best Military Sniper the United States has seen in Years. Chris Kyle also put his life after his service into helping other Soldiers, Wounded Warriors. Chris Kyle and Chad Littlefiels were Murdered trying to help another soldier.

Did your wonderful obama spend anyone to either of their Memorial Services? Nope.

Your wonderful obama did however spend his people the travon martins service as well as michael browns service....both proved to be thugs.

Just a clue for you and Shabs....Get the hell over it. Hillarious lost and she lost for a reason.....America and American on both sides are feed up with corruption, feed up with politician padding their pockets, feed up with obama phones, welfare for the masses, Fake News and Blaming Bush for everything.

I am sure you are about the blow a vein or three fuming on some sort of come back like I am a Racist, Homophobic or I just hate stupid people......

Just me being real while the liberal Left is grasping at anything in hopes of saving something they never had, obama would never be able to give them and will Never Happen in American...Socialism or a more common term Communism

Wishing all the Snowflakes the best and summer is coming....You know what that means.

Karsten

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12 minutes ago, Theseus said:

Global warming? Well okay only half the global warming? j/k

No....Range time, Practice makes prefect

Just keeping it real and the left needs to learn that for every action there will also be a reaction and the reaction might not be the out come they expected.

The Left has two choices....admit Trump is the new President and let him do his job or continue down the road they are on and I don't think they are prepared for that journey.

qknjO7.jpg

I am a plenty peaceful person until pushed over that line.

Karsten

 

Edited by Karsten
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Like Trump has said In The past. He could shoot someone And his followers would still love him. I say he should start with Nancy palosi and or Obama. Then if people ignore or aplaud it, then he should keep cleaning house. Maybe I will dream about it tonight.

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15 hours ago, bostonangler said:

He is one smart cookie.

B/A

Changing the title of an article and not giving it full credits, is not to smart on your part. It could actually lead you into legal consequence. Heck you didn't Post the title at all, even in the article...Please refrain in doing so in future post

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9 hours ago, Karsten said:

You all , Believed every drop of drivel that obama spewed for 8 years and what did that get anyone...Foreclosed on, spied on, IRS probes, unemployed, military cut to the lowest in modern time, ISIS fully armed, Dead Americans in Libya, jobs shipped overseas, spendy light bulbs that haft half as long made in mexico, open borders, a totally FUBARed EPA, expensive electrical power, gas prices higher than ever, ammo shortages, Militarizes EPA, IRS and Postal Service even though most never saw any arms or ammo. Stock market tanked, mass influx of muslim terrorists that no one can account for and the list can go on and on and on....

Keep in mind Trump has been POTUS for less than 60 days and he has done more for Americans and Jobs than obama forced out in 8 years.

Under obama Ferguson burned, Baltimore burned, countless Police Officers were Murdered, American Hero's were lostand you tell me one damn thing obama did....other than a Beer Garden with the supposed Victim of a Racist Hate crime.

Did your worthless obama have the balls to pick up a phone and call Chris Kyles Wife after he was Murdered....In Case you don't Know....Chris Kyle was the best Military Sniper the United States has seen in Years. Chris Kyle also put his life after his service into helping other Soldiers, Wounded Warriors. Chris Kyle and Chad Littlefiels were Murdered trying to help another soldier.

Did your wonderful obama spend anyone to either of their Memorial Services? Nope.

Your wonderful obama did however spend his people the travon martins service as well as michael browns service....both proved to be thugs.

Just a clue for you and Shabs....Get the hell over it. Hillarious lost and she lost for a reason.....America and American on both sides are feed up with corruption, feed up with politician padding their pockets, feed up with obama phones, welfare for the masses, Fake News and Blaming Bush for everything.

I am sure you are about the blow a vein or three fuming on some sort of come back like I am a Racist, Homophobic or I just hate stupid people......

Just me being real while the liberal Left is grasping at anything in hopes of saving something they never had, obama would never be able to give them and will Never Happen in American...Socialism or a more common term Communism

Wishing all the Snowflakes the best and summer is coming....You know what that means.

Karsten

You keep aligning me with Clinton. Unlike you and the rest of the people here, I didn't vote for either Clinton or Trump. Unlike you and the rest of the people here who voted  for one of the two corrupt parties, I didn't vote Democrat or Republican. Unlike you and the rest of the people here, I won't saying my vote was used to elect more of the same old swamp people. So bash me as you will, but don't align me with the complete failure of our government as it comes apart in front of your face, because I wasn't one of the sheeple who was hoodwinked by huge advertising budgets and cheesy clichés. I honestly can't believe that Americans can still be so easily fooled.

B/A

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9 hours ago, Karsten said:

You all , Believed every drop of drivel that obama spewed for 8 years and what did that get anyone...Foreclosed on, spied on, IRS probes, unemployed, military cut to the lowest in modern time, ISIS fully armed, Dead Americans in Libya, jobs shipped overseas, spendy light bulbs that haft half as long made in mexico, open borders, a totally FUBARed EPA, expensive electrical power, gas prices higher than ever, ammo shortages, Militarizes EPA, IRS and Postal Service even though most never saw any arms or ammo. Stock market tanked, mass influx of muslim terrorists that no one can account for and the list can go on and on and on....

Keep in mind Trump has been POTUS for less than 60 days and he has done more for Americans and Jobs than obama forced out in 8 years.

Under obama Ferguson burned, Baltimore burned, countless Police Officers were Murdered, American Hero's were lostand you tell me one damn thing obama did....other than a Beer Garden with the supposed Victim of a Racist Hate crime.

Did your worthless obama have the balls to pick up a phone and call Chris Kyles Wife after he was Murdered....In Case you don't Know....Chris Kyle was the best Military Sniper the United States has seen in Years. Chris Kyle also put his life after his service into helping other Soldiers, Wounded Warriors. Chris Kyle and Chad Littlefiels were Murdered trying to help another soldier.

Did your wonderful obama spend anyone to either of their Memorial Services? Nope.

Your wonderful obama did however spend his people the travon martins service as well as michael browns service....both proved to be thugs.

Just a clue for you and Shabs....Get the hell over it. Hillarious lost and she lost for a reason.....America and American on both sides are feed up with corruption, feed up with politician padding their pockets, feed up with obama phones, welfare for the masses, Fake News and Blaming Bush for everything.

I am sure you are about the blow a vein or three fuming on some sort of come back like I am a Racist, Homophobic or I just hate stupid people......

Just me being real while the liberal Left is grasping at anything in hopes of saving something they never had, obama would never be able to give them and will Never Happen in American...Socialism or a more common term Communism

Wishing all the Snowflakes the best and summer is coming....You know what that means.

Karsten

You angry, bro?  :lol:

GO RV, then BV

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15 minutes ago, yota691 said:

Changing the title of an article and not giving it full credits, is not to smart on your part. It could actually lead you into legal consequence. Heck you didn't Post the title at all, even in the article...Please refrain in doing so in future post

I apologize, I wouldn't want to make stuff up and mislead like you know who...

 

B/A

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9 hours ago, Karsten said:

No....Range time, Practice makes prefect

Just keeping it real and the left needs to learn that for every action there will also be a reaction and the reaction might not be the out come they expected.

The Left has two choices....admit Trump is the new President and let him do his job or continue down the road they are on and I don't think they are prepared for that journey.

qknjO7.jpg

I am a plenty peaceful person until pushed over that line.

Karsten

 

Ooooh....armed and scary.  :rolleyes:

GO RV, then BV

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9 hours ago, Karsten said:

No....Range time, Practice makes prefect

Just keeping it real and the left needs to learn that for every action there will also be a reaction and the reaction might not be the out come they expected.

The Left has two choices....admit Trump is the new President and let him do his job or continue down the road they are on and I don't think they are prepared for that journey.

qknjO7.jpg

I am a plenty peaceful person until pushed over that line.

Karsten

 

You're gonna shoot your eye out.

 

B/A

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As I recently stated, history was one of my favorite subjects. Watching the events unfold of late and reading comments from both sides of the aisle I am shocked at how history is repeating itself. Maybe everyone should pick up a history book and stop repeating history, break the chains that bind you down. I really am beginning to wonder how Humanity has managed to last for 6,000 years. We seem so hell-bent on destroying ourselves it's amazing we haven't succeeded yet.

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13 minutes ago, ladyGrace'sDaddy said:

As I recently stated, history was one of my favorite subjects. Watching the events unfold of late and reading comments from both sides of the aisle I am shocked at how history is repeating itself. Maybe everyone should pick up a history book and stop repeating history, break the chains that bind you down. I really am beginning to wonder how Humanity has managed to last for 6,000 years. We seem so hell-bent on destroying ourselves it's amazing we haven't succeeded yet.

I agree with you on this point.  Everything I read and learned about 1930's Germany and the rise of the Nazi's feels eerily similar to modern day U.S. of A.  :(  Fear mongering, attacks on political opponents, religious persecution, racism, bigotry, walls......and the propaganda machine on full blast.  

GO RV, then BV

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12 minutes ago, umbertino said:

Are you asking me, LGD?  I think I have said it before but I'll gladly say it again...I'm male...Ciao

Yes I was asking you. I've attempted several times to speak with you to no avail. Even left you my email once. I figured you just had a problem with me. 

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23 minutes ago, ladyGrace'sDaddy said:

Yes I was asking you. I've attempted several times to speak with you to no avail. Even left you my email once. I figured you just had a problem with me. 

Nope..No problem with you at all

Sorry if I have overlooked your msgs to me... I assure you that was not intentional whatsoever . I simply missed them, I guess

As you know by now there's no chance to have a place ( the way it used to be possible before) to leave  private msgs etc here on DV...

.I'd like to give you my email addy but I don't know how to do it as I don't think it's the case to put it here on a thread

I'm open to suggestions..As you know I like communicating always with most Folks...

And  again..Your above assumption ( me not wanting to talk w you)  is plain wrong..Word

 

 

Edited by umbertino
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On 3/7/2017 at 11:36 PM, jg1 said:

Like Trump has said In The past. He could shoot someone And his followers would still love him. I say he should start with Nancy palosi and or Obama. Then if people ignore or aplaud it, then he should keep cleaning house. Maybe I will dream about it tonight.

I will back everyone's right to free speech but when we cross the line and suggest violence or harm to anyone (even in gest), no matter their political affiliation or past transgressions, I feel it cheepens and diminishes the argument you are trying to make...IMHO. Nothing personal, just want us to keep our conversations on a civil discourse.

Indy

 

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7 minutes ago, Indraman said:

I will back everyone's right to free speech but when we cross the line and suggest violence or harm to anyone (even in gest), no matter their political affiliation or past transgressions, I feel it cheepens and diminishes the argument you are trying to make...IMHO. Nothing personal, just want us to keep our conversations on a civil discourse.

Indy

Hear Hear!  

GO RV, then BV

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