Trump Ignorantly Thinks the Stock Market Reduces Government Debt

Trump Ignorantly Thinks the Stock Market Reduces Government Debt

President Donald Trump is scheduled to sit down with Fox News' Sean Hannity on Wednesday in Harrisburg for an exclusive interview to air on the network.

The Republican tax plan unveiled last week calls for as much as $6 trillion in tax cuts that would sharply reduce federal revenues.

"So you could say, in one sense, we're really increasing values". The claim is incorrect on its face, but it does point to how the president views the economic interplay between the federal government and Wall Street. As CNBC details, to see why this doesn't make sense, consider the relationship (or lack thereof) between the stock market and debt during the Obama administration. "But we're very honored by it", Trump said.

In Trump's fractured mind, the stock market is part of a big pile of money that is used to pay the national debt.

While it's true that USA stock market indexes have risen markedly during Trump's time in office, the current gains are part of a bull market that began in the spring of 2009, when the country began to recover from the Great Recession and the collapse of the housing market.

Earlier Wednesday, Trump vowed that the stock market and employment would "grow by leaps and bounds" if Congress passes tax cuts he is proposing.

As for that stock market rally, the Standard and Poor's 500 is up almost 20% since his election - an impressive rally. "Lowest unemployment in 16 years and if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds #MAGA", the president said in a series of tweets.

Related News:

  • Investors Buy Shares of Netflix, Inc. (NFLX) on Weakness

    Investors Buy Shares of Netflix, Inc. (NFLX) on Weakness

    The value of the total investment in Netflix , Inc. went from $787,000 to $720,000 a change of 8.5% quarter over quarter. As of quarter end Grubman Wealth Management had disposed of a total of 1,300 shares trimming its holdings by 24.7%.

    OSU receives grand jury subpoena in basketball case

    Underwood, who was coach at Oklahoma State from March 2016 to March 2017, is not named in the subpoena. The current Oklahoma State coaching staff retained Evans after Underwood left in March for IL .
    China wants U.S.  to recognise Pakistan's efforts to combat terrorism

    China wants U.S. to recognise Pakistan's efforts to combat terrorism

    A number of former and present ambassadors, congress and senate staffers, state department officials and prominent media persons were present on the occasion.
  • Camden Property Trust (NYSE:CPT) Q2 2017 Sentiment Report

    Confluence Inv Ltd Liability Corporation holds 0.07% or 299,396 shares in its portfolio. 4,799 are owned by Tarbox Family Office. Waterfront Capital Partners LLC bought a new position in Columbia Property Trust during the first quarter worth $19,219,000.
    TCS Beats Expectations, Net Profit Jumps To Rs 6,446 Crore In Q2

    TCS Beats Expectations, Net Profit Jumps To Rs 6,446 Crore In Q2

    In second half of FY18, there are limited margin levers", Karan Taurani, VP Research, Dolat Capital said. "We experienced robust volume growth in Q2, driven by good demand across multiple industry verticals".
    Juniper Networks Inc (NYSE:JNPR) Institutional Investor Sentiment Is 2.27

    Juniper Networks Inc (NYSE:JNPR) Institutional Investor Sentiment Is 2.27

    Fiduciary Finance Svcs Of The Southwest Tx holds 1.82% of its portfolio in Pfizer Inc. (NYSE: JNPR ) for 875,538 shares. The network equipment provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03.
  • Seth Meyers Throws Eminem-Style Trump Gauntlet at His Fans

    Seth Meyers Throws Eminem-Style Trump Gauntlet at His Fans

    Eminem , referring to Obama during his sarcasm, argued that he was ' a much more viable alternative ' than Trump . Eminem showed his middle finger after his word.
    Spain crashed returning from the parade fighter

    Spain crashed returning from the parade fighter

    Spain's national day marks the date that Christopher Columbus first arrived in the Americas in 1492. Spanish media has identified the pilot as Captain Borja Aybar.
    Amblin's Adaptation of Stephen King's The Talisman Hires Josh Boone As Screenwriter

    Amblin's Adaptation of Stephen King's The Talisman Hires Josh Boone As Screenwriter

    He'll need to venture across the States and enter The Territories to find the object that gives the book its title. Boone broke out as a helmer when he wrote and directed the box office hit " The Fault in Our Stars ".
  • This is what analysts have to say about United Parcel Service, Inc

    Moreover, Fiduciary Tru Company has 0.02% invested in Torchmark Corporation (NYSE:TMK). 4,100 are owned by Pacad Inv. United Parcel Service Inc Class B now has $102.69B valuation. (NYSE:UPS) advice adding it to buy candidate list.
    USA  to withdraw from UNESCO

    USA to withdraw from UNESCO

    The state department said it would establish an observer mission at the Paris-based organization to replace its representation. The US had stopped funding UNESCO after it voted to include Palestine as a member in 2011 but it did maintain a UNESCO office.
    Apple get go-ahead to build data centre in Athenry

    Apple get go-ahead to build data centre in Athenry

    Construction of the first phase will generate 300 temporary jobs and, when it is operational, it will employ 100 people full-time. This prompted 2,000 local people from Athenry to march in support of the data centre past year .


Most liked

Court grants woman paid sick leave to care for ailing dog
The court accepted the argument and ruled that La Sapienza must give the employee back pay for the two days she was absent from work.

New Stranger Things teaser hints at Eleven's origin story
In all likelihood, the titles could be too indicative of the season's overall plot to be revealed now. Assuming the revealed titles are in order, then the eighth, ninth, and tenth are still a mystery.

Liberal Government Scraps Tax On Employee Discounts Amid Swift Backlash
There has been some confusion around the CRA's update on employee discounts and if it is a new law for retail workers. Shortly after the minister's statement was sent, the proposed guidelines were pulled from the CRA's website.

Thousands flee and more evacuated as wildfires DESTROY California — California fires MAP
Jerry Brown has declared a state of emergency for Napa, Sonoma and Yuba counties. "We have had big fires in the past". Pacific Gas and Electric said it reported those events to the state utility regulator and Cal Fire.

Here's how much Deepika, Ranveer, Shahid are getting paid for Padmavati
The trailer is absolutely magnificent. "The story of the film is looking really interesting and setting is also very interesting". Many would be aware by now that Ranveer will be seen playing the role of captain Kapil Dev.

Analyst Ratings and Financial Health of Arconic Inc. (NYSE:ARNC)
Current price level places the company's stock about -10.75% from the 52-week high and 63.52% away from the 52-week low. Renaissance Technologies LLC bought a new position in shares of Arconic during the 1st quarter worth about $30,412,000.

Firangi motion poster: Kapil Sharma ready to fight for the nation
When Kapil was doing his show The Kapil Sharma Show that time he always promoted his upcoming movie Firangi . Kapil made his debut on the silver screen with Abbas Mustan's Kis Kis Ko Pyaar Karun, which released in 2015.

'Breaking Bad' house owners put up fence to stop pizza throwing
According to Quintana during the first Balloon Fiesta after they moved in, she reckons the numbers went into the hundreds.

Bharti Airtel to merge with Tata telecom business
Tata's consumer mobile business operations and services will continue as normal until the completion of the transaction. Tata will also retain its stake in Viom and will take care of the liabilities associated with it.

Robert Pattinson splits from fianc&ecaute;e FKA Twigs
In the past few months, there seemed to be water in the gas between Robert Pattinson and FKA Twigs. The relationship has been fizzling out'.

Celtics' Kyrie Irving happy to be in Boston
They will enjoy Irving prodding Cavaliers fans to nearly the same extent that Cavaliers fans will hate it. Cleveland, of course, has been a pretty successful sports city over the past few years as well.

Simple Moving Average Analysis of Fidelity National Information Services, Inc. (FIS)
The information technology services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05. According to Finviz reported data, The SMA20 of the stock is at 1.6 percent, SMA50 is 2.87 percent, while SMA200 is 11.3 percent.

Ceasefire violation along LoC: Pakistan opens fire in J&K's Poonch district
On June 12, Pakistani Army violated ceasefire along LoC in Krishna Ghati at 6:20 AM in Jammu and Kashmir. The exchange of fire in Poonch's Khadi Karmara continued as reports last came in, the officials said.

Arvind Kejriwal's blue Wagon R stolen from outside Delhi Secretariat
Not just the iconic auto , the software engineer also wanted a refund of the money he and his wife donated to the party. The auto was donated to Kejriwal by Kundan Sharma, a software enginner, in January 2013.

Which Insider sold 9538 Shares Of NVIDIA Corporation (NVDA)?
On July 12 the company was rated "Buy" in a report from SunTrust Robinson Humphrey which is up from the previous "Neutral" rating. NVIDIA Corporation (NVDA ) stock price escalated 0.78% to finalize at $190.41 throughout previous buying and selling session.