Trump Touts "Highest Stock Market Ever", Slams Congress' Exemption From 'Disastrous' ObamaCare

President Trump is active this morning. His first tweet of the week was a shot across the bow of Congress (who exempted themselves from Obamacare because it was such a disaster) and suggesting - shockingly to many in DC - that insurance companies may face some pain...

But then, having discussed the "bad", he pivoted to what he sees as "the good" - the stock market, unemployment, and wages - proclaiming there is "No White House Chaos"...

Which, as we detailed previously, could be a big mistake...

The president wants people to think that he is the reason for the stock market bubble.

This is a big mistake.

The Fed is the premier member of the so-called "Deep State". In fact, without The Fed, there would hardly be a "Deep State" to speak of.

The Fed sits at the top of the Deep State. They have the ultimate power (that no human beings should ever have) to create new money out-of-thin-air.

In case Trump hasn't figured it out yet, the Deep State does not like him.

Should a major decline in the stock market occur during Trump's Administration, guess who will take the blame?

President Trump.

After all, he took ownership of the bubble!

Should the market tumble, the mainstream media (that also despises Trump) will have plenty of his quotes, YouTubes, and Tweets to use against him.

The economic woes will be pinned on Trump.

Will Trump deserve the blame? No, but it'll be too late.

?This is not to say that a major decline will occur during Trump's tenure. Bubbles can take on a life of their own, and this one may last during Trump's full term.

But that's a risky gamble to make.

This bubble is going on almost 10 years now without a serious decline.

Should we see a major selloff, Trump has very few friends in the major power centers that will come to his aid.

As Peter Schiff points out in this fantastic clip below: The Fed now has their fall guy:

Comments

Looney Mon, 07/31/2017 - 08:41 Permalink

  … why should Congress not be paying what public pays? C’mon, Donald! Taking away Congress’ insurance subsidies would be a half-ass measure! Here’s a better solution – all 535 members of Congress, AND THEIR STAFFERS, must be stripped of any and all Health Insurance provided by the federal government as a benefit. Let them buy it on 0bama’s Exchanges in the Districts/States they represent. Oh, and no subsidies or discounts there either! I, for one, would like to see McCain sitting under an Arizona cactus, waiting for his treatment for weeks or months, while his head slowly rots away.  ;-) Looney

Zero_Ledge Ben Tornilloed Mon, 07/31/2017 - 11:19 Permalink

"best economic numbers in years, unemployment lowest in 17 years" ?Fuck this guy. 12 months ago he called these same numbers from the same reports total lies.  Have any changes been made at BLS? No.12 months ago, Trump called the market a "bubble".  Now it's the "highest ever", which means he is great, I guess.This is not a political argument.  The numbers are either true or false - they cannot be both.  Trump's use of these numbers now tells you everything you need to know about him, namely that he is a zero-integrity douche, and probably also a total moron. 

In reply to by Ben Tornilloed

Giant Meteor thesonandheir Mon, 07/31/2017 - 09:30 Permalink

Bubbles, it's what's for dinner ..When I was a lad, a tadpole Meteor, I once knew a stripper that went by "bubbles." Tough broad, she kicked my feet off the stage. That was back before lap dances and such. Bubbles told me if I didn't straighten up she was gonna kick my ass right then and there. I believed her too. Of course her 250 pound body guard sealed the deal for me ..You must respect bubbles ... 

In reply to by thesonandheir

Veritas X- Giant Meteor Mon, 07/31/2017 - 09:40 Permalink

"I once new a striper that went by "bubbles.""....Well GM, I once met a young lady at *Saturdays* in Denver who told me while 'going-around-the world', that she was a stripper.She certainly 'straightened up' my pole.Great Pole dancer btw.;)  X-ps. I see you corrected your spelling errors.Yepp. It's a bitch gettin' old.:)

In reply to by Giant Meteor

peopledontwanttruth thesonandheir Mon, 07/31/2017 - 09:44 Permalink

Why do Americans love bubbles so much? Are they stupid or something?

They were programmed with shows like Lawrence Welk, this whole stock market is NOT an indicator of the economy and any educated person has always known that. So his presumptuous comment is directed to those who don't know the stock market's rise is based purely on debt, loans and free money (it won't be free in the near future).

Only a fool boasts of their accomplishments and this isn't one. It reminds me of the NFL player beating on his chest and dancing for doing his job of tackling the ball carrier.

In reply to by thesonandheir

Giant Meteor Al Gophilia Mon, 07/31/2017 - 10:01 Permalink

And disengenuous is putting it mildly .. Yes, yes, counterfeiting, and I suppose that is why my Melissa Mounds reference above. I am quite certain, to this day, that those oversized fun muffins were not real. The counterfeit stock market even less so ..Of course it is fun (and extremely profitable) for some, I suppose, to believe otherwise .. Hell, even the big banks, the primary dealers don't really believe it, but they do know they are mightily fucked without it .. Trump is onboard, the crazy train .. All aboard !As many have pointed out, the collapse already happened. Tanks in the street by mornin and all ..  that is all I needed to know.At some point, reality will catch up to all this lying, skullduggery, carnival barking, and fraud. What that trigger will be, is anyone's guess, although I assume this is when the dogs of war will be unleashed ..Suffice to say, it is nigh impossible to take these "best stock market ever", "tweets" serious in any regard ..

In reply to by Al Gophilia

Oldwood Troy Ounce Mon, 07/31/2017 - 08:52 Permalink

Your assumption is that they will allow the markets to crash. While fundamentals have shown great weakness for many years, it is still up, up and away. Trump believes that the market makers will not allow it to fall. They have access to unlimited funds and still have no where near all of the "sideline" money (my money) to justify a full scale harvest.If it were going to crash it would have already. Has the Venezuela market crashed yet?

In reply to by Troy Ounce

Oldwood chunga Mon, 07/31/2017 - 09:15 Permalink

MADD is not just with regard to nuclear war. It is our economics as well. They are attempting to create so much interdependence and worldwide fragility that no one can afford to cause trouble. As you say, Russia is not playing along and neither is NK, which is why they are seen as a threat. We have all created mutual vulnerabilities, mutually assured destruction. The fact that much of the world is bankrupt yet still functions is not a coincidence nor accident. World peace through world oppression.

In reply to by chunga

The Wizard Troy Ounce Mon, 07/31/2017 - 08:57 Permalink

 For Trump to point to the stock market as proof of his success is dangerous and foolish. Exactly, he will be a fall guy. The Goldman boys have convinced him to go out and push the idea he is responsible for the rise in stock prices. Didn't Donald use the term bubble during the campaign?This is scary because it shows The Don isn't aware of QE and how it has driven up stock prices and inflation. QE was developed by the FED, Goldman and Treasury under Barry and it is driving up all prices, devaluing the currency. Don, go to the grocery store and check out the size of packages and tell me inflation is under control.

In reply to by Troy Ounce

Bes Troy Ounce Mon, 07/31/2017 - 09:01 Permalink

don't be a fool.dead men tell no tales.----and trump is a wall street oligarch. with a police state/war fetish. full stop.drain the swamp.   he is the swamp.  and has been since daddy gave him a $14,000,000 loan to build a lemonade stand.only fucking idiots would think a guy with billionaires, banksters, goldman boys, and war hawk generals filling his cabinet would actually be draining any fucking swamp.----and now the fucking FED printed bubble is great!  no shit, him and his buddies get first crack at all the QE, almost zero interest rate, fractional reserve banking scratch that we all pay for.is that all the winning i keep hearing about?but yeah cankles is what we should focus on!hahaha.  /sarc#maga

In reply to by Troy Ounce

BrownCoat Troy Ounce Mon, 07/31/2017 - 11:19 Permalink

"For Trump to point to the stock market as proof of his success is dangerous and foolish."Every president claims credit for any success during his reign. No president ever takes blame. (The one exception was Jimmy Carter with the Iran hostage rescue.)Besides, the MSM continues to blame Trump for everything. And the MSM gives Trump credit for nothing good. The Media is so biased now, we don't even notice it! Look at this article: "Congress (who exempted themselves from Obamacare because it was such a disaster)." Really? The author knows that Congress acted because it was such a disaster? Obamacare *is* a disaster, but I doubt that Congress exempted themselves because of it. Congress routinely exempts itself from laws it creates. I would describe it as elitist hubris. I would never claim to know what goes on inside a Congress critters head! 

In reply to by Troy Ounce