Steve Says: While Trump haters pray for a recession, the real economy is booming

Steve Says: While Trump haters pray for a recession, the real economy is booming


♪♪ STEVE: THAT EVENING AND WELCOME TO THE NEXT REVOLUTION BUT I MISS STEVE HILTON AND THIS IS THE HOME OF PUBLIC POSITIVE POPULISM AND MOST DEFINITELY WE ARE PRO- AMERICA. PRESIDENT TRUMP WITH THE ECONOMIC CASE FOR HIS REELECTION IN CLASSIC STYLE THE OTHER NIGHT. PRESIDENT TRUMP: YOU HAVE NO CHOICE BUT TO VOTE FOR ME BECAUSE YOUR 401K’S ARE DOWN THE TUBES IN EVERY WILL BE DOWN THE TUBES. SO, WHETHER YOU LOVE ME OR HATE ME YOU GOT TO VOTE FOR ME. STEVE: BUT ACCORDING TO THE PEOPLE WHO DO HATE THE PRESIDENT IT’S ALL GOING DOWN THE TUBES NOW.>>TRUMP WAKING UP TO A TRAINING # HE WAS LIKELY DESPERATE TO CHANGE. # TRUMP RECESSION. IT CAME ALONGSIDE HEADLINES 40 THE ECONOMY IS IN DISTRESS AND MAYBE EVEN HEADED FOR A NOSEDIVE. TRUMP’S OWN AIDS AND IT COULD SPELL POLITICAL DISASTER FOR THE PRESIDENT AND COULD POSE THE GREATEST THREAT YET TO HIS REELECTION PROCESS.>>I CALL THIS ANOTHER TRUMP A SLUMP.>>GIANT DARK CLOUD HAS TAKEN ITS NEW PLACE ON THE HORIZON AS POTENTIAL BIG TROUBLE FOR THE TRUMP ECONOMY.>>THE THREAT OF RECESSION IS REAL.>>IS A GLOBAL ECONOMY INCLUDING THE UNITED STATES IS TAKING A STEP TO THE RECESSION AND WHAT DOES THAT MEAN FOR THE PRESIDENCY.>>IS POLITICAL SUICIDE. STEVE: IT’S PRETTY OBVIOUS THAT THESE ESTABLISHMENT TRUMP 18 HYSTERICS ALREADY COMFORTABLE, COASTAL LIVES WANT A RECESSION BECAUSE THEY THINK THAT’S THE BEST WAY TO GET RID OF TRUMP. A LEAST ONE OF THEM IS HONEST.>>I’VE BEEN SAYING FOR ABOUT TWO YEARS I HOPE WE HAVE A RECESSION AND PEOPLE GET MAD AT ME. STEVE: YEAH, I WONDER WHY. BILL, IN RECESSION REAL PEOPLE WORKING AMERICANS GET HURT, NOT YOU AND YOUR RICH FRIENDS IN THE ESTABLISHMENT STATE MEDIA THAT WOULD BE REPORTING ON RECESSION NOT LIVING IT. WE SAW ALL THIS TALK OF RECESSION LAST WEEK NOT BECAUSE OF ANYTHING THAT HAPPENED IN THE REAL ECONOMY BUT BECAUSE OF THE FAKE ECONOMY, THE ONE CONJURED UP BY PANICKY IDIOTS AND ALGORITHMS ON WALL STREET. IN CASE YOU NEVER MET ANY OF THESE FINANCIAL WHIZ KIDS LET ME TELL YOU WHO WE ARE DEALING WITH HERE. THESE WALL STREET TYPES ARE NOT EXACTLY THE KIND OF PEOPLE YOU WANT YOUR CHILDREN TURNING INTO. THEY ARE NOT VERY SMART AND NOT THOUGHTFUL OR KIND BUT OFTEN POORLY EDUCATED AND MOSTLY IGNORANT AND ALWAYS SELF-INTERESTED AND GREEDY. THIS WEEK THEY GOT THE WHOLE WORLD IN A PANIC FOR NO GOOD REASON THANKS A LOT, GUYS. AND THEY ARE MOSTLY GUYS. TO HEAR A RUMOR, MASSIVELY OVERACT TO A SINGLE PIECE OF DATA, PUSH BUTTONS AND FOLLOW EACH OTHER LIKE DEMENTED SHEEP. THE WORST THING IS THERE PANICKY IT IS HE CAN HAVE REAL-WORLD EFFECTS. IN THE END, THE ECONOMY IS NOT SOME ABSTRACT THING BUT A HUMAN THING, COLLECTIVE RESULT OF COUNTLESS HUMAN DECISIONS. SHOULD I BUY THAT NEW PIECE OF FURNITURE? SHOULD I HIRE THE EXTRA WORKER? ALL OF THESE HUMAN DECISIONS BOIL DOWN TO CONFIDENCE ABOUT THEIR FUTURE. TO HAVE THE WALL STREET IT IS DATE COULD CAUSE A RECESSION JUST BY GOING ON ABOUT IT. THIS WAS THE SMARTER THING WE HEARD LAST WEEK ON THE WHOLE TOPIC IS THE CEO OF BANK OF AMERICA SOMEONE WHO KNOWS WHAT HE’S TALKING ABOUT BLAMED INTERNATIONAL FACTORS FOR THE TURMOIL OF THE FINANCIAL MARKETS AND POINT OUT BASIC FACTS OF THE REAL ECONOMY. QUOTE, AVERAGE WORKER IS WORKING, GETTING PAID MORE AND THAT WILL TRULY INTO GOOD CREDIT PERFORMANCE ON THE CONSUMER SIDE BUT THE REAL RISK FOR THE U.S. ECONOMY IS IF THE CONSUMERS SLOW DOWN. LISTEN TO THIS, THE MOST IMPORTANT POINT HE MADE.>>WE HAVE NOTHING TO FEAR ABOUT A RECESSION EXCEPT FOR THE FEAR OF RECESSION. STEVE: THAT IS EXACTLY RIGHT. WE MUST NOT LET THE PANICKY WALL STREET ROYALTY LIVING IN THE TRUMP HATING ESTABLISHMENT MEDIA TALK US INTO A RECESSION. KEEP THE FOCUS ON THE REAL ECONOMY, NOT THE FAKE ECONOMY. CONSUMER SPENDING IS TWO THIRDS OF THE REAL ECONOMY AND IN JULY IT DID NOT GO DOWN BUT IT WENT UP. AS “THE WALL STREET JOURNAL” NOTED ON FRIDAY THERE WERE ABOUT TO REPORT THE STRONGEST RATING THE SMART IS A POSITIVE SIGNAL OF U.S. ECONOMY. IN THE REAL ECONOMY THE BIGGEST REAL TAYLOR, WALMART, MADE A SALES WERE DOWN BUT UP. IT REVISED ITS PROFIT FORECAST, NOT DOWN BUT UP. TESTING FOR MACROECONOMIC ADVISERS REVISED ITS ECONOMIC GROWTH PROJECTIONS, NO, NOT DOWN BUT UP. THE ATLANTA FED REVISED ITS ECONOMIC GROWTH PROJECTIONS AGAIN, NOT DOWN BUT UP. IN THE REAL ECONOMY, TRUMP ADMINISTRATION, PRO ENTERPRISE AGENDA IS WORKING FOR LOWER TAXES AND LESS REGULATION A BUSINESSES THE CONFIDENCE TO INVEST AND THAT MEANS MORE INNOVATION AND HIGHER WORKER PRODUCTIVITY WHICH MEANS MORE JOBS ARE CREATED AND WORKERS HAVE PAID MORE BECAUSE THE PRODUCING MORE. THE LATEST JOB SUPPORT FOR 154,000 JOBS BACK IN JULY BRINGING THE LABOR FORCE TO 163.4 MILLION, RECORD HIGH. PRESIDENT TRUMP WE GOT LOWEST ON A PERMIT IN 50 YEARS THE MOST ON RECORD FOR AFRICAN-AMERICAN AND HISPANIC WORKERS AND JUST PUBLISHED THE LOWEST SUMMER USE OF EMPLOYMENT FOR 53 YEARS. THE LOWEST SINCE 1966. ON WORKER’S PAY, NEW DATA SHOWED EARNINGS ROSE 4.5% IN 2017 AND 5% IN 2018, EVEN HIGHER THAN PREVIOUSLY REPORTED IN FILES AHEAD OF INFLATION. WHILE THE TRUMP HATERS PRAY FOR A RECESSION AND WALL STREET PLAYS AROUND WITH THE FAKE ECONOMY THE REAL ECONOMY IS BOOMING. IS EVERYTHING FINE AND DANDY WITH NOTHING TO WORRY ABOUT? CAN PRESIDENT TRUMP AND HIS TEAM RIGHT THE WAVE TO HIS ELECTION NEXT YEAR CONNECT NO, NOT AT ALL. THE REST OF THE WORLD IS DOING POORLY. CHINA, GERMANY, UK, ECONOMIES ARE ALL HEADING IN THE WRONG DIRECTION. WHAT SHOULD PRESIDENT TRUMP DO TO KEEP OUR ECONOMY MOVING AHEAD AND IT’S NO USE YELLING AT THE FED BECAUSE THEY’RE IN IT FOR WHAT THEY CAN DO BUT THERE ARE TWO BIG THINGS THE PRESIDENT CAN DO ON HIS OWN INITIATIVE. FIRST, SOMETHING WE TOLD YOU ABOUT IN JUNE, POSITIVE AND PRACTICAL IDEA. STEVE: INDEXING CAPITAL GAIN FOR INFLATION.>>ABSOLUTELY. THE LONGER WE PAY TAXES ON INFLATION. GET RID OF THE TAX ON INFLATION AND YOU WILL SEE TRILLIONS OF DOLLARS REDEPLOYED TO HIGHEST AND BEST USE AND PEOPLE HAVE OPPORTUNITIES TO DO SOMETHING WITH CAPITAL THAT’S BEEN LIBERATED. STEVE: SECONDS BIG IDEA IS ON TRADE IN CHINA. I’VE BEEN AS TOUGH AS ANYONE ON CHINA AND AS YOU KNOW, I COMPLETELY SUPPORT BUT THE PRESIDENT HAS BEEN DOING. HE’S A FIRST WESTERN LEADER IN 50 YEARS TO STAND UP TO CHINA AND IT IS WORKING. MORE ON THAT NEXT WEEK. BUT THERE’S NOTHING WRONG WITH THAT TACTICAL PAUSE TO GET THE BEST POSSIBLE ECONOMIC CLIMATE IN THE REELECTION CAMPAIGN. MAKE A DEAL NOW AND HIT THEM HARD AFTER THE ELECTION. HERE’S THE BOTTOM LINE. TRUMP ECONOMY IS FUNDAMENTALLY STRONG AND DELIVERING GOOD JOBS AND HIGHER EARNINGS FOR WORKING AMERICANS WHO SUFFERED IN THE YEARS OF STAGNATION. BUT THE THREAT TO THE ECONOMY COMES FROM THE LOONY LEFT ECONOMIC POLICIES WHICH WOULD SCARE OFF INVESTMENT AND BRING BACK STAGNATION. THE PRESIDENT AND HIS TEAM SHOULD TAKE THE INITIATIVE TO

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100 thoughts on “Steve Says: While Trump haters pray for a recession, the real economy is booming”

  • Weapons sales at all time high. Mass shootings at an all time high. Same with suicides and murders. Pollution and global warming at an all time high as well. Same with national debt. What are the big, empty soul sucking numbers really measuring?

  • Thomas McDonald says:

    The Trump derangement syndrome is after the economy. The powerful top Democrats are pushing for a recession and if they could they would create one. I fear they are planning some type of manipulation. They know they need to break the economy in order to gain power and then control the people.
    Thank God the tax cuts were done or we would be in a recession again. The Fed was very aggressive raising rates while many other countries have been bottoming. These other countries and the rise in interest really put a hurt on the economy. I can only imagine how the economy would have boomed if interest rates were left alone.
    We should also be aware the interest rates affect the national deficit. The added interest ruined the boom in added tax revenue. The deficit growth would have showed a slowing if not for the interest rate rise.

  • Everyone knows the elite globalist (the 1%; Bilderberg group, Trilateral commission, UN etc.) have a one world government agenda. Total control of the masses, that is the 20% allowed to live to be their slaves. That is why the hollywood elite want it. They believe they will be on the top of the pyramid. LOL. Such fools. Trump put a cramp in their plans. They won't stop. They've been working toward this for 100 years or more. They are ruthless. They've started wars where millions died and they supported both sides. Evil incarnate.

  • BUSH WAS A RECESSION OBAMA WAS A RECESSION FANNY MAE FREDDY MACK AND BANK OF AMERICA AND GOLDMAN SACS BAIL OUT AND THE AMERICAN PEOPLE LEFT WITH THE BILL, SO WHAT IF THE ECONOMY SLOWS A HAIR WE CANT KEEP SPIKING ,TRUMP IS DOING A GREAT JOB

  • Political Foolishness says:

    Wall Street is the root cause of most of the things that hold working people back and the root cause of most of the wars.

  • Emeka Eric Adonis says:

    Republicans are too naive and irritating. Here the liberals are praying and wishing for recession. A situation that will make Americans loose jobs and bring untold hardship and suffering to the American people. Yet,Republicans are responding to these evil minded demons that hates America and Americans with passion as if the recession they wish for is normal. This democrats hates America and are traitors. I wonder why Republicans politicians are too naive and afraid to confront their democrats counterparts head on and portray them to the American people for the monster they are. If Republicans are the ones wishing for recession hell would've let loose. The naivety of Republicans politicians is irritating and annoying.

  • Gregory Thoman says:

    No one wants,a recession but saying the economy is not heading towards a recession is ridiculous. Trump's policies are destroying this economy.

  • Camilo Rodriguez says:

    Money is power, mr president has a lot of money. String pulling, making plays with known outcomes. Smart duuudeee

  • Camilo Rodriguez says:

    Money is power, mr president has a lot of money. String pulling, making plays with known outcomes. Smart duuudeee

  • Best way to create a recession….. Just tell everybody were heading towards one. But the fact is were skyrocketing into the greatest economy we have ever seen.

  • sandra wilkinson says:

    In a recession the middle class and lower middle class suffer – it is not a laughing matter. These uber wealthy TV personalities do not depend on every paycheck for their living expenses. Stop these ugly fools! We have a GREAT economy – why would anyone want people to suffer??

  • All these MSM ppl should just put a gun to their own heads and pull the trigger since they feel like things are so bad and they would rather a recession over MAGA!!! Sick ppl

  • With the threat of recession, most sane citizens are going to vote for Trump. The Public wants someone that can deal with a distressing financial situation. More Social Justice and it's racist elements are no answer for an economic downturn.

  • People who pray for a recession..or other economic disaster…IS A HORRIBLE TREASONOUS DISGUSTING THING TO DO….AND THOSE "CARING" LIBERALS ARE HOPING FOR THE WORST TO HAPPEN TO…THE LEAST! YES_THEY MADE EFFORTS TO CAUSE CRISIS!

  • What i hope is that those jerk left wing media will drop dead because im sick & tired of them who just doesn’t care about us American people but there hate of President Trump.

  • Same ol' song and dance. The economy was great in 91 until Clinton started "it's the economy stupid"and scared us right into a Recession. The Democrats won the House and the White House, Then we did have a recession. We have one Everytime they win the House, so don't let them call it the Trump Recession, call it the Dem's Recession.

  • Economy is booming, suicide and drug overdoses is booming too. We'll go hug our money bag while OD'ing; the real American dream.

  • I always thought it sounded like pre -planned manipulation of the markets and all those with TDS willing to cut off their noses and causing their fellow citizens harm just to show Pres.Trump their middle finger . If people are frightened into losing their confidence and not spending then it goes to show how easy it is to make a fake downturn .

  • No one is praying for a recession.

    And expecting a recession soon does not make economists into "fake" economists. They have valid data and arguments for it as much as economists who expect a stable economy.

    At the end of the day no one knows what will happen to the economy. But what we do know is that the economy never goes up in a straight line, there are always it's contractions. It's been 11 years since the great recession, it's not hard to see that a recession is coming soon. Especially when the yield rate seems to be inverting.

    But when will we have a recession? No one knows

  • Ask a trucker how good the economy is .Freight rates have gone down the tube coz of his trade war .i have been in the business for a while but have never seen anything like this .He’s ruining the farming business.There is nothing great about the economy right now

  • Trump sponged off his father, and filed bankruptcy six times. Trump bankrupts America by increasing the deficit to give tax breaks to the rich.

  • Chinese communism is a real and present, in this moment, threat to the free world. don't give them a moment to breathe. If not for Trump, they might very well had succeeded. America created the Chinese economy, and it was the most idiotic and treasonous thing we ever did.

  • These wealthy people are hopeing for their own down fall JUST BECAUSE MR
    TRUMP IS IN POWER WHAT A FOCKING SHAME BUT OUR PRESIDENT IS AN EXTREM WINNER
    TRUMP 2020 MEGA

  • Russ Gallagher says:

    M-S-L-S-D guy says "…threat [sic] of recession is real…" Yeah, and there's always the possibility that you'll be struck dead by lightning, too! How big is this "threat" and what are its ostensible causes? There are always "dark clouds" somewhere but show me evidence that they're heading in our direction. Until then STFU!

  • Problem with democracy and free speech in America. Whoever have more money can use the media to spread their messages regardless of whether they are true or false.

  • popweaselcrunch says:

    No ones praying for a recession, its called being cautious. Do we need another bubble burst? The Trump admin got rid of laws protecting the everyday citizens. Allowing banks and investors to once again make risky moves with our money.

  • Trump can't live off of the fumes from the Obama economy forever. At some point the consequences of his policies will start to take effect. Then we'll see.

  • Who the Hell roots for the failure of this country just because they don't like someone? Do they really think they will be able to replicate what Trump has done? these people are delusional.

  • Dothemathemathics says:

    I wish Trump luck. Trump doubling down on trickle down. Sure the doubling of the national debt rate is not scary at all.
    FY 2018 – $1.217 trillion. Trump

    FY 2017 – $672 billion. Obama

  • All lies!! Im a trucker and see the difference. Winter is coming tariffs are killing us and trump is not a negotiator china will eat him alive

  • Russia Collusion (Cheater) Obstruction (Manipulator) Stormy Daniels (womanizer) Racism (Hater) Recession (Biz Failure)= Haters Dog Whistles to tbeir base. Trump's exposing mass corruption & hypocrisy

  • Liberal-socialist- progressives , and their fake news media buddies, are fuelling recession fears with blatant lies about the economy doing badly.

  • Trump began taking credit for the Obama Economy the moment he was sworn in but now that large employers are beginning to lay people off and it looks like a recession is setting in Trump alternates between total denial by saying the American economy is the strongest it's ever been yet at the same time says the Fed needs to lower interest rates and congress needs to lower payroll taxes to prevent a recession. Didn't Trump and Republicans promise voters that giving yet another huge tax cut to the richest 1% that increased the National Debt $ trillions of dollars would "trickle down" and create millions of good paying jobs and increase wages? What happened and how stupid do white middle class voters need to be to keep falling for that lie? Kind of like when Trump started the trade war with China by imposing tariffs saying "a trade war with China will be easy to win" but now our paranoid schizophrenic mentally deranged president denies he started a trade war with China.

  • Sure, but why did the U.S. Manufacturing Purchasing Managers Index (PMI)
    drop below 50% now? It was never that low since 2009 (remember, those were the Obama year, everybody was complaining about anemic recovery).

  • Go back home you British ingrate. It's always about making the rich more rich and somehow the rest of us will benefit. That's joke and it's always been a joke.

  • Gregory Altarac says:

    Oh yeah bunch of Rich Democrats are just hoping to lose a ton of money in the stock market and around the world due to a recession…haha this guy is a political pundit and a moron

  • We went to the mall in a bout of nostalgia and it looked like Christmas. I have NEVER seen that many people at this mall since we've live here.

  • Simple way to cast your vote: if you believe the economy is doing well, invest in the Stock Market; if you think we're headed into recession, invest in Treasury Notes.

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