Palmer Report: Donald Trump’s economy is a disaster

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“President” Donald Trump repeatedly talks about the great economy and how hot and on fire it is. During his 2016 campaign, he derided Obama’s GDP growth as being anemic and terrible, promising that the growth would exceed 3% a year when he became president. Well, turns out, the “Greatest Negotiator of All Time” (“GNAT”) and the “Art of the Deal” man is not so great after all.



In late February, the Commerce Department’s Bureau of Economic Analysis reported that the 2018 growth was 2.9%, matching Obama’s peak year of 2015. Some economists have predicted that 2.9% will be the peak for Trump in his first term. On Wednesday, the news of a stagnating economy continued. Federal Reserve Chairman Jerome Powell had promised several rate hikes in 2019, causing him to be in the cross hairs of Trump’s proverbial venom when he did so. On Wednesday, Powell promised there would be no more rate hikes and noted the economic growth rate will be 2.1%. They have reduced the economic growth forecasts through 2021 to less than 2%.




These grim economic forecasts throw Trump and the GOP’s assertions about how the trillion-dollar tax cut would stimulate the economy onto the trash heap. In addition to the revised forecasts and less than stellar growth predicted, Trump has been feverishly trying to get GM to reverse its decision announced last year to close its plant in Lordstown, Ohio, blaming that on a local union leader.


What Donald Trump and his administration fail to understand, apparently, is that his tariff positions have done harm to not only farmers, but to the automobile industry. This comes at the same time that reports from Politico and elsewhere describe an undisclosed report that Trump has that would justify significant tariffs on automobile imports, which would again hit the auto industry hard. Trump once again shows that he and the GOP stomp like elephants but their business approach stings like a GNAT. Winning, Trump style.

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“Russian Intelligence services” – Google News: After mosque attacks, NZealand quickly bans assault weapons – FOX 45 NOW

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After mosque attacks, NZealand quickly bans assault weapons  FOX 45 NOW

Prime Minister Jacinda Ardern announced an immediate ban Thursday on semi-automatic and automatic weapons like the ones used in the attacks on two …

“Russian Intelligence services” – Google News


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“Russian Intelligence services” – Google News: Hamas In Egypt – Analysis – Eurasia Review

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Hamas In Egypt – Analysis  Eurasia Review

By Giancarlo Elia Valori. The issue of Sinai and its jihad is increasingly important, also considering Hezbollah’s new strategy in Southern Lebanon, as well as …

“Russian Intelligence services” – Google News


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“trump authoritarianism” – Google News: Dangers of Growing Support for Court-Packing – Volokh Conspiracy – Reason

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Dangers of Growing Support for Court-Packing – Volokh Conspiracy  Reason

There is growing support for packing the Supreme Court among liberal Democrats, including some presidential candidates. It’s a terrible idea that would.

“trump authoritarianism” – Google News


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“Emails Investigation Reopening” – Google News: Study: Drinking Tea That’s Too Hot Can Cause Cancer – The Daily Beast

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Study: Drinking Tea That’s Too Hot Can Cause Cancer  The Daily Beast

Scientists tracked the habits of more than 50000 tea drinkers and found a higher risk among those who preferred the drink hot.

“Emails Investigation Reopening” – Google News


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“trump russia ties” – Google News: Probe will ask if Trump is under the influence of ‘foreign powers’ – Independent.ie

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Probe will ask if Trump is under the influence of ‘foreign powers’  Independent.ie

The House Intelligence Committee will shift its focus into probing whether US President Donald Trump or any of his associates are under the influence of foreign …

“trump russia ties” – Google News


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Palmer Report: Donald Trump has no one to blame but himself for his latest humiliating failure

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Whether “President” Donald Trump knows it or not, our economy is suffering under his “leadership,” which consists of bullying tactics and hurling insults. Not a good way to get people to work with you. In the case of the GM plant in Lordstown, Ohio, Trump has been bullying UAW leader David Green while simultaneously begging CEO Mary Barra to keep the plant open. He attacks the one he sees as the weaker of the two.

Never mind that David Green wrote two letters to Trump last year, seeking his help on the impending closing, to which Trump never responded. One can only wonder where he’s been since GM made the announcement in November 2018. The reason Trump is livid about the Lordstown plant is his (fake) campaign promise to increase manufacturing jobs. He then took office and imposed the very thing that hurts manufacturing: tariffs.

In all fairness, the Lordstown plant primarily manufactured the Chevrolet Cruze, which was no longer of interest to car buyers, and GM decided to stop production and streamline its facilities to assist with overall profitability. As reported by Vox, part of this plan included closing four U.S. Plants (two in Ohio, one in Michigan, and one in Maryland) and one Canadian plant and cutting its workforce by 15%.


Not only was Trump made aware of this by David Green, GM announced last fall that it was offering voluntary buyouts to 18,000 salaried workers to cut costs and that the “tariffs under the Trump administration could lead to a ‘smaller’ GM,” Vox reports. Has Trump not been paying attention? Of course he hasn’t. He’s too busy waging war against his perceived enemies. Now, it’s a crisis for him. As a wise man once said, “Be careful where you point your finger; you’re pointing two back at yourself.” Too bad Trump doesn’t know that.



As Vox points out, Trump’s trade policies didn’t help. His tariffs are getting the better of the very jobs he claimed to protect. Now it’s someone else’s fault. To try to save his shrinking base in that area (which has decreased by 19% according to USA Today), he traveled there, as if his presence is going to make a difference. GM isn’t the problem; Trump is.




As Politico points out, Trump doesn’t understand the global economy any more than he understands the U.S. economy, and the auto industry is very much a global industry. With auto makers building cars in the U.S. using foreign parts, and foreign manufacturers using U.S. parts, they all depend on each other. President Obama understood that nuance, and his policies increased investment, which Trump is single-handedly destroying.


Donald Trump has seemingly never understood that tariffs are in essence an additional tax on U.S. citizens. Read a detailed analysis of tariffs by the Tax Foundation here. One can only assume that in addition to closing plants, he hasn’t noticed all of the retail businesses that are closing and leaving untold numbers of people unemployed. Yep. Trump is “making America great again” one bankruptcy or closing at a time. And the auto manufacturers are still moving operations to Mexico. Thanks, “President” Trump.

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“trump in financial times” – Google News: Equities mixed as US-China worries offset dovish Fed – Financial Times

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Equities mixed as US-China worries offset dovish Fed  Financial Times

Equities were mixed in early Asia-Pacific trading on Thursday, as investors weighed worries over the US-China trade dispute against a dovish take on rate rises …

“trump in financial times” – Google News


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Trump News TV from Michael_Novakhov (11 sites): PBSNewsHour’s YouTube Videos: Preet Bharara on how Trump is eroding faith in law enforcement

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From: PBSNewsHour
Duration: 07:40

President Trump often expresses disdain for law enforcement agencies investigating him. The Southern District of New York has attracted particular ire, with Trump firing the U.S. attorney heading it in 2017. Judy Woodruff talks to that U.S. attorney, Preet Bharara, about his new book, “Doing Justice,” how the justice system was intended to work and whether its credibility is being jeopardized.

Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
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Trump News TV from Michael_Novakhov (11 sites)


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“2016 Presidential Election Investigation” – Google News: As Washington awaits Mueller’s report, here’s what we know about the investigation – The Fayetteville Observer

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As Washington awaits Mueller’s report, here’s what we know about the investigation  The Fayetteville Observer

WASHINGTON — Special counsel Robert S. Mueller III appears close to turning in his final report after a historic investigation that initially sought to determine if …

“2016 Presidential Election Investigation” – Google News


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Palmer Report: Hope Hicks just sold Donald Trump out

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Yesterday, the Republicans on the House Judiciary Committee tried to create the false appearance that almost no one in Donald Trump’s orbit was cooperating with the committee’s recent document requests, presumably in the hope of giving Trump’s associates the confidence to refuse to cooperate. But last night it was revealed that this was false, and that plenty of people were in fact cooperating. Now we’re getting names, including a big one.



Donald Trump’s former White House Communications Director Hope Hicks is turning over Trump-related documents to the House Judiciary Committee, according to a new report this evening from CNN. Why does this matter? First, Hicks is selling Trump out by complying with the document request, as opposed to trying to stand her ground and fight what would have been an inevitable subpoena. But there’s more to it than that.




Second, House Judiciary Committee Chairman Jerry Nadler has already publicly made clear that this initial round of document requests is only seeking the same documents that Robert Mueller other investigators have already requested. Hope Hicks decision to turn over documents to the committee tells us that Mueller has already asked her for the same documents, and that she’s already complied with that request. She wouldn’t give these documents to Congress if she refused to give them to Mueller, because Congress would just give them to Mueller anyway.


So now we know that Hope Hicks has sold out Donald Trump to the House Democrats and to Robert Mueller. She’s not the only one. Nadler confirmed earlier this week that Steve Bannon gave thousands of documents to the committee, which means he must have previously given thousands of documents to Mueller as well. It’s starting to become clear who wants to survive this legally, and who wants to go to prison with Trump.

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“organized crime and intelligence” – Google News: What it takes to open a safe deposit box in Kenya – The Star, Kenya

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What it takes to open a safe deposit box in Kenya  The Star, Kenya

One may place any cash that is rightfully and lawfully theirs in a safe deposit box.

“organized crime and intelligence” – Google News


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“Putin Trump” – Google News: Editorial: Trump buddy Putin takes a chilling step toward more complete state censorship – Boulder Daily Camera

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Editorial: Trump buddy Putin takes a chilling step toward more complete state censorship  Boulder Daily Camera

Russia just stepped closer to information authoritarianism. All who value the free exchange of ideas should fear what this portends.

“Putin Trump” – Google News


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“organized crime and intelligence” – Google News: Attorneys tangle over Haywood’s phone data – Duluth News Tribune

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Attorneys tangle over Haywood’s phone data  Duluth News Tribune

On Feb. 16, 2017, less than two days after University of Minnesota Duluth student William Grahek was killed during a botched robbery at his home, a Google …

“organized crime and intelligence” – Google News


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“trump criminal investigation” – Google News: Next on House Democrats’ Target List: Documents From Rudy Giuliani, Rex Tillerson, Gary Cohn – The Wall Street Journal

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Next on House Democrats’ Target List: Documents From Rudy Giuliani, Rex Tillerson, Gary Cohn  The Wall Street Journal

The House Judiciary Committee is eyeing additional document requests to associates of President Trump, including Trump lawyer Rudy Giuliani and a former …

“trump criminal investigation” – Google News


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“michael flynn” – Google News: Next on House Democrats’ Target List: Documents From Rudy Giuliani, Rex Tillerson, Gary Cohn – The Wall Street Journal

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Next on House Democrats’ Target List: Documents From Rudy Giuliani, Rex Tillerson, Gary Cohn  The Wall Street Journal

The House Judiciary Committee is eyeing additional document requests to associates of President Trump, including Trump lawyer Rudy Giuliani and a former …

“michael flynn” – Google News


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“Putin and the Mob” – Google News: Rouhani calls on Iran’s political factions to end infighting, unite against enemies – Yahoo News

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Rouhani calls on Iran’s political factions to end infighting, unite against enemies  Yahoo News

GENEVA (Reuters) – Iranian President Hassan Rouhani called on the country’s political factions to end infighting and unite against foreign enemies in a new …

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“michael flynn” – Google News: Greenwich’s Hope Hicks to cooperate with House Judiciary Committee document request – Danbury News Times

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Greenwich’s Hope Hicks to cooperate with House Judiciary Committee document request  Danbury News Times

WASHINGTON — Greenwich native Hope Hicks has agreed to cooperate with the House Judiciary Committee’s wide-ranging probe of alleged misconduct in …

“michael flynn” – Google News


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“Trump and Russia” – Google News: CNN Poll: Support for impeachment falls among Democrats – CNN

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CNN Poll: Support for impeachment falls among Democrats  CNN

Support for impeaching President Donald Trump has fallen 7 points since December, a CNN Poll conducted by SSRS finds, following Speaker of the House …

“Trump and Russia” – Google News


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“Trump and Russia” – Google News: Former Trump confidante Hope Hicks to cooperate with House Democratic probe into Trump – CNN

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Former Trump confidante Hope Hicks to cooperate with House Democratic probe into Trump  CNN

Hope Hicks, the former White House communications director and long-time confidante of President Donald Trump, plans to turn over documents to the House …

“Trump and Russia” – Google News


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“trump and russia” – Google News: Former Trump confidante Hope Hicks to cooperate with House Democratic probe into Trump – CNN

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Former Trump confidante Hope Hicks to cooperate with House Democratic probe into Trump  CNN

Hope Hicks, the former White House communications director and long-time confidante of President Donald Trump, plans to turn over documents to the House …

“trump and russia” – Google News


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“2016 elections and mental health” – Google News: Fact Check: Did the NSW Coalition cut $20 million from domestic violence shelters? – ABC News

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Fact Check: Did the NSW Coalition cut $20 million from domestic violence shelters?  ABC News

Funding for specialist domestic violence shelters in NSW has changed in recent years, and has been blamed for negatively affecting services. But has funding …

“2016 elections and mental health” – Google News


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“trump investigated by the fbi” – Google News: Former Trump confidante Hope Hicks to cooperate with House Democratic probe into Trump – CNN

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Former Trump confidante Hope Hicks to cooperate with House Democratic probe into Trump  CNN

Hope Hicks, the former White House communications director and long-time confidante of President Donald Trump, plans to turn over documents to the House …

“trump investigated by the fbi” – Google News


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