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Trump perfectly trolled with Obama’s stock market success after president warns of crash without him

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Reporting on one of Donald Trump’s Saturday tweets — where the president darkly warned that the stock market would collapse if he is not re-elected — a financial reporter for Bloomberg slyly pointed out that Trump financial successes since he became president are “middling” — and that his predecessor was more successful.

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According to Bloomberg’s Roz Krasny, “President Donald Trump, gearing up for the official start of his 2020 campaign, warned that the U.S. would face an epic stock market crash if he’s not re-elected,” noting his tweet stated, “The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which has not been seen before! KEEP AMERICA GREAT.”

Pointing out that Trump has tried to scapegoat the Fed over interest rates for keeping the market from booming, Krasny noted how the markets are doing under the Republican president who has roiled markets with his trade wars.

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Doing so, she noted that former President Barack Obama — and Bill Clinton for that matter — had a better track record.

“Research by Macrotrends shows the Dow Jones Industrial Average’s performance so far in Trump’s term has been middling compared with his predecessors, and trails the gains made under Democrats Barack Obama and Bill Clinton,” she wrote before adding. “It’s a touch above the gains logged under Republicans Ronald Reagan and George H. W. Bush; George W. Bush had presided over a losing market at this point in his first term.”

You can read more of her analysis here (subscription required).

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Never-before-seen tax docs show Trump’s businesses made themselves seem more profitable to lenders and less profitable to tax officials

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Documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax.

For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.

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‘Make it a twofer’: Trump brutally mocked after claiming ‘rumor has it’ CNN’s president will resign ‘momentarily’

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President Donald Trump unleashed his second attack on the media over the course of less than 24 hours, this time attacking his top news target, CNN, as "a virtual fraud." The president also claimed "rumor has it" CNN's president, Jeff Zucker, "will be resigining momentarily?" (The typo is Mr. Trump's.)

Now that we have found out that @CNN is a virtual fraud, rumor has it that Jeff Zucker will be resigining momentarily?

— Donald J. Trump (@realDonaldTrump) October 15, 2019

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Trump and the end of the American myth of meritocracy

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The following is chock-a-block with spoilers for "Succession" Season 2, including the finale, so proceed with caution.For understandable reasons, the internet is all a-chatter about the final scenes of Season 2 of "Succession." On Sunday's finale, Kendall Roy (Jeremy Strong), who spent most of this season looking like a whipped puppy, finally stuck it to his old man, Logan Roy (Brian Cox), throwing the patriarch under the bus during a live press conference, during which Kendall was supposed to offer himself up as the fall guy for Waystar Royco's criminal behavior. It was a moment of Kendall showing spine and competence, and understandably, audiences cheered him on.
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