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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.

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

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“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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A whopping 14 percent of new US COVID-19 cases are coming from Texas

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With the daily number of new coronavirus infections in Texas now exceeding that of most other states, experts say Texas has become a hot spot of the global pandemic and that more aggressive measures are needed to slow the virus’ spread.

Texas’ new confirmed cases of the coronavirus now make up around 14% of the U.S. total — measured by a seven-day average — a significantly higher proportion than its 9% share of the nation’s population. Since July 1, the U.S. has reported 358,027 new infections. Of those, 50,599 were in Texas.

On Tuesday, the Texas Department of State Health Services reported more than 10,000 new cases — representing nearly 20% of the nation’s new cases for the day. It could be a “catch-up” from the July 4 holiday, DSHS spokesman Chris Van Deusen said, noting that numbers reported Sunday and Monday were lower.

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Devastating new ad uses Ronald Reagan’s words against Trump to stunning effect

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The Lincoln Project is not the only right-wing group that has been creating attack ads slamming President Donald Trump. Another is Republican Voters Against Trump, which uses the words of President Ronald Reagan in its latest video to illustrate Trump’s failures as president.

In the ad — which lasts one minute and 40 seconds — RVAT contrast Reagan’s words with images of the U.S. during the Trump era. The message is not subtle: Under Trump, the United States is a long way from Reagan’s vision for the country.

The ad isn’t aimed at liberals and progressives, many of whom would argue that Reagan’s economic policies were bad for the American working class during the 1980s. It asks Republicans: “Has your party left you?”

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The sheep-like loyalty of Trump supporters is starting to backfire

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Donald Trump thinks his voters are morons. This universal truth was once again demonstrated this week by a Facebook ad working Trump’s new statue-oriented campaign strategy. The ad declared, “WE WILL PROTECT THIS” and featured a photo of … no, not some racist-loser Confederate general astride a horse but “Cristo Redentor,” the famous statue of Jesus Christ that sits atop Mount Corcovado in Rio de Janeiro, which, for those keeping track, is not in the United States but in Brazil, a sovereign nation in a different continent.

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