Trump Proclaims Himself the "Chosen One" to Take on China

-edited

"I am the chosen one" says president Trump.

U.S. President Donald Trump said on Wednesday his life would be easier if he had not mounted a trade war with China but said “I am the chosen one” to take on Beijing.

Chosen One Considers Options to Spur Economy

Yesterday, the chosen one said he was Considering Options to Spur the Economy.

Executive Order

Bloomberg reported Trump Says He Can Order Capital Gains Tax Break Without Congress.

President Donald Trump said he can cut taxes by indexing capital gains to inflation without congressional approval, a move the White House has been considering for months that would largely benefit the wealthy.

“We’ve been talking about indexing for a long time,” Trump told reporters at the White House on Tuesday. “And many people like indexing and it could be done very simply. It could be done directly by me.”

This was despite the fact the "economy is very strong"

Chosen One Reverses Course

Today, the Wall Street Journal reports In Reversal, Trump Says He Is No Longer Considering Tax Cuts

“I’m not looking at a tax cut now,” Mr. Trump said in comments to reporters on the South Lawn of the White House. “We don’t need it. We have a strong economy.”

Full Circle in a Day

Well, that took all of one day to go full circle.

Economy So Strong That

The economy is so strong that Trump continually heaps more pressure on Powell to cut rates.

Doing Great With China

Please note that the US is "Doing great with China and other trade deals".

We have been doing "great" with China on and off for at least a year. Today, I see things are "great" again. How refreshing.

What else?

Things are going so well with Japan that it will now take huge tariff cuts by Japan just for the US to break even with where we could have been relative to Australia and Canada.

For details, please see Another Trump Trade Fiasco, This Time With Japan.

Doing great with China is of course expected.

After all, Trump is the chosen one. And the chosen one has spoken.

Mike "Mish" Shedlock

Comments (34)
No. 1-15
ChosenOneMr.T
ChosenOneMr.T

It's getting insane... not fun anymore...

L.Ron.Hoover
L.Ron.Hoover

He is indeed The Chosen One. Voters (arguably) chose him. They chose transparent, vulgar, incompetent, insane evil over cold, calculating, competent discreet evil.

While their choice certainly has advanced the doomsday clock (to the delight of some), I think it’s been damn entertaining…. majestic in its sweeping, ignorant, pants-on-your-head stupidity. It has made what was once the greatest country in the world into a circus that mimics the entertainment that comes out of hollywood… lots of shouting, some shooting, but no sex. It's fun to watch, if you don't have kids.

All hail The Chosen One!

Blurtman
Blurtman

Give us Barrabas!

Aaaal
Aaaal

Turn the handle! Let's see what Trump-in-the-box blurts out this time?

Bam_Man
Bam_Man

Stop the World, I Want to Get Off!