President Trump, brain genius. Photo: Spencer Platt/Getty Images Last night, President Trump made an attempt to reassure the public on the state of the economy. It was not very reassuring. His answer implied that, however low your assessment of his grasp of the economy beforehand — and mine was already extremely low — the president knows even less than anybody thought possible.Well, look, we were set to hit 30,000 on the Dow. This is a number that nobody even came close to.
“And already we have the number. And even though it’s down 10 or 11 percent, it’s still the highest it’s ever been, by far.” “At the same time, I have to say, people are now staying in the United States, spending their money in the U.S. — and I like that. People are now staying in the United States, spending their money in the U.S., and I like that. I’ve been after that for a long time.”
One problem is that tourism works two ways. Americans spend money overseas, but people also come here. In fact the United States draws more spending from tourists coming here than it spends on sending tourists overseas. So just on its own, shutting down international travel is not going to “make” money for the U.S. economy, it will cost money.
What are you talking about?
Hmm, less travel, right. Tell that to all the airlines workers that will be laid off. Ditto for car rental company workers. Ditto for hotel workers. Etc...
Instead of being so ELITE , why not try to understand the context of what he is saying here and how people without the bias you embody get what he means and find no issue with it?