I don't understand why The Daily News would print a statement declaring the president of the United States as mentally unstable or such a negative opinion piece by an obviously prejudiced left wing advocate like David Michael Smith ("Mentally unstable Trump must be stopped," The Daily News, Jan. 27).

He makes a host of anti-Trump statements clearly supportive of the American press reporting, which is 90 percent negative toward the legally elected president of our nation.

President Trump is doing a superb job as reflected by our stock market, which just hit a new record for the 99th time since his election, jobs are up, unemployment benefits applicants are down, we have a great new tax deal, money from companies previously held overseas is flowing back to America as is companies and manufacturing. No other president has ever caused such positive results in their first year in office.

America is not prejudice and neither is this president, as we elected a black president twice and Trump has a long history of employing minorities.

With all of the positive, why dwell on the negative, and I think the prejudice party involved here is Smith who clearly has an anti-Trump agenda. We all have opinions, but the facts refute his statements.

Henry L. Homrighaus Jr.

Texas City

Locations

(47) comments

Ron Shelby

What an ill timed letter to the editor. The market has now crashed more than 1,000 points in one week. Jobs are up but so are wage costs which indicates inflation. The result is that the Fed is now expected to raise rates 4 times to push back against inflation which will slow down home sales. The US Treasury is expected to have to "borrow" another $1 Trillion this year to keep the government's doors open which means issuing more Treasuries which will push intest rates higher. Speaking of home sales, fewer homes (excluding brand new) are being put on the market. Some markets, including Galveston have continued increasing home prices, and therefore taxes (of which less can now be deducted from federal taxes). It's not that rosy and my paycheck hasn't grown at all, and doesn't look like it will this year....and where my 401K value goes is now up in the air as today's market futures already have it opening down another 100 points. Hmmm

PD Hyatt

Much of what you say is true, but the reason we are having to borrow so much is all of the give aways the fools in Washington continue to do.... We spend hundreds of billions if not trillions giving to nations that hate our guts and that needs to stop. We continue to give away billions to people who have crossed our borders illegally and that too needs to stop.... If people would sit down and look at all of the money that our Congress critters waste every year I would hope that the phone is Washington would be ringing off of the wall... We have spent over 20 trillion on welfare, food stamps and other related give away since the mid 60's and it has not done a thing to reduce poverty, as all it has done is increased it.... If our congress critters do not change their ways and they won't as long as so many sit on their hands and do nothing about calling or writing to them they will never change and they will continue to spend our nation into bankruptcy....

Ron Shelby

The reason we have to borrow is our legislators can't work together to generate tax solutions that balance. They still seem to believe that "trickle down" will do it.

Lorna Presswood

The stock market will level and go down some after gaining an unprecedented 8 trillion in value in less than a year. This is normal.

Michael Byrd

DJI up 27% over 12 months and is still up 3% YTD which is approx 35% ARR. This is a normal part of a bull market... it will retreat at times.

Doyle Beard

You need to take a comprehensive view of all things in my opinion.

Ron Shelby

Dow Jones off another 263 pts as I write this at 11:18am cst.

Ron Shelby

Dow Jones now off 400 at 1:08 cst on Monday.

Doyle Beard

1 week is all you looking at , Gee

Carlos Ponce

The market correction was anticipated. Corrections are usually 10% of the DJ average high. This one is only 3.5%.

Carlos Ponce

At closing the stock market closed 4.61% lower far short of the anticipated 10% market correction.

Lorna Presswood

Henry, It's a shame that media doesn't reflect the majority of voters opinion's and chooses to reflect fringe liberal views. Of course being the antagonist sells more papers, causes more comments, and news is all entertainment now. For those that clearly do not have any logic I have included President Trump’s unprecedented achievements as outlined in his State Of The Union Speech:

- Created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone.
- We are now seeing rising wages.
- Unemployment claims have hit a 45-year low.
- African-American unemployment stands at the lowest rate ever recorded
- Hispanic-American unemployment has also reached the lowest levels in history.
- The stock market has smashed one record after another, gaining $8 trillion and more in value in just this short period of time.
-Enacted the biggest tax cuts and reforms in American history.
-Nearly doubled the standard deduction for everyone. Now the first $24,000 earned by a married couple is completely tax-free.
- A typical family of four making $75,000 will see their tax bill reduced by $2,000, slashing their tax bill in half.
- Millions of Americans will have more take-home pay starting in April 2018.
- Eliminated an especially cruel tax that fell mostly on Americans making less than $50,000 a year, forcing them to pay tremendous penalties simply because they couldn't afford government-ordered health plans. The individual mandate is now gone.
- Slashed the business tax rate from 35 percent all the way down to 21 percent, so American companies can compete and win against anyone else anywhere in the world. These changes alone are estimated to increase average family income by more than $4,000.
-Since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses, many of them thousands and thousands of dollars per worker. And it's getting more every month, every week.
-Apple has just announced it plans to invest a total of $350 billion in America and hire another 20,000 workers.
- ExxonMobil announced a $50 billion investment in the United States
- The landmark V.A. Accountability Act. Since its passage, my administration has already removed more than 1,500 V.A. employees who failed to give our veterans the care they deserve, and we are hiring talented people who love our vets as much as we do.
-Have eliminated more regulations in our first year than any administration in the history of our country
- We have ended the war on American energy, and we have ended the war on beautiful clean coal.
- We are now very proudly an exporter of energy to the world.
- In Detroit, I halted government mandates that crippled America's great, beautiful autoworkers so that we can get Motor City revving its engines again. And that's what's happening.
- Chrysler is moving a major plant from Mexico to Michigan
- Toyota and Mazda are opening up a plant in Alabama
- $1.5 trillion for the new infrastructure investment that our country so desperately needs.
- Over the next few weeks congress will vote on our path to citizenship for 1.8 million illegal immigrants who were brought here by their parents at a young age. That covers almost three times more people than the previous administration covered.

Emile Pope

And exactly where is proof of what you write?

Jennifer Lawrence

All people want is balanced news. If you publish an anti President column, please publish a pro president column. Its pretty simple. I believe the large quiet majority of people support Trump, myself included. We need to hear both sides of the story, thank you!

Jim Forsythe

Complaining about enough coverage of Trump, in a pro Trump opinion piece. 
If you want more, send in a column to the GDN.. Lack of coverage is because they did not receive more input from the readers. 
They do not write the letters in the forums, you and I do. If you look at todays  Opinion section, it's more pro Trump, than anti-Trump.

Diane Turski

Trump lost the popular vote, so "most people" are not pro-Trump! There is also a lot of buyer's remorse being expressed by people who gambled on Trump because they did not like Hillary. Most of those "accomplishments" listed are either lies that Trump spews with regularity or they are continuations of the previous administration's economic policies. The tax cut will mostly benefit the wealthy, and will add 1.5 trillion dollars to the U.S. debt. Trump has been successful at being a con(fidence) man. Fortunately, more people are realizing that.

Doyle Beard

as usual off the wall , skewing things.

Jarvis Buckley

Trump lost popular vote because of Ca., NY, Or.,

Carlos Ponce

And among the states which fought against the commission on voter fraud are Ca., NY and Or.

Jim Forsythe

At least 32 states are balked at the Trump administration’s request for voter registration data as part of the  election integrity commission..

Carlos Ponce

Depends on what you mean by "balked". Texas could not provide a breakdown by political party affiliation because we don't register by party in this state. Nor do Texans provide Social Security numbers in voter registry - information requested by the commission. It's not a matter of "balking" or refusing. It's a matter of what information most have and what can be made available.

Jim Forsythe

Because more voted for someone else.

Diane Turski

I guess you need to be reminded that those states are also part of the USA!! There was no voter fraud! Another lie by Trump just like his claim to best inauguration attendance. Hardly!

Doyle Beard

really.you don't know if there was voter fraud

Jarvis Buckley

Diane they are apart of our USA. They are nice places to visit . Most middle class folks however can't afford to live there.✌️

Gary Miller

Diane! CA has the worst homeless problem in the US because few upper income people can afford housing. If Ca was a country it would be the largest Bankrupt country in the world.

Diane Turski

CA actually has the sixth largest economy in the WORLD. So your statement is false. If it were a country, it would still have the sixth largest economy in the WORLD.

Carlos Ponce

Thank you Diane Turski. The California Chamber of Commerce also thanks you.
California does have a high ranking with a 2.4 trillion GDP in 2015 and 2.6 in 2016 but ranked below the entire United States, (20 trillion), China (13 trillion), Japan (5 trillion), Germany (4 trillion), India (2.9 trillion), UK ( 2.8 trillion), and France (2.78 trillion).
https://www.focus-economics.com/blog/the-largest-economies-in-the-world
"In a separate set of rankings, the California Legislative Analyst’s Office, adjusting for the state’s high cost of living, reported in 2016 that the state’s GDP ranking dropped to 11th in the world. That placed it just below France and just above Mexico."
http://www.politifact.com/california/statements/2017/jun/22/antonio-villaraigosa/does-california-have-6th-largest-economy-world-and/
But 11th in the world isn't that bad, Diane. Perhaps Mexico would be higher if they got their citizens back. [innocent]

Gary Miller

Diane. CA economy is big but it's debt is even bigger and growing faster than it's economy.

Diane Turski

Plenty of middle class folks live in those states. That is a falsehood that their large populations consist of only rich and poor people. Think about that and reconsider spreading that kind of propaganda. Similarly, many middle class folks also live in big cities - many people move to areas where the jobs are instead of staying in one place and then complaining that jobs have left them.

Doyle Beard

he is speaking about the cost of living not wealth. the town fool can understand that.

Diane Turski

Middle class folks are able afford the cost of living or they would not be living there.

Doyle Beard

high wages, high living cost all evens out.

Comment deleted.
Ron Shelby

There's more than economy growth causing it. The anticipated issuance of additional debt forces interest rates up as well. Plus the Federal Reserve is also selling off its holding which will force interest rates up. The market is also hyped in many areas with PEs way above normal, forcing a correction. And a correction is not just a day or two. As of now, the DJIA is down 362. If he takes credit for it going up, he also has to take credit going down. If the corporate money that repatriates is not used to increase production but rather to make wage payouts, or dividend payouts, it will only cause inflation which further hurts the market and forces interest rates up.

Ron Shelby

Like I started this thread. A poor time to write this letter. You’re right: “Numbers Don’t Lie”. The Dow Jones closes down 1,175 points, and at one point 1500 down, the biggest one day drop ever. By definition, a “correction” fixes something that has gone wrong. I think that this is self explanatory.

Carlos Ponce

Percentage wise - it was not that not that big of a drop. Consider this: You are on a trip and after a while discover that your previously full gas tank has dropped 4.61%. Only a fool would panic.

Gary Miller

Ron! The DOW is now down 8.5%. A correction is called 10 %. Corrections of the Stock market are to reset P/E ratios when prices out run earnings by too much. They correct the P/E ratio or too much of a good thing when prices outrun earnings. Treasury has stopped printing the bogus money they had been financing the stock market with. $4.4 trillion in 4 years to falsly support stock earnings. Another Obama policy we need to work off. Proper book keeping would add that $4.4 trillion to the Obama deficits.

Jim Forsythe

The total selloff so far, is from a high of 26308.52 on Wed, Jan 31 9:30 AM to a low of 24,345.75 today.
As today was the largest drop since 2011 it may not be over as a drop like this is usually followed by smaller amount of selloffs for serval days. This may not be the bottom yet.
Some are predicting a drop of 10%, but one man that correctly predicted the 2008-200 selloff predicted a minimum of 15% drop and said a 20% drop is possible. One of the indicators that it is not over.is  the U.S. stock futures Tuesday morning continued Monday's selloff after weak Chinese trade data exacerbated fears over an extended oil rout. S&P 500 futures fell 1.03%, Dow Jones Industrial Average futures declined 0.98%, and Nasdaq futures gained 1.05%.
We are not the only ones, having selloffs.
Global losses pick up steam as European equity markets wade in red and Japan logs biggest fall in more than a year
U.S. stocks faced renewed selling pressure Monday, after suffering their biggest single-session declines in more than a year on Friday.
A global stock selloff was under way Monday, as European stocks opened sharply lower. In Asia, selling was widespread, with Japanese stocks suffering their biggest decline since November 2016

Carlos Ponce

"As today was the largest drop since 2011" This drop was 4.6%. In January 2016 the drop was 5.5%. Did you panic then, Jim?
http://money.cnn.com/2016/02/01/investing/stocks-markets-january-93-percent-lost/index.html

Jim Forsythe

No, because just as this time, I was out of the market.
After the low I waited for a small up turn .
This time it may be trickery , because of the many things that's putting pressure on the economy. If it lingers on, it could turn into a extended bear market, which would not be good.. Hope it is just profit taking.
If you  panic about your investments, you are not invested correctly.

Carlos Ponce

Theoretically it should drop down a bit more but nothing to fret on. Just the market doing its thing.

Gary Miller

Jim? The total selloff so far, is from a high of 26308.52 on Wed, Jan 31 9:30 AM to a low of 24,345.75 today. Today Feb. 7, 2:37 EST, DOW is back up to 25,081. It could drop again but only losers are the sellers.

Bill Cochrane

Close to a 10% drop is considered serious. This not serious.
It's called taking a profit.

Jim Forsythe

Bill, the Dow is down 9.13 percent over three days of trading.

Carlos Ponce

Jim, I don't know where you got that 9.13% drop over 3 days. CNN reports a 6.9% drop over 3 days of trading, 7.92% drop for 5 days. For the past month a 3.76% drop.
http://money.cnn.com/data/markets/dow/

Gary Miller

Jim! As of closing Monday it is down 8.5 %. Investors bought 900 points in late trading.

Carlos Ponce

Jim, is THIS your source?
"Dow drops 1,147 points over three trading days. Is that a 'crash'?
The Dow has lost 9.13 percent of its value over three days of trading. It's bad, but investors have seen much worse in previous sell-offs. Still, 'crash' versus 'correction' is a matter of debate.
By Ron Scherer, Staff writer August 8, 2011"
https://www.csmonitor.com/USA/2011/0808/Dow-drops-1-147-points-over-three-trading-days.-Is-that-a-crash
or
"the Dow is down 9.13 percent over three days of trading."
http://www.worststockmarketcrashes.com/stock-market-crashes/is-it-a-stock-market-crash-when-the-dow-jones-industrial-average-drops-1147-points-over-three-trading-days/
That was Posted on 9 August 2011.
That was 6 years, 5 months ago.

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