Donald Trump had a much quieter day after yesterday's marathon spew. He started the morning off by renewing his criticism of the Federal Reserve, accusing it of “moving like quicksand” compared to Germany’s central bank, despite insisting the US economy is “strong”, refuting analysts' fears a recession is imminent and backing away from tax cuts. After that, he appeared to take the day off from social media, possibly at the hands of concerned aides, or maybe just after tiring himself out.
The morning's attack follows the president’s address to the American Veterans 75th National Convention in Kentucky on Wednesday evening, where he joked about awarding himself the Medal of Honor and trailed the idea of dumping thousands of captured Isis fighters on Europe.
That speech followed a particularly wild day for Mr Trump in which he retweeted praise from an evangelical broadcaster likening the affection in which he is held by Israeli Jews to “the second coming of God”, referred to himself as “the chosen one” in discussion with reporters and labelled the prime minister of Denmark “nasty” over her refusal to consider selling Greenland to him.
In 2020 news, the Democrats will not be granted a widely-anticipated climate change forum, after a top Joe Biden adviser came out against in at a DNC meeting. In a time with climate change is undeniably one of the country, and planet's, greatest threats, it's a confusing turn from the party in the US that actually acknowledges the existence of the existential threat.
Sarah Huckabee Sanders will take a new job at Fox News. The position has surprised practically no one.
Finally, four more representatives now support beginning impeachment proceedings, bringing the number to 135.
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Displaying signs of creeping authoritarianism and a burgeoning Messiah complex, Trump also spoke of how much the injured citizens of El Paso “loved him” when he visited them in hospital, speculated on serving more than two terms and raised the prospect of amending the constitution by executive order to end birthright citizenship.
Perhaps the most troubling pronouncement of all was this on birthright citizenship...
But his consideration of cutting payroll taxes appeared short-lived.
"I'm not looking at a tax cut now," he told reporters at the White House. "We don't need it. We have a strong economy."
Analysts have warned that a slowdown, if not full-blown recession, could hit before next year's election. Trump, however, has largely praised the economy's performance and his handling of it. He has often blamed the Federal Reserve (and chairman Jerome Powell, his own appointee) and the global slowdown for creating dark clouds at home.
"Jay Powell and the Federal Reserve have totally missed the call. I was right and just about everybody admits that," Trump said on Wednesday. "He raised interest rates too fast, too furious, and we have a normalised rate. And now we have to go the other direction."
Some White House advisers fear Trump has undercut Powell's credibility. They worry that the president's calls for rate cuts and his discussion of indexing or a payroll tax cut could spook, rather than reassure markets.
Trump indicated he had no choice but to impose the trade penalties that have been a drag on US manufacturers, financial markets and, by some measures, American consumers.
"Somebody had to do it," Trump said on the White House lawn. "Somebody had to do it. So, I'm taking on China. I'm taking on China on trade."
China, though, said trade with the US has been "mutually beneficial" and appealed to Washington to "get along with us." A foreign ministry spokesman, Geng Shuang, expressed hope Washington can "meet China halfway" in settling disagreements.
The US economy appears to be showing vulnerabilities after more than 10 years of growth. Factory output has fallen and consumer confidence has waned as he has ramped up his trade fight with China.
Trump rattled the stock and bond markets this month when he announced plans to put a 10 per cent tax on $300bn (£247bn) worth of Chinese imports. The market reaction suggested a recession might be on the horizon and led Trump to delay some of the tariffs that were scheduled to begin in September, though 25 per cent tariffs are already in place for $250m (£206m) in other Chinese goods.
The president has long maintained that the burden of the tariffs is falling solely on China, yet that message was undermined by his statements to reporters Tuesday. "My life would be a lot easier if I didn't take China on," Trump said. "But I like doing it because I have to do it."
The world economy has been slowing in recent months, and recent stock market swings have added to concerns that the US economy is not immune. A survey on Monday showed a big majority of economics expect a downtown to hit by 2021.
Addressing that possibility, Trump focused anew on pressuring the Fed to cut interest rates. Presidents have generally avoided criticising the central bank publicly. Trump, however, has shown no inclination to follow that lead, positioning Powell to take the fall if the economy swoons.
"I think that we actually are set for a tremendous surge of growth, if the Fed would do its job," Trump said. "That's a big if." Trump recommended a minimum cut of a full percentage point in the coming months.
The president's torrent of controversial remarks happened to coincide with the news that the federal budget deficit is expected to balloon to more than $1trn (£823bn) in the next fiscal year under the first projections taking into account the big budget deal that Trump and Congress reached this summer, the Congressional Budget Office reported.
AP
The decision comes after a group of Colorado members tried to stop Trump becoming president in 2016 by uniting behind consensus candidate John Kasich, ignoring the state's popular vote in favour of Hillary Clinton.