Breathless Trump reporting

I admit that I fall for it.

Time and again, a juicy piece of click-bait that invites me to be outraged at the latest Trump tweet, campaign speech and now (sadly) executive order.

From an investor’s perspective you need to be wary though. News media knows that we will click and so will play to our fears – you need to extract the truth from the hype.

The latest example is the anti-abortion bill that Trump signed.

The breathless MSM version is that Trump and his all-white, all-multimillionaire, all-male revue signed an anti-abortion bill that will rip funding from countless worthy causes, creating mayhem worldwide for charities. I fell for it initially – thinking that this would make a huge difference to key charities and health groups.

The real version? Every Republican President since Reagan has instated the policy, every Democrat has rescinded it. It is called the Mexico City Policy.

Let me be clear that I in no way support the executive order. But, any affected charities should have systems in place for dealing with any issues – the charities have spent about half of the last 35 years with this policy in place, and so it shouldn’t be a shock.

So, be warned. It is an investor’s job to sort the truth out from the hyperbole. Unfortunately, you will need to apply this to both sides of the story: Trump’s outlandish statements and the media’s reporting of the dire consequences.

Damien Klassen is Chief Investment Officer at the MB Fund launching in April 2017. Register your interest now (if you haven’t already):

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Comments

    • It’s what a mandate allows. His Mandate was change.

      The current’s liberal party’s mandate was to not be Rudd/Gillard. No one wants their policies

      • A minor quibble. I would suggest that the previous Coalition government under Tony Abbott was elected for that reason. It certainly fulfilled the expectations of being different from Rudd/Gillard.

        Turnbull was arguably elected because he was different from Rudd/Gillard/Abbott.

        Perhaps in the next iteration we might have an election on what an incoming government might stand FOR rather than who they aren’t.

      • rob barrattMEMBER

        “FOR” emess?
        “There will be no mining tax during my administration” (substitute “mining” for any other noun)
        “Not that I can recall” (the f*****g lot of them)

        Another first class ticket Sir/Madame – a pleasure to deal with politicians (and their partners). That’s who it’s FOR…..

  1. My concern was not so much of “It’s back and the damage will be irreversible!”

    It was more that over 35 years a significant proportion of the US elite remain of the same mind despite a better understanding having evolved on this issue (and may others). They do not grow and progress into the future. Casting evolution aside, they stagnate, close their eyes to evidence, and peddle ‘alternate facts’ to ensure their view of the world remains constant.

    How utterly depressing an existence; one that is potentially terminal for our species.

    • I think because we as species are part of the powerful “Nature”. Which seeks balancing the imbalances eventually.
      Our extinction is part of the Nature plan to balance our excessive abuse of it. Look at the fires igniting by itself in the bushes and you’ll see what I mean. It’s part of it….Don’t worry the planet will recover in thousands of years after wiping us out. we are just a line in a million pages story book of a crazy planet

    • I dont think “understanding” on this issue has improved at all because the competing principles are exactly the same and as well understood now as they were 50 years ago. It really depends on your viewpoint as to whether you think increasing liberalisation of abortion is progress. Abortion terminates a human life – there is no serious scientific counter to this emprical fact. Many would argue that given the fetus is clearly human, there are duties on the mother to at least bring the baby to term even where mum did not consent ie the right to life out weighs the right to not be inconvenienced / make career sacrifices / be poorer etc. It seems a persuasive argument to me even if the burden does falls disproportionately on women.

      • You argue from a position of ignorance, squirell, and dump yourself into the same bucket as Trump and the rest of his Troglodyte army. Welcome aboard.

      • yup Geordie, i forgot that anyone who does not fit within the “progressive” agenda are ignorant deplorables … I’d crawl back into my hole (except that we are in power now, tee hee)

      • The fetus (sic) is not clearly human. That is in dispute.

        Last time I looked, abortion is allowed and accessible in Australia, so yes, “we the people” do still have some power here.

        I think that “deplorables” is not as good as the “decent man”, Der Anständige as the Germans would have it as coined by the elites of the Right. A much crueller jibe by the right elites against their own storm troops. Just google it. Tee hee.

      • emess – the only people who think this is in dispute are the ones who throw biological facts out the window when its inconvenient and replace it with some kind of sociological definition of “humanness” manufactured to support their agenda.

      • This is – without exception – the dumbest comment ever on this site.

        You’re right – a rape victim should be forced to bring the foetus to term.

        Let’s call squirell’s view what it is – right wing Evangelical retardedness.

      • Lulz… yeah because abortion is mainly used to terminate pregnancies that occurred via rape…

        IIRC, there’s been around 150,000 million abortions in Australia in the last 35 years…

        How many are to terminate rape induce conceptions?

        Less than 10?

        This isn’t a Middle Eastern Islamic country, there is no rape culture here.

        That said, I see the parallels… in these cultures, what is honour killing other than a really, really late term abortion…

        Discarding an unwanted child due to the inconvenience it occurs on the parent(s).

      • Superunknown, suggesting that there are higher duties that transcend what is materially beneficial to an individual makes me retarded? Maybe I don’t treat self empowerment as the ultimate goal that trumps everything – no right is possible without human life, clearly preservation of life is paramount.

      • How many are to terminate rape induce conceptions?

        Less than 10?

        How is that relevant ?

        The argument was that it is always wrong to terminate a pregnancy.

      • It’s not 100% champ.

        He’s speaking idiomatically, and to include that in the scope of discussion when they are events that are close to statistically zero infers nothing more than someone is being a pedant

      • rob barrattMEMBER

        “Preservation of life is paramount”
        Well, that counts euthanasia out then. … I remember a long time ago seeing pictures (which would now be TOTALLY politically incorrect) of mentally & terribly physically disabled humans in horribly distorted positions in one of those facilities that you don’t see 4 Corners talking about. They were in constant pain. One look at that and you’d change your tune about us being something special & the sanctity of life. Ask the God who organizes an earthquake a few times a year that leaves hundreds of women and their children slowly dying in the darkness together buried hopelessly underground. He can tell you all about it.

        Alternatively, if you look hard enough there’s a reason why you share more than 98% of your DNA with apes. It’s just a shame that people have been programmed not to see this by having their heads bent to the ground 5 times a day or lectured endlessly in churches…

        In the end, for the thinking man, It’s about quality of consciousness you bequeath to the child/adult and the right to chose the effect of birth on your life. Still a dilemma of course, but let’s keep the Boss at Earthquake HQ out of it.

      • @emess Saying that a human foetus is not human is ridiculous. If the nature of a human foetus is not human then you would need to explain what it is, and when it changes, which you couldn’t. It comes from humans and it consists of cells only humans consist of – it is a human.

    • It’s that FOREIGN organisations can’t perform abortions, it’s clearly just a symbolic gesture to their fringe voters, it means nothing.

      • Rob, atheism kills your argument. If the mind is pure biology, free will cant exist, opinion is a different physical state and we cant choose our values. Things just are whether u like it or not.

  2. But I heard he’s literally Hitler? It started from nothing and we’re at nothing now – so the Holocaust will be happening! Take arms fellow sheep! 😛

    • I’m actually surprised we’re all still alive. I was going to wish evberyne farewell on MB on saturday morning.

      We were told, in all certainty…

      the same certainty that predicted a Hillary victory of course… the same faces….

      that Trump would nuke someone within 12 hours of taking office, over insults on twitter, or CNN showing pictures of bad hair, or something…..

      • I’m still waiting for the assassination and military coup I was assured would take place to prevent his inauguration. Maybe somebody forgot to send out a “save the date” ?

      • yup – and remember all those lefties in NZ and Aus who angrily protested against the TPP? Are they cheering and doing cartwheels for Trump now?

    • Yeah, I think all the hyperbole around comparing Trump to Hitler could easily end up making him look good by comparison when he doesn’t end up actually being an actual Hitler. Also, by crying wolf so often, it will make effective criticism of Trump when he actually does something genuinely bad all the more difficult as so much of the population will have switched off.

  3. wasabinatorMEMBER

    Trump has so far made more decisions than how many processions of Aus govts (*)

    * = excepting policies for propping up property markwt.

  4. My default position is that everybody involved in the MSM is corrupt, or an imbecile, or both, and everything that they produce is worthless crap. I don’t give them any money, and I don’t believe anything they produce that accidentally makes it into my area of operations. This might seem a little harsh, but it works for me.

    I well remember flicking past the ABC and some other channels before the US election, and all of the reporters…all of them…were smugly predicting an easy Clinton victory over the laughable and ridiculous and repellent Trump. I astounded at their complete confidence because I didn’t think Trump was a dead cert, but I thought he had a pretty good chance based on the information I’d received from alternative news sources.

      • Lol…thanks mate. What fabulous work on Latham’s part. The other bloke looked like a stunned mullet, probably because he had no comeback against what was plainly The Truth. “We’re in pretty good company…waffle sputter sputter…. “. Right….they were in good company with all the other highly paid muppets whose pontifications about Trump were wrong because they were blinded by their own arrogance and bias and hubris. And I have no doubt that they’ll be wrong well into the future, as they continue to confuse their opinions with reality.

    • reusachtigeMEMBER

      I’ll take my mass mainstream media like the Telegraph and Today Tonight any day over #alternativefacts / #fakenews sites like Macrobusiness!

      • According to his cheer squad, the reason he’s there is because that’s what he promised to do.

      • S he promised to tear up TPP…

        And he said he was against abortion… to the point he said his view was it should be against the law and this followed with outrage about his confirmation of that it meant sanctioning those that breaking the law.

        And he said he supported a strong military….

        So… where exactly has he let his supporters down?

    • Just give the man a chance, this is his SECONDDDD day as a president still
      You have years of accumulated bullshit around you and you want it all gone in 2 days?
      I can bet my bottom dollar if Malcolm Turnf&^k can do in a year what Trump is doing in one day.
      Happy Housing Australians

      • You have years of accumulated bullshit around you and you want it all gone in 2 days?

        I don’t recall saying that, no.

  5. Trump doesn’t want to use US tax payer funds to kill unborn babies. Wow. What a monster! Trump is so evil!

    • yup – and whether a policy is right or wong is not dependant on the policy, its whether you have the right make up of men/women/non white people etc making the decision.

    • Such a humanitarian. Probably why he froze hiring everywhere except the military, an arm of Government defined by its constant drive to avoid killing.

      • LULZ !#!!… because the military does nothing but killing….

        Killing is now a rarely used job description for the military.

      • So in your bizzarro leftist, collectivist world view, a freeze on the hiring public servants and bureaucrats is a sin on par with the murder of unborn children? Right. Gotcha mate.

      • Killing is now a rarely used job description for the military.

        Abortion is a rarely used job description for family planning advisers.

      • Yup,

        But for family ‘planners’ it’s their raison d’etre.

        For the military, it’s an unwanted obligation.

        For the former, they exist to kill.

        For the latter, the resist the urge to kill, but are trained to do so most effectively.

        Luckily their main roles are delivering emergency aid, keeping those that are uncivilized apart so they don’t kill each other, offering vocational opportunities to disadvantaged….

        If only family ‘planning’ clinics were so noble

      • So in your bizzarro leftist, collectivist world view, a freeze on the hiring public servants and bureaucrats is a sin on par with the murder of unborn children?

        No, that’s just your feverish imagination.

        Aside: using “collectivist” as an epithet tickled my irony gland. Kind of hard to think of something more “not collectivist” than knocking off babies just for the hell of it.

      • But for family ‘planners’ it’s their raison d’etre.

        No it’s not. Quite the opposite, in fact. Abortion is, literally, the last resort.

        (Unless you fall into the “every sperm is sacred” camp.)

        The military resists the urge to kill ? LOL. Being explicitly tasked with killing is what distinguishes the military from other organisations. It’s the first port of call for sadistic psychopaths looking for somewhere to hide.

      • rob barrattMEMBER

        Hey
        I thought everyone in the US can boogie on over to Kmart and buy an AK47 now? Why do they need to join the military? Jeez – in the military the oppo might be armed as well! – Better to get tooled up and declare war on a shopping mall.. Oh – Hi Captain!!!

      • If that insane justification makes you feel better about snuffing out human life, then God only knows what other bizarre ideas you believe.

      • Which “God” do you mean? Zeus, Shiva, Mammon (he’s a favourite of the right), Thor?

        Of course, atheists don’t accept the gods exist, so that’s a consideration too.

        But no, foetuse are not babies, nor human.

      • “foetuse are not ….human.”

        LULZ #!!.. They can only be human (homo sapien)

        They can’t be bovine, or canine, or feline…..

        You can either say you BELIEVE they are not a life form based on being unable to survive an environment outside the womb ….

        or a life form not worth protecting.

      • So emess, as a former fetus (as are we all), at what arbitrary stage of your development do you believe you became human?

      • bolstroodMEMBER

        But 8 billion foetus’s mean 8 billion deaths.
        8 billion foetus’s living the fossil fuel high life mean extinction to all life forms including homo fecundus.

    • US tax payer funds were not used for ‘killing babies’ (unless you mean the bombs they drop in civilian areas).
      US tax payer funds are used for performing abortions domestically (planned parenthood) and this is not changed.
      US tax payer funds were not used for advising women in general that abortion is an option.
      US tax payer funds WERE used for advising women in circumstances such as rape, incest, danger to the mother, about the abortion option. Trump has now defunded any org that continues to provide the above advice.

      You shouldn’t fear abortion so much. Think about it. “People” like you come from anti-abortion families, so evolution will favour the families that arent aborting. Its only those baby hatin greeny pinko lefties who will kill their babies. Eventually you’ll have a permanent majority- which you can use to endlessly poison the water supplies of babies, start wars that kill or cripple babies, flood coastal areas (while desertifying interior areas) where babies live and so on. Just imagine all that moral high road you’re missing out on!

      • “start wars”

        Funny how Democrats only care when it is the Republicans dropping bombs! Eight years of perma war and massively expanded extra judicial killings via drone strike under the Nobel Peace price recipient and not a peep! Democrats only care about wars or civilians when it’s the Republicans waging it.

        I don’t really take issue with much else you have said, but this little comment is MILES off!

      • @JC – Nice try but you missed. Every time I see some lefty going on about the end of Obama’s era I say similar stuff- It was Obama who expanded anti-whistleblower powers (which Im sure will benefit Trump), it was Obama who normalised a president taking a country to war (sorry, on a ‘bombing campaign’) without congress on a justification he assured us was legally tested but wouldn’t tell us what it was. It was Obama who used drone strikes that are notorious for their ‘collateral damage’ and which he authorised the use of against American citizens residing in countries the US has not declared war on.

  6. two plus twoMEMBER

    ..And this topic is clearly comment-bait for the closed minded, religious types. Well played, everyone.

    Unfortunately, whatever Trump does, whether it be keeping with Republican tradition or otherwise, will be reported on in the most outrage inducing way. As much as the media apparently hates Trump, they must be loving him as well.

    • How is disdain for abortion the realm of ‘closed minded religiosity’ ??

      I support unborn babies because they’re human too.

      It this type of closed minded dismal, oozing with tones of condescension, that caused Trump to win this won, and pretty much odds-on already to win 2020 if he so chooses to run.

      • mild colonialMEMBER

        Actively support children through their twenty years of upbringing once the woman who didn’t want the child hands the newborn to you? Is that what you mean?

      • two plus twoMEMBER

        It’s pretty closed minded to justify a position on the topic on whether someone ‘supports’ humans or not. Would you support a short, painful life that has no chance of making it out of a hospital after birth? Supporting ‘humans’ is not sufficient justification for some of the serious medical reasons for terminating a pregnancy. Neither is someone else’s religious beliefs.

      • “It’s pretty closed minded to justify a position on the topic on whether someone ‘supports’ humans or not.”

        Um… no. It’s not closed minded what so ever to have a view that viable human life deserves some degree of sanctification. It’s a pretty perverse and degenerate mindset that says otherwise.

        “Would you support a short, painful life that has no chance of making it out of a hospital after birth?”

        It’s a pretty disingenuous spearhead to say the central tenet of abortion is to end the life of unborn babies who suffer from medical ailments whilst in utero. This argument is more akin to euthanasia.

        The practice of abortion for all intents and purposes is a late method of birth control. The arguments of rape, incest and pre-natal deformity is statistically an aberration, and being an exception to the rule most pro-life advocates make an exception for.

        “Supporting ‘humans’ is not sufficient justification for some of the serious medical reasons for terminating a pregnancy.”

        Considering abortion being used as a “termination a pregnancy for serious medical reasons.” is a tiny percentage, this is not what people are rallying against. Take out downs syndrome as the medical reason, and this ‘serious medical reason’ for abortion is close to zero percent.

        “Neither is someone else’s religious beliefs.”

        Great, let’s bring back honour killings…..

        The sanctity of human life can be, and is to many, a non-religious moral choice. Stop playing passive-aggressive wankery by inferring religiosity is an illegitimate viewpoint.

      • “Actively support children through their twenty years of upbringing once the woman who didn’t want the child hands the newborn to you? Is that what you mean?”

        I’m very confident that any baby that was neo-natal and the birth mother did not want to take care of the child, then there would be a sufficient supply of families looking to take up this obligation.

      • I’m very confident that any baby that was neo-natal and the birth mother did not want to take care of the child, then there would be a sufficient supply of families looking to take up this obligation.

        Which is, of course, why there aren’t any homeless children or wards of the state.

        There’s a long list of people who will try almost everything else, from years of expensive and painful fertility treatment to legally questionable surrogate arrangements in foreign countries, before turning to adoption.

    • Two plus two, you know that the vast majority of abortions are not required due to “serious medical reasons”.

      • If your position is ‘abortion is wrong because any and all human life is sacred’, then there’s no wiggle room for allowing abortions due to serious medical reasons, horrific deformities, to save the life of the mother, or anything else.

        Entertainingly, one tends to find most of the strongest opponents of abortions are also vocal advocates of capital punishment.

      • “all human life is sacred’, …. Entertainingly, one tends to find most of the strongest opponents of abortions are also vocal advocates of the death penalty.”

        Yeah you’re missing many other nuances there champ.

        Are you ignorant or being deceptive?

    • The religious types being the ones who engage in woman worsting and control people talking about that by labeling it as blasphemy and pushing for laws in that area.

  7. That linked Age article is woeful. People want to be informed on what is going on not be preached the opinion of an aspiring journalist.