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#306882 - 06/01/18 05:30 PM TrumpTrade
jgw Offline
enthusiast

Registered: 05/22/06
Posts: 2153
Loc: Port Angeles, WA
the jackass has a trade war starting with China and our agriculture economy is starting to tank. I understand thathe is also going after Korea. He has also gone after Europe as well. Now, however, he has also decided to go after Canada and Mexico over Steel and Aluminum. So, pretty much, we seem to be at the beginning of a trade war with the entire rest of the world!

That being said its also interesting that Canada accounts for 50% of our entire steel exports (from a steel industry, incidentally, which the jackass tells us is dead or dying). Mexico and Canada represent 83% of our steel exports. So, basically, we have now lost 83% of our steel exports to save American steel jobs which are now even more at risk because of the new tariffs.

Here is a site that explains this: https://www.trade.gov/steel/countries/pdfs/2017/q3/exports-us.pdf

This means, of course, that we are well on our way to actually being in a trade war with the entire rest of the world! History is not kind to what happens when a trade war happens.

On top of that the jackass has turned the banking industry loose yet again. History tells us that when the banking industry is turned loose it takes about a year for the entire economy to tank. So, they are now saying, 2019 will be yet another year where we all get to experience yet another Republican economic downturn, whilst being screwed over by the 1%.

All this also means that the left will, yet again, have the 'opportunity' to fix the economy, as well as dealing with the huge debts run up by that self proclaimed king of debt - The Jackass. This time, hopefully, the left will give up their 'civilized' behavior in favor of reminding everybody, consistently and constantly, that the problem came, yet again, from the Republicans instead of doing their normal dance of saying nothing mean about the competition.

Its also interesting that the American steel industry is starting to rebuild. However, that being said, the mills being built are hugely automated and will not be hiring a while lot of workers (not unlike most other industries these days).

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#306885 - 06/01/18 07:01 PM Re: TrumpTrade [Re: jgw]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7997
Loc: North San Diego County
The basic problem with every one of Trump's policies is they are a third grader's idea of how the world works. America needs more shiny tanks and planes, so we need to promote steel and aluminum producing. It ignores the facts that producing steel and aluminum are cheaper somewhere else and that far more jobs are impacted by making the raw materials more expensive. We are way beyond raw material production. We still have companies that make products out of steel and aluminum, but you make them more expensive and they might as well move off-shore! Are we Communists now with a government-planned economy?

The game is 3 dimensional chess and we have a checker player making policy decisions.

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#306888 - 06/02/18 04:03 PM Re: TrumpTrade [Re: jgw]
pdx rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 41049
Loc: Puget Sound, WA

The Wall Street Journal says Fatasss is lame at deal-making:

Quote:
So much for Donald Trump as genius deal-maker.


The Wall Street Journal

smile
_________________________
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#306889 - 06/02/18 05:16 PM Re: TrumpTrade [Re: jgw]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7997
Loc: North San Diego County
I guess leading economists feel the same way as I do:

Renowned Economist Jeffrey Sachs Rips Trump As A Gibbering, ‘Delusional’ Threat

Quote:
Trump’s “so-called policies are not really policies,” he added. “Trade wars are on, off, on hold, on again, within the span of days. ... Foreign companies are sanctioned today and rescued the next. ... Global agreements and rules are ripped to shreds. Trump’s garbled syntax and disorganized thoughts are impossible to follow.”

Sachs has bashed Trump’s economic actions several times. Earlier this year, he said the president’s tariffs prove he “flunked economics” and makes “primitive errors because he hasn’t a clue as to how the world economy works.”

Regarding the steel tariffs, Sachs wrote for CNN, “whatever US steel producers might gain from a trade war would be offset by the losses to steel users and consumers, plus the social costs of protecting uncompetitive jobs.”

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#306900 - 06/04/18 10:45 AM Re: TrumpTrade [Re: jgw]
Kaine Offline
enthusiast

Registered: 08/25/04
Posts: 2154
Loc: Pennsylvania
I don't understand how Trump can do this just by his own hand. Why doesn't congress or senate have to approve such measures?

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#306902 - 06/04/18 02:18 PM Re: TrumpTrade [Re: pondering_it_all]
Greger Offline

Pooh-Bah

Registered: 11/24/06
Posts: 14365
Loc: Florida
Quote:
The basic problem with every one of Trump's policies is they are a third grader's idea of how the world works.

Let's be clear on this...they are an average Republican's idea of how the world works.
_________________________
"Be yourself; everyone else is already taken."— Oscar Wilde

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#306903 - 06/04/18 07:50 PM Re: TrumpTrade [Re: Greger]
pondering_it_all Offline
veteran

Registered: 02/27/06
Posts: 7997
Loc: North San Diego County
Quote:
they are an average Republican's idea of how the world works.


Republican voters yes, but Republican Congressmen used to be smarter and didn't actually believe all of their own propaganda.

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#306919 - 06/05/18 07:31 PM Re: TrumpTrade [Re: jgw]
jgw Offline
enthusiast

Registered: 05/22/06
Posts: 2153
Loc: Port Angeles, WA
"by his own hand" is interesting. When Obama came into office the Republicans swore to never let him pass another bill and, pretty much, lived up to it. 'This is why, for instance, its been so easy to revoke much of what Obama did as he too did most of it "by his own hand". When you add in a congress which has given much of their power to the presidency because (little stuff like declaring war and treaties), well, just because (and they are, the whole damned bunch of 'em) lazy, self serving, ignorant, and a known waste of time by the majority of the electorate. According to real clear politics the congress disapproval rating is between 70 and 80 percent of the electorate.

I should add that its easy to carp on congress but the real villain is the electorate, the majority of which rarely even bothers to vote.

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#307031 - 06/20/18 05:55 PM Re: TrumpTrade [Re: jgw]
jgw Offline
enthusiast

Registered: 05/22/06
Posts: 2153
Loc: Port Angeles, WA
apparently we are, right now, in a Trade War with the entire rest of the world! The latest I saw was that Trump is now threatening China with 200 billion more in tariffs. Eventually China will have enough and setting the problem. It would be very easy for them. All they have to do is start selling off some of our bonds and the rest will follow - basically, a serious dump of our economy and the value of our dollar, all at once. This would mean the market collapsing and those who sold high would have a bunch of cash which would also drop in value. If you see the price of gold starting to up you can bet that there are them that believe the worst and gold is the only solution.

Think about that one the next time you hear the Jackass working his mouth.

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#307033 - 06/20/18 09:26 PM Re: TrumpTrade [Re: pondering_it_all]
Greger Offline

Pooh-Bah

Registered: 11/24/06
Posts: 14365
Loc: Florida
Quote:
Republican Congressmen used to be smarter and didn't actually believe all of their own propaganda

Republican propaganda drew the true believers into becoming candidates themselves. They became elected officials and eventually formed the "Freedom Caucus".
_________________________
"Be yourself; everyone else is already taken."— Oscar Wilde

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