Trump's Trade Wars - another disaster

POSTED BY: captaincrunch
UPDATED: Tuesday, July 7, 2020 08:51
VIEWED: 14929
PAGE 1 of 2

https://www.usatoday.com/story/news/politics/2018/07/12/tariffs-senato
rs-say-trade-policies-hurting-farmers-businesses/776771002/
Senators blast Trump's 'reckless' tariffs, warn of impact on farmers, businesses

WASHINGTON – Republican and Democratic senators expressed rising concern Thursday about the economic impact of President Donald Trump's tariffs, saying they are hearing complaints from dock workers, soybean farmers and manufacturers whose livelihoods depend on trade.

The lawmakers also said they want to see the Trump administration explain the strategy behind the tariffs and what the expectations are for success.

“To my knowledge, not a single person is able to articulate where this is headed, nor what the plans are, nor what the strategy is,” said Sen. Bob Corker, R-Tenn., chairman of the Senate Foreign Relations Committee. “It seems to be a wake up, ready, fire, aim strategy.”

Sen. Robert Menendez, D-N.J., blasted the tariffs as “a reckless campaign” against U.S. allies and warned that it would drive them “into the arms of our adversaries.”

Even Fux Newz Knows
http://www.foxnews.com/opinion/2018/07/24/trumps-trade-war-is-economic
-suicide.html

Trump's trade war is economic suicide

When President Trump imposed a 25 percent tariff on steel imports last month, America's largest nail manufacturer had little choice but to raise its prices. Mid Continent Nail Corporation quickly lost 50 percent of its orders as customers opted for cheaper suppliers. Within weeks, the firm had to lay off 60 workers. Up to 200 more might lose their jobs by the end of this month.

If the tariff isn't lifted, the company could fold by September.

Mid Continent and its employees are early victims in Trump's trade war. There will be many more if the president continues to raise import costs and anger our trading partners.

https://qz.com/1336295/carmakers-are-counting-the-cost-of-trumps-great
est-tariffs-to-the-tune-of-10-billion/
Carmakers are counting the cost of Trump’s “greatest” tariffs—in billions of dollars

Donald Trump’s “America First” policies on trade have spooked investors in some of America’s most prominent manufacturers: the “Big Three” carmakers of GM, Ford, and Chrysler.

GM, the US’s largest carmaker, said today that higher commodity costs (primarily steel and aluminum) would cut deeply into its margins, and so the company lowered its earnings outlook for the rest of the year. Earlier this year, Trump imposed tariffs on imports of steel and aluminum from China, the European Union, Mexico, and Canada to protect the US steel industry from competition on “national security” grounds. Companies that rely on these metals—imported or not—are feeling the pain. For example, GM gets most of its metal from domestic producers, but US steel prices have risen amid the tariffs.

*************************************************

Opinion in plain English:

First, he started a trade war.

He had no idea what he was doing, but he started a trade war anyway, all while declaring that it wasn't a trade war.

Guess what? It's a trade war.

1/ 
@realDonaldTrump
"China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. We were being nice - until now! China made $517 Billion on us last year."

?And given where things are made nowadays, the ONLY country that CAN'T win a trade war is the United States.
It's not the 1950s, folks. We don't make stuff, we buy stuff.
And American business has no one to blame but themselves.

2/
They've been sending manufacturing overseas for 40 years.
They didn't want to pay American workers a living wage. They didn't want to give benefits to American workers. They didn't want to pay American taxes. They didn't want to do their duty to the American Republic.

3/
They didn't want to make things in the United States

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wow

Do Right, Be Right. :)

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American banks won't go near him. That's why Russia owns him.

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Quote:

---

Originally posted by captaincrunch:
https://www.usatoday.com/story/news/politics/2018/07/12/tariffs-senato
rs-say-trade-policies-hurting-farmers-businesses/776771002/
Senators blast Trump's 'reckless' tariffs, warn of impact on farmers, businesses

WASHINGTON – Republican and Democratic senators expressed rising concern Thursday about the economic impact of President Donald Trump's tariffs, saying they are hearing complaints from dock workers, soybean farmers and manufacturers whose livelihoods depend on trade.

The lawmakers also said they want to see the Trump administration explain the strategy behind the tariffs and what the expectations are for success.

“To my knowledge, not a single person is able to articulate where this is headed, nor what the plans are, nor what the strategy is,” said Sen. Bob Corker, R-Tenn., chairman of the Senate Foreign Relations Committee. “It seems to be a wake up, ready, fire, aim strategy.”

Sen. Robert Menendez, D-N.J., blasted the tariffs as “a reckless campaign” against U.S. allies and warned that it would drive them “into the arms of our adversaries.”

Even Fux Newz Knows
http://www.foxnews.com/opinion/2018/07/24/trumps-trade-war-is-economic
-suicide.html

Trump's trade war is economic suicide

When President Trump imposed a 25 percent tariff on steel imports last month, America's largest nail manufacturer had little choice but to raise its prices. Mid Continent Nail Corporation quickly lost 50 percent of its orders as customers opted for cheaper suppliers. Within weeks, the firm had to lay off 60 workers. Up to 200 more might lose their jobs by the end of this month.

If the tariff isn't lifted, the company could fold by September.

Mid Continent and its employees are early victims in Trump's trade war. There will be many more if the president continues to raise import costs and anger our trading partners.

https://qz.com/1336295/carmakers-are-counting-the-cost-of-trumps-great
est-tariffs-to-the-tune-of-10-billion/
Carmakers are counting the cost of Trump’s “greatest” tariffs—in billions of dollars

Donald Trump’s “America First” policies on trade have spooked investors in some of America’s most prominent manufacturers: the “Big Three” carmakers of GM, Ford, and Chrysler.

GM, the US’s largest carmaker, said today that higher commodity costs (primarily steel and aluminum) would cut deeply into its margins, and so the company lowered its earnings outlook for the rest of the year. Earlier this year, Trump imposed tariffs on imports of steel and aluminum from China, the European Union, Mexico, and Canada to protect the US steel industry from competition on “national security” grounds. Companies that rely on these metals—imported or not—are feeling the pain. For example, GM gets most of its metal from domestic producers, but US steel prices have risen amid the tariffs.

*************************************************

Opinion in plain English:

First, he started a trade war.

He had no idea what he was doing, but he started a trade war anyway, all while declaring that it wasn't a trade war.

Guess what? It's a trade war.

1/ 
@realDonaldTrump
"China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. We were being nice - until now! China made $517 Billion on us last year."

?And given where things are made nowadays, the ONLY country that CAN'T win a trade war is the United States.
It's not the 1950s, folks. We don't make stuff, we buy stuff.
And American business has no one to blame but themselves.

2/
They've been sending manufacturing overseas for 40 years.
They didn't want to pay American workers a living wage. They didn't want to give benefits to American workers. They didn't want to pay American taxes. They didn't want to do their duty to the American Republic.

3/
They didn

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Even NPR has to acknowledge, when doing "background" on the tariffs, that the trade rules are tremendously unbalanced. In their recent piece on Trump's tariffs on EU automobiles, even THEY had to acknowledge that the USA has to pay VAT tax when exporting to the EU while at the same time facing a 25% tariff, while EU autos coming into the USA don't pay any VAT tax and have only a 10% tariff. Similar data on trade with the Chinese.

CLEARLY, THIS IS NOT FAIR TRADE. Whoever negotiated those deals on "our behalf" sure didn't negotiate with AMERICAN INTERESTS at heart! A trade war has been going on for a long time, and "our" negotiators just hoisted the white flag and let everyone else walk all over us.

Because that's how it was supposed to be: In the globalist scheme of things (just ask Bill Clinton, he can describe it for you) each nation had its assigned role. Haitian farmers, for example, were to be displaced by subsidized Arkansas rice. That way they would be moved off their land and Haiti could become food-dependent source of "cheap labor". And Mexican farmers were to be displaced off THEIR land with subsidized American corn, and Mexico could ALSO become a source of "cheap labor". In the meantime, the role of America was to be the world's "No 1 consumer". Every other economy - including China and the EU - were to hitch their "production" wagon to our "consumption" donkey, resulting in a huge hemorrhage of our jobs to overseas locations.

Of course, that required OUR BANKS to issue giant gobs of credit to everyone ... businesses, consumers, the government, foreign investors ... fortunately for us, we held the world's reserve currency/ petrodollar, which gave us a giant U$D-denominated credit card for our worldwide appetite for goods and services. UNFORTUNATELY, the forbearance of the global currency, credit, and banking system for virtually unlimited trade, private, business and government debt would eventually run out.

So here we are ...

45 years after Nixon visited China, took us off the gold standard, and crafted the "petrodollar" deal ...

25 years after Bill Clinton signed Executive Order 12850 freeing up Most Favored Nation terms so that China could continue to operate under a 6% tariff regimen (1), and concluding NAFTA negotiations ...

18 years after George W Bush supported China's accession into the WTO, negotiated approximately a dozen NAFTA-style trade agreements and extending NAFTA to Central America nations (CAFTA) (giving away more USA jobs) (2) and 10 years after he negotiated trade deals with the EU thru the Transatlantic Economic Council ...

Well, here we are: the worlds biggest debtor nation, facing the prospect of an increasingly unwelcome currency. (It's a good thing that We didn't get into the TTP and TTIP, like Obama was pushing for.)

One thing that our fearless leaders chose to ignore is that, in a world of nations, each nation must at some point earn its way if it wants to maintain a viable economy. That means is must be able to independently produce all of the goods and services required to keep its citizens happy, or it must be able to trade - on a balanced basis- for those goods and service that it can't produce. Spending money around the world like a drunken sailor with an unlimited credit card for decades on-end and playing financial games ... as much as it helps out OTHER economies and feels great in the moment for that sailor... is NOT the way to sustainable prosperity.

Trade wars are an ongoing fact of life. If you are trading internationally, you ARE in a trade war. That is the nature of international trade. As far as I can tell, the only difference now is that Trump is willing to put up a fight for the American economy.


(1) https://www.americanthinker.com/articles/2016/09/how_bill_clinton_sent
_manufacturing_jobs_to_china.html

(2) http://www.epipolicycenter.org/blm-trade_and_jobs.pdf

--

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T

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T

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T

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Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by captaincrunch:
https://www.usatoday.com/story/news/politics/2018/07/12/tariffs-senato
rs-say-trade-policies-hurting-farmers-businesses/776771002/
Senators blast Trump's 'reckless' tariffs, warn of impact on farmers, businesses

WASHINGTON – Republican and Democratic senators expressed rising concern Thursday about the economic impact of President Donald Trump's tariffs, saying they are hearing complaints from dock workers, soybean farmers and manufacturers whose livelihoods depend on trade.

The lawmakers also said they want to see the Trump administration explain the strategy behind the tariffs and what the expectations are for success.

“To my knowledge, not a single person is able to articulate where this is headed, nor what the plans are, nor what the strategy is,” said Sen. Bob Corker, R-Tenn., chairman of the Senate Foreign Relations Committee. “It seems to be a wake up, ready, fire, aim strategy.”

Sen. Robert Menendez, D-N.J., blasted the tariffs as “a reckless campaign” against U.S. allies and warned that it would drive them “into the arms of our adversaries.”

Even Fux Newz Knows
http://www.foxnews.com/opinion/2018/07/24/trumps-trade-war-is-economic
-suicide.html

Trump's trade war is economic suicide

When President Trump imposed a 25 percent tariff on steel imports last month, America's largest nail manufacturer had little choice but to raise its prices. Mid Continent Nail Corporation quickly lost 50 percent of its orders as customers opted for cheaper suppliers. Within weeks, the firm had to lay off 60 workers. Up to 200 more might lose their jobs by the end of this month.

If the tariff isn't lifted, the company could fold by September.

Mid Continent and its employees are early victims in Trump's trade war. There will be many more if the president continues to raise import costs and anger our trading partners.

https://qz.com/1336295/carmakers-are-counting-the-cost-of-trumps-great
est-tariffs-to-the-tune-of-10-billion/
Carmakers are counting the cost of Trump’s “greatest” tariffs—in billions of dollars

Donald Trump’s “America First” policies on trade have spooked investors in some of America’s most prominent manufacturers: the “Big Three” carmakers of GM, Ford, and Chrysler.

GM, the US’s largest carmaker, said today that higher commodity costs (primarily steel and aluminum) would cut deeply into its margins, and so the company lowered its earnings outlook for the rest of the year. Earlier this year, Trump imposed tariffs on imports of steel and aluminum from China, the European Union, Mexico, and Canada to protect the US steel industry from competition on “national security” grounds. Companies that rely on these metals—imported or not—are feeling the pain. For example, GM gets most of its metal from domestic producers, but US steel prices have risen amid the tariffs.

*************************************************

Opinion in plain English:

First, he started a trade war.

He had no idea what he was doing, but he started a trade war anyway, all while declaring that it wasn't a trade war.

Guess what? It's a trade war.

1/ 
@realDonaldTrump
"China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt. We were being nice - until now! China made $517 Billion on us last year."

?And given where things are made nowadays, the ONLY country that CAN'T win a trade war is the United States.
It's not the 1950s, folks. We don't make stuff, we buy stuff.
And American business has no one to blame but themselves.

2/
They've been sending manufacturing overseas for 40 years.
They didn't want to pay American workers a living wage. They didn't want to give benefits to American workers. They didn't want to pay American taxes. They didn't want to do their du

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Quote:

---

Originally posted by JEWELSTAITEFAN:
And for a 2nd day in a row, Trolls double down on stupid while the Stock Market climbs. Even with SIG's helping to explain, their FACTS Vaccine protects them from letting knowledge and information infiltrate.

---

Seems he's stealing a page from Bush. How did that turn out?

Budget office projects growing deficits and massive debt during Trump administration
http://www.latimes.com/politics/la-na-pol-trump-deficits-20180409-stor
y.html

The CBO also confirmed earlier estimates that despite Republican promises that the tax cuts would pay for themselves through economic growth, the plan would actually increase the deficit about $1.9 trillion over 11 years.

Democrats said the report rebuked Republicans' claims to be fiscal conservatives.

"In their craven haste to give corporations and the wealthiest 1% massive tax breaks, Republicans saddled our children and grandchildren with trillions of dollars of debt," House Minority Leader Nancy Pelosi (D-San Francisco) said in a statement.

More of the same from the tinkle-down crew.

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The Dow is only up because of the massive inflation that has occurred in the last decade because of quantitative easing. We're in the second longest period of "growth" of GDP in America. If it were to "grow" until the 2020 election, it would be the longest period of "growth" the US has ever seen.

One of the bubbles will burst eventually. When it does, the FED can't lower the rates to below Zero to combat it this time.

I wonder what Stagflation is going to be like.



The only thing I really find funny is people here who put all of this blame on Trump. From what I can see, the only thing Trump is guilty of here is keeping up with the status quo instead of making good on any of his pre-election promises regarding the economy. As soon as he got in all of the sudden the Unemployment numbers were great and the Dow is doing better than ever. He hasn't done a thing to shrink big government. Regarding the economy specifically, we might as well still have Obama in or have voted in a Clinton. The picture wouldn't look any different than it does today.

Do Right, Be Right. :)

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Quote:

---

Originally posted by reaverfan:

Quote:

---

Originally posted by JEWELSTAITEFAN:
And for a 2nd day in a row, Trolls double down on stupid while the Stock Market climbs. Even with SIG's helping to explain, their FACTS Vaccine protects them from letting knowledge and information infiltrate.

---

Seems he's stealing a page from Bush. How did that turn out?

Budget office projects growing deficits and massive debt during Trump administration
http://www.latimes.com/politics/la-na-pol-trump-deficits-20180409-stor
y.html

The CBO also confirmed earlier estimates that despite Republican promises that the tax cuts would pay for themselves through economic growth, the plan would actually increase the deficit about $1.9 trillion over 11 years.

Democrats said the report rebuked Republicans' claims to be fiscal conservatives.

"In their craven haste to give corporations and the wealthiest 1% massive tax breaks, Republicans saddled our children and grandchildren with trillions of dollars of debt," House Minority Leader Nancy Pelosi (D-San Francisco) said in a statement.

More of the same from the tinkle-down crew.

---

You should try reading some news sometime, instead of 3-month old outdated gibberish, which every reasonable person knew it was when it was propagated.
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

Try keeping up with the adults, m'kay?

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Quote:

---

Originally posted by JEWELSTAITEFAN:
You should try reading some news sometime, instead of 3-month old outdated gibberish, which every reasonable person knew it was when it was propagated.
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

Try keeping up with the adults, m'kay?

---

Unlike you, I read news. You read what your Russian bosses tell you to parrot. You say the same things all the other trolls say, all over the internet.

Here's a novel idea. Why don't you post the source of what you said? That would be refreshing.

Here's mine. https://www.cbo.gov/publication/53727

Prove it wrong, Ruskie.

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Quote:

---

Originally posted by JEWELSTAITEFAN:
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

---

Huh? "the CBO announced that they were off by $2.95 Trillion" that's almost 3 times the TOTAL projected deficit for 2020, JSF. I too am anxious to see your links for that one. (f*cksake).

"The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office.

Spending will exceed revenue by $804 billion in the fiscal year through September, jumping from a projected $563 billion shortfall forecast in June, the non-partisan arm of Congress said in a report Monday. In fiscal 2019, the deficit will reach $981 billion, compared with an earlier projection of $689 billion.

The nation’s budget gap was only set to surpass the trillion-dollar level in fiscal 2022 under CBO’s report last June."

https://mises.org/power-market/cbo-projection-us-deficit-tops-1-trilli
on-two-years-ahead-schedule

Stop huffin' your mom's hair spray, m'kay?

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I don't think that cutting taxes in THIS situation will reduce the deficit. The taxes have to be SO high that they are strangling economic growth, and in THIS case what's strangling economic growth is not taxes it's "free trade", internal corruption and wealth inequality. So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.

Also, the stock market is NOT the economy! The stock market is up because THE FED has held interest rates at near-zero for almost ten years now, and large businesses which issue stock have been busy borrowing money at near-zero interest rates to engage in "stock buybacks" which reduce the number of outstanding shares, artificially increasing the price per share (PE ratio).

A stock market crash CAN bonk the economy (It has done so in the past) due to capital flow (money velocity) grinding to a halt. But the REAL economy consists of production of goods and provision of services; not stock, real estate, or commodity prices or derivatives and hedge funds.

So I wouldn't be crowing about stock prices, if I were a Trump supporter, because (1) it's irrelevant to the real economy and (2) it's not under control of the WH, but under control of The Fed. A rise in interest rates will crash a lot of debt-based speculation, including hedge funds, stocks, and real estate.


-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

America is an oligarchy http://www.fireflyfans.net/mthread.aspx?tid=57876

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Quote:

---

Originally posted by SIGNYM:
I don't think that cutting taxes in THIS situation will reduce the deficit. The taxes have to be SO high that they are strangling economic growth, and in THIS case what's strangling economic growth is not taxes it's "free trade", internal corruption and wealth inequality. So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.

Also, the stock market is NOT the economy! The stock market is up because THE FED has held interest rates at near-zero for almost ten years now, and large businesses which issue stock have been busy borrowing money at near-zero interest rates to engage in "stock buybacks" which reduce the number of outstanding shares, artificially increasing the price per share (PE ratio).

A stock market crash CAN bonk the economy (It has done so in the past) due to capital flow (money velocity) grinding to a halt. But the REAL economy consists of production of goods and provision of services; not stock, real estate, or commodity prices or derivatives and hedge funds.

So I wouldn't be crowing about stock prices, if I were a Trump supporter, because (1) it's irrelevant to the real economy and (2) it's not under control of the WH, but under control of The Fed. A rise in interest rates will crash a lot of debt-based speculation, including hedge funds, stocks, and real estate.


-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

America is an oligarchy http://www.fireflyfans.net/mthread.aspx?tid=57876

---

This.

Do Right, Be Right. :)

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Quote:

---

Originally posted by SIGNYM:
I don't think that cutting taxes in THIS situation will reduce the deficit.

---

You can argue with CBO about that. Lettuce know how well that works for ya.
To be technically accurate, I don't believe any reasonable projection has indicated the Obamanomics bloat will be halted soon enough to actually reduce the Debt in that timeframe, but the CBO was comparing the projections from before the Tax Reform, and then comparing again a few weeks later.

Quote:

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So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.

---

Why don't you like Repatriation of Capital?

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GDP is at 4.1%...shut up

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Quote:

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Originally posted by whozit:

GDP is at 4.1%...shut up

---

T

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Quote:

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I don't think that cutting taxes in THIS situation will reduce the deficit. - SIGNY

You can argue with CBO about that. Lettuce know how well that works for ya. - JSF

---

JSF, you posted ...

Quote:

---

You should try reading some news sometime, instead of 3-month old outdated gibberish, which every reasonable person knew it was when it was propagated.
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

---

I went to the CBO website and there was NOTHING there like this. So if you have information that none of us have ... LINKS, PLEASE?

Quote:

---

To be technically accurate, I don't believe any reasonable projection has indicated the Obamanomics bloat will be halted soon enough to actually reduce the Debt in that timeframe, but the CBO was comparing the projections from before the Tax Reform, and then comparing again a few weeks later.

---

As I requested: LINKS, PLEASE?

Quote:

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So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.- SIGNY

Why don't you like Repatriation of Capital?- JSF

---

It's not that I don't like it, it's that I don't know exactly what it is or how its supposed to work. Here are two threads of thought that I have on the topic ....

1) It's possible to reduce imports into the USA by charging tariffs, and if the tariffs are high enough you can essentially block certain imports. BUT, just because there is a deficit of (say) automobiles in the USA and (because of reduced supply and steady demand) the price goes up from $25,000 to $50,000, altho that represents an investment opportunity, that doesn't necessarily mean that any company will actually step in and invest. Perhaps the total investment is too high, or interest rates are too high, so altho the "environment" might be good, actual investment might not happen.

2) At the same time, if taxes allow profit to remain in the USA, PERHAPS that money would be used for investment.

So possibly between a "push" (availability of money) and a "pull" (demand for product) the right investment would happen to re-industrialize America, but it seems a bit indirect/ uncertain.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

America is an oligarchy http://www.fireflyfans.net/mthread.aspx?tid=57876

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Quote:

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Originally posted by THG:

Quote:

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Originally posted by whozit:

GDP is at 4.1%...shut up

---

T

---

Funny how Trump blatantly lied, again.

Not that we didn't expect him to.

A lying president is the norm in Trump's America.

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Quote:

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A lying president is the norm in America.

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Fixed it for ya.

Do Right, Be Right. :)

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Quote:

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Originally posted by SIGNYM:

Quote:

---

I don't think that cutting taxes in THIS situation will reduce the deficit. - SIGNY

You can argue with CBO about that. Lettuce know how well that works for ya. - JSF

---

JSF, you posted ...

Quote:

---

You should try reading some news sometime, instead of 3-month old outdated gibberish, which every reasonable person knew it was when it was propagated.
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

---

I went to the CBO website and there was NOTHING there like this. So if you have information that none of us have ... LINKS, PLEASE?

Quote:

---

To be technically accurate, I don't believe any reasonable projection has indicated the Obamanomics bloat will be halted soon enough to actually reduce the Debt in that timeframe, but the CBO was comparing the projections from before the Tax Reform, and then comparing again a few weeks later.

---

As I requested: LINKS, PLEASE?

Quote:

---

So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.- SIGNY

Why don't you like Repatriation of Capital?- JSF

---

It's not that I don't like it, it's that I don't know exactly what it is or how its supposed to work. Here are two threads of thought that I have on the topic ....

1) It's possible to reduce imports into the USA by charging tariffs, and if the tariffs are high enough you can essentially block certain imports. BUT, just because there is a deficit of (say) automobiles in the USA and (because of reduced supply and steady demand) the price goes up from $25,000 to $50,000, altho that represents an investment opportunity, that doesn't necessarily mean that any company will actually step in and invest. Perhaps the total investment is too high, or interest rates are too high, so altho the "environment" might be good, actual investment might not happen.

2) At the same time, if taxes allow profit to remain in the USA, PERHAPS that money would be used for investment.

So possibly between a "push" (availability of money) and a "pull" (demand for product) the right investment would happen to re-industrialize America, but it seems a bit indirect/ uncertain.

---

??
Did you miss the news of Apple's Repatriation of Capital, about $380 Billion worth? They contributed something like $38 Billion to Federal Revenue coffers.
Yes, they decided to contribute that much Taxes.



For the CBO stuff, I can't easily do linkies right now.
You can try this: go to this post fireflyfans.net/mthread.aspx?bid=18&tid=61505&mid=1056025
If that explanation is not enough for you, check the source data at CBO. They don't make it easy, and their written reports are garbage, hoping you won't notice how badly they lied the last month, every month. Use one of the links in that thread for CBO publications, and change the number to 53651 for the April report, and then 53884 for the May report.
IIRC, you want to look at the numbers at the end of the next decade, and compare. They tried very hard to obfuscate, but the numbers really are there.

Hopefully that gets you what you want.

The figures I posted above and you quoted are from recall and are slightly off, but the figures at the linked post are correct.

The April report is the Fake one, published so they could generate some Fake News headlines. That's the one where they say Tax Reform will add $1.9 Trillion to the Debt, compared to what they had projected previously.
The May report is where they backtracked to the vicinity of reality.
I posted the figures side by side in this post from that thread: 1053414.

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Quote:

---

Originally posted by SIGNYM:

Quote:

---

So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.- SIGNY

Why don't you like Repatriation of Capital?- JSF

---

It's not that I don't like it, it's that I don't know exactly what it is or how its supposed to work. Here are two threads of thought that I have on the topic ....

1) It's possible to reduce imports into the USA by charging tariffs, and if the tariffs are high enough you can essentially block certain imports. BUT, just because there is a deficit of (say) automobiles in the USA and (because of reduced supply and steady demand) the price goes up from $25,000 to $50,000, altho that represents an investment opportunity, that doesn't necessarily mean that any company will actually step in and invest. Perhaps the total investment is too high, or interest rates are too high, so altho the "environment" might be good, actual investment might not happen.

2) At the same time, if taxes allow profit to remain in the USA, PERHAPS that money would be used for investment.

So possibly between a "push" (availability of money) and a "pull" (demand for product) the right investment would happen to re-industrialize America, but it seems a bit indirect/ uncertain.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

---

We’re still waiting for both the investment surge and the wage gains the tax cutters promised; as far as we can tell, they’re never coming.

www.nytimes.com/2018/07/28/opinion/why-one-quarters-growth-tells-us-no
thing.html

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

We’re still waiting for both the investment surge and the wage gains the tax cutters promised- SECOND

---

Oh, you are? That must mean that you believed the hype to begin win. I'm not waiting; but that's because I didn't think the approach would work in the first place*.

Quote:

---

as far as we can tell, they’re never coming. - SECOND

---

Well, "never" is a long time. I encourage all writers to never use "never" and always avoid "always".

BEFORE TRUMP WAS EVEN ELECTED I opined that he would NOT be able to reverse America's economic fortunes, not even in two terms*. The BEST that we could hope for was to pull out of current "free trade" agreements, and avoid future ones, which would dis-empower the USA from being able to make sovereign economic and trade decisions to benefit AMERICA's economy ... a power that we may desperately need in response to the de-dollarization that was already being planned by China, Russia, and (some say) the IMF.

*I did go into my reasons at the time; I'll be happy to repeat the train of thought later when I have more time.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

America is an oligarchy http://www.fireflyfans.net/mthread.aspx?tid=57876

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Quote:

---

Originally posted by SIGNYM:

*I did go into my reasons at the time; I'll be happy to repeat the train of thought later when I have more time.

---

Please don't. You are a know-it-all that doesn't know what you don't know.

Quote:

---

Originally posted by SIGNYM:

BEFORE TRUMP WAS EVEN ELECTED I opined that he would NOT be able to reverse America's economic fortunes, not even in two terms.
"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

---

Trump can reverse America’s fortune. He can make it worse: the junk loans that tanked the economy in 2008? They are back!

“We have now re-created the condition that led to the last crisis by making it easier to aggregate loans that are not good for investors.”

It is no coincidence that the decline in loan quality has occurred as there’s been a shift in who is doing the lending. Back in 2013, 70 percent of the loans were made by major banks whose lending is closely scrutinized by government bank regulators. That figure is now down to 54 percent, according to Bloomberg, as hedge funds, private-equity firms, insurance companies and non-regulated lenders have entered the market in a big way. This shift in market share away from banks mirrors what happened to mortgage lending in the run-up to the 2008 crash, when competition from unregulated lenders led banks to lower lending standards in an effort to maintain their market share.

There’s also been a shift in how the loans are being used. Some of the debt is being used, as it always has been, to finance expansion or refinance old debt. But more recently, a growing portion of leveraged lending has been used to buy back stock, pay special dividends to private-equity firms cashing out of their investments or to finance richly priced mergers and acquisitions, which are now running at a pace that exceeds the bubbles of 2000 and 2007. In other words, it has been used to reward investors rather than grow the business.

The mergers and acquisitions are particularly troublesome. According to Covenant Review, a debt analyst, the amount of debt used to finance these takeover deals has grown significantly, from 6.4 times cash flow in 2015 to 7.7 times cash flow in the first quarter of this year. Moreover, analysts warn that as much as 30 percent of that expected cash flow might never materialize because of overly rosy assumptions about cost savings and revenue growth. A slowdown in the economy or a rise in interest rates could very well put those companies in a cash squeeze, e.g. bankruptcy.

Although financial regulators have taken notice of the increased volume and declining quality of corporate credit, they haven’t done much to discourage it — just the opposite, in fact.
Earlier this year, after complaints from banks and dealmakers reached sympathetic ears in the Trump administration, the newly installed chairman of the Federal Reserve and the Comptroller of the Currency Office declared that previous “guidance” against lending to companies whose debt exceeded six times their annual cash flow should not be taken as a hard and fast rule.

More at www.msn.com/en-us/money/markets/the-junk-debt-that-tanked-the-economy-
its-back-in-a-big-way/ar-BBL9ef2?ocid=spartandhp

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Trump can reverse America’s fortune. He can make it worse: the junk loans that tanked the economy in 2008? They are back!

“We have now re-created the condition that led to the last crisis by making it easier to aggregate loans that are not good for investors.” - SECONDHAND

---

Speaking of being a know-it-all about things that you know thing about ...

"Junk loans" have been with us for over five years. The conditions weren't "suddenly" created in the past year, they were re-created under OBAMA's reign. The student loan crisis. The auto loan disaster. The real estate loan crisis-to-be. The stock plunge and the hedge fund crisis ... people have been warning about these for (literally) years. Where have you been living lately? Certainly not in the USA!

To be fair, this is because of The Fed keeping interest rates at near-zero for years and years, which encouraged speculative bubbles and improvident borrowing. Sarbanes-Oxley encouraged the avoidance of traditional lending and promoted SHADOW BANKS. (BTW: NOT TRUMP'S FAULT). Blaming Trump for the upcoming disaster (which people including myself have been predicting for a while) is like blaming Obama for the Great Recession. This upcoming crisis? Not Obama's fault (directly, altho he CAN be blamed for the Fed Char appointment) and not Trump's either; look to The Fed and its monetary policy.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

America is an oligarchy http://www.fireflyfans.net/mthread.aspx?tid=57876

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Quote:

---

Originally posted by SIGNYM:

Quote:

---

Trump can reverse America’s fortune. He can make it worse: the junk loans that tanked the economy in 2008? They are back!

“We have now re-created the condition that led to the last crisis by making it easier to aggregate loans that are not good for investors.” - SECONDHAND

---

Speaking of being a know-it-all about things that you know thing about ...

"Junk loans" have been with us for over five years. The conditions weren't "suddenly" created in the past year, they were re-created under OBAMA's reign. The student loan crisis. The auto loan disaster. The real estate loan crisis-to-be. The stock plunge and the hedge fund crisis ... people have been warning about these for (literally) years. Where have you been living lately? Certainly not in the USA!

To be fair, this is because of The Fed keeping interest rates at near-zero for years and years, which encouraged speculative bubbles and improvident borrowing. Sarbanes-Oxley encouraged the avoidance of traditional lending and promoted SHADOW BANKS. (BTW: NOT TRUMP'S FAULT). Blaming Trump for the upcoming disaster (which people including myself have been predicting for a while) is like blaming Obama for the Great Recession. This upcoming crisis? Not Obama's fault (directly, altho he CAN be blamed for the Fed Char appointment) and not Trump's either; look to The Fed and its monetary policy.

---

Somebody might want to remind Second with his own numerous quotes on the matter that the President doesn't have this power, unless it's convenient to his argument apparently...

Do Right, Be Right. :)

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I figure if SECOND can post random second-hand shit so can I, so here goes ...

Quote:

---

"There's No Way To Make This Work" Martenson Warns "A Big Reset Is Locked In"

Futurist and economic researcher Chris Martenson says we are not at the end of a business cycle but “. . . at the end of a credit cycle.”

Martenson warns,

“Here’s why people need to be concerned. Credit cycles, when they blow up, are really, really destructive..."

"2008 to 2009 was very destructive. Instead of realizing the error of their ways, they went for a third. This is the most comprehensive credit cycle that we have seen. Remember, bubbles have two things that they need. Number one, a good story that people can believe in and, of course, it’s a false story. Number two, ample credit. That’s what the Fed and central banks of Japan and Europe have done. They just flooded the world with credit. Now, we have bubbles everywhere. When these burst, it will be the worst bursting in anybody’s lifetime because we have never seen anything like this.”

Martenson says a debt reset is locked in, and somebody is going to pay.

“When you have as much debt that the United States has... the overall debt level in the United States, including auto loans, mortgages, consumer debt, student loans and corporate debt and whatever, we’re sitting at about $60 trillion right now. It’s a huge number, and when you get to this level of indebtedness, plus those unfunded or underfunded liabilities

---

which some have estimated to be in the realm of $240 trillion total

Quote:

---

... when you get to this level of indebtedness, there is really only one question left to be resolved, and that is who is going to eat the losses. That’s it.

So, when you start asking that question, the banks and people writing the laws are pretty sure they are not going to take the losses. The person relying on the pension is the person that is going to eat the losses. . . . There is no way to make this work. Here’s where the social tension comes in. Even as ordinary middle class people are being destroyed in this process, the rich are taking more and more out of the system. That is courtesy of the policies of the Federal Reserve...

But the big risk is when these printing sprees, these credit cycles finally burst. They are wildly destructive. They are fast. They are hard. They are sharp and they hurt.”

Martenson says people can protect themselves with real assets as opposed to paper assets. Martenson says,

“Real assets are the place you need to be if and when a paper tower comes crumbling down. I am diversified myself. I believe in land. I believe in real estate. I believe in gold. I believe in silver. I believe in other metals. I believe in these hard assets because this is where we are going to have to hide out because if you held hard assets in Turkey, in Venezuela, in Argentina and in places where the currency collapsed and declined, these would have been great places to be hiding out...

When this worm turns, it’s going to be a lot faster than it has in the past. There is no free lunch, and if you can see that, there is a wealth transfer coming. The wealth transfer is going to have a bright red line, and people are going to get trapped on the side where they hold paper claims, and the people that are going to preserve their wealth are going to be on the other side of the line with their wealth tied up in real things. That’s the period of history that is about to unfold.”

Chris Martenson added this ominous statement: “We are one sinking of an aircraft carrier away from the U.S. dollar being revealed as a fraud.”

---

INTERVIEW HERE

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

America is an oligarch

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Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by SIGNYM:

Quote:

---

I don't think that cutting taxes in THIS situation will reduce the deficit. - SIGNY

You can argue with CBO about that. Lettuce know how well that works for ya. - JSF

---

JSF, you posted ...

Quote:

---

You should try reading some news sometime, instead of 3-month old outdated gibberish, which every reasonable person knew it was when it was propagated.
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

---

I went to the CBO website and there was NOTHING there like this. So if you have information that none of us have ... LINKS, PLEASE?

Quote:

---

To be technically accurate, I don't believe any reasonable projection has indicated the Obamanomics bloat will be halted soon enough to actually reduce the Debt in that timeframe, but the CBO was comparing the projections from before the Tax Reform, and then comparing again a few weeks later.

---

As I requested: LINKS, PLEASE?

Quote:

---

So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.- SIGNY

Why don't you like Repatriation of Capital?- JSF

---

It's not that I don't like it, it's that I don't know exactly what it is or how its supposed to work. Here are two threads of thought that I have on the topic ....

1) It's possible to reduce imports into the USA by charging tariffs, and if the tariffs are high enough you can essentially block certain imports. BUT, just because there is a deficit of (say) automobiles in the USA and (because of reduced supply and steady demand) the price goes up from $25,000 to $50,000, altho that represents an investment opportunity, that doesn't necessarily mean that any company will actually step in and invest. Perhaps the total investment is too high, or interest rates are too high, so altho the "environment" might be good, actual investment might not happen.

2) At the same time, if taxes allow profit to remain in the USA, PERHAPS that money would be used for investment.

So possibly between a "push" (availability of money) and a "pull" (demand for product) the right investment would happen to re-industrialize America, but it seems a bit indirect/ uncertain.

---

??
Did you miss the news of Apple's Repatriation of Capital, about $380 Billion worth? They contributed something like $38 Billion to Federal Revenue coffers.
Yes, they decided to contribute that much Taxes.



For the CBO stuff, I can't easily do linkies right now.
You can try this: go to this post fireflyfans.net/mthread.aspx?bid=18&tid=61505&mid=1056025
If that explanation is not enough for you, check the source data at CBO. They don't make it easy, and their written reports are garbage, hoping you won't notice how badly they lied the last month, every month. Use one of the links in that thread for CBO publications, and change the number to 53651 for the April report, and then 53884 for the May report.
IIRC, you want to look at the numbers at the end of the next decade, and compare. They tried very hard to obfuscate, but the numbers really are there.

Hopefully that gets you what you want.

The figures I posted above and you quoted are from recall and are slightly off, but the figures at the linked post are correct.

The April report is the Fake one, published so they could generate some Fake News headlines. That's the one where they say Tax Reform will add $1.9 Trillion to the Debt, compared to what they had projected previously.
The May report is where they backtracked to the vicinity of reality.
I posted the figures side by side in this post from that thread: 1053414.

---

Did that work for ya?

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Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by SIGNYM:

Quote:

---

I don't think that cutting taxes in THIS situation will reduce the deficit. - SIGNY

You can argue with CBO about that. Lettuce know how well that works for ya. - JSF

---

JSF, you posted ...

Quote:

---

You should try reading some news sometime, instead of 3-month old outdated gibberish, which every reasonable person knew it was when it was propagated.
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

---

I went to the CBO website and there was NOTHING there like this. So if you have information that none of us have ... LINKS, PLEASE?

Quote:

---

To be technically accurate, I don't believe any reasonable projection has indicated the Obamanomics bloat will be halted soon enough to actually reduce the Debt in that timeframe, but the CBO was comparing the projections from before the Tax Reform, and then comparing again a few weeks later.

---

As I requested: LINKS, PLEASE?

Quote:

---

So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.- SIGNY

Why don't you like Repatriation of Capital?- JSF

---

It's not that I don't like it, it's that I don't know exactly what it is or how its supposed to work. Here are two threads of thought that I have on the topic ....

1) It's possible to reduce imports into the USA by charging tariffs, and if the tariffs are high enough you can essentially block certain imports. BUT, just because there is a deficit of (say) automobiles in the USA and (because of reduced supply and steady demand) the price goes up from $25,000 to $50,000, altho that represents an investment opportunity, that doesn't necessarily mean that any company will actually step in and invest. Perhaps the total investment is too high, or interest rates are too high, so altho the "environment" might be good, actual investment might not happen.

2) At the same time, if taxes allow profit to remain in the USA, PERHAPS that money would be used for investment.

So possibly between a "push" (availability of money) and a "pull" (demand for product) the right investment would happen to re-industrialize America, but it seems a bit indirect/ uncertain.

---

??
Did you miss the news of Apple's Repatriation of Capital, about $380 Billion worth? They contributed something like $38 Billion to Federal Revenue coffers.
Yes, they decided to contribute that much Taxes.



For the CBO stuff, I can't easily do linkies right now.
You can try this: go to this post fireflyfans.net/mthread.aspx?bid=18&tid=61505&mid=1056025
If that explanation is not enough for you, check the source data at CBO. They don't make it easy, and their written reports are garbage, hoping you won't notice how badly they lied the last month, every month. Use one of the links in that thread for CBO publications, and change the number to 53651 for the April report, and then 53884 for the May report.
IIRC, you want to look at the numbers at the end of the next decade, and compare. They tried very hard to obfuscate, but the numbers really are there.

Hopefully that gets you what you want.

The figures I posted above and you quoted are from recall and are slightly off, but the figures at the linked post are correct.

The April report is the Fake one, published so they could generate some Fake News headlines. That's the one where they say Tax Reform will add $1.9 Trillion to the Debt, compared to what they had projected previously.
The May report is where they backtracked to the vicinity of reality.
I posted the figures side by side in this post from that thread: 1053414.

---

Did that work fo

NOTIFY: Y  | REPLY  | REPLY WITH QUOTE  | PERMALINK  | TOP  | HOME

Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by SIGNYM:

Quote:

---

I don't think that cutting taxes in THIS situation will reduce the deficit. - SIGNY

You can argue with CBO about that. Lettuce know how well that works for ya. - JSF

---

JSF, you posted ...

Quote:

---

You should try reading some news sometime, instead of 3-month old outdated gibberish, which every reasonable person knew it was when it was propagated.
A few weeks later, the CBO announced that they were off by $2.95 Trillion, and the Trump Tax Reform would actually reduce the debt by $1.45 Trillion, after several years of first paying back the $1.5 Trillion.

---

I went to the CBO website and there was NOTHING there like this. So if you have information that none of us have ... LINKS, PLEASE?

Quote:

---

To be technically accurate, I don't believe any reasonable projection has indicated the Obamanomics bloat will be halted soon enough to actually reduce the Debt in that timeframe, but the CBO was comparing the projections from before the Tax Reform, and then comparing again a few weeks later.

---

As I requested: LINKS, PLEASE?

Quote:

---

So, I do NOT agree with Trump's tax cut, unless there's something about "repatriation of capital" that I don't understand. When I have more time I'll research it.- SIGNY

Why don't you like Repatriation of Capital?- JSF

---

It's not that I don't like it, it's that I don't know exactly what it is or how its supposed to work. Here are two threads of thought that I have on the topic ....

1) It's possible to reduce imports into the USA by charging tariffs, and if the tariffs are high enough you can essentially block certain imports. BUT, just because there is a deficit of (say) automobiles in the USA and (because of reduced supply and steady demand) the price goes up from $25,000 to $50,000, altho that represents an investment opportunity, that doesn't necessarily mean that any company will actually step in and invest. Perhaps the total investment is too high, or interest rates are too high, so altho the "environment" might be good, actual investment might not happen.

2) At the same time, if taxes allow profit to remain in the USA, PERHAPS that money would be used for investment.

So possibly between a "push" (availability of money) and a "pull" (demand for product) the right investment would happen to re-industrialize America, but it seems a bit indirect/ uncertain.

---

??
Did you miss the news of Apple's Repatriation of Capital, about $380 Billion worth? They contributed something like $38 Billion to Federal Revenue coffers.
Yes, they decided to contribute that much Taxes.



For the CBO stuff, I can't easily do linkies right now.
You can try this: go to this post fireflyfans.net/mthread.aspx?bid=18&tid=61505&mid=1056025
If that explanation is not enough for you, check the source data at CBO. They don't make it easy, and their written reports are garbage, hoping you won't notice how badly they lied the last month, every month. Use one of the links in that thread for CBO publications, and change the number to 53651 for the April report, and then 53884 for the May report.
IIRC, you want to look at the numbers at the end of the next decade, and compare. They tried very hard to obfuscate, but the numbers really are there.

Hopefully that gets you what you want.

The figures I posted above and you quoted are from recall and are slightly off, but the figures at the linked post are correct.

The April report is the Fake one, published so they could generate some Fake News headlines. That's the one where they say Tax Reform will add $1.9 Trillion to the Debt, compared to what they had projected previously.
The May report is where they backtracked to the vicinity of reality.
I posted the figures side by side in this post from that thread: 1053414.

---

Hopefully this linky will wo

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T


Trump the moron starts trade wars with the rest of the world including our best allies. Millions of Americans well being are in jeopardy. Whats Trumps next move? If he's not on the campaign trail he's on vacation golfing.

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SIGNYM

Monday, January 14, 2019 11:21 PM

The "disaster" occurred in stages, beginning with Nixon and his visit to China, and continuing thru Bush I, Clinton, Bush II, and Obama, as their policies progressively "offshored" manufacturing in favor of financial speculation as a source of profit.

Can Trump reverse the disaster?

Not even in three terms as President. In order to grow manufacturing at home, he would need to do far more than tariff imports and give tax cuts to corporations, "hoping" that they would invest that money in factories instead of stock buybacks. He would need to cut out the Fed and the banks, and DIRECTLY provide loans and credits to critical manufacturing facililties, and he would need to do this over at least 15 years ... because you can't reverse 40 years of depredation in a dozen years.

What he HAS done is call attention to this very important problem. Hopefully, other politicians and pundits will start paying attention, too, and start crafting policies to reverse our decay.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

"The messy American environment, where most people don't agree, is perfect for people like me. I CAN DO AS I PLEASE." - SECOND

America is an oligarchy http://www.fireflyfans.net/mthread.aspx?tid=57876 .

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Chinese Trade Official Laughs Out Loud at Trump

It all started when Trump was asked a question about how long he thought that the so-called memorandums of understanding would last in an agreement with China. Earlier reports noted negotiators have been writing up several MOUs in key areas that would make up the outline of a larger deal. It was an easy enough question but Trump decided to suddenly expound on his feelings about MOUs in general.

“I don’t like MOUs because they don’t mean anything. To me they don’t mean anything. I think you’re better off just going into a document. I was never … a fan of an MOU,” Trump said. It could have ended there but Lighthizer decided to jump in and although he didn’t look directly at the president, it certainly looked like he was contradicting his boss. “An MOU is a binding agreement between two people,” he said. “It’s detailed. It covers everything in great detail. It’s a legal term. It’s a contract.”

Trump looked annoyed as Lighthizer was talking and as soon as he was done, he said that Lighthizer's words were meaningless to Trump. “By the way, I disagree,” Trump told reporters and the gathered Chinese delegation. It was at that point that Vice Premier Liu He, the top Chinese negotiator, laughed out loud. “I think that a Memorandum of Understanding is not a contract to the extent that we want,” Trump said. “We’re doing a Memorandum of Understanding that will be put into a final contract, I assume. But to me the final contract is really the thing, Bob, and I think you mean that too.” And then he went on to note that “the real question” was “how long will it take to put that into a final binding contract?”

This appeared to be the latest instance of Trump seemingly being more worried about how an agreement was marketed than what it actually contained. It happened last year as well, when Trump was responsible for pushing a name change to the North American Free Trade Agreement, known as Nafta, to the U.S.-Mexico-Canada Agreement, or USMCA.

More at https://slate.com/news-and-politics/2019/02/robert-lighthizer-trump-me
morandums-understanding.html

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Lighthizer's an idiot.

Not only is it "A MOU", not "An MOU", but his definition is comically exactly the opposite of reality when he says “An MOU is a binding agreement between two people,” he said. “It’s detailed. It covers everything in great detail. It’s a legal term. It’s a contract.”


These old idiots need to learn how to Google.

Quote:

---

A memorandum of understanding (MOU) is a nonbinding agreement between two or more parties outlining the terms and details of an understanding, including each parties' requirements and responsibilities. An MOU is often the first stage in the formation of a formal contract.

---

https://www.investopedia.com/terms/m/mou.asp

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:
Lighthizer's an idiot.

Not only is it "A MOU", not "An MOU", but his definition is comically exactly the opposite of reality when he says “An MOU is a binding agreement between two people,” he said. “It’s detailed. It covers everything in great detail. It’s a legal term. It’s a contract.”


These old idiots need to learn how to Google.

Quote:

---

A memorandum of understanding (MOU) is a nonbinding agreement between two or more parties outlining the terms and details of an understanding, including each parties' requirements and responsibilities. An MOU is often the first stage in the formation of a formal contract.

---

https://www.investopedia.com/terms/m/mou.asp

Do Right, Be Right. :)

---

6ixStringJack, the negotiation moved on without you: Lighthizer eventually ended up realizing there was no point in fighting the issue and made it clear the term MOU would no longer be part of the negotiations. “From now on we’re not using the word memorandum of understanding anymore. We’re going to use the term trade agreement, all right?” Lighthizer said.
“OK,” the Chinese vice premier replied.
“Assuming you decide on an agreement … it’ll be a trade agreement between the United States and China,” Lighthizer told Trump directly. The boss was pleased.
“Good,” Trump said. “I like that much better.”

https://slate.com/news-and-politics/2019/02/robert-lighthizer-trump-me
morandums-understanding.html

6ixStringJack, you have got to remember that the negotiation is being done in two languages, not all English. And if the Chinese don't want to use the term MOU in the same way as investopedia uses MOU, then the Chinese will find another term to cover the idea that one part of the treaty, of a multipart treaty, is set in concrete and the negotiators don't talk about it anymore because they have agreed, even though other parts of the treaty are still being negotiated.

The concept is completely alien to a guy like Trump. Once the Trumps of the World make an agreement, they feel perfectly free to change anything they please. Nothing is ever set in concrete for a Trump. Everything is fluid. Which is why the Trumps of the World cannot be trusted to keep an agreement, even after they sign. Instead, the Trumps of the World go to court to bend things. Or they just plain cheat and lie.


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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That's fine. I'm not speaking of the whole issue and facts that you brought up after my post.

Lighthizer was wrong. Dead wrong.


The entire article that Daniel Politi wrote was predicated on the erroneous belief that Lighthizer was correct when he said that.

Quote:

---

This appeared to be the latest instance of Trump seemingly being more worried about how an agreement was marketed than what it actually contained. It happened last year as well, when Trump was responsible for pushing a name change to the North American Free Trade Agreement, known as Nafta, to the U.S.-Mexico-Canada Agreement, or USMCA.

---

So, because his entire premise was bullshit, the summary statement he wrapped the article up with is bullshit.

Politi is an idiot too.


I'll refrain from calling you an idiot as well for posting the article. I have my suspicions that you were smart enough to know that this was bullshit, but you posted it anyways because you know that most of the people here are stupid enough to buy it.

Do Right, Be Right. :)

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6ix, the NAFTA renegotiations began on August 16, 2017. President Trump appointed U.S. Trade Representative Robert Lighthizer to represent the United States. That is the same Lighthizer negotiating with China. You might look at that USMCA deal before forming an opinion about Lighthizer's knowledge, Nafta, China, negotiating in general (how it is done, what is possible), Trump's trade policy (less imports, more exports, and Trump thinks he can decrease imports without decreasing exports. He cannot).
www.thebalance.com/donald-trump-nafta-4111368

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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What is with the constant double speak?

Just say, you're right 6.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:
What is with the constant double speak?

Just say, you're right 6.

Do Right, Be Right. :)

---

Do you want to be told that you were correct to vote for Trump because he knows what he is doing about foreign trade? But Trump does not. It is Robert Lighthizer who knows what is going on. Trump knows nothing. He is a big fat goddamn ignoramus with too many opinions about things he doesn't understand.
www.theguardian.com/global/video/2019/feb/25/donald-trump-clashes-with
-his-own-trade-chief-in-front-of-chinese-delegation-video

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Shanghai stocks just had their best day in more than three years after comments from the leaders of China and the United States brought investors piling back into the market.

The benchmark Shanghai Composite (SHCOMP) leaped 5.6% on Monday, its biggest daily percentage gain since July 2015, according to Reuters. That lifted it into a bull market, which is defined as a rise of at least 20% from a recent low.

Some of the encouragement came from US President Donald Trump, who announced that he'll delay a major tariff hike on Chinese exports . . .

The US government was due to hike tariffs on $200 billion of Chinese goods from 10% to 25% on March 2 if the two sides were unable to reach a deal before then. Trump didn't specify what the new deadline for raising tariffs would be . . .

www.cnn.com/2019/02/25/investing/us-and-china-trade-war-stocks/index.h
tml

Trump was not specific about anything other than whenever the next time he has a meeting with Xi, it would take place at his Mar-a-Lago resort in Florida. Trump has no idea of what he will be doing, but he will be doing it in Florida.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:
What is with the constant double speak?

Just say, you're right 6.

Do Right, Be Right. :)

---

Do you want to be told that you were correct to vote for Trump because he knows what he is doing about foreign trade? But Trump does not. It is Robert Lighthizer who knows what is going on. Trump knows nothing. He is a big fat goddamn ignoramus with too many opinions about things he doesn't understand.
www.theguardian.com/global/video/2019/feb/25/donald-trump-clashes-with
-his-own-trade-chief-in-front-of-chinese-delegation-video

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

No. I want to be told that I was correct that Lightheizer is an idiot that doesn't know what he's talking about and the guy who wrote the article is an idiot that doesn't know what he's talking about.

I'll never get you to admit that you're an idiot that doesn't know what he's talking about, but 2 out of 3 ain't bad.

Do Right, Be Right. :)

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Why does this thread seem to get bumped when the Markets are climbing? This time to the highest point in almost 4 months.

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Quote:

---

Originally posted by 6IXSTRINGJACK:

No. I want to be told that I was correct that Lightheizer is an idiot that doesn't know what he's talking about and the guy who wrote the article is an idiot that doesn't know what he's talking about.

I'll never get you to admit that you're an idiot that doesn't know what he's talking about, but 2 out of 3 ain't bad.

Do Right, Be Right. :)

---

A full-scale U.S.-China trade war appears to be on hold, and may be avoided altogether. The bad news is that if Trump does sign a trade deal with China, it will basically be because the Chinese are offering Trump a personal political payoff. What payoff?

Experts were asked what Trump really wants from his trade deal with China; the most popular answer was “tweetable deliveries.”

Sure enough, Trump has been crowing about what he portrays as big Chinese concessions, which all seem to involve China’s government ordering companies to buy U.S. agricultural products. In particular, the postponement of the trade war came after a Chinese pledge to buy 10 million tons of soybeans. This will please farmers.

What China is offering doesn’t at all get at the real U.S. national interests at stake, other than farming. But it does give Trump something to tweet about.

www.nytimes.com/2019/02/25/opinion/trump-trade-china.html

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Ah... so you still can't say I'm right. Noted.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:
Ah... so you still can't say I'm right. Noted.

Do Right, Be Right. :)

---

I do not agree that Lightheizer is the idiot to Trump's genius. I've heard both talk about subjects I have knowledge of. My conclusion is that Trump should be declared mentally incompetent while Lightheizer truly knows about what he speaks. And it's completely stupid for Trump selling out America to China just because the Chinese bought soybeans from farmers that Trump wants to vote for him in 2020.
www.politico.com/story/2018/12/26/trump-lighthizer-china-trade-war-107
5221
www.politico.com/news/robert-lighthizer

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:
Ah... so you still can't say I'm right. Noted.

Do Right, Be Right. :)

---

I do not agree that Lightheizer is the idiot to Trump's genius. I've heard both talk about subjects I have knowledge of. My conclusion is that Trump should be declared mentally incompetent while Lightheizer truly knows about what he speaks.

---

Once again, you're moving the goal posts.

I didn't say anything about Lighthizer's idiocy compared to Trump's genius.


I don't buy that you've followed anything Lighthizer has said about anything outside of this one instance either since you can't be bothered to even spell his name correctly.

Quote:

---

Originally posted by 6IXSTRINGJACK:
Lighthizer's an idiot.

Not only is it "A MOU", not "An MOU", but his definition is comically exactly the opposite of reality when he says “An MOU is a binding agreement between two people,” he said. “It’s detailed. It covers everything in great detail. It’s a legal term. It’s a contract.”


These old idiots need to learn how to Google.

Quote:

---

A memorandum of understanding (MOU) is a nonbinding agreement between two or more parties outlining the terms and details of an understanding, including each parties' requirements and responsibilities. An MOU is often the first stage in the formation of a formal contract.

---

https://www.investopedia.com/terms/m/mou.asp

---

If you can't admit that Lighthizer was dead wrong here, then I'm just going to end this conversation now because your partisanship is effecting your credibility about anything else you have to say on the matter.



Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

I'm just going to end this conversation now because your partisanship is effecting your credibility about anything else you have to say on the matter.

---

6ixStringJack, let’s cut through your superiority complex crap. This is the trade deficit with China for the last three years.

$346,996,500,000 2016
$375,576,400,000 2017
$382,331,500,000 2018 The final number will be larger when Dec 2018 deficit is included. It is not yet known.
www.census.gov/foreign-trade/balance/c5700.html

Do you see the trend?
The Chinese trade deficit is getting bigger and bigger under Trump. He said it would get smaller and smaller. Trump is a disaster when you look at the numbers.

Now that I think of it, Trump said the National Debt would get smaller and smaller. It is getting bigger and bigger, faster and faster. Trump is a disaster if you look at his numbers rather than listen to the sound of his voice.

“If you were against President Obama’s deficits and now you’re for the Republican deficits isn’t that the very definition of hypocrisy? Don’t you remember when Republicans howled to high heaven that President Obama was spending us into the gutter, spending us into oblivion?”
www.foxnews.com/politics/gop-lawmakers-seek-to-declare-22t-national-de
bt-a-security-threat

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

I'm just going to end this conversation now because your partisanship is effecting your credibility about anything else you have to say on the matter.

---

6ixStringJack, let’s cut through your superiority complex crap. This is the trade deficit with China for the last three years.

$346,996,500,000 2016
$375,576,400,000 2017
$382,331,500,000 2018 The final number will be larger when Dec 2018 deficit is included. It is not yet known.
www.census.gov/foreign-trade/balance/c5700.html

Do you see the trend?
The Chinese trade deficit is getting bigger and bigger under Trump. He said it would get smaller and smaller. Trump is a disaster when you look at the numbers.

Now that I think of it, Trump said the National Debt would get smaller and smaller. It is getting bigger and bigger, faster and faster. Trump is a disaster if you look at his numbers rather than listen to the sound of his voice.

“If you were against President Obama’s deficits and now you’re for the Republican deficits isn’t that the very definition of hypocrisy? Don’t you remember when Republicans howled to high heaven that President Obama was spending us into the gutter, spending us into oblivion?”
www.foxnews.com/politics/gop-lawmakers-seek-to-declare-22t-national-de
bt-a-security-threat

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

DID I STUTTER!

I don't give a shit about whatever it is you keep bringing up.

I'm talking about one simple article written about one stupid thing that one stupid guy said, who's stupid author's stupid point was predicated on the FALSE notion that the other stupid guy said something that wasn't stupid.

Quit changing the subject and just say "You're right, 6ix. That article was stupid.".

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

I'm just going to end this conversation now because your partisanship is effecting your credibility about anything else you have to say on the matter.

---

6ixStringJack, let’s cut through your superiority complex crap. This is the trade deficit with China for the last three years.

$346,996,500,000 2016
$375,576,400,000 2017
$382,331,500,000 2018 The final number will be larger when Dec 2018 deficit is included. It is not yet known.
www.census.gov/foreign-trade/balance/c5700.html

Do you see the trend?
The Chinese trade deficit is getting bigger and bigger under Trump. He said it would get smaller and smaller. Trump is a disaster when you look at the numbers.

Now that I think of it, Trump said the National Debt would get smaller and smaller. It is getting bigger and bigger, faster and faster. Trump is a disaster if you look at his numbers rather than listen to the sound of his voice.

“If you were against President Obama’s deficits and now you’re for the Republican deficits isn’t that the very definition of hypocrisy? Don’t you remember when Republicans howled to high heaven that President Obama was spending us into the gutter, spending us into oblivion?”
www.foxnews.com/politics/gop-lawmakers-seek-to-declare-22t-national-de
bt-a-security-threat

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

DID I STUTTER!

I don't give a shit about whatever it is you keep bringing up.

I'm talking about one simple article written about one stupid thing that one stupid guy said, who's stupid author's stupid point was predicated on the FALSE notion that the other stupid guy said something that wasn't stupid.

Quit changing the subject and just say "You're right, 6ix. That article was stupid.".

Do Right, Be Right. :)

---

Goddamn it, 6ix, you always focus on the trivial and insignificant. Nobody but Trump and you gives a shit about the difference between how the Chinese understand MOA and Trump's and your understanding. When the American negotiator is talking with the translator for the Chinese delegation, the American uses China's understanding of MOA, not yours or Trump's. And the bigger picture, beyond your ego, is that you never see Trump, at least if you look only at the numbers, is a big fat failure. Failure meaning everything he claims to have accomplished would have happened without Trump if Trump went golfing 24/7 for the last 2 years and left everything drifting in whatever direction the GOP controlled Congress pushed it.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Will Robert Lighthizer restrain Donald Trump’s impulse to take a headline-grabbing and self-defeating China deal? On Monday, Trump crowed to a White House gathering of the nation’s governors that “we’re going to have another summit, we’re going to have a signing summit, which is even better, so hopefully we can get that completed, but we’re getting very, very close.” The more Trump trumpets success before true game-changing progress has been agreed to, however, the more he creates pressure for a bad deal, and the more he undercuts his own negotiators.

Ever since China was admitted to the World Trade Organization in 2001, the trade imbalance between the United States and China has become more and more lopsided. In 2001, the deficit stood at $83 billion. In 2017, it reached $375 billion. Rather than moving toward a more open economy, as enthusiasts of WTO membership predicted, China has intensified its policies of state-led capitalism and protectionism. Combined with its outright technology theft, these policies have enabled China to achieve domination in industry after industry, with grave economic and geopolitical consequences for the U.S.

Robert Lighthizer, the U.S. trade representative, aims to change that. He is dead serious about using America’s economic and political leverage to reset the U.S.-China relationship.

There’s only one person who can undermine what Lighthizer is trying to achieve. That would be Donald Trump. Why? Because in the next few days or weeks, Trump is looking for a quick deal that gives him bragging rights, while Lighthizer is playing a long game for systemic change. The president’s predictably failed summit with North Korea’s Kim Jong Un, as he comes home to face the aftermath of the Michael Cohen hearings, only increases the pressure for a successful “signing summit” on trade with China’s Xi Jinping.

Should that happen, it will be a stunning defeat for America. To date, says China journalist and scholar James Mann, “Lighthizer has been the driving force in persuading Trump not to take deals that would generate headlines but not alter China’s system.” It will take something close to a miracle for Lighthizer to prevail again this time.

More at https://prospect.org/article/trumps-one-good-appointee

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by JEWELSTAITEFAN:
Why does this thread seem to get bumped when the Markets are climbing? This time to the highest point in almost 4 months.

---

And yet again today Dow climbed above 26,000 - and here we have another bump of the thread.

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Quote:

---

Originally posted by JEWELSTAITEFAN:

And yet again today Dow climbed above 26,000 - and here we have another bump of the thread.

---

The good news the markets were reacting to is the trade deficit with China will break $400 billion in December 2018, biggest deficit in history. But Trump had promised the smallest deficit. The markets realized the President is weak and ineffectual, a eunuch to be ignored.
www.census.gov/foreign-trade/balance/c5700.html

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

I'm just going to end this conversation now because your partisanship is effecting your credibility about anything else you have to say on the matter.

---

6ixStringJack, let’s cut through your superiority complex crap. This is the trade deficit with China for the last three years.

$346,996,500,000 2016
$375,576,400,000 2017
$382,331,500,000 2018 The final number will be larger when Dec 2018 deficit is included. It is not yet known.
www.census.gov/foreign-trade/balance/c5700.html

Do you see the trend?
The Chinese trade deficit is getting bigger and bigger under Trump. He said it would get smaller and smaller. Trump is a disaster when you look at the numbers.

Now that I think of it, Trump said the National Debt would get smaller and smaller. It is getting bigger and bigger, faster and faster. Trump is a disaster if you look at his numbers rather than listen to the sound of his voice.

“If you were against President Obama’s deficits and now you’re for the Republican deficits isn’t that the very definition of hypocrisy? Don’t you remember when Republicans howled to high heaven that President Obama was spending us into the gutter, spending us into oblivion?”
www.foxnews.com/politics/gop-lawmakers-seek-to-declare-22t-national-de
bt-a-security-threat

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

DID I STUTTER!

I don't give a shit about whatever it is you keep bringing up.

I'm talking about one simple article written about one stupid thing that one stupid guy said, who's stupid author's stupid point was predicated on the FALSE notion that the other stupid guy said something that wasn't stupid.

Quit changing the subject and just say "You're right, 6ix. That article was stupid.".

Do Right, Be Right. :)

---

Goddamn it, 6ix, you always focus on the trivial and insignificant.

---

I'm looking for you to say that the article you posted was bullshit.

Quote:

---

Nobody but Trump and you gives a shit about the difference between how the Chinese understand MOA and Trump's and your understanding.

---

Maybe Trump does. I don't.

Quote:

---

When the American negotiator is talking with the translator for the Chinese delegation, the American uses China's understanding of MOA, not yours or Trump's.

---

How do you know that the Chinese got it wrong? How do you know that the Chinese view an MOA differently?

YOUR ARTICLE NEVER ONCE SAID THAT IT DID!!!!!!!!

It just quoted Lighthizer, an American who SHOULD HAVE FUCKING KNOWN WHAT AN MOA IS GIVING A DEFINITION FOR AN MOA THAT IS THE COMPLETE FUCKING OPPOSITE OF WHAT AN MOA IS!!!!!

Quote:

---

And the bigger picture, beyond your ego, is that you never see Trump, at least if you look only at the numbers, is a big fat failure. Failure meaning everything he claims to have accomplished would have happened without Trump if Trump went golfing 24/7 for the last 2 years and left everything drifting in whatever direction the GOP controlled Congress pushed it.

---

Meh...

All Presidents I've ever voted for or against were big fat failures. He's yet to do anything that would make me think he was in the top 3.

I'm not defending him here. He ain't my Daddy.

I'm just waiting for you to admit that your article you posted was bullshit.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

I'm just waiting for you to admit that your article you posted was bullshit.

Do Right, Be Right. :)

---

Okay, it is bullshit. So what did you win? Ignore the article, but I saw the video of Trump castigating Robert Lighthizer in front of the Chinese negotiators. What somebody should have done is made Trump leave the room because clients don't treat their lawyers like that in front the opposite lawyers. Well, Trump does. That is why Trump will lose this negotiation with China. He will declare a victory, but it won't be. China sees who is the weakling (Trump) who knows nothing about how to negotiate, probably because he had a ghost writer for Trump's The Art of the Deal.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

I'm just waiting for you to admit that your article you posted was bullshit.

Do Right, Be Right. :)

---

Okay, it is bullshit. So what did you win? Ignore the article, but I saw the video of Trump castigating Robert Lighthizer in front of the Chinese negotiators. What somebody should have done is made Trump leave the room because clients don't treat their lawyers like that in front the opposite lawyers. Well, Trump does. That is why Trump will lose this negotiation with China. He will declare a victory, but it won't be. China sees who is the weakling (Trump) who knows nothing about how to negotiate, probably because he had a ghost writer for Trump's The Art of the Deal.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

I win the ability to quote this.

It's good for you too. I've never seen you admit something like that before.

I'm proud of you, buddy.


Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

I win the ability to quote this.

It's good for you too. I've never seen you admit something like that before.

I'm proud of you, buddy.


Do Right, Be Right. :)

---

I have told many people over the years that they win. They won nothing; they understood nothing. I didn't give them anything tangible, but they sure as hell lost my interest because they couldn't grasp even the simplest things in the world I was telling them.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

I win the ability to quote this.

It's good for you too. I've never seen you admit something like that before.

I'm proud of you, buddy.


Do Right, Be Right. :)

---

I have told many people over the years that they win. They won nothing; they understood nothing. I didn't give them anything tangible, but they sure as hell lost my interest because they couldn't grasp even the simplest things in the world I was telling them.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

Cool man.

Do Right, Be Right. :)

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“I am a Tariff Man,” said Trump.

He also claimed that foreigners pay the tariffs he has been imposing.

Now, that last claim is something you can test. The results?

Foreigners paid approximately none of the bill.

U.S. companies and consumers paid all of it.

And the losses to U.S. consumers exceeded the revenue from the new tariffs, so the tariffs made America poorer overall.

Over the course of 2018 Trump imposed tariffs on about 12 percent of total U.S. imports, and many of those tariffs have been in effect long enough that we can get a first read on their consequences.

On Saturday economists from Columbia, Princeton, and the New York Federal Reserve released a paper, “The impact of the 2018 trade war on U.S. prices and welfare,” that used detailed import data to assess the tariffs’ impact. (The paper, by the way, is a beautiful piece of work.)
www.princeton.edu/~reddings/papers/CEPR-DP13564.pdf

How did they get this result? The U.S. government collects data on the prices and quantities of many categories of imports. Many of these categories faced new tariffs, but many others didn’t. So you can compare what happened to the tariffed imports to the de facto control group of untouched imports; this tells you the impact of the tariffs.

Under Trump’s vision, in which foreigners would have paid the tariffs, what you would have expected to see is falling prices for tariffed goods, offsetting the tariff, so that consumer prices didn’t change. What you actually see, however, is no visible effect of the tariffs on import prices. So foreign suppliers don’t seem to have absorbed any of the tariffs, which were fully passed on to consumers; tariff-inclusive prices (Figure 3, page 28 of the paper) have risen by the full amounts of the tariffs.

A simplified explanation of the paper’s conclusion that the tariffs have made America poorer is here:

www.nytimes.com/2019/03/03/opinion/how-goes-the-trade-war.html

By the way, in practice any manufacturing jobs added by the Trump tariffs are probably offset by losses of other manufacturing jobs.

Beyond that, the tariffs have probably contributed to a rising dollar, which makes U.S. exports less competitive.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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T


Fresh Jolt To India As USA Plans To End Preferential Trade Status To India

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Entrepreneurship was down 40% in 2018.

T

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The Trump administration’s trade war with China has turned out to be a windfall for Mexico.

Mexico has seen gains in shipments to the U.S. in categories in which competing Chinese goods were hit with tariffs. In all, U.S. imports of goods from Mexico surged to almost $350 billion last year, the fastest growth in seven years. That helped widen the U.S. trade deficit with Mexico by 15% to more than $80 billion, while our trade deficit with China increased by only 12%.

Mexico’s gain is evident across a diverse span of sectors. After the U.S. levied tariffs on metal ores and their byproducts, Mexico’s exports to the U.S. more than doubled, while China’s sank by a quarter.

The trade war also made the U.S. more reliant on produce from Mexico, already the biggest source of vegetables such as cauliflower, carrots and onions. In one stark example, imports of peeled garlic cloves from China sank by almost a quarter after receiving tariffs, while Mexican exports rose 54%.

I’m sure that soon Trump will sign a fabulous new deal with China that will make this all seem like peanuts. After all, trade wars are so easy to win—or so I’ve heard.

www.motherjones.com/kevin-drum/2019/03/our-trade-war-with-china-has-be
nefited-mexico/

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Trump’s China trade war is (mostly) pro-business

The China trade debate today is different from the one of 10 or 20 years ago, when labor unions were asking for protection against competition with low-wage Chinese labor. The point of getting tough on China, in those days, was to save American jobs from outsourcing by applying tariffs that would raise the cost of Chinese-made goods and thus discourage American companies from relying on Chinese factories for production.

Over the past five years, however, the China argument has shifted subtly.

Today, under Trump, the United States is primarily asking the Chinese government to enact policy changes that will make it easier for American companies to outsource jobs to China. That includes cracking down on Chinese theft of American intellectual property, paring back regulations that force Americans to form joint ventures with Chinese companies in order to do business there, and ending “forced technology transfer” policies that make American companies hand over valuable knowhow in order to gain access to the Chinese market.

It’s true that the tool Trump is using to try to get these concessions — tariffs — is the same as what labor was asking for in the mid-aughts. But the Trump administration’s policy goal isn’t to keep these tariffs in place to protect American jobs. It’s to remove the tariffs in exchange for the Chinese agreeing to make China a friendlier place for American companies to do business.

This agenda has sparked some backlash from the business community — especially from the farm lobby — because it’s bad for Americans who are heavily involved in exporting to China. But big business writ large is comfortable with this form of confronting China because it mostly serves to advance their interests. The fact that this trade war is easily confused for the kind of old-style populist protectionism that they oppose is, to big business, a feature rather than a bug. Trump is mobilizing anti-trade sentiments that corporate America worries about on behalf of an agenda that corporate America mostly supports.

www.vox.com/2019/6/5/18652791/trump-mexico-tariff-congressional-republ
icans

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by JEWELSTAITEFAN:

Quote:

---

Originally posted by JEWELSTAITEFAN:
Why does this thread seem to get bumped when the Markets are climbing? This time to the highest point in almost 4 months.

---

And yet again today Dow climbed above 26,000 - and here we have another bump of the thread.

---

And the last few days the markets are climbing like crazy. So another post here. Nitwits.

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Quote:

---

Originally posted by JEWELSTAITEFAN:
Nitwits.

---

House Republicans will likely remain as House Republican-y as ever, doing whatever Trump tells them to do and forcing a smile while they do it, but Senate Republicans, just about to a person, are apoplectic over the tariff proposal, which would start at 5 percent on all goods and increase each month until Mexico solves America’s immigration issues. The White House, in an effort that senators definitely interpreted as a slight, sent a couple of hapless lawyers to Senate Republicans’ Tuesday luncheon to field their questions about the policy. (The actual meaningful people in the administration were busy traipsing around England in silly little jackets.)

The lawyers were given a proper scorching. Oklahoma Sen. James Lankford said that the administration “is trying to use tariffs to solve every problem but HIV and climate change.” Wisconsin Sen. Ron Johnson told them that they would have trouble voting to sustain the president’s veto of a measure blocking the tariff. And Texas Sen. Ted Cruz, whose state would be particularly hard hit by the broad tariff on its neighbor, told the lawyers that he wanted them to take a message back to the White House: that they “didn’t hear a single yes” from the conference in support of the tariff.

https://slate.com/news-and-politics/2019/06/republicans-tariffs-trump-
mexico.html

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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I keep wondering when the trade war disaster is going to happen.

I'm not an ostrich. The US and global economies have been set up for a repeat meltdown because none of the problems of 2008 were fixed. And the current economic system is unsustainable at many levels.


But from the current state of affairs, Trump has been proved right about needing a wall, and not proved wrong in is approach to unsustainable trade practices.

Anyone care to guess a DATE where Trump's trade war becomes a real (as opposed to imaginary - ie 'fake news') disaster? I'll be happy to put it in the predictions thread for you.





And if democrats don't do anything different, how are they any better?
tic tac

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Quote:

---

Originally posted by 1kiki:
I keep wondering when the trade war disaster is going to happen.

Anyone care to guess a DATE where Trump's trade war becomes a real (as opposed to imaginary - ie 'fake news') disaster? I'll be happy to put it in the predictions thread for you.

---

1kiki, Trump is claiming victory when there is no victory in the War he started.

The differences between Clinton’s NAFTA — which Trump called the worst trade deal ever — and the Trump’s USMCA — of which Trump is very, very, very proud indeed: GREATEST TRADE DEAL EVER!! MAKES AMERICA GREAT!!!! — are either:

(a) trivial,

(b) parts of the Trump-nuked Trans-Pacific Partnership, or

(c) changes in auto parts rules of origin that are not on the manufacturers’ wish list and are not really on the United Auto Workers’ wish-list either.

How did this happen? Nobody can figure why Trump claims victory.

This has been Trump’s best strategy from the start: do something trivial and then market the hell out of it. Sure, there’s not much difference between NAFTA and New NAFTA, but there’s not much difference between Tide and New Tide, either. So what? It’s almost an axiom of marketing that success has no correlation with the actual quality of the product being sold.

Even Trump is probably smart enough to know that he can’t actually solve any of the problems he campaigned on. But he doesn’t care. He just needs something, anything, that allows him to claim victory.

www.bradford-delong.com/2019/06/eg-from-nafta-to-usmca-whats-new-and-w
hats-next-center-for-strategic-and-international-studies.html

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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The thread is about "Trump's Trade Wars - another disaster". A disaster which doesn't exist.

But, to avoid the topic and its very obvious problem, sloppyseconds farts - AGAIN!




And if democrats don't do anything different, how are they any better?
tic tac

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Quote:

---

Originally posted by 1kiki:
The thread is about "Trump's Trade Wars - another disaster". A disaster which doesn't exist.

But, to avoid the topic and its very obvious problem, sloppyseconds farts - AGAIN!

---

It is 1941, shortly after Pearl Harbor, and President Trump has declared the War is won. To prove it, he points to Washington D.C., where not a single building is in ruins. President Trump celebrates V-J Day in D.C. with a parade to honor his Mightiness as a Trade-Warrior! But overseas, Hitler, Mussolini and the Emperor are wondering What The Hell are the Republicans and their President celebrating? Then the Axis Powers continue their business of conquering the World, while the deluded Trump voters won't know for years that President Trump didn't win the Trade War.
www.history.com/topics/world-war-ii/v-j-day

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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I think Second releases more methane in the air while posting in the RWED than all of his cows do in a year from all the poison he feeds them.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:
I think Second releases more methane in the air while posting in the RWED than all of his cows do in a year from all the poison he feeds them.

Do Right, Be Right. :)

---

1kiki, everybody knows you are fucking moron that can't learn from experience. Or are you really going to dare to claim your life running well?

‘Trade wars are good, and easy to win’- Donald Trump
www.cnbc.com/2018/03/02/trump-trade-wars-are-good-and-easy-to-win.html


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by 6IXSTRINGJACK:
I think Second releases more methane in the air while posting in the RWED than all of his cows do in a year from all the poison he feeds them.

Do Right, Be Right. :)

---

This afternoon Trump declared himself victorious in his Trade Wars. He can do that because his supporters are stupid. (1kiki, 6ix, that is you. Do you realize I read the stuff you morons post about your lives over at http://fireflyfans.net/mthread.aspx?tid=58882 ? You are dumber and bigger failures than you know. You being highly articulate doesn't hide your weakness. Rather, it places a spotlight on what is wrong with you.) Imposing tariffs on Mexico would have left the United States fighting trade wars with two of its three largest trading partners and would further unnerve financial markets already on edge about a global economic slowdown:

Donald J. Trump @realDonaldTrump tweeted:

I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended. Mexico, in turn, has agreed to take strong measures to stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States. Details of the agreement will be released shortly by the State Department. Thank you!
5:31 PM - 7 Jun 2019
https://twitter.com/realDonaldTrump/status/1137155056044826626



The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:
I think Second releases more methane in the air while posting in the RWED than all of his cows do in a year from all the poison he feeds them.

Do Right, Be Right. :)

---

1kiki, everybody knows you are fucking moron that can't learn from experience. Or are you really going to dare to claim your life running well?

‘Trade wars are good, and easy to win’- Donald Trump
www.cnbc.com/2018/03/02/trump-trade-wars-are-good-and-easy-to-win.html


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

Was this a drunk post or something?

I won't even go into the grammatical errors here, and only point out that you quoted me but replied to 1kiki.



Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

Was this a drunk post or something?

I won't even go into the grammatical errors here, and only point out that you quoted me but replied to 1kiki.

---

6ix, 1kiki, Signym are no different then the fat dumb asses on the TV show My 600-lb Life. In every episode Dr. Now tells an obese patient to lose weight or die. Then the next scene is the dumb ass spraying an aerosol can of whipped cream directly in their mouth. Then the scene after is the fat-ass, having been weighted following a month of "dieting", telling Dr. Now that they can’t understand why they keep gaining. Then the doctor tells them to stop lying, straighten out their fucked up life, or they will die. 6ix, straighten out your fucked up life or you will die. 6ix, 1kiki, Signym, please stop spraying aerosol cans of whipped Trump directly in your mouths. It is disgusting.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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lol

Is that the only show you watch on TV other than the news?

I only ask because that's like the 12th time you've brought it up, and I'm in no way fat.




And I hate to be the bearer of bad news, buddy. But we're all going to die. All of your ill gotten riches aren't going to save you from that.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:
lol

Is that the only show you watch on TV other than the news?

I only ask because that's like the 12th time you've brought it up, and I'm in no way fat.




And I hate to be the bearer of bad news, buddy. But we're all going to die. All of your ill gotten riches aren't going to save you from that.

Do Right, Be Right. :)

---

I'm repeating myself: 6ix, 1kiki, Signym, please stop spraying aerosol cans of whipped Trump cream directly in your mouths. It is disgusting. And it will kill you.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:
lol

Is that the only show you watch on TV other than the news?

I only ask because that's like the 12th time you've brought it up, and I'm in no way fat.




And I hate to be the bearer of bad news, buddy. But we're all going to die. All of your ill gotten riches aren't going to save you from that.

Do Right, Be Right. :)

---

I'm repeating myself: 6ix, 1kiki, Signym, please stop spraying aerosol cans of whipped Trump cream directly in your mouths. It is disgusting. And it will kill you.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

Oh. I see what you mean now.

Well, in that case...

Trump is your president too! Neener Neener. I'm taking you down with me buddy.

Enjoy your second hand Trump cancer. Try not to choke on it.

Have a nice day.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

Oh. I see what you mean now.

Well, in that case...

Trump is your president too! Neener Neener. I'm taking you down with me buddy.

Enjoy your second hand Trump cancer. Try not to choke on it.

Have a nice day.

Do Right, Be Right. :)

---

I did not vote for Trump and I am not grateful for the multi-million dollar tax cut he gave me. He signed that tax bill because he would get an even bigger tax cut for himself. He is just some fat-ass ejaculating what Trump-voters want, an aerosol can of whipped Trump cream directly in their mouths.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

Oh. I see what you mean now.

Well, in that case...

Trump is your president too! Neener Neener. I'm taking you down with me buddy.

Enjoy your second hand Trump cancer. Try not to choke on it.

Have a nice day.

Do Right, Be Right. :)

---

I did not vote for Trump and I am not grateful for the multi-million dollar tax cut he gave me. He signed that tax bill because he would get an even bigger tax cut for himself. He is just some fat-ass ejaculating what Trump-voters want, an aerosol can of whipped Trump cream directly in their mouths.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

Well, great for you then.

My only question is, if it's going so awesome for you, what the fuck do you care?


Don't bother answering, idiot. It goes without saying, but because I'm talking to somebody with a low double digit IQ I'll point out that it was rhetorical.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

Well, great for you then.

My only question is, if it's going so awesome for you, what the fuck do you care?


Don't bother answering, idiot. It goes without saying, but because I'm talking to somebody with a low double digit IQ I'll point out that it was rhetorical.

Do Right, Be Right. :)

---

6ix, lots of insults, but there no sign that you understand what is wrong with Trump's trade war. Mexico and the US agreed on border policies months before Trump’s tariff threat. Trump made the tariff threat for show. After taking the economy hostage, Trump gloated about backing down on Mexican tariffs. Trump was just counting on Mexico surrendering for the greater good, like the real mother in the Judgment of Solomon, rather than see innocent people suffer at the hands of a sociopath.
www.cnn.com/2019/06/08/politics/nyt-trump-mexico-agreed-deal-months-ag
o/index.html

6ix, there is also no sign that you understand what is wrong with a 600-lb person. Or 300 pounder. There are a hundred million Americans that are not freakishly large enough to deserve a TV episode, but they are making the same mistakes as the 600 pounders. The TV show makes it perfectly clear that these people need to, and can, fix their own problems before they have surgery. Surgery only makes it easier for the problem to stay fixed for the rest of their lives. The typical Republican needs to stop being stupid about who is causing their personal problem: it is not the government -- it is themselves. 6ix, the Federal government can't fix you even if Trump is reelected.
Adult Obesity www.cdc.gov/obesity/data/adult.html

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:
6ix, lots of insults, but...

---

Shut up. All you do is insult people with every post.

Quote:

---

6ix, there is also no sign that you understand what is wrong with a 600-lb person. Or 300 pounder. There are a hundred million Americans that are not freakishly large enough to deserve a TV episode, but they are making the same mistakes as the 600 pounders. The TV show makes it perfectly clear that these people need to, and can, fix their own problems before they have surgery. Surgery only makes it easier for the problem to stay fixed for the rest of their lives. The typical Republican needs to stop being stupid about who is causing their personal problem: it is not the government -- it is themselves. 6ix, the Federal government can't fix you even if Trump is reelected.

---

Unlike you, I don't lie to everybody about the circumstances in my life. I'm pretty much an open book in these parts.

I'm doing just fine. Don't worry about me. Feel free to read about it in the garden and rain thread. You're welcome to join us in conversation there if you can behave like a human being for five minutes before you post there.



Do Right, Be Right. :)

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Letters sent from prison by the former Irish mob boss detailed his love for President Donald Trump and annoyance at the Mueller probe.

The former mob boss said he enjoys Trump's war against the media and that the President has his vote in the next election.

James "Whitey" Bulger wrote on a number of topics ranging from the first lady to the news media to Trump's foreign policy efforts.

“History may show Trump was the man of the hour,” Bulger wrote. “Feel China respects him and hesitant to try to bully him.”

Bulger also talked about Mueller, who led the FBI at a time when rogue agents had protected mob bosses like Bulger.

"Trump is experiencing what Mueller and company can orchestrate," Bulger said last September. "[Mueller] should observe biblical saying - 'Let he who is without sin cast the first stone.'"

More at Fox News www.foxnews.com/us/whitey-bulger-praised-trump-prison-letters

Quote:

---

Originally posted by 6IXSTRINGJACK:

Shut up. All you do is insult people with every post.

---

6ix, interestingly, Whitey Bulger's fellow prisoners beat him to death. I wonder why? Could it have something to do with Trump? I often wonder why no one in Indiana has beaten you to death. Is it because you hide inside most of the time with no contact on the outside?

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:
Letters sent from prison by the former Irish mob boss detailed his love for President Donald Trump and annoyance at the Mueller probe.

The former mob boss said he enjoys Trump's war against the media and that the President has his vote in the next election.

James "Whitey" Bulger wrote on a number of topics ranging from the first lady to the news media to Trump's foreign policy efforts.

“History may show Trump was the man of the hour,” Bulger wrote. “Feel China respects him and hesitant to try to bully him.”

Bulger also talked about Mueller, who led the FBI at a time when rogue agents had protected mob bosses like Bulger.

"Trump is experiencing what Mueller and company can orchestrate," Bulger said last September. "[Mueller] should observe biblical saying - 'Let he who is without sin cast the first stone.'"

More at Fox News www.foxnews.com/us/whitey-bulger-praised-trump-prison-letters

Quote:

---

Originally posted by 6IXSTRINGJACK:

Shut up. All you do is insult people with every post.

---

6ix, interestingly, Whitey Bulger's fellow prisoners beat him to death. I wonder why? Could it have something to do with Trump? I often wonder why no one in Indiana has beaten you to death. Is it because you hide inside most of the time with no contact on the outside?

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

More likely it's because Indiana is a state that always votes a Republican for president.

You'll actually find that almost the entire country does outside of large cities.

But I do take your meaning though. Wacko left wing extremists are extremely violent people, and Trump Derangement Syndrome hasn't been making them any nicer these last few years.



If you ever feel the urge to leave your cows roaming free and fly out to Indiana and give it a try yourself though, I'm your Huckleberry.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

More likely it's because Indiana is a state that always votes a Republican for president.

You'll actually find that almost the entire country does outside of large cities.

But I do take your meaning though. Wacko left wing extremists are extremely violent people, and Trump Derangement Syndrome hasn't been making them any nicer these last few years.

If you ever feel the urge to leave your cows roaming free and fly out to Indiana and give it a try yourself though, I'm your Huckleberry.

Do Right, Be Right. :)

---

Yes, 6ix, the Republicans will remain in control of the Federal government by the design of the Founding Fathers, slaveholders Washington, Jefferson and Madison. California’s 40 million people get two senators, while two Senators also represent states like Wyoming (578,000 people), Vermont (626,000 people), and Alaska (737,000 people). The 8 senators from California, Texas, Florida, and New York represented more people than the 68 senators from the smallest 34 states, which includes Indiana. It was a very clever design which has made the Federal government not a Democracy ruled by the majority. 68 Senators is a veto proof number that can do/stop pretty much whatever they please, leaving the majority of Americans out of luck at the Federal level of government.

www.vox.com/mischiefs-of-faction/2019/4/9/18300749/senate-problem-elec
toral-college

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Quote:

---

Originally posted by second:

Quote:

---

Originally posted by 6IXSTRINGJACK:

More likely it's because Indiana is a state that always votes a Republican for president.

You'll actually find that almost the entire country does outside of large cities.

But I do take your meaning though. Wacko left wing extremists are extremely violent people, and Trump Derangement Syndrome hasn't been making them any nicer these last few years.

If you ever feel the urge to leave your cows roaming free and fly out to Indiana and give it a try yourself though, I'm your Huckleberry.

Do Right, Be Right. :)

---

Yes, 6ix, the Republicans will remain in control of the Federal government by the design of the Founding Fathers, slaveholders Washington, Jefferson and Madison. California’s 40 million people get two senators, while two Senators also represent states like Wyoming (578,000 people), Vermont (626,000 people), and Alaska (737,000 people). The 8 senators from California, Texas, Florida, and New York represented more people than the 68 senators from the smallest 34 states. It was a very clever design which has made the Federal government not a Democracy ruled by the majority. 68 Senators is a veto proof number that can do pretty much whatever they please, leaving the majority of Americans out of luck at the Federal level of government.

www.vox.com/mischiefs-of-faction/2019/4/9/18300749/senate-problem-elec
toral-college

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

---

So I guess that's a no on the invite then.

Cool by me. Let me know whenever you're feeling like a real cowboy.

Do Right, Be Right. :)

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Quote:

---

Originally posted by 6IXSTRINGJACK:

So I guess that's a no on the invite then.

Cool by me. Let me know whenever you're feeling like a real cowboy.

Do Right, Be Right. :)

---

The closest I every came to Indiana is a month at the Marathon refinery in Canton Ohio. My impression was that the entire state was rusty iron and cracked concrete, but long work days in January didn't leave much time for sightseeing. I think Ohio needed to rebuild their man-made world and do it right this time instead of cheap. Rebuilding would create a lot of jobs and prosperity, but the Republican controlled states won't start until the Federal government provides free money from the larger and more successful economies like California and Texas. I doubt that will happen so long as Republicans are in a position to veto it in the Senate.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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How fortuitous for you. Looks like the government is saving somebody today after all.

If you ever change your mind and wanna find hell with me, come on up to Indiana and I'll show you what it's like.



Do Right, Be Right. :)

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Trump recently negotiated a trade deal with Mexico — a deal barely different from NAFTA, which Trump had called the “worst in history”. The whole point of trade deals is that they’re supposed to provide some certainty. The USMCA, like NAFTA, amounts to a promise by all three participants that they won’t arbitrarily impose new barriers to cross-border trade.

Then Trump went ahead and threatened major new tariffs on Mexico, not because it had violated its trade agreements, but because he didn’t like something that was happening on the border, a situation that has nothing to do with trade policy. So the USMCA appears, in practice, to be a solemn promise by the U.S. government not to impose tariffs on Mexican products … unless it feels like it.

And then, after all the dire warnings of what would happen if Mexico didn’t give Trump what he wanted, Trump appears to have backed down in return for a declaration that Mexico will do pretty much exactly what it had already promised to do before the threats: www.nytimes.com/2019/06/08/us/politics/trump-mexico-deal-tariffs.html

Now, the business world is extremely pleased that the trade war appears to have been called off. But it does look as if a Trump threat is worth about as much as a Trump promise: There’s no particular reason to believe that he’ll actually go through with it.

The only thing we can be sure of is that whatever happens, Trump will claim to have achieved a great victory: Donald J. Trump @realDonaldTrump
MEXICO HAS AGREED TO IMMEDIATELY BEGIN BUYING LARGE QUANTITIES OF AGRICULTURAL PRODUCT FROM OUR GREAT PATRIOT FARMERS!
5:03 AM - 8 Jun 2019
https://twitter.com/realDonaldTrump/status/1137329348409778177

In the case of the Mexican standoff, this may not seem too bad. But think about what it means when foreign leaders know that the President is:

(a) gullible
(b) easily susceptible to flattery and
(c) eager to proclaim victory, and unwilling to admit that he didn’t actually get anything significant.

Basically, this turns America into a systematic chump. Hold a summit, flatter Trump’s vanity, let him issue a communique claiming vast achievement, then go on doing whatever you wanted to do. Just ask North Korea’s Kim, who snookered Trump into thinking he’d made major concessions, went right back to building up his nuclear attack capacity, and still gets praised by Trump as our allies watch in horror.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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I keep looking for the trade war disaster that 'Crunchy as a brick' posted about, that presumably happened sometime before Wednesday, July 25, 2018 2:35 PM. Where is it?


Or maybe our champion farter can tell us all when it's supposed to happen in the future rl, instead of in Crunchy's fevered imagination. But despite looking very, very closely for that precious OT prediction, all I find are more farts from the farter ... about everything BUT the actual topic.

How about it, farter? Any predictions when this trade war disaster is supposed to unfold?






And if democrats don't do anything different, how are they any better?
tic tac

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