Originally posted by eThneoLgrRnae
Nah, he wasn't. I'll put my faith in the highly successful businessman over some random person on the internet any day of the week.Keep up the "trade wars" if that's what it takes, Mr. President. 👆
In reality, Trump appears to have lost more money than nearly any other individual American taxpayer.
Originally posted by Adam_PoE
In reality, [b]Trump appears to have lost more money than nearly any other individual American taxpayer. [/B]
I wish so so so badly that I could have been a consultant for him and got to keep 10% of all the money I saved him or generated in new revenue.
I would be so absurdly rich. I hate it that I was born into poverty because I have to work so hard to climb up the SES ladder to accumulate skills, education, money, and reputation. 🙁
Originally posted by dadudemonCan relate, but it makes you value what you get more because it's yours.
I wish so so so badly that I could have been a consultant for him and got to keep 10% of all the money I saved him or generated in new revenue.I would be so absurdly rich. I hate it that I was born into poverty because I have to work so hard to climb up the SES ladder to accumulate skills, education, money, and reputation. 🙁
Originally posted by eThneoLgrRnae
Yep. That's the way it works. When other nations rip us off to the extent that China has been doing to us for many years then there damn well should be consequences to them. F*** this "turning the other cheek" or "taking it up the a** w/no vaseline" BS we got from the last joke of a "president".As I said before, the sissy Obama-era days are over with and I guarantee you that most hard-working middle americans approve of what our great president is doing. 👆
Jokes aside, it's less about turning the other cheek and more about finding the most pragmatic solution to boneheads being boneheads. And by boneheads, I mean politicians.
Originally posted by eThneoLgrRnae
Nah, he wasn't. I'll put my faith in the highly successful businessman over some random person on the internet any day of the week.Keep up the "trade wars" if that's what it takes, Mr. President. 👆
Which is why I'm trying to understand you here. I'm no Trump fan but, like Surtur, I totally hope Trump proves everyone wrong and solves all of our problems. It'd be silly to hope for anything else.
I just wonder how tenable this policy actually is. Do you see this working in the short term? Long term? In the event it fails, how do we deal with the damage done? The USDA dropping billions annually, just on this one group of folks, isn't a small amount of money.
Dow drops more than 500 points as China trade war escalates
Stocks fell sharply on Monday, heading for their worst day since Jan. 3, after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies. -snip
Here are Monday’s worst stock-market performers as U.S.-China trade dispute escalates
All but two of the Dow 30 were down, as Apple posts the biggest decline
Following a week of losses, investors were faced Monday with a heavy sell-off of U.S. stocks.
Following President Trump’s decision to increase tariffs to 25% from 10% on $200 billion in annual imports from China, which went into effect Friday, China said it would set 25% tariffs on $60 billion in annual imports from the U.S. on June 1. -snip
Why you should never start a trade war with an autocracy
ECONOMISTS OFTEN argue that trade wars cannot be won. Yet they will be among the few beneficiaries from America’s barrage of tariffs. For decades, rich countries’ sound trade policies denied academics cases of ***-for-tat protectionism to study. But new American taxes on many goods from China and metals from everywhere have produced the data set of their dreams.
America’s government seems unfazed by the damage its tariffs do to the economy. One study by scholars at the Federal Reserve and Princeton and Columbia Universities found that the new levies have raised costs for consumers by $1.4bn per month. -snip
Re: China needs us more than we need them
Originally posted by eThneoLgrRnae
FAF Trish Reagan has something to say about this:
lol Apparently, the chinese weren't too happy with what Trish said in the video above because their state-run media targeted her (a private citizen):
Dow drops 400 points as Wall Street braces for deeper trade war
Wall Street is coming to grips with the idea that the US-China trade war will get worse before it gets better.
The Dow dropped as much as 444 points, or 1.7%, on Thursday on fears about the tariff battle slowing global growth and dinging corporate profits. The Dow was recently down about 400 points.
The S&P 500 slumped 1.5%, while the Nasdaq lost 1.8%.
China-sensitive stocks like Apple (AAPL), Boeing (BA) and Nvidia (NVDA) tumbled. Trade war fears helped set off 6% plunge in oil prices --crude's worst day since Christmas Eve. And that drove energy stocks like Hess (HES) and Halliburton (HAL) sharply lower. -snip
Trump Gives Farmers $16 Billion in Aid Amid Prolonged China Trade War
The United States and China are digging in for a prolonged trade war, with the Trump administration unveiling a new $16 billion bailout for farmers hurt by Beijing’s tariffs on Thursday and more companies saying they are redirecting supply chains away from China.
Global markets tumbled as investors began coming to terms with the idea that President Trump’s trade war is here to stay. Benchmark indexes in China, Germany, France and the United States all dropped. American crude oil prices were down roughly 5 percent, amid growing concern that the ongoing trade war would start to drag on global economic demand. The yield on the 10-year Treasury note fell to its lowest level this year, in a sign investors were pricing in lower levels of growth and inflation. -snip
Trump having to give farmer's yet another tax-funded bailout due to his trade warz. #maga
-tank the economy by starting a trade war with other countries to bring manufacturing jobs back to America
-balloon government spending to ramp up your war on immigration so illegals arent taking american jobs
-do absolutely nothing in any way to curtail, restrict or counteract the effects of automation, which is projected to wipe out more then 40% of the job market in the next 50 years while replacing barely even a 10th of jobs lost
what did the president of the united states mean by this hmm
Dow heads for fifth straight negative week, longest losing streak since 2011
Stocks were headed for weekly losses on Friday as investors worry the U.S.-China trade war is hurting economic growth.
The Dow Jones Industrial Average is down about 1% this week and is on pace to post its fifth consecutive weekly decline, its longest since 2011. The S&P 500 and Nasdaq Composite were headed for a third straight week of losses, their longest since December 2018. -snip
#maga