Trumpenomics

[jon-nyc]

Trump admin expected to impose large fees on Chinese ships. A guy in logistics describes how that will effect smaller ports like Boston and New Orleans.

[jon-nyc]

A lot of right wing guys who spent the last two days telling us most people don’t own stocks and the market isn’t the economy went on to take premature victory laps this morning when the market was up.

[Horace]

Heads they win, tails we lose.

The more common strategy is to dismiss anybody who cares as a "wealthy wall streeter". That this is the price we need to pay, for main street.

But there are so many people on main street with 401ks, depending on them for their retirements. Not to mention the whole job loss and recession thing, which won't go well for main street either.

[89th]

More like Pain Street amirite

[Horace]

Senator Kennedy begs Trump to take deals and end the tariffs:

Link to video

[89th]

Maybe I'm just not watching the news enough, but I don't have clarity on what the end goal truly is for all of this. Manufacturing back into the USA? Lower tariffs against USA imports in other countries?

[Horace]

@89th said in Trumpenomics:

Maybe I'm just not watching the news enough, but I don't have clarity on what the end goal truly is for all of this. Manufacturing back into the USA? Lower tariffs against USA imports in other countries?

Do more manufacturing, and get better trade deals with other countries.

I'm sure they'll both happen to some extent, but the cost will be a likely recession, with small and medium sized businesses harmed the most.

[LuFins Dad]

@Horace said in Trumpenomics:

Senator Kennedy begs Trump to take deals and end the tariffs:

Link to video

The comments are disturbing.

[Doctor Phibes]

@LuFins-Dad said in Trumpenomics:

The comments are disturbing.

I shouldn't worry, you're sampling a subset of people who feel the best use of their time in contributing to this debate is to post remarks on YouTube.

[Jolly]

@Doctor-Phibes said in Trumpenomics:

@LuFins-Dad said in Trumpenomics:

The comments are disturbing.

I shouldn't worry, you're sampling a subset of people who feel the best use of their time in contributing to this debate is to post remarks on YouTube.

At times, your hatred of all things political causes you to descend into absolute stupid supposed witicisms. Do you know John Kennedy? Ever sat across the room from him and listened to him work a meeting? Ever watch him go through a financial spreadsheet?

[Doctor Phibes]

@Jolly said in Trumpenomics:

At times, your hatred of all things political causes you to descend into absolute stupid supposed witicisms. Do you know John Kennedy? Ever sat across the room from him and listened to him work a meeting? Ever watch him go through a financial spreadsheet?

I wasn't commenting on Kennedy's speech in any way, shape or form. I was commenting on the YouTube comments to it, which I believe is what LD was referring to.

Do try and keep up.

And if you're going to call me stupid, at least check your spelling first

[Jolly]

Here, enjoy somebody who is actually witty...

[jon-nyc]

[Renauda]

@Horace said in Trumpenomics:

Senator Kennedy begs Trump to take deals and end the tariffs:

I more or less like what the good senator is at pains to portray. Whether I believe it is practical is another matter given the mercurial character of the current Oval Office demogogue. As such, I think Kennedy’s noble quest is futile and amounts to little more than trying to make candy from a turd.

[jon-nyc]

Ackmam shares some emails he’s getting from small businesses he invests in.

[jon-nyc]

China announces 84% additional tariffs on US. And orders its banks to reduce treasury holdings.

We have several trillion of debt that needs to be rolled over by June and interest rates are rising.

Normally when stocks drops bonds go up - “flight to safety”. We’re losing that thanks to one crazy man.

Summers called this the first ever iatrogenic financial crisis.

[Horace]

@Jolly said in Trumpenomics:

@Doctor-Phibes said in Trumpenomics:

@LuFins-Dad said in Trumpenomics:

The comments are disturbing.

I shouldn't worry, you're sampling a subset of people who feel the best use of their time in contributing to this debate is to post remarks on YouTube.

At times, your hatred of all things political causes you to descend into absolute stupid supposed witicisms. Do you know John Kennedy? Ever sat across the room from him and listened to him work a meeting? Ever watch him go through a financial spreadsheet?

Maybe you didn't watch the video, but Senator Kennedy, who I think almost everybody here likes and respects, believes the tariffs are bad for the American economy. He affectionately calls Trump the dog that caught the car, and he thinks the only way forward from there is to use tariffs as a temporary negotiating tactic. Not a permanent trade barrier.

[Doctor Phibes]

@Horace said in Trumpenomics:

@Jolly said in Trumpenomics:

@Doctor-Phibes said in Trumpenomics:

@LuFins-Dad said in Trumpenomics:

The comments are disturbing.

I shouldn't worry, you're sampling a subset of people who feel the best use of their time in contributing to this debate is to post remarks on YouTube.

At times, your hatred of all things political causes you to descend into absolute stupid supposed witicisms. Do you know John Kennedy? Ever sat across the room from him and listened to him work a meeting? Ever watch him go through a financial spreadsheet?

Maybe you didn't watch the video, but Senator Kennedy, who I think almost everybody here likes and respects, believes the tariffs are bad for the American economy. He affectionately calls Trump the dog that caught the car, and he thinks the only way forward from there is to use tariffs as a temporary negotiating tactic. Not a permanent trade barrier.

I thought Kennedy did a very good job of appearing to flatter Trump whilst telling him to pull his finger out of his ass.

Say Jolly, I said something positive about a politician!

[jon-nyc]

Looks like people stopped building factories. American machine tool company sees dramatic drop in demand.

[Jolly]

@Horace said in Trumpenomics:

@Jolly said in Trumpenomics:

@Doctor-Phibes said in Trumpenomics:

@LuFins-Dad said in Trumpenomics:

The comments are disturbing.

I shouldn't worry, you're sampling a subset of people who feel the best use of their time in contributing to this debate is to post remarks on YouTube.

At times, your hatred of all things political causes you to descend into absolute stupid supposed witicisms. Do you know John Kennedy? Ever sat across the room from him and listened to him work a meeting? Ever watch him go through a financial spreadsheet?

Maybe you didn't watch the video, but Senator Kennedy, who I think almost everybody here likes and respects, believes the tariffs are bad for the American economy. He affectionately calls Trump the dog that caught the car, and he thinks the only way forward from there is to use tariffs as a temporary negotiating tactic. Not a permanent trade barrier.

Kennedy may be right. I don't know. As I've said, I think I have an idea of where Trump wants to go.

But, I do get tired of banal comments masquerading as wit, trashing any and all politicians. Politicians are like lawyers, they are a necessary evil. And like a lot of lawyers, they are ego driven...I understand that. But any time you have more than three people in a room, politics comes into play. When you're dealing with more people, you have more politics. Without some people who are good at the game, nothing can be accomplished.