Thread: President Donald Trump

So an open question. Will Drumpf exempt his and his daughter Ivanka's products that are made in China? All his hats, ties and the flags at his rallies are made in China. All the clothes in Ivanka's clothing line are made in China. So will he put tariffs on himself and his family?

After all he has said that his next step is to tariff $550 billion in Chinese goods. That is more than the US imports annually.

Originally Posted by bsnub

So an open question. Will Drumpf exempt his and his daughter Ivanka's products that are made in China? All his hats, ties and the flags at his rallies are made in China. All the clothes in Ivanka's clothing line are made in China. So will he put tariffs on himself and his family?

He might find those products attract some kind of tariff and additional red tape from the Chinese not to mention the brands Ivanka registered.
They have ways of making life difficult.

Originally Posted by Cujo

They have ways of making life difficult.

I sure hope so.

That said...

Originally Posted by mark45y

Dems blast booming jobs report, Trump worker agenda, ‘reckless'


Democrats saw nothing positive in the new June jobs report that highlighted 213,000 new jobs added.
Instead, the Democratic Party issued a statement criticizing President Trump’s jobs agenda as “reckless.”

Jobs, Supreme court, Trade war, he is doing what he said he'd do. Happily for President Trump, the pros agree with him. A recent survey of economists suggest it is President Trump, and not Obama, who should be taking a bow. Economists agree: Trump, not Obama, gets credit for economy | TheHill

This bill for this "boom", which is pouring money into the pockets of the wealthy, has to be paid by someone eventually. No prizes for guessing who.

When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.

And even before you look at what baldy orange cunto has done to the Debt, the deficits are even worse.

The U.S. Federal deficit was $587 billion in Obama’s last year and it grew to $666 billion in Trump’s first year of his presidency. I’ve been reviewing a report from the U.S. Treasury Department, which shows that the U.S. Federal Deficit will probably increase this year (fiscal 2018), could come close to if not exceed $1 trillion in fiscal 2019 and will likely exceed $1 trillion in fiscal 2020 and beyond. And this is before the additional deficits created by the tax reform bill and the just passed two year budget.

So, as they did prior to the last global financial disaster they caused, the Republican administration and its mates are trousering as much cash as they can and they'll leave the fucking mess to the next bloke again.

This is why most people think American voters are so fucking stupid. ***




*** Yes and that includes the numpties that didn't bother voting and let this happen.

jobs report

BLS jobs reports have been BS from about the early 1980s...if not earlier. Even moreso since they stopped counting people as unemployed whose unemployment benefits have ended.

And how about some talk about the wage levels of all these wondrous jobs...a lot of them part-time jobs. Many of them pay an hourly wage that I was making as starting pay in 1983(about $10.00/hour).

Yippee-ki-ay! Obviously I'm not referring to the incomes of the well-connected paper pushers.

Originally Posted by SKkin

BLS jobs reports have been BS from about the early 1980s...if not earlier. Even moreso since they stopped counting people as unemployed whose unemployment benefits have ended.

And how about some talk about the wage levels of all these wondrous jobs...a lot of them part-time jobs. Many of them pay an hourly wage that I was making as starting pay in 1983(about $10.00/hour).

Yippee-ki-ay! Obviously I'm not referring to the incomes of the well-connected paper pushers.

The U.S. Bureau of Labor Statistics measures employment and unemployment for individuals over the age of 16. The unemployment rate is measured using two different labor force surveys. The Current Population Survey (CPS): also known as the “household survey” the CPS is conducted based on a sample of 60,000 households. It is accurate within 1 or 2% I forgot exactly but you can google it unless your a nutter and doesn't believe in statistical accuracy that the entire economic world depends on. Thailand also figures unemployment by the survey method as does Australia and the UK since 1966 I believe.

Originally Posted by mark45y

unless your a nutter and doesn't believe in statistical accuracy that the entire economic world depends on.

you mean like this guy 2 years ago?

Originally Posted by SKkin

^I'd put more faith in Shadowstats' numbers...



No. 959-A: June 2018 Labor Conditions, May Trade Deficit





Alternate Unemployment Charts



Then there's the whole BLS "birth death model" and "seasonal adjustments" massaging of the numbers. What a joke.

Some commentary on that here:

Birth Death model | Investment Research Dynamics

John Williams explained in a private phone call that Shadowstats does not actually recalculate BLS data, rather, the Shadowstats CPI merely adds a constant to the officially reported numbers.
I’m not going back and recalculating the CPI. All I’m doing is going back to the government’s estimates of what the effect would be and using that as an ad factor to the reported statistics.
https://rationalwiki.org/wiki/Shadow...ent_Statistics

Do any financial institutions use Williams numbers? They are in business to make money and would use the best numbers they can get. The world runs on numbers produced by trusted governments. The USA and UK are trusted China is not. The world bank does not loan billions based on your numbers and no one of any importance does. So it is a tin hat org. Google John Williams Debunked for further information.

Originally Posted by raycarey

you mean like this guy 2 years ago?

Yes. He is a nutter.

Originally Posted by mark45y

Yes. He is a nutter.

No he's not, he's just a fucking bullshitter.

And the idiots that support him are too stupid to realise.

Originally Posted by SKkin

edit: I think what will happen in the end is that Trump will end up becoming Herbert Hoover 2.0. A perfect scapegoat for a bigger crash than the last.

Why shouldn't he take the blame? He's signed every rollback they've thrown at him, signed the tax cuts that swelled the debt, and he'll probably approve the budget that guts medicare and social security if given the chance.

He's getting his share of the fucking loot and no mistake.

China's first step seems to be to gut the US soybean mkt.
They're mostly a red state product.

Originally Posted by uncle junior

They're mostly a red state product.

That's exactly what they'll be targetting.

Dutch PM tells Trump "NO!"

https://www.theguardian.com/us-news/...nt-trump-video

“I have broken more Elton John records, he seems to have a lot of records. And I, by the way, I don’t have a musical instrument. I don’t have a guitar or an organ. No organ. Elton has an organ. And lots of other people helping. No we’ve broken a lot of records. We’ve broken virtually every record.

Because you know, look, I only need this space. They need much more room. For basketball, for hockey and all of the sports, they need a lot of room. We don’t need it. We have people in that space. So we break all of these records

Really we do it without like, the musical instruments. This is the only musical: the mouth. And hopefully the brain attached to the mouth. Right? The brain, more important than the mouth, is the brain. The brain is much more important.”

As I read these eloquent words from our commander in chief, I can’t help but be reminded of Lincoln’s Gettysburg address, and MLK’s “I have a dream” speech. Thanks

The debt clock lots of info on there whether it is accurate I dont know.

U.S. National Debt Clock : Real Time

It is difficult to see how company tax cuts are going to help the economy. They will certainly increase the deficit. Australia is going through the same thing now with tax cuts to companies. Many of which use so many loopholes now they dont pay tax. From memory google and apple are two examples of the top 36% of companies in Australia that pay no tax. The last paper I saw on the benefit of company tax cuts was an increase of 0.2% of GDP over the next 10 years.We are sold a lot of pups by the govt this is one of them along wih free trade agreements. I would imagine one reason why Trump exempted Australia from the steel tarriff. Someone must have pointed out that America benefits by about 10 billion dollars surplus in our supposed "free trade agreement".

Double whammy for soybean farmers....a tariiff followed by PRC growing more of their own beans....even if the tariffs are lifeted the market share is reduced.....


“Soybeans are the top agriculture export for the United States, and China is the top market for purchasing those exports,” Heisdorffer said in the statement. “The math is simple. You tax soybean exports at 25-percent, and you have serious damage to U.S. farmers.”Soybeans are among the U.S. products, along with orange juice, whiskey, electric cars and others, that are threatened by retaliatory tariffs from China.

China is aiming to boost domestic production of soybeans by calling on its vast army of farmers to expand soybean acreage and offering greater subsidies to growers such as Rao. It is also diversifying imports away from America..

http://thehill.com/policy/finance/39...serious-damage

https://www.nbcnews.com/news/china/c...ar-u-s-n888951

Originally Posted by uncle junior

Double whammy for soybean farmers....a tariiff followed by PRC growing more of their own beans....even if the tariffs are lifeted the market share is reduced.....


“Soybeans are the top agriculture export for the United States, and China is the top market for purchasing those exports,” Heisdorffer said in the statement. “The math is simple. You tax soybean exports at 25-percent, and you have serious damage to U.S. farmers.”Soybeans are among the U.S. products, along with orange juice, whiskey, electric cars and others, that are threatened by retaliatory tariffs from China.

China is aiming to boost domestic production of soybeans by calling on its vast army of farmers to expand soybean acreage and offering greater subsidies to growers such as Rao. It is also diversifying imports away from America..

http://thehill.com/policy/finance/39...serious-damage

https://www.nbcnews.com/news/china/c...ar-u-s-n888951

So, do you think China is happy to pay more for it's soybeans from Brazil? Or that China is the only US market? Check out soybean futures prices beginning with April and going to 2019.

Classic Trump.
"The Washington Post on Friday published a report detailing Twitter’s increased rates of suspending “fake and suspicious accounts.” The next day, President Donald Trump cited the Post’s article—while simultaneously decrying the newspaper as fake news that ought to be banned from Twitter."


https://wokesloth.com/trump-washingt...t/distributor/

Derp.......

You know what? Putin’s fine. He’s fine. We’re all fine. We’re people," Trump told the crowd. "Will I be prepared? Totally prepared. I’ve been preparing for this stuff my whole life."

So his nominee for SCOTUS doesn't think presidents should be investigated or indicted while in office.

How very convenient for him.