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Trump's Trade War

F250

By F250
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Ted Lange
Ted Lange

Now let’s imagine a world where China decides to dump several hundreds of millions of dollars into a campaign to elect a democrat.  And that Democrat openly screams for Beijing’s support.  And uses in

Mojo Hand
Mojo Hand

Looks like Elkhart County went for Trump 64-32 over Hillary in 2016, so fuck 'em.  Enjoy the tariffs you voted for! 

Chooky
Chooky

Apparently China didn't heed the stark example of what happens to those in a battle of financial wit between Donald Trump and Dennis Rodman. Ask Clint Black or Gene Simmons what happens. Go ahead and

DefinitelyNotHollywoodColt

DefinitelyNotHollywoodColt 12301

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"The only impact has been that we've collected almost $60 billion from China—compliments of China. But just in case they might have an impact on people, what we've done is we've delayed it so that they won't be relevant for the Christmas shopping season."

@Johnny Sack, that's the guy you're voting for. just a quick reminder.

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Mrs Whiggins

Mrs Whiggins 13050

Posted
Posted
1 hour ago, Chooky said:

Steve Mnuchin is currently trying to explain to the president why you can't "just print more money" or "order the staff to buy a shitload of lettuce and other shit from the farmers" to boost agricultural depression. 

Like DJ eats lettuce. Hamberders or get out.

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Brisketexan

Brisketexan 105095

Posted
Posted
41 minutes ago, Hugo Stiglitz said:

Did he really blame Hong Kong?!?

Are the citizens of Hong Kong presently resisting an attempt to impose more totalitarian rule on them?  Yes?  Well, then, that is contrary to Donnie Two Scoops' worldview -- HONG KONG BAD!

Remember, Il Douche admired Xi becoming president for life....this  is an EXACT FUCKING QUOTE FROM THE FUCKING PRESIDENT OF THE US:

Quote

“And look, he was able to do that. I think it’s great. Maybe we’ll have to give that a shot someday,”

 

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Brisketexan

Brisketexan 105095

Posted
Posted
2 hours ago, DixonHur said:

I don't think we'll have to wait that long.  I read on Market Watch that since 1956, the average time between and inverted yield curve and a recession is 15 months...which would be right around the 2020 election.  If Trump and Co. can manage to hang on until after he loses (assuming he loses), he will say, "see what happens to the economy when you elect a Democrat?"

What about an inverted yield curve when other western economies are already experiencing contraction and the US is in the middle of the dumbest fucking trade war ever waged?  Do we have any comparables on THAT situation?

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Foosters

Foosters 17850

Posted
Posted
4 minutes ago, Brisketexan said:

Are the citizens of Hong Kong presently resisting an attempt to impose more totalitarian rule on them?  Yes?  Well, then, that is contrary to Donnie Two Scoops' worldview -- HONG KONG BAD!

Remember, Il Douche admired Xi becoming president for life....this  is an EXACT FUCKING QUOTE FROM THE FUCKING PRESIDENT OF THE US:

 

Thats not it. The HK airport was closed. How else are they gonna fly all that money to us?

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F250

F250 28767

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40 minutes ago, Grade of D as in David said:

Art of the deal. When enemy is weakened let them recover.

Sun Tzu is rolling over in his grave.

Considering Sun Tzu was Chinese he will probably let this one slide.

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JimmyJames

JimmyJames 12271

Posted
Posted
44 minutes ago, Grade of D as in David said:

Art of the deal. When enemy is weakened let them recover.

Sun Tzu is rolling over in his grave.

You have just given me a great idea for a book.

I’m going to call it “Trump Tzu - the Art of Losing.”

its going to be super easy to write. Just copy “The Art of War” and then change it and his advice to the complete opposite of what Sun Tzu wrote. Super easy and entirely accurate. 

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Grade of D as in David

Grade of D as in David 13253

Posted
Posted
6 minutes ago, JimmyJames said:

You have just given me a great idea for a book.

I’m going to call it “Trump Tzu - the Art of Losing.”

its going to be super easy to write. Just copy “The Art of War” and then change it and his advice to the complete opposite of what Sun Tzu wrote. Super easy and entirely accurate. 

I'll give you a month before I steal this idea

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F250

F250 28767

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4 minutes ago, JimmyJames said:

Might take awhile since trump probably thinks it’s already a part of China right now. 

He is familiar with Hong Kong's history and the political background driving the protests.

Trump's next speech on the situation.

"Hong Kong Fooey, great man a very wonderful man, doing terrific things in Chyna. Many people don't know this but the current protests are inspired by Steve Bannon's mentor, Hanna Barbera, Hanna was a great woman, She inspired Steve so much and Steve's brother Race Bannon. Yes, my Vice President Race Bannon was also mentored by Mrs. Barbera. He goes by Mike but I tell him, Race you ain't fooling anyone with that psuedoephed name. Mr. Fooey you are doing are wonderful job even that dog with emphysema thinks so."

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WhatTheBuck

WhatTheBuck 28776

Posted
Posted
11 hours ago, Mojo Hand said:

After forcing said Democrat to significantly reduce the amount of stimulus spending, which would have helped pull us out of the recession more quickly.

Trump already raised the debt to record heights through massive tax giveaways to the rich and military spending. We can't afford it!

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6th Street

6th Street 6392

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Posted

Donny genuinely realizes how fucked things are and is trying to blame it all on the Fed. 

Slowing GDP in the EU, China, and the U.S. PMI and capital investments slipping.

Auto production falling off a cliff, industrial activity soft, enterprise IT spend slowing (NTAP,  CSCO, HPE), etc. 

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Goredho

Goredho 17399

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Posted

It’s going to be interesting to see how not-woke voters react to a staggering economy leading up to the election.  The feel-good economy has been Trump’s highest area of approval.  Everyone has distanced themselves from his trade wars making them his baby.  He’ll try to point the finger elsewhere for his failures as he always does, but will it work?  If Cletus is struggling harder to make payments in 2020 than he was in 2016, I could see a massive turn from Trump.

With that in mind, bring the fucking pain.  The first step towards a solution to a recession and a whole lot of other problems is for someone qualified to take the controls from this asshole.

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Brisketexan

Brisketexan 105095

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Posted

As a related aside, this topic brings to mind another sociopathic flaw of Trump, that I can't understand why Trumpkins don't see....NOTHING is ever his fault.  Nothing.

I've known a crapload of people in my life - lackeys, leaders, and everything in between.  Do you know what EVERY SINGLE ONE OF THEM had in common?  At some point or another, something went wrong, and it was their fault.

Trump has never taken responsibility for ANYTHING negative.  NOTHING.  It's not humanly possibly to live a mistake-free life.  It's even less possible to do so when you're the executive of a complex organization.  Yet the number of things that have gone wrong that he has ANY responsibility for....remains pegged at ZERO.  He's a fucking sociopath.  He's unfit to run a single-location dry cleaner.  But these fucking gullible fucks think he's awesome.

People just want to be lied to, and they want to believe lies.  That's the enduring lesson of the Trump era.  Anyone who wants to unseat him should take note.

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horn4life

horn4life 3760

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The other thing I like to point out is that economies are sort of like a giant super tanker. It takes usually about 18 month to see the effects of longer term influences, whether it be tax cuts, infrastructure spending or whatever.  Presidents in their first term simply surf the wave they inherit whether it be good or bad.  Specific policies like reallocation of wealth to the weathiest in our country via treasury IOU's burden take a while to take shape in the economy.  Now you do see immediate sugar highs off of things like George W. Bush's wiping out the surplus 6 months into his presidency with rebate checks.  In fairness that benefit was much more widely distributed to the masses, whereas the most recent tax (wealth reallocation to the top) was seen fairly quickly in the stock market via corporations repurchasing stock to push up share values.  The mistake was pretending that the money would be spent on increasing salaries and increased hiring.  This experiment has been tried and failed each and every time.  It doesn't work because millionaires, billionaires, and corporations can invest anywhere in the world. Whereas any money given to people in the bottom 80% of  has a much better chance of being spent locally. (Online monsters like Amazon have diluted the effect of this in more recent years, to be certain.)

The sad thing is good economic policies are not that hard to move toward.  But doing really, really simplistic stupid shit like allowing tariff wars, massive increase in borrowing, and supporting constant instability via US leadership, creates... instability.  What investors want more than anything is stability.  Again I mention that it takes a long time to turn the super tanker, and the different self imposed drags on the global economy are not going to disappear overnight either.  Good news like we got today from Walmart help show that we are not in the shitter yet.  Sorry farmers, you guys are in the shitter, but GOP socialism is keeping those guys from realizing the depth of your situation won't last forever.  Reality is going to hurt the rural middle America that honestly believed they would be helped by Trump and GOP economic policies.

DEBT - is ridiculous. And a pox on both Dems and Republicans on this, but a much bigger pox on Republicans who could have helped turn the disaster of an economy they handed off to Obama with spending then, who were such fiscal conservatives refusing to provide more stimulus.  Flash forward to Tariffs are pretend income, debt is imaginary and when the economy is "the greatest ever" we borrow and spend more than we ever have before.  You can't run your credit cards up forever making the minimum payments.  We are in a place where rate cuts by the Fed are not going to give the stimulus needed when the super tanker turns the direction easily predicted by Trump's economic policies.  We need to keep some powder dry, rather than allow the President to place a drag on the economy without anyone in the GOP willing to admit that his policies are a drag on the economy.  Tariff's are a drag, period.

In essence it is very, very difficult for the Fed to offset Trump's tariff stupidity, despite the insisting that Trump is responsible for all that is good, and anything not good is somebody else's fault... like Chairman Powell's.  Too bad you can't fix stupid!  The danger now is trying to help stupid to the point to where when we get a smart President there are no good economic tools to try and turn the economic super tanker back in the right direction.  Trump is going to get some sort of trade deal.  It will not be a good deal, but Trump will declare it the greatest deal ever.  American farmers are going to be permanently hurt by Trump's stupidity unfortunately.  But that will be good for the giant corporate farms as they buy up the bankrupt small farms. But I do not view that as a net positive.

The sad thing is that all this could have been prevented with the smallest degree of non-hypocrisy by Republicans in the Senate and House. Unless of course you thing the Republicans would have embraced Obama doing what Trump has done. We can only pray for a sweeping out of the GOP.  The tax code is so skewwed to beneift the wealthiest in our country currently.  We must create a sustainable model, and taxation on the weslthiest is the only way to get from point A to point B.  It's just the math of the situation.

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retread

retread 2951

Posted
Posted
34 minutes ago, Brisketexan said:

As a related aside, this topic brings to mind another sociopathic flaw of Trump, that I can't understand why Trumpkins don't see....NOTHING is ever his fault.  Nothing. 

Yep. ^A lot of it distills down to that. The R voters have been told for 3 decades that Ds are pure evil. Admitting to any misstep is giving the Libs an opening to regain power, and he's just trying to defend America by deflecting blame. So, the Trumpkins will defend him to the hilt.

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deech

deech 2274

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I have the utmost sincere belief that the clown in chief will be able to pull all the right fiscal levers and steer this ship through the recession icebergs in our near future while at the same time balancing the foreign policy concerns related to a China Trade War. 

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tx 3 putt

tx 3 putt 76905

Posted
Posted (edited)
On 8/15/2019 at 10:27 AM, deech said:

I have the utmost sincere belief that the clown in chief will be able to pull all the right fiscal levers and steer this ship through the recession icebergs in our near future while at the same time balancing the foreign policy concerns related to a China Trade War. 

You’re assuming China wants to play along ? China is about to have his balls in the vice and he’s might have to give up something big to get them back on board 

Also a chance China is ready for a new president 

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DefinitelyNotHollywoodColt

DefinitelyNotHollywoodColt 12301

Posted
Posted
14 minutes ago, CO Horn said:

Wait. You’re telling me that more of the Socialist Democrats support Capitalism than Republicans?

Unreal. If the policy isn’t rooted in hate, today’s GOP has no idea what to think. When asked to take a stand, they routinely oppose traditional conservative views.

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F250

F250 28767

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3 hours ago, CO Horn said:

Wait. You’re telling me that more of the Socialist Democrats support Capitalism than Republicans?

Yes, this is correct. The Republican Party adopted Steve Bannon's economic nationalism via Trump and has moved away from capitalism.

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F250

F250 28767

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The next President will need to be brutally blunt regarding their predecessor.

"Shit. I know shit's bad right now. With all that starving bullshit. And the dust storms. And we're running out of French Fries and burrito coverings. The Trump administration fucked shit up bad, they left the economy like a Daytona Beach hotel room after Spring Break. Stephen Miller's desk was full of strap-ons and pegging videos, the Oval Office smells like Vienna Sausages and onions."

Seriously though, whoever has to clean up the Trump mess shouldn't be quiet about how the mess happened.

 

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WhatTheBuck

WhatTheBuck 28776

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Posted
2 hours ago, F250 said:

The next President will need to be brutally blunt regarding their predecessor.

"Shit. I know shit's bad right now. With all that starving bullshit. And the dust storms. And we're running out of French Fries and burrito coverings. The Trump administration fucked shit up bad, they left the economy like a Daytona Beach hotel room after Spring Break. Stephen Miller's desk was full of strap-ons and pegging videos, the Oval Office smells like Vienna Sausages and onions."

Seriously though, whoever has to clean up the Trump mess shouldn't be quiet about how the mess happened.

 

And, unlike Obama, they need to hold the previous administration to account for their crimes. None of this "need to look forward" bullshit. 

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