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Everything posted by placeholder
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As I pointed out, it isn't just about who gets hurt worse. It's about how much punishment each side can take. China is not a democracy. Xi doesn't have to worry about midterms. That gives him a big advantage over Trump. An advantage which Chang takes no account of. What is there about that you don't understand?
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Why Trump hates the EU, especially Germany
placeholder replied to bannork's topic in Political Soapbox
Mom, Apple Pie, Mom's Applie, and Trump. To criticize any of them is to hate America. -
I offered a plan to revert to the taxation levels that existed before George H.W. Bush became President. You offered nothing in rebuttal except that it would raise taxes. I have no problem with abolishing taxation bills which overwhelmingly favored the wealthy. What's more, bills that promised that taxes would pay for themselves and instead resulted in increased deficits. You offered no substantive reply. That's why I repeatedly say that you've got nothing. But when I do offer something substantive and you still call it nothing, all you're doing is offering more nothing. No substance there at all.
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Now you've just made it worse. First of all, not all Jews are supportive of Israel's policies. American Jews tend to disapprove strongly of Netanyahu. So right away, you have made one anti-semitic assumption. Your second antisemitic assumption was blaming a Jewish person for Trump's support of Netanyahu. As I pointed out, the Christian right forms a crucial segment of Trump's base. And they are pretty much fanatical in their support for Netanyahu and the harsh treatment of Palestinians.
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Right. He increased the debt about the same rate as Obama. Except Obama inherited the worst financial crisis since the Great Depression. And Biden inherited that Covid crisis. Here's a chart showing GDP that shows what Obama inherited from Bush, what Trump inherited from Obama and what Biden inherited from Trump. https://www.statista.com/statistics/263591/gross-domestic-product-gdp-of-the-united-states/
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During the Great Depression, prices went down and stayed down. Lower prices aren't necessarily a cause for celebration. And this price collapse has nothing to do with "Drill Baby Drill". In fact, the consequences of it will be quite the opposite.
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I already did give you a plan. A plan that revokes Bush's and Trump's plans which consisted largely of concessions to the wealthy.
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I care to. I did read Chang's article. And I agree with his analysis of China's economic situation. The thing is, Chang does not take into account a few things. One is the fact that China is not a democracy. So Xi doesn't have to worry about midterm elections. Another and related fact is that he doesn't take into account the concept of a Pyrrhic victory. China may get hurt worse but that doesn't mean America won't get hurt badly, too. Which goes back to the political consequences. Also, China does have a virtual monopoly on certain raw materials necessary for high tech manufacturing. It's already begun to restrict access to those. In addition, lots of high tech medication and precursors manufactured in China. So,it's not as though China doesn't have cards to play. And one other thing: it could be that Trump's pressure on China will force Xi to reform its economy and make it more consumer oriented and less dependent on exports.
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And you have offered no defense of Trump's plan. Instead, you resort to your usual ploy of offering a bad offense instead. You should really check up on that adage.
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I noticed you ignored the part about Australia actually running a trade deficit with the US. So, according to Trump's way of thinking, that would justify Australia imposing a tariff on US goods. The first few months of this year it did run a surplus but that reversal is due to the fact the importers were racing to bring in goods before tariffs were imposed.
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I don't like Trump's or Biden's Israel policy any more than you do. But blaming it on a Jew is obviously anti-semitic. In fact, the Christian right is far more uncritically supportive of Israel than American Jews are. And they are a crucial part of Trump's base.
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Mexico had a moribund economy until finally it's economy was on the verge of collapse. It was only with the drastic reductions in taiffs, that Mexico began to prosper.
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What misinformation? Are there 10% tariffs on US goods coming into the USA? As for biosecurity.. "Australia introduced a ban on US beef imports in 2003, in response to an outbreak of bovine spongiform encephalopathy (BSE) or mad cow disease.It was technically lifted in 2019, subject to an ongoing biosecurity review that in practice means no imports of fresh beef. The sticking point is the US’s reliance on live cattle imports from Canada and Mexico to bolster its national herd."https://www.theguardian.com/australia-news/2025/apr/04/bse-tariffs-and-wonderful-people-what-you-need-to-know-about-us-australia-beef-relations Seems like a legitimate concern. And it's only one product. But even if it wasn't, American cattle ranchers are thrilled What's more, almost all Australian beef is grass feed. Very little US beef is grass fed. So it's filling a demand that is going unfilled by American cattle ranchers.
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False. Australia has a free trade agreement with the United States and imposes virtually no tariffs on imports from the US. https://www.dfat.gov.au/trade/trade-and-investment/latest-us-tariffs#:~:text=Australia What's more Australia usually runs a deficit with the United States. Where do you get your misinformation from?
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Back in those awful times when life was much better for middle class and working class Americans.
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I didn't say impose the tax policies of the 90's. I wrote impose the tax levels. There's a difference. That said, the bulk of the 90's taxes applied to today should work fine. What about economics has changed that would make raising the capital gains tax or income tax levels would need to be adjusted to present realities?
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But here' s a simple plan anyway. Put levels back where they were under Bill Clinton, before the massive Bush tax cuts. Clinton's final budgets were actually in surplus.
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Again, no defenses. Or rather instead of a good defense you offer a bad offense. Deflecting much? You've got nothing.
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Cut the deficits by cutting taxes? Reagan, Bush, and Trump all promoted tax cuts as a way of actually decreasing deficits. How did that work out? I'll give you a hint: it didn't. If he were serious about it, he would let his tax cuts lapse in addition to imposing tariffs. Instead, he's looking for a way to pay for extending his previous cuts and adding more.. Well, removing all illegals from our country will certainly increase inflation. Right wingers say that's a good thing because it will raise the wages of lower paid workers. Yet they are consistently opposed to raising the minimum wage which would have a much quicker and more beneficial affect Increase our economy by making inputs more expensive? That's a winner.
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Yes there is a trade imbalance. But against? How do you mean against? As though it was the fault of tariffs or other trade barriers? "Trade imbalances between two countries can emerge for many reasons that have nothing to do with protectionism. Americans spend more on clothing made in Sri Lanka than Sri Lankans spend on American pharmaceuticals and gas turbines. So what? That pattern reflects differences in natural resources, comparative advantage and development levels. The deficit numbers don’t suggest, let alone prove, unfair competition." https://archive.ph/RMcj0
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Does this guy tell you where his figures are coming from? These figures are at best misleading. Here are EU tariff rates for the last 10 years: . https://tradingeconomics.com/european-union/tariff-rate-applied-weighted-mean-all-products-percent-wb-data.html
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Congress should invest at least $15 billion to support biotech research over the next five years and take other steps to bolster manufacturing in the U.S., while barring companies from working with Chinese biotech suppliers, the National Security Commission on Emerging Biotechnology said in a report Tuesday... Now, Western venture-capital firms are investing in promising Chinese biotech startups, and Western pharmaceutical giants such as AstraZeneca, GSK and Johnson & Johnson are buying and licensing drugs discovered and tested in China. Last December, for example, Merck & Co. struck a licensing deal, worth $112 million up front and up to $1.9 billion if milestones are met, with China’s Hansoh Pharma to develop and sell an experimental pill that could compete in the white-hot obesity market. https://archive.ph/5640S#selection-2485.0-2485.76
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Why Trump hates the EU, especially Germany
placeholder replied to bannork's topic in Political Soapbox
When people self deport by sea, the procedure usually doesn't entail swimming. Or walking on the water. I'd guess that in most cases boats figure into it.