SURVEY: Do you want Trump to finish his first term?

[lannarebirth]

9 hours ago, mikebike said:

Treat me like an ignoramus but how does your last sentence make any sense?

 

Are you saying presidential administrations have zero economic impact and that their policy decisions have no effect on how the Fed Res manipulate rates? 

That's about what I'm saying. Presidents do nominate Fed members though.

[riclag]

Chaos and resistance brought this on since PT came on the scene, 

US added 700,000 new millionaires in 2017
"I think people are pretty optimistic," he said. "But a lot has to do with whether the Democrats take the House and whether we see changes in the tax law. But right now I could see a similar increase next year."

https://www.cnbc.com/2018/03/21/us-added-700000-new-millionaires-in-2017.html

 

Trump -Pence 2020

[Jingthing]

The great wall of "trump" is basically dead. "trump" (as long as he lasts) is never going to have a bigger majority in congress than he has now. The spending bill which he just signed gave him a pittance towards the wall. Does anyone seriously believe the B.S. "trump" demagogue wall will ever be built now? To be clear, the vast majority of Americans do support border security, fencing and walls in urban areas (which already exists), etc. But the "trump" wall was just a political game and it's one that it's clear by now that he LOST. 

[Brian Allen]

Despite the effectively criminally-insane hatred direct his way by many "democrats" and by any number of RINOs and that some of the "news" media are guilty of 98% of their "coverage" being negative, (and much of it being untrue) Donald John Trump, 14 months into his first term, is already by far the best Modern-Era President. (Ant the first in eight years) 

 

Settle back and enjoy another seven Triumphant Trump years as our beloved fraternal republic's federal government is rid of the treasonous "democrats'" Deep State -- and America once again assumes its position as the world's preeminent nation! 

[Credo]

6 minutes ago, Brian Allen said:

Despite the effectively criminally-insane hatred direct his way by many "democrats" and by any number of RINOs and that some of the "news" media are guilty of 98% of their "coverage" being negative, (and much of it being untrue) Donald John Trump, 14 months into his first term, is already by far the best Modern-Era President. (Ant the first in eight years) 

 

Settle back and enjoy another seven Triumphant Trump years as our beloved fraternal republic's federal government is rid of the treasonous "democrats'" Deep State -- and America once again assumes its position as the world's preeminent nation! 

None are as blind as those who will not see:

 

The Companies Offshoring Jobs at a Record Pace Under Trump

You may remember these words from Donald Trump when he was running for president: “A Trump administration will stop the jobs from leaving America.” But U.S. companies sent thousands of jobs overseas in his first year as president. And many of the companies responsible for offshoring jobs received fat government contracts. In fact, according to employment data charted by Good Jobs Nation and Public Citizen, federal contractors alone outsourced 10,269 jobs while taking over $19 billion in government money.

 

 

https://www.cheatsheet.com/money-career/the-companies-offshoring-jobs-at-a-record-pace-under-trump.html/?ref=YF&yptr=yahoo

[riclag]

5 hours ago, Brian Allen said:

Despite the effectively criminally-insane hatred direct his way by many "democrats" and by any number of RINOs and that some of the "news" media are guilty of 98% of their "coverage" being negative, (and much of it being untrue) Donald John Trump, 14 months into his first term, is already by far the best Modern-Era President. (Ant the first in eight years) 

 

Settle back and enjoy another seven Triumphant Trump years as our beloved fraternal republic's federal government is rid of the treasonous "democrats'" Deep State -- and America once again assumes its position as the world's preeminent nation! 

Say it ain't so,are you part of the great majority on this survey? Welcome Don't forget to wear your high Galoshes

Edited March 24, 2018 by riclag

[riclag]

5 hours ago, Credo said:

None are as blind as those who will not see:

 

The Companies Offshoring Jobs at a Record Pace Under Trump

You may remember these words from Donald Trump when he was running for president: “A Trump administration will stop the jobs from leaving America.” But U.S. companies sent thousands of jobs overseas in his first year as president. And many of the companies responsible for offshoring jobs received fat government contracts. In fact, according to employment data charted by Good Jobs Nation and Public Citizen, federal contractors alone outsourced 10,269 jobs while taking over $19 billion in government money.

 

 

https://www.cheatsheet.com/money-career/the-companies-offshoring-jobs-at-a-record-pace-under-trump.html/?ref=YF&yptr=yahoo

"Donald Trump Is Actually Doing a Good Job of Keeping His Campaign Promises"

Coming from cheatsheet that's a plus.

https://www.cheatsheet.com/money-career/donald-trump-good-job-keeping-campaign-promises.html/?a=viewall

Edited March 24, 2018 by riclag

[downtowneddie]

5 hours ago, Credo said:

None are as blind as those who will not see:

 

The Companies Offshoring Jobs at a Record Pace Under Trump

You may remember these words from Donald Trump when he was running for president: “A Trump administration will stop the jobs from leaving America.” But U.S. companies sent thousands of jobs overseas in his first year as president. And many of the companies responsible for offshoring jobs received fat government contracts. In fact, according to employment data charted by Good Jobs Nation and Public Citizen, federal contractors alone outsourced 10,269 jobs while taking over $19 billion in government money.

 

 

https://www.cheatsheet.com/money-career/the-companies-offshoring-jobs-at-a-record-pace-under-trump.html/?ref=YF&yptr=yahoo

It's only going to get worse. The Rebublican tax reform bill actually encourages companies to expand outside of the USA.

[soalbundy]

I bet there are lots of investors right now who would like Trump to leave as soon as possible

[FreddieRoyle]

4 minutes ago, soalbundy said:

I bet there are lots of investors right now who would like Trump to leave as soon as possible

why? so they can buy back the stock portfolios they sold in a fit of rage after their preferred candidate lost the election? FTR the enraged liberals missed out on one of the greatest runs in stock prices the world has ever seen. A real tragedy. 

[riclag]

5 minutes ago, soalbundy said:

I bet there are lots of investors right now who would like Trump to leave as soon as possible

why is that soalbundy

[soalbundy]

3 minutes ago, riclag said:

why is that soalbundy

The stock market is falling world wide even as we speak. What happens if the Chinese stop buying American debt or at least reduce the amount,which they are considering

[downtowneddie]

6 minutes ago, soalbundy said:

The stock market is falling world wide even as we speak. What happens if the Chinese stop buying American debt or at least reduce the amount,which they are considering

China could do that but it only owns about 8 percent of us government debt. And if it did, that would weaken the dollar and in effect impose a further tariff on chinese exports to the USA. J. Paul Getty is supposed to have said "If you owe the bank $100 that's your problem but if you owe the bank $100,000,000 than that's the bank's problem."

[riclag]

30 minutes ago, soalbundy said:

The stock market is falling world wide even as we speak. What happens if the Chinese stop buying American debt or at least reduce the amount,which they are considering

Another campaign promise ,making China pay its way .No more free trade,but fair trade.

"Even if Beijing forced institutions like the People’s Bank of China to purchase fewer U.S. government bonds, such a step cannot credibly be seen as meaningful retaliation against rising trade protectionism in the United States". 

" If China is indeed threatening to retaliate against any U.S. trade action by reducing its purchases of U.S. government bonds, not only would this be a pretty hollow threat, but in fact it would be exactly what Washington wants". 

https://www.financialsense.com/michael-pettis/what-would-happen-if-china-stopped-buying-us-treasury-bonds

Edited March 24, 2018 by riclag

[simple1]

8 minutes ago, riclag said:

"Even if Beijing forced institutions like the People’s Bank of China to purchase fewer U.S. government bonds, such a step cannot credibly be seen as meaningful retaliation against rising trade protectionism in the United States". 

 If China is indeed threatening to retaliate against any U.S. trade action by reducing its purchases of U.S. government bonds, not only would this be a pretty hollow threat, but in fact it would be exactly what Washington wants. 

https://www.financialsense.com/michael-pettis/what-would-happen-if-china-stopped-buying-us-treasury-bonds

Just one opinion piece. Another from Fortune with a very different finding

 

http://fortune.com/2018/03/22/china-tariff-donald-trump-us-debt/

[downtowneddie]

47 minutes ago, riclag said:

Another campaign promise ,making China pay its way .No more free trade,but fair trade.

"Even if Beijing forced institutions like the People’s Bank of China to purchase fewer U.S. government bonds, such a step cannot credibly be seen as meaningful retaliation against rising trade protectionism in the United States". 

" If China is indeed threatening to retaliate against any U.S. trade action by reducing its purchases of U.S. government bonds, not only would this be a pretty hollow threat, but in fact it would be exactly what Washington wants". 

https://www.financialsense.com/michael-pettis/what-would-happen-if-china-stopped-buying-us-treasury-bonds

If the USA had a form of government similar to China's that point might be valid. But to name just one constituency, farmers in the USA vote. And in the last election, they went big for Trump. In the farm belt, China can wreak devastating damage.

Now that I've actually read the piece I see that it refers only to treasury bonds. However, that is not nearly as serious a threat as what China can do by targeting different sectors of the U.S. economy. So why should China contemplate doing that when it has a much more potent weapon at hand?

Edited March 24, 2018 by downtowneddie

[downtowneddie]

1 hour ago, FreddieRoyle said:

why? so they can buy back the stock portfolios they sold in a fit of rage after their preferred candidate lost the election? FTR the enraged liberals missed out on one of the greatest runs in stock prices the world has ever seen. A real tragedy. 

If, in fact, investors generally invest in accordance with their political beliefs. But if that's the case, think how much more conservatives investors would have missed during the Obama years.

[riclag]

1 minute ago, downtowneddie said:

If the USA had a form of government similar to China's that point might be valid. But to name just one constituency, farmers in the USA vote. And in the last election, they went big for Trump. In the farm belt, China can wreak devastating damage.

It remains to be seen,overall it's probably a win for America seeing that those weening on  America's economy are now going to have to adhere to trade negotiations.  

[downtowneddie]

49 minutes ago, riclag said:

It remains to be seen,overall it's probably a win for America seeing that those weening on  America's economy are now going to have to adhere to trade negotiations.  

If Americans affected by it could be persuaded to make the huge sacrifices. But since those affected will be target Trump supporters possiblyl not.

And have you noticed that Trump has already drasically backed down on steel and aluminium imports? Over 50 percent of the steel and aluminium imports that were originally covered by his executive order are now exempt. Who backed down?

[heybruce]

7 hours ago, FreddieRoyle said:

why? so they can buy back the stock portfolios they sold in a fit of rage after their preferred candidate lost the election? FTR the enraged liberals missed out on one of the greatest runs in stock prices the world has ever seen. A real tragedy. 

Have you been following the stock market lately? 

[riclag]

11 hours ago, downtowneddie said:

If Americans affected by it could be persuaded to make the huge sacrifices. But since those affected will be target Trump supporters possiblyl not.

And have you noticed that Trump has already drasically backed down on steel and aluminium imports? Over 50 percent of the steel and aluminium imports that were originally covered by his executive order are now exempt. Who backed down?

Who backed down !!!!!!!! It was a ploy!How ridiculous is it that you some how didn't see that.

[Credo]

1 hour ago, riclag said:

Who backed down !!!!!!!! It was a ploy!How ridiculous is it that you some how didn't see that.

Stupidity is not a ploy.

[Andaman Al]

6 hours ago, riclag said:

Who backed down !!!!!!!! It was a ploy!How ridiculous is it that you some how didn't see that.

A ploy? you mean it was just a little wind up that resulted in wiping billions of market prices world-wise? - a ploy. You lot make it up as you go along.

[riclag]

6 hours ago, Credo said:

Stupidity is not a ploy.

Stupidity is not using a bargaining ploy, Free trade is stupidity /Fair trade is  genius. Americans know that China has been getting away with murder and you people say don't fight back . I'm disgusted with the  haters of PT and their moronic global ignorance. 

50 billion vs a timid 3 billion,in tariffs 

Edited March 24, 2018 by riclag

[Credo]

36 minutes ago, riclag said:

Stupidity is not using a bargaining ploy, Free trade is stupidity /Fair trade is  genius. Americans know that China has been getting away with murder and you people say don't fight back . I'm disgusted with the  haters of PT and their moronic global ignorance. 

50 billion vs a timid 3 billion,in tariffs 

Well, I don't like to hurt the feelings or see anyone get disgusted, but he simply doesn't think things out.   He pays no attention to the real consequences or the unintended consequences.

 

He slaps and tariff on steel and aluminum, then starts lifting some of it, so nobody has any idea of what is going on.   There is retaliation threatened by other countries.   

 

Just to give you one example, here's a bit from Thailand:

 

 

[riclag]

2 minutes ago, Credo said:

Well, I don't like to hurt the feelings or see anyone get disgusted, but he simply doesn't think things out.   He pays no attention to the real consequences or the unintended consequences.

January 2016: "Donald Trump favors high tariffs on Chinese exports"

"In 2011, the billionaire businessman told the Wall Street Journal that all Chinese imports should have a 25% tariff. He insists that China has an unfair advantage over the US".

http://www.bbc.com/news/business-35258620

  He had a long time to think about it!!!!! 

[simple1]

8 minutes ago, riclag said:

January 2016: "Donald Trump favors high tariffs on Chinese exports"

"In 2011, the billionaire businessman told the Wall Street Journal that all Chinese imports should have a 25% tariff. He insists that China has an unfair advantage over the US".

http://www.bbc.com/news/business-35258620

  He had a long time to think about it!!!!! 

It's a shame Trump doesn't absorb the truths from his own White House analysis of trade matters.

 

White House publishes report on trade that contradicts Trump statements

 

http://www.cbc.ca/news/business/trump-trade-white-house-1.4552362

 

In addition it is clear Trump doesn't understand "Free Trade"

 

https://www.usnews.com/opinion/articles/2018-02-23/trumps-dangerous-free-trade-policies

 

[Thakkar]

On 3/2/2018 at 12:17 AM, heybruce said:

You're not very clear there, but I think you are suggesting that Trump has a secret plan for dealing with Russian election interference.  You are grasping at straws.

 

What happened last election was not "like they have done so in the past".  It was a massive effort, and probably surprisingly successful in Putin's eyes.  We can be sure it will be repeated.

 

" Last autumn it (Facebook) said it had determined Russian content reached around 130m Americans, and that Russian trolls had spent a mere $100,000 on ads during the 2016 election. Those figures seem too low. The Russian troll farm described in Mr Mueller’s indictment probably had an annual budget of around $70m and would have spent heavily on Facebook ads and content. "  https://www.economist.com/news/business/21737300-young-americans-are-using-it-less-costs-are-soaring-and-regulation-looms-russian-meddling 

 

Russian interference involved much more than just Facebook, but I can't cut and paste every pertinent passage.  It is likely that the majority of US voters saw multiple fake or misleading "news" stories originating from Russia.  You might try reading the February 24 edition of "The Economist".  It's the one with the cover caption "The Meddler, How Russian Menaces Western Democracies" and a cartoon depiction of Putin as an octopus.

 

I’m re-upping (is that a word?) the above post from March 3, because we now know that voters were micro targeted with tailor-made messages and ads based on their profiles constructed from possibly stolen Facebook data. 

 

The best kind of influencing is when the persons persons being influenced doesn’t even know thay are being manipulated.

[Andaman Al]

6 hours ago, riclag said:

Stupidity is not using a bargaining ploy, Free trade is stupidity /Fair trade is  genius. Americans know that China has been getting away with murder and you people say don't fight back . I'm disgusted with the  haters of PT and their moronic global ignorance. 

50 billion vs a timid 3 billion,in tariffs 

What about people with their moronic global ignorance of how trade works?

 

Trump now wants America to export more than it imports - well that is not going to happen for a long long time. It was people like Trump who caused the problem. People like Trump who outsourced ALL their business requirements to China, Bangladesh, Indonesia, India etc etc. People like Trump, who in a bid to make more profit decimated the US steel industry by ordering cheap Chinese steel for his own construction projects. You seem to forgive Trump for any of his sins, it is the likes of HIM that started many of the US problems. HE like so many other money grabbing low lifes opened the doors to the concept of China replacing US industry with cheap copies and always demanding cut -throat low prices, now you seem to think he comes along as your saviour, it is totally laughable. Guess what - that IS free trade and in a capitalist world there is NO 'fair trade' we taught that lesson to the Chinese well and boy have they learned quick.! Fair trade is utopian, the US brand of Capitalism is texas holdem and the US is now being well and truly beaten at its own game.

 

The US will never export more than it imports because it hasn't got anything that anyone wants. Even the high tech stuff you may claim to have is now a sham because in order to make progress in the high tech world you IMPORTED brain power from China, India, Singapore, Korea, Europe, because the US education system has been ignored. The brain power is now leaving the US and going back to their own countries that now have the resources to support them and help them achieve their tech vision.

 

6 hours ago, riclag said:

50 billion vs a timid 3 billion,in tariffs

Firstly, - yes 3 Billion is a pitiful amount you are correct, but that shows in comparison just how much stuff the US manufacture that other countries actually want. The US have blown it, free trade and the free market was always going to create a capitalist environment where the rich got richer by taking their production to the poorest (and least expensive) countries. The US is now living the true capitalist dream where the top 0.1% own all the money and make more by producing everything outside their own country- and now the rot is really setting in.

 

I won't even knowingly buy anything from the US. ALL computer and high tech hardware and software that comes out of the US, must, wherever appropriate contain 'back door' entry abilities for US intelligence agencies - by congressional law. Why would ANYONE want to buy US - secure communications equipment is not secure, secure software is not secure and so it goes on.

 

By the way, you have underestimated the Chinese. Putting up the 3 billion in tariffs is the ..'ploy' as you like to say. China can start cashing in US treasury bonds LOTS of them, thereby starting a snowball that will roll on and have severe effects on the US economy.  Exports to the USA from China only amount to 3% of GDP in China and if China just STOP all exports to the US tomorrow , which it can easily do with a Dictator at the helm then the US will go down the toilet. Walmart would close along with Kroger, Safeway, Costco, Target, Sam's Club - They would all CLOSE because they would have nothing to sell and nowhere to get it IF the Chinese really retaliate against Trumps folly. If the US stop all exports to China it will have ....zero effect.

 

Trump does not have a clue what he is doing. So far in the last year we have seen non of his economic policies and the Obama recovery continued. Trump has now started his policies and the tax reform and "Import Tariffs" have seen huge drops in the market indices and there is a LOT more to come. The rest of the world and the US allies have 'humoured' the US in return for it playing the 'protective big brother' but now Trump threatens to withdraw that and humiliates it's allies the US could find itself a lonely old soul. The only thing the US can do well now is produce arms and weapons and without political goodwill the export/import of US arms could stop very quickly indeed. The US has been on the edge of a precipice for a while and previous administrations understood the balancing act, but Trump is about to have the US leap off the edge with no parachute. Good luck, you will need it.

 

It is imperative that Trump goes very quickly.

Edited March 25, 2018 by Andaman Al

[Thakkar]

1 hour ago, Andaman Al said:

What about people with their moronic global ignorance of how trade works?

 

One person’s moronic ignorami  are another person’s voting base.