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Offlinemusiclover420
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Trump's "easy to win" trade war wipes out 2018 DOW gains
    #25279084 - 06/19/18 03:36 PM (5 years, 9 months ago)

https://www.vanityfair.com/news/2018/06/trumps-trade-war-wipes-out-2018-dow-gains

Quote:

On Friday, continuing to labor under the (now fully debunked) assumption that trade wars are “good” and “easy to win,” Donald Trump announced tariffs on $50 billion of Chinese imports, with the first $34 billion going into effect July 6. Predictably, China announced a plan to retaliate, saying it would “immediately introduce the same scale and equal taxation measures,” and that “all economic and trade achievements reached by the two sides will be invalidated.” At this point, small children across the world could tell you that Beijing will hit back in kind every time the U.S. ratchets up its tariffs. But the current administration, perpetually slow on the uptake, was seemingly surprised by the move. Because on Monday night, by way of payback, President Twitter threatened to impose an additional 10-percent tariff on $200 billion of Chinese imports. And you can probably guess how that went over:

Beijing warned it would retaliate, in a rapid escalation of the trade conflict between the world’s two biggest economies.

In a statement, China’s commerce ministry said the nation will fight back with both “qualitative” and “quantitative” measures if the Trump administration follows through on last night’s threat, saying “such a practice of extreme pressure and blackmailing deviates from the consensus reached by both sides on multiple occasions.” He added: “The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the U.S., but of the world.”

The back-and-forth sent global markets sliding, with the S&P 500 falling for a third day straight and the Cboe Volatility Index rising the most in three weeks. “The degree of both rhetoric and substance behind the proposals that have gone back and forth recently is worrisome,” Mark Howard, a senior multi-asset specialist at BNP Paribas, told Bloomberg TV. “This has caused a bit of a risk-off trade today, and it’s a cause of caution by major investors.” The nosedive was so severe, in fact, that it managed to do this:

Of course, China isn’t the only one Trump has pissed off with his economic “policies” as of late. He spent much of late May flipping off the U.S.’s closest economic (and political) allies, going full throttle on his aluminum and steel tariffs, which European Commission President Jean-Claude Juncker called “unjustified,” and to which the E.U. will respond with tariffs of its own on U.S. goods staring in July. Mexico is on its way to imposing $3 billion worth of its own tariffs, and Canada, equally unenthused about Trump’s tactics, responded with duties on $16.6 billion in U.S.-made products. But it’s on the China front that an all-out trade war seems most inevitable. So far, that’s all well and good with Trump’s base, but these happy days could very well come to a screeching halt. “Trump’s biggest crisis will come if the trade wars cause a slowdown in the economy,” one Republican told Axios. “The boom is giving him a cushion against the impact of his policies, personal behavior, and impetuous decision-making. No boom, no cushion. Political collapse.”








:strokebeard:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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Offlineqman
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279090 - 06/19/18 03:39 PM (5 years, 9 months ago)

What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman] * 2
    #25279114 - 06/19/18 03:50 PM (5 years, 9 months ago)

Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




Who said I am siding with anyone? You really assume a lot...

Literally just read and posted an article, you can interpret it how you want :shrug:

:goodluckwiththat2:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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OfflineMorel Guy
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279137 - 06/19/18 04:01 PM (5 years, 9 months ago)

The trade war is going to turn into a hot war with no US Allies!


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found

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Offlineqman
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279146 - 06/19/18 04:04 PM (5 years, 9 months ago)

Quote:

musiclover420 said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




Who said I am siding with anyone? You really assume a lot...

Literally just read and posted an article, you can interpret it how you want :shrug:





Ok Vanityfair. :lol:

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279168 - 06/19/18 04:15 PM (5 years, 9 months ago)

Quote:

qman said:
Ok Vanityfair. :lol:




Yes and I'm sure you always pay attention to your sources and only use reliable info right? OH wait I can't even remember you ever bothering to include sources for your claims :grin:

I doubt CNN is any better for you but here's another similar article: http://money.cnn.com/2018/03/14/news/economy/trade-war-economic-cost/index.html

Quote:

A full-blown trade war would erase any economic benefits from the Republican tax cuts passed last year, according to an analysis by the University of Pennsylvania.




Doesn't seem like the tax cuts led to many benefits (for the lower class at least) So this could put us in the red...


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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OfflineThe Ecstatic
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279176 - 06/19/18 04:19 PM (5 years, 9 months ago)

When we run out of money to fund Trump's starship troopers fantasy his supporters will just blame the globalists.


--------------------

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OfflineThe Ecstatic
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman] * 4
    #25279181 - 06/19/18 04:22 PM (5 years, 9 months ago)

Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




Is higher priced goods helping main street?


Lol this is what i love about capitalists, they think big business will just throw up their hands and say "welp! guess we'll take that loss, you sure got us Donald," when in reality the costs will just be passed on to the consumer.


--------------------

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: The Ecstatic]
    #25279190 - 06/19/18 04:26 PM (5 years, 9 months ago)

Quote:

The Ecstatic said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




Is higher priced goods helping main street?


Lol this is what i love about capitalists, they think big business will just throw up their hands and say "welp! guess we'll take that loss, you sure got us Donald," when in reality the costs will just be passed on to the consumer.




I wonder how many jobs this trade war has already lost... 10k? 100k? I would wager somewhere between those 2 numbers if not more.

Oh look: Over 146,000 Americans will lose their jobs because of Trump’s trade tariffs

First estimate I found says around 150k jobs from the steel tariffs alone:

Quote:

Donald Trump’s long-standing promise to use import tariffs to try to revive the US steel and aluminum industry was opposed by US economists, labor experts, and even the industries themselves—but the White House did it anyway. As a result, over 146,000 Americans will lose their jobs, economists estimate.




MAGA amiright?... Oh look, more MAGA:

In Trump's First Year, the U.S. Lost Almost 10,000 Solar Jobs
https://www.cbsnews.com/news/trumps-tariffs-not-immigration-may-lead-to-lost-u-s-jobs/


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


Edited by musiclover420 (06/19/18 04:29 PM)

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InvisibleStonehenge
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279205 - 06/19/18 04:33 PM (5 years, 9 months ago)

Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755

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Offlinesprinkles
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279209 - 06/19/18 04:35 PM (5 years, 9 months ago)

I remember when he said he would be the best president America ever had, and how he would make America great again.  I keep asking people if America is great again yet, I haven't heard anyone say yes.



I'm tired of poeoples lies and false claims.  The only person I can trust 100% who wont lie to me is my own mother. 


I used to be really gullible, I will believe anything & everything people say, because why would they lie?  I just assume other people are like me I suppose.  then I am let down cause my expectations that peoples actions will follow in step with their words.  This is hardly ever the case.  I still give people the benefit of the doubt that people are telling the truth but I will sometimes question motivation, intent, or if someone has some possible hidden agenda. 


I guess what I'm saying is that peoples lies have made me wise.  I fail a lot at stuff too, and if wisdom comes from failure than I'm like the smartest person in history, probably.


--------------------
welcome to my world http://www.shroomery.org/forums/postlist.php/Board/326

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: Stonehenge]
    #25279210 - 06/19/18 04:35 PM (5 years, 9 months ago)

Quote:

Stonehenge said:
Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.




Yeah 150k lost jobs is just a "dip", want to tell all those out of work people yourself? "don't worry guys it's just a dip, trade wars are totally easy to win , MAGA!"

:rofldrunk:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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Offlineqman
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: The Ecstatic]
    #25279222 - 06/19/18 04:43 PM (5 years, 9 months ago)

Quote:

The Ecstatic said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




Is higher priced goods helping main street?


Lol this is what i love about capitalists, they think big business will just throw up their hands and say "welp! guess we'll take that loss, you sure got us Donald," when in reality the costs will just be passed on to the consumer.




So you take issue with Bernie and his position on US trade agreements and the massive trade deficit?

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Offlineqman
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279228 - 06/19/18 04:44 PM (5 years, 9 months ago)

Quote:

musiclover420 said:
Quote:

qman said:
Ok Vanityfair. :lol:




Yes and I'm sure you always pay attention to your sources and only use reliable info right? OH wait I can't even remember you ever bothering to include sources for your claims :grin:

I doubt CNN is any better for you but here's another similar article: http://money.cnn.com/2018/03/14/news/economy/trade-war-economic-cost/index.html

Quote:

A full-blown trade war would erase any economic benefits from the Republican tax cuts passed last year, according to an analysis by the University of Pennsylvania.




Doesn't seem like the tax cuts led to many benefits (for the lower class at least) So this could put us in the red...




I don't give a shit about the source for news information, only when it's all opinion.

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Offlineqman
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279233 - 06/19/18 04:48 PM (5 years, 9 months ago)

Quote:

musiclover420 said:
Quote:

Stonehenge said:
Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.




Yeah 150k lost jobs is just a "dip", want to tell all those out of work people yourself? "don't worry guys it's just a dip, trade wars are totally easy to win , MAGA!"





You do realize economic tariffs create dislocations that cost some US jobs, while creating more elsewhere? 

And that economic tariffs hurt companies that try to sell things into the US, which ultimately leads them to producing the goods here?  Let me guess, you really don't understand how this whole game works and just lick up BS from the corporate media.

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OnlineKryptos
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279245 - 06/19/18 04:54 PM (5 years, 9 months ago)

Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




When people complain about losing health insurance:
"Look at the booming economy! We've had the best bull run in decades! You'll make so much money you can buy gold plated healthcare!"
When people complain about the stock market taking a shit:
"Why are you looking at stock! This will be good for main Street! See all those new businesses popping up?"
When both happen simultaneously:
"Look at both simultanouesly! Wooo! MAGA!"

Seriously, though. For a long time, capitalist, conservative thinking was that if new businesses are always popping up, that's good. It's actually one of the points I agree with. But I see a 'good' economy, but no new businesses. I see a lot of consolidation and mergers...but that's about it. 5-12 years ago, we got shit like Uber, PayPal, YouTube, iPhones, all sorts of cool shit. Now, we just get more shit from Comcast and ATT and Walmart.

Alibaba is doing good, though. That was a pretty good investment for me. I'm pulling it due to the tariffs bullshit, though. If Trump goes balls to the wall, China is gonna reply in kind, because at this point it's about dignity. This means they'll likely pull the stops due to the deficit. I mean new regulations for us companies, selling us debt, rules against investing, possibly even a forced divestment at loss.

It's nice to have a history of human rights violations. You can fight dirty and the people won't get pissed.

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman] * 1
    #25279250 - 06/19/18 04:56 PM (5 years, 9 months ago)

Quote:

qman said:
Quote:

musiclover420 said:
Quote:

Stonehenge said:
Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.




Yeah 150k lost jobs is just a "dip", want to tell all those out of work people yourself? "don't worry guys it's just a dip, trade wars are totally easy to win , MAGA!"





You do realize economic tariffs create dislocations that cost some US jobs, while creating more elsewhere? 





Alright please show us these new jobs then?... By elsewhere do you mean other countries? Because that is what happened, plants got shut down here and moved overseas thanks to the trade war.

Quote:

And that economic tariffs hurt companies that try to sell things into the US, which ultimately leads them to producing the goods here?




Alright then show us these companies that trump "lead to producing goods here" with his tariffs...

:waitingpatiently:

Quote:

Let me guess, you really don't understand how this whole game works and just lick up BS from the corporate media.




At least I am not blindly making assumptions that my dear leader will somehow pull through in the end, despite turning everything he touches into a bigger mess :shrug:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


Edited by musiclover420 (06/19/18 04:56 PM)

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OnlineKryptos
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman] * 2
    #25279253 - 06/19/18 04:57 PM (5 years, 9 months ago)

Quote:

qman said:
Quote:

musiclover420 said:
Quote:

Stonehenge said:
Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.




Yeah 150k lost jobs is just a "dip", want to tell all those out of work people yourself? "don't worry guys it's just a dip, trade wars are totally easy to win , MAGA!"





You do realize economic tariffs create dislocations that cost some US jobs, while creating more elsewhere? 

And that economic tariffs hurt companies that try to sell things into the US, which ultimately leads them to producing the goods here?  Let me guess, you really don't understand how this whole game works and just lick up BS from the corporate media.




Gonna double post cause I'm on a phone. Are 12k steel jobs more important than 146k steel consuming jobs?

Same shit as coal. You're costing tens of millions to save thousands, who were left behind by the free market. Quit subsidizing, you commie. Let capitalism fluorish.

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OfflineThe Ecstatic
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279262 - 06/19/18 05:03 PM (5 years, 9 months ago)

Quote:

qman said:
Quote:

The Ecstatic said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




Is higher priced goods helping main street?


Lol this is what i love about capitalists, they think big business will just throw up their hands and say "welp! guess we'll take that loss, you sure got us Donald," when in reality the costs will just be passed on to the consumer.




So you take issue with Bernie and his position on US trade agreements and the massive trade deficit?




Implying that launching a hostile trade war, even with allies, is the only course of action to fix our economy.


--------------------

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: Kryptos] * 1
    #25279272 - 06/19/18 05:07 PM (5 years, 9 months ago)

Quote:

Kryptos said:
Gonna double post cause I'm on a phone. Are 12k steel jobs more important than 146k steel consuming jobs?

Same shit as coal. You're costing tens of millions to save thousands, who were left behind by the free market. Quit subsidizing, you commie. Let capitalism fluorish.




Also it seems like republicans always want to bail out/subsidize industries they or their cronies are heavily invested in, like timber and coal.

Or betsy devos and private religious schools which she wants to funnel funds into from public schools...

God forbit we invest in something good like renewable energies, hell trump even raised solar taxes I believe in favor of "clean coal" which is one of the stupidest phrases of all time...


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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Onlinekoods
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman] * 2
    #25279460 - 06/19/18 06:29 PM (5 years, 9 months ago)

Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




It’s not good for joe six pack. The problem is joe six pack is an ignorant moron and voted for someone who doesn’t understand economics. The rest of the world learned that tarrifs do not benefit anyone decades ago.

You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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OfflineSirTripAlot
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods] * 2
    #25279469 - 06/19/18 06:34 PM (5 years, 9 months ago)

(shhhh) don't say Obama and the bailouts.


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

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OfflineThe Ecstatic
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods] * 2
    #25279471 - 06/19/18 06:35 PM (5 years, 9 months ago)

Remember when liberals had a supermajority after the 2008 election and they held Wall St accountable for their crimes surrounding the recession?


Oh wait.




Liberals dont want to hold corporations accountable either, theyre just better at pretending they do than conservatives.


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Offlineqman
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279474 - 06/19/18 06:37 PM (5 years, 9 months ago)

Quote:

musiclover420 said:
Quote:

qman said:
Quote:

musiclover420 said:
Quote:

Stonehenge said:
Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.




Yeah 150k lost jobs is just a "dip", want to tell all those out of work people yourself? "don't worry guys it's just a dip, trade wars are totally easy to win , MAGA!"





You do realize economic tariffs create dislocations that cost some US jobs, while creating more elsewhere? 





Alright please show us these new jobs then?... By elsewhere do you mean other countries? Because that is what happened, plants got shut down here and moved overseas thanks to the trade war.

Quote:

And that economic tariffs hurt companies that try to sell things into the US, which ultimately leads them to producing the goods here?




Alright then show us these companies that trump "lead to producing goods here" with his tariffs...

:waitingpatiently:

Quote:

Let me guess, you really don't understand how this whole game works and just lick up BS from the corporate media.




At least I am not blindly making assumptions that my dear leader will somehow pull through in the end, despite turning everything he touches into a bigger mess :shrug:




Nations don't implement tariffs to hurt domestic jobs and cause higher prices for products, do you understand why they might do it? 

Why does China have much higher tariffs than the US?  To protect their industries and to provide employment.

The tariffs haven't even started and now you want to see jobs coming back to the US, please tell me you're joking. Do you know how long it took for the US to lose millions of jobs to third world nations?  Decades!!

You clearly don't understand the theory behind economic tariffs, global trade, the US trade deficit and what's taking place today.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods] * 1
    #25279480 - 06/19/18 06:39 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




It’s not good for joe six pack. The problem is joe six pack is an ignorant moron and voted for someone who doesn’t understand economics. The rest of the world learned that tarrifs do not benefit anyone decades ago.

You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud.




"If you're rich they let you do it"... Different context originally but still appropriate.

How about cops caught committing crimes only to get slaps on the wrist?

Funny how while we let cops/politicians/companies get away with all sorts of crap people like Qman defend a ridiculous border policy that holds refugees to higher standards...

It's like complaining a piece of fruit is a bit dusty meanwhile it is rotting to the core and saying "we need to build a wall to keep off dust!"

...

Quote:

Quote:

SirTripAlot said:
(shhhh) don't say Obama and the bailouts.








You mean the ones started by Bush?

Just a third of Americans know that the bank bailout was enacted by the Bush administration; nearly half incorrectly say it was passed under President Obama.

https://www.cbsnews.com/news/more-americans-think-obama-not-bush-enacted-bank-bailouts-poll-shows/

Looks like Republicans blaming democrats has worked well for awhile huh :wellidunno:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


Edited by musiclover420 (06/19/18 06:40 PM)

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: SirTripAlot] * 2
    #25279483 - 06/19/18 06:40 PM (5 years, 9 months ago)

Quote:

SirTripAlot said:
(shhhh) don't say Obama and the bailouts.




It was the Bush administration, not Obama’s, that bailed out the banks.

How are people so ignorant of recent history?


--------------------
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: Kryptos]
    #25279485 - 06/19/18 06:41 PM (5 years, 9 months ago)

Quote:

Kryptos said:
Quote:

qman said:
Quote:

musiclover420 said:
Quote:

Stonehenge said:
Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.




Yeah 150k lost jobs is just a "dip", want to tell all those out of work people yourself? "don't worry guys it's just a dip, trade wars are totally easy to win , MAGA!"





You do realize economic tariffs create dislocations that cost some US jobs, while creating more elsewhere? 

And that economic tariffs hurt companies that try to sell things into the US, which ultimately leads them to producing the goods here?  Let me guess, you really don't understand how this whole game works and just lick up BS from the corporate media.




Gonna double post cause I'm on a phone. Are 12k steel jobs more important than 146k steel consuming jobs?

Same shit as coal. You're costing tens of millions to save thousands, who were left behind by the free market. Quit subsidizing, you commie. Let capitalism fluorish.




You think true capitalism enables massive trade deficits in the US for decades?  There isn't any "free market" when it comes to global trade agreements. 

Your theories on capitalism and free markets are mistaken, the elite don't play games of chance.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: The Ecstatic]
    #25279492 - 06/19/18 06:43 PM (5 years, 9 months ago)

Quote:

The Ecstatic said:
Quote:

qman said:
Quote:

The Ecstatic said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




Is higher priced goods helping main street?


Lol this is what i love about capitalists, they think big business will just throw up their hands and say "welp! guess we'll take that loss, you sure got us Donald," when in reality the costs will just be passed on to the consumer.




So you take issue with Bernie and his position on US trade agreements and the massive trade deficit?




Implying that launching a hostile trade war, even with allies, is the only course of action to fix our economy.




The only thing that's hostile is the US trade deficit, now please answer the question.

"fix our economy"

The US economy is fine, my main concern is the working class.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: The Ecstatic]
    #25279498 - 06/19/18 06:45 PM (5 years, 9 months ago)

Quote:

The Ecstatic said:
Remember when liberals had a supermajority after the 2008 election and they held Wall St accountable for their crimes surrounding the recession?


Oh wait.




Liberals dont want to hold corporations accountable either, theyre just better at pretending they do than conservatives.




https://en.m.wikipedia.org/wiki/Dodd–Frank_Wall_Street_Reform_and_Consumer_Protection_Act


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods] * 2
    #25279509 - 06/19/18 06:48 PM (5 years, 9 months ago)

Quote:

The US economy is fine, my main concern is the working class.



If you support tarrifs you don’t give a shit about the working class. We have known for decades the kinds of policies trump is enacting do not achieve his goals. He’s an idiot and you’re falling for his 5th grade understanding of how the world works.


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25279514 - 06/19/18 06:49 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




It’s not good for joe six pack. The problem is joe six pack is an ignorant moron and voted for someone who doesn’t understand economics. The rest of the world learned that tarrifs do not benefit anyone decades ago.

You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud.




The rest of world has benefited at the expense of the US working class, what did Obama do for them? Not a dam thing.

If the rest of the world thinks tariffs are so bad, why do they use them while the US doesn't?  I don't think you even understand what's going on.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods] * 1
    #25279517 - 06/19/18 06:51 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

The Ecstatic said:
Remember when liberals had a supermajority after the 2008 election and they held Wall St accountable for their crimes surrounding the recession?


Oh wait.




Liberals dont want to hold corporations accountable either, theyre just better at pretending they do than conservatives.




https://en.m.wikipedia.org/wiki/Dodd–Frank_Wall_Street_Reform_and_Consumer_Protection_Act




Oh yeah, the wet paper legislation that theyve already deregulated themselves out of.

Lol.


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: The Ecstatic]
    #25279521 - 06/19/18 06:52 PM (5 years, 9 months ago)

Quote:

qman said:
Quote:

koods said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




It’s not good for joe six pack. The problem is joe six pack is an ignorant moron and voted for someone who doesn’t understand economics. The rest of the world learned that tarrifs do not benefit anyone decades ago.

You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud.




The rest of world has benefited at the expense of the US working class, what did Obama do for them? Not a dam thing.

If the rest of the world thinks tariffs are so bad, why do they use them while the US doesn't?  I don't think you even understand what's going on.




Great so now trump and his cronies can benefit at the expense of the working class instead! Great work, MAGA :rolleyes:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279525 - 06/19/18 06:52 PM (5 years, 9 months ago)

Quote:

qman said:


The US economy is fine, my main concern is the working class.




Lmao how can you say the US economy is fine?


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25279529 - 06/19/18 06:53 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

The US economy is fine, my main concern is the working class.



If you support tarrifs you don’t give a shit about the working class. We have known for decades the kinds of policies trump is enacting do not achieve his goals. He’s an idiot and you’re falling for his 5th grade understanding of how the world works.




Don't worry, all of this talk about economic tariffs is just theater.

It would cost the people in power incredible amounts of money, not gonna happen.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: The Ecstatic] * 1
    #25279555 - 06/19/18 06:59 PM (5 years, 9 months ago)

Quote:

The Ecstatic said:
Quote:

qman said:


The US economy is fine, my main concern is the working class.




Lmao how can you say the US economy is fine?




On a relative basis, it's true. The stock, bond and real estate markets are near all-time highs, and the US dollar is once again the best shirt in a dirty laundry bag.

Obviously, the US worker has no wage growth and mountains of debt. The people in power have what they want, low growth, low inflation, low commodity prices and no wage pressure.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279597 - 06/19/18 07:15 PM (5 years, 9 months ago)

Quote:

qman said:
Quote:

koods said:
Quote:

The US economy is fine, my main concern is the working class.



If you support tarrifs you don’t give a shit about the working class. We have known for decades the kinds of policies trump is enacting do not achieve his goals. He’s an idiot and you’re falling for his 5th grade understanding of how the world works.




Don't worry, all of this talk about economic tariffs is just theater.

It would cost the people in power incredible amounts of money, not gonna happen.




Sure, just like all the times the white house has assured the public "trump is just kidding" only for it to turn out he was totally serious....

Quote:

qman said:
Quote:

The Ecstatic said:
Quote:

qman said:


The US economy is fine, my main concern is the working class.




Lmao how can you say the US economy is fine?




On a relative basis, it's true. The stock, bond and real estate markets are near all-time highs, and the US dollar is once again the best shirt in a dirty laundry bag.

Obviously, the US worker has no wage growth and mountains of debt. The people in power have what they want, low growth, low inflation, low commodity prices and no wage pressure.




Yes it started doing better, under obama after he fixed some of Bush's mess. Trump is already steering us back down again if things continue this way... But at least the next recession will hit in time to blame a democrat just like last time :facepalm3:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25279632 - 06/19/18 07:25 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

SirTripAlot said:
(shhhh) don't say Obama and the bailouts.




It was the Bush administration, not Obama’s, that bailed out the banks.

How are people so ignorant of recent history?




Or how can one be ignorant of the implementation of the bailouts? Your saying Obama couldn't stop prior presidents actions. Want me to show you where he said 'it was "necessary"

The majority of money and time was under Obama s watch, but you know that.

https://www.politico.com/story/2009/01/obama-gets-first-major-win-with-tarp-017504


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

Edited by SirTripAlot (06/19/18 07:27 PM)

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279647 - 06/19/18 07:29 PM (5 years, 9 months ago)

Quote:

Stonehenge said:
Oh golly did the stock market dip a little bit? It has never done that before has it? lol Trump did the right thing hitting china and china will end up giving ground watch and see.




Yeah 150k lost jobs is just a "dip", want to tell all those out of work people yourself? "don't worry guys it's just a dip, trade wars are totally easy to win , MAGA!"





You do realize economic tariffs create dislocations that cost some US jobs, while creating more elsewhere? 

And that economic tariffs hurt companies that try to sell things into the US, which ultimately leads them to producing the goods here?  Let me guess, you really don't understand how this whole game works and just lick up BS from the corporate media.




Gonna double post cause I'm on a phone. Are 12k steel jobs more important than 146k steel consuming jobs?

Same shit as coal. You're costing tens of millions to save thousands, who were left behind by the free market. Quit subsidizing, you commie. Let capitalism fluorish.




You think true capitalism enables massive trade deficits in the US for decades?  There isn't any "free market" when it comes to global trade agreements. 

Your theories on capitalism and free markets are mistaken, the elite don't play games of chance.




True capitalism enables anything. The US is non-competitive in the manufacturing sector. We're spoiled little brats who can't work 14 hour days for a dollar a day. We don't deserve to survive in the dog eat dog market of competitive free market. There's a reason I support Chinese textile plants, and that reason is they're easily 3x cheaper for the same quality goods. Capitalism and the free market have told the US: if you wanna be a spoiled brat, get ready for a trade deficit. Some of us have gone "waaaaa!" and some of us have decided that financial, high tech, and cultural exports are an easy market, because I don't work the aforementioned 14 hour days for a dollar a day. The free market capitalism throughout the world lets me pay a brown person to do that bullshit work for me.

By all means, if you, Mr. US citizen, wanna work in my sweatshop for pennies an hour, then I'll show you how to be competitive in a capitalist economy. I'm guessing you won't take the job though. You'll vote for protectionist subsidies and tariffs, to protect your snowflake unskilled ass from real labor.</font></font></font>

EDIT:

No, seriously, what's the difference between being a welfare queen and hiding behind tariffs? Either way, you're stealing money and redistributing it to the poor (in theory, at least, but with hom much Trump goes golfing...)

Edited by Kryptos (06/19/18 07:31 PM)

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: SirTripAlot]
    #25279651 - 06/19/18 07:30 PM (5 years, 9 months ago)

Quote:

SirTripAlot said:
Quote:

koods said:
Quote:

SirTripAlot said:
(shhhh) don't say Obama and the bailouts.




It was the Bush administration, not Obama’s, that bailed out the banks.

How are people so ignorant of recent history?




Or how can one be ignorant of the implementation of the bailouts? Your saying Obama couldn't stop prior presidents actions. Want me to show you where he said 'it was "necessary"

The majority of money and time was under Obama s watch, but you know that.

https://www.politico.com/story/2009/01/obama-gets-first-major-win-with-tarp-017504




So it's obamas fault for not stopping Bush from bailing them out?

Impeccable logic :rofldrunk:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279659 - 06/19/18 07:35 PM (5 years, 9 months ago)

Did you read the link?

Not yet in the White House but working the phones as if he were, Barack Obama won a crucial Senate vote Thursday clearing the release of $350 billion more in bailout funds from the Treasury Department’s controversial financial rescue program.


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: SirTripAlot]
    #25279669 - 06/19/18 07:39 PM (5 years, 9 months ago)

Which means that if Trump wants a high score, he need s to get $351B in bailouts out to companies.

So far, they seem to be going to his and his friend's companies, though. Not the banks that control the very existence of money.

One seems to fund the necessary evils in society, and the other seems to fund himself. Oh, feel free to rail against banks some more, and argue that they;re unnecessary evils. Then try buying gas with a cabbage. Or a wheelbarrow of cabbage.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279671 - 06/19/18 07:40 PM (5 years, 9 months ago)

Quote:

qman said:
Quote:

koods said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




It’s not good for joe six pack. The problem is joe six pack is an ignorant moron and voted for someone who doesn’t understand economics. The rest of the world learned that tarrifs do not benefit anyone decades ago.

You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud.




The rest of world has benefited at the expense of the US working class, what did Obama do for them? Not a dam thing.

If the rest of the world thinks tariffs are so bad, why do they use them while the US doesn't?  I don't think you even understand what's going on.




Some countries still use tarrifs to fund their governments, as the US did until 100 years ago.

Almost all modern economies use tarrifs sparingly.


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods] * 1
    #25279678 - 06/19/18 07:42 PM (5 years, 9 months ago)

Well, back then we didn't have taxes. With the deficit though, we'll need both.

It's like one of those big, floppy, latex, double-dongs.

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: SirTripAlot]
    #25279699 - 06/19/18 07:52 PM (5 years, 9 months ago)

Quote:

SirTripAlot said:
Did you read the link?

Not yet in the White House but working the phones as if he were, Barack Obama won a crucial Senate vote Thursday clearing the release of $350 billion more in bailout funds from the Treasury Department’s controversial financial rescue program.




Which link there have been like 2-3+.

Why not quote that part to confirm it for us all?

Also how would Obama win a senate vote on a move started by Bush? That seems weird.


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: SirTripAlot] * 1
    #25279705 - 06/19/18 07:55 PM (5 years, 9 months ago)

Quote:

SirTripAlot said:
Quote:

koods said:
Quote:

SirTripAlot said:
(shhhh) don't say Obama and the bailouts.




It was the Bush administration, not Obama’s, that bailed out the banks.

How are people so ignorant of recent history?




Or how can one be ignorant of the implementation of the bailouts? Your saying Obama couldn't stop prior presidents actions. Want me to show you where he said 'it was "necessary"

The majority of money and time was under Obama s watch, but you know that.

https://www.politico.com/story/2009/01/obama-gets-first-major-win-with-tarp-017504




That article was written on 1/15/2009. Obama wasn’t even president yet. Those were the days. When a president elect wasn’t trying to undermine the current president’s policies.  When the bailout bill passed, he hadn’t even been elected.

You’re also assuming I don’t agree with the bailouts. I think it was the right move. That doesn’t change the fact that you seem to be ascribing the bailouts to Obama when it wasn’t his bill because he wasn’t president.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: Kryptos]
    #25279715 - 06/19/18 07:59 PM (5 years, 9 months ago)

Quote:

Kryptos said:
It's like one of those big, floppy, latex, double-dongs.




Except tariffs are bad.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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OnlineKryptos
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25279720 - 06/19/18 08:00 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

Kryptos said:
It's like one of those big, floppy, latex, double-dongs.




Except tariffs are bad.




So are big and floppy latex double dongs. By comparison to reality.

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: Kryptos] * 1
    #25279723 - 06/19/18 08:02 PM (5 years, 9 months ago)

Quote:

Kryptos said:
Quote:

koods said:
Quote:

Kryptos said:
It's like one of those big, floppy, latex, double-dongs.




Except tariffs are bad.




So are big and floppy latex double dongs. By comparison to reality.





Trevor Moore: The Story of Our Times - "My Computer Just Became Self Aware" - Uncensored

Quote:

If we're gonna time travel
We should do something good
Like try to stop racism
Or help our fellow man
So we went to the past and picked up Harriet Tubman
We got a huge strap-on, attached it to her crotch
Then we fucked Hitler and made Eva Braun watch

"Don't be racist," we said as we both flew away
Through history, finding bad guys and making 'em pay




:rofldrunk:


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


Extras: Filter Print Post Top
Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 3 hours, 22 minutes
Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: musiclover420]
    #25279724 - 06/19/18 08:02 PM (5 years, 9 months ago)

Quote:

musiclover420 said:
Quote:

qman said:
Quote:

koods said:
Quote:

The US economy is fine, my main concern is the working class.



If you support tarrifs you don’t give a shit about the working class. We have known for decades the kinds of policies trump is enacting do not achieve his goals. He’s an idiot and you’re falling for his 5th grade understanding of how the world works.




Don't worry, all of this talk about economic tariffs is just theater.

It would cost the people in power incredible amounts of money, not gonna happen.




Sure, just like all the times the white house has assured the public "trump is just kidding" only for it to turn out he was totally serious....

Quote:

qman said:
Quote:

The Ecstatic said:
Quote:

qman said:


The US economy is fine, my main concern is the working class.




Lmao how can you say the US economy is fine?




On a relative basis, it's true. The stock, bond and real estate markets are near all-time highs, and the US dollar is once again the best shirt in a dirty laundry bag.

Obviously, the US worker has no wage growth and mountains of debt. The people in power have what they want, low growth, low inflation, low commodity prices and no wage pressure.




Yes it started doing better, under obama after he fixed some of Bush's mess. Trump is already steering us back down again if things continue this way... But at least the next recession will hit in time to blame a democrat just like last time :facepalm3:




There's absolutely no difference between the Obama and Trump economy. Maybe that will change down the road, but for now it's all the same.

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Offlinemusiclover420
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279728 - 06/19/18 08:04 PM (5 years, 9 months ago)

Quote:

qman said:
There's absolutely no difference between the Obama and Trump economy. Maybe that will change down the road, but for now it's all the same.




That is my point. Obama fixed bush's mess, trump has tried taking credit for the current economy even though like you said there has been little to no difference, if anything seems there has been a negative difference thanks to trump...


--------------------
Don't worry about me, I've got all that I need. And I'm singing my song to the sky

You know how it feels, With the breeze of the sun in your eyes. Not minding that time's passing by

I've got all and more, My smile, just as before. Is all that I carry with me

I talk to myself, I need nobody else. I'm lost and I'm mine, yes I'm free


Edited by musiclover420 (06/19/18 08:04 PM)

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Offlineqman
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Registered: 12/06/06
Posts: 34,927
Last seen: 3 hours, 22 minutes
Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25279733 - 06/19/18 08:07 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

qman said:
Quote:

koods said:
Quote:

qman said:
What's good for Main Street sometimes isn't good for Wall Street, why are you siding with the Fat Cats instead of Joe Six-Pack? 

I thought "liberals" wanted to stick it to Wall Street one day? Oh let me guess, it's not cool if Trump is doing it.  :rofl2:




It’s not good for joe six pack. The problem is joe six pack is an ignorant moron and voted for someone who doesn’t understand economics. The rest of the world learned that tarrifs do not benefit anyone decades ago.

You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud.




The rest of world has benefited at the expense of the US working class, what did Obama do for them? Not a dam thing.

If the rest of the world thinks tariffs are so bad, why do they use them while the US doesn't?  I don't think you even understand what's going on.




Some countries still use tarrifs to fund their governments, as the US did until 100 years ago.

Almost all modern economies use tarrifs sparingly.




China and others emerging economies use tariffs. I don't take issue with trade with developed economies, it's with China, Mexico and others.

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OnlineKryptos
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279754 - 06/19/18 08:14 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

Kryptos said:
It's like one of those big, floppy, latex, double-dongs.




Except tariffs are bad.




So are big and floppy latex double dongs. By comparison to reality.





Trevor Moore: The Story of Our Times - "My Computer Just Became Self Aware" - Uncensored

Quote:

If we're gonna time travel
We should do something good
Like try to stop racism
Or help our fellow man
So we went to the past and picked up Harriet Tubman
We got a huge strap-on, attached it to her crotch
Then we fucked Hitler and made Eva Braun watch

"Don't be racist," we said as we both flew away
Through history, finding bad guys and making 'em pay




:rofldrunk:




That's only a single dong, not a double dong.

I'm thinking more along the lines of:
t=19


Quote:

qman said:
Quote:

koods said:
Quote:

The US economy is fine, my main concern is the working class.



If you support tarrifs you don’t give a shit about the working class. We have known for decades the kinds of policies trump is enacting do not achieve his goals. He’s an idiot and you’re falling for his 5th grade understanding of how the world works.




Don't worry, all of this talk about economic tariffs is just theater.

It would cost the people in power incredible amounts of money, not gonna happen.




Sure, just like all the times the white house has assured the public "trump is just kidding" only for it to turn out he was totally serious....

Quote:

qman said:
Quote:

The Ecstatic said:
Quote:

qman said:


The US economy is fine, my main concern is the working class.




Lmao how can you say the US economy is fine?




On a relative basis, it's true. The stock, bond and real estate markets are near all-time highs, and the US dollar is once again the best shirt in a dirty laundry bag.

Obviously, the US worker has no wage growth and mountains of debt. The people in power have what they want, low growth, low inflation, low commodity prices and no wage pressure.




Yes it started doing better, under obama after he fixed some of Bush's mess. Trump is already steering us back down again if things continue this way... But at least the next recession will hit in time to blame a democrat just like last time :facepalm3:




There's absolutely no difference between the Obama and Trump economy. Maybe that will change down the road, but for now it's all the same.




One stabilized a hungover economy, the other gave it cocaine instead. Now we'll see the hangover.

I'm seriously considering voting Trump 2020 because I wanna watch the re

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OfflineSirTripAlot
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25279759 - 06/19/18 08:17 PM (5 years, 9 months ago)

Quote:

koods said:
Quote:

SirTripAlot said:
Quote:

koods said:
Quote:

SirTripAlot said:
(shhhh) don't say Obama and the bailouts.




It was the Bush administration, not Obama’s, that bailed out the banks.

How are people so ignorant of recent history?




Or how can one be ignorant of the implementation of the bailouts? Your saying Obama couldn't stop prior presidents actions. Want me to show you where he said 'it was "necessary"

The majority of money and time was under Obama s watch, but you know that.

https://www.politico.com/story/2009/01/obama-gets-first-major-win-with-tarp-017504




That article was written on 1/15/2009. Obama wasn’t even president yet. Those were the days. When a president elect wasn’t trying to undermine the current president’s policies.  When the bailout bill passed, he hadn’t even been elected.

You’re also assuming I don’t agree with the bailouts. I think it was the right move. That doesn’t change the fact that you seem to be ascribing the bailouts to Obama when it wasn’t his bill because he wasn’t president.




No shit, did you read the article, it states that, first paragraph. It also states  Obama secured more funds for TARP....So you agree with the bailouts Bush passed as you were so forthright in saying? Please clarify this statement then, if you are for the bailouts:

"You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud."


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”

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Onlinekoods
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: qman]
    #25279836 - 06/19/18 09:02 PM (5 years, 9 months ago)

Quote:

qman said:
Quote:

koods said:
Quote:

qman said:
Quote:

koods said:

It’s not good for joe six pack. The problem is joe six pack is an ignorant moron and voted for someone who doesn’t understand economics. The rest of the world learned that tarrifs do not benefit anyone decades ago.

You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud.




The rest of world has benefited at the expense of the US working class, what did Obama do for them? Not a dam thing.

If the rest of the world thinks tariffs are so bad, why do they use them while the US doesn't?  I don't think you even understand what's going on.




Some countries still use tarrifs to fund their governments, as the US did until 100 years ago.

Almost all modern economies use tarrifs sparingly.




China and others emerging economies use tariffs. I don't take issue with trade with developed economies, it's with China, Mexico and others.




We have a free trade agreement with Mexico. What tarriffs do they impose on US imports? As far as I can tell they are all retaliation


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Onlinekoods
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: SirTripAlot]
    #25279842 - 06/19/18 09:07 PM (5 years, 9 months ago)

Quote:

SirTripAlot said:
Quote:

koods said:
Quote:

SirTripAlot said:
Quote:

koods said:

It was the Bush administration, not Obama’s, that bailed out the banks.

How are people so ignorant of recent history?




Or how can one be ignorant of the implementation of the bailouts? Your saying Obama couldn't stop prior presidents actions. Want me to show you where he said 'it was "necessary"

The majority of money and time was under Obama s watch, but you know that.

https://www.politico.com/story/2009/01/obama-gets-first-major-win-with-tarp-017504




That article was written on 1/15/2009. Obama wasn’t even president yet. Those were the days. When a president elect wasn’t trying to undermine the current president’s policies.  When the bailout bill passed, he hadn’t even been elected.

You’re also assuming I don’t agree with the bailouts. I think it was the right move. That doesn’t change the fact that you seem to be ascribing the bailouts to Obama when it wasn’t his bill because he wasn’t president.




No shit, did you read the article, it states that, first paragraph. It also states  Obama secured more funds for TARP....So you agree with the bailouts Bush passed as you were so forthright in saying? Please clarify this statement then, if you are for the bailouts:

"You thought liberals want to stick it to Wall Street? Again, you are wrong. Liberals just want wall street to be held responsible when they commit crimes. If you’re Mexican and you commit a misdemeanor you lose your kids. If you’re a banker you get a bailout after committing a billion dollar fraud."




Didn’t say the bailouts weren’t necessary. What I’m saying is that getting a bailout was the only thing that happened to Wall Street fraudsters


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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Offlinesprinkles
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25280228 - 06/20/18 03:43 AM (5 years, 9 months ago)

what the hell is this MAGA thing everyone keeps saying?


--------------------
welcome to my world http://www.shroomery.org/forums/postlist.php/Board/326

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Onlinekoods
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: sprinkles]
    #25280230 - 06/20/18 03:45 AM (5 years, 9 months ago)

It means America is a mediocre country


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

Edited by koods (06/20/18 03:45 AM)

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OfflineThe Ecstatic
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods] * 1
    #25280340 - 06/20/18 06:29 AM (5 years, 9 months ago)

It is


--------------------

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Offlinesprinkles
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: koods]
    #25280358 - 06/20/18 06:38 AM (5 years, 9 months ago)

that be AIAMC not MAGA?  why come everyone knows but me?  is this old people discrimination?



I cant wait till I hit 40 and look like 65.  then I can get away with stuff.  Like go exploring and wandering on peoples private property pretending to be lost.  Or make people repeat themselves 300x then ask why they are talking so loud.  Walk REEEEEALLY slow or stop when crossing the street in front of cars, then when someone tries to help I'll run.  that will be the funnest time ever.  I hope I can remember to do all this shit since I already got the early dementias.


--------------------
welcome to my world http://www.shroomery.org/forums/postlist.php/Board/326

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OfflineMorel Guy
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: sprinkles]
    #25280481 - 06/20/18 08:29 AM (5 years, 9 months ago)

In every GOD DAMN political thread, it's the same people saying the same pointless shit.

Most nonconstructive sub-forum on here.


--------------------
"in sterquiliniis invenitur in stercore invenitur"

In filth it will be found in dung it will be found

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Offlinesprinkles
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: Morel Guy]
    #25280488 - 06/20/18 08:34 AM (5 years, 9 months ago)

and yet here you are.


and why are you saying that to me?  my post had nothing to do anything even close to "the same pointless shit."




are you on drugs?  or are you just a really miserable guy?  miserable guy is much more appropriate user name for you, morel guy.


--------------------
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Onlinekoods
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Re: Trump's "easy to win" trade war wipes out 2018 DOW gains [Re: sprinkles] * 2
    #25290753 - 06/25/18 10:29 AM (5 years, 8 months ago)

Well, this was entirely predictable. Harley Davidson is moving its production of EU destined products out of the United States. Hey Trumpheads... Harley currently makes motorcycles for Europe in the US, but due to Trumps idiotic trade war, that production is now being moved overseas. THIS IS WHAT HAPPENS WHEN YOU ELECT A FUCKING MORON. GOOD JOB.

https://www.sec.gov/Archives/edgar/data/793952/000079395218000038/a8-kitem701tariffdisclosur.htm
Quote:

Harley-Davidson believes the tremendous cost increase, if passed onto its dealers and retail customers, would have an immediate and lasting detrimental impact to its business in the region, reducing customer access to Harley-Davidson products and negatively impacting the sustainability of its dealers’ businesses. Therefore, Harley-Davidson will not raise its manufacturer’s suggested retail prices or wholesale prices to its dealers to cover the costs of the retaliatory tariffs. In the near-term, the company will bear the significant impact resulting from these tariffs, and the company estimates the incremental cost for the remainder of 2018 to be approximately $30 to $45 million. On a full-year basis, the company estimates the aggregate annual impact due to the EU tariffs to be approximately $90 to $100 million.

To address the substantial cost of this tariff burden long-term, Harley-Davidson will be implementing a plan to shift production of motorcycles for EU destinations from the U.S. to its international facilities to avoid the tariff burden. Harley-Davidson expects ramping-up production in international plants will require incremental investment and could take at least 9 to 18 months to be fully complete.





--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”

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