Jump to content

Bateshorn

Legacy Members
  • Posts

    5697
  • Joined

  • Last visited

Everything posted by Bateshorn

  1. What the fuck are you babbling on about? We tried it his way. For like 300 fucking years. It was called mercantilism, and Europeans had free forced labor to go with it. By every measure free trade has improved the lives of virtually every person it touches by any measure. It’s not perfect. The capitalist system isn’t. But to argue the haphazard and random way in which he is applying and taking away tariffs represents any cohesive vision of a post free trade economic system is, frankly, stupid.
  2. In a non and low stealth environment, the Ukrainians have to be onsidered one of the world drone leaders.
  3. What if we also added in Pacific partners (Japan, Korea, Australia), but not China, to create a huge Pacific Free Trade Zone that would boost economies and build mutually reenforcing alliances against Beijing's growing military adventurism and keep them from implementing belt and road in central and south america? Oh. wait. that was the Trans Pacific Partnership.
  4. The thing is, if you were serious about reshoring, you wouldn't just roll over exisiting tax cuts. You'd tell the American people, this is the new direction of America, and we are going to have to redesign our tax code, entitlement system, and industrial policy to accomodate it. Instead, it's basically trade policy the way my buddy plays golf: grip it and rip it.
  5. Edit for getting my north and south mixed up.
  6. The most obvious is Smoot-Hawley, which took the damage from from the Stock Market collapse of 1929 and the follow on bank runs, started a global trade war and took a bad recession and made it the Great Depression. The McKinley Tariffs of 1893 excerbated the Panic of 1893 by dramatically raising prices and restricting economic activity. The Panic of 1837 was brought on by land speculation in the West, as well as an effort to recapitalize the English Banking system, sucking money out of the East Coast banks. But tariffs on Agriculutural products implemented at the insistence of Southern Politicians to protect domestic markets excerbated the problem. I guess it's more accurate to say that substantial tariffs have a propensity to suppress economic activity and greatly excerbated existing poor economic conditions. From an macro economic perspective: I'm not going to rehash the third week of Economics 101. You either took the class and implicitly understand tariffs are bad for economies (whether they are a net overall good for a society is a different conversation) or you don't. As to other countries: Most of the world abides by a series of global trade treaties or submits to binding decisions by the World Trade Organization. If a country has imposed a tariff, is usually because the other side has agreed it's okay, lost a WTO case, or just doesn't care because it's not a source of much trade. We are currently under a trade agreement with Mexico and Canada, that Donald Trump negotiated. He's angry about his own deal.
  7. Steroids and cocaine is a hell of combination.
  8. Lifes tough when you got a big dick. Or so I've heard.
  9. I knew a SOF trainer doing his rotation at the Pentagon when I lived in VA. He once told me that if you believed all the stories that those guys tell, the Ayatollah has been killed about 50 times over.
  10. I love playing Halo with my sons on Co-op, even now as grown ass men. I'm forever stuck in the 2000-2012 when the Master Chief ruled them all. But I suck at Halo. I struggle to be competitive on Heroic, and Legendary is just like a joke. I can talk the Pope into buying a pack of Trojan Magnums, but I can't head shot an Elite to save my god damn life, and I'm hopeless on multi player, so when my kids go online to play shooters, I log off and call it a night, cause they dont need my lame ass in the corner, shooting the wall. A man has to know his limitations.
  11. That's not what I'm implying. I'm simply pointing out ownership, and to be wary of arguments that are reduced down to "FURNERS OWN AMEERICA!!!" I agree with your broader point: A missed bond payment is a missed bond payment. And would be very bad.
  12. Tariffs might initially be inflationary, in that they will cause a price spike, long term they are aggressively deflationary, as they are a defacto sales tax. Goods with inelastic demand will become more expensive as the government pulls money out of the economy (pr domestic producers raise prices to collect more profit) via customs collection, and the resulting pass through pricing, while elastic goods will see their demand drop, reducing overall economic activity. There is a reason that big tariff bills had a bad propensity to induce panics and recessions during the 19th century: they tended to kill economic growth and smother the economy. Luckily, we aren't on the gold standard, which excerbated those panics....at least we aren't right now.
  13. Most of the national debt is actually held by the federal government. It's money we owe ourselves. It's how Social Security will cover it's revenue short fall in a few year's if the current tax and benefit numbers aren't adjusted.
  14. While it hasn’t been consistent, he seems to get mouthy about tariffs after a green day.
  15. It’s a key ingredient in making steel.
  16. “Termed out”
  17. Pharmaceutical grade copium.
  18. Este. If I wanted overpriced oak bombs. I’ll just drink Yellowtail then set a 100 bill on fire. Ana being a Cakebread or Silver Oak honk is very on brand .
  19. I'm going to go snap up some CdP and other Rhones plus Right Bank Bordeaux's this weekend. It's going to be a long 4 years.
  20. We are getting dangerously close to a Katie-bar-the-door moment where retail long investors start to panic.
  21. The other issue is the authority he is using under the National Emergencies Act can be revoked by Congress in an expedited fashion and without his signature. Of course the House GOP cucked it self for this year and blocked an effort to force a congressional vote, but the uncertainty question remains. You can’t build an industrial policy on the back of an economics provision designed to give President’s short term economic powers. Sure companies will say all the right things. But I’m not actually going to put real money into a factory in Cleveland under such an impermanent policy.
  22. Like Zores? or Tsores? Trouble? He's definitely a paskudnyak. To be fair, I picked up most of my Yiddish from my friends who were from Brookline when I was at Bates. And that was a looooooong time ago, so it's pretty rusty.
  23. I don't know how he manages to be a putz and a schmuck at the same time, since that's usually not possible, but he's just breaking rules all over the place.
  24. I normally think the Surl is fucking insane with it's "Seen hotter on campus" bullshit, but that is.......well, Cringe is being charitable.
×
×
  • Create New...