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Posted
9 hours ago, Okie State said:

Of course all of that. Somebody told him something though and he latched onto it. What was it?

His first bit of analysis here was that before income taxes, tariffs were a or the primary revenue source of the US Government.  So, more tariffs = no income tax.

Someone else told him that tariffs can also be used to incent domestic purchasing and manufacture.

That's about all the analysis he's ever done.

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Posted (edited)
2 hours ago, Texas Jeff said:

My theory:

Trump does not buy stuff.  Most of our leaders don't.  If they want a hamburger they ask an aide and a hamburger appears.
Trump does know what he thinks his net worth is, and higher is better.

So, to Trump, having more money is the goal since he does nothing to get the stuff he actually uses.  Rounds of golf, transportation on a private 747, food, clothing, shelter.  He gets what he wants not by trading money for goods, but by asking someone else to make them appear.  If the person fails to make the goods appear, they are fired, which he enjoys doing, and he has a person that will make a new person appear who will attempt to make the goods he wants appear. And if they don't, he will fire them too, which he enjoys doing.

Along with many of our leaders, he is disconnected from the experience of the average American.

Yep.  And when it comes to actually spending money, like on one of his projects, he seems to be a colossal cheapskate, even though it's not his money.

No or less spending means Trump richer.  No consideration whatsoever for what the spending purchases or its value.  If he's spending, it means someone's getting over on him.  The zero-sum, transactional nature of that fucking guy.

That's why he loves licensing his name more than anything else.  He doesn't come out of pocket at all.

Edited by TwiceHorn
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Posted

I find it mind bottling how many bullshit statements by Trump and his minions (taken at their word as true) will be enough to pull up the market.

I mean, Trump was quoted saying, “80% tariff sounds about right”.    In what fucking world is most every Chinese made good being 80% more expensive a benefit to American families or our economy?  TEMU should have a tariff add-on to the spin wheel.   And yet, the markets will probably joyously react that it’s not 140%.  So bizarre.  

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Posted (edited)
1 hour ago, Francisco 2.0 said:

I'm guessing Mr. Greer will be unemployed soon:

 

 

 

I can't prove it, obviously, but Trump I's USTR, Robert Lighthizer, had been a GOP trade guy for a long time.  Although he is by reputation a trade hawk, it seems he kept Navarro and some of Trump's worst instincts tamped down, like a lot of people in Trump I.

This guy was Lighthizer's number 2, which I guess means isn't the same guy but maybe close.  Fairly obviously, he didn't have Navarro and Trump tamped down.  He looks pretty young/junior to me.

Although I'm pretty sure I hate Bessent, the fact that he and this guy seem to be dominating the discussion these days may be a positive sign for the rationals.

That's one of the best posts I've ever seen from Empty wheel, though.  The clips of the legal briefs show that review of a president's declaration of emergency for tariff purposes may be unreviewable. 

Congress needs to get off its ass and take back tariff power ASAP.

Edited by TwiceHorn
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Posted (edited)
37 minutes ago, tx 3 putt said:

 

the man is a complete idiot 

 

He is an idiot. But 65% of Americans only read up to stocks soar. So he is the biggest idiot in control of a large group of idiots. 

Edited by Dr. Teeth
Posted

I think we can all breathe a sigh of relief that everything we buy from China is now only 30% more expensive.   Thank God, Bezos and Elmo won’t have to pay those crippling taxes anymore.

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