The President Trump Megathread

mibro

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Yes, well, that should not surprise anybody as the Trump Tariffs are paid by the American companies doing the importing and are not included in import prices in any way.

More than a year into the U.S.-China trade war, American consumers are about to find themselves squarely in the crosshairs for the first time, with households estimated to face up to $1,000 in additional costs each year from tariffs, according to research from JPMorgan Chase.

Consumers, whose spending fuels about 70 percent of the U.S. economy, have been largely shielded from previous rounds of tariffs, which have left businesses reeling and upended global supply chains. But that’s about to change with the 10 percent levies on roughly $300 billion in Chinese imports, about a third of which will take effect Sept. 1. Those tariffs will primarily target consumer goods.
I think of this tariff as the Walmart tariff as it will now affect the retail price of everything Walmart sells. Clothing and many consumer goods have been tariff-free until September 1st.

The tariff I am paying on industrial commodities is now at 30%.
 

Spanz

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I think of this tariff as the Walmart tariff as it will now affect the retail price of everything Walmart sells. Clothing and many consumer goods have been tariff-free until September 1st.

The tariff I am paying on industrial commodities is now at 30%.
yep. and until a new supply chain is found...it will be painful. But is having a 100% lock on our materials and commodities source be an enemy of the United States a good long term strategy? A little pain today, may circumvent a LOT of pain in the future...as China takes over half the world militarily! Nip it in the bud.

I KNOW American business can not see beyond the next quarter on the balance sheet, but that is simply because we are IDIOTS here. think 10, 20 years out!
 
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Opinion | Warren’s Assault on Retiree Wealth



Who owns the vast wealth of America? Old folks. According to the Federal Reserve, households headed by people over the age of 55 own 73% of the value of domestically owned stocks, and the same share of America’s total wealth. Households of ages 65 to 74 have an average of $1,066,000 in net worth, while those between ages 35 and 44 have less than a third as much on average, at $288,700.

A socialist might see injustice in that inequality. But seniors know this wealth gap is the difference between the start and the finish of a career of work and thrift, making the last mortgage and retirement payments rather than the first. Seventy-two percent of the value of all domestically held stocks is owned by pension plans, 401(k)s and individual retirement accounts, or held by life insurance companies to fund annuities and death benefits. This wealth accumulated over a lifetime and benefits all Americans.
 

Dadstoys

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Opinion | Warren’s Assault on Retiree Wealth



Who owns the vast wealth of America? Old folks. According to the Federal Reserve, households headed by people over the age of 55 own 73% of the value of domestically owned stocks, and the same share of America’s total wealth. Households of ages 65 to 74 have an average of $1,066,000 in net worth, while those between ages 35 and 44 have less than a third as much on average, at $288,700.

A socialist might see injustice in that inequality. But seniors know this wealth gap is the difference between the start and the finish of a career of work and thrift, making the last mortgage and retirement payments rather than the first. Seventy-two percent of the value of all domestically held stocks is owned by pension plans, 401(k)s and individual retirement accounts, or held by life insurance companies to fund annuities and death benefits. This wealth accumulated over a lifetime and benefits all Americans.
Anyone not dependent on the government to survive has a target on their back .
 

10thSFFD

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Your tax money at work. New BS is quickly canned and the old BS is dusted off.

Senior U.S. Democrat focused on Trump impeachment, not Kavanaugh - Reuters

The chairman of the U.S. congressional committee responsible for launching any impeachment efforts said on Monday he is focused on investigating President Donald Trump, signaling that calls by some fellow Democrats for impeaching Trump’s Supreme Court appointee Brett Kavanaugh would have to take a back seat.

[rockon][rofl][laugh2]
 
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Manhattan DA Subpoenas 8 Years Of Trump Tax Returns

Democratic Manhattan D.A. Cyrus R. Vance Jr.

wants to see if Trump's reimbursement of Cohen violated any laws in New York, and whether Trump's accounting firm falsely accounted for the reimbursements as a legal expense. "

Love to see the Bio on the Judge that approved the Subpeona
 

radioman

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I’m watching the Trump New Mexico rally. Live on Fox News as I speak. This never gets old to me. All kinds of patriotism, flags, red white and blue, people chanting USA USA. Any candidate that runs on the love of our country I'm all for. I watched some of the Democratic debates, I didn’t see an American flag anywhere. Trump talks a good game and is so far in my opinion is walking the walk.

Trump-2020!
 

beaker

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beaker

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Because it is the America we know, and largely the America that still exists. The propaganda leftist news, the entertainment industry, and the political left keep pumping misinformation out there telling us that we are all evil and that isnt real. It is surreal.

I’m watching the Trump New Mexico rally. Live on Fox News as I speak. This never gets old to me. All kinds of patriotism, flags, red white and blue, people chanting USA USA. Any candidate that runs on the love of our country I'm all for. I watched some of the Democratic debates, I didn’t see an American flag anywhere. Trump talks a good game and is so far in my opinion is walking the walk.

Trump-2020!
 

mibro

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yep. and until a new supply chain is found...it will be painful. But is having a 100% lock on our materials and commodities source be an enemy of the United States a good long term strategy? A little pain today, may circumvent a LOT of pain in the future...as China takes over half the world militarily! Nip it in the bud.

I KNOW American business can not see beyond the next quarter on the balance sheet, but that is simply because we are IDIOTS here. think 10, 20 years out!
It's not even close to being that simple. Global trade is a genie that is not going back in the bottle.

Trump's trade war with China is about opening Chinese markets to more US products, to level the playing field tariff-wise. Trying to bring commodity product manufacturing back to the US wholesale is mission creep, a fool's errand and bound to fail.

Making shoes, for example, is very difficult to fully automate. There are many consumer product categories that we should not even aspire to being manufactured by Americans, except for expensive niche products. Shoes is one such category. Cheap shoes require cheap labor.

So far the tariffs have been mostly absorbed or mitigated by US companies one way or another but they are going to start showing up in consumer product price inflation pretty soon.
 

drgrant

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It's not even close to being that simple. Global trade is a genie that is not going back in the bottle.

Trump's trade war with China is about opening Chinese markets to more US products, to level the playing field tariff-wise. Trying to bring commodity product manufacturing back to the US wholesale is mission creep, a fool's errand and bound to fail.

Making shoes, for example, is very difficult to fully automate. There are many consumer product categories that we should not even aspire to being manufactured by Americans, except for expensive niche products. Shoes is one such category. Cheap shoes require cheap labor.

So far the tariffs have been mostly absorbed or mitigated by US companies one way or another but they are going to start showing up in consumer product price inflation pretty soon.
This, not to mention "manufacturing stuff like that" domestically and still have it be profitable would mean that you would have to destroy 10 metric tons of regulatory bullshit in the process (minwage, all kinds of taxes and bs on companies and individuals) and that stuff just isn't ever happening. That bell is never getting unrung, whether jingoservatives can admit that to themselves or not is another story....

-Mike
 

Spanz

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Ever since leaving the Trump administration, Sean Spicer apparently has been having trouble getting spokesman gigs....

 

jpk

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Warren: 'Americans Are Killed' by Fossil Fuel and Gun Industries

Funny isn't it, the Democrats claim they can save the ENTIRE planet with the wave of their hand, yet can't solve the homelessness problem in all their cesspool State, City and Towns.
UFB.....

Big Dig
Flint Michigan
Lead in DC public water
Detroit
Chicago
California (broadly) with poop and needles in streets and parks....

But somehow these retards think we should trust them even MORE?
 

10thSFFD

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10thSFFD

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This is what happens when, as always, MASS commies run ahead and start their own BS without checking their facts twice.

[rofl2][rofl2][rofl2]
Ayanna Pressley Wants to Impeach Supreme Court Justice Brett Kavanaugh

Pressley will introduce a resolution Tuesday calling for an impeachment inquiry to begin against the justice, in the wake of a New York Times report that detailed a new allegation of sexual misconduct against Kavanaugh.

“I believe Christine Blasey Ford. I believe Deborah Ramirez. It is our responsibility to collectively affirm the dignity and humanity of survivors,” Pressley said in a statement. “Sexual predators do not deserve a seat on the nation’s highest court and Brett Kavanaugh’s confirmation process set a dangerous precedent. We must demand justice for survivors and hold Kavanaugh accountable for his actions.”
 

SteelShooter

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This is what happens when, as always, MASS commies run ahead and start their own BS without checking their facts twice.

[rofl2][rofl2][rofl2]
Ayanna Pressley Wants to Impeach Supreme Court Justice Brett Kavanaugh

Pressley will introduce a resolution Tuesday calling for an impeachment inquiry to begin against the justice, in the wake of a New York Times report that detailed a new allegation of sexual misconduct against Kavanaugh.

“I believe Christine Blasey Ford. I believe Deborah Ramirez. It is our responsibility to collectively affirm the dignity and humanity of survivors,” Pressley said in a statement. “Sexual predators do not deserve a seat on the nation’s highest court and Brett Kavanaugh’s confirmation process set a dangerous precedent. We must demand justice for survivors and hold Kavanaugh accountable for his actions.”
Unfortunately, it's not funny, it's dangerous. They are intentionally misleading the country. They all know it's not true.
 

beaker

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I think the larger issue with the Tariffs is counteracting the Chinese plan for economic control of the planet using currency manipulation, dirty tactics to steal everyone elses technology, subsidizing Chinese production in targeted areas to force competitors out of the global marketplace, massively unfair and nefarious economic manipulations on one hand while quietly making the world dependent on China. It is a serious threat to western civilization and free societies, which are taking a beating by our local Commies in the Progressive left.

There are no other levers left with the kind of leverage needed to try and change the trajectory.

It's not even close to being that simple. Global trade is a genie that is not going back in the bottle.

Trump's trade war with China is about opening Chinese markets to more US products, to level the playing field tariff-wise. Trying to bring commodity product manufacturing back to the US wholesale is mission creep, a fool's errand and bound to fail.

Making shoes, for example, is very difficult to fully automate. There are many consumer product categories that we should not even aspire to being manufactured by Americans, except for expensive niche products. Shoes is one such category. Cheap shoes require cheap labor.

So far the tariffs have been mostly absorbed or mitigated by US companies one way or another but they are going to start showing up in consumer product price inflation pretty soon.
 

10thSFFD

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Unfortunately, it's not funny, it's dangerous. They are intentionally misleading the country. They all know it's not true.
I do not think they are taken seriously anywhere outside of MA. We, fools of MA, are the only one enjoying this communist utopia. We are living back in the past, 100 years or so.
View: https://youtu.be/Q7PMO85yKZg
 
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