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Cont: The Trump Presidency IX: Nein, Nein!

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Tsukasa Buddha said:
Trump is announcing that he will announce what is expected to be his new China tariffs after markets close. It's just so self-defeating on so many levels.
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God, that just means the markets will take a massive hit the next day.
For somebody who is supposed to be a brilliant businessman, Trump sure is stupid about business basics.
 
ponderingturtle said:
At this point, pretty much none.

My 'theory' (if it could be called that) isn't about the current crop of congress critters. Its about the next crop.
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Why would they be different next time?
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I thought I explained it well enough...

- Incumbents have a natural advantage due to their name recognition (Given the number of people who get re-elected year after year)

- When an incumbent leaves, it allows more chance for a seat to change hands. This could (at least in theory) make candidates put more effort into their message and policies (instead of just "I won last time, people know my name so I don't have to try hard")

- The fact that seats can change hands makes congress more dynamic

What's so hard to understand about that?
 
dudalb said:
Trump is announcing that he will announce what is expected to be his new China tariffs after markets close. It's just so self-defeating on so many levels.
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God, that just means the markets will take a massive hit the next day.
For somebody who is supposed to be a brilliant businessman, Trump sure is stupid about business basics.
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Is your main complaint about the tariffs themselves (which I agree are stupid) or him saying he'll announce them after the end of the business day?

I have no problem with holding off on major policy changes until after the end of the stock market close. It gives companies and analysts more time to consider the effects of whatever changes are made so that the trading day can begin with a full knowledge and understanding of the policy's effects.
 
dudalb said:
True, but it is different with Trump. In that past, it has simply been to keep the president from being bothered with routine stuff so be can concentrate on the most important issues. It's a totally different situation with Trump.
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Exactly. With Trump it's the opposite: just bother him with the unimportant stuff.
 
Segnosaur said:
Is your main complaint about the tariffs themselves (which I agree are stupid) or him saying he'll announce them after the end of the business day?

I have no problem with holding off on major policy changes until after the end of the stock market close. It gives companies and analysts more time to consider the effects of whatever changes are made so that the trading day can begin with a full knowledge and understanding of the policy's effects.
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But the problem is that announcing you are going to announce it after the market closes defeats the purpose, because the markets are going to react to that announcement today anyway. And they did.
 
President Trump on Monday ordered the Justice Department to declassify significant materials from the investigation of Russian interference in the 2016 election, including portions of a secret court order to surveil one of his former campaign advisers and the text messages of several former high-level FBI officials, including former FBI director James B. Comey and deputy director Andrew McCabe.

The White House said in a statement the move came at the request of “a number of committees of Congress, and for reasons of transparency.” Conservative lawmakers critical of the Russia probe had been agitating for the materials to be made public.
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Linky.
 
LSSBB said:
They are functionaries of the Office of President. They are undermining the
leader of that office, and the leader of that office selected them. He should
not have hired people he could not trust, or he should put mechanisms in
place to ensure they do as he asked. It is the same in every office, everywhere.
They are not elected, they do not run for office. Trump is 100% accountable for
his office.
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If I remember correctly, certain men believe that the presidency matters more
than the president, that an individual president might fail but that office must
not fail, because lives, property, and oh, a bunch of other things matter more
than the man.

Of course I don't know any of these people. But I know someone who does,
if you can find him, Barack Obama. Ask him about them, and he will tell you
about them.
 
Segnosaur said:
Is your main complaint about the tariffs themselves (which I agree are stupid) or him saying he'll announce them after the end of the business day?

I have no problem with holding off on major policy changes until after the end of the stock market close. It gives companies and analysts more time to consider the effects of whatever changes are made so that the trading day can begin with a full knowledge and understanding of the policy's effects.
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I think the tariffs are terrible. And no matter what happens, the market will take a big dip because of them.
 
And the actual announcement:

President Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year.
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Linky.
 
The declassification order is interesting in a few fronts. For the most obvious case, the selective declassifying is a Hail Mary from Nunes to find something they can grab onto. Even if there is no smoking gun, by choosing things from early in the investigation they can highlight there is no proof of collusion there and drum up the accusations against the deep state, witch hunt, etc.

But it also puts Sessions in conflict with Trump, because Trump is really just asking him to do this. And the FBI will probably recommend that these things aren't declassified to protect sources and methods. If they don't follow through, Trump will get to declare that Sessions is awful, the Justice Department is corrupt, etc. and probably fire him after midterms.
 
Wonder if Trump is going to go after the Women in the Kavuaaught case in his tweets. His advisors would certainly tell him not to,but knowing Donnie........
 
Segnosaur said:
I have no problem with holding off on major policy changes until after the end of the stock market close. It gives companies and analysts more time to consider the effects of whatever changes are made so that the trading day can begin with a full knowledge and understanding of the policy's effects.
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They won't know how the policy will affect the US market precisely because the US market is closed. What they'll have is an opinion, based on what other markets are doing and formed in the darkest hours of the day on a caffeine crash (if nothing worse).

If the market opens down, the temptation to unwind positions and go liquid can all too easily create a snowball effect, especially when the word "bubble" is on so many lips anyway.
 
dudalb said:
For somebody who is supposed to be a brilliant businessman, Trump sure is stupid about business basics.
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I believe that's what's referred to as an "informed attribute", a trait that we're told someone possesses, but which we never actually see them utilize.
 
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