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Cont: The Trump Presidency IX: Nein, Nein!

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phiwum said:
That North Korea has agreed to inspections is good. It doesn't mean they're totally above board, but it's good. This is something that didn't happen pre-Trump.

Let's see what happens hereafter. This might be a positive development attributable to Trump. We should wait and see.
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"subject to final negotiations"

We'll see.

NK has made one or two promises in the past.
 
Segnosaur said:
Oh, wait, we had that. The Trans Pacific Partnership. Which the Trump administration withdrew from. Good move Trump. Withdraw from the TPP (making yourself more reliant on China than you need to be) then start a major trade dispute with the country you rely on.

https://en.wikipedia.org/wiki/Trans-Pacific_Partnership
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Ehhh, the TPP was a pretty crappy deal. It was never just a trade compact. Among other things, it would have enshrined a great deal of corporate sovereignty, and it started the modern trend of trying to hide the details of legislation from the people who are supposed to vote on it until it's too late to properly digest it.
 
phiwum said:
Sure, but it's possible that this has a long term positive effect for the US. I doubt it, but there is some leverage here.

A large part of the Chinese economy depends on selling to the US. Failure to do so hurts US consumers in the short term, but might force better deals with China.

I am not a Trump supporter, by any stretch. But there is an asymmetry here which might work in his favor. Already, China is running out of goods to tariff.
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Or they could start selling dollars.
 
Segnosaur said:
The problem is that taxes on products probably impact those with lower incomes
(who have to spend their money on necessities that get taxed) more than those
with higher incomes (who probably spend more of their money on stocks and
other investment vehicles).

So, your 'tariff to tackle the debt' becomes a regressive tax.
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Definitely. The rich never worry about the increasing national debt or the
deleveraging that occurs when the sovereign debt bubble pops. They simply
move to another nation while the poor deal with the problems.

Greece and Venezuela show the problems with too much debt.

After the Great Recession of 2008, Greece saved the banks with a huge bailout,
creditors took a 50% hair cut, but insisted on austerity measures that shrank
the economy and made repayment almost impossible. Both the poor and the
middle class got crushed, high unemployment still, people resort to bater at
times, farmers sell the produce directly off the truck.

Venezuela, on the other hand, has the power of the printing press. They have
an official debt that does not look too bad, but they have quite substantial secret
off the books debts. There they have massive inflation and again the poor and
the middle class get crushed by it, but at least they still have some money.


Hopefully, the Democrats will win back the house this year and maybe
the senate. Then there will be more adults in the room and the possibility
of controlling spending and raising taxes again. Otherwise we will have to
live with "The Deep State" and the possibility of it becoming even deeper,
even darker.

Of course, I don't expect Trump will do an all around Tariff, but he does
have the advantage of being chaotic.

I remember he wanted the Federal Reserve to print more money. Obviously,
they didn't want to do that as it will wind up hurting the banks. But if he gets
his way, then we could see 20% or 30% inflation with a powerfully chained CPI
that stays around 10% to 15% that will keep government spending down and
reduce payments to creditors as well. A decade or two of that will fix the problem.
 
Aridas said:
That's beside the point that the return of the remains of our dead from how many years ago is something that I consider to be a minor side-note that doesn't require the DPRK to actually stop doing any of the lots of stuff that we actually really don't want them to be doing.
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And it's amazing how Mr. "Art of the Deal" doesn't seem to notice that he's falling for a classic move: let the chump win some small concession while screwing him on the larger prize. Trump gets a tweet out of it, while NK gets breathing room, and the support of a President who is known to argue with his own advisors when they tell him he's making a mistake.
 
Solitaire said:
Definitely. The rich never worry about the increasing national debt or the
deleveraging that occurs when the sovereign debt bubble pops. They simply
move to another nation while the poor deal with the problems.

Greece and Venezuela show the problems with too much debt.

After the Great Recession of 2008, Greece saved the banks with a huge bailout,
creditors took a 50% hair cut, but insisted on austerity measures that shrank
the economy and made repayment almost impossible. Both the poor and the
middle class got crushed, high unemployment still, people resort to bater at
times, farmers sell the produce directly off the truck.

Venezuela, on the other hand, has the power of the printing press. They have
an official debt that does not look too bad, but they have quite substantial secret
off the books debts. There they have massive inflation and again the poor and
the middle class get crushed by it, but at least they still have some money.


Hopefully, the Democrats will win back the house this year and maybe
the senate. Then there will be more adults in the room and the possibility
of controlling spending and raising taxes again. Otherwise we will have to
live with "The Deep State" and the possibility of it becoming even deeper,
even darker.

Of course, I don't expect Trump will do an all around Tariff, but he does
have the advantage of being chaotic.

I remember he wanted the Federal Reserve to print more money. Obviously,
they didn't want to do that as it will wind up hurting the banks. But if he gets
his way, then we could see 20% or 30% inflation with a powerfully chained CPI
that stays around 10% to 15% that will keep government spending down and
reduce payments to creditors as well. A decade or two of that will fix the problem.
Click to expand...

anybody who think a POTUS being Chaotic is a good thing is living in their own little reality.
 
Trump tweets

"“The recovery got started on Election Day 2016. It took Trump’s Tax Cuts and Regulation Cuts to get the economy booming. Before that it was the worst and slowest economic recovery since the Great Depression. It took just 6 months for Trump to get to 3%, even though they said....."

"....it was impossible - and then already it’s over 4%, and I expect it’s going to grow faster and faster. We’re just getting started here.” Peter Ferrara, former advisor to President Reagan. @foxandfriends"


"North Korea recommits to denuclearization - we’ve come a long way.”
 
TheSupermeerkat said:
Gasp! Has the Dear Leader admitted to weakness?

[blockquote] Trump suggested he had a personal blind spot when it came to nominating Sessions as the nation’s top law enforcement officer.

“I’m so sad over Jeff Sessions because he came to me. He was the first Senator that endorsed me. And he wanted to be Attorney General, and I didn’t see it,” he said.
[/blockquote]

https://thehill.com/hilltv/rising/4...trump-eviscerates-sessions-i-have-no-attorney

I thought he was worlds greatest judge of character.
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I almost feel sad for Jeff Sessions. Trump obviously can't make himself fire Sessions (at least for now), so he's resorting to this kind of juvenile bullying in an attempt to force his resignation. Of course he has only himself to blame working with Trump.
 
Trump has told the Spanish to build a wall across the Sahara to keep immigrants out.

Such a wall would have to be 3000 miles long, and built entirely on non-Spanish territory. "Excuse me, Algeria, I hope you don't mind, but we're going to build a wall across your country". At least Trump's wall on the Mexico border would be on USA territory if it were ever to be built.
 
MikeG said:
Trump has told the Spanish to build a wall across the Sahara to keep immigrants out.

Such a wall would have to be 3000 miles long, and built entirely on non-Spanish territory. "Excuse me, Algeria, I hope you don't mind, but we're going to build a wall across your country". At least Trump's wall on the Mexico border would be on USA territory if it were ever to be built.
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If it were April 1st I wouldn't believe that story. However ...
 
MikeG said:
Trump has told the Spanish to build a wall across the Sahara to keep immigrants out.

Such a wall would have to be 3000 miles long, and built entirely on non-Spanish territory. "Excuse me, Algeria, I hope you don't mind, but we're going to build a wall across your country". At least Trump's wall on the Mexico border would be on USA territory if it were ever to be built.
Click to expand...

MOst ignorant man ever to hold the Presidency. No Contest.
 
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