Trump to impose tariff on steel and aluminium, geaux Trump!

proof of the pudding has been his 5 bankruptcies, and that's not even counting the fact that the USFL had folded

 

first indication that Traitor Trump is not happy w how the trade war is trending, the wrong way

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2nd indication

on the next day during an interview w Joe Kernan of CNBC

" the stock market has gone up 40% since the election. it would have been higher, perhaps up 80%,
if i didn't do this (start a tariff war)

https://www.cnbc.com/video/2018/07/...ve-interview-with-president-donald-trump.html
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these indications ease / pave the way for him to call off the tariff and declare victory

 

A character trait of trump... if he fails (and he usually fails), he never accepts blame or responsibility, and blames others...

Trump Lines Up Powell as Scapegoat If Tax, Trade Moves Sour

https://www.bloomberg.com/news/arti...ell-as-fall-guy-if-tax-trade-policies-go-bust

 

Two face Trump is common.

https://www.theguardian.com/busines...-federal-reserve-false-economy-interest-rates

The Republican presidential nominee, Donald Trump, who has previously accused the Federal Reserve of keeping interest rates low to help Barack Obama, said on Monday that the US central bank had created a “false economy” and that interest rates should change

“They’re keeping the rates down so that everything else doesn’t go down,” Trump said in response to a reporter’s request to address a potential rate hike by the Federal Reserve in September. “We have a very false economy,” he said.

“At some point the rates are going to have to change,” Trump, who was campaigning in Ohio on Monday, added. “The only thing that is strong is the artificial stock market.”

His remarks did not sit well with Clinton. While speaking to reporters on her campaign plane, Clinton implied that Trump’s comments show he is not ready to be president.

“You should not be commenting on Fed actions when you are either running for president or you are president,” she said. “Words have consequences. Words move markets. Words can be misinterpreted.”
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p.s. I listened to an interview with Powell on NPR. He is doing his best to not have an opinion on admin policy and do his job (although I can see that he disagree with the trade wars, but agree with the tax cuts). As usual, many in government positions continue to act professional. You may disagree with them, but you can respect their professionalism. Trump is just horrible.

 

Not going to make a new thread, just needed to point out that Trump is a stupid piece of ****.

 

ur under-stating it !

 

They shouldn't do what he wants. The Fed still hasn't fully tapered down the hundreds of billions they pumped into the global economy through qe and the meager raises in interest rates are signals that the economy is strong enough for phase two.

QE was already a cheat in response to the lack of tools the fed has at it's disposal (non-zero interest rates being one of them).

He can scream and scream about the employment mandate, which by his accounts are great great great and best evar.

If you're a fan of recent history, the hike would be some small measure of recognizing the Greenspan era not stopping the excesses and micro bubbles that occurred under his watch.

 

You have 4% unemployment and you just passed the largest tax cut in history resulting the largest deficit in American history while also starting a trade war.

You bet interest rates are going up.

 

Costs Are Crashing the Party for Manufacturers
Earnings reports from firms like 3M and Whirlpool will show how much damage tariffs and higher wages can do amid strong economic growth

https://www.wsj.com/articles/costs-are-crashing-the-party-for-manufacturers-1532257200

 

Traitor Trump's two-step

• late 2017,
  • Trump had crucified the then-Fed Chair, Janet Yellen, for keeping the US dollar low relative to the Chinese currency. After China had granted trademarks the Trump and his daughter,Trump claimed that Xi had assured him that China is not manipulating the currency.
    
    • effectively, the dotard had called for a strong dollar, when he nominated a Hawkish (for a strong dollar) Fed Chair,Powell, to replace the dovish Yellen

    ​

• now, 2 weeks into the official trade war w China

​

 

trump speaking at his Made in America showcase, continued to spew lies...

https://www.cbsnews.com/news/major-u-s-steel-expansion-touted-by-trump-not-happening/

 

That settles that. 3M and Whirlpool are unpatriotic.

 

I can remember when "bail-outs" were considered bad... I know farmers are being hurt by trump's insane tariffs, but conservatives called President Obama's auto bailout a "power grab" and republicans like ted cruz thought large banks should fail instead of getting bailed out. Of course, this wouldn't be trump's first bailout...

 

More welfare for the biggest welfare queens in the country.

 

meh, I'd rather have my tax dollars go to farmers than starve to death during a food shortage.