I'm curious...

[Pookie]

Only those who think Icahn himself and his allegedly anonymous source are BOTH so incredibly stupid that he could engage in a blatant and not even thinly concealed criminal act of insider trading on a literally massive scale and actually get away with it.

And these really are the only two choices as I see it. This truly is an enormous coincidence, or it is an act of incomprehensible stupidity on a par with a bank robber giving a teller an "empty your cash drawer" note that turns out to be his driver's license.

Or, Donald jumped the gun on the announcement of tariffs. He seemed to catch most everyone else by surprise.

 

[Adre]

Only those who think Icahn himself and his allegedly anonymous source are BOTH so incredibly stupid that he could engage in a blatant and not even thinly concealed criminal act of insider trading on a literally massive scale and actually get away with it.

And these really are the only two choices as I see it. This truly is an enormous coincidence, or it is an act of incomprehensible stupidity on a par with a bank robber giving a teller an "empty your cash drawer" note that turns out to be his driver's license.

He had done no trading in this particular stock for three years. And all of a sudden dumps 31 million worth four days before Wilbur Ross disclosed tariff info. What you term stupidity may also be pure arrogance.

 

[Colonel Hogan]

He had done no trading in this particular stock for three years. And all of a sudden dumps 31 million worth four days before Wilbur Ross disclosed tariff info. What you term stupidity may also be pure arrogance.

Are you saying you don't think "arrogance" on that scale would qualify as stupidity? To my mind it would serve to magnify the meaning of the word to the point of questioning the very sanity of a multi-billionaire smart enough to compile a fortune but willing to throw tens of million dollars of it and possibly his very personal freedom away for spite.

The very idea challenges rational thinking, but not apparently what passes for yours.

 

[Adre]

Are you saying you don't think "arrogance" on that scale would qualify as stupidity? To my mind it would serve to magnify the meaning of the word to the point of questioning the very sanity of a multi-billionaire smart enough to compile a fortune but willing to throw tens of million dollars of it and possibly his very personal freedom away for spite.

The very idea challenges rational thinking, but not apparently what passes for yours.

I’m not willing to spend all of the time it would take to list all of the very smart people who have done really stupid things out of arrogance, greed, spite, or a stiff cock. Obviously you’re placing unlimited faith in what passes for your version of rational thinking.

 

[about_average]

I never said the answer to the economic issues facing the US is for the consumer to stop purchasing goods. It's really easy to put your foot in your mouth when you try to ascribe words to others. You do the foot-in-mouth-thing very well.

And you're really good at moving the goal posts.
I pointed out one thing that the Trump administration said was going to increase in cost because of tarrifs (the topic of this thread). You replied that they shouldn't buy the goods. Then when I call you on it, you claim you're talking about "the economic issues facing the US".
Then turn around and repeat that if tariffs cause prices to increase too much that consumers should quit buying goods.

In a nutshell, what I said was; if something is too expensive because of the Tariffs, then don't buy it.

Your words, not mine. I obviously didn't ascribe anything. You do the foot-in-mouth-thing very well.

More jobs, better wages, better working conditions, lower prices, less reliance on non-domestic goods, lower trade imbalance. It's not that complicated. But then, for someone who sole purpose is to say stupid shit, it might be.

Stupid shit like "the price of goods will be lowered because the cost of materials has gone up and goods are too expensive"?

It will also result in the prices of consumer goods dropping in order to stimulate consumers into buying.

 

[CNYCarol]

We're still making cars.

Yeah, but now half of the cars on the road are " Brought to you by the same people that gave us Pearl Harbor"

 

[WoundedKnee]

Do you remember the hysteria of the economic juggernaut that was Japan, South Korea, and now China? They were going to bury us. Look to Europe and their high tariffs on our automobiles. They know a manufacturing threat when they see it.
Furthermore, when they are paid in US dollars, where in the world can they redeem those dollars, in the long run?

 

[Que]

Do you remember the hysteria of the economic juggernaut that was Japan, South Korea, and now China? They were going to bury us. Look to Europe and their high tariffs on our automobiles. They know a manufacturing threat when they see it.
Furthermore, when they are paid in US dollars, where in the world can they redeem those dollars, in the long run?

anywhere that buys and sells oil

 

[IrezumiKiss]

Yeah, but now half of the cars on the road are " Brought to you by the same people that gave us Pearl Harbor"

You figure the not-same people think this way when they go out for sushi and ramen, or nah?

https://media1.giphy.com/media/QmYosM4PO08FO/giphy.gif

 

[RobDownSouth]

Dark days for glibertarians on the GB here. They really don't like tariffs but refuse to speak ill of Trump because Trump bashes libruls so much.

What's a wingnut to do??

 

[Adre]

Dark days for glibertarians on the GB here. They really don't like tariffs but refuse to speak ill of Trump because Trump bashes libruls so much.

What's a wingnut to do??

They can’t even sputter “but, but, Obama...”

 

[HisArpy]

And you're really good at moving the goal posts.
I pointed out one thing that the Trump administration said was going to increase in cost because of tarrifs (the topic of this thread). You replied that they shouldn't buy the goods. Then when I call you on it, you claim you're talking about "the economic issues facing the US".
Then turn around and repeat that if tariffs cause prices to increase too much that consumers should quit buying goods.Your words, not mine. I obviously didn't ascribe anything. You do the foot-in-mouth-thing very well.
Stupid shit like "the price of goods will be lowered because the cost of materials has gone up and goods are too expensive"?

You do know you're a dumbass don't you? Most people don't expand on the things others say to include things not discussed. But there you go, INSISTING on doing just that in public.

For your elucidation; I said that if A THING is too expensive, don't buy it. How does that conflate to "everything in the consumer market"? Answer; it doesn't. Except in your mind and only then because the peanut you use for a brain isn't powerful enough to actually conceptualize anything.

At some point even you have to admit you're fucking stupid. Everyone else already knows it, so just get it off your chest and admit it too.

 

[lovecraft68]

very true.

Compare Obama's deft handling of the Chinese steel dumping of the past decade with targeted tariffs, vs. Trump's "Tariffs For EVERYONE!" simplistic base pleasing.

The base he's pleasing are people desperate to get back to work in industries that are impossible because importing is so much cheaper. If importing isn't cheaper the jobs come here.

Its that simple. Yes there will pain at first, but it will level out and we'll be producing like we used too back when this country was an industrial leader rather than keeping other countries working

Obama was deft at keeping Americans out of work unless it was at minimum wage jobs, but hey he gave them free phones.

I have the feeling Rob you're coping some fake BS monthly check so when it comes to working and jobs its all a moot point to you.

long as the tariffs don't affect pain killers you should be fine.

 

[Que]

in general I don't like the idea of tariffs on the other hand that's really how tge Federal Government is supposed to be financed. I haven't followed this closely enough to have an informed iea about what he's up to but near as I can understand it this has nothing to do with steel and aluminum and everything to do with getting NAFTA renegotiated.

It is absolutely hilarious to see all of the economic Geniuses on the left who Now understand that these cost will be born by the consumer but yet can't fathom why tax increases or the lack of a tax cut would be born by consumers.

it's hilarious also to see the pro union job Democrats who have completely abandoned The Working Man that they still give lip service to being opposed to this. This is typical liberal idea of New York liberal Trump.


In this election year at this idea had been put forward by Schumer and they had reluctantly drug a few Republicans along for some sort of a trade Bill and Trump had reluctantly signed it Schumer would be crowing about this.

 

[Taint_mAnn]

I find it positively hilarious that queefy thinks anyone would take anything he says seriously.

 

[RobDownSouth]

The base he's pleasing are people desperate to get back to work in industries that are impossible because importing is so much cheaper. If importing isn't cheaper the jobs come here.

Its that simple. Yes there will pain at first, but it will level out and we'll be producing like we used too back when this country was an industrial leader rather than keeping other countries working

Obama was deft at keeping Americans out of work unless it was at minimum wage jobs, but hey he gave them free phones.

I have the feeling Rob you're coping some fake BS monthly check so when it comes to working and jobs its all a moot point to you.

long as the tariffs don't affect pain killers you should be fine.

The Industrial Age has passed in America and no amount of tariffs and/or longing for the bygone days of "Leave It To Beaver" (where June stayed home and vacuumed wearing her pearls) will ever bring it back.

There is simply no way over the long haul America can compete on price with foreign steel. To presume otherwise is folly.

We've entered the Information age and the window of opportunity for the lightly educated workforce (aka the "Trump base") has decreased significantly. Those unwilling or unable to change with the times will be Left Behind. Shaking your little pink fist and bleating "mah daddy mined coal, I has a right to mine coal" doesn't matter in the large scheme of things.

The only thing a general tariff will do right now is trigger targeted trade wars. The EU has already targeted Trump's base, proposing yuuuuge retaliatory tariffs on good-ole-made-in-the-Heartland Harley Davisons and any and all Kentucky bourbon. They plan on hitting Trump where he will hurt: in his base. And don't insult us by pretending American Industry can survive without exporting goods.

Trump's tariff policy is an excellent recipe for recession.

 

[jaF0]

Trump's tariff policy is an excellent recipe for recession.

And led to ... http://forum.literotica.com/showpost.php?p=88819654&postcount=35

 

[RobDownSouth]

I’m curious too. Who here thinks Icahn was tipped off about the tariff so that he could make millions by dumping some related stocks?

The reason Icahn is so rich is because he is an expert at timing the market.
Just like AJ.

As you may recall, AJ has called the last 11 consecutive stock market corrections. Granted, he's told us he called them generally 3 or 4 months after they occured, but still this prowess has allowed him to retire wealthy in his early 60s.

He does seasonal work unloading Christmas trucks at Walmart solely for the exercise.

 

[WoundedKnee]

I listen to the national news and they talk about steel mills coming back on line or firing up idled blast furnaces bring good jobs to the deplorables who voted for Trump. In local news our aluminum plants are doing the same thing bringing jobs back to this region.

 

[RocketLauncher]

Originally Posted by RobDownSouth View Post

Trump's tariff policy is an excellent recipe for recession.

I agree tariffs are an excellent idea.

 

[RobDownSouth]

Gotta admire the EU's almost surgical precision in retaliation here.

Take peanuts, for example.

The state of Georgia is the nation's #1 peanut producer.
It is also a deeply purple state:
The northern half is educated, cosmopolitan and votes strongly Democrat.
The southern half is less educated, rural and a bastion of Trump voters.
The southern half is also where virtually all of Georgia's peanuts are grown.

The EU has served notice that it will enact a punative tariff on peanuts from the USA, a direct kick-to-the-nuts (pun intended) to Trump supporters in Georgia.

It's even worse in Alabama, the whole state loves Trump and the whole state grows peanuts.

The federal government will have to kick in MAJOR price supports on peanuts if the EU cripples US exports.

Peanut farmers will not be able to afford their tricked out Ford F-250s if peanut tariffs are enacted.

The net effect is the taxpayer will get soaked. But as AJ is so fond of saying, at least Trump is "DOING SOMETHING"!

 

[Adre]

Most agree that millions will be penalized in order to prop up about 140,000 jobs in a shrinking industry. More patriot math, eh?

 

[albertaboy]

The tariffs allow the production side of the equation in the US to benefit by re-opening plants that produce products at prices higher than the existing market can bear and force the consumer side of the equation to pay more for products produced from the protected commodities. In other words those on the production side of the equation are few, those on the consumer side are the many who will be punished by higher prices that benefit the protected economic activity of the few. In short tariffs subsidize industries that cannot otherwise compete, but at a cost few like to talk about.

What he said