Trump got his ass kicked today.
- Thread starter Circlejoe
- Start date
Hey, where’s @bailey777 crowing about the market today? This is his time.
Last edited:
So lot of Americans can get ****ed for the next 3 years while we wait out the chaos? Does that contsitute our current strategy as a nation?
Also, saying we'll have favorable trades deals "thanks to Trump" is (since you like analogies) like saying that your neighbor's dog shitting in your yard is favorable b/c of the green patches. The dog is still shitting in your yard. And you neighbor knows you don't have the ability to do shit about it.
We gave up our manufacturing base and captured the profits. What did we reinvest them in? Product design? Cool. Where are those products built?
Now, how does that REALISTICALLY ever come back to the US. Even highend assembly like iPhones or computers?
The WSJ had an article about this issue a month or so ago. Manufacturing would have be dealt with legislatively-with incentives, and would ironically look a lot like the CHIPS Act (not my words--the author of the article)
It’s just too late. This attack if we were going to do it needed to happen decades ago
Bad for China. They have to import a lot. Will also cause investors to flee China for the US. The goal is to break China. Always has been.
And people don’t want to do those jobs. They’d rather drive doordash.
Then why was Trump complaining about Xi manipulating his currency downward just last month, as linked above?
China is a net exporter by a significant amount. 1/2 of what they import from the US can easily be obtained from elsewhere. They are manipulating the downward value of the yuan to offset tariffs and be more attractive to other markets--like the EU.
Well the coal miners apparently love working in the coal mines--so we were told......geesh.
Chips act grants are loaded with DEI requirements which is why the roll-out has been so sluggish. We need to clean that up and not include it with future incentives. DEI requirements anre also a problem with the infrastructure, car charging, and rural internet grants.
? Downward manipulation is good for exporting and makes imports more expensive.
So then, what are we doing? Like, how does this whole thing benefit anybody other than....
Cool. We're saving Eurpore again, again, again. Sooooooooo America First!
I do think that’s a little different. Areas where just nothing is cooking. We’ve done some work at factories in rural Missouri where they aren’t doing doordash. It’s really that factory or nothing. There’s an outfit that does promo type shit in the old Rawlings plant down in licking mo. The old birds there are grateful for that work. Not many other options
So you don’t like the law passed by Congress and signed into law by the President and your response is for the new President to unilaterally upend it?
If we are going to change our national economy back to manufacturing, that should be through a law passed by Congress. If we are going to risk trade wars, that should be done through Congress.
Just as with Biden’s student loan forgiveness, Trump is inappropriately using the IEEA to advance his vision. Even if you support his ends, the means are illegitimate. There is no emergency right now in trade with all these nations.
By march of this year, there were 36 bil in federal subsidies that were granted under the CHIPS act. Samsung, Intel, Micron and Taiwan Semiconductor Manufacturing Company. TSMC already committed to building 3 plants in Arizona. The minute Trump got into office he set about trying to demolish the Act and replace the incentives with tariffs. Hmmm. It may not be the perfect act, but without, there would not have been another fabrication facility built in America
For sure I agree. I said "want to work in a coal mine". Hard to argue that half of West Virginia might be all they can do except work on at the diner
One of Biden’s several DEI EO’s had to do with federal grant and contract requirements. Trump cancelled those. I haven't looked to see if DEI is embedded in the chips statute, comes by way of regulation, or both.
And I'm fine with and support ending those EO's as long as the legal procedures are followed.
So if all these countries lower their tariffs as it has been reported then who won?
Wait, so Trump can be persuaded? I thought he never listened to anyone?
Whitmer about to be public enemy number one of the TDS crowd. She just cost herself any chance in 2028.
What about our 'democracy' is unstable?
We elected Trump when he promised to implement stuff tariffs, no? Is it now undemocratic to do so?
If door dash drivers knew they could get a $30/hour manufacturing job, they'd jump at it.
Most of those drivers are doing it as a second job.
$30 an hour would put every single business in my industry out of business. It would raise prices 5-10x. Maybe 20x more
I don’t think people realize the difference. Factory workers in some of these countries make a $1.50 an hour. No benes. Nothin. Think of that compared to now $30 an hour here under your post
The fact that people can’t grasp this blows me away. We have a free market economy. If it makes business sense to manufacture a product here, someone can do just that. As I’ve said before, we get t shirts from Bangladesh for a reason.
We just can’t compare and people don’t realize it. At our factory they get about $2 an hour and most of the workers are as needed. Big order rush. Go get some more workers. No work send em home. It just doesn’t even remotely translate to here
i have a Stone Roses t-shirt that was made in Vietnam. There ain't one soul living in Vietnam who knows who the Stone Roses are, but they helped me get the shirt for $20.00 instead of $38.......And the t-shirt is totally killer too. I walk outside in the neighborhood with that t-shirt on, and it is like a man walking a puppy in the park "Oh my GOD where did you get that Stone Roses Shirt. That looks soo amazing".
Actually, that last part never happened. But I would like it to happen. I do have a Stone Roses shirt from Vietnam though--and I did pay $20.00.
Which is the irony of canceling the CHIPS Act. Manufacturing high tech items is exactly the type of manufacturing we should be doing here. Not to mention the national security aspect.
Bessent clearly talked him down. You’d think the people who constantly proclaim Trump is surrounded by sniveling sycophants would recognize that and admit they were wrong.
But no, still sycophants, somehow.
Everyone that’s attacked Bessent should hope to god he stays in place because Trump’s old NYC party buddy Lutnick seems to share the same love of tariffs as Trump and there’s no telling what the two of them might get up to together.
