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POTUS 45.44: "That's Not Law" said Trump

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Re: POTUS 45.44: "That's Not Law" said Trump

LOL. They're keeping the plants in China because China is their biggest market, so it's easier for them to have plants closer to their customers, especially when the added distance of US plants for Chinese customers also means tariffs.

Youre not Americans making cars for Americans? Then who cares if you're an American taxpaying company.
 
Re: POTUS 45.44: "That's Not Law" said Trump

But of course.

“President Trump placed responsibility for recent stock market declines and this week’s General Motors plant closures and layoffs on the Federal Reserve during an interview Tuesday, shirking any personal responsibility for cracks in the economy.”

Courtesy of WaPo
 
Re: POTUS 45.44: "That's Not Law" said Trump

But, didn't he just say he was tough on Mary Barra and was going to make them keep the plants open?


*Edit* I'm interested in seeing what comes of the Oshawa plant as the union contract stated that layoffs could not happen until 2020. I know contracts are meant to be broken, so it will be interesting how the Canadian Unions put the screws to GM, or if GM will just buy out the final year for the employees, or if they re-tool the plant to produce a different car for one year.

This is one of the many times a Union is good to have.
 
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Re: POTUS 45.44: "That's Not Law" said Trump

Omg

“President Trump blamed Federal Reserve Chairman Jerome Powell for a string of negative economic developments, saying it is a mistake for the agency not to accommodate him more "because I have a gut and my gut tells me more sometimes than anybody else’s brain can ever tell me.”

Like when to file bankruptcy.
 
Re: POTUS 45.44: "That's Not Law" said Trump

So now it is the Feds fault? Why cause they once again didnt raise rates even though everyone and their mother knows they should have? This idiot is going to cause a crash BEFORE a Recession hits that is how stupid he is.
 
Re: POTUS 45.44: "That's Not Law" said Trump

<blockquote class="twitter-tweet" data-cards="hidden" data-lang="en"><p lang="en" dir="ltr">President Trump: "I shouldn't say this. You'll say I'm very conceited, 'cause I'm not. But other than the blond hair, when I was growing up, they said I looked like Elvis." <a href="https://t.co/HRJUZs82zz">https://t.co/HRJUZs82zz</a> <a href="https://t.co/eE93kmiYAW">pic.twitter.com/eE93kmiYAW</a></p>— The Hill (@thehill) <a href="https://twitter.com/thehill/status/1067606755385913344?ref_src=twsrc%5Etfw">November 28, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: POTUS 45.44: "That's Not Law" said Trump

Acid wash!

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The Mueller Witch Hunt is a total disgrace. They are looking at supposedly stolen Crooked Hillary Clinton Emails (even though they don’t want to look at the DNC Server), but have no interest in the Emails that Hillary DELETED & acid washed AFTER getting a Congressional Subpoena!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1067576713859817472?ref_src=twsrc%5Etfw">November 28, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: POTUS 45.44: "That's Not Law" said Trump

I always preferred calling him Rick Sanitarium (I think Rover introduced us to that one), though the Urban Dictionary definition of his last name is pretty priceless.

IIRC the Santorum definition was a MN City Pages contest of sorts, by a gay columnist writer.....
 
Re: POTUS 45.44: "That's Not Law" said Trump

IIRC the Santorum definition was a MN City Pages contest of sorts, by a gay columnist writer.....

Nope. Dan Savage is a syndicated columnist (his column Savage Love was in City Pages but he didnt work for City Pages) out of Seattle though he is originally from Chicago and lived in Madison.
 
Re: POTUS 45.44: "That's Not Law" said Trump

Nope. Dan Savage is a syndicated columnist (his column Savage Love was in City Pages but he didnt work for City Pages) out of Seattle though he is originally from Chicago and lived in Madison.

Ok, thank you for the clarification and info. That was friggin' classic what he did.
 
Re: POTUS 45.44: "That's Not Law" said Trump

Here's a piece on why the market is tanking and why the 'tax cut' is not helping growth. As I mentioned months ago, the problem is with how businesses invest - which Republicans either don't understand or don't care. Businesses invest based on return on investment - not because they have funds - as businesses can always get funds via credit. Businesses don't see a return then they don't hire.

"One reason the Trump tax cuts haven't produced a faster pace of long-term growth is that many companies simply passed the windfall along to shareholders in the form of dividends and stock buybacks. Such capital payouts came in lieu of, say, allocating the money toward new technology, factories or equipment -- investments that likely would have fostered faster economic growth in the future."

Also as discussed, governments do spend and that money goes right into the private sector - private companies and individuals. However, you cut the government - you cut forced spending and the economy shrinks. The article doesn't speak to that. But of course it covers the waste of servicing the debt. Long story short...the economy is in for a rocky path.

https://www.thestreet.com/markets/t...at-as-payments-rise-on-national-debt-14787516
 
Re: POTUS 45.44: "That's Not Law" said Trump

So dumpy wants to coerce a company to do something...

hmmmm.... Sounds like regulation to me. Or a partial government takeover- aka Communism.

Can this guy make up his mind? Does he want companies to do more for the best of what they think or just be the arm of the government?

If it's the latter, the tax break would have been better spent on the lower 90% earners, since it would churn over and over again though the economy, instead of the top 1% where we see 1) companies don't spend it on jobs but dividends and 2) the top 1% saves about 40% of their income- so each payment- roughly 40% of the income never gets used again.
 
"One reason the Trump tax cuts haven't produced a faster pace of long-term growth is that many companies simply passed the windfall along to shareholders in the form of dividends and stock buybacks. Such capital payouts came in lieu of, say, allocating the money toward new technology, factories or equipment -- investments that likely would have fostered faster economic growth in the future."


https://www.thestreet.com/markets/t...at-as-payments-rise-on-national-debt-14787516

As anyone who knew anything was saying at the time would happen.
 
So dumpy wants to coerce a company to do something...

hmmmm.... Sounds like regulation to me. Or a partial government takeover- aka Communism.

Can this guy make up his mind? Does he want companies to do more for the best of what they think or just be the arm of the government?

If it's the latter, the tax break would have been better spent on the lower 90% earners, since it would churn over and over again though the economy, instead of the top 1% where we see 1) companies don't spend it on jobs but dividends and 2) the top 1% saves about 40% of their income- so each payment- roughly 40% of the income never gets used again.
Sure doesn't sound like the free markets these guys supposedly worship.
 
Re: POTUS 45.44: "That's Not Law" said Trump

Here's a piece on why the market is tanking and why the 'tax cut' is not helping growth. As I mentioned months ago, the problem is with how businesses invest - which Republicans either don't understand or don't care. Businesses invest based on return on investment - not because they have funds - as businesses can always get funds via credit. Businesses don't see a return then they don't hire.

"One reason the Trump tax cuts haven't produced a faster pace of long-term growth is that many companies simply passed the windfall along to shareholders in the form of dividends and stock buybacks. Such capital payouts came in lieu of, say, allocating the money toward new technology, factories or equipment -- investments that likely would have fostered faster economic growth in the future."

Also as discussed, governments do spend and that money goes right into the private sector - private companies and individuals. However, you cut the government - you cut forced spending and the economy shrinks. The article doesn't speak to that. But of course it covers the waste of servicing the debt. Long story short...the economy is in for a rocky path.

https://www.thestreet.com/markets/t...at-as-payments-rise-on-national-debt-14787516

Everyone knew that was what was going to happen. Even Republicans. Only the stupid deplorables who voted for Trump thought otherwise.
 
Re: POTUS 45.44: "That's Not Law" said Trump

If you look closely, about half the market is "bear" (down 20% from highs); about 3/4 of the market is in "correction" (down 10% from highs). However, the broader indexes look wonderful ... because a handful of (mainly tech) stocks are up enough to paint over the broader numbers. And this basic review is only looking back about a year*. Now ... is that the Fed diddling the rates knob or is that Trump's tariffs parade**.


*Plainly admit I had a chat with my financials guy yesterday. He had correction/bear numbers; I noted that about five stocks are propping up the broad index numbers; he said more like two dozen.

**It's both, but what are the weighting factors. I'd guess the tariffs are more than the WH wants to admit.
 
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