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[zeek]

Sen. Ben Sasse, R-Neb., said the administration's trade war "is cutting the legs out from under farmers and White House's 'plan' is to spend $12 billion on gold crutches." He added, "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again."

[Ohio]

Originally Posted by zeek

Sen. Ben Sasse, R-Neb., said the administration's trade war "is cutting the legs out from under farmers and White House's 'plan' is to spend $12 billion on gold crutches." He added, "This administration's tariffs and bailouts aren't going to make America great again, they're just going to make it 1929 again."

But Sasse ........ we have already heard countless times that Trump has triggered nuclear war, another holocaust, Hitler and the Nazis, murder of all women, death to all immigrant children, destruction of our democracy, yada yada ... and now the next Depression.

CNN, MSNBC, and MSM have lost the ability to alarm us. They cry wolf every day, all day long.

Nobody listens to these nuts anymore.

When will we hold these doomsday quacks accountable?

[zeek]

Originally Posted by Ohio

But Sasse ........ we have already heard countless times that Trump has triggered nuclear war, another holocaust, Hitler and the Nazis, murder of all women, death to all immigrant children, destruction of our democracy, yada yada ... and now the next Depression.

CNN, MSNBC, and MSM have lost the ability to alarm us. They cry wolf every day, all day long.

Nobody listens to these nuts anymore.

When will we hold these doomsday quacks accountable?

...asks the newly converted free speech advocate. Lock em all up! What a joke!

[ZNPaaneah]

China has about 1/5 of the world's population that it needs to feed.

However, it only has 8% of the world's arable land, and 20% of that has been polluted.

The US exports $25 billion in food to China.

Now they can slap tariffs on it, they can buy food from other countries, but both of those solutions merely raise the cost of food, they don't decrease the demand.

Also, if China buys $25 billion in food from someone else we'll simply sell our food to new markets at a higher price.

By comparison Trump is putting tariffs on $200 billion in goods that we import from China. It will be much easier for us to weather their tariffs than for them to weather ours. Electronics and beauty aids could all be manufactured in Vietnam, Indonesia, Philippines, etc. If they don't resolve this quickly we could develop new suppliers. China's economy desperately depends on that $200 billion. Even if this only lasts for six months they'll have tens of millions of people out of work and displaced.

His proposed tariffs would raise $20 billion, much more than what he is proposing to give to the farmers to help them out.

This is a battle that we can and should win.

Trump was elected on a platform to address the inequities in the trade policies, that is what he is doing.

[zeek]

Originally Posted by ZNPaaneah

China has about 1/5 of the world's population that it needs to feed.

However, it only has 8% of the world's arable land, and 20% of that has been polluted.

The US exports $25 billion in food to China.

Now they can slap tariffs on it, they can buy food from other countries, but both of those solutions merely raise the cost of food, they don't decrease the demand.

Also, if China buys $25 billion in food from someone else we'll simply sell our food to new markets at a higher price.

By comparison Trump is putting tariffs on $200 billion in goods that we import from China. It will be much easier for us to weather their tariffs than for them to weather ours. Electronics and beauty aids could all be manufactured in Vietnam, Indonesia, Philippines, etc. If they don't resolve this quickly we could develop new suppliers. China's economy desperately depends on that $200 billion. Even if this only lasts for six months they'll have tens of millions of people out of work and displaced.

His proposed tariffs would raise $20 billion, much more than what he is proposing to give to the farmers to help them out.

This is a battle that we can and should win.

Trump was elected on a platform to address the inequities in the trade policies, that is what he is doing.

It's a good thing the only country Trump is slapping tariffs on is China. Cuz otherwise he might have started a trade War in which no one benefits ultimately. Right?

[ZNPaaneah]

Originally Posted by zeek

It's a good thing the only country Trump is slapping tariffs on is China. Cuz otherwise he might have started a trade War in which no one benefits ultimately. Right?

The issues with the European union, by comparison are minor, and I imagine will be easily resolved. It would be hypocrisy to try and negotiate with them without putting sanctions on China. But, putting sanctions on China threatens an all out worldwide trade war. Everyone knows that would provoke a worldwide recession.

My guess is (my hope) that many of the countries we are negotiating with will quickly offer some concessions so that both countries can walk away with a "win". Meanwhile that gives us even more leverage to turn the screws on China.

Let's be realistic, if Trump can give $12 or 13 billion to the farmers, that will easily cover them for an entire year. Can China really play hard ball that long?

[awareness]

This just in:

He condemned Bill Clinton, saying he disgraced the office. But those principles he now is willing to compromise for Trump. Methinks, if God's is going to pour out wrath, it will be on Franklin ... and Trump :

Franklin Graham warns ‘media spin masters’ to shut up about Trump’s Playmate payoff or face God’s wrath

"The right-wing Christian has defended Trump’s affair with another mistress, porn actress Stormy Daniels, as “nobody’s business” — although he insisted in 1998 that Bill Clinton’s “sins are not private.”"
https://www.rawstory.com/2018/07/fra...ce-gods-wrath/

[Ohio]

Originally Posted by zeek

It's a good thing the only country Trump is slapping tariffs on is China. Cuz otherwise he might have started a trade War in which no one benefits ultimately. Right?

You obviously never studied Economics 101.

The US lost the trade war long ago.

Under Obama, the US treated every other nation as our colonial power. He went around apologizing to them all, and allowed them to rob our country blind.

[ZNPaaneah]

Originally Posted by Ohio

You obviously never studied Economics 101.

The US lost the trade war long ago.

Under Obama, the US treated every other nation as our colonial power. He went around apologizing to them all, and allowed them to rob our country blind.

Did Obama change the trade policies and treaties? If you don't consider the Marshall plan as "robbing our country blind" then it is obvious that at some point we would have to renegotiate these treaties, which is what Trump is doing.

We signed very favorable trade deals with China to encourage them to move from Communist to Capitalist. That was a huge gamble for them and it is only right that we encouraged them.

[Ohio]

Originally Posted by zeek

It's a good thing the only country Trump is slapping tariffs on is China. Cuz otherwise he might have started a trade War in which no one benefits ultimately. Right?

Shortest Trade War in History Over: President Trump and E.U. Come to Agreement

[ZNPaaneah]

Originally Posted by Ohio

Shortest Trade War in History Over: President Trump and E.U. Come to Agreement

The pressure is on China.

[awareness]

Originally Posted by Ohio

Shortest Trade War in History Over: President Trump and E.U. Come to Agreement

So Trump said. But he often gets it wrong ... specially if it makes him look good. Time will tell. Just like his $12 billion farmer welfare promise.

[zeek]

“I’ve spoken to Allen Weisselberg about how to set the whole thing up,” Cohen tells Trump. “So, I’m all over that. And, I spoke to Allen about it.”

Trump really is helping to drain the swamp - the one in his own backyard.

https://www.bloomberg.com/view/artic...a-bigger-catch