…is an area turned to desert from Other People’s fossil fueled vehicles, you might just be a Warmist
The blog of the day is The Political Hat, with a post on the rise of the urban rat overlords.
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Something tells me she isn’t wearing anything under that.
How soon after he loses the 2020 election will trump resign and Pence pardon him? He will have until 20 Jan 2021 to get ‘er done.
It’s also possible he’ll craft a deal with the SDNY and the feds to allow him to resign earlier. But understanding that the prez is nutz and his lawyers incompetent he may decide to roll the dice.
We’ll never know because even the Demos have realized they can’t win.
It’s also possible he’ll craft a deal with the SDNY and the feds to allow him to resign earlier.
Didn’t we hear all this drivel when the world expectantly awaited Mule Ears’ report?
Why, yes, we did. Talk about recycling the garbage.
One other point.
Turns out the odds of Trump losing are pretty slim.
Both Q-Pac and Black Rock say a large majority of Americans like the way things are going economically, we presume that includes those eeeevvvviiilllll tax cuts, to the tune of 71%.
And Black Rock says 85% say it’s all Trump’s doing.
So the resignation thing goes by the wayside. And the Southern District of NY has had 50 years to get something on him, so the miracle for which you pray (some atheist!) isn’t comin’ round the bend.
Trump enacted tariffs on Chinese imports costing American importers and consumers billions.
China retaliates with tariffs on American items, including agricultural products.
American farmers lose a huge market and are going under.
Taxpayers are now paying American farmers $16 billion to make up for their lost sales to China.
Trump says the $16 billion will come from the imaginary money China is paying us in tariffs.
Actually, we’ll be borrowing the money from China and then paying it back with interest.
Trump is right. He is the King of Debt.
Again, he lies (does he ever stop?).
God, I love this.
The Global Times, which has actually intelligent people writing for it, instead of Lefty hacks,
begs to differ, noting Chinese producers will end up paying three quarters of the costs coming from import tariffs imposed by the United States, while the American economy will see a net gain.
They also say, the nature of Chinese goods being taxed harder will translate into higher costs for China compared to the US. and even more the US government has strategically levied import duties on goods with high import elasticity – high availability of substitutes from elsewhere – which transfers a great share of the tariff burden on to Chinese exporters. The items being affected most by the tariffs are consumer products and intermediate inputs used to produce final goods.
Again, he stumbles over his own tongue.
You poor, poor thing. Hoist by your own petard. Like TEACH, you don’t check your sources do you?
The Global Times is part of the Communist Party of China. LOL.
Global Times
Owner(s)–People’s Daily
Publisher–People’s Daily
Editor–Hu Xijin
Founded–1993, (Chinese edition); 2009, (English Edition)
Political alignment–Communist Party of China
Language–Chinese and English
So are you a communist or just a communist supporter??
So they should be screaming bloody murder over what’s happening, not saying, “The Yanks are creaming us”.
I knew exactly who they were and the fact they were taking a stand contrary to the Kids in the Forbidden City and one backing up Trump fascinated me.
Too bad no one ever taught you about irony.
The Chinese Commies have their own reasons for lying. trump is borrowing money from China to pay farmers for not selling soybeans to China.
Working class Americans are paying more for imports as trump tries to force China to honor Microsoft, Pfizer, GE etc patents. Some things never change. The corporatists always win at the expense of the working class.
“Working class Americans” as you rich guys put it are paying more for imports ONLY FROM CHINA which is the idea behind the tariff, to price up competitors products. So what’s your problem? Do you like having cheap Chinese goods hurting American producers? Right now the Chinese are screaming like stuck pigs (like leftists who lose an election) so we must be doing something right. You are right about corporatists winning at the expense of the working class. But only if they succeed in driving all the jobs overseas due to lower labor costs and regulatory costs.
So what started out as an effort to end Chinese currency manipulation and close our trade deficit has become a fight to force China to respect US corporate intellectual property (patents).
“…(I)t is not “our†intellectual property that Trump and his bipartisan crew of economist cheerleaders are interested in protecting. It is the intellectual property of large corporations like Boeing, GE, Pfizer, and Microsoft. Very few people in the United States are in a position where they have to worry about China using their patents or copyrights without compensation. This is a real concern to many large U.S. corporations. The question is whether it should be a concern to the rest of us.
Most immediately, the concerns of ordinary workers are likely to go in the opposite direction. If companies like Boeing and General Electric don’t have to worry about being forced to transfer technology to Chinese companies when they outsource to China, they will have more incentive to outsource to China. That’s about as straightforward as it gets. Instead of reducing our trade deficit in manufacturing goods, this change is likely to increase it.
Trump’s trade war gives us an insight into the real story. It was not technology that led him to focus his efforts on protecting intellectual property to the neglect of currency issues; it was a political decision made in response to the political power of the most affected groups. And, Boeing, GE, and the rest have far more political power than the workers who labor in their factories or indeed, less-educated workers as a class.
Trump and the political elites more generally are prepared to have a trade war to protect the intellectual property of large U.S. corporations, and indirectly to benefit the more highly paid segment of the labor force. They would not do the same to increase the employment and wage prospects for less-educated workers, the two-thirds of the labor force without a college degree.
Unfortunately, trade policy is not crafted in the national interest, it is crafted with the goal of making the rich richer. This is what Donald Trump’s trade war is all about. And, as is the case with so many other wars, it is about working class people being forced to sacrifice by paying high tariffs to advance the goals of the rich.”
The tariffs are taxes on items imported from China, paid to the US government by US importers and consumers. The goal is to force China to respect corporate patents/copyrights. By the way, our trade deficit with China continues to widen.
US taxpayers have now borrowed $28 billion from China to pay our corporate-owned farms for not being able to sell soybeans to China. Some free market.
It’s not a free market, it’s a global market. Even our own domestic market isn’t free. That’s not to point though, is it? hat’s just a straw man. Trump did not INVENT the trade deficit with China and rather than bitch and moan like a child why don’t you wait and see how it turns out?
What would you have done Elwood? Keep doing the same thing and hoping for a different outcome? Keep allowing the Chinese to steal our intellectual property (which you don’t seem to have much regard for)? The trade imbalance is from decades of one-sided Chinese trade and tariffs and oppressive regulations on US companies not to mention how the labor unions drove out business.
BTW, once the unions drove out the corporations they took over the public sector which of course can’t outsource overseas. So now most local, state and the federal budgets are all in the red with unfunded retirement packages stretching out 200 years. The leftist unions have also ruined America and American labor. But that’s okay, they vote Democrat! They steal from everybody but they vote Democrat.
Sorry, previous from the estimable Dean Baker of the CEPR.
http://cepr.net/blogs/beat-the-press/trump-s-trade-war-with-china-and-our-intellectual-property