foregoneconclusion
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The Trump administration tries to claim everything is an emergency or national security related. But they never like to provide any evidence of either claim.
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blastdoor said: Take the Inflation Reduction Act as an example. That is the name of the act, and there are things in it that might eventually reduce inflation (maybe), but there was no way it was going to reduce the inflation that existed at the…
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mpantone said: The rare earth mining element issue isn't China's only card in this trade war. They also hold about $770 billion in US Treasury bonds. That's a more dire concern for the US government. If China (or other countries) decide to dump …
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9secondkox2 said: I also added late that The USA has indeed been getting ripped in world trade forever now and that it's about time someone stands up to global bullies. The fact is Trump is very easy to read and to predict when you realize that …
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radarthekat said: Meanwhile, in more advanced economies those offshored jobs are replaced with better, higher-paying jobs in STEM, engaged in R&D, engineering, product management, creative design, and entrepreneurial pursuits that create who…
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Afarstar said: Big congrats to Tim Cook for his quiet and thorough diplomacy. All the Cook naysayers should hang their heads in shame. Cook wasn't practicing diplomacy. He was paying a bribe.
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This is additional proof that Trump's claim of an "economic emergency" that gives him the power to levy tariffs through the IEEPA has no basis in reality. Add to that the fact that the IEEPA was intended by Congress to give the executive branch the …
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For anyone interested in facts about the current U.S. debt level, here are the primary drivers of that debt... A. The George W. Bush administration ending the Bill Clinton tax surplus that was being used to pay down the debt. B. The George W. Bush …
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DAalseth said: mike_galloway said: When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually. The bond markets are the real king here and will …
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mike_galloway said: "When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually. The bond markets are the real king here and will determine the outcome of …
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retrogusto said: If left in place, the tariffs would cause very sharp increases in all kinds of things, and it would be hard to blame it on anything other than the tariffs. One of the explanations that the Trump administration is currently t…
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So many misconceptions about manufacturing in the United States. FYI: the manufacturing output of the United States has more than doubled since the 1980s. But there are 1/3 as many jobs in manufacturing as there were in the 1980s. Why? Automation. T…
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Trump claimed that the renegotiated trade deals with China, Mexico and Canada in his 1st term were great and historic. Then he declared that trade with China, Mexico and Canada was a national economic emergency in his 2nd term. It's all complete non…
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9secondkox2 said: Then when September hits and things have cooled a bit Things are definitely going to "cool off" when the obviously unconstitutional use of the IEEPA is ruled unconstitutional.
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This is all illegal and unconstitutional. The IEEPA is intended to be used for sanctions against foreign governments. It make no mention of tariffs or taxes. "Under art. 1, § 8 of the Constitution, Congress has sole authority to control tariffs, w…
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bloggerblog said: cogitodexter said: This is lunacy. And people used to complain about Biden being senile... These are the presidential choices we're getting nowadays, senile vs lunatic. Take your pick! Sorry...the supposedly "…
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Cool_Bananas said: We want that debt to go down, so this is the way to do it. No, the way to make the debt "go down" would have been to continue the tax surplus that existed in Bill Clinton's final term in office. There was a bipartisan agree…
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Sorry Trump, the IEEPA doesn't really give you the authority to levy tariffs. https://abc13.com/post/businesses-conservative-lawyers-planning-legal-challenge-trumps-tariffs/16139325/ "But the IEEPA -- which specifically cites the power to impose s…
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This sounds like a complete flim-flam.
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Trump doesn't really have the power to levy tariffs. His "economic emergency" declaration per the IEEPA is completely bogus. He used trade agreements negotiated with China, Mexico/Canada by his own administration in his first term as the excuse for …