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#1515114 --- 06/01/18 09:40 AM More winning...
luckyduck Offline
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Registered: 06/15/11
Posts: 403
Loc: NY

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#1515115 --- 06/01/18 09:46 AM Re: More winning... [Re: luckyduck]
Formermac Offline
Silver Member

Registered: 10/22/12
Posts: 10619
Loc: Above ground
yes I'm laughing my ass off due to the fact that Trump and the Republicans called all your links fake news, now tell us son, why is it different today when the policies were already in place 8 years ago. Secondly, with such high output of oil and gas, why are both prices at record highs since Trump came into office? whistle

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#1515116 --- 06/01/18 09:49 AM Re: More winning... [Re: luckyduck]
Formermac Offline
Silver Member

Registered: 10/22/12
Posts: 10619
Loc: Above ground
Being an engineer, I'm a master at spinning numbers ,so aren't millions of rational and smart people not like yourself.

https://hbr.org/2018/02/the-u-s-economy-is-suffering-from-low-demand-higher-wages-would-help

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#1515117 --- 06/01/18 09:51 AM Re: More winning... [Re: luckyduck]
Formermac Offline
Silver Member

Registered: 10/22/12
Posts: 10619
Loc: Above ground
https://newsroom.aaa.com/2018/01/2018-kicks-off-expensive-gas-prices-since-2014/

Now if you so desire, we can discuss each and every citation like adults adverse to this wild dog mentality of "sneak attacks' which manages to lie, tell half truths and mislead, honest individuals can go against a whole gang of you seeing that facts are an excellent partner when rebutting. whistle

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#1515119 --- 06/01/18 11:30 AM Re: More winning... [Re: Formermac]
luckyduck Offline
Member

Registered: 06/15/11
Posts: 403
Loc: NY
Well thank you MacDaddy! You truly honor me with your triple-threat response to my poor humble post.

But truth be told, as a disabled retiree, your opinion of the current economic climate doesn't much count as you are no longer a producer in the this society.

I'm more interested in the opinion of the millions of young people out there, struggling to find a good paying job so that they can pay off their tens of thousands of dollars in student loan debt and/or start building towards a successful future. With the number of jobs growing, along with household income, and employers every day announcing new and inventive ways to attract workers, their future is finally looking bright!

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#1515121 --- 06/01/18 11:59 AM Re: More winning... [Re: luckyduck]
Formermac Offline
Silver Member

Registered: 10/22/12
Posts: 10619
Loc: Above ground
Well thank you son, your sarcasm is worthy to be noted, a trump supporter caught with their ignorance showing and must now use an alternate plan, lies and and whatever it take to confirm your ignorance, thanks for the comeback. grin

In regard to being useful toward society, a vocational training instructor is very available seeing that my educational background is still intact, not to mention the fact that my Son and Nephew will readily admit that on hands training will always exceed the institute of higher learning...fact son!!!!!


Edited by Formermac (06/01/18 12:02 PM)

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#1515122 --- 06/01/18 12:00 PM Re: More winning... [Re: Formermac]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
http://money.cnn.com/2018/05/31/news/economy/aluminum-steel-tariff-impact/index.html

The tariffs on steel and aluminum imposed on imports from Canada, Mexico and Europe — and the promised retaliation from these key US trading partners — will ripple across the American economy.

You could be affected even if your business has nothing to do with rolls of aluminum or slabs of steel.

First, the price of some products that everyone buys will probably go up.

Beyond that, the trade dispute with these major partners isn't likely to stop with these products.

Mexico and the EU have already pledged to retaliate against American products with their own tariffs.

For example when the steel and aluminum tariffs were first announced in March, Europe signaled it was prepared to take action aimed at Harley-Davidson (HOG) motorbikes, bourbon whiskey and Levi's jeans in retaliation. Farmers could also be hit by tariffs imposed on food exports.

Tariffs will probably also hurt the value of your 401(k), since a trade war is typically bad news for American stocks. The Dow was down more than 200 points midday Thursday.






Edited by kyle585 (06/01/18 12:06 PM)
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#1515123 --- 06/01/18 12:05 PM Re: More winning... [Re: kyle585]
Formermac Offline
Silver Member

Registered: 10/22/12
Posts: 10619
Loc: Above ground
The impact is already here, my company note the increases in price of steel conduit, mesh wiring and copper.

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#1515124 --- 06/01/18 12:09 PM Re: More winning... [Re: Formermac]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
Most Republicans oppose Trump on tariffs. Trump is totally ignorant on economics. He has just been extremely lucky so far.

https://www.cbsnews.com/news/paul-ryan-breaks-with-trump-on-tariffs/

Last Updated May 31, 2018 6:39 PM EDT

Speaker of the House Paul Ryan came out in opposition to President Trump's decision to move ahead with tariffs on steel and aluminum imports from the European Union, Canada and Mexico, saying the move "targets America's allies when we should be working with them to address the unfair trading practices of China."
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#1515125 --- 06/01/18 12:13 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
http://www.businessinsider.com/trump-tariffs-trade-war-great-depression-mistake-2018-5

1,100 economists warn that Trump is repeating one of the biggest mistakes of the Great Depression
Bob Bryan
May. 3, 2018, 12:00 PM
More than 1,100 economists, including 14 Nobel laureates, urged President Donald Trump to reverse course on recent trade measures.
The economists drew comparisons between the current tariff measures under Trump and the Smoot-Hawley Act in 1930.
The Smoot-Hawley tariffs helped contribute to the economic hardships of the Great Depression.


Over 1,100 leading economists sent a letter to President Donald Trump urging the president to reverse course on recent trade tactics — lest the US repeat one of the biggest mistakes of the Great Depression.

The letter, organized by the conservative-leaning National Taxpayers Union, warned that recent tariffs and trade protectionism were harmful to the economy. The economists cited a 1930 letter that warned Congress against passing the Smoot-Hawley Act, a large package of tariffs that many studies cite as a major reason for the depth of the Great Depression.

"Congress did not take economists' advice in 1930, and Americans across the country paid the price," the letter says. "The undersigned economists and teachers of economics strongly urge you not to repeat that mistake. Much has changed since 1930 — for example, trade is now significantly more important to our economy — but the fundamental economic principles as explained at the time have not."

The Smoot-Hawley tariffs, much like Trump's measures, were designed as protection for US industries. But they ended up making the situation worse.
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Included on the new letter are 14 Nobel laureates and economists from across the political spectrum, including former chairs of the Council of Economic Advisers under Presidents Barack Obama, George W. Bush, and Bill Clinton.

The letter also quotes the warnings from the 1930 letter, which warns that tariffs raise prices on consumers, damage industries that rely on trade directly or indirectly, hurt the fortunes of American farmers, and lead to retaliatory measures from other countries.

The 1930 letter also painted the tariffs as a threat to national security.

"Finally, we would urge our Government to consider the bitterness which a policy of higher tariffs would inevitably inject into our international relations," the 80-year-old letter read. "A tariff war does not furnish good soil for the growth of world peace."



Edited by kyle585 (06/01/18 12:14 PM)
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515126 --- 06/01/18 12:16 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
https://www.cnbc.com/2018/06/01/trump-ta...m-tax-cuts.html

Trump's tariffs on US allies will shrink the savings Americans gained from tax cuts

The U.S. says it will impose tariffs on steel and aluminum imports from allies such as Canada, Mexico and the European Union.
While the White House acknowledges that these measures will lead to higher prices, the administration argues the effect will be tiny.
But combined with additional tariffs on Chinese imports and retaliatory steps taken by U.S. allies, economists across the political spectrum agree these levies will have a negative impact.

John Harwood | @johnjharwood
Published 6 Hours Ago Updated 31 Mins Ago


Edited by kyle585 (06/01/18 12:19 PM)
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515127 --- 06/01/18 12:19 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
https://www.cnbc.com/2018/06/01/trumps-hostile-metal-tariffs-are-a-gift-to-china-obama-official.html

Trump's hostile metal tariffs on US allies are a 'gift' to China: Obama trade official

Trump's metal tariffs on U.S. allies are a "gift" to China, one Obama-era trade official says.
"The world was aligned with the United States in recognizing China's threat around steel and aluminum," says Robert Holleyman.
Bruce Heyman, a former U.S. ambassador to Canada, calls Trump's tariffs "hostile."

Berkeley Lovelace Jr. | @BerkeleyJr
Published 4 Hours Ago CNBC.com


Edited by kyle585 (06/01/18 12:20 PM)
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515128 --- 06/01/18 12:21 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
A full blown trade war could lead to another Great Depression

https://www.cnbc.com/2018/05/31/canada-announces-retaliatory-tariffs.html

Canada announces retaliatory tariffs on steel and aluminum

Canada will retaliate against new U.S. tariffs by imposing its own trade barriers on U.S. steel, aluminum and other products.
Foreign Minister Chrystia Freeland said Canada plans to slap dollar-for-dollar tariffs on the U.S.

Kevin Breuninger | @KevinWilliamB
Published 23 Hours Ago Updated 17 Hours Ago


Edited by kyle585 (06/01/18 12:21 PM)
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515129 --- 06/01/18 12:27 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
https://www.theatlantic.com/business/archive/2018/03/trump-steel-aluminum-tariffs/554660/

Trump's ‘Smart’ Tariffs Don't Make Economic Sense

The president says they'll protect American jobs and bolster national security. They'll likely do neither.
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515130 --- 06/01/18 12:27 PM Re: More winning... [Re: luckyduck]
luckyduck Offline
Member

Registered: 06/15/11
Posts: 403
Loc: NY
Donald Trump's steel, aluminum tariffs lift low and moderate income families

Peter Navarro Published 4:53 p.m. ET May 31, 2018 | Updated 8:08 p.m. ET May 31, 2018

Striking a strong blow on behalf of working men and women, Donald Trump's policies are bringing jobs to destitute towns like Ashland, Ky., while revitalizing American manufacturing.

https://www.usatoday.com/story/opinion/2...lumn/659254002/

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#1515131 --- 06/01/18 12:28 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
https://www.rollingstone.com/politics/news/trump-tariffs-w520967

The 4 Biggest Consequences of Trump's Disastrous Tariff Plan

For starters, the decision could cripple the U.S. economy


International allies, nonpartisan economists, business leaders and others have roundly condemned the decision. So too have Republican lawmakers like Orrin Hatch, Bob Corker, Ben Sasse and even outgoing House Speaker and reluctant Trump critic Paul Ryan. "I disagree with this decision," Ryan wrote in a statement. "Instead of addressing the real problems in the international trade of these products, today's action targets America's allies when we should be working with them to address the unfair trading practices of countries like China. There are better ways to help American workers and consumers. I intend to keep working with the president on those better options."


Edited by kyle585 (06/01/18 12:30 PM)
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515133 --- 06/01/18 12:34 PM Re: More winning... [Re: kyle585]
kyle585 Offline
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Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
2. Jobs will be lost

The White House has tried to sell the tariffs as a way to increase American steel and aluminum manufacturing, and thus bring more jobs to those industries. But 50 percent of American steel and aluminum imports came from Canada, Mexico and the EU, and manufactures can’t just snap their fingers to make up what is being lost. Experts estimate that hundreds of thousands of jobs will have to be cut in industries that rely on imported steel and aluminum, outnumbering whatever jobs would be gained manufacturing the metals domestically.

Chief executive of the U.S. Chamber of Commerce Tom Donahue wrote a letter to his board of directors on Thursday outlining the damage Trump’s trade policy could do to the economy. If the president ultimately decides to pull out of NAFTA, Donahue estimates as many as 2.6 million jobs could be lost. "The current approach – and the obvious retaliation that will occur in response – poses a serious risk of raising barriers and reducing Americans' access to vital global markets," Donahue wrote according to the Wall Street Journal, which reviewed the memo. "Our businesses will lose customers, workers will lose jobs, and American consumers will lose family income through higher taxes and higher prices."
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515134 --- 06/01/18 12:35 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
4. America's relationship with its allies will tkae another massive hit

Trump's decision to impose tariffs on its allies is such a breach of protocol that the administration had to do it under the guise of national security, meaning the United States has labeled its closest allies a threat. "It is simply ridiculous to view any trade with Canada as a national security threat to the US and we will continue to stand up for Canadian workers & Canadian businesses," Canadian Prime Minster Justin Trudeau tweeted on Thursday. Trudeau also said during a news conference that the tariffs mark "a turning point in the Canada-U.S. relationship."
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515135 --- 06/01/18 12:36 PM Re: More winning... [Re: kyle585]
kyle585 Offline
Gold Member

Registered: 02/18/09
Posts: 19801
Loc: Somewhere out there
3. American exporters will suffer

Canada, Mexico and the EU were none too pleased with the news that the Trump administration decided to lift the tariff exemptions, and they're not taking it lying down. Canada has already announced it will impose up to $12.8 billion in tariffs on American steel, aluminum, whiskey, orange juice and other products. "This is the strongest trade action Canada has taken in the post-war era," said Canadian Minister of Foreign Affairs Chrystia Freeland.
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**** ATTENTION! BAD POLITICIANS ARE ELECTED BY GOOD PEOPLE WHO DON'T VOTE! ****

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#1515136 --- 06/01/18 12:46 PM Re: More winning... [Re: luckyduck]
Formermac Offline
Silver Member

Registered: 10/22/12
Posts: 10619
Loc: Above ground
Originally Posted By: luckyduck
Donald Trump's steel, aluminum tariffs lift low and moderate income families

Peter Navarro Published 4:53 p.m. ET May 31, 2018 | Updated 8:08 p.m. ET May 31, 2018

Striking a strong blow on behalf of working men and women, Donald Trump's policies are bringing jobs to destitute towns like Ashland, Ky., while revitalizing American manufacturing.

https://www.usatoday.com/story/opinion/2...lumn/659254002/


Yet in the same vein, a whole bunch of Sears stores are closing, amounting to thousand of jobs, blame it on technology and online shopping which will be the case for thousands of businesses, you can't compete with a warehouse waiting for it's goods to be shipped adverse to laying dormant on a store shelf. When you tout positives, please acknowledge opposing aspects that you somehow seem to avoid.

http://www.businessinsider.com/sears-kmart-stores-closing-list-2018-4

https://www.theatlantic.com/business/archive/2017/04/retail-meltdown-of-2017/522384/

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