How many times do these people need to be proven wrong for CNBC to quit with the bullshit? Every fucking time there is something proposed that is remotely good for American industry, these fuckers fly out of the woodworks to declare it’s the worst thing ever and how market and the economy will collapse as a result.
Trump’s idea: protecting the US steel industry is of national security interest. Can anyone rebut that? Yes of course, let’s do a quick rundown on all of the free trade shills who’d love to see nothing more than US steel bankrupted and replaced by Chinese steel.
Here is the latest world ending economic crisis that must be avoided: protecting US steel.
Former Obama trade rep says tariffs will hurt allies more than China.
Here’s an economist who believes the tariffs are just stupid and corrupt. He says they aren’t a national security priority because they hurt Canada and S. Korea. In other words, US steel industry is secondary to the well being of Canada.
Here’s another one declaring the EU would be swift and decisive against these evil tariffs. Towards the latter part of the clip, he went off script and admitted the people in Europe hate the globalist fuckers and are sympathetic to Trump’s policies. He is on suicide alert now.
Here’s an EU-ASEAN business council shill telling the CNBC Europe cuck these evil tariffs might cause trade war to spiral out of control, making prices higher for folks like you and me.
Princeton’s Blinder says free trade is ‘for the greater good’. He also added some bullshit about American cars being shitty until we let Japan steal market share, which made American cars better. What?!
CATO Center shill says Trump isn’t rational. The steel industry is already doing great and is not a national security threat. “This is a day that will go down in infamy.” Yes, he fucking said it.
Larry Kudlow saying a $35-100 hike in auto prices will destroy industry.
Lastly, here’s the former CEO of Nucor saying Larry Kudlow has no idea what he’s talking about. China contributes way more than the reported 2.1% to the US steel market, through trans-imports. He says China is a trade cheater and is pleased with the message being sent here.
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Hahahahahah cnbc Hahahahahahaha
Oooh, I see. So nickel and diming importers here and there via tariffs is bad, very bad, but the FED and other CB’s manipulating markets, interest rates, exchange rates and mispricing assets and labor, in addition to defrauding humanity with their filthy fake (((confetti))), is not an issue whatsoever. Thank you. Got it.
I’m glad you’re finally getting it, sarc. We were starting to lose hope for you.
Regards,
Zion
Less than 10% of US derived steel has anything to do with defense. Nonsensical argument.
You big dummy.
Free trade is better for the nation’s economy than tariffs. That’s waht economoist say, and I have to agree. But… what’s good for a nation sin’t necessarily good for its people. To te top 30%, there is very little downside. However, the middle and lower calss get hit by the decrease in jobs in industries that outsource as well as the overall depression of wages.
Inflation raises prices on everyone. So why does the FED purposelytarget inflation at 2% if they are so concerned about higher prices? That is a 2% annual cut in wages. The reason is obvious: with 2% inflation, asset owners are compensated through appreication of real estate, stocks, commodities, etc. However, wage earners have no such guarantee.
Defaltion can be a threat to an economy. If prices are constantly dropping, people will more likely put of purchaes. However, that only happens in cases of excessive or prolonged defaltion. Excessive deflation is mainly the result of a rebound against excessive inflation.
The steel tariffs are also interesting in the wake of news that Trump was leaning towards Hillary’s position on te Trans-Pacific Partnership. That seems like a difficult thing for him to do while still maintaining his base – it is too difficult to cover his tracks (unlike a tax cut that will inevitable lead to huge budget deficits and a cut in benefits for much of his supporters).
Leaks are bullshit.
If Trump did HRC’s trans deal, I will marry your mother
Regards
Chuck Bennett
It’s not a leak. It’s from Trump’s own mount at Davos.
“If we did a substantially better deal, I would be open to TPP.”
Now given that Trump is an egotist (and he said this at Davos when he was trying to get rich people to like him) and that he is a compulsive liar, then I doubt this will go through either.
In the end, Trump will do what’s best for Trump, nothing more, nothing less. If he can get a trade deal through (+$) without losing base support (-$), then he WILL do it.
Where the fuck does that say he would be open to Shillary’s take on the TPP? You big dummy.
Numbers reeks of frogterdum
“Trump TPP Davos”
If you *still* can’t find the “where” after that, you are beyond hope
Sure.. I love paying more so that steel companies can further automate production. Worked so well for dishwashers.
Just when I thought you could not get more idiotic, you come up with a dishwasher analogy.
@Maven,
we can’t make them drink if their brain and mouth are full of shit
Regards
Chuck Bennet
I know the feeling, Chucky
Dudes.. instead of publicly demonstrating your ignorance .. again.. why not try educating yourselves. I swear it won’t hurt your puny brains. Let me summarize things for you. Steel producers have been replacing workers with automation for decades. A whole plant can now be run with just a handful of people sitting in an air-conditioned tech center. Tariffs won’t increase steelworker jobs more than it will decrease jobs lost due to higher commodity prices. Increased revenues at steel companies will likely go to increasing automation. Upshot is a fewer steelworkers hired and higher prices for manufacturers that use steel as an input and consumers. MAGA! BTW.. either of you ever been to a steel plant? I have.
Q: “instead of publicly demonstrating your ignorance .. again.. why not try educating yourselves”
A: “we can’t make them drink if their brain and mouth are full of shit”