President Trump

[Irvinecommuter]

China has been dumping steel for 20+ years now.  It's not a new phenomena.

Clearly, the most reasonable thing to do after the horse has left the barn is to close the door, burn the barn down, and salt the fields.

I'm sure to you it sounds esoteric to talk about the Chinese dumping steel.  It doesn't seem like something that would affect us.  But my dad was in the steel industry for 35 years and many in the industry have struggled to stay afloat because China is engaging in anti-competitive behavior.  The only thing keeping the American steel industry afloat is that China's quality is garbage, so it can't be relied upon in important applications.  Still, the fact that they sell for less than cost affects the entire global steel industry.

And the US putting tariffs on steel will only make the situation worse  because you are putting tariffs on all steel...thus isolating the US even more.  Other countries will also put tariffs on US steel and how will that help the US steel industry?

Manufacturers will now pull their plants outside of the US because the rest of the world buys things too and their raw material just jumped up 20% if they stay in the US.

Seriously, come into the 21st century.

 

[fortune11]

This is not a partisan issue at all  ?- It?s actually the signaling effect it sends to the world

Most of our imports in metals steel aluminum don?t even come from China . It is Canada that gets targeted . Now what happens to NAFTA ?

I am getting a bit concerned here with this UCI wacko/radical Navarro having such close access to trump now

For all his other faults , trump has had decent advisors to date . Navarro is a clear break from that

 

[Irvinecommuter]

This is not a partisan issue at all  ?- It?s actually the signaling effect it sends to the world

Most of our imports in metals steel aluminum don?t even come from China . It is Canada that gets targeted . Now what happens to NAFTA ?

I am getting a bit concerned here with this UCI wacko/radical Navarro having such close access to trump now

For all his other faults , trump has had decent advisors to date . Navarro is a clear break from that

He has fired or lost many of the advisors.  McMaster is leaving pretty soon.

 

[fortune11]

This is not a partisan issue at all  ?- It?s actually the signaling effect it sends to the world

Most of our imports in metals steel aluminum don?t even come from China . It is Canada that gets targeted . Now what happens to NAFTA ?

I am getting a bit concerned here with this UCI wacko/radical Navarro having such close access to trump now

For all his other faults , trump has had decent advisors to date . Navarro is a clear break from that

He has fired or lost many of the advisors.  McMaster is leaving pretty soon.

Fair point ? I meant on the trade/economic front

Point is , I havent been as concerned about the global financial markets until now ? need to think about this some more ..

 

[fortune11]

Well I believe her for one ... wouldn?t be sitting in the White House otherwise !

Melania Trump got green card through program for people with 'extraordinary ability': report

http://thehill.com/homenews/administration/376207-melania-trump-got-us-visa-through-program-for-people-with?amp&__twitter_impression=true

 

[Kings]

Well I believe her for one ... wouldn?t be sitting in the White House otherwise !

Melania Trump got green card through program for people with 'extraordinary ability': report

http://thehill.com/homenews/administration/376207-melania-trump-got-us-visa-through-program-for-people-with?amp&__twitter_impression=true

Just another story trying to undermine the President that turns out to be in support of merit-based immigration.

 

[fortune11]

What a complete and utter moron



Trump doubles down: 'Trade wars are good, and easy to win'
"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win," Trump tweets.
Trump announced Thursday that he will impose 25 percent tariff on steel and a 10 percent tariff on aluminum as early as next week.


And please spare the pavlovian knee-jerk reaction , trump defenders --  this is not good for anyone, regardless of your partisan view . 

This is the kind of stuff which triggers big market corrections (and possibly even recessions) -- do NOT view this through a partisan lens for the sake of your own wallet.  The experience of early 2000s (when Bush did it and what followed) is very instructive

Navarro is the one advisor which may cause some serious damage (others were relatively harmless in comparison).

 

[Irvinecommuter]

Birds of a feather...

A prominent Kremlin-linked Russian politician has methodically cultivated ties with leaders of the National Rifle Association, and documented efforts in real time over six years to leverage those connections and gain access deeper into American politics, NPR has learned.

Russian politician Alexander Torshin claimed his ties to the National Rifle Association provided him access to Donald Trump ? and the opportunity to serve as a foreign election observer in the United States during the 2012 election.

Torshin is a prolific Twitter user, logging nearly 150,000 tweets, mostly in Russian, since his account was created in 2011. Previously obscured by language and by sheer volume of tweets, Torshin has written numerous times about his connections with the NRA, of which he's a known paid lifetime member. NPR has translated a selection of those posts that document Torshin's relationship to the group.

https://www.npr.org/2018/03/01/5900...-politicians-cultivation-of-nra-ties-revealed

 

[Liar Loan]

Seriously, come into the 21st century.

I'm trying but you never answered my question.  What is the 21st century solution to Chinese dumping?

No more deflection and trying to say it isn't a problem.  If Trump is so wrong on this, let's hear what the right answer is.

 

[Irvinecommuter]

Seriously, come into the 21st century.

I'm trying but you never answered my question.  What is the 21st century solution to Chinese dumping?

No more deflection and trying to say it isn't a problem.  If Trump is so wrong on this, let's hear what the right answer is.

21st century solution is to make better trade deals with countries not China and to form a trade/economic partnerships with EU/Japan and other countries to fight China via the WTO or elsewhere.    By imposing tariffs and pulling out of trade deals, United States is just hurting itself.

United States is not the biggest baddest kid on the block anymore...it needs to play nice with others or be left alone in the playground.

 

[Liar Loan]

Seriously, come into the 21st century.

I'm trying but you never answered my question.  What is the 21st century solution to Chinese dumping?

No more deflection and trying to say it isn't a problem.  If Trump is so wrong on this, let's hear what the right answer is.

21st century solution is to make better trade deals with countries not China and to form a trade/economic partnerships with EU/Japan and other countries to fight China via the WTO or elsewhere.    By imposing tariffs and pulling out of trade deals, United States is just hurting itself.

United States is not the biggest baddest kid on the block anymore...it needs to place nice with others or be left alone in the playground.

Has it occurred to you that this might be precisely for the purpose of creating leverage to negotiate better trade deals? 

Wilbur Ross is a smart guy.  Incredibly smart.  He knows that tariffs are not the best long term solution.

 

[Irvinecommuter]

Seriously, come into the 21st century.

I'm trying but you never answered my question.  What is the 21st century solution to Chinese dumping?

No more deflection and trying to say it isn't a problem.  If Trump is so wrong on this, let's hear what the right answer is.

21st century solution is to make better trade deals with countries not China and to form a trade/economic partnerships with EU/Japan and other countries to fight China via the WTO or elsewhere.    By imposing tariffs and pulling out of trade deals, United States is just hurting itself.

United States is not the biggest baddest kid on the block anymore...it needs to place nice with others or be left alone in the playground.

Has it occurred to you that this might be precisely for the purpose of creating leverage to negotiate better trade deals? 

Wilbur Ross is a smart guy.  Incredibly smart.  He knows that tariffs are not the best long term solution.

No...because United States has no leverage anymore.  Look at what happened with the Transpacific partnership?  The other countries just did the deal without US and now US has to bargain into that at a weaker position.  US shot itself in the foot there and China benefited without doing anything.

It's no different than what is happening with UK and Brexit...EU doing great without UK. 

In some ways, it's like an economic cold war between US and China.  US had the military advantage after WW2 but that was quickly negated when the Soviets developed the A and H bombs.  No way the US can take down Soviet Union military.  Instead, the US beat the Soviets by forming strong strategic economic and military partnerships with Europe and Asia.  Eventually, the US and their partnership economically starved the Soviets into submission. 

21st century world.

 

[Liar Loan]

IC mockingly says:

WINNING!
NOTHING MORE TO SEE!
BEST PEOPLE!

Meanwhile:

US Jobless Claims Hit Lowest Level Since 1969

In the week ending February 24, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of
10,000 from the previous week's revised level. This is the lowest level for initial claims since December 6, 1969 when it
was 202,000.

https://www.dol.gov/sites/default/files/documents/newsroom/releases/eta/20180316.pdf

1969... That's before Irvine was even a city right?

 

[Irvinecommuter]

IC mockingly says:

WINNING!
NOTHING MORE TO SEE!
BEST PEOPLE!

Meanwhile:

US Jobless Claims Hit Lowest Level Since 1969

In the week ending February 24, the advance figure for seasonally adjusted initial claims was 210,000, a decrease of
10,000 from the previous week's revised level. This is the lowest level for initial claims since December 6, 1969 when it
was 202,000.

https://www.dol.gov/sites/default/files/documents/newsroom/releases/eta/20180316.pdf

1969... That's before Irvine was even a city right?

I thought things like jobless claims and unemployment rates were fake news...at least that what I heard all the way through the Obama administration.  This guy certainly thought so:

So then I read every time it comes out, I hear, "5.3% unemployment." That is the biggest joke there is in this country.

That number is so false.

You know, people ask, how come Trump is doing so well? And Carson and others. How come they're doing -- you know why they're doing well?

Because people are tired of political speak. They're tired of that. And the worst example of it -- one of the worst examples of it is the phony unemployment rate.

The unemployment rate is probably 20%.

But I will tell you, you have some great economists that will tell you it's 30%, 32%. And the highest I've heard so far is 42%.

https://www.realclearpolitics.com/video/2015/09/28/trump_unemployment_rate_as_high_as_40.html

So if that's a real number then I guess Obama did pretty well by decreasing the jobless claims from close to 670K to about 233K.

New applications for state jobless insurance benefits rose 12,000 to a seasonally adjusted 669,000 in the week ended March 28, the highest since the week ending October 2, 1982, from an upwardly revised 657,000 the week before.

https://www.reuters.com/article/us-...t-in-more-than-26-years-idUSTRE53138C20090402

Applications for jobless benefits plunged to a nearly 44-year low last week, a sign of a healthy labor market.

First-time claims for unemployment insurance fell 28,000 to a seasonally adjusted 235,000, just above the record low of 233,000 reached in late November, the the Labor Department said Thursday.

The four-week moving average, which reflects the direction of the job market, for claims dropped 5,750 to 256,750

http://thehill.com/policy/finance/312839-jobless-claims-plunge-to-nearly-a-44-year-low
https://tradingeconomics.com/united-states/jobless-claims

 

[Liar Loan]

Poor Obama... He never gets credit for the outstanding economy on his watch.

 

[Irvinecommuter]

Poor Obama... He never gets credit for the outstanding economy on his watch.

I don't know...you tell me...what matrices are we using?  Apparently Trump going from 233,000 jobless claims in January 2017 to 210,00 in February 2018 is indication of a great economy but Obama going from 669,000 in February 2009 to 233,000 in January 2017 is fake news.

But hey...let's ignore the inflationary data and start trade wars...I mean they're easy to win!

 

[Liar Loan]

Poor Obama... He never gets credit for the outstanding economy on his watch.

I don't know...you tell me...what matrices are we using?  Apparently Trump going from 233,000 jobless claims in January 2017 to 210,00 in February 2018 is indication of a great economy but Obama going from 669,000 in February 2009 to 233,000 in January 2017 is fake news.

But hey...let's ignore the inflationary data and start trade wars...I mean they're easy to win!

Trump said the unemployment rate was fake, not jobless claims which is easily calculated.  A lot of people believe the unemployment rate doesn't show a complete picture because it doesn't include those whose unemployment benefits have expired, or those that are working but underemployed.  That was the sentiment he was tapping into when he said that.  A lot of the people that believe that also point to Ronald Reagan for tinkering with the calculation in the early 80's as the reason it is unreliable.

 

[Loco_local]

Trump said the unemployment rate was fake, not jobless claims

Are you serious? Trump uses the same bls number that has always been reported. Either it is and always was fake or it's not. It sounds like you need to take a long media free vacation to clear your head and get back to rational thinking.

 

[Liar Loan]

Trump said the unemployment rate was fake, not jobless claims

Are you serious? Trump uses the same bls number that has always been reported. Either it is and always was fake or it's not. It sounds like you need to take a long media free vacation to clear your head and get back to rational thinking.

We are talking about Trump's prior statements.  I personally have no issue with the unemployment calculation.  Perhaps it is you who is acting irrationally at this moment?

 

[Irvinecommuter]

Poor Obama... He never gets credit for the outstanding economy on his watch.

I don't know...you tell me...what matrices are we using?  Apparently Trump going from 233,000 jobless claims in January 2017 to 210,00 in February 2018 is indication of a great economy but Obama going from 669,000 in February 2009 to 233,000 in January 2017 is fake news.

But hey...let's ignore the inflationary data and start trade wars...I mean they're easy to win!

Trump said the unemployment rate was fake, not jobless claims which is easily calculated.  A lot of people believe the unemployment rate doesn't show a complete picture because it doesn't include those whose unemployment benefits have expired, or those that are working but underemployed.  That was the sentiment he was tapping into when he said that.  A lot of the people that believe that also point to Ronald Reagan for tinkering with the calculation in the early 80's as the reason it is unreliable.

But the unemployment rate is legit now right...just after Trump took office. 
https://www.washingtonpost.com/news...ey-made-him-look-good/?utm_term=.eff7fb49d00d

https://www.washingtonpost.com/news...-to-the-obama-economy/?utm_term=.347499ff6495