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Now, according to four sources close to the White House, Trump is discussing ways to escalate his Twitter attacks on Amazon to further damage the company. “He’s off the hook on this. It’s war,” one source told me. “He gets obsessed with something, and now he’s obsessed with Bezos,” said another source. “Trump is like, how can I **** with him?”
Trump also said that the Post Office "loses $1.47 on every package" it delivers for Amazon, an inaccurate claim. The USPS actually does make money from parcel delivery, including Amazon's packages. But, Trump appears to be referring to a recent estimate from Citi that showed the Postal Service would need to charge $1.46 more per package to be in line with market rates from private competitors like UPS and FedEx.
I mean, I don't love Amazon (although like any consumer today, I'll shop there occasionally) - they certainly have issues. But...how is this not an abuse of power by Trump?
Wonder if Trumpists will now boycott Amazon?
AND
Join Ivanka Trump's online store, get a "prime membership" and hope she starts selling something other than handbags.
The president of the United States using his office to attempt to take down a legitimate business because he doesn't like the owner? His tweeting about Amazon has already dragged the stock market down.
Quote:
"At 9:54 a.m., Amazon's stock was up 1.4%. A minute later, President Trump tweeted his latest attack on Amazon, arguing that it should pay "many billions of dollars" more to the US Postal Service.
Eleven minutes later, Amazon's stock had fallen into the red — and so had the Nasdaq.
If the president wants to punish Amazon, he's succeeding. The rest of the stock market is simply collateral damage."
The president of the United States using his office to attempt to take down a legitimate business because he doesn't like the owner? His tweeting about Amazon has already dragged the stock market down.
"At 9:54 a.m., Amazon's stock was up 1.4%. A minute later, President Trump tweeted his latest attack on Amazon, arguing that it should pay "many billions of dollars" more to the US Postal Service.
Eleven minutes later, Amazon's stock had fallen into the red — and so had the Nasdaq.
If the president wants to punish Amazon, he's succeeding. The rest of the stock market is simply collateral damage."
But what does Trump care about the economy of the U.S. when he has a personal vendetta to follow?
Surely some Republicans somewhere will finally step up and tell this dangerous idiot that he has gone too far.
Yeah, who am I kidding. The useless GOP will sit silently by, as always.
I keep wondering when enough will be enough and the GOP will grow a collective pair and stop this nonsense. This latest vendetta is a blatant abuse of power.
But they are definitely reaching a monopoly level the way they under cut competition including those third party sellers ( mom and pops ) that sell on their platform and pay dearly for the opportunity ... especially as they get into the grocery space and now they want to get into healthcare and other industries .
I keep wondering when enough will be enough and the GOP will grow a collective pair and stop this nonsense. This latest vendetta is a blatant abuse of power.
So why is this being blamed on the Republican Party (the Left's favorite whipping boy, but one which as been completely emasculated by the Trumpsters) when it is the Democrats, and their completely clueless power base who created the Frankenstein?
Power, and the pursuit of it, are a cancer (predominately, but not exclusively "blue") on our nation. The phenomenae that are Amazon and WalMart could only have arisen in an economy where individual effort is so heavily taxed, regulated and penalized that only a handful of powerful individuals like Bezos, Gates, Buffet and the Walton family are capable of co-opting the Deep State; as usual, we have met the enemy, and (s)he is us.
Last edited by 2nd trick op; 04-03-2018 at 01:06 PM..
But they are definitely reaching a monopoly level the way they under cut competition including those third party sellers ( mom and pops ) that sell on their platform and pay dearly for the opportunity ... especially as they get into the grocery space and now they want to get into healthcare and other industries .
Walmart is a guilty as Amazon, and not a peep from Trump.
And I hope he has jobs for the thousands of people Amazon employs. What an asinine thing to do.
The word racketeering and abuse of power comes to mind... Mueller, Oh, Mueller....
Way more people work/used to work in retail jobs that Amazon is putting out of business.
And eventually, Amazon will replace many the thousands who work for them with automation and drones etc.
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