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Smart folks are going to be doing just fine. Farmers too, in the long run. But everyone knew there was going to be short term pain for long term gain. Only cowards who hate America (but love our money) whine about it.
This kid is a young conservative. He burst into tears when he had to pay taxes playing Monopoly. This attitude stays with them until they fall in the eternal sleep.
Smart folks are going to be doing just fine. Farmers too, in the long run. But everyone knew there was going to be short term pain for long term gain. Only cowards who hate America (but love our money) whine about it.
I'm not whining at all. But I don't want to hear the farmers whining with their hands out for bailouts either. Everybody gets to take their lumps.
As was said yesterday, the gang returned form China without any progress on a trade deal. "We are continuing to talk and it is going really well."
Today the knucklehead announced new tariffs on Chinese goods coming into America. The clown still doesn't understand that the Chinese can play this game for longer than Donald will be alive, and that American consumers pay the freight for his ill-founded strategy.
Immediately our stock market fell from being up 300 to be down 200, and bonds flew on the idea of a weaker economy here in the US as prices for goods go up.
How did this guy ever get the title of being a deal maker? Did he invent it himself to go along with his "I am really , really smart?"
Maybe no. Americans are going to suffer more and more until we get this jerk out of office. Today is just another example of the lack of leadership, strategy and direction from the guy in Washington.
So your saying that the Chinese can outlast us so we should just surrender to the Chinese?
Don't come back at me and say we should negotiate without the threat of tariffs because we have been doing that since the 1980s, it doesn't work and it is a joke of a policy.
The entire market - ALL investors - have been taking lumps. For example the lump since the start of 2018 (19 months back) when Trump started his tariff threats and tax reform.....we've taken a "lump" which is quite large.
Say a lifetime saver household has 2 million in the market and IRA....the return since Don the Con has started messing around is 4% a year on the major market indexes. That means that 2 million would make 121K in total growth.
But if we didn't take those Lumps and made a more normal decent return of 10% (in a "super" economy it should be even higher), then we'd have 310K in total growth.
I'd say the difference is quite a lump. Adjust it down for the couple with 1 million and the 155K in growth and income they hoped to live upon in retirement is now 60K. Quite a lump IMHO.
That doesn't include any higher cost of goods coming up the pike. It also doesn't include the lower interest rates we can get now if we try to lend (bonds, etc.) that lifetime savings. That also has taken big lumps since Trump is printing money which we have to compete with.....due to the very chaos that he caused.
As was said yesterday, the gang returned form China without any progress on a trade deal. "We are continuing to talk and it is going really well."
Today the knucklehead announced new tariffs on Chinese goods coming into America. The clown still doesn't understand that the Chinese can play this game for longer than Donald will be alive, and that American consumers pay the freight for his ill-founded strategy.
Immediately our stock market fell from being up 300 to be down 200, and bonds flew on the idea of a weaker economy here in the US as prices for goods go up.
How did this guy ever get the title of being a deal maker? Did he invent it himself to go along with his "I am really , really smart?"
Maybe no. Americans are going to suffer more and more until we get this jerk out of office. Today is just another example of the lack of leadership, strategy and direction from the guy in Washington.
When Tr*** became the nominee, there was an interview with the writer for Art of the Deal. The author was actually very much trying to be nice and choosing his words carefully, but his remarks were: (paraphrased) It was difficult to get Mr. Tr*** to be able to focus long enough to even ask him a question, let alone for him to answer the question. He often walked out when I was in mid-sentence. I find it very difficult to imagine he will be able to focus long enough to function properly on complicated issues as President"
I did not think much of this at all at the time because I figured the entire nomination was a joke and Ashton Kutcher would star in a breaking news on every channel to say "Punk'd" at any moment.
Now that the nightmare has come true, I look back on that interview. You gotta wonder if he is even able to listen, absorb, analyze, and create his own thoughts. That's a whole lot of focus for someone with severe ADHD. My hubby is like this so I get it, and this is not a cut down to Tr***
On a side note, I used to call Tr*** "President It". Someone was upset with me and I promised that I would not call him names anymore, but that I refused to fill the room with the negative energy of his name, so I came up with Tr***. You and others call him names all the time, as well as calling names to his supporters, and no one gets mad. What gives?!?!?
]And what would YOU have done about US steel, aluminum, and manufacturing sectors?[/b] This is a trade war that the US is winning. China has a far greater percent of its economy dependent upon us, rather than we of them. No one said this would be completely easy, but it will be won by the US.
Libs are insane- they would prefer to do nothing and let America get steamrolled by China.
If the libs were in charge in WW2, we would have surrendered the day after Pearl Harbor. FDR was a dem, but not an insane lib of today who had the tenacity to see the fight through.
Leaving aside blaming Democrats and Liberals, I think the main problem is the upper class establishment folks.
They want open borders so their stock and mutual fund portfolios in multinational corporations keeps going up. They also want cheap labor to keep flowing in. They could less about the future of the country as a whole, just as long as they do well.
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