Trump 2.0: MAGAA

[SeattleGriz]

You didn't say shit then, so don't say shit now.

[kalm]

Trump can really pack ‘em in!

[kalm]

Utah:

[UNI88]

Trump administration argues judge cannot order return of man
mistakenly deported to El Salvador

Fix your fvck up or be held criminally and civilly liable for anything that happens to him.

Sent from my iPhone using Tapatalk

[UNI88]

Justice Department places attorney who struggled to explain Maryland man's deportation on leave

Attorney General Pam Bondi said in a statement following the news that Reuveni had been placed on leave, “At my direction, every Department of Justice attorney is required to zealously advocate on behalf of the United States. Any attorney who fails to abide by this direction will face consequences.”

When will biondi face the consequences of not zealously advocating on behalf of the United States?


Sent from my iPhone using Tapatalk

[SeattleGriz]

Trump administration argues judge cannot order return of man
mistakenly deported to El Salvador

Fix your fvck up or be held criminally and civilly liable for anything that happens to him.

Sent from my iPhone using Tapatalk

He was ordered to be deported in 2019. Facts are tough.

[UNI88]

Trump administration argues judge cannot order return of man
mistakenly deported to El Salvador

Fix your fvck up or be held criminally and civilly liable for anything that happens to him.

Sent from my iPhone using Tapatalk

He was ordered to be deported in 2019. Facts are tough.

You’re reading comprehension skills are shit. You should ask Montana to refund all tuition.

Abrego Garcia, a 29-year-old Salvadoran national, was arrested in Maryland and deported last month despite an immigration judge’s 2019 ruling that shielded him from deportation to El Salvador, where he faced likely persecution by local gangs.

Sent from my iPhone using Tapatalk

[kalm]

This doesn’t look promising.



https://apnews.com/article/stocks-marke ... 4a74a6a1b6

[kalm]

A non-partisan and easy to follow take on tariffs and the foolishness behind Trump’s arguments by an SMU economics professor.

This is one of the best explanations about the impact of tariffs by my economics colleague Tim Salmon.

In light of yesterday’s developments, I felt a bit compelled to post a much too long FB post on tariffs. There is a great deal of misunderstanding about how these work and what they will do flying around. Trump tells us that his tariffs will do 2 things. First, they will raise $6 trillion paid for by other countries. Second, they will revitalize American manufacturing and generate new high paying jobs and wealth for our country. All awesome things if they happened. At a minimum, though, it is mathematically impossible for both to come true. If we raise $6 trillion from the tariffs it is because we continue to buy from foreign countries rather than from US manufacturers. So no manufacturing revolution. If the manufacturing revolution occurs, then we aren’t buying from other countries and no $6 trillion emerges. So at most one of those things happens, but which one?

Could the manufacturing boom happen and would it generate jobs? No and no. There is an important misunderstanding here (ok, several) which is that we don’t manufacture in the US anymore. Domestic manufacturing is at record highs. So why are jobs in manufacturing down? It’s because it is done by robots, not people these days. Manufacturing jobs weren’t stolen by factories in Mexico. They were stolen by robots. This has been known for a long time by everyone except politicians trying to sell you on bad policy and "feel good" sound bites. If we increased manufacturing in the US, it would not create a ton of jobs for humans. We would be making our robots work more. As to whether we will create much more manufacturing, consider what you have to think about if you were a company planning new manufacturing in the US right now. First, you have to build a factory. Problem: all the components to build that factory are now tariffed so building that factory will be much more expensive than it was last year when it was already not worth building. Also, all your production inputs are tariffed. Your products will be super expensive. Second problem: who would work in it? Were you to build a factory dependent on labor, there aren’t workers. We are near full employment and we are kicking all immigrants out and shutting off new ones. This is one of the reasons you would have to rely on robots.

What about your ability to sell? Well, exporting is completely out. Other countries will block that and you will be too expensive anyway. Domestically, everyone will already be paying a lot more for things and so they will be buying less and you will be super expensive. By the time your factory is up and running, odds are good we are in full recession. It might be easier to get employees because of that, but no customers. So any manufacturing boom will only employ robots and it’s unlikely to happen anyway. Plus, we were already booming!

So what about that $6 trillion paid for by others? This is complicated. Everyone knows that it is the importer, i.e. us, who pays the tariff directly. So how could Trump claim other countries would pay it? There actually is a way for that to happen. Take Canadian steel as an example. If it gets tariffed and we have good substitutes like Japanese or Chinese steel, then we don’t have to buy the expensive Canadian steel and can buy elsewhere. Canadian steel companies then have pressure to price reduce so that they are less expensive unless they can find other customers. This means they shoulder the main burden of the tariff. We still pay more for less, but Canada takes some of the burden by setting lower prices. The key to that was the availability of less expensive substitutes. Trump set tariffs on everyone. We have no alternatives. We will take almost all of the surplus loss from these tariffs. We will pay a lot more and get a lot less. You might then think “well, just buy American steel!” There isn’t enough. We don’t produce all the types of steel needed or the quantity and even if we did, American companies would be jacking their prices up due to the demand increase and the fact that their competition is eased. We will still pay a lot more for a lot less and we will not generate new jobs for Americans either in the short or long run.

There is no coherent argument in favor of tariffs implemented this way. If you are thinking, “hey, give the guy a chance, how do you know?” Well, there is all of the clear economic theory leading to the arguments above. There is also a ton of historical evidence showing that all of that theory checks out. This is not a new policy design. It is one that people think up all the time. We know how it works. None of this is new. None of this is novel. None of it has been designed in an intelligent or purposive way. It’s just as dumb as taking ivermectin as a cancer treatment. Well, actually dumber still than that as there’s a chance ivermectin doesn’t harm you (not a great one, please don’t take that junk unless you are a horse with worms!). And I’m not going into the dumbness of how they actually arrived at these tariff numbers as their “process” simply boggles the mind at its stupidity (you should check it out so that you understand why he is tariffing stuff produced by penguins).

Why does Trump want to do it? I’m not a psychologist. I can’t say. It does fit in with his general policy agenda which is simply getting revenge on everyone he thinks has wronged him. This includes all the law firms he is shaking down for money because someone he doesn’t like used to work for the firm, the universities he is shaking down, the States he is shaking down and this is him doing it to other countries. This is policy agenda as designed by someone who only understands mafia style protection rackets. If you disagree and can mount a coherent explanation for why this tariff policy could achieve the claimed goals, great! Let me know. The administration has so far mounted no such argument and I don’t see one as possible, but I would be happy to see some argument for why it will work.

That aside, if you have questions along the lines of “well, why is it fair that other countries have tariffs against us and so this is just returning fairness”, that’s a reasonable question as trade policy is complicated but that is another monstrously long post. Happy to discuss it with you if you want the full explanation (short version, total barriers to trade are complicated and not fully captured just by tariff numbers. The US through a ton of US controlled international trade organizations have been pushing all of these to near 0 for decades setting all international trade standards in our favor. It’s part of why other countries somewhat justifiably hate us and among the reasons we used USAID for decades to pay them off in pennies for what we took back in hundreds and thousands of dollars.)

BTW, nothing in what I wrote above has anything to do with politics or any political party. It’s just straight math. In fact, what I wrote above was understood by Republicans for many decades prior to Trump. Democrats only started to embrace this view while Clinton was president but there have been a lot of holdouts in that party. Prior to Trump, Republicans argued this side and Democrats, except for Clinton and Obama, argued for tariffs. It’s a topsy turvy world but none of my points are constructed based on or intended to support the ideology of either party. It’s just math. Math doesn’t care about parties and neither do I.

We really need to start requiring some semblance of competence in the policy domain as this policy, if it remains for long and the trade war escalates, may be as destructive to world economies as the financial collapse of 2007. This time, the economic devastation is completely and easily preventable. Republicans, please rein in this guy. No one else can. The world needs your help.

[Pwns]

It took months for MAGA to go from ending socialist Bidenflation to "stick it to the Wall Street elites".

And Tim Pool is bragging Trump will eliminate more millionaires and billionaires than the left.

There's nothing really any core ideology with some Trump supporters.

[Caribbean Hen]

RR up 5% today

[kalm]

RR up 5% today

Makes sense. Doesn’t help the working class or tariff revenue though.

[kalm]

Ganny in 3, 2, 1…..

[GannonFan]

Ganny in 3, 2, 1…..

Nothing to argue with. Free trade is sound, correct economics. Competition is the best solution for the economy, gets rid of the laggards and inefficiencies, and rewards competitiveness and innovation. Obviously, the thing still to be worked out is how to care for the population throughout, especially those displaced and sent adrift by a changing economy. We didn't have all the answers to that from the 90's through the '00's and we'll need better answers going forward. And those answers aren't simple either. And it's not always easier being a free trading country when others are not playing by the same rules, but that tends to be short lived - protectionist economics always fails. One of the reasons why China is teetering today is because of this. It's what killed Japan in the '90's. If this is more than a blip for us, it'll hurt us as well. Reagan could certainly read a script, and whoever wrote that script for him knew economics well enough.

[Skjellyfetti]

[SeattleGriz]

He was ordered to be deported in 2019. Facts are tough.

You’re reading comprehension skills are shit. You should ask Montana to refund all tuition.

Abrego Garcia, a 29-year-old Salvadoran national, was arrested in Maryland and deported last month despite an immigration judge’s 2019 ruling that shielded him from deportation to El Salvador, where he faced likely persecution by local gangs.

Sent from my iPhone using Tapatalk

Faced likely persecution. Typical lazy ass suck off gubmint teat logic. He doesn't get to laminate the judges ruling and use it in perpetuity.

There is a new president and new priorities, and MS-13 has been declared a terrorist organization by the Secretary of State.

Good dig about refunding tuition. Finally... something.

[Skjellyfetti]

He doesn't get to laminate the judges ruling and use it in perpetuity.

Unless a higher court overrules it... that is exactly how the system (used to) work

[UNI88]

He doesn't get to laminate the judges ruling and use it in perpetuity.

Unless a higher court overrules it... that is exactly how the system (used to) work

The DoJ doesn’t get to ignore the ruling because they don’t like it. They should have gone back to court to try and get it overturned.

The party of life kidnapped a man and sent him to foreign prison to be tortured and possibly killed. Which of Christ’s teachings does this fall under?


Sent from my iPhone using Tapatalk

[Caribbean Hen]

RR up 5% today

Makes sense. Doesn’t help the working class or tariff revenue though.

Your nutjob heros forgot all about the working class

[kalm]

Makes sense. Doesn’t help the working class or tariff revenue though.

Your nutjob heros forgot all about the working class

The Democratic party lost the middle class and populism thanks to the likes of Obama, Clinton’s, Pelosi, Biden, Manchin. These people are why I’m an independent. They are pro-corporate, center right, and lukewarm at best in their support of labor.

In the modern sense, Bernie is about as close to a hero as I get. I do like Angus King and Jamie Raskin.

From the punditry, it’s people like Scott Galloway, Nathan J Robinson, Nina Turner, Thom Hartmann, Hassan Piker, John Stewart.

Let me guess…you still think Trump and the MAGA party are populists? Hook, line and sinker, man.

[Caribbean Hen]

Your nutjob heros forgot all about the working class

The Democratic party lost the middle class and populism thanks to the likes of Obama, Clinton’s, Pelosi, Biden, Manchin. These people are why I’m an independent. They are pro-corporate, center right, and lukewarm at best in their support of labor.

In the modern sense, Bernie is about as close to a hero as I get. I do like Angus King and Jamie Raskin.

From the punditry, it’s people like Scott Galloway, Nathan J Robinson, Nina Turner, Thom Hartmann, Hassan Piker, John Stewart.

Let me guess…you still think Trump and the MAGA party are populists? Hook, line and sinker, man.

So political figures are your heros …. Yuck

[kalm]

The Democratic party lost the middle class and populism thanks to the likes of Obama, Clinton’s, Pelosi, Biden, Manchin. These people are why I’m an independent. They are pro-corporate, center right, and lukewarm at best in their support of labor.

In the modern sense, Bernie is about as close to a hero as I get. I do like Angus King and Jamie Raskin.

From the punditry, it’s people like Scott Galloway, Nathan J Robinson, Nina Turner, Thom Hartmann, Hassan Piker, John Stewart.

Let me guess…you still think Trump and the MAGA party are populists? Hook, line and sinker, man.

So political figures are your heros …. Yuck

So your reading comprehension is stuck in adolescence….be better.

[SeattleGriz]

Is the Great Stock Market Crash of 2025 called off yet?

[kalm]

Pretty much…

[SeattleGriz]

Pretty much…

Bitch please. If the same restrictions were on golf, you'd have already blown a gasket and key'd 50 Teslas by now. The adults are talking.