The Official Trump Collapsing Thread

[elysiantraveller]

Originally Posted by incoming

President Trump and the First Lady will be meeting with Japan's prime minister and wife for a three day meeting in Mar-A-Lago. Topics that will be discussed North Korea, tariffs and the $350 billion trade deficit.

http://time.com/5242693/donald-trump...e-north-korea/

Expect more flips and flops on the TPP over the week from Trump.

Most influenced by the last person he talked to...

[Clocker]

Originally Posted by reckless

Who is that Trump spokesman you mention?

Congressman Chris Collins (R, NY), who was on Trump's transition team. About tariffs, he said:

And you are correct there could be a, a very small 10 or 15 percent inflationary impact over a period of time. But I’ll also tell you this, the United States needs some level of inflation. Just speak to the Federal Reserve. You can’t withstand where we’ve been at 0 percent inflation. A 2 and 3 and 4 percent inflation rate is healthy for the economy, and frankly the twenty trillion dollars that we’re saddled with in debt, with a 3 or 4 percent inflation, would be paid back with cheaper dollars, and that’s a benefit for our children and grandchildren.

So if 2-4% is healthy, 10-15% is YUGELY healthy. But small. And a good excuse to keep running up the deficits we are going to kick down the road to future generations.

http://thefederalist.com/2016/03/01/...-middle-class/

[tucker6]

Originally Posted by Clocker

Congressman Chris Collins (R, NY), who was on Trump's transition team. About tariffs, he said:

So if 2-4% is healthy, 10-15% is YUGELY healthy. But small. And a good excuse to keep running up the deficits we are going to kick down the road to future generations.

http://thefederalist.com/2016/03/01/...-middle-class/

The Congressman needs to hone up on his math. And he's an idiot about inflation and the deficit. A moron actually. I can certainly see why he's a member of Congress. Stupid.

[Clocker]

Originally Posted by tucker6

The Congressman needs to hone up on his math. And he's an idiot about inflation and the deficit. A moron actually. I can certainly see why he's a member of Congress. Stupid.

It's not clear where the numbers came from, whether from him or others in the campaign and he was just the spokesman.

The point of this is that it appears that no one else in the campaign knew better, and Trump and his people apparently accepted these numbers. And even with that level of inflation, they still thought that the tariffs were a good idea.

[reckless]

Originally Posted by Clocker

Congressman Chris Collins (R, NY), who was on Trump's transition team. About tariffs, he said:

So if 2-4% is healthy, 10-15% is YUGELY healthy. But small. And a good excuse to keep running up the deficits we are going to kick down the road to future generations.

http://thefederalist.com/2016/03/01/...-middle-class/

Chris Collins is not, and has never been, a Trump spokesman.

Endorsing a person and being a supporter of Trump's policies does not make him a spokesman. Same with being on the transition team. If you don't believe all this, god help you.

[Clocker]

Originally Posted by reckless

Chris Collins is not, and has never been, a Trump spokesman.

Right, that's why Trump immediately denied what Collins said about the tariff plan.

And the fact that Collins was on the transition team and was Trump's liaison with Congress is further proof that he was a loose cannon with no position in the campaign.

If Collins was not speaking for Trump, who was, and what did Trump actually think would be the impact of the tariffs on inflation? How about some facts for a change?

[tucker6]

Originally Posted by Clocker

Right, that's why Trump immediately denied what Collins said about the tariff plan.

And the fact that Collins was on the transition team and was Trump's liaison with Congress is further proof that he was a loose cannon with no position in the campaign.

If Collins was not speaking for Trump, who was, and what did Trump actually think would be the impact of the tariffs on inflation? How about some facts for a change?

The tariffs as described will have little to no impact on inflation at the macro level. It can have an impact on job creation or a lack thereof in affected industries.

[Clocker]

Originally Posted by tucker6

The tariffs as described will have little to no impact on inflation at the macro level. It can have an impact on job creation or a lack thereof in affected industries.

The steel tariffs have already had an impact, particularly on farm equipment, as has been posted here.

Your previous discussion and calculations only look at a limited aspect of the tariffs and inflation. You looked at the increase in the price of imports, such as Chinese steel.

The potentially bigger impact on inflation comes from the price changes of American producers. Large tariffs on Chinese steel or Canadian lumber results in higher prices for those imports. But higher prices on imports also allows American producers of those commodities to increase their prices and still remain competitive.

Blanket tariffs on steel and aluminum imported into the U.S. are likely to keep driving up domestic metal prices that have already been on a tear.

Rising prices globally and dozens of tariffs the U.S. has already applied to individual countries and products have discouraged foreign producers from selling cheap metal in the U.S. The strong U.S. economy and a rebounding oil-and-gas industry have also driven up domestic demand.

The tariffs of 25% on foreign steel and 10% on foreign aluminum that President Trump said he will enact next week will likely push up domestic prices even further. How exactly the tariffs will be implemented and additional details weren't disclosed on Thursday at a meeting Mr. Trump held with steel and aluminum industry executives.

Sharply higher steel prices will encourage companies to fire up some idle blast furnaces in the U.S., said Curt Woodworth, of Credit Suisse. "We think prices could get dramatically higher in the short run," he said.

https://www.marketwatch.com/story/ne...ces-2018-03-02

[FantasticDan]

Circus

Twitter

[Tom]

Who are these VOX people and why are their panties in a knot?

And why doesn't anyone but FanDan care?

[elysiantraveller]

Originally Posted by Tom

Who are these VOX people and why are their panties in a knot?

And why doesn't anyone but FanDan care?

Instead of attacking the source try reading it for once. The administration, yet again, didn't actually know what it was doing and Kudlow and Haley got into a very public riff.

Don't like Vox? Google it. It's elsewhere.

[fast4522]

Originally Posted by elysiantraveller

Expect more flips and flops on the TPP over the week from Trump.

Most influenced by the last person he talked to...

President Trump's policy has always been diametrically opposed to ultra liberal policy, one of his tools is being a moving target. Expect you will be infuriated for years.

[elysiantraveller]

Originally Posted by fast4522

President Trump's policy has always been diametrically opposed to ultra liberal policy, one of his tools is being a moving target. Expect you will be infuriated for years.

Post facts please.

[Clocker]

Originally Posted by elysiantraveller

The administration, yet again, didn't actually know what it was doing and Kudlow and Haley got into a very public riff.

The people in the administration didn't know what Trump was doing.

Trump told his people at the end of last week that the US would ask for new sanctions on Russia on the coming Monday. Haley talked about that on a Sunday talk show (probably filmed Saturday). On Monday, the administration announced that the sanctions were being delayed. It is not clear when Trump decided on the delay, but Haley didn't learn about it until Monday.

Kudlow then told the media that Haley was confused about the issue, which she did not take well.

All of which will be fresh fodder for the left to proclaim how sexist this administration is.

[elysiantraveller]

Originally Posted by Clocker

The people in the administration didn't know what Trump was doing.

I'm aware of the timeline. Coulda just stopped right there...