TWEET Tweet tweet

[edward37]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

 

[buckeye45_73]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

Wow you take his tweet out of context how shocking. Before the income tax (1912), tariffs were how the country was run. That is what he was referring to. And tariffs are a tool. he doesn't want to have tariffs, but if other countries do, we have to. And it's getting us results. Short term pain (although the pain isn't that bad) for long term gain (being able to export tons more things is gonna really help our economy.

he knows our position and is using it. he's a business man and using his advantages and doesn't feel guilty that we are the greatest country on Earth, unlike your globalist friends who say fuck the Us, we have to help the poor countries grow.

 

[Auld Phart]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

The Founding Fathers believed that?

History says different

 

[Tom Horn]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

Again we see the results of a closet-marxist education....well written, but a total load of crap without a clue about our actual history. Smoot-Hawley had little to nothing to do with the Great Depression. It was a perfect storm of a severe drought in the southwest thanks to prairie grass being plowed under, and farmers and factory workers investing in the stock market without a clue about how it worked. The sharks ate them alive, same as what happened in 2007 when the democrats wouldn't let Bush look at the Fanny/Freddie books after Maxine Watters called them "racist" for wanting to. Thanks to CLINTON, commercial banks became investment banks and instead of our economy being based on goods and services, it became based on housing start ups. This worked great for awhile because home building involves several kinds of businesses, copper pipe, lumber, cement, sheeting/siding, appliances....everything from contractors to mortgage insurance. And the banks let these places appraise at 30% higher a year. The flippers had a field day until there was nobody left to speculate and Willy's CRA changes made the banks either lend or be charged and fined for "red-lining". The banks weren't about to get caught holding that junk paper so they put out packages of derivatives that were little more than ticking bombs and in 2008 they went off. Trump knew if we went old-school, cut taxes, crushed the trade-imbalances, and got rid of suffocating regulations, we could grow ourselves out of imminent collapse....so far so good.

 

[edward37]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

Again we see the results of a closet-marxist education....well written, but a total load of crap without a clue about our actual history. Smoot-Hawley had little to nothing to do with the Great Depression. It was a perfect storm of a severe drought in the southwest thanks to prairie grass being plowed under, and farmers and factory workers investing in the stock market without a clue about how it worked. The sharks ate them alive, same as what happened in 2007 when the democrats wouldn't let Bush look at the Fanny/Freddie books after Maxine Watters called them "racist" for wanting to. Thanks to CLINTON, commercial banks became investment banks and instead of our economy being based on goods and services, it became based on housing start ups. This worked great for awhile because home building involves several kinds of businesses, copper pipe, lumber, cement, sheeting/siding, appliances....everything from contractors to mortgage insurance. And the banks let these places appraise at 30% higher a year. The flippers had a field day until there was nobody left to speculate and Willy's CRA changes made the banks either lend or be charged and fined for "red-lining". The banks weren't about to get caught holding that junk paper so they put out packages of derivatives that were little more than ticking bombs and in 2008 they went off. Trump knew if we went old-school, cut taxes, crushed the trade-imbalances, and got rid of suffocating regulations, we could grow ourselves out of imminent collapse....so far so good.

You seem like you're a pretty smart guy BUT you lost me with your imminent collapse bit That's just repub talk

 

[Tom Horn]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

Again we see the results of a closet-marxist education....well written, but a total load of crap without a clue about our actual history. Smoot-Hawley had little to nothing to do with the Great Depression. It was a perfect storm of a severe drought in the southwest thanks to prairie grass being plowed under, and farmers and factory workers investing in the stock market without a clue about how it worked. The sharks ate them alive, same as what happened in 2007 when the democrats wouldn't let Bush look at the Fanny/Freddie books after Maxine Watters called them "racist" for wanting to. Thanks to CLINTON, commercial banks became investment banks and instead of our economy being based on goods and services, it became based on housing start ups. This worked great for awhile because home building involves several kinds of businesses, copper pipe, lumber, cement, sheeting/siding, appliances....everything from contractors to mortgage insurance. And the banks let these places appraise at 30% higher a year. The flippers had a field day until there was nobody left to speculate and Willy's CRA changes made the banks either lend or be charged and fined for "red-lining". The banks weren't about to get caught holding that junk paper so they put out packages of derivatives that were little more than ticking bombs and in 2008 they went off. Trump knew if we went old-school, cut taxes, crushed the trade-imbalances, and got rid of suffocating regulations, we could grow ourselves out of imminent collapse....so far so good.

You seem like you're a pretty smart guy BUT you lost me with your imminent collapse bit That's just repub talk

If our debt hits between $27-30T, we can no longer field a military or provide a social safety net. The majority of revenues would have to go to debt interest and unfunded liabilities. The panic would start at $27T and collapse at $30T and that is imminent (2025) if not reversed. Of course we could always default on the debt, declare the United States of America no longer exists, and break up into 5 regional countries which would be debt-free and able to create a common currency and unrestricted travel. Then when our Treasury-holders had all either died off or given up on collecting what they were owed, we could reunite as the United States and swear to God we'd never let another stinking socialist anywhere near a public office.

 

[fncceo]

Why do cranky, old people have so much of a problem with people using electronic messaging?

 

[BluesLegend]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

Again we see the results of a closet-marxist education....well written, but a total load of crap without a clue about our actual history. Smoot-Hawley had little to nothing to do with the Great Depression. It was a perfect storm of a severe drought in the southwest thanks to prairie grass being plowed under, and farmers and factory workers investing in the stock market without a clue about how it worked. The sharks ate them alive, same as what happened in 2007 when the democrats wouldn't let Bush look at the Fanny/Freddie books after Maxine Watters called them "racist" for wanting to. Thanks to CLINTON, commercial banks became investment banks and instead of our economy being based on goods and services, it became based on housing start ups. This worked great for awhile because home building involves several kinds of businesses, copper pipe, lumber, cement, sheeting/siding, appliances....everything from contractors to mortgage insurance. And the banks let these places appraise at 30% higher a year. The flippers had a field day until there was nobody left to speculate and Willy's CRA changes made the banks either lend or be charged and fined for "red-lining". The banks weren't about to get caught holding that junk paper so they put out packages of derivatives that were little more than ticking bombs and in 2008 they went off. Trump knew if we went old-school, cut taxes, crushed the trade-imbalances, and got rid of suffocating regulations, we could grow ourselves out of imminent collapse....so far so good.

You seem like you're a pretty smart guy BUT you lost me with your imminent collapse bit That's just repub talk

If our debt hits between $27-30T, we can no longer field a military or provide a social safety net. The majority of revenues would have to go to debt interest and unfunded liabilities. The panic would start at $27T and collapse at $30T and that is imminent (2025) if not reversed. Of course we could always default on the debt, declare the United States of America no longer exists, and break up into 5 regional countries which would be debt-free and able to create a common currency and unrestricted travel. Then when our Treasury-holders had all either died off or given up on collecting what they were owed, we could reunite as the United States and swear to God we'd never let another stinking socialist anywhere near a public office.

Not a problem, the Fed will just fire up the printing presses and we'll pay off that debt with phony printed money. Of course the devalues the dollar and is a back door tax on pretty much everything. That's what got China pissed off back when the Fed was printing money to prop up Obama.

 

[edward37]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

Again we see the results of a closet-marxist education....well written, but a total load of crap without a clue about our actual history. Smoot-Hawley had little to nothing to do with the Great Depression. It was a perfect storm of a severe drought in the southwest thanks to prairie grass being plowed under, and farmers and factory workers investing in the stock market without a clue about how it worked. The sharks ate them alive, same as what happened in 2007 when the democrats wouldn't let Bush look at the Fanny/Freddie books after Maxine Watters called them "racist" for wanting to. Thanks to CLINTON, commercial banks became investment banks and instead of our economy being based on goods and services, it became based on housing start ups. This worked great for awhile because home building involves several kinds of businesses, copper pipe, lumber, cement, sheeting/siding, appliances....everything from contractors to mortgage insurance. And the banks let these places appraise at 30% higher a year. The flippers had a field day until there was nobody left to speculate and Willy's CRA changes made the banks either lend or be charged and fined for "red-lining". The banks weren't about to get caught holding that junk paper so they put out packages of derivatives that were little more than ticking bombs and in 2008 they went off. Trump knew if we went old-school, cut taxes, crushed the trade-imbalances, and got rid of suffocating regulations, we could grow ourselves out of imminent collapse....so far so good.

You seem like you're a pretty smart guy BUT you lost me with your imminent collapse bit That's just repub talk

If our debt hits between $27-30T, we can no longer field a military or provide a social safety net. The majority of revenues would have to go to debt interest and unfunded liabilities. The panic would start at $27T and collapse at $30T and that is imminent (2025) if not reversed. Of course we could always default on the debt, declare the United States of America no longer exists, and break up into 5 regional countries which would be debt-free and able to create a common currency and unrestricted travel. Then when our Treasury-holders had all either died off or given up on collecting what they were owed, we could reunite as the United States and swear to God we'd never let another stinking socialist anywhere near a public office.

Not a problem, the Fed will just fire up the printing presses and we'll pay off that debt with phony printed money. Of course the devalues the dollar and is a back door tax on pretty much everything. That's what got China pissed off back when the Fed was printing money to prop up Obama.

To prop up Obama OR to prop up America ?

 

[Tom Horn]

Why do cranky, old people have so much of a problem with people using electronic messaging?

 

[fncceo]

Why do cranky, old people have so much of a problem with people using electronic messaging?

Agreed...

 

[Tom Horn]

Not a problem, the Fed will just fire up the printing presses and we'll pay off that debt with phony printed money. Of course the devalues the dollar and is a back door tax on pretty much everything. That's what got China pissed off back when the Fed was printing money to prop up Obama.

OR, we could invade Canukistan and have a yard sale with their assets or sell Alaska to the Ivans for $25T in bogus paper and tell our Treasury holders to talk to Putin about it.

 

[Auld Phart]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

The Founding Fathers believed that?

History says different

you laughed at my response to this, ed...

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

Why?

DO you seriously believe the Founding Fathers thought all men were created equal?

including blacks, Asians, non property holders, etc?

are you THAT ignorant of history?

 

[fncceo]

President Trump has issued shameful tweets, offensive tweets and self-serving tweets. Rarely, however, has he sent out a tweet that better conveys his abject ignorance about the country and economics than the tweet he posted Wednesday:

Donald J. Trump‏Verified account @realDonaldTrump

Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals - as opposed to the horrible and unfair Trade Deals that I inherited as your President. Other Countries should not be allowed to come in and steal the wealth of our great U.S.A. No longer!



No, no, no.


Our country was founded on a principle Trump often seems unacquainted with: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed.”


Unless Trump wants to retreat to a 1776-sized economy or relive the Great Depression (care of Smoot-Hawley) it’s best we not follow the outdated mercantilist philosophy that was supplanted fortunately by Adam Smith who deplored tariffs (“extraordinary restraints upon the importation of almost all sorts of goods from those countries with which the balance of trade is supposed to be disadvantageous”). Unlike Trump, Smith knew that a balance of trade “deficit” is not disadvantage, let alone a debt to be repaid or money stolen from us:

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

The Founding Fathers believed that?

History says different

you laughed at my response to this, ed...

“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

Why?

DO you seriously believe the Founding Fathers thought all men were created equal?

including blacks, Asians, non property holders, etc?

are you THAT ignorant of history?

I believe they held that, ideally, all men are equal. I see nothing in there about all nations being equal. Tariffs are between nations, not individuals.