Trump the Resolute

schmidlap

Platinum Member
Joined
Oct 30, 2020
Messages
14,100
Reaction score
8,988
Points
1,138
Trump tells Congress to raise taxes on the rich in budget bill
Screen Shot 2025-05-09 at 3.06.39 PM.webp

Trump pivots, says GOP should ‘probably not’ raise taxes on rich


Trump refuses to roll back 145% China tariffs
Screen Shot 2025-05-09 at 3.06.39 PM.webp

Trump Touts 80% Tariff on China: 'Seems Right!'


OGC-4.gif


What next?​

 

Attachments

  • Screen Shot 2025-05-09 at 3.06.39 PM.webp
    Screen Shot 2025-05-09 at 3.06.39 PM.webp
    11.8 KB · Views: 18
Last edited:
The world now knows what we've known for almost ten years: You can't believe a word Trump says. You can't trust him. And therefore, you can't trust America. So they're making new relationships and beginning to move on. Can't blame them.
Trust America for what? Not to keep the unfair trade practices? Every country is free to make deals with other countries.
 
The world now knows what we've known for almost ten years: You can't believe a word Trump says. You can't trust him. And therefore, you can't trust America. So they're making new relationships and beginning to move on.

Can't blame them.
The huckster is notoriously unprincipled.

Under the reign of Trumpery, "Don't trust the United Staes," has become the byword among allies, and any others who would enter into international pacts.

His worshipers, by their blind fealty and groveling veneration, contribute to the deterioration of the nation.
 
The huckster is notoriously unprincipled.

Under the reign of Trumpery, "Don't trust the United Staes," has become the byword among allies, and any others who would enter into international pacts.

His worshipers, by their blind fealty and groveling veneration, contribute to the deterioration of the nation.
I've been checking out a lot of overseas commentary on Trump and America, and it has completely turned on a dime since this all started.

For the last several years, it has been a combination of concern and bewilderment (not unlike here). But now it's just scorn and mockery. They held their breath during the Biden years to see if we had gotten this crap out of our system, and now they know it's a feature, not a bug.

MAGA doesn't go far beyond their front porch, so they don't care. But now we'll see what it looks like when a great country gives up its soft power and trusted security/economic relationships.

It is what it is. Too late now.
 
I've been checking out a lot of overseas commentary on Trump and America, and it has completely turned on a dime since this all started.

For the last several years, it has been a combination of concern and bewilderment (not unlike here). But now it's just scorn and mockery. They held their breath during the Biden years to see if we had gotten this crap out of our system, and now they know it's a feature, not a bug.

MAGA doesn't go far beyond their front porch, so they don't care. But now we'll see what it looks like when a great country gives up its soft power and trusted security/economic relationships.

It is what it is. Too late now.
I am regularly in touch with friends and relatives abroad.

They used to tease me about Trump.

Now, they commiserate.

I don't welcome the change in attitude.
 
For decades, budget hawks warned that America’s debt load was unsustainable and that runaway spending financed with borrowed money was eventually going to scare investors away from lending to the United States. Those fears are now taking hold more strongly in the bond market, and are at risk of spreading further.

Tax cuts pushed by the Trump administration are amplifying debt and deficit concerns among bond investors, a powerful group of market players who strongly influence how much it costs for the government to finance its budget. The buying and selling of government debt, known as Treasuries, also influences interest rates on a wide variety of debt extended to American households and businesses, including mortgages, credit cards and car loans.

Those investors were already on edge over President Trump’s whipsawing tariff policy. Then this week’s attempt to push through sweeping tax cuts without significantly slashing spending — in what the president has called a “big, beautiful bill” — set off a fresh bout of bond market turmoil. Mr. Trump put more pressure on Republicans lawmakers on Tuesday, visiting Capitol Hill and warning that failing to advance the bill would lead to higher taxes.

Since dropping below 4 percent in early April, the 10-year Treasury yield has risen back above 4.5 percent, a large move reflecting deficit worries. The moves for the 30-year yield this year have also been stark: It has jumped above 5 percent, its highest level in about a year and a half.


Resolute about crashing the bond market.
 
Trust America for what? Not to keep the unfair trade practices? Every country is free to make deals with other countries.

Actually no.
Each individual is supposed to be free to make what ever deals they want, but government is not supposed to get involved unless there is cheating going on.
Cheating like China dumping solar in the US below cost.
That increases China's economy of scale, but is cheating US solar product like Solyndra.
But Obama and Biden dumped Solyndra, so now we don't have any solar products, so tariffs are too late to do any good now.
 
Back
Top Bottom