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In reply to the discussion: Trump Says U.S. Will Purchase Crops to Offset China Losses [View all]mahatmakanejeeves
(67,064 posts)8. I watched "Good Morning America" this morning.
Sheesh, look at all the click bait: https://www.goodmorningamerica.com/news
Anyway, ABC's reporter standing out on the White House lawn took the time to explain that China is NOT paying any tariffs. The tariffs are being paid by importers, who immediately recover their money by adding the cost to the price of the goods being sold.
It is the American consumer who is picking up the tab for the tariffs. This is elementary. Anyone other than "the dumbest goddamn student I ever had," knows this.
Column: Donald Trump's biggest flaw: He's not that bright
By Steve Chapman
November 3, 2017, 2:30 PM
Donald Trump has many serious flaws, including incorrigible dishonesty, rampant narcissism, contempt for women and a fashion sense that makes him think that hairstyle of his is flattering. But nothing compares to his most prominent, crippling and incurable defect: Hes dimmer than a 5-watt bulb.
Secretary of State Rex Tillerson was reported to have called the president a moron emphasizing that term with an adjective I cant repeat here. Forced to hold a news conference to praise the presidents intelligence, Tillerson was too honest to deny what he had said.
The late William T. Kelley, who taught Trump at the University of Pennsylvania, said, Donald Trump was the dumbest goddamn student I ever had. Tony Schwartz, the ghostwriter of The Art of the Deal, says Trump had a stunning level of superficial knowledge and plain ignorance.
Trumps feeble-mindedness is on daily view. When an Uzbek immigrant was arrested for allegedly driving a truck down a Manhattan bike path, killing eight people, the president responded in thunderously stupid ways. First, he tweeted that he had just ordered Homeland Security to step up our already Extreme Vetting Program. If you can step it up, why didnt you do that before?
He fumed that the alleged killer wanted an Islamic State flag for his hospital room. Really? The guy reportedly killed eight people, and the flag is what steams you? Trump demanded the death penalty opening the way for the suspects lawyers to argue that the president has made it impossible for him to get a fair trial.
{snip the rest}
By Steve Chapman
November 3, 2017, 2:30 PM
Donald Trump has many serious flaws, including incorrigible dishonesty, rampant narcissism, contempt for women and a fashion sense that makes him think that hairstyle of his is flattering. But nothing compares to his most prominent, crippling and incurable defect: Hes dimmer than a 5-watt bulb.
Secretary of State Rex Tillerson was reported to have called the president a moron emphasizing that term with an adjective I cant repeat here. Forced to hold a news conference to praise the presidents intelligence, Tillerson was too honest to deny what he had said.
The late William T. Kelley, who taught Trump at the University of Pennsylvania, said, Donald Trump was the dumbest goddamn student I ever had. Tony Schwartz, the ghostwriter of The Art of the Deal, says Trump had a stunning level of superficial knowledge and plain ignorance.
Trumps feeble-mindedness is on daily view. When an Uzbek immigrant was arrested for allegedly driving a truck down a Manhattan bike path, killing eight people, the president responded in thunderously stupid ways. First, he tweeted that he had just ordered Homeland Security to step up our already Extreme Vetting Program. If you can step it up, why didnt you do that before?
He fumed that the alleged killer wanted an Islamic State flag for his hospital room. Really? The guy reportedly killed eight people, and the flag is what steams you? Trump demanded the death penalty opening the way for the suspects lawyers to argue that the president has made it impossible for him to get a fair trial.
{snip the rest}
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Can some economist explain how any of this 'robbing Peter to pay Paul' stuff
sinkingfeeling
May 2019
#4
It's OK if it's Proletariat Peter who is picking up the tab and not Bourgeoisie Peter!
TheBlackAdder
May 2019
#18
Trump had to say SOMETHING to settle the futures market, it's been tanking for a week
CharleyDog
May 2019
#19
Just so long as it isn't one of the four or five countries of Mexico we give the soybeans to.
Hugin
May 2019
#5
Wait what? To cover his China failure, our taxe$ will buy American food to be sent abroad?
yerop
May 2019
#10
Trump argued for taxing consumers to prop up part of his political base that's getting hammered
mahatmakanejeeves
May 2019
#12
The level of factually wrong info from the president this morning is high.
mahatmakanejeeves
May 2019
#15
We've already done several tariff-related price increases at the store I work in; higher ones are
NBachers
May 2019
#22
i watch the farm report every sunday morning. this is not what the farmers want.
Kurt V.
May 2019
#31
I guess the orange anus skipped Tariffs 101 at his highfalutin business college
Brother Buzz
May 2019
#43
Does Trump think that tariffs are a type of tax that goes to the government?
Cold War Spook
May 2019
#44
He doesn't know what the h** he's doing. Someone get this clown out of office. nt
Honeycombe8
May 2019
#45