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Re: Just how Crazy is Donald Trump!
They're called lobbyists, dingbat.Comment
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Re: Just how Crazy is Donald Trump!
MORE Corruption Pay for Play
Mueller Asked Ford for Records After It Rejected Michael Cohen Consulting Overture
Michael Cohen, , made an overture to provide consulting services to Ford Motor Co. in January 2017 but was quickly rebuffed, people familiar with the matter said.
Mueller Asked Ford for Records After It Rejected Michael Cohen Consulting Overture - WSJ
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Re: Just how Crazy is Donald Trump!
WTH “Too many jobs in China lost,” the president said
Make China Great Again?
Trump, in Reversal, Says U.S. Must Help China's ZTE Stay Afloat
Trump pledges to help Chinese phonemaker ZTE 'get back into business' Trump pledges to help Chinese phonemaker ZTE 'get back into business' Washington PostTrump Vows to Save Jobs at China's ZTE Lost After US Sanctions New York TimesTrump urges Commerce Dept. to help Chinese company that violated US sanctions
https://www.bloomberg.com/news/articles/2018-05-13/trump-says-he-xi-working-to-bring-back-china-s-banned-zte?utm_campaign=socialflow-organic&cmpid=socialflow-facebook-politics&utm_content=politics&utm_source=facebook& utm_medium=socialComment
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Re: Just how Crazy is Donald Trump!
New study shows Trump's massive tariffs will hurt the economy and cost 79,000 US jobs
President Donald Trump said his new tariffs on China and metals would boost the US economy.
A study by the Tax Foundation found the tariffs will actually hurt the US economy and cost Americans jobs.
The study also found that low- and middle-income Americans would pay the highest costs from the tariffs.
President Donald Trump has touted his recent decision to impost tariffs on imports of steel, aluminum, and some Chinese goods as a way to support American workers and invigorate the US economy.
But a new study by the conservative-leaning Tax Foundation found that not only would Trump's new tariffs actually damage the US economy, they would also cost tens of thousands of American jobs over time.
The Tax Foundation's Kyle Pomerleau and Erica York on Thursday released their report on the tariffs.
"Our analysis finds that the $37.5 billion in tariffs would lower GDP and wages by 0.1 percent, lower employment by the equivalent of 79,000 fewer full-time jobs in the long run, and make the US tax burden less progressive," the analysts said.
Pomerleau and York pointed to existing economic literature showing how tariffs affect economies. They determined a few ways the tariffs could ultimately depress economic output:
Increase prices: By making imports more expensive or driving people to more expensive US-made goods, businesses would see costs increase and in turn decrease their investment to compensate for the higher prices. That would spur higher costs for consumers.
Increase the value of the dollar: While a boost in the value of the dollar would offset any price increases, it would also make US-made goods more expensive abroad and depress economic activity of export-heavy businesses.
Either way, the analysts said, overall economic activity among consumers and businesses would decline. Lower economic activity in turn means less hiring, since businesses would invest less on things like labor. The decline in labor spending would mean 79,000 fewer jobs are created in the long-run according to the study.
Pomerleau and York also found that most of the economic pain would also be borne more by lower- and middle-income Americans.
Trump trade war, tariffs study on economic impact, lost jobs - Business InsiderComment
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Re: Just how Crazy is Donald Trump!
WINNING
OIL HITS A 4-YEAR PEAK
The price of WTI crude settled at $71.36 on Thursday, hours after Bank of America Merrill Lynch analysts forecast $90 oil by spring 2019 and aComment
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