Posted on 03/22/2018 1:46:11 PM PDT by SMGFan
The Dow Jones Industrial Average plunged more than 700 points today amids Wall Street fears of a potential trade war with China sparked by punishing tariffs announced by President Donald Trump.
(Excerpt) Read more at abcnews.go.com ...
So much BS. Why aren't China'a tariffs called punishing?
Tariffs are Patriot candy.
“Right!!! The outrageous spending bill had nothing to do with this.”
Or rising interest rates.
Fear trumped greed today.
Tomorrow it might reverse, or not.
Long-term trend is up.
But, hey—if we can blame Trump—why not?
Its ok as long as it hurts Trump. A little scary.
:-D
Obama’s total mission in Amerika was, is to weaken and destroy it (and overrun it from within by millions of his fellow Muslim terrorists or sympathizers or enalbers for same)
weakening our economy was a big part of his agenda,
as it weakens our defenses (or makes them more dependent on foreign, sometimes hostile, sources), weakens our social fabric and cohesion (more crime, more broken homes, more hooligans available for Obama or Soroz front groups to have demonstrate, riot in the streets, break into people’s car,s homes, businesses, etc)
unfortunately,. he was pretty effective at achieving so much of his antiAmerican agenda....thanks in no small part to the sold-out RINOs in Congress who protected, never impeached or removed him, never prosecuted him or his bffs
I wonder what our farmers will do when China cancels it corn and soybean purchases. Actually, we can increase ethanol production big time. Anyone for tariffs is probably for ethanol.
History doesn’t bear this out. But this time it may be different.
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Throughout most of U.S. history there have been tariffs. The U.S. has led the world’s economies during most of its history too. Tariffs -used correctly- can help infant and certain critical industries thrive and survive.
Wall Street is apparently fine with cheap labor, intellectual property theft and high Chinese tariffs on our exports.
Tariffs or the omnibus budget?
“Raise tarrifs and prosper.
History doesn’t bear this out. But this time it may be different. “
Sure it does. Ever hear of George Washington’s tariff of 1789?
BTW China has an incredible wall of tariffs, they seem to be prospering quite well.
Yes, it always seems that only U.S. tariffs cause ruination.
ABC news wants to blame Trump and of course to help China destroy the USA so of course ABC is going to say this
Yesterday the Federal reserve raised interest rates again for the 6th time since Trump became president.
The Fed kept rates at near zero for all of Obama’s term.
The Fed like ABC are leftists/democrats and political not news not anything but political operatives trying to destroy Trump and install socialism.
So tell me, just what have we been in with China for 30 years or more if it’s not been a trade war. The only difference I see is that Trump has chosen to fight back for a change. The opposition are the big money guys to whom this represents a cut in their outrageous incomes that come at the price of f*cking the citizens of this country who are trying to eke out a living with one hand tied behind them. Somehow, it’s not o.k. to be able to raise your standard of living if you can’t also keep a bunch of Chinese (and Japanese and Koreans too) employed across the Pacific.
The big bucks guys don’t care if Chinese dog food is laced with Melamine and their sheetrock has so much formaldehyde in it that has to be removed from the homes where it was employed, because doing this kind of thing makes them money!
The Fed has raised interest rates 6 times since Trump became president . This is the reason the market is down.
Abc news hides this and instead blames Trump
You and ABC news agree
The Fed is trying to crash the market and the economy to get rid of Trump. they are political leftists as are
ABC news. They left rates at near zero for all of Obama’s term . and now the economy is only “growing” at 2.5% which is no growth if you factor in population growth and other factors. inflation is 2.1% . no need to raise rates unless if you want socialism
“Yes, it always seems that only U.S. tariffs cause ruination.”
Exactly.
I love how the raising of US tariffs to EQUAL levels of the rest of the world, will invite “retaliation”.
Animal spirits!
If ya have to ask . . .
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