Trump tells the EU they must purchase large quantities of oil and gas from the US, or face tariffs

[JGalt]

Joe Biden was like a submarine sinking into the Marianna Trench and Trump is like a skipper yelling blow the ballast raising the ship back to the surface!
Biden is at best a total incompetent whose term is becoming a dumpster fire bigger by the day, I've lost track of all of the bull he is pulling--- now his every pardon is releasing hardened dangerous murderers back onto the street where there is absolutely no legal nor political justification for doing so!

These are the scum of the scum who deserve to rot in prison, no doubt of their guilt. So it begs the question, all that is left is that these people have paid big money to Biden to get let off the hook!

Meanwhile, I have also lost track of all of the corrective deals Trump is already working on all across this country if not around the world. The guy is not even in office and he is getting done 100X more than Biden ever did! They should cut off Biden's salary and give it to Trump right now. I just heard a report where they have tracked Biden's decline as far back as 2019 now a year before he even took office.

Mexico, Canada, Putin, China, you name it, and Trump is realigning all these countries by the fact that America is back now and running at flank speed.

If anything, the fact that Nuthin' Fancy disagrees with you proves that you are correct.

 

[AzogtheDefiler]

I got a bridge for sale

You don’t own it. You just live under it with your little cup, Kruska

 

[toobfreak]

If anything, the fact that Nuthin' Fancy disagrees with you proves that you are correct.

I think I have that BUM on IGGY but let me know if he turns up any proof that a word of what I said is factually incorrect to justify his disagree.

They never do.

They just get triggered hearing the facts that their mentor Whoopi Goldberg keeps from their ears.

 

[Nuthin' Fancy]

If anything, the fact that Nuthin' Fancy disagrees with you proves that you are correct.

You're FOS too.
VP Trump is nothing short of a dumpster fire, just like last time.
Now he has another grifter helping him.

 

[Nuthin' Fancy]

I think I have that BUM on IGGY

Of course you do...........CANDY ASS, just like your dear leader.

but let me know if he turns up any proof that a word of what I said is factually incorrect to justify his disagree.

They never do.

They just get triggered hearing the facts that their mentor Whoopi Goldberg keeps from their ears.

 

[Kruska]

Don't kid yourself, other countries need the US a hell of a lot more than we need them. We're the consumers.

This isn't about e.g. EU or Asian producers/companies needing the US-market, but that tariff's only cause higher prices for the consumer - e.g. Trump's idiotic tariff's - resulting in around 20%+ higher consumer spending in the USA.

If the USA has no industrial products to sell, that would be of interest to other nations and their population - then blame rightfully the USA and it's industry.
No one in the EU or e.g. ASEAN needs nor wants US fracking Oil&Gas, so tell me what does the USA industry have to offer??? aside from military goods, sold to lesser developed countries.

As such it's a total no win situation for the USA, only causing plain global economic chaos, earning resentments from other countries and populations, - well it's the only thing Trump is a pro in.

 

[Kruska]

Mexico, Canada, Putin, China, you name it, and Trump is realigning all these countries by the fact that America is back now and running at flank speed.

 

[wamose]

This isn't about e.g. EU or Asian producers/companies needing the US-market, but that tariff's only cause higher prices for the consumer - e.g. Trump's idiotic tariff's - resulting in around 20%+ higher consumer spending in the USA.

If the USA has no industrial products to sell, that would be of interest to other nations and their population - then blame rightfully the USA and it's industry.
No one in the EU or e.g. ASEAN needs nor wants US fracking Oil&Gas, so tell me what does the USA industry have to offer??? aside from military goods, sold to lesser developed countries.

As such it's a total no win situation for the USA, only causing plain global economic chaos, earning resentments from other countries and populations, - well it's the only thing Trump is a pro in.

Trump's tax cuts were what caused the spending increases. Inflation was less than 2% under Trump. You listen to Bill Crystal and the Lincoln project too much.

 

[Kruska]

Trump's tax cuts were what caused the spending increases. Inflation was less than 2% under Trump. You listen to Bill Crystal and the Lincoln project too much.

How does lowering corporate tax from 35% to 21% (only the rich benefiting) - have to do with increasing consumer spending ?

BTW - do you even know the difference between a "demand-pull inflation" (Obama) and a "cost-push inflation" (Trump&Biden)- I don't think you know. Now all you need to do is to research and understand as to what factors cause a "cost-push inflation" and an "expectation of inflation".

Trump increasing national debt by 8 trillion during his stint - and Biden increasing national debt by 5 trillion during his stint, increases inflation + national debt. It's always the last one to bite the dust - since Biden had to carry 8 trillion debt increase additionally to his own increase - and Trump will therefore have to carry 13 trillion, plus again his own new incoming rise of national debt.

And Trump tells the American public that he will lower consumer prices and inflation

Rising national debt reduces business investment and slows economic growth. It also increases expectations of higher rates of inflation and erosion of confidence in the U.S. dollar.

 

[Captain Caveman]

How does lowering corporate tax from 35% to 21% (only the rich benefiting) - have to do with increasing consumer spending ?

BTW - do you even know the difference between a "demand-pull inflation" (Obama) and a "cost-push inflation" (Trump&Biden)- I don't think you know. Now all you need to do is to research and understand as to what factors cause a "cost-push inflation" and an "expectation of inflation".

Trump increasing national debt by 8 trillion during his stint - and Biden increasing national debt by 5 trillion during his stint, increases inflation + national debt. It's always the last one to bite the dust - since Biden had to carry 8 trillion debt increase additionally to his own increase - and Trump will therefore have to carry 13 trillion, plus again his own new incoming rise of national debt.

And Trump tells the American public that he will lower consumer prices and inflation

Rising national debt reduces business investment and slows economic growth. It also increases expectations of higher rates of inflation and erosion of confidence in the U.S. dollar.

If you owned a business and lower tax gave you capital/money, would you take it for greed or invest in your business to expand it to increase income and secure it better for the future?

But I would only lower tax in bad times to incentivise growth, and increase tax in the good times.

 

[Nuthin' Fancy]

If you owned a business and lower tax gave you capital/money, would you take it for greed or invest in your business to expand it to increase income and secure it better for the future?

Greed.

www.nbcnews.com · business · economyCompanies used Trump's tax cut for record stock buybacks, not ...​

Jun 26, 2018 · President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.

President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


"More than 70 percent of this [tax cut] will be returned to workers," said White House Press Secretary Sarah Huckabee Sanders at a January press conference after the bill came into effect.

apnews.com · article · 438fae12f9204b1fbd8e8b1985ae554fUS companies’ tax windfall fuels record share buybacks​

Apr 4, 2019 · U.S. corporations spent a record amount buying back their own shares last year, using 2017’s tax-cut windfall to reward shareholders rather than to invest or expand their than to invest or expand their businesses.


Companies in the S&P 500 spent $806 billion on stock buybacks in 2018, blowing away the previous record of nearly $590 billion set in 2007.
The information technology and financial service sectors were the biggest spenders, with Apple leading the pack. When share prices plunged in the fourth quarter it only encouraged companies to spend more, setting a fourth consecutive quarterly record for buybacks.

But I would only lower tax in bad times to incentivise growth, and increase tax in the good times.

 

[wamose]

How does lowering corporate tax from 35% to 21% (only the rich benefiting) - have to do with increasing consumer spending ?

BTW - do you even know the difference between a "demand-pull inflation" (Obama) and a "cost-push inflation" (Trump&Biden)- I don't think you know. Now all you need to do is to research and understand as to what factors cause a "cost-push inflation" and an "expectation of inflation".

Trump increasing national debt by 8 trillion during his stint - and Biden increasing national debt by 5 trillion during his stint, increases inflation + national debt. It's always the last one to bite the dust - since Biden had to carry 8 trillion debt increase additionally to his own increase - and Trump will therefore have to carry 13 trillion, plus again his own new incoming rise of national debt.

And Trump tells the American public that he will lower consumer prices and inflation

Rising national debt reduces business investment and slows economic growth. It also increases expectations of higher rates of inflation and erosion of confidence in the U.S. dollar.

I benefitted from lower capital gains taxes and I'm not rich. Private pension plans, that are the primary support of millions of retirees, benefit from the higher corporate profits that result from lower taxes. I think your philosophy of letting government tax more and decide who that money gets redistributed to is total bullshit. It certainly isn't consistent with liberty and freedom.

 

[wamose]

It happened. They are simply posting the facts of what Trump did. You can pretend it didn't happen but it did.

You can pretend the Covid epidemic with the production cutbacks and supply chain problems it caused didn't happen too, but it did. Saving American agriculture was crucial. Economics during a crisis is different, but in the end, economics is a fluid subject. Adjustments are constantly necessary to allow our economy to thrive.

 

[pknopp]

You can pretend the Covid epidemic with the production cutbacks and supply chain problems it caused didn't happen too, but it did. Saving American agriculture was crucial. Economics during a crisis is different, but in the end, economics is a fluid subject. Adjustments are constantly necessary to allow our economy to thrive.

No, it's not "different ". You support your brand of socialism while others supports theirs.

 

[Kruska]

If you owned a business and lower tax gave you capital/money, would you take it for greed or invest in your business to expand it to increase income and secure it better for the future?

It depends on what kind of business one runs, - the majority of those who benefit from such tax-gifts - are not MANUFACTURING companies, but in majority the finance and energy sectors - where "gains" are simply further invested into already existing finance holdings/options, or governmental license fees and as such don't add to consumer spending via creating new jobs.

For producing/manufacturing industries the average profit - (EBIT) - is at around 4%
Therefore if one pays 35% or 21% tax,- (investment sums are already deducted in the EBIT) it doesn't really matter - So who benefits from these generous tax cuts?

Bank/Finance institutions - average EBIT is at around 32%
Tobacco - is at around 30%
Oil-Gas/renewable Energy - is at around 28%
Semiconductor/Computer/Software - is at around 20%
Pharmaceutical - is at around 18%

And none of these above mentioned are significant job providers - they are factually constantly firing and reducing employees.

As opposed to e.g.

Aerospace/Defense - is at around 5%
Automobile/trucks/parts - is at around 3%
Electronics - is at around 3%
Engineering/Construction - is at around 2%
Transportation/Logistics - is at around 5%

But I would only lower tax in bad times to incentivise growth, and increase tax in the good times.

In that case, such tax hikes in good times will simply prevent further growth
And in bad times - Bad market, aka no market growth, therefore you try to incentivize what?

 

[Captain Caveman]

Greed.

www.nbcnews.com · business · economyCompanies used Trump's tax cut for record stock buybacks, not ...​

Jun 26, 2018 · President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


The Republican tax reform package that was supposed to raise wages and spur hiring has instead funded a record stock buyback and dividend spree, benefiting investors and company executives over workers.

President Donald Trump signed the bill in December last year, saying the corporate tax cut would make it favorable for companies to bring back into the U.S. cash stashed in foreign operations.


"More than 70 percent of this [tax cut] will be returned to workers," said White House Press Secretary Sarah Huckabee Sanders at a January press conference after the bill came into effect.

apnews.com · article · 438fae12f9204b1fbd8e8b1985ae554fUS companies’ tax windfall fuels record share buybacks​

Apr 4, 2019 · U.S. corporations spent a record amount buying back their own shares last year, using 2017’s tax-cut windfall to reward shareholders rather than to invest or expand their than to invest or expand their businesses.


Companies in the S&P 500 spent $806 billion on stock buybacks in 2018, blowing away the previous record of nearly $590 billion set in 2007.
The information technology and financial service sectors were the biggest spenders, with Apple leading the pack. When share prices plunged in the fourth quarter it only encouraged companies to spend more, setting a fourth consecutive quarterly record for buybacks.

Stock buyback -

3 Reasons Companies Choose Stock Buybacks

Companies can repurchase their stock for ownership consolidation, investor sentiment, and stock valuation.

www.investopedia.com

Newspapers?

 

[elektra]

Democrats deman deficit spending but complain and blame Trump for what they spent.

Now democrats are demanding that we continue a trade imbalance that hurts our economy.

It is apparent democrats are incompetent

 

[Nuthin' Fancy]

Stock buyback -

3 Reasons Companies Choose Stock Buybacks

Companies can repurchase their stock for ownership consolidation, investor sentiment, and stock valuation.

www.investopedia.com

WTF?
Why was Trump's bill called the Tax Cuts and Jobs Act?
When in reality, it was the Tax Cuts and Investment Act.

Newspapers?

 

[Nuthin' Fancy]

Democrats deman deficit spending but complain and blame Trump for what they spent.

Now democrats are demanding that we continue a trade imbalance that hurts our economy.

It is apparent democrats are incompetent

That would be your dear leader.

www.vox.com · world · 2020/1/15US-China phase one deal: Trump signed trade deal - Vox​

Jan 15, 2020 · This might seem minor, but last spring, the US and China were reportedly close to a trade deal, but talks broke down after Chinese officials made changes to the text and backed..............

www.bbc.com · news · business-51300625Trump signs US Mexico Canada Agreement - BBC​

Jan 29, 2020 · US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to replace the three countries' existing deal closer to.......


So................your brain dead, dear leader's trade deals sucked, now he wants tariffs?
Of course, just like Trump, his cult blames others.

 

[Deplorable Yankee]