• If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Announcement

Collapse
No announcement yet.

Schumer Insults Trump

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Schumer Insults Trump

    How does this guy keep getting voted in?

    Schumer insults Trump as ‘98-pound weakling’ on China before Xi Jinping visit


    http://www.washingtontimes.com/news/...-98-pound-wea/

    By Douglas Ernst - The Washington Times - Wednesday, April 5, 2017

    Senate Minority Leader Chuck Schumer called the man who co-authored “The Art of the Deal” a “98-pound weakling” when it comes to dealing with China.
    President Donald Trump is set to meet with Chinese President Xi Jinping on Thursday and Friday at his Mar-a-Lago estate. Although the billionaire has accused China of using the U.S. as a “piggy bank” and devaluing their currency to create a trade imbalance, Mr. Schumer says it means nothing.

    One of the few hopes we had with President Trump is that he’d finally stand up to
    China,” Mr. Schumer told reporters Wednesday, Politico reported. “But up to now, when it comes to China, he looks like a 98-pound weakling.

    He talks a good game. He signs a couple of executive orders that mean nothing. He hasn'’t saved one job — one job — that China is stealing.”

    The New York senator’s jabs came as he was flanked by Sens. Debbie Stabenow of Michigan and Bob Casey on Pennsylvania. Both lawmakers face tough reelection bids in states won by Mr. Trump on Election Day.

    Senior White House officials
    told CNN on Wednesday not to expect any major changes in policy to be announced after the meeting. Instead, they plan to “set a framework” for a trading relationship moving forward.

    “We don’t want to be unrealistic about [expectations],” the official said.

    During Mr. Trump’s first debate with failed presidential candidate Hillary Clinton, the Republican said America was in “deep trouble” if it didn'’t renegotiate its trade deals with
    China.

    “We don'’t know what we’re doing when it comes to devaluations and all of these countries all over the world, especially China,” Mr. Trump
    said Sept. 26 at Hofstra University in New York. “They’re the best, the best ever at it. What they’re doing to us is a very, very sad thing. So we have to do that. We have to renegotiate our trade deals. They'’re taking our jobs, they'’re giving incentives, they’'re doing things that, frankly, we don’t do.”
    Tinfoil Hat Alliance - member #097


    Under his beard, Chuck Norris has yet another fist.

    sigpic

  • #2
    It seems to me that we are giving the jobs away rather than China stealing anything. It is a lot of corporate greed underlying most all of it. We also have laws regarding dumping, which are never enforced. Trade negotiations are a joke, if one thinks that we are supposed to get parity. If we just go back to it being 'trade' instead of us buying and never selling, then things would be all right. I'm for having reciprocations rather than negotiations.

    For example, if Tokyo wants to sell cars here, then they must allow us to assemble and sell cars there. If that does not happen, then no more imports from Japan or Japanese owned subsidiaries, and no more offshore parts get to come in. Fair is fair. They'll say that their laws are fair, but in practice much the opposite is true.

    Comment


    • #3
      Originally posted by Powder Hound View Post
      It seems to me that we are giving the jobs away rather than China stealing anything. It is a lot of corporate greed underlying most all of it. We also have laws regarding dumping, which are never enforced. Trade negotiations are a joke, if one thinks that we are supposed to get parity. If we just go back to it being 'trade' instead of us buying and never selling, then things would be all right. I'm for having reciprocations rather than negotiations.

      For example, if Tokyo wants to sell cars here, then they must allow us to assemble and sell cars there. If that does not happen, then no more imports from Japan or Japanese owned subsidiaries, and no more offshore parts get to come in. Fair is fair. They'll say that their laws are fair, but in practice much the opposite is true.
      I completely agree with your example. It's another example of what Trump said when running that "Their leaders are smarter than our leaders".

      What ticks me off is American vehicles that are being built in Mexico and Brazil.

      Hopefully, we can turn it around.



      Comment


      • #4
        Oh, and another thing about currency devaluation. Seriously? Blaming a trade deficit on currency manipulations? The only reason there might be a relative change in values such that another country's currency is taking a dive is because that country is running their currency presses even faster than our Fed. If you ask them, the Fed claims they aren't printing currency. And that is so: the treasury department is in charge of the presses. But in the current scheme of things, where the Federal Reserve has ultimate control over the nation's currency, they create all the new money that is then injected into the economy. That is what causes inflation. That other countries do so, and do so faster than we are can only be explained by the fact that the US economy dwarfs almost every other country.

        I've mentioned this before, but if you consider Zimbabwe, you should be able to understand what will happen in the long run when politicians choose to destroy a nation's currency through printing a fiat currency. They print more and more, until it becomes worthless. In Zimbabwe, they did it rather rapidly, in same manner that post WWI Germany did, by printing currency. Germany was trying to monetize their crushing WWI debt. Zimbabwe did it to try and pay for the ridiculous promises by the despots in charge. In both countries, the economies were destroyed and the severe problems that attended brought horrors for nearly all.

        So far, the US dollar is now less than 1% of the buying power it had before the Federal Reserve was put in place. I think there are only 2 reasons that it is still used at all: 1) Thanks to a dominant position at the end of WWII, and US bankers being in a better position of negotiation than the rest of the world, the US dollar was designated as the reserve currency for the rest of the world, and 2) the rest of the world has worked hard to inflate their own currencies at least as much, if not more, than the US dollar.

        Having noted the reserve position, China figures they will be able to create their own position as a reserve currency. They have been successful at doing so for India and Iran. If their efforts continue successfully in the future, China may end up owning the entire southeastern Asia region as their closely held sphere of influence. Any guesses as to how things will be going for the US when that happens?

        Trump indeed has his work cut out for him. The President will be able to do little by himself, however. Congress will need to get their act together to enable the changes in trade law that will be required. In my opinion, the RINOs in congress are very good at being spineless cowards when it comes to doing the right thing.

        Cheers,

        PH

        Comment

        Working...
        X