Play Nice 47th President of the United States: Donald Trump - Part 21: President Musk

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< - Part 20 can be found here
 
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It amazes me all of this Elon Musk hatred by the left? What are they afraid of? Are they afraid of being caught out with their fraudulent lifestyle at the expense of the masses and losing all their cheap benefits with the waste and corruption exposed?
So Elon is now all bad in the eyes of the unstable left, they now hate the bloke who wanted people to drive an electric car instead of a fuel guzzling SUV ( the left loved them initially), so he founded Tesla motors. Come 2025 we now see attacks on property carrying the logo of Elon Muk's electric car company with bullets and molotov cocktails aimed at Tesla showrooms. i suppose acquiring Solarcity corporation now known as Tesla Energy means nothing these days? So is it a target?
Elon wanted a new payment method on the internet, so he co-founded Pay Pal, Elon wanted to go to space cheaper, so he created SpaceX, Elon wanted faster transportation, so he is developing Hyperloop, Elon does not tell everyone how bad the world is, Elon is working on changing the world for the better.
Elon wants to curb waste and corruption in government and this is bad thing? Odd.
Don't stress about the Tesla stuff...they're just Tourist Attacks, not Terrorist Attacks.

Blessed be the fruit.
 
So! What about all those Treasury Bonds Japan & China have hey.

Gosh, imagine if you pissed off Japan enough that they started to divest their bonds thereby devaluing the US $

The last time the US imposed world wide tariffs it ended up with Japan invading China and bombing Pearl Harbour....not that Mango Man knows that of course.

 
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Not too many sensible replies to the Elon Musk question, so much for the renewable energy sector? A few years ago all the Hollywood types were driving around in their new Tesla's flaunting their support for Elon's electric car, now they support the destruction of it all? Bizarre.
The dismantling of democratic institutions, mass layoffs and gutting public/social services is a bit more of a priority at the moment. Your post lacks any sense of logic, are you saying because he has a company that sells EV's he is immune from any criticism? Perhaps that's how the cult of personality works in your echo chambers but I prefer to judge people on their actions.
 
Just wait until April 2nd - they are planning to levy tariffs on trillions of dollars of Imports - you can forget recession , this is going to be full on depression with catastrophic results worldwide.

Trump saying tariffs with be with a "little pain" will go down in history with "will be gone in a few days " for Covid and "two weeks" for policies that never materialise.
What a clusterfluck this is going to be :think:
There's no reason why tariffs would cause a recession. Inflation yes, but tariffs should boost US firms profits and jobs.

They are going to recession but it's not because of tariffs. It's because the AI bubble, shitty electric cars, general tech stuff. The US economy is all hype and China has proven themselves to be better in the tech sector. Compare the hang seng and the nasdaq, close to mirror image
 
There's no reason why tariffs would cause a recession. Inflation yes, but tariffs should boost US firms profits and jobs.

They are going to recession but it's not because of tariffs. It's because the AI bubble, shitty electric cars, general tech stuff. The US economy is all hype and China has proven themselves to be better in the tech sector. Compare the hang seng and the nasdaq, close to mirror image
It might create jobs and profits in the long run but only where it is feasible for the US to ramp up domestic production (at labour costs far in excess of those implicit in many imports even while paying relatively low wages to those US employees).

In the short term it will dent consumer confidence, and push up prices so that those who still have the luxury of discretionary spending will have less capacity for such spending. Probably.
 
It might create jobs and profits in the long run but only where it is feasible for the US to ramp up domestic production (at labour costs far in excess of those implicit in many imports even while paying relatively low wages to those US employees).
Still got that expanding prison labour rip
In the short term it will dent consumer confidence, and push up prices so that those who still have the luxury of discretionary spending will have less capacity for such spending. Probably.
Yes, so inflationary not recessionary. It'll happen for different reasons is all I'm saying, also widespread tariffs are dumb without an industrial policy to support it but that's another argument
 
Still got that expanding prison labour rip

Yes, so inflationary not recessionary. It'll happen for different reasons is all I'm saying, also widespread tariffs are dumb without an industrial policy to support it but that's another argument
If people are spending a higher proportion of their money on higher priced imports and less on locally produced discretionary items, why do you think that a recession is not possible (or likely).
 

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If people are spending a higher proportion of their money on higher priced imports and less on locally produced discretionary items, why do you think that a recession is not possible (or likely).
I think a recession is very likely, not because of tariffs though.

The US consumer lives paycheck to paycheck, they spend all their income so gdp can't drop because they get less from their cash. Hence inflationary not a recession cause. Presuming they'll keep spending on imports when domestic items are a similar(lower?) price poesn't seem right. The US manufacting idustry has been undermined for years but it still exists in most sectors.

I'm getting a bit semantic about this all, just trying to suggest the problems in the US are a lot deeper than some dumb Trump policy(if he even follows through)
 
There's no reason why tariffs would cause a recession. Inflation yes, but tariffs should boost US firms profits and jobs.

They are going to recession but it's not because of tariffs. It's because the AI bubble, shitty electric cars, general tech stuff. The US economy is all hype and China has proven themselves to be better in the tech sector. Compare the hang seng and the nasdaq, close to mirror image
Tariffs of the magnitude proposed on trillions of dollars of imports will cause rampant inflation.
The rampant inflation will destroy GDP and this will spiral the States into at best a recession , more likely a depression- Economics 101😁
 
Tariffs of the magnitude proposed on trillions of dollars of imports will cause rampant inflation.
The rampant inflation will destroy GDP and this will spiral the States into at best a recession , more likely a depression- Economics 101😁
That's not how it works, Inflation can't destroy gdp. Standard of living and all the important stuff, yes.

With the US putting out the worlds reserve currency they are in a somewhat unique position too
 
I have to say I am surprised at the extent to which the US has embraced stupidity as a philosophy to live by.

But devestated by how many Australians look at it and go, that's what we need here, we need some of that.

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There’s so much you can read about how dumb they are due to the removal of civics classes in their education programs in place of Christian fundamentalism. Which is an oxymoron.
 
That's not how it works, Inflation can't destroy gdp. Standard of living and all the important stuff, yes.

With the US putting out the worlds reserve currency they are in a somewhat unique position too


With the US putting out the worlds reserve currency they are in a somewhat unique position too
[/QUOTE]

You understand the rate of GDP would have to outstrip the nominal tariff rate right? The US does not have the infrastructure to do this. I’ve never seen a country **** themselves ever this bad and I never thought it’d be the US.

Any way go USA
 
With the US putting out the worlds reserve currency they are in a somewhat unique position too

You understand the rate of GDP would have to outstrip the nominal tariff rate right? The US does not have the infrastructure to do this. I’ve never seen a country **** themselves ever this bad and I never thought it’d be the US.

Any way go USA
[/QUOTE]

Well no, this is why gdp is a bad measurement. Why would their gdp fall from tariffs? it just means US citizens pay more for imported goods
 
As Orange Mussolini’s shady Tesla infomercial in the white house didnt do anything to help Teslas share price, his Secretary of Commerce Howard Lutnik is now just blatantly telling people to buy Tesla shares.

According to him they wont be this cheap ever again.

Oh Howard, you are wrong. They will be getting much much cheaper despite you and your bosses grifting. JP Morgan have a price target of $120 on it….
 
Maybe I'm too out of the loop? But I just heard that Canada has agreed to a deal to buy an over the horizon radar system from Australia. Canadians are going to sink over $4 billion on it.

Now, maybe Trump had finally done us a solid, because they were supposed to buy it from the US.

But for some reason, they decided to go elsewhere, and we gave them a bit of a discount to sweeten the deal.

Cannot imagine why.

Donald might get so mad, he will go orange in the face.

I really really hope this is true ( everybody already knowing this and me being late to the party is also possible)

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It’s actually illuminating (and reassuring) that almost every “developed” country is a target of their wrath. I only skim read small parts of that but saw Canada, EU, UK, China,Russia, South Korea, Mexico, Brazil (and more) names as countries with unfair practices.

It’s almost like the US is the outlier in allowing long term consumer gouging by Big Pharma.
It's not only to recoup the cost of developing new drugs. US consumers are gouged for drugs that have been around forever.

Insulin costs significantly more in the US than in Canada, with the average price of a vial of insulin in the US being around $98.70, compared to about $12 in Canada.
 

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Play Nice 47th President of the United States: Donald Trump - Part 21: President Musk


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