in Hong Kong earlier this evening. He told me the Chinese are absolutely giddy over Biden's inauguration today. They are chomping at the bit to resume their quest to take America's place as the preeminent economy in the world. They say the are counting on Biden to come through for them. Why not? He's already on their payroll.
I manufacture in China, as well in LA and they felt trump didn't understand the global economy. USA going against China with these silly taffif, especially alone was only going to hurt only USA. China suffered alittle, but the people and their manufacturing structure is more resilient than how we're set up. They were all set to ride this out, because in the end, they feel that they will come out ahead in a much better place than us. They want to negotiated trade policy, but with trump, they felt it couldn't be accomplish.
I wouldn't say that China is giddy, I'd say they're more relieved. They hope that we send a seasoned representative that actually gets it, Navarro was a joke.
And to say that Biden is on the payroll is silly.
I'm just quoting Hunter's laptop. There are emails verified by the FBI that has Hunter telling the Chinese that the pay for play deal is $10,000,000 a year, but $1,000,000 of it goes to "the big guy." In another email, he tells a colleague of his not to use Joe's name, but to just call him the "big guy." Half of America knows this. The half that watch CNN don't because the story was suppressed during the campaign. Its interesting that during the campaign Joe never denied this. He just said he didn't know anything about his son's business, but then some photos surfaced which proved otherwise. Oops!!
if the GOP takes Congress in the midterms as expected, you can count on Joe being impeached after all of the evidence is reviewed by the judiciary committee.
So why is your Hong Kong client giddy? ...Nevermind.....So I guess it's all about Hunter's laptop. We've been down this road before....OK, I got it. I see where you're coming from.
giddy because the tariffs in many industries will be coming off while manufacturing shifts back to China. Americans will collect unemployment, thanks to Biden, instead of taking home a paycheck from manufacturing work. This should be pretty apparent. I'm surprised you needed to ask.
Do you even how many manufacturing jobs came ‘back’ to USA as a consequence of the tariff against China?
Find that first you’ll find out how stupid you’re.
Tariff was a Trump stunt - only thing it did - hurt us farmers AND collect money from US buyers.
You're not considered a farmer just because you grow a little pot in your basement and then smoke it before you post. The Labor department was reporting the increases regularly after Trump took office and put his policies into place. These are the jobs that Obama said were never coming back to the US. That's why China was so pissed. They paid off Obama and Biden fair and square to crush manufacturing in the US, and felt betrayed that those jobs were coming back to the US. The difference is that Trump was not for sale.
Trump saved the coal miners ... NOT. Trump promised (2016) to bring back coal and jobs for coal miners. Trump loves coal, big beautiful coal! There are ~10,000 fewer coal mining jobs today than in 2016. TRUMP HAD NO PLAN to help the coal miners, just bluster.
You're not considered a farmer just because you grow a little pot in your basement and then smoke it before you post. The Labor department was reporting the increases regularly after Trump took office and put his policies into place. These are the jobs that Obama said were never coming back to the US. That's why China was so pissed. They paid off Obama and Biden fair and square to crush manufacturing in the US, and felt betrayed that those jobs were coming back to the US. The difference is that Trump was not for sale.
manufacturing and mining are two different industries, right? I will construe your subject change as evidence that you do not disagree with the points in my post. Its nice to know that there is at least one Dem here with a little integrity. Very few Dems will admit that Biden is for sale, despite all of the evidence of self-dealing with foreign governments that is already in the public arena. Kudos to you for your honesty.
Farming isn't manufacturing, either. The subject matter is also about jobs and employment. AND, I do NOT agree with many of the points you tried to make (in more than one post, above).
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http://www.epi.org/publication/reshoring-manufacturing-jobs/
We can reshore manufacturing jobs, but Trump hasn’t done it.
Trade rebalancing, infrastructure, and climate investments could create 17 million good jobs and rebuild the American economy.
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"While the Trump administration has claimed that the era of U.S. offshoring is “over,” the reality is that the United States has not begun to address the root causes of America’s growing trade deficits and the decline of American manufacturing. Decades of trade, currency, and tax policies that incentivized offshoring, combined with an utter failure to invest adequately in infrastructure and good jobs at home, have contributed to growing inequality and an eroding middle class. President Trump’s erratic, ego-driven, and inconsistent trade policies have not achieved any measurable progress, despite the newly combative rhetoric. ..."
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"Offshoring and the loss of manufacturing plants have continued under Trump, notwithstanding U.S. Trade Representative Robert Lighthizer’s claim that the administration’s trade policy is helping U.S. workers ..."
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"The Trump administration has not succeeded in reshoring manufacturing. In recent congressional testimony, U.S. Trade Representative Robert Lighthizer praised several companies that have scrapped offshoring efforts or have announced ***plans*** [not actually implemented] to move production to the United States, ...
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"It is important to note that the Trump administration has a habit of issuing press releases citing ***plans*** for major foreign investments in the U.S. that never materialize. In July 2017 Foxconn announced—to great fanfare from the White House–plans to invest $10 billion and bring “thousands of new American jobs” to Wisconsin and elsewhere in the United States (White House 2017). News reports indicate that Foxconn’s buildings in Wisconsin were still empty as of April 2020 ..."
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"Employment per plant has ebbed and flowed, increasing during recoveries and dropping much more sharply in downturns, as shown in Figure A. Massive job losses in just six years—during the 2001 recession and the China import surge of 2002–2004, and during the Great Recession of 2008–2009—account for more than all of the net loss of nearly 5 million manufacturing jobs in this period. ..."
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"But offshoring has in fact continued throughout this time, as reflected in changes in the total number of U.S. manufacturing plants, shown in Figure A. Overall, the U.S. has suffered a net loss of more than 91,000 manufacturing plants and nearly 5 million manufacturing jobs since 1997. Nearly 1,800 factories have disappeared during the Trump administration between 2016 and 2018 ..."
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"Here’s what the data actually show about the purported “blue-collar boom” under the Trump administration: The U.S. gained roughly 500,000 U.S. manufacturing jobs from 2016 to 2019. But these gains are exactly on par with gains across the entire economic recovery period from 2010 to 2019, during which 166,000 manufacturing jobs were gained each year, on average. The 2016–2019 gains did not represent an improvement over prior years in that decade, and even the decade’s overall gains had managed to restore only a fraction of the jobs lost in the prior decade. And recent years’ manufacturing gains were abruptly wiped out by the COVID-19 crisis—with a staggering 740,000 manufacturing jobs lost this year, as shown in Figure B ..."
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"If Trump’s trade policy really encouraged reshoring, America’s trade balance would have improved in the past three years. But the U.S. trade deficit in manufactured goods rose significantly between 2016 and 2019, as shown in Figure D. In fact, the real U.S. trade deficit has increased in every year since 2016, reducing GDP growth by roughly one-quarter of one percent annually over the past three years ..."
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"Beijing has also strategically adjusted to the Trump tariffs. China is simply exporting more goods elsewhere, and the U.S. trade deficit with China’s trading partners rose rapidly in 2019. In fact, China’s overall trade surplus with the world climbed significantly in 2019 ..." [SO MUCH FOR US TARIFF HURTING CHINA!]
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"Manufacturing job loss was a key issue for voters in the 2016 election.
Voters from manufacturing states have been hardest hit by growing trade deficits and failed trade and investment deals. In 2016, Donald Trump ran on a nationalist campaign platform, based in part on a critique of globalization that cited EPI research ... ... However, Trump’s policies have failed to stop offshoring or the erosion of the U.S. manufacturing base. ..."
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IF YOU HAVE SOME SOURCES TO BACK UP YOUR STATEMENT, PLEASE PROVIDE THEM TO US.
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Harming US farmers (many have gone bankrupt), doing NOTHING to help coal miners (unless you consider taking away their ACA healthcare is "help"), ... making no organized, planned effort to reshore old jobs and create new ones ... that's Trump.
manufacturing and mining are two different industries, right? I will construe your subject change as evidence that you do not disagree with the points in my post. Its nice to know that there is at least one Dem here with a little integrity. Very few Dems will admit that Biden is for sale, despite all of the evidence of self-dealing with foreign governments that is already in the public arena. Kudos to you for your honesty.
in Trump and Biden when it comes to doing business in China. Trump took his own money which he earned before running for President and invested and started businesses in China. Biden, on the other hand, had no money invest but will leave office with millions from China that he will receive simply for being President of the United States. Biden is for sale. That cat is out of the bag. He's going to be selling our jobs back to China, only this time he doesn't have to split the money with Obama.
in Trump and Biden when it comes to doing business in China. Trump took his own money which he earned before running for President and invested and started businesses in China.
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Trump kept a corporate bank account (an LLC owned 100% by Trump) in China that was never disclosed to the American public. While POTUS, the account received a windfall payment of $17 M. Trump took a cash payout of $15 M from that account.
http://economictimes.indiatimes.com/news/international/world-news/things-to-know-about-the-bidens-and-a-deal-in-china/articleshow/78866719.cms
Things to know about the Bidens and a deal in China.
"Synopsis: Joe Biden’s tax returns, which he has released, show no income from any such venture. There is nothing illegal about doing business in China or with Chinese partners; Trump long pursued deals in China, had a partnership with a government-controlled enterprise and maintained a corporate bank account there."
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"There is no evidence in the records that the elder Biden was involved in or profited from the [Hunter Biden] joint venture. ... Joe Biden’s tax returns, which he has released, show no income from any such venture. There is nothing illegal about doing business in China or with Chinese partners; Trump long pursued deals in China, had a partnership with a government-controlled enterprise and maintained a corporate bank account there. ..."
some of Trump's money was left to him by his father, then its not his? I said he invested his own money in China. The bank account in the name of the business is because you have to do business in the local currency (Chinese Yuan) just like foreign countries in the US must do their business in dollars. So you open a bank account and deposit your dollars, which are then converted to Yuan, and this is what you use to transact your daily business in that country until there is income in Yuan.
Its obvious you know little about foreign bank accounts. Accounts owned in the name of an individual must be disclosed on their tax returns. Those owned by corporations or other business entities who do business in that country do not need to disclose it. However, if the entity is publicly traded, it will often be included in the annual EDGAR filing. If its a wholly owned subsidiary, it may be more difficult to find. If its a privately held corporation or LLC, there are no public disclosures required. The public only has a RIGHT to know about publicly-traded companies.
I have owned offshore corporations since the 1980's and the way they are treated by the US government's taxing authority has not changed much in all of those years.
some of Trump's money was left to him by his father, then its not his? I said he invested his own money in China.
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TRUMP WAS PURSUING CHINESE "DEALS" BEFORE AND DURING HIS TIME AS POTUS. Were those deals (and others, e.g., a major Chinese State Bank renting space in Trump Tower (NYC) for over $1.5 M per year - already called into question as a violation of the emoluments clause; the sale of a Trump Tower unit to a Chinese bureaucrat for more than $5 M; etc.) related to anything Trump did as POTUS?
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"“President Trump will work from early in the morning until late in the evening. He will make many calls and have many meetings.”" How much of Trump's time as POTUS was spent pursuing his own business interests instead of dealing with issues of higher priority (Covid, perhaps?) to the American public? We know that Trump, AS POTUS, was always trying to drum up business for his properties (e.g., getting the British Open golf tournament at his Trump Turnberry golf course; getting the G7 Summit at his Doral Resort; etc..).
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And you still have not posted any links to articles or Gov data or any sources regarding your claims, above, e.g., "The Labor department was reporting the increases regularly after Trump took office and put his policies into place." Neither have you said specifically what the policies were that had the major impact on employment.
-- Modified on 1/22/2021 9:47:22 PM
Trump nominated people to run his businesses and manage his investments for him during his time in office. If he was doing anything illegal on that front, there would have already been a third impeachment. Wait and see what happens to Joe when the GOP retakes the house and Senate in 2022. Then you'll see the difference between legal and illegal foreign interests.
"Like all presidents before him ..."?? All President's before Trump first disclosed and then divested themselves of their financial interests using blind trusts, sell offs or other methods.
http://www.washingtonpost.com/news/wonk/wp/2016/11/15/ronald-reagan-did-it-george-h-w-bush-did-it-bill-clinton-did-it-george-w-bush-did-it-donald-trump-wont-do-it/
"For the past 40 years, every president and presidential candidate who has had anything other than the most vanilla of investment portfolios — Barack Obama, who had most of his money in Treasury bonds, fell into that category — has put or has promised to put their assets into a blind trust to prevent any kind of conflict of interest between what's good for the country and what's good for their retirement. This wasn't required by law, but it did seem like it was required by good governance. Donald Trump, though, has refused to entertain this even though he has a much more extensive and eclectic array of holdings that includes golf courses in the United Arab Emirates, skyscrapers in Turkey and condos in the Philippines. He has said his three adult children will run his business instead."
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UNLIKE all Presidents before him, Trump REFUSED to divest himself of his business interests but left them in the hands of Don Jr., Eric and Ivanka, "people to run his businesses and manage his investments for him." And as it is coming out, Trump did not even disclose his business interests, in particular, his FOREIGN business interests.
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It is known that Trump consistently pulled Jr.'s and Eric's strings (even composing the email for Jr. lying about the meeting with the Russians in Trump Tower). Trump maintained behind-the-scenes control of his businesses and had 1000s of conflicts of interest.
http://www.citizensforethics.org/reports-investigations/crew-reports/president-trumps-3400-conflicts-of-interest/
Trump nominated people to run his businesses and manage his investments for him during his time in office. If he was doing anything illegal on that front, there would have already been a third impeachment. Wait and see what happens to Joe when the GOP retakes the house and Senate in 2022. Then you'll see the difference between legal and illegal foreign interests.
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Did Trump have an ETHICAL obligation to disclose his Chinese bank account and the potential influence of his Chinese business dealings to influence his decisions to the American public? I say, ABSOLUTELY YES. What say you?
You can say the exact same thing regarding Stump's tax returns. He didn't have a legal obligation to release them as part of his bids for president, but he did have an ethical obligation to do so for the sake of transparency. Presidential candidates going back decades did so. Trumpolini did not, & everybody knows why. Who knows how many different foreign entanglements & corrupt dealings would be uncovered in them?
But his tax returns are on the way, as are the numerous indictments related to them.
"R.I.C.O." Suave, baby!!!
of their assets, they transfer them to a trust. Divestiture would require them to sell their family residence and then buy a new one when they leave the white house. They must just turn over active management to a trustee.
Are you saying Trump was soft on China because he had a bank account there? Does Joe have an ethical obligation to tell the American public what his personal stake is in the deals his son, Hunter, is making in China and other countries? What say you?
I wrote, "All President's before Trump first disclosed and then ***divested themselves of their financial interests*** using blind trusts, sell offs or other methods." Divestiture refers to getting rid of or separating from something, in this case the financial interests that can create conflicts of interest or other ethical problems. In order to do that, Presidents have used blind trusts; they have sold off assets (stock holdings, property, etc.); resign from boards or consultancies; etc..
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I did NOT more simplistically say, "divest themselves OF THEIR ASSETS" as you implied.
of their assets, they transfer them to a trust. Divestiture would require them to sell their family residence and then buy a new one when they leave the white house. They must just turn over active management to a trustee.
-- Modified on 1/24/2021 8:13:20 AM
my second paragraph?
it took you HOURS to come up with a weak copy of the abuse I have rained on you
Your hero, Laffy would be embarrassed for you
Yup, even that dumbass thinks you dumb
So all you've proved is you're too dumb to understand how the time codes work here.
Now, try not to drool all over your keyboard, Goober.
so he just yells, "No YOU!"
Gameless loser.
when someone shorted your momma a quarter
That’s was US farmers.
Trump tariffs only hurt US farmers and the stupid paid them off with what else ? - taxpayers money.
And you say “Labor department was reporting the increases regularly” ... increases in what? any source? Or you are posting as you get high on GaG’s fart!
US was net loser with Trump’s stupid tariff. Not an ounce of brain you have to understand that.
In the past 25 years jobs in manufacturing have been outsourced to many oversea companies, Mexico, China, India....etc. See Carrier and Harley Davidson
We honestly can't compete, as a profit to do the work here, it's simple, cheap labor is what it is...cheap.
Removing the tariff is a good thing. We had to price increase to make up for the trump tariff. Without going into much details, bottom line those cost went to the customer. With the tariff. it meant smaller orders. Now without the tariffs It allows me to be more competitive in my pricing, which means larger orders, which makes our companies hire more people to handle the larger volume coming in, it expands our hiring practice in logistics say in the ports, the transportations, the infrastructure of a company, so basically more people are needed, maybe not in the physical sense of hand labor but in a corporate sense.
It's a give and take, you lose in "labor" but you make up for it in "clerical".
And yes, there is a sense of relieve in China and here in America, especially here now that there may be someone in the Biden administration who gets it. These tariffs
There's more to this but God I spent more time on this then I should have......you gotta see the whole picture.
I know you have a hard on for Biden, I get it but you got to think more clearly and not because you're pissed.
word salad screed from someone who understands nothing
this infant NEVER disappoints!
is she swallowing something?
With his White vs, color, rich vs poor, and the whole status thing. But I would think or like to think he's smarter than this.
Just got to get him to get over this cultural thing, it ain't healthy.
what happens when we accept?
Do you think he remembers doing it?
race-baiters here how its really done. For me there is no color, just people. My office looks like the United Nations. For me, the "whole status thing" is smart vs stupid, not color, not economic status, and there is no way I can top the Libs for stupid, but I can sure fuck with their phony outrage over social issues, which only got worse under Obama. They improved under Trump. Trump got more people from minorities to vote for him this time than any Republican in recent history. Biden will continue to divide us based on race. The left can keep calling illegal aliens immigrants, but I will use the CORRECT terminology. That doesn't make me racist. It just makes me look smarter and more educated by using precise language. I'm surprised a slumlord would call out someone else for putting down other races. How's your investment working out with the freeze on evicting people who don't pay the rent? I'm fucking with you. You will get your day at the end of 2021. Those that are not current and have not repaid the 2020 rents that they missed may be kicked out. You might need a steel-toed boot. LOL
And believe it or not, my tenants haven't missed a payment yet, knock on wood...some have been late.
But I got you, I know your deal.
Again, nice rant but I've given you waaaaaay too much time, I see who I'm dealing with here.
Exactly!! That’s his only motive ...
You and your righty buddies never respond to that one. We don't know much about it, only that it existed in 2017 when then-President Trump took $15 million out of it.
We also know he made millions selling condos to Chinese oligarchs. And that Ivanka, shortly after she entered the White House, got several Chinese trademarks.
So try and deal with that while you're working about Biden.
just repeating the same lying bullshit
it's all this moron does
repeat lies
prove something
anything
They are still lies.
And you are a toxic ignoramus.
Soooo many synonyms for your lame ass.
Not to mention Kushner-Ivanka scheme to ‘easy’ sell green cards to Chinese money.
The drooling inbred had an imaginary convo with his imaginary friend in Hong Kong. I've always said: Nothing more effectively describes the geopolitical landscape than a manufactured anecdote. Why I was just talking to my buddy in Saskatchewan about this very thing two nights ago...