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European Union president trashes Trump as 'threat' [W:49]

Captain America said:
And, I suspect, my retirement funds. Still waiting for that shoe to drop. :roll:

Have a nice day. :2wave:
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I divested most of my stocks today - got into bonds. I suggest you do the same...
 
RickJames3000 said:
Speak for yourself and the rest of the Fifth Columnists.
There are a lot of people concerned over the influence Putin appears to have over Trump.
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Concern from whom? From the same long-haired types who've been parading their own Hammer-and-Sickle symbols for over half a century?

Interesting that you use the phrase "fifth columnists" - because your attitudes are the same as those who also used that phrase disparagingly.
 
Hawkeye10 said:
Corporations going bankrupt is not the nation going bankrupt, the assets are still around, getting passed to new owners.
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Customers are gone, jobs are gone, stocks are worthless, pensions gone, taxes aren't paid, nation can't pay debt, nation is bankrupt.
 
Hawkeye10 said:
Borrowing money is not "having money".
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The trade imbalance is almost entirely due to consumer purchases, so are you saying there is way too much consumer debt?
 
George50 said:
The trade imbalance is almost entirely due to consumer purchases, so are you saying there is way too much consumer debt?
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The government borrows the money and then spreads it around, juicing the economy.

You have been tricked into believing that the illusion of a decent economy is the real thing.

We are a debt addict, a bad one.
 
Hawkeye10 said:
The government borrows the money and then spreads it around, juicing the economy.

You have been tricked into believing that the illusion of a decent economy is the real thing.

We are a debt addict, a bad one.
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We do have too much debt, but unless you have a time machine you can't do anything about the existing level of the deficit or debt (sum of past deficits/surpluses). If you have an existing level of deficit, you can only work to reduce it by increasing revenues (taxes) and/or decreasing spending. Unfortunately, you can't just magically reset it to zero. Existing debt can only be reduced by having a surplus instead of a deficit.

When Obama took over from Bush he inherited a mess. Bush lowered taxes, increased spending and then we had the financial crisis. The economy was in the toilet and the deficit was running at 1413 billion per year. Through a combination of increasing tax rates primarily on those guys you said you don't like, reducing spending, and a steady increase in economic activity (which increases tax collections) the deficit is now running at 441 billion. That deficit is about 2.3% of GDP which compares to an average of 2 to 4% over many years and a 9.8% rate that Obama inherited from Bush.

Now if you look at what the congressional budget office projections are for the future, because of big tax cuts and big spending plans, the deficit is projected to climb every year until it's back up to 1408 billion per year in 2024 increasing the debt by another 10 TRILLION! So you should really like that!!!
 
Sweden said:
I would put it this way. The SEVEN EU Presidents are more akin to the Seven Dwarfs. Instead of Happy, Grumpy, Doc, Sleepy, Bashful, Sneezy and Dopey we have .... roll of 28 drums:

The President of the European Parliament
The President of the European Council
The President of the Council of Ministers
The President of the European Commission
The President of the European Court of Justice
The President of the European Central Bank
The President of the European Court of Auditors

These little men might 'trash' Trumps shoe laces but they cannot reach much higher than that. Anyway Grumpy and his six mates would have made a better job of running the failed monstrosity that is the EU.
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I forgot to mention that the USA has one President who is elected. While the EU has seven Presidents none of whom are elected.
 
Mac77 said:
Not all world leaders are going to like trump personally

But who cares?

They will respect him more than the spineless golfer in chief who talked tough but then backed down
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I don't like him either. But I do like what he is doing.
 
Grand Mal said:
Well, you're trying to claw them back from GE and GM, not Mexico and Canada.
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No, I'm worried about the jobs that have moved overseas regardless of the companies involved.
 
fmw said:
No, I'm worried about the jobs that have moved overseas regardless of the companies involved.
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My point is, it's the companies that moved them. Will tearing up a trade agreement and applying protectionist tariffs induce them to move back?
 
Grand Mal said:
My point is, it's the companies that moved them. Will tearing up a trade agreement and applying protectionist tariffs induce them to move back?
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Yes, if they can be competitive operating in the U.S. That is the whole point.
 
Grand Mal said:
My point is, it's the companies that moved them. Will tearing up a trade agreement and applying protectionist tariffs induce them to move back?
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There's a reason why they moved them. American workers are not competing with gm. They are competing with other workers for the same jobs. Tariffs need to be set correctly but they are meant to provide incentives for companies to use american workers. Unless you want smerican workers to live like impoverished like their Mexican counterparts, the american workforce will continually lose to the cheaper labor options.

Sent from my SM-G920P using Tapatalk
 
Grand Mal said:
My point is, it's the companies that moved them. Will tearing up a trade agreement and applying protectionist tariffs induce them to move back?
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Yes because america enjoys the luxury of being a very large consumer based economy. These companies want to sell us their products. The threat, as i see it, is if they move back and set up heavily automated systems that eliminates the need for all workers. That seems like where this is all headed.

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