PGT: President-Elect Donald J Trump

[Senator Clay Davis]

This should more or less sum up where the orange goblin's head is at most days. And the first response of course brings the LOLs (maybe he should take credit for GNR instead? 33 spot jump!)

Parker Molloy ‏@ParkerMolloy 6h6 hours ago
Her album dropped 41 spots on the Billboard 200 since last week. @realDonaldTrump

https://twitter.com/realdonaldtrump/...18880731234304

[Senator Clay Davis]

He's such a big fan of "intelligence" that he keeps putting it in quotations to make it seem like he thinks it's fake. Also, why did it take 20 minutes to finish this thought? Stroke?

[Makarov]

^ just so disingenuous.

[direwolf]

I'm still trying to wrap my head around the fact that this assclown is actually going to be POTUS. It truly boggles the mind that we're living in this reality.

[photon]

He's yelling at Toyota building a plant in Mexico now. He does know Toyota is a Japanese company right?

I guess every company that makes anything outside of the US will get their turn.

I'd be surprised if shorting companies mentioned in Trump tweets isn't already a trading bot.

EDIT: Ryan says they'll defund Planned Parenthood at the same time they repeal the ACA.

So yeah the next 4 years will be entertaining, as long as you're male. Not so much if you're a woman who likes the heathcare PP provides.

[ernie]

Putting tariffs on domestically based companies to import goods they made elsewhere in the long run is simply going to lead to an outflow of those head offices and businesses. Some that have to stick around will...like the US based car companies as the US market is their major market. But in all sort of other industries the established guys will just jettison the US market or take the hit and move elsewhere. Then you'll fill the vacuum with locally run companies that produce an inferior product. Soon the US will be filled with their version of the Lada for every consumer product.

Well probably not, but in the end government actively over-threatening companies with tariffs and sanctions rarely works out.

Put a tariff on goods made in Mexico and China the companies move production to Argentina and Brazil. Put a tariff on those countries and they move to the next (and likely) lower cost alternative. Etc etc etc. There will almost always be a place that can manufacture the could cheaper such that the tariff has little effect. It may work short term as companies take time to pivot but it won't work long term. Meanwhile domestic consumer see increased inflation because the company sure as hell is going to pass the tariff onto the customer.

[opendoor]

Originally Posted by ernie

Putting tariffs on domestically based companies to import goods they made elsewhere in the long run is simply going to lead to an outflow of those head offices and businesses. Some that have to stick around will...like the US based car companies as the US market is their major market. But in all sort of other industries the established guys will just jettison the US market or take the hit and move elsewhere. Then you'll fill the vacuum with locally run companies that produce an inferior product. Soon the US will be filled with their version of the Lada for every consumer product.

Well probably not, but in the end government actively over-threatening companies with tariffs and sanctions rarely works out.

Put a tariff on goods made in Mexico and China the companies move production to Argentina and Brazil. Put a tariff on those countries and they move to the next (and likely) lower cost alternative. Etc etc etc. There will almost always be a place that can manufacture the could cheaper such that the tariff has little effect. It may work short term as companies take time to pivot but it won't work long term. Meanwhile domestic consumer see increased inflation because the company sure as hell is going to pass the tariff onto the customer.

I think something a lot of people supporting these tariffs seem to forget is that these products aren't just made for US consumption. They think that simply by adding a tariff to US bound goods that companies will bring production back the US, but that doesn't necessarily make a whole lot of sense if you're selling to a world market. Just using the iPhone as an example, less than half of their sales are in the US. If they move production to the US to avoid a tariff, then their production costs for 100% of their phones increases quite a bit which means lower profits across the board.

On the other hand, if they simply pay the tariff on their US bound goods, raise the price in the US to compensate, and continue to make their phones in China they'll be able to maintain their profit margins for the rest of the world (which makes up the majority of their sales) without having to raise prices. The end result is that US consumers see a huge jump in price and no jobs come back.

[Senator Clay Davis]

Toyota has 6 American plants, and in 2015 had the top two selling cars that are made entirely in America (Sienna and Camry). And the saddest thing is he's only going through the beginning of dementia. Imagine how ####ed in the head he's gonna be in 2018 when you factor in the immense stress and pressures of the job.

[accord1999]

Originally Posted by photon

He's yelling at Toyota building a plant in Mexico now. He does know Toyota is a Japanese company right?

Whose most profitable market is the US.

Not sure why people have issues with tariffs, the world isn't a free trade zone. Just for cars, Canada has ~6% tariffs on Japanese and European import, the US has a 2.5% tariff on cars made outside of NAFTA, Europe has a 10% tariff and China has a tariff of 25% in addition to requiring joint ventures for local assembly plants.

[Ducay]

Originally Posted by Senator Clay Davis

Toyota has 6 American plants, and in 2015 had the top two selling cars that are made entirely in America (Sienna and Camry). And the saddest thing is he's only going through the beginning of dementia. Imagine how ####ed in the head he's gonna be in 2018 when you factor in the immense stress and pressures of the job.

I love your schtick, but for the American people, how is trying to get more vehicles &/or plants built in America a bad thing? Even if all he does is build his case for renegotiating NAFTA, putting pressure on Toyoto, or putting pressure on Mexico - poiting out that a lot of American cars are being assembled in Mexico, its a smart move.

[Makarov]

Originally Posted by Ducay

I love your schtick, but for the American people, how is trying to get more vehicles &/or plants built in America a bad thing? Even if all he does is build his case for renegotiating NAFTA, putting pressure on Toyoto, or putting pressure on Mexico - poiting out that a lot of American cars are being assembled in Mexico, its a smart move.

Well, it may well lead to more expensive and/or poorer quality cars available to buy. That would be a bad thing, no?

[Ducay]

Originally Posted by Makarov

Well, it may well lead to more expensive and/or poorer quality cars available to buy. That would be a bad thing, no?

Trump isn't arguing for the affordability of the cars, which is obviously Mexico. Bringing a plant back to USA or adding a tariff via a renegotiated NAFTA is going to make it more expensive, yes. But that isn't his angle that is being sold. Its jobs and trade deals.

[Makarov]

Originally Posted by Ducay

Trump isn't arguing for the affordability of the cars, which is obviously Mexico. Bringing a plant back to USA or adding a tariff via a renegotiated NAFTA is going to make it more expensive, yes. But that isn't his angle that is being sold. Its jobs and trade deals.

If you're saying that it's good politics for Trump but acknowledge that it may well be bad policy for Americans, I can agree with that.

[Ducay]

Well its not black and white like that.

Bringing jobs and development back into the states can be a net positive, even if it adds $1,000 to the cost of a Focus or Corolla. Same thing with adding a tariff on NAFTA imported vehicles. It could also be a net negative, I can't really say.

In reality is all a complex system of interconnected policies and global economies that is hard to predict the full impact on a global and macro scale.

[Lanny_McDonald]

Originally Posted by Ducay

I love your schtick, but for the American people, how is trying to get more vehicles &/or plants built in America a bad thing? Even if all he does is build his case for renegotiating NAFTA, putting pressure on Toyoto, or putting pressure on Mexico - poiting out that a lot of American cars are being assembled in Mexico, its a smart move.

How is bringing those jobs back to the US going to do anything? The cars are built in Mexico where employees are paid pennies on the dollar and with little to no benefits. How much are prices going to rise when you have to increase HR costs through the roof? Trump doesn't get it. Once those jobs are gone, they are gone for good. They are moved because the local economy cannot sustain those jobs. If the US wants to get back into manufacturing they need a new industry that no one else does and they can dominate for the short term. Trump is only marginally smarter than his supporters, and Trump himself is a complete idiot.

[Hack&Lube]

This is just the natural course of developed nations. China itself is now losing factories to Vietnam and Chinese factories are themselves importing laborers from Vietnam who are cheaper than local Chinese workers who are expecting higher wages, etc. Manufacturing won't bring prosperity unless you artificially protect or over-regulate those industries out of being competitive with the global economy.

[photon]

Originally Posted by accord1999

Whose most profitable market is the US.

25% of the world's auto market is the US, Toyota knows that.

But it's still not a US company, and they're not moving any jobs out of the US with this factory, it just means some percentage of Corollas sold in the US (like 20% level from what I can find) will come from Mexico instead of coming from Canada. The rest of the Corollas sold in the US will still be made in the US.

I'm not against tariffs per se, just don't see why all of a sudden Toyota is all of a sudden in the cross hairs for something that was announced since at least last year and that has no new impact on the US.

[Makarov]

Originally Posted by Ducay

Well its not black and white like that.

Bringing jobs and development back into the states can be a net positive, even if it adds $1,000 to the cost of a Focus or Corolla. Same thing with adding a tariff on NAFTA imported vehicles. It could also be a net negative, I can't really say.

In reality is all a complex system of interconnected policies and global economies that is hard to predict the full impact on a global and macro scale.

Just for the record, I posted "may be bad policy".

[Wormius]

I get the distinct impression that Trump is somehow profiting from these Twitter outbursts. Anybody know if he's shorting Toyota or Boeing stocks?

[wittynickname]

Originally Posted by photon

He's yelling at Toyota building a plant in Mexico now. He does know Toyota is a Japanese company right?

I guess every company that makes anything outside of the US will get their turn.

I'd be surprised if shorting companies mentioned in Trump tweets isn't already a trading bot.

EDIT: Ryan says they'll defund Planned Parenthood at the same time they repeal the ACA.

So yeah the next 4 years will be entertaining, as long as you're male. Not so much if you're a woman who likes the heathcare PP provides.

So basically we're going to kill funding to Planned Parenthood--which won't affect abortion rates, because federal funding is prohibited from being used for abortions. Instead it affects access that low income women have to annual checkups, cancer screenings, breast exams, STD testing, low- or no- cost birth control. Meanwhile, those same low income women who were depending on the ACA and its subsidies to afford health insurance will lose that insurance. At the same time, more and more states are pushing for stricter and stricter anti-abortion policies.

So by the time Trump's first (and God willing only) four years are up, we'll have a bunch of unhealthy women with unhealthy, unplanned children who they can't afford to feed or clothe or take to the pediatrician, who are bound for painfully underfunded schools.

But Toyota will make a few more Corollas here so it'll be fine!