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Tags donald trump , Trump administration , Trump controversies

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Old 14th May 2019, 08:02 PM   #1481
phiwum
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Originally Posted by Fast Eddie B View Post
“This has been proven recently when only 4 points were paid by the U.S., 21 points by China because China subsidizes product to such a large degree.”

Can anyone tell me what “points” he might be referring to?
I think that he's saying the Chinese are lowing prices enough so that price + tariff ends up being only 4% more than the pre-tariff prices and that the reason they can do this is because the Chinese government is paying their companies the difference.

I mean, it sounds like pure fantasy to me, but it's comprehensible fantasy.
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Old 14th May 2019, 08:48 PM   #1482
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Originally Posted by phiwum View Post
I think that he's saying the Chinese are lowing prices enough so that price + tariff ends up being only 4% more than the pre-tariff prices and that the reason they can do this is because the Chinese government is paying their companies the difference.

I mean, it sounds like pure fantasy to me, but it's comprehensible fantasy.
So by "we" he means his administration is doing well. Americans have found their prices of Chinese imports have risen by at least 4% which they are paying as a tax to the Trump administration.
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Old 14th May 2019, 10:16 PM   #1483
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Originally Posted by Horatius View Post
Man, can you imagine how Pence must feel when he hears something like that?
Ask Jimmy Carter. He'll know.
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Old 15th May 2019, 01:43 AM   #1484
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Trump Retweeted Eric Trump replying to a Tweet from NYC Mayor

Eric Trump
‏Verified account
@EricTrump
Spare me? First you have never created a job in your life. Second, our great city has gone to **** under your leadership. Crime is up, the men & women of the NYPD detest you, homelessness is rampant, our streets are dirty and people are leaving our city in record numbers

(This was a reply to this exchange)

Eric Trump
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@EricTrump
The fact that the Mayor of a major city would attack an iconic organization (which employs thousands of hardworking New York taxpayers) for his own political gain is an abuse of power, unethical and simply counterintuitive.

Mayor Bill de Blasio
Verified account
@NYCMayor
Spare me. You and your dad have spent decades evading taxes and stiffing your workers.
NYC’s Green New Deal is one law the Trumps won’t get away with breaking
Fix your buildings or pay the price.

Last edited by Captain_Swoop; 15th May 2019 at 01:46 AM.
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Old 15th May 2019, 03:26 AM   #1485
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Originally Posted by Bob001 View Post
Trump opposes land for Indian casino that would compete with his:


https://www.washingtonpost.com/polit...=.96ab34c5e82b
I don't think that Trump has any casinos in this area or, indeed, any casinos at all. This is about competition with casinos which have "strong ties" to Trump. I don't know that Trump has any financial interest in Twin Rivers.
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Old 15th May 2019, 03:33 AM   #1486
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Originally Posted by Captain_Swoop View Post
Trump Retweeted Eric Trump replying to a Tweet from NYC Mayor

Eric Trump
‏Verified account
@EricTrump
Spare me? First you have never created a job in your life. Second, our great city has gone to **** under your leadership. Crime is up, the men & women of the NYPD detest you, homelessness is rampant, our streets are dirty and people are leaving our city in record numbers

(This was a reply to this exchange)

Eric Trump
‏Verified account
@EricTrump
The fact that the Mayor of a major city would attack an iconic organization (which employs thousands of hardworking New York taxpayers) for his own political gain is an abuse of power, unethical and simply counterintuitive.

Mayor Bill de Blasio
Verified account
@NYCMayor
Spare me. You and your dad have spent decades evading taxes and stiffing your workers.
NYC’s Green New Deal is one law the Trumps won’t get away with breaking
Fix your buildings or pay the price.
Awww! There go my hopes for a big Trumpariffic Rally in Madison Square Garden. (Can anyone seriously believe the RNC claimed to be considering NYC as the 2020 RNC site?)

Maybe we can get Chris Christie into NYC as Advisor Emeritus Without Portfolio. "Time to make some traffic", indeed.
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Old 15th May 2019, 03:39 AM   #1487
phiwum
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Originally Posted by a_unique_person View Post
So by "we" he means his administration is doing well. Americans have found their prices of Chinese imports have risen by at least 4% which they are paying as a tax to the Trump administration.
I suppose the 4% increase in cost would lead to some increase in buying American and hence American profits and employment. But if China is really subsidizing their manufacturers in order to keep prices the same, then the tariffs aren't doing what they're supposed to do, namely make American goods more competitive.
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Old 15th May 2019, 04:11 AM   #1488
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Originally Posted by phiwum View Post
I think that he's saying the Chinese are lowing prices enough so that price + tariff ends up being only 4% more than the pre-tariff prices and that the reason they can do this is because the Chinese government is paying their companies the difference.
Thanks. That sounds like a feasible explanation.

1) Recent surveys showed a majority of Americans cannot come up with $400 to cover an emergency. Even a 4% increase in the cost of goods is not nothing, and certainly will only exacerbate that situation. Not to mention being de facto inflationary.

2) “I think that he’s saying...” might be one of the most oft-repeated sentiments by Conway, Sanders, Giuliani, et al. Just blurt out or tweet the first, nebulous, unformed thought that comes to mind, then rely on your cronies to parse out all the things you might have meant. Sad.
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Old 15th May 2019, 04:52 AM   #1489
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Originally Posted by phiwum View Post
I suppose the 4% increase in cost would lead to some increase in buying American and hence American profits and employment. But if China is really subsidizing their manufacturers in order to keep prices the same, then the tariffs aren't doing what they're supposed to do, namely make American goods more competitive.


But if the costs have gone up, it also means that the American producers have raised their prices as well.

The whole point of the tariffs is that US costs to produce are higher, and so they have to artificially raise the Chinese costs to make the US competitive. If the US is competitive after only a 4% rise in prices, they probably didn't really need the help in the first place. So if prices have only gone up 4%, then the American producers have probably also sucked up some of the costs.

It's a very complicated topic, which means Trump basically has zero chance of actually understanding what he's doing.
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Old 15th May 2019, 05:18 AM   #1490
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Originally Posted by dudalb View Post
As expected, CHina struck back with a 25% tariff on many American goods.
What Trump does not get is that CHina is just too big for him to push around or intimidate.
Regardless, it may turn out that the US is just too big of a market for China to beat in this trade war.
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Old 15th May 2019, 05:41 AM   #1491
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Originally Posted by Captain_Swoop View Post
Trump Tweets

The golden era of American energy is now underway!

With incredible grit, skill, and pride, the 7,000 workers here at Sempra Energy are helping lead the American Energy Revolution. They are not only making our nation WEALTHIER but they are making America SAFER by building a future of American Energy INDEPENDENCE!

Sempra Energy is a natural gas company. I guess he's moved on from coal then.
They also paid $787 million after charges of price gouging and supply manipulation, so they're his kind of company.
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Old 15th May 2019, 06:16 AM   #1492
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Originally Posted by lobosrul5 View Post
Why do you think investment capital is flowing out of China and into the USA?

https://www.cnbc.com/2019/05/08/vent...nvestment.html

Trade is not investment. Or do you mean a trade war will hurt US investors because China imposing tariffs on the US will hurt US investors in China. That is definitely true.
Trade deficits/surplus are a major component of countries Balance of Payments, and BoP is zero sum. If you have money flowing out to pay for trade goods you have to have the same amount flowing back in someplace else, it can’t not happen.

If you have a current account deficit resulting from trade, which the US does, you must have a corresponding surplus in Capital and Financial accounts, which are primarily investment.

https://www.investopedia.com/terms/b/bop.asp

Quote:
The balance of payments divides transactions in two accounts: the current account and the capital account. Sometimes the capital account is called the financial account, with a separate, usually very small, capital account listed separately. The current account includes transactions in goods, services, investment income and current transfers. The capital account, broadly defined, includes transactions in financial instruments and central bank reserves.
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Old 15th May 2019, 07:47 AM   #1493
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The USA has made the choice to make it harder for other countries to do business with them.

Perhaps it's time for all other countries on the planet to grant the USA their wish... going it alone. Stop selling your goods to them and find new customers elsewhere instead. Problem solved.

Far too many countries have gotten used to the huge US consumer market over the past several decades... US consumers love to buy 'stuff' therefore making them an easy customer base for companies around the world to sell their wares to.

That romance is now coming to an end.

Time for all these other countries to come up with a new, more stable business strategy. The US is no longer a steady, balanced entity to deal with... and by the looks of things, won't be for a very long time into the foreseeable future.

Time to jump from the USS Titanic before it takes you down with it.
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Old 15th May 2019, 08:05 AM   #1494
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Significant parts of the US economy have moved into a post-border location: because of the tax havens, the internet giants and their trade don't even appear on the balance sheet.

China is special in that it won't allow its companies to do that.
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Old 15th May 2019, 08:17 AM   #1495
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Conman-in-chief has convinced 85% of Republicans he is a good businessman.
https://www.politico.com/story/2019/...s-poll-1322650
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Old 15th May 2019, 08:21 AM   #1496
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Originally Posted by lomiller View Post
Trade deficits/surplus are a major component of countries Balance of Payments, and BoP is zero sum. If you have money flowing out to pay for trade goods you have to have the same amount flowing back in someplace else, it can’t not happen.

If you have a current account deficit resulting from trade, which the US does, you must have a corresponding surplus in Capital and Financial accounts, which are primarily investment.

https://www.investopedia.com/terms/b/bop.asp
I don't think that means quite what you think it does. Say the USA and China just completely stop trading with each other tomorrow. China loses ~$500 billion of capital inflows, the USA loses ~$180 billion in capital inflows. Which country is worse off? China. Both countries economies will shrink, that's a recession. Of course it won't be by $500/$180 billion since both countries will find buyers for their goods/services/materials elsewhere but given a now smaller international market to sell to, (ie for the USA its now the world minus China) they will both get less for them.

Last edited by lobosrul5; 15th May 2019 at 08:22 AM.
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Old 15th May 2019, 08:40 AM   #1497
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Originally Posted by lobosrul5 View Post
I don't think that means quite what you think it does. Say the USA and China just completely stop trading with each other tomorrow. China loses ~$500 billion of capital inflows, the USA loses ~$180 billion in capital inflows. Which country is worse off? China. Both countries economies will shrink, that's a recession. Of course it won't be by $500/$180 billion since both countries will find buyers for their goods/services/materials elsewhere but given a now smaller international market to sell to, (ie for the USA its now the world minus China) they will both get less for them.
True, China does lose the majority of capital inflow. On the other hand, they will probably find it easier to find new markets for its products. The U.S. (with Mr. "Trade Wars are easy to win" in charge) is in the process of burning all its bridges and poisoning relations with all its neighbors. That will make it harder for the U.S. to find others to trade with to make up for the loss of the Chinese market.

Granted both countries would still suffer (and probably end up with a recession in both.)
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Old 15th May 2019, 09:13 AM   #1498
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Originally Posted by Segnosaur View Post
True, China does lose the majority of capital inflow. On the other hand, they will probably find it easier to find new markets for its products. The U.S. (with Mr. "Trade Wars are easy to win" in charge) is in the process of burning all its bridges and poisoning relations with all its neighbors. That will make it harder for the U.S. to find others to trade with to make up for the loss of the Chinese market.

Granted both countries would still suffer (and probably end up with a recession in both.)

Too true.

Inflation, stagnant wages, the weakening power of the 'dollar' has left most people with no choice but to shop around for lower priced goods and services.

People will buy the $0.50 can of beans over the $1.50 can of beans at the grocery store because it means they'll get three cans for the same price as one. Which translates to more food on the table for their family.

Penny-pinching is no longer an option for most people these days, it's become a day to day necessity in order for them to make it from one paycheque to the next.
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Old 15th May 2019, 10:51 AM   #1499
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Originally Posted by The Great Zaganza View Post
Significant parts of the US economy have moved into a post-border location: because of the tax havens, the internet giants and their trade don't even appear on the balance sheet.

China is special in that it won't allow its companies to do that.
...is that good for China or the US?
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Old 15th May 2019, 10:53 AM   #1500
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Originally Posted by Belz... View Post
...is that good for China or the US?
Neither, unless the US finds a way to tax them.
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Old 15th May 2019, 11:02 AM   #1501
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Originally Posted by lobosrul5 View Post
I don't think that means quite what you think it does. Say the USA and China just completely stop trading with each other tomorrow. China loses ~$500 billion of capital inflows, the USA loses ~$180 billion in capital inflows. Which country is worse off? China. Both countries economies will shrink, that's a recession. Of course it won't be by $500/$180 billion since both countries will find buyers for their goods/services/materials elsewhere but given a now smaller international market to sell to, (ie for the USA its now the world minus China) they will both get less for them.
All capital flows in and out of a country sum to zero so the situation you are describing can’t really exist.

USD do not really leave the US when the US purchases Chinese products. Chinese companies are not paid in USD for the products they sell to the US, they are paid in Yuan. When the payment takes place, USD from the importer are traded for CNY which is paid to the supplier. For this to happen someone else must be willing to receive USD in exchange for CNY. Currency trading and currency reserves aside, the only reasons to do this are to a) buy US products, which doesn't apply here on b) People who own CNY and want to invest money in the US.

In practice, all these tariffs really do is put downward pressure on the Yuan and upward pressure on the USD making Chinese exports more attractive to the rest of the world and US exports less attractive to the rest of the world so neither countries trade balance change much.
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Old 15th May 2019, 11:36 AM   #1502
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Originally Posted by Belz... View Post
Regardless, it may turn out that the US is just too big of a market for China to beat in this trade war.
The Chinese government has one huge advantage though: It does not have to worry about public opinion or elections and thus can endure ecomomic pain for a lot longer then any US Government can.
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Old 15th May 2019, 11:46 AM   #1503
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Trump Retweeted

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Very proud of @realDonaldTrump - he is going an amazing job!

Trump Average Approval Ratings Skyrocket To Highest Point In Years - The Daily Caller
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Old 15th May 2019, 11:47 AM   #1504
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Trump Tweets

Thank you Joe and remember, the BRAIN is much sharper also!Donald J. Trump added,


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Scarborough: @realDonaldTrump looks '20 years younger than a lot of democratic candidates' https://washex.am/2LTLn2i
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Old 15th May 2019, 11:49 AM   #1505
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Trump Tweets

The courage & sacrifice of our heroes is the reason our flag stands tall, our hearts beat with pride, and our Country remains one people, one family, and one NATION UNDER GOD. Today, we thank you, we honor you, & we forever cherish the memory of our Fallen Men and Women in Blue!

We stand firmly, strongly, and proudly with the incredible men and women of law enforcement. You do not hear it nearly enough, but Americans across this Country love you, support you, and respect you more than you could possibly know!

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Old 15th May 2019, 11:56 AM   #1506
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I see Donnie's in his happy place: tweets feeding his ego.

Sheesh. When someone has to retweet his own son and someone praising his younger looks...
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Old 15th May 2019, 01:19 PM   #1507
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Originally Posted by Stacyhs View Post
I see Donnie's in his happy place: tweets feeding his ego.
I would have thought the important point in all of it is Trump's approval rating.

He's going to be re-elected, so it'll be interesting to see how many continuations this thread goes through before he finishes up to hand over to Ivanka in 2024.

The entire world is repulsed by him, apart from American voters.

You truly have the president you deserve.
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Old 15th May 2019, 01:46 PM   #1508
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https://projects.fivethirtyeight.com...roval-ratings/
52.8 % disapprove, 41.9% approve according to 538
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Old 15th May 2019, 01:47 PM   #1509
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Originally Posted by The Atheist View Post
I would have thought the important point in all of it is Trump's approval rating.

He's going to be re-elected, so it'll be interesting to see how many continuations this thread goes through before he finishes up to hand over to Ivanka in 2024.

The entire world is repulsed by him, apart from American voters.

You truly have the president you deserve.
His approval rating according to 538 is 41 approve, 52 disapprove. That, somehow, translates into, not only, his own re-election but that of his daughter?

That makes sense I guess.

The bulk of Americans are repulsed by him as well, including the bulk of people around here. I guess your statement just seems to lack in factual basis.

ETA: Quasi-ninj'd
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Old 15th May 2019, 01:52 PM   #1510
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Originally Posted by lobosrul5 View Post
I don't think that means quite what you think it does. Say the USA and China just completely stop trading with each other tomorrow. China loses ~$500 billion of capital inflows, the USA loses ~$180 billion in capital inflows. Which country is worse off? China.
Not necessarily. You forget (as does Trump) that the USA is not just throwing money at China. In return for its $500 billion, it gets goods.

Let's say, hypothetically, that all of the goods the USA gets from China are steel. In this scenario, the US manufacturers who were buying Chinese steel will have to source it from elsewhere at a higher cost. This means they are being squeezed from two directions: the loss of a $180 billion market and an increase in raw material costs. Chinese manufacturers, on the other hand, have an extra $180 billion demand thanks to the loss of American suppliers, plus they have access to an enormous steel glut which lowers their costs. It's still not good for either country, but America suffers worse.

I'm not saying that the above situation is what actually pertains, but it is somewhat simplistic to claim that China will be worse off just because the money flows towards them.
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Old 15th May 2019, 02:01 PM   #1511
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Originally Posted by plague311 View Post
His approval rating according to 538 is 41 approve, 52 disapprove. That, somehow, translates into, not only, his own re-election but that of his daughter?

That makes sense I guess.

The bulk of Americans are repulsed by him as well, including the bulk of people around here. I guess your statement just seems to lack in factual basis.

ETA: Quasi-ninj'd
The bulk of Americans were repulsed by him at the last election too, but thanks to the electoral college and a carefully targeted campaign (or perhaps a serendipitously targeted campaign) Trump is the president.

Excuse me for not being totally confident that he will lose in 2020.
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Old 15th May 2019, 02:07 PM   #1512
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Originally Posted by jeremyp View Post
The bulk of Americans were repulsed by him at the last election too, but thanks to the electoral college and a carefully targeted campaign (or perhaps a serendipitously targeted campaign) Trump is the president.

Excuse me for not being totally confident that he will lose in 2020.
Nobody should be totally confident he'll lose in 2020. The chance of him winning is extremely real.

That being said, I do believe that a lot of the "give him a shot" type of people will either stay home or flip to the other side. I hope that's enough.

We've learned a lot since then, I'm hoping Americans are more intelligent now. Knowing that's not true.
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Old 15th May 2019, 02:13 PM   #1513
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trump Tweets

The Fake News Washington Post, and even more Fake News New York Times, are writing stories that there is infighting with respect to my strong policy in the Middle East. There is no infighting whatsoever....

....Different opinions are expressed and I make a decisive and final decision - it is a very simple process. All sides, views, and policies are covered. I’m sure that Iran will want to talk soon.
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Old 15th May 2019, 02:23 PM   #1514
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He's seen piles of dead bald eagles under windmills. He's also seen people jumping from the WTC and thousands of celebrating Muslims.
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Old 15th May 2019, 02:30 PM   #1515
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I did not want to learn uploading pics here. But I put some Trump tweets about Iran and Obama at this thread of my (almost dead) Finnish forum, top of page:
https://www.etusivu.net/viestitaulu/...utukset.25608/
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Old 15th May 2019, 02:37 PM   #1516
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President Donald Trump has declared a national emergency to protect US computer networks from "foreign adversaries".

The president signed an executive order effectively barring US companies from using foreign telecoms believed to pose a security risk to the country.

Mr Trump does not name any company specifically in the order.


https://www.bbc.co.uk/news/world-us-canada-48289550
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Old 15th May 2019, 03:11 PM   #1517
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The Trump Administration would like your email to solicit donations.
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Old 15th May 2019, 05:05 PM   #1518
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Originally Posted by Trebuchet View Post
He's seen piles of dead bald eagles under windmills. He's also seen people jumping from the WTC and thousands of celebrating Muslims.
According to Wikipedia, domestic cats (most "unowned") kill 1.3 billion to 3.7 billion birds each year in the U.S.

Meanwhile, according to the Audubon Society, wind turbines kill an estimated 140,000 to 328,000 birds each year in North America.

According to The Guardian, at least 100 million and maybe as many as a billion birds die each year in the US when they collide with buildings, especially glass-covered or illuminated skyscrapers.

"Aldous J. Pennyfarthing" (can that be a real name?) blogged about Trump's claim, but does not include that kind of context. Rather than just mocking Trump, I think it would be useful to put things into perspective for readers. It may be possible to educate a few people here or there.

It's one of my many editorial pet peeves ...

I know debunking Trump is an arduous and perhaps thankless task, but share those figures if a Trump supporter makes a claim about piles of bald eagles under windmills.
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Old 15th May 2019, 05:10 PM   #1519
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Originally Posted by Captain_Swoop View Post
President Donald Trump has declared a national emergency to protect US computer networks from "foreign adversaries".

The president signed an executive order effectively barring US companies from using foreign telecoms believed to pose a security risk to the country.

Mr Trump does not name any company specifically in the order.
So how the hell are people supposed to know which equipment they can use? I find it slightly encouraging that Trump is even aware that we have "foreign adversaries." Who does he figure qualifies? France?
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Old 15th May 2019, 05:43 PM   #1520
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Originally Posted by Minoosh View Post
So how the hell are people supposed to know which equipment they can use? I find it slightly encouraging that Trump is even aware that we have "foreign adversaries." Who does he figure qualifies? France?


I'm going to bet that about 90% of his effort will be directed at Huawei.
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