Credit Where Credit is Due: a shout out thread for Things Trump Did Right

[bilby]

Its China's industrial policy that Trump most wants to emulate.

China's industrial policy is to enslave the people of China for the benefit of the elite.

So you are probably right, but shouldn't support such a policy (unless you are a billionaire or an idiot).

 

[bilby]

He talks like a 4th grader but has a LOT of experience with bankruptcies

He has a LOT of experience causing bankruptcies, because he has the business savvy of a 4th grader.

 

[Swammerdami]

Its China's industrial policy that Trump most wants to emulate.

China's industrial policy is to enslave the people of China for the benefit of the elite.

Really? I see that the U.S. GINI is higher than China's. China's is about the same as Thailand's. (The U.S.-China comparison may tell us more about the U.S. than about China. Among "High Income" countries, only Panama, Guyana and Chile have higher GINIs than the U.S. --  List of countries by income inequality.)

Also comparing average income is useful when comparing GINI. China is now ahead of India, most of SE Asia and almost all of Africa for GDP (PPP) per capita. (If that does not impress, look at the data just a few decades ago.) China scores even higher on GDP (nominal) per capita, ahead of Malaysia, Serbia, Brazil.

Whatever its faults, China has made HUGE advances by several measures in recent years. -- Progress SO rapid that many older views of China are now obsolete.)

(Of course these comments are NOT to defend any particular Trump utterance.)

 

[Elixir]

I see that the U.S. GINI is higher than China's.

I think a lot of people would be surprised to learn that. It doesn’t contradict what bilby said tho - China's industrial policy is to enslave the people of China for the benefit of the elite.
So is America’s. Its bloated GINI is irrefutable evidence.

 

[Patooka]

He talks like a 4th grader but has a LOT of experience with bankruptcies

He has a LOT of experience causing bankruptcies, because he has the business savvy of a 4th grader.

It's probably more accurate to say RVonse is a billionaire groupie/enabler. For whatever reason, he fucking hates the middle class - particularly working families.

 

[Swammerdami]

The Triffin Dilemma

[*]The dilemma arises because a country needs to limit its money supply to maintain currency stability, but also increase the money supply to serve as a global reserve currency.

Note that Foreign Aid alleviates this problem in TWO ways.
(1) It is a way to deliver dollars overseas, thereby mitigating the reserve-currency "problem" with which you and Triffin are so concerned.
(2) Instead of dollars a great deal of foreign aid takes the form, directly or indirectly, of American production, especially food. (Many U.S. farmers have been badly hurt by the abrupt destruction of USAID.) This reduces the trade deficit and associated unemployment with which you and Triffin are so concerned.

The arguments that foreign aid is GOOD for the U.S. and specifically GOOD for addressing your so-called "Triffin Dilemma" is not some outlandish idea promulgated by crackpots on message-board or social media like Trump Social. It has been well-known for decades among thinkers with 100+ IQs. I forget -- tell us again where you got your PhD?

Glad to help. I'll spare you an @RVonse and not ask you to comment on the Musk Brain Trust and their proposed deletion of references to the Enola Gay.

Anyone can go bankrupt, I agree with you. The US had no trouble going bankrupt but it will take an expert (of bankruptcies) like Trump to recorver from it.

So Trump's six bankruptcies "are a feature not a bug." Wow! I suppose the frauds of Trump University, the Trump Foundation and the Trump Organization are also features: As a fraud expert he can reduce U.S. business fraud!

 

[Elixir]

Going bankrupt means other people are picking up the tab for your mistakes. Doing it repeatedly is serial fraud.

 

[unapologetic]

their proposed deletion of references to the Enola Gay.

The word 'gay' is no longer allowed in public discourse.

 

[Politesse]

Gay gay gay gay gay. There, I said it.

 

[RVonse]

So Trump's six bankruptcies "are a feature not a bug."

The bankruptcies themselves are not the feature. The experience gained going through six of them is.

 

[Toni]

On subject of the OP its early and remains to be seen. I think Trump is definitely performing according to campaign promises made to his voters so far. Will that help the country long term? I don't know. He already signed a ton of executive orders, going after border security, and auditing the government to get rid of waste most people don't find useful. He is doing so much so fast the other side is going nuts over Musk right now. There is another thread going into this but at least we have effort attempting to find out how to reduce government waste and spending now. For all the hate directed at Musk right now, he is showing us all how it is possible to do what everyone says is impossible (reducing government waste and fraud). He may not be able to cut the full $1 trillion like he pledged but if not at least he shows us that it can be done.

There is a lot of dust being kicked up right now. Just like when you renovate a house things also look the worst when you rip out tile and walls before you rebuild it better. It is hard to make something better without it looking worse first.

So I think it is too early to know whether Trump's early measures will yield any positive results but in fairness we should give him credit for going after campaign promises. Most early POTUS would not be this aggressive and that is why the country is in the state it is in. I could be wrong (and often times proven wrong here) but I believe Trump has already transported bad people who broke through our borders back to other countries they came from. That alone should be stabilizing our future in terms of criminal activity.

Re: giving Trump any credit for border policy is disingenuous: He tanked the bipartisan bill re: border security a year ago to give him something he could run on.

Trump is completely indiscriminate with regards to who he has deported, including legal status and criminality ( note that he welcomed the Tate brothers in the US) and whether the means by which people are removed are legal or humane.

 

[ZiprHead]

So Trump's six bankruptcies "are a feature not a bug."

The bankruptcies themselves are not the feature. The experience gained going through six of them is.

Aren't you the one clamoring for spending cuts to avoid bankruptcy???

 

[RVonse]

And the US is nowhere close to bankruptcy.

Tell that to all the seniors who are buying gold right now. I'm certainly not the only one who thinks the US is bankrupt either.

When I was younger, I can remember my grandparents putting their savings in the bank and investing in US bonds. They actually trusted the banks (being insured by the US) and the US bonds themselves. Now when I watch television shows that my then grandparents would have watched, every other advertisement is to buy gold from a dealer in order to insure their savings. This difference in the public's faith of the US treasury did not come from no where. And its not just the old generation who are worried. Many younger people are "prepping" and buying freeze dried food knowing they can eat in case of a huge hyper inflationary event. Even the billionaire class is affected by the US treasurey. They are out purchasing silos and retreats in other parts of the world.

 

[ZiprHead]

And the US is nowhere close to bankruptcy.

Tell that to all the seniors who are buying gold right now. I'm certainly not the only one who thinks the US is bankrupt either.

When I was younger, I can remember my grandparents putting their savings in the bank and investing in US bonds. They actually trusted the banks (being insured by the US) and the US bonds themselves. Now when I watch shows that my then grandparents would have watched, every other commercial is how to buy gold from a dealer to protect their savings. I don't think believe this difference in faith of the US treasury came no where. And its not just the old generation who are worried. Many younger people are "prepping" and buying freeze dried food so they know in case of a huge hyper inflationary event they can eat. Even the billionaires who should not be worried are worried when you see how they are buying silos and retreats in other parts of the world.

What the hell kind of TV are you watching??? This is the kind of advertising you will see on primarily conservative TV. It's not mainstream.

 

[RVonse]

So Trump's six bankruptcies "are a feature not a bug."

The bankruptcies themselves are not the feature. The experience gained going through six of them is.

Aren't you the one clamoring for spending cuts to avoid bankruptcy???

During Roosevelt's term, Joe Kennedy was chosen to

And the US is nowhere close to bankruptcy.

Tell that to all the seniors who are buying gold right now. I'm certainly not the only one who thinks the US is bankrupt either.

When I was younger, I can remember my grandparents putting their savings in the bank and investing in US bonds. They actually trusted the banks (being insured by the US) and the US bonds themselves. Now when I watch shows that my then grandparents would have watched, every other commercial is how to buy gold from a dealer to protect their savings. I don't think believe this difference in faith of the US treasury came no where. And its not just the old generation who are worried. Many younger people are "prepping" and buying freeze dried food so they know in case of a huge hyper inflationary event they can eat. Even the billionaires who should not be worried are worried when you see how they are buying silos and retreats in other parts of the world.

What the hell kind of TV are you watching??? This is the kind of advertising you will see on primarily conservative TV. It's not mainstream.

Over the air television in the St. Louis area market. The commercials for the shows my generation would be watching are either about drugs for old people or gold.

 

[ZiprHead]

So Trump's six bankruptcies "are a feature not a bug."

The bankruptcies themselves are not the feature. The experience gained going through six of them is.

Aren't you the one clamoring for spending cuts to avoid bankruptcy???

During Roosevelt's term, Joe Kennedy was chosen to

And the US is nowhere close to bankruptcy.

Tell that to all the seniors who are buying gold right now. I'm certainly not the only one who thinks the US is bankrupt either.

When I was younger, I can remember my grandparents putting their savings in the bank and investing in US bonds. They actually trusted the banks (being insured by the US) and the US bonds themselves. Now when I watch shows that my then grandparents would have watched, every other commercial is how to buy gold from a dealer to protect their savings. I don't think believe this difference in faith of the US treasury came no where. And its not just the old generation who are worried. Many younger people are "prepping" and buying freeze dried food so they know in case of a huge hyper inflationary event they can eat. Even the billionaires who should not be worried are worried when you see how they are buying silos and retreats in other parts of the world.

What the hell kind of TV are you watching??? This is the kind of advertising you will see on primarily conservative TV. It's not mainstream.

Over the air television in the St. Louis area market.

I have no idea what you are trying to say.

I wull say that seniors are very gullible to scammers, like the gold bugs.

Buy some physical gold. You have to pay the broker to buy it. You have to pay the broker to sell it. It earns absolutely 0% interest while you hold it.

It's a lousy investment, especially for the preppers, Gold will be worthless when the needs are food.

 

[laughing dog]

And the US is nowhere close to bankruptcy.

Tell that to all the seniors who are buying gold right now. I'm certainly not the only one who thinks the US is bankrupt either.

You do realize that believing something is true does not make it true.

As I pointed out, only 1/4 of the federal debt is owed to other countries. The rest is owed to ourselves.

 

[Patooka]

So Trump's six bankruptcies "are a feature not a bug."

The bankruptcies themselves are not the feature. The experience gained going through six of them is.

Doing the same thing over and over and yet expecting a different response? I wonder if there is a word for that...

That's right - MAGA.

 

[Swammerdami]

And the US is nowhere close to bankruptcy.

The quote tree here, and in RVonse's quote tree which I quoted, shows RVonse writing "And the US is nowhere close to bankruptcy."

Of course nobody, not even RVonse himself, believes that this was written by RVonse! My question to @RVonse is how did he let this bizarrely-corrupted quote tree pass? There are buttons labeled Preview and Edit. If this performance is indicative of your editing skill, it's no wonder you've been reluctant to link to your scholarly peer-reviewed articles on bankruptcies, the "Triffin Dilemma" and why Trump's fraud convictions make him an ideal candidate to fight fraud in government.

... Now when I watch television shows that my then grandparents would have watched, every other advertisement is to buy gold from a dealer in order to insure their savings....

Something so obvious that your economics professors may not have mentioned it is that when a huckster ADVERTISES his snake oil, it's because he'd rather that YOU buy it then that he drink it himself.

I'm not ashamed to admit that my savings include several ounces of gold. (It's a hedge, easy to buy, easy to sell.) But based on RVonse's enthusiasm I'm going to reconsider and perhaps SELL the gold!

 

[lostone]

I have a few ounces of gold, myself. I collect old coins and such, but in no way do I regard gold as a viable hedge against any collapse of the dollar. A few ounces might keep you going a few months, so hold your gold, but don't buy it by the pound, unless you want to freeze your assets. If our society were to collapse that totally, I'm not sure you'd be able to used gold (by the ounce) to buy groceries and such or that gold would ever become the prime method of payment in such a situation. Silver would, in my opinion, be a more likely unit of exchange, and even that might be unlikely if we fell into a barter society.

Gold is, IMO, too expensive to be used as a prime method of payment. Gold, currently being valued nearly $3,000 per ounce, would have to be cut into small pieces or ground into dust.