All Things Trump: Is it over yet?

[Sean Hayden]

FBI ranking ‘Black Identity extremists’ as bigger threat than white supremacists ignores the real problem

Just google it, I can't be arsed.

What irked me most was to keep reading the phrase "perceived racism" as though the extremists don't have a legitimate grievance.

--man I gotta get that boat

[Brian Peacock]

Apparently the head of the US's central bank is a bigger enemy of the people that the Chinese.

[Tero]

He is now ordering companies to make shit for us.

[JimC]

Am I wrong in perceiving that his level of derangement has markedly increased in the last few weeks?

[Brian Peacock]

Am I wrong in perceiving that his level of derangement has markedly increased in the last few weeks?

I think that's pretty OBVIOUS by his 4chanesque use of INAPPROPRIATE capitalisation that actually only makes him SOUND like a HOBO shouting at TRAFFIC on a SLIP ROAD!

[Brian Peacock]

He's got a point though - kinda. The mid-Western factory worker who was earning $30 ph + benefits as an skilled electrician in the 90s saw his firm up stick and outsource their job to Texas in the mid-90s. The governor said that they were going to retrain the workforce as computer programmers, but apparently the governor preferred the pecuniary transfers of tax cuts rather the skills transfers of retraining, so the guy ended up working in a call center for $15 ph + some benefits. Then in the 2000s that firm outsourced its jobs to India, and with his wages falling every year, his credit limit maxed, his kids in escalating student debt, and his wife working two part-time jobs the guy found himself working for the biggest employer in the US - Walmart, at $7.25 ph + no benefits other than a snazzy uniform.

The thing is, it's not China, or India, or Mexico, or immigration, or Muslims, or Black Lives Matter, or Antifa, that caused household income for the bottom 60% of the US workforce to barely rise in real terms since 1980, it's good old home-grown American firms simply taking advantage of an internationalised labour market to boost profits, bolster share prices, and generate humongous wage hikes and lottery-sized bonuses for CEOs and company directors.

It wasn't China that killed the beast - it was Capitalism, plain and simple.

[Tero]

Yeah but the guy is a "contractor" now: mowing, roofing, handy-maning. Sprinkler repair (75 dollars per visit).

[Tero]

[Brian Peacock]

Cruel, but fair.

[Tero]

Administration officials have scrambled this week to assemble a menu of actions Trump could take to avert an economic downturn. Few aides have a firm sense of what steps he would seriously consider, in part because he keeps changing his mind.
(And making outragous claims)

[JimC]

I guess you could consider it an exercise in determining whether useful outcomes can emerge from random decision making...

[Tero]

[Brian Peacock]

LOLz

[Tero]

Not sure what the destructive habits are! It has mostly to do with wages!
"Only by applying pressure will China be motivated to change its destructive trade habits."
https://www.cnn.com/2019/08/15/perspect ... index.html

[Brian Peacock]

70% of global transactions are in $USD. The problem is systemic - the system is destructive to itself.