yak651
Footballguy
I'm not sure if that is the proper word to use. He is good at building a brand which is key to being successful, but not sure if you can put him in that category overall in the business world.
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TRADE THREAD- President Trump signs Phase One of China agreement, China promises to double its purchases in 2020 (2 Viewers)
- Thread starter timschochet
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Extraordinary seems a bit generous. Successful I would grant... extraordinary, seems like it should be saved for ... well ... the truly extraordinary. He has a laundry list of failures and dubious ventures, and he is no way upper echelon in anything besides brand recognition.
I wouldn't even really say successful. Money begets money...it's easy building a brand when you have millions of $$$s to spend in my books
shader
Footballguy
Ok sure whatever. Word games I see. He’s a bigger success than anyone that any of us are likely to ever know or speak with.
shader
Footballguy
Well then you’re just biased and not thinking logically. No biggie, politics does it to many smart people.
hxperson
Footballguy
1. Trump could remove the tariffs by coming up with new deals that hit most of the points he has personally emphasized (zero trade deficit and greater border security) and call it a win. It wouldn’t be a win to someone like you but if he spins it well and sentiment is rallying, many could view it that way
2. Reported GDP will be much less important than how people are feeling about their wages, disposable income, overall wealth, etc by that point. We just saw, for the last 8 months (Aug 2018 - April 2019), the markets and key economic indicators crap out in the US and then get back to full risk on mode. Why do you suddenly believe it can’t happen again?
Word games. This is partially why things are such a mess. Words matter. Extraordinary has a definition, if you didn't mean it, don't use it. If you did mean it, you were incorrect.
Mystery Achiever
Footballguy
It seems like a lot of unchecked power to me, also, but he supposedly got a ruling from WH counsel. Chamber of Commerce and some business groups are look for options for legal challenge.
![[scooter]](/data/avatars/m/22/22287.jpg?1659477690){kind=avatar}
[scooter]
Footballguy
What deal are you talking about? We already negotiated a new NAFTA. If Trump blows that up then even his supporters will feel like he wasted their time. How do you think Trump is going to look when he says "We never should have signed NAFTA 2.0 because I forgot to account for illegals!"?
(And why would Mexico even want to re-negotiate NAFTA when they know that whatever Trump signs will be a worthless document that Trump could ignore anytime he felt like pulling another stunt? Mexico would be better off waiting until after the 2020 election.)
Democrats in Congress have no incentive to negotiate. Trump proved that with the shutdown stunt.
siffoin
Footballguy
Everything you need to know about Trump and his so called "business success" comes from this truth. It's true he loves golf! So why would 300 of the most successful business people in the world have systematically decided NOT to invite him into their club at Augusta National? Because he's not like one of them (actually successful).
hxperson
Footballguy
I already addressed NAFTA 2 in my original post. Of course that’s the win he is looking for here. If he doesn’t get that ratified though, he can pivot to a deal over border security with AMLO to resolve these latest tariffs and get the market moving when he needs it to.What deal are you talking about? We already negotiated a new NAFTA. If Trump blows that up then even his supporters will feel like he wasted their time. How do you think Trump is going to look when he says "We never should have signed NAFTA 2.0 because I forgot to account for illegals!"?
(And why would Mexico even want to re-negotiate NAFTA when they know that whatever Trump signs will be a worthless document that Trump could ignore anytime he felt like pulling another stunt? Mexico would be better off waiting until after the 2020 election.)
Democrats in Congress have no incentive to negotiate. Trump proved that with the shutdown stunt.
Yenrub
Footballguy
The Commish
Footballguy
soooooooo......
Nothing on either of these? Can't say I am surprised.
Tom Hagen
Footballguy
sho nuff
Footballguy
Backing up claims and answering questions seems to be out of style. I asked someone a few times and was told to pound sand. Good stuff.
Amused to Death
Footballguy
I'm going through it right now on FB with a Trump follower claiming Trump has been fantastic at negotiating world deals yet can't provide a single example (claimed a trade deal with North Korea!
) All bravado, no substance. Typical.James Daulton
Footballguy
Trump was born filthy rich with fantastic connections He was halfway home when he came out of the womb.
That said, he did make some smart real estate investments in NYC and he's fantastic at building his brand, so you can certainly say he's a successful businessman.
That said, he did make some smart real estate investments in NYC and he's fantastic at building his brand, so you can certainly say he's a successful businessman.
The Z Machine
Footballguy
I dunno man. I think he will try and then it'll be stayed by the courts. I'm no lawyer, but I can't see how this comports with WTO and NAFTA (or NAFTA2, electric boogaloo).
One of the ironies here is that the Administration is about to put Congress on the clock to ratify NAFTA2...
But, I think ultimately Trump is more bluster than substance here.
(As a side note - Trump himself seems to be doing everything he can to slow the economy, and he continues to push the Fed to lower its rates - makes me wonder if he has adjustable-interest-rate loans that are tied to one of the Fed Rates. Maybe congress can look into that.)
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Don't Noonan
Footballguy
Yes, let's start another sham of an investigation into Trump. This time maybe we will finally find something!
Yes, let's start another sham of an investigation into Trump. This time maybe we will finally find something!
. I don't think it needs to be a full-blown investigation - but it does kind of feel like this is information congress and the people should have.
hxperson
Footballguy
yeah sorry. As someone who is not American, nor living in America, you forget that the term "Your President" could mean something other than the guy who is currently occupying that position.
hxperson
Footballguy
The guy owns a ton of real estate. That's enough reason to be categorically in favor of low interest rates.
BobbyLayne
Footballguy
If Trump doesn't settle with China soon then China will choose to stall. The Chinese are playing with a different set of rules. No government officially will be losing their jobs or being replaced in 2020. Trump will be if he still can't get it done. China will see this as an opportunity to stall and have Trump be voted out. If he's not careful, he will totally get played.
msommer
Footballguy
Jeff Bezos has been extraordinarily successful. Steve Jobs was extraordinarily successful. Watren Buffett. Bill Gates. Catlos Slim.Mene said:
Donald Trump, of the failed casinos, steaks, vodka, airline, of the fraudulent university. Extraordinarily, persistently bad at everything excluding branding himself is more like it
The Commish
Footballguy
This is what they've been doing all along and precisely why the approach won't work long term. It's not even working short term. We talked about this specific thing really early in this thread as a prediction to future events.BobbyLayne said:
BobbyLayne
Footballguy
It's a salient point which shouldn't escape anyone who has carefully considered the expected ramifications of tariff policy. But the next time DJT gives thought to consequences will be a first.
The Z Machine
Footballguy
The Commish
Footballguy
I don't know what will be said but it would be maximum entertainment to hear something along the lines of "We're just going to wait this out until we have a rational person who understands today's economics to discuss this with".
2Squirrels1Nut
Footballguy
Henry Ford
Footballguy
Henry Ford
Footballguy
120 million head will be lost. If not for a trade war, farmers would be cleaning up on global meat prices and soybean prices (for soybean meal for livestock feed)
Gachi
Footballguy
Yeah, trump could have taken that 400 million his dad gave him and just been an investment guy. But he wanted to be more of a “brand” so he went the real estate route, which he was pretty mediocre in.
The branding actually did work out for Trump, but his bad business deals did not.
It wouldn’t surprise me if Trump has been cash poor the last 25 or so years.
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Defaulting on loans, renegotiating loans on real estate he paid too much for, inflating your assets to get loans, screwing contractors for less than what they were owed, deflating your assets to pay less property tax and winning occasional lawsuits (while losing most of them) is not what I call success. I call it screwing people, banks and companies.
https://www.vanityfair.com/news/2019/03/donald-trump-deutsche-bank-loans-lies
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Henry Ford
Footballguy
bigbottom
Footballguy
You would think American banks would be willing to loan money to extraordinarily successful American businessmen.
2Squirrels1Nut
Footballguy
siffoin
Footballguy
If I understand correctly: Tariff man tell us that trade wars are easy to win and we're this close to making a deal. But we don't have to make a deal because we have so much money streaming into our national coffers that we'll soon be out of our National debt. And that all the jobs that moved overseas are coming back in droves. Finally American businesses are seeing the light and coming home too. Believe him, China and Mexico are on their knees begging to make a deal.
We've become like Soviet citizens standing in a bread line reading the headlines of Pravda: "Record Russian Wheat Harvest!"
We've become like Soviet citizens standing in a bread line reading the headlines of Pravda: "Record Russian Wheat Harvest!"
2Squirrels1Nut
Footballguy
[scooter]
Footballguy
Henry Ford
Footballguy
Henry Ford
Footballguy
It appears, then, that his brand name as collateral is worth less than his liabilities. Else he wouldn’t be such a credit risk.
joffer
Footballguy
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