A Good Sign?

Nov 2012
22,986
5,052
Gamma Solaris
#31
Then I challenge you to show me where and when any tariffs have had a long term benefit.

And I am constantly amazed that you continue to claim support for fiscal conservativism but support a guy who has declared bankruptcy four times. I also notice that though his creditors and most likely his investors lost big, he himself continued to make out like a bandit.
Here ya go. Trump NEVER filed for personal bankruptcy. Corporations for which he was a co-director did, however...through a restructuring move. This saved the jobs and kept the businesses running. There are some strong parallels with the looming Chinese debt crisis. Some of the legals follow...and I hope I found a neutrally-balanced link:

How is Donald Trump Able to File for Bankruptcy So Many Times?
 

imaginethat

Forum Staff
Oct 2010
68,117
27,934
Colorado
#32
...Its probably a premium to the Ukrainians too...Since you have firsthand experience I'll bow to your experience...:grin:
Some, maybe most, Ukrainians have a strong resistance to buying Chinese goods ... because they're crap.
 

imaginethat

Forum Staff
Oct 2010
68,117
27,934
Colorado
#33
Here ya go. Trump NEVER filed for personal bankruptcy. Corporations for which he was a co-director did, however...through a restructuring move. This saved the jobs and kept the businesses running. There are some strong parallels with the looming Chinese debt crisis. Some of the legals follow...and I hope I found a neutrally-balanced link:

How is Donald Trump Able to File for Bankruptcy So Many Times?
How did the shareholders fare in these bankruptcies?
 
Likes: 1 person
Jun 2013
10,678
5,526
USA TN
#34
any American company that moves their manufacturing to another country should be boycotted. americans should only buy products made in the US. even if it cost a bit more we would be supporting our own.

there was an osh kosh factory (kids clothes) in the little TN town where I used to live. it was a major employer in that town. the most anyone made was $12/hour and those were the really fast sewers who had been there a long time. they shut it down and moved to mexico so they could pay their workers $1/hour. I bought a lot of their clothes for my girls when they were little but I haven't bought any since they moved. screw them, I wouldn't put them on my granddaughter if they were free.

these greedy CEO's don't give a damn about their own country so when their finished product is shipped back, the US should make the tax really hurt so badly that they move back to the US.

amazon is selling ALOT of Chinese crap now and it isn't obvious until your package comes with Chinese writing on it. I ordered my GD some headbands that came that way and they were so cheap they fell apart. I didn't know they were coming from china or I wouldn't have ordered them. so be careful what you order from them.
 
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Likes: 1 person
Apr 2013
38,373
26,353
La La Land North
#35
Here ya go. Trump NEVER filed for personal bankruptcy. Corporations for which he was a co-director did, however...through a restructuring move. This saved the jobs and kept the businesses running. There are some strong parallels with the looming Chinese debt crisis. Some of the legals follow...and I hope I found a neutrally-balanced link:

How is Donald Trump Able to File for Bankruptcy So Many Times?
But can the fed file for chapter 8 or chapter 11? Because it seems that's where Trump would lead the country. Look at Argentina to see how that works out.
 
Dec 2012
20,149
8,437
California
#36
Another case of, you play, you pay. Just how stupid is it to announce that your going to be taking business out of a socialist country like China. Did they not think there would be retribution?
 
Dec 2012
20,149
8,437
California
#37
any American company that moves their manufacturing to another country should be boycotted. americans should only buy products made in the US. even if it cost a bit more we would be supporting our own.

there was an osh kosh factory (kids clothes) in the little TN town where I used to live. it was a major employer in that town. the most anyone made was $12/hour and those were the really fast sewers who had been there a long time. they shut it down and moved to mexico so they could pay their workers $1/hour. I bought a lot of their clothes for my girls when they were little but I haven't bought any since they moved. screw them, I wouldn't put them on my granddaughter if they were free.

these greedy CEO's don't give a damn about their own country so when their finished product is shipped back, the US should make the tax really hurt so badly that they move back to the US.

amazon is selling ALOT of Chinese crap now and it isn't obvious until your package comes with Chinese writing on it. I ordered my GD some headbands that came that way and they were so cheap they fell apart. I didn't know they were coming from china or I wouldn't have ordered them. so be careful what you order from them.
This government should be providing a business environment that keeps business here. Business is in business to make money. If they can't they leave. It's that simple.
Personally, if I can get a product equivalent to an American made product at a cheaper price, I'm going with the cheaper price. American businesses, with the help of Unions, is pricing themselves out of the business market. Add to that a hugely growing dependent population getting their free-stuff from raising taxes on those working and you've got a recipe for failure.
 
Likes: 1 person
Mar 2013
1,787
1,068
Britton, SD
#38
But can the fed file for chapter 8 or chapter 11? Because it seems that's where Trump would lead the country. Look at Argentina to see how that works out.
...I was down in Argentina some years back fishing...I stayed at a lodge owned by a lawyer...People with money don't put it in banks they invest it in something tangible because as he put it money seems to disappear periodically from banks...
 
Nov 2012
22,986
5,052
Gamma Solaris
#39
But can the fed file for chapter 8 or chapter 11? Because it seems that's where Trump would lead the country. Look at Argentina to see how that works out.
Like it or not...the economy is in deep doo doo.......
 
Nov 2012
22,986
5,052
Gamma Solaris
#40
This government should be providing a business environment that keeps business here. Business is in business to make money. If they can't they leave. It's that simple.
Personally, if I can get a product equivalent to an American made product at a cheaper price, I'm going with the cheaper price. American businesses, with the help of Unions, is pricing themselves out of the business market. Add to that a hugely growing dependent population getting their free-stuff from raising taxes on those working and you've got a recipe for failure.
Quite right. But this social dynamic is still lacking in China...and we have to compete with these lower overheads. From there...the US needs to inaugurate an excise based on what social dynamics the Chinese workers are granted. This is good all around...except for those Communist Party bosses that are...really...slave masters.....
 

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