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[flagged]

by doener 2y ago

[flagged]

rvnx 2y ago
I'm tired of winning.
- p_ing 2y ago
  At least I'm "winning" my 401k and stock portfolio back... Sigh
  - ta1243 2y ago
    I made a fortune. Sold my play account about 3 weeks ago, put 50% back into the S&P yesterday morning. Just sold it again. It's great if you're up for some gambling.
- doener 2y ago
  No, we have to keep winning. We have to win moooore!
  - kevin_thibedeau 2y ago
    He only wins when his competition throws the game on purpose.
slashdev 2y ago
Textbook. His textbook. Art of the deal. He's not unstable, just very aggressive. He did have a plan. We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them.
- margalabargala 2y ago
  Exactly. He has run a lot of businesses in the past, with consistent results. When running the US, he'll apply similar strategies, and we'll have a similar result.
- llm_nerd 2y ago
  It is absolutely not textbook. It is massively self-destructive. In no universe is this a win. This is a retreat by Trump. It's him losing. It makes him look like a joke. Or, more correctly, more like a joke. Trump desperately wants tariffs. He thinks they're free money. He has been saying this for years and still people desperately try to sane wash it into some masterful 4D chess. The only reason this laughable 90-day pause happened is because the US house of cards is on the precipice of absolute collapse, so Trump had to bow into Bessent's attempts to turn this into some sort of China containment. So are all those factories coming back...or aren't they? Are tariffs going to replace income tax, or aren't they? Something something war with China. Just absolute insanity by a group of charlatans, self dealers and clowns who have no idea what they're doing.
  - slashdev 2y ago
    On the contrary, I think he got everyone's attention and they're coming to the bargaining table willing to make a good deal for the US. It's exactly the tactics espoused in Art of the Deal. I think there are two things at play here. 1) Narrow the gap between the wealthy and the rest: attempt to reduce the US public sector, backtrack on globalization, and enact policies to benefit the median American, not the mean American [1]. 2) Prepare the US for possible conflict with China (maybe over Taiwan) and avoid supply chain disruption that would make Covid look mild. I think both of these things are sensible positions to take. When you look at it through this lens, it starts to have some logic to it. Again we can debate the merits and drawbacks of this strategy, but I think it's what is behind everything. Things like his stance on Panama start to fit into the picture when you look at it this way. It is not the actions of someone stupid or insane. [1] https://youtu.be/bzWrA6jRbTM?si=uwvgpg0RprDBPEeU&t=253 https://youtu.be/bzWrA6jRbTM?si=uwvgpg0RprDBPEeU&t=253
    - ceejayoz 2y ago
      > Narrow the gap between the wealthy and the rest Your lens needs cleaning. > Prepare the US for possible conflict with China… By pissing off every close ally we have?
      - 2y ago
- ceejayoz 2y ago
  > His textbook. Art of the deal. It ain't his. https://en.wikipedia.org/wiki/Tony_Schwartz_(writer) https://en.wikipedia.org/wiki/Tony_Schwartz_(writer) > We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them. Pretending the man didn't repeatedly bankrupt his own companies and stiff his vendors is underestimating him. We've decades worth of knowledge about how "his plan" goes.
- correct_1 2y ago
  [flagged]
- outer_web 2y ago
  Wait what's been accomplished except huge losses for people trading behind the curve?
  - slashdev 2y ago
    See my other comment in this thread.
  - llm_nerd 2y ago
    Absolutely nothing was accomplished but the undermining of the US as a stable partner. US treasuries and the US dollar both have taken a colossal hit that is going to reverberate into much greater consequences. It is the hit on TBills that forced Trump's retreat, which his weird cult now need to spin into some 4D chess. Like, listen to what Trump himself says to justify the pause- https://bsky.app/profile/atrupar.com/post/3lmfosw5usb2f https://bsky.app/profile/atrupar.com/post/3lmfosw5usb2f Basically "everyone was saying this was really stupid -- getting "yipeee" -- so I paused it". Not "Haha now I've got them where I want 'em!" These pauses and this chaos is literally the worst of both worlds. Christ, he would have done better either cancelling them or going full bore. Congress needs to remove his ability to levy tariffs under his imaginary emergencies.

[flagged]

by doener 2y ago

[flagged]

rvnx 2y ago

I'm tired of winning.

p_ing 2y ago
At least I'm "winning" my 401k and stock portfolio back... Sigh
- ta1243 2y ago
  I made a fortune. Sold my play account about 3 weeks ago, put 50% back into the S&P yesterday morning. Just sold it again. It's great if you're up for some gambling.
doener 2y ago
No, we have to keep winning. We have to win moooore!
- kevin_thibedeau 2y ago
  He only wins when his competition throws the game on purpose.

slashdev 2y ago

Textbook. His textbook. Art of the deal. He's not unstable, just very aggressive. He did have a plan. We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them.

margalabargala 2y ago
Exactly. He has run a lot of businesses in the past, with consistent results. When running the US, he'll apply similar strategies, and we'll have a similar result.
llm_nerd 2y ago
It is absolutely not textbook. It is massively self-destructive. In no universe is this a win. This is a retreat by Trump. It's him losing. It makes him look like a joke. Or, more correctly, more like a joke. Trump desperately wants tariffs. He thinks they're free money. He has been saying this for years and still people desperately try to sane wash it into some masterful 4D chess. The only reason this laughable 90-day pause happened is because the US house of cards is on the precipice of absolute collapse, so Trump had to bow into Bessent's attempts to turn this into some sort of China containment. So are all those factories coming back...or aren't they? Are tariffs going to replace income tax, or aren't they? Something something war with China. Just absolute insanity by a group of charlatans, self dealers and clowns who have no idea what they're doing.
- slashdev 2y ago
  On the contrary, I think he got everyone's attention and they're coming to the bargaining table willing to make a good deal for the US. It's exactly the tactics espoused in Art of the Deal. I think there are two things at play here. 1) Narrow the gap between the wealthy and the rest: attempt to reduce the US public sector, backtrack on globalization, and enact policies to benefit the median American, not the mean American [1]. 2) Prepare the US for possible conflict with China (maybe over Taiwan) and avoid supply chain disruption that would make Covid look mild. I think both of these things are sensible positions to take. When you look at it through this lens, it starts to have some logic to it. Again we can debate the merits and drawbacks of this strategy, but I think it's what is behind everything. Things like his stance on Panama start to fit into the picture when you look at it this way. It is not the actions of someone stupid or insane. [1] https://youtu.be/bzWrA6jRbTM?si=uwvgpg0RprDBPEeU&t=253 https://youtu.be/bzWrA6jRbTM?si=uwvgpg0RprDBPEeU&t=253
  - ceejayoz 2y ago
    > Narrow the gap between the wealthy and the rest Your lens needs cleaning. > Prepare the US for possible conflict with China… By pissing off every close ally we have?
    - 2y ago
ceejayoz 2y ago
> His textbook. Art of the deal. It ain't his. https://en.wikipedia.org/wiki/Tony_Schwartz_(writer) https://en.wikipedia.org/wiki/Tony_Schwartz_(writer) > We can argue about the merits of his plan, but dismissing him and his advisors as stupid or insane is underestimating them. Pretending the man didn't repeatedly bankrupt his own companies and stiff his vendors is underestimating him. We've decades worth of knowledge about how "his plan" goes.
correct_1 2y ago
[flagged]
outer_web 2y ago
Wait what's been accomplished except huge losses for people trading behind the curve?
- slashdev 2y ago
  See my other comment in this thread.
- llm_nerd 2y ago
  Absolutely nothing was accomplished but the undermining of the US as a stable partner. US treasuries and the US dollar both have taken a colossal hit that is going to reverberate into much greater consequences. It is the hit on TBills that forced Trump's retreat, which his weird cult now need to spin into some 4D chess. Like, listen to what Trump himself says to justify the pause- https://bsky.app/profile/atrupar.com/post/3lmfosw5usb2f https://bsky.app/profile/atrupar.com/post/3lmfosw5usb2f Basically "everyone was saying this was really stupid -- getting "yipeee" -- so I paused it". Not "Haha now I've got them where I want 'em!" These pauses and this chaos is literally the worst of both worlds. Christ, he would have done better either cancelling them or going full bore. Congress needs to remove his ability to levy tariffs under his imaginary emergencies.