a bear market is the biggest threat yet to donnie's presidency

[unblock]

as much as we'd like to pretend we have a properly functioning democracy, and as much as we'd like to hope that somehow mueller can deliver justice at the presidential level, pissing of rich people is by far the biggest threat to donnie's presidency yet.

we can have all kinds of debates on whether or not he can politically survive his massive ineptness and horribleness.

but once rich people realize they're better of ditching him for pence, he's toast.


the trade war puts pence in a great position because pence could very easily push the reset button on all the tariff nonsense the day he takes over.


all it takes is enough super-rich people telling foxnews to ditch donnie and it's a done deal.

[kentuck]

1. The bull market is saving him right now.

I would not be surprised to see the market fall back to about 18,000 by Election Day.

[unblock]

2. we might be there before the end of the month at this rate.

[ooky]

10. This

It was about 18,000 when Trump was first elected. And that level was in the midst of a 7 year run. The rich took their profits when it struck 26,000 and they are still up 27% even today from pre-election levels. This market still has a long way it could fall. The question is whether its going to break through this level or is it so manipulated that it flat lines here. If it does break through I can see it going back to 18,000.

[GusBob]

3. Resist, me too, Blue wave, Stormy, Mueller, Never again

its sad, but true, of all those obstacles.....If Wall Street turns on Trump he is toast, even the deplorables cant save his ass from the fire

Its sad because it takes the power of a bunch of wealthy crooks to do so....

[lapfog_1]

4. The bear market is being caused by twitler

and is meant to distract from the Russia probe.

an economic war instead of a shooting war in an actual "wag the dog"

When this doesn't work, I expect an actual shooting war.

[blake2012]

5. If we cant get Pence rolled up on this, Id just as soon have Dems win House in 18

Stop Trump and GOP while we work on crushing him in 2020

[unblock]

7. fill in the blank with some other republican successor.

ryan, or this generation's gerald ford, whoever.

whatever republican president who ends up in the oval can easily make the whole tariff crap go away with the wave of a hand.

and if the super-rich have anything to do with it, that will be a requirement for ending up in the oval office.

[Johnny2X2X]

6. It's a trap!

This is how this plays out, Trump gets China to make a few minor concessions that Trump and his state run media outlets tout as a big deal and the crisis is averted while Orange Hitler hold s a parade..

The thing is, this is all unnecessary and adds risk to the equation. You didn't need tariffs to get the Chinese to the table, it's all for show.

[unblock]

9. i'm sure that's the way the con man hopes it will play out.

this is why he thinks trade wars are easy.

they're actually incredibly complicated and difficult, requiring huge amounts of detailed market data and understanding, political savvy, and brinksmanship.

but donnie's not interested in an actual trade war, he just wants to show.

it's easy for him to get some kind of change, any kind of change, and then claim it as a victory.

even if he has to pay china $3 to get them to pay $1, he can then shout on foxnews that he got china to pay $1.

this is the world the con man lives in.



the problem is that the business world is held hostage while he's playing his little game. they're not going to put up with that for long.

[nolabels]

12. China trades with a lot more than just the US

Also thinking of the world state of affairs and the trump in it, many others would probably side with others rather the side with the US. A typical bully will always think there is a way to beat the world into submission. We will probably get to watch it first hand this round

[unblock]

13. yes, this is one of the many reasons tariffs can be silly.

china can ship to brazil and brazil can slap a different label on it and then ship it to the u.s.
this can even happen without stopping at a brazillian port.

so on top of the tariff itself there's all kinds of extra paperwork and logistics to try to prevent this kind of thing.

in this case there will be no shortage of other countries eager to help evade the tariffs.

[malaise]

8. The Con is fugging clueless

He knows not what he knows not.

[no_hypocrisy]

11. I keep returning to the tax cut.

Trump transferred my tax dollars to corporations that bought back their own stock. That stock lost value, and my money just went into a Black Hole.