RUSSIA/РОССИЯ THREAD—ASSANGE CHRGD W/ SPYING—DJT IMPEACHED TWICE-US TREASURY SANCTS KILIMNIK AS RUSSIAN AGNT
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As the United States gears up for a full-on trade war with key allies, economist Paul Krugman has a stark warning for President Donald Trump: It’s not going to go well.
In a column posted Thursday evening, Krugman argues that Trump’s trade war — which he once said should be “easy to win” — will be bad for many Americans, including many that see the president as their defenders.
“So, the trade war is on,” Krugman begins. “And what a stupid trade war it is.”
“[T]it-for-tat trade retaliation will hurt a lot of American workers (and especially farmers), quite a few of whom voted for Trump and will now find themselves feeling betrayed,” he notes.
He also argues that Trump’s view of international trade is overly simplistic. Slapping tariffs on a few industries isn’t an isolated action, and it will have ripple effects across the economy. This is because, as Krugman explains, “it’s a matter of complex value chains, which the Trump trade war will disrupt. This will produce a lot of American losers, even if they aren’t directly employed producing exported goods.”
Even more worrying for Trump is that prices across the board could rise if the trade war “spirals” further. The Republicans sold their giant tax giveaway to corporations based on minor, temporary cuts for individual payers, but even these measly gains could evaporate if prices rise. That could be disastrous for the GOP heading into the midterms.
And in international political terms, Krugman argues, Trump may be underestimating the downsides fo his actions. Many people in other countries really hate Trump, which means they will likely push their leaders to stand up to him. Don’t expect Canadian Prime Minister Justin Trudeau to back down easily.
One thing Krugman doesn’t mention, though it is implied by this last point, is that the non-economic consequences of the trade war could also be disastrous. Trump currently needs allies desperately for many of his foreign policy efforts: putting pressure on North Korea, constraining Iran, and countering China. By engaging in a trade war with our allies, Trump weakens the relationships that are crucial to pursuing these objectives.
https://www.rawstory.com/2018/05/pa...pid-trade-war-will-disaster-american-workers/
Berniewood Hogan
IT'S BERNIE SANDERS WITH A STEEL CHAIR!
all the indian posters are banned now
Berniewood Hogan
IT'S BERNIE SANDERS WITH A STEEL CHAIR!
I think so, a lot of his supporters feel he's doing a great job
on Wednesday, U.S. District Judge Kimba Wood told the attorneys for President Donald Trump’s personal lawyer, Michael Cohen, that she was only going to give them until mid-June to review an estimated 2 million documents seized by the FBI in raids on Cohen’s home, office, and hotel room last April.
According to reports, the attorneys for the embattled lawyer had asked for a deadline of mid-July, pleading the legal team was “working around the clock” and “as fast as we can” to decide what fell under privileged communications and would be excluded from further legal proceedings.
Wood viewed the situation differently, and in an interview with Business Insider, a former federal prosecutor explained that the judge had good reason to deny the appeal for time which could lead to any remaining documents would be turned over to a separate group government lawyers — known as a “taint team.”
According to Mitchell Epner, an attorney at Rottenberg Lipman Rich and former assistant US attorney, Judge Woods knows that Cohen’s legal team has more resources at their disposal and are playing for time.
“The statement by Michael Cohen’s attorneys that they have a team of 15 attorneys and two data specialists working around the clock on this is not likely to have impressed Judge Wood as a big effort,” Epner explained.
“It is not unusual for large law firms like McDermott Will and Emery (which has about 1,000 attorneys) to create teams of more than 50 attorneys to meet tight discovery deadlines,” he continued. “A team of 15 attorneys to review over 3 million documents would likely strike Judge Wood as designed to guarantee that the process would stretch on for months.”
You can read the whole report here.
88m3
Fast Money & Foreign Objects
Damn everyone in the Trump orbit got a mad punchable face like that cat up there ^^^^^
how much did that benghazi bullshyt cost and there were no indictments there. at least this shyt is getting somewhere.