Steel and aluminum tariffs
Comments
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Good thing Bush and his evil GOP financier capitalists pulled that deal off before Obama got his own guys in there.creepycoug said:
2008 was an investment in preferred stock sanctioned by the private sector. something for something. not something for nothing.Sledog said:Steel and aluminium=too important to fail. Maybe Trump should just seize the companies. Many here like that kind of thing.
if it hadn't happened, you'd be eating out of a garbage can. -
Agree or disagree with the actual policy, for those interested in understanding the actual policy being implemented (intertwined with a bunch of European govt bureaucrat types) I'd highly recommend watching/listening to this:
https://youtu.be/zEachEU5Xns
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This was the arrangement between Banks allowed to stay open and the Fed?!???creepycoug said:
2008 was an investment in preferred stock sanctioned by the private sector. something for something. not something for nothing.Sledog said:Steel and aluminium=too important to fail. Maybe Trump should just seize the companies. Many here like that kind of thing.
if it hadn't happened, you'd be eating out of a garbage can.
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JP Morgan got Wa MU for nothing
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Then offloaded the bad loans to the FED at Par.
Prior to being allowed to do that, the FED crammed a Special Preferred stock down JPM’s throat and Every other bank allowed to continue operating. Banks had just a few days to comply. Those that refused were immediately raided and closed.
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Yes.CirrhosisDawg said:
Is English your second language?HoustonHusky said:
Repealing NAFTA means you are in favor of direct trade agreements and not having countries dump things into Mexico and Canada to flood your markets via "NAFTA" free trade while you don't have the ability to even buy land in said country, much less sell any of your goods in that country.CirrhosisDawg said:Replying to @HoustonHusky
Apparently it is dumbfuck.
Repealing NAFTA makes you in favor of tariffs.
Wear it you retard and ballwasher.
Keep gargling China's balls... -
Wait a second. I've screwed several friends wives. Never a bad decision.creepycoug said:
Protectionism. Like screwing your wife's best friend, it feels good in the moment. Eventually, it becomes the worst decision you ever made.HoustonHusky said:Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...
A public reference from a couple years ago...
https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.html
Like I said, the Bloomberg guy was a moron... -
Bad Swaye. Never fuck the other guy's wife.Swaye said:
Wait a second. I've screwed several friends wives. Never a bad decision.creepycoug said:
Protectionism. Like screwing your wife's best friend, it feels good in the moment. Eventually, it becomes the worst decision you ever made.HoustonHusky said:Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...
A public reference from a couple years ago...
https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.html
Like I said, the Bloomberg guy was a moron... -
I hate to do it...but I gotta throw the flag on @swaye here. I mean, friend's wife fucking has to have been worth the risk.YellowSnow said:
Bad Swaye. Never fuck the other guy's wife.Swaye said:
Wait a second. I've screwed several friends wives. Never a bad decision.creepycoug said:
Protectionism. Like screwing your wife's best friend, it feels good in the moment. Eventually, it becomes the worst decision you ever made.HoustonHusky said:Sounds grand, but "material" is only about 15% of the total cost of a pipeline...labor is the largest chunk of it, transportation of the pipes, land rights, etc. etc. So a 25% tariff on steel means the actual pipeline costs only go up less than 4%...
A public reference from a couple years ago...
https://www.ogj.com/articles/print/volume-112/issue-9/special-report-pipeline-economics/crude-oil-pipeline-growth-revenues-surge-construction-costs-mount.html
Like I said, the Bloomberg guy was a moron...
