SmaptyWolf said:hokiewolf said:caryking said:hokiewolf said:caryking said:hokiewolf said:caryking said:hokiewolf said:caryking said:hokiewolf said:
Tariffs, the cure for everything!— Phil Magness (@PhilWMagness) July 24, 2025
You've got to start somewhere….
it's illegal to use tariffs in this manner
Really? Please quote the statute that says that…
The President doesn't have the authority to administer tariffs, that is the responsibility of Congress. What national security issue does Brazil pose that Trump has applied a 50% tariff? Because helping out someone who he admires because he tried to start a coup against the existing government ain't a good reason
Let's stop pretending you believe in law and order. You don't. You want a centrally controlled industrial policy and a direct government system where laws are dictated by fiat. It's such an illiberal concept it's truly amazing how much people bend themselves on pretzels defending this idiocy.
Anything that Howard Lutnick thinks is great policy is most definitely not.
Since you didn't take the time to quote the Statute, I'll take your words as they are...
Hokie, for me, all of this is inbounds for the President. The powers of the President are being pushed to see where the limits really are. Right now, many people continue to say that the limits are what they think they are; however Article 2 powers continue to be the issue.
Regarding your accusation, whether true or not, about centrally planned... well, those are just words without meaning. Remember Ross Perot say "you're going to hear a big sucking sound" and that would be the jobs in our country. I think he was correct. Now, you believe that the net of all this was good. I don't. Is that very law passed, that provided for the "big sucking sound"... Was that central planning? Central planning passed a law that created this debate, right?
Regarding Howard Lutnick... no offense; however, I believe Howard is as smart as you want to come off as being. You just don't like this movement. That's ok, vote in the next election. you know... Representative Republic. Elections have consequences.
Howard Lutnick - Lolololololololol Cary. Here is Howie, basically selling MAGA on socialism.
Ok, so, the reporter should have asked more questions, that's for sure.
Based on what I am inferring, the Japan Government is giving 500B for the US (my assumption is a private company) to build any type of business we need. In return, the Japan government will take a 10% equity position in those companies.
That said, that is my inference; however, more question absolutely need to be asked!
That's not the way the Japenses have described the way the deal works:
"In return for reduced tariffs, Japan has proposed investing $550bn in the US to enable Japanese firms "to build resilient supply chains in key sectors like pharmaceuticals and semiconductors," Ishiba said."
What Lutnick is saying is that the US Government will own these factories.
What authority is there for Trump to decide what factories to build in the US that would be owned by the Federal Government? That's socialism.
If this trade deal goes through, great, because I can buy a new Toyota or Honda 12% cheaper than a US automaker, so win for me. But the devil is in the details, and it seems like Lutnick and the Priminister of Japan are far apart in what this deal actually is supposed to be. And Lutnick should now better, since he's negotiating it. He's either straight up lying (most plausible), or he doesn't know what he's negotiating (unlikely)
It's even worse than socialism. It's crony socialism. Trump alone decides how the money is spent, so American companies have to kiss his ass to get in on the action.
Coming from a 100% Marxist Communist, that's rich…
