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Trumps Chief Economic Advisor even says he misrepresents

Posted on: May 13, 2019 at 15:40:49 CT
Macgrantt MU
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Larry Kudlow was forced to admit that Trumps claim China pays 10's of billions to offset the cost of the tariffs was wrong. The cost is paid by importers and the US consumer.

These are but 2 of many links.
https://www.usatoday.com/story/news/politics/2019/05/13/trump-defends-tariffs-after-kudlow-admits-us-companies-bear-cost/1186468001/

https://www.esquire.com/news-politics/politics/a27452249/china-trade-war-donald-trump-tariffs-larry-kudlow/

The stable genius, who incurred more loss than any taxpapyer in the 90's, is almost singlehandedly causing chaos in future job creation, maufacturing and wealth accumulation. Personally, myself, like most who inhabit this board, won't be alive to see the possible fruits of the deal working out. Funny way to MAGA.

We put climate change, and deficit spending on the back burner, but not this.

Edited by Macgrantt at 15:42:04 on 05/13/19
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Trumps Chief Economic Advisor even says he misrepresents - Macgrantt MU - 5/13 15:40:49
     go Put on your Puzzy hat(nm) - TigerFan92 MU - 5/13 22:10:14
     Selective editing...That's not really what he said... - DoltfromSTL MU - 5/13 15:54:58
          "I don't disagree" - After Wallace correctly pointed out - raskolnikov MU - 5/13 17:13:56
               Pay your debts.(nm) - TigerMatt STL - 5/13 17:44:20
     Study confirms what you already know: Trump lies - JG MU - 5/13 15:52:34
          Yahoo. Lol(nm) - TigerFan92 MU - 5/13 22:09:32
          RE: Study confirms what you already know: Trump lies - MOCO SON MU - 5/13 16:26:21
               Thank you for being honest.(nm) - Toger STL - 5/13 16:28:23
          Really? How is that true? 100% of illegals have broken the - DHighlander NWMSU - 5/13 16:07:13
               Unless they were asylum-seekers that he lumped into the term - Mormad MU - 5/13 16:16:59
                    lol, you have to meet the criteria for asylum. you don't - 90Tiger STL - 5/13 18:37:56
                    There an estimated 20M illegals here, how many of those are - DHighlander NWMSU - 5/13 16:21:54
                         It's not a red herring - I agree with your premise - Mormad MU - 5/13 16:25:00
                              "asylum seeker" =/= they are asylees. do you konw the - 90Tiger STL - 5/13 18:38:51
                              My point is that asylum seekers are a tiny percentage of the - DHighlander NWMSU - 5/13 16:29:47
                                   The left is to abortion claims - Mormad MU - 5/13 17:23:53
          RE: Study confirms what you already know: Trump lies - Spanky KU - 5/13 15:53:36
     Why haven't consumer prices risen due to tariffs on China? - Spanky KU - 5/13 15:50:23
          Give it time(nm) - meatiger MU - 5/13 15:54:36
               More facts: - Spanky KU - 5/13 15:59:30
                    More current facts than 2018 if you’re interested - miz_zou MU - 5/13 16:15:04
                         That says nothing about impact on US consumers - Spanky KU - 5/13 16:25:50
                              If you didn’t read the ACB section here is the bottom line - miz_zou MU - 5/13 16:44:45
                                   Spanky doesn’t do detail-he’s a trump bullet points guy(nm) - Mo Texan MU - 5/13 16:49:08
                                        What part of 'could' seems to confuse your detail oriented - Spanky KU - 5/13 16:52:59
                                             Damn spank, one of your own burned you with a R think tank - Mo Texan MU - 5/13 17:00:03
                                                  Washers had a 20% tariff..prices went up 9%. - Spanky KU - 5/13 17:07:04
                                   COULD!!! DO you know what that means? - Spanky KU - 5/13 16:46:30
                                        It must mean "in your dreams"?(nm) - Toger STL - 5/13 18:00:12
                                        Yet it mentions what you said it didn’t-consumers. I get it - miz_zou MU - 5/13 16:55:54
                                             It said COULD impact.. didn't say it DID impact - Spanky KU - 5/13 16:57:13
                                                  LOL-kU degree strikes again - miz_zou MU - 5/13 17:03:44
                                                       I am not trolling - Spanky KU - 5/13 17:18:48
                              Did you look at the Additional Cost Burden section?(nm) - miz_zou MU - 5/13 16:37:22
                         He's planning on using the tariff money on The Trump - Toger STL - 5/13 16:18:11
                    similar to Pickle...you have a problem - meatiger MU - 5/13 16:05:39
                         It has not impacted CONSUMERS!!!! - Spanky KU - 5/13 16:15:20
                              I guess those who had to repalce an appliance - meatiger MU - 5/13 16:19:41
                                   There was an exception that was called out.... good for - Spanky KU - 5/13 16:28:36
                                        Average lifetime of those is 10.7 years (7 items). - Badird MU - 5/13 16:45:52
                                   "IT DOESNT IMPACT CONSUMERS!" - Badird MU - 5/13 16:23:34
                                        Once a decade or so purchase, dipstick! - Spanky KU - 5/13 16:29:12
                                             and that represents about 7.5 million or so - meatiger MU - 5/13 16:39:54
                                                  Does it? How did you calculate that? - Spanky KU - 5/13 16:52:05
                                                       Yes. Also consider that contractors, who are constantly - Badird MU - 5/13 16:56:25
                                                            Where do you get your data? - Spanky KU - 5/13 16:58:21
                                                                 Thats speculation that contractors account for a majority. - Badird MU - 5/13 17:04:13
                                                                      and consumers will still not break their budget to renovate - Spanky KU - 5/13 17:09:25
                                                                           Are you missing your own point? - Badird MU - 5/13 17:18:24
                                                                                43% of consumers don't buy appliances at all.. they are - Spanky KU - 5/13 17:23:35
                                                                                     LOL - meatiger MU - 5/13 17:29:49
                                                                                          Nope... I own several rental properties - Spanky KU - 5/13 18:21:57
                         that’s not a problem for me at all - pickle MU - 5/13 16:12:44
                              well...you use it - meatiger MU - 5/13 16:18:30
                                   use what? - pickle MU - 5/13 16:30:38
          Lots and lots of gov't in all these scenarios. - Newcatbirdseat MU - 5/13 15:51:48
               He'll defend him till his last breath. - Toger STL - 5/13 15:53:23
                    Just facts in our economy..... - Spanky KU - 5/13 15:57:01
                         You've always handpicked your facts well. - Toger STL - 5/13 16:00:01
                              Do you go to the store at all? - Spanky KU - 5/13 16:16:25
                                   Unless you buy q big appliance - meatiger MU - 5/13 16:20:37
                                        A once per decade purchase? - Spanky KU - 5/13 16:30:58
                                             So..for the 10% of the phouseholds - meatiger MU - 5/13 16:39:26
                                                  Where do you get your data? - Spanky KU - 5/13 16:54:44
                                                       Rough math - meatiger MU - 5/13 17:27:12
                                                            How many households rent? - Spanky KU - 5/13 18:32:59
                                   The price of chinese food at aldis has nearly doubled.(nm) - Toger STL - 5/13 16:20:22
                                        That's so cute.... you think Chinese food is made in China - Spanky KU - 5/13 16:30:24
                                             You're cute too.(nm) - Toger STL - 5/13 16:41:10
                                                  Do you buy your Chinese food at Aldis? - Spanky KU - 5/13 17:11:34
     manlet Magrant(nm) - Ragnar Danneskjold MU - 5/13 15:47:40
          Was that considered clever at one time?(nm) - Toger STL - 5/13 15:50:02
               RE: Was that considered clever at one time?(nm) - Ragnar Danneskjold MU - 5/13 15:52:35
               This isn't just the POD but one of he best all-time post - Macgrantt MU - 5/13 15:52:04




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