General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIt Is Very Bad That Our President Reportedly Lied About Trade Negotiations With China (Slate)
Trade Negotiations With China
By JORDAN WEISSMANN
AUG 30, 2019 5:05 PM
At this weeks G-7 meeting, Donald Trump offered the world an unexpected glimmer of hope that maybe, just maybe, the U.S. and China might be making some progress ironing out their differences on trade. China called last night our top trade people and said lets get back to the table, so we will be getting back to the table and I think they want to do something, he said. They have been hurt very badly but they understand this is the right thing to do and I have great respect for it. This is a very positive development for the world. I think we are going to have a deal, he added.
But things soon turned murky. A spokesman from Chinas foreign ministry said he was not aware that any phone calls had taken place. And by Thursday, CNN was reporting that, yeah, the president had basically made the whole thing up...he apparently fibbed to
give the markets a brief pop.
This might seem like a minor incidentjust one more tuba skronk in the years-long marching band parade of fabulism that has been Trumps presidency. But heres the thing: Lying in public about a major economic issue is a very, very good way to make sure that the markets dont trust a damn word that comes out of your mouth in the future. And while reasonably intelligent people should have learned by now to be wary of anything Trump says, the fact that his comments at the G-7 were taken as good news by anybody in the first placeI mean, stocks did riseshows that investors still have (or had) some residual, if misplaced, trust in the president when it comes to basic factual descriptions regarding affairs of state. Day-to-day, it might not matter if markets can trust the presidents word, or his treasury secretarys for that matter. If it turns out something he said about talks with China was BS, traders can adjust. It will be a serious problem, however, in a real crisis where the administration needs to assure the world that it is, say, taking steps to halt a financial panic (see: 2008) or has a plan to deal with a dangerous international incident. Its hard to stop the world from freaking out and markets from tanking when nobody believes you.
https://slate.com/business/2019/08/trump-phone-call-china-trade.html
bucolic_frolic
(43,127 posts)He will say everyone has a job, markets are up, here's your tax cut with all the money I saved by destroying America.
That's his pitch. He's a simple minded dude. Nothing else matters to him.
I think we can shellac him. If not there's always tax returns and impeachment 2021.
still_one
(92,131 posts)maxsolomon
(33,309 posts)My daughter knew about it and she's not on DU - she's on Reddit.
"The News" cannot focus on one lie for long, not when there's a firehose of bullshit being sprayed in their face constantly, and that's Trump's "technique" (or at least how the Russians have taught this WH to treat the press).
Think about all the other shit that happened that day. The Nightly News on Broadcast channels is only a 1/2 hour long.
OAITW r.2.0
(24,449 posts)The RW noise machine will never again be able to go hyperbolic with any Democratic Presidential overreach, like wearing tan suits.
maxsolomon
(33,309 posts)It's only the legitimate press that tries to cover everything.
abqtommy
(14,118 posts)Nothing he does should surprise us but it should motivate us to work to get him out.
NoMoreRepugs
(9,410 posts)Is he really fit to be President?? The Orange Anus LIED about something that affected stock markets around the World - so what - he lies every day 10 or more times a day - it's the new normal don't you know? But VP Biden's gaffes? Civilization might end as we know it.
GIVE ME A FUCKING BREAK DAFFODILS.
TeamPooka
(24,221 posts)stupid money does stupid things
magicarpet
(14,144 posts)... he prevaricatingly fabricates reality and habitually embellishes the truth.