General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFox melt down happening now
We are just all learning of this at the same time, but the best I can tell, the American president cant order U.S. companies how theyre going to do their sales and where theyre going to have their supply chains, Wallace lectured. We have a free-market capitalist system.I dont think the president can order a car company to move some of its factories from one place to another, he continued. He could impose tariffs or make it economically untenable, but he cant sit there and order the CEO of the board and my guess is most people in this country wouldnt want to see the president be able to do this.
Noting Trumps inflammatory comments about Powell, calling him a enemy and comparing him to Chinas leader Xi Jinping, Wallace said the presidents comments about one of his own appointees were concerning.
We have to drill down on the statement, who was a bigger enemy to this country? The head of the Federal Reserve Jerome Powell who was appointed by President Trump, or Chinese president Xi? Wallace asked.
He later asked, When you have the president of the United States sort of flailing around this way and ordering companies to move back to the U.S. and saying that the head of the Federal Reserve is the enemy of the country, is that going to create more consumer confidence about the state of the economy or not?"
VIDEO:
https://www.rawstory.com/2019/08/foxs-chris-wallace-stunned-as-flailing-trump-tries-to-order-around-us-companies-while-the-stock-market-plunges/
True Dough
(17,090 posts)Let "Failing Fox News" call out the Dotard on his wacky rants.
dawg day
(7,947 posts)He's ordering US companies to stop doing business with China. (Does he also mean Ivanka????)
He's ordering "carriers" to refuse all shipments of Fentanyl (he includes Amazon in there with UPS and FedEx and the Post office... idiot).
He really does think he has taken control of US businesses.
Link to tweet
Dow Jones is down 460 right now. Hmm, surprise, investors don't actually want a president seizing control of US businesses, or threatening to.
FoxNewsSucks
(10,375 posts)No. Dotard MF45 said "...GREAT American companies...."
That means he and his grifter family are still free to support the Chinese economy by having their crap made there.
world wide wally
(21,718 posts)captain queeg
(10,035 posts)At this point it is more an embarrassment of the USA than the shit stain sitting in the Oval Office. How long will this be allowed to go on?
FoxNewsSucks
(10,375 posts)It was embarrassing that MF45 cheated with help to get the office.
It is a humiliation on the country that he continues to get away with it. He, Barr, Moscow Mitch, and the rest of them flip us all the bird daily, because no one can or will do anything to stop them.
EveHammond13
(2,855 posts)Freethinker65
(9,929 posts)Tie Trump around their necks and watch them flail.
Blue Owl
(49,902 posts)Last time I checked...
Baitball Blogger
(46,571 posts)The Right is vehemently opposed to government regulation, and now they're learning that The Chosen One, with his god complex, plans to control private corporations just by the power of his kingly presidency.
kpete
(71,898 posts)Texin
(2,585 posts)exboyfil
(17,857 posts)When he orders something he does not have the authority to, then it is potentially a Constitutional crisis.
Hortensis
(58,785 posts)even if he was right there and you were clearly breaking the law.
"Business" is free and independent citizens and every bit as powerful in its way, and more so in some, as the president, and will of course ignore Trump's deluded grandiosity. If he did vindictively misuse the powers he does have to "punish" any, they'd take it to court and the taxpayers would pay the settlements.
bronxiteforever
(9,287 posts)It is a bigger check on power than our institutions & IT45 is blowing up the money people.
Watchfoxheadexplodes
(3,496 posts)"It's about the long game"
I guess the checkers and chess bullshit got old?
elleng
(130,126 posts)We have to drill down on the statement, who was a bigger enemy to this country? The head of the Federal Reserve Jerome Powell who was appointed by President Trump, or Chinese president Xi? Wallace asked.
He later asked, When you have the president of the United States sort of flailing around this way and ordering companies to move back to the U.S. and saying that the head of the Federal Reserve is the enemy of the country, is that going to create more consumer confidence about the state of the economy or not?"'
Nay
(12,051 posts)made in China, and when was the President going to follow his own order?
Delphinus
(11,808 posts)Danascot
(4,663 posts)He's nucking futz!
... and decompensating by the hour.
Takket
(21,421 posts)TruckFump
(5,812 posts)spanone
(135,632 posts)underpants
(182,271 posts)Hes getting closer and closer
spanone
(135,632 posts)underpants
(182,271 posts)Fed Chief effectively says STFU
China (Gina) says STFU
Danish PM says STFU - Im guessing
And the worst of the worst of all
Word got out on the 36% polling.
smirkymonkey
(63,221 posts)It's the beginning of the end.
bronxiteforever
(9,287 posts)underpants
(182,271 posts)Love the meme
smirkymonkey
(63,221 posts)C_U_L8R
(44,889 posts)What will you do now?
Mike 03
(16,616 posts)Do you think he'll reverse his decision to postpone tariffs until December?
Or something else?
yaesu
(8,020 posts)without a care of how their economy responds, they can crush us without even breaking a sweat.
Missn-Hitch
(1,383 posts)RVN VET71
(2,686 posts)snorted all the adderall left in the medicine cabinet, someone on the White House staff will tweet -- as Trump -- a retraction/explanation along the lines of:
"Fake News claims I want to force American companies to come back to America and stop making things in China. That is not true -- FAKE NEWS!! --- What I said was that American companies should get on board with my message, the message that all Americans agree with, that everyone is in this fight together, that China's malfeasance can be corrected only if we remember that. But its up to them if they love America or not. I think most of them love America and expect they will come back to American soil. But if they don't, it's their right to stay in China. But I will make sure every American patriot knows the companies I'm talking about.
Also, Jeremy Powell is not a willful enemy of America, but he's hurting us all, maybe unintentionally, maybe not. He should go, regardless, because he is incompetent, however."
Or something like that.
yaesu
(8,020 posts)Politicub
(12,163 posts)The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
Fuck Trump.
SCVDem
(5,103 posts)at the G7.
Let his hand hang out there. Do not touch him or even talk to him.
Persona non grata!
FakeNoose
(32,328 posts)They asked Chump to stay home. There's not a thing he could say to change their minds at this point.
shanti
(21,670 posts)He should stay home and play golf. The world is safer that way.
bdamomma
(63,650 posts)and immature like a kid, he has some long standing mental issues that should be addressed, he is not fit to hold office period.
912gdm
(959 posts)or are you joking?
FakeNoose
(32,328 posts)Sorry I forgot this
912gdm
(959 posts)it's really hard to tell anymore
TheCowsCameHome
(40,161 posts)What a shit show that will be.
Ilsa
(61,675 posts)Trigger a halt in trading if MF45 is as f'ed up tomorrow as he is today.
A HERETIC I AM
(24,317 posts)and a bit over 400 point drop on the S&P 500.
Not likely.
question everything
(47,263 posts)shanti
(21,670 posts)his staff has wiped their hands of him, and are letting him go for the gusto. He is totally spiralling out of control.
duforsure
(11,882 posts)For wealthy business owners to drop their support of him now.
NoMoreRepugs
(9,257 posts)NY AG investigations, multiple media stories and investigative articles, declining poll numbers are all ratcheting up the pressure on an already feeble minded ConMan....he is beginning to fall apart at the seams.
bucolic_frolic
(42,661 posts)i mean business! Those cows have been milked enough, and cheese is causing clogged arteries and obesity. I want to speak to a manager, get me one now! No cheese!!!
SWBTATTReg
(21,856 posts)idiot and loser (and who is costing them tons of money and wiping out their retirement savings)
going to keep supporting this pathetic loser? When is enough, ENOUGH?
Pathetic, pathetic, pathetic!!!
Mersky
(4,969 posts)This fiat by tweet smells like stock manipulation and a shakedown for campaign contributions. Extortion to bring political opponents to heel and confederates to payout.
By now, he and his advisors should darn well know the consequences of his Twitter fingers on the markets. He and all of his market guys, billionaire buddies, know he can dump stocks on a whim. Sooo, I'd like to know who in his circle owns/shorted those stocks or associated plays. Good grief, he tanked the market, after Powell sort of smoothed things over. When does willful idiocy become premeditated manipulation?
Trade wars are easy he said. Tell that one again to the retired teacher trying to transfer funds and chose the wrong day to sell some of their modest portfolio. Tell that lie again to the farmers losing their shirts.
And he signalled that he wants companies to dragnet deliveries for fentanyl, as if there aren't limitations and screens for the stuff already in place. Seems this is the sort of thing that needs to be searched at the ports...amirite, Cocaine Mule Moscow Mitch? But no, that wouldn't have the same effect as his chilling chaos-making upon corporate free speech money.
Our capitalist system has become so corrupt that it's wrapped itself around, and is eating its tail, and turning into corporate/nationalist socialism. The free hand of the market? Ha. Yeah right, increasingly it's more like the little orange fingers in the market jerking everyone around. The mess of it didn't start with him, or the Citizens United decision, but have been accelerants for the economic cynicism and corruption that lead to payola over real value creation.
(Please note, I've used some hyperbole and taken liberties with terms like payola instead of using 'rent seeking' because I believe it has greater, more immediate artful meaning to more people. I'm not entirely comfortable describing the current state of our capitalistic system as corporate nationalist socialist, but I'd argue it has features of such. Mostly, that paragraph echoes in-person conversations I've had with family members who've been trained to view Democrats as mooching socialists. I made at least one of them blush, and maybe think twice about their certainty on the matter.)
KY_EnviroGuy
(14,483 posts)....a technique perfected in Russia. No doubt thousands of ultra-wealthy folks love it and probably are in on the game - - hedge funders, short sellers, high-speed traders, et al.
By keeping the public and markets in a constant head spin, it makes an idiot look like a genius when they actually do something normal and rational and the deplorable base is thoroughly astounded.
Anytime I have a brain fart and think free market capitalism really is free, I promptly remind myself that those at the top have designed a system that insures they never lose. Unless they are absolute damned fools, they always win.
KY........
Docreed2003
(16,817 posts)He's played games like this his entire career! Why would he stop now when he can do the same act on steroids?
Ligyron
(7,592 posts)I have long known this is the case.
Anyway, either by crazy or by design, look who benefits.
As Rachael has said, don't listen to what they say, watch what they do
KY_EnviroGuy
(14,483 posts)Trump inciting violence against immigrants: no meltdown.
Trump trashing international treaties like he would toilet paper: no meltdown.
Trump insulting other nation's leaders: no meltdown.
Trump telling over 10,000 lies: no meltdown.
Trump....(continue list with hundreds more): no meltdown, but....
Do anything that might upset the business community: total meltdown.......
Boomerproud
(7,888 posts)No other point needs to be made.
Lanius
(599 posts)Can have his own products made in Murica.
Bernardo de La Paz
(48,773 posts)LuckyLib
(6,814 posts)Thomas Hurt
(13,903 posts)Yavin4
(35,354 posts)all Hell breaks loose.
TeamPooka
(24,155 posts)The King of Prussia
(735 posts)A Trump appointee or a foreign head of state. I'm not sure in this case, but normally the answer would be the "Trump Appointee" wouldn't it?
patphil
(6,024 posts)Here is the definition of socialism:
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
The United States community is represented by the government, thus the government must be socialistic if it directs how and where businesses operate.
This is not simple regulation to insure fairness in a business's operation, or to insure good, wholesome food, or safe products, or environmental protection.
The intent of this is to directly control the means of production.
And so we have another attempted power grab by Trump, albeit an absurd one.
Absurdity, thy name is Trump.
Patrick Phillips
coeur_de_lion
(3,662 posts)not even trump. I think he wants someone to invoke article 25 and get him out of the job he hates.
He just gets crazier and crazier.
George II
(67,782 posts)Aussie105
(5,211 posts)Before he declares war on Denmark, China, the Fed, and anyone else who doesn't think he is the Chosen One.
Quick!
Before the miniscule finger reaches for the nuke button!
Amendment 25, wherefore art thou? Our need is great!
Roy Rolling
(6,853 posts)Who could have ever known Trump was so __________ ?(fill in the blank)
left-of-center2012
(34,195 posts)We are just all learning of this at the same time,
but the American president cant order U.S. companies how theyre going to do their sales
and where theyre going to have their supply chains,
Pepsidog
(6,252 posts)The bitch of this all is that I despise Trump more than anyone. But, and I hate to say this, but, he is right about China and our intellectual property and their stealing. I dont agree about how he is handling it but China has been ripping our companies off by stealing Intellectual property and industrial espionage for years. Congress but do something about this.