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Donald Trump the Megathread part II - mod warnings in OP, Updated 18/03/25

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Comments

  • Registered Users, Registered Users 2 Posts: 4,606 ✭✭✭Rawr


    I'm kind of surprised that we got to this point already. I was expecting this to possibly come to a head sometime after summer. But now here we are just short of the 100 day mark and Donnie has made himself a de-facto Lame Duck President.

    There's now no point at all taking any tariff threats from him seriously. The idea that other nations are "making deals" with him or "discussing" the tariffs have been shown to be the fiction that we all knew it was. To amend your proposed headline Quin_Dub, I would go as far as having: "Trump makes pointless statement worth ignoring"

    Add to this the very public way Putin has been ignoring his "Peace" overtures regarding Ukraine. To top it all off, Musk has called uncle on his DOGE shenigans and has left…likely not to return. All within 100 days..not that I should be all that surprised.

    Got to wonder what he hopes to manage to do with the rest of the 3 years…assuming his health lasts that long.



  • Registered Users, Registered Users 2 Posts: 735 ✭✭✭RickBlaine


    And I think that is how future history books will write about him. When the emotions of the current day and his cult leader like status among the GOP has subsided in the coming years and decades, the history books will include cold hard facts about who he is, what he did, and how his enablers helped him to damage the country.

    That's assuming America doesn't try to sweep this shameful part of American history under the rug like it has done with so many other things. They’re not usually part of the general narrative most students grow up with because nothing can disrupt the "America is the greatest country in the world" doctrine.



  • Registered Users, Registered Users 2 Posts: 735 ✭✭✭RickBlaine


    And the consequence of this is that businesses cannot plan for the future. How can businesses even attempt to make long term strategy when their trading conditions can suddenly and drastically change overnight by a random tweet from the unmitigated fool in the white house.



  • Registered Users, Registered Users 2 Posts: 254 ✭✭pad406


    I suppose he can take some solace that Trump #45 will no longer be looked at as the worst US president in history 😁



  • Registered Users, Registered Users 2 Posts: 12,835 ✭✭✭✭aloyisious


    Trump signed other EO's on Wednesday, these covering education reform and school discipline in K-12 schools.

    In a potential hit to higher education, Trump signed an executive order targeting the college accreditation process.  

    College accreditation ensures a university can access financial aid, but, Scharf [as W/H staff secretary] said, “many of those third-party accreditors have relied on sort of woke ideology to accredit universities, instead of accrediting based on merit and performance.” 

    Accreditors have pushed back on these accusations, as colleges in states that have bans on diversity, equity and inclusion have had no problems getting accreditation.  

    But if a school does not have accreditation, it would have devastating effects, likely increasing concerns among higher education institutions who have seen Trump is not afraid to mess with their finances.  

    That’s especially true of Harvard University, which had $2 billion in federal funding revoked in retaliation for not changing its policies based on Trump’s demands. The Ivy League member has sued over the action.  

    Another Wednesday order seeks to further integrate artificial intelligence (AI) into American classrooms.  

    “The basic idea of this executive order is to ensure that we properly train the workforce of the future by ensuring that school children, young Americans, are adequately trained in AI tools, so that they can be competitive in the economy years from now into the future, as AI becomes a bigger and bigger deal,” said Will Scharf, White House staff secretary.

    “President Trump is taking historic and commonsense action to boost school safety standards. Disciplinary decisions should be based solely on students’ behavior and actions,” Education Secretary Linda McMahon said. 

    The school order and Scharf's words seem to infer that if a child doesn't get the hang of AI, their education is over - sorry kid, you're out. McMahons words, paraphrasing what she sees as Trumps view on school safety, centre on behaviour and actions - which could refer to anything from weapon carrying to use of words like DEI or gay, or obligatory use of loyalty phrases. The thing is that Trumps school order included the word discipline. That word carries many variations, corner-time or other practices allowed in the past.



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  • Registered Users, Registered Users 2 Posts: 12,835 ✭✭✭✭aloyisious


    Google/check out the interview video of Beth Benike, Minnesota's small business person of the year for 2025, for why there's a problem with starting up manufacture in the US of goods made overseas presently. She gives a 5-point explanation as to why the current economic situation in the US facing small/medium business persons make it impossible, starting with how the tools are not made in the US and the material is not available in the US.



  • Registered Users, Registered Users 2 Posts: 5,580 ✭✭✭10000maniacs


    THe problem for the USA is that they have spent most of that $36 trillion. If you spend borrowed money, which the USA has always done, it is money that that will at some stage have to be paid back. You are now at the whim of the lender of that money, so in all intents and purposes is ex money. It's lost assets.

    Similar to keeping your credit card in credit because there are serious consequences if you don't.



  • Registered Users, Registered Users 2 Posts: 1,004 ✭✭✭scottser


    Personal debt isn't the same as national debt. National debt isn't something that's ever paid back, and pension funds everywhere invest in US treasuries as they are considered an A rated asset. National debt is an asset as long as it's performing, ie interest being paid back on it. Every country in the world has debt, even countries that are financially solvent.



  • Registered Users, Registered Users 2 Posts: 20,273 ✭✭✭✭Strazdas


    This is a major issue going forward. Trump has created a hugely unstable business environment with his constant flip flopping. Businesses love stability, but instead there is an unstable nut in the Oval Office who changes his mind every six hours.



  • Registered Users, Registered Users 2 Posts: 5,580 ✭✭✭10000maniacs


    Shhhh, dont't say that too loud or the bondholders might hear it.

    You are correct if the markets are non volatile and the economy is stable.

    If there is a huge surge in bondholders coming in to cash in their bonds, it all becomes a different narrative.

    See two weeks ago for more information.



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  • Registered Users, Registered Users 2 Posts: 11,335 ✭✭✭✭Cluedo Monopoly


    What are they doing in the Hyacinth House?



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 16,723 Mod ✭✭✭✭Quin_Dub


    Exactly - All the small to medium businesses in the US are caught like rabbits in the headlights.

    They don't have the lines of credit or the ability to hedge costs to allow them to navigate this nonsense.

    So many of them are going to go bust - Either because they take the punt on buying the stock with the crazy tariffs and then can't sell them profitably (or at all) OR they hold fire hoping the tariffs reduce and then get caught up in the utter chaos that is going to be the US goods supply chain over the summer and can't get stock so they have nothing to sell.

    Either way , they go bust.

    The damage is already done for this year. Even if he announced today that everything was going to back to how it was , the manufacturing and logistics pipelines are already totally screwed up and it could take 6-9 months to sort itself out.

    Companies are usually ordering their Autumn/Christmas stocks right now ,but most are panicking as they have no idea what the stuff might cost them when it lands in the US so they are holding off .

    So there absolutely will be stock shortages and empty shelves across the US later in the year along with the associated price gouging that shortages always bring.



  • Registered Users, Registered Users 2 Posts: 20,898 ✭✭✭✭kneemos


    Makes you wonder how he bankrupted so many of his companies.



  • Registered Users, Registered Users 2 Posts: 1,004 ✭✭✭scottser


    China and Japan collectively own the biggest chunk of US debt, but Japan seems to be selling it off this past few weeks. As the US becomes more of an unreliable partner, those two dumping massive amounts of US debt could mean the dollar further devaluing, which ironically, King Don wants.



  • Registered Users, Registered Users 2 Posts: 5,580 ✭✭✭10000maniacs


    Nobody at the moment. Or very few.

    That's why Trump was being less of a dick on tarriffs in the last week.

    He knows that the bond market is the main reason why America has stayed afloat in the last 20 years. Or somebody with more intelligence told him.



  • Registered Users, Registered Users 2 Posts: 4,606 ✭✭✭Rawr


    Indeed. Most of the time it was due to him not understanding a basic concept such as spending less than you earn, or letting his own stupid flights of fancy override proper business sense.

    In the case of his Atlantic City casinos, he top-loaded the mortgage and build cost on those projects so much, that it became impossible to earn enough to pay that back. Despite his pop-culture image of being a propery "mogul", the nitwit really hasn't a f*cking clue how property works, beyond pissing away increadable amounts of cash on it.

    The Trump Shuttle is another classic example. He made the airline unprofitable by doing things like adding gold fittings to the aircraft bathrooms, thus making plane heavier and more expensive to run.

    This is the guy who stumbled upon the word "Tariff", latched onto it because he thought that it would make him sound "Presidential" and strong…and then use it without really understanding why.

    This is possibly why we're not encountering so many MAGA trolls lately. The absolute stupidity of their idol is bare for the world to see, and the effort needed to pretend it isn't might be beyond the pale for many.



  • Registered Users, Registered Users 2 Posts: 7,430 ✭✭✭circadian


    I'd imagine Ireland and other EU countries are dipping in for a little more. I wouldn't be surprised to discover if Russia are buying it up via a partner in the Middle East to use as leverage once Trump inevitably pulls back on sanctions. Developing nations probably see this as an opportunity too. Obviously these would probably be longer term holdings in the hope that once MAGA runs its course, the US economy will become more reliable again.



  • Registered Users, Registered Users 2 Posts: 5,580 ✭✭✭10000maniacs


    King Don doesn't want more bond money from other countries? It's all the USA has at the moment.

    No, Trump needs foreign countries to continue buying bonds and not selling them to literally keep the country afloat.

    Some economist probably whispered that into his ear two weeks ago.



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 16,723 Mod ✭✭✭✭Quin_Dub


    The current bonds themselves aren't really "leverage" per se - they are fixed term , fixed cost items.

    It's the future bonds that they might need to sell that are the problem

    An Entity buys $X billion of US T-bonds over a fixed term , 5 or 10 years usually with a fixed interest rate. They have a fixed return and the US Government gets money to spend today.

    Because the US was considered safe haven etc. the interest rates they could get people to buy at were always super favourable.

    That is no longer the case - The fact that Japan and others are looking to offload their holdings isn't a cost to the US right now , but what it means is that the next time they go to the market to sell T-bonds , the market will demand a higher return which means the US cost of borrowing goes up , increasing the risk of default , which increases the return and onward the doom loop goes..

    That's why Trump pulled back so rapidly last week when the Bond markets were Screaming at him about what the rates were going to do if he didn't stop..



  • Registered Users, Registered Users 2 Posts: 254 ✭✭pad406


    How delusional can this idiot become?

    https://www.rte.ie/news/us/2025/0425/1509396-trump-store-merchandise/

    And his idiot supporters will buy them and hope for term 3 😕



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  • Registered Users, Registered Users 2 Posts: 1,004 ✭✭✭scottser


    I believe Donny's goal is to drive the Dollar down in value to make exports more attractive. Not of course, in any sensible or structured way, more like throwing a hand grenade into global trade arrangements.



  • Registered Users, Registered Users 2 Posts: 1,127 ✭✭✭sock.rocker*


    Driving the dollar down is the "nice" version of tariffs. It's already down the same as the 10% blanket tariff.



  • Registered Users, Registered Users 2 Posts: 1,127 ✭✭✭sock.rocker*


    And I was bananas the last time I posted here a few days ago. Sorry about all that. Been avoiding the thread out of shame.



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 16,723 Mod ✭✭✭✭Quin_Dub


    He does want to devalue the dollar , both to increase in internal value of their exports but also to reduce the real value of their debts.

    Neither goal is necessarily a terrible, outrageous thing, countries have been doing that kind of thing forever, but like you said Trump doesn't actually know how to do it in a controlled measured way so as not to spook the horses , he just dives in feet first roaring like a loon and then acts all surprised when he causes a stampede.

    At the same time he want the Fed to lower interests rates to goose the economy which would also significantly reduce his one personal repayment costs for all his debt , but that is totally a coincidence and not all the reason he has such a problem with Powell, no sir.. Not at all..



  • Registered Users, Registered Users 2 Posts: 20,898 ✭✭✭✭kneemos


    "Make a statement with our MAGA hat"- yeah, I'm an idiot.



  • Registered Users, Registered Users 2 Posts: 2,797 ✭✭✭Glaceon




  • Registered Users, Registered Users 2 Posts: 3,595 ✭✭✭francois


    Our company manufactures small medical devices, even with 10% tariffs it is still cheaper to manufacture and export devices from Ireland. It is a fantasy if the tango moron thinks there will be whole-scale return to the US. Given the fact the possibility of a lame duck after the mid-terms, no CEO will up roots and leave based on the daily changing whims of a rather dim individual



  • Registered Users, Registered Users 2 Posts: 29,597 ✭✭✭✭breezy1985


    At this stage I think it's one of the few things he is serious about.

    After seeing how many people believed the election steal conspiracy and then re-elected a failed insurrectionist I think he really is going to make moves towards this.



  • Registered Users, Registered Users 2 Posts: 735 ✭✭✭RickBlaine


    My understanding is that the only loophole in the constitution that would allow Trump to be president for a third term is if he gets some other GOP candidates to run as President and Vice President, and if they win, and if the GOP wins control of the House, and if they elect Trump as Speaker, and if the President and Vice President resign as per the agreement. The Speaker would then be next in line. That's a lot of very big ifs.

    This is because the constitution says nobody can be elected for more than two terms. That's the catch. But this is a highly specific scenario that would involve utter insanity by the GOP, not to mention trying to find two dopes to run on a presidential ticket knowing they'll have to resign soon after. Even if it reached the SC, I can't see them affirming this.



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  • Registered Users, Registered Users 2 Posts: 254 ✭✭pad406


    He doesn't seem to have any problem at the moment finding dopes who blindly follow his instructions



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