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The Establishments war on Donald Trump
See other The Establishments war on Donald Trump Articles

Title: How the worm turns
Source: [None]
URL Source: http://www.bbc.com/news/election-us-2016-36185012
Published: May 2, 2016
Author: paraclete
Post Date: 2016-05-02 09:45:31 by paraclete
Keywords: None
Views: 6775
Comments: 43

Republican presidential front-runner Donald Trump has accused China of "raping" the US, in renewed criticism of China's trade policy. He told a rally in Indiana that China was responsible for "the greatest theft in the history of the world". Mr Trump, a billionaire businessman, has long accused China of manipulating its currency to make its exports more competitive globally. This, he says, has badly damaged US businesses and workers. "We can't continue to allow China to rape our country, and that's what we're doing," he told the campaign rally on Sunday. "We're going to turn it around, and we have the cards, don't forget it," he added. "We have a lot of power with China." China's complex relationship with Trump Trump favours high tariffs on China exports Mr Trump, in his campaign manifesto, pledges to "cut a better deal with China that helps American businesses and workers compete". He sets out four goals that include immediately declaring China "a currency manipulator" and putting "an end to China's illegal export subsidies and lax labour and environmental standards". Latest figures from the US government show the trade deficit with China reached an all-time high of $365.7bn (£250.1bn) last year. By February this year, it had already reached $57bn. There was no immediate response from Beijing to Mr Trump's comments, but he is seen by many in China as an inspiration rather than an antagonist, says the BBC's Vincent Ni. It isn't funny when it happens to you but comedian Donald the Dump has accused China of doing what america has been doing to the rest of the world for years.

The man is mad, doesn't he understand foriegn policy even a little, including not showing your hand

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Poster Comment:

It isn't funny when it happens to you but comedian Donald the Dump has accused China of doing what america has been doing to the rest of the world for years. The man is mad, doesn't he understand foriegn policy even a little, including not showing your hand

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Begin Trace Mode for Comment # 31.

#2. To: paraclete (#0)

The man is mad, doesn't he understand foriegn policy even a little, including not showing your hand

Donald Trump understands that a $500B annual trade deficit is not sustainable.

This election is about the economy, stupid. Trump understands what ignrant liberals and sellouts do not.

nolu chan  posted on  2016-05-02   10:07:31 ET  Reply   Untrace   Trace   Private Reply  


#4. To: nolu chan (#2)

This election is about the economy, stupid. Trump understands what ignrant liberals and sellouts do not.

What Trump understands is how to profit from bankruptcy.

sneakypete  posted on  2016-05-02   10:42:54 ET  Reply   Untrace   Trace   Private Reply  


#6. To: sneakypete (#4)

What Trump understands is how to profit from bankruptcy.

Yes, he is a very competent business executive. We need a competent executive, not a jackass preacher.

nolu chan  posted on  2016-05-02   13:35:01 ET  Reply   Untrace   Trace   Private Reply  


#8. To: nolu chan (#6)

What Trump understands is how to profit from bankruptcy.

Yes, he is a very competent business executive. We need a competent executive, not a jackass preacher.

That's like saying a child molester would make an excellent boy or girl scout troop leader because they "love children". COMPETENT business executives don't know anything about how to make money on bankruptcies because they ARE COMPETENT business executives and they make money from profits.

sneakypete  posted on  2016-05-02   16:15:37 ET  Reply   Untrace   Trace   Private Reply  


#10. To: sneakypete (#8)

COMPETENT business executives don't know anything about how to make money on bankruptcies because they ARE COMPETENT business executives and they make money from profits.

Business executives who do not know how to use bankruptcy laws are INCOMPETENT, and become FAILED BUSINESSMEN. Banksters who make unwise loans or investments accepted the risk going in. There are only a precious few, like you, who feel sorry for banksters who make unwise loans or investments and get a chapter 11 haircut.

nolu chan  posted on  2016-05-02   16:33:17 ET  Reply   Untrace   Trace   Private Reply  


#13. To: nolu chan (#10)

Business executives who do not know how to use bankruptcy laws are INCOMPETENT, and become FAILED BUSINESSMEN.

You could also say that about a private citizen.

I mean if a bank is willing to give you large loans and you simply walk away from them when the going gets tough, does that make you a savvy financial expert or a scoundrel?

As a legal expert, you know it is possible. As someone else I also KNOW it is possible.

no gnu taxes  posted on  2016-05-02   17:50:05 ET  Reply   Untrace   Trace   Private Reply  


#31. To: no gnu taxes (#13)

Business executives who do not know how to use bankruptcy laws are INCOMPETENT, and become FAILED BUSINESSMEN.

You could also say that about a private citizen.

I mean if a bank is willing to give you large loans and you simply walk away from them when the going gets tough, does that make you a savvy financial expert or a scoundrel?

I said it about a private citizen. Business executives are private citizens.

Many mortgages went underwater and it made no economic sense to keep paying for decades. Many Joe Citizens stopped paying and let the bank have the house. The citizens were not scoundrels. They did nothing unlawful. The banks did.

As for chapter 11, it is used for reorganization. The alternative is dissolution of the company with a court directing liquidation of assets and the payment of pennies on the dollar.

Article 1, Section 8, Clause 4 empowered Congress "To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States."

https://en.wikipedia.org/wiki/History_of_bankruptcy_law_in_the_United_States

The history of bankruptcy law in the United States traces back to 1800, after its reception from English law. As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankruptcy as a quasi-criminal act, to one focused on solving and repaying debts for people and businesses suffering heavy losses.

Using the bankruptcy law authorized by the Constitution and created by Congress does not make one a criminal or a scondrel. When a corporation is involved, it is the corporation, not the individual, which uses the bankruptcy law.

nolu chan  posted on  2016-05-03   23:48:54 ET  Reply   Untrace   Trace   Private Reply  


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