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Stocks Tank After Trump Announces Stiff Tariffs On Aluminium And Steel Are Coming

Posted on 3/1/18 at 1:02 pm
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26189 posts
Posted on 3/1/18 at 1:02 pm
How can anyone, especially laissez-faire Republicans, say this is good economic policy? This is the Son of Smoot-Hawley, and will plunge the world economy into a Hoover-like depression:

LINK
Posted by HempHead
Big Sky Country
Member since Mar 2011
55494 posts
Posted on 3/1/18 at 1:02 pm to
quote:

will plunge the world economy into a Hoover-like depression:


That's a tad histrionic.
Posted by Chinese Bandit
Edmond, Ok
Member since Jan 2004
1543 posts
Posted on 3/1/18 at 1:04 pm to
quote:

and will plunge the world economy into a Hoover-like depression:




Overreact much?
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69307 posts
Posted on 3/1/18 at 1:04 pm to
quote:

This is the Son of Smoot-Hawley, and will plunge the world economy into a Hoover-like depression:


No.

The policy is dumb, but it is not even close to smoot-hawley.
Posted by bamarep
Member since Nov 2013
51806 posts
Posted on 3/1/18 at 1:05 pm to
Why do you hate American factories and workers you Commie bastard?

Besides, Chinese steel sucks anyway.
Posted by Bunyan
He/Him
Member since Oct 2016
20828 posts
Posted on 3/1/18 at 1:05 pm to
quote:

This is the Son of Smoot-Hawley, and will plunge the world economy into a Hoover-like depression 

I literally lol'ed at the stupidity
Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 3/1/18 at 1:05 pm to
quote:

will plunge the world economy into a Hoover-like depression

can we stop with this

it's stupid and terrible policy but you're doing yourself no favors with that kind of hyperbole
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69307 posts
Posted on 3/1/18 at 1:07 pm to
quote:

can we stop with this
Tarzana is a troll. If you read his posts, they are all engineered to be hyperbolic and ridiculous.

He plays a democratic hack on here. I do not think that is how he actually is in real life.
Posted by cokebottleag
I’m a Santos Republican
Member since Aug 2011
24028 posts
Posted on 3/1/18 at 1:07 pm to
quote:

How can anyone, especially laissez-faire Republicans, say this is good economic policy? This is the Son of Smoot-Hawley, and will plunge the world economy into a Hoover-like depression:



Because SmootHawley was the only Tariff we ever enacted!

(It wasn't even the largest)
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73823 posts
Posted on 3/1/18 at 1:07 pm to
Are you predicting 13k like EthanL did
Posted by Plx1776
Member since Oct 2017
16239 posts
Posted on 3/1/18 at 1:09 pm to
Very concerning. I'm very concerned. Sooo concerned.

Posted by TigerMyth36
River Ridge
Member since Nov 2005
39732 posts
Posted on 3/1/18 at 1:10 pm to
quote:

will plunge the world economy into a Hoover-like depression:



You people. You have to bring hyperbole every time and it destroys your arguments. Why aren't we underwater in New Orleans. Al Gore said by 2011 New Orleans would be underwater.

Lear to push your agenda without resorting to hyperbole because it makes you look like a clown.
This post was edited on 3/1/18 at 1:12 pm
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12800 posts
Posted on 3/1/18 at 1:13 pm to
quote:

This is the Son of Smoot-Hawley, and will plunge the world economy into a Hoover-like depression:




Of course, the stock market can be down for a number of things: Powell's testimony this morning, Trump tariffs, his statement about them being for national security purposes, etc.
Posted by SidewalkDawg
Chair
Member since Nov 2012
9820 posts
Posted on 3/1/18 at 1:14 pm to
I look forward to the PBhog like bump this thread will receive in a few weeks.
Posted by MSMHater
Houston
Member since Oct 2008
22775 posts
Posted on 3/1/18 at 1:14 pm to
quote:

and will plunge the world economy into a Hoover-like depression:


Holy hyperbole, Batman!
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 3/1/18 at 1:15 pm to
@real has never been a stocks guy, yet he thinks the market's rise has been all on his shoulders. Hopefully it doesn't turn into the proverbial new trader who starts out very well and then loses all his gains and more, because he never knew what he was doing in the first place.
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24656 posts
Posted on 3/1/18 at 1:17 pm to
quote:

I literally lol'ed at the stupidity



I ran out of laughs a long time ago. tarxana is quite possibly the dumbest poster here.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73823 posts
Posted on 3/1/18 at 1:19 pm to
quote:

@real has never been a stocks guy


Yet has a portfolio worth between 30-80mil
Posted by JuiceTerry
Roond the Scheme
Member since Apr 2013
40868 posts
Posted on 3/1/18 at 1:20 pm to
quote:

Besides, Chinese steel sucks anyway.

The Trumpkin bogeyman, China. That we barely import steel from.
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 3/1/18 at 1:20 pm to
quote:

Yet has a portfolio worth between 30-80mil


L to the OL.
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