Quote:
Originally Posted by Greedy,Greedy,Greedy
And it doesn't count the structural changes. If we turn someone away when they come to buy our stuff, and they have to guy buy it next door, they're going to start next door the next time they have to buy something.
|
Yup. That's even worse over the long term.
Since we're piling on the ugly consequences of this silly trade war, it's also worth noting that, while Trump has alienated foreign infrastructure investment, he's also failed to provide solid guidance for domestic infrastructure investment.
We can argue whether private investment in infrastructure is good or bad in terms of abrogating govt services to the private sector. But right now, from a bricks and mortar perspective (planes don't crash into each other due to antiquated air traffic control systems and clogged airports, bridges don't fall, ancient power plants don't fail, etc.) the need for infrastructure is acute. Trump promised he'd find a way to drive private money into infrastructure development. And I think the outline of his plan was a decent framework to do so. It could have been improved upon. He could have promised and delivered more specifics to give investors some comfort and guidance. He could have given a fucking speech on national television talking about the subject to give it the traction it needs.
He hasn't done shit.
Instead of working on infrastructure, he's fought with the NFL, done photo ops with Kim Jong Un and Putin, and tweeted endlessly about any and every affront to his deluded self image.
Putting that asinine tax cut in front of infrastructure was unforgivable. Throwing a trade war on top of it, which ended foreign investment in sorely needed infrastructure, is fucking his base.
But you know what? None of this will mean shit. Because his base is with him no matter what - even while he's shooting them on 5th Av-- err, Pennsylvania Avenue.
