Unilateral Actions
American Airlines said it will reduce its workforce by 40,000 in October without an extension of government aid. That includes 19,000 involuntary cuts.
In response Trump says he will Act Unilaterally if Congress Doesn’t.
There is nothing Trump can do unilaterally for airlines. This is just a typical Trumpian bluff.
Trump’s lies regarding are more revealing and concerning.
China Will Own US if Biden Wins
Just In: Chinese State Media and Leaders of CHINA want Biden to win “the U.S. Election”. If this happened (which it won’t), China would own our Country, and our Record Setting Stock Markets would literally CRASH!
— Donald J. Trump (@realDonaldTrump) August 26, 2020
Literally Ridiculous
China will “own the US“. What a hoot.
Let’s flash back to one of my favorite Trump lies. Following the flashback I have a trade update.
Trade Wars are Good and Easy to Win
When a country Taxes our products coming in at, say, 50%, and we Tax the same product coming into our country at ZERO, not fair or smart. We will soon be starting RECIPROCAL TAXES so that we will charge the same thing as they charge us. $800 Billion Trade Deficit-have no choice!
— Donald J. Trump (@realDonaldTrump) March 2, 2018
Trump made that claim on March 2, 2018 as discussed in Trump Tweets “Trade Wars are Good and Easy to Win”
We have had nonstop lies from Trump on trade and China ever since.
A deal was around the corner every week for months. Trump insisted on one major deal.
Finally, he agreed to do a deal in phases. On December 14, 2019 I commented Trump’s Amazing Trade Deal: Details a Complete Mystery
As the details emerged, Trump got China to agree to buy more soybeans and energy in return for tariff reductions.
Soybeans for Tariff Reductions
No Mystery Here
Is everyone prepared for 11 months of “nearly there” on phase 2 of China deal.https://t.co/63uqsnques
— Mike “Mish” Shedlock (@MishGEA) December 14, 2019
How’s is Phase 1 Going?
Trump’s top trade negotiator, Peter Navarro says Phase One Trade Deal on Track.
“They’re absolutely keeping their word so far on the purchases,” Navarro says
Phase 1 Trade Tracker
Let’s take a peek at the US-China Phase One Tracker to investigate Navarro’s claim.
Outrageous Lies
I would find such outrageous lies astonishing except they are so commonplace.
I now totally expect lies and little but lies from the Trump administration.
Mish
Trump is not perfect. But he is no a career politician. He is the only one that play tough to CCP (Chinese Communist Party). Regardless if the virus is by nature or created in the Wuhan lab (it is very likely). CCP (Xi JingPing) purposely silenced the doctor and delay the release of critical info to the WHO is criminal act to the humanity. The free world must hold CCP accountable.
Mish, you really need to get over your TDS. It is really bad for your career. As I have been saying here for months, the major issue of this election is the riots and terrorism the American people are seeing in the cities and States run by the Democrats. The fact is that Trump is going to win re-election, and your rants are going to appear the rhetoric of a extremist who was on the wrong side of history. The republican campaign is brilliant, as you know if you watched the RNC. They are going to eviscerate Biden and the Democrats on their support of BLM and Antifa, along with de funding first responders. Americans are disgusted by the Democrats support of domestic terrorism and their communist agenda. The Democrats are not only going to lose the Presidential election, they are going to take major damage in Congressional and Gubernatorial elections. The American people do not want chaos and terrorism, and they do not want communism. Anyone who cannot see that is blind as a bat. The Democrats are trying to destroy America, and you are setting yourself up as their ally….
2020 ELECTION IS OVER!!!
=====================•=•
Joe Biden, Made in China
Hey, Mike, can I call you Mike? You can call me Vig. I seem like I’ve known you a long time, having read your stuff for, oh, perhaps 15 years, here and there. We’re probably about the same age, give or take a few years. And, yes, we all have the occasional anger issue. But, you’re like really bent on all this lying stuff from our President. Okay, maybe not your president. Not mine either, as I live in a state where it doesn’t matter who I vote for, so I just stay home. I would rather not have the delusion that my opinion matters on that. But, still, the rules are over age 35, US citizen (by birth, lol), and successfully wins over 270 electoral college votes. I mean, the rules are clear, everybody knows them. The winner serves a term of office, maybe two, and then leaves, within at most 8 years. And they lie. You don’t have to like them. You probably shouldn’t like them, and they lie. Some are more funny about it than others, but they are all lying. Deception is the default condition in human relations. We are all lying. Especially when money is involved, truth is the first victim. ______ is lying. I know this because he can’t possibly be as dumb as he is behaving. (for liability reasons I have left out his name.) The whole bureaucracy is lying. But the lying isn’t the problem. The problem is, humans are so incredibly gullible, and willingly grant these liars supreme power over our ever more diminishing freedom. And why that is, I can’t explain to you. But that would be very helpful to know, and studying it might just take a bit of the edge off your anger here. Just looking out for you, buddy.
Best regards,
The Vig
Just read all the comments….about what I expected.
Lost American jobs are always blamed on China…..but the culprits are not the Chinese, folks. It’s American CEO’s and corporate boards who offshored the jobs….and its hard to say which party is a bigger tool for those guys…..but I’d lean toward Trump.
And nobody mentions that a lot of jobs have been lost because of Wall Street and predatory hedge funds and LBO specialists who have just crushed so many US companies……I always remember that good ole. Mitt was one of those guys, back when he had a day job. Most people don’t even know what a LBO is, much less how the problem came to be. Too much cheap credit available to people who know how to game the system…that’s the bottom line.
I know Biden is a liar…of a different kind…the entire narrative of the Democrats is built on a pile of lies….and Biden is just another influence peddling politician.
But to me he represents less of an existential threat to the American Republic and the Constitution. He really is quite dangerous, not matter now much people might admire him for sticking his thumb in the eye of the media liars….
He is a DIFFERENT kind of liar than Biden…the kind that, if allowed to do so, will assume complete unchecked power and turn this country into another banana republic. He will break any law…he has no respect for the law…he will give the farm away to his cronies and his powerful donors. You might like him, but I can promise the last thing he cares about.
It’s close enough to the way it is.
Airline travel has NEVER had a viable business model over an entire business cycle, and never will.
Even when oil was $3 a barrel, there were bankruptcies galore during economic downturns.
Now American Airlines (biggest of them all, supposedly operating with “scale”) will be filing Chapter 11 for the third time in less than 20 years.
Hunter Biden got 1500 million from Bank of China while visiting China together with Joe Biden on Air Force two while Joe Biden was VP.
Chinese are no fools so of course they have everything recorded and most likely can blackmail Joe Biden since Joe Biden talks like fool and was even caught admitting publicly in a conference that he had pressured Ukraine to fire the prosecutor looking at Burisma’s corruption otherwise Ukraine would not get huge loan guarantees from USA while Hunter Biden was getting 80k a month aka 1+ million a year from Burisma for Joe Biden’s influence as VP while Hunter Biden was doing his job at Burisma by getting high in USA and maybe ONE trip to fish in Norway.
Obama and Biden spent 8 years letting China do whatever it wanted and Obama’s message was “those jobs are not coming back” while Obama continued policies leading to more factories moving to China and more well-paying jobs lost from USA.
If USA was in the Paris climate deal there would have been hundreds of factories that would have left USA every year.
Trump made the right move by removing USA from that since Obama/Biden had negotiated that deal beyond stupidly with China having right to increase heir CO2 emissions massively until 2030 after which their “cut” would be to keep the 2030 level thereby incentivizing China to increase emissions massively until 2030 like evidenced by the hundreds new coal plants China is building.
Trump is not perfect but still with all of Trump’s MANY imperfections he is much better than Obama/Biden.
I would pick China over Russia in a New York minute.
“I now totally expect lies and little but lies from the Trump administration.” —Mish.
I have always expected lies and mostly big ass, not little butt, lies.
A large number of American voters are susceptible to these populist lies, and the lies also provide cover for other less spoken issues. This alternate reality strategy is very divisive and damaging,. I hope Biden wins decisively enough to achieve a fundamental reset to the Republican party and push Trumpism to the fringe.
Can I put you down as a reference when I apply for New Zealand citizenship?
How COVID-19 Broke the Airline Pricing Model link to youtube.com
Amazing to see that it takes you almost 4 years to learn that tRump has been lying all the time.
I fully expect ALL politicians to lie. As long as Congress doesn’t participate in the lie, it’s only hot air. ObamaCare was a blatant lie about making health insurance more affordable. Congress backed Obama and America suffered. At least with Trump, Congress is certainly behaving as the check and balance the framers of the US Constitution had in mind. That check and balance will disappear the moment a Democrat is elected. I’m not voting FOR Trump as much as I’m voting FOR gridlock. Compromise in such a polarized society accelerates social instability.
Ha! Congress is keeping Trump in check. Thanks for the laugh!
Turning over the garden today for the Fall planting. Nothing new happened I see on our way to the Fourth Turning, civil war or war with China. Kenosha sees deaths, and China sends missiles into the route of the US Navy in the South China Sea.
Airline action needs congress. I think it’s a mistake to do anything. Any Rand was right on this one
The airplanes aren’t going anywhere. The pilots will need to get current again, no matter who owns the company. The airports aren’t going to disappear. Purge the debt. Let the stockholders take the loss, not the public.
We clearly don’t need the same number of pilots , airplane mechanics etc.. Will take years before demand returns. Let the bankruptcy process work and workers move on. Give them extended benefits if you must. We can’t have zombie airlines
I agree. If and when demand comes back, the planes, pilots and airports will still be there.
We can and will. Otherwise all those airport expansions that were financed with future gate fees will bankrupt the municipalities even more than they already are. And your pension fund, 401(k), etc that bought the muni bonds. Paying airlines to fly with empty seats for a few years will keep the first round of boomer retirees on track.
We’re not going to fly as much as we used to, ever.
And the construction of airports continues; despite the expected, extended lull in air travel.
I wonder where all the Trump defenders (TDS type 2) have gone from this site. Seems they have been mighty quiet.
Having said that, I am still anxious and think it is too soon for those of us opposing President Trump to lower our guard. There are a lot of folks that think he can do no wrong.
The impending floods appear to be another opportunity for him to mismanage a response to a major catastrophe.
Back to their safe spaces, where they can ban people that make fun of their stupidity.
They’re down at the bottom of the thread. Late to the party, retarded as they are.
The difference between Biden supporters and Trump supporters on Mish’s site is that Biden supporters continually hang around at Mish and hit refresh so they can make comments celebrating Joe Biden and and attacking Trump on new posts by Mish.
Either you are government employees with too much time or work for Democrats or work for Consultants hired by Democrats…
Or fucktards
Fuckwad is a walking contrary indicator. I keep the mute button handy everytime he opens his facial anus.
Fuckwad is accurate, but I prefer Fat Donnie from Queens.
That’s the beauty of it … everyone can add their own personal touch!