US US Politics General 2 - Discussion of President Trump and other politicians

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Should be a wild four years.

Helpful links for those who need them:

Current members of the House of Representatives
https://www.house.gov/representatives

Current members of the Senate
https://www.senate.gov/senators/

Current members of the US Supreme Court
https://www.supremecourt.gov/about/biographies.aspx

Members of the Trump Administration
https://www.whitehouse.gov/administration/
 
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it's a fascinating read that came about basically because we had a dairy shortage in the 70s.

I'm more fascinated that the government continues to dump tons of cash into the dairy industry to keep it artificially inflated even as demand decreases. Effectively making the dairy industry reliant on government money.

That seems like the real story here.
 
The US economy is official fucked and the working masses are the ones facing the brunt of it and Trump wasted the mandate the right had been given by trying to fulfill his shitty revenge fantasy.
You think the working class has heavy investments in index funds?

How? With what money?
 
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The US economy is official fucked and the working masses are the ones facing the brunt of it and Trump wasted the mandate the right had been given by trying to fulfill his shitty revenge fantasy.
Our Economy has been fucked for 5 Y E A R S. Muh stock means jack shit for the average man living in America.
 
Trump has been talking about this shit for over a decade. I came across this video trying to track down the first time he started talking about tariffs, but it was absolute potato quality, and the sound was fucked, I upscaled, made it work on modern monitors and fixed it as best I could.
He cusses like a sailor in it, and after his 8 or so minute Obama rant which actually has a purpose, it's a side of trump most people have never seen.
I HIGHLY recommend this one.
Its a 2GB 34 Minute video so I guess we are going with Youtube, sorry. It was in such bad shape that I didn't risk compressing it further.
choice quote: 'You motherfuckers are going to pay a 25% tax'

Downscaled to 480p, 24fps, 4:0:2, webm, 200mb. I don't think it looks that much worse, sounds exactly the same. I just don't trust any other site for backups.

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"why did it take 3 years for Obama to show his birth certificate?"
"I have friends that are destroying their companies over Obamacare"
"the court could overrule it and it would be over"
"why don't you allow it to the supreme court"
"[in los vegas] you have unemployment at over 13%"
"number one in foreclosures"
"gaming revenue is down"
"our politicians should be the countries cheerleaders"
"Donald, you wanna be president, do you have any political experience. I've dealt with these people my whole life"
"They come in all shapes and sizes"
"I've contributed to Democrats, I'm from New York"
"Look at the polls, a republican might get 5% of the vote"
"I made a lot of money in China"
"China is going to make, this year, $300 billion off America"
"what about free trade? I don't want to free trade with someone making 300 billion off me"
"I wanna trade where it's at least a break even, Ideally we would make 300 Billion"
"China manipulates their currency"
"OPEC is abusing the country too"
"they wanna raise the price of oil"
"you're not gonna raise that fucking price" - standing ovation
"you see some of the things they're building in the middle east, and you come home and we look like a third world nation"
"[the middle east] wouldn't have that if we didn't protect them"
"NATO is US, btw"
"France wanted to go in first, we didn't see them past the first night"
"Obama says, we wanna change government, but we don't wanna go in, we don't wanna hurt anybody, no body knows what he's talking about"
"As we spend billions of dollars policing the world, China is buying the world"
"Just sold a building in NYC to a Chinese guy"
"We don't believe your government allows us to do this"
"Are they stupid?"
"I blame our leaders"
"When someone is screwing you, you don't give them steak dinners"
"We make a deal, you stop manipulating your currency, you can have a steak dinner"
"We don't make a deal, you get McDonalds and you go home"
"China's economy is growing, ours just isn't growing"
"Ben Bernanke (then head of the FED) said we won't see job growth for 5 years"
"How can you have job growth when you want to buy a product it says 'made in china'"
"there are no American made TVs"
"Barren Trump (who is 4) didn't want us to sign it" - the young emperor knew
"North Korea was bombing South Korea, so we sent the USS George Washington, they paid nothing"
"I've never seen anyone as protected as Obama"
"In Iraq, everyone says they had Weapons of Mass Destruction (TM), but they didn't"
"they used to kill terrorists, now it's like the Harvard of terror"
"Their leaders [in Iraq] are dealing with Iran"
"I've dealt with the press, some of them are good people, some of them are scum" Optimistic
"The rebels in Lybia, they're Iran backed"
"I'm interested in Lybia, if they give us some oil."
"the press says, 'bUt tHaTs A sOvEriGn NaTiOn' give me a break"
"Similar in Iraq, 1.5 Trillion, We could build our country with that"
"We lost tens thousands in Iraq, horribly wounded, and they want to hand over trillions in oil to Iran, not gonna happen"
"who thinks Iraq is gonna be a democracy, give me a break"
"I'm an old fashion warrior, back in the old days you win a war, and it's yours"
"now, we have a war, we lost thousands, spent a trillion 5, and walk away with nothing"
"we go in and take the oil"
"I'll protect them, if they pay"
"we have a great Allie, Israel"
"Iran is probably gonna control, Lybia, Egpyt, Iraq"
"I have a great show on NBC"
"I have a lot of things to give up, but it's peanuts compared to my country"
"listen mother fuckers we're gonna tax you 25%"
"I'm a lover, not a fighter"
"we just need someone smart"
"Everyone knows China is taking advantage of us."
"IMF said by 2016 China would be the world economy"
"we're gonna make our own products"
"the Chinese pirate our technology"
"We make a better product, but no one can afford it"
"We'll tell Apple, you have to build your stuff here"
"we can't drill in the gulf, you can't drill in Alaska"
"in China they spew all this shit in the air"
"We've gotta drill in Alaska"
"we have so much natural gas"
"same with coal"
"everything's gonna be green, we wanna have clean air"
"we have a chance to have a great country again, we're not a great country now"
"If I win, we will have a rich country again, a great country again, but most importantly we will be respected again"


Ripped from C-Span's site. Quality is fine. Trump's mic is hot (clipping). ~130mb.
 
Normal people made millions off of GME. They did the math and realized it was being nakedly shorted and exploited the hell out of it.

A naked short is an illegal act where someone loans out shares that don't exist.

A short trade is a loan of shares, not money. Those borrowed shares are immediately sold for cash, and the borrower must repay the loan in shares. The bet is the price will fall and the shares can be bought back for cheaper. The borrower pockets the difference.

If the price of the shares go up, the lender can issue a margin call. Which is to demand the shares be immediately returned.

in a short squeeze, there are more shares shorted than exist in the market. If lenders start issuing margin calls, the borrower has no choice but to buy the shares on the market for whatever price they can get it. If a ton of people hold onto their shares and don't sell them, the price rockets up. This causes more lenders to issue margin calls and a vicious cycle continues until all the shorts exit the trade.

People use Robinhood halting buy orders of meme stocks as evidence of the market being rigged, but they don't understand how the market works.

It takes 3 days for a trade to formally settle and be complete. You can't legally retrade those funds until they settle. Robinhood literally ran out of cash to buy more shares with because of demand.

Fidelity never stopped buy orders of GME, just like many other large brokers.
Naked shorting is not illegal. Market makers could not function without it. That lack of knowledge is why so many more people lost their ass on that GME gimmick P&D than "made millions."

Every sucker who loses on obvious pump-and-dumps blames the mythical naked shorts. Happens every single time. Promoters who do the P&D's depend on you believing it so you'll fall for the next one and the one after.
 
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Many also lost thousands on it. It was essentially a crypto pump and dump with a stock
Those people didn't understand what was happening and blindly followed the crowd or got too greedy and traded on emotion. Both are things everyone is warned about when creating a trading account. You can't stop people from making bad trades.

The people who got screwed on GME were corrupt hedge fund investors. They would heavily short and destroy companies to loot the corpse and thought GME was another victim. They ended up losing billions because of autists refusing to sell their GME until the price was hundreds of dollars per share. At least two of the funds dissolved after the margin call.

I'm more fascinated that the government continues to dump tons of cash into the dairy industry to keep it artificially inflated even as demand decreases. Effectively making the dairy industry reliant on government money.

That seems like the real story here.
The ability to feed ourselves is a matter of national security. If milk prices go down significantly, farms shut down and we lose the ability to be self-sufficient. That's worse than throwing some gibs to farmers.
 
I'm reminded of a quest in Runescape (from 2007) where there's an island full of seemingly normal penguins that are actually spies using advanced technology to subvert society for their own gain. How the fuck was that of all things prophetic
And they're all communists too. I wonder if Jagex is going to go back and rewrite that quest now.
 
it's a fascinating read that came about basically because we had a dairy shortage in the 70s.

i know this is probably a joke, but apparently the penguins shipped us 1.4 million dollars of "Machinery and Electrical", so there was absolutely someone taking advantage of a trade loophole somewhere.
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https://news.sky.com/story/island-h...ou-may-have-missed-on-liberation-day-13340958 | archive

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https://www.newsweek.com/donald-trump-tariffs-australia-liberation-day-2054649 | archive
....Rather than a hilarious meme, we've got "accidentally exposing a trading scheme." I can't believe this is how I'm spending my day off.
 
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