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Gary Cohn resigning
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tennis2k4 Online
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Gary Cohn resigning
03-06-2018 05:47 PM
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UofMstateU Offline
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Post: #2
RE: Gary Cohn resigning
Libturds are used to government jobs being "for life". They have a hard time comprehending why certain people do this as truly a public service, where they get in, make a difference, and get out. Libturds expect to get in, get paid, stay in, and get a huge pension when they leave, all under the guise of "public service."
03-06-2018 05:56 PM
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tennis2k4 Online
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RE: Gary Cohn resigning
The point is this is another guy jumping ship from the dumpster fire, all because Trump wants to do this "trade war".
03-06-2018 06:00 PM
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DavidSt Offline
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RE: Gary Cohn resigning
I do think Trump is way over his head on this one. This would hurt not just this industry, but it could hurt the farmers and ranchers who sell their products to other countries, but with tariff wars, they would lose money and farms and ranches could be shut down. He attacked our allies who we have traded with for a long time, but not go after the real criminals like China, Russia, India, Vietnam and so forth. This is why Cohn is resigning, Trump refused to learn what it would hurt this country. People will lose their jobs, businesses going out of business and so forth. That is why Trump filed bankruptcy so many times.
03-06-2018 06:00 PM
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Kaplony Offline
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RE: Gary Cohn resigning
Maybe this is what gets Trump impeached.
03-06-2018 06:05 PM
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DavidSt Offline
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RE: Gary Cohn resigning
(03-06-2018 06:05 PM)Kaplony Wrote:  Maybe this is what gets Trump impeached.

The House and Senate could overrule him on this issue. Trump just can't do this on his own.He have to do it with the House and Senate to past a law to have tariffs. There is no movement on doing a tariff's war, so it is a dead issue before Trump could do anything.
03-06-2018 06:12 PM
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Kaplony Offline
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RE: Gary Cohn resigning
(03-06-2018 06:12 PM)DavidSt Wrote:  
(03-06-2018 06:05 PM)Kaplony Wrote:  Maybe this is what gets Trump impeached.

The House and Senate could overrule him on this issue. Trump just can't do this on his own.He have to do it with the House and Senate to past a law to have tariffs. There is no movement on doing a tariff's war, so it is a dead issue before Trump could do anything.

[Image: 4ZOike0.jpg]

http://money.cnn.com/2018/03/06/news/eco...index.html

Quote: The House speaker says he's "extremely worried about the consequences of a trade war." On Tuesday, he urged Trump to take a "surgical" approach rather than imposing penalties on all imported steel and aluminum.

Urging is pretty much all he can do.

Now wait: You might recall from high school history class that the Constitution clearly gives Congress the power "to lay and collect taxes, duties," and so on. A tariff is the modern word for a duty.

So can Congress legally stop Trump from starting a trade war? Well, no.


Laws enacted by Congress over the past century authorize the president to impose tariffs, the Peterson Institute for International Economics, a research firm in Washington, noted in a report in September 2016.

Quote: For the steel and aluminum tariffs, Trump chose a law that allows him to go around Congress. He invoked the Trade Expansion Act of 1962 — Section 232, to be specific. President Richard Nixon used it in 1971 to justify a 10% tariff on all imports. It only lasted four months.

The law says the president can impose tariffs on all other countries if imports pose a risk to US national security. In this case, Trump is arguing that steel and aluminum imported from Canada, Mexico and all other countries meets that standard. That justification baffles many foreign leaders and US business owners.

What's more, in the name of national security, the president doesn't have to get the approval of Congress, nor the independent US International Trade Commission. In other tariff investigations, the ITC gets to weigh in. Not here.


The law in question:
https://www.law.cornell.edu/uscode/text/19/1862


Do you ever get tired of being wrong on here?
03-06-2018 06:26 PM
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TigerBlue4Ever Online
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RE: Gary Cohn resigning
(03-06-2018 06:26 PM)Kaplony Wrote:  
(03-06-2018 06:12 PM)DavidSt Wrote:  
(03-06-2018 06:05 PM)Kaplony Wrote:  Maybe this is what gets Trump impeached.

The House and Senate could overrule him on this issue. Trump just can't do this on his own.He have to do it with the House and Senate to past a law to have tariffs. There is no movement on doing a tariff's war, so it is a dead issue before Trump could do anything.

[Image: 4ZOike0.jpg]

http://money.cnn.com/2018/03/06/news/eco...index.html

Quote: The House speaker says he's "extremely worried about the consequences of a trade war." On Tuesday, he urged Trump to take a "surgical" approach rather than imposing penalties on all imported steel and aluminum.

Urging is pretty much all he can do.

Now wait: You might recall from high school history class that the Constitution clearly gives Congress the power "to lay and collect taxes, duties," and so on. A tariff is the modern word for a duty.

So can Congress legally stop Trump from starting a trade war? Well, no.


Laws enacted by Congress over the past century authorize the president to impose tariffs, the Peterson Institute for International Economics, a research firm in Washington, noted in a report in September 2016.

Quote: For the steel and aluminum tariffs, Trump chose a law that allows him to go around Congress. He invoked the Trade Expansion Act of 1962 — Section 232, to be specific. President Richard Nixon used it in 1971 to justify a 10% tariff on all imports. It only lasted four months.

The law says the president can impose tariffs on all other countries if imports pose a risk to US national security. In this case, Trump is arguing that steel and aluminum imported from Canada, Mexico and all other countries meets that standard. That justification baffles many foreign leaders and US business owners.

What's more, in the name of national security, the president doesn't have to get the approval of Congress, nor the independent US International Trade Commission. In other tariff investigations, the ITC gets to weigh in. Not here.


The law in question:
https://www.law.cornell.edu/uscode/text/19/1862


Do you ever get tired of being wrong on here?

He'll disappear and then show back up when the egg is wiped off his face in a week or two.
03-06-2018 08:12 PM
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Old Dominion Offline
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Post: #9
RE: Gary Cohn resigning
Not surprising people are leaving while they still have a chance to get hired elsewhere. Anyone still associated with the Swamp Monster will be totally unemployable.
The real problem is as the swamp gas rises, ever more dishonest, unethical people will be hired. Sad.
03-06-2018 09:05 PM
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UCGrad1992 Offline
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Post: #10
RE: Gary Cohn resigning
Quote:Mr. Cohn had warned last week that he might resign if Mr. Trump followed through with the tariffs, which Mr. Cohn had lobbied against internally.

So, you didn't get what you wanted and you retaliate by leaving. Don't let the door hit your arse on the way out.

[Image: idNTkyZTViYzVjNjc2Yw==-848d2c0e4e8872757...4faeda.jpg]
(This post was last modified: 03-06-2018 09:36 PM by UCGrad1992.)
03-06-2018 09:26 PM
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DavidSt Offline
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RE: Gary Cohn resigning
we should fire Trump. He is destroying this country.
03-06-2018 09:31 PM
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Kaplony Offline
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RE: Gary Cohn resigning
(03-06-2018 09:31 PM)DavidSt Wrote:  we should fire Trump. He is destroying this country.

[Image: 4ZOike0.jpg]
03-06-2018 09:37 PM
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Owl 69/70/75 Online
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Post: #13
RE: Gary Cohn resigning
The tariffs are a stupid idea. The chance they will do much good is remote. The chance they will do great harm isn't.
03-06-2018 09:42 PM
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SuperFlyBCat Online
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Post: #14
RE: Gary Cohn resigning
Was he a Goldman Sachs guy?
03-06-2018 09:47 PM
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Owl 69/70/75 Online
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RE: Gary Cohn resigning
(03-06-2018 09:47 PM)SuperFlyBCat Wrote:  Was he a Goldman Sachs guy?

Former president and CEO, so yes.
(This post was last modified: 03-06-2018 09:54 PM by Owl 69/70/75.)
03-06-2018 09:51 PM
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SuperFlyBCat Online
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RE: Gary Cohn resigning
(03-06-2018 09:51 PM)Owl 69/70/75 Wrote:  
(03-06-2018 09:47 PM)SuperFlyBCat Wrote:  Was he a Goldman Sachs guy?

Former president and CEO.

Well would not the left be happy he is gone?
03-06-2018 09:53 PM
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DavidSt Offline
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RE: Gary Cohn resigning
(03-06-2018 09:53 PM)SuperFlyBCat Wrote:  
(03-06-2018 09:51 PM)Owl 69/70/75 Wrote:  
(03-06-2018 09:47 PM)SuperFlyBCat Wrote:  Was he a Goldman Sachs guy?

Former president and CEO.

Well would not the left be happy he is gone?


Under a different circumstances, yes. But not under this. Everybody would lose out. Trump wants to punish all trade partners, but not the ones that are causing the most problems like China.
03-07-2018 06:43 AM
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RE: Gary Cohn resigning
(03-06-2018 09:42 PM)Owl 69/70/75 Wrote:  The tariffs are a stupid idea. The chance they will do much good is remote. The chance they will do great harm isn't.

If applied as punishment for being a bad actor in the marketplace?...Im fine with them. Not so much otherwise.

I still like the idea I heard recently. Simply make all importers adhere to US environmental and worker safety regulations. That would create lots of problems for importers without having to use tariffs and help level the playing field. Look at what California has done in regard to its CARB standards. California basically created a world wide standard due to its giant market. We could do the same thing on a national level.
03-07-2018 06:53 AM
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BuffaloTN Offline
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Post: #19
RE: Gary Cohn resigning
The less people from Goldman Sachs in government the better.
03-07-2018 08:42 AM
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Post: #20
RE: Gary Cohn resigning
(03-07-2018 06:53 AM)Fo Shizzle Wrote:  
(03-06-2018 09:42 PM)Owl 69/70/75 Wrote:  The tariffs are a stupid idea. The chance they will do much good is remote. The chance they will do great harm isn't.

If applied as punishment for being a bad actor in the marketplace?...Im fine with them. Not so much otherwise.

I still like the idea I heard recently. Simply make all importers adhere to US environmental and worker safety regulations. That would create lots of problems for importers without having to use tariffs and help level the playing field. Look at what California has done in regard to its CARB standards. California basically created a world wide standard due to its giant market. We could do the same thing on a national level.

+3

We would thrive in that arena.
03-07-2018 08:49 AM
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