Well, exchange rates can be used for economic warfare. The worst example I recall was when China had a non-convertible currency so they set it at half value and pegged it to the dollar. Because of the peg it didn't matter how efficient a US company got, it was a loser. After they more or less won - the transfer of wealth and technology to China was historic - they let the Yuan rise and become more and more convertible. The goal changed to WTO member ship.
"...getting everything he has asked for from the repukes..."
Interesting to hear from your parallel universe. How long is your visit?
You have no basis for that statement. Turning the Foundation into a political campaign fund is a non-starter legally, as you know. Stop lying.
What are the qualifications of ANY of the Republican candidates. For all but one their main qualification was to be accepted by one or more billionaires that they auditioned. Bush III publicly adopted some of the most pathological advisors to Bush II including a couple or Neocons.
ps - The Republicans are not about to abolish "entitlements" - so much of their core voter base receives them. All the Southeastern states are on welfare overall to some degree with Mississippi the worst. Texas and the Blue States pay for it and it's become permanent. Time for you guys to get to work.......
I might point out that today's Republican Party is the party of Jim Crow - American Apartheid. They are hopelessly destructive to all demographics in Dixie in both the economy and the society. They have just gone national with the real Confederate politics. That is, divide and conquer a distracted, bitter, population while the real players clean the table. Crony capitalism and Plutocracy is their norm and goal. The division they always exploited in the South was race. LBJ said of the lower income white population, "...give them someone to look down on and you can empty their pockets." And that's still the story of most of the core Confederate Culture Area. Now the Republicans, using Nixon's Southern Strategy are just going national.
Ferguson and Baltimore and South Chicago, and Philadelphia and so on are all pieces of Dixie. It is beyond me how the Republicans think the US can cause cultural change in the Sand Trap while the US has not assimilated the Confederate Culture Area in the 150 years since the Civil War. Of course the real idea isn't to cause change at all - quite the opposite.
Greenspan used negative real interest rates to hype the economy and was hailed as a genius by both parties until he wasn't. His remarks in hearings that he didn't understand why banks didn't take better care of themselves were classic. They take the "corporate person" much too literally - the principals and a generation of amoral greedheads generally did quite well for themselves breaking their banks. Then it turned out he was an Ayn Rand fan. That meant he was automatically disqualified from any responsible position involving finance altogether. Someone should have asked......
That "amateur" has saved you from standing in food lines, scrounging in garbage dumpsters, and sleeping in drain pipes. It is unfortunate that so much of his terms have been dedicated to saving the USA from his opponent's depredations. The only negative thing is that he kept them from cutting short your life expectancy. Barack Obama is also better educated, smarter, wiser, and richer than you are.
Really kills you doesn't it? And all you have to do is live here and be a creepy racist. You must have thought of getting a one way ticket to the Golden Gate Bridge before they put up the barriers. Maybe you could crowd fund it?
We recall Republican Newt Gingrich had a similar tale. He asked his wife for a divorce as she was dying of cancer. He did marry the new one, a direct report in his Congressional office staff. Remember Livingston, a Republican in the House? His exposure cost him the Speakership. If memory serves he became a lobbyist and had an extracurricular kid. Some of these guys in the anonymous big city of Washington, far from the people who elected them, appear to cut loose in tawdry fashion, the Republicans a bit more so.
Universities need some changes. For example, legions of undergrad psych, journalism and the like majors serve no economic purpose and don't really educate students. Universities are rationing places with money, a disastrous decision that wastes much of the real talent of a generation. Universities are in an amenities race also that is irrelevant to their mission. Free 2 year commuter schools with standards that feed tech schools and apprenticeship programs German-style might be worthwhile.
Years ago NYU and CCNY were commuter schools. They admitted many people but were difficult. They were a ladder for generations in New York including immigrants. Because they were thought both hard and fair, New York taxpayers were willing to pay for them - tuition at CCNY (NYU?) was free and people could work their way through. Then they caved in on standards and added many BS majors. Campuses even became dangerous. No more free education. Schools have more control over scholarship students also, so there was a trend to charge tuition but give it back in scholarships.
Today the pace of change is accelerating and everyone is likely to be doing something quite different for a living 2 or 3 times or more through a working lifetime. Education for many may be a continuing business as it is now for tech people. That's life. One of the best expenditures and most profitable that the US government ever made was the WWII GI Bill. And it tended to make US universities a meritocracy too, a overlooked benefit.
You are so fixated on your hatred of President Obama and a disastrous doctrine that you would commit national suicide if necessary. You are supporting people whose idea of saving money is to pull your plug.
Be careful of what you wish for.......
Well, today the averages finished down just a bit indicating some pressure off the market. So Tesla increased a token amount while other car companies continued to crater. When a tech stock price is quite high relative to its present results, it's often externalities driving it downwards, often reasonably if the world has changed. One suspects that some of the shorts here are coming out of the closet, actually.
I see some here are still insisting that there is some whole market segment for "EV's" regardless of their cost or which IC cars they compete with. Low end electric cars need another generation of batteries to compete. High end ones like the Model S have a performance story - a higher level performance / civility tradeoff at the same price. A new generation of batteries for them could make IC cars non competitive. So cars in the middle like the Model 3 ? ? We can see that when IC car companies make an electric it tends to be designed such as to not compete with the maker's other cars - even if it looks like it's from a scooter company. The Bolt looks like a nice exception to that and the Model 3 will be too, presumably.
Well, if the "advice" either way gets enough of an audience, then it's front running but legal. Are you saying more than that?
Most Americans have a policy of "Trust, but verify" in everyday life. That applies to people in general walking around in the open without an attendant. It's our version of the Social Contract. Here, we can't see you walking about in the open without an attendant but it's reasonable suspect that you fail the test........................
The tax does not apply to exports. So you are claiming an effect opposite, and are effectively calling for the end of US oil industry, exploding trade deficits, and large numbers of US troops in the Sand Trap at the Saudi's beck and call indefinitely. But that has become the Republican/Big Oil platform, apparently.
What would be the deficit in a Depression? If we just let a Depression run its course for a generation or more, what would it cost and could the US survive as a single country?
You are raising entirely respectable questions. Business upper management salaries have soared in recent years and they may be trying to match them for quality. Those soaring CEO and upper management payouts are pathological in historic terms, though. Maybe that's the source of the problems. If Libertarian solutions worked, one would think they already would have. Ditto in medical care and insurance.
Another real problem is the revolving door between regulators and the companies regulated. Good examples are the FDA and drug companies, or the SEC and Wall Street. Libertarian solutions like no regulation for the FDA would result in a substantial and increasing death toll as a price. Unregulated imports would add a lot to that toll.
While our Pay-To-Play political system is the root of many problems, including distorting and taking away competition from the whole economy, it's not everything. The new Industrial Revolution is not even being discussed. As an example, automatic driving vehicles will have a lot of benefits and enable new services. But they also will obliterate millions of jobs. Many, certainly not all, of the people obliterated will find getting into another line of work with equivalent skill levels nearly impossible - those jobs are gone too. Along with jobs, job descriptions are being eliminated.
This sort of thing has been happening and accelerating across the economy. It's not just business buying cheaper work visas in Washington or offshoring. The increasing capabilities of AI will bring many benefits as will "Industry 4.0". It will also obliterate many jobs including nominally middle-class jobs. The progress is necessary, but the Libertarian version of it would mean literal famine and won't happen.
Our current politics takes talking about reality off the table. The Republicans, especially think it's 1873. Thanks for actually raising questions.......