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David Graf's avatar

Are you really sure after what we've seen from Trump and Musk that the alternative of Harris was really worse? I couldn't vote for either of them. However, a Republican Congress could have kept Harris in check.

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Peter Venetoklis's avatar

I have a piece about that dropping Friday.

It's about a whole lot more than Trump himself. The Left would have run absolutely amok, politically and culturally.

And, no, I don't believe for a moment that a GOP congress would have kept her in check, even if the GOP had won Congress in the face of a Harris victory.

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David Graf's avatar

The left may have run amok but the harm done would have been less because of their emphasis upon style over substance coupled with their incompetence. Plus, they would not have brought on the economic crisis and would not have walked away from our obligations as a great power as we are with NATO and Ukraine and going all imperial with the threats to Canada and Greenland. And, how much could Harris have gotten away with if the Congress was scrutinizing her every move and obstructing her?

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Peter Venetoklis's avatar

Your optimism is, well...

It is a stark contrast to your negativity about all things Trump.

I also wonder about your feelings about the massive inflation Biden created, or the many trillions he added to the debt.

I look forward to your comments on Friday.

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David Graf's avatar

It's not negativity if it's true. I don't appreciate how almost every President for more than a few decades has added to the deficit.

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Peter Venetoklis's avatar

It's negativity if you ignore the positives.

Then again, perhaps you don't see any.

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Brett Hyland's avatar

I’m not yet unsubscribing from my free subscription, at least not until I have read your case for how much better off we could hypothetically be under a Harris administration. This may be your jump the shark moment so be sure to stick the landing.

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Peter Venetoklis's avatar

"better off?"

Oh, you misunderstand.

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Brett Hyland's avatar

Why, then, would you make mention of it?

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Peter Venetoklis's avatar

David implied that Harris would have been better, I noted that I have a piece as to that coming in two days. I didn't agree with him, though, did I? And, then I mentioned that the Left would have run amok, which should suggest that I disagree.

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dave walker's avatar

So many serious issues to confront at once is making it more difficult than expected. Trump came in to office with enormous preparation and plans to make significant changes in a way many voted. I enjoy your essays. Fridays essay sounds exciting.

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Peter Venetoklis's avatar

This trade war could scuttle everything, if it turns out that his end game is permanent trade barriers rather than zeroing out other nations' tariffs. There are many signs that this is the goal, unfortunately, but only time will truly tell.

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dave walker's avatar

There are so many important industries concentrated in China. IMO that is an enormous threat to our economy and society. They could cut us off in a heartbeat.

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Peter Venetoklis's avatar

I disagree. Yes, they could cause a big disruption, but they'd do even more harm to themselves in the process, and China's economy is already having trouble. Beyond that, even if this was a big enough concern, this is not the way.

And, if this was the reason, it doesn't explain the tariffs on everyone.

Forcibly repatriating businesses will do enormous long-term harm to the nation's economy and lower all our living standards. A whole lot of everything will get more expensive.

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dave walker's avatar

Energy News Beat had an interesting article about the ship building industry. China builds 85% of all cargo ships and containers. I’d never take a suckers bet that they would not harm themselves to harm us. Plus they badger Taiwan endlessly. They won’t have to invade they will simply break them financially over the next decade. The constant pressure of ships and aircraft create giant financial expenditures for us and Taiwan. I personally believe the world wide tariffs are an effort to drive down asset prices. Housing in the US and Canada is nearly unaffordable for entry level buyers. I see this everywhere I travel. The pandemic showed the major weaknesses in our supply chains. Nobody, and I really believe nobody, knows how this will work out. I agree, it doesn’t look favorable right now, but I can only hope there is a larger plan being implemented and we’re not aware of it?? Have a great day. Looking forward to Friday.

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Peter Venetoklis's avatar

Housing is unaffordable because of regulations, mandates, zoning, rent controls, and myriad other factors that would be far better addressed by targeting all those.

Another thing that should be done re shipping is repealing the Jones Act.

The most likely conclusion to draw at this point re Trump's trade was is that he believes trade deficits matter. That is, as blogged Sunday, a mercantilist mindset. And it's wrong.

Indeed, no way to know how this all shakes out, because it also depends on other nations.

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dave walker's avatar

Those factors were all there prior to the pandemic. For a stretch people were bidding up each others homes as if it were 2004-2006 again. Those artificially low rates, and over inflated prices are now the norm. They will revert to the mean, it’s just a guess as to when and how we get there. Praying it’s not like the great financial crisis.

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Val Liles's avatar

As I've mentioned on FB, this is why I have fuzzy slippers, a comfy recliner, and popcorn! ('Specially since the recips were paused today...)

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dave walker's avatar

Trump blinked…. His credibility is waining IMO

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dave walker's avatar

Not sure!

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