Stable Genius Strikes Again

(Credit: @MemphisJohnny1)

As we all know by now, stable genius Comrade Stupid authorized tariffs on $50 or $60 billion worth of Chinese imports, because he claims he’s defending us against the Chinese stealing Intellectual Property. And China threatened retaliation, which helped sink the stock market.

 “If somebody tries to impose a trade war on us, we will certainly fight back and retaliate.” — Cui Tiankai, China’s ambassador to the U.S.

Bloomberg:

“After nearly half a century of trying to woo China into the club of major market-based economies, Trump made clear his administration plans to brandish sticks, not carrots, to achieve U.S. trade goals with Beijing.”

Reuters:

“China showed readiness to retaliate by declaring plans to levy additional duties on up to $3 billion of U.S. imports including fresh fruit, wine and nuts.”

So, you know, Comrade Stupid’s base of family farmers (hahahaha) would end up paying for protecting the Intellectual Property rights of Silicon Valley and Hollywood. 

Let’s be clear who has the winning hand here: China.

China owns a lot of our debt. Remember, Republicans charged two wars, and tax cuts for billionaires on our credit card.

China could call it in,  sell a few hundred billion dollars worth of U.S. Treasury bonds. And I think we know what would happen next would make Chimpy’s Economic Disaster look like a bounced check.

 

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15 Responses to Stable Genius Strikes Again

  1. Minstrel Michael says:

    That exact scenario had occurred to me during taxcutpalooza, and I was gobsmacked that nobody else brought it up– you are literally the first commentator I’ve seen that’s mentioned it.

    Liked by 2 people

  2. paleotectonics says:

    I don’t wish ill on anyoneHAHAHAHAHAHAHAHA!!!!

    Okay, ya got me, I wish a lot of fucking ill. I’m wishing ill right now. But:

    A helluva lotta common clay of the New West brought this on us. If we suffer, those bastards BETTER suffer.

    Liked by 1 person

  3. w3ski4me says:

    “He is a ‘Billionaire’, of ‘course’ he can lead our country to bigger and better times”. “He will run the country like a Business and make us all ‘rich”!
    Except for the fact that he is a con man and a bust as a business man. Except for his mob inspired housing and building ownership, he would be a nothing.
    The rubes fell for all that “flim flam” and here we be.
    In a Trade War with China? Just Brillunt(sic).
    Now we get Milk Mustache Bolton? Wars aplenty are on our plate. Damn if that doesn’t Really Suck.
    w3ski

    Liked by 4 people

    • ming says:

      Trump has never been about building successful businesses. His specialty is puffing up bullshit projects, looting the assets, and leaving the investors to deal with the wreckage. I’m sure Tangerine Idi Amin sees a trade or shooting war as a potential cash cow with the added benefit of rallying his base and diverting attention from the Russia investigation, pee hookers and porn stars. Bolton is exactly the the right man for the job.

      Liked by 2 people

    • MDavis says:

      You appear to forget that government is not a business and should not be run like one. The goal of a business is to make money for the business owners. The goal of a government is to ensure that all citizens receive certain benefits and are protected from certain … uh, … problems(?) Or that is supposed to be the goals of those two things.

      Like

      • ming says:

        You are 100% right and I never forget that point, but a stable and fair economy is one of the certain benefits I expect from the government, You can be damn sure that these thing will not be provided by our financial markets, unregulated capitalism, or this group of profiteers.

        Liked by 1 person

      • MDavis says:

        I suspected, and made sure to include “*seem* to forget”, that y’all know full well that business is not government. It is such a common argument, though, from certain quarters that I believe it bears occasional repetition.

        Liked by 1 person

  4. donnah says:

    In a big surprise to exactly no one, Trump merchandise made in China isn’t covered under a tariff. So, MAGA hats, duty free!

    Liked by 3 people

  5. roket says:

    Sadly, when you have a bunch of clueless idiots in charge, catastrophe is sure to follow.

    Liked by 1 person

  6. RWW says:

    Soon to be real wars against nuclear armed adversaries and trade wars against global economic powers all handled by a so-called President who doesn’t heed or read daily briefings and is surrounded solely by grifters, incompetents and sycophants…what could possibly go wrong?

    Liked by 2 people

  7. Sir Nigel says:

    If we piss off the Chinese where will Cheetolini borrow the $$ to fund Bolton’s upcoming wars on North Korea and Iran?

    Liked by 1 person

    • Osirisopto says:

      The same people who finance his entire friggin life, and hold the mortgage on Ivanka – Russian mobsters.

      Like

  8. Osirisopto says:

    Q: What stocks is Ivanka shorting these days?

    Liked by 2 people

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