Reply to thread

Message

<blockquote data-quote="MrFedEx" data-source="post: 2525365" data-attributes="member: 12508">How long do you think this will last once the Trump honeymoon phase is over? Wall Street has just been handed the keys to the candy store, and businesses are feeling confident that the anti-worker, free market, and ultra-pro business stance of the Trump administration will continue low wages and spike profits. Add-in the &quot;no such thing as global warming&quot; facet, and it&#039;s all 7&#039;s on the slot machine.Smith has already blasted Trump&#039;s anti-trade policies. You&#039;re not bright enough to think beyond today, but Smith is. He absolutely knows that the future of FedEx depends on a global economy, NOT a return to the protectionist 1950&#039;s dream that the GOP envisions.Apple products are not going to be made in the USA, nor are Nikes, most cars, and almost everything else that is sourced GLOBALLY. Cheaply made foreign goods are a subsidy that low and middle income Americans enjoy, but don&#039;t understand. Very few jobs are going to be repatriated to the USA because it&#039;s just too profitable to have someone in China making $2 per hour (or less) producing them.Reagan did the same thing in the 80&#039;s with Trickle-Down, and Hillary was right. Trump&#039;s policies are nothing more than &quot;Trumped-Up Trickle Down&quot;...her phrase, not mine. You and I aren&#039;t going to see increased wages, but the top 1% are going to be rolling in it between huge tax breaks and an anti-worker/pro-business government.The rich will buy bigger yachts, nicer homes and planes, and make a better life for themselves, not their workers. Maybe a nice new home in Hawaii or that G650 instead of that crappy Cessna jet we have now. They don&#039;t care about the middle class...never have, and never will. Trump told you a pack of lies, and you bought them all.Smith feels cheated because his business depends on free GLOBAL trade, and he is spending a buttload on new Boeings, the TNT purchase, and has a business model dependent on the growth of international trade. Protectionist policies will kill FedEx, and Fred&#039;s profits...long-term. And he knows it, or he wouldn&#039;t be firing away at Trump so freely.Smith&#039;s arguments on decreasing the corporate tax rate are a straw man because FedEx perennially pays little to nothing in Federal taxes due to massive write-offs, so I&#039;ll disagree with him there.But, for once, I&#039;ll agree with Smith that Trump&#039;s trade policies will be a disaster, and the days of $200 stocks and a 20,000 Dow will be long gone when China and other international players fight back.The #2 market for GM cars in the world? China. The purchaser of one-third of Boeing&#039;s airplanes?. China. Who do you think owns a large percentage of our national debt? That would be China. But you don&#039;t know that, because you&#039;re not very smart.Trump is an idiot, but Smith is not. He&#039;s a weasel for sure, but a smart weasel that sees trouble coming fast.I&#039;d sell now.</blockquote>

[QUOTE="MrFedEx, post: 2525365, member: 12508"] How long do you think this will last once the Trump honeymoon phase is over? Wall Street has just been handed the keys to the candy store, and businesses are feeling confident that the anti-worker, free market, and ultra-pro business stance of the Trump administration will continue low wages and spike profits. Add-in the "no such thing as global warming" facet, and it's all 7's on the slot machine. Smith has already blasted Trump's anti-trade policies. You're not bright enough to think beyond today, but Smith is. He absolutely knows that the future of FedEx depends on a [B]global economy, [/B]NOT a return to the protectionist 1950's dream that the GOP envisions. Apple products are not going to be made in the USA, nor are Nikes, most cars, and almost everything else that is sourced GLOBALLY. Cheaply made foreign goods are a subsidy that low and middle income Americans enjoy, but don't understand. Very few jobs are going to be repatriated to the USA because it's just too profitable to have someone in China making $2 per hour (or less) producing them. Reagan did the same thing in the 80's with Trickle-Down, and Hillary was right. Trump's policies are nothing more than "Trumped-Up Trickle Down"...her phrase, not mine. You and I aren't going to see increased wages, but the top 1% are going to be rolling in it between huge tax breaks and an anti-worker/pro-business government. The rich will buy bigger yachts, nicer homes and planes, and make a better life for themselves, not their workers. Maybe a nice new home in Hawaii or that G650 instead of that crappy Cessna jet we have now. They don't care about the middle class...never have, and never will. Trump told you a pack of lies, and you bought them all. Smith feels cheated because his business depends on free GLOBAL trade, and he is spending a buttload on new Boeings, the TNT purchase, and has a business model dependent on the growth of international trade. Protectionist policies will kill FedEx, and Fred's profits...long-term. And he knows it, or he wouldn't be firing away at Trump so freely. Smith's arguments on decreasing the corporate tax rate are a straw man because FedEx perennially pays little to nothing in Federal taxes due to massive write-offs, so I'll disagree with him there. But, for once, I'll agree with Smith that Trump's trade policies will be a disaster, and the days of $200 stocks and a 20,000 Dow will be long gone when China and other international players fight back. The #2 market for GM cars in the world? China. The purchaser of one-third of Boeing's airplanes?. China. Who do you think [B]owns [/B]a large percentage of our national debt? That would be China. But you don't know that, because you're not very smart. Trump is an idiot, but Smith is not. He's a weasel for sure, but a smart weasel that sees trouble coming fast. I'd sell now. [/QUOTE]

Verification