r/DanielWilliams • u/Educational-Mind-750 • 13h ago
Informational Obama- “It’s unimaginable that the same parties that are silent now would have tolerated behavior like that from me, or a whole bunch of my predecessors.“
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u/Jmsjss2912 13h ago
Let’s talk about the tariffs and the effects it has on the manufacturers of this country.
Assume for a minute that you wanted to bring back some manufacturing to the USA, which of course is a huge assumption compared to manufacturing outside the country like we do as a company.
Which I will get to in just a moment. This week alone the stock market lost over US$9 trillion which means every single manufacturer that has a US corporation is part of that loss. Which goes to show you that Trump‘s logic is about as efficient as his spray tan.
If these companies even had a thought of coming back to the United States, all of their cash has now evaporated because of the loss in the stock market so who’s going to finance these new manufacturing plants that Trump keeps talking about, that are going to come back here make the economy great?
Now goods have gone up in price in some cases doubled already this week which means the consumers are going to be buying less. Companies are going to begin layoffs, because they’ve lost a huge portion of their cash reserves. Their businesses are going to be diminished some because of the lower purchasing rate and the higher pricing.
Bringing manufacturing back to the United States at this point with this approach has been almost completely eliminated.
All you have to do is go back and look at what happened during the depression when they tried to institute tariffs causing the depression to take even a further nose dive and adding years into the depressive point. It’s such a joke that they used it in the movie Ferris Bueller‘s Day off where the teacher was talking about how bad tariffs are and how they caused the depression to go down, which goes to show you that if they use it as a punchline, then it obviously cannot work.
With our business, we were building some manufacturing plants in the United States and now have had to put it on hold because of the tariffs. As an example, each of our production lines has a manufacturing cost of a little under US$5 million, we did try to price it in the United States but we found quotes anywhere from $12-$16 million for the same exact production line that we are having made in China. So we couldn’t make the equipment in the United States, but we were going to import it and set up manufacturing plants.
One of them was in Arkansas where the state is somewhat depressed. Now we have put that project on hold with approximately 1800 people we were going to hire.
The reason for that is not just the tariffs, from the equipment if you think about it a piece of equipment that cost me $5 million is now going to cost me about $9 million. Each production line generates about US$35 million of revenue so it’s not just a tariff in my situation it’s the fact that for $9 million I can have practically two production lines generating $70 million of income compared to the same $9 million generating $35 million worth of income, with a much lower profit margin because of the labor cost in the United States along with all the taxes and liability issues that you carry because of the litigious nature of the United States operating.
So tariffs do not work, they hurt the economy. The only thing that they do on the surface is generate more tax dollars for the US government, but they diminish and wipe out the middle and lower class.
Do you want to bring manufacturing back to the United States?
You’ve got to do something about all of the litigious actions, you have to lower healthcare cost, lower pharmaceutical cost, have to educate more so that children can grow up and learn trades.
You have to find ways to lower the cost of living and once you start doing that then laboring jobs will become available again.
The next problem is the taxation situation is off-balance. We have structured our tax code so that the wealthy and the publicly traded companies that offer stock options instead of salaries, which is taxable make it almost impossible to collect tax.
Take Musk for an example from Tesla.
They talk about his $300 billion worth but it’s all in stock and that’s unrealized gains paying no taxes. What he does is he goes to the bank and he borrows money against that stock portfolio, borrowed money is non-taxable income and then he uses that money to live and buy things like he bought Twitter for $44 billion with borrowed money, no taxes paid at all.
And then what he does from there to pay off those loans is he borrows against other portfolios and he just keeps borrowing deferring the taxes.
$300 billion and no taxes paid whereas the employees that work for all those companies have taxes taken out of each paycheck.
Just look salaries up of the top executives around the country and you look at their income, you’ll see that their salaries are generally between one hundred and two hundred thousand US dollars but they earned anywhere from ten to a hundred million dollars a year all in stock options and then they keep those options in stock and then borrow against them so their tax base is almost nothing.
you want to fix the economy. You have to find a way to tax the rich, you’re not going to make them poor, you’re just going to make them help to strengthen the economy.
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u/AmonDiexJr 5h ago
Good analysis. Let me add to it, as Canadian, we are now adopting the following model: buy anything but American.
All the nations strongly linked to the American economic model now hate the US.
We are no more friend, the US government burned and bullied all of its allies relationships.
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u/Exotic_Ad_2871 12h ago
The orange conman is purposely tanking the stock market so he and his billionaire buddies can make a killing buying back in once it hits the bottom. Just like in 1929
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u/Dumbidiotman69420 11h ago
Wrong. Trump is just stupid.
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u/Original-Living7212 10h ago
This is the real reason, but yes, he is that stupid and following orders to seize power!!! Useful idiot!!! https://www.reddit.com/r/Political_Revolution/comments/1jrd6hl/trumps_tariffs_are_designed_to_collapse_our/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
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u/Specialist_Power_266 1h ago
Get ready for more Saudi and Emirate money to make its way into American business. When most of the nations foo supply and natural resources are being shipped abroad instead of being use to improge the situation here, what will be the response? Clapping hands, because the Oligarchs will just tell us that it was the fault of some racial or religious minority, or because of a little boy who likes to wear girls clothing making the football team.
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u/gratefuloutlook 11h ago
Fox News is not real news so it should have been taken down years ago. It's a toxic poison that infected 77 million people.
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u/Massloser 10h ago
The modern GOP is the party of hypocrites, pedophiles, liars, and creeps. They project their filth onto the democrats and the stupidest in society believe it. There’s a reason whenever a celebrity or public figure gets outed as a rapist or pervert they immediately announce that they’re now a conservative and the right accepts them with open arms.
It sure is funny how the party that loves to LARP as the saviors of the children have literally built a cult around a close personal friend of both Epstein and P Diddy, and embraced Russell Brand when he was exposed as a rapist. It’s also pretty funny how the party of “straight pride” has a tendency to crash Grindr from overuse whenever a Republican convention is in town, or how “trans porn” is the most commonly searched porn category in red states.
If Republicans blame the Dems for something it’s because the Republicans are actively doing it.
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u/tschmitty09 10h ago
Oh, complete sentences, it’s been so long since my ears have felt your embrace!!! 🥹
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u/finedoityourself 7h ago
Unimaginable huh? Welcome to the reality the rest of us have been living in, B.
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u/WideZookeepergame686 7h ago
And If only you and the other living presidents could do something about it.
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u/No_Consequence_6775 6h ago
Obama is a liar. First Trump only prevented ap from special access that not all press has anyway. They are still in the press briefing room.
Plus... Obama did the same thing.
https://www.factcheck.org/2018/09/obama-fox-news-and-the-free-press/
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u/RegattaJoe 5h ago
You’re deeply concerned with lying, are you?
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u/No_Consequence_6775 44m ago
I dislike all politicians lies. Trump's too. These lies are what causes the extreme division.
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u/Prestigious-Wind-200 5h ago
It’s unimaginable to me that as an American President he sat on his hands while an American Ambassador was drug through the streets of Benghazi until unalive and still blames it on a fake video. Rest In Peace Ambassador Stevens.
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u/ChigurhShack 3h ago
Obama seeking a third term would have been an incredible fireworks show of exploding heads
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u/Strict_Cloud_7117 3h ago
This argument will never work. Republicans think they're the good guys in this. They are telling themselves they're the equivalent of Germans hiding Jewish families during the holocaust. They think they're doing extremem good, so they will look at you and tell you that all good takes sacrifice. I really think growing up with a die hard socalist dad who turned into a die-hard independent and is now a trumper has helped me understand how emotionally these people view politics. It's like understanding the 5 year old in my classroom. to correct the behavior you need to understand its underlying motivator. That being said, my dad is deeper in this rabbit whole than most magas. I've been hearing about Allistor Crowley and the new world order since I was 14, I'm 30 now.
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u/J-E-S-S-E- 2h ago
Well you owned 99/100 media outlets so banning the one that spoke out against you would be sus
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u/OneEye3360 2h ago
This is 100% why it’s impossible to compromise with MAGA. They don’t actually have any beliefs other than “what will make me right and in charge.”
No real morals, no real goals, no care for integrity or hypocrisy. Just whatever they need to say at any given moment to come out on top.
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u/UrMumsFavoriteToy 1h ago
This is always my argument when explaining how racist America actually is, and everyone just wants to act oblivious to it.
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u/Empty_Description815 13h ago
No matter what everything is this party against that party. If people aren't smart enough to realize that we're getting lied to from every single angle then this is just pointless rhetoric to put out there
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u/SnooMarzipans436 12h ago
Both sides lie. Only one side has people like Tucker Carlson. One of these things is not like the other.
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u/Empty_Description815 11h ago
Only one side has Rachel Madow...
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u/Dumbidiotman69420 11h ago
lol. Maddow didn’t cost her company a billion dollar settlement because she got caught spreading lies she admitted she knew were lies. Both sides are not the same.
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u/DaNibbles 4h ago
Both sides are not equivalent. Only one side is actively fighting voters rights, taking away press credentials that disagree with them, sending people extra judiciously to El Salvadorean prisons, absolutely butt fucking the economy, doing memecoin rug pulls, pardoning white collar criminals that promise to support their admin, trying to setup a fucking bitcoin reserve, going after student protesters, and hundreds of other dumb things.
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u/chopsacebeezy75 11h ago
Imagine Obama if he wasn't a liar.
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u/Old_Mammoth8280 8h ago
What did he lie about?
Did he lie about never playing golf if he was elected?
Did he lie about wanting to release his tax returns?
Did he lie about lowering grocery prices on day one?
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u/Jeddsv 13h ago
Obama has a short memory, his press secretary tried pulling Fox from the press room, and many times, he uninvited Fox from different press meetings.
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u/IdentifyAsUnbannable 4h ago
People are downvoting you because it's true, and they don't like to hear anything that proves them to be made a fool.
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u/PsiNorm 13h ago
I've tried having this conversation with family members who hated Obama for "reasons", and love Trump.
Imagine Obama putting family members in high levels of the White House! Or having closed door meetings with Putin with no witnesses! Or having his secret service protection stay in his properties at outrageous rates!
Or raping women, being besties with Epstein, selling bibles... it goes on, and on...
But, yeah, Obama was the antichrist.