How Republican(Democratic) are you

[Giantone]

Originally Posted by Buffalo Bob

The tariff's are the ones that got me, they created havoc. They did not work as intended when it came to steel and aluminum raw materials. Even though not subject to tariffs the suppliers raised their prices on USA sourced materials. The mills charged the wholesalers more and the wholesalers added extra markups on top of that.

Some items went up 50% over night, it was like places were just were trying to find the tipping point of what they could get away with. Of course they all blamed tariffs. Material salesman made up all kinds of crazy lies to try to justify the absurd price increases.

The big annoyance to me was when bidding on a job you could no longer make an assumption on metal prices or availability. Instead of just assuming 300 pounds of 2" round aluminum will be about $2.50 per pound and they will have plenty on the shelf I have to call or e-mail for price and delivery. Of course I am not the only on that now wants pricing in writing on everything so the sales offices are swamped with requests. Sales haven't increased just paperwork so the companies aren't going to add staff.

A quote for metals that used to take minutes now can take over 24 hours, total PITA. Trump just seems to throw crap on the walls and see what sticks. As much as he disgusts me I will take him over Hillary Clinton. At least with Trump all his warts are out in the open for all to see. Hillary is like a poisonous snake in the grass. She wants money and power and would eat her grandchildren to get it.

I guess you can see that my beef is with the hit the Farmers took,they struggle as it is now and he pulls this shit . He was going to save coal and that hasn't happen yet and ..........the Vets, while I admit it's not trumps fault at the VA he has done what all the others have done ..talked alot and done very little.

[Giantone]

https://www.yahoo.com/finance/news/t...143323117.html



Trump's trade war with China is damaging the US economy: top economist
Brian Sozzi 8 hours ago

The stock market is on fire, but that doesn’t mean President Donald Trump’s ongoing trade war with China isn’t starting to do real damage to the U.S. economy.

Investors could ignore the economic warning signs for now, though eventually they will probably pay for tossing a blind eye to it. “The fingerprints of the trade war were on this employment report, they are weighing on the economy,” Moody’s Analytics Chief Economist Mark Zandi said on Yahoo Finance’s The First Trade. “Growth is slowing because of the trade war and the uncertainty created by that. I think it will become more evident going forward.”

The report Zandi referenced is the June ADP employment figures released Wednesday. The U.S. private sector added a disappointing 102,000 positions in June, lower than the 140,000 positions Wall Street was predicting. Last month’s reading represented the smallest increase in private positions since the start of the economic expansion.

While larger businesses were adding, small businesses with fewer than 50 employees saw a drop of 23,000 positions. Meanwhile, businesses with 19 or less employees reduced payrolls by 37,000 positions.

The sector that continues to see weakness was the goods-producing sector, with construction falling by 18,000 positions. Within the services-producing sectors, leisure and hospitality added a meager 3,000 positions in June.

The ADP report joins a long list of reads on the U.S. economy — from a lackluster quarter for transport giant FedEx (FDX) to cooling ISM manufacturing results — that paint the economy in a less than stellar light.