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Reply to "Trump tariffs: ruin U.S. economy until 2040"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Massive crashes in futures market already this evening and seeing it in other economies around the world. Prepare tomorrow 4/7 for a major market crash. Aaron Parnas reporting better than any news network.[/quote] Even FOX is saying that futures are in deep red territory. I think we’re cutting through “correction” territory like a hot knife through butter. [/quote] And the tariffs have only been in effect for less than a week. There is still more to come. :([/quote] We still have EU retaliatory tariffs to look forward to later this week. And the 34 percent China tariffs haven't even kicked in yet. The market is going to continue to collapse until Congress passes [b]a veto proof bill to take back their authority on tariffs[/b]. And repeals them. Even then, investment is still going to crumble because no one has faith and trust in the US now. And money hates uncertainty. [/quote] I saw that Rand Paul (R-KY) introduced a bill for this. Not sure how effective if will be if it gains traction.[/quote] the House won't take it up so it is a non-starter[/quote] Isn’t that where Meeks’s discharge petition comes in though? Of course the House needs to be in session and I’m not sure if they are coming back before Easter. [/quote] But I think even then the Senate needs 67 votes to override a veto. So that requires 30 Republicans, which is not happening. Meanwhile, Asian markets are sinking. It's amazing what a handful of Republicans can do to crash the global economy. [/quote] Why 30? There are 47 democrats in the Senate. So “just” need 13. Four are already there. And that was Thursday. If tomorrow is as crippling as is expected some more should come over. [/quote] Pp. Bad math. Need 20 to come over. So. Harder. Not impossible???[/quote] Congress doesn't need to override a veto. They only need a simple majority. The ability to regulate trade is a pure Legislative Branch constitutional power. The GOP gave this power to Trump and can take ot away anytime they want.[/quote]
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