Subj : Re: Is AI ruining social
To   : MIKE POWELL
From : Rob Mccart
Date : Sun Apr 13 2025 01:23 am

MP>A couple of days ago, the morning news was that there would be no "hitting
  >pause" this time on tariffs and that they were here to stay.  The market
  >tumbled.  Trump took to social media to tell people it was a "GOOD TIME TO
  >BUY."

MP>Later in the day, while an official was apparently speaking about the tariffs
  >staying in place, Trump interrupted and shocked the official by saying he
  >was going to pause them (except against China) after all.

MP>The markets shot up.  The next day, Trump was bragging about how he'd made
  >a couple (m/b)illion dollars and how Charles Schwab, who was apparently
  >with him, had made over 2 billion on the stock market the day before.
  >Apparently, a few congresspersons also made a lot of dough buying stock that
  >day.

Yes, it's like insider trading except it's legal..  (Questionably)

Here, if a politician has a lot of funds invested, it has to go into
a blind trust so that they don't know what they are invested in and so
won't make political decisions based on what will make them a profit.

MP>Sounds like those "in the know" are not losing money, but everyone else is.

So... situation normal ?

RM>> I couldn't quickly find current figures for the USA but in that search
  >> what came up was the estimate that, if the tarrifs currently on hold
  >> come through and stay, it will cost the USA over 2 million jobs.

MP>They are already costing jobs.  One IT company has hit pause on a billion
  >dollar investment in jobs in Ohio (M$ or Apple, I think), and another has
  >hit pause on what is at least a multi-million dollar investment in a battery
  >plant in Kentucky.

They closed another GM plant in Canada yesterday for at least several
months, although they say that has more to do with poor sales of
electric cars than Trump's doings..  (for a change..)     B)

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 * SLMR Rob  * Whatever it is, be against it
 * Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105)

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