The longer your compound capital, the less you need luck and the more you need Shrewdness.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 0
“we are going to replace the armies of millions and millions of human beings screwing in little screws to make iPhones. that kind of thing is going to come to America.”
WTF? Trump has surrounded himself with sycophants and as an added bonus has managed to the get the DUMBEST bunch of advisors in the history of the Presidency.
No. of Recommendations: 3
You want to believe that there must be intelligent and honest people somewhere inside the Trump economic policy trying to limit the damage ... but as with the existence of leprechauns, there is no empirical basis for this belief.
— David Frum
No. of Recommendations: 4
It reminds of when GHWBush was amazed at a scanner in a grocery store. It was embarrassing but understandable since he probably hadn't been in a grocery in years. If that kind of manufacturing comes to the US it will not be an army of people doing the assembly. It will be an army of robots.
No. of Recommendations: 2
“we are going to replace the armies of millions and millions of human beings screwing in little screws to make iPhones. that kind of thing is going to come to America.”
Out of context.
“The army of millions and millions of human beings screwing in little, little screws to make iPhones, that kind of thing is going to come to America,” Lutnick said on Sunday during an interview with CBS’s Face the Nation. “It's going to be automated.”
The zero-sum tariff policy is stupid, of course. Bringing iPhone and other high-tech manufacturing to the USA and automating it, that's a good thing.
No. of Recommendations: 7
“The army of millions and millions of human beings screwing in little, little screws to make iPhones, that kind of thing is going to come to America,” Lutnick said on Sunday during an interview with CBS’s Face the Nation. “It's going to be automated.”
So is it going to be an army of millions and millions of human beings screwing in little,little screws, that kind of thing is coming to America, OR is it going to be automated ??? It can't
be both.
Lutnick comes across as a nitwit. The casual American listener to that little boast thinks
oh, Trump's guy says millions and millions of jobs are coming to America, assembling Iphones.
Anybody with a brain knows that is total bullshite, including Lutnick ( yeah, he has a brain ).
No. of Recommendations: 9
Anybody with a brain knows that is total bullshite, including Lutnick ( yeah, he has a brain ).
I feel for him, a bit - his job requires him to make an argument for something that doesn't really have an answer, or that they haven't bothered to figure out the answer.
The Administration hasn't decided whether the tariffs are going to: i) go away after eliminate trade barriers and increase international trade; ii) raise lots of revenue by imposing a whopping duty but still have international trade; or iii) rework the global economy and having most manufacturing re-shore to the U.S. Nor do they have any idea how to square the circle that a lot of the jobs for imported physical goods pay a tiny fraction of what U.S. workers will accept - does that mean lots of automation, or lots of jobs, coming to the U.S.?
Since Trump started with the tactic he wanted to employ (Massive Tariffs For the Entire World!!!!), not the goal he wanted to achieve, spokesbeings like Lutnick don't have anything they can really commit to.
No. of Recommendations: 3
Since Trump started with the tactic he wanted to employ (Massive Tariffs For the Entire World!!!!), not the goal he wanted to achieve, spokesbeings like Lutnick don't have anything they can really commit to.
Seems he may have like the disruptive part and the he could do it in his EOs, etc. Doing it this way, anything that might be positive that comes of it can be declared a win and the goal after the fact.
No. of Recommendations: 0
Lutnick hasn't seen the ball since the kickoff.
He stands over Trump's shoulder laughing and squawking like an idiot.
All that is missing is an eye patch for Trump.
I said it last week-----IF in the end all this doesn't work in some form ----I think the gang of dysfunctional social media teenagers known as Trump's Team - will turn on Lutnick.
And then - each other.
No. of Recommendations: 2
“It's going to be automated.”
Yep, I missed that. You're right, taken out of context.
No. of Recommendations: 2
“Millions of jobs” and “it will all be automated”
That’s a very Trumpian kind of statement. Make a statement, then immediately contradict it. No matter what happens, you can point at that statement and say you were correct.
Lutnick is following the script.
—Peter
No. of Recommendations: 0
So is it going to be an army of millions and millions of human beings screwing in little,little screws, that kind of thing is coming to America, OR is it going to be automated ??? It can't be both.
It's obvious it isn't both.
It's currently an army of millions and millions of human beings screwing in little screws IN CHINA.
It's coming to America and will be automated.
Probably won't happen, but if it did it would be a GOOD THING.
No. of Recommendations: 2
I feel for him, a bit
I'm not even sure I can muster up "a bit".
No one forced him to take this job. He could have (and in hindsight might wish he had) turned it down. But he chose to make a bargain with the devil in exchange for some power. Now the power is shown to be illusory and he twisting himself in pretzels trying to put a veneer of adequacy on what may be the most incompetent administration in our history as a country.
--Peter
