dumber than a sack of bricks.” Musk responded Tuesday to trade adviser’s suggestion on CNBC Monday that the Tesla boss was “not a car manufacturer” but “a car assembler.” Musk:
Musk is correct, Navarro's policies are wrong. Look no further than the 1930 Smoot-Harley Tariff Act that brought on the Great Depression. These current trade policies will take us there again if smarter and saner heads do not prevail.
From Cato, “Many scholars have long agreed that the Smoot-Hawley tariff had disastrous economic effects, but most of them have felt that it could not have caused the stock market collapse of October 1929, since the tariff was not signed into law until the following June. Today we know that market participants do not wait for a major law to pass, but instead try to anticipate whether or not it will pass and what its effects will be.” Lies do not become you!
Musk and the other billionaires are just butt hurt that their fortunes are disappearing down the tube under President Trump's and Navarro's policies. Their wealth is being distributed much as Karl Marx advocated for in his day when he was a backer of the Republican Party.
Hey Elon, as a punk rocker you would know that with you big black boots and an old suitcase
I do believe you'll find yourself a new place. You don't wanna be the bad guy. You don't wanna do your sleepwalk dance anymore. You just wanna see some palm trees. You will try and shake away this disease. You can live beside the ocean. Leave the fire behind. Swim out past the breakers. Watch the world die. LMFAO!!
All history is biased by the narrators. We are told a story in history classes when we are impressionable kids and we lap it up as reality. It is easy to second guess why the actions were taken but the nuances are lost.
I am sure Trump is aware of this publicly available information and yet he took the step.
He has been repeatedly called a predictable moron but he has confounded everybody all the way for the last 10 years. So may be his moves are calculated?
I respect Musk for stepping up and spending dough to help Trump get elected! That said, Peter Navarro has been around much longer than him, and is the ultimate loyal American Patriot! He’s called each and every economic play from day one! When Trump won the first time, he accurately predicted the rise of the stock market and they all laughed.
Navarro was with Trump throughout. He even went to jail instead of bailing out when Trump's future was looking hopeless.
He did not show up a month before the election when it was becoming clear that Trump will win unless cheated out. I also don't recall Navarro doing shenanigans like jumping up and down on the stage to whip up the crowd. Musk spotted an opportunity and jumped on to the winning team. He will likely bail out if this thing goes south.
I find this shit funny, that so many people are falling for the media bull shit narratives, oh the markets are going to crash, tariffs are going to increase the cost of goods etc—we impose strong tariffs on China in 17-18 and nothing like that happened. They were bitching and whining when the Fed & treasury was juicing the markets to over 40,000! The lords of easy money on Wall Street doesn’t want the globalist system to be reorganized because they want the little guy to be supplicants
The MSM is synonymous with the Democrat party. This is exactly why the Fed and Wall Street are working against Trump’s agenda. Globalism means more power and money for them, less money in the hands of the people. You nailed it Wolf.
What person in the DC Swamp isn't a moron? That is why we keep experiencing a totally malfunctioning government which has answers to none of the problems it has created. They create the problems, not the citizens who go batty trying to follow their nonsense. What problem invented by government has it gone on to alleviate? Name one of any substance.
Elon Musk says he's leaving DOGE at the end of May. Trump puts Tariffs on, and then off. The only country threatening to fight economically is China, and who knows how that will play out...
got to have something in place that equalizes different locations that is based on
minimum wage, regulations such as pollution, etc...
a free market means that everyone is free to do as they please... that isn't how it is... there is always the government getting in the way. regulations, taxes... minimum wages, which translates into higher wages that get paid higher then minimum wage... such as minimum wage times 2.
now if you use a lot of electricity and you are producing a product that uses electricity such as aluminum.. that shouldn't go into the calculation of tariffs on the other side.
hydro is inexpensive energy all that needs is put a paddle wheel into a river and there is the power.
-------- see the difference of when tariff should be use to equalize things and when you don't?
as far as Musk being a car maker, Yes.... unless someone can show me where i can order all the parts and assembler it myself without going Telsa OEM....
The difference between Biden/Obama/Harris and the Trump/Vance administration is that people in the Trump administration don’t have to be in lockstep like the puppet globalists. There is room for debate because we take the Constitution and the 1st amendment seriously.
Nope, sorry but Smoot-Harley had almost nothing to do with the great depression. That was baked into the cake well beforehand and the Tarrifs were a response to raise revenue in hopes of blunting the coming recession. Some historians try to blame those particular measures because they don't like Tarrifs but in doing so they damage their own reputations as historians. As far as the pissing match goes, boys are always going to be boys.
This is all a fight between the entrenched and the ones left out. The entrenched are those who got fat in the last 15 years and don't want anything to change. Musk is entrenched. For all the talk about being nimble and smart and accepting change, he shuns it.
News flash, most automakers as well as large durable goods manufactures are assemblers. They don't make every part that goes into the car or product, they source many of them from suppliers. Some parts are made internally by the company and some are made by suppliers. In fact, by part number, I'd say the majority of parts that go into any car are externally sourced, thus the automaker is more of an assembler than a manufacturer. All American made cars probably have a lot of content that is sourced from foreign suppliers.
Maybe try thinking for yourself, rather than continue the habit of having others do your thinking for you.
Any and all wealth is created by voluntary, and thus mutually beneficial transaction. Not by imposing taxes (=tariffs), attempting to gain at the expense of others.
The egos running around the White House sure must be something.
wish we were sitting there...ha ha ha
Oh to be a fly on the wall, hehe.
Musk is correct, Navarro's policies are wrong. Look no further than the 1930 Smoot-Harley Tariff Act that brought on the Great Depression. These current trade policies will take us there again if smarter and saner heads do not prevail.
great sharing...deep insight
I’m long Peter Navarro, he’s called it right since 2016! Nailed exactly what the Biden economy would do!
The 1930 Smoot-Hawley Act didn’t cause the Great Depression—it worsened an already crashing global economy.
From Cato, “Many scholars have long agreed that the Smoot-Hawley tariff had disastrous economic effects, but most of them have felt that it could not have caused the stock market collapse of October 1929, since the tariff was not signed into law until the following June. Today we know that market participants do not wait for a major law to pass, but instead try to anticipate whether or not it will pass and what its effects will be.” Lies do not become you!
Musk and the other billionaires are just butt hurt that their fortunes are disappearing down the tube under President Trump's and Navarro's policies. Their wealth is being distributed much as Karl Marx advocated for in his day when he was a backer of the Republican Party.
Hey Elon, as a punk rocker you would know that with you big black boots and an old suitcase
I do believe you'll find yourself a new place. You don't wanna be the bad guy. You don't wanna do your sleepwalk dance anymore. You just wanna see some palm trees. You will try and shake away this disease. You can live beside the ocean. Leave the fire behind. Swim out past the breakers. Watch the world die. LMFAO!!
All history is biased by the narrators. We are told a story in history classes when we are impressionable kids and we lap it up as reality. It is easy to second guess why the actions were taken but the nuances are lost.
I am sure Trump is aware of this publicly available information and yet he took the step.
He has been repeatedly called a predictable moron but he has confounded everybody all the way for the last 10 years. So may be his moves are calculated?
I respect Musk for stepping up and spending dough to help Trump get elected! That said, Peter Navarro has been around much longer than him, and is the ultimate loyal American Patriot! He’s called each and every economic play from day one! When Trump won the first time, he accurately predicted the rise of the stock market and they all laughed.
he also did a pinch for the Prophet
Navarro was with Trump throughout. He even went to jail instead of bailing out when Trump's future was looking hopeless.
He did not show up a month before the election when it was becoming clear that Trump will win unless cheated out. I also don't recall Navarro doing shenanigans like jumping up and down on the stage to whip up the crowd. Musk spotted an opportunity and jumped on to the winning team. He will likely bail out if this thing goes south.
NAVARRO SPENT TIME IN JAIL FOR 47- MUSK HAS TO FUCKING PUT A MUTE IN IHIS MOUTH-THIS INFIGHTING IN PUBLIC IS REALLY BAD
I find this shit funny, that so many people are falling for the media bull shit narratives, oh the markets are going to crash, tariffs are going to increase the cost of goods etc—we impose strong tariffs on China in 17-18 and nothing like that happened. They were bitching and whining when the Fed & treasury was juicing the markets to over 40,000! The lords of easy money on Wall Street doesn’t want the globalist system to be reorganized because they want the little guy to be supplicants
The MSM is synonymous with the Democrat party. This is exactly why the Fed and Wall Street are working against Trump’s agenda. Globalism means more power and money for them, less money in the hands of the people. You nailed it Wolf.
What person in the DC Swamp isn't a moron? That is why we keep experiencing a totally malfunctioning government which has answers to none of the problems it has created. They create the problems, not the citizens who go batty trying to follow their nonsense. What problem invented by government has it gone on to alleviate? Name one of any substance.
Elon Musk says he's leaving DOGE at the end of May. Trump puts Tariffs on, and then off. The only country threatening to fight economically is China, and who knows how that will play out...
i like the tariff idea...
got to have something in place that equalizes different locations that is based on
minimum wage, regulations such as pollution, etc...
a free market means that everyone is free to do as they please... that isn't how it is... there is always the government getting in the way. regulations, taxes... minimum wages, which translates into higher wages that get paid higher then minimum wage... such as minimum wage times 2.
now if you use a lot of electricity and you are producing a product that uses electricity such as aluminum.. that shouldn't go into the calculation of tariffs on the other side.
hydro is inexpensive energy all that needs is put a paddle wheel into a river and there is the power.
-------- see the difference of when tariff should be use to equalize things and when you don't?
as far as Musk being a car maker, Yes.... unless someone can show me where i can order all the parts and assembler it myself without going Telsa OEM....
The difference between Biden/Obama/Harris and the Trump/Vance administration is that people in the Trump administration don’t have to be in lockstep like the puppet globalists. There is room for debate because we take the Constitution and the 1st amendment seriously.
Nope, sorry but Smoot-Harley had almost nothing to do with the great depression. That was baked into the cake well beforehand and the Tarrifs were a response to raise revenue in hopes of blunting the coming recession. Some historians try to blame those particular measures because they don't like Tarrifs but in doing so they damage their own reputations as historians. As far as the pissing match goes, boys are always going to be boys.
Driving a Tesla is like driving a bomb waiting to explode, I would never own one and I driving anywhere around them.
This is all a fight between the entrenched and the ones left out. The entrenched are those who got fat in the last 15 years and don't want anything to change. Musk is entrenched. For all the talk about being nimble and smart and accepting change, he shuns it.
News flash, most automakers as well as large durable goods manufactures are assemblers. They don't make every part that goes into the car or product, they source many of them from suppliers. Some parts are made internally by the company and some are made by suppliers. In fact, by part number, I'd say the majority of parts that go into any car are externally sourced, thus the automaker is more of an assembler than a manufacturer. All American made cars probably have a lot of content that is sourced from foreign suppliers.
All wealth is generated by trade. Navarro is indeed not someone to be taking advice from.
So we should take advice from you? I beg to differ
Maybe try thinking for yourself, rather than continue the habit of having others do your thinking for you.
Any and all wealth is created by voluntary, and thus mutually beneficial transaction. Not by imposing taxes (=tariffs), attempting to gain at the expense of others.