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The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent told CNBC in an exclusive interview Wednesday...
“So we’re going to set price floors and the forward buying to make sure that this doesn’t happen again and we’re going to do it across a range of industries,” the Treasury secretary said, without naming specific industries the administration was looking at beyond rare earths.
I think one of the big issues that the Republican Party has is that it has abandoned its attempt to have an intellectual framework behind it. There was a time when they attempted in the 1970-1990s period to have universities and academics propose solutions and ideas. What we're seeing now is another sign of the MAGA anti-intellectual rot that has taken over the Republican Party.No. Fascism. The people are not paying into this venture for the benefit of the common good.
“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” — Benito Mussolini
Socialism: The stage in Marxist-Leninist theory intermediate between capitalism and communism, in which the means of production are collectively owned but a completely classless society has not yet been achieved.
No one is batting an eye about the $20 billion for Argentina because it is all going to Bessent's friends...the lenders. And now Trump is about to peel off another $20 billion for Argentina's loans.I think one of the big issues that the Republican Party has is that it has abandoned its attempt to have an intellectual framework behind it. There was a time when they attempted in the 1970-1990s period to have universities and academics propose solutions and ideas. What we're seeing now is another sign of the MAGA anti-intellectual rot that has taken over the Republican Party.
It is true that all of these political theories have a different facet of how private money and government power interact. It is true that fascism views corporate power as comingled with government power.
Ownership is another issue.
When you have government taking ownership stakes in corporations- with ill-defined mechanisms of how stocks become "owned" by government, that's closer to socialism. When Biden and Harris talked about investigating grocery suppliers for price-gouging in 2023-2024, they were accused of being socialists and "price-fixing", with some Republicans going as far as to suggest that Harris was toying with Communism.
Did you see any Republicans shaking their fists and doing interviews on Fox News about the Trump Administration "price-fixing" and socializing corporations? They were awfully mad when Obama and Biden invested taxpayer money in grants to green energy and computer chips. Where's the outrage over having the government having outright ownership stake in private corporations?
Giving $20 billion to Argentine and telling Argentinians to vote for their current leader, "or else" is pretty Soviet-era Communist strategy. These same Republicans railed for years about The Marshall Plan, the IMF and US government "loans" to other countries.
The crowd in government at the moment is so bereft of any intellectual framework, or a organized plan, that it looks chaotic to the point that we can't decide whether it's fascistic or socialistic. They're literally pulling stuff out of their ass on a daily basis without any discussion with experts or academics who actually might know something about what the implications are.
Meanwhile...part of me so wishes I could feel badly about Bolton being indicted on 18 counts and I have no doubt he will beat all the charges...but this is the guy who helped enable Trump in the first term.
This is the guy who kept all the terrible stuff for his own book.
This is the guy getting his face eaten by the monster he helped create.
Federal judge demands answers from Trump admin on following order to avoid violent encounters with Chicago protesters
The sign outside the door said Courtroom 1403. But inside, it felt a lot more like the principal’s office.
“I’m not happy,” US District Judge Sara Ellis said Thursday in a stern tone no student – or attorney – wants to hear. “I’m really not happy.”
One week after the judge issued a sweeping order trying to calm the intense response of federal agents to protests against Immigration and Customs Enforcement and US Border Patrol activities in Chicago, Ellis told both sides to come back to her courtroom to have their own intense discussion.
“I live in Chicago, if folks haven’t noticed, and I’m not blind, right?” Ellis opened the hearing. “So, I don’t live in a cave. I have a phone. I have a TV. I have a computer and I tend to get news.”
