American Election 2024

Sbooker said:
Does Rupert/Lachlan really buy into all the MAGA stuff? Or is it just about readership and advertising revenue?
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Sbooker is an Aussie and has presumably seen/red about Rupert's entire career. He should have more insight than any of us. I do not think the Murdoch's were in favor of Trump when he was first running in 2015. After he won the nomination in 2016 is when they started supporting him.

However:
The New York Post’s editorial board also offered strong words against the former president in its own editorial on Friday [July 22, 2022 after the January 6 Committee relased its report] “It’s up to the Justice Department to decide if this is a crime. But as a matter of principle, as a matter of character, Trump has proven himself unworthy to be this country’s chief executive again,” the Post editorial said.
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But then the Post endorsed Trump in 2024.
 
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Tony Crocker said:
Sbooker is an Aussie and has presumably seen/red about Rupert's entire career. He should have more insight than any of us. I do not think the Murdoch's were in favor of Trump when he was first running in 2015. After he won the nomination in 2016 is when they started supporting him.

However:

But then the Post endorsed Trump in 2024.
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Hence the question. I can’t keep up with Murdoch’s views.
Regardless I do think they and other big media players have way too much influence on society and politics.
 
Sbooker said:
Does Rupert/Lachlan really buy into all the MAGA stuff? Or is it just about readership and advertising revenue?
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As a longtime NY Post reader, it's pretty obvious that the Murdoch empire's position is fueled by its effect on readership and advertising revenue, not political beliefs.

The trajectory that Tony notes shows how the editorial board flipped for Trump before the 2016 elections then against him following January 6 (including all of its opinion columnists, clearly a directive from Rupert), then gradually returned to the fold by early 2023 when it was clear that the MAGA base didn't care about the insurrection and Trump would be the Republican nominee.
 
Sbooker said:
Does Rupert/Lachlan really buy into all the MAGA stuff? Or is it just about readership and advertising revenue?
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I'm guessing that the latter is what ultimately drives the ship here but I would guess Rupert and Lachlan probably have conservative leanings, although not full-blown MAGA tendencies (whatever that may be?).
 
The world is in immense danger as is. Military deterrence is a necessity. At all times, the goal is security.

And then you have events like Iraq Invasion. Was revenge the goal instead?

Events like Signal. Was playing with new toys the goal instead? 🙏🙏👊🇺🇲🇺🇲
 
It is quite impressive how one man can dismantle the world‘s largest economy in two months and also at the same time fellate Putin
Quite the feat
 
I’ve been in two tour groups the past couple of days. The first day there was a young couple from San Francisco. They told us they had been traveling in Europe for a few weeks and had told people they were Canadians a few times.
Yesterday there was an older couple from Kansas in the group. The fellow announced that he “proudly voted for Trump”.
Quite the contrast.
 
Sbooker said:
I’m just about ready to pull the trigger.
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Trump does not have the balls to go against the business community for too long. He will fold. Nothing is based on logic or economic policy with these tariffs. They are all based upon balance of trade.

And what's the logic of focusing on tariffs first over deregulation, reform, or tax policy - burning all this political capital?

The guy lives with a distorted 1980s tariff/manufacturing view - perhaps the only consistent belief. Otherwise, it's whatever serves his self-interest: pro-abortion/anti-abortion, Democrat/Republican, pro-Ivy League/anti-Ivy League, employ undocumented workers/round them up and deport them, etc. He's just so personally and mentally flawed.

However, my favorite thing that Trump has done is to poke fun at crypto by releasing the $MELANIA and $TRUMP meme 'sucker' tokens and helping tank the most recent Bitcoin bubble.

Having spent almost my entire career in Financial Technology (B2C payments, B2B payments, Wires, Smart Cards, Virtual Cards, Purchase Cards, Dynamic Discounting, Supply Chain Finance, Blockchain for Business, etc.), I despise what crypto has become—a bubble asset only used by terrorists/pariahs and traded by crypto bros.
 
ChrisC said:
Trump does not have the balls to go against the business community for too long. He will fold. Nothing is based on logic or economic policy with these tariffs. They are all based upon balance of trade.

And what's the logic of focusing on tariffs first over deregulation, reform, or tax policy - burning all this political capital?

The guy lives with a distorted 1980s tariff/manufacturing view - perhaps the only consistent belief. Otherwise, it's whatever serves his self-interest: pro-abortion/anti-abortion, Democrat/Republican, pro-Ivy League/anti-Ivy League, employ undocumented workers/round them up and deport them, etc. He's just so personally and mentally flawed.

However, my favorite thing that Trump has done is to poke fun at crypto by releasing the $MELANIA and $TRUMP meme 'sucker' tokens and helping tank the most recent Bitcoin bubble.

Having spent almost my entire career in Financial Technology (B2C payments, B2B payments, Wires, Smart Cards, Virtual Cards, Purchase Cards, Dynamic Discounting, Supply Chain Finance, Blockchain for Business, etc.), I despise what crypto has become—a bubble asset only used by terrorists/pariahs and traded by crypto bros.
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Yea, my guess is that both Trump and many of these foreign countries will "fold", whereby the foreign countries - Japan, Canada, Germany, France, etc. - will agree to reduce tariffs on goods imported from the United States and will also agree to buy more goods - agricultural products, oil and gas, etc - directly from the US (a de minimus amount) and Trump will then lower these new draconian tariffs on those countries' exports and declare victory. The fact is that many of these countries NEED to export to the US. For many countries, it is a significant percentage of their GDP and it will wreak havoc inside those countries if those exports are killed by the higher tariffs. And no doubt the US needs at least some of these imports as part of the supple chain (although I'm not sure it will kill the US economy if people have to pay higher prices for their Mercedes or BMW's). Both sides have too much to lose if the current regime stays in place for too long.

For some reason, DT has been obsessed with the trade deficit and tariffs for decades. You can find on YouTube some of his interviews when he was in his 30's where he was lambasting the then large trade deficits. I don't think he ever understood how "trade" works. It may explain why he was a "C" student at the Wharton School. It is true that low-cost imports have wiped out millions of blue collar jobs and have eliminated tens of thousands of companies in the US. Trump's tactics now are too little too late to reverse that decline. The US would have to had a much more aggressive "industrial policy" (tariffs, direct subsidies to US manufacturing, import controls. etc.), starting 50 or 60 years ago to have made much of a difference.
 
ChrisC said:
Trump does not have the balls to go against the business community for too long. He will fold. Nothing is based on logic or economic policy with these tariffs. They are all based upon balance of trade.

And what's the logic of focusing on tariffs first over deregulation, reform, or tax policy - burning all this political capital?

The guy lives with a distorted 1980s tariff/manufacturing view - perhaps the only consistent belief. Otherwise, it's whatever serves his self-interest: pro-abortion/anti-abortion, Democrat/Republican, pro-Ivy League/anti-Ivy League, employ undocumented workers/round them up and deport them, etc. He's just so personally and mentally flawed.

However, my favorite thing that Trump has done is to poke fun at crypto by releasing the $MELANIA and $TRUMP meme 'sucker' tokens and helping tank the most recent Bitcoin bubble.

Having spent almost my entire career in Financial Technology (B2C payments, B2B payments, Wires, Smart Cards, Virtual Cards, Purchase Cards, Dynamic Discounting, Supply Chain Finance, Blockchain for Business, etc.), I despise what crypto has become—a bubble asset only used by terrorists/pariahs and traded by crypto bros.
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S and P up 9.5% on the back of his latest erratic move. What a clown show.
 
My above message was written before Trump's reversal, so it is somewhat out of date. I thought it more likely that our trading partners would blink first but not a total surprse ithat Trump caved in, given the dramatic decline in the stock market over the past five days or so.
 
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