Current Affairs Donald Trump POS: Judgement cometh and that right soon

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verreauxi said:
All true:
from here:
https://predictwise.com/blog/2018/06/trade-benefits-both-sides/

Trade Benefits Both Sides

David M Rothschild on Posted on June 2, 2018
President Trump is going to fail in any trade negotiations because he is a terrible negotiator. But, even more important in this case, he literally does not understand trade, which makes it very hard to do well in a negotiation.

Trump is a bad negotiator. He failed miserably when he tried to negotiate a deal for: gun safety, immigration reform, denuclearize North Korea, keep Iran not nuclearized, etc.

1) President Trump is the least informed person at any table. Everyone he deals with has a background on the issues and/or reads the briefings. That puts them at a big advantage over Trump. Trade is a good example here. Trump thinks trade is zero-sum. This is the equivalent Trump having three barbie dolls and five barbie outfits, and his opponent having two barbie dolls and five barbie outfits. Since no wealth is created by trade, he wants a deal where he just ends up with more of each thing. This is unrealistic and not useful. But, in reality there are people who have barbie dolls and then there people who have barbie outfits. And, if someone has five barbie dolls and someone else has ten barbie outfits, both sides can gain a lot by trade. The barbie outfits are very valuable to the person with five barbie dolls (and no outfits), and the barbie dolls are very valuable to the person with barbie outfits (and no dolls).

2) President Trump is not patient. Negotiations are hard and take time. Trump does not like either hard work or spending time doing things.

3) President Trump cannot keep quiet. It is psychically impossible for Trump keep his cards to himself. His opponents have asymmetric information: they know everything about him and his position.

4) President Trump does not actually care what happens. Trump actually cares about Trump looking good for a few minutes, more than the long-term impact of anything. In other words: Trump has an incredible discount rate for anything that happens a few days from now, where we should value what happens a few days from now.

5) President Trump is personally corrupt. Trump would certainty take things that benefit himself or family personally, over the good of his country. This is a classic principle-agent problem: he is a bad agent for US.
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I think this misses the point. Trump does not negotiate, he has skilled negotiators who do that. Trump helps to set the scene, he winds people up and unsettles closed minds, he challenges the status quo and makes openings for his negotiators to suggest, argue and agree........
 
peteblue said:
I think this misses the point. Trump does not negotiate, he has skilled negotiators who do that. Trump helps to set the scene, he winds people up and unsettles closed minds, he challenges the status quo and makes openings for his negotiators to suggest, argue and agree........
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Your constant ability to misread situations is impressive.
 
peteblue said:
I think this misses the point. Trump does not negotiate, he has skilled negotiators who do that. Trump helps to set the scene, he winds people up and unsettles closed minds, he challenges the status quo and makes openings for his negotiators to suggest, argue and agree........
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Umm. No.

I know people intimately involved in NAFTA "negotiations" and US efforts to maintain a coalition against ISIL - nothing President Trump has said or done has created openings for either improvements in NAFTA terms or effective efforts against ISIL. Indeed, his antics, attitudes and positions make these efforts much more difficult for actual skilled negotiators.

You are right in that he doesn't negotiate, but neither does he effectively prepare, consult or get briefed with subject matter expert who might actually help him create these "openings" of which you speak.
 
Can't wait for him to win the Nobel Peace Prize for securing the reunification of the Koreas and single-handedly bringing prosperity to North Korea and its millions of poverty-stricken people. People would still call him an animal and the worst person in the world. Go ed Donald, I am routing for you son.
 
Big Fat Sam said:
Can't wait for him to win the Nobel Peace Prize for securing the reunification of the Koreas and single-handedly bringing prosperity to North Korea and its millions of poverty-stricken people. People would still call him an animal and the worst person in the world. Go ed Donald, I am routing for you son.
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I would think most of South Korea are behind him also....
 
Big Fat Sam said:
Can't wait for him to win the Nobel Peace Prize for securing the reunification of the Koreas and single-handedly bringing prosperity to North Korea and its millions of poverty-stricken people. People would still call him an animal and the worst person in the world. Go ed Donald, I am routing for you son.
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Dow futures up this morning. The markets don't seem to give a crap about what happened over the weekend.
Seems to defy every economic model. Beats me! I'll steer clear of the markets for a while tho.
 
Big Fat Sam said:
Can't wait for him to win the Nobel Peace Prize for securing the reunification of the Koreas and single-handedly bringing prosperity to North Korea and its millions of poverty-stricken people. People would still call him an animal and the worst person in the world. Go ed Donald, I am routing for you son.
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If he actually does this, then the Nobel Peace Prize would be well-deserved and I will have to change many of my thoughts about him. I think the odds of this happening are somewhere around Everton winning the FA Cup and Premiership next year AND me winning Powerball every week for the next 6 months.

But it could happen.
 
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